Comments for Good News Balikbayan

Comment on House and Lot in a Planned Subdivision by Loriadel Obordo

Loriadel Obordo — Mon, 02 Mar 2009 20:49:40 +0000

Please can you email me the quotations of house and lot posted in this page. I’m OFW working in Kuwait. My email ad maria_obordo3000@yahoo.com
Thank you

Comment on Buying Your First Home by myepinoy

myepinoy — Fri, 07 Nov 2008 14:45:00 +0000

Buying and living in a condo unit is really great however, one must consider the added cost like the ass due (association fee), the parking (you need to pay that space too) and etc…

On high scale condo units, you will have to shell out every month around PHP12k or higher.

myepinoys last blog post..What change they will see?

Comment on Wanted: More Pinoy Entrepreneurs by Rowena

Rowena — Fri, 17 Oct 2008 05:38:52 +0000

Some Pinoys with capital and want to venture into business here are discouraged by the red tape in securing permits and the bribes they have to shell out to expedite their papers. Plus the city hall employees who would bug them and sell things or push for their own suppliers….Or worse, teach them to be a smuggler (for importers) to evade paying huge taxes.

Rowenas last blog post..How to Lose Weight…

Comment on Mi Vida: Live the Life You Deserve! by Poverty Does Not Equate to Unhappiness » Bakla Ako, May Reklamo?

Poverty Does Not Equate to Unhappiness » Bakla Ako, May Reklamo? — Wed, 15 Oct 2008 02:30:30 +0000

[...] family in alleviating our finances. I guess I could do that now. I have worked so hard not only to live the life I deserve, but also because I knew I had a lot to prove - to myself and to others. Growing up gay and poor [...]

Comment on Wanted: More Pinoy Entrepreneurs by annamanila

annamanila — Wed, 24 Sep 2008 09:23:38 +0000

To Felix Pellosma,

Government policies and the way they are enforced can often dampen entrepreneurial initiatives. Even if programs are well-meaning, the implementation leaves much to be desired, leaving an impression of a government at cross-purposes with itself. A later article will discuss government support issues like red tape, corruption, and the need to reexamine laws that are not conducive to enterprise promotion and development.

annamanilas last blog post..To Apo Andeng, at One

Comment on Wanted: More Pinoy Entrepreneurs by feliz pellosma

feliz pellosma — Thu, 04 Sep 2008 04:57:26 +0000

Entrepreneurs,

Useless, lazy, or corrupt government employees & tax/import laws make it impossible for a small business venture to take off.
I was in the process of importing used motorcycles from Japan to sell in Metro Manila. The business plan would have created 5 jobs for local employees and provided safe and reasonably price motorcycles to consumers.

Next comes the most outrageous protective tax law on the planet; it must have been written by a senator who owns a car or motorcycle dealership. No matter how old the vehicle is, it will be taxed at a rate no less than 50% of the new cost of a 5 year old vehicle. For example, I have a 1998 motorcycle that cost 250,000 peso when it was new. A 2003 version of that motorcycle cost 300,000 peso. So right from the start I have to pay at least 150,000 peso in tax on a 10-year old motorcycle if customs approves the 50% valuation. Then throw on another 12% VAT & 45,000 peso in overhead and I have to try and sell a 10-year old bike for 225,000 just to get a 5% profit. I would have not problem just paying the 12% VAT, but the other part of the law just does not make sense.

I could make more money selling a perfectly good motorcycle for scrap metal to a Chinese steel company.

Articles like this do not bring to light all of the problems caused by the Philippine government. A market has to be free and open for small business to work.