Financial IQ: Chinatrust Philippines Loan

I got this email offering non-collateral loan.  Interest rates are quite high (approximately 16% per annum = 1.36% x 12 months).  This type of Philippines loan has its place especially if we need quick cash to buy assets not liabilities.

CHINATRUST PHILIPPINES OFFERS LOAN

FROM 20,000 UP TO 1 MILLION IN 48 HOURS


WE OFFER THE FASTEST PROCESSING TIME 48 HRS.!!!


1.  FORMER CHINATRUST SALARY LOAN CLIENTS –
        RE-AVAIL YOUR LOAN OPEN TO 100% FULLY PAID ACCOUNTS


48 hrs release  for top 7000 Corp. Employees!!!!!
5 working days release for NON-TOP 7000 Corp. employees……..


COVERAGE: Working in the following areas only
METRO MANILA, LAGUNA (up to Calamba, and San Pablo & Los Banos), CAVITE, BULACAN (Meycauayan, MARILAO, BOCAUE, MALOLOS, CALUMPIT, Balagtas, san Jose del Monte, Sta. Maria, Guiguinto, Obando, Plaridel, Hagonoy, Bulacan) RIZAL (Antiopolo, Cainta, Taytay, Angono, Binangonan, San Mateo, MONTALBAN), PAMPANGA (San Fernando, Angeles, Mabalacat, DAU, PORAC, APALIT, Guagua, Mexico, Magalang, Sta. Rita, San Simon, Lubao, Bacolor, Sta. Ana, Sexmoan) ZAMBALES (OLONGAPO, SUBIC, San Marcelino, Castillejos), CEBU, and DAVAO, TARLAC (Bamban, Tarlac City, CAPAS, GERONA) BATAAN, BATANGAS (Batangas City, Lipa City, MALVAR, TANAUAN, STO. TOMAS), MISAMIS ORIENTAL, CAGAYAN DE ORO, BUKIDNON, ILIGAN CITY)


at 1.39%- 12 MONTHS, 1.49%- 18 MONTHS & 24 to 36 MONTHS -1.69%
INTEREST RATES… applies for loan amount 50k above…
For loan amount below 50k
1.79% for employees of top 7,000 corp
1.89% for employees of non-top 7,000 corp


GENERAL QUALIFICATIONS:
ATLEAST 23 – 60 YEARS OLD,
1 YEAR REGULAR EMPLOYEE WITH CURRENT EMPLOYER, IN THE PHILIPPINES ONLY
Php 15,000.00 MONTHLY BASIC SALARY – working within Metro Manila, Cavite & Rizal
Php 10,000.00 MONTHLY BASIC SALARY – working within LAGUNA, Bulacan, Pampanga, Olongapo, Subic, Cebu, Davao, Tarlac, Bataan, Batangas and Cagayan de Oro




QUALIFICATIONS AND REQUIREMENTS FOR EMPLOYEE:
TO QUALIFY:
1. 23 to 60 yrs old upon loan maturity
2. must be within the coverage_area  
3. income requirements:
   a. 15,000 basic salary (Metro Manila, Rizal, Cavite)
   b. 10,000 basic salary (other areas - laguna, batangas, pampanga, zambales, bataan, cebu, davao)
4. work tenure:
   a. 1 year - Regular employee
   b. 2 years - Call center / BPO Agent status & frontliner


REQUIREMENTS:
1. Application form - request or download
2. company id and 1 gov't issued id with 3 specimen signatures
3. ITR 2316 for the year 2009
4. 1 month Payslip - (3mos. might be required)
5. COE - (required for Call Center , BPO & selected_companies - check if your company is included)
6. Proof of Billing Address - (required for Call Center & BPO only)




QUALIFICATIONS AND REQUIREMENTS FOR SELF-EMPLOYED:
TO QUALIFY:
1. open to all self employed (sole-proprietor)
2. Business must be atleast 3 years in operation
3. 25 to 60 years old upon loan maturity
4. must be within the existing coverage_area  
5. must have an existing credit card for 1 year in good standing


REQUIREMENTS:
1. Application Form - request for a copy or download
2. DTI Registration (unexpired)
3. 6 months bank statement or copy of passbook showing 7 months transaction
4. 2 months latest credit card statement
5. photocopy credit card
6. 2 government issued ID (very clear copy)
7. 3 suppliers and 3 client with landline
8. Proof Of Billing
9. 3 specimen signatures




QUALIFICATIONS AND REQUIREMENTS FOR PROFESSIONALS
TO QUALIFY:
1. open to all professional with PRC
2. must be practicing professional for at least 3 years
3. 25 to 60 years old upon loan maturity
4. must be within the existing coverage_area  
5. must have an existing credit card for 1 year in good standing


REQUIREMENTS:
1. Application Form - request for a copy or download
2. PRC ID (unexpired)
3. 6 months bank statement or copy of passbook showing 7 months transaction
4. 2 months latest credit card statement
5. photocopy credit card
6. 2 government issued ID (very clear copy)
7. 3 suppliers and 3 client with landline
8. Proof Of Billing
9. 3 specimen signatures




