FAQ – FAQ.ph

4 Interesting Facts About Pinoy Mall Culture

May 11, 2023 By FAQ Leave a Comment

In the Philippines, it isn’t unlikely to see several malls built in close proximity with one other. For the rest of the world, however, having an abundance of malls located in one area can be seen as a bit excessive. As a nation of mallgoers, the Filipinos’ love for shopping malls gives them a distinct Pinoy culture that has piqued the interest of people who aren’t Filipinos or are simply living in the Philippines. And there are plenty of reasons as to why this is so.

Let’s take a look at four interesting facts about the shopping malls in the Philippines, and understand how they’ve become an integral part of shaping Pinoy mall culture.

Malls Are a Sign of Economic Progress

Malls are often signs of economic growth because they indicate that the people working and living near them have the spending power to afford many of the commodities and services that malls have to offer. Shopping malls also provide people with jobs and can attract a lot of businesses, which helps boost the local economy. As a result, it’s common to see restaurants, retail stores, and hotels near Mall of Asia (as well as other malls) because of the amount of foot traffic the mall generates.

Malls in the Philippines Are Built with Convenience in Mind

Like most shopping malls across the globe, the malls in the Philippines house plenty of shops where people can buy clothes, shop for their household goods and electronics, as well as sit down and have a nice meal. What makes the malls in the country a little bit different from the rest, however, is that they also include establishments and offices where people can complete their errands with ease.

People can do their groceries at the supermarket, book a medical appointment with a general physician at the clinic, and even get their driver’s licenses renewed at a satellite government office. They can also pay their household bills through a mall’s bills payment center, as well as mail a package to a family member living abroad via a shipping company that’s located in the mall.

Other businesses that can be found in a typical mall in the Philippines include:

Laundry services and laundromats
Shoe repair shops
Watch repair shops
Printing shops
Key duplicate shops
Pharmacies

With all of these establishments conveniently found in one location, mallgoers don’t have to travel far or go to a different location just to finish all of their errands.

Malls Are the Perfect Places to Spend the Weekend

A lot of Filipinos reserve their weekends for friends or family. Thus, they want to spend this time to enjoy the company of their loved ones before they head back to school or the office the following week. When it comes to choosing a place to hang out, malls are almost always at the top of the list. This is because malls in the Philippines are also designed to provide mallgoers with hours of fun.

Apart from window shopping, mallgoers can catch a movie at the cinema, eat at any of the many restaurants, and play games at the mall’s video arcade or other entertainment centers. People can also get themselves pampered at a wellness spa or salon. With so many fun and exciting things to do at the mall, it’s no wonder that mallgoers prefer going to the mall during the weekend.

Malls Have Become Popular Tourist Destinations as Well

As previously mentioned, it’s common for malls to be built near each other in the Philippines. In Makati alone, four of its malls are located so close to each other that they’re connected via footbridges. The five malls in Ortigas Center, on the other hand, are only a 10- to 30-minute cab ride away from each other—given that there’s no traffic. Because of this, malls have to find ways to keep mallgoers invested in shopping at their establishments.

One solution some malls came up with is to build attractions in or beside their shopping complex to entice more people to visit their malls. Pasay City’s Mall of Asia, for example, has the Bay Area Amusement Park. This amusement park features a wide range of rides and fairground games that give mallgoers a fun and exhilarating way to spend their weekend. There’s also the Venice Grand Canal Mall in Taguig, which has a man-made canal where people can enjoy a quick gondola ride around the mall.

Because of these malls’ unique features, they’ve become tourist destinations in their own right. As a result, they’re able to attract more people, whether they’re locals enjoying their time in the mall or foreign tourists looking for something fun to do while they’re in the Philippines. The malls in the Philippines are an essential part of the lifestyle. Thanks to the convenience shopping complexes provide, Filipinos can complete their errands, spend time with their families, and relax and unwind under one roof. As a result, the malls in the country have helped create a mall culture that’s distinctly Pinoy.

Air Cooler or Air Conditioner: Which Is the Best for Your Small Business?

April 26, 2023 By FAQ Leave a Comment

The Philippines is a tropical country, so the summers here can be quite brutal. Aside from the intense heat, many Filipinos also have to deal with high levels of humidity. The latter can hinder the body’s ability to cool itself and leave you feeling sticky and overheated for a good portion of the day. This can be bad for business, as heat is a potent productivity killer. Overheated employees may find themselves with low energy levels that make it difficult to focus on their work, while uncomfortable customers will not likely wish to stay for too long inside a warm store. Thus, investing in reliable cooling solutions for your office and other commercial spaces can be a beneficial move for your business.

There are plenty of options that you can explore for cooling your office or store this summer, and one of these is purchasing appliances that are dedicated to maintaining the temperature in a room. Often, this choice comes down to choosing between an air conditioner and an air cooler. While both are effective cooling solutions, the best option is the one that matches your business needs. Here’s how you can see if it makes more sense to buy air cooler online or if you’re better off spending your money on an air conditioner.

Understanding How Air Coolers and Air Conditioners Work

Before setting your heart on an air cooler or an air conditioner model, it’s important to know exactly how these appliances work. An air cooler may seem very similar to an aircon, but there are a few key differences in how they function. While they share the same end goal—that is, to bring down the indoor temperature—these two appliances achieve this effect in different manners.

This is quite obvious by observing the key components of an air cooler, which is also sometimes called an evaporative cooler. The appliance has three main components: a fan, a water tank, and an absorbent pad. The air cooler blows air through the water-soaked pad to reduce the temperature in the room. This works as intended, but it can also raise the humidity levels in enclosed spaces. In the long run, the rising humidity levels can make the room feel stickier and hotter than it already is.

Meanwhile, air conditioners are presented as more sophisticated devices. There are different makes and models of air conditioners, but in general, this appliance features an evaporator coil, a condenser coil, a compressor, and an expansion valve. The compressor pressurizes the liquid refrigerant, or the fluid that readily absorbs heat from the environment, while the expansion valve regulates the flow of the refrigerant into the evaporator.

The evaporator and compressor coils, respectively, receive the refrigerant and facilitate the transfer of heat. The cool side of the air conditioner features the evaporator and a fan that blows cooled air into the room, while the other components except for the expansion valve are usually found on the hot side of the appliance.

