January 9th, 2009
President Gloria Macapagal-Arroyo signed on December 24, 2008, Proclamation 1699 that lays out the holiday schedule for this year. The president advocates holiday economics, which switches holidays around against their intended dates, closer to the weekend so as to boost local tourism and improve family ties.
It is good practice for businesses to always plan for the holidays so that one can better maximize their profits and reduce their cost.
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January 8th, 2009
Barely out of the gate of 2008, December’s holiday cheer was greeted with January’s dim news of companies announcing their round of job cuts.
This is on top of the job cuts already announced last December.
January 2nd, 2009
It’s nice to see, that despite the economic downturn, the health sector is still showing increased demand for health workers. Particularly nurses.
Last month’s Philippine nursing exam takers numbered 90,000. As a nursing professional you can’t help but worry if there are jobs that are waiting for you after you have completed your studies and passed your professional exam.
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December 30th, 2008
A president of a real estate company once told me that business is a cycle, she said that there are times you are up and there are times you are down.
During an up cycle one must invest wisely and store up for the next down turn because bad times always follow good times. Having survived the Asian financial crisis of 1998, where real estate companies floundered when the markets corrected themselves, there is indeed gold in her words. Of course one reason they survived was because they had other investments not related to real estate.
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July 1st, 2008
Well if you think your business was bad during the first half of 2008, welcome to the club. Was watching CNN and they said that stock markets set all time record lows during the first half of 2008. The US Dow went down by 14%, which is 4% more than what was experienced during the great depression of the 30’s. Shanghai stock market went far worse as its value sank by 48%. So yes Virginia, we are in a global depression.
Oil didn’t even wait for the half to end as it shot to an all record $140/barrel last week. Oil is in the spot light right now. Despite announcement by Saudi Arabia that they would be increasing output by 500,000 barrels, the oil price still continued to skyrocket.
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