You plan to move to the Philippines? Wollen Sie auf den Philippinen leben?

There are REALLY TONS of websites telling us how, why, maybe why not and when you'll be able to move to the Philippines. I only love to tell and explain some things "between the lines". Enjoy reading, be informed, have fun and be entertained too!

Ja, es gibt tonnenweise Webseiten, die Ihnen sagen wie, warum, vielleicht warum nicht und wann Sie am besten auf die Philippinen auswandern könnten. Ich möchte Ihnen in Zukunft "zwischen den Zeilen" einige zusätzlichen Dinge berichten und erzählen. Viel Spass beim Lesen und Gute Unterhaltung!


Visitors of germanexpatinthephilippines/Besucher dieser Webseite.Ich liebe meine Flaggensammlung!

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Monday, November 21, 2022

The rise & fall of work from home & online classes

Published November 21, 2022, 4:46 AM

Show up to work or stay home? Full in class session or distance online class? These twin dilemmas are rekindled just as soon as the COVID 19 global pandemic is tail-ending or now reportedly a treatable disease not to be dreaded.

First off, when he acquired Twitter recently, Elon Musk laid off half of its workforce and ordered the other half to show up in office, reversing the company’s existing work-from-anywhere policy with some exceptions. For employees who                 prefer work from home (WFH), it was a jarring unwelcome news, proffering albeit anecdotally that they are more productive away from the office.

Characteristically ordering a “take it or leave it” brashness, Musk is bent on managing Twitter the way he does with his other companies. By example, he spends more than 40 hours per week in the office and wants employees to do the same, at least a minimum of 40 hours in the office and more hours at home at their discretion. The more senior one is in the organization hierarchy, the more visible he should be in   office. He proved the effectiveness of his style by maintaining the profitability of SpaceX and Tesla while other companies are losing. 

With advanced technology and the generational proclivities of employees preponderantly from generations XYZ, such a dictate is hostile and clashes against their personal and cultural idiosyncrasies that might affect their productivity and performance. In various studies, these employees multi-task, have limited attention span, are optimistic, independent, demanding and jealous of their own unique identities. They are digital natives of the Internet world.

Many US executives agree with Musk seeing more negatives than positives about WFH. WFH does not enhance and foster corporate sustainability. Being together and seeing each other in the office create immense energy and synergy. More significantly, WFH stifles innovation and idea generation. It also weakens   building healthy work culture because of “disconnectedness” in a world of interconnectedness. One should not “confuse digital connections with real relationships” because a real conversation with someone one cares about is irreplaceable. Being together in the workplace enables innovativeness of employees to achieve corporate profitability.

University of Texas professor of psychology and marketing Art Markman explains that observing work by others can lead to a phenomenon called “goal contagion.” By observing other people’s actions, one can adopt and align with the same goal reinforcing the achievement of a common purpose in the workplace. Other benefits of working in the office are facilitating and building institutional knowledge, strengthening a sense of shared mission and vision and belongingness in which working away would not foster.

This apparent clash of generational and cultural differences between corporate leadership and management and their employees is a highly critical and strategic issue that requires fundamental reimagining and innovative solutions. One-size-fits all strategy would not work because of differences of business models and people’s cultural norms. Thus, a hybrid strategy, where some days work are on WFH and on other days at the office may be the key to a win-win solution of the dilemma. 

For schools, full face-in or distance classes uncannily face the same dilemma as in WFH. The Commission on Higher Education (CHED) has issued a memorandum (CMO 16) for the conduct of face-to-face or hybrid sessions in the degree programs offered by higher education institutions (HEI) in the coming second semester of school year 2022-23. This follows the similar directive of the Department of Education for full classroom sessions in the primary and secondary classes that began this month.

As a long-time professor in graduate schools, I have since been an active participant in the learning process, both in-face and online. The traditional modality of in-face session is by far the most fascinating and engaging mentally, emotionally, and physically. I see my students in flesh and blood directly engaging them to discover, to invent and to grow. In online, there is a whale of a difference I see only tiny images of faces on the screen, sometimes off camera because of weak Internet connection.  What I achieve in physical interaction from in-face classes is less or artificial in an online.

Like corporations, it is also a serious dilemma for schools to require enormous strategic adjustments in capacity and capability building, changed mindsets and mindfulness to become effective for the benefit of the generational teachers and learners. It cannot be one-size fit-all strategy if one were to soundly resolve the generational divide between teachers and learners.

The sound and dynamic solution is not found between two mutually exclusive options. It is found in the identification of learning goals achieved through an evaluation of a range of complementary options that make for a win-win classroom engagement. Thus, a hybrid modality where some sessions are face-to-face and some sessions are online using synchronous and asynchronous modalities is the middle ground to address different and unique characteristics of the multi-generational learners.

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Dr. Cesar A Mansibang is a professional business practitioner and professor in the graduate schools of business of some universities.

BSP to hike policy rates again in Dec.

by Lee C. Chipongian

BSP to hike policy rates again in Dec.

By Lee C. Chipongian

The Bangko Sentral ng Pilipinas (BSP) is expected to go for another policy rate hike of 50 basis points (bps) on Dec. 15, lifting the overnight borrowing rate to 5.50 percent. 

BSP Governor Felipe M. Medalla said they will keep a tightening mode and maintain a decent interest rate differential between the BSP and US Federal Reserve funds rate to stabilize exchange rate pressures.

