31 C
Makati City
Thursday, March 23, 2017
BACK in the late 1990s there was this Filipino-Chinese fellow named Sammy. Nobody liked him since he was the dictionary definition of a carabao’s backside. The company was too cheap to put in cubicles, so there were long tables on which monitors were set to watch and trade the stock...
Prosperity Without Progress. This is the title of the book (Berkeley: University of California Press, 1984) of Norman Owen on life in the Bicol region from the last century of Spanish colonialism up to the early decades of American rule. In this period, abaca, better known then as “Manila...
IT bears recalling that under Presidential Decree 902-A, any cause of action that involves controversies arising out of intra-corporate relations, between and among stockholders, members or associates of a corporation, partnerships or association, is within the original and exclusive jurisdiction of the Securities and Exchange Commission (SEC) to try...

Reborn in the light

ON our way to Easter and our baptismal celebration of it, we are led to meditate on Jesus’ opening the eyes of a man born blind (John 9:1-41). The significance of the event lies for us in the reactions provoked by the incident that amount to an illustrated discourse...
When one is in between jobs and facing certain financial limitations, options could become limited. Someone recently asked me this question: “What can I do to improve my financial status, when I am in between jobs and there aren’t so many options on the horizon?” I realized there may...
WITH war very clearly on the table of possible responses to North Korea’s continued development of nuclear arms, including intercontinental ballistic missiles (ICBM) able to hit the United States, will blood flow in the peninsula? The military option has loomed larger since US Secretary of State Rex Tillerson declared in Seoul...

PPProlific Manila

Which local government unit (LGU) has the most number of awarded public-private partnership (PPP) projects? Is this the same LGU that has the most number of reclamation projects? For this LGU, what PPP modality did it use to develop its infrastructure projects? The most PPProlific LGU is the City of...
Part One My recent travel to a number of global accountancy events took me to five countries for a distance of about 26,990 miles, or 43,400 kilometers, in a span of 13 days. I just realized when I returned to the Philippines that flying around the world will take less...

Shatter the glass

March is International Womens’ Month and March 8 has been designated by the United Nations as International Womens’ Day. Where are women at present in terms of “breaking the glass ceiling”? The Economist has published in March 14, 2014, its fifth “glass-ceiling index,” which is useful in providing a benchmark...

Clutter-free vision

As I write this column, I’m about a thousand feet above sea level together with some Tan Yan Kee Foundation executives on board one of the helicopters of Dr. Lucio Tan. On that day, Chairman Lucio Tan signed a memoradum of agreement (MOA) with Department of Environment and Natural...
With the rise in online scam cases in the country, Internet users need to be more careful with their online activities. According to the Philippine National Police’s Anti-Cybercrime Group (PNP-ACG), there was a significant rise in 2016 until the beginning of this year. The figure is higher than records...

Plan B

Shortly after becoming a lawyer, I left the Army and joined a law office in Pasig City. I then briefly worked in the United States as a contracts lawyer for a software development company. Of course, I went to the US principally to test the waters of the legal...
Conclusion I discussed in the first part of my article my hypothesis that only about 20 percent of a business enterprise’s actual value is reflected in the balance sheet. I submit that a large portion amounting to about 80 percent of the value can be attributed to such factors as...
Conclusion Will the next administration respect the public-private partnership (PPP) arrangements entered into by the previous one, continue the concession franchise under the original parameters, or will it alter the tariff mechanism, cancel the contract or change the interpretation of provisions of PPP contracts? Not being certain about the answers to...
Maybe it’s good-cop, bad-cop diplomacy. Over the past month, then-Foreign Affairs Secretary Perfecto R. Yasay Jr., ousted last Thursday, and Defense Secretary Delfin N. Lorenzana piqued Beijing with remarks about Chinese maritime activities. Weeks before his March 9 rejection by the Commission on Appointments over his past American citizenship, Yasay recounted...
Conclusion While international humanitarian law (IHL) applies exclusively in armed conflict (whether international or non-international), human-rights law applies, in principle, at all times, i.e., in peacetime and during armed conflict. However, unlike IHL, some human- rights treaties permit governments to derogate from certain obligations during public emergencies that threaten the life...
ON February 20 the Neda Board approved the 2017-2022 Philippine Development Plan (PDP), which is based on AmBisyon Natin 2040, the Filipino people’s collective vision and aspirations for themselves and for the country. It is also linked to President Duterte’s 10-point Socioeconomic Agenda. The PDP is the result of...

Trust and second chances

Servant leaders put their faith in the goodness of men. Using Barnabas trusting Saul as an example, inspirational speaker and best-selling author John Maxwell said leaders have to trust people, regardless of their past or their difficulty, to make a difference in their lives. Maxwell further added that true...
Are concessions public-private partnership (PPP) arrangements? What is a concession? What are examples of concession agreements? What are the harmful effects of changing the rules of the concession game during the life of the contract? Concession broadly speaking. Broadly, a concession is a license, franchise or grant of authority....
The accountancy profession in the Philippines is in a vibrant mood. In 2016 and continuing this year, there were several milestones that arose, which affected a large sector of the profession. The Board of Accountancy (BOA) led the profession in the major developments and was focused on implementing its...