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Wednesday, September 19, 2018

5 Simple Tips on How to Succeed in Water Refilling Business




Water refilling stations are one of the most encouraging business nowadays. But just because it is common in your place, it does not mean you can no longer earn from it. Potable or clean water is one of our basic needs especially for drinking and for our food preparation. With pollutions that surrounds us nowadays, some people are no longer sure if tap water is safe and clean. This is the main reason why many are turning into water refilling station for drinking water in their homes.  If you are planning to engage in this kind of business, there are a lot of water companies that offer a franchise. All you need is a capital and of course a knowledge on how to run this business and earn eventually. Water refilling station is easy to operate anyway and the demand is stable.   Here are some tips to consider if you are planning for a water refilling business.  1. Location   It should be visible and accessible. It is also important to get a location where there is less competition. Choose a site that is heavy in foot traffic such as locations near schools, subdivisions, offices, clinics, and hospitals, plaza, parks or a place where there are many commercial establishments.  2. Promote Your Business  Promotion is important. Do not expect that customers will know your business without promoting it. Allocate a budget for promotion. Give freebies or discount to your loyal customer to keep them coming back. Also, evaluate your place for the best layout and design of your water station.  3. Maintain the good quality of your product  To do this, you should not neglect the regular maintenance of your equipment. Once you lose a customer due to the poor quality of your water, it is almost impossible to regain the trust. Make sure that every processed water are clean and clear. Always remember that the word of mouth is the most effective advertisement you will have if you offer the best quality and good service to your customer. Also, it can carry the news of your poor quality and no amount of promotion can restore your credibility.   4.  Hire The Right People For The Job  You cannot run this business alone. You will be needing workers depending on your customer's demand. Eventually, you will engage in water delivery services in households or offices near in your area so you will be needing a delivery man and a driver.  Make sure to hire hard working and easy to train staff to do the job. Also, take good care of your workers because they are the one that will help you in your business to prosper.  5. Register Your Business  Register your business to the nearest Department of Trade and Industry (DTI) in your area. With the nature of your business, it is important that you have documents to prove your legality. Make sure you will comply with all the requirements being asked to you such as sanitary survey and operational permit. Even the Department of Health warned consumer not to buy drinking water from water refilling stations that have no sanitation permit!
Water refilling stations are one of the most encouraging business nowadays. But just because it is common in your place, it does not mean you can no longer earn from it. Potable or clean water is one of our basic needs especially for drinking and for our food preparation. 

With pollutions that surrounds us nowadays, some people are no longer sure if tap water is safe and clean. This is the main reason why many are turning into water refilling station for drinking water in their homes.

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Sponsored Links

 If you are planning to engage in this kind of business, there are a lot of water companies that offer a franchise. All you need is a capital and of course a knowledge on how to run this business and earn eventually. Water refilling station is easy to operate anyway and the demand is stable.


Here are some tips to consider if you are planning for a water refilling business.
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1. Location 

It should be visible and accessible. It is also important to get a location where there is less competition. Choose a site that is heavy in foot traffic such as locations near schools, subdivisions, offices, clinics, and hospitals, plaza, parks or a place where there are many commercial establishments.
Water refilling stations are one of the most encouraging business nowadays. But just because it is common in your place, it does not mean you can no longer earn from it. Potable or clean water is one of our basic needs especially for drinking and for our food preparation. With pollutions that surrounds us nowadays, some people are no longer sure if tap water is safe and clean. This is the main reason why many are turning into water refilling station for drinking water in their homes.  If you are planning to engage in this kind of business, there are a lot of water companies that offer a franchise. All you need is a capital and of course a knowledge on how to run this business and earn eventually. Water refilling station is easy to operate anyway and the demand is stable.   Here are some tips to consider if you are planning for a water refilling business.  1. Location   It should be visible and accessible. It is also important to get a location where there is less competition. Choose a site that is heavy in foot traffic such as locations near schools, subdivisions, offices, clinics, and hospitals, plaza, parks or a place where there are many commercial establishments.  2. Promote Your Business  Promotion is important. Do not expect that customers will know your business without promoting it. Allocate a budget for promotion. Give freebies or discount to your loyal customer to keep them coming back. Also, evaluate your place for the best layout and design of your water station.  3. Maintain the good quality of your product  To do this, you should not neglect the regular maintenance of your equipment. Once you lose a customer due to the poor quality of your water, it is almost impossible to regain the trust. Make sure that every processed water are clean and clear. Always remember that the word of mouth is the most effective advertisement you will have if you offer the best quality and good service to your customer. Also, it can carry the news of your poor quality and no amount of promotion can restore your credibility.   4.  Hire The Right People For The Job  You cannot run this business alone. You will be needing workers depending on your customer's demand. Eventually, you will engage in water delivery services in households or offices near in your area so you will be needing a delivery man and a driver.  Make sure to hire hard working and easy to train staff to do the job. Also, take good care of your workers because they are the one that will help you in your business to prosper.  5. Register Your Business  Register your business to the nearest Department of Trade and Industry (DTI) in your area. With the nature of your business, it is important that you have documents to prove your legality. Make sure you will comply with all the requirements being asked to you such as sanitary survey and operational permit. Even the Department of Health warned consumer not to buy drinking water from water refilling stations that have no sanitation permit!
Read: 5 Best Water Refill Station Franchises in the Philippines

2. Promote Your Business

Promotion is important. Do not expect that customers will know your business without promoting it. Allocate a budget for promotion. Give freebies or discount to your loyal customer to keep them coming back. Also, evaluate your place for the best layout and design of your water station.
Water refilling stations are one of the most encouraging business nowadays. But just because it is common in your place, it does not mean you can no longer earn from it. Potable or clean water is one of our basic needs especially for drinking and for our food preparation. With pollutions that surrounds us nowadays, some people are no longer sure if tap water is safe and clean. This is the main reason why many are turning into water refilling station for drinking water in their homes.  If you are planning to engage in this kind of business, there are a lot of water companies that offer a franchise. All you need is a capital and of course a knowledge on how to run this business and earn eventually. Water refilling station is easy to operate anyway and the demand is stable.   Here are some tips to consider if you are planning for a water refilling business.  1. Location   It should be visible and accessible. It is also important to get a location where there is less competition. Choose a site that is heavy in foot traffic such as locations near schools, subdivisions, offices, clinics, and hospitals, plaza, parks or a place where there are many commercial establishments.  2. Promote Your Business  Promotion is important. Do not expect that customers will know your business without promoting it. Allocate a budget for promotion. Give freebies or discount to your loyal customer to keep them coming back. Also, evaluate your place for the best layout and design of your water station.  3. Maintain the good quality of your product  To do this, you should not neglect the regular maintenance of your equipment. Once you lose a customer due to the poor quality of your water, it is almost impossible to regain the trust. Make sure that every processed water are clean and clear. Always remember that the word of mouth is the most effective advertisement you will have if you offer the best quality and good service to your customer. Also, it can carry the news of your poor quality and no amount of promotion can restore your credibility.   4.  Hire The Right People For The Job  You cannot run this business alone. You will be needing workers depending on your customer's demand. Eventually, you will engage in water delivery services in households or offices near in your area so you will be needing a delivery man and a driver.  Make sure to hire hard working and easy to train staff to do the job. Also, take good care of your workers because they are the one that will help you in your business to prosper.  5. Register Your Business  Register your business to the nearest Department of Trade and Industry (DTI) in your area. With the nature of your business, it is important that you have documents to prove your legality. Make sure you will comply with all the requirements being asked to you such as sanitary survey and operational permit. Even the Department of Health warned consumer not to buy drinking water from water refilling stations that have no sanitation permit!
Read: 8 Gas Station and LPG Companies Open For Franchise

3. Maintain the good quality of your product

To do this, you should not neglect the regular maintenance of your equipment. Once you lose a customer due to the poor quality of your water, it is almost impossible to regain the trust. Make sure that every processed water are clean and clear. 

