Category Archives: Business

Home Financing: Which Is Best for You, a Pag-IBIG Loan or a Bank Loan?


Home-ownership is a major aspiration for most working Filipinos and their families. However, the majority of people who dream of owning property seldom have enough cash to immediately pay for a house in full. This is why many turn to housing loans for their property purchase.

In the Philippines, it comes down to either turning to the Home Development Mutual Fund (or the Pag-IBIG Fund) or a private lender, mostly commercial or universal banks, for the needed loan.

As you search on printed classifieds or online listings for your future home, it is ideal to know the differences between the two housing loan types available to you, as it not only affects what size of home you can buy and when you can buy it, it also affects your finances for the foreseeable future.


Pag-IBIG Private Bank
• Pag-IBIG member for at least 24 months
• Must have completed at least 24 monthly Pag-IBIG contributions (can be paid in a lump sum)
• Must be no more than 60 years of age at time of loan application
• Have no existing loans that are in arears
• Have no existing Pag-IBIG loans that have been cancelled, foreclosed, or bought back.• Be legally able to acquire and encumber real property
• Borrower must be between the ages of 21 and 65 years old
• Must have tenure of at least two years with present company of employment, or
• Have at least three years’ worth of profitable operation if running a business or practicing profession
• Must meet the minimum monthly gross income set by lending bank (commonly ranges between Php30,000 and Php40,000) per month

When considering applying for a housing loan, the first that comes to mind for most working Filipinos is the Pag-IBIG loan. As it should be, since all full-time employees in the country are required to make monthly Pag-IBIG contributions, and not taking out a loan when needed would make those contributions seem for naught.

The biggest advantage for borrowers when opting for a Pag-IBIG loan is that the requirements are comparatively not as stringent as that of private lending institutions, letting almost anyone who is a member apply. Simply making timely contributions, not being 60 years of age, and having other existing loans, or at least those not in arears, all but guarantees approval for a Pag-IBIG loan.


Pag-IBIG Private Bank
• Maximum of Php6 million (can be sum of multiple loans)
• Subject to other qualifiers like the member’s actual need and capacity to pay• Loan amount must not result in a monthly amortization that is 35% of borrower’s total gross salary
• The minimum offered by banks differ with each, with some like the Bank of the Philippine Islands (BPI) offering as much as 80% of the total price of the property being purchased, as long as the loan does not exceed Php5million.

• The amount can also differ depending on where the property for sale is located, as is the case with banks like Philippine National Bank (PNB), whose loans differ between properties in and outside of Metro Manila.

While a Pag-IBIG loan is more accommodating for low-income borrowers, bank loans have stricter qualifications because they in turn are a more viable option for home-seekers who have pricier properties in mind. Private mortgages like those of BPI’s can cover as much as 80 percent of the total price of a property, as long as the loan does not exceed Php5 million.

In contrast, the Pag-IBIG Fund offers a current maximum of Php6 million via its End-User home financing program, or as a sum of numerous loans as the primary borrower or as a co-signer. Additionally, one does not need to be a depositor or member of the private bank to apply for a loan, or for that matter, make monthly contributions.

Pag-IBIG Private Bank
Interest Rate On June 1, 2015, the Pag-IBIG Fund decreased their interest rates to encourage more members to make use of housing loans:
6.5% – 3-year fixing period
7.27% – 5 years
8.035% – 10 years
8.585% – 20 years
9.05% – 25 years
10% – 30 years
*On July 2016, Pag-IBIG announced their lowest rate ever of 5.5 % per annum
Some banks, like BDO and Metrobank, offer as low as 5.50% of interest for the first year, which is then subject to re-pricing:
6.25–6.50% – 3-year fixing period
6.88% – 5 years
8–8.5 % – 6–10 years
11.5–12.5% – 16–20 years
Loan Terms Often set a median of 15 years, but with a maximum of 30 years. Generally between 20 and 25 years, but again varies with each bank, and sometimes on the purpose of the loan. PNB, for example, offers maximum loan terms of 20 years for loans used for the purchase of a house and lot, townhouse, condo unit, or for the construction of a house; and only 10 years for loans used for buying a vacant lot or for home improvement.

Interest and loan terms are significant aspects of home loans, and for many it tends to be the decisive factors of considering what type, and how much, of a loan to apply for. Generally, Pag-IBIG housing loans are more favorable with regard to loan terms, as it provides borrowers a lengthier time to pay versus private bank loans.

While Pag-IBIG housing loans also involve less miscellaneous and processing fees, private bank loans may be the better option when it comes to saving money in the long run. Private loans’ interest rates, due to the constant competition between lenders, have the potential to decrease during the loan period. This is on top of the rates already being competitive at the onset of the loan.