A Quick Look at the Pros and Cons of Each Appliance Type

Apart from the differences in how they operate, there are also different pros and cons to investing in either an air conditioneror an air cooler. Here’s a quick overview of what to expect from each appliance, so you can better determine the right option for your needs:

Air Cooler Pros and Cons:

It’s more affordable compared to air conditioners.
It’s easy to install, clean, and maintain.
It consumes less energy and is cheaper and more eco-friendly to run.
Its cooling capacity is limited to reducing only 5 degrees Celsius from the original temperature.
Its water tank must be topped up once it runs out of water.
It increases humidity levels as it cools the room.
It requires continuous air circulation in the room to eliminate the excess humidity.

Air Conditioner Pros and Cons:

It is capable of cooling a room down to as low as 14 degrees Celsius.
It can reduce humidity in the room as it brings down the temperature.
It can be a challenge to install if the room doesn’t have a built-in slot for a window-type aircon, or if you choose a split-type aircon that requires professional installation.
It can be quite pricey, depending on the features of the model.
It consumes more electricity compared to air coolers.
It requires regular professional cleaning and maintenance.
The use of certain refrigerants can contribute to climate change.

If you have the budget and you want to create a cool and comfortable indoor environment that allows people to focus on their tasks, then the air conditioner is a clear option. With such an appliance in your shop or office, you can rest assured that everyone can feel relaxed and unbothered by the heat, even at the peak of the summer season.

If you have an indoor space with plenty of windows for ventilation, however, then an air cooler may be a more practical choice. It should be an adequate solution for keeping a cool breeze circulating in the area without raising your energy consumption. Keeping these considerations in mind will help you make the best possible purchase for your business.

Taking a Look at the History of Philippine Airlines and Its Impact on Philippine Aviation

March 29, 2023 By FAQ Leave a Comment

Image by yrjinargyzhin on Wallpapers.com

Philippine Airlines (PAL) is the country’s flag carrier airline and its largest international airline. Founded in 1941, it has the distinction of being the only privately owned major flag carrier in the Southeast Asian region, as well as the oldest commercial airline in all of Asia. In the years since its inception, Philippine Airlines has come to play a critical role in supporting the growth of the country’s flourishing tourism industry, boosting general economic growth, and communicating Philippine cultural values to every corner of the world.

PAL has also consistently retained its position as a major leader in Philippine aviation over the past 82 years. The airline now boasts a growing fleet of state-of-the-art aircraft and a vast network that stretches across the entire world.

Many—if not most—aspiring aviators pursuing pilot training in the Philippines do so with the hope of one day flying for PAL. Not everyone, however, is aware of how the airline became the storied institution that it is today. This feature explores some major highlights of Philippine Airlines’ history and its most important contributions to the Philippine aviation industry.

Early History

On February 26, 1941, Philippine Airlines was founded by a group of businessmen composed of Andres Soriano Sr., former senator Ramon J. Fernandez, John R. Schultz, Juan Miguel Elizalde, and Ernesto Von Kaufmann. Soriano, the group’s designated head and widely recognized as one of the Philippines’ foremost industrialists, was named the company’s general manager.

PAL’s maiden flight took place nearly a month after its founding, on March 15th, using a Beechcraft Model 18 NPC-54 that carried two pilots and the airline’s five founders as passengers. The short journey began at Nielson Field in Makati City and ended in Baguio City—a route that was to become one of the airline’s daily services. Philippine Airlines was forced to enter a complete five-year hiatus during World War II, which lasted from around late 1941 to 1945 in the Philippines. It resumed operations in February 1946 with a fleet of five Douglas DC-3s and 108 staff members on its payroll, servicing 15 domestic destinations all around the country.

One of PAL’s landmark achievements was becoming the first Asian airline to send an aircraft across the Pacific Ocean. This flight, which used a chartered Douglas DC-4, took place on July 31, 1946 and carried 40 US servicemen from Nielson Airport to Oakland, California. Along the way, the aircraft stopped in Guam, Wake Island, Johnson Atoll, and Honolulu. Following the success of this transpacific flight, PAL opened regular service routes between Manila and San Francisco. It was designated as the Philippines’ official flag carrier in December of that same year.

Transfers of Ownership (1970s-1990s)

Ownership of PAL was transferred to the government in 1974 when then-president Ferdinand Marcos ordered the foreclosure of the country’s two other major airlines, Air Manila Inc. (AMI) and Filipinas Orient Airlines (FOA). This decision was due in large part to a fuel crisis resulting from the war in the Middle East. Now a government-owned monopoly, Philippine Airlines was required to absorb both the aircraft and staff members of the two foreclosed airlines.

PAL remained a government airline through the rest of the 1970s and the 1980s, and it also made several landmark flights during this period. In August 1979, it introduced routes to Canton and Beijing, becoming the first Asian carrier to enter China. Through the 1970s, PAL also began flying to Dubai, Paris, and Chicago. In 1992, the government sold 67% of PAL shares to the holding company PR Holdings, marking the airline’s re-privatization.

Modernization Programs (1990s-2000s)

In 1996, Philippine Airlines embarked on an ambitious re-fleeting and modernization project with the intent of becoming one of the best airlines in Asia within the next 3 years. The program required a hefty investment of USD 4 billion and revolved primarily around the acquisition of 36 cutting-edge aircraft from Boeing and Airbus. Between 1996 and 1999, PAL acquired 12 Airbus A320-200, 8 Airbus A330-300, 2 Airbus A340-200, 4 Airbus A340-300, and 8 Boeing 747-400.

The re-fleeting program was abruptly halted halfway in early 1998, due to the impact of the Asian financial crisis on the airline industry. At this point, PAL downsized its fleet considerably and pulled out of the majority of its active routes, and it would suspend operations entirely in September as the financial crisis worsened. Limited operations resumed in October.

In an attempt to restore PAL’s financial viability, chairman Dr. Lucio C. Tan and his associates made a capital infusion of USD 200 million in June 1999. They subsequently developed a full rehabilitation plan and received approval for its execution from the Philippine Securities and Exchange Commission (SEC). By 2000, in its first year of rehabilitation and after having weathered six years of steep losses, PAL regained its profitability. The Centre for Asia Pacific Aviation named it the “Airline Turnaround of the Year” for 2006 and 2007, citing a successful transformation and restructuring, innovative cost-cutting efforts, and other strategic contributions to the aviation industry.