REQUIREMENTS FOR PART OWNER OF CORPORATION
REQUIREMENTS:
a. APPLICANT’S REQUIREMENTS
1. Application Form
2. 1  month latest pay slip
3. Company Id & 2 government Issued Id w/ Picture (very clear copy)
4. ITR 2316
b. Documents under company
5. Copy of 3 months Bank Statement  - under company
6. Copy of 2 years Financial Statement & ITR,
7. Copy of SEC Reg.
8. Copy of General Info Sheet (GIS)
9. 3 Suppliers and 3 clients reference
10. 3 specimen signatures




NOTEs:
1. GOVERNMENT EMPLOYEES NOT QUALIFIED TO AVAIL (only SSS, GSIS, Philhealth, DBP, Landbank employee accepted).
2. FOUNDATIONS / NGO’S NOT QUALIFIED TO AVAIL

Learning Opportunity: Firewalk Bootcamp 3

THE FIREWALK BOOTCAMP 3 "Mastering The Laws of Prosperity To Fireproof Your Dreams" Dear friend, Greetings!  We would like to formally announce that we are now accepting public registrations for Batch 3 of the Philippines' most awaited personal development program. Date: October 1 (Friday), 2 (Saturday) and 3 (Sunday) Venue: Tagaytay Country Hotel For registration and inquiries: Call 748-7646 or 382-9997 and look for Charm or Belle Register today to avail of our early bird promo!  Due to the ever-increasing demand for this training seminar which we rarely conduct, please note that this program will get sold out with or without you. So don't wait any further and don't second guess. Register now!  We invite you to experience an unforgettable 3-day workshop that will change your life forever!!!  ARE YOU READY TO RECEIVE THE BIGGEST INCOMES OF LIFE DESPITE THE WORLD'S WORST FINANCIAL CRISIS? www.firewalkphilippines.com

Learning Opportunity: China Fair and China Machinery and Electronic Products Exhibitions

China Fair and China Machinery and Electronic Products Exhibitions
Date:August 19, 2010 - August 21, 2010
Time:8am - 5pm
Venue: SMX Convention Center, Seashell Drive, Mall of Asia Complex, Pasay City, Philippines (Halls 1-2)
Description:For more information about this event, please visit www.globallinkmp.com, or call 750-8588.

Highlights :
China Machinery & Electronic Products Exhibition is features Chinese manufacturers of machinery and electronic products, circuit breaker, coated abrasive products plastics, rubber, machines-tools - tools, metal working industries, electronic design & components home appliances, automobile and auto parts, food processing and packing machinery

Tradeshow Profile :
International Exhibition of China Machinery and Electronics Products, environmental protection and gardening equipment, medium-and-low-voltage electrical components, wire and cable, camera, mobile phone and other communication facilities, ice machine, pump and valve..

Exhibitor's Profile :
Automobile and auto parts, food processing and packing machinery, construction machinery and hardware, bathroom and kitchenware, doors and windows and processing equipment, machinery components, metal processing equipment.

Visitor's Profile :
AC contractor, agricultural machinery, air compressor, amplifier, auto bulb, auto parts, automatic photo - controls, automobile, bathroom accessories, bathroom fixtures, beach car, bicycle helmet / kneepad, blower, board, bread cooker, brushless motor, building materials, camera, car accessories, car LCD motor.

Financial IQ: Use your Citibank credit card and get a cash rebate

Citibank's cash rebate program is one of the best right now in Philippines.  Even though you can only apply the rebate on selected establishments such as Mercury Drug, Shell fuel, Shopwise supermarket, Rustan's supermarket, and movie pass credit... you can still get an immediate savings of 6.7% (P100 cash rebate divided by P1500 credit/charge).  You may want to consider using any Citibank card whenever your transaction is at least P1500.

Your Reward, Your Choice. Overview Terms and Conditions Frequently Asked Questions
	Have the freedom to choose how you want to be rewarded.  Just spend at least P1,500 on your Citi Card and exchange your charge slip for a movie pass worth P100 at partner cinemas orP100 off at participating Shell stations, Rustan's Supermarkets, Shopwise, Mercury Drug branches, Rustan's Department Stores or at Stores Specialists, Inc. (SSI) stores. You may exchange up to 2 charge slips per day. To enjoy instant rewards that matter, all you need is your Citi Card.
	Per DTI-NCR Permit No. 4748, Series of 2010

http://www.citibank.com.ph/PHGCB/APPS/portal/loadPage.do?tabId=Credit%20Cards&path=/promo/cards/1007_alpha_main.htm

Financial IQ: Review of Rich Dad Poor Dad - Part 4 of 4

Lesson 6: Work to Learn –Don’t Work for Money
The Author’s Odyssey
After college graduation Robert Kiyosaki joined the Marine Corps. He learned to fly for the love of it. He also learned to lead troops, an important part of management training. His next move was to join Xerox where he learned to overcome his fear of rejection. The thought of knocking on doors and selling copiers terrified him. Soon he was among the top 5 salespeople at the company. For a couple of years he was No.1. Having achieved his objective – overcoming
his shyness and fear—he quit and began minding his own business. Learn skills like PR, marketing, and advertising. Take a second job if it means learning more.