Always remember that the word of mouth is the most effective advertisement you will have if you offer the best quality and good service to your customer. Also, it can carry the news of your poor quality and no amount of promotion can restore your credibility. 
Water refilling stations are one of the most encouraging business nowadays. But just because it is common in your place, it does not mean you can no longer earn from it. Potable or clean water is one of our basic needs especially for drinking and for our food preparation. With pollutions that surrounds us nowadays, some people are no longer sure if tap water is safe and clean. This is the main reason why many are turning into water refilling station for drinking water in their homes.  If you are planning to engage in this kind of business, there are a lot of water companies that offer a franchise. All you need is a capital and of course a knowledge on how to run this business and earn eventually. Water refilling station is easy to operate anyway and the demand is stable.   Here are some tips to consider if you are planning for a water refilling business.  1. Location   It should be visible and accessible. It is also important to get a location where there is less competition. Choose a site that is heavy in foot traffic such as locations near schools, subdivisions, offices, clinics, and hospitals, plaza, parks or a place where there are many commercial establishments.  2. Promote Your Business  Promotion is important. Do not expect that customers will know your business without promoting it. Allocate a budget for promotion. Give freebies or discount to your loyal customer to keep them coming back. Also, evaluate your place for the best layout and design of your water station.  3. Maintain the good quality of your product  To do this, you should not neglect the regular maintenance of your equipment. Once you lose a customer due to the poor quality of your water, it is almost impossible to regain the trust. Make sure that every processed water are clean and clear. Always remember that the word of mouth is the most effective advertisement you will have if you offer the best quality and good service to your customer. Also, it can carry the news of your poor quality and no amount of promotion can restore your credibility.   4.  Hire The Right People For The Job  You cannot run this business alone. You will be needing workers depending on your customer's demand. Eventually, you will engage in water delivery services in households or offices near in your area so you will be needing a delivery man and a driver.  Make sure to hire hard working and easy to train staff to do the job. Also, take good care of your workers because they are the one that will help you in your business to prosper.  5. Register Your Business  Register your business to the nearest Department of Trade and Industry (DTI) in your area. With the nature of your business, it is important that you have documents to prove your legality. Make sure you will comply with all the requirements being asked to you such as sanitary survey and operational permit. Even the Department of Health warned consumer not to buy drinking water from water refilling stations that have no sanitation permit!
Read: 4 Top Pharmacy Open For Franchise In Your Area

4. Hire The Right People For The Job

You cannot run this business alone. You will be needing workers depending on your customer's demand. Eventually, you will engage in water delivery services in households or offices near in your area so you will be needing a delivery man and a driver. 

Make sure to hire hard working and easy to train staff to do the job. Also, take good care of your workers because they are the one that will help you in your business to prosper.
Water refilling stations are one of the most encouraging business nowadays. But just because it is common in your place, it does not mean you can no longer earn from it. Potable or clean water is one of our basic needs especially for drinking and for our food preparation. With pollutions that surrounds us nowadays, some people are no longer sure if tap water is safe and clean. This is the main reason why many are turning into water refilling station for drinking water in their homes.  If you are planning to engage in this kind of business, there are a lot of water companies that offer a franchise. All you need is a capital and of course a knowledge on how to run this business and earn eventually. Water refilling station is easy to operate anyway and the demand is stable.   Here are some tips to consider if you are planning for a water refilling business.  1. Location   It should be visible and accessible. It is also important to get a location where there is less competition. Choose a site that is heavy in foot traffic such as locations near schools, subdivisions, offices, clinics, and hospitals, plaza, parks or a place where there are many commercial establishments.  2. Promote Your Business  Promotion is important. Do not expect that customers will know your business without promoting it. Allocate a budget for promotion. Give freebies or discount to your loyal customer to keep them coming back. Also, evaluate your place for the best layout and design of your water station.  3. Maintain the good quality of your product  To do this, you should not neglect the regular maintenance of your equipment. Once you lose a customer due to the poor quality of your water, it is almost impossible to regain the trust. Make sure that every processed water are clean and clear. Always remember that the word of mouth is the most effective advertisement you will have if you offer the best quality and good service to your customer. Also, it can carry the news of your poor quality and no amount of promotion can restore your credibility.   4.  Hire The Right People For The Job  You cannot run this business alone. You will be needing workers depending on your customer's demand. Eventually, you will engage in water delivery services in households or offices near in your area so you will be needing a delivery man and a driver.  Make sure to hire hard working and easy to train staff to do the job. Also, take good care of your workers because they are the one that will help you in your business to prosper.  5. Register Your Business  Register your business to the nearest Department of Trade and Industry (DTI) in your area. With the nature of your business, it is important that you have documents to prove your legality. Make sure you will comply with all the requirements being asked to you such as sanitary survey and operational permit. Even the Department of Health warned consumer not to buy drinking water from water refilling stations that have no sanitation permit!
5. Register Your Business

Register your business to the nearest Department of Trade and Industry (DTI) in your area. With the nature of your business, it is important that you have documents to prove your legality. 

Make sure you will comply with all the requirements being asked to you such as sanitary survey and operational permit. Even the Department of Health warned consumer not to buy drinking water from water refilling stations that have no sanitation permit!
Water refilling stations are one of the most encouraging business nowadays. But just because it is common in your place, it does not mean you can no longer earn from it. Potable or clean water is one of our basic needs especially for drinking and for our food preparation. With pollutions that surrounds us nowadays, some people are no longer sure if tap water is safe and clean. This is the main reason why many are turning into water refilling station for drinking water in their homes.  If you are planning to engage in this kind of business, there are a lot of water companies that offer a franchise. All you need is a capital and of course a knowledge on how to run this business and earn eventually. Water refilling station is easy to operate anyway and the demand is stable.   Here are some tips to consider if you are planning for a water refilling business.  1. Location   It should be visible and accessible. It is also important to get a location where there is less competition. Choose a site that is heavy in foot traffic such as locations near schools, subdivisions, offices, clinics, and hospitals, plaza, parks or a place where there are many commercial establishments.  2. Promote Your Business  Promotion is important. Do not expect that customers will know your business without promoting it. Allocate a budget for promotion. Give freebies or discount to your loyal customer to keep them coming back. Also, evaluate your place for the best layout and design of your water station.  3. Maintain the good quality of your product  To do this, you should not neglect the regular maintenance of your equipment. Once you lose a customer due to the poor quality of your water, it is almost impossible to regain the trust. Make sure that every processed water are clean and clear. Always remember that the word of mouth is the most effective advertisement you will have if you offer the best quality and good service to your customer. Also, it can carry the news of your poor quality and no amount of promotion can restore your credibility.   4.  Hire The Right People For The Job  You cannot run this business alone. You will be needing workers depending on your customer's demand. Eventually, you will engage in water delivery services in households or offices near in your area so you will be needing a delivery man and a driver.  Make sure to hire hard working and easy to train staff to do the job. Also, take good care of your workers because they are the one that will help you in your business to prosper.  5. Register Your Business  Register your business to the nearest Department of Trade and Industry (DTI) in your area. With the nature of your business, it is important that you have documents to prove your legality. Make sure you will comply with all the requirements being asked to you such as sanitary survey and operational permit. Even the Department of Health warned consumer not to buy drinking water from water refilling stations that have no sanitation permit!
This article is filed under small business, water refilling business, business with small capital and investment.

SEE MORE:
Read: 10 Simple Tips to Manage Your Sari-Sari Store to Make It Successful
Many people believe that opening and starting a sari-sari store is an easy thing to do. But have you asked yourself a question why many sari-sari stores struggle to survive and eventually closed after a few months of opening? Many of us think that all we need is a capital in starting a sari-sari store. But honestly, money is not only we need. There are many things we have to consider in starting a sari-sari store and manage it successfully. If we run it well a sari-sari store is a good additional source of income for a family.  More Details Here: THOUGHTSKOTO https://www.jbsolis.com/2018/08/10-simple-tips-to-manage-your-sari-sari-store-to-make-it-successful.html#ixzz5RYQ6EexQ