Utilizing either a housing loan from Pag-IBIG or from a private bank remains the most efficient way to become a homeowner, but with a financial decision as significant as buying property, a lot of considerations must be made. While understanding the pros and cons of Pag-IBIG and bank loans through research is beneficial, it is still recommended to consult with loan officers and real estate professionals to reach the most informed decision possible.



N.B.: This is a guest contribution from

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The Travel Routines of the Most Successful Humans

Putting up a new venture and running a business demand tremendous amounts of discipline and efficiency. After all, there is a lot at stake when you are doing business: the capital invested, the jobs of your employees, your dreams, and so on. Add to this pressure the constant demand for entrepreneurs and businessmen to travel.

According to the Global Business Traveler Association, business travelers go on an average of 268 miles per business trip. If the trip requires flights, this figure can skyrocket up to 954 miles. The association also revealed that business travelers spend an average of two overnight stay each month. Despite this, business travelers emerge as successful in their endeavors. If you have been wondering about the travel routines of successful people, look no further. Read on and learn from the travel habits of business travelers.


They Plan Their Itinerary According to Their Goals for the Trip

Photo Courtesy of Alberto P. Veiga via Flickr

Yes, traveling is fun, but one must admit that it consumes time, money, and energy. Business travelers very well know this fact so they strive to make the trip count. Days — or even weeks or months — before the trip, they schedule the meetings that they need to attend and the tasks on their to-do list. More importantly, they do the best that they can to stick to it.


They Do Their Research

With countless hotels and flights to book, it can be very easy to get lost in travel planning. After mapping out their objectives for the trip, business travelers make sure to do their homework. They scour offers and deals from top-notch accommodation at convenient locations to restaurants that give them the most value for their money.


They Leave Room for Rest and Relaxation

Photo Courtesy of Denise P.S. via Flickr


While business travelers have well-planned schedules, they also include time for leisure and spontaneous fun. For instance, if their business meeting takes place somewhere near a beach, they indulge themselves, especially when they are done with their tasks. Aside from enjoying their stay, they get to reap the health benefits of going to the beach, which can do wonders for their physical and mental wellbeing.


They Create — and Stick to — Their Budget

Again, it is easy to lose focus, especially when it comes to handling finances. However, hardworking business travelers know how painstaking it can be to earn money. With this, even if they can afford everything that they want, they weigh their options and go for smart, practical choices.


They Prepare Things that They Will Need

Photo Courtesy of Lasse Rintakumpu via Flickr

Business travelers need to stay on top of everything that they do so they never leave without making sure they are prepared for the trip. Aside from their smartphones, laptops, clothes, and toiletries, they always bring with them their powerbank, hard drive for their files, hotspot for internet connectivity, and headphones for media files. They also pack according to their unique circumstances like if they take certain medications.


They Tote Around a Notebook or a Note-taking Device

Business travelers learn and generate a ton of ideas from their trips. Instead of letting these fade away, they take notes of it on their preferred tool. They have also developed an organized way of note taking so they can quickly jot down important points from a discussion. More importantly, they review their notes, analyze or reflect on it, and try if they could put the brilliant ideas into action.

They Harness the Power of Apps

Technology, when used properly, can significantly make people go about their routines in the most efficient manner. With this in mind, business travelers use their smartphones and tablets to their advantage. This tech-savvy pack knows the best business travel apps to get the work done — TripIt to organize their bookings, PassBook to board using their smartphones, CudaSign or HelloSign to digitally sign documents, and so much more.


They Travel Responsibly

Photo Courtesy of Nick Harris via Flickr

Business people, being representatives of their brand, need to protect their public image, especially when they go outside their office. Aside from this, business travelers who firmly believe in their corporate social responsibility know all too well that their activities have an impact. With this, they strive to hold themselves in conscientious conduct by following rules and procedures, respecting different customs, valuing the host community’s environment, and so on.


They Take Care of Themselves

Conferences to attend, clients to meet, paperwork to review, a composed and confident image to project — doing all of this and more after long hours of travel can be really exhausting. In order to perform at their very best, business travelers look after their health. Doing this includes eating right, avoiding alcohol especially before a big presentation, and seeking medical help if they feel something wrong.


They Maintain Their Focus

With a thousand items in their jam-packed schedule, these successful people simply cannot afford to lose focus as one wrong move could result in a disaster for their business. While the long stretches of travel can cloud one’s capability to make sound decisions, business travelers have their tried-and-tested methods to clear up their mind. They also do not simply throw caution to the winds and should they have confusing encounters, they step back to think things more thoroughly.


