Senator Manny Pacquiao walked away with another fat paycheck after his boxing win yesterday. At the age of 40, he is one of the few people in the country that can claim to have enough wealth to last his lifetime, plus with many left over for his children, and their children too. If you’re in your 40s or hitting this milestone soon, financial experts say you are reaching your earning peak. If you started saving in your 20s and 30s, then you are ready for some serious investing in your 40s. While a famous saying claims “Life begins at 40,” that’s certainly not true for saving. If you will only begin saving when you are 4 decades and older, you’ll have quite the catching up to do to ensure you can retire comfortably. So let’s say you did know to set aside money as soon as you started working or making an income when you were younger. When you hit your 40s, it would mean you have a comfortable pot of cash to invest. Here are some steps you can take … [Read more...] about Saving should not begin at 40
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3,230 workers were retrenched in the first quarter of 2019, compared with 2,510 in the last quarter of 2018. That's a big spike. There's also been a spate of high-profile retrenchments that just won't fade from our memory, including the SPH retrenchment exercise in 2018 that saw their headcount reduced by about 10 per cent. Then there was the StarHub retrenchment exercise during the same period which saw about 300 full-time employees losing their jobs. Just a few days ago, Deutsche Bank announced that they're going to undertake a huge retrenchment exercise affecting their offices in Asia, so the Singapore office is holding its breath. Singapore tends to be overwhelmingly pro-business, which translates to weak employee rights. There are actually some rules pertaining to retrenchment as set out by MOM, but how much protection do they really offer? Well, guess what, employers are actually obliged to pay retrenchment benefits to employees who have served the company for at least two years. … [Read more...] about What are the MOM retrenchment benefits in Singapore?
On a scale of 1 to 10, with 10 being the best, President Duterte scores a 9 in governance… but this being the assessment of Malacañang, I’m surprised that the rating wasn’t a 10. His rah-rah choir would give him an 11. Duterte is entering the second half of his term with his human rights record still looming large over his administration, now combined with what his critics see as his scraping and bowing before the new Philippine overlords, the Chinese. It’s doubtful that people who voted for Duterte on his promise of killing drug personalities have changed their minds about that support; they were aware of his record of lethal law enforcement long before he was persuaded to run for president. While the brutal war on drugs will always be associated with Duterte’s first three years in office, many people will also remember the measures that were passed under his watch. Depending on where they’re coming from, people have described the measures … [Read more...] about Rated 9
“As long as his father lives, a son should study his wishes; after he is dead, he should study his life. If for three years he does not forsake his father’s ways, he may be called dutiful.” If I recited the quote above to a room full of people (perhaps even a few scholars) and made them guess who originally said it, most would probably presume that it came from a noted philosopher. Due to its subject matter and tone, perhaps a couple would even narrow it down to one of the great Chinese philosophers: Confucious, Dong Zhongshu, Mencius, or Laozi. In truth, these words of wisdom were conveyed by Robert Coyiuto Sr. – one of the most fascinating and remarkable businessmen the Philippines has ever seen. Indeed, well before the term “taipan” became a euphemism to describe successful entrepreneurs and industrialists of Chinese descent, Coyiuto Sr. was the best embodiment of the word. Sadly, for a man who was ahead of his time, he was taken before his time. … [Read more...] about A legacy of efficiency
ATHENS: Constantina Kuneva was a little-known cleaner and union activist from Bulgaria struggling to get by in Greece when she suffered a horrific acid attack near her home just before Christmas 2008.While she never fully recovered from her injuries, she did manage to rebuild her life, to the point that she has just completed a five-year term in the European Parliament.What she witnessed in that role has her worried about what she sees as a wave of anti-worker conservative legislation reaching Greek shores as the country struggles to recover from economic crisis.Back in 2008, Kuneva was working to improve working conditions for cleaners as general secretary of the Athens association of cleaners.An unknown assailant poured acid on her face and down her throat, an attack believed to be linked to her union activities.She lost sight in one eye and suffered serious damage to her vocal chords and other internal organs. She was hospitalised for months and underwent additional treatment … [Read more...] about Greek labour icon fears for worker rights after July vote