South Korean investors attracted to central Da Nang City
South Korean investors are being attracted to central Da Nang city due to the introduction of favorable business conditions, according to the vice chairman of the municipal people’s committee, Vo Duy...
View ArticlePhilippine Post Offices Converted Into Banks
By Bingo P. Dejaresco III The Filipino Postman or Kartero to become bankers? This might not be farfetched as the Philippine Postal Corporation (PhilPost) has finalized plans to add basic banking...
View ArticleMajority of Greeks Oppose Austerity
An overwhelming majority of Greeks oppose austerity and view their debt-laden country’s and their own economic future with pessimism, a survey released in Athens showed on Friday, as a deal on...
View ArticleCorporation Tax on Accumulated Retained Profits
In 2009, Spratz, Inc.’s net profit before tax was P35 million while its operating expenses was P31 million. In 2010, its net profit before tax was P40 million and its operating expenses was P38...
View ArticlePower of Taxation is Legislative in Character
Although the power of taxation is basically legislative in character, it is NOT the function of Congress to A. fix with certainty the amount of taxes. B. collect the tax levied under the law. C....
View ArticlePassive Income Subject to Final Tax
Passive income includes income derived from an activity in which the earner does not have any substantial participation. This type of income is A. usually subject to a final tax. B. exempt from income...
View ArticleBar Exam Review on Tax – Gross Income Tax
In 2010, Juliet Ulbod earned P500,000.00 as income from her beauty parlor and received P250,000.00 as Christmas gift from her spinster aunt. She had no other receipts for the year. She spent...
View ArticleIndispensable requirement in action for quieting of title
Which of the following is an indispensable requirement in an action for “quieting of title” involving real property? The plaintiff must A. be in actual possession of the property. B. be the registered...
View ArticleStatistics indicates contraction for European economy
The U.S. dollar strengthened against the euro on Wednesday after strings of statistics indicated contraction for the European economy. Germany’s business sentiment compiled by Ifo Institute fell in...
View Article25 basis points cut in Philippine central bank’s policy rates
By Joann Santiago Banking giant HSBC projects Philippine monetary officials to enforce another 25 basis points cut in the central bank’s policy rates Thursday on capital inflows concerns. HSBC...
View ArticleAquino Reforms in government to transform the Philippines
President Benigno S. Aquino III has vowed to “accelerate” the implementation of reforms in government to transform the Philippines as a land brimming with opportunities and hope, in which all Filipinos...
View ArticlePhilippine passage of sin tax law amendment
By Joann Santiago Finance Secretary Cesar Purisima said the government will continue to work with lawmakers for the passage of sin tax law amendment to further improve the government’ fiscal position....
View ArticlePhilippine Tax Evasion Case Filed By BIR
By Perfecto Raymundo The Bureau of Internal Revenue Thursday filed before the Dept. of Justice tax evasion cases worth P45.2 million against a building contractor and a businessman. Charged were Engr....
View ArticlePangasinan Housing Fair
The first-ever two-day Pangasinan Housing Fair kicked off Thursday at the Pangasinan Training and Development Center here. The is sponsored jointly by the United Architects of the...
View ArticlePhilippine President Aquino Saves National Economy
A little more than two years after the Aquino administration took office, the Philippines has successfully placed itself just one notch below investment grade in all three major credit ratings agencies...
View ArticleEurope Supports Philippines Over West Philippine Sea Claim
The European countries of Norway, Switzerland, European Council and European Commission have thrown their support for Philippine President Benigno S. Aquino III’s stand to resolve claims on the West...
View ArticleSolution to Sending Big Files Online
You have always been limited to less than 10 MB whenever you want to send big files online. The best method to send smaller files is via email. But if you want to send large files, you need a reliable...
View ArticleWhat is insurance?
Insurance is based upon the principle of aiding another from a loss caused by an unfortunate event. Some writers have maintained that mutual insurance is as old as society itself. It seems that...
View ArticlePhilippine Ranking in Economic Index
Malacanang on Monday lauded the Philippines’ improvement in the Heritage Foundation’s 2013 Index of Economic Freedom as the country jumped 10 notches in ranking. “The Philippines jumped 10 notches in...
View ArticleScam in Bohol Bank
An attempt to silence circulated reports of a multi-million bank fraud happening here in the city instead took a backlash this week. Depositors, hearing the report for the first time discussed over...
View ArticleNew Method for Measuring Trade in Value-Added (TiVA)
The Organization for Economic Cooperation and Development (OECD) and the World Trade Organization (WTO) on Wednesday launched a joint initiative to develop a new method for measuring Trade in...
View ArticleLove is a breach in the walls,
LOVE Love is a breach in the walls, a broken gate, Where that comes in that shall not go again; Love sells the proud heart’s citadel to Fate. They have known shame, who love unloved. Even then, When...
View ArticleCapitol City Bank, Inc Bankrupt
The Monetary Board (MB) has placed the Capitol City Bank, Inc., a rural bank, under the receivership of the Philippine Deposit Insurance Corporation(PDIC) by virtue of MB Resolution No. 119 dated...
View ArticleSafest Car Brand
South Korean automaker Hyundai Motor Co.’s sports utility vehicle (SUV) Santa Fe has received top scores to be named the safest car in its segment by a European car assessment program, the company said...
View ArticleSingapore’s industrial production data
Singapore’s industrial production in December contracted by 0.6 percent on year, however it rose 5.4 percent from November after seasonal adjustments, the city-state’s Economic Development Board said...
View ArticleUpdate of Hong Kong Stock Market 2013
Hong Kong stocks closed down 18.47 points, or 0.08 percent, at 23,580.43 Friday. The benchmark Hang Seng Index traded between 23,481.37 and 23,666.39. Turnover totaled 81.67 billion HK dollars (about...
View ArticlePhilippine Stock Market 2013
The Philippines, mired in a forgettable sixth place overall finish two years ago, looks to stay in that hole. Or it may even drop farther down in the standing when the 27th Southeast Asian Games raises...
View ArticlePerformance of China’s Shanghai and Shenzhen Stock Exchanges
The Hushen 300 Index reflecting the performance of China’s Shanghai and Shenzhen stock exchanges closed at 2,571.67 points on Friday, down 11.08 points, or 0.43 percent. About one-fifth of the total...
View ArticleVolvo Buys Dongfeng
Swedish truck manufacturer AB Volvo was going to be the largest heavy truck manufacturer in the world after signing an agreement for vehicle cooperation with China’s Dongfeng Motor Group (DFG),...
View Article100 million worth of dollar-denominated IOUs
Port operator International Container Terminal Services Inc.(ICTSI) wanted to sell only around $ 100 million worth of dollar-denominated IOUs but investor interest was so overwhelming the subscription...
View Article