They Track Their Progress at the End of the Day

Photo Courtesy of Next TwentyEight via Flickr


Completing the cycle that started from planning their itinerary according to their goals, business travelers see to it that they review what they have done during the day. Aside from crossing off accomplished items on their list, they reflect on how things could be improved. Moreover, they start planning their to-do list for the following day.


It is often said that traveling is the only thing that you buy that can make you richer. Couple that with keeping these tips in mind so you can emerge as a more efficient individual. Take it from business travelers with lots of things to do on top of having to endure long hours on end. Incorporate these habits of successful people when traveling into your own routine and get started on a more proficient and happier you.

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Home Buying Tips: Bank versus In-House Financing

There are definitely many things to consider when buying a house, but this does not stop anyone from dreaming of their very own home. One of the biggest challenges that people face when it comes to house ownership is actually having the cash to purchase one upfront. Applying for a housing loan provides a viable option, and these can be provided by the government’s Social Security System (SSS), the Pag-IBIG Fund, or commercial banks. In recent years, another option has surfaced wherein real estate developers have also begun to offer in-house financial services.

Property experts from Lamudi have created a comparative overview between bank loans and in-house financing to better help you weigh your options. Before you decide to make a financial commitment for your ideal house, you should carefully evaluate what your financial options are and how they compare to one another.


Pro: Lower Interest

Con: Stringent Financing

Home Buying Tips Bank or In House Financing 2

Image Source: Homes and Dreams/Flickr

There are two things to take note of before applying for a housing loan from a bank: You must pay a reservation fee and a down payment, which is usually around ten to thirty percent of the total property price. Don’t worry though. You can pay this on an installment basis if paying via a single transaction is too heavy on your pocket.

After both payments are made, you can now apply for a housing loan. The bank will be the one to pay the remaining balance on the property, but as a borrower, you are obliged to pay the bank monthly amortizations plus interest. The bank will also hold on to the property title for the duration of the loan, which serves as the collateral. This goes on for usually five to twenty years, depending on your terms and agreements with the bank.

Note: The Pag-IBIG Fund charges higher interest rates, but they offer mortgages for up to 30 years. This means that you have more time to repay your housing loan.

Example: BPI Housing Loan


Pro: Simpler Application

Con: Steeper Interest

Home Buying Tips Bank or In House Financing

Image Source: Homes and Dreams/Flickr

Real estate developers now offer in-house financing to those who do not want to resort to third-party institutions when it comes to paying for your property. These are technically not loans, but more like extended payment terms. You pay for your property on an installment basis, but with above interest rates, averaging around fourteen to eighteen percent per annum. Longer terms may even reach up to 22 percent, but they usually do not exceed five years. You would have to pay your balance—usually 80 percent of the total property value, plus interest—in a shorter period of time.

In-house financing however, have less rigid requirements and paperwork than banks. Most developers require nothing more than the down payment and a verifiable proof of income, as compared to financial institutions who require valid government IDs, marriage contract (if applicable), income tax return (ITR) for employees, certificate of employment, pay slips or proof of remittance for three months (for overseas Filipino workers), lot plan, and vicinity map.

Note: In-house financing may be available only for pre-selling projects. Many developers do not offer financing for properties that are ready-for-occupancy.

Example: Avida Land Home Financing

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Top 5 Health Insurance Providers for Freelancers

Health Insurance for Freelancers Philippines

Working freelance can be an envious idea for fixed-time employees. The idea of being on top of your schedule without the need of dragging yourself up every morning to get yourself at the office on time or squeezing yourself on a bus every afternoon rush seems to be a perfect thing. What is even more exciting about this job is that you could schedule your own break, and oversee your house needs while working in your pajamas. You could even take two, three or more jobs at a time if you can, which is very unlikely for a regular job that eats up your time. It is no wonder that more and more regular employees quit their jobs to work freelance.

These are all too good to be true. There is no perfect world as they say. Though what had been mentioned are the good points of working freelance, before you immediately decide to quit your job, weigh the pros and cons of each. One disadvantage is that you will miss the benefits provided to regular employees like the health care benefit.

Paying for your own health care plan should not be taken for granted. If you had previously used the health card provided by your employer in one of the reputable hospitals in the country, you must have an idea on how much you saved. Can you imagine losing that privilege and pay medical bills out of your pocket?

If you don’t want to spend all your earnings from your freelance job better get a healthcare plan. It is not as expensive or as difficult as you think. Here is a list of some of the health insurance providers in the country that you might want to consider.

The following may not be the complete list of the members of the two organizations. This is the list of the members that offer health insurance plan for individual or family members. Some offer group or corporate plans but I have a great feeling that one of these may have what you look for a health care plan. (All price quoted are based on a 30 year old male or female. Premiums differ per age.)

