Did you know 1: With malls sprouting all over the place, the industry vacancy rate this year is predicted to go up to 15 percent. As a result, rentals have remained stable, although competition among lessees/franchisees have increased.
Right now, for every P50 in sales grossed by a franchisee in Metro Manila, P15 goes to the franchisor and the mall developer.
Did you know 2: Since it looks like executive vice-president and chief actuary Henry Herrera will step up next month as the next president and chief executive officer of SunLife Financials (Phils)., expect the company to give more preference to graduates of the University of the Philippines.
As it is, Herrera’s staff is predominantly from UP-Diliman and, like Herrera, graduated with honors.
Did you know 3: The Philippine Retailers Association headed by Manuel Siggaoat has put up a training arm that will export trained workers, initially to the Middle East.
To be started in March, accepted applicants will be trained for free and will be given two-year working contracts by a Kuwait-based department store chain that specializes in clothes and toys for children until the age of 14. Oh yes, this chain of stores is also looking for staff who will man a day-care center, while the mommies shop until they drop.
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It’s still not clear who will head Fresh N Famous Foods Corp., the company spun off from Jollibee Foods, which holds three fast food brands—Chowking, Greenwich and Delifrance.
Maybe, just maybe, the top post will be held on a concurrent basis by Jollibee president and chief executive officer Tony Tan Catktiong.
Chowking, the most profitable of the three, is headed by Rufino de la Rosa, who was Jollibee’s chief financial officer when the company went public. Greenwich is currently handled by former Procter & Gamble marketing hotshot and consultant for overseas expansion, Erwin Eliechicon.
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Very quietly, the Social Security System (SSS) headed by Corazon de la Paz has increased at the start of the year the monthly contributions of employers, self-employed workers, and voluntary members such as overseas Filipino workers (some of whom prefer to be called global Filipino workers of GFW).
Depending on how much they earn, this means OFWs will be contributing anywhere from P520 to P1,500 a month (up from the range of P470 to P1,410 in 2006) while professionals and self-employed SSS members will now contribute between P104 and P1,560.
The contribution of employees remains unchanged while their employers will now contribute P10 more for the lowest salary credit of P1,000 to an additional P170 for the highest salary range of P15,000 and above.
http://www.businessmirror.com.ph/0119&202007/companies05.html
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