“BREXIT,” a combination of “Britain” and “exit,” is the nickname for the British exit from the European Union (EU) that was submitted to a referendum in the United Kingdom on Thursday.
In the referendum, voters were asked: “Should the United Kingdom remain a member of the European Union or leave the European Union?”
In a shocking close-run vote, the British public decided to leave the European Union. The “Leave” campaign won by 52 percent, beating the “Remain” campaign, which drew 48-percent voter support.
What is the case for leaving?
A lot is implied in one of the campaign’s slogans, “Take control.” Britain’s loss of full authority over its economic policies and regulations has so rankled many of the country’s citizens that it has spawned an entire genre of urban legends over the years, called “Euromyths.”
These stories usually feature some aspect of classically British culture that is supposedly under threat. One claimed that double-decker buses were to be banned, while another suggested that fish and chips would have to be written in Latin on menus. The subtext is barely subliminal at all: Gray-suited Brussels bureaucrats are the enemy of Britishness, a threat to Britain’s identity in all its deep-fried, double-decker glory.
Though Britain has accepted a small number of refugees relative to other European countries, British tabloids have implied the country is being overrun by an uncontrollable “swarm” or “tide” of foreigners. Labor migration, particularly from Eastern Europe, has often been painted as economically threatening.
What will happen to Britain if it leaves?
Projections differ significantly over the precise economic effect, but there is a consensus that leaving would hurt Britain financially, at least in the short term.
Without access to the union’s open markets, Britain would probably lose trade and investment. And while the influx of migrant workers has created anxiety over British culture and identity, losing that labor force could lead to lower productivity, slower economic growth and decreased job opportunities, a study by Britain’s National Institute of Economic and Social Research found.
A Brexit could also quickly spawn, err, a “Scexit.” Nicola Sturgeon, the first minister of Scotland, has said that if Britain votes to leave the European Union, she will hold a new referendum in which Scots could vote to exit Britain — and then rejoin the union as an independent nation.
Scotland’s voters rejected such a measure by nearly 10 points in 2014, but analysts say a Brexit could change that because the Scots overwhelmingly support European Union membership.
If Scotland were to leave, that could dramatically alter Britain’s political character, as Scotland’s members of Parliament lean to the left.
Brexit and the Philippine economy
April Lee-Tan, head of research of COL Financial, said fundamentally, Brexit should not have a significant direct impact on the Philippines.
“The UK is not part of the country’s top 10 export destinations—although the UK accounted for around $1.5 billion of our total OFW (overseas Filipino workers) remittances last year,” Tan said.
“The impact is more indirect as the uncertainty as to what would happen after a Brexit is causing people to switch to safe haven currencies—like US dollar, Japanese yen, Swiss franc—and safe haven financial products like sovereign bonds,” Tan said.
ING Bank Manila senior economist Joey Cuyegkeng said the UK decision might also affect Asia and the Philippines, as seen in the financial markets. “But major central banks and major governments are likely to moderate the impact of Brexit,” he said.
“We believe that the economy can withstand such external developments. Higher fiscal deficit spending focused on higher infrastructure spending and greater disposable incomes would likely keep Philippine economic growth in the area of 6-7 percent,” Cuyegkeng said.
Team Think Philippines – Research
A 19-year-old college student has claimed the nearly P33-M Mega Lotto jackpot prize on Monday
The lucky winner said he got the winning combinations from birthdates of his family
He plans to buy a house and lot for his parents and start a business for himself
Despite the fortune, he will still pursue and complete his studies
MANILA, Philippines – A 19-year-old student has come forward to claim the nearly P33-M Mega Lotto jackpot prize on Monday, April 4.
Philippine Charity Sweepstakes Office (PCSO) vice chairman and general manager Ferdinand Rojas II, told Inquirerthe college student from Pasig City claimed the 6/45 lotto top prize amounting exactly to P32,940,388.
The unnamed man is the sole winner who picked the winning number combination 20-24-19-44-16-30 drawn last March 28.
The lucky winner told the PCSO official he got the winning combinations from the birthdates of his family. He bought 2 tickets for P40 and luckily won the jackpot. The winning combination was a standard bet, according to Rojas.
Rojas added the bettor has been playing lotto for over a year. The student bought the winning ticket from an outlet in Kapasigan Public Market in Pasig.
Part of his winnings will be used in purchasing a property – a house and lot – for his parents.
However, despite the huge windfall, the student said he will still pursue his studies to complete a degree. He plans to open a business but has not decided yet on what type he plans to invest on.
Meanwhile, 18 lucky bettors also won P50,000 for getting 5 out of 6 of the winning combinations, while 1,332 won the third prize of P550 each for correctly picking 4 of the 6 lucky numbers.