PHILHEALTH (as low as Php 200/month)

This is the government subsidized health care provider. It is more affordable compared to other private plans but does not offer comprehensive package as others do. Check for the benefit coverage it offers so you’ll see if you’d need additional private health care plan.

  1. It provides room and board subsidy, laboratory exam, and professional fees for confinement of more than 24 hours.
  2. It also provides out-patient benefits
  3. It offers special benefit package like treatments for TB, SARS, H1N1 and other special illnesses.
  4. Some cases classified as non-cost-effective as defined by PhilHealth are subject to approval like optometric services, non prescription drugs and services, fifth obstetrical deliveries and the like.

Blue Cross (as low as Php530/month)

Blue Cross is a member of Association of Health Maintenance Organizations of the Philippines Inc. (AHMOPI) providing medical and travel insurance. The following are good points to consider why to choose this health provider

  1. It provides maximum coverage limit of up to Php 3,000,000.00 and fully reimbursable on eligible medical bills depending on your insurance coverage
  2. It allows flexibility by letting you choose your own hospital, clinic or doctor.
  3. It offers comprehensive coverage
  4. Medical benefits are extended even when you travel
  5. 24/7 customer assistance is available for emergency needs

MEDICARD (as low as Php650/month)

This is the HMO usually provided by employers due to low cost of premium. Not too many may be aware that they also offer individual or family health care plan. Make sure to keep a list of the accredited hospital because they will reimburse you only 80% of the expenses not exceeding Php 5,000 if you’d been to non-accredited hospital in emergency cases. The following are the other benefits they offer:

  1. Hospital confinement
  2. Out-patient care
  3. Preventive Health care
  4. Emergency Care
  5. Dental Benefits

INSULAR HEALTH CARE (as low as Php1150/month)

This company is part of Insular Life Assurance Inc which has been in business for more than 100 years. It is formerly known as I-Care. Here is the list why you would like to consider this provider

  1. It offers competitive rate. For the exact premium rate, you might want to check directly with the company because that depends on every individual. To give you an idea, dental benefit costs only Php 336/member/year
  2. It has built-in life insurance. Being a member of the Insular Life Group, each policyholder is entitled of life insurance benefit depending on the coverage and on the schedule of benefits.
  3. It does not require PhilHealth membership. They pay 100% of the eligible medical charges.
  4. Reimburses up to Php 1,000.00 of the prescribed medicines.
  5. Offers  convenience because they are hospital-based.
  6. They do not require pre-enrollment medical examination.
  7. Provides free annual physical examination.

SUN LIFE PHILIPPINES(as low as Php1250/month)

Sun Life is not a member of AHMOPI but under direct regulation of the Insurance Commission. Among all the insurance companies operating in the Philippines, it was ranked number 1 in 2013. One of the protections they offer is the Sun First Aid. Here is the list why you will choose this product.

  1. It has a money back feature that is unique from other insurance policies. They will give back 50% to 75% of the premiums paid after ten years whether the policy holder had been hospitalized or not.
  2. It offers financial assistance in case of hospitalization. There is cash benefit directly given to the policyholder when confined, if hospitalization exceeds 30days, or if surgery was performed.
  3. It also offers benefits like those you will find in life insurance policies like, life insurance coverage, waiver of premium in case of disability, and accident rider.

In choosing a health care insurance, it is advisable to choose one that is regulated by the AHMOPI or by the Insurance Commission (IC) itself.  AHMOPI is the body that regulates HMO providers in the country. Getting one from a regulated insurance company adds another level of protection to your insurance. The organization will act as mediator between the policy holder and the insurance provider in case of disputes or any irregularities in providing the benefits.

When choosing a health insurance there should always be a perfect mix of quality and quantity. Although you are paying very cheaply in your health insurance make sure that it qualifies to all your bare requirements, such as availability of accredited hospitals or clinics in your area, treatments that you deemed important for your condition and if it will save you from all the headache of following up in your reimbursements because when it comes to health, money can be scarce. So we better make wise decisions!

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Frugal Living & Entrepreneurship Is Possible

It’s remarkable to see that mainstream entrepreneurs have emerged at a time when the economy is going through financial crisis. This proves the notion that there is opportunity in adversity. This post examines how creating your business is one of the main ways of ensuring your financial security.

The buzz of micro-ecosystem

There has been a lot of innovation when it comes to minimizing the size of devices and expanding their capacity. Take smartphones for that matter or nanotechnology which is harboring a lot of potential ranging from healthcare treatments to use in the textile industry. This diversity shows the value created by making the access of technology easier.