Since the early 2000s, PAL has made frequent and bold changes to its management and operations in its continuing bid to reestablish itself as one of Asia’s best air carriers. These efforts include continual investments in innovative, sustainable aircraft and consistent service to in-demand destinations all over the world.

4 Concepts to Learn Before Starting an Online Business

March 24, 2023 By FAQ Leave a Comment

To veteran entrepreneurs and rookies alike, the prospect of starting an online business is an appealing one. When you’re using the internet as your main platform, you’ll have more chances to market your brand to a global audience, and you may gain a larger consumer base as a result. Managing an online business also entails a lower operating cost compared to a physical store, since you don’t necessarily have to rent an office or invest in office equipment to get started. That makes it a particularly low-risk and beginner-friendly type of venture compared to a brick-and-mortar business.

All the same, starting an online business comes with its own challenges. For one thing, you may be competing with thousands of other businesses in a similar niche as yours, so you might have trouble keeping your brand visible in the search engines. And for your online business to really take off, you’ll also need to invest in a working website that’s not only acceptable to your online users, but to search engines as well.

Fortunately, with the right business mindset and the help of companies that can fine-tune your brand’s online presence, you can expect your online business to flourish in the digital realm. Here are four concepts you should learn to give your online business a significant boost in performance and revenue.

The Importance of Creating, Optimizing, and Maintaining a Good Website

You can’t have an online presence without a good website, as it’s where your targeted audience will be able to find you in spite of the expansiveness of the World Wide Web. It’s not enough to create an aesthetically pleasing website, however; a good website must respond well and be easily accessed by both online users and search engines. That’s why it’s a good idea to learn about the concept of search engine optimization (SEO) and work with a trusted company that’s known for offering web development and SEO services Philippines-based and international businesses can trust.

SEO companies have the knowledge and resources to optimize your website. They can handle the on-page (everything that’s directly within your website) and off-page (actions taken outside of your website that can impact your online presence) aspects of your website so that it can rank high in online searches and reach your targeted audience. It’s also a plus if the SEO company has an in-house web development team. This way, they can create and help maintain your web pages, keeping your website updated, secure, and running smoothly as a result.

No matter what industry or niche you’ll operate in, it’s a must for you to learn about concepts like SEO, the role of aspects like web design and user experience (UX) in bringing customers to your (virtual) doorstep, and how you can leverage your website’s searchability to build your online presence. Once you do, getting word out about your business will be that much easier.

How an Effective Digital Marketing Strategy Boosts Business

Aside from the value of optimizing your website, you should also learn about how providers like SEO companies can come up with effective digital marketing strategies for your business. You should familiarize yourself with strategies like creating tailored content for your audience. These will make it so that your targeted audience will be more inclined to visit your website and purchase your products or engage with your services often.

A digital marketing campaign that truly suits your business will also allow you to be one step ahead of your peers. If your brand can stay relevant and be perceived by your audience as an innovative force—even when the competition is tight—you’ll be able to stand out from your peers in a positive way.

Using Social Media to Your Advantage

Social media is a powerful tool for cultivating your online visibility. Creating a social media profile and keeping it active will allow you to get the attention and engagement of thousands of users. If you play your cards right, these thousands could turn into tens of thousands or even millions.

However, having a noticeable and verifiable presence on social media takes time. It’ll also require you to use thoughtful strategies to increase brand awareness. Some of the most viable ones include opting for paid social media campaigns, properly incorporating social media trends into your posts, and posting interesting and relevant content. Spamming or being too “hard-sell” on social media won’t cut it, and if you lean on these approaches over thoughtful and honest social media marketing, it could backfire and decrease trust and interest in your business.

How to Do Basic Financial Management

If it’s your first time handling an online business, you might be surprised at the amount of money you can eventually make once your business stabilizes. Although having sufficient cash flow is a sign that your online business is doing well, you can lose revenue if your money isn’t managed properly.

Not knowing how to budget your business expenses correctly can cause permanent financial damage to your brand. Whatever industry or niche you’re breaking into, it helps to learn basic financial management so that you can allocate the right amount of money into various aspects of your business. This, in turn, will keep your operations going for a long time.

If your online business is experiencing rapid growth, it’s a good idea to hire a financial manager who can manage your brand’s finances. Doing so will help you reduce your financial risk and avoid making costly mistakes in your bookkeeping.

Starting an online business is an exciting venture because it gives you a chance to make your mark in the digital world. If all goes well, you’ll gain both fulfillment and financial stability for yourself and your employees. But in order to achieve that, you’ll still have to make timely and well-informed decisions—just like how you would if you were running an onsite business with more capital. After all, an online business is still a business.

If you master the four concepts listed above, it’ll be easier to ride out the growing pains of running your own business and gaining a large online following. You’ll also have an easier time working with companies who understand the needs of your online business and who are willing to help you reach your goals. Do right by your new business venture, and do your homework!

6 Things You Should Know about PEZA Zones

August 11, 2022 By FAQ Leave a Comment

Philippine Economic Zone Authority (PEZA)’s Special Economic Zones (SEZs) have been critical in spreading economic growth throughout the country, particularly in the countryside. While it is just one of many SEZ authorities in the Philippines, its legal powers are the most comprehensive in scope, effectively giving it the lead in developing industrial parks and other special facilities.

Here are 6 things you should know about PEZA Zones.

1. PEZA Zones Attract Critical Foreign Direct Investments

PEZA zones were designed from the ground up to attract foreign direct investments (FDIs). Historically, FDI inflow into the Philippines has been limited by a combination of red tape, ownership laws, and the lack of infrastructure. PEZA zones and other special zones and parks were set up as a way for foreign investors to avoid these issues.

The perks offered by PEZA zones include expedited paperwork, relaxed foreign ownership restrictions, and reduced tariffs. Offering these has allowed the Philippines to better leverage its comparative advantage—high-quality labor. This combination of benefits has proved to be a winning one, as PEZA zones now attract thousands of foreign locators each year.

