...borrow from the bank, the disadvantage however is that you have to pay it back, and what people don't realize is that the bank adds interest to the overall payment if you pay it over a period of time which is not in the month requested by the bank. Money is a peculiar thing that life seems to be centered around. You need money to buy things, both necessities and desirables. You work to earn money and need money to get to work. You need money to travel and visit new places. You even need money to receive prescriptions for health. Before you sign up for a credit card or bank loan, there are some questions you need to answer before you borrow money. You should ask yourself if you need to spend the money, if you have other ways of financing the purchase and if you can afford to pay back the money you’re planning to borrow. Borrowing money becomes a problem if you borrow too much – that is, more than you can afford. It’s a problem if you borrow to where you can’t do other things or if you need to borrow to pay your regular monthly expenses. Just like your own money, you have to stay in control of the money you borrow from others. Borrowing money doesn’t have to be a bad thing. It can help. Borrowing just has to be done wisely, managed well, and held to a limit you can afford. I. History Land Bank of the Philippines (Filipino: BangkosaLupangPilipinas), also known as LANDBANK or by its initials, LBP, is a universal bank in the Philippines owned by the Philippine government with...
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...ALLOYON let me extend our over whelming thanks giving and our deepest gratitude and appreciation. I would like also to express my gratitude towards to my parents who gave us a support, of giving us money to work on this assignment. Let me give my greatest and deepest gratitude to all of my Classmates, Sir, Ma’am, thank you very much. INTRODUCTION Why do we need to borrow money? There a numerous reasons for the borrowing of money but common ones are; home loans, purchasing of cars, insurance, purchasing of business companies etc. People borrow money in general because they either can’t afford something or they have no money in cash, so they borrow from the bank, the disadvantage however is that you have to pay it back, and what people don't realize is that the bank adds interest to the overall payment if you pay it over a period of time which is not in the month requested by the...
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...Economic Warfare: Philippines Offered $500 Million in Aid Andrew V. Pontbriand Activist Post The World Bank is offering the Philippines $500 Million in the form of a loan. Benevolence or a chance to own more land, people, and resources? The recent Typhoon in the Philippines was one of the largest storms in recorded history, causing devastation unimaginable to the human mind. Some reports estimate as many as 10,000 dead or missing. The storm itself had sustained winds at 195+ MPH, and displaced and affected 9.8 million people, and 500,000 homes. The World Bank has offered to loan the devastated country $500 Million dollars in the form of a loan; but should the Philippines accept this offer? In recent history, it had been realized through first-hand accounts, common sense, and their own statistics and documents; that both the IMF and World Bank are not the benevolent entity seeking to provide monetary stability to countries that are impoverished, or have experienced devastation such as the Philippines. Here is a brief description of how the IMF and World Bank take over entire countries with the stroke of a pen: A country is underdeveloped, and is experiencing social anarchy, malnutrition, and economic ruin. The World Bank will come in and offer the country a huge loan, to build infrastructure, schools, power supplies, roads, and other means to a 1st world lifestyle or one similar. Of course, the Government, or Dictator depending on who it is will usually...
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...History 1900 | Act No. 52 was passed by the First Philippine Commission placing all banks under the Bureau of Treasury. The Insular Treasurer was authorized to supervise and examine banks and banking activities. | | | February 1929 | The Bureau of Banking under the Department of Finance took over the task of banking supervision. | | | 1939 | A bill establishing a central bank was drafted by Secretary of Finance Manuel Roxas and approved by the Philippine Legislature. However, the bill was returned by the US government, without action, to the Commonwealth Government. | | | 1946 | A joint Philippine-American Finance Commission was created to study the Philippine currency and banking system. The Commission recommended the reform of the monetary system, the formation of a central bank and the regulation of money and credit.The charter of the Central Bank of Guatemala was chosen as the model of the proposed central bank charter. | | | August 1947 | A Central Bank Council was formed to review the Commission’s report and prepare the necessary legislation for implementation. | | | February 1948 | President Manuel Roxas submitted to Congress a bill “Establishing the Central Bank of the Philippines, defining its powers in the administration of the monetary and banking system, amending pertinent provisions of the Administrative Code with respect to the currency and the Bureau of Banking, and for other purposes. | | | 15 June 1948 | The...