A Difference in Education
Schools train professionals. Professionals become so specialized they cannot apply themselves in other fields and need to form unions to protect their jobs. Remember you can have a profession, say, learn to be a pilot if you want to learn how to fly, but at the same time mind your own business. The rich “groom” the next generation by training the heir in all aspects of running the business. They move him from department to department so he learns how
each one relates to the other. Specialization is not the key here, but picking up important lessons from each area and seeing the business as a whole.

Rich Dad groomed Kiyosaki and Mike in the same manner. Mike would later take over Rich Dad’s empire, which included restaurants, convenience stores, and a construction company. Kiyosaki created his own empire with real estate, new products and educational materials.
Five Obstacles to Financial Independence

• Fear. Don’t play it safe and cling to what you think is secure. If you don’t go for it and think big you won’t be able to earn big.
• Cynicism. Don’t listen to advice of others who are not doing what you intend to do. Listen to your self and those who are doing what you aim to do.
• Laziness. Greed is good and fights laziness. Think about the freedom and money you’ll have and you will put in those extra work hours. Change your thinking. Instead of saying “I can’t afford it.” Ask yourself “How can I afford it?” Challenge your mind to create solutions.
• Bad Habits. Spending habits should turn into saving and investing habits.
• Arrogance. Don’t think you know everything there is to know about money.
• Listen to others. Enroll in useful seminars.

Ten Steps to Awaken Your Financial Genius:

• Find a reason greater than reality, a big dream. Think of the freedom, the lifestyle wherein you control your own time. Think of what you don’t want, i.e. “I don’t like being an employee”.
• Use the power of choice, daily. You can choose to watch MTV, or watch CNBC. It’s how you choose to use your time and energy everyday that brings financial success in the long run.
• Choose your friends carefully. It pays to have friends who are focused and achieving their goals. Surround yourself with friends you can learn from.
• Master a formula. Learn a new one, and learn fast.
• Pay yourself first. Practice self-discipline by keeping expenses low.
• Tenants can pay for your expenses if you rent out apartments or ministorage, for instance. Savings are used for investing and creating more money, not for paying bills.
• Pay your broker well. Attorneys, accountants, stockbrokers, and real estate brokers will have more incentive to work harder for you. If they make more money, it means you make more money as well. 3-7% is a good incentive.
• Be an Indian giver. It’s the concept behind ROI. (Return on investment)
• Invest and then take the initial money out after a time when the investment has earned for you.
• Buy luxuries last. Let the income from your growing assets afford you the new car. Wait for your asset base to grow first. Middle class people buy luxuries first, on credit.
• Find yourself a hero. When you play golf you can imagine you are Tiger Woods. When you do business, you can ask yourself, “What would
• George Soros have done if he was in my place right now?”
• Teach and you shall receive. As in money, love, or friendship. If you give without expecting anything in return, you receive more.

To-Do List

• Stop what you’re doing. Take a step back to assess your situation. Stop doing what is not working and look for a new option.
• Look for new ideas.
• Take action. Find someone who has done what you want to do. Take them to lunch. Ask for tips.
• Take classes and buy tapes.
• Make lots of offers. Finding a good business deal is a lot like dating. You must go to the market and talk to a lot of people, make offers, counteroffers, negotiate, accept and reject. Many single people sit at home waiting for the phone to ring instead of going out and hitting the dating scene.
• Take a walk through your neighborhood and look for bargain real estate deals.
• Buy the pie and cut it into pieces. People buy only what they can afford so they think small. Think big. This goes for land and other investments.
• Learn from history. Colonel Sanders lost everything in his 60’s and started from scratch with a fried chicken recipe. Bill Gates became rich before he was 30.

ACTION ALWAYS BEATS INACTION.
"IF YOU'RE DOING SOMETHING YOU CARE DEEPLY ABOUT AND IF YOU BELIEVE IN IT, IT'S IMPOSSIBLE TO IMAGINE NOT TRYING TO MAKE IT GREAT."

Financial IQ: Review of Rich Dad Poor Dad - Part 3 of 4

Lesson 4: The History of Taxes and the Power of Corporations
Income tax has been levied on citizens in England since 1874. In the United States it was introduced in 1913. Since then what was initially a plan to tax only the rich eventually “trickled down” to the middle class and the poor. The rich have a secret weapon to shelter themselves from heavy taxation. It’s called the Corporation. It isn’t a building with the company name and logo in brass signage out front. A corporation is simply a legal document in your attorney’s file cabinet duly registered under a government state agency. Corporations offer great tax advantages and protection from lawsuits. It’s the legal way to protect your wealth, and the rich have been using it for generations. Do your own research and find out what taxlaws will bring you the best advantages.

