Tuesday, December 26, 2017

Department of Labor Orders Jollibee to Regularize 500 Workers

Jollibee Will Regularize Workers


The Department of Labor and Employment released its orders to Regularize at Least 500 Workers in its Difference Branches.

DOLE said it issued the order after it found the nine branches in the region to be engaged in labor only contracting activities in addition the Department of Labor regional office also ordered Jollibee Fooods Corp. and its contractors to pay unauthorized deductions totaling 775,050 Pesos to the affected employees including its proof of remittances with the SSS, PhilHealth, and Pag-Ibig to secure workers' social welfare benefits.

The compliance order issued by Department of Labor were 3 Jollibee branches in Puerto Princesa City in Palawan, 5 in Oriental Mindoro, and 1 in Romblon. Jollibee which is the one of the Largest Fast Food in the Philippines has more than 750 stores in the Philippines. The Department of Labor pointed out the Jollibee and its 3 Contractors should regularize employees who it said were found to be performing activities which are directly related to its fast food chain operations.

The Department of Labor regional labor inspectors saw violations including the lack of substantial capital of the contractors. They noted the deployed employees use the principal's equipment and tools in performing the outsourced services. Worse, the DOLE said it found non-compliance by the contractors with Occupational Safety and Health (OSH) standards, due to the lack of trained safety officers and failing to submit OSH reports. The Department of Labor ordered Jollibee Foods Inc. and its contractors to immediately issue appointment letters and payroll reflecting the entitlements of the affected workers as regular employees.

Source: Bilyonaryo.net

Friday, December 22, 2017

Understanding Mutual Funds

What is Mutual Fund? A mutual fund is a pool of money professionally managed and invested in specific types of securities. The manager of a mutual fund is guided by strict regulations. However, he monitors the value of the investments very closely so that he can maximize the earnings of the fund, while operating within the fund's objective and guidelines. A good investment manager should outperform the usual alternative investments available mostly to big investors.


Advantages of Mutual Funds

Professional Management. The money accumulated in a mutual fund is managed by professionals who decide on behalf of the shareholders on investment strategy. These professionals choose investments that best match the fund's objectives as described in the prospectus. Their investment decisions are based on extensive knowledge and research of market conditions and the financial performance of individual companies and specific securities.

Diversification. Fund managers typically invest in a variety of securities, seeking portfolio diversification. A diversified portfolio helps reduce risk by offsetting losses from some securities with gains in others. The average investor would find it expensive and difficult to construct a portfolio as diversed as that of a mutual fund. Mutual funds provide an economical way for average investors to obtain the same kind of professional money management and diversification of investments that is available to large institutions and wealthy investors.

Liquidity. is the ability to readily convert investments into cash. Other investment products require investors to find a buyer so that he can liquidate his investment. That is not the case with mutual fund shares because the fund itself stands ready to buy back these shares at the prevailing Net Asset Value Per Share. While the law provides that the redemption proceeds must be given within seven (7) banking days from the date of the redemption request, most funds are able to pay the redemption proceeds with 2 to 3 days. Mutual funds are, therefore, considered very liquid investments.

Safety. Mutual funds are highly regulated by the Securities and Exchange Commission (SEC) under the Investment Company Act and its implementing rules and guidelines. They are prohibited from investing in certain investment products and from engaging in certain transactions. They also have to submit regular reports to the SEC and the shareholders as well.

Daily Pricing. Mutual funds must calculate the price of their shares every business day. Investors can sell (redeem) some or all of their shares anytime and receive the current share price, which may be more or less then the original price.

Voting Rights. Mutual fund shareholders are part owners of the fund and are therefore entitled to vote during the funds' annual shareholders' meeting.

Potential Higher Returns. Because a mutual fund is managed as a single portfolio, it is able to take advantage of certain economies of scale. For instances, with its millions or billions under management, it can negotiate for lower stockbrokerage fees or command higher interest rates on fixed-income investments.

Tax Free. Income generated by mutual fund shareholders are exempted from capital gains tax as stipulated in the Comprehensive Tax Reform Program.