This company owned by Henry Sy is one of the biggest companies in our country. This is a retail center where various brands of clothes, footwear, bags, accessories, toys, gadgets, and other types of products can be found.
The owner of this company has a very inspiring story, considering that he was born to a poor family in China. Many entrepreneurs were inspired by this man and, until now, most entrepreneurs know him.
His family originally had a sari-sari store, but it was burnt down and was looted in the midst of chaos before the war ends. Henry Sy stayed in the country to start a new business while his father headed back to China. He didn’t lost hope despite the pain and hardship brought by the war.
Today, SM is one of the multibillion-dollar businesses and is very popular all around the world. This proves that perseverance, efforts, and passion are few of the most important traits that you must have to be successful.
Meralco is a well-known electric company here in the Philippines, and it is the largest distributor of electrical power. It holds the distribution franchise of 22 cities and 89 municipalities. Moreover, MERALCO stands for Manila Electric Railroad and Light Company, which is also their original name until 1919.
Though it may look like a tough company, it also has experienced lots of troubles and hardships before it has achieved its place today. Back then, this company is providing mass public transportation with electric street cars, but unfortunately, it was destroyed beyond rehabilitation during World War II.
Other than that, there are also other hardships. Nowadays, Meralco has earned its rightful place and is now the biggest electric distributor in the Philippines.
Ayala Corporation is one of the biggest and well-known companies here in the Philippines founded by Casa Roxas and Antonio de Ayala.
Ayala Corporation owns one of the country’s largest banks, Bank of the Philippine Islands. They also own one of the country’s top telecommunication networks, Globe Telecom.
In addition, they own one of the country’s leading real estate developer, Ayala Land. Other businesses of the Ayalas include Manila Water Company; Microelectronics, Inc., and Integreon.
Jollibee is one of the most popular food chain here in the Philippines with more than 2,500 stores worldwide.
Jollibee started only as an ice cream parlor but the owner had a dream and wanted more. Tony Tan, the founder, traveled to United States to study how the market works for food chains. Instead of franchising other food chains, he expanded his own hamburger-serving fast food named Jollibee. Today, the business is still going strong and is still one of the most well-known fast food chains in the Philippines.
National Book Store, Inc.
National Book Store (NBS) currently has 128 branches all over the Philippines.This number proves that this business is successful. They are widely known especially to students since most of the things that they provide are of their necessity.
What’s good in this company is the story before it came to riches. The person behind the success of NBS is Socorro Cancio-Ramos, a woman who started as a saleslady in another bookstore. When she got married, her family has put up the NBS in Manila.
However, selling books is not very popular during World War II so she decided to sell something other than books. Fortunately, all their stocks were sold during the American era and they have continued to build a small tent to continue their business.
Allow us to write this Political Opinion-Editorial in Filipino-English format to grant the request by the majority our followers. We also commit to find a way in publishing online articles in Ilonggo, Kapampangan and Ilocano in the coming months ahead.
Recently, Dick Gordon and Bagumbayan Volunteers for a New Philippines (BVNP)’s Petition for Mandamus was granted by the Supreme Court however at this moment,still the COMELEC is not giving up on appealing before the SC to repeal the implementation of the Voter’s Receipt as part of the verification and security feature of our Vote Counting Machine/Formerly known as PCOS machines.
However, like you, we also share the same questions inside our minds :
1. Bakit nga ba ayaw hayaan ng COMELEC na nangangasiwa ng ating malawakang halalan na magka resibo at kakayahan ang taumbayan na magkaroon ng kasiguradohan na ang ating mga boto ay hindi lamang nabasa kundi na bilang ng tama?
(C) GOOGLE IMAGES
2. Kung ang simpleng transaction natin sa pagsakay at pag gamit ng TNVS/Car sharing apps kagaya ng Uber at Grab ay merong online receipt at pinapadala pa sa ating email bakit ang PHP 5,000,000,000 (5B) worth of voting machines natin na pinagyayabang nila na high-tech ay hindi nila magawan ng paraan na mag labas ng resibo at pilit nilang hinaharangan? Pwede ba natin masabi na ang ating COMELEC na limpak-limpak ang budget ay isang palpak at mas matino at maayos pa ang isang startup/naguumpisang negosyo na Uber at Grab sa pagbigay halaga at importansya sa seguridad at integridad ng transaksyon nila sa mga tao?
NOTE : This kind of receipt by Uber Philippines will be sent to your email in less than 1 minute after arriving at your destination and paying your driver.