The Golden Rule: PAY YOURSELF FIRST.
Rich dad says paying yourself first forces you to create more sources of
income to cover your expenses. It’s a simple rule that works like this:

The Rich with Corporations	People who work for corporations:
Earn	Earn
Spend	Pay Taxes
Pay Taxes	Spend

Key Financial IQ Components:
It helps to take some courses to gain financial literacy; rich dad stresses
the importance of learning –

1. Accounting. It pays to know how to read financial statements. When acquiring businesses or assets you need to quickly see the financial standing of the company you are acquiring. Many grown adults do not know how to balance a balance sheet. In the long term, this knowledge will pay off for you and your business.
2. Investment Strategy. This skill will sharpen with experience. Talk to investors and observe how they play the game. Kiyosaki and Mike spent many boyhood hours sitting in on Rich Dad’s meetings with brokers, accountants, and attorneys.
3. Market Behavior. Know the laws of Supply and Demand. No business owner can do without understanding these basic principles of the market. Bill Gates saw what people needed. Open your eyes to opportunities. Look at what sells and who buys.
4. Law Kiyosaki recommends doing everything you can to grow your business within legal boundaries. Know your corporate, state, and accounting laws.

Lesson 5: The Rich Invent Money
Self-confidence coupled with high financial IQ can certainly earn more for you than merely saving a little bit every month.
Make good use of your time and find the best deals.
An example: In the early 90’s the Phoenix economy was bad. Homes once valued at $100,000 sold for $75,000. Kiyosaki shopped at bankruptcy courts and bought the same houses at only $20,000. He resold these properties for $60,000 making a cool $40,000 profit. After six more transactions of the same manner he made a total $190,000 in profit and it only took 30 hours of work time. Rich Dad explains there are Two Types of Investors:

• Buyers of Packaged Investments.  This is when you call a retail outlet, real estate company, stockbroker or financial planner and put your money in ready-made investments.  It’s a simple, clean way of investing.
• The Professional Investor.  Design your own investment. Assemble a deal and put together different components of an opportunity. Rich dad encourages this type.  You need to develop three main skills to be this type of investor, namely how to:
• Identify an opportunity everyone else has missed.
• Raise capital
• Organize smart people

Identify an opportunity everyone else has missed.
Learn to identify hidden Freebies in business deals. For example: The real business of McDonald’s isn’t hamburgers. It’s the free real estate underneath each franchise, on every important intersection, in cities all over the world that is the real wealth of its owners.

THERE IS ALWAYS RISK. You need to learn how to manage risk and not avoid it.

http://www.richdad.com/store/ProductDetail.aspx?id=2

Financial IQ: Review of Rich Dad Poor Dad - Part 2 of 4

Lesson 2: Why Teach Financial Literacy?
They don’t teach this at school.
The growing gap between rich and poor is rooted in the antiquated educational system. The system trains people to be good employees, and not employers. The obsolete school system also fails to provide young people with basic financial skills rich people use to grow their wealth.
Know your options and use this knowledge to build a formidable asset column. In an age of instant millionaires it really isn’t about how much money you make, it’s about how much you keep, and how many generations you can keep it.

Steps to get out of the proverbial rat race:
1. First, understand the difference between an asset and a liability.

Assets	Liabilities
Real Estate	Mortgages
Stocks	Consumer Loans
Bonds	Credit Cards
Notes
Intellectual Property

The poor have day-to-day expenses, the middle class purchase liabilities that they think are assets (i.e., a home or a car), and the rich build a solid base of income-generating assets.
The middle class finds itself in a constant state of financial struggle. Their primary income is wages, as wages increase, so do their taxes. Expenses increase as wages increase. Hence the phrase “the rat race.” They treat their home as their primary asset instead of investing in incomegenerating assets.

The rich get richer because they keep acquiring more assets and investments to generate more income, which far exceeds their expenses.

Reasons why the home is not an asset but a liability:
1. People work almost all their lives to pay off a home (30-year loans)
2. Maintenance and utilities expenses.
3. Property tax
4. House values can depreciate.
5. Instead of investing in income-earning assets, your money goes out to
payments for the house.

Your losses:
1. Time that could have been used to grow value in other assets.
2. Capital which could have been invested rather than paying home-related
expenses
3. Education that makes you a Sophisticated investor
If you want to buy a house, first generate the cash flow by acquiring
assets, which bring income to pay for it.
Examples of real assets are:

1. Apartments for rent
2. Real estate
3. Businesses that do not require your physical presence. You hire managers.

Average time of holding on to an asset before selling it for a higher value:
1 year

• Stocks (Startups and small companies are good investments)
• Bonds
• Mutual funds

7 years

• Real estate
• Notes (IOUs)
• Royalties on intellectual property
• Valuables that produce income or appreciate

In summary, the key steps to getting out of the rat race are the ff:

1. Understand the difference between an asset and a liability.
2. Concentrate your efforts on buying income-earning assets.
3. Focus on keeping liabilities and expenses at a minimum.
4. Mind your own business.

