Wednesday, April 17, 2019

Presidents Tort

 "Economic Sabotage is the practice of undermining the economy of a nation. It is a tactic used to pressure governments. The power of the markets is such, that it may be wielded as a weapon to damage the stability a countries economy, raising food/fuel prices, interest rates on international debts and other factors important to an economy. Economic Sabotage can be used against a foreign government to undermine their standing, or by the ruling class to undermine left-wing governments."

NOW I KNOW!

TACTIC used by big business to undermine economy!!

Tuesday, February 19, 2019

Orange is the new green: How an orange peel dumpsite becomes a natural fertilizer to grow forest!

https://www.ecowatch.com/food-waste-natural-fertilizer-2479611348.html.

This is an astounding piece of land re-use and re-development! Its the basics of organic recycling!!

Saturday, February 9, 2019

Pinoy expressions

13 Pinoy Expressions With Crazy Origins You Would Never Have Guessed

We’ve heard them uttered by our old folks when they chatted with friends and swapped chismis.

These are the expressions and lines that they laced their conversations with–familiar to the ears, but alien to some of us in meanings.

1. “Tapos na ang boksing!”

Meaning: It is finished. It is doomed and it’s done.

Origin: During the Japanese Occupation, “tapos na ang boksing” was a favorite expression of teenagers. Boxing was a sport promoted and encouraged by Americans in the 1920s. So, for pro-Japanese elements, the expression meant that America was finished and that MacArthur would never return to the Philippines. But for those who continued to believe in America’s promise, they used the phrase to denote that Japan would ultimately fall.

2. “Mabilis pa sa alas kwatro.”

Meaning: To leave in a mad rush.

Origin: In Lawton, at the foot of the Quezon Bridge, once stood the imposing Insular Ice Plant with its 10-floor chimney. It was equipped with a loud siren that was sounded off three times in a day to indicate the start of work at 7 a.m, lunch break at 12 noon, and dismissal of workers at 4 p.m.

At the last siren signal, Insular workers would prepare for home by heading towards the exit gates, where they fell in line to log out. There was so much anticipation for the dismissal time that workers dashed out in a rush to be at the head of the line first—faster than the 4 pm. siren.

3. “Agua de Pataranta.”

Meaning: Euphemism for hard liquor.

Origin: Medicinal waters sold by boticas and pharmacists in the ‘20’s and ‘30’s still carried Spanish brand names. For example, Botica Boie listed in its stock water-based remedies like Agua Fenicada (phenol water) Agua de Botot ( a mouth rinse), Agua Boricada (boric acid solution for the eyes) and Agua de CarabaƱa (mineral water).

A drinking man’s bottle was disguised as medicine too—Agua de Pataranta—liquor strong enough to addle his brains and put him in a confused stupor—or “taranta.”

4. “Noong bata pa si Sabel.”

Meaning: A descriptor for something that has been in existence or in practice a long time ago.

Origin: This expression pays tribute to Queen Isabella II of Spain, who reigned from 1843 to 1868. “Noong bata pa si Sabel” literally means “when Isabel was but a child,” hence when the world was younger.

Queen Isabel’s term was rocked with internal palace intrigues, influence-peddling, and conspiracies, which ended with her exile and abdication. Queen Isabel’s profile appeared in local 1860’s coins; her bronze statue stands on  Liwasang Bonifacio.

Interestingly, the late National Artist, Alejandro Roces contends that Isabel’s enemies referred to her as “la perra” (the bitch), hence the coins that carried her profile became known as “perra” or “pera,” a term used today for all forms of money.

5. “Hanggang Pier.”

Meaning: To be left behind with an unkept promise.

Origin: The assignment of American military servicemen in Clark, Subic and Sangley Point beginning in the 1900s spawned the beginnings of our entertainment industry that included food, drinks, dancing and later, of course—damsels!

Thru the ’30’s-’60’s,  relationships were formed by Americans on furlough with local girls—many from the bars and dancing halls.  Some affairs were for real, but still, hundreds of others ended at the departure area—hanggang pier.

Thus, the expression has come to mean that a person would not keep his promise, or that a Pinay had been left behind by a Kano, often with a Fil-Am baby souvenir—at the pier.

6. “Natutulog sa pansitan.”

Meaning: Failure to grab an opportunity because of laziness.

Origin: Pansit-pansitan (Shiny bush, Peperomia pellucida Linn) is a very common herb that grows quickly in cool, damp places—carpeting nooks and yards with their soft, fleshy leaves.

Workers on the field often took a respite from their job and the harsh sun by napping on a patch of pansit-pansitan—hence, “natutulog sa pansitan.” Of course, it may have happened that a few took their naps longer, and this sleeping on the job can result in unfinished work—and lost opportunities.