UBER RECEIPT IN THE PHILIPPINES
3. Bakit pilit na ikinakatakot ng COMELEC na tumagal ang halalan ng additional na 20 hours kung meron tayong resibo para sa kada botante kung ito naman ay makakapanigurado na tayo ay may kapasidad na beripikahin kung ang boto natin ay tama at nabilang.
(C) Dick Gordon’s Facebook page
Bilang isang malaya at nagiisip na modernisadong Pilipino malamang ito na ang panahon upang suportahan natin ang isang tao kagaya ni Dick Gordon na ipaglaban ang karapatan natin na magkaroon ng access sa isang verification mechanism kagaya ng voter’s receipt. H’wag natin hayaan na ang COMELEC ay patuloy tayo na linlalingin at mag wagi na naman ang mga taong may pansiriling interest at “allegedly” may capacity to electronically rig the counting process of our voting machines/pcos.
We, Filipinos deserve to be heard and be empowered to verify if our votes were truly counted.
Let us stand up and fight the oppressive and backward thinking of Comelec!
MARCH 17, 2016 – 9:00 AM AT SUPREME COURT, PADRE FAURA, ERMITA, CITY OF MANILA
Capital is the lifeblood of any business venture. If you are planning to expand your business, you will need capital and one of the most common options is a bank business loan. However, there are alternatives that you can explore, such as:
Friends and Family
They are easily the first people that you can turn to if you need additional funding. Inviting them to invest in your company is a practical option to traditional forms of financing. It has its advantages including minimal (or none at all) interest payments and avoiding the hassle of bank contracts.
Approach them with a solid business plan and maintain constant communication with them regarding the progress of the business. This maintains the trust and relationship you have. With the understanding that their money may not be returned because, in most cases, they are investing in YOU, not your business. Commonly, this kind of capital acquisition does not have any strings attached, but when your business succeeds, a reward to your “investors” would be a good gesture.
This involves raising funds from a large number of people. These days, it is commonly done online. Depending on the terms you’ll set, funds can either be considered as donations, loans, or investments. Your “backers” contribute a fixed amount to the business for which they will receive a reward. Crowd funding has fewer restrictions compared to bank loans and is ideal for a business that is in its early stages or if you don’t qualify for a bank loan.
Usually, angel investors include affluent individuals or groups. Unlike pooling funds from family or friends without any strings attached, angel funders (as angel investors are commonly called) provide capital in exchange for convertible debt or ownership equity. Tapping the right investor has got to do with proper timing and leveraging the right contacts. They do their due diligence on your business and if it meets their requirements, they will schedule a meeting to get to know you and your business more.
These are small loans given to entrepreneurs who have little to almost no collateral. Often, it has restrictions on what you can spend your money on—either working capital, equipment, or operation costs. Interest rates vary depending on the size and duration of the loan. Most micro-lenders require their borrowers to undergo business training and planning seminars before releasing the loan.
Aside from a bank loan, there are other ways to acquire business capital. You just need to figure out which alternative will work best for your business. Consider the pros and cons of each option carefully so that you can optimize your choice.
THIS IS AN ORIGINAL ARTICLE PUBLISHED BY ESQUIRE FINANCING, INC.
[T] oday is Rizal’s 119th death anniversary. The President of the Republic himself will lead the early morning ceremonies in Luneta Park to commemorate the heroism and martyrdom of the great Malayan. There is one eyewitness to Rizal’s execution whose observation was told to a journalist in 1949, or 53 years after the event. A man named Hilarion Martinez, then 72 years old, relayed to Alberto Mendoza of the Sunday Times Magazine what he witnessed during Rizal’s execution.
In 1896, a then 20-year old Martinez was a member of the Leales Voluntarios de Manila (Loyal Volunteers of Manila) and was assigned to the drum corps. Martinez and his fellow drum corps members accompanied the condemned man from the time he left Fort Santiago until he reached Bagumbayan.
Because of his role in the drum corps, it is said that he occupied a good vantage point from which to observe the execution. Martinez’ complete account is reproduced below: t was six o’clock in the morning of December 30, 1896, when we woke up at our quarters at the corner of Sta. Potenciana and Magallanes Streets, in Intramuros, to attend the execution of Jose Rizal, about which we had been briefed the day before. We were in the Leales Voluntarios de Manila, a semi-military organization under the command of Capt. Manuel Leaño. Our immediate officer was a youthful Spanish lieutenant named Juan Pereira. I was twenty years old then, and a member of the drum corps.
“We marched out of Intramuros through the Puerta Real, or where Nozaleda (now General Luna) Street out through the walls on the south, clad in our cañamo uniforms and with our cajas vivas strapped around our waists. We proceeded to what is now Padre Burgos Street, under an overcast sky and a biting December morn.”