Lesson 3: Mind Your Own Business
KEEP YOUR DAY JOB BUT START MINDING YOUR OWN BUSINESS.
Kiyosaki sold photocopiers on commission at Xerox. With his earnings he purchased real estate. In 3 years’ time his real estate income was far greater than his earnings at Xerox. He then left the company to mind his own business full time. He knew that in order to get out of the rat race fast, he needed to work harder, sell more copiers and mind his own business.
Don’t spend all your wages. Build a good portfolio of assets and you can spend later when these assets bring you greater income.

http://www.richdad.com/store/ProductDetail.aspx?id=2

Financial IQ: Review of Rich Dad Poor Dad - Part 1 of 4

Author: Robert Kiyosaki
Publisher: Viking (Penguin Group)
Date of Publication: 2006

The Big Idea

FINANCIAL LITERACY = FINANCIAL INDEPENDENCE

A true tale of two dads— one a highly educated professor, the other, an eighth grade dropout. Educated dad left his family with nothing, except maybe some unpaid bills. The dropout later became one of Hawaii’s richest men and left his son an empire. One dad would say, “I can’t afford it” while the other, asked, “How can I afford it?”
Rich dad teaches two boys priceless lessons on money, by making them learn through experience. The most important lesson of all is How to Use Your Mind and Time to create personal wealth. Free yourself from the proverbial “rat race”. Learn to spot opportunities, create solutions and “mind your own business”. Learn to make money work for you, and not be its slave.
Rich Dad’s Words of Wisdom:

You are what you Think.
A job is a short-term solution to a long-term problem.
A highly paid slave is still a slave.
Why climb the corporate ladder when you can own the ladder?
Good Thinking:
Two roads diverged in a wood, and I—
I took the one less traveled by,
And that has made all the difference.
Robert Frost, from ‘The Road Not Taken’
Overview
There is a Need.
The rationale for teaching people financial literacy comes from the fact there is no real job security these days. Even after years of toil, the poor and middle class may find they do not have sufficient funds for their children’s college education, or their own retirement. Why work for a
corporation, the government, and the bank all your life? Awaken your financial genius and gain financial independence and freedom!

Lesson 1: The Rich Don’t Work For Money
At age 9, Robert Kiyosaki and his best friend Mike asked Mike’s father (Rich Dad) to teach them how to make money. After 3 weeks of dusting cans in one of Rich Dad’s convenience stores at 10 cents a week, Kiyosaki was ready to quit. Rich Dad pointed out this is exactly what his employees sounded like. Some people quit a job because it doesn’t pay well. Others see it as an opportunity to learn something new.
WORK TO LEARN
Next Rich Dad put the two boys to work, this time for nothing. Doing this forced them to think up a source of income, a business scheme. The opportunity came to them upon noticing discarded comic books in the store. The first business plan was hatched. The boys opened a comic book library and employed Mike’s sister at 1$ a week to mind it. Soon they were earning $9.50 a week without having to physically run the library, while kids read as much comics as they could in two
hours after school for only a few cents.

http://www.richdad.com/store/ProductDetail.aspx?id=2

Financial IQ: Philippines Retail Treasury Bonds offered on August 2010 - Part 2 of 2

After seeing the Philippines retail treasury bonds (RTB) advertisement, I look around for news related to this financial product.  Apparently, this financial instrument (retail treasury bond) was already being discussed for several days already.  No need to worry on the legitimacy of the offer.  This financial product (retail treasury bond) is issued by the government, which is among the least riskiest as only the implosion of the government will cause for this financial instrument to remain unpaid.

P25B raised from retail treasury bonds 

Ronnel Domingo

Philippine Daily Inquirer

First Posted 18:09:00 08/10/2010

MANILA, Philippines—The Bureau of Treasury raised on Tuesday P25 billion from retail treasury bonds in a price setting auction for five-year, seven-year and 10-year issues.

The five-year bond fetched 5.875 percent, the seven-year 6.625 percent, and the 10-year 7.25 percent.

Issue managers said they would recommend offering another P50 billion worth of the RTBs to the public, to be available under August 17.

Treasury plans three tenors for planned RTB issuance

Katrina Mennen A. Valdez

The Manila Times

August 3, 2010

The government said it plans to borrow money on five-, seven-, and 10-years’ notice through its planned retail Treasury bond (RTB) issuance.

In a text message on Monday, National Treasurer Roberto Tan said the government has engaged a syndicate of banks that include BDO Capital and Investment Corp., BPI Capital Corp., First Metro Investment Corp., Philippine National Bank, Rizal Commercial Banking Corp., and the state-owned Development Bank of the Philippines and Land Bank of the Philippines to arrange the issuance of the RTBs to be scheduled this month or in September.

“[The Bureau of Treasury] is considering to [issue] five-, seven- and 10-year tenors, while the timetable for the said RTBs is still being finalized,” Tan said.