©2018 THOUGHTSKOTO

Peso Seen To Further Weaken To Possible P58

The value of the Philippine Peso weakens at it may look bad for the local traders and importers but for the overseas Filipino workers, it means a higher amount equivalent for the remittances they send to their families back home. However, due to the high inflation rate which causes the prices of goods, services, and commodities shoot up, the remittances they expected to meet the needs of their families still fall short and would need an expert stretching to make it last until the next salary.
The value of the Philippine Peso weakens at it may look bad for the local traders and importers but for the overseas Filipino workers, it means a higher amount equivalent for the remittances they send to their families back home. However, due to the high inflation rate which causes the prices of goods, services, and commodities shoot up, the remittances they expected to meet the needs of their families still fall short and would need an expert stretching to make it last until the next salary.      Ads      Sponsored Links  The peso is seen to further weaken to P55 against the US dollar this year and would fall to P58 against the greenback next year on expectations that the trade-in-goods deficit will continue to widen due to the Duterte administration’s ambitious infrastructure program.    furthermore, the effect of the recent onslaught of Typhoon Mangkhut in the country was expected to further increase food prices even as its overall impact on the economy would be temporary.    “The lesson from previous natural disasters is that there is likely to be a short-term negative impact on the gross domestic product, followed by a rebound supported by reconstruction efforts. Perhaps a bigger worry from an economic perspective is that ‘Mangkhut’ damages agricultural production, leading to an increase in food prices. This would put further pressure on the Bangko Sentral ng Pilipinas to tighten monetary policy,” Capital Economics said.    Food prices were already soaring at the moment, with rice, fish, meat and vegetables accounting for 2.4 percentage points of the over nine-year high inflation rate of 6.4 percent in August.    As for the prevailing trade deficit, Capital Economics said it “renewed downward pressure on the peso over the past week, creating a further headache for the central bank.”    The latest government data showed that as of end-July, the balance of trade in goods further widened to a $22.49-billion deficit, 72.3-percent larger than the $13.06 billion recorded during the first seven months of last year.    From January to July, imports jumped 15.7 percent year-on-year to $61.23 billion, while merchandise exports declined 2.8 percent to $38.74 billion.    The wider trade deficit resulted into a ballooning current account deficit as more dollars were being spent for importation.    The BSP reported last Friday that the current account deficit climbed to $3.1 billion (equivalent to 1.9 percent of GDP) at the end of the first half from $133 million (0.1 percent of GDP) a year ago.    Market concerns on the current account deficit were major a cause of the peso’s depreciation. It breached the P54:$1 level last week, the weakest in almost 13 years.    The peso depreciated by nearly 8 percent year-to-date against the US dollar, which Capital Economics noted made it “one of the worst performing Asian currencies” so far this year.         Ads      Historically, the Philippine Peso reached its all-time high of 56.34 in October of 2004 and a record low of 37.84 in May of 1999.  Filed under the category of Philippine Peso, overseas Filipino workers,  remittances, high inflation rate,  prices of goods

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The peso is seen to further weaken to P55 against the US dollar this year and would fall to P58 against the greenback next year on expectations that the trade-in-goods deficit will continue to widen due to the Duterte administration’s ambitious infrastructure program.

furthermore, the effect of the recent onslaught of Typhoon Mangkhut in the country was expected to further increase food prices even as its overall impact on the economy would be temporary.

“The lesson from previous natural disasters is that there is likely to be a short-term negative impact on the gross domestic product, followed by a rebound supported by reconstruction efforts. Perhaps a bigger worry from an economic perspective is that ‘Mangkhut’ damages agricultural production, leading to an increase in food prices. This would put further pressure on the Bangko Sentral ng Pilipinas to tighten monetary policy,” Capital Economics said.

Food prices were already soaring at the moment, with rice, fish, meat and vegetables accounting for 2.4 percentage points of the over nine-year high inflation rate of 6.4 percent in August.

As for the prevailing trade deficit, Capital Economics said it “renewed downward pressure on the peso over the past week, creating a further headache for the central bank.”

The latest government data showed that as of end-July, the balance of trade in goods further widened to a $22.49-billion deficit, 72.3-percent larger than the $13.06 billion recorded during the first seven months of last year.

From January to July, imports jumped 15.7 percent year-on-year to $61.23 billion, while merchandise exports declined 2.8 percent to $38.74 billion.

The wider trade deficit resulted into a ballooning current account deficit as more dollars were being spent for importation.

The BSP reported last Friday that the current account deficit climbed to $3.1 billion (equivalent to 1.9 percent of GDP) at the end of the first half from $133 million (0.1 percent of GDP) a year ago.

Market concerns on the current account deficit were major a cause of the peso’s depreciation. It breached the P54:$1 level last week, the weakest in almost 13 years.

The peso depreciated by nearly 8 percent year-to-date against the US dollar, which Capital Economics noted made it “one of the worst performing Asian currencies” so far this year.



The value of the Philippine Peso weakens at it may look bad for the local traders and importers but for the overseas Filipino workers, it means a higher amount equivalent for the remittances they send to their families back home. However, due to the high inflation rate which causes the prices of goods, services, and commodities shoot up, the remittances they expected to meet the needs of their families still fall short and would need an expert stretching to make it last until the next salary.      Ads      Sponsored Links  The peso is seen to further weaken to P55 against the US dollar this year and would fall to P58 against the greenback next year on expectations that the trade-in-goods deficit will continue to widen due to the Duterte administration’s ambitious infrastructure program.    furthermore, the effect of the recent onslaught of Typhoon Mangkhut in the country was expected to further increase food prices even as its overall impact on the economy would be temporary.    “The lesson from previous natural disasters is that there is likely to be a short-term negative impact on the gross domestic product, followed by a rebound supported by reconstruction efforts. Perhaps a bigger worry from an economic perspective is that ‘Mangkhut’ damages agricultural production, leading to an increase in food prices. This would put further pressure on the Bangko Sentral ng Pilipinas to tighten monetary policy,” Capital Economics said.    Food prices were already soaring at the moment, with rice, fish, meat and vegetables accounting for 2.4 percentage points of the over nine-year high inflation rate of 6.4 percent in August.    As for the prevailing trade deficit, Capital Economics said it “renewed downward pressure on the peso over the past week, creating a further headache for the central bank.”    The latest government data showed that as of end-July, the balance of trade in goods further widened to a $22.49-billion deficit, 72.3-percent larger than the $13.06 billion recorded during the first seven months of last year.    From January to July, imports jumped 15.7 percent year-on-year to $61.23 billion, while merchandise exports declined 2.8 percent to $38.74 billion.    The wider trade deficit resulted into a ballooning current account deficit as more dollars were being spent for importation.    The BSP reported last Friday that the current account deficit climbed to $3.1 billion (equivalent to 1.9 percent of GDP) at the end of the first half from $133 million (0.1 percent of GDP) a year ago.    Market concerns on the current account deficit were major a cause of the peso’s depreciation. It breached the P54:$1 level last week, the weakest in almost 13 years.    The peso depreciated by nearly 8 percent year-to-date against the US dollar, which Capital Economics noted made it “one of the worst performing Asian currencies” so far this year.         Ads      Historically, the Philippine Peso reached its all-time high of 56.34 in October of 2004 and a record low of 37.84 in May of 1999.  Filed under the category of Philippine Peso, overseas Filipino workers,  remittances, high inflation rate,  prices of goods

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The value of the Philippine Peso weakens at it may look bad for the local traders and importers but for the overseas Filipino workers, it means a higher amount equivalent for the remittances they send to their families back home. However, due to the high inflation rate which causes the prices of goods, services, and commodities shoot up, the remittances they expected to meet the needs of their families still fall short and would need an expert stretching to make it last until the next salary.      Ads      Sponsored Links  The peso is seen to further weaken to P55 against the US dollar this year and would fall to P58 against the greenback next year on expectations that the trade-in-goods deficit will continue to widen due to the Duterte administration’s ambitious infrastructure program.    furthermore, the effect of the recent onslaught of Typhoon Mangkhut in the country was expected to further increase food prices even as its overall impact on the economy would be temporary.    “The lesson from previous natural disasters is that there is likely to be a short-term negative impact on the gross domestic product, followed by a rebound supported by reconstruction efforts. Perhaps a bigger worry from an economic perspective is that ‘Mangkhut’ damages agricultural production, leading to an increase in food prices. This would put further pressure on the Bangko Sentral ng Pilipinas to tighten monetary policy,” Capital Economics said.    Food prices were already soaring at the moment, with rice, fish, meat and vegetables accounting for 2.4 percentage points of the over nine-year high inflation rate of 6.4 percent in August.    As for the prevailing trade deficit, Capital Economics said it “renewed downward pressure on the peso over the past week, creating a further headache for the central bank.”    The latest government data showed that as of end-July, the balance of trade in goods further widened to a $22.49-billion deficit, 72.3-percent larger than the $13.06 billion recorded during the first seven months of last year.    From January to July, imports jumped 15.7 percent year-on-year to $61.23 billion, while merchandise exports declined 2.8 percent to $38.74 billion.    The wider trade deficit resulted into a ballooning current account deficit as more dollars were being spent for importation.    The BSP reported last Friday that the current account deficit climbed to $3.1 billion (equivalent to 1.9 percent of GDP) at the end of the first half from $133 million (0.1 percent of GDP) a year ago.    Market concerns on the current account deficit were major a cause of the peso’s depreciation. It breached the P54:$1 level last week, the weakest in almost 13 years.    The peso depreciated by nearly 8 percent year-to-date against the US dollar, which Capital Economics noted made it “one of the worst performing Asian currencies” so far this year.         Ads      Historically, the Philippine Peso reached its all-time high of 56.34 in October of 2004 and a record low of 37.84 in May of 1999.  Filed under the category of Philippine Peso, overseas Filipino workers,  remittances, high inflation rate,  prices of goods

Historically, the Philippine Peso reached its all-time high of 56.34 in October of 2004 and a record low of 37.84 in May of 1999.