You don’t need to come up with big ideas or massive inventions. Now, it’s the era of the micro-innovations or modification of existing technology to make it better. Smartphones or similar technologies have spawned off profit incentives. For example, app development is a massive business. Similarly, healthcare is now being defined by having better and bigger databases for treatment. All these factors indicate that there’s a looming opportunity in the micro-ecosystem.

Self-employment and being frugal-the connection

The philosophy is pretty simple. If you can control your cash, winning in business is a possibility. Since you are frugal, you won’t have the urge to spend unnecessarily. The element of research becomes important here. You have to identify a niche or an area which has not been maximized or used by existing entrepreneurs. This will allow you more room for growth.  It was generally thought that entrepreneurs spend big to win big. However, safe play has churned out the best results for many.

Understanding consumer behavior

The advent of social networking as well as free access of data on the internet has allowed entrepreneurs to analyze the target market in a refined manner. These channels have created businesses, for which, the target market is entirely virtual. This means that the opportunity is always there for you to grab. A frugal entrepreneur has a potent mixture of caution and motivation to succeed.

He would opt for term life insurance for ensuring some financial security while he could possibly use his retirement saving to invest in a business. With the consumer behavior is changing over a period of time; it is quite possible to examine it closely. After doing so, prediction can be made as to which side the market would turn.

Previously, such statistics were decided or predicted by a team of analysts trained in consumer psychology, but now, if you engage on social media, you can know the interests of people in your interaction zone, and this is where you can go for the kill. This is how consumer tips for various products/services are made.

The Paradigm Shift

The global economics has shifted from huge corporates to a multitude of profit earning micro set ups. The works in microfinance landed a Noble Prize in economics a few years back. The way down the road is still clear for people who want to do their business.

The competition is there, but the cost of living is also on the rise day by day. The ideal alternate exists in the form of having your own business. The idea is that in order to save money, you need to earn money.


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How to Make Passive Income by Buying Stocks

Editor’s Note: Saving money is good but equipping yourself with the right skills on how to make money especially from a passive income is better.  Though I advocate for saving money as much a we can, I’m also promoting the importance of creating multiple streams of income.  With the kind of career I have, the risk of being job-less is really high.  This is because there’s no such thing as absolute income security in freelancing.  You may have lots of clients now but you never knew what will happen tomorrow and the day after that.  It’s always better to be prepared and have back-up income sources.

I’ve been really interested to learn how to buy stocks and earn from it.  A fellow blogger tried to convince me like a few years ago to attend a seminar about it but I was not in the money-making frame of mind during that time.  Now, I regret what I did.  I should have attended that training and by now I would have been an expert in buying stocks.

Below is a guest article submission from Eddie Miller, the Chief Editor of BinaryPedia, the world’s leading binary options website.

How to Make Passive Income by Buying Stocks

What is passive income? What are the advantages of passive income? And how does someone make passive income? These are some of the questions that we aim to answer through this article.

Passive Income is a type of income that you make in addition to your day job, where money flows in with very minimal efforts on your part. Some people say that a freelance job is a type of passive income but it is not so, because a passive income job makes money even when you sleep! Unless any of your investments make money through that, they are probably not passive income. The stock market is a goldmine for people looking to earn a passive income. Through this article, we hope to make you better understand the concept behind earning your passive income through the stock market.

Stock market as a means

The stock market is a very viable option to earn a passive income. More and more people have been turning to the stock market so that they can earn an extra incentive on the side. Essentially, the stocks, which are basically the public’s invite to become shareholders in the company are issued when a company goes from being private sector to public sector. Here any member of the general public can buy shares in the stocks of a company.

In return, the company will issue dividends based on the annual income of the company, after retaining expenses. Therefore, the profit earned by the company will be shared among all the stockholders of a company depending on the percentage of stocks bought by each person individually. This means that your stock will be earning a certain amount of dividend every time that the profits of a company are declared. This, as mentioned, is a truly wonderful way to earn a passive income.

Note of Caution

It is also important to note that there might be times when your stocks will not earn dividends because the company might not always be earning a high profit. Also your earning will be highly variable and unstable because of the difference in earning for the company. Make sure to register your share before the record date of any dividend paying share that you might buy, as you might miss out on you dividend for a particular period if you register too late.


Now you know all there is to know about earning a passive income by buying stocks which pay dividends. You should know that like with any other investment, a certain amount of research must be done prior to your investment. Entering any such deal with a blind eye has a heavy potential for loss. The internet will usually help you decide if the company you are investing in has a high profit margin or if they are facing any hiccups. It should also give you an idea of the dividend percentage of the issuing company.

There are many online tutorials and tips that will help you with the same.


About the Guest Author

This post is written by Eddie Miller, a blogger, technologist, trader and the Man Behind

Photo above is used under Creative Commons License.  Credit.

