ShareWhat is 13th month pay? It is a form of monetary assistance equivalent to the monthly basic compensation received by an employee, computed pro-rata according to the number of months within a year that an employee has rendered service to an employer (basic monthly pay/12 x number of months actually worked).
Archive for the 'Corporate and Investments' Category
FAQ on 13th Month Pay
Published by November 24th, 2009 in Corporate and Investments and Litigation and Labor Law. 6 CommentsHoliday Economics in the Philippines
Published by November 3rd, 2009 in Corporate and Investments and Litigation and Labor Law. 1 CommentShareWe celebrate holidays to commemorate an event or a person of special significance to the country. While the declaration of holidays is supposed to bring unity, it sometimes results to confusion in the workplace, even if unintended.
Eid’l Adha (November 27-28): Regional Holiday
Published by November 1st, 2009 in Corporate and Investments and Litigation and Labor Law. 2 CommentsShare(Malacanang earlier issued Proclamation 1808, declaring November 27 and 28, 2009 as “national holidays”, in observance of Eid’l Adha, one of Islam’s greatest feasts. Many were wondering why it’s a national holiday, when RA 9492 provides that it’s a regional holiday. Proclamation 1808-A was subsequently issued, providing that Eid’l Adha is a regional holiday in [...]
Eid’l Adha as National Holiday: Computation of Holiday Pay for November 27 and 28, 2009
Published by October 29th, 2009 in Corporate and Investments and Litigation and Labor Law. 2 CommentsShare(Malacanang declared November 27 and 28, 2009 as “national holidays”, in observance of Eid’l Adha, one of Islam’s greatest feasts. Many were wondering if “national holiday” means a regular holiday or a special holiday. This is clarified in the Labor Advisory issued by DOLE. The full text of Proclamation No. 1808 and the DOLE Labor [...]
Dam Operator liable for Negligence in Flooding
Published by October 14th, 2009 in Corporate and Investments and Family and Property Law. 1 CommentShareThe recent flooding recently caused by the heavy rainfall brought by Typhoons Ondoy and Pepeng has caused tremendous damage to life and property. Also recently, there are threats to sue the dam operators who were allegedly negligent in releasing water too late and without sufficient warning.
Liability of a Co-Maker: Distinguished from Guarantor
Published by August 11th, 2009 in Banking and Corporate and Investments. 1 CommentShareMaybe you’ve been asked by a friend to sign as a co-maker in a loan. You’re then asked to sign a promissory note or a debt instrument which designates you as a co-maker. There should be no problem with this, as the principal is usually someone we know and trust. I’ve seen, however, co-makers being [...]
Ownership of Philippine Land by Foreigners
Published by June 11th, 2009 in Corporate and Investments and Family and Property Law. 6 CommentsShareAliens, as a general rule, are not allowed to own real property in the Philippines. By “aliens”, we don’t mean creatures from outer space, but persons who are citizens of other countries. By “general rule”, we mean that there are certain exceptions, and two of such exceptions are discussed below.
How to Register a Corporation with the Securities and Exchange Commmnission (SEC)
Published by March 16th, 2009 in Corporate and Investments. 1 CommentShareMany business people or entrepreneurs are not deterred by the current economic malaise that is affecting many countries. Many are still starting businesses and creating new corporations. So, for the brave few, here’s a guide on registering a corporation with the Securities and Exchange Commission (SEC).
Foreign Investments and Doing Business in the Philippines
Published by March 16th, 2009 in Corporate and Investments. 2 CommentsShareThere are a number of ways for foreigners to invest directly in a Philippine company doing business in the Philippines, or directly conduct business in the Philippines. Here are some of them:
Primer on the Personal Equity and Retirement Account (PERA) Act
Published by March 15th, 2009 in Banking and Corporate and Investments. 0 CommentsShareWhat is PERA? PERA stands for “Personal Equity and Retirement Account ,” which refers to the voluntary retirement account established by and for the exclusive use and benefit of the Contributor for the purpose of being invested solely in PERA investment products in the Philippines. The Contributor shall retain the ownership, whether legal or beneficial, [...]
Recent Comments