The BSP chief, however, has not yet signalled by how much the Monetary Board will increase the policy rates next month, but the possibility of again matching the US Fed action is high.

BSP Governor Felipe M. Medalla

Medalla is also ruling out a pause in the immediate future. “The forex (foreign exchange) market is expected to remain very sensitive to the interest rate differential. A 50 (bps) by the US Fed in December can’t be met by a pause by the BSP,” he told Manila Bulletin. 

He has said before that interest rate differential should be at least a 100 bps. As of Nov. 2, the US Fed rate stood at 3.75 percent to four percent versus the BSP’s five percent as of Nov. 17.

On Friday, Nov. 18, the peso vis-à-vis the US dollar closed stronger at P57.26 compared to P57.36 on Nov. 17, the day the BSP announced its expected BSP rate hike.

In a press briefing after the Monetary Board meeting, Medalla said they cannot let the interest rate differential to fall back at this time.

“We don’t really have a model that says if the interest rate is this, the exchange rate will be this, because there are so many things that cause the exchange rate to move. However, what we do know is if the interest rate differential is too small especially during times when the US economy is the only game in town, then the peso” will tend to behave abnormally, he said.

“This is the reason why right now, the US policy rate is a bigger influencer of our policy rate than normal,” Medalla added.

Weeks before the Nov. 17 Monetary Board policy meeting, Medalla has communicated early on that they will raise the reverse repurchase rate or the RRP by 75 bps. 

Medalla on Thursday said this will probably be the last time that the BSP will do a big rate increase. The recent 75 bps rate adjustment is the second one, the first was an off-cyle move last July.

The BSP has jacked up the rates by a cumulative 300 bps to battle high inflation and exchange rate pressures. As of end-October, the inflation rate averaged at 5.4 percent. For the rest of the year, the BSP forecasts inflation to exit at 5.8 percent. Medalla said inflation will peak in November or December but it will not likely breach eight percent. In October, inflation climbed to a 14-year high of 7.7 percent from 6.9 percent in September

The last time the RRP rate was at five percent was on Jan. 29, 2009, before the interest rate corridor system was implemented in 2016, which adjusted the monetary policy transmission to bring market rates closer to the BSP rate.

Medalla said the US Fed is now signalling that they could increase funds rate in smaller doses after four 75 bps in a row. This could temper the US dollar’s strength in favor of regional currencies, especially the peso which has lost P8.1 or 15.7 percent last Sept. 29 when it depreciated to its record lowest of P59 versus the end-2021 closing rate of P50.99.

The last two rate increases on Sept. 22 and Nov. 17 were essentially responses to what the US Fed did.

The BSP initially increased the rates gradually from a two percent flat rate since November 2020. It started with two 25 bps adjustment on May 19 and June 23, followed by a surprised 75 bps off-cycle move on July 14. The fourth and fifth rate hikes were 50 bps each on Aug. 18 and Sept. 22, followed by a 75 bps increase on Nov. 17. The next and last Monetary Board policy meeting for the year is on Dec. 15.

Since price stability is a key BSP mandate, the six in a row policy rate increases are intended to bring back the inflation path to within the two percent to four percent target range by 2024.

The BSP expects inflation will stay above-the-target in the near term amid broadening price pressures and second-round effects but will be closer to three percent than four percent by the second half of 2023.

Adele, Beyoncé, Kendrick Lamar among top nominees at 65th Grammys

by Punch Liwanag

Beyoncé leads the pack with nine nominations.

The singer’s most recent album titled “Renaissance” earned the pop superstar nine nominations at the 65th Grammy Awards that will happen early next year, on February 5, 2023.

Rap music artist Kendrick Lamar is a close second with eight nominations earned through his “Mr. Morale And The Big Steppers” album.  


Adele and Brandi Carlile meanwhile both have seven nominations each respectively for the albums “30” and “In These Silent Days.”

All aforementioned artists will vie for the major awards that include “Album Of The Year” and “Record Of The Year.”

Also included in the best album list are ABBA with their comeback album “Voyage,” Coldplay with “Music Of The Spheres,” Lizzo’s “Special,” Mary J. Blige’s “Good Morning Gorgeous,” Bad Bunny’s “Un Verano Sin Ti,” and Harry Styles’ “Harry’s House.”

Likewise the Record Of The Year category includes Beyoncé’s “Break My Soul,” Adele’s “Easy On Me,” Kendrick’s “The Heart Part 5,” and Brandi Carlile’s “You And Me On The Rock” (featuring Lucius).  

Those and ABBA’s “Don’t Shut Me Down,” Mary J. Blige’s “Good Morning Gorgeous,” Steve Lacy’s “Bad Habit,” Doja Cat’s “Woman,” “About Damn Time” by Lizzo and “As It Was” by Harry Styles.   

The Song Of The Year category is comprised of aforementioned songs by Beyoncé, Adele, Kendrick Lamar, Harry Styles, Lizzo, Steve Lacy and the Tiktok hit “Abcdefu” by Gayle and DJ Khaled’s “God Did,” “Just Like That” by Bonnie Raitt and Taylor Swift’s “All Too Well (10 Minute Version).”

Grammy observers note that this upcoming event’s narrative will boil down between Beyoncé and Adele.

Both female acts are some of the most decorated in Grammy history.

Beyoncé has got the edge in number of awards but has only one major award to her credit with Song Of The Year with “Single Ladies.”

Meanwhile Adele has swept Album, Record and Song Of The Year honors in a previous ceremony.