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Which Credit Card Company is better: HSBC or Metrobank?

Note from the blog’s owner: Since I’m using both credit cards, I am allowing a guest post from to be featured here in my blog.  If you are planning to apply for a credit card account and would like to check which company is better, you may read first Eliza’s review about HSBC and Metrobank credit cards.  – Empress Of Drac

Photo Credit: 401(K) 2012

Choosing the right credit card can be a bit tedious. Credit cards nowadays have so many features that vary from bank to bank, from provider to provider. Interest rates, rewards, special offers, and spending limits are just a few of the factors that a consumer should consider when they start searching for the perfect credit card that fits their financial needs. There’s a lot a stake with a credit card: choosing the right one can have a huge impact on your savings and spending habits.

I’d like to discuss credit cards available from two banks in particular, HSBC and Metrobank, each of which have tempting features for every type of customer.  Let’s take a look at what each bank has to offer.

What you get from a credit card from HSBC?

HSBC is a bank operating on a worldwide scale. As such, it has a lot to offer for potential credit card owners. As part of a special introduction deal, people who sign up for a credit card through HSBC will enjoy a 3 month period without any interest incurred on purchases. After the initial 3 months have passed, cardholders will be responsible for a 17.9% APR variable on the subsequent balances from their purchases. There’s no annual fee for having a credit card with HSBC, so that’s good news.

HSBC offers a number of incentives that will appeal to the web-savvy consumer. A person with an HSBC credit card can view their balance and payment history online, making managing finances online easy and safe. Cardholders can even transfer balances between accounts with HSBC for nearly two years if they need to move money around. The bank also offers special holiday deals for its cardholders, including discounts at select stores and with certain online services, and even more discounts when you travel internationally.

What you get from a credit card from Metrobank?

Metrobank also has enticing features for their credit cards. Unlike the HSBC credit cards, Metrobank offers a variety of credit cards that suit specific lifestyles and financial habits. I’m going to examine the Metrobank Classic/Gold cards, as they appear to be among the more popular cards the bank offers to its customers.

The Metrobank Classic/Gold cards require an annual fee (Php1, 400 for Classic, Php2, 500 for Gold), but that fee is waived for the first year. Metrobank charges a monthly finance fee of 3.5% of the balance on the cards, and the cards require a minimum gross annual income which changes depending on whether you get the Classic or Gold model. Cardholders can view their payment history and pay balances through Metrobank mobile apps and online banking services.

The upside to the Metrobank Classic/Gold cards is that both operate with a built-in rewards system. Specifically, cardholders get one point for every Php20 spent, and they can use those points on anything from travel to dining out. Cardholders can spend their Metrobank card points to get cheaper flights, hotel prices, and meals at any number of destinations. It’s definitely a great card for traveling consumers!

Which is better?

It’s hard to say which card is better, as both have their own pros and cons. HSBC credit cards don’t have an annual fee and their interest’s rates are fairly low, but it doesn’t seem like they have a well-established rewards system. Metrobank cards have higher fees and tighter restrictions, but they have a great rewards system, particularly for people who want to travel and spend their money on luxury items.

Which card looks more enticing to you?

About the Guest Author

Eliza Morgan is a freelance writer and blogger working for She writes about small businesses, personal finance, and web entrepreneurship among other topics.

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Cebu Grabs Again the Top 9 Spot for Tholon’s Best Outsourcing Destination

Note:  This is a guest post by a fellow blogger, Carol Wilson.

Screenshot from Tholon’s Top 100 List

This year, Tholons, a global outsourcing advisory firm, named Cebu number nine on its top 100 list of established outsourcing destinations. Cebu ranked higher than all other locations in the Philippines and most locations in India. Business process outsourcing has definitely become a huge part of the economy in Cebu and Cebu City in particular, and outsourcing in Cebu is only expected to grow over the next several years.

Foreign businesses are attracted to Cebu for a lot of reasons. Because the cost of living in the province is so low, businesses are able to save money when they hire Cebuano workers. Additionally, since Cebu is an IT and academic hub in the Philippines, Cebuano workers are appealing because many of them can perform complex business tasks. Businesses are also flocking to Cebu because most people who live there speak English and have a solid understanding of Western culture.

IBM, Canon, Hewlett-Packard, Infosys, Epson, Microsoft, Wipro, and Lexmark all currently outsource to Cebu, and the number of major companies who are realizing the value of working with Cebuano workers is steadily growing. There are presently more than a hundred businesses that provide outsourcing services in Cebu. Cebuano employees perform customer service and clerical duties as well as more complex tasks such as graphic design, programming, and medical billing and coding.

