The last week of the year will see the field personnel of the Bureau of Internal Revenue (BIR) going out and visiting businesses and their warehouses. The revenue agency will be deploying its personnel to check out and monitor taxpayers’ year-end inventory.
BIR Commissioner Joel Tan-Torres issued Revenue Memorandum Order No. 40-2009, which seeks to validate [...]

The only liquefied petroleum gas (LPG) franchiser in the country, PR Gaz Haus, is embarking on an ambitious 500-store expansion binge. This it hopes to accomplish in the next five years, according to company chief operating officer for franchising Siu Ping C. Par.

In spite of the increase of prices in the world market, Pilipinas Shell Petroleum Corp. said it will not increase prices of its lubricant products and its Shellane cooking gas for the month. Shell country chairman Edgar Chua said this is a part of the company’s effort to provide temporary relief for the victims of [...]

SONA 2009 PGMA (FULL HD) 1/7

Here’s a complete text transcript of the State of the Nation Address (SONA) delivered by President Gloria Macapagal-Arroyo last Monday, July 27, 2009.
GMA’s SONA transcript

The Goodyear Tire & Rubber Co. will be closing its manufacturing operations in the Philippines. The announcement was made on Friday by its Philippine subsidiary, Goodyear Philippines Inc. Said closure, which will be effective on September 30 this year, will displace 500 workers, or about 83% of its employees in the country. The decision was [...]

Prudentialife Plans Inc. is no longer allowed to sell new preneed plans effective April 16, 2009, that is because the Securities and Exchange Commission (SEC) has revoked its dealer’s license for its failure to meet the requirements of a multiyear funding scheme.
The terms and conditions contained in the Multiyear Capital and Trust Fund Buildup allows [...]

There is an ongoing online public service campaign for all Filipino workers in the CNMI (Commonwealth of the Northern Mariana Islands) to renew their membership to the Overseas Workers Welfare Administration (OWWA). This campaign is initiated by Paul Madriaga, the internal vice president of the United Filipino Organizations in the CNMI.
The campaign was prompted by [...]

Ayala Corporation, one of the country’s oldest and biggest conglomerate with the most diversified investment and interest is planning to plow P49 billion into the domestic economy this year. Jaime Augusto Zobel de Ayala, chairman and chief executive officer (CEO) the company said, “We continue expanding in a down cycle and that comes back many [...]

Fresh funds ranging from $700 million to $1 billion has been pledged by the World Bank (WB) as it completed its discussions with the Philippine government on a country assistance strategy.
The three-year lending program for the Philippines, according to the bank, “puts greater emphasis on poverty alleviation and good governance.” In other words, World Bank [...]

Sometimes, because of the drive of the businesses to increase their revenues, certain important areas are taken for granted. The most affected area is the society, the business’ consumers per se.
It is said that businesses have social responsibilities, just like the responsibilities of civil societies, non-governmental organizations, the government, and any other entities affecting the [...]

Ana Coritha Desamparado is not your ordinary college student. Aside from being the president of the University of the Philippines – Cebu (UP-Cebu) student council, Desamparado is also known in the campus as the “mobile sari-sari store vendor.”
Desamparado, who is taking up a degree in mass communication in UP-Cebu, sells anything. From candies, chocolates, cellphone [...]

The article of Butch del Castillo on Business Mirror where he talks about the booming “ukay-ukay” business in Philippines is quite a wake-upper for me. For one, I learned of the existence of a law is which being violated by this business.
The law, which according to the author is a little-known law, is the Republic [...]

Just because the designer jeans you’ve been drooling over from last season is now on a 20% sale doesn’t mean that you have to snatch it right away on a whim. Cost consciousness is essential and when it comes to spending, a little planning goes a long way if you stick to it. First is [...]

In these times of global financial crisis and talks of recession won’t be dying any day soon, it wise that we should be conscious of our money habits. Recession or not, our financial habits are something that we should take a second look on. Little money mismanagement is hurting us, without us even being conscious [...]

The cost advantage that a firm obtains due to expansion is called economies of scale. Any size firm expanding its scale of operation may utilize it. Purchasing, managerial, financial and marketing are the common ones.
Economies of scale play a role in a natural monopoly. A natural monopoly is defined as a firm which enjoys [...]

Children are a great target market, that’s why most businesses’ marketing efforts are geared towards them. This is most especially true this coming Christmas season, as children are expecting to receive gifts in this time. Absorbing the impact of these marketing ploy are the parents, who oftentimes give in to their children’s nagging for various [...]

It could have been an inspiring article. But somehow, something seems to be lacking, as one comment describe it – like an “unfinished symphony” causing others to doubt the story and even the purpose of it being written
The story about Joey Magtibay, a Filipino entrepreneur who achieved financial freedom and became a millionaire at the [...]

In recent news, Hong Kong officials say that they have found high levels of melamine in a batch of eggs imported from China, the same industrial chemical that has been found in milk supplies exported by the same country.
This adds to a growing list of products found to be tainted with melamine which indicates that [...]

We can see nowadays that the price of oil particularly diesel and gasoline is dropping significantly. As a result, The Land Transportation Franchising and Regulatory Board or LTFRB is agreed to carry out a fare cut for public utility vehicles.
A 1.00 peso fare cut for buses and 0.50 centavos for jeepneys will be agreed amount [...]

This is a very optimistic take on the current economic condition of the Philippines, what with the financial crisis and all. It should be noted that the whole proposal of the new Filipino family being middle-class – 10 million of them – as compared to that of an American middle-class family whose assets are practically [...]