Filed under the category of Philippine Peso, overseas Filipino workers,  remittances, high inflation rate,  prices of goods
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As a move to urge Filipinos and foreign businessmen to engage in doing business in the country, President Rodrigo Duterte signed the Ease of Doing Business and Efficient Government Service Delivery Act into law in May 2018. This new law sets a deadline for the government to quickly act on business applications, about three to five days for simple processes and seven to 10 days for complex ones. Even before the effectivity of this new law, the government had already been doing its part to make business registration for prospective entrepreneurs easier by making some application processes online.   As a move to urge Filipinos and foreign businessmen to engage in doing business in the country, President Rodrigo Duterte signed the Ease of Doing Business and Efficient Government Service Delivery Act into law in May 2018. This new law sets a deadline for the government to quickly act on business applications, about three to five days for simple processes and seven to 10 days for complex ones. Even before the effectivity of this new law, the government had already been doing its part to make business registration for prospective entrepreneurs easier by making some application processes online.      Ads      Sponsored Links      The Department of Trade and Industry (DTI)’s business name registration for single proprietors is among the first processes to become digitized.  The Philippine Business Registry (PBR), DTI’s business name registration system, has been made more accessible for single business owners since 2012.    A prospective entrepreneur is not anymore required to visit DTI offices to secure a Certificate of Business Registration. With the PBR website, the certificate can even be printed in the comfort of their own home.     Here are the steps you have to take to secure that certificate.    Check the availability of a business name  Before starting the registration process, it helps to check if the business name you have in mind is still available to use. At the PBR, one can easily type in the prospective business name and it will check the database if there are enterprises already using that trade name.    A word of advice: don’t just try to check the business name you are aiming for once. Try to modify your search to save time later on. For example, if you are thinking of putting up a business called “Juan dela Cruz Services,” modify your search and break down every part of the business name from just “Juan dela” to “Cruz Services.” Some business names just differ in spacing or spelling.    The DTI also reminds applicants to ensure that the business name isn’t similar to an existing trade name or trademark, such as “Anne Dok’s Lechon,” “Jolibee” and "Starbax Café.” On the other hand, names that are too generic, such as “The Coffee Shop” for your café, aren’t permissible, too.    Business owners also can’t use the abbreviation of a government agency or international organization.    Business name registration  Once you’ve verified that your prospective business name is still available for use, you can proceed to the business name application.    Once in the page, you will be required to choose the geographic scope of the enterprise: national, regional, city or town, and barangay. If you are keen on operating a business that will reach clients in different parts of the country—for example, an online shop—then it’s best to register your scope as nationwide. The fees will vary depending on the scope, ranging from Php200 to Php2,000.    Afterward, the business owner’s personal info will be required. You will only have to submit some basic details such as tax identification number, residence address and mobile number.    By this time, you’re done with the most tedious part of the online registration process. You may now choose whether to pay cash through either a local DTI office or Go Negosyo Center, or via an online payments system.    The PBR only accepts two kinds of online payments: Bancnet and GCash. If you have an online account with any bank, then paying through Bancnet is advisable. Otherwise, a GCash account may be needed to complete the transaction.    You also have the option whether to pick up your business certificate from a local DTI office or have it printed yourself.    Once the payment is complete, a message will be sent to your e-mail on how you will retrieve the certificate based on the method you selected. Most likely, the whole process will only require 15 to 30 minutes of your time.      Filed under the category of Filipinos, foreign businessmen, President Rodrigo Duterte, Ease of Doing Business and Efficient Government Service Delivery Act, business registration, entrepreneurs,  application processes online   Ads      Sponsored Links      The Department of Trade and Industry (DTI)’s business name registration for single proprietors is among the first processes to become digitized.  The Philippine Business Registry (PBR), DTI’s business name registration system, has been made more accessible for single business owners since 2012.    A prospective entrepreneur is not anymore required to visit DTI offices to secure a Certificate of Business Registration. With the PBR website, the certificate can even be printed in the comfort of their own home.     Here are the steps you have to take to secure that certificate.    Check the availability of a business name  Before starting the registration process, it helps to check if the business name you have in mind is still available to use. At the PBR, one can easily type in the prospective business name and it will check the database if there are enterprises already using that trade name.    A word of advice: don’t just try to check the business name you are aiming for once. Try to modify your search to save time later on. For example, if you are thinking of putting up a business called “Juan dela Cruz Services,” modify your search and break down every part of the business name from just “Juan dela” to “Cruz Services.” Some business names just differ in spacing or spelling.    The DTI also reminds applicants to ensure that the business name isn’t similar to an existing trade name or trademark, such as “Anne Dok’s Lechon,” “Jolibee” and "Starbax Café.” On the other hand, names that are too generic, such as “The Coffee Shop” for your café, aren’t permissible, too.    Business owners also can’t use the abbreviation of a government agency or international organization.    Business name registration  Once you’ve verified that your prospective business name is still available for use, you can proceed to the business name application.    Once in the page, you will be required to choose the geographic scope of the enterprise: national, regional, city or town, and barangay. If you are keen on operating a business that will reach clients in different parts of the country—for example, an online shop—then it’s best to register your scope as nationwide. The fees will vary depending on the scope, ranging from Php200 to Php2,000.    Afterward, the business owner’s personal info will be required. You will only have to submit some basic details such as tax identification number, residence address and mobile number.    By this time, you’re done with the most tedious part of the online registration process. You may now choose whether to pay cash through either a local DTI office or Go Negosyo Center, or via an online payments system.    The PBR only accepts two kinds of online payments: Bancnet and GCash. If you have an online account with any bank, then paying through Bancnet is advisable. Otherwise, a GCash account may be needed to complete the transaction.    You also have the option whether to pick up your business certificate from a local DTI office or have it printed yourself.    Once the payment is complete, a message will be sent to your e-mail on how you will retrieve the certificate based on the method you selected. Most likely, the whole process will only require 15 to 30 minutes of your time.      Filed under the category of Filipinos, foreign businessmen, President Rodrigo Duterte, Ease of Doing Business and Efficient Government Service Delivery Act, business registration, entrepreneurs,  application processes online  Ads    Update: The DTI online business registration is temporarily suspended due to systems upgrade and will notify the public when it is ready. The business owners are advised to proceed to the nearest DTI offices near your area. To download the application form for business registration, you may visit the DTI official website.
The Social Security System (SSS) has announced the new batch of loan condonation program or the loan restructuring program (LRP) whereas the members with delinquent status in paying their previous loan in a period of more than 6 months will be allowed to settle their accounts without paying any penalty. Overseas Filipino workers (OFWs) in the United Arab Emirates (UAE)who currently has current unpaid loans are urged to apply for the LRP until October 1.     Ads      Sponsored Links   SSS continues to encourage its members, including OFWs, to apply for loan restructuring program with penalty condonation especially OFWs who have short-term member loans including calamity, salary, educational, and emergency loans.  Under the program, members will no longer pay the additional penalties for the unsettled loans. Members only need to pay for the annual interest alongside the principal loan.  Payments can be done in whole or on a monthly basis as long as the payment terms will not exceed 5 years.  OFWs can apply for LRP in two ways: 1. If you are currently in the UAE, you can visit the SSS office located at the Philippine Consulate in Dubai and the Philippine Embassy in Abu Dhabi.  2. OFWs can also delegate their application to their authorized representative. Give them an authorization letter to process the application through the SSS office in the Philippines.    You can download the application form at the SSS official website.              Ads     Filed under the category of Social Security System , SSS, loan restructuring program, loan condonation program, Overseas Filipino workers, United Arab Emirates , loans
Being considered as modern-day heroes, government offices, as well as some private establishment, give different perks and privileges to overseas Filipino workers (OFW). Aside from the sacrifices they had to go through just to earn better by working abroad, OFWs are the breadwinners of their families back home and the major contributor to keep the Philippine economy afloat by sending their remittances. they deserve to be rewarded by these kinds of privileges.     Ads      Sponsored Links  Exemption on Fees It’s all because of the Overseas Employment Certificate or OEC. Being an OFW, specifically, a legitimate one means you will be exempted from various fees like airport terminal fee, travel tax, and documentary stamp tax.  Tax-Free Shopping at Duty-Free If you want to do some additional shopping before heading home, then the Duty-Free Philippines can be your partner. You can enjoy tax-free shopping within 15 days from the time you arrived so you can give pasalubong to your family, relatives, and friends.   Housing Loan from SSS or PAG-IBIG Are you thinking of buying a house or giving your existing home a much-needed renovation? SSS or PAG-IBIG can help you on this since they offer housing facilities at lower rates compared to banks and other lending institutions.  SSS offers Direct Housing Facility Loan for OFWs where you can loan for as much as P2 million and payable up to 15 years maximum. On the other hand, PAG-IBIG also offers a housing loan facility for OFWs where you can borrow as much as P6 million.   Free Language Courses at TESDA Yes, you read that right. TESDA Language Skills Institute offers free language training for Spanish, English, Japanese, Mandarin, and Arabic to help Filipinos become more equipped in terms of language. This will come in handy when you are headed to any of the countries that speak any of these languages as well as an advantage on your part as OFW.  If you plan to enroll, then make sure you register early because slots are limited. Nonetheless, OFWs are given priority, but it’s best to reserve your slot early. You can check TESDA website for further details about this program.    OWWA Benefits  The Overseas Workers Welfare Administration or OWWA is the agency that protects and promotes the welfare of OFWs and their dependents. In line with this, several benefits are being offered by the agency such as onsite assistance, livelihood trainings, education assistance for dependents, counseling, and legal assistance among others.   DFA Courtesy Lanes With the recent opening of passport renewal slots (86,889 New Slots in September!), you can now apply for your passport related concern without hassle. OFWs are given access to DFA Courtesy Lanes. You don’t need to even schedule an appointment online.   No OFWs will miss a job just because of delays in Passport Application. How good is that?   Low interest loans  There are loan programs from the banks that are tailored for OFWs and they are giving it for very low-interest rates and flexible tenures.   Flexible Investment scheme from SSS  SSS provides a program they called SSS Flexi-fund where OFWs can invest their excess contributions to earn dividends and they can withdraw it anytime they wish or when they finally decided to stay home for good.         Ads     Filed under the category of modern-day heroes, overseas Filipino workers, working abroad, OFW remittances
Food, shelter, and clothing are the basic necessities of human lives.  We can choose our lifestyle whatever we want like living in a simple yet safe home and wearing modest low-end clothing to save but the rising cost of food is a serious matter and we need to do something about it.  Imagine that you are earning just enough to pay your bills, mortgages and other household expenses and your company seldom give you a raise in your salary. Even the families of overseas Filipino workers (OFW) are finding it difficult to budget the remittances they receive due to inflation. Everything has increased its prices and you need to catch up.      Ads     Sponsored Links  Here are some practical tips to save money on food items.      Make A Shopping List And Stick to It  Planning your meals for the week and carefully selecting specific ingredients to buy can save a lot out of your food budget. With the list on hand, purchase only the items  you need to buy and avoid impulse buys.      Eat Before You Shop  When you are hungry and you walk into a building full of food, it is more likely that you are going to grab unnecessary and expensive items that appeal more to your palate than your pocket. It is highly advised that you eat first and shop.     Avoid Fastfoods   Ready-made meals are easy to buy but come with a cost. Instead of eating in fast food or restaurant, buy the ingredients and do it at home preparing the meal yourself. It could save you a lot and still keep the leftovers for the next meal.    Do Not bring Your Kids While Shopping  Every extra minute that you spend in the store increases the chances of you buying more and this includes toys and snacks meant to keep the kids behave while you try to focus on your hunt for a good bargain. Do not bring your kids with you while shopping to save time and money.      Buy in Bulk  Buying in bigger packaging can save you a lot. You can usually find great deals in buying a larger packaging. However, pay attention to your spending habits and consider your storage capacity.        Use Store Reward Cards And Coupons  Coupons provide an easy way to save money. There is no harm in clipping them and using them in purchasing foods, helping you save on your food shopping cost.       Buy locally produced foods  Locally grown or produced food is cheaper because you don't pay for long transportation costs. You also help local farmers and food producers meet their daily needs as well.   Compare Store Prices; Grab the cheapest  Have an assessment of which stores offers lower prices for particular food items and buy it from them. Some grocery stores have special prices for a specific item and they are not often applicable to other stores. Be aware of the price tags and grab it where it cost the lowest.   Look Down at the lower shelf  Most expensive items are usually displayed at eye-level. To find less expensive items, look down.     Avoid the Checkout Temptations  Beware of the displays placed at the end of each aisle. They often feature premium brands and they are placed there for a purpose.    Shop for Sales  Pay attention to sales on necessity items and stock up on non-perishables and freezer goods. Be mindful of the expiration date because most of the sale items are often near expiration dates.  Ads    Shop Infrequently  Reducing the number of trips that you make to the store each week or month reduces the chances of unnecessary purchases and minimizes the amount of transportation cost spent getting there.    Pay in Cash  Avoid using your credit card in purchasing food. If you don't pay off the card in full each month, you pay interest on the purchase. To avoid paying the extra cost, use cash when you shop.    Check Your Bill  Electronic scanners make the shopping experience faster and more convenient, however, scanners aren't foolproof. Take a look at the receipt to make sure your coupons and discounts were accurate.    In addition to this, try planting edible plants and vegetables and use it to save on your next food purchase. Having an organic vegetable garden in your yard lets you eat your favorite veggise for free.
Our country is now experiencing high inflation rate like its neighboring countries. The only thing is that, while other countries in the region like India, Malaysia, Thailand, Indonesia, etc., seems to recuperate with high inflation rates, we are just started to hit the peak.   The high inflation rate is so evident that even the families of overseas Filipino workers  (OFW) who used to catch up with their expenses using the remittances sent by the OFWs to pay their bills, mortgages etc., are now complaining of budget shortage due to high prices of food items, transportation, and basic commodities.   Recruitment and migration expert Emmanuel Geslani even advised the OFWs to send at least 20% more remittances in order for their families to cope up as the prices soar high.  Could it really help? How do we beat the high prices brought about by the inflation?    Ads     Sponsored Links    As we are all affected by high prices, there is a need for a concerted effort by all sectors to work together to beat inflation. This is not the challenge for the government alone. The private sector, media, and consumers alike must also pitch in. Expectations can only be calmed by a perspective view that this condition is temporary.      Keep a record of your spendings  Tracking your expenses by keeping a record and listing down your purchases. It will allow you to determine your average spendings. You can compare them and find out which will be your basis of a monthly allowance. Check out which month you spent the least and make it a reference for your preceding monthly budget plan.    Have a contingency budget of at least 10% every payday  Set aside at least 10%  from your monthly take-home pay for emergency purposes. Financial emergencies are inevitable and it is important that we are ready.    Watch your lifestyle  We often hear that we should not spend more than what we earn. Buying things that you need must be a priority over the things that you want.    Exercise frugality  Saving for the future benefit none other than yourself. The money you save today could save your life in the future. Everyone will come to their retirement but some of them will not retire well. Spending your money like there will be no tomorrow will render you broke on your retirement. As the inflation rate soar, buy only where you can save a lot like on sale items.    Keep your spending for needs only  Shopping for things you want but you don't really need could make the effect of the high inflation even worse.    Look for extra income  Even if you have a pretty decent take-home pay, having a side hustle will be a great help during this time where the prices of almost everything are rising. Having an extra income could help you beat the effects of the high inflation rate.    Invest  The best way to save is not by putting your money in the bank but to find a profitable investment to make your money grow. Over the years, with the right investments, your money will grow rapidly compared with just putting it into a savings deposit. However, be careful where you invest. Make sure you are putting your hard-earned money to legitimate investments.   Filed under the category of high inflation rate, India, Malaysia, Thailand, Indonesia, OFW, mortgages, transportation, Recruitment, migration.   Ads
©2018 THOUGHTSKOTO

