> Subject:
> A Korean's
  view about the Philippines


> Click for Summary
> �
>
> A Korean's view about the
> Philippines (Read this and weep!)
>
>
> This is an essay written by a Korean
> student I want to share with you. �As you know, we have
> plenty of Koreans currently studying in the Philippines to
> take advantage of our cheaper tuition fees and learn English
> at the same time.
>
> Maybe it is timely to think about this in the midst of all
> the confusion at present. (Never mind the grammar; it's
> the CONTENT that counts
>
>
> MY SHORT ESSAY ABOUT THE PHILIPPINES
> Jae Youn Kim
>
> Filipinos always complain about
  the corruption in the
> Philippines . Do you really think the corruption is
  the
> problem of the Philippines ? I do not think so. I strongly
> believe that the problem is the lack of love for the
> Philippines .
>
> Let me first talk about my country, Korea . It might help
> you understand my point. After the Korean War, South Korea
> was one of the poorest countries in the world. Koreans had
> to start from scratch because entire country was destroyed
> after the Korean War, and we had no natural resources.
>
> Koreans used to talk about the Philippines , for Filipinos
> were very rich in Asia . We envy Filipinos.� Koreans
> really wanted to be well off like Filipinos. Many Koreans
> died of famine. My father & brother also died because of
> famine. Korean government was very corrupt and is still very
> corrupt beyond your imagination, but Korea was able to
> develop dramatically because Koreans really did their
  best
> for the common good with their heart
> burning with patriotism.
>
> Koreans did not work just for themselves but also for their
> neighborhood and country. Education inspired young men with
> the spirit of patriotism. 40 years ago, President Park took
> over the government to reform Korea . He tried to borrow
> money from other countries, but it was not possible to get a
> loan and attract a foreign investment because the economic
> situation of South Korea was so bad. Korea had only three
> factories. So, President Park sent many mine workers and
> nurses to Germany so that they could send money to Korea to
> build a factory. They had to go through horrible
> experience.
>
> In 1964, President Park visited Germany to borrow money.
> Hundred of Koreans in Germany came to the airport to welcome
> him and cried there as they saw the
  President Park . They
> asked to him, "President, when can we be well
> off?" That was the only question everyone asked to him.
> President Park cried with them and promised them that Korea
> would be well off if everyone works hard for Korea , and the
> President of Germany got the strong impression on them and
> lent money to Korea . So, President Park was
> able to build many factories in Korea . He always asked
> Koreans to love their country from their heart.
>
> Many Korean scientists and engineers in the USA came back
> to Korea to help developing country because they wanted
> their country to be well off. Though they received very
> small salary, they did their best for Korea . They always
> hoped that their children would live in well off country.
>
> My parents always brought me to the places where poor and
> physically handicapped people
  live.. They wanted me to
> understand their life and help them. I also worked for
> Catholic Church when I was in the army. The only thing I
> learned from Catholic Church was that we have to love our
> neighborhood. And, I have loved my neighborhood. Have you
> cried for the Philippines ? I have cried for my country
> several times. I also cried for the Philippines because of
> so many poor people. I have been to the New Bilibid prison.
> What made me sad in the prison were the prisoners who do not
> have any love for their country.
> They go to mass and work for Church. They pray everyday.
>
> However, they do not love the Philippines . I talked to two
> prisoners at the maximum-security compound, and both of them
> said that they would leave the Philippines right after they
> are released from the prison. They said that they would
> start a new life in
  other countries and never come back to
> the Philippines .
>
> Many Koreans have a great love for Korea so that we were
> able to share our wealth with our neighborhood. The owners
> of factory and company were distributed their profit to
> their employees fairly so that employees could buy what they
> needed and saved money for the
> future and their children.
>
> When I was in Korea , I had a very strong faith and wanted
> to be a priest. However, when I came to the Philippines , I
> completely lost my faith. I was very confused when I saw
> many unbelievable situations in the Philippines . Street
> kids always make me sad, and I see them everyday. The
> Philippines is the only Catholic country in Asia , but there
> are too many poor people here.� People go to church
> every Sunday to pray, but nothing has been changed.
>
> My
  parents came to the Philippines last week and saw this
> situation. They told me that Korea was much poorer than the
> present Philippines when they were young.. They are so sorry
> that there are so many beggars and street kids. When we went
> to Pasangjan, I forced my parents to take a boat because it
> would fun. However, they were not happy after taking a boat.
> They said that they would not take the boat again because
> they were sympathized the boatmen, for the boatmen were very
> poor and had a small frame. Most of people just took a boat
> and enjoyed it. But, my parents did not enjoy it because of
> love for them.
>
> My mother who has been working for Catholic Church since I
> was very young told me that if we just go to mass without
> changing ourselves, we are not Catholic indeed. Faith should
> come with action. She added that I have to love
  Filipinos
> and do good things for them because all of us are same and
> have received a great love from God. I want Filipinos to
> love their neighborhood and country as much as they love God
> so that the Philippines will be well off.
>
> I
> am sure that love is the keyword, which Filipinos should
> remember. We cannot change the sinful structure at once. It
> should start from person. Love must start in everybody, in a
> small scale and have to grow. A lot of things happen if we
> open up to love.
>
> Let's put away our prejudices
> and look at our worries with our new eyes. I discover that
> every person is worthy to be loved. Trust in love, because
> it makes changes possible. Love changes you and me. It
> changes people, contexts and relationships. It changes the
> world.. Please love your neighborhood and country.
>
>
  Jesus Christ said that whatever we do to others we do to
> Him. In the Philippines , there is God for people who are
> abused and abandoned. There is God who is crying for love.
> If you have a child, teach them how to love the Philippines
> . Teach them why they have to love their neighborhood and
> country. You already know that God also will be very happy
> if you love others.
>
> That's all I really want to ask you Filipinos.
>

Hi friends! My article appeared in Business Mirror...
Here is the link:

http://businessmirror.com.ph/home/opinion/18811-winner-or-loser-.html


Winner or loser?
<http://businessmirror.com.ph/home/opinion/18811-winner-or-loser-.html>
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S5odG1s>
    Opinion
<http://businessmirror.com.ph/home/opinion.html>    Written by Edmund Lao /
Personal Finance      Sunday, 22 November 2009 20:30

Some time ago, I received a tempting offer from an organization that talks
about losers. At first, it seemed to me that the message made a lot of
sense. But after a short ponder, I had a change of thought.

It is because the message proclaims that savers are losers!

The first series of questions that popped out of my mind was:

1. Are savers really losers? Yes.

2. Can savers become winners? Definitely!

The two answers may seem to disagree with each other, but with the
discussion below, we will see that there is no contradiction.

As we all know, saving money is the hardest thing to do because our minds
are conditioned to crave for instant gratification. A change of mindset and
a lot of discipline is a must as a first step in our quest to win. Study the
ants and apply it to the way you save.

If you keep your money in a piggy bank or in your safety box, the statement
�savers are losers� holds true. It is because this money does not �grow�
over a period of time. Also, inflation eats up the purchasing power of the
money saved. It would be logical to spend the money now than to save it
because it will not have a higher value in the future to cope with rising
costs. How can savers become winners then? By saving the right way!

The only way to do that is to shift from being savers to being investors.
Money saved should be put to work 24/7 through proper �investment.� Remember
that you cannot invest what you do not have. So by saving first, you can
accumulate enough fund to start your investment. There are various ways and
vehicles to create, invest and grow money.

Start by:

*Investing in yourself.* Be healthy so that you can continuously earn income
actively and passively. By being healthy, you avoid monstrous medical costs.

*Investing in time.* Time is money so it pays to start investing early on.
Make use of the power of leverage and power of compounding interest. Time
can be your best friend or worst enemy. Make time work for you.

*Investing in education.* Be up to date in financial information through
attending seminars and reading books and morning papers. Surf the Internet
for information. There are many blogs that are full of information to help
upgrade your knowledge. Network with people who share your passion and
beliefs. If you want to be rich, look for the righteously rich and make them
your mentor.

*Investing in assets.* Look for assets that can make your money work for
you. Assets can be in the form of real estate, paper assets, your talent and
craft, precious metals, etc. Just make sure that you do not mistake an asset
with a liability.

*Investing in business.* Put up a business of your expertise. Not all
businesses succeed, but with hard work, dedication and sacrifice, success is
just nearby. Just follow the principle of our tycoons like Henry Sy, Lucio
Tan and John Gokongwei, who made it big from scratch.

If there are no savings, would the investments mentioned above become
possible? A lot of problems can be avoided with savings. Without savings,
the people would have turned to debt to solve their financial problems with
another problem.

The next set of questions that came out was:

What was the purpose of the sender with that message?

Was it to inform or educate me on money matters?

Was there truth to the statement?

Was the message aimed to encourage me not to save but instead to spend it
all?

Was it made to lure me to their orientation and then to sweet-talk me into
�investing� my hard-earned money in their consumption-based business
offering?

Based on the first discussion above, in my honest opinion, the main
objective of the message is to condition my mind into believing that I, as a
saver, am a loser, and that I have to do what they preach to become a
winner. There is the possibility that the source of the message is either
broke or is in the verge of bankruptcy. It gradually dawned on me that if I
do not save and do what they say, I will only be making them rich at my
expense. I am also helping them prove to everybody that their theory works
when in fact I was only made to consume their products that I do not need.
Then the cycle continues. This will be a predator-prey relationship.
Conclusively, the message can be treated as garbage.

If you were the recipient of the message, how would you have responded? Take
note that in the Bible, Matthew 24:4, Jesus talks about religious
deceptions. The warning can also hold true in the world of finance. There
are groups that claim to give �salvation� from financial mess, but are
actually �financial fallen angels� disguised as �financial guardian angels.�
Before taking any action, critical thinking is a must especially in dealing
with your financial decision.

The winner is always part of the answer, the loser is always part of the
problem.

The winner has a dream, the loser has a scheme.

The winner sees possibilities, the loser sees problems

Are savers winners or losers? You be the judge.



Edmund Lao is a candidate for Registered Financial Planner (RFP)
designation. He is a graduate of electrical engineering from Mapua Institute
of Technology. Currently he is a sales engineer in one of the biggest media
companies in the Philippines. He is also an active contributor in
www.income-tacts.com, the country�s premier personal-finance web site. Join
the 17th RFP Program (October 17 to December 12, 2009). Visit
www.rfp-philippines.com or inquire at info@... e-mail
address is being protected from spambots. You need JavaScript enabled to
view it /Tel. No. 634-2204. Join the 18th RFP Program (January16 to March 6,
2010). Visit www.rfp-philippines.com or inquire at info@...
e-mail address is being protected from spambots. You need JavaScript enabled
to view it /Tel. No. 634-2204.


