Dec 202016
 

THE Department of Agriculture has pinned its hopes on the livestock sector and an expected bumper grain harvest this quarter amid favorable weather, with the Agriculture secretary saying he “hopes” for output growth of 7% to 8% in the three months to December, which will be sufficient to drive full-year growth to the mid-single digits.

Dec 192016
 

The principles of a sound tax system are fiscal adequacy, administrative feasibility, and theoretical justice. Fiscal adequacy means the sources of revenue must be sufficient to meet government expenditures and other public needs. Administrative feasibility means tax laws and regulations must be capable of being effectively enforced with the least inconvenience to the taxpayer. And theoretical justice means that a sound tax system must be based on the taxpayers’ ability to pay.

Dec 182016
 

Organizations measure success in quantifiable terms, such as revenue, margins, production volumes, brand, reputation, and more importantly, longevity. This is something that we in SGV understand and appreciate, having celebrated our 70th anniversary in 2016. If an entity thrives for seven decades, one can assume that it has followed a viable and sustainable business model. Yet, given the lightning speed at which global business is evolving, even long-running companies need to develop strategies for maintaining their lead in a highly competitive market. Keeping up with modern business paradigms is not something that can be taken for granted; instead, it needs to be actively and constantly pursued, no matter how long one has been in the game. In fact, part of the journey is learning from mistakes and moving on with more passion and determination to succeed.