The chaotic, hypercompetitive business marketplace, escalating shareholder expectations and transitioning landscape of corporate finance have metamorphosed the profile, purpose and persona of the Global CFO.­—IAFEI Global CFO Study

WE LIVE in uncertain times and in a tough environment. Many feel that their individual businesses already lag behind the general economy, thus the need to act with urgency to address this economic reality. It is expected that economic volatility will continue for sometime and, after this, it will likely emerge into an entirely different type of recovery.

GOVERNMENT-sequestered United Coconut Planters Bank (UCPB) said on Wednesday its robust earnings in the third quarter pushed its consolidated net income in the first nine months to P1.1 billion, reversing a year-earlier net loss of P1.4 billion.

The midsized bank sustained its recovery with a “strong” revenue growth after the completion of a P30-billion capital infusion by the government early this year.

LEGISLATORS raised their objection over a Swiss-proposed tax- stamp technology for excisable products on the ground that it masks a revenue-generating capability that only Congress may exercise.

The objections came in the wake of a Bureau of Internal Revenue (BIR) statement saying it was now negotiating with Swiss-based Sicpa Products SA to reduce the cost of applying proprietary technology for purposes of taxing cigarette and alcohol products.