[Non-text portions of this message have been removed]

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·        REPUBLIC ACT NO. 9504 “ Exemption from Withholding Tax and
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·        DE MINIMIS
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The Tired, the Retired, and the Re-Tired
Randell Tiongson

*Here is a nice blog written by my good friend Edmund Lao. Edmund is a
Registered Financial Planner and and advocate of financial literacy for
Pinoys. Excellent piece, a must read. � Randell*

������������-

*
*

GUEST BLOG

*The Tired,  the Retired, and the Re-Tired*

*By Edmund Lao*

**Have you ever heard employees say that they feel sick and tired of being
sick and tired?  The reason* *they feel this way is because they have been
doing the same thing over and over for years and they are still the in the
same situation the day they entered the corporate world. This situation is
analogous to a person running on a treadmill. No matter how long the
distance shown in the odometer, he is still on the same spot. Such is the
predicament of the present day employees. Sadly but with truth, Robert
Kiyosaki said    that all employees are in a rat race. In a rat race,
employees never get rich no matter how much they tire themselves. It is
because all they know is to earn income that is directly proportional to the
effort they exert. They did not learn and put into practice the methodology
to increase their income passively after earning it actively. If they were
able to build their wealth during their productive years, they would be able
to enjoy the fruit of their labor during their golden years. In any thing
that we do, we always feel relieved and indefatigable after we had achieved
our target. With building our finances, for sure we would have felt the
same. The only time we feel tired and frustrated is when we realize that all
our effort were all spent in vain. That is how employees feel today, No
matter how hard they strive, they could not make both ends meet and are
always deep in debt. They always look for loan and then they work hard to be
able to pay their balance due, then get a new loan again, and the cycle
repeats. That is the life of the tired employees.

*The Retired*

For majority, retirement means the end of their corporate life. There are
some who felt a sense of insecurity. On the other hand, there are some who
felt they are finally granted independence from their voluntary prison cell
of twenty to thirty years.  They also see this as opportunity to build their
own business.

A lot of people mistakenly correlate retirement with age when in fact,
retirement has something to do with personal net worth and cash flow. The
sooner a person reaches his financial goals, the sooner he can retire and
enjoy life. Normally, employees are retired by age 55 or 60, and assuming
they have served quite a number of years, say 25 years, some enjoy the
benefit of a big amount of retirement pay.

I have heard of a company that paid almost five million pesos retirement
benefit to an employee after 30 years of qualified service. So to those
people who regularly transfer from one company to another, it is advisable
for them to do the math first before making a decision. The problem that is
often encountered come retirement day is that the retiree was not qualified
to the retirement pay due to limited tenure of service. Then the only source
of retirement income he will receive is from SSS. Jokingly, it can be termed
as Living On SSS or LOSSS (rhymes with loss).

On the other hand, the retiree who received a huge amount may want to reward
himself after working hard for so long that he carelessly spent or invested
all his retirement funds. His has the risk of outliving his fund and when
that happens, he will be in the same shoe with that of the one who retired
broke. It is not a bad idea to reward one�s self, but he has to be very
careful in controlling his emotion specially the excitement of a spending
spree.

*
The Re-tired *

What if the retiree became broke after retirement? The usual thing to do is
to go to his favorite orphanage institution, his children. He will now
experience reality. The time he has abundance, he was the asset and favorite
�visitor� of his loved ones. With his present situation, he is now an
overstaying liability especially to his sons/daughters-in law. If he has
wealthy children, then luck is on his side. Otherwise, he can be compared to
a basketball since he will be passed on from one son to another. The former
good provider to his children is now a burden to them. The children become
�sandwiched� since they have to support their own children and now, their
aged parents.

With this kind of scenario, the once happily retired person, out of shame,
has no other option but to return to the corporate world to get rehired
again (if ever he succeeds considering the competition in job hunting
nowadays) and do the things a tired employee does. He is what we can call
the *re-tired* employee because he will just duplicate what he has done as a
tired employee.
*Solution*

From being tired to being re-tired, we can see there is a common
denominator, money. Out of desperation, some opt to doing part time work
other than the regular job. There are those who voluntarily work overtime as
needed. Worse, there are some who resort to theft of time and money from
their company. This is a common problem in the workplace.
Employees complain of inadequate pay but they do not realize that it is
their lifestyle that has a bearing on their personal finance. Their
lifestyle reflects a �living beyond their means� and �keeping up with the
Joneses� principle.
The key is to be frugal, budget by reducing unwanted expenses, and most
importantly, pay forward so that later, the retired no longer needs to be
re-tired.

In order to achieve that, a correct money attitude is a must. Money is just
a tool and we are the ones who should manipulate it. Early on, acquire a
good habit of disciplined savings regardless of the amount.
That way, there will be a possibility that your accumulated fund may outlive
you. In that case, you have the opportunity to leave a legacy to your
family.

Allow me to end this article by quoting the Proverbs:

*Proverbs 13:11*
<http://bible.logos.com/passage/esv/Proverbs%2013.11>*�Dishonest money
will dwindle, but money gathered little by little will
surely grow.�
**Proverbs 13:22* <http://bible.logos.com/passage/esv/Proverbs%2013.22>*.
  �A good man leaves an inheritance to his children�s children�*
*Special thanks to my very good friend, Engr Rudy Calingo of Metrobank Head
Office, General Service Groups, for coming up with the title of this article
*.


[Non-text portions of this message have been removed]

Untitled Document
       MAKING SENSE OF THE BUSINESS ECONOMY IN 2010 - WHERE LIES THE
OPPORTUNITIES?
       AN ECONOMIC BRIEFING IN LAYMAN'S TERMS!





       Date: December 17, 2009
       Time: 8:30 AM - 5:30 PM
       Venue: A. VENUE HOTEL SUITES, Makati Avenue, Makati City



         Seminar Description:

         An interactive and informative seminar that would provide a better
understanding of what to expect from the 2010 business economy of the country.
The information would be vital for any organization or entrepreneur for their
their business marketing/sales plans.

         Seminar Objectives: at the end of the seminar, participants would :

         1. Better understand what opportunities lie in 2010
         2. Better prepare with their business marketing/sales plans in 2010
         3. Better their assessment of eventualities in 2010.


         Seminar Outline:

         What Has Been The Year That Was : 2009
         (a review of the macro-micro economy in 2009)\

         Glimpse Of The Global Economy
         (assessment of indicators for the global economy in 2010)
         Local Business Indicators In 2010
         (assessment of various business segments in 2010)

         Local Economic Indicators In 2010
         (assessment of various economic indicators in 2010)

         Making Sense Of The Future : How The Markets Would Respond
         (assessment of how the consumer and local markets would respond towards
their spending and savings habits)



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         Learning Investment for the 1-Day Seminar

         Super Saver Rate : P 2,988 + VAT / seat (Pay on or before November 10,
2009)

         Early Bird Rate : P 3,488 + VAT / seat (Pay on or before November 25,
2009)

         Regular Rate : P 3,988 + VAT / seat (Starting November 26, 2009)




         LEARNING INVESTMENT INCLUDES: A "Fun-filled" Learning Experience,
complete with Learning Manuals/Hand-outs, Certificates and Freebies!! plus... AM
Snacks, Sumptuous Lunch & PM Snacks!


         "We are accepting payments via all major credit cards."


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       For the benefit of:

       A BETTER CHANCE FOUNDATION


         www.abetterchancefoundation.org.ph


         When you attend an ARIVA! Seminar you not only learn but help others as
well!!

         For each and every seminar event that ARIVA! holds, ARIVA - on your
behalf - will sponsor one (1) student to night high school for one full school
year.

         That means, you don't just attend a seminar, you get the privilege of
helping less fortunate Filipinos improve their lives as well.









--------------------------------------------------------------------------

       MAKE YOUR RESERVATION NOW! CALL US AT:

       ARIVA! Seminar & Convention Organizers
       895-8058 / 895-9527 / 890-9651
       Call/Text: 0917-3257870

       Email: SuccessSeminars@...

        R E G I S T E R   O N L I N E:   www.Ariva.com.ph
       <>!<>!<>!<>!<>!<>!<>!<>!<>!<>!<>!<>!<>!<>!<>!<>

       ARIVA LEARNING EVENTS - NOVEMBER & DECEMBER 2009

         NOVEMBER 2009


         Date: November 18 - 19, 2009
         Time: 8:30 AM - 5:30 PM
         Venue: ASTORIA PLAZA, Ortigas Center, Pasig City

         RESULTS-DRIVEN RECEIVABLES AND COLLECTION :
         MANAGING YOUR EFFORTS TO COLLECT FOR BETTER RETURNS

         Increase Your Credit and Collection Management Results for Better Cash
Flow to the Business: Best Practices!

         This two-day intensive workshop covers the critical foundation of credit
receivables and collection management and how this can work to the advantage of
the company without sacrificing potential loss in credit exposures when doing
business. Likewise, the critical section on collection management and
         strategies shall also be cover to minimize uncollected past dues.


         Learning Investment for the 2-Day Seminar-Workshop

         Super Saver Rate : P 7,948 + VAT / seat (Pay on or before October 18,
2009)

         Early Bird Rate : P 8,948 + VAT / seat (Pay on or before November 3,
2009)

         Regular Rate : P 10,448 + VAT / seat (Starting November 4, 2009)


         "We are accepting payments via all major credit cards."


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         Date: November 26, 2009
         Time: 8:30 AM - 5:30 PM
         Venue: A. VENUE HOTEL SUITES, Makati Avenue, Makati City
         THE TRAINER'S TOOL KIT: TRAINING THE NON-TRAINER

         The Principles of learning, budgeting for training, when to use case
         studies, handling difficult participants, icebreakers, facilitation
tips, flipchart do's & don'ts, learning contracts, overcoming resistance,
rewards & recognition.

         Learning Investment for the 1-Day Seminar

         Super Saver Rate : P 2,988 + VAT  / seat (Pay on or before October 26,
2009)

         Early Bird Rate : P 3,488 + VAT  / seat (Pay on or before November 11,
2009)

         Regular Rate : P 3,988 + VAT  / seat (Starting November 12, 2009)


         "We are accepting payments via all major credit cards."

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         DECEMBER 2009


         Date: December 3, 2009
         Time: 8:30 AM - 5:30 PM
         Venue: A. VENUE HOTEL SUITES, Makati Avenue, Makati City

         BUSINESS ECONOMIC BRIEFING FOR HR PRACTITIONERS:

         Creating Better HR Plans and Strategies that are Responsive to the
Changing Times :
         What Smart Companies Require Interns of Responsive Employee Talent
Management


         A highly interactive and relevant seminar that tackles the critical
issues in business and the economy that affects the performance and productivity
of the HR department and key result areas. The speaker/facilitator, Mr. Ricky de
Vera, who is a consultant with DTI, a certified international
trainor/facilitator from Singapore and Japan,  Chairman Emeritus Of the
Philippine Marketing Association Chapters and consultant with SMEs and corporate
businesses in the country and the ASEAN region on TALENT MANAGEMENT shall ensure
that the sessions and
         topics  would be practical, informative and consultative in nature!

         No company with an HR department and who wants to ensure the right
employee talents should miss out on this timely and much demanded seminar!!

         This is a customized seminar for companies doing business in the
Philippines who wants to Professionalize their HR focus.

