Extension granted to MBAH students submitting business plan today - the suspension of class made it moot

Every generation needs a revolution - an entrepreneurial revolution

Rizal Philippines
August 13, 2016

This author granted a 1 week extension for the submission of the business plan,  the final project for the Entrep subject, after failing to get an endorsement/nod from the program director.  She was against it, after noting her response that as a PhD student, she has to comply strictly with the deadlines.

I earlier said that I take full responsibility for the granting of the extension after noting that  the students have  difficulty with the complexity of the business plan, especially the financial. I also anticipated that challenge that was why I refused to teach the subject with the strict deadline (7 days submission of grade after end of the semester.  I will not teach  the subject without submission of the business plan.)

However this deadline has been rendered moot because  of the suspension of the class at the school today. Now that I am 65 and retireable, the offense merely formalizes my being out.  Being out of the system now.

Are the 65 and above staff and lecturers out of the school system even with the new law on age discrimation

Every generation needs a revolution - an entrepreneurial revolution

Rizal Philippines
August 13, 2016

RA 10911 lapses into law, is effective by August 16, 2016

The school suspended school today on account of incessant rains.  However, I was not informed ahead of time, and I found myself in the midst of traffic and rains when I learned of the suspension

Let us go back to the topic of this post.  About a month ago, this writer was informed by a cluster secretary (and they seem to have clout over profs)  that profs over 65 can no longer teach or join any income generating activity.   And that was a sad day for me.  I still love to teach and that was  let down.  So I refuse to join any more activities of the school.

However a new law came out that prohibits age discrimination in hiring.  Does that apply to the age of the employees as to whether they are not retireable or not?  (The bill lapsed into a law after Pres. Pnoy failed to sign this after Congress approved the bill.

Answer from the Philstar news article and we quote:

Under RA 10911, it is also unlawful for employers to lay off workers because of old age or to set an age limit in employment.  (Does this make the school policy of retiring 65 and above null and void?)

Violators face fines of P50,000 to P500,000 and imprisonment of three months to two years.

Opportunities abound even for a senior businessman/lecturer

Every generation needs a revolution - an entrepreneurial revolution

Rizal Philippines
August 11, 2016

Three weeks ago, I was informed by a secretary of the GS that being 65:   I would not be renewed anymore for teaching load nor attend final defense of students.   It could be the occasion to be sad and start feeling useless.  The teaching job was a no money issue but simply that was love of leaving a legacy

However many things came out and they were opportunities, far better than teaching:

1.  Invitation to be director of a just bought rural bank.  It fits my background well because I worked in a rural bank, I put up a savings and loan association which was successful, it was bought by a govt agency.  I also established 2 financing companies and a lending investor.  I am now helping firm clarify its goals and objectives (write a business plan)

2. The owner of the said RB also invited me to help her develop her properties into subdivision and memorial park.  I had extensive experience in both.

3. Invitation from a member of the board to be their consultant, investor in the business he is organizing:

     1.  manufacturing of solar panels  (RE which includes solar is an advocacy.  I researched hard on solar financing, and this is serendipity.)

     2.  telecom, a solution to the slow internet in the Philippines  (its an advocacy too)

     3.  health care  (my teaching stint for MBAH served me well

Let me quote a portion of his email:

Jorge, I welcome your joining our organization because I feel that there is a lot that you can contribute not only in banking but the other business ventures that we are pursuing. We have for example the Solar Power company. This company I think will do so well that by the second hear I will do a back door listing which will create a value that is 1000% of our investment.

Aside from this I am pursuing a business opportunity  in the telecom industry which is going to be a game changer. I will give you more details once I close the deal. Suffice to say that it will be a partnership with Bill Wrigley whose family once owned Wrigley chewing gum but sold to the  Mars family  a few years ago for $22B. He is considered the 4oth richest man in America and I am meeting with him in Chicago on Sept 15.

He is now getting into the telecom business with a new product which they want to bring into the Philippines. What he has is capable to providing  wifi in the entire country and will also be able to enhance cellphone quality and coverage. No more drop calls. No more slow internet, plus the entire country will have a CCTV in every street where there is an electric pole. Its very exciting and I pray that I can introduce it into this country in partnership with Bill Wrigley.

So I hope that you can join us and together help me build a conglomerate that I once had. Unfortunately the conflict that I had with the family destroyed what we had successfully built over a 45 year period. This time it will not be the case.