InstaPay Philippines: What Is It and How Can I Use It?
- By Moneymax
- September 14, 2020
Using a smartphone to transfer money is now faster and more convenient thanks to mobile wallets and banking apps. However, most of these apps don’t allow senders to transfer money to accounts maintained in another application or financial institution. Enter InstaPay Philippines, an electronic fund transfer (EFT) service by the Bangko Sentral ng Pilipinas or BSP. Launched in 2018, InstaPay allows users to transfer money to another bank or non-bank institution that carries the facility. Keep on reading to know more about InstaPay Philippines and how you can use it to send money. What is InstaPay? InstaPay is an EFT service that allows clients to transfer money instantly between accounts of participating BSP-supervised banks and non-bank e-money issuers in the Philippines. It is governed by the Philippine Payment Management Inc. under the supervision of BSP. You can use InstaPay if you have an e-money account (with or without ATM or debit card) with one of the service’s participating institutions. Individuals, businesses, and government agencies can send and/or receive fund transfers with this facility. InstaPay aims to bring a safe and reliable retail payment system in the country, especially for real-time, low-value fund transfer transactions. Read more: How Online Banking Account Makes Things Easier ATM Fees in the Philippines All Cardholders Need to Know Benefits of Using InstaPay Philippines Here are some of the advantages of using this EFT service: Receive and send money from another bank Transfer funds electronically Money is transferred real time Minimal transaction charges Available 24/7 and all year round InstaPay Participating Banks and Non-Bank E-Money Issuers…
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Security Bank Online Guide for Hassle-Free Banking at Home
- By Adji Hendrawan
- September 10, 2020
Before the COVID-19 pandemic, over-the-counter transactions at Security Bank are smooth and efficient, as branches are less crowded compared to other commercial banks in the Philippines. You might be used to that setup, but the pandemic has changed the way we bank. It’s now safer to complete transactions like paying bills and transferring money online than in-person at a bank branch. If you’re a Security Bank client, you’ll be glad to know that Security Bank Online (SBOL) and the Mobile App not only help you avoid physical contact (which raises the risk of getting the coronavirus) but also make your financial transactions a lot more convenient. Here’s your guide to using Security Bank Online banking services. Security Bank Online Registration Before you can use any online banking feature, you have to enroll your account in Security Bank Online. Note that you can register only through the web version. Registration of newly opened accounts is not available on the Security Bank Mobile App. However, you can access your online banking account through your smartphone as soon as you’re done with your account enrollment online. What Account Types Can I Enroll Online? Security Bank allows enrollment of the following types of active accounts in its online banking platform: Bank accounts (individual CASA/FCDU accounts and joint CASA accounts) Credit cards of primary cardholders CashlinkPlus prepaid cards Unit Investment Trust Fund (UITF) accounts Term deposit accounts (for additional enrollment only) Read more: UnionBank Online Banking: How to Bank Using Your Smartphone How to Create a Security Bank Online Account To open an online banking…
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From Payment to Eviction: Tenant’s Guide to Rental Laws in the Philippines
- By Adji Hendrawan
- September 3, 2020
I can’t pay my rent because I’ve lost my job. Can I be evicted? Rental law questions in the Philippines during the COVID-19 crisis are usually about eviction. As more families have lost their income due to the lockdown, the fear of losing one’s home becomes real. Small businesses are also struggling with their rental payments after being closed throughout the enhanced community quarantine (ECQ). Disagreements between landlords and tenants have been common even before the pandemic broke out—the current crisis has made them worse. If you’re in such a situation, it helps to know that rental laws in the Philippines exist to protect your rights as a tenant. Rental Law Philippines: What You Need to Know Two laws regulate residential and commercial leases in the Philippines: the Rent Control Act and the Civil Code. Here are the key differences between the two rental laws in the Philippines. Rent Control Act in the Philippines Republic Act 9653[1], better known as the Rent Control Act of 2009, is the law that protects housing tenants (especially in the lower-income class) against unreasonable rent increases. It also provides the eviction rules that both landlords and tenants must observe. This rental law in the Philippines covers housing units with a monthly rent of up to PHP 10,000 in Metro Manila and other highly urbanized cities nationwide. Particularly, the following rental properties are covered by the Rent Control Act: Apartments Boarding houses, bedspaces, dormitories, and rooms for rent Houses and/or land Landlords and renters who violate any provision of the rental law face penalties—a fine of…
