THE BUREAU of Customs (BoC) yesterday asked freight forwarders to install X-ray devices in warehouses to fast-track the release of “balikbayan boxes” from Overseas Filipino Workers (OFW) while curbing the entry of smuggled and prohibited goods.
THE DEPARTMENT of Energy (DoE) is pushing for measures that will support the growth of the country’s liquefied petroleum gas (LPG) sector, officials at a forum yesterday said.
FOREIGN BUSINESS associations in the Philippines have renewed their push at the House of Representatives for the passage of a law to create a Department of Information and Communication Technology (DICT).
Taxpayers have found some interpretations of the Tax Code to be unfair. There is hope in the courts though as seen in the Supreme Court decision on the Poverty Eradication and Alleviation Certificates (PEACe bonds). More than a decade ago, the Bureau of Treasury issued to the winning bidder P35 billion worth of 10-year zero-coupon treasury bonds designated as PEACe bonds of the Caucus of Development Non-Governmental Organization Networks (CODE-NGO), the country’s largest nonstock, nonprofit organization, which is composed of six national and six regional member networks, working for social development.
ECONOMIES should exercise caution when devaluing to boost exports as weaker currencies may also increase a country’s debt burden and make imports more costly, Finance Secretary Cesar V. Purisima said yesterday.
THE ENERGY department plans to award new petroleum service contracts under the fifth leg of the Philippine Energy Contracting Round (PECR) next month, an official said over the weekend.
In their paper “Responding to organizational identity threats: Exploring the role of organizational culture (2006), authors Ravasi and Schultz describe organizational culture as “a set of shared assumptions that guides what happens in organizations by defining appropriate behavior for various situations.” It is pervasive in an organization’s operations and influenced by the environment where the organization operates and the employees’ motivation for doing things. Moreover, the environment and employees’ motivation are largely influenced by the “tone at the top,” Board oversight and the Code of Ethics, all of which set the values and standards of an organization.
MANILA, Philippines – Employment in Clark, Pampanga is expected to continue booming as firms map out expansion of their operations in the Freeport, the Clark Development Corp. (CDC) said. CDC president Arthur Tugade said three companies which are on expansion mode are currently looking for qualified workers to fill-up vacant positions in their respective firms. Among the firms that are currently looking for additional manpower for their expansions and new operations are Australian business process outsourcing firm Beepo Inc., catering services firm La Rose Noire Phils. Inc., and hotel operator Midori Hotel and Casino. Midori will be the first five-star hotel to be established in Central Luzon and is expected to have a soft opening before the end of the year. As of end June 2015, CDC said Clark has already employed 72,875 workers, nine percent higher or 6,892 more compared to the same period last year. CDC added Clark is now enjoying its highest number of employment since its conversion from a military facility in 1993. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “The increase in workers is attributed by the investors on the sound investment climate inside Clark since President Aquino implemented its programs,” CDC said. With the expansion and new operations of several firms, Tugade said CDC is hoping that the number of workers in Clark would breach the 100,000-mark before President Aquino steps down from Malacanang in June next year. One of the biggest employment-generating firms in Clark is Japanese manufacturer of hairpieces and Read More …
Some people achieve a fleeting success and in an instant they are gone. Others build on their success and become even more successful. One singer gets famous but once the hit song dies, their fame dies as well. We call them “One-Hit-Wonders.” But then there is Stevie Wonder and Tony Bennett. Why is this so? Momentum is one thing that many people neglect. They get a momentary success and celebrate which is not a bad thing at all. From here though they rest and expect that the next round of success will come their way. And that is the problem. I do trainings and give talks to our OFW communities in many parts of the world. Filipinos are just some of the hardest working people in the world. They earn money the tough way and they save. And then in an instant they splurge. They go on a big vacation. They spend what they have worked hard to acquire. Then they come back. Their bank account has gone low or even zero. And then they have to work hard all over again. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Some mistakenly accuse them of being mediocre which is an unfair thing to say. Some call them foolhardy but these are people who have actually planned for it. Others brand them as financial illiterates, which I do not think so, otherwise how could they have accumulated and worked up the amount of money for their spending binges. Here is my deduction. Read More …
MANILA, Philippines – Local construction firm Datem Inc. has formally filed with the Securities and Exchange (SEC) an application for an initial public offering (IPO) of its shares at a price of up to P14.15 per share, translating to about P4.6 billion in total proceeds. The offer consists of up to 286,127,185 common shares and 42,919,078 optional shares pursuant to an over-allotment option, according to the company’s application. Proceeds would be used to fund expansion activities in construction, housing and bulk water, said company president Levy Espiritu. “The company is geared for bullish growth in the construction industry and in its subsidiary businesses,” he said. He said the company has over 30 years of experience and has successfully established itself as a reliable and reputable constructor with a wide range of residential and commercial projects for various clients. Datem’s projects include Discovery Primea, a luxury residential tower in Makati; Discovery Shores in Boracay and the Mind Museum, the Philippines’ first world-class science museum and a LEED Gold-certified building for design and construction. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Just recently, the company made its foray into the housing sector through Datem Homes which focuses on the delivery of well-planned communities and top quality affordable homes. In addition, Datem Homes has pipeline projects in Rizal and Davao. Datem has also ventured in bulk water supply and wastewater treatment services through Datem Water Inc. The company currently has a 15-year bulk water supply contract with Metro Kalibo Water District. Espiritu Read More …