         Learning Investment for the 1-Day Seminar

         Super Saver Rate : P 2,988 + VAT  / seat (Pay on or before November 10,
2009)

         Early Bird Rate : P 3,488 + VAT  / seat (Pay on or before November 25,
2009)

         Regular Rate : P 3,988 + VAT  / seat (Starting November 26, 2009)


         "We are accepting payments via all major credit cards."


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         Date: December 9 - 10, 2009
         Time: 8:30 AM - 5:30 PM
         Venue: ASTORIA PLAZA, Ortigas Center, Pasig City

         MINI-MBA ON CREATING RESULTS-DRIVEN VALUE-BASED MARKETING STRATEGIES AND
INITIATIVES

         An interactive workshop that integrates the knowledge of customer
         and target markets, trade area, marketing mix, product/research
fundamentals, competitive strategies and trends in marketing and business
development.

         Learning Investment for the 2-Day Seminar-Workshop

         Super Saver Rate : P 7,948 + VAT  / seat (Pay on or before November 9,
2009)

         Early Bird Rate : P 8,948 + VAT  / seat (Pay on or before November 24,
2009)

         Regular Rate : P 10,448 + VAT  / seat (Starting November 25, 2009)


         "We are accepting payments via all major credit cards."


--------------------------------------------------------------------------


         Date: December 17, 2009
         Time: 8:30 AM - 5:30 PM
         Venue: A. VENUE HOTEL SUITES, Makati Avenue, Makati City

         MAKING SENSE OF THE BUSINESS ECONOMY IN 2010 - WHERE LIES THE
OPPORTUNITIES?
         AN ECONOMIC BRIEFING IN LAYMAN'S TERMS!

         An interactive and informative seminar that would provide a better
         understanding of what to expect from the 2010 business economy of the
         country. The information would be vital for any organization or
entrepreneur for their their business marketing/sales plans.

         Learning Investment for the 1-Day Seminar

         Super Saver Rate : P 2,988 + VAT  / seat (Pay on or before November 10,
2009)

         Early Bird Rate : P 3,488 + VAT  / seat (Pay on or before November 25,
2009)

         Regular Rate : P 3,988 + VAT  / seat (Starting November 26, 2009)


         "We are accepting payments via all major credit cards."

--------------------------------------------------------------------------

       MAKE YOUR RESERVATION NOW!
       You may call our office at anytime for early registration and for
discounted rates to any of our seminar-workshops.
       Look for Mitch, Joyce or Mona

       ARIVA! Seminar & Convention Organizers
       895-8058 / 895-9527 / 890-9651
       Call/Text: 0917-3257870

         Email: SuccessSeminars@...

          R E G I S T E R   O N L I N E:   www.Ariva.com.ph

         <>!<>!<>!<>!<>!<>!<>!<>!<>!<>!<>!<>!<>



[Non-text portions of this message have been removed]

I own some Philippine company stocks listed in the Philippines Stock Exchange
and would like to know how I can sell it via a Manila stock broker. I am a US
citizen and residing in the US. How do I find reputable Philippine Stock broker
and how do I setup a brokerage account.

*1st Ateneo School of Government Social Entrepreneurship Online Course for
Professionals*

Learn Social Entrepreneurship from any place in the Philippines! Join the
first-ever Ateneo School of Government Social Entrepreneurship Online Course
for Professionals. This online program, the first of its kind, aims to send
forth the vision of positive social change through social entrepreneurship
to as many potential and dynamic changemakers around the country via the
Internet. Classes will meet online starting 12 January 2010 until 21 May
2010 from 6:30 p.m. to 8:00 p.m., Tuesdays and Thursdays only.

This program will introduce you to the emerging concept of Social
Entrepreneurship as an innovative solution to social problems using
entrepreneurial skills through lectures, presentations, video clips,
readings, and case studies of actual social enterprises in the Philippines
and in other countries. Furthermore, the program will also help you develop
new and innovative social enterprise business plans that will allow you to
make a positive contribution to our society while making a profit.

Classes will be administered mainly by Mr. Harvey S. Keh, Director for Youth
Leadership and Social Entrepreneurship at the Ateneo School of Government.

Program Fee is only Php 15,500.00. This program is open only to
Professionals who are currently based in the Philippines and with regular
access to the Internet. A Ten percent discount will be given for those who
register and complete their payment on or before 12 December 2009. A group
discount of 5% is also offered to groups of 3 or more. Early bird groups
will be given a total discount of 15%.

Deadline of Registration and Payment will be on 06 January 2010. The course
will be limited only to a total of 15 students.

A Certificate of Completion from the Ateneo de Manila University-School of
Government will be given to those who will be able to fulfill all the
requirements of the course.

For more information about this program, you may contact Cristyl Senajon at
(02) 426-5657 or you can send an email to cristylsenajon@... .

*This course is also supported by Avant Change and the Ateneo de Manila
University's Development Studies Program.*


[Non-text portions of this message have been removed]

In its latest offering in response to the global financial crisis, premier
events organizer Trade Advertising Exhibitions and Conventions Int’l
(Tradecon) is staging the “Asenso sa Negosyo, 1st SME and Direct Selling
Expo” on Nov. 6-8 at the World Trade Center in Pasay City.
 
The expo features SMEs across different industries as well as various
direct-selling companies that can offer business opportunities to budding
entrepreneurs.  Exhibitors include international and local direct selling
companies, franchising, micro, small and medium scale enterprises, export items,
corporate giveaways, network marketing companies, TV shopping, business start-up
advisers, professional trainers, legal and financial advisers, accounting
software, web developers/IT services providers, advertising & PR companies,
event management companies, marketing support services, home office suppliers,
marketing and training websites, selling items for the holiday season, hotels
and travel destinations, banking, finance and insurance services.
 
Throughout the 3-day event there will be business & company presentations and
short talks on related topics.  Pinoy Smart Savers Learning Center will give a
short lecture on personal finance on November 6 (Friday), 4:00-5:00pm.
 
Panahon na para ikaw ay umasenso.  Punta na sa expo at alamin ang mga
iba’t-ibang negosyo!
 

----------------------------------------------------------
ALVIN T. TABANAG, RFP
Pinoy Smart Savers Learning Center
"Helping ordinary Filipinos achieve financial freedom!"
http://www.pinoysmartsavers.com
Tel.No. (46) 416-1385, (0917) 502-3149
 
AVAILABLE in all leading bookstores nationwide!
Kaya Mo, Pinoy!12 Steps to Build Wealth on Any Income
"The best-selling practical money guide for hardworking Pinoys"





[Non-text portions of this message have been removed]

A Better Patriotism - NOT with Create Abundance



     It's laughable that Create Abundance (CA2020) talks of patriotism and all
those rhetorics just to lure people to their group.  Is it patriotic to be
engaged in business but refuse to register with the government?



     CA2020 charges P400 per participant to their money games (and insist they
don't earn from it even though the meals served during the games is less than
P150 per set meal).   CA2020 also actively promotes and offers an investment
opportunity which they refer to as the Create Abundance Business School
franchise and it costs tens of thousands (some say it's already P100,000 now). 
They do all these despite NOT being registered with the SEC, DTI, BIR and the
local government.  It doesn't have a physical office and do their thing in
different locations in Metro Manila, usually in restaurants.



     CA2020 is "affiliated" with NuSkin, which is a registered entity.  Maybe
that is why they mistakenly think they don't need to register.  However, you
don't see NuSkin in any of their invites.  Besides, NuSkin networking is just
one of several investments in CA2020's scheme.



     Better patriotism you say?  NOT with Create Abundance!  There's nothing
patriotic from creating personal abundance at the expense of the unsuspecting
public.  That's deceit and treachery.


     ----------------------------------------------------------
     ALVIN T. TABANAG, RFP
     Pinoy Smart Savers Learning Center
     "Helping ordinary Filipinos achieve financial freedom!"
     http://www.pinoysmartsavers.com
     Tel.No. (46) 416-1385, (0917) 502-3149

*How Family Corporations Ease the Burden of Tax on Estates *

By  Emmanuel C. Alcantara
      and Stephanie G. Vicente
      SGV & Co.

             When a man acquires property on account of years of hard work
and labor, the tendency is he will strive to preserve the property for the
benefit of his family. Filipinos are fond of buying real property as a
legacy for their children. But is one actually free to plan and ensure that
his assets will be enjoyed by those he chose even after his death? We have
heard of stories of people amassing fortunes during their lifetime only to
perish leaving their children with massive debts and liabilities to settle.

             While the decedent who lived life prosperously rests in peace,
those left behind claim that the government cashed in on the estate leaving
nothing for them. Yet is it fair to point the finger at the government who
enforced the tax or do we lay the blame on the decedent's lack of foresight?


*Estate Tax*

             A considerable portion of a decedent's estate is devoted for
payment of estate taxes. Under present tax laws, when a person dies, his net
estate is subject to estate tax which ranges from 0 percent to 20 percent,
depending on the value of the net estate. Assets such as real property,
shares of stock, bank deposits, and other registered or registrable
properties cannot be transferred to the heirs unless a certification is
obtained from the Commissioner of Internal Revenue showing that estate taxes
have been paid.

             In addition, estate taxes should be paid within six months from
the time of death of the decedent. After this period, the heirs will be
liable to pay on top of the 0-20 percent estate tax, a penalty equivalent to
25 percent - 50 percent of the amount due, as the case maybe; interest at
the rate of 20 percent a year on any unpaid amount of tax from the date
prescribed for payment until the amount is fully paid; and a compromise
penalty as a form of extra-judicial settlement of the heir's liability.

             The imposition of the estate tax is justified based on the
estate-partnership theory which provides that estate tax represents the
share of the state as a passive and silent partner in the accumulation of
property by the decedent. The state is regarded as an extraordinary
compulsory heir of a decedent, practically taking precedence over all the
legitimate heirs in the distribution of the decedent's assets. Estate tax in
effect allows the entry of the first stranger to the family's exclusive
property.

             For example: A person dies leaving a net estate of P15 million.
Should the heirs file the estate tax return within six months from the date
of death of the decedent, they would have to pay a little over P2.2 million
basic estate tax. However, should the heirs belatedly file the estate tax
return after five years, the amount payable is estimated at P5 million.

             Using the above example, it is certainly economical for the
heirs to pay the estate tax right away. But what if the heirs do not have
cash? Then again, even without delay the amount of P2.2 million is difficult
to produce within just six months. The heirs would then have to immediately
dispose of properties if only to avoid interest and penalties from setting
in. But again, what if the estate consists of only one real property such as
the ancestral home? Will the heirs be compelled to sell their ancestral
home? Even so, what if the property is not sellable? It seems like the heirs
are rapidly running out of options and if they fail to act promptly, they
may find themselves eventually forfeiting the entire property in favor of
the government.

             It is therefore conceivable how hard-earned assets are
washed-out by the occurrence of death. Thus, morbid as it may seem, a person
must plan ahead of his death so that estate tax and other settlement
expenses will not dissipate his wealth.                           * **
** **
**Family Corporations**

**            *The creation of family corporations has often been resorted
to by individuals whose foremost objective is to reserve the management of
wealth within the family.

