Posts

14 Call Center Interview Questions & Answers

Image
The call center industry is one of the fastest growing in the country these days. As recently as ten years ago, there were only a few call center agents and the word call center was hardly ever used in the country. Today, almost every family has at least one member working in the call center industry. The reason for this boom is partly economics. In the Philippines, low paying jobs are very notorious and while call centers set up shop here because of the low labor costs, Filipinos decide to work for the call center industry because it pays higher than average wages. Consider this: if you are an average worker with an entry level position, you probably are getting paid seven to ten thousand a month; meanwhile, an average employee in the call center industry with an entry level position will get around fifteen thousand pesos a month, plus free dental and health benefits (HMO). Call centers also will pay your SSS (Social Security), PAGIBIG (home building fund), and PhilHealth (health ins...
148 comments
READ MORE

More Distractions

Image
Well, once again we have been outsmarted. Just a few days ago, people were angry about the lack of flood control and finding out about the 20% tax their savings. Now their attention is on a boxing match between the PNP Chief and who else but Sebastian Duterte. The media, being used by the government to broadcast this spectacle is no ally to the masses. I have said it before and I'll say it again. The elites are laughing behind our backs. Is it a coincidence that the SC decision on Sara's impeachment came out two days before the "Boxing for Charity" event? You decide. If you ever wondered how so few people at the top is able to control the billions of people in this planet, well this is how. Official poster of Torre Vs. Baste charity boxing match Bread and Circus. A strategy used since Roman times. In the end, the house always wins.
Post a Comment
READ MORE

We Got Played... Again!

Image
Today, I found out that the rumors that the supreme court will be declaring the impeachment case against the VP as unconstitutional were true. When they arrested the former president several months ago, I watched an interview of Sara visiting her father in the Hague. My initial thought was that it was definitely not a daughter whose father was wrongly imprisoned. I even thought to myself what if she sold her father to BBM or the globalists controlling him so she could get out of the impeachment case? During the elections, several people voted for senators based solely on whether they thought that they were going to convict or acquit Sara. It was crazy because how do you even hold a senator accountable for their promises once they are in power? People keep on getting manipulated and the elites are laughing behind the scenes. Imagine all the people they were able to trick with their drama. These people are laughing their asses off while the masses are fighting one another. The elites hav...
Post a Comment
READ MORE

Why the CMEPA Law Isn’t Going to Cause a Bank Run

Image
People are upset to find out that there is a 20% tax on the interest they earn from their savings accounts but they do not get upset when the central bank lowers interest rates which devalues the currency. If you have savings accounts in digital banks or banks that do not have the same license but the same business model, you may have noticed a significant drop in the interest that you have been earning since 2024. This is because the central bank dropped interest rates for the first time since 2020 last year. A few days ago, I watched a video by a Filipino lawyer talking about a possible bank run because of the CMEPA law.  It's absurd that people (and a lawyer at that!) would even entertain such an idea because as mentioned before, interest rates have been trending down since last year.  In fact, money in banks has been going up. If a certain time deposit account is earning 5% per annum TAX-FREE, the depositor now has to pay 20% on their earnings. This sounds like a lot but i...
Post a Comment
READ MORE

We've Paid This Tax for 28 Years — So Why Are People Mad Only Now?

Image
After 28 years of paying 20% tax on interest earned from savings accounts, people are finally angry about it. Today, I was amused when I saw several posts explaining the Capital Markets Efficiency Promotion Law and the people in the comments section were having none of it. They were still very angry at this law as if all of a sudden they have come online and realized how unfair taxes are in general. I have gone through an awakening myself during Covid so I know how that feels like. Savers get taxed heavily both directly and indirectly. Aside from the 20% tax on interest earned from savings accounts, savers get battered heavily by inflation, which is an invisible tax. This is why Robert Kiyosaki says in his books that savers are losers. Over the years, people have come to accept inflation as a natural phenomenon like the rain. Perhaps now people will start being indignant about inflation. Perhaps this is the beginning of something glorious.
Post a Comment
READ MORE

Savings, Taxes, and Truth: A Wake-Up Call for Digital-First Filipinos

Image
Today, I found out that a lot of people are unaware that the interest they earn from their savings account is taxed at 20 percent. The internet is abuzz with disgruntled Filipinos talking about the Capital Markets Efficiency Promotion Act (CMEPA). Unfortunately, this has been fueled by the media itself framing this new law as a new tax that savers will have to pay. While this law affects everyone that has been enjoying a lower tax rate (such as long term time deposit accounts) it is not true that there will be an increase in the tax rate on interest earned from regular savings accounts. Some people even think that their savings will be reduced by 20 percent! It's so sad because a lot of people are inclined to believe misinformation simply because of their politics.  This is what we have become. The good news is there is now more awareness about the unfairness of savers getting taxed heavily.  Perhaps banks that do not display a breakdown of the interest earned and tax withheld...
1 comment
READ MORE

Choosing Hard Mode in the Game of Life

Image
If you were born here, you chose the hard mode. They say that people who chose young countries to be born in tend to be young souls as well. This choice gives them a greater chance at learning more in their lifetimes. In this Reddit post, this person is complaining about how life is so much better abroad than here. He only realizes that the grass is greener on the other side when he goes on a vacation in Taiwan. Personally, I think that I was able to shift to a better timeline when I made certain drastic life decisions. It was scary as hell but sometimes taking the road less traveled pays dividends. A friend told me that he doesn't feel enthusiastic about life on this planet as other people do. Personally, I think everyone is pretending.  Life on this planet is tough and I also feel like going back to the stars most of the time. But we asked to be here exactly to experience all the hardships that we are experiencing. And I don't think we would have asked to be here if we did no...
Post a Comment
READ MORE

A Glimpse of the Past as well as the Future through Numismatics

Image
After studying Philippine coins during US occupation, I realized that beginning in the year 1913 up to our independence, the economy may have been in deflation. I mean it makes sense since in the US, the great depression took place during the 1930s.  My fascination with US-era coins began when I visited my hometown for a vacation. During that time, I decided to repatriate my coin collection, thinking that it was full of silver coins. I started my coin collection when I was a child. Most are gifts from a family friend who used to be a seafarer and from my dad who accumulated them during his trips overseas.  When I inventoried the collection however, I only found three coins that had silver content in them. The rest were already nickel and copper coins. Still more valuable than our coins today that are made of steel but nowhere near valuable if it were silver. I decided to study and do more research on US-era coins. The US-era coins can be divided into three parts: 1903 to 1906,...
2 comments
READ MORE

Should We be Scared of Monkeypox?

Image
When you read an entire article from the mainstream media, you will actually find nuggets of truth instead of when you just read the caption, the title or the first paragraph. Yes, when they think nobody is looking, the authorities do tell the truth. For the past few days, it sounded like monkeypox was starting to spread all over the country. In this article, DOH spokesperson Albert Domingo explains that there has been no surge in cases and in fact April saw more cases than the month of May. He also clarified that all of the 911 cases were of the mild variant of mpox called Clade II and that the more transmissible Clade 1b has not yet been detected in the Philippines. It is important to note that not all 911 cases are active up to this day. In fact, DOH Secretary stated, "Ang mpox ay self-resolving disease. Virus siya at kusang gumagaling sa loob ng 2 to 3 weeks..." Here is another interesting bit of information straight from the horse's mouth. Domingo said in September 2...
Post a Comment
READ MORE