If you’re frustrated that you still can’t use the online verification and reservation system of the Securities and Exchange Commission (SEC), maybe you’re not alone. It has been weeks that the system is down, which means that the SEC is back to the slower manual mode. Well, I’m not really that frustrated because we were [...]
Archive for the ‘Business & Corporate’ Category
Tax Amnesty Available until May 2008
The last day to avail of tax amnesty is 5 May 2008. Now, before you get excited because you may happen to have failed to file your income tax return by 15 April 2008, this tax amnesty refers to all national internal revenue taxes for the taxable year 2005 and prior years that have remained [...]
Why can’t everyone be entrepreneurs?
The entrepreneurial movement gained steam, I’d say, only in the past 3 or so years (or maybe I was too busy with other things that I didn’t notice it). These days, you hear about entrepreneur groups and movements on entrepreneurship. There’s a school for entrepreneurs and an entrepreneur caravan. In other words, there’s an awakened [...]
Doing Business in the Philippines: The Most Problematic Factors
Just recently, the World Economic Forum released its Global Competitiveness Report for 2007-2008. The Philippines is ranked 71 in the Global Competitiveness Index rankings. This is definitely not something to be happy about, as the Philippines is 71 out of 131 countries/economies ranked, and lagging behind its neighbors, including Korea (11), Taiwan (14), Malaysia (21), [...]
OFWs as stakeholders in the government
I received an email forwarding an article purportedly written by Rodolfo Noel Lozada, Jr, more commonly known as Jun, in relation to the aborted 329 million dollars national broadband network (NBN) deal with ZTE Corp. of China. You must have read so much about this so there’s no need to explain its background.
The accompanying comment, [...]
Overseas Filipinos as Entrepreneurs
The multiplier effect of the exchange rate potentially creates a lie in which the Overseas Filipino Worker (OFW) slips into a false security that as long as he is earning in foreign currency, it’s perfectly alright — he will have a greater spending power in the Philippines. This fallacy, however, is sustained only if the [...]
The Entrepreneurial Myth
The entrepreneurial myth is the “myth that most people who start small business are entrepreneurs” or “the fatal assumption that an individual who understands the technical work of a business can successfully run a business that does that technical work.” (Michael E. Gerber, “The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to [...]
Insolvency and Criminal Cases
One concern of creditors in filing a case for collection is the possibility of getting nothing in the end because the debtor has no properties to satisfy the judgment award, while spending more money for legal fees. A pyrrhic victory, so to speak. In fact, I often come across debtors dropping the hint of filing, [...]
Tax amnesty extended
Well, not exactly like the old amnesty. The Bureau of Internal Revenue (BIR) has extended, until 22 December 2006, the “One-Time Administrative Abatement” of all penalties/surcharges and interest on all delinquent accounts and assessments. The guidelines are spelled out in Revenue Regulation 15-2006.
We will discuss this later at the Forum.
A Smart & Practical Guide for New Entrepreneurs
I was able to scan the first few pages of the book “A Smart & Practical Guide for New Entrepreneurs” (Marlo Sanchez [2004], New Edition), which reflects this banner – “#1 Bestseller for Filipino Entrepreneurs”. I got stuck in pages 14 and 15, containing a discussion on the “Legal Types of Organizations”, i.e., Sole Proprietorship, [...]
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