Business and Economy

The business of making music

JAL TAGUIBAO has a very simple way of telling just when a song can be called a hit. “When your song is being played in jeepneys,” he says, “that’s when it’s gone big time.

Taguibao should know. As the bass player of the popular pop-rock trio Sugarfree, he has shared in the success of chart-toppers such as “Mariposa (Butterfly),” “Telepono (Telephone),” and “Hari ng Sablay (King of Mishaps).” His five-year-old band has sold thousands of CDs, with its second venture, the album “Dramachine,” even turning gold.

Enhancing the ‘electronic’ in e-commerce

AN ONLINE business may have been more apt for Senate star witness Rodolfo ‘Jun’ Lozada, an engineer and self-described IT expert who somehow wound up heading a state-owned forestry firm. Then again, with the country’s electronic commerce (e-commerce) economy still lingering at the bottom, it’s not surprising that Lozada chose to worry about propagating tuba-tuba and jatropha instead of, say, selling roses online.

Podcast

Coming home

IT’S not easy being popular, but Miguel ‘Mike’ Bolos Jr. seems to manage the fame attached to his name quite well. A 57-year-old entrepreneur, the story of the former overseas Filipino worker (OFW) inspires many migrants who would one day also want to come home for good.

Reputedly the highest paid Filipino in Saudi Arabia, Bolos decided to head home and put up his own business here in 2005. Never mind that he might never earn the same income he had as an accountant and chief financial officer; all he wanted was to invest the money he had earned for 25 years in his hometown of Guagua, Pampanga, a bustling town north of Manila.

The making of a master carver

NO ONE visits Paete without being awed by the artistry and industry of its people. Even Jose Rizal’s Noli Mi Tangere mentioned the town’s woodcarving shops and the masterpieces created in these.

“Maraming malalandi ang kamay rito dahil maliit ang espasyo ng aming bayan (Our town is so small people have learned how to be creative with their hands),” says woodcarver Justino ‘Paloy’ Cagayat Jr. says, explaining why he and his townmates are artistically inclined.

How not to carve a future

PAETE, Laguna — Woodcarver Justino ‘Paloy’ Cagayat Jr. still remembers a time when the kabaret (honky-tonk joint) directly across his shop had some 200 “entertainers.” At that time, too, he recalls, numerous fires hit many carving shops because workers were just too busy to sweep wood shavings off floors and have proper cigarette breaks. To Cagayat, this town’s then new, racy form of entertainment and the fires were indicators of Paete’s wealth — and of the insatiable demand for its products.

Crossborder

Even in Singapore, Pinoy artists are bankable

SINGAPORE — Twelve years ago, Francisco ‘Kiko’ Escora was already happy when a painting of his fetched P3,000 at an exhibit in Manila. But today Escora must be ecstatic; his works are being snapped up not only in his home country, where they now average P70,000 a piece, but also in places like Singapore, where Escora paintings are bought for S$4,000 each, or a cool hundred grand based on a P30:S$1 conversion.

Game on–or off?

THE SCREAMING is constant, but no one seems to mind. In fact, the contestants are encouraged to scream round after round, as boxes containing thousands of pesos and big prizes light up. The screams, however, are the same thing over and over again: “Give me some money!!!”

When it debuted on GMA-7 last October, “Whammy” was an instant hit, shooting to the top spot in daytime ratings. The mechanics are simple: three contestants take turns at a sort of digital roulette, yelling “go” or “stop” whenever they please. The idea is to pick up as much cash and prizes as possible, while avoiding getting the dreaded red demon known as the “Whammy.”

Beware of those false profits

SEVERAL MONTHS ago, a college friend invited me to join a new investment fund that promised tremendous returns. The firm was supposedly an international company, and promised an interest rate of four percent — a day. It promised even higher returns if one were to recruit more investors and form his own “network.” Suspicious, I asked about the company’s investment portfolio and track record. But my friend had little information about these things.

Surviving sans a financial safety net

EVERY NOW and then representatives of pre-need companies offer me insurance packages for my parents and me. Name it, they’ve tried to sell it to me — life and accident insurance plans, health plans, even memorial plans. But I always say no. It’s not that I’m not interested; I simply don’t have the extra money to pay for the premiums. Whatever I make as a media worker and from occasional writing and editing projects is just enough for my parents’ and my own daily needs. Which is why many view my family’s ability to hurdle major medical emergencies as nothing short of miraculous.

A ‘feel-good’ only economy?

RAMDAM MO na nga ba?

Even the current administration is probably asking itself this question — “Do you really feel it?” — since the recorded performance of the Philippine economy in 2007 surprised everyone, including the government. With GDP growth likely to have exceeded seven percent for the full year, the economy appears to have overshot the government target of 6.1-6.7 percent for the year. And with relatively stable prices manifested in a low inflation rate, and an apparently improving jobs picture as of the third quarter, we are finally seeing good news on all three basic economic yardsticks that the ordinary Filipino can understand: presyo (prices), hanapbuhay (jobs) and kita (income). Inflation (2.8 percent) is well within the 2.6-3.1 percent projected range; unemployment is down to 6.3 percent from last year’s 7.3 percent; and income (GDP) growth (7.1 percent so far) is better than the targeted 6.1-6.7 percent. Until recently, the best we could do was a “two-out-of-three” score, with jobs data having consistently lagged behind the other two indicators.

« Older Entries | Newer Entries »

By Category

Multimedia

By Year

By Tag

2004 elections 2007 elections 2009 SONA 2010 elections abra abs-cbn advertising AFP agrarian reform akbayan alberto agra ampatuans aniano desierto architecture armando sanchez ARMM arroyo midnight appointments Arroyo wealth ateneo de manila university ATIN basketball batangas bayani fernando benjamin abalos BIR blogging bohol bong pineda bulacan butch abad carlos garcia catholic church cebu celebrity politicians CESB charter change cheaper medicine chinese filipinos civil service commission climate change COA comelec conditional cash transfer program corazon aquino cory aquino cpp-npa-ndf customs danding cojuangco dbm democracy DENR department of energy diet dilg disaster recovery DOH DOJ DPWH dswd eddie villanueva edsa revolution education election automation energy estrada wealth extra-judicial killings ferdinand marcos fernando poe jr. fidel ramos focus on the filipino youth food freedom of information gilbert teodoro gloriagate gloria macapagal arroyo gma7 green energy healthcare hello garci house of representatives hunger IIRC illegal gambling illegal logging imelda marcos jamby madrigal jc delos reyes jesse robredo jojo binay jose de venecia joseph estrada journalism juan ponce enrile kris aquino laiban dam literacy literature loren legarda macho culture maguindanao maguindanao massacre manila manny villar marcopper marikina mar roxas merceditas gutierrez mike arroyo mike defensor MILF millennium development goals mindanao mining mount pulag music muslims mwss naga city namfrel neda ninoy aquino noynoy aquino NPA nutrition ODA office of the ombudsman OFWs ombudsman open budget survey pagcor party list pea-amari peace process philhealth philippines 2015 ping lacson plunder trial PNP political ads political dynasties poverty predictions press freedom prospero nograles reproductive health richard gordon rizal park hostage-taking incident rolando mendoza romulo neri rural health SALNs sandiganbayan san miguel senate simeon marcelo smartmatic smuggling special children special education sports supreme court taal lake television texting thailand the internet total information management university of the philippines urban poor virgilio garcillano visual artists waste disposal women's health world bank zambales