7. “Nineteen kopong-kopong.”

Meaning: Refers to a time so long ago, that nobody remembers anymore.

Origin: By the 1950s, the decade of the 1900s was considered a long time ago. When people wanted to refer to an event in the forgotten past, they reckoned that it happened sometime in the 1900s, hence “nineteen kopong-kopong.”

“Kopong” is an Indonesian word that was also used in the Philippines, meaning “no content, empty”—thus, zilch or zero, as in 19 zero-zero!

8. “Lutong Makaw.”

Meaning: A decision that has been rigged; a pre-arranged victory or success.

Origin: In the peacetime ’30’s, “makaw” (derived from Macau island, off the coast of Hong Kong), was an unofficial generic term used by Manilans for a Chinese immigrant, especially, cooks. Their culinary creations were called “lutong makaw”—cooked in Macau fashion.

Macau Chinese were known for their practice of pre-arranging their ingredients well in advance, even before a dish was ordered. A trademark dish was “pansit makaw,” always a bestseller along with pancit canton—which assured lasting  ‘lutong makaw’ success every time it is served.

Another possible explanation could be traced back to Macau’s long gaming history that dates back for more than three centuries, earning the title “Monte Carlo of the Orient.” 

In 1930, “Hou Heng Company” won the monopoly concession for operating casino games. Game-fixing was one of the hazards of the industry, including “cooking” (i.e. tampering) the outcome of the game even before it is played—hence “lutong-makaw.”

 9. “Walastik!”

Meaning: An effusive expression of praise when one notices something new and improved.

Origin: This very popular expression from the 1960s comes from the phrase “walang katigil-tigil” (unstoppable). This was contracted to “walastig,” and finally morphed to “Walastik!”

Thus, if somebody is seen wearing a new pair of shoes or pants, he will be greeted with “Walastik! Ang gara ng bihis natin…”—a compliment of his unstoppable improvement of style. “Walastik” was often paired  with another expression, “Walandyo!” (“Walang Joe!”).

10. “Pupulutin sa kangkungan.”

Meaning: Summary execution of a person who has committed an offense or crime without the benefit of a trial. Slang: to ‘salvage.’

Origin: A way of disposing of the bodies of people killed by summary execution is to hide it under a dense growth of kangkong (swamp cabbage). The semi-aquatic plant grows in profusion on swampy fields and on bodies of water like the Pasig River, where such victims’ cadavers are regularly fished out. Philippine media has popularized this expression in their reportage of “salvaging” cases.

11. “Naghalo ang balat sa tinalupan.”

Meaning: A free-for-all, a melee.

Origin: The literal translation—to mix up the peelings and the parings with whatever has been peeled or pared– does not make any sense to a Filipino who was brought up not to mix anything—even in the handling and preparation of fruits—or else, trouble will follow.

Experience has taught him to always separate the skin from the fruit; for example, the thin skin of a siniguelas has to be meticulously peeled from the fruit if given to a child, as the skin can give indigestion if eaten. Pineapples have to be peeled a certain way, with all the “eyes” on the skin removed, which cause itchy throats. Even pomelos can taste too tarty if the sponge-like rind remains with the pulp.

So, it is wise advice never to mix the “balat sa tinalupan.”

12. “Kalapating mababa ang lipad.”

Meaning: A prostitute.

Origin: This popular euphemism for a “prostitute” has its beginnings in the backroom alley of Tondo, where existed a red-light district called “Palomar”— Spanish for a dovecot or a pigeon shed—existed with “palomas” proffering various leisure services.

During the American period, these women from Palomar would expand their trade to Sampaloc, along Gardenia St. (now Licerio Geronimo St.), where they were derisively labeled as low-flying, low-class birds—palomas de bajo vuelo.

13. “Matandang hukluban.”

Meaning: A pejorative term for an old woman.

Origin: In Philippine mythology, Hukluban is a deity associated with death; her name is derived from the old Tagalog word “huklob” meaning enchantment.

She was a shape-shifter, had the power to kill and heal, and was an attendant to the god of death, Sitan. She was depicted as an ugly, ancient, wrinkled crone. Thus, to be called a “matandang hukluban” means more than just old—you are an ill-mannered, scheming hag with evil intentions.

BONUS Trivia: Character Words.
In the ’50’s and ’60’s, Pinoys used characters drawn from movies and the showbiz world as euphemistic terms to describe and define people. It is a practice that continues to this day.

Bogart or Bogat, a man or a dude, (after actor Humphrey Bogart, considered as the quintessential man’s man). Example: “Hey, Bogart! Kumusta na?”