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Complete Guide to Lazada Wallet for Online Shoppers
- By Ricky Publico
- August 28, 2020
When you talk about online shopping, Lazada almost immediately comes to mind. Since launching in 2012, the popular online shopping platform continued to introduce feature after feature in an attempt to encourage more customers. And their best one yet has to be the Lazada Wallet. Lazada introduced their own mobile wallet following the success of GCash and PayMaya. Years from now, we’ll probably get rid of cash altogether. But for now, let’s go through what you can do with your Lazada Wallet and how it can make online shopping a lot more convenient. What is Lazada Wallet? Lazada Wallet is the latest innovation from one of the country’s largest online selling platforms, Lazada. It functions like most mobile wallets, complete with useful features most online shoppers will find useful. All transactions are covered by Lazada’s Payment Protection[1]. Lazada Wallet Benefits If you’re an avid Lazada shopper, you’ll get a kick out of activating your this mobile wallet. Here are just some of the benefits of using your Lazada Wallet for your next online shopping spree. Seamless shopping. No need to scramble for change once the delivery arrives. Just order and pay for your order in just a few clicks. Don’t forget to smile for the camera when the rider takes your photo! Access exclusive discounts. Save more on your online shopping by availing exclusive discounts when using your wallet. Expect more shopping deals during Mega Sales. Earn more rewards. By using your Wallet for all your purchases, you get to earn special rewards that can come in many forms: discounts,…
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9 Helpful Family Budgeting Tips in the New Normal
- By Ricky Publico
- August 26, 2020
Budgeting for yourself is usually a piece of cake. When you know your exact wants and needs, sometimes you don’t even need a budget to end up fine until the next payday. Family budgeting, on the other hand, is entirely a different ball game—mainly because you have other people to worry about. It’s not just you who’s going to starve once you fail to make ends meet. It can be difficult because it forces you and everyone in your household to give your finances a hard look. What needs to go and what needs to stay? Let these tips help you out. Family Budgeting Tips in the New Normal List Down Every Expense Before creating a household budget, you need to figure out your family’s monthly expenses first. If you feel that everyone in your family spends unnecessarily, you’ll need to sit down and talk it out. Talk about the bills that everyone has to contribute to, just to make sure that everyone’s on the same page about it. Next, put together the expenses you all spend on a monthly basis. This list should include the following: Monthly Utility Bills Rent or Amortization Online Subscriptions Average Grocery Spendings Credit Card Statements Insurance Premiums Medical Expenses Car or Home Loan Payments Average Fuel Consumption Miscellaneous Payments Categorize Your Expenses It’s not enough to list down your expenses. You need to categorize them into two types: fixed and variable. Certain expenses for a household are fixed, meaning they will arrive every month without fail. Electricity, water, internet, and amortization or rent usually…
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Running List of COVID-19 Testing Centers in Metro Manila
- By Adji Hendrawan
- August 24, 2020
Do you think you’re infected by the coronavirus? The only way to confirm is to take a COVID-19 test. Whether you have the symptoms or not, you don’t want to take any chances. Recently, the government sees a new trend in which COVID-19 transmissions come from family gatherings and workplaces[1]. Infected but asymptomatic people carry the virus and unknowingly spread the disease to their families or co-workers. Protect your loved ones (and get that peace of mind) by getting tested. We’ve listed some of the major COVID-19 testing centers where you can get a swab test or a rapid test. Where to Get a COVID-19 Test in Metro Manila A number of medical facilities in Metro Manila, where the majority of COVID-19 cases have been reported, have set up their own drive-thru and walk-in centers so that patients who want to get tested won’t have to enter the premises and risk getting infected. Here is a running list of COVID-19 testing centers in Metro Manila. Asian Hospital Drive-Thru Swab Test Service type: Drive-thru (for swab test only) and outpatient (for rapid test and ECLIA test) Location: 2205 Civic Drive, Filinvest Corporate City, Alabang, Muntinlupa COVID-19 testing methods: RT-PCR test, rapid antibody test, and Enhanced Chemiluminiscence Immunoassay (ECLIA) test[2] Swab test price: PHP 6,000 Rapid test price: PHP 2,500 Payment modes accepted: Credit or debit card Contact information: (02) 8771-9000 local 5759 / info@asianhospital.com / feedback@asianhospital.com How to avail: Book an online appointment via ahmc-onlineregistration.hopprlab.com at least 24 hours before your preferred schedule. Swab test result: Sent via email within five to…
