NATIONS deemed most vulnerable to the ill effects of climate change have forged a partnership for preparedness and support among each other during times of disaster.
May 242016
May 242016
THE LACK of a national ID system in the Philippines has hampered efforts to broaden access to financial services, industry experts said, with banks pressed to shoulder additional costs in establishing a potential client’s identity before they can be integrated into the banking system.
May 232016
INCOMING president Rodrigo R. Duterte will aggressively implement the country’s family planning law to push his economic growth agenda, one of his aides said on Monday, in a move that could add to simmering tensions with the Catholic Church.
May 232016
THE STATE share in the earnings of government-owned and -controlled corporations (GOCCs) grew to P40.2 billion last year as more state-controlled firms remitted back to the government.
May 232016
When I started practicing in tax law, the rules in determining fair market value of shares of stocks were quite simple. We were instructed to rely on the book value of the shares of stock based on the latest audited financial statement of the company which issued the shares. There were certain adjustments, of course, but generally, the book value is quite reliable.
May 222016
A CIVIL society group expressed concerns about the proposed European Union-Philippines Free Trade Agreement on Sunday, a day before accord negotiations are set to begin in Brussels, Belgium on Monday.
May 222016
SUBSIDIES to state-led corporations rose by nearly half in March as the government released more funds for irrigation and electricity supply amid an ongoing dry spell.
May 222016
In 2014, we wrote an article in this column on the efforts and initiatives of the International Accounting Standards Board, the Financial Accounting Standards Board (FASB), and the United States Securities and Exchange Commission (US SEC) on how to improve disclosures in financial statements. In September 2015, the US SEC released a formal request to various parties to obtain comments on how it can improve disclosure effectiveness. Meanwhile, the FASB proposed guidance in applying materiality to disclosures as part of its disclosure framework project which aims to improve notes in financial reporting.
May 192016
PRESIDENT Benigno S. C. Aquino III has signed into law a consolidated measure on halal exports, amid opposition by a number of institutions led by Muslim Filipinos.
May 192016
THE COUNTRY’S balance of payments (BoP) remained in surplus in April, albeit narrowing from the surfeit seen the month and year prior, on the back of higher income from the central bank’s operations and inflows from the government.