Individuals can buy these RTBs for a minimum of $100 up to a maximum of $100,000.

This will be the government’s 12th retail debt paper sale, which aims to raise P20 billion to P30 billion to refinance maturing debts.

In April, the previous administration sold $500 million worth of multi-currency RTBs. The Treasury bureau also raised P114 billion from an RTB sale conducted on September 2009 to partially bridge its fiscal deficit.

The latest RTB issuance would help the government settle P36.47-billion worth of three-year bonds and P38.76 billion worth of five-year debt papers that would mature starting this month until September.

Although the total maturing debts have reached P75.23 billion, Tan said the government does not need to increase the size of its latest RTB issuance. 

Finance Secretary Cesar Purisima said they are still studying whether the Treasury bureau could conduct a global bond or peso-bond sale right after the retail debt paper issuance.

“We would like to conduct the peso global bonds within the year. But we are still waiting for the perfect time, so that it would benefit us more,” Purisima said.

Treasury names arrangers of P30-B RTB issue 

Ronnel Domingo

Philippine Daily Inquirer

Posted date: August 02, 2010

MANILA, Philippines—The government has given the go-ahead to a group of financial institutions to arrange the issuance of this year’s issuance of up to P30 billion in retail treasury bonds (RTBs), according to National Treasurer Roberto B. Tan.

The group included BDO Capital, BPI Capital, Development Bank of the Philippines, First Metro Investment Corp., Land Bank of the Philippines, Metropolitan Bank and Trust Co., Philippine National Bank and Rizal Commercial Banking Corp.

“The Bureau of the Treasury is considering to issue RTBs in tenors of five, seven and 10 years,” Tan said.

“The timetable [for the issuance] is being finalized,” the treasurer said, although he said last week the plan was to conduct the flotation this August.

Tan said the upcoming offering would be the 12th tranche of RTBs since 2001 and that the latest batch was meant to replenish the supply of the small-denominated debt paper since a big amount of previous issues would mature in the next few weeks.

Tan earlier said that the government was also looking into proposals for debt swaps covering bonds denominated in pesos and dollars as well as a maiden issue of peso-denominated bonds aimed at foreign investors.

Earlier this month, Deputy Treasurer Eduardo S. Mendiola said P75.23 billion in RTBs were maturing in August and September.

These include P36.47 billion in three-year bonds and P38.76 billion worth of five-year bonds.

Mendiola said that with the planned offering, the Treasury was making room for small investors who were not accommodated during previous floats of three- and five-year RTBs.

RTBs suit small investors because of the low minimum investment of P5,000.

While large companies and government-owned firms may also buy RTBs, government securities eligible dealers are directed to prioritize small investors.

Mendiola said the Treasury expected the same buyers to roll over their investments, adding that the exercise would help absorb too much liquidity in the financial market.

The last time the Treasury issued RTBs was in September last year when it raised more than P100 billion.

Financial IQ: Philippines Retail Treasury Bonds offered on August 2010 - Part 1 of 2

I read an advertisement on Philippine Star (dated August 11, 2010) about an offering of Philippines Retail Treasury Bonds.


What is a Retail Treasury Bond?

• The Philippine Retail Treasury Bond (RTB) is a direct and unconditional obligation of the Philippine government generally considered a safe and liquid investment opportunity. The RTB, issued by the Bureau of Treasury, is one way for the government to raise needed funds.
• It is safe because it is fully backed by the government and rarely does a government, including the Philippines, defaults on a debt security such as this. It is liquid because it can be traded in the secondary market prior to maturity.
• It is called Retail because at P5,000 (US$112) minimum investment, even individuals can invest on this type of financial instrument.

Terms of offer

•  5-Year RTB due 2015 - 5.875% per annum
•  7-Year RTB due 2017 - 6.625% per annum
• 10-Year RTB due 2020 - 7.250% per annum

Minimum investment
P5,000 and in multiples of P5,000 thereafter

Interest Payment
Quarterly

Offer Period
August 10 to 17, 2010

Issue Date
August 19, 2010


Joint issue managers and Joint issue coordinators
BDO Capital and Investment Corporation
Direct # 750-6274, 818-4135, 878-4119

BPI Capital Corporation
Direct # 816-9696, 816-9666, 845-5505, 845-5708

DBP
Direct # 818-9511 local 2351 or 2360, 830-0990, 819-1350

First Metro Investment Corporation
Direct # 241-4301 to 07, 858-7900

PNB Capital and Investment Corporation
Direct # 526-3131 local 2074 or 2078

RCBC Capital Corporation
Direct # 894-9827, 894-9511, 894-9452


My Financial IQ tells me that this financial instrument is much better than putting your money to a savings bank (where prevailing interest rate is about 0.25% to 0.75% per annum).  If you would like to invest, go to any of the above listed Joint issue managers / Joint issue coordinators.

Visit Philippines Bureau of Treasury for more details.
http://www.treasury.gov.ph/

Financial IQ: What is Financial Independence?