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Beginner’s Guide to Opening a UnionBank EON Account Online
- By Moneymax
- August 22, 2020
More and more Filipinos are seeing the importance of having a bank account. In fact, the number of people with deposit accounts increased from 53.5 million in 2016 to 57.1 million in 2017[1]. It is no surprise especially now that opening a bank account can be done online. One of the few banks that offer this feature is EON from UnionBank. UnionBank EON provides an easy way to shop online, pay bills, and transfer funds. Keep on reading to know the types of accounts available and how you can apply for one. What is EON account? EON is one of the first fully digital banks in the Philippines. This neo banking platform allows clients to apply and access their accounts through the official EON website, or through the official UnionBank EON app. You can also get EON Visa cards at select UnionBank branches nationwide. The digital platform aims to “deliver convenient and secure banking services to individuals and communities”. UnionBank EON recently partnered with the Imus City local government to provide monetary assistance to Imuseños during the pandemic[2]. Different Types of UnionBank EON Accounts UnionBank’s EON offers five types of bank accounts, all depending on various budgets and needs. EON accounts serve as debit cards, which you can use to collect and add funds, send and receive money, and withdraw cash from ATMs here and abroad. EON account benefits and features: Move money to another EON account, another UnionBank account, or account in another bank Pay bills for utilities, water, telco, insurance, and more Purchase top-ups for transportation or credits for…
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Swab Test and Rapid Test Price: COVID-19 Testing Guide
- By Adji Hendrawan
- August 20, 2020
How much does peace of mind cost nowadays? In the new normal, it will have you forking out thousands of pesos to find out whether you have COVID-19 or not. There’s a growing demand for COVID-19 testing in the Philippines. More and more Filipinos are taking the initiative—despite the steep swab test and rapid test price—just so they can sleep at night knowing they’re safe. If they’re found to be infected, at least they know they should self-isolate at home. Some patients undergo COVID-19 testing so they can return to work, while others need it so that they can go back to their families in the province. Whatever’s your reason for taking a test, the whole point of getting a COVID-19 test is to protect your loved ones and the people around you from the pandemic. Let’s take a look at two of the widely used COVID-19 testing methods in the Philippines—the rapid test and the swab test—and their prices, differences, and where you can get tested. Rapid Test Price Range The cost of rapid antibody tests in the Philippines ranges from PHP 1,500 to PHP 2,500. This COVID-19 testing method is cheaper than a swab test. However, if you get a positive result from a rapid antibody test, you’ll have to spend an additional amount on a swab test for confirmation. Swab Test Price Range Private hospitals in the Philippines charge between PHP 5,000 and PHP 8,150 for each swab test. Senior citizens and PWDs can avail of the mandatory 20% discount and VAT exemption. Swab test prices are…
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8 Mobile Wallets for a More Convenient Online Transaction
- By Ricky Publico
- August 14, 2020
