Maniolas

The biggest names in the sport of polo in the region were here recently for the inaugural Philippine Polo Open.   The game of kings was recently the centerpiece of sports in the country as the San Miguel team won the inaugural Philippine Polo Open with a 9-4 victory over Global Port at the Manila Polo Club. Iñigo Zobel was at the forefront of San Miguel’s attack, as the veteran international scored two goals in the first chukker. He finished the match with three. “We had a good game today. The team functioned well. But it wasn’t easy. We just got the good breaks. Our advantage is that we’ve played together before and our horses worked well,” said Zobel. Tommy Bitong, an upstart 13-year-old, backed the effort of Zobel with two goals in the third.      The other scorers were Sam Hunt and Juan Jauretche with two apiece. View all Lifestyle Feature ( Article MRec ), pagematch: 1, sectionmatch: Global Port owner Mikee Romero did not play in the title match due to the death of his grandfather earlier in the day, and his absence on the field told heavily on the team. He watched along the sideline with his family, and was pleased with the success of the event, since the proceeds from the match were earmarked for the victims of typhoon Yolanda. The battle for third place was won by Royal Brunei after a 5-4 win over Tang Polo of China. Brunei Prince Jefri Bolkiah played alongside Read More …

MANILA, Philippines – The Philippines has been ranked 56th out of 132 countries in the Social Progress Index 2014 released yesterday. The Philippines ranking improved from an SPI score of 49.41 in 2013 to 65.86 in 2014. The Social Progress Index ranks counties by their social and environmental performance. The Philippines’ good performance placed it ahead of Thailand (59) and Indonesia (88) despite having a much smaller gross domestic product (GDP) per capita, the survey said. It is also ahead economic powerhouses like Russia (80), China (90) and India (102) in the overall rankings. For the first time, each country’s performance was also compared to 15 other countries with a similar level of economic development (based on GDP per capita). Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The Philippines’ economic peers (similar GDP per capita) in the SPI are the Republic of Congo, Iraq, Honduras, Nicaragua, India, Indonesia, Guatemala, Uzbekistan, Swaziland, Bolivia, Morocco, Moldova, Guyana, Mongolia and Laos. The Philippines managed to outperform all 15 of them to have the best SPI performance in this sub-group, the report said. Compared to this peer group of 15 countries, the Philippines has performed strongly on the underlying measures of opportunity, doing well in areas of access to advanced education and personal freedom and choice.

The principal place of business has been defined as the place where the central management is located and where the books and records of transactions are kept. It is considered the corporation’s place of residence. It has been held in several cases that the residence of a corporation may be important for tax purposes, in determining the venue in court cases or even in ascertaining if service of summons and notices was properly made. Its importance is emphasized in the provision of the Corporation Code stating that the principal place of business of a corporation is one of the mandatory matters that must be contained in the articles of incorporation. Before 2006, the Securities and Exchange Commission (“SEC”/”the Commission”) allowed registrant corporations and partnerships to indicate a general address only as their principal office address, such that it refers only to a city, town or municipality where they conduct business. “Metro Manila” was accepted as a valid principal office address. On Feb. 16, 2006, the Commission issued SEC Memorandum Circular No. 3 (“SEC MC No.3-2006”), directing registrant corporations and partnerships to state in their articles of incorporation or articles of partnership, the specific address of their principal office, which shall include, if feasible, the street number, street name, barangay, city or municipality. In addition, the specific address of each incorporator, stockholder, director, trustee, or partner must also be disclosed.  It categorically stated that “Metro Manila” shall no longer be allowed as address of the principal office. Apparently, the directive of Read More …