All of us have friends or relatives whose lives have become severely stressed and almost untenable due to the difficulties of their daily commute. Consuming five to six hours a day to travel to and from work or school is now common. Waking up at 4 am to arrive by 8 am is the new […]
The post Who’s tasked to improve commuters’ lives? appeared first on The Manila Times Online.
Read moreSAN Miguel Corp. (SMC) is not the sister team of Ginebra San Miguel Inc. (GSMI) when it comes to corporate layers of ownerships. It indirectly owns Ginebra San Miguel because GSMI’s majority stockholder is an SMC subsidiary, aside from the fact that SMC directly holds certain block of GSMI preferred shares. Here is Due Diligencer’s brief analysis: […]
The post The ‘sister teams’ of PBA appeared first on The Manila Times Online.
Read moreDid you know that if you’re between 31 and 45 years old; working in management, finance and accounting, operations and production, marketing and sales, procurement, or customer service; male; connected with your organization for three to 10 years; educated; and respected by members of the community, then you have the profile of a fraudster? (Fisher, […]
The post Psychology of financial crime appeared first on The Manila Times Online.
Read more“Professional skepticism is an attitude that includes a questioning mind and a critical assessment of audit evidence. The auditor uses the knowledge, skill, and ability called for by the profession of public accounting to diligently perform in good faith and with integrity, the gathering and objective evaluation of evidence.” –PCAOB Over the past few years, […]
The post Professional skepticism appeared first on The Manila Times Online.
Read moreIN another sign that the more things change, the more they stay the same, Gloria Arroyo has apparently again felt called upon to use her neoliberal economic magic to pull the Philippines’ chestnuts out of the fire. Working with former Albay governor and now Congressman Joey Salceda, Arroyo presented a number of proposals aimed at […]
The post Gloria to the rescue? appeared first on The Manila Times Online.
Read moreAs a general rule, corporate officers are not liable for a corporation’s liabilities because of the legal fiction that corporate entities have legal personality separate from the individuals that comprise it. Obligations incurred by directors, officers and employees of corporations, acting as corporate agents, are not their own, but are the direct accountabilities of the […]
The post Officers’ liability for corporate tax penalties appeared first on The Manila Times Online.
Read moreMABUHAY Vinyl Corp. (MVC) listed two Japanese companies with combined ownership of 621.466 million MVC common shares as of June 30, 2018. Tosoh Corp. and Mitsubishi Corp. were listed as holders of two blocks of MVC common shares, which made them the company’s two biggest stockholders. When computed based on MVC’s 661.309 million outstanding common […]
The post Tosoh, Mitsubishi Mabuhay Vinyl’s majority stockholders appeared first on The Manila Times Online.
Read moreIT took them long enough to complete the task, but the proposed new rules for the regulation of initial coin offerings (ICOs) presented by the Securities and Exchange Commission (SEC) this week turned out to be worth the wait. Under the proposed rules, any prospective ICO will have to submit to screening by the SEC […]
The post SEC offers reasonable prospects for ICOs appeared first on The Manila Times Online.
Read moreTwo major factors were blamed again for the market’s volatile, though, buoyant behavior last week. These were the continuing issues on local inflation and investors’ fears of what an all-out trade war between Beijing and Washington may cost markets including ours. Inflation, or the movement of prices of basic goods and services, first rose to […]
The post Cautious optimism appeared first on The Manila Times Online.
Read moreAugust is upon us, and, without us knowing it, the first half of the year is gone. Next month will be the start of the “ber” months, ushering in chilly mornings and windy afternoons. Nowadays, a different kind of wind is blowing, and its coming from the direction of the Bureau of Internal Revenue (BIR). […]
The post Winter of discontent for ‘small’ taxpayers appeared first on The Manila Times Online.
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