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...upgrade the local and foreign currency deposit ratings of four Philippine banks after announcing the same decision on the country’s credit rating. These banks are the Sy-led Banco de Oro Unibank (BDO), Ayala-led Bank of the Philippine Island (BPI), government financial institution Land Bank of the Philippines (Landbank) and Ty-led Metropolitan Bank & Trust Company (Metrobank). These banks local and foreign currency deposits are rated ‘Ba1/Not Prime’. Also under review is BDO’s foreign currency senior unsecured debt rating of ‘Ba1’ and Metrobank’s local currency subordinated debt rating of ‘Ba2’. “The bank financial strength ratings of the four banks remain unchanged,” Moody’s said in a statement. It explained that “credit strength of the government is an important input in our assessment of the government's capacity to provide support in times of stress.” "The review for upgrade of BDO's, BPI's, LBP's and MBT's ratings reflect our assessment that these ratings would likely benefit from an additional notch of systemic support uplift in the event that the parallel review of the Philippine sovereign debt rating concludes with a rating upgrade," Moody's Assistant Vice President and Lead Analyst for the Philippine banks Simon Chen said. Aside from assessing the government’s ability to extend support, the debt watcher said the current evaluation “will also take into account the systemic importance of each bank, which would influence the government's willingness to extend...
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...The Philippine property market remains vibrant, with strong economic, growth boosted by robust domestic consumption and increases in government spending. During the year to end-Q2 2013, the average price of a luxury 3-bedroom condominium in Makati CBD soared by 12.92% (9.98% inflation-adjusted) to PHP128,730 (US$2,938) per square metre (sq. m.), higher than the annual rises of 5.6% in Q1 2013, 8% in Q4 and 8.3% in Q3 2012, according to Colliers International. During the latest quarter, high-end residential property prices in Makati CBD increased 6.92% (6.25% inflation-adjusted) in Q2 2013, the highest increase since Q4 1995. In other main districts: * In Bonifacio Global City, the average price of a premium 3-bedroom condominium rose by 12.4% y-o-y to PHP127,575 (US$2,911) per sq. m. in Q2 2013, or a quarterly increase of 5%. * In Rockwell Center, secondary residential property prices also increased by 10.6% y-o-y and 3.6% q-o-q, to an average of PHP132,770 (US$3,030) per sq. m. in Q2 2013 Land values have also been appreciating recently. In the second quarter of 2013: * In Makati CBD, land values rose by 8.32% to PHP283,185 (US$6,462) and PHP325,275 (US$7,423) per sq. m. During the latest quarter, land prices increased by 2.06% in Q2 2013. * In Ortigas Center, land values increased by 6.45% to a range from PHP104,925 (US$2,394) to PHP171,860 (US$3,922) per sq. m. Quarter-on-quarter, land values rose by 1.75%. * In Bonifacio Global City, land values...
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...According to the United Nations, coconut production in the Philippines grew at the rate of 5.3 per cent per year from 1911 to 1929, and increased by 5.2 per cent from 1952 to 1966.[3] A coconut tree in Boracay In 2012, the Philippines exported more than 1.5-million metric tonnes of copra, coconut oil, copra meal, desiccated coconut, coco shell charcoal, activated carbon and coco chemicals, a 1.49 per cent increase compared to the volume exported in 2011.[4] In 1989, it produced 11.8 million tonnes and at the time was the second largest producer but has since surpassed Indonesia. In 1989, coconut products, coconut oil, copra (dried coconut), and desiccated coconut accounted for approximately 6.7 percent of Philippine exports.[5] About 25 percent of cultivated land was planted in coconut trees, and it is estimated that between 25 percent and 33 percent of the population was at least partly dependent on coconuts for their livelihood. Historically, the Southern Tagalog and Bicol regions of Luzon and the Eastern Visayas were the centers of coconut production.[5] In the 1980s, Western Mindanao and Southern Mindanao also became important coconut-growing regions. In the early 1990s, the average coconut farm was a medium-sized unit of less than four hectares. Owners, often absentee, customarily employed local peasants to collect coconuts rather than engage in tenancy relationships. The villagers were paid on a piece-rate basis. Those employed in the coconut industry tended to be...
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...the esablishment of a system of rural banks which will place within easy reach and access of the people credit facilities on reasonbale terms. Since the establishment of the first rural bank in 1952, the rural banking system has played a pivotal role in developing the country’s rural areas through the following: 1. The extension of credit facilities to small farmers, merchants and rural industry/enterprise operators. 2. The extension of technical assistance on small business or farm management, as well as the proper utilization of credit for production and marketing in coordination with supervisory and other involved government agencies. 3. The encouragement of savings and thrift consciousness among rural folk. 4. The encouragement of the establishment of farmers’ cooperatives. Rural Bank, defined. A rural bank may be described simply as a bank located and established in a rural area for the purpose of placing within easy reach and access of the people credit facilities at reasonable terms. Organization. No rural bank shall be operated without a Certificate of Authority of the Monetary Board of the Central Bank. Rural banks shall be organized in the form of stock corporations. Capital Stock. One hundred per cent of the capital stock of any rural bank shall be owned and held directly or indirectly by citizens of the Philippines. Board of Directors. As in the case of private development banks, all memebers of the board of...