Tens of thousands of Cebuano citizens are now employed in the business process outsourcing industry. As new students graduate from Cebuano colleges each year, more and more highly educated and skilled young people sign up for work at outsourcing companies and continue to build the reputation of Cebu as a leading destination for business process outsourcing.

Unfortunately, Cebu does have some challenges to face before it can become the number one business process outsourcing destination, especially because the competition in many surrounding areas of Asia is fierce. Unfortunately, many businesses outsource to India because it is better known for its quality outsourcing companies than the Philippines. Additionally, occasional power outages in Cebu cause problems with the province’s ability to be productive and completely reliable. Cebu will have to work to continue to build its reputation as an outsourcing leader to make it to the top of the heap.

Outsourcing is definitely on the rise in Cebu, and it will continue to be on the rise. What’s uncertain is whether or not this lovely island in the Philippines will still be an outsourcing leader in ten years. Fortunately, Cebuano workers are talented and skilled enough to deliver the results businesses are looking for. So, the future seems bright for outsourcing companies in Cebu.


About the Guest Author

Carol Wilson is a versatile guest blogger who primarily writes about global business trends and finance. When she’s not writing for sites like, she enjoys reading about politics and fashion.

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Top 6 Money Saving Tips You Should Try

This is a guest post by Rick Murphy, a finance expert writer.

If you are frantically looking for money saving ideas on Google and reading this article intently, this means finally realization has dawn on you and you are planning to create a strong savings plan. No matter why you like to save, for an emergency requirement or for a lavish holiday or for debt help, a strong saving certainly will help you restore your peace of mind and make you feel relieved. If you are looking for some easy ways of cutting your cost, the following points can help you out. Save more and ensure your financial freedom in the best possible way.

Save on grocery

You can save a lot, provided you start planning your meals for a week, beforehand. Start shopping in bulk and store stuffs in order to avoid wastage.  Most of the grocery stores distribute weekly fliers, which clearly show the sale items and special items for the week. You can arrange for your family meal quite easily with least cost, by taking advantage of these discounted goods. Be methodical and disciplined and save thousands on your yearly grocery expenses.

Beauty schools

If you are passionate about latest hairstyles and invest a lot to get your hair trimmed and stylized from a fancy salon and grooming services, then bills must burning a hole in your pocket. In order to reduce these unnecessary expenses, discard those expensive salons and start going to a beauty school.  Beauty schools generally charge much lower rates for their services and offer quality service to the customers. Only the experienced students about to finish their degree course are allowed to serve the customers. These kids provide services like a professional but charge almost half of a professional’s fees.

Save the spare changes

In most cases, people just ignore the value of spared changes and keep them here and there casually. However, if you are a little organized and save those changes in a change jar, it can add value to your savings. Wait for at least six months and once the jar is filled, trade the coins in for cash. Make sure you save these amounts for a secure future.


Instead of wasting money on buying clothes from shopping mall or branded store, start visiting the consignment stores near to your locality. Consignment stores usually contain used clothes. Thanks to the consignment shops you can now wear clothes of  renowned designers and at the same time save up to 80 percent on your clothing budget.


As soon as you get away with the addiction of drinking coffee or soda, you will be able to save both your health and money. Rather consider buying water filter, which is worth paying for.

Utility bills

If you use a thermostat, make sure you buy a programmable thermostat, which has the flexibility of regulating the temperature of your home time to time. By switching it on and off at the specific time, you can minimize the expense that you incur by leaving the thermostat on all day. Using this system will help you save more on your utility bills and energy bills.

Keep the aforementioned points in mind and save more to secure a better financial future.

About the Guest Author

Rick Murphy is a contributory writer associated with He holds his expertise in the Debt industry and has made significant contributions through his various articles.

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5 Reasons Why I Prefer Palawan Pawnshop over Other Money Transfer Services

Palawan Pawnshop Money Transfer Service Philippines copy

I’m a returning and loyal client of Palawan Pawnshop.  Do you want to know why?

I’ve already been to lots of money transfer services and most of them didn’t meet my expectations.  Some have very rude clerks and others employed security guards who are not trained how to treat a customer properly.  Others, on the other hand, have unnecessary rules that make the lives of customers difficult, to the point of ruining their day.

I believe that money transfer services, aside from the obvious responsibility of keeping and safely transferring their client’s money, have to be very careful in handling their customers during transaction process.  Unfortunately, some of these money transfer service providers are doing the opposite.

Below are my reasons why I prefer Palawan Pawnshop over other Money Transfer Service providers.