2. 16% Of the Philippines’ GDP Is Generated through PEZA Zones

PEZA zones generate immense value for the Philippine economy. In 2019, about 16% of the country’s GDP was attributed to economic activity generated within special economic zones, mostly managed by PEZA. About 70% of the country’s total exports of commodities were produced in SEZs as well. This all amounted to about USD 60.2 billion in direct economic value in 2019.

The economic merit of these zones was further underlined during the COVID-19 pandemic. These areas continued to be a source of income for the country despite the disrupted global supply chains. This recent event has proven that SEZs are now vital to the country’s stability.

3. They Are Key to Decentralizing Job Opportunities

One unfortunate fact about the Philippines is that there is currently a job equity gap between rural and urban Filipinos. While the cost of living tends to be much lower in the countryside, incomes tend to be disproportionately low as well, preventing individuals from saving, investing, or taking entrepreneurial risks.

Job opportunities in the Philippines are overwhelmingly concentrated in highly developed urban areas like Metro Manila and Metro Cebu. Jobs in these cities tend to be more plentiful, diverse, and better paying than in most other places in the country. This has led to massive urban migration from the countryside, simultaneously creating urban blight and negatively affecting rural job markets.

PEZA zones are now helping slow down this general trend of urban migration. The presence of PEZA zones in smaller regional cities has played a key part in convincing many Filipinos to stay in their hometowns. In most cases, these zones offer very high-quality jobs with better salaries and career advancement prospects than is typical for smaller communities.

4. The Biggest PEZA Zones Are in the Countryside

While there are numerous PEZA zones located within major cities, the largest ones are mostly located in smaller cities and municipalities in the countryside. When they are built in less prosperous areas, these zones are responsible for a large proportion of local economic activity.

Large PEZA SEZs are often located outside of big cities because of the much lower cost of land acquisition in rural areas, which consequently brings down the development cost of industrial parts. Additionally, industrial waste from factories is often easier to manage in the countryside, as waste treatment facilities can be difficult to set up in built-up urban areas.

5. PEZA Zones Boost Surrounding Communities

PEZA zones in the countryside do not operate in isolation. Industrial parks and other SEZs contribute significantly to local economies, wherever they are built.

The businesses connected to SEZs pay local taxes, generate local business opportunities, and boost local employment. Many of the service and market gaps that may exist in SEZs are often addressed by local entrepreneurs who, in turn, create additional value for the local economy.

Recognition has already been given to the role of industrial parks in boosting communities in the countryside. In 2019, Malacañang’s Administrative Order (AO) 18, “Accelerating Rural Progress Through Robust Development of Special Economic Zones in the Countryside,” was signed, effectively making SEZs an official tool for countryside development.

6. PEZA Zones Spur Domestic Innovation

Over the decades that SEZs have been in the Philippines, these areas have proven critical for vital technology and knowledge transfers. The establishment of foreign businesses in PEZA Zones has helped Filipinos become more familiar with various technologies and methods that were previously unknown or rare in the Philippines.

Many Filipino professionals and entrepreneurs have already created their own startups that leverage these learnings. A high proportion of Filipino entrepreneurs have gotten their start from working for multinationals located in SEZs. It would be hard to overstate the impact that SEZs have had in bringing local businesses to global standards.

PEZA SEZs have been an essential part of the Philippine economic formula for decades. They are a source of jobs, domestic innovation, and economic stability and have helped improve the lives of millions of Filipinos, especially in the countryside. One day, the successes of these zones may even be copied or exceeded in other parts of the country.

6 Practical Money Management Tips for Newlyweds

August 10, 2022 By FAQ Leave a Comment

As newlyweds, you and your spouse will be blending all aspects of your life, including your finances, which means the two of you will be sharing your income, expenses, assets, and liabilities. As such, it’s a good idea to discuss your financial management plan as a couple as early as possible. It’s certainly ideal to talk things through when it comes to money matters since it is one the most common sources of disagreements in the first three years of marriage.

While your household finances isn’t the most romantic topic of conversation out there, it’s a subject that certainly needs to be discussed. It allows you to plot the best ways to handle your money, from paying your bills to managing your savings, all while supporting the lifestyle that you want for yourselves. It also helps you prepare for future plans, like adding new members to your family.

As you transition from handling your finances independently to doing it as husband and wife, here are six practical money management tips you can take into consideration.

Buy Household Items Secondhand

When moving into your new home, it can be tempting to purchase brand new household items to welcome your new life together as a married couple. However, getting new furniture and appliances to match your new home can be a costly choice. Unless you have the budget to buy everything brand new, you can consider getting some of them secondhand. It will help you save up money and still furnish your home.

Additionally, purchasing secondhand is a great way to discover quality items at lower prices. You’re likely to find a second hand sofa or dining set in good condition at a fraction of the cost that you would typically pay for when you get the set brand new. Moreover, you’re also more likely to stumble upon unique pieces when you buy secondhand, since many of these items are no longer being produced or they may come from faraway places where the original owners lived. Think of furniture and decorative pieces of rare designs, or even custom creations you probably wouldn’t find elsewhere.

Open a Joint Account for Household Expenses

Having a joint account mainly for household expenses will help you monitor the money that comes in and out of your coffers. You can also use it as your central fund to pay for your common household expenses such as food, rent, utility bills, and others. Sharing a joint account also allows both of you to access the money should you encounter emergencies.

And if you’re wondering about whether or not it’s advisable to keep separate accounts as a married couple, the short answer is “it’s totally up to you.” Many relationship experts and even long-time couples recommend the practice of letting one’s spouse maintain their financial independence while also sharing financial responsibilities.

Talk about Who Pays for What

If you have a two-income household, be sure to define what your monthly contributions will be for the household. You can also discuss how much you’ll give to the joint account monthly, as well as how much you’ll spend, save, and invest. In case you prefer maintaining separate accounts, you can assign certain payments to each other. This can depend on your earnings and if you have any loan obligations to fulfill before getting married.

Some couples assign between them who will manage certain daily expenses. One might be assigned to handle food, utilities, and transportation, while the other might be tasked to make contributions toward the household’s insurance, retirement funds, and investments. This is a practical approach because you get to distribute your household’s financial responsibilities. That said, make sure that these financial responsibilities are distributed equitably.