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...SPS. CORNELIO JOEL I. ORDEN and MARIA NYMPHA V. ORDEN, and REGISTER OF DEEDS OF NEGROSORIENTAL, Petitioners, versus SPS. ARTURO AUREA and MELODIA C. AUREA, SPS. ERNESTO P. COBILE and SUSANA M. COBILE, and FRANKLIN M. QUIJANO, Respondents. G.R. No. 172733 August 20, 2008 Fact This case is about the legal consequence when spouses Ernesto P. Cobile and Susana M. Cobile, respondents in a contract to Deed of Absolute Sale selling on parcel of land fail to make a promissory due date. When there is a contact, Deed of Absolute Sale and Joint Affidavit between petitioners Orden and respondents Cobile, respondents Cobile paid the amount of 384,000.00 pesos as a partial payment to petitioners Orden. Moreover, there is an evidence receipt that respondents Cobile paid partial payment. Thus, Orden, petitioners and Cobile respondents make a promissory that respondents Cobile promise to pay petitioners Orden the amount of 566,000.00 pesos on or before October 31, 1994 and the remaining balance will be paid soon as the titles of the properties shall have been transferred to respondents Cobile. However, respondents Cobile fail to pay the amount 566,000.00 pesos due to October 31, 1994 and they paid 354,596.28 as representing a partial payment through Arturo Aurea. Petitioners Orden informed respondents Cobile that if respondents Cobile fail to pay the remaining balances dated March 11, 1995, petitioners Orden will contract other interested investors. Since respondents Cobile did...
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...Background Digging deep into history, mining in the Philippines is one of the oldest industries in the country. Gold mining in Luzon started even in the 3rd century as reported by the Chinese merchants. Before the advent of the Spanish rule, metals—primarily gold—played an important role in shaping traditions and rituals, in indigenizing certain features of Filipino beliefs, and in developing patterns of wealth, power and authority during the period. The spirit of Spanish expansionism was at its crest when it reached the Philippines in the second half of the sixteenth century. The archipelago became the base of further efforts to conquer and evangelize new areas and design new trade routes in search primarily of spices but also of gold and other precious merchandise. The Spaniards failed to develop mining in the country, but left behind one of the basic building blocks of the present-day mining laws–the Regalian Doctrine. In essence, the Regalian Doctrine stipulates that all minerals and substances underneath all lands, public or private belong to the state. In effect, the law rests on the principle of eminent domain which reserves to the state the right to develop the mines on its own initiative or through private concessions. With the Americans, mining industries accelerated as the country’s economy strengthened its links to the needs of the industrialized countries like the US. The growth of the mining industry in the Philippines under the Americans may be said to have undergone...
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...| 2003 | Environmental Excellence | Winner | Nestle Philippines | Greening The Supply Chain | Philippines | | | Merit Awardee | Unilever Indonesia | The Sustainable Clean Brantas River Program | Indonesia | | | Merit Awardee | Mass Transit Railway Corporation | Sustainability Report 2001 & 2002 | Hong Kong | | Support & Improvement of Education | Winner | Tat Consultancy Services | Adult Literacy Program | India | | | Merit Awardee | Coca Cola Foundation, Inc. | Creative Writing Workshop on Children’s Books | Philippines | | | Merit Awardee | Hong Kong & Shanghai Bank Corp. Phils. (HSBC) | Model of Excellence School in Esteban Abada | Philippines | | Best CSR Policies | Winner | Union Cement Corporation | Union Social Development and Management Program | Philippines | | | Merit Awardee | Unocal Thailand | The Social Responsibility Ambassadors Program | Thailand | | | Merit Awardee | Central Azucarera Don Pedro | The Community Development Program | Philippines | | Poverty Alleviation | Winner | Hindalco Industries | Integrated Rural Poverty Alleviation Program | India | | | Merit Awardee | Allen & Overy | Supporting “Helpers from Domestic Helpers” | Hong Kong | | | Merit Awardee | Seylan Bank | Comprehensive Microfinance for Micro-sector Empowerment | Sri Lank | | Special Achievement Award | Winner | Philippine Business for Social Progress | | Philippines | 2004 | Best Workplace Practices | Winner | Hindustan...
