Business Columns

AYALA Corp. (AC) reported retained earnings of P176.804 billion in an unaudited consolidated financial filing as of March 31, 2018, up P6.502 billion, or 3.818 percent, from P170.302 billion as of Dec. 31, 2017. The holding company’sconsolidated net income in the first three months increased to P12.891 billion from P11.568 billion in the same period […]

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Things don’t seem to work, much less happen, the way they do before. When the market closed for July last Tuesday, share prices closed lower instead of going up as they usually do on a number of reasons most particularly on the impact of window dressing by institutional fund managers to present a good appearance […]

The post Present market direction a guessing game appeared first on The Manila Times Online.

The importance of knowing how to run and grow a family business lies with the fact that families own around 80 percent to 90 percent of the companies in the Philippines. Even the biggest conglomerates in the country started as small family businesses and up to now are family-led: SM Group, Ayala Corporation, JG Summit, […]

The post Running an enduring family business appeared first on The Manila Times Online.

This is version 2 of a similar column I wrote a decade ago. It’s an issue worth reviving with the burgeoning capital expenditure projects the government is contemplating. It’s sometimes argued that the Net Present Value (NPV) criterion is appropriate for corporations but not for governments. First, government must consider the preferences of the community […]

The post NPV rule in gov’t appeared first on The Manila Times Online.

The current tax amnesty bill proposed by the Department of Finance (DOF) deals with an estate and a general tax amnesty (GTA) in separate parts, as well as with an unprecedented tax amnesty on delinque ncies. The first part of the proposed bill is the estate tax amnesty which requires the payment of a six […]

The post Delinquents covered by tax amnesty appeared first on The Manila Times Online.

THE Department of Trade and Industry (DTI) attempted to rekindle interest in a long-standing controversy when it asked the Philippine Competition Commission (PCC) this week to “act on the concerns of the business sector” regarding “questionable” surcharges imposed on local importers and exporters by international shipping lines. While there’s ample justification for the “concerns,” the […]

The post The great freight swindle appeared first on The Manila Times Online.

KORMASINC Inc. is the majority stockholder of Vitarich Corp. (VITA). Prior to its acquisitions of additional VITA common shares, it directly owned 2.168 billion common shares or 70.988 percent of 3.054 billion outstanding common shares. On July 20, 2018, Kormasinc increased its direct ownership of VITA common shares to 2.169 billion VITA common shares, equivalent […]

The post Insiders’ trades appeared first on The Manila Times Online.

I have been a Certified Public Accountant in public practice for the past 27 years and have seen people come and go at P&A Grant Thornton. My 16 year-stay in our branch offices, particularly the one in Davao, gave me the opportunity to get involved with our people’s employee lifecycle from attraction to separation. A […]

The post Getting the right work attitude appeared first on The Manila Times Online.

THE Philippines’ persistent, higher than expected inflation rate has been a contentious subject for months, pitting the government and its neoliberal supporters against public and consumer advocates, some of whom are wholly opposed to the current administration, and some who are generally supportive, but alarmed by developments. The members of the Philippine Exporters Confederation (Philexport) […]

The post Time to be frank about inflation appeared first on The Manila Times Online.

Week 21 marks the end of the fifth month of the column’s seven-month “1st Virtual Stock Trading Contest of The Manila Times.” This obviously means that the contest will soon come to an end in the next two months. When likened to a basketball game ­— a game of both skill and chance like stock […]

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