In the Philippines, a 13th month pay is a mandatory benefit granted to employees under Presidential Decree No. 851. It is an additional month’s salary that should be paid to employees on top of their regular 12 months’ salary. The 13th month pay is typically given in December, before Christmas and other year-end celebrations, but…
Ever wonder if your employer made it on LinkedIn’s list of top companies to work for in the Philippines this year? LinkedIn has ranked the top 15 companies in the Philippines in 2022 based on the merits of employers through its own data and research. Companies have been ranked in terms of offering stability in…
Beyond using cash payments, Filipinos are now becoming more comfortable using digital payment options to settle bills and pay for merchandise. This cashless ecosystem empowers both the buying public and businesses to rely less on bills and coins, which occasionally deal with issues such as damage, counterfeiting, or being out of circulation. The COVID-19 pandemic…
Restaurants and dining places play a crucial role in a community. From an economic perspective, restaurants generate jobs and contribute to the local government’s tax revenue. But more than the fiscal benefits any local business brings, restaurants also help a sense of togetherness. Couples go there for a dinner date, families gather there after church…
A refrigerator has become a key component in many businesses in the Philippines. Sari-sari stores, carinderias, and canteens often require this storage facility. Here’s our refrigerator buying guide. But choosing a suitable fridge might not be an easy task. There are so many fridge models that offer various features to match with needs of every business out there. Do…
A refrigerator has become a key component in many businesses in the Philippines. Sari-sari stores, carinderias, and canteens often require this storage facility. Here’s our refrigerator-buying guide. But choosing a suitable fridge might not be an easy task. There are so many fridge models that offer various features to match the needs of every business out there. Do you…
In order to attract foreign investment, the Philippine government is extending certain incentives to international companies who wish to expand their business in the country. PEZA application is then required for foreign businesses to avail of such privileges. Incentives and sweeteners for eligible companies include exemption of payment of certain taxes, import duties or other…
Businesses seeking to establish presence and operations in the Philippines are required to register with government agencies. This includes local businesses initiated by Filipino citizens or foreign entrepreneurs who wish to invest in their business to target the Philippine market. A prominent agency involved in the operation of your business in the Philippines is the…
You may be on either or both sides of the situation: the accidental creditor who lends someone money you’re supposed to spend on something else OR the person in distress and wants to borrow money for a particular need. For most people, asking someone — a friend or a family relative — to loan money…
Debt payment can be a complicated thing. You may be on either or both sides of the situation: the accidental creditor who lends someone money you’re supposed to spend on something else OR the person in distress and wants to borrow money for a particular need. For most people, asking someone — a friend or…