31 C
Makati City
Tuesday, April 25, 2017
The Asean is holding its 30th summit meeting in Manila to assess the progress of the Asean Economic Community (AEC), launched two years ago in Kuala Lumpur. Seen as an ambitious plan to integrate the mostly struggling economies of the 10 Asean member-countries, the launching of the AEC in 2015 was greeted with much scepticism. But what the AEC has...
Remarks of H.E. TEODORO L. LOCSIN, Jr. Philippine Permanent Representative to the United Nations Mr. High Representative, Excellencies, Toynbee argued that civilizations live and thrive—or die by challenges: a challenge can inspire the challenged to rise above itself and be something more by interaction. Spengler had the opposite view. Civilizations are each sui generis and incommunicable. They cannot understand or learn...

Financial Sector Forum

The Financial Sector Forum (FSF) was established through a master memorandum of agreement (MOA) signed on July 5, 2004, by the heads of four financial regulators: Governor Rafael B. Buenaventura of the Bangko Sentral ng Pilipinas (BSP), Chairman Lilia T. Bautista of the Securities and Exchange Commission (SEC), Commissioner Eduardo T. Malinis of the Insurance Commission (IC); and President...
The Philippines had been likened to Sisyphus of Greek mythology, who was punished to eternity by Zeus to push a huge boulder up a hill, only to slide back to the bottom before reaching the top. Thi Sisyphean, or “Sisyphus syndrome”, describes how we often rise with a strong sense of nationhood during momentous events, like the People Power Edsa...

Coal-free country

Last Friday, coinciding with Earth Day celebrations worldwide, Britain’s National Grid announced to the media it produced 24 hours of electricity without burning coal, the first time Britain’s power went coal-free in 135 years. “First coal-free day in Britain since Industrial Revolution” read the BBC news headline. Britain’s National Grid has gradually been replacing its coal-based electricity plants. The country already...
I’m very optimistic about the success of President Rodrigo Roa Duterte’s infrastructure program. In addition to the aggressive stance of the Department of Public Works and Highways (DPWH) and the Department of Transportation, private groups are coming up with their own ideas and submitting these for government approval. Private-sector participants in government-initiated projects, such as those under the Public-Private Partnership...
The Philippines spends a considerable amount of effort on its investor road shows, highlighting everything from government infrastructure projects to private investments for local companies raising funds. Those with big money are treated as VIPs, afforded five-star banquets and, perhaps, a goodie-bag or two. But smaller investors can be just as valuable if you can find enough of them. Of...
The role of intellectual property—patents, trademarks, industrial designs, utility model, copyright—in encouraging innovation and creativity takes center stage every April 26, as the world celebrates the World Intellectual Property Day. This year’s theme, “Innovation: Improving Lives”, highlights the impact of innovation in the numerous aspects of our lives, such as food security, comfort, connectivity, safety, transportation, communication, health care...
A classic explanation of why it’s so is in the electricity bill. Looking at how much electricity is consumed, some 51 percent to 57 percent of the total electric bill is the cost of the power that the company buys from power generators (generation charge). Other reflected charges in the bill cover distribution costs, transmission charge, system losses charge, taxes...
This week opens the 30th Asean Summit, where the leaders of the 10 member-countries will meet at the Philippine International Convention Center (PICC) for the first of two high-level meetings. This summit takes place as the Philippines plays host to yearlong celebrations, conferences and meetings on the occasion of the 50th founding anniversary of Asean. The Association of Southeast Asian Nations (Asean)...

Colonies: A bad investment

The Age of Exploration by the European countries from the end of the 15th century to the 18th century certainly seemed like a good idea at the time. Travelers and traders had since the 8th century been moving goods and ideas all across Asia and into Europe. Everyone made a few bucks and some friends and alliances along the...
IF we were to ask President Duterte and his economic managers, the solution to poverty would be to build and build some more. In a recent forum, our top infrastructure officials joined some Cabinet economic managers to pitch what they call “Dutertenomics”, which is seen to usher in a “golden age of infrastructure” to counter poverty in the country. The...
SO what? That’s what skeptics of the Association of Southeast Asian Nations may say as Asean holds the first summit of its 50th year this week. After all, half a century on, the grouping only began the road to market integration last year. Hardly impressive for an entity that prefers to be seen primarily as economic, not military or geopolitical. As for...

Rising to greater heights

The resurrection and rising of our Lord Jesus Christ is the highlight of the Holy Easter celebration just passed. For those accountants involved in the Small- and Medium-sized Practices (SMP), this can be the inspiration for them to rise to greater heights. SMPs in the Philippines consist of around 6,300 practices of the more than 6,700 Board of Accountancy accredited...

Immunity from suit

The principle enshrined in Section 3, Article XVI of the Constitution that the “State may not be sued without its consent” reflects nothing less than a recognition of the sovereign character of the State and an express affirmation of the unwritten rule effectively insulating it from the jurisdiction of courts. It is based on the very essence of sovereignty....
What do stakeholders have to say about public-private partnerships (PPPs)? What are their PPP stories? What are their roles and perceptions? Starting today PPP Lead will feature PPP Conversations. This columnist will propound frequently asked questions to be answered by PPP stakeholders. Our first conversation will be with the PPP Center (PPPC), which will share with us its reason for...

Chump change

CULTURE will dictate how far an organization will progress or digress as former Singaporean Prime Minister Lee Kuan Yew said, “Culture is destiny”. Changing a culture seems a daunting task since mindsets of those within the organization have been likely set, fixed and established by factors outside the organi­zation, such as family, religion and school. Of the many core...
-Advertisement
- Advertisement -
-
Advertisement