Set Up a Luxe Fund

Do you want a new smart TV or go on a vacation? Prepare for these non-essential expenses by creating a “luxe fund” and channeling a portion of your income into it. Doing this will allow you to still take care of essential expenses while saving up for the little luxuries you want. Also, it’s a good practice to splurge on dispensable expenses only when you already have enough budget for them. It will help teach both you and your spouse to plan and control your spending.

Build an Emergency Fund

It’s never too early to set up an emergency fund, and you won’t regret doing it. An emergency fund is a stash of money (ideally a separate savings account) that you set aside in case the unexpected happens, such as a health emergency, a home repair emergency, or a retrenchment at work.

When considering how much of your monthly budget you should set aside for your emergency fund, you can follow the typical recommendation of stashing away at least 6 months’ worth of living expenses. To do this, you’ll need to set aside 10 percent or more of your gross income each month, and you need to keep saving until you have the amount you need—or more.

If you want to ensure you regularly put money into your emergency fund, you can set up an automatic transfer with your bank or take turns with your spouse putting money into the account every month. If you begin creating an emergency fund now, you can slowly grow it over time, which should give you peace of mind should you encounter any unexpected issues in the future.

Update Your Accounts

Many newlyweds move into new homes after getting married. If you’ll have this kind of arrangement as well, make sure to notify the banks, credit card companies, insurance companies, and investment companies you have accounts with about the change in your address or contact information. You also have to inform these institutions about your change in marital status because the union will have a bearing on your legal entitlements to one another’s financial assets and estates.

When it comes to managing finances, it’s up to you as a couple to discuss what works best for you. However, if you’re looking for time-tested pieces of advice, make sure to consider the abovementioned tips. These will help you settle in your new life as husband and wife, and they will help you prepare financially for your future.

Boracay Dubbed One of TIME’s 50 World’s Greatest Places of 2022

July 25, 2022 By FAQ Leave a Comment

It has already been said before, and possibly many times over since—Boracay is one of the hottest destinations in the Philippines. While access to this beautiful island has been temporarily cut off from tourists following the previous administration’s rehabilitation campaign on the area that lasted for several months, momentarily earning the title “Paradise Lost,” not to mention the recent onset of the pandemic that closed the area for its potential to draw the crowd. But the landmass that is known for its fantastic white sand beaches and milieu of clear seawaters easily rebounded from its temporary seclusion—eventually emerging as one of TIME Magazine’s 50 World’s Greatest Places in 2022.

So, yes, Boracay’s path to healing as a result of human pollution may have exceeded the anticipated months-long government-imposed recuperation because of the arrival of COVID-19, stretching its significant isolation to nearly three years. Quite a long time even for avid travelers to consider other more accessible places over it—to which there are plenty all over the world. But with this absence comes the makeover that makes the famously amazing atoll spotless as it originally was. Via TIME, there had been reports from locals stating that Boracay has now a renewed set of flora and fauna, especially sea turtles.

However, while it takes someone who already loves Boracay, be it the locals or tourists, to not ever forget its existence, it is more so for the Department of Tourism (DOT) whose task is to promote the country its tourist-worthy destinations, like Boracay.

Acknowledging TIME’s inclusion of Boracay in its campaign, DOT Secretary was quoted as saying—”The DOT affirms its pride and honor as Boracay Island once again proved its allure as a tourist haven. Such recognition will surely help us attain our goal of regaining our position in the global market.”

Further, “Surely, the Philippines has a multitude of sites and tourism activities that we could offer to the world. And, in addition to natural resources, we look forward as well to developing and promoting the talents of our people and the products that have the potential for national and global marketability.”

Although Boracay’s inclusion in the list was largely owed to its natural beauty, other places to join the roster also included settlements, but are nevertheless worthy of people’s admiration in one way or another, such as the capital cities of South Korea and Qatar.

Want to experience Boracay in all its revamped beauty? Why not book a Boracay tour package, now while you’re at it?

Top 10 Universities in the Philippines

June 3, 2021 By FAQ Leave a Comment

Having been known for its heaven like beaches, the Philippines has attracted thousands of international citizens to visit the country. Apart from its tourism magnet, it has been reported that there are more than five thousand foreign students coming to the country for their academic pursuit every year. The reasons are pretty clear. The living costs and school fees are considered way more affordable when compared with other English speaking countries. Not only that, its tourism spots and mix of cultures (Spanish, American and Malay) make the country far more interesting to young minds who want to explore and have fun while stuying. So far, such large number of students are catered by around two thousand universities in the Philippines.

Choosing the one that suits your academic needs out of so many options might be tricky, but knowing list of the country’s top universities may help you make up your mind. To be noted, the list is based on the Quacquarelli Symonds (QS) Asia University Rankings of 2021 and so far, there are ten Philippine universities that have made their way into the billboard chart.

University	Ranking
University of the Philippines	69th
Ateneo de Manila University	135th
De La Salle University	166th
University of Santo Tomas	186th
University of San Carlos	451 – 500
Ateneo de Davao University	501 – 550
Mapua University	501 – 550
Silliman University	501 – 550
Mindanao State University – Iligan Institute of Technology	551 – 660
Adamson University	600+

1. University of the Philippines Diliman

UP Diliman is the number one university in the country. Although the University of the Philippines is government funded and it is accessible throughout the country as it has 15 different campuses in different locations. UP Diliman in Quezon City is the most reputable one. Being awarded as the 69^th best university in Asia and 367^th in the world by the QS,

UP Diliman has more than twenty thousand students with three most recognized majors: English language and literature, management and social sciences. Other than the three majors, academic programs related to architecture, biology, business, broadcast, chemistry, computer, economics, film, food technology, geology, industry, journalism, mathematics, mining, psychology, tourism and visual communication. In addition to the varied programs, the Commission on Higher Education has declared many of its research centers the National Centers of Excellence.

Type: State University

Bachelor’s degree: ₱ 40,000-50,000 per year

Master’s degree: ₱ 3,800-51,000 per year

2. Ateneo de Manila University

This university is one of the country’s oldest as it was established in mid 1800’s. Claiming that Lux in Domino or Light in the Lord in English as its motto, this university holds up to excellent education and doing something for environment and community, which can be seen clearly through its sustainability programs.