Image via WikipediaWhen you hear Financial Independence, what comes into your mind?
For me, Financial Independence is the state where we can do anything we want to / make choices, without worrying where payment for expenses will come, as we have already established various sources of passive income.  To reach Financial Independence, we need to first work on improving our Financial IQ / Financial Literacy.
Robert Kiyosaki's Rich Dad Poor Dad Cash Flow 101 game board teaches us that Financial Independence or Financial Freedom is achieved once we are able to get out of the rat race.  To get out of the rat race, we need to reach the point where passive income is more than expenses.
This is how Wikipedia defines Financial Independence:
Financial independence is a term generally used to describe the state of having sufficient personal wealth to live indefinitely without having to work actively for basic necessities. In the case of many individuals whose financial circumstances fit this description, their assets generate income that is greater than their expenses. To illustrate, a persons monthly expenses may total $1000. They receive dividends from stocks they've previously purchased totalling $5,000 quarterly, while also having an even more substantial amount of money in other assets. Under such circumstances, a person is financially independent.
A person's assets and liabilities are an important factor in determining if they have achieved financial independence. An asset is anything of value that can be liquidated if a person has debt, whereas a liability is related to debt, in that it is the responsibility of one possessing it to provide compensation. (Homes and automobilies with no lien holder are common assets)
The following are two approaches in achieving financial independence:

• Gather revenue generating assets until the generated revenue surpasses living/liability expenses.
• Gather enough liquid assets to then sustain all future living/liability expenses

It does not matter how old or young someone is or how much money they have or make. If they can generate enough money to meet their needs from sources other than their primary occupation then they have achieved financial independence. Age is potentially irrelevant with respect to financial independence — if they are 25 years old and their expenses are only $100 per month and they have assets that generate $101 or more per month they have achieved financial independence and they are now free to do things that they enjoy without having to worry about their next meal or a roof over their head. If on the other hand they are 50 years old and earn a million dollars a month but still have expenses above a million dollars a month then they are not financially independent - they still have to generate the difference each month just to stay even.
Some people think that financial independence is sustainable only if it is adopted by a small part of the population and the system will fail if a majority of the population tries to adopt it. This is because the passive income required for financial independence is derived from the active income of other people. This is roughly consistent with the baby boomer retirement issue in which the social security system is predicted to fail when a major part of the population is claiming their retirement benefits.
Robert Pagliarini's definition of Financial Independence
Financial independence is really the pot at the end of the rainbow. It's the mother load of personal finance. I sometimes am afraid to say "financial independence" because people, if they've watched any late night TV and heard "Get rich quick - no money down real estate - become financially independent", are turned off from financial independence. I define financial independence as being able to afford the lifestyle that you desire, without having to work. There are two pieces to that definition that are really important. One: the lifestyle that you desire - whatever that lifestyle may be - it might be right where you are today, or you might have some dreams and goals about where you want it to be. It's coming up with what kind of life you want. The second part of financial independence - and this is the cool part - is being able to afford that without having to work.

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Learning Opportunity: Real Estate Broker's Continuing Professional Education

The PARAÑAQUE LAS PIÑAS ALABANG REALTORS BOARD (PLAREB) INC. one of the largest constituent boards of the Philippine Association of REALTORS Boards, Inc.(PAREB).

INVITES TO  YOU THE

CONTINUING PROFESSIONAL EDUCATION (CPE)

DATE                   : AUGUST 13, 14 & 15, 2010 (FRIDAY- SUNDAY)

TIME                    : 9:00 a.m. to 6:00 p.m.

VENUE                 : BAHAY TIKIMAN, VIRGINIA STREET, TEOVILLE 3, (entrance along President Avenue)

                                BF Homes, Parañaque City

SEMINAR  FEE    : Php 4,000.00 . Pay and register now. BDO PLAREB acct # 540109215, Sucat Branch.

                                150 SEATS/ LIMITED SLOT (FIRST COME, FIRST SERVE) ATTENDANCE IS A MUST.

ATTEND the CPE TO EARN UNIT REQUIRED by PRB-RES to  renew /or update your Real Estate Brokers License for the year  2011 pursuant to RA 9646 (RESA LAW)

COVERAGE OF THE SEMINAR

RESA LAW,  Market Networking (Real Estate Brokerage) Legal Form in Real Estate, Due Diligence (Tips before buying or selling real estate), Real Estate Taxation, Documentation and Registration, Basic Appraisal for Real Estate Brokers, Site Location and Map Reading, Real Estate Financing, Laws Relating to Real Estate, Sales, Leases and Mortgages, and Condominium Concept.

                Lecturer: MR. CESAR E. SANTOS, Licensed Real Estate Broker, Appraiser and Consultant.