             Private individuals have the legal right to forbid outsiders to
come in and interfere with the management of the family's assets, and much
less share in whatever fortune has been brought about by the family's
collective efforts. A family is not prohibited from forming private
corporations expressly limiting the shareholders to members of the same
family for the purpose of effective property and asset management. The fact
that a corporation is owned or controlled by one family will not give rise
to the loss of its corporate personality and the piercing of its corporate
veil.

             The doctrine of piercing the veil of corporate fiction takes
place only after the occurrence of fraudulent, illegal or criminal acts
without which the distinct personality of the corporation is maintained
notwithstanding that one family controls it.

  *Family Firms and Real Estate Planning*

             The following are features of a family corporation which makes
it valuable for estate planning purposes:

             *Family corporations are permanent in nature*. While a person
dies, a corporation exists despite the incapacity of its stockholders. A
corporation grants individuals privileges which they would not otherwise
possess, the most important attributes of which are continued legal identity
and indefinite succession under a corporate name. Death of the transferor of
the asset becomes immaterial in relation to the property transferred. And so
does estate taxes.

             *Transfer of property to a family corporation is tax-free*.
Generally, real property may be transferred to another either through sale,
donation or succession. In all cases, the seller, donor or heirs will be
exposed to tax at the rates of 6 percent or 0-20 percent as the case may be.
On the other hand, a corporate structure enables individuals to transfer
property away from the estate with minimal tax consequence. Parents may
therefore invest their conjugal properties to a family corporation without
having to pay heavy transfer taxes.

             The Tax Code prescribes a tax-free method of conveying an
individual's properties to a corporation otherwise referred to as a tax-free
exchange. The law provides that no gain or loss is recognized if a person
exchanges his property for stock in a corporation where as a result of such
exchange, said person, alone or together with others not exceeding four
persons gains control of said corporation. Such being the case, a transfer
of property away from one's estate and in favor of a family corporation in
exchange for shares of stock in the corporation legally avoids taxes on
transfer of property, such as the estate tax.

             *Parents maintain effective control of the assets of the family
corporation*. In a conventional family corporation, the parents hold key
positions in the corporation as members of the board of directors or as
stockholders thereof. Despite the conveyance of property, the parents do not
lose absolute ownership over the asset transferred in favor of the family
corporation. As a member of the board of directors, parents would continue
to have authority to determine policy and conduct the ordinary business of
the family corporation and its assets. As stockholders, they possess among
others, the right to vote at stockholders meetings, to elect and remove
directors, to approve certain corporate acts and to adopt and amend or
repeal the by-laws of the corporation.

             Notwithstanding, the transfer, the parents may retain the power
to control the management of their assets. In fact, upon transfer of
property in favor of the family corporation, the parents begin to share the
power of control over the property with their children without having to
surrender absolute ownership before succession sets in.


            Family members incur limited liability. A person who conducts his
business through a sole proprietorship exposes himself to the risk of
attachment and seizure of property for payment of personal liabilities. This
is due to the unlimited personal liability of the sole proprietor. In a
corporate set-up, the personal assets of stockholders cannot be held liable
for corporate debts and liabilities.

             Family corporations protects against the adverse tax consequence
due to the appreciation in value of real estate. It is important to note
that in case of the transfer of real property by way of succession, the
liability for estate tax proportionately increases as the fair market value
of the property appreciates.

             If a person dies leaving an estate consisting of real
properties, the basis for the estate tax shall be the current fair market
value of the properties at the time if his death. Hence, if the decedent
acquired a parcel of land in 1972 with fair market value of P1 million and
dies in 2003 leaving the same parcel of land with an appreciated fair market
value of P15 million, the basis for the estate tax will be the current fair
market value of the property at the time of his death or P15 million.

             The above principle does not apply when real property has been
previously transferred to a family corporation pursuant to Section 40(C)(2)
and (6)(c) of the tax code. In this case, instead of leaving real
properties, the decedent leaves an estate consisting of shares of stock in
the family corporation. Upon death, the transfer or conveyance of the shares
of stock in the family corporation will be subject to estate tax based on
the original acquisition/historical cost, which is the book value of the
assets previously transferred by the decedent to the family corporation in
exchange for the shares of stock.

             Hence, if in 1998 a parent transfers a parcel of land with fair
market value of P5 million in exchange for shares of stock in a family
corporation and then dies in 2003 holding the shares of stock in the family
corporation, the basis for the estate tax upon the transfer will be the book
value of the shares in stock of the family corporation (P5 million) and not
the fair market value of the property (P15 million) which carries the
appreciated value (P10 million).

             It may be inferred from the above that the transfer of one's
estate through the conveyance of shares of stock of a family corporation
effectively safeguards the decedent against the appreciation in value of
real estate which in turns prompts the imposition of the progressive rate of
estate taxes.

             It is noteworthy to remember that a taxpayer has the legal right
to decrease the amount of what otherwise could be his taxes or altogether
avoid them, by means which the law permits. He is free to plan ahead of time
and use all available means within the bounds of law which will ensure that
his assets are to be enjoyed by only those he chose. Note however that a
corporation is relatively complicated in formation and management, for this
reason it is deemed prudent for one to seek professional advice before
implementing such estate plan.

--------------------------------------------------------------------------------\
-------------------
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message which may arise as a result of this e-mail transmission.



--
J. Randell Tiongson, RFP�


[Non-text portions of this message have been removed]

From
http://www.randelltiongson.com/preparing-for-retirement-pinoy-style-part-2/

Preparing for retirement, Pinoy style (Part 2)
Randell Tiongson

*� con�t.*

For the best investment for retirement, the top 3 answers were Real Estate,
Time Deposits and Savings. There were very few respondents who made mention
about more sophisticated instruments like life insurance, mutual funds, unit
investment trust funds, stocks, bonds or structured notes. Ironically, quite
a number of my respondents came from financial-related industries. If my
respondents are an indication of the average middle class Filipino, you can
surmise that we remain to be largely unsophisticated when it comes to
investments. It is no wonder our capital markets are still highly
undeveloped with most of the funds invested in short term savings and time
deposits.

My 9th question actually reveals my theories on retirement planning in the
country today. When asked why they think Filipinos do not take retirement
planning seriously � my respondents talked about immediate gratification;
�manana� habit; lack of funds; poor income; increasing expenses; wrong
priorities; short-term thinking; lack of knowledge; etc. Here�s an
interesting reply from one of my respondents � �This is a big challenge for
us in the financial industry.  Filipinos are not too keen on preparing for
their retirement maybe because of what we call the �extended� family.
Further, most parents are too busy preparing for their children�s future and
they tend to forget to prepare for their old age.  They will simple say, if
I can provide a good future for my children they will look after me during
my old age.� Obviously, this respondent belongs to the financial services
industry and took the opportunity to express her disappointment. I remember
hearing someone referring to it as the Filipino Financial Planning.

With regard to consulting with a professional, nearly all of my respondents
thought it was a good idea. At least they acknowledge the fact that they
will need help in this important area of their lives. Well, seeing a
financial planner is really a good start; executing what the planner
recommends is another story. The response to my final question should
encourage the practitioners that there are people out there who would like
to at least listen to what a planner has to say.

I must say that as I collate the responses, I was really concerned about the
future of my fellow Filipinos. While most of our brothers and sisters agree
that retirement is something that they should prepare for � actually doing
it is easier said than done. Personally, my wife and I would really need to
work on our retirement programs ourselves and writing this article was also
a reminder for me.

The Bible actually talks about preparing for the future � many refer to it
as the *�Storehouse�* Principle. Come to think of it, retirement planning is
just like filling our storehouses. Let us be consistent in filling up our
storehouses so that when the time comes, we will have enough supply for our
needs. Retirement planning is no different � we must be faithful in
allocating for our retirement so the when we do retire, we will have more
than enough. Just as God blesses the storehouses in the biblical times, God
will bless our financial plans as well. Remember though, if one does not
have a storehouse (or a retirement program in this case), what will God
bless then?


--
J. Randell Tiongson, RFP�
Personal Finance Coach & Educator

http://www.randelltiongson.com/


[Non-text portions of this message have been removed]

>
>
>
>
>   "Quick, GET RICH Schemes"
>
> Venue: ONE SAN MIGUEL AVENUE BLDG.
> 9/F San Miguel Avenue cor. Shaw Blvd. Ortigas Center, Pasig City
> Date: November 14, 2009
> Time: 2:00pm - 5:00pm
>
>
> SPEAKER
> Efren Cruz, RFP �
>
> *Efren Ll. Cruz, RFP* is a registered financial planner with the RFPI USA.
> He is author of the bestselling books, Pwede Na! The Complete Pinoy Guide to
> Personal Finance and Pwede Na! The Complete Pinoy Guide to Retirement &
> Estate Planning. He is Chairman and CEO of Personal Finance Advisers
> Philippines Corporation (www.personalfinanceadvisers.com).
>
> FEERegular fee is Php 500 plus 12% VAT
>
>  First 30 paid registrants get a free copy of Efren Ll. Cruz's
> best-selling book "Pwede Na! The Complete Pinoy Guide to Personal Finance"
>
>
>  RESERVE NOW
>  Email this newsletter to a friend. [OPT - OUT] To stop receiving direct
> mail marketing from RFP Philippines, email us at
> info@... indicating your name and type in the subject line
> "delete". Your record will be deleted within 1 week.
>
> Copyright � 2004 - 2009. Registered Financial Planner (RFP) - Philippines.
> All rights reserved.
>
> For inquiries, email us at info@... or call us at +(632)
> 634-2204.
> Visit our website at
www.rfp-philippines.com<http://www.rfp-philippines.com/index.asp>
>
>
>


[Non-text portions of this message have been removed]

Proverbs 13:11
Wealth quickly got will become less; but he who gets a store by the work of
his hands will have it increased.