From Understanding Mutual Funds
http://ofw-investment.blogspot.com/

Thursday, December 14, 2017

OFW Validation of Exit Clearance at NAIA Terminals (Manila Philippines)


NAIA TERMINAL 1: Departure Area, Third Floor

Step 1: For New OFW should present their OEC at OFW Lounge and Validate before going to the counters. For Returning OFW you may proceed to next step. Step 2: Check in at your Airline counter (Including your luggage) Step 3: Proceed to OEC Validation center in front of immigration counter to Validate your OEC Exemption number or print out. Note: You may skip all this steps however most of the time immigration counter has no updated system about OFW validation, to avoid this it is better to validate before proceeding to immigration, or else the immigration officer will request you to go back on validation and return to him after getting the confirmation form. Step:4 Proceed to the Bureau of Immigration Counters.

NAIA TERMINAL 2: Departure Area, Second Floor

Note: Before All Steps All OFW's should go for Visa Check Outside the Terminal 2 Departure Area in Front of Entrance gate (This only applies in Terminal 2, other terminals Visa Check are in Airline Check in Counters.)


Step 1: For New OFW should present their OEC at POEA-LAC location and Validate before going to the counters. For Returning OFW Validate your OEC Exemption number or print out. Step 2: Check in at your Airline counter (Including your luggage) Step 3: Proceed to OEC Validation center in front of immigration counter to Validate your OEC Exemption number or print out. Note: You may skip all this steps however most of the time immigration counter has no updated system about OFW validation, to avoid this it is better to validate before proceeding to immigration, or else the immigration officer will request you to go back on validation and return to him after getting the confirmation form. Step:4 Proceed to the Bureau of Immigration Counters.

NAIA TERMINAL 3: Departure Area, Second Floor

Step 1: For New OFW should present their OEC at Validation area in beside the entrance gate and Validate before going to the counters. For Returning OFW Validate your OEC Exemption number or print out. Step 2: Check in at your Airline counter (Including your luggage) Step 3: Proceed to OEC Validation center in front of immigration counter to Validate your OEC Exemption number or print out (POEA-LCA). Note: You may skip all this steps however most of the time immigration counter has no updated system about OFW validation, to avoid this it is better to validate before proceeding to immigration, or else the immigration officer will request you to go back on validation and return to him after getting the confirmation form. Step:4 Proceed to the Bureau of Immigration Counters.

Options: You can refund your travel ticket tax at OFW refund center located inside near Departure gates waiting area; In case of OFW with OFW Card they can use it as substitute for OEC. 

Sunday, December 10, 2017

Is False Teeth Allowed for Flight Attendants?

Full Complement of Teeth is Good Oral Hygiene for Airline Crew Several airlines are reported to have precise guidelines for the physical appearance of their cabin crew, such as American Airlines which is said to advise that: "Visible hair in nostrils and on ears or underarms must be cut or otherwise removed”.

Good teeth and oral hygiene also make the list of requirements for American Airlines, which says: "Teeth should present a clean, natural appearance. Employees must have a full frontal complement of teeth. Dental retainers must be gum toned or clear. Braces should be clear or silver." Las Vegas-based Allegiant Air says : “Good oral hygiene should be practiced to ensure that the teeth present a clean, natural appearance. Breath sprays and mints are encouraged.”

Hawaiian Airlines is reported to advise that: “Hands and nails should be kept well groomed at all times, with nail length not exceeding an eighth of an inch beyond the finger tip," while United Airlines outlines that finger nails  “may be no longer than ½ inch measured from the fingertip and should be even in length and shape".

United Airlines also takes a strong stance on facial hair on men, saying “ trendy facial hair styles are not permitted (e.g., small patch of hair growing below lower lip)" for men and "mustaches may not extend more than ¼ inch below the sides of the mouth", while Jet Airways is said to require “a clear complexion (scars, pimples and blemishes not acceptable)".


Source: cosmopolitan.com Careers

Thursday, December 7, 2017

What is their Salary Rate?

There is No Salary For Underwear Models


You are paid by the gig or assignment, not a weekly salary like a 9-5 job would pay you. As a beginner, you likely are very eager just to land your first underwear modeling gig. You'd take any amount of pay, just to be able to tell girls at the bar that you are an underwear model. That is understandable for a beginner. However, you need to take care to discuss the contract for your first modeling gig. For how many months and years will the person hiring you be able to publish your photo? Remember, brands don't want to hire a guy who also models for their competitor. So, let's say you land a low-pay underwear modeling gig. Maybe you earn only $500. If you fail to set a maximum amount of time that someone can publish your photo, they use your photos forever.