Bagumbayan is not the Luneta now. The waters of Manila Bay still reached the other side of Malecon Drive (now Bonifacio Drive) where the new Luneta is located. The Luneta of those days was as far back as the site of the old Bagumbayan police station, near which lush bamboo thickets grew.
As we rounded the corner of P. Burgos and General Luna Streets, we got a glimpse of the cuadro, a square formation of about ten companies of Filipino and Spanish soldiers. The former occupied the inner portion of the quadrangle, while the latter were at the rear. This formation was strategic because the Filipino soldiers’ position within the cuadro signified that the Spanish authorities wanted Rizal to die in the hands of the Filipino soldiers. If the latter disobeyed the command to fire upon Rizal, the Spanish soldiers positioned at the rear would fire upon them.
There were civilian spectators, too. The side of the cuadro near the bay was open.
“As we approached the quadrangle, we saw some Spanish military officers earnestly talking in low voices. Rizal was nowhere to be seen – yet. Not having had a glimpse of the man before, I began to wonder what he looked like. I remembered how my mother told me Rizal was so learned, nobody could poison him as he always carried with him his own spoon and fork with which he could detect whether his food was poisoned or not. I heard too, of his fighting for our (Filipino) cause aside from legends that were beginning to be woven around him. “
Soon the small crowd heard the muffle sound of our approaching vivas draped with black cloth during execution ceremonies. A slight commotion broke out at the right end of the cuadro near the bay as some soldiers with fixed bayonets entered followed by a man in black, his arms tied at the elbows from the back, on his head, a derby hat or chistera, on his sides, a Spanish officer and a Jesuit priest.
“When I saw the man, I knew he was Rizal. “
A group of Spanish officers who were standing nearby opened into a semicircular formation or media luna. Then a Spaniard (we would learn later he was Lt. Luis Andrade, one of Rizal’s popular Spanish defenders and sympathizers) affectionately shook the latter’s hand. When Rizal was near the center of the quadrangle, the mayor de la plaza, a colonel, announced at the bandillo: “En el nombre del Rey, el que se levante la voz a favor del reo sera ejecutado.” (In the name of the King, he who raises his voice in favor of the criminal will be executed.)
“A deep silence enshrouded the whole assembly. ”
We in the drum corps were about seven paces behind Rizal who then faced the bay. Our commanding officer approached us and told us should Rizal attempt to speak aloud, we should beat our drums hard to drown out his voice. I looked at Rizal. He was of regular build, unshaven, quite pale, perhaps as a result of his confinement but he was visibly composed and serene. A Jesuit approached him, said a prayer and blessed him. Then a colonel approached him too, as our commanding officer ordered us to move two paces backwards, and the firing squad of six Filipinos came forward and took our former position behind Rizal. With visible effort, Rizal raised his right hand which was tied and took off his chistera or derby hat. My heart beat fast, as in all other executions I had witnessed before, I felt tense and nervous. Amidst the silence, Rizal moved his head very slowly up and down, his lips moving as if in prayer.
Then the commanding officer by means of his saber, signaled the firing squad to aim. Then the saber dropped and there was a simultaneous crack of rifle fire that shattered the stillness of the morning. Jose Rizal wheeled in one last effort and toppled forward with a thud, his face towards the sky and his derby hat thrown ahead. He had fallen in the direction of the bay.
“Many of the reos [condemned criminals] had been caused to kneel and be hoodwinked before they were shot on the head. But Rizal was spared that humiliation. “
Suddenly, as if from nowhere, a small dog appeared and ran in circles around Rizal’s fallen body, barking and whimpering.
This incident would much later be the subject of our talk in our quarters. Some of my comrades were quick to conclude that it was a premonition of a coming misfortune. “Then the capitan militar de la sanidad (medical officer) stepped forward, knelt before the fallen man, and felt his pulse. Looking up, he beckoned to a member of the firing squad to come forward and give the final tiro de gracia, another shot done at close range. I thought I saw a faint haze rise from Rizal’s coat, but it might be a wisp of the morning mist. Seeing the body before me, I felt weak. “The officers began to show animation again. They fell in formation and marched to the tune of the Spanish national air, the Paso Doble Marcha de Cadiz.
“As was customary in past executions, we filed past the body to view it for the last time. When we were commanded ‘eyes left,’ I did not shut my eyes as I did at the sight of the several reos whose heads were blown off by rifle fire. I wanted to see the face of the man for one last time. Rizal lay dead on the dewy grass. The day had started and I realized that I was gazing on the face of the great Malayan; that I was witnessing history in the making.”
[Source: Alberto Mendoza, “I saw Rizal Die,” Sunday Times Magazine 29 December 1949, pp. 10-11.]