Bill Gates is still America's Wealthiest Man

For the 14th time, the Microsoft founder, Bill Gates is still the richest man in America with a net worth of $59 billion according to Forbes magazine's latest list of the wealthiest Americans. Bill was followed by Warren Buffett of Berkshire Hathaway on the list with a net worth of $52 billion.

Here is the Top 25 on Forbes magazine's latest list of the wealthiest Americans.

#1 William Gates III ($59.0 billion) Microsoft
#2 Warren Buffett ($52.0 billion) Berkshire Hathaway
#3 Sheldon Adelson ($28.0 billion ) casinos, hotels
#4 Lawrence Ellison ($26.0 billion) Oracle
#5 Sergey Brin ($18.5 billion) Google
#5 Larry Page ($18.5 billion) Google
#7 Kirk Kerkorian ($18.0 billion) investments, casinos
#8 Michael Dell ($17.2 billion ) Dell
#9 Charles Koch ($17.0 billion) oil, commodities
#9 David Koch ($17.0 billion) oil, commodities
#11 Paul Allen ($16.8 billion ) Microsoft, investments
#12 Christy Walton & family, ($16.3 billion) Wal-Mart Inheritance
#12 Jim Walton ($16.3 billion) Wal-Mart
#12 S Robson Walton ($16.3 billion) Wal-Mart
#15 Alice Walton ($16.1 billion) Wal-Mart
#16 Steven Ballmer ($15.2 billion) Microsoft
#17 Abigail Johnson ($15.0 billion) Fidelity
#18 Carl Icahn ($14.5 billion) leveraged buyouts
#19 Forrest Mars Jr ($14.0 billion) candy, pet food
#19 Jacqueline Mars ($14.0 billion) candy, pet food
#19 John Mars ($14.0 billion) candy, pet food
#19 Jack Taylor & family ($14.0 billion) Enterprise Rent-A-Car
#23 Donald Bren ($13.0billion) real estate
#24 Anne Cox Chambers ($12.6 billion) Cox Enterprises
#25 Michael Bloomberg ($11.5 billion) Bloomberg

Forbes Magazine listed 400 on the list of the wealthiest Americans.

source: forbes mag/abs-cbnnews.com

Read more!

Ai Sarap: Ai-Ai delas Alas' Food Chain Business

Comedy Concert Queen Ai-Ai dela Alas is now entering the world of business starting with her first branch of "Ai Sarap" Food Chain located at Maria Clara cor. Langit St. sa Sampaloc, Manila.

The first branch of "Ai Sarap" is an apartment-type unit with an Internet shop on the second floor.

Ai-Ai's food chain offers food with prices that are affordable and student friendly specially it is located near the school and hospitals like the University of Santo Tomas, St. Jude Hospital and Holy Family Clinic.

Aside from her Sampaloc branch, Ai-Ai is already putting up two more outlets of Ai Sarap at Pasig and Novaliches area.

Ai-Ai delas Alas' "Ai Sarap" food chain of had its soft opening last September 16.

source: pep.ph

Read more!

BIR Will Raise PUV tax by 2,600%

A 2,600% tax hike will be implemented by the Bureau of Internal Revenue (BIR) to Public Utility Vehicles (PUVs) which could lead jeepney, bus and taxi drivers to ask for increase in fare.

PUVs’ minimum gross quarterly receipts were still based on 1978 prices which according to the BIR are no longer reflective of the true value of the minimum gross receipts of public vehicles.

The updated amounts of tax liabilities were based on the updated minimum gross quarterly receipts as prescribed by the BIR.

For jeepneys in Metro Manila, the 2006 minimum gross quarterly receipts amount to P65,700 from only P2,400 previously.

For public buses, the minimum gross quarterly receipts would now amount to a range of P98,000 to P197,100 from only P3,600 to P7,200 previously.

For taxis in Metro Manila, the minimum gross quarterly receipts would now amount to a range of P65,700 to P98,600 from only P2,400 to P3,600 previously.

The BIR is stepping up efforts to meet its revenue target of P730 billion for 2007 and help the government trim the budget deficit to P63 billion this year.

source: abs-cbnnews.com

Read more!

Jollibee Launches Tio Pepe to Invade Carinderia Industry

The famous fast-food chain Jollibee which is based in the Philippines ow invades the carinderia industry also known as turo-turo.

After putting up outlets in abroad like Vietnam, Indonesia, China and US, the Philippines’ famous fast-food restaurant is now entering the cheapest section in the food service industry and put up “Tio Pepe’s Karinderia” as its pilot restaurant in Edsa Central in Mandaluyong.

According to John Victor Tence, Jollibee’s Vice President for Corporate and Human Resources, Tio Pepe’s Image is Bulakeño whose mascot is dressed in orange apron.

In ABS-CBN’s interview with Mr. Tence, he said that Tio Pepe’s food is good and cheap. At 39 pesos,he added, one can enjoy meal of pork adobo, rice and soup. They also have laing, and dinuguan in their menu served on plates instead of styrofoam. Service to go is also available.

Jollibee said, if this project becomes successful, they would be able to raise this industry section to a higher level of quality and efficiency. They will initially use a commissary servicing Chowking but will eventually put up a new one for Tio Pepe.

Source: abs-cbnnews.com

Read more!

Asia Agcaoili on the business of selling sex toys

Viva Hot Babe slash sex guru Asia Agcaoili is on the business of selling sex toys.

For more information about her business, watch this video clip from gmanews.tv



asiastoys.com is a supplier and online retailer of Adult toys, Stimulators, Lingerie, Lubricants and more...

source: gmanews.tv

Read more!

FrancSwiss a Scam?

FrancSwiss like any other business trick promises a big pot of money in a very easy way.

It is now one of the newest craze in town. Its aim is "not only to produce millionaires but also to lead those millionaires on how to have a right attitude towards financial freedom."

They offer a 4.5% net return for every $1,000 investment everyday, which is not impossible to attain. There are a lot of investors who have been earning from this so called scam now, but how long can Franc Swiss maintain this kind of business luck?

If you’re going to check their websites, www.francswiss.us, www.francswiss.com, and www.francswiss.biz, they are all inaccessible now. So what does it mean? Are they running away from their investors?

A text advisory from FrancSwiss is now being spread to calm their investors.

"FS advisory: to all investors remain calm. The server will resume anytime."

Here in the Philippines, names of big personalities were being used or linked to promote and attract investors.


Some of the said big personalities who invested in FrancSwiss were Korina Sanchez whom Eleazard Castillo, one of the chief financial adviser of FrancSwiss said to have invested a 15M dollars to her account.

In addition Caudine Barretto and Raymart Santiago, brothers Victor and Isabela governor Benjamin Dy, and baskeball player Bonell Balingit were included in the said list of investors.

Korina already cleared her name while Claudine and Raymart refused to comment on this issue.

NBI is still in the process of completing the names of the said investors of FrancSwiss and they will invite them to their office for them to clear their names.

credits: (pictures) abs-cbn.com, abante-tonite.com (news) abs-cbnnews.com

Read more!