Remember when your wallet was the most important item in your arsenal of everyday items? It’s the portable pocket where you place money, notes, and even pictures of your loved ones. But since the invention of the digital wallet, you probably stopped caring about what your physical wallet looks like. Because of the global pandemic forcing everyone to stay at home, owning a mobile wallet has become the norm. Going cashless online is now the logical way of doing things, so it’s best if you check out your options. Here are some of the country’s prominent online wallets and their key features. Why Do You Need a Mobile Wallet? “Will I still need a digital wallet after the pandemic?” you might ask. Pandemic or not, we were all heading to a cashless future anyway. If anything, the pandemic just helped speed up the process. If you need a refresher, here are the benefits of using the online payment apps for your transactions. It’s pretty convenient. That in itself is the main reason why you need one. Imagine not having to carry cash in order to buy goods, pay bills, or send money to your loved ones. Since everything’s online, it only makes sense for your mode of payment to be online, too. It encourages contactless payment. In a time when you’re supposed to keep a distance from others, owning a digital wallet has never been this timely. Now you don’t have to touch other people’s hands or cash to complete transactions. Just tap away and you’re good to go. It…
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List of Pawnshops in the Philippines
- By Moneymax
- August 5, 2020
Emergencies happen—and sometimes, they can soil your pockets. While banks and other financial institutions offer various loans that can help you fund an emergency expense, it can take days or even weeks before your application is processed. Pawnshops in the Philippines allow you to borrow money using your jewelry, gadgets, vehicles, or appliances as collateral. The application is straightforward—you may only need a valid ID and your collateral for a pawn loan. The process is also quick, and you can get your loan amount within hours. Pawning your personal belongings isn’t the best way to fund an emergency expense but they might be helpful when you are desperately in need. For your reference, here is a list of pawnshops in the Philippines and their monthly interest rates, payment terms, and other services they offer: Pawnshops in the Philippines 1. Cebuana Lhuillier Apart from pawning or sangla, Cebuana Lhullier offers remittance services and microinsurance to its customers. Website: www.cebuanalhuillier.com Location: Nationwide Services offered: Pawning Microinsurance Micro loans Remittance Basic requirements: Valid ID Collateral guarantee (gold, diamond, or platinum jewelry and watches, cellphones, or laptops) Loan term: Up to four months Interest rates and other charges: Advance interest charge of PHP 4 for every PHP 100 loan amount Service charge of 1% of the principal loan amount 2. Palawan Pawnshop One of the most popular pawnshops in the Philippines, Palawan Pawnshop has numerous branches nationwide. Some of its services are money exchange, international and domestic remittance, and pawning. Website: onlinepadala.ppspepp.com Location: Nationwide Services offered: Pawning Remittance Money exchange Bills payment Insurance Basic requirements:…
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What Is Microinsurance? Do I Need it?
- By Moneymax
- July 31, 2020
Despite the numerous insurance providers and products in the market, only 16% of upper- and middle-income Filipinos have an insurance policy in place as of 2018[1]. Premiums can set you back thousands of pesos, making insurance financially unattainable for low-income households, individuals, and small businesses. To fill in this gap, the government and the private sector are encouraging people to get microinsurance instead—but what is it exactly? Let’s explore this type of insurance and its importance in the Philippines. What is Microinsurance? Microinsurance offers coverage to low-income households or anyone with little savings. This type of insurance caters to lower-valued assets. Such products are low cost because individuals who purchase them essentially have low-net worth. In the Philippines, you can get microinsurance with lower premiums as compared to traditional insurance products in the market. However, take note that the coverage value is also lower than regular insurance plans. Microinsurance premiums cannot go higher than 7% of the current daily wage, ensuring that the policy is affordable for most Filipinos. The rates and benefits of policies can only amount up to 500 times the current daily minimum wage. For example, for a daily minimum wage of PHP 500, the maximum coverage is PHP 250,000. Microinsurance policies have minimal documentary requirements. They are also always paid in cash, mobile payments, or through salary deductions. Common Types of Microinsurance Products These are some of the available microinsurance products in the Philippines: Life Insurance This type of microinsurance guarantees payment of a death benefit to the policyholder’s beneficiaries when they die. Typically, a micro…
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Your Ultimate Guide to Buying a Brand New Car in the Philippines
- By Moneymax
- July 27, 2020
