January, 2017


Top local developer

PROPERTY consultancy firm CBRE Philippines has named the Soberano-led Cebu Landmasters Inc (CLI) as the number one local condominium developer in Cebu. CLI senior vice president Franco Soberano confirmed the honor in a press conference yesterday, adding that it was next in rank to Ayala Land Inc. (ALI) in terms of market share in the Cebu real estate market. “CLI is now the number one local condominium developer in Cebu with 11 percent share, only second to Ayala Land at 17 percent, followed by Filinvest at eight percent,” a reportRead More

Batuhan: Political SOX

FOR those at the right age, the high-profile financial scandals at the turn of the millennia will not have been easily forgotten. Names such as Enron, Worldcom and Tyco bring back images of corporate smoke-and-mirrors, of investors being tricked into believing false financial information, and of millions of dollars being lost due to corporate malfeasance, fraud and deception. The Sarbanes-Oxley Act of 2002 or SOX was a firm, if complicated and cumbersome response to that scandal. Source: Local News

RFM board approves P300M in cash dividends

THE board of food and beverage company RFM Corp. approved on Monday the first tranche of a cash dividend declaration for 2017, amounting to P300M or P0.08576 per share, for shareholders as of Feb. 14, 2017. The payment date is set on March 10, 2017. RFM President and CEO Jose Ma. A. Concepcion III said that the cash dividends are part of the company’s 50 percent cash dividend policy based on recurring net income and payable in two tranches. “Shareholders can therefore expect another dividend declaration in the latter partRead More

DOLE suggests: Get a move on FWAs

MANY jobs can be performed just as well outside of the workplace with the aid of technology, such as in the employee’s home, that employers and employees can explore together and agree on to address traffic and work-life balance issues, said a labor department executive. Mary Grace Riguer, officer-in-charge of the Institute for Labor Studies, an attached agency of the Department of Labor and Employment (DOLE), said that some employers in the Philippines have begun adopting flexible work arrangements (FWAs), now enabled by technological breakthroughs. Source: Local News

Tax Notes: Clarification: bookkeeping requirements

THE Bureau of Internal Revenue issued Revenue Memorandum Circular (RMC) No. 10-2017 to clarify the bookkeeping requirements of national government agencies (NGAs), government agencies and instrumentalities (GAIs) and government-owned and-controlled corporations (GOCCs). Source: Local News

Editorial: Pause, effect

LET’S give the official story the benefit of the doubt. The suspension of police operations against illegal drugs does give Director General Ronald dela Rosa the opportunity to go after scalawags in his ranks. But he and President Rodrigo Duterte will need to do more, for the pause to be meaningful. They can, if they are sincere about cleansing the Philippine National Police (PNP), also use the pause from operations to look more closely at their campaign’s methods and accountability mechanisms. Source: Local News

Carvajal: Badly needed break

ARTIFICIAL contraceptives are legal in the Philippines. These can be purchased anywhere in the country by those who can afford their steep prices. The reproductive health (RH) law that was passed in 2012 simply legalizes their free distribution by the government to the poor. Source: Local News

Wenceslao: Suspension of ‘war’

PRESIDENT Rodrigo Duterte’s announcement of his decision to have the Philippine National Police (PNP) temporary halt the “war” against the illegal drugs trade was not only the top news story in the Philippines but also caught the attention of the international media, and rightly so. The same war has attracted global attention because of its harshness, with more than 7,000 suspected pushers/users killed thus far. Source: Local News

Nalzaro: Setback in the anti-drug campaign

THE decision of the Philippine National Police (PNP) hierarchy to suspend “Operation Tokhang” or the anti-illegal drugs operation could result in a temporary setback in the Duterte’s administration war on drugs. The war has gained momentum with the deaths and arrests of several drugs personalities. Billions of pesos-worth of drugs, specially shabu, have been seized. Source: Local News


Signal jammers Azmodeus Uriel Mayor Tomas Osmeña is planning to put up signal in the Cebu City Jail. Meanwhile, we cannot implement a city-wide “no smoking” ban and curfew. Interesting. Michelle Olbenario Magbutang nalang kaha tag signal jammer sa tibuok kalibutan kay ang mga tawo karon very unsocialized na tungod sa bag ong teknolohiya. Tony Borinaga dela Cruz The neighboring houses would have their signal jammed too. It’s like sinulog everyday! Source: Local News