How to spot investment scams in the Philippines

 

By Rose de la Cruz

 

Banks and insurance companies have aggressively been promoting VULs and UITFs (variable life insurance and universal life insurance) investment programs to ensure an individual achieves financial freedom (or freedom from worries about money matters) in his lifetime.

 

And a post by Security Bank on Consumer IQ said such mutual funds, VULs, and  UITs even allow you to grow your money without putting in so much time and effort. Ironically, this idea that you could grow your money without micro-managing your investments has opened the door for scams.

 

These scams typically disguise themselves…

Read more: How to spot investment scams in the Philippines

Japan to help fund 6 of 13 new infra projects



By Rose de la Cruz

 

 

The Japanese government said it would help fund almost half or 6 of the 13 new and approved infrastructure projects of the Duterte administration.

 

 “Japan is one of our long-time and most trusted development partners. We recognize their commitment to technical excellence in infrastructure,” said Socioeconomic Planning Secretary Ernesto M. Pernia said during last week’s 36th Joint Meeting of the Infrastructure Development and Economic Cooperation Committee of the Philippines and Japan.


Of the six new projects, the total cost of which amounts to around P715 billion, five are related to transportation while one…

Read more: Japan to help fund 6 of 13 new infra projects

A hollow block business that rose from a personal need

 

By Rose de la Cruz

 

The hollow block business of Franklin Carmelo in Urdaneta City, Pangasinan began out of a personal need to fence his other business—native delicacies.

 

FQ Carmelo Enterprises now specializes in the production of hollow blocks in Barangay Sto. Domingo, Urdaneta City.

 

It is a beneficiary of the Department of Science and Technology’s Small Enterprise Technology Upgrading Program (SETUP) program in acquiring production equipment to improve productivity.

 

“When we needed to enclose our area and extend the fence every now and then, we thought it was practical and economical to construct it…

Read more: A hollow block business that rose from a personal need

 DBM signs MOA with PLM on procurement course

 

 

By Rose de la Cruz

 

Last February 19, the Department of Budget and Management, through the Government Procurement Policy Board (GPPB), signed a Memorandum of Agreement (MOA) with the Pamantasan ng Lungsod ng Maynila (PLM) for the Certified Public Procurement Specialist Course.

 

The certificate course aims to develop government personnel into professional practitioners able to navigate the complexities of public procurement and fix the leaks in the current system that cause procurement failures.

 

“We have been trying to clean our lot, but historical experiences of corruption and underspending only highlight theurgent need to bridge the…

Read more: DBM signs MOA with PLM on procurement course

Philippines to strengthen trade ties with US

 

By Rose de la Cruz

 

For all the criticism and harsh words that President Duterte had said against the United States, the Philippines is still determined to maintain strong trade ties with the US, which had been positive and favorable in recent years.

 

This, said Socioeconomic Planning Secretary Ernesto Pernia, would be the guidepost of the country in its relations with America considering the upbeat trade performance in 2017.

 

In his presentation to the U.S.-Philippines Society Board of Directors’ Meeting on Monday, Socioeconomic Planning Secretary Ernesto M. Pernia highlighted the intention of the Philippines to keep…

Read more: Philippines to strengthen trade ties with US

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