Purchasing a brand new car can be both an exciting and expensive adventure. As more people are experiencing an increase in their income and auto loans are becoming easier to acquire, it’s no surprise that the automotive industry is on an upswing. While a decent used car can get you to point A to point B without any problem, a brand new car has added features that can protect you a lot better when you’re on the road. A new car isn’t just a luxury, but an investment in the long run. Let’s see some of the benefits of getting a brand new car and tips you can consider when you’re shopping for a new ride. Benefits of Buying a Brand New Car Purchasing a car can be one of the hardest decisions you’ll have to make. Here are the reasons why it’s beneficial: Value for money A brand new car costs more compared to a used one. However, you’re sure that the unit is in tip-top shape. Car dealers ensure that the car you’re getting is flawless and has no hidden issue. You may be spending a little more, but you’re getting a vehicle without even the smallest of dents. Freedom of choice If budget isn’t a concern, you have unlimited options. You can get a vehicle that fits both your needs and wants. Compared to used cars, you’re confined to the available units for sale. Read more: 21 Cheapest Cars in the Philippines You Can Buy in 2021 New features Brand new cars have—well—brand new features. If you…
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Complete Guide to Opening a BPI Jumpstart Savings Account
- By Moneymax
- July 21, 2020
Saving is a good virtue that you can instill in your child, even at an early age. After all, it’s a parent’s responsibility to teach their children the importance of saving money. One way you can do this is by opening a kiddie savings account for them. One of the best savings accounts for kids in the Philippines is the BPI Jumpstart Savings Account as it lets you transfer your kid’s allowance on a scheduled basis. Keep on reading to know more about this kiddie savings account and how you can open one for your kid. Importance of Financial Literacy for Kids Every parent wants their kids to flourish and enjoy a healthy financial lifestyle in the future. However, being smart with money isn’t necessarily taught at school. It is up to you to provide your kid’s financial education in a way that they can understand. Without a basic knowledge of spending and saving, it’s easy to make financial decisions that can jeopardize the future. Therefore, it is important to teach kids smart money habits sooner rather than later. Here are other reasons why teaching your financial independence to children is important: They will be able to make sound financial decisions when they are older. To be be more business-savvy in the future. Have the basic knowledge of money principles. Benefits of Opening a Kiddie Savings Account Apart from learning the basics of banking, a kiddie savings account can teach your child good spending habits. Here are the other benefits of opening a savings account for kids: It teaches kids…
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How to Pick Stocks in PSE: Helpful Tips for Beginners
- By Moneymax
- July 16, 2020
Investing in stocks from the Philippine Stock Market (PSE) can help you achieve your financial goals more quickly. It may allow you to beat inflation and save money at a faster rate. However, you should never invest your money blindly. If you purchase stocks “just because” and not knowing why you’re buying them, then perhaps it’s time to rethink your strategy. To avoid falling for traps and losing your hard-earned money, you should determine how to pick stocks that fit your financial goals. Let’s explore how you can pick stocks in PSE for both day trading and long-term investment. Day Trading versus Long-Term Investment Day trading and long-term investment are two different approaches. However, they both have the same end goal—making a profit from the stock market. In general, day traders take advantage of both rising and falling markets to enter and exit positions over a shorter time frame, taking smaller, more frequent profits[1]. While investors aim to get larger returns over an extended period of time. Take a closer look at these approaches when deciding how to pick stocks. What is Day Trading? Day trading involves more frequent transactions in the stock market. Its goal is to make a profit that outperforms buy-and-hold-investing. You can generate a profit from day trading by buying at a lower price and selling the stocks at a higher price within a relatively short period. Day trading isn’t for everyone, you must have enough capital to sustain this approach. You should also fully commit to the lifestyle, treating it as a full-time job. Moreover,…
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25 Top Commercial Banks in the Philippines
- By Moneymax
- July 15, 2020