Academically, Ateneo de Manila is placed joint 95^th among Asian universities and 551-600 in the world. Its widely recognized programs are the English language and literature along with arts and humanities. In fact, the first is ranked among the world’s top 200, while the later among the top 350. Other than the those popular majors, other programs are available, such as economics, management, development studies, communication, and European studies.

Type: Private University

Bachelor’s degree: ₱ 160,000-180,000 per year

Master’s degree: ₱ 50,000-70,000 per year

3. De La Salle University

The university is highly reputable in the Philippines, popular for its academic quality and researches. Even fourteen of its programs have been declared Centers of Excellence and five Centers of Development by the Commission on Higher Education. Not only that, the university has received an autonomous status from the Commission.

Furthermore, the university has received global recognition. Despite the fact that it is ranked among the 701-750 when compared with other universities around the world and 166^th in Asia, its English language and literature major is indeed quite well recognized as it joins the world’s top 200. There are currently more than eighteen thousand students pursuing their degree in the university. Hundreds of them are international students coming from twenty different countries.

Apart from its excellent academic programs, De La Salle University, which was established in 1911 by the Brothers of Christian Schools, is well known for its community service active involvement.

Type: Private University

Bachelor’s degree: ₱ 205,000-225,000 per year

Master’s degree: ₱ 37,000-100,000 per year

Doctorate degree: ₱ 110,000-205,000 per entire program

4. University of Santo Tomas

Looking at the university’s academic programs, University of Santo Tomas is a one stop study center. Quite similar to the diverse academic options presented by the University of the Philippines Diliman, this university caters a wide range of academic flairs: accounting, arts, chemistry, biology, engineering, commerce, architecture, computer science, hospitality, education, human resources, journalism, laws, music, literature, pharmacy and many others.

Founded in 1611, this university is the oldest in the country and in Asia. So far, its reputation has been affirmed by the QS four star rating it receives and its 801-1000 global place in the QS World University Rangkings. With the currently formed Academic Programs Quality Assurance Office, the quality of each program offered by the university is closely monitored to meet global standards.

Type: Private University

Bachelor’s degree: ₱ 100,000-120,000 per year

Master’s degree: ₱ 66,000-78,000 per year

Doctorate degree: ₱ 74,000-94,000 per year

5. University of San Carlos

University of San Carlos (USC) is a Catholic educational institution administered since 1935 by Society of the Divine Word (SVD) missionaries. A University since 1948, USC offers the complete educational package from kindergarten, including a Montessori academy, to graduate school.

USC is ranked by the International/Asia Quacquarelli Symonds (QS) within 451-500 in Asia as of 2021. USC is also ranked by Scopus as 8th (2018) and Research Gate as 7th (2020) among universities in the Phils. with the most indexed research publications.

Type: Catholic Private University

Bachelor’s degree: ₱ 70,000-80,000 per year

Master’s degree: ₱ 19,500-35,000 per year

6. Ateneo de Davao University

Ateneo de Davao University (Filipino: Pamantasang Ateneo de Davao), also referred to by its acronym AdDU, is a private Catholic basic and higher education institution run by the Philippine Province of the Society of Jesus in Davao City, Davao del Sur in the Philippines. The university has five undergraduate schools, namely the School of Arts and Sciences, School of Business and Governance, School of Engineering and Architecture, School of Education and the School of Nursing. The graduate programs are under these units as well. The College of Law is a separate unit within the university. The university also runs a grade school and high school, both Junior High School and Senior High School.

The University was granted “Institutional Accreditation” by the Philippine Accrediting Association of Schools, Colleges and Universities in which only six universities in the country were given such recognition, and was also granted Autonomous Status by the Commission on Higher Education (Philippines).

Type: Private University

Bachelor’s degree: ₱ 70,000-80,000 per year

Master’s degree: ₱ 19,500-35,000 per year

7. Mapúa University

Mapúa University, formerly named Mapúa Institute of Technology and also referred to by its acronym MU is a private, non-sectarian, research-oriented higher education institution located in Intramuros, Manila and in Makati. It was founded in 1925 by the first registered Filipino architect, Tomás Mapúa, a graduate of Cornell University.

With more than 10,500 students, Mapúa has been producing professionals in diverse fields, namely, engineering and sciences, architecture and design, media studies, information technology, business and management, and social sciences. It offers 39 undergraduate programs, 37 master’s degree programs, 17 joint programs, 7 double-degree programs, and 6 doctorate programs.

Type: Private University

Bachelor’s degree: ₱ 130,000-195,000 per year

Master’s degree: ₱ 44,000-92,000 per year

Doctorate degree: ₱ 65,000-74,000 per entire program

8. Silliman University

Silliman University (also referred to as Silliman or SU) is a private research university in Dumaguete, Negros Oriental, the Philippines. Established in 1901 as Silliman Institute by the Presbyterian Board of Foreign Missions, it is the first American and Protestant founded institution of higher learning in the Philippines and in Asia. In terms of accreditation, Silliman is one of only five universities in the Philippines with “Institutional Accreditation” by the Federation of Accrediting Agencies of the Philippines (FAAP).

Type: Private University

Bachelor’s degree: ₱ 60,000-80,000 per year

Master’s degree: ₱ 40,000-80,000 per year

Doctorate degree: ₱ 40,000-80,000 per year

9. Mindanao State University–Iligan Institute of Technology

The Mindanao State University – Iligan Institute of Technology, commonly referred to as MSU-IIT, is a public coeducational institution of higher learning and research university located in Iligan City, Philippines, charted in 1968 by Republic Act 5363 and integrated as the first autonomous unit of the Mindanao State University System in 1975.

Type: State University

Bachelor’s degree: ₱ 7,000-18,000 per year

Master’s degree: ₱ 28,000 per year

10. Adamson University

Adamson University (AdU; Filipino: Pamantasang Adamson) is a private university in Manila, Philippines, founded on June 20, 1932, by Greek immigrant George Lucas Adamson as the Adamson School of Industrial Chemistry. Adamson University has programs in graduate school, law, the liberal arts, sciences, engineering, nursing, pharmacy, architecture, business administration, and education, as well as secondary, elementary, and preparatory education.