�Wealth From Get-Rich-Quick Schemes Quickly Disappears; Wealth From Hard
Work Grows.�


[Non-text portions of this message have been removed]

Please click here if you don't see the image above
http://www.powermaxconsultinggroup.com/seminar.php?sem_id=463
�
�
�
THE 2010-2011 BUSINESS / FINANCIAL ECONOMY AND HOW IT WILL AFFECT YOUR BUSINESS
BUSINESS ECONOMIC BRIEFING
Ensure Your Business / Marketing Plans for 2010 are
Realistic and Responsive�
November 20, 2009� 8:30am - 5:30pm
Crowne Plaza Galleria, Ortigas Center
�


An interactive, informative, easy-to-understand special seminar that provides
invaluable inputs and data regarding the business, financial, and economic
environment which could affect your business / departmental /��sales and
marketing
development plans for 2010 - 2011.� This landmark session should not be missed.�

�
�
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Please call us for more information
Tel.�470-1055 /�54
Look for LENI
Or text / call 0905-3364486
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
�
�
HIGHLIGHTS:�����������������

Macro-Global Sector

Global Environment Moving Forward

Micro-Local Sector

Economic Indicators

Local Environment Moving Forward

Making Sense of All These:� Rethinking
�

TARGET PARTICIPANTS:�����������������

The Bosses / Decision Makers / Marketing Exectives / Businessmen and
Entrepreneurs


�
�
�





Please click here if you want to register online
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�
Please click here�for inquiries�
info@...
�
��������������������
SPEAKER -� MR. RICKY DE VERA �
* Certified International Trainer - Singapore / Japan
*�Chairman Emeritus�-�Philippine Marketing Association Chapters
*�Trainer / Facilitator�-�Asean Center for Excellence
*�Consultant�-�Department of Trade and Industry
* Recognized Marketing / Management Guru of the Philippines
*�Facilitator�-�Business Economic Briefing
�
REGISTER NOW
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Please call us for more information
Tel.�470-1055 / 54
Look for LENI
Or text / call 0905-3364486
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
��
or fill out the registration form below and fax it back to us�
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
REGISTRATION FORM
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
�
SEMINAR INVESTMENT
o� Regular Rate� (starting�November 13)�������������� �Php.5,895+ VAT per pax
�������
o� Early Bird Rate� (valid until�November 12)��������Php 4,995+ VAT per
pax���������
�
o� Group Rate (Register 5 or more pax)��������������������Php.4,495+ VAT per pax
** Seminar investment is inclusive of morning and afternoon snacks, lunch,
certificate and car pass.
�
No of��������������� ��Seminar Fee������������������������������
Discount����������������������� Net Seminar
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3.__________________________���� 8. _____________________________
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Company Name__________________________________________________________
Address_________________________________________________________________
Tel Nos_______________________________Fax_________________________
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AUTHORIZING OFFICER / CONTACT PERSON:
���������������� MR./MS. ��������� __________________________________
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�==========================================================
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Pls. fax at�����470-1055�� 470-1054��������������������� Leni
�
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�
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Please call us for more information
Tel.�470-1055 / 54
Look for LENI
Or text / call 0905-3364486
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
��
�


Presented by






�


� Sponsored by



�







�








�








�
�






�
�
�
�
�
�
�
�
�

If you have received this email by mistake, please accept our apologies
If you do not wish to receive any advice on training from us,
please send us�a blank�email with the subject "REMOVE".
�
If you think your friends may benefit from this training program,
please feel free to pass.
�
THANK YOU!




[Non-text portions of this message have been removed]

Scams and fraud continue to proliferate and victimize Filipinos.  Just recently
the DFA reiterated its warning against internet-based scams.  This afternoon I
received an advisory from Globe warning against people claiming to be relatives
asking for load.  In countless forums and e-groups you also see endless offers
of investment / business opportunities and invites to “free” seminars from
groups with uncertain or suspicious identities and background.
 
Huwag basta-basta magpaloko. Knowledge and information are your best weapons
against being scammed.  The SEC advises the public to “think, examine, and
diligently study” an investment or business opportunity.  Gustong-gusto ng
mga manloloko na magdesisyon ka kaagad dahil alam nila na kapag pinag-isipan mo
ito ng matagal at binusising mabuti ay mahahalata mo ang kalokohan nila.  Think
long and hard before making any decision.
 
Whenever you are offered an investment or business opportunity, the SEC also
advises that you get the following information:
 
1.  Name of the person and the name of the company making the offer.
 
2.  Address of both the person and the company
 
3.  Phone number, particularly landline.  Do not accept cellular phone
number(s) --- the owner cannot be traced.
 
4.  SEC registration as an investment taker.
 
(To learn more about the SEC’s investment scam checklist please visit
http://www.sec.gov.ph/invstmnt_scams_chklist.htm)
 
If the one making the offer refuses or cannot give at least one of the above
then it’s most certainly a scam.  You should also make sure that the group is
legitimate by asking for a business permit.  Check if the name on the
registration papers and other legal documents is the same as the name of the
group who made the offer.  If it’s different then they’re misrepresenting
and they’re likely operating a scam.
 
Tandaan: Walang manloloko kung walang paloloko!
 
 
----------------------------------------------------------
ALVIN T. TABANAG, RFP
Pinoy Smart Savers Learning Center
"Helping ordinary Filipinos achieve financial freedom!"
http://www.pinoysmartsavers.com
Tel.No. (46) 416-1385, (0917) 502-3149
 
AVAILABLE in all leading bookstores nationwide!
Kaya Mo, Pinoy!12 Steps to Build Wealth on Any Income
"The best-selling practical money guide for hardworking Pinoys"


__________________________________________________
Do You Yahoo!?
Tired of spam?  Yahoo! Mail has the best spam protection around
http://mail.yahoo.com

[Non-text portions of this message have been removed]

Sir and those interested,

I need infos on how to register an online advertisement business.

I am currently residing in France and
plans to do online advertising.
Meeting point for employers and employees in France. They advertise for a fee.

And, plans to register this business
Back home (Pilipinas) so as to avoid the tax burden of running a business here
inthe Europe.

Anyway, its virtual so I could be operated anywhere in the world.

Best,


Jacob

from
http://www.businessmirror.com.ph/home/opinion/17419-building-a-strong-foundation\
.html

Building a strong
foundation<http://www.businessmirror.com.ph/home/opinion/17419-building-a-strong\
-foundation.html>



Opinion <http://www.businessmirror.com.ph/home/opinion.html>Written by J.
Randell Tiongson / Personal Finance   SUNDAY, 18 OCTOBER 2009 21:44

Not too long ago, people from everywhere would say that the Philippine peso
was so weak and had so little value. I remember that many Pinoys would
convert their money to US dollars because the peso loses values so fast, it
seemed to be the prudent thing to do for them then.

About five or so years ago, I met a person selling a financial product that
would give you about 2-percent per-annum yield over 10-plus years. I
challenged the person pushing the product because of the ridiculously low
yield for an instrument that you needed to wait for at least a decade. The
person selling the product told me the actual yield of the product was much
higher if you factored the historical depreciation of the peso�he used 8
percent. He said that in reality, you actually got a product that gives you
10-percent annually. Duh! I remember politely telling him to change his
sales pitch as he was treading on dangerously thin ice. I doubted that he
followed my advice, though, as there were hordes of people selling horrible
dollar-based financial products that capitalized on the weakening of the
peso.

About the same time, I started telling people not to put too much of their
money in US dollars because I felt that the appreciation of the US currency
was too much, too fast and beyond logic. Even back then, studies showed that
the US economy was not as strong as people thought it to be; in fact, it was
a time bomb waiting to explode. No, I do not have a crystal ball. Nor am I a
genius in forecasting. I merely urge people to diversify and exercise common
sense.

When you put most your eggs in one basket, you are taking too much risk.
Somehow, many people saw the American dollar as a risk-free endeavor�much
like how some people see real estate or any other asset class of their
liking. While it�s OK to have a �favorite� asset or asset class, we need to
make sure that our bias for our preferences do not make us totally discard
the value of diversification. Time often makes one realize there�s no such
thing as �risk-free.�

Things change and times change. I remember my parents and grandparents
telling us that the best investment we can make was land, land and land. I
had a cousin who once told me that the best investments are those that are
made in the stock market. My businessmen-friends would tell me that nothing
beats having your own business. Well, they may be sensible and may be
correct at some point. However, we can�t really make a judgment call on
something that is relative�relative to our own perspectives. In the end, we
always need to factor in the risks of our initiatives�is it OK to take the
risk that is inherent to the endeavor we are undertaking? Is it consistent
with the achievement of our financial objective? Did we consider the time
frame for our undertaking? Too many questions, but they all deserve to be
answered.

It is my belief that whatever undertaking we take in life, it must have good
foundations�this is true with our investments as well. We need to develop
our base on proper money management, appropriate savings  and a lot of
common sense�these are the foundations that would bring real prosperity.

�He is like a man building a house, who dug down deep and laid the
foundation on rock. When a flood came, the torrent struck that house but
could not shake it, because it was well-built� (Luke 6:48, NIV).

  ********************

Due to public demand, the �No-Nonsense Seminar on Finance: How to Invest for
the Future� will be having a repeat on November 7, 2009, from 1:30 to 5:30
p.m. at the Victory Center, Upper Level, Promenade, Greenhills. To learn
more about the event, visit randelltiongson.com. Catch the early- bird rate
if you register and pay before October 24, 2009.

*J. Randell Tiongson is a personal-finance coach and educator. He is a
director of the Registered Financial Planner Institute (Phils.) and has over
20 years� experience in the financial-services industry. He is also the
cofounder of www.income-tacts.com, the country�s premier personal-finance
online community. For speaking engagements, training and consultancy, send
an e-mail to*** < <script language='JavaScript' type='text/javascript'> <!--
var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addy59186
= 'randellt' + '@'; addy59186 = addy59186 + 'gmail' + '.' + 'com';
document.write( '<a ' + path + '\'' + prefix + ':' + addy59186 + '\'>' );
document.write( addy59186 ); document.write( '<\/a>' ); //-->\n
</script><script language='JavaScript' type='text/javascript'> <!--
document.write( '<span style=\'display: none;\'>' ); //--> </script>This
e-mail address is being protected from spambots. You need JavaScript enabled
to view it <script language='JavaScript' type='text/javascript'> <!--
document.write( '</' ); document.write( 'span>' ); //--> </script>>*
randellt@...* <randellt@...>*. To read his personal-finance
blogs, visit www.randelltiongson.com. The opinion and views expressed herein
are solely those of the author�s and do not necessarily reflect those of the
Personal Finance Advisers Philippines Corp. or the Registered Financial
Planner Institute. Join the 18th RFP Program (January 16 to March 6, 2010).
Visit www.rfp-philippines.com or inquire
at**info@...*<info@...>
*/Tel. No. 634-2204.*



































































--
J. Randell Tiongson, RFP�
Personal Finance Coach & Educator

http://www.randelltiongson.com/


[Non-text portions of this message have been removed]

*Midlife: Get serious about retirement *

Posted 5/25/2006 10:23 PM ET

*By Mindy **Fetterman**, **USA** TODAY*

Midlife is so, well, so mid.

It's the middle of raising kids. The middle of marriage (if you're still on
your first). The middle of your career. The middle of your, gulp, life.

You think you're pretty well set, with a house and a family, a couple of
cars, a gaggle of TV sets and computers and iPods, a dog, a nice vacation
once a year.

*INTERACTIVE: *Take our financial
quiz<http://www.usatoday.com/money/graphics/couples_money/flash.htm?tabNum=tab5>

Still, there's a lot for you to do now to ensure that the older years ahead
go well.

"In the 50s, you hit the panic mode, and you should," says Mark Bass, a
financial planner in Lubbock, Texas. "In your 40s, you've got a pretty good
shot at" ensuring your retirement years will go well.

Midlife is the time to strengthen your grip on your financial life.

"It's clearly the '20-20' rule," says Howell Edwards of InCharge Institute,
a non-profit that encourages consumers to get out of debt. "You've been out
in the world working for about 20 years, and you have about 20 years to go
until you retire."