Do you need to open a savings account for safekeeping? Or do you need a personal loan to finance a big-ticket expense? Or perhaps you want a credit card? A commercial bank can help you with these needs. Commercial banks are the typical banks we see every day. It is basically where we do most of our banking. Keep on reading to learn more about commercial banks and the type of products and services they offer. What is a Commercial Bank? A commercial bank is a type of financial institution where most people do their banking. Commercial banks are financial institutions that accept deposits, offer checking account services, and make various loans[1]. They also have products like savings accounts for individuals and small businesses as well as certificates of deposit (CDs). These banks profit from the loans they provide consumers, earning an interest income. The loans commercial banks offer may vary but may include home loans, car loans, and personal loans. The capital used for these loans is sourced through customer deposits like checking and savings accounts. For instance, if you deposit money into a savings account, you are effectively lending money to the bank. You will be paid interest for the money you deposited. However, this interest rate may be less than the rates the bank charged on the money they lend. In the Philippines, commercial banks are regulated by the Bangko Sentral ng Pilipinas (BSP). The BSP imposes various conditions and prescribes the minimum level of capitalization of banks. Read More: 6 Things to Consider When Choosing the Right…
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Condo vs House: Which Is a Better Buy?
- By Adji Hendrawan
- July 13, 2020
“A condo or house? Which property should I buy?” Welcome to the world of adulting—where making life choices involves something more crucial than your milk tea order. This time, you’re making a serious buying decision between a condo vs house. So that you won’t regret your purchase several years down the line, carefully consider the pros and cons of each option. Look beyond the price tag, as many factors will affect your home purchase. Pros and Cons of Buying a Condo in the Philippines Advantages of Buying a Condominium 1. More Affordable Than a House and Lot Condominiums are generally less expensive than houses and lots in the same area, particularly in prime locations. The exceptions, of course, are upscale condos in business districts like BGC and Rockwell. For houses in Metro Manila, the median list price is PHP 14.5 million, which is more than double the median list price of condos in the metro (PHP 5.9 million)[1]. Houses cost higher than condos because they occupy larger spaces. If you take a closer look at prices per square meter (sqm), these are lower for houses than for condos. The median list price per sqm for houses in Metro Manila is PHP 64,894, while condos cost PHP 161,236 per sqm. Prices of low-end and mid-range condos are also within reach of first-time buyers and middle-income families, starting at around PHP 1.7 million for a studio unit in Metro Manila. 2. Convenient Locations If you live in a condominium, establishments like malls, supermarkets, convenience stores, restaurants, laundry shops, transportation hubs, and hospitals…
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Everything You Need to Know About Non-Life Insurance in the Philippines
- By Moneymax
- July 8, 2020
We face uncertainties every day. Sometimes, they even set us back financially. An unexpected hospital bill, property loss, or car accident can soil your savings and ruin plans you already have. An insurance policy, such as non-life insurance, can help minimize the financial damages these mishaps can do. Non-life insurance protects you and your valuables from damages and losses. It can also cover you from legal liabilities. Keep on reading to know more about this type of insurance, its benefits, and which insurance companies in the Philippines offer non-life insurance policies. What is Non-Life Insurance? Non-life insurance is a type of insurance covering people, property, or legal liability[1]. Also known as general insurance, it is a policy that can provide you with compensation for losses caused by certain financial events. Your insurance company will pay to cover some or all of your losses based on your coverage. The coverage period for this type of policy is usually one year, with the premiums paid on a one-time basis. How much you have to pay for non-life insurance depends on your policy coverage and the insurance company’s premium rates. Life Insurance vs Non-Life Insurance Life insurance is a policy that provides compensation or death benefit to beneficiaries upon the death of the insured individual. Aside from premature death, some life insurance policies cover illness, income during retirement, educational plans, and estate preservation. On the other hand, non-life insurance covers things not covered by life insurance. This policy can protect you from property loss, damages, or legal liabilities. Read more: What is the…
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When Is the Best Time to Buy Stocks? A Cheat Sheet for Beginners
- By Moneymax
- July 2, 2020