Type: Private University

Bachelor’s degree: ₱ 66,000-120,000 per year

Master’s degree: ₱ 20,500-45,000 per year

Doctorate degree: ₱ 22,000-53,000 per year

Top 10 Best Hospitals in the Philippines

May 28, 2021 By FAQ Leave a Comment

With so many medical facilities in Philippines, it can be it difficult to know which hospital will be the right option for you. Hospitals in both the private and public sectors are typically safe and reliable. Deciding between both is generally a matter of choice, as both systems deliver top-of-the-line medical care.

The largest benefit of going public is the affordability factor. Costs are generally lower than those in private hospitals, as public hospitals are usually subsidized by the government. Public hospitals in Philippines are typically considered to be of a high standard with highly trained medical professionals and world-leading facilities.

In addition to these public hospitals, there are a number of privately run hospitals and centres that do not receive the same funding from government and therefore charge patients directly for services. If ultimate luxury and comfort are what you are after, then chose a private hospital for your treatment. Expect shorter waiting times and a smoother administration and billing process.

If you don’t already have health insurance and get sick, you have to pay the full cost of your medical care.
So make sure you have quality health insurance that covers your medical expenses, including prescriptions.

We have compiled a list of 10 best hospitals in Philippines including options from both public and private sectors.

1. Philippine Heart Center

The Philippine Heart Center is a hospital in Quezon City, Philippines, specializing in the treatment of heart ailments. It was established in 1975 under the Marcos Administration. It ranks as one of the leading medical institutions in Asia for the medical and surgical treatment of heart diseases. The Center admits more than 14,000 patients yearly, of whom more than 3,300 undergo heart surgery.

Aside from offering medical services, the Center is deeply involved in cardiovascular research, training and education and public information. It offers training programs not only for aspiring heart specialists but also for private and government medical practitioners. It engages in various researches on the prevention and control of cardiovascular diseases and undertakes nationwide information programs on the heart and heart care.

Location: East Avenue, Quezon City, Metro Manila

Website: www.phc.gov.ph

Phone: +632 8925 2401

2. St Luke’s Medical Center Quezon City

Considered as one of the best in Asia and renowned the world over, no hospital in the Philippines has gained so much attention over time as St. Luke’s. The hospital has a 650 bed-capacity and also hosts medical equipments such as the 3-Tesla MRI, 1152-slice dual energy CT scanner, PET scanner and Cyclotron. It employs at least 1,700 doctors and about 2,600 non-medical staff.

The St. Luke’s Medical Center in Quezon City is the first hospital in the Philippines and the second one in Asia to be accredited by the Joint Commission International. The hospital first earned the distinction in 2003 and the accreditation has been renewed at least four times. In 2012, HealthExecNews chose St. Luke’s Medical Center as one of the Top 25 Most Beautiful Hospitals in the World.

Location: 279 E. Rodriguez Sr. Ave., Quezon City, Metro Manila

Website: www.stlukes.com.ph

Phone: +632 8723 0101

3. Makati Medical Center

The Makati Medical Center in Manila, Philippines, has been providing top quality care for over 45 years. Their depth of experience and highly regarded reputation make it an excellent option for anyone seeking affordable medical treatment abroad. The Center has a 600 bed-capacity and is known throughout the country as one of the best places to receive treatment for both domestic and foreign patients.

In 2011, Makati Medical Center became the first and only Philippine health institution to be certified with the 4th edition Joint Commission International accreditation and the 4th hospital in the country to be accredited. Also in the same year, Asian Hospital Management Awards (AHMA) gave Makati Medical Center an “A Decade of Achievement” special award. This recognition was given to the top three hospitals who won the most Asian Hospital Management Awards in the 10 years of HMA.

Location: 2 Amorsolo Street, Legaspi Village, Makati, Metro Manila

Website: www.makatimed.net.ph

Phone: +632 8888 8999

4. Asian Hospital and Medical Centre

Founded in March 2002 by Jorge Garcia, MD – an alumnus of the Faculty of Medicine & Surgery of the University of Santo Tomas – Asian Hospital and Medical Center (AHMC) has been synonymous to advance medical facilities that are at par with international standards of medicine. Located in the Filinvest City in Alabang, Muntinlupa City, the hospital has 296 beds and a thousand medical staff who are trained to provide quality and compassionate patient care.

The first hospital in the Philippines designed with a hotel-like ambiance, AHMC believes in creating an environment which ultimately promotes healing, comfort, and care for the patient and their family. It has also been accredited by The Joint Commission in 2013, with a renewal of the accreditation given in 2016.

Location: 2205 Civic Drive, Filinvest Corporate City Alabang, Muntinlupa City

Website: www.asianhospital.com

Phone: +632 8771 9000

5. The Medical City

The Medical City (TMC), the largest healthcare network in the country, is composed of one flagship complex, four provincial hospitals, and over 50 clinics in Metro Manila and in select provinces in the Philippines. The main facility is located on a 1.5 hectare property along Ortigas Avenue in the business district of Pasig City, Metro Manila. It is composed of 115,000 square meters of floor space, and includes two Nursing Towers with capacity of up to 800 beds.

The Medical City Main has been conferred accreditation by the Joint Commission International for attaining and maintaining the highest standards of quality for healthcare organizations. JCI is widely recognized as the most prestigious accrediting body for international healthcare organizations.

TMC has defined for itself the value proposition: “Where Patients are Partners.” This phrase finds its fullest meaning when the patient is viewed not as a problem to be solved or a charge to be cared for, but as a partner in his own health.

Location: Ortigas Center, Pasig, Metro Manila

Website: www.themedicalcity.com

Phone: +632 8988 1000

6. Cardinal Santos Medical Center

Named in the honor of Archbishop Rufino Cardinal Santos, the medical center is a 235-bed tertiary general hospital. Cardinal Santos Medical Center (CSMC) earned its place as a leading hospital in the country that specializes in cardiology, neurosurgery, oncology, and rehabilitation medicine. CSMC is also recognized for its expertise in pediatrics, obstetrics and gynecology, pulmonary medicine, nephrology, urology, and minimally invasive surgery.

CSMC has defined for itself the value proposition: “YOU are family”. At CSMC, every patient is treated like a family member. Each one is guaranteed to experience not just the best of care but the warmth and dedication we give to our own family.