Are You Willing to Increase Your SSS Contribution In Return Of 100 Days Maternity Leave?






House Bill 4113 or the 100 Day Maternity Leave Law and Senate Bill 1305 or the Expanded Maternity Bill are now both approved by the House of Representative and the Senate respectively. Both bills are proposing for the increased number of paid maternity leaves from the current number of 60 days for normal delivery while 78 days for caesarian birth.  House Bill 4113 is proposing for 100 days of maternity leave that may extend to another 30 days without pay while Senate Bill 1305 proposed a 120 days maternity leave regardless of delivery of birth and can be extended to another 30 days but without pay.  The House and the Senate still have to reconcile their versions of the bill before it can be submitted to President Rodrigo Duterte for signing into law.  But if the proposed bill becomes a law, the Social Security System (SSS) said, it needs to raise member's contribution rate to support an additional benefit for the increasing number of paid maternity leaves. According to Louie Sebastian, SSS assistant vice president for media affairs, that in the first half of 2018 alone, SSS released some P3.3 billion in maternity benefit payment. He said this amount will increase by 52% if the number of days of maternity leave will increase. Sebastian added that lawmakers should increase membership contribution to 11.3 percent from current 11 percent to raise funds for additional maternity benefit payment. He also warned that failure to do so will shorten the lifespan of the agency by a year to 2013. Under the provision of HB 4113, 100 days paid maternity leave will be granted to a pregnant female worker regardless of her civil status, the legitimacy of her child and whether she gave birth via caesarian section or natural delivery.  The same maternity leave would also be granted to female employees in every instance of pregnancy, miscarriage, or abortion, regardless of its frequency.
House Bill 4113 or the 100 Day Maternity Leave Law and Senate Bill 1305 or the Expanded Maternity Bill are now both approved by the House of Representative and the Senate respectively. Both bills are proposing for the increased number of paid maternity leaves from the current number of 60 days for normal delivery while 78 days for caesarian birth.

