The Bank of the Philippine Islands, or more popularly known as BPI, now utilizes social media to encourage web users to seek financial advice from bank experts. The giant financial institution in the country started penetrating Facebook, the most used social networking website in the world, to launch its newest application called the BPI Bankers Online App.
The BPI Online Bankers App on Facebook aims to provide financial advice and assistance to people connected to the Internet and to help them reach their goals faster. Some of the common financial issues that BPI bankers can accommodate through this app include making investments, Read the rest of this entry »
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Vacuum fryer was first developed in the U.S. as alternative technique of deep-fat frying to reduce the oil content of potato chips. According to the American Heart Association, the leading cause of cardiovascular disease was attributed to high fat diet, especially foods containing trans-fatty acids.
Because of this, the vacuum fryer was developed and used by the snack food industries to lower the fat contents in their snack foods and help reduce the risk of heart disease. Continue reading
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Making a decision based on gut feel alone is not only lazy but also likely to be a dud. However, recent books like the best seller “Blink” give the impression that you just have to rely on your instincts. For most business decisions, this approach will get you fired or drive your company into bankruptcy.
However, there are many times when you have to make a business decision quickly and when there is no more time to do a thorough study, you must be ready with an abridged but reliable process that you can depend on to come up with a sound decision. I have come up with a short list of steps to improve the chances of getting it right even if there is little time: Read the rest of this entry »
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Forecasting sales is vital to all business. Far from being just guesswork, it is a scientific technique that predicts future sales by analyzing past and current sales trends and the variables that affect it. However, since forecasts are often wrong, many people tend to downgrade its worth. This betrays a gross ignorance of the role of forecasting in guiding the business.
A sales forecast is important as it helps a business move forward. It does not only analyze your present business condition, but also allows you to make a comparison with a related business. If the industry is growing at 15% rate increase, it is wise or prudent to forecast your sales to be at par with the norms. In this case growing at 10 percent may be considered a failure. Read the rest of this entry »
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Overseas Filipino workers (OFW’s) may soon avail of a free livelihood training package from the Technology Resource Center (TRC) when they purchase livelihood tools at Duty Free stores.
In a memorandum of agreement (MOA) recently signed between the TRC and the Duty Free Philippines Corporation (DFPC), the two government corporations shall provide appropriate livelihood trainings for free to business-minded OFW’s who purchase livelihood tools at any Duty Free outlets. TRC Director General Dennis Cunanan said the program is an excellent opportunity for OFW’s to break into entrepreneurship taking note of the big extra value they get on top of the usual tax-exempt shopping privileges. Read the rest of this entry »
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