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...institution The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non-banks. As at 17 February 2014,[1] there were 36 universal and commercial banks, 71 thrift banks, 533 rural banks, 40 credit unions and 6,267 non-banks with quasi-banking functions, all licensed with the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) under Republic Act No. 8791, also known as the General Banking Act of 2000. On top of regular banking services offered by universal, commercial, thrift and rural banks, there are savings and loans association which are mainly based in communities and among retirees in the armed forces and the police organization and other employees of the government of the Philippines. Prominent of these small savings services is the Armed Forces of the Philippines Savings and Loans Association, Inc. or AFSLAI which is exclusive to active servicemen and retirees of the armed forces in the Philippines. List of major universal and commercial banks Banco de Oro Universal Bank (BDO Unibank) Metropolitan Bank and Trust Company Bank of the Philippine Islands (BPI) Land Bank of the Philippines Philippine National Bank Development Bank of the Philippines China Banking Corporation (Chinabank) Rizal Commercial Banking Corporation UnionBank of the Philippines Security Bank Corporation Citibank, N.A. United Coconut Planters Bank Hongkong and...
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...(New World) * Definition of terms: * Encomienda – land trust * Encomendero – land trustee * Repartimientas – Indians granted to the land trustee * It can be traced in American colonies (particularly the South & Central America) which were later turned as Spanish permanent settlements * “New Spain” * Spanish explorers conquered the New World (feudalism) * Modified type of feudalism – encomienda system * It was established on May, 1493 by the Crown in Castle * Crown – had the power to entrust/ remove the land trust to the encomendero * Scope of the encomienda system: land +inhabitants * Spanish authorities justified their dominion over the New World by stating that their main responsibility was to propagate Catholic faith * Law of Burgos * Tribute * They believe that they could bring civilization to the New World * Rampant exploitation and abuse * The estates were still in the possession of inhabitants: an encomendero had no political authority * The Crown reluctant expressed his desire to abolish the encomienda system * It was overruled because the Royal Crown of Spain was threatened of rebellion and anguish cries of the Spaniards in America (New World) * Causes of the degeneration of the encomienda system in America: * Drastic decline of indigenous population * Transition from mercantile economy to industrial economy * The Encomienda System (Philippines) * It was introduced by Miguel Lopez de Legazpi...
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...Social Impact Specialist Contract No. BPPS/2014/IC/0012 Project Name: Scaling Inclusive Business Models leveraging a partnership ecosystem at the nexus of poverty and environment 1st phase Report Developing an inclusive and green eco-system framework 2nd phase Report Initial case studies and eco-system in the Philippines 3rd phase Report Final Draft Authors Markus Dietrich, Director, ASEI Sahba Sobhani - Programme Advisor Private Sector BPPS, UNDP ASEI Project Team: Mary Grace Santos, Lead Consultant Lorenzo Cordova, Jr., Environmental Impact Specialist Marcos Perez, Jr. Social Impact Specialist Version 1: 21 March 2015 Version 2: 13 April 2015 Version 3: 02 June 2015 Version 4: 30 July 2015 Version 5: 25 August 2015 Content 1 Introduction to inclusive and green growth policy approaches 5 2 Business Ecosystems 6 3 Inclusive Business Ecosystems 7 4 Environmental Business Ecosystems 17 4.1 Assessing Business Impacts to Ecosystems 18 4.2 Ecosystem Inputs as Capitals 22 5 Integrating Green and Inclusive Business Ecosystems 25 6 Sustainable Agriculture and Agroforestry 26 7 Aiming for Inclusive and Green Growth – The Philippines Case 29 7.1...
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...Organizational Chart – Ayala Land Incorporated [pic] |Characteristics |Ayala Land (ALI) |Megaworld |SM Development Corp. | | | | | |Key External Factors |Weight |Rating |Weighted Score | |Opportunities | |1. Household final consumption expenditure for housing, water, electricity, gas, and other fuel increased |0.08 |3 |0.24 | |to 7.2% | | | | |2. 6.8% growth in OFW remittance. |0.09 |4 |0.36 | |3. Average yearly growth rate of 20% of the BPO sector. |0.10 |4 |0.4 | |4. Nationwide expansion of the real estate business in the Philippines reaching out through Luzon, Visayas|0...
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