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House Bill 4113 is proposing for 100 days of maternity leave that may extend to another 30 days without pay while Senate Bill 1305 proposed a 120 days maternity leave regardless of delivery of birth and can be extended to another 30 days but without pay.

The House and the Senate still have to reconcile their versions of the bill before it can be submitted to President Rodrigo Duterte for signing into law.
But if the proposed bill becomes a law, the Social Security System (SSS) said, it needs to raise member's contribution rate to support an additional benefit for the increasing number of paid maternity leaves.

According to Louie Sebastian, SSS assistant vice president for media affairs, that in the first half of 2018 alone, SSS released some P3.3 billion in maternity benefit payment.

He said this amount will increase by 52% if the number of days of maternity leave will increase.
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Sebastian added that lawmakers should increase membership contribution to 11.3 percent from current 11 percent to raise funds for additional maternity benefit payment.

He also warned that failure to do so will shorten the lifespan of the agency by a year to 2013.

Under the provision of HB 4113, 100 days paid maternity leave will be granted to a pregnant female worker regardless of her civil status, the legitimacy of her child and whether she gave birth via caesarian section or natural delivery.
The same maternity leave would also be granted to female employees in every instance of pregnancy, miscarriage, or abortion, regardless of its frequency.

This article is filed under maternity leave, leave with pay, expanded maternity leave, house bill, senate bill, paid maternity leaves and maternity benefits.

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First time or not, it is important that you know the do's and don'ts in airport luggage and packing for a hassle-free travel. With promo fares from different airlines in the Philippines, number or air passengers increase, year after year. To make sure you are packing things that are allowed to pass under airport security check, we've compiled the list of what is and isn't allowed, both in your carry on and check-in luggage. This is base on baggage rules of Philippine Airlines, Cebu Pacific and Air Asia — three major airline that is operating in the Philippines.  Ads    Philippine Airlines     The following things are considered to be dangerous goods and are not allowed, both in your checked-in or carry on baggage.    Corrosive Battery Gases/LPG/Camp Stove Flammable Liquid Paints Radioactive Materials Infectious Substances Blood Lighters and Matches Magnetized Materials Oxidizing Material or Paint Stripper Organic Peroxides or Bleach Explosive or Fireworks Toxic Substance            With regards to liquids, aerosols, and gels (LAGs), passengers are advised to comply with the restrictions  The container cannot be more than 100ml LAGs must be placed inside a sealed, transparent and resealable 1-liter bag. Only one bag per person is allowed Ensure bag is clearly visible in the tray. The following are not allowed to be carried in the cabin. These items must be put in the checked-in baggage:  Nail cutters, swiss knives, scissors, any bladed items or sharp objects Umbrellas of any type Bicycle chains and jacks or other similar items Lighters, which contain “butane” as well as matches, are prohibited in both hand-carried and checked baggage Zippo lighters can be checked in or hand-carried as long as it is completely drained of its fluid Liquids, aerosols, and gels (LAGs) in 100ml or less are the only ones allowed in hand-carried baggage.  LAGs must be placed in containers less than 100ml and must be secured in airtight plastic bags as changes in cabin pressure may cause even well-sealed items to leak All kinds of adhesive tape (masking / packing / scotch / duct / electrical / rubber) Sponsored Links    Security Removed Items     These items are not allowed for carry-on baggage or in the sterile area of the airport  Firearms — Pistols, Revolvers, Ammunitions, Toy Guns and Replicas, Pellet Guns, Rifles, etc.  Stunning Device — Stun Guns and Batons, Animal Stunners and Killers, Gases and Sprays, etc Sharp Objects — Axes, Hatches, Ice Picks, Razor Blades, Knives and Scissors with Blades more than 6cm, Swords, Sabres etc. Worker's Tools — Crowbars, Drills, and Drills Bits, Saws, Blowtorches, etc. Blunt Instrument — Baseball and Softball Bats, Clubs and Batons such as billy clubs, blackjacks and night sticks, Martial Arts Equipments Explosives — Blasting Caps, Detonators, and Fuses, Replica Explosive Devices, Grenades, Pyrotechnics, Fireworks, etc. Liquid, Aerosols, and Gels— Water, Sauce, Lotions, Oils, Perfumes, Sprays, Toothpaste, Shower gels, etc. Ads    When traveling always remember to pack important things in your carry on luggage in case of delayed flight or your luggage goes missing or lost during your flight. The following things should be in your hand-carry baggage!  Cash, traveler's cheques, all credit cards, and any important business or personal documents Medications should always be kept in your carry on baggage, in case of an emergency, and in case of lost luggage. Electronics such as cellphone, tablet, laptops, and small cameras Jewelry Before your flight, make sure you already check your luggage size. If you choose to have a hand-carry baggage make sure you can lift it into the overhead bin. Always remember to put all money, valuables and travel documents in your carry on luggage. Passengers are also advised to pack a pair of clothes in their carry on baggage in case of flight delays, lost or missing baggage.

Starting September 11, 2018, the implementation of Saudization to 12 different jobs in Saudi Arabia will come into effect. Under the Saudization, Saudi nationals will replace expatriate workers in 12 occupations within five months period starting this month.   According to Saudi Press Agency (SPA), the first phase of the latest Saudization drive will cover the following sectors; 1. Car and motorcycle shops 2. Clothing stores and children's clothing 3. Men's accessories 4. Home and office furniture and household utensils Implementation of the Saudization program to the above mention sector will take effect on September 11, 2018, as the first phase.  The second phase that will be implemented two months later, presumably in the month of November will include the following; 5. Watch shops and eyeglass shops 6. Electrical Appliances 7. Electronic shops  The third phase that will be implemented in mid-January will target the following; 8. Medical Equipment Store 9. Construction Materials Shops 10. Auto-spare parts shop 11. Carpet Shops of all kinds 12. Confectionary shops  Saudization of these 12 jobs was first announced in January base on a decree from Minister of Labor and Social Development that limit work in these fields to Saudi men and women in the start of New Hijri Year. Saudization aims to empower men and women citizens of the Kingdom through employment opportunities and boosting their participation in the private sector.


The Kingdom of Saudi Arabia wants to open more job opportunities for its local citizen with an aim to cut down unemployment and create more jobs for their qualified residents. According to Shoura Council member Saeed Bin Qasim Al-Khaldi Al-Maliki, there is a need to open more job opportunities for their own nationals and lessen the expat-dependency especially in health and education sector where there are 60,000 jobs occupied by expats!  "We should not depend on these jobs on the non-Saudis forever while we have qualified Saudis who are capable of doing perfectly the jobs not only in these two sectors but in all other fields," he said.  With this, he is pushing for nationalization of educational jobs in Saudi Universities. He added, there are many Saudis with Masters and Ph.D. degrees who can take over the jobs of many foreigners.  According to Al-Maliki, there were 60,000 jobs in the sector of education and health currently occupied by foreigners. These jobs he said, is open for nationalization. Aside from this, he said that there are 41,000 non-Saudis being employed by the government and the Kingdom should not depend on expats in terms of its local employment.  Al-Maliki confirms that there are a large number of qualified Saudis who are capable of working in the health sector. This plan is a part of Saudi's Vission 2030 that seeks to reduce the overall unemployment rate from 11.6% to 7%, overhaul the education system and increase the female participation rate from 22% of the workforce to 30%. Part of this is to create 450,000 new jobs for Saudis by 2020.


©2018 THOUGHTSKOTO

Tuesday, September 18, 2018

How Do We Beat Inflation?