Here are some areas to consider:

*Retirement is coming *

What was once so far away is now inching closer. Those who have been saving
for retirement probably need to increase the amount they save. Those who
haven't begun need to start. In your 40s, you still have enough time that
your savings will benefit from compounding returns, which really help money
grow.

Edwards and other planners suggest you max out your retirement savings at
work through your 401(k). At the least, you should be saving to the limit
that your company will match. But maxing out is even better.

You should be saving at least 10% of your income for retirement and be
invested in the stock market for growth, says Elissa Buie, a planner in Falls
Church, Va.

"I'm not suggesting be speculative, but you need to be in a well-diversified
combination of U.S. and international stocks," she says.

*Assess spending and debt *

Live within your means.

"You need to seriously be spending less than you're earning, or you're going
to have trouble retiring," Buie says. "Stop trying to keep up with the
Joneses."

As you ratchet down your spending, you can use the saved money a couple of
ways:

�Increase retirement savings.

�Cut credit card debt.

Some financial planners are pretty strict about how much credit card debt
they think you should have: none. "Use credit cards only for convenience or
to build up (frequent-flier) points," Buie says, and pay the full balance
each month.

If that sounds too radical, at least get a grip on debt. Think about how you
would afford all your payments if you or your spouse became severely ill or
injured. Or if you found your spouse suddenly out of work.

"You want to have a reasonable debt load," Edwards says. "You need to be
able to base it on one income."

*Write down a plan *

You should begin to visualize your retirement. Want to change careers? Work
part time? Go back to school? Golf and never work another day?

Whatever the case, you need a plan.

"And it's more than just your 401(k) statement," says Drew Denning of
Principal Financial. He estimates only one in five adults has a written
financial plan. Be careful of online retirement planning tools, he says.

"The risk is that you'll make overly optimistic assumptions � like, 'I'm
going to get 12% return on my investments, and inflation will only be 2% and
the length of my retirement will be only 20 years,' " Denning says. When, in
reality, you might get only 6% a year, inflation will be 4% and you'll live
35 years after you retire.

The cost of waiting to save money is steep.

Say you earn $50,000 a year and have saved $100,000. You want to replace 80%
of your income in retirement. "If you started at age 35, you can accomplish
that by saving 9% of your income," Denning says. "If you wait until age 40,
it jumps to 16%; at 45, it's 27% of salary."

That calculation includes employer matches to a 401(k), so don't pass up
that free money.

*Insuring your success *

One insurance item tends to slip through the cracks for people in their 40s
who are busy raising kids and working and paying mortgages, planners say.

You probably have life insurance to protect your family if you die. But what
if you live but can't work? That's why planners suggest disability
insurance.

"It's consistently the most gaping hole that we see in someone's financial
affairs," Bass says.

Disability can be "economic death," he says. "You need to either live or
die. In between is deadly."

If you're in your 50s, Bass suggests you start thinking about long-term care
insurance, which could spare you much of the crushing cost of a nursing
home.

*Helping the kids *

People want to save money to send their kids to college. But planners urge
most folks to save for their retirement first. Students can apply for grants
and loans.

If you want to help and you have some time before college to save, think
about tax-free 529 plans or state prepaid plans that let you save money for
your child to attend a state school.

"You need to save for your retirement before you pay for college," Denning
says. "Your kids have 40 years to pay off their school debt."

Many folks in their 40s are in second or third marriages, and might have
blended families with kids from previous marriages. Figuring out how to
divvy up money to all these kids can be an issue in midlife. Are we paying
for everyone's college? How does our will divide our assets among children?

"Is this a true blended family, where everyone is equal? Or is my stuff
mine, my kids mine and your stuff yours, your kids yours?" Buie says. "What
about the ex-spouses? What are their financial obligations?"

There's no need to treat each child the same, just fairly. Children "may
think they got the short end of the stick," Edwards says. "You just need to
make sure they know why they got what they did or didn't get. The reason was
the assets came from this side of the family, or that side, and that's why
they got what they got."

*Helping your parents *

You've heard about the "sandwich generation." Parents and kids are the
"bread." And if you're in your 40s or 50s, you're the peanut butter being
spread increasingly thin between the two.

"Are the parents going to move in with you, or the grown kids?" Bass says.
"You wonder, 'Can we get our kids self-sufficient, and are our parents going
to stay self-sufficient?' "

Somewhere in midlife, you start wondering: What about me?

Buie recommends having "the talk" with your parents to find out their
ability to pay for their old age and what they expect you to contribute � if
anything.

Consider paying for your folks' long-term care insurance policy. "It's a lot
cheaper than a nursing home," she says.







*Efren Ll. Cruz, **RFP� FPA� - Member****

Author and Personal Finance Coach

Chairman and President, Personal Finance Advisers Philippines Corporation

Email Addresses: cruise@..., efrencruz@...,
pwedena@..., elcruz@...

Free Personal Finance Discussion Group:
http://finance.groups.yahoo.com/group/pwedenabook



**RFP - Registered Financial Planner (**USA**)*

* FPA - Financial Planning Association (**USA**)*


[Non-text portions of this message have been removed]

I'm giving 4 complimentary slots to the No Nonsense Seminar on Finance (How
to Invest for the Future), the Repeat to 4 deserving students taking any
business related course or Economics. If you are interested or you would
like to nominate anyone, please have them send me an email to
randellt@... with a brief note as to how they can benefit from my
program.
See attached poster for seminar details.

--
J. Randell Tiongson, RFP�
Personal Finance Coach & Educator

http://www.randelltiongson.com/


[Non-text portions of this message have been removed]

The Philippine Stock Exchange and iACADEMY


invite you to the



"2nd Certified Securities Specialist Course"




The Philippine Stock Exchange Certified Securities Specialist Course
(PSE CSSC) is a key initiative of the Exchange envisioned to provide
continuing education for market participants. It is a 116 to 124-hour
program that put emphasis on financial market theories, valuation
techniques and analysis, investment portfolio management, ethics,
regulations, and market dynamics. The PSE CSSC was charted and developed
by the PSE Capital Markets Development Division, led by its Market
Education Department, and a composite team of noted academicians and
market practitioners.




Objectives



     1. To provide a continuing education for the public that will enhance
their knowledge about the capital industry, with specific focus on the
equities industry;
     2. To enhance the investing, trading and analytical skills of
investors and industry practitioners; and
     3. To promote an investment culture among Filipinos and general
public.







Methodology


The PSE Securities course is delivered by way of a number of teaching
methodologies.  Lecture discussions, concept application to actual
settings, case studies, simulations, and group dynamics are conducted to
ensure participants’ full understanding and appreciation of the
course.  Multi-media presentations are also used to complement classroom
discussions.


Program Content


Course 1 :              Organization and Functioning of Financial
Markets

Course 2 :              Review of Statistics

Course 3 :              The Analysis and Use of Financial Statements

Course 4 :              Macro-economic and Industry Analysis

Course 5 :              Company Analysis and Stock Valuation

Course 6 :              Relative Valuation Techniques and Measure of
Value Added

Course 7 :              Modern Portfolio Theory and Practice

Course 8 :              An Introduction to Derivative Markets and
Securities

Course 9 :              Equity Portfolio Management and Performance
Evaluation

Course 10 :            Ethics in the Professional Asset Management
Industry

Course 11 :            Technical Analysis

Course 12 :            The Securities Regulation Code

Class Tour              PSE/Brokerage Visit and Basic Stock Market
Orientation

                                Seminar on PSE New Trading System

                                Final Comprehensive Exam




Successful participants of the course can explore a career as:

     * Research or Investment Analyst
     * Stock Market Trader or Broker ***
     * Investor
          ***Participant should pass the licensure exam for Brokers
administered by SEC

______________________________________________________






For inquiries and reservations, please contact iACADEMY Office


at 889 7777 and look for Rodel O. Vizconde,


email - rodel.vizconde@...
<mailto:rodel.vizconde@...>



______________________________________________________



















[Non-text portions of this message have been removed]

Greetings!
 
We would like to invite you and the Finance or Accounting Department  in your
company to join the very special seminar --- ALL ABOUT VAT and INCOME TAX ---
Everything You Need to Know About VAT and Income Tax and How It Will Affect Your
Business  slated on November 4 - 6, 1:30 - 5:30pm at Crowne Plaza Galleia. 
It will open your eyes to a plethora of ways you can improve your finance and
tax handling system and SAVE a lot especially in these times of crises.  
 
Please call us asap while there are still seats available.  You may contact
Leni at 470-1055 or you may call / text her at 0905-3364486.
 
Thank you and best regards.
 
The Management
POWERMAX CONSULTING GROUP
 


 




Please click here if you don't see the image above
http://www.powermaxconsultinggroup.com/seminar.php?sem_id=456
 


All About VAT 
and Income Tax
Everything You Need to Know About VAT & Income Tax
and How It Will Affect Your Business

November 4 - 6  8:30am - 5:30pm
Crowne Plaza Galleria

 
               > AVOID financial and criminal penalties
            > SAVE a lot on tax due morally and legally
            > With SPECIAL TIPS on Bookkeeping and Recording
            > LAST RUN for 2009
 
 DO NOT MISS THIS EVENT




 
 





Please click here if you want to register online
http://www.powermaxconsultinggroup.com/registration.php
 
Please click here for inquiries 
info@...
 
 
 


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Please call us for more information
Tel. 470-1055 / 57 / 470-1342 / 706-0514 
Look for LENI
Or text / call 0905-3364486
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


 
TOPICS:                 


DAY 1 - VALUE ADDED TAX

DEFINITION OF TERMS
TAX RULES AND REGULATIONS
PREPARATION AND MAINTENANCE OF RECORDS FOR VAT PURPOSES
THE IMPORTANCE OF KEEPING PROPER RECORDS
HOW TO FILL-OUT VAT RETURNS CORRECTLY
PROCEDURES AND CONTROLS TO BE APPLIED TO ENSURE THE TIMELY SUBMISSION OF
COMPLETE AND ACCURATE VAT RETURNS
PROPER APPLICATION OF VAT IN YOURSELF AND YOUR BUSINESS AS WELL
HOW VAT WORKS AND AFFECT YOUR BUSINESS
EVIDENCES TO CLAIM IN-PUT TAX
GENERAL RULES ON INVOICING
HOW LONG TO KEEP RECORDS
WHY KEEP RECORDS?
KINDS OF RECORDS TO KEEP
DAY 2 – INCOME TAXATION 

BASIC PRINCIPLE
APPLICATION
TAX RULES & REGULATIONS
NORMAL & SPECIAL INCOME TAX RATES FOR:
        A.     INDIVIDUAL CITIZEN, RESIDENT ALIEN & NONRESIDENT ALIEN
        B.     FRINGE BENEFIT TAX
        C.     EXEMPTION FROM FRINGEBENEFIT TAX
        D.    PRIVILEGE STORE OPERATOR
        E.     REWARD 
TAX LIABILITY OF MEMBERS OF GENERAL PROFESSIONAL PARTNERSHIP
NORMAL & SPECIAL INCOME TAX RATES ON CORPORATION
OTHER INCOME NOT SUBJECT TO INCOME TAX
TAX FORMS AND DEADLINES
RELEVANT AND LATEST BIR ISSUANCES 
DAY 3 – TOP SECRETS OF HANDLING BIR AUDIT 

