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Saturday, October 13, 2018

Three PH Laws That You Might Be Breaking

A law is defined as a system of rules that are created and enforced through social or government institutions to regulate behavior.  

As an ordinary citizen, we are fully aware of our obligation and duty to our society. There is no question that we have to pay our taxes and never do criminal offenses such as murder, theft, illegal drugs, etc. We are also fully aware that we need to follow traffic rules and regulations. However, there are some laws that may not have been fully disseminated or perhaps just taken for granted. 

Here are 3 Philippine laws that you might be unconsciously breaking: 

1. Presidential Decree No. 1563 Anti-mendicancy Law (1987) - Any person who abets mendicancy by giving alms directly to mendicants, exploited infants and minors on public roads, sidewalks, parks, and bridges shall be punished by a fine nor exceeding P20.00. 

Source: https://www.facebook.com/dswdfo3
According to former Secretary Judy Taguiwalo, “We encourage the public to continuously help us in our campaign to reach out to street kids and to safeguard children from all forms of abuse and violence. We need the participation of everyone, including private individuals and institutions. Let us work in solidarity with each other to build safer communities for children and other vulnerable and marginalized groups,” 

2. Republic Act No. 8491 - Flag and Heraldic Code of the Philippines(1997) - Any person or judicial entity which violates any of the provisions of this Act shall, upon conviction, be punished by a fine of not less than Five thousand pesos (5,000.00) not more than Twenty thousand pesos (P20,000.00), or by imprisonment for not more than one (1) year, or both such fine and imprisonment, at the discretion of the court


When the National Anthem is played at a public gathering, whether by a band or by singing or both, or reproduced by any means, the attending public shall sing the anthem. The singing must be done with fervor.

As a sign of respect, all persons shall stand at attention and face the Philippine flag, if there is one displayed, and if there is none, they shall face the band or the conductor. At the first note, all persons shall execute a salute by placing their right palms over their left chests. Those in military, scouting, citizen’s military training and security guard uniforms shall give the salute prescribed by their regulations. The salute shall be completed upon the last note of the anthem.

The anthem shall not be played and sung for mere recreation, amusement or entertainment purposes except on the following occasions:

a. International competitions where the Philippines is the host or has a representative;
b. Local competitions;
c. During “signing off” and “signing on” of radio broadcasting and television stations;
d.Before the initial and last screening of films or before the opening of theater performances; 
e. Other occasions as may be allowed by the Institute.

Read related story last November 19, 2017 about Man arrested for not standing during the national anthem in a movie theater


3. Republic Act 10909 - No Shortchanging Act of 2016 - An act prohibiting business establishments from giving insufficient or no change to consumers and providing penalties therefore. This means that sellers can now be sued for not giving due change or "candies."





Any violation of this Act shall be fined Php 500 or 3% of gross sales for the first offense, P5,000 or 5% of gross sales for the second offense, and P15,000 or 7% or gross sales and a three-month suspension of operations. The fourth offense will result in a fine of P25,000 and total closure of the establishment.


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Disclaimer: This is not written by a legal expert and may be subject to a different interpretation. This article is written to provide information and reminder to all readers. For any legal problem or concern, consult your lawyer. 

Tuesday, September 18, 2018

Top 3 Online Resources for Financial Education

According to a Standard & Poor’s (S&P) Ratings Services, only 25% of Filipino adults are financially literate. This is actually considered very low and alarming. The good news is there are a lot of efforts in the country to promote financial literacy and thus, we no longer have any excuse not to improve our skills in personal finance and financial management. 


Aside from seminars, books and workshops, online resources have been launched and made available especially for Filipinos. Here are the top online resources to start-off your financial education. 
1. Brighter Life Institute - Open for enrollment since 2014, the award-winning Brighter Life Institute or BLI is an organized learning program inspired by MOOCs (massive online open courses). For this year, BLI rolls out the Moving Up module – a set of lessons which aim to teach families basic financial planning practices and the value of honest conversations about money, even to one’s children.
The Moving Up module takes its cue from Sun Life’s ‘Money For Life’ philosophy, which shows a holistic journey through four different life stages. With lessons spanning from creating a household budget to preparing for future milestones such as a college education, BLI’s latest offering can now be accessed via http://brighterlife.com.ph/bli-moving-up/.
2. My Future Fund Calculator - For a glimpse of how an insurance-with-savings product can help in reaching one’s dreams on time, the My Future Fund Calculator is available via bit.ly/myfuturecalculator. Just set a target date, choose a My Future Fund nearest the target date, and pair it with a suitable Sun Life variable life insurance product.
My Future Fund is perfect for families who are preparing for a specific purpose, like a college education or owning their own home.
What’s more, users of the My Future Calculator can get a chance to win P25,000 cash when they share it on Facebook and subscribe to Brighter Life Institute through the Plan 4 Your Fam, Win a Future Fund promo. Full mechanics here.
3. Websites or Blogs
Now on its fourth year, #SINAG invites Filipino bloggers and online journalists to be part of Sun Life’s financial literacy advocacy by sharing and posting about their insights and experiences on money management.
From securing their future to learning about financial instruments, #SINAG is a valuable compilation of life stories and advice from writers who also believe in the benefit of being financially prepared.
Interested writers can send a link of their entry to editor@brighterlife.com.ph. Full contest mechanics can be found here
Now, we can say goodbye to financial illiteracy and start having a #BrighterLife.

For updates on Brighter Life Institute, My Future Fund Calculator, and #SINAG, follow us on social media via @sunlifeph.