Feb 052016
 
Stable food prices, cheaper oil, transport costs Inflation eases to 1.3% in Jan

In a report, Economic Planning Secretary and NEDA chief Emmanuel Esguerra said inflation – the measure of how fast prices in the choice basket of goods and services are moving within a certain period – eased to 1.3 percent in January from 1.5 percent in December 2015 and 2.4 percent a year earlier. STAR/File photo MANILA, Philippines – The increase in prices of basic goods and services in the country slowed in January as costs of food items remained stable, the National Economic and Development Authority (NEDA) said yesterday. In a report, Economic Planning Secretary and NEDA chief Emmanuel Esguerra said inflation – the measure of how fast prices in the choice basket of goods and services are moving within a certain period – eased to 1.3 percent in January from 1.5 percent in December 2015 and 2.4 percent a year earlier. He said inflation for the food subgroup  – which account for more than a third of the basket – slowed as prices of fish, fruits, vegetables, milk, cheese, and eggs became stable. “Good weather conditions at the onset of 2016 allowed prices of these food items to stabilize. This was an improvement from the previous month when Typhoon Nona pushed up prices due to hampered production, transport, and delivery of agricultural products in the affected areas,” Esguerra added. The January inflation rate fell within the Bangko Sentral ng Pilipinas target of 0.8-1.6 percent for the period, and exactly in line with market consensus. Inflation in non-food items also Read More …

Feb 052016
 
Max’s OKs P350-M share buyback plan

The Max’s Group is pursuing its expansion with the planned opening of 60 to 80 new stores across all its brands, both locally and overseas. This is in line with its goal to have 1,000 stores by 2020. STAR/File photo MANILA, Philippines – The Max’s Group Inc. has approved a two-year share buy back program amounting to P350 million. In its disclosure, the company said received the green light from its board to implement a two-year share buy back program. “This is in line with the corporation’s cash management activities seen to benefit shareholders in the long-term. At today’s closing price of P14.54 per share,  the amount of P350 million is equivalent to approximately 2.2 percent of the firm’s  total outstanding shares,” Max’s said. Companies have been buying back shares since last year amid the ongoing market volatility, which has pulled down share prices. These include Bloomberry Resorts Corp., International Container Terminal Services Inc., Energy Development Corp., Splash Corp., Phinma Corp. Vista Land and Belle Corp. Analysts said many companies are buying back shares to take advantage of the low price environment. The Max’s Group is pursuing its expansion with the planned opening of 60 to 80 new stores across all its brands, both locally and overseas. This is in line with its goal to have 1,000 stores by 2020. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 It recently signed an agreement with China-based partners JuYangYiTong of the Zhongfa Group to build at least 15 Yellow Cab Pizza Read More …

Feb 052016
 
Speaking in public

I have this suspicious feeling that I drive event organizers crazy. They are very polite and smile all the time, but the office tells me they have the tendency to freak out, most especially, just days before the event. They would ask me for my presentation material. But I do not give them anything because I do not want to. I have done this before. I would send my presentation in advance, then would find myself being confined and imprisoned within the contents of my slides and give a talk that frustrates me and makes me feel like I have not done my best. Most of my repeat clients know how I work. They give me the liberty to be extemporaneous, and I would leave the presentation materials to my daughter Rachel who is so intuitive and knows which slide to flash in front split seconds before I even say it. There is a reason for this. Much of what I talk about comes from sensing the audience. I would arrive at the place early, ask a few diagnostic questions, mark the territory and then do my thing. It is not unusual for me to change my material even when my Intro AVP is being shown. Rachel knows this and she can switch materials quickly as well. All these are because of one solid principle for presentation: The speaker should be audience-centered. The more the speaker knows the audience, the better the presentation will be. The worst thing a speaker Read More …

Feb 032016
 

THE UNITED STATES is engaged in talks with the Philippines to address areas of reform to get the country ready for the Trans-Pacific Partnership (TPP), with Washington considering it to be a significant economy that will eventually join the free-trade bloc “down the road,” Ambassador Philip S. Goldberg said.

Feb 032016
 

A tax refund is one of the most tedious processes in our tax system, if not the most. Refunds are in the nature of tax exemptions construed strictly against the taxpayer. However, this doesn’t necessarily mean that the taxpayer is at the mercy of government power. In our system of taxation, statutory procedures protect the rights of the taxpayer.