A year or two later, let's say you learn more about the business and make great contacts in the industry and finally are in line for a high-paying gig with a brand that is ten times the size of the small company that hired you for your first gig - a year or two ago. But, the first company is still using your photo and as such, you will get declined for the high paying gig! So, don't be desperate and accept $25 per hour for photos that can be used forever. Consider the future ...and your future marketability.

Modeling Job = One-Time Assignment When professionals in modeling use the phrase "modeling job," they are not referring to a job someone would have as a formal employee. In this situation, the word "job" means the same as a freelance, one-time assignment. Yes, there may be situations where you return over and over again to do fit modeling - where they have you try on patterns that designers are working on - or to an online retailer who needs photos for a website each week, but it is highly unlikely you will receive a weekly paycheck like the worker at Walmart receives.

If you will not receive a regular paycheck, you need to be able to budget your money and ask for enough money to cover the many weeks that you will not receive income. Once again, beginner models who are only interested in impressing the girls at their favorite bar usually accept any low payment offered to them - instead of being smart and negotiating wisely. If you will not work for another three months, you need to negotiate enough money to cover that time. You can earn anywhere from $100 per hour or $1,500 per day for catalogs and for advertising agencies $250 per hour or $10,000 per day is average. Range Showing Model


Reference: UnderwearCareers.com

Sunday, December 3, 2017

15 Alarming Airline Secrets


A curious Reedit user asked airline professionals for behind-the-scenes details about flying we might not already know. The answers (from flight attendants, pilots, engineers and frequent fliers) revealed a series of secrets you're going to wish you never knew, either because they're so useful, or because they're so utterly revolting.

1. Those Masks Only Give You 15 Minutes of Air. "If the oxygen masks drop down, you only have about 15 minutes of oxygen from the point of pulling them down. However, that is more than enough time for the pilot to take us to a lower altitude where you can breathe normally." @jezalenko "Typically, as soon as the masks come down, the pilot descends to as low an altitude as possible and finds the nearest airport to land," says George Hobica. Generally speaking, getting to an altitude where you can breathe fairly normally takes between 10 and 20 minutes, depending on the plane's altitude when it depressurized.

2. You Shouldn't Even TOUCH Plane Water. "Do not EVER drink water on an aircraft that did not come from a bottle. Don't even TOUCH IT. The reason being the ports to purge lavatory sh_t and refill the aircraft with potable water are within feet from each other and sometimes serviced all at once by the same guy."While the exact water refill process probably varies by airline, the Wall Street Journal ran a test of tap water from 14 different flights in 2002 that found bacteria levels "tens, sometimes hundreds of times above U.S. government limits."

3. Flight Attendants Sometimes Withhold your Dinner, Hoping You'll Fall Asleep."On night flights, we sometimes hold off on meal service as long as we can so that you'll be asleep and we'll have less to do." Pilots Get Served Separate Meals in Case One Makes Them Sick."Two pilots are served different meals and cannot share, this is done in case of food poisoning." This is indeed a smart idea and might be true at some airlines, but it's not an industry rule. Says Captain Laura Russo, "meals between pilots are often identical, and there is no stipulation otherwise."

4. You're Breathing Engine Air. "The air you breathe on an airplane is actually compressed air taken from the engines. A large portion (25% to 50%) is blown in the flightdeck, the rest is for the passengers. The air leaves the airplane via a small hole in the back of the fuselage." Well technically, you're breathing air from the engine's compressors, not the engine's exhaust. Boeing's website explains that air from the engine's compressors helps to warm and pressurize air from outside the plane. This treated air is then circulated into the cabin for you to breathe.

5. Dim Lights are Meant to Prepare you for Evacuation, Not Sleep. "When a plane is landing at night, they dim the interior lights in case you need to evacuate upon landing, your eyes are already adjusted to the darkness so you'll be able to see better once outside the plane."

