Archive for the ‘Frugality’ Category

Profit: Caused by your Social Reponsibility

Posted on March 13th, 2009 by PinoyBusiness

Sometimes, because of the drive of the businesses to increase their revenues, certain important areas are taken for granted. The most affected area is the society, the business’ consumers per se.
It is said that businesses have social responsibilities, just like the responsibilities of civil societies, non-governmental organizations, the government, and any other entities affecting the [...]

Student entrepreneur – a “mobile sari-sari store” in campus

Posted on March 11th, 2009 by Roy

Ana Coritha Desamparado is not your ordinary college student. Aside from being the president of the University of the Philippines – Cebu (UP-Cebu) student council, Desamparado is also known in the campus as the “mobile sari-sari store vendor.”
Desamparado, who is taking up a degree in mass communication in UP-Cebu, sells anything. From candies, chocolates, cellphone [...]

RA 4653 – A Law Against Ukay-Ukay

Posted on March 9th, 2009 by PinoyBusiness

The article of Butch del Castillo on Business Mirror where he talks about the booming “ukay-ukay” business in Philippines is quite a wake-upper for me. For one, I learned of the existence of a law is which being violated by this business.
The law, which according to the author is a little-known law, is the Republic [...]

Spend Smarter this 2009

Posted on December 30th, 2008 by PinoyBusiness

Just because the designer jeans you’ve been drooling over from last season is now on a 20% sale doesn’t mean that you have to snatch it right away on a whim. Cost consciousness is essential and when it comes to spending, a little planning goes a long way if you stick to it. First is [...]

Financial Crisis Money Management Tips

Posted on December 15th, 2008 by PinoyBusiness

In these times of global financial crisis and talks of recession won’t be dying any day soon, it wise that we should be conscious of our money habits. Recession or not, our financial habits are something that we should take a second look on. Little money mismanagement is hurting us, without us even being conscious [...]

What You Need to Know About “Economies of Scale”

Posted on November 28th, 2008 by PinoyBusiness

The cost advantage that a firm obtains due to expansion is called economies of scale. Any size firm expanding its scale of operation may utilize it. Purchasing, managerial, financial and marketing are the common ones.
Economies of scale play a role in a natural monopoly. A natural monopoly is defined as a firm which enjoys [...]

Wants and Needs: What is the Difference. – Teach Your Kids

Posted on November 16th, 2008 by PinoyBusiness

Children are a great target market, that’s why most businesses’ marketing efforts are geared towards them. This is most especially true this coming Christmas season, as children are expecting to receive gifts in this time. Absorbing the impact of these marketing ploy are the parents, who oftentimes give in to their children’s nagging for various [...]

A Story of A Filipino Millionaire at 21

Posted on November 14th, 2008 by PinoyBusiness

It could have been an inspiring article. But somehow, something seems to be lacking, as one comment describe it – like an “unfinished symphony” causing others to doubt the story and even the purpose of it being written
The story about Joey Magtibay, a Filipino entrepreneur who achieved financial freedom and became a millionaire at the [...]

China’s Economies of Scale

Posted on November 10th, 2008 by PinoyBusiness

In recent news, Hong Kong officials say that they have found high levels of melamine in a batch of eggs imported from China, the same industrial chemical that has been found in milk supplies exported by the same country.
This adds to a growing list of products found to be tainted with melamine which indicates that [...]

Land Transportation Franchising and Regulatory Board LTFRB Rollback

Posted on November 9th, 2008 by PinoyBusiness

We can see nowadays that the price of oil particularly diesel and gasoline is dropping significantly. As a result, The Land Transportation Franchising and Regulatory Board or LTFRB is agreed to carry out a fare cut for public utility vehicles.
A 1.00 peso fare cut for buses and 0.50 centavos for jeepneys will be agreed amount [...]

The New Filipino Middle Class

Posted on November 8th, 2008 by PinoyBusiness

This is a very optimistic take on the current economic condition of the Philippines, what with the financial crisis and all. It should be noted that the whole proposal of the new Filipino family being middle-class – 10 million of them – as compared to that of an American middle-class family whose assets are practically [...]

Year of the Ox 2009 Predictions and Forecast

Posted on November 4th, 2008 by PinoyBusiness

2009 Year of the Ox:
The Chinese method of identifying every year with animals has greatly influenced most people, even those living in western influenced countries.  So much is its influence that people’s personality and character are often regarded in relation to their Chinese horoscope more than that of its western counterparts.
The 12 animals representing the [...]

Entrepreneur Tips During Financial Crisis

Posted on November 1st, 2008 by PinoyBusiness

Too many entrepreneurs have enthusiastically jumped into business world, only to fold up in such a short span of time. This is a common occurrence in the business scene especially in this global financial crisis, in fact it’s too common. One of the reasons for this failure is the way the entrepreneur handles his funds.
Fact [...]

US Companies Not Paying Taxes

Posted on August 20th, 2008 by PinoyBusiness

http://www.youtube.com/watch?v=0Ouvmwpx4OY
Recent studies of the Government Accountability Office (GAO) has shown that there are quite a number of US companies or foreign firms doing business in American soil, that are not paying their federal income taxes.
The study shows 28 percent of large foreign corporations doing business in the US, whose assets total more than $250 million [...]

Generation Y Financially Broke?

Posted on August 14th, 2008 by PinoyBusiness

A few years back, people thought that the Generation Y had it made. A booming technology, an abundance of opportunities, and a great access to financial subsidies, debts and what-have-you’s. But now, while some people from this generation have succeeded and are now established individuals professionally and financially, recent studies show that lots of 20-something [...]

Cherry Cars in the Philippines (Chery Car)

Posted on August 8th, 2008 by PinoyBusiness

It’s been years when I decided to get rid of my old car because of soaring gas prices here in the Philippines. As I look for a new one, I suddenly came across through a new player in the market with a new brand. Imagine a vehicle that would have as much as quality [...]

“My Phone” MyPhone T22 Duo: First Dual Active SIM

Posted on January 5th, 2008 by PinoyBusiness

Ever had troubles having to carry two cell phone in your pocket? Seem this mind-set signifies lavishness but instead, this will actually cut your cost down when and save time when trying to contact groups of people in different networks.
A lot of Filipinos use two or more cell phones to save money by using the [...]

2008 Year of the Rat Predictions

Posted on December 16th, 2007 by PinoyBusiness

Update: 2009 year of the ox predictions
Declared by the United Nations as the International Year of the Sanitation, Year 2008 will be a leap year which starts on Tuesday according to the Gregorian calendar. In addition, the United Nations also announced that 2008 is the International Year of the Potato It was declared to re-waken [...]