More Filipinos are trying their hands in trading, with stock market accounts increasing by 61% in 2018[1]. While stocks aren’t guaranteed, it gives investors the chance to grow their money at a rate that other investments cannot. However, trading is not a walk in the park as market volatility can intimidate both newbie and seasoned traders. If you’re not careful, you may experience losses even before you make your first buck. Before entering the market, you need to learn the basic principles and keep practicing and investing. You should also know when to buy stocks which can help produce a profitable result. Read more: How to Invest in Stocks for Beginners (Even with Little Money) When is the best time to buy stocks? The answer is when stocks reach low points. It is where the market timing comes into play. Past performance doesn’t guarantee future performance. However, always remember the cycle. Past performance may be an indicator of future performance. Best time of day to buy stocks: During opening hour The opening hours represent the window in which the market factors in all the events and news releases since the previous closing bell, which contributes to price volatility[2]. For an expert trader, the first 15 minutes of the day is prime time. It can offer some of the best trades of the day based on initial trends. 9:30 AM to 10:30 AM is often one of the best hours to trade. If you want to extend your day trading hours, you can buy stocks until 11:30 AM. However, a lot…
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Top Online Jobs in the Philippines You Should Consider
- By Moneymax
- June 25, 2020
Are you tired of traveling for hours to and from your office? Do you think that the 9-5 lifestyle is not for you? Do you want to spend more time on your hobbies and with your loved ones? If you answer yes to all of these, an online job is your best bet especially now that we’re advised to stay home because of the pandemic. Contrary to popular belief, you can earn decent money with a full time online job. Some high-paying jobs are also not hard to come by. Just like a traditional office position, an online job may require you to have the relevant experience, skills, and degree. Keep on reading to learn the pros and cons of this work set up and explore some of the best online jobs in the Philippines. Read More: How to Financially Recover from Unemployment in the Philippines Why Should I Consider an Online Job? An online job offers many perks that can help you achieve work and life balance. See and weigh the advantages and disadvantages below. Advantages of Having an Online Job You don’t need to commute. Filipinos spend about 16 days a year stuck in traffic, resulting in about PHP 100,000 of lost income[1]. With an online job, you can avoid the rush hour traffic to and from a traditional office job. You can work at the comforts of your home, not worrying about being at the office on time. More time with your loved ones. Since you don’t need to spend countless hours a day traveling, you can use…
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Reopening Your Business? Guidelines and Tips for Resuming Your Operations
- By Adji Hendrawan
- June 24, 2020
Business reopening in more industries has now been allowed along with the gradual relaxing of quarantine restrictions in the Philippines. Getting back to business after a long lockdown-induced hiatus? “Business as usual” has taken on a whole new meaning during the COVID-19 pandemic. Essentially, it now means observing government-mandated minimum health protocols and doing your part in containing the spread of coronavirus in your community. How do you restart your business in the new normal? Here are the guidelines business owners should follow, plus a few tips on resuming your operations. IATF Business Reopening Guidelines Businesses Authorized to Reopen Under Quarantine Your business may be allowed to fully or partially operate depending on its nature and whether you’re located in an area under the enhanced community quarantine (ECQ), modified enhanced community quarantine (MECQ), general community quarantine (GCQ), or modified general community quarantine (MGCQ). Before you reopen your business, make sure it’s allowed by the government to operate. Check the DTI guidelines on business reopening under community quarantine[1] for the complete list of industries allowed to resume operations under different quarantine levels. Business Reopening Guidelines for Restaurants The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) has authorized food establishments under GCQ to offer dine-in services at up to 30% capacity starting June 15, 2020. Under MGCQ, dine-in operations in restaurants and food retail establishments are allowed at 50% seating capacity. In ECQ and MECQ areas, dine-in operations are prohibited. Only delivery and take-out services can operate at half capacity. Business Reopening Guidelines for Salons and Barbershops If you own…