Location: 10 Wilson St. Greenhills West, San Juan City, Metro Manila

Website: www.cardinalsantos.com.ph

Phone: +632 8727 0001

7. Philippine General Hospital

More than most hospitals, Philippine General Hospital (PGH) has become a household word, and rightly so. Administered and operated by globally-recognized top university in the country, University of the Philippines, the hospital can certainly boast of the best and the brightest medical personnel in the region.

As a public hospital, PGH is regarded as the national public hospital of the Philippines, and because of this, it has been known as the hospital of the indigents. PGH has 1,100 beds and 400 private beds, and has an estimated of 4,000 employees to serve more than 600,000 patients every year.

Location: Taft Avenue, Ermita, Metro Manila

Website: www.pgh.gov.ph

Phone: +632 8554 8400

8. Manila Doctors Hospital

Recently acquired by MetroBank Foundation, Inc., Manila Doctors has certainly become a premiere health-care destination inside the country and right at the tourist district of Manila. It was founded in the City of Manila in 1956 by the group of doctors. The hospital is currently owned by the Manila Medical Services, Inc. It provides services for physical examination, cardiovascular check, and oncology unit.

The hospital slogan is “World Class Care Within Your Reach“.

Location: 667 United Nations Avenue, Ermita, Manila

Website: www.maniladoctors.com.ph

Phone: +632 8558 0888

9. University of Santo Tomas Hospital

The University of Santo Tomas Hospital (simply UST Hospital or USTH) is a hospital located at the University of Santo Tomas. Founded as San Juan de Dios Hospital in 1577, UST Hospital is one of the oldest – if not the oldest – hospital in the country. The hospital has two divisions, a clinical teaching hospital that offers inexpensive medical care for indigent patients and a private hospital for patients with financial means, which is partially used to subsidize the clinical division.

The USTH, the base hospital and training facility of students of the University of Santo Tomas Faculty of Medicine and Surgery, the UST College of Nursing, and the UST College of Rehabilitation Sciences, is a level III, tertiary care center within the campus of the University of Santo Tomas, the oldest University in Asia. As a premier institution of learning in the Philippines, excellence in training, education and research is central in the vision and mission of the USTH.

Location: A.H. Lacson Avenue, Sampaloc, Manila, Metro Manila

Website: www.usthospital.com.ph

Phone: +632 8731 3001

10. Chong Hua Hospital

Chong Hua Hospital is a hospital in Cebu City, Philippines. It is a non-stock, non-profit organization, owned and managed by the Asociación Benévola de Cebú. With 660 beds and state-of-the-art facilities and equipment, Chong Hua is considered as one of the biggest, most advanced, fully integrated and comprehensive healthcare facility system in the Visayas and Mindanao.

In 2009, it became the first hospital outside Luzón and third in the Philippines to be accredited by Joint Commission International. The hospital had been able to keep its agency accreditation until 2015.

Location: Don Mariano Cui Street, Fuente Osmeña, Cebu City, Central Visayas

Website: www.chonghua.com.ph

Phone: +633 2255 8000

A Guide on Arrival and Quarantine Procedures

May 23, 2021 By FAQ Leave a Comment

Due to the evolving COVID-19 situation, the Philippine Government has issued precautionary measures, mandatory protocols and requirements for travelers. For passengers in international flights to the Philippines, please be guided on new arrival and quarantine procedures in Manila, Cebu, and Clark.

Passengers, regardless of vaccination status, are still required to undergo respective testing and quarantine as specified by the Philippine Inter-Agency Task Force on the management of Emerging Infectious Diseases.

Taking a COVID-19 RT-PCR Test is a requirement of the Philippine government for all arriving international passengers. Children,including infants, are required to undergo the RT-PCR Test. They must also complete the registration process and pay a separate testing fee. For minimized discomfort, infants will be swabbed through the mouth.

The test is free for OFWs (Overseas Filipino Workers), whether they arrive in Manila, Cebu, or Clark.

Upon Arrival

Listen to the briefing to be conducted by the Philippine Coast Guard and airline staff.
Upon deplaning, undergo a temperature check and submit the Health Declaration Form.
Verify your quarantine hotel booking with a hotel coordinator and validate your Affidavit of Undertaking.
Arrange your transfer to the hotel at these desks if you haven’t done so yet. There are shuttles and vans available. If you prefer a coupon or meter taxi, there is a separate desk for that. You will be given a sticker to indicate your choice of transportation to your quarantine hotel.
– Red: Pre-arranged hotel transfers
– Blue: Shuttles/vans
– Yellow: Metered Taxis
– Green: Coupon Taxis
Proceed to the verification booth where medical staff will confirm your eCIF data.
Pay for your RT-PCR test. The test costs P4,000 and you may pay with cash, card, or through the following online payments: AliPay, WeChat Pay, PayPal, and GCash.
Get a sticker. After paying, you will receive a sticker indicating that you have a confirmed booking and you have already paid for your test. Place the sticker on the back of your passport.
Clear Immigration inspection. Submit your accomplished Arrival Card.
Pick up your bags at the assigned carousel at the Baggage Claim area.
Submit your signed Affidavit of Undertaking and accomplished Customs form.
Proceed to your arranged transportation and transfer to your hotel.

At the Quarantine Hotel

On Day 1, check in at your hotel. Follow all the government and hotel policies being implemented within the vicinity. Wait for the schedule of your test on Day 6. Note that Day 1 starts on the day of your arrival in the Philippines. If you exhibit symptoms anytime between Day 1 and the day of your test, inform your hotel immediately. A health or BOQ officer will assess you fro medical management and testing, as necessary.
On Day 3 of your quarantine stay, you will receive a follow-up email for confirmation of your hotel and room number. It will also include an assessment checklist for updates on your health. Answer the form no later than Day 4 of your quarantine stay.
On Day 6, the testing agency may contact your or your hotel to confirm your location and schedule.
On Day 7, undergo an RT-PCR test. You will have to present your passport, QR Code, and payment receipt to the personnel who will administer the test.

Going Home

Get a clearance from the hotel staff. You will need to present your negative test result and BOQ medical certificate.
Arrange your preferred transportation. You may contact your relatives or your LGU to pick you up or arrange another mode of transportation going home.
Complete your 14-day quarantine / self-isolation under the monitoring of your LGU and Barangay Health Emergency Response Teams.