Our country is now experiencing high inflation rate like its neighboring countries. The only thing is that, while other countries in the region like India, Malaysia, Thailand, Indonesia, etc., seems to recuperate with high inflation rates, we are just started to hit the peak. 
The high inflation rate is so evident that even the families of overseas Filipino workers  (OFW) who used to catch up with their expenses using the remittances sent by the OFWs to pay their bills, mortgages etc., are now complaining of budget shortage due to high prices of food items, transportation, and basic commodities. 
Recruitment and migration expert Emmanuel Geslani even advised the OFWs to send at least 20% more remittances in order for their families to cope up as the prices soar high.
Could it really help? How do we beat the high prices brought about by the inflation?
Our country is now experiencing high inflation rate like its neighboring countries. The only thing is that, while other countries in the region like India, Malaysia, Thailand, Indonesia, etc., seems to recuperate with high inflation rates, we are just started to hit the peak.   The high inflation rate is so evident that even the families of overseas Filipino workers  (OFW) who used to catch up with their expenses using the remittances sent by the OFWs to pay their bills, mortgages etc., are now complaining of budget shortage due to high prices of food items, transportation, and basic commodities.   Recruitment and migration expert Emmanuel Geslani even advised the OFWs to send at least 20% more remittances in order for their families to cope up as the prices soar high.  Could it really help? How do we beat the high prices brought about by the inflation?    Ads     Sponsored Links    As we are all affected by high prices, there is a need for a concerted effort by all sectors to work together to beat inflation. This is not the challenge for the government alone. The private sector, media, and consumers alike must also pitch in. Expectations can only be calmed by a perspective view that this condition is temporary.      Keep a record of your spendings  Tracking your expenses by keeping a record and listing down your purchases. It will allow you to determine your average spendings. You can compare them and find out which will be your basis of a monthly allowance. Check out which month you spent the least and make it a reference for your preceding monthly budget plan.    Have a contingency budget of at least 10% every payday  Set aside at least 10%  from your monthly take-home pay for emergency purposes. Financial emergencies are inevitable and it is important that we are ready.    Watch your lifestyle  We often hear that we should not spend more than what we earn. Buying things that you need must be a priority over the things that you want.    Exercise frugality  Saving for the future benefit none other than yourself. The money you save today could save your life in the future. Everyone will come to their retirement but some of them will not retire well. Spending your money like there will be no tomorrow will render you broke on your retirement. As the inflation rate soar, buy only where you can save a lot like on sale items.    Keep your spending for needs only  Shopping for things you want but you don't really need could make the effect of the high inflation even worse.    Look for extra income  Even if you have a pretty decent take-home pay, having a side hustle will be a great help during this time where the prices of almost everything are rising. Having an extra income could help you beat the effects of the high inflation rate.    Invest  The best way to save is not by putting your money in the bank but to find a profitable investment to make your money grow. Over the years, with the right investments, your money will grow rapidly compared with just putting it into a savings deposit. However, be careful where you invest. Make sure you are putting your hard-earned money to legitimate investments.   Filed under the category of high inflation rate, India, Malaysia, Thailand, Indonesia, OFW, mortgages, transportation, Recruitment, migration.   Ads
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Sponsored Links


As we are all affected by high prices, there is a need for a concerted effort by all sectors to work together to beat inflation. This is not the challenge for the government alone. The private sector, media, and consumers alike must also pitch in. Expectations can only be calmed by a perspective view that this condition is temporary.



Keep a record of your spendings
Tracking your expenses by keeping a record and listing down your purchases. It will allow you to determine your average spendings. You can compare them and find out which will be your basis of a monthly allowance. Check out which month you spent the least and make it a reference for your preceding monthly budget plan.


Have a contingency budget of at least 10% every payday

Set aside at least 10%  from your monthly take-home pay for emergency purposes. Financial emergencies are inevitable and it is important that we are ready.

Watch your lifestyle
We often hear that we should not spend more than what we earn. Buying things that you need must be a priority over the things that you want.


Exercise frugality
Saving for the future benefit none other than yourself. The money you save today could save your life in the future. Everyone will come to their retirement but some of them will not retire well. Spending your money like there will be no tomorrow will render you broke on your retirement. As the inflation rate soar, buy only where you can save a lot like on sale items.

Keep your spending for needs only
Shopping for things you want but you don't really need could make the effect of the high inflation even worse.

Look for extra income
Even if you have a pretty decent take-home pay, having a side hustle will be a great help during this time where the prices of almost everything are rising. Having an extra income could help you beat the effects of the high inflation rate.

Invest
The best way to save is not by putting your money in the bank but to find a profitable investment to make your money grow. Over the years, with the right investments, your money will grow rapidly compared with just putting it into a savings deposit. However, be careful where you invest. Make sure you are putting your hard-earned money to legitimate investments.