Requirements for license renewal as per Section 20 of IRR (original and photocopy)

For Brokers/Salesman renewal

NSO Birth Certificate, NSO Marriage Contract( for women), DTI certificate of Registration and License, DTI ID,NBI Clearance, CPE certificate, 4 passport size photo white background with nametag. Residence Certificate (cedula) and at least P20,000.00 bond.DTI certificate of examination result for those who passed but failed to obtain their license.

For salesman – new

All of the above plus 2 years college diploma except DTI certificate of registration and license and id

FOR FURTHER INQUIRIES AND RESERVATION

Please contact, PLAREB OFFICE AT Tel. No. 8250942 * 8250943

Or Visit at 3A Acacia, Westmont Village Condominium

8227 Dr. A. Santos Avenue, Paranaque City

c/o Lita  Cell Phone – 0918-9391317/575-7038 (residence)

c/o Fely Cell Phone – 0921-242-0799/8824908 (residence)

NAME : ______________________________________________ NICKNAME ______________________

REBL NUMBER _______________________               YEAR LAST REGISTERED _______________________

RESIDENCE ADDRESS _____________________________   CELLPHONE # _________________________

TELEPHONE NUMBER _______________________EMAIL : ____________________________________

OFFICE FIRM NAME : __________________________________________________________________

ADDRESS: ___________________________________________________________________________

TEL. NUMBER: _____________________________AFFILIATED BOARD: __________________________

Learning Opportunity: Business and Entrepreneurship Seminar on August 16 to 20

There is a free 5-day Business and Entrepreneurship seminar by Entrepreneur Society of the Philippines to be held on August 16 to 20 at City College of Manila.  This is a good opportunity to continue building our Financial IQ / Financial literacy.


To join the event, register on the Business and Entrepreneur site's URL:
http://siglaunlad.com/home/


This event seminar is aim to inspire and to intensify the entrepreneurial spirit of the Filipinos! I We invite everyone to take a moment and have a look at our program schedule. Lecture topics are sure to be enlightening and very useful for those wanting to start or to grow an entrepreneurial venture today!. The roster of speakers are high-caliber professionals from the different fields of expertise in the industry.


Here is the programme:

Day 1. Aug 16th
9:00- 10:00	Opening Ceremony
10:00-10:30	Coffee Break
10:30- 11:30	How to start a Business?	Elizabeth Manuel, Chief, Trade Business Management Division, Phil. Trade Training Center
11:30- 2:00	Lunchbreak
2:00-3:00	Why We Need Entrepreneurs	Jimmy Siybauco, Chairman, Emeritus, ESP
3:00-3:30	Coffee Break
3:30-4:30	How to promote your Business	Arlene Martinez, Managing Director, Ipost
Day 2. Aug. 17th
9:00-10:00	Key Values for Entrepreneurial Success	Carl Balita, Host, Radyo Negosyo, DZMM
10:00-10:30	Coffee Break
10:30- 11:30	Microfinancing	Ms. Ma. Agness J. Angeles, SVP, Planter’s Bank
11:30- 2:00	Lunch break
2:00-3:00	How to Prepare a Marketing Plan	Mylene Abiva, Past President, Phil. Marketing Association
3:00-3:30	Coffee Break
3:30-4:30	Accounting for Micropreneur	Cristina Llacer Oreta, President, eMethods for Business Management
Day 3. Aug. 18th
9:00-10:00	Production	Rico Calayco, President, Nestor Distributor, Inc.
10:00-10:30	Coffee Break
10:30- 11:30	Basic Quality Management	Raffy Pempianco, VP ESP
11:30- 2:00	Lunch break
2:00-3:00	HR Management of MSME’s	Barbie Atienza, External Mgr, Manila Bulletin
3:00-3:30	Coffee Break
3:30-4:30	Emotional Quotient	Jessie Rebustillo, AVP, Phil. Daily Inquirer
Day 4. Aug. 19th
9:00-10:00	Online Marketing	Lloyd Luna, Internet Marketer
10:00-10:30	Coffee Break
10:30- 11:30	Marketing During Turbulent Time	Alex Flores,  Past President,ESP
11:30- 2:00	Lunch break
2:00-3:00	Success Story Sharing	Steve Tamayo, Olive Ramos, Allan Parma
3:00-3:30	Coffee Break
3:30-4:30	Women Empowerment	Kaye Dacer, Host, Aksyon Ngayon, DZMM
Day 5. Aug. 19th
9:00-10:00	Success Story Sharing	Cora Jacob, Hernando Vitas
10:00-10:30	Coffee Break
10:30- 11:30	Taxation for MSME’s	Nelson Aspe, Deputy Commisioner, BIR for operation
11:30- 2:00	Lunch break
2:00-3:00	Inspirational Talk – Proud to be Pinoy Entreprenuer and Pinoy Products	Mae Paner, Advocate of Change for a Better Philippines, Performer/Directress
3:00-3:30	Coffee Break
3:30-4:30	Small scale Business Entrepreneurship	Prof. Anthony Escolar, De La Salle University
4:30	Closing Ceremony

Event Venue

Taft Ave corner Hospital St., near the Manila City Hall and LRT – Central Station

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