Jack Palance, a person who over-acts, (after the kind of acting that actor Jack Palance is known for). Example: “Di bagay yung artista sa role nya, juma- Jack Palance!”

Julie Andrews, a demure woman, (as projected by the image of Julie Andrews in her films, “Sound of Music” and “Mary Poppins”). Example: “Hindi pupunta sa jam session si Clara…palibhasa, Julie Andrews!”

Dracula, an antagonist (e.g. a parent, a person of authority), after the horror madness of the 1950’s. Example: “Don’t tell you Dad about our party, Dracula ‘yun!”

Menggay, ugly, (after ’50’s comedienne Menggay). Example: “Nagkita kami ng dati kong classmate sa reunion..Menggay na sya!”

Credits to Alex R. Castro filipiknow.net

Thursday, November 1, 2018

Traits for success

Two entrepreneurs

1. Tomita ramen founder - not wanting to compromise on his broth. Attention to detail is impeccable!

2. Nick broteli- coach of andre agassi. Tough love.

Wednesday, October 24, 2018

Monday, October 8, 2018

Maintnq

Maintenance cost is something that eats up budget of any enterprise.

1. Owning a car could run into thousands of dollars in maintenance.

2. Owning a house with amenities 

3. Owning gadgets like computers etc

4. Furnitures, kitchen tools

5. Hobbies ie golf guitars

The more one has, the more one has to maintain!


Tuesday, September 4, 2018

2018 Supplemental Retirement Scheme

In Singapore, we cannot afford to ignore setting aside time for retirement planning, especially with the high cost of living and busy lives we lead. Solely relying on the national CPF LIFE scheme to provide us an income during our retirement may not be prudent, or even sufficient, for every person in Singapore.
This is why many Singaporeans continue to save up and invest for their retirement despite having CPF LIFE. The idea is to supplement the basic income that we will receive from CPF LIFE so that we can continue to enjoy a high-quality lifestyle during our golden years.
The Supplementary Retirement Scheme, also known as the SRS, is part of the government’s multi-pronged strategy to address the retirement needs of Singaporeans. While CPF contributions are compulsory, contributions to our SRS accounts are voluntary.
Contributions to the SRS account can be used for investing. They can subsequently be withdrawn to provide an additional source of income once members reach our statutory retirement age of 62.

How Does An SRS Account Work?

Unlike funds in our CPF accounts, that generate risk-free interest of between 2.5% to 5%, contributions made to your SRS account only generate a nominal interest of 0.05% per annum. This is similar to the base interest rates on most bank savings accounts in Singapore.
However, the major advantage SRS offers lies in its tax benefits. Voluntary contributions made to your SRS account are eligible for a dollar-for-dollar tax relief. The annual SRS contribution cap is currently set at $15,300 for Singapore citizens and permanent residents, and $35,700 for foreigners.
Before you consider whether or not an SRS account is suitable for you, here are four important things that you should first determine.

#1 How Much Tax Savings Will I Be Enjoying?

The main reason for opening an SRS account is to enjoy tax savings while saving for retirement. This means you should determine how much income tax you are actually paying each year, before you can calculate how much tax savings you can enjoy should you start contributing to your SRS account.
Here’s a rough estimate on the income tax you can expect to pay based on your annual income, before and after your SRS contribution.

Annual Income ($)Typical Income Tax ($)Income Tax After $15,300 Contribution To SRS ($)Amount Saved ($)
20,000000
40,00055094456
60,0001,9508791,071
80,0003,3502,2791,071
100,0005,6503,8911,759
200,00021,15018,3962,754

From the table above, it’s clear that people with a higher taxable income have greater incentive to contribute to their SRS account, as they would be able to reduce their income tax by a larger amount.
For example, an individual whose annual income is $200,000 can save up to $2,754 in taxes based on a $15,300 contribution to his/her SRS account. In contrast, an individual whose annual income is $40,000 only saves $456 based on the contribution. This is because Singapore adopts a progressive income tax system, where those with higher income are taxed at a higher rate. Hence, reducing their assessable income translates into greater savings.
For our calculation, we have assumed individuals do not receive any tax relief or personal income tax rebate. For a more precise calculation of how any SRS contribution could reduce your income tax for YA 2017, we encourage you to do a calculation for yourself
You can find out the tax rate and also download a tax excel calculator from the IRAS website.