Filed under the category of high inflation rate, India, Malaysia, Thailand, Indonesia, OFW, mortgages, transportation, Recruitment, migration. 
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As a move to urge Filipinos and foreign businessmen to engage in doing business in the country, President Rodrigo Duterte signed the Ease of Doing Business and Efficient Government Service Delivery Act into law in May 2018. This new law sets a deadline for the government to quickly act on business applications, about three to five days for simple processes and seven to 10 days for complex ones. Even before the effectivity of this new law, the government had already been doing its part to make business registration for prospective entrepreneurs easier by making some application processes online.   As a move to urge Filipinos and foreign businessmen to engage in doing business in the country, President Rodrigo Duterte signed the Ease of Doing Business and Efficient Government Service Delivery Act into law in May 2018. This new law sets a deadline for the government to quickly act on business applications, about three to five days for simple processes and seven to 10 days for complex ones. Even before the effectivity of this new law, the government had already been doing its part to make business registration for prospective entrepreneurs easier by making some application processes online.      Ads      Sponsored Links      The Department of Trade and Industry (DTI)’s business name registration for single proprietors is among the first processes to become digitized.  The Philippine Business Registry (PBR), DTI’s business name registration system, has been made more accessible for single business owners since 2012.    A prospective entrepreneur is not anymore required to visit DTI offices to secure a Certificate of Business Registration. With the PBR website, the certificate can even be printed in the comfort of their own home.     Here are the steps you have to take to secure that certificate.    Check the availability of a business name  Before starting the registration process, it helps to check if the business name you have in mind is still available to use. At the PBR, one can easily type in the prospective business name and it will check the database if there are enterprises already using that trade name.    A word of advice: don’t just try to check the business name you are aiming for once. Try to modify your search to save time later on. For example, if you are thinking of putting up a business called “Juan dela Cruz Services,” modify your search and break down every part of the business name from just “Juan dela” to “Cruz Services.” Some business names just differ in spacing or spelling.    The DTI also reminds applicants to ensure that the business name isn’t similar to an existing trade name or trademark, such as “Anne Dok’s Lechon,” “Jolibee” and "Starbax Café.” On the other hand, names that are too generic, such as “The Coffee Shop” for your café, aren’t permissible, too.    Business owners also can’t use the abbreviation of a government agency or international organization.    Business name registration  Once you’ve verified that your prospective business name is still available for use, you can proceed to the business name application.    Once in the page, you will be required to choose the geographic scope of the enterprise: national, regional, city or town, and barangay. If you are keen on operating a business that will reach clients in different parts of the country—for example, an online shop—then it’s best to register your scope as nationwide. The fees will vary depending on the scope, ranging from Php200 to Php2,000.    Afterward, the business owner’s personal info will be required. You will only have to submit some basic details such as tax identification number, residence address and mobile number.    By this time, you’re done with the most tedious part of the online registration process. You may now choose whether to pay cash through either a local DTI office or Go Negosyo Center, or via an online payments system.    The PBR only accepts two kinds of online payments: Bancnet and GCash. If you have an online account with any bank, then paying through Bancnet is advisable. Otherwise, a GCash account may be needed to complete the transaction.    You also have the option whether to pick up your business certificate from a local DTI office or have it printed yourself.    Once the payment is complete, a message will be sent to your e-mail on how you will retrieve the certificate based on the method you selected. Most likely, the whole process will only require 15 to 30 minutes of your time.      Filed under the category of Filipinos, foreign businessmen, President Rodrigo Duterte, Ease of Doing Business and Efficient Government Service Delivery Act, business registration, entrepreneurs,  application processes online   Ads      Sponsored Links      The Department of Trade and Industry (DTI)’s business name registration for single proprietors is among the first processes to become digitized.  The Philippine Business Registry (PBR), DTI’s business name registration system, has been made more accessible for single business owners since 2012.    A prospective entrepreneur is not anymore required to visit DTI offices to secure a Certificate of Business Registration. With the PBR website, the certificate can even be printed in the comfort of their own home.     Here are the steps you have to take to secure that certificate.    Check the availability of a business name  Before starting the registration process, it helps to check if the business name you have in mind is still available to use. At the PBR, one can easily type in the prospective business name and it will check the database if there are enterprises already using that trade name.    A word of advice: don’t just try to check the business name you are aiming for once. Try to modify your search to save time later on. For example, if you are thinking of putting up a business called “Juan dela Cruz Services,” modify your search and break down every part of the business name from just “Juan dela” to “Cruz Services.” Some business names just differ in spacing or spelling.    The DTI also reminds applicants to ensure that the business name isn’t similar to an existing trade name or trademark, such as “Anne Dok’s Lechon,” “Jolibee” and "Starbax Café.” On the other hand, names that are too generic, such as “The Coffee Shop” for your café, aren’t permissible, too.    Business owners also can’t use the abbreviation of a government agency or international organization.    Business name registration  Once you’ve verified that your prospective business name is still available for use, you can proceed to the business name application.    Once in the page, you will be required to choose the geographic scope of the enterprise: national, regional, city or town, and barangay. If you are keen on operating a business that will reach clients in different parts of the country—for example, an online shop—then it’s best to register your scope as nationwide. The fees will vary depending on the scope, ranging from Php200 to Php2,000.    Afterward, the business owner’s personal info will be required. You will only have to submit some basic details such as tax identification number, residence address and mobile number.    By this time, you’re done with the most tedious part of the online registration process. You may now choose whether to pay cash through either a local DTI office or Go Negosyo Center, or via an online payments system.    The PBR only accepts two kinds of online payments: Bancnet and GCash. If you have an online account with any bank, then paying through Bancnet is advisable. Otherwise, a GCash account may be needed to complete the transaction.    You also have the option whether to pick up your business certificate from a local DTI office or have it printed yourself.    Once the payment is complete, a message will be sent to your e-mail on how you will retrieve the certificate based on the method you selected. Most likely, the whole process will only require 15 to 30 minutes of your time.      Filed under the category of Filipinos, foreign businessmen, President Rodrigo Duterte, Ease of Doing Business and Efficient Government Service Delivery Act, business registration, entrepreneurs,  application processes online  Ads    Update: The DTI online business registration is temporarily suspended due to systems upgrade and will notify the public when it is ready. The business owners are advised to proceed to the nearest DTI offices near your area. To download the application form for business registration, you may visit the DTI official website.
The Social Security System (SSS) has announced the new batch of loan condonation program or the loan restructuring program (LRP) whereas the members with delinquent status in paying their previous loan in a period of more than 6 months will be allowed to settle their accounts without paying any penalty. Overseas Filipino workers (OFWs) in the United Arab Emirates (UAE)who currently has current unpaid loans are urged to apply for the LRP until October 1.     Ads      Sponsored Links   SSS continues to encourage its members, including OFWs, to apply for loan restructuring program with penalty condonation especially OFWs who have short-term member loans including calamity, salary, educational, and emergency loans.  Under the program, members will no longer pay the additional penalties for the unsettled loans. Members only need to pay for the annual interest alongside the principal loan.  Payments can be done in whole or on a monthly basis as long as the payment terms will not exceed 5 years.  OFWs can apply for LRP in two ways: 1. If you are currently in the UAE, you can visit the SSS office located at the Philippine Consulate in Dubai and the Philippine Embassy in Abu Dhabi.  2. OFWs can also delegate their application to their authorized representative. Give them an authorization letter to process the application through the SSS office in the Philippines.    You can download the application form at the SSS official website.              Ads     Filed under the category of Social Security System , SSS, loan restructuring program, loan condonation program, Overseas Filipino workers, United Arab Emirates , loans
Being considered as modern-day heroes, government offices, as well as some private establishment, give different perks and privileges to overseas Filipino workers (OFW). Aside from the sacrifices they had to go through just to earn better by working abroad, OFWs are the breadwinners of their families back home and the major contributor to keep the Philippine economy afloat by sending their remittances. they deserve to be rewarded by these kinds of privileges.     Ads      Sponsored Links  Exemption on Fees It’s all because of the Overseas Employment Certificate or OEC. Being an OFW, specifically, a legitimate one means you will be exempted from various fees like airport terminal fee, travel tax, and documentary stamp tax.  Tax-Free Shopping at Duty-Free If you want to do some additional shopping before heading home, then the Duty-Free Philippines can be your partner. You can enjoy tax-free shopping within 15 days from the time you arrived so you can give pasalubong to your family, relatives, and friends.   Housing Loan from SSS or PAG-IBIG Are you thinking of buying a house or giving your existing home a much-needed renovation? SSS or PAG-IBIG can help you on this since they offer housing facilities at lower rates compared to banks and other lending institutions.  SSS offers Direct Housing Facility Loan for OFWs where you can loan for as much as P2 million and payable up to 15 years maximum. On the other hand, PAG-IBIG also offers a housing loan facility for OFWs where you can borrow as much as P6 million.   Free Language Courses at TESDA Yes, you read that right. TESDA Language Skills Institute offers free language training for Spanish, English, Japanese, Mandarin, and Arabic to help Filipinos become more equipped in terms of language. This will come in handy when you are headed to any of the countries that speak any of these languages as well as an advantage on your part as OFW.  If you plan to enroll, then make sure you register early because slots are limited. Nonetheless, OFWs are given priority, but it’s best to reserve your slot early. You can check TESDA website for further details about this program.    OWWA Benefits  The Overseas Workers Welfare Administration or OWWA is the agency that protects and promotes the welfare of OFWs and their dependents. In line with this, several benefits are being offered by the agency such as onsite assistance, livelihood trainings, education assistance for dependents, counseling, and legal assistance among others.   DFA Courtesy Lanes With the recent opening of passport renewal slots (86,889 New Slots in September!), you can now apply for your passport related concern without hassle. OFWs are given access to DFA Courtesy Lanes. You don’t need to even schedule an appointment online.   No OFWs will miss a job just because of delays in Passport Application. How good is that?   Low interest loans  There are loan programs from the banks that are tailored for OFWs and they are giving it for very low-interest rates and flexible tenures.   Flexible Investment scheme from SSS  SSS provides a program they called SSS Flexi-fund where OFWs can invest their excess contributions to earn dividends and they can withdraw it anytime they wish or when they finally decided to stay home for good.         Ads     Filed under the category of modern-day heroes, overseas Filipino workers, working abroad, OFW remittances
Food, shelter, and clothing are the basic necessities of human lives.  We can choose our lifestyle whatever we want like living in a simple yet safe home and wearing modest low-end clothing to save but the rising cost of food is a serious matter and we need to do something about it.  Imagine that you are earning just enough to pay your bills, mortgages and other household expenses and your company seldom give you a raise in your salary. Even the families of overseas Filipino workers (OFW) are finding it difficult to budget the remittances they receive due to inflation. Everything has increased its prices and you need to catch up.      Ads     Sponsored Links  Here are some practical tips to save money on food items.      Make A Shopping List And Stick to It  Planning your meals for the week and carefully selecting specific ingredients to buy can save a lot out of your food budget. With the list on hand, purchase only the items  you need to buy and avoid impulse buys.      Eat Before You Shop  When you are hungry and you walk into a building full of food, it is more likely that you are going to grab unnecessary and expensive items that appeal more to your palate than your pocket. It is highly advised that you eat first and shop.     Avoid Fastfoods   Ready-made meals are easy to buy but come with a cost. Instead of eating in fast food or restaurant, buy the ingredients and do it at home preparing the meal yourself. It could save you a lot and still keep the leftovers for the next meal.    Do Not bring Your Kids While Shopping  Every extra minute that you spend in the store increases the chances of you buying more and this includes toys and snacks meant to keep the kids behave while you try to focus on your hunt for a good bargain. Do not bring your kids with you while shopping to save time and money.      Buy in Bulk  Buying in bigger packaging can save you a lot. You can usually find great deals in buying a larger packaging. However, pay attention to your spending habits and consider your storage capacity.        Use Store Reward Cards And Coupons  Coupons provide an easy way to save money. There is no harm in clipping them and using them in purchasing foods, helping you save on your food shopping cost.       Buy locally produced foods  Locally grown or produced food is cheaper because you don't pay for long transportation costs. You also help local farmers and food producers meet their daily needs as well.   Compare Store Prices; Grab the cheapest  Have an assessment of which stores offers lower prices for particular food items and buy it from them. Some grocery stores have special prices for a specific item and they are not often applicable to other stores. Be aware of the price tags and grab it where it cost the lowest.   Look Down at the lower shelf  Most expensive items are usually displayed at eye-level. To find less expensive items, look down.     Avoid the Checkout Temptations  Beware of the displays placed at the end of each aisle. They often feature premium brands and they are placed there for a purpose.    Shop for Sales  Pay attention to sales on necessity items and stock up on non-perishables and freezer goods. Be mindful of the expiration date because most of the sale items are often near expiration dates.  Ads    Shop Infrequently  Reducing the number of trips that you make to the store each week or month reduces the chances of unnecessary purchases and minimizes the amount of transportation cost spent getting there.    Pay in Cash  Avoid using your credit card in purchasing food. If you don't pay off the card in full each month, you pay interest on the purchase. To avoid paying the extra cost, use cash when you shop.    Check Your Bill  Electronic scanners make the shopping experience faster and more convenient, however, scanners aren't foolproof. Take a look at the receipt to make sure your coupons and discounts were accurate.    In addition to this, try planting edible plants and vegetables and use it to save on your next food purchase. Having an organic vegetable garden in your yard lets you eat your favorite veggise for free.
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