WHY BIR SHALL CONDUCT AUDIT INVESTIGATION TO TAXPAYERS RECORDS
PROCESS OF ISSUANCE
WHO ARE THE RECIPIENT
WHAT TO DO IF YOU ARE THE RECIPIENT
LEGAL TIPS OF HADLING LETTER OF AUTHORITY
UNDERSTANDING ANATOMY OF LETTER OF AUTHORITY
RELEVANT AND LATEST BIR ISSUANCES
 
PLUS BONUS TOPIC:                 



     Bookkeeping and Recording

 
SPEAKER -  MS. RIA SABLON
* A Sought-after Consultant on Handling Tax Cases
* Presently handling 30 long term major clients for consultancy services
* Has handled a multitude of short-term clients / cases on handling BIR Cases,
TVN, LA, LN, etc.,
 
REGISTER NOW
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Please call us for more information
Tel. 470-1055 / 57 / 470-1342 / 706-0514 
Look for LENI
Or text / call 0905-3364486
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~  

or fill out the registration form below and fax it back to us 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
REGISTRATION FORM
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

SEMINAR INVESTMENT
o  Early Bird Rate  (until October 26)     
      * Whole Program             Php 4,995 + VAT per pax
      * Per Day                        Php 2,295 +
VAT per pax
           
o  Regular Rate  (starting October 27)        


      * Whole Program             Php 5,895 + VAT per pax
      * Per Day                        Php 2,695 +
VAT per pax
 
o  Register 5 or more  (Group Discount)        

      * Whole Program             Php 4,695 + VAT per pax
      * Per Day                        Php 1,995 +
VAT per pax
         


 
No of                  Seminar
Fee                              
Discount                        Net Seminar
Pax                     per
Pax                                      �\
�                                       �\
� Fee per Pax


______              Php_________ +
VAT                   Php________             
Php__________  + VAT
                                   
                                        \
                                       GR\
AND TOTAL             Php _________

Name of Participants 
                                        \
                                        \
                        
!. __________________________     6._____________________________
2.__________________________     7._____________________________
3.__________________________     8. _____________________________
4. _________________________      9. _____________________________
5. _________________________    10. ____________________________


Company Name__________________________________________________________
Address_________________________________________________________________
Tel Nos_______________________________Fax_________________________



AUTHORIZING OFFICER / CONTACT PERSON:
                 MR./MS.          
__________________________________
                      POSITION        
__________________________________
                      EMAIL              
__________________________________
                      CEL NO.           
__________________________________
                      SIGNATURE   
__________________________________

 ==========================================================

Pls. fax at     470-1055    Leni


 

 


 





Please click here if you want to register online
http://www.powermaxconsultinggroup.com/registration.php
 
Please click here for inquiries 
info@...
 
 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Please call us for more information
Tel. 470-1055 / 57 / 470-1342 / 706-0514 
Look for LENI
Or text / call 0905-3364486
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

If you have received this email by mistake, please accept our apologies

If you do not wish to receive any advice on training from us,
please send us a blank email with the subject "REMOVE".


If you think your friends may benefit from this training program,
please feel free to pass.

 
THANK YOU!



Presented by






 


  Sponsored by



 












 














 
 
If you have received this email by mistake, please accept our apologies
If you do not wish to receive any advice on training from us,
please send us a blank email with the subject "REMOVE".
 
If you think your friends may benefit from this training program,
please feel free to pass.
 
THANK YOU!




[Non-text portions of this message have been removed]

ACCOUNTING FOR NON-ACCOUNTANTS (by PORTER & MILES, INC.)

Oct. 27-29, 2009 1:00 � 5:00 pm  Crowne Plaza Galleria

Especially designed for non-accounting managers, supervisors and
personnel.  Whether you like it or not, you have to work with some
issues in basic accounting.  Topics include:  The accounting cycle;
Adjusting journal entries; Financial Statements like Balance Sheet and
Income Statements; The Cash Flow Statement and Financial Statements.
This program is slated on Oct. 27-29, 2009 1:00 � 5:00 pm  Crowne
Plaza Galleria, Ortigas.  This "must-attend" seminar is
organized by Porter and Miles, Inc., a premier training company.  Call
Mercy at 986-3631 / 986-3982 / 706-1392/706-1321/706-1307 for more info
/ reservation.  Hurry!



Sponsors for this event are the Philippine Daily Inquirer, The Job
Market, Business World, Business Mirror, Holiday Inn, New Synergy
Garments, Trabaho.com, JobsDB, UK-Derm Pharma,  BusinessWeek,
Entrepreneurs Society of the Philippines and APCEI



Unit 704 City and Land  Megaplaza, ADB Avenue

Ortigas Center, Pasig City

Telefax 706-1392/706-1321/706-1307



[Non-text portions of this message have been removed]

Hi, everyone. Since there was an earlier email about BDO phishing, I'd want to
share as well an email sent to me, also meant to phish my information. Beware of
scams like this. Of course I did not comply with this letter.

It catches one's attention by alarming you that unusual charges have been made
to your account, so, that in itself will make you pay attention. I knew right
away it was a scam because I had earlier cancelled this credit card that was
linked to my Paypal. Thus. it was impossible to be charged anything on it.

Before providing any information, check outside of emails like this and verify
information first. The internet is a good resource for seeing the correct
contact information of legitimate establishments.


--- On Sun, 7/5/09, Paypal Service Internet Banking <news@...>
wrote:

From: Paypal Service Internet Banking <news@...>
Subject: Important Notification:Attention! Your PayPal account has been limited!
PP-259-187-991
To: (My email)
Date: Sunday, July 5, 2009, 6:13 AM



PayPal#yiv1820267812 #obmessage .dummy {}
#yiv1820267812 #z BODY,
#yiv1820267812 #z  TD {font-family:verdana, arial, helvetica,
sans-serif;font-size:12px;color:#000000;}
















		 Information Regarding Your account:

		 Dear PayPal Member:

Attention! Your
  PayPal account
has been limited!

As part of our security
  measures, we regularly screen activity in the
PayPal system.We recently
contacted you after noticing an issue on your
account.We requested information
from you for the following reason:

Our system detected unusual charges
  to a credit card linked to your
PayPal account.


Reference Number:
PP-259-187-991


This is the Last reminder to log in to PayPal as soon
as possible. Once
you log in, you will be provided with steps to restore your
  account
access.




Once you log in, you will be provided with steps to

restore your account access. We appreciate your understanding as we work to
ensure
account safety.








				 Click
here to activate your account







We thank you for your prompt attention to this matter. Please
understand that this is a security measure intended to help protect you and your
account. We apologise for any inconvenience..


Sincerely,
PayPal Account Review Department




Copyright � 1999-2009 PayPal. All rights reserved. PayPal Ltd.
  PayPal FSA Register
Number: 226056.


		 PayPal Email ID PP059








				 Protect Your Account Info


				 Make sure you never provide your password to fraudulent
websites.

To safely and securely access the PayPal website or your
account, open a new web browser (e.g. Internet Explorer or Netscape)
and type in the PayPal login page (http://paypal.com/) to be sure you are
on the real PayPal site.

For more information on protecting
yourself from fraud, please review our Security Tips at
https://www.paypal.com/us/securitytips




				 Protect Your Password


				 You should never give your PayPal password to
anyone.




















[Non-text portions of this message have been removed]

After sending you that first "Paypal" email, I chatted with an actual US Paypal
representative and verified with certainty that they DID NOT send me a letter in
July. They were very helpful and polite.

Here is an example of the first fake Paypal email. The other I sent here is the
second one. See how persistent scammers are!

--- On Sun, 7/5/09, service@... <service@...> wrote:

From: service@... <service@...>
Subject: Notification of Limited Account Access RXI091
To: "My Name and email"
Date: Sunday, July 5, 2009, 7:20 AM

Hello ___________

As part of our security measures, we regularly screen activity in the PayPal
system. During a recent screening, we noticed an issue regarding your account.



We determined someone may have tried to access your PayPal account without your
permission. For your protection, we have limited your account access. To lift
this limitation, log in to your PayPal account and follow the steps in the
Resolution Center.

Case ID Number:


For your protection, we have limited access to your account until additional
security measures can be completed. We apologize for any inconvenience this may
cause.

To review your account and some or all of the information that PayPal used to
make its decision to limit your account access, please visit the Resolution
Center. If, after reviewing your account information, you seek further
clarification regarding your account access, please contact PayPal by visiting
the Help Center and clicking "Contact Us".

We thank you for your prompt attention to this matter. Please understand that
this is a security measure intended to help protect you and your account. We
apologize for any inconvenience.





Thanks,

PayPal Account Review Department

Please do not reply to this email. This mailbox is not monitored and you will
not receive a response. For assistance, log in to your PayPal account and click
the Help link in the top right corner of any PayPal page.

----------------------------------------------------------------
Copyright © 1999-2009 PayPal. All rights reserved.

Consumer advisory- PayPal Pte. Ltd., the holder of PayPal’s stored value
facility, does not require the approval of the Monetary Authority of Singapore.
Users are advised to read the terms and conditions carefully.

PayPal Email ID PP522






[Non-text portions of this message have been removed]

For Sterling Bank of Asia, we have *10 selected branches* that offer casual
Saturday banking:



    1. Ayala
    2. Banawe
    3. Emerald �Ortigas
    4. Greenhills
    5. Kalookan
    6. Ongpin
    7. Bacolod
    8. Cebu � Magallanes
    9. Davao
    10. Iloilo



These selected branches are open to serve from *10am to 3pm* every Saturday.



On 10/13/09, limdex <limdex@...> wrote:
>
>
>
>
> Many have been asking as to which banks are open during Saturdays. Here is
> a listing:
>
> 1. Metrobank - Trinoma, Waltermart Munoz, SM Fairview
> 2. Sterling Bank of Asia - selected branches
> 3. BPI - selected Express Banking Centers only (selected services)
> 4. BDO - selected branches only, mostly in malls
> 5. Robinsons Bank - mall branches only
> 6. Asiatrust Bank - selected branches
> 7. GE Money Bank - mall branches only
> 8. ChinaBank - selected mall branches
>
> If you know other banks or branches that offer Saturday banking, please add
> them to the list.
>
> Thanks!
>
>
>



--
"Men occasionally stumble over the truth, but most of them pick themselves
up and hurry off as if nothing ever happened."
     - Sir Winston Churchill


[Non-text portions of this message have been removed]

Many have been asking as to which banks are open during Saturdays.  Here is a
listing:

1. Metrobank - Trinoma, Waltermart Munoz, SM Fairview
2. Sterling Bank of Asia - selected branches
3. BPI - selected Express Banking Centers only (selected services)
4. BDO - selected branches only, mostly in malls
5. Robinsons Bank - mall branches only
6. Asiatrust Bank - selected branches
7. GE Money Bank - mall branches only
8. ChinaBank - selected mall branches

If you know other banks or branches that offer Saturday banking, please add them
to the list.

