I just read at Philstar this morning when I had my breakfast with our officers at Calamba City on page l4 about the presence of Friday club at Pasay office of B of P. And it is not just B of P, but also B o C. It is called Friday club because that is the time they collect their "take" and split it amongst themselves. From the looks of it and tenor of the news article, the head of the govt units are helpless in eradicating this syndicate.
The traders I know who are victims of the the two offices told me the collection is done really every Friday.
But what is going to happen to this club? Shall it go and on to the detriment of business entrepreneurship?
It is one thing to promote entrepreneurship programs lending programs; but takes real guts to fight cancer to entrepreneurship like this. And hard work and political will? Do we have them now?
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