Business
These women farmers in South Cotabato turn rice straws into eco bags
Filipino farmers face many challenges amidst the pandemic; from the lack of capital and mechanization to the high cost of output and the painfully low pricing of their products in markets, not to mention the lack of support from the Philippine government. Hence, millions of those tilling the fields are plunged into poverty.
Fortunately an ever increasing number of nearby people are getting into supporting “farm-to-table” initiatives; private groups eliminate the middle man and help with transportation expenses of conveyances by utilizing on the power of the internet.
Besides, numerous associations are presently paving the way for making sustainable income...
Business
Defining Different Social Classes in the Philippines: Which Class Do You Belong to?
Contrary to the common belief, social class is more than just about how much money you’re making. Sociologists actually define social class as a group of people with similar socioeconomic status or standing within the society based on the level of income, education, and occupation.
Social classes range from low to high and often reveal dissimilarities in terms of power, influence, and access to resources and privileges.
There has been a plethora of debate about what makes one classified as poor, middle class, and rich. And, to give clarification to that, the Philippine Institute for Development Studies (PIDS) has...
Business
PH economic recovery to be slower than other countries, experts said
The economic recovery in the Philippines will be much slower than most of its regional neighbours, as the coronavirus pandemic crisis in the country remains uncontrolled, according to the World Bank.
According to Noelan Arbis, economist at HSBC, the slow economic recovery is due to the slow recovery of services sector which is a major contributor to a country’s economic growth. He also noted that the Philippines needs more “fiscal stimulus” to improve mobility in order to have vigorous recovery.
"The pandemic has hit the services sector far worse than other sectors of the economy like manufacturing. Like China, it...
Business
Elon Musk surpasses Bill Gates to become 2nd richest man in the world
Elon Musk has officially become the second richest man in the world, next to Amazon founder Jeff Bezo, and surpassing Microsoft Corporation founder Bill Gates — thanks to Tesla’s skyrocketing share prices this year, which have made the South African-born entrepreneur to increase wealth to unimaginable heights of $147 billion, according to the Bloomberg Billionaires Index.
Bloomberg reported that the Tesla CEO has added more than $100 billion to his net worth in 2020, soaring him from the 35th spot of being the richest man, to number 2.
According to the repost, most of Musk's wealth is because of...
Business
What are the ways to achieve ‘Financial Freedom’?
Being able to finally achieve financial freedom is everyone’s major goal. But, where should we start first or what is the first thing that we should do to attain it?
Financial freedom simply means having enough savings, stable source of income, financial investments, and cash on hand to afford the kind of life we desire for ourselves and our loved ones.
Financial freedom also includes being financially secured — and being insured is one of the ways in order to have financial security. Being insured gives one a peace of mind knowing that if anything happened to you, your family’s...