5. They give reasonable consideration to customers – Compared to other money transfer services, it is only in Palawan pawnshop that I experience hassle-free transactions.  They only need one identification card to check your identity and you are good to go.  Others would ask you all sort of IDs and even require you to photocopy them for the sake of this and that.  They are more concerned to the customers’ needs than just being paranoid of being faked by someone.  Well, who would fake an identity just for the sake of getting PHP 500? I have this very bad experience in one local money transfer service that I blog in here.

4. Clerks and guards are customer friendly – I really, really hate going to these money transfer service providers who employed unfriendly guards and clerks.  They have this annoying attitude of checking you out as if you are a thief.  In Palawan Pawnshop, I am at ease doing my transaction because they are genuinely friendly and don’t have the habit of meddling with other people’s stuff.  The guards also don’t interfere with any transaction if his attention is not needed.

3. Quickest money transfer – Once your transaction has been processed, it will just take a few seconds and your money can be claimed already.  They have a centralized system that records all transaction in one database.  Once you send money here from Cebu, it will automatically reflect in their system, enabling their branch, for example in Manila, to know that you transferred this amount of money.  Your loved ones in Manila can then claim the money you sent.

2. Dual confirmation through texts – Once the transfer of money to a specific branch is done, you will receive a confirmation through text that your money has already been sent, and at the same time, the money receiver (i.e. your wife) will also receive a confirmation through text that someone has sent her money through Palawan and it is now available for claiming.  Also, after your money has been claimed, your will receive another text, confirming that the money you sent has been successfully claimed.

1. Very affordable money transfer rate – Compared to other money transfer services, Palawan Pawnshop has maintained lower and more affordable rates.  This is because in spite of promoting their services through very expensive advertisements, they choose to improve their customer service relations instead.

One thing that most businesses forget is that, their customers are their services’ or products’ best promoters.  It’s a shame some are relying on their millions of pesoses TV ads, and celebrities who haven’t even used any of their services.

Photo Credit: BSP

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Business Process Outsourcing and its Impact to Third World Countries

Business Process Outsourcing has completely revolutionized the way entrepreneurs execute transactions in business. It has also engendered alternatives for industrialized countries that can now focus on reducing capital and labor costs. BPO has impacted different countries in different ways but its impact is more palpable in the third world countries that are focusing on raising their socio-economic development. This impact has generated the will to look at business process outsourcing as something ‘revolutionary’.

Does Business Process Outsourcing maintain Socio-economic Balance?

The issues of rising costs and cost cutting are increasingly becoming significant in a business environment. Thanks to the business process outsourcing that has revamped the revenue for third world countries. Industries over the time have been putting a barrier to draw a line between the rich and the poor and this is undoubtedly, a result of the age-old disparities that always exist in the social strata. BPO contributes big time by uplifting the status of the poorer countries and it’s also believed to trim down the income of the wealthier nations.

How Business Process Outsourcing enters Overall Development Picture?

Not many realize the benefits that business process outsourcing blesses third world countries with. There is no dearth of activists who take it to the streets and make hue and cry by demanding equality between rich and poor. These are the same people who want exploitation to stop and corrupt officials to step down immediately. This is how and when business process outsourcing manages to enter the real picture of overall development.

Even if admittance to this industry is based on certain qualifications, it can’t be denied how business process outsourcing has opened up doors for employment opportunities in the third world countries. Data entry, back end office, medical transcription and the count is on!

Business Process Outsourcing impacts Third World Countries But How?

And this is true regardless of the nature of work within this industry! Business process outsourcing has transformed the fortunes of the third world inhabitants. Labor has migrated from West to East. Now countries like China, Malaysia, Indonesia, Philippines and India can enjoy the benefits of industry level wages, without any risk of migrating abroad. Onshore process outsourcing is just a fraction of western commercial sector.

Future of Business Process Outsourcing in Third World Countries

Economists carry different opinions on the impact of globalization and outsourcing to the third world countries. Companies that belong to the rich companies are expected to intensify offshore process outsourcing in future – credit goes to amazing cost advantages! This process will benefit third world countries more; job gains resulting from outsourcing and earnings would cancel out the negative impact of the ‘brain drain’ in third world countries. Both the parties shall witness a more win-win situation in the upcoming years.

Arrival of process outsourcing is no less than a blessing in disguise for third world countries. Any objection to this will also lead to the erosion of future of first world countries. First world countries have the resources to open up jobs that third world countries can’t. For multinational corporations in the third world countries, outsourcing is a serious boost regarding short term gains with less negative effects and more promising positive impact. Business process outsourcing in future should be seen as a significant part of poverty reduction strategies on the global level.

About the Author:

Roxanne P. is a Freelance and Staff writer who writes informative & creative articles on SEO and Technology for various search engine optimisation company. Her expertise are in writing articles related to broadband only deals, SEO, Social media etc.

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