6. Those Blankets Have NOT been Washed. Also, there's a Solid Chance your Tray Table has Poo on it. "I worked for Southwest as a flight attendant. Those blankets and pillows? Yeah, those just get refolded and stuffed back in the bins between flights. Only fresh ones I ever saw were on an originating first flight in the morning in a provisioning city. Also, if you have ever spread your peanuts on your tray and eaten, or really just touched your tray at all, you have more than likely ingested baby poo. I saw more dirty diapers laid out on those trays than food. And those trays, yeah, never saw them cleaned or sanitized once.". This is partly true, says active flight attendant and HuffPost blogger Sara Keagle. Keagle told us that in her airline's coach class, freshly washed blankets are only supplied to the first flights of the day; after that they're just folded and re-used. She also says tray tables are cleaned only "about once a day, usually when the aircraft RONs (remains overnight)."

7. You Can Unlock a Lavatory from The Outside. "You are able to unlock airplane lavatories from the outside. There is usually a lock mechanism concealed behind the no smoking badge on the door. Just lift the flap up and slide the bolt to unlock." 

8. You Can be Upgraded to First Class After Takeoff. "Yes, we can upgrade you to business class or first class after the airplane's doors close. No, we don't do it very often, partly because on some airlines we have to file a report explaining why we did it, partly because there has to be a meal for you and partly because the forward cabins are often full. Who do we upgrade? Not the slob who's dressed in a dirty tank top. It helps if you're extremely nice, well dressed, pregnant, very tall, good looking, one of our friends or all of the above."

9. Pilots Fall Asleep While they're Flying. "Between 43 and 54 percent of pilots surveyed in the U.K., Norway, and Sweden admitted to having fallen asleep while flying a passenger plane." Seasoned flight attendant Tracy Christoph says that on longer flights, pilots are assigned to take rest periods while their co-pilot mans the controls. However, about half of pilots in this recent survey said they had indeed fallen asleep "involuntarily" during a flight.

10. The Captain is Allowed to Arrest you Mid-flight. The captain has almost limitless authority when the doors are closed. He is allowed to arrest people, write fines and even take the will of a dying passenger." . We spoke with several flight attendants, each of whom stated that while this isn't true, the captain has the ultimate authority on a plane, though he can't actually perform an arrest. Airline expert Chris Lopinto explains that in an emergency, the pilot may call authorities to meet the plane once it lands, and they'll arrest any unruly passengers who are on board. "The captain...can put you in restraints for the authorities to pick up on the ground if there is a problem, but the captain can't 'arrest' you in the legal sense of the word," he says.

11. There are Hold-on Handles in Case Flight Attendants get Shoved Off the Plane. "Next time you get on a plane, take note of the handles by the door, just inside the plane. What on earth are those for? Correct, they're grab handles, but why? Well, in a panicked emergency evacuation, when the flight attendants are manning the exit door, passengers, in their mad rush to get off, have a tendency to push them out of the way, sometimes all the way down the slide. The handles are there to make sure that the flight attendants stay on the plane if that's what they need to do." 

12. People Steal the Life Jackets. "People take those life jackets, located under or between your seat, as souvenirs. It's a vile and punishable offense, and while airlines do check each seat at the start of every day, a plane could make several trips in a day, during any one of which a passenger could steal a life vest. So, I learned, it's a good idea to check if the life jacket is indeed there." 

13. You Can Ask for The Whole Can of Coke. "If you've got a thirst that's going to take more than a few tablespoons of soda to quench, consider politely asking your flight attendant for the whole can. Most of the time, they're happy to oblige."

14. Your Flight Attendants Probably aren't Following Cell Phone Rules. "My sister is a flight attendant, she says after she tells everyone to turn off all electronics, she goes to the back and pulls our her phone and starts texting." - @dora_de_destroya 

15. The Cabin Crew Doesn't Get Paid Until You Take Off. "Our airline used to pay us when we showed up for duty at the airport. That was eons ago... Now we get paid only when the wheels leave the ground. We don't even get paid when we're taxiing! There can sometimes be hours of delay between the time we show up for work and when we're airborne. Different airlines have different policies, but it's a way for them to save money." -Anonymous flight attendant. Airlines may have differing policies on pay: some may pay once the cabin door is closed, and some may not pay until the plane has left the ground. Captain Laura Russo told us that at her airline, United, the crew is paid once the plane "departs the gate"- meaning that if takeoff is significantly delayed after the passengers board, flight attendants are paid for that time.

Source: huffingtonpost.com

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