25 C
Makati City
Wednesday, July 26, 2017
A popular idea has been circulating on the Internet for some time now—that of the amusing argument that the earth is flat. I suppose it comes on the heels of another ridiculous pronouncement that climate change is a hoax. This despite the recent report by the scientists at the University...
The House of Representatives approved on third and final reading by a unanimous vote of 212-0 House Bill (HB) 5224, which updates, among others, the rules on the rendition of the National Anthem, expressly repealing Republic Act 8491 on the “Flag and Heraldic Code of the Philippines”. HB 5224 ostensibly...
Corporate governance concepts are crucial for the long-term success of a business. Listed companies are even required by most regulatory bodies throughout the world to adopt a code of governance that complies with the minimum requirements of the listing country. This just highlights the importance of corporate governance. While it sounds...

Peace, man!

As of the third week of July, the siege in Marawi City has cost the lives of 39 innocent civilians and 100 gallant soldiers. Over 900 have been wounded since the fighting began. Dr. Lucio Tan recently donated P2 million to Armed Forces of the Philippines soldiers who have been...
IT is Asia’s battle of the coming decade. The Philippines fights for its future as a functioning, law-abiding state against enemies foreign and domestic. And if it loses—make no mistake about it—so does the region. Just imagine: The most strategically situated nation in East Asia—straddling major sea and air routes,...
IN a world fueled by modern technologies, we are bombarded by innovations and inventions from various fields and sectors on a regular basis—and many of them are necessary and noteworthy! But trust the guys at Scientific American, in cooperation with Global Future Councils and the World Economic Forum’s Expert...

‘Too many cooks!’

There is conventional wisdom in the saying that “too many cooks spoil the broth!” That is exactly why there is little faith in the implementation of this newest law, Republic Act (RA) 10913 known as the Anti-Distracted Driving Act despite numerous attempts to revise and clarify its Revised Implementing Rules...
One of the most desired boilerplate provisions of public-private partnership (PPP) contracts today, the absence of which can be a deal breaker for some private-sector proponents (PSPs), is the Maga—Material Adverse Government Action. Having a Maga is one way by which PPP arrangements, typically long-term contracts, become robust and...
The annual tradition of celebrating the Accountancy Week is a big event for all accountants. For this year, the celebration will be from July 16 to 22 and will be held at Edsa Shangri-La Hotel and various locations throughout the Philippines. Accountants all over the country have been conducting...

Tenacity in action

Whenever we dare to do something different, we must be prepared. We must have the balls to go through with it despite the falls we will inevitably experience. Balls and falls, just as risks and rewards, go together in life. It is often said that ships are safe in...
Half-empty or half-full. That’s one way of looking at how things have gone since the Philippines won a favorable decision from the Permanent Court of Arbitration (PCA) in The Hague in its case asserting sovereign rights under the UN Convention of the Law of the Sea (Unclos) against China’s...

Some notes on TRAIN

The Department of Finance is currently active in its campaign to make more Filipinos understand what House Bill 5636, or the Tax Reform for Acceleration and Inclusion Act (TRAIN), is all about. The Duterte administration wants more people to understand what the proposed bill contains so that more people...
Sometime in February 2016 Mayor Rodrigo R. Duterte, then 71, admitted having four ailments. “I have no cancer. I have four illnesses, but they are not fatal,” the then-presidential candidate said to reporters who asked him if he had suffered a stroke while campaigning in Quezon City in February...
One of the longest clauses in a public-private partnership (PPP) agreement, or any agreement for that matter, but oftentimes glossed over, is the one on Representations and Warranties. When a party represents, it makes a statement or asserts a fact. When a party warrants, it makes a promise and assures...
THE International Federation of Accountants (Ifac) is the glob­al organization for the accountancy profession for which the Philippines is a member-country. The organization supports the development, adoption and implementation of international standards for accounting education, ethics and the public sector, as well as audit and assurance. To maintain membership,...

Break time

A DEAR friend once told me, “If there’s anything I wish I had more of, it’s time. Always rushing to get through my morn­ings.” The hustle and bustle of each day causes her undue stress. The instinctive response would be to tell her to take a break. However, nowadays...

An invitation

IF I had read aloud all the opinion articles I’ve written about the 2017 Barangay and Sangguniang Kabataan (SK) elections—not even including this one—my voice would be as raw and ragged as the Dark Knight’s in those Christopher Nolan movies, only not as menacing. And yet, for all that...
THE opening of classes for school year 2017-2018 brings to fore the important role of  teachers in helping shape the future of the nation as they help mold our chldren to be productive and responsible Filipinos in their adult lives.  As the black American civil-rights activist Malcolm X once said, “Education is...
THERE is a new thing in town: marketing in places like fast food restaurants and café. The approach is old; in fact, it is known already by that term “network marketing”. What is new is how these business encounters are surreptitiously done. Again, the sense that fast-food and café owners...
Noel P. De Guzman THE late American microeconomist, Jack Hirshleifer, once delivered a speech, entitled “The Dark Side of the Force”. In this speech, he calls the attention of economists to the important issues of “war, crime and politics” that are seldom tackled in conventional economic discourse. He points out...
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