The Philippine government believes that the country deserves a better credit rating, that is why it is wooing the three major credit rating agencies for an upgrade in its credit scores, amid the improving fiscal situation and external liquidity.
The three credit rating agencies – Moody’s Investors Service, Fitch Ratings, and Standard & Poor’s (S&P), were [...]

For the last 15 months, the peso was pegged at its strongest level after the closing at 46 to $1 on Friday. This was mainly attributed to steady growth of overseas Filipino workers (OFWs) remittances and stable consumer prices.

The Philippine Chamber of Commerce and Industry reported that business have lost up to P1 billion due to the devastation brought about by tropical storm Ondoy last month. But PCCI president Edgardo Lacson said that while this is the case, local enterprises are now starting to recover.
Lacson added that although there is an existing price [...]

As an aftermath of the damage caused by the recent onslaught of tropical storm Ondoy in the country, the Philippine Insurers and Reinsurers Association (PIRA) said that they now have initial claims reaching P11 billion. This is broken down into P10 billion for damage to property claims and P1 billion for automobile damaged. PIRA did [...]

The Department of Trade and Industry (DTI) is now after dealers of liquefied petroleum gas (LPG) and construction materials who are taking advantage on the aftermath of tropical storm Ondoy and overpricing their items.
The trade department will be coordinating with the Department Of Energy about the matter, while it says that it hasn’t received any [...]

On October 29, 2009, the Quezon City government will hold an event that aims to honor its top taxpayers. The “QC Salutes Top Taxpayers” testimonial dinner will be held as part of the city’s 70th founding anniversary.
It’s dubbed as the biggest and grandest taxpayers’ recognition event of the city, which is now being staged on [...]

The business process outsourcing (BPO) service providers in the Philippines are urged by the chairman of the House committee on information communications technology to donate computers under the Adopt-a-School Program and avail themselves of gainful tax benefits in return.

Senator Francis “Chiz” Escudero filed Senate Bill 3381 where he calls for an increase and automatic release of the Internal Revenue Allotment (IRA) of local government units (LGUs) to boost funding for job and income generation programs for their communities.
Included in his bill is the proposal to impose a penalty of six percent interest per [...]

There were recent reports that the Philippine Health Insurance Corp. (Philhealth) was on the brink of bankruptcy, but government officials were quick to react and scrambled to deny the reports and assured Philhealth’s 79 million members that it was financially stable.

Usually, businesses have receivable or those what the customers owe to you. Difficulty collecting payments from these receivables can affect your outstanding accounts as it will bleed out your cash flows. Late payers of receivables are in fact lending your money while being free from interest rates.
Unknowingly, the failed payment of receivables gain the business [...]

Every business needs an accounting to determine the inflow and outflow of finances. It would best if the owner himself has his own eyes in the accounting of his own business. But it is not necessarily that the owner himself would do the accounting, rather knowledge on the basics of accounting and the ability on [...]