#2 How You Intend To Invest Your SRS Contribution

As mentioned above, unused contributions in your SRS account will only earn an interest of 0.05% per annum. This means that you should aim to invest your SRS contributions if you want to earn a better return. Otherwise, your savings will be eroded by inflation.
You are able to invest in a wide range of financial instruments depending on your personal preference. These include stocks, bonds, fixed deposits, unit trusts and annuity plans. You can check out the UOB-SRS account webpage to find out the full range of eligible investment products that you use your SRS funds for.
By investing your SRS funds, you will not only enjoy immediate tax savings, but also give yourself the chance to earn a higher return over time.
As with all investments, there is always the possibility losses could be sustained. Hence, it’s important to determine the type of investments you are comfortable making before you start investing with your SRS funds.

#3 Gains On Your Investments Are Tax-Free. However, 50% Of Your Future Withdrawal During Retirement Will Be Taxed

Any gains you make on your SRS investments make will automatically go into your SRS account. These gains are exempted from any income tax until you decide to withdraw the money.
When you reach the statutory retirement age (currently 62), you will enjoy a 50% tax concession for any amount withdrawn from your SRS account.
For example, if an SRS member withdraws $40,000 per annum, only $20,000 (50% of $40,000) will considered as taxable income. If an individual has no other source of taxable income at that age, then he will not have to pay any income tax, since his first $20,000 is tax-free.
SRS members have a ten-year period to make withdrawals from their SRS account. Any amount remaining in the SRS account after 10 years will be automatically considered as a lump sum withdrawal, with 50% of the amount subject to income tax.
Here’s a table below to illustrate how you can optimise withdrawals to minimise any tax payable, if any at all.
Scenario A: Amount in SRS Account at age 62: $400,000
YearAmount WithdrawnTaxable IncomeIncome Tax
1$40,000$20,000$0
2$40,000$20,000$0
3$40,000$20,000$0
4$40,000$20,000$0
5$40,000$20,000$0
6$40,000$20,000$0
7$40,000$20,000$0
8$40,000$20,000$0
9$40,000$20,000$0
10$40,000$20,000$0
Total$400,000$200,000$0

Scenario B: Amount in SRS Account at age 62: $400,000
YearAmount WithdrawnTaxable IncomeIncome Tax
1$80,000$40,000$550
2$0$0$0
3$80,000$40,000$550
4$0$0$0
5$80,000$40,000$550
6$0$0$0
7$80,000$40,000$550
8$0$0$0
9$80,000$40,000$550
10$0$0$0
Total$400,000$200,000$2,750

Comparing Scenario A & B
Scenario AScenario B
Total Amount Withdraw$400,000$400,000
Total Taxable Income$200,000$200,000
Actual Income Tax$0$2,750

Even though both scenarios had a total of $400,000 withdrawn from the SRS account over a ten-year period, Scenario A allows SRS member to avoid paying any income tax. This is why you should also plan your withdrawals carefully.

#4 Penalty For Early Withdrawal

The biggest caveat against the SRS account is that withdrawals made before the statutory retirement age will be subjected to a 5% penalty. In addition, 100% of the amount withdrawn will be taxable.
For example, if you withdraw $10,000 from your SRS account before the age of 62, you will incur a penalty of $500 (5%). The full amount of $10,000 will also be added to your taxable income for the year.
In our opinion, you should only contribute funds to your SRS account if you are fairly confident that you wouldn’t need the money in the future. Otherwise, the 5% penalty on early withdrawal may cancel out any tax savings you enjoyed in the first place.
However, if withdrawal is made under exceptional circumstances such as death, medical grounds, bankruptcy or by a foreigner who has maintained his SRS account for at least 10 years from the date of his first contribution, then the 5% penalty for early withdrawal will not apply.

Our Analysis: SRS Is A Useful Way To Grow Your Retirement Funds And Save Money On Tax For Higher Income Earners

By now, the value proposition for the SRS should be fairly clear. If you are a mid to high-income earner, with a taxable income of $60,000 or more, you can consider contributing to your SRS account, and to save some money on your tax.
For example, an individual with a taxable income of $60,000 will save about $1,070 in his income tax when he contributes $15,300. This savings is immediate.
In the unlikely scenario that that he/she needs to withdraw the money in the future (e.g. unemployment), his 5% penalty of $765 would still be lower than the tax savings in the first place. While this is not an ideal scenario, it also illustrates how the SRS can be an effective tax savings mechanism for mid to high-income earners.
If you have not started an SRS account but are interested to know how much it could potentially save you in tax for YA 2017, you can check out the UOB-SRS Account which provides a simple SRS tax calculator. For customers who do not have a SRS account yet, they can visit any UOB Group Branch to open a UOB SRS Account. For existing UOB-SRS customers, they can login to UOB Personal Internet Banking to top up/make contribution or even invest.
Just remember, if you wish to enjoy any tax savings for 2017, you will need to contribute your SRS contribution by 31 December 2017.