Thanks!

I AM A BDO CLIENT AND BELOW IS AN E-MAIL MESSAGE FROM THEM.
--------------------------------------------------------------------------------\
-------------------

There are scams recently circulating through email that attempts to lure bank
clients into giving out their internet banking id, password, bank account no.,
credit card account no., and other confidential information.

These email scams, also known as “Phishing”, are attempts designed to obtain
sensitive banking information and other personal data from unsuspecting clients,
with the objective of perpetuating fraud or theft.

The email messages usually contain links that, when clicked, may lead you to
what appears to be your bank’s internet banking login page/website. Some links
may generate a pop-up window requesting clients to enter confidential personal
and financial information.

To protect yourself against these email scams, we urge you to be alert to any
type of communication that solicits information about your account. Please be
reminded that:

· BDO will never contact clients by phone OR EMAILS to ask for confidential and
sensitive information such as your internet banking Username and Password FOR
EXAMPLE. Likewise, the Bank will never ask you to change your password through
an email REQUEST. The Change of internet banking passwords should be done only
after you have successfully logged on to the secure myBDO or FASTNet internet
banking sites.

Please do not respond to emails requesting for the above information.

· Do not click on any link provided by such emails. Make sure that YOU,
PERSONALLY, type the website address (or URL) in the address bar of the browser
to get to your desired website.

You may contact us through http:// www.bdo.com.ph or bank with us through
https:// www.mybdo.com.ph (for BDO and converted EPCI account holders) or
through https:// www.fastnet.com.ph (for unconverted EPCI account holders).

· BDO's myBDO Internet Banking and FASTNet official websites’ URL starts with
-- “https://” -- the text "s" identifies the site to be a securely protected
site. In contrast, "phished" websites are usually accessible with URLs starting
with "http://" which are unsecured sites.

Make it a habit to check and view the "https://" in the URL whenever you access
any internet banking website, to ensure that you are accessing a secure site.

· For further inquiries, or if you suspect that you have received a fraudulent
email or phone call, please immediately call our BDO Customer Contact Center at
any of the following numbers:

Tel. No. : 631-8000
1-800-10-6318000
(Int’l. Access Code) + 800-8-6318000

· Also, please promptly forward any suspecting emails you receive to
tngbgrms@... for our investigation.


As a precautionary measure, we suggest that you change your internet banking
Password immediately by logging on to https:// www.mybdo.com.ph (for BDO and
converted EPCI account holders), or to https:// www.fastnet.com.ph (for
unconverted EPCI account holders).

Remember that your best defense against fraud is to keep your personal and
financial information confidential at all times.

Thank you for banking with BDO.




TOVI MENDOZA
Vice President
TBG-Retail Market Segment
BDO




________________________________
From: Michelle Nicole Fatima Sarino <constip8d@...>
To: Philippines_Finance_Money_Banking_Investment@yahoogroups.com
Sent: Monday, October 12, 2009 12:46:41
Subject: [PesoPower] Phishing? BDO clients beware

 
Hi everyone,

I do not have a BDO account but surprisingly I received an email yesterday from
with the subject "Important Message From Banco De Oro". The email contained the
ff:
____________ _________ _________ _________ _________ _________ _‏

Dear Valued Customer,

You Have one new security message from Banco De Oro Bank

Click here to Read

Yours sincerely,
Online Customer Service_____ _________ _________ _________ _________ _________
________

Out of curiosity, I followed the link (http://www.callterm ination.info/
invite/tmp/ fo_rib_login. html) and I was taken into a website that looked
exactly like BDO's internet banking log-in page.

I would like to alert people from BDO. It seems like someone is trying to
collect log-in information of your clients. This is a bit scary because the
email allegedly came from customerservice@ bdo.com.ph

I am not certain if this was really sent by BDO, but something smells fishy, I
thought this should be confirmed by them. I hope you guys can enlighten or alert
BDO clients, whichever the case may be.

Thanks,

Nikki

What can we do to improve Metro Manila traffic? Find the answers on Yahoo
Answers! http://ph.answers. yahoo.com/

[Non-text portions of this message have been removed]





       Get your preferred Email name!
Now you can @ymail.com and @rocketmail.com.
http://mail.promotions.yahoo.com/newdomains/aa/

[Non-text portions of this message have been removed]

Hi everyone,

I do not have a BDO account but surprisingly I received an email yesterday from
with the subject "Important Message From Banco De Oro". The email contained the
ff:
________________________________________________________________________________\
______‏



Dear Valued Customer,

You Have one new security message from Banco De Oro Bank

Click here to Read

Yours sincerely,
Online Customer
Service_________________________________________________________________________\
__

Out of curiosity, I followed the link
(http://www.calltermination.info/invite/tmp/fo_rib_login.html) and I was taken
into a website that looked exactly like BDO's internet banking log-in page.

I would like to alert people from BDO. It seems like someone is trying to
collect log-in information of your clients. This is a bit scary because the
email allegedly came from customerservice@...

I am not certain if this was really sent by BDO, but something smells fishy, I
thought this should be confirmed by them. I hope you guys can enlighten or alert
BDO clients, whichever the case may be.


Thanks,

Nikki



       What can we do to improve Metro Manila traffic? Find the answers on Yahoo
Answers! http://ph.answers.yahoo.com/

[Non-text portions of this message have been removed]

For the millions of Filipinos affected by Ondoy’s fury, cleaning up after the
great flood is just one of the difficult tasks that lie ahead and sadly, it
could be one of the easiest.  Ondoy’s once-in-a-lifetime deluge also brought
another kind of disaster to hundreds of thousands of its victims – financial
disaster.  The kind of catastrophe that’s harder to recover from especially
if you are unprepared.
 
Many homes sustained major damage or completely destroyed.  Thousands of cars
were devastated and not a few rendered totally useless.  Trashed furniture,
appliances and other stuff litter the mud covered streets waiting to be taken
away to its final resting place in landfills.  Small businesses which took
years to build were gone in a flash.  It will take a long time and lots of
money to replace or repair the things that you hold dear.  However, some are
lost forever and can never be replaced like the hundreds who died.
 
Your ability to pull through a financial disaster quickly and easily will
largely depend on how well you have saved for the literal and figurative
“rainy days.”  Getting back on your feet will be a great struggle if you
don’t have enough savings to turn to or don’t have ample protection when
financial emergencies strike.  Dahil marami sa atin ay maliit lang o walang
ipon, marami na namang Pilipino ang mababaon sa utang para lang makabangon.
 
I can only hope that the tragedy caused by Ondoy will jolt every Filipino to
seriously start saving and get protection against financial tragedies. 
Remember, there are other unexpected events that you should worry about besides
catastrophic natural calamities.  Accidents and sickness, which can happen
anytime, can also wreak havoc on your finances if you are not prepared. 
 
Kaya sana simulan mo na agad ang pag-iipon.  Dahil magpa-Pasko na, sana hindi
mo gagastusin lahat ng bonus mo.  Set aside some for your savings and emergency
fund or get insurance for yourself, your family and your properties.  You may
not be able to prevent disasters, accidents or sickness from happening but you
sure can prepare for it.  So prepare now before it strikes again!


----------------------------------------------------------
ALVIN T. TABANAG, RFP
Pinoy Smart Savers Learning Center
"Helping ordinary Filipinos achieve financial freedom!"
http://www.pinoysmartsavers.com
Tel.No. (46) 416-1385, (0917) 502-3149
 
AVAILABLE in all leading bookstores nationwide!
Kaya Mo, Pinoy!12 Steps to Build Wealth on Any Income
"The bestselling practical money guide for hardworking Pinoys"


__________________________________________________
Do You Yahoo!?
Tired of spam?  Yahoo! Mail has the best spam protection around
http://mail.yahoo.com

[Non-text portions of this message have been removed]

1. Banking : Head of Operation
----------------------------------------------------------------------
Qualification and Experience : B.Com/M.Com/M.B.A/ C.A with 10 + yrs of exp in
any leading commercial Bank and must be designated as Custer Head/Regional
Head/President who can able to handle more than 15 branches in that state

2. Internal Audit Manager

Job Responsibility :
� Carry out an independent appraisal of the effectiveness of the policies,
procedures and standards by which the bank's financial, physical and information
resources are managed
� Add value by acting as a facilitator in business risk management and carrying
out value for money reviews, thereby assisting the management in the effective
discharge of their responsibilities.
� Managing the regulatory risks and controls for the assigned regulation, law or
line of business to ensure compliance with applicable laws and regulations.
� To work with management to ensure a system is in place which ensures that all
major risks of the bank are identified and analyzed, on an annual basis
� To plan, organise and carry out the internal audit function including the
preparation of an audit plan which fulfils the responsibility of the department,
scheduling and assigning work and estimating resource needs
� To report to both the audit committee and management on the policies,
programmes and activities of the department
� To coordinate coverage with the external auditors and ensure that each party
is not only aware of the other's work but also well briefed on areas of concern

� To make recommendations on the systems and procedures being reviewed, report
on the findings and recommendations and monitor management's response and
implementation
� To review and report on the accuracy, timeliness and relevance of the
financial and other information that is provided for management
� To work with management to ensure a system is in place which ensure that all
major risks of the bank are identified and analyzed, on an annual basis
� To report on the value for money that the Bank obtains in all its activities
with special regard to economy, efficiency and effectiveness
� To conduct any reviews or tasks requested by, the audit committee and
management provided that such reviews and tasks do not compromise the
independence or objectivity of the internal audit function
� To provide both management and the audit committee with an opinion on the
internal controls in the Bank.
� Monitors and evaluates operations, programs, processes and/or practices for
quality and effectiveness; makes recommendations for improvement.
Requirements
� Master degree.
� 7-10 years experience directly related to Internal Audit in a commercial bank
where at least 3 years as Internal Audit Manager in a commercial bank.
� Fully functional in monitoring of documentation, compliance and policies of
the bank.
� Being able to bring advices for improvements.
� Excellent analytical, creativity and problem solving skills.

Package:
Beside the monthly remuneration the following package is offered as standard to
all expat staff:
- free accommodation (separate room with a shared cook, cleaner and laundry) in
a guest-house where our other international staff live and the distance between
the guest-house and office is about 10 minutes driving.
- free pick & drop facility
- free lunch on working days in the bank
- Life/Accident insurance premium,
- reimbursal of medical expenses up to 400 USD
- 4 return flight tickets per annum to homeland
- 24-28 annual leave days (the bank is off on Friday & Saturday)
- mobile top-up, laptop

Salary:
It depends on the position and the qualifications/experience of the candidate.
After the first 6 months as probation we will review the salary upwards based on
the performance and contribution.


Kind regards
Lion Sahoo
Chief Consultant
ITM Consultancy Services
Email: itmconsultancy@...
Skype : itmconsultancy
www.itmconsultancy.in