Business World – Suits the C-Suite articles 2019

Will REITs soon be within reach? By Cyril Jasmin B. Valencia October 7, 2019

Real Estate Investment Trusts (REITs) had been gaining propulsion globally for many years. Locally however, since the introduction of REITs a decade ago

Transfer pricing audit issues requiring attention By Reynante M. Marcelo Septermber 30, 2019

In the previous article, we discussed the salient points of RAMO No. 1-2019, the Transfer Pricing (TP) Audit Guidelines and the urgent need to have a TP documentation to prepare for the TP audits.

Preparing for the IBOR By Janice Joy M. Agati and Redgienald G. Radam September 18, 2019

In the first part of this article, we highlighted the current state of Interbank Offered Rates (IBORs), the factors behind the shift from IBORs to Alternate Reference Rates (ARRs)

Preparing for the IBOR Transition By Janice Joy M. Agati and Redgienald G. Radam September 10, 2019

Financial markets globally are preparing the shift from referring to Interbank offered rates (IBORs) as a benchmark for financial products and services to alternative reference rates (ARRs).

Redefining corporate rules By Cecille S. Visto September 2, 2019

In the first part of this article, we covered Republic Act 112321 or the Revised Corporation Code of the Philippines (RCC)

Redefining corporate rules By Cecille S. Visto August 27, 2019

For nearly 40 years, Batas Pambansa 68 or the old Corporation Code governed the way corporations operate in the Philippines.

Project management in the transformative age By Evert De Bock August 15, 2019

New platforms and drivers of productivity are creating new possibilities at unprecedented speeds, with steady advances in robotics, cognitive technologies and intelligent automation.

Benchmarking Philippine VAT against global key trends By Stephanie G. Vicente-Nava July 29, 2019

In 2017, EY launched a Worldwide Indirect Tax Developments Map. It is a tool designed to track changes occurring around the world in value added tax (VAT)

Business World – Suits the C-Suite articles 2018

Succession and unlocking the future of family businesses By Jules E. Riego December 17, 2018

The humble image evoked by the idea of a traditional, family-run business contrasts with the fact that they are considered economic

Fast-tracking digital transformation By Rossana A. Fajardo December 10, 2018

In a previous article in this column, we spoke about how important it is for company leaders to become digital-enabled in today’s

Can the public sector spearhead digital transformation? By Wilson P. Tan December 3, 2018

In the first part of this article, we recalled that both private and public sectors must take the business of digital transformation

Can the public sector spearhead digital transformation? By Wilson P. Tan November 26, 2018

In recent articles published in this column, we have highlighted the growing need for digital-ready leadership and the digital

When equal access brings economic success By J. Carlitos G. Cruz November 19, 2018

SGV & Co. is the first professional services firm in the world to receive the Economic Dividends for Gender Equality (EDGE) Assess Certification.

What are digitally savvy leaders? By Rossana A. Fajardo November 12, 2018

In a world of constant disruption and innovation-led advances, organizations are increasingly leveraging technology to transform

The proper allocation of costs and expenses for financial institutions By John Raymund Vincent A. Fullecido November 5, 2018

The Regional Trial Court (RTC) of Makati released its decision on the petition of banks seeking the invalidation of Bureau of Internal Revenue (BIR) Revenue Regulations

Revisiting the rules on offsetting arrangements By Kristine Joyce A. Dalangin October 29, 2018

Offsetting (or netting) may arise in business transactions where there is a debtor-creditor relationship.

Business World – Suits the C-Suite articles 2017

Effective reporting of expected credit loss estimates under IFRS 9 By Geraldine Rose V. Ogerio December 18, 2017

INTERNATIONAL Financial Reporting Standards (IFRS) 9, the replacement standard for International Accounting Standards (IAS) 39, Financial Instruments: Recognition and Measurement

Disruption and corporate training By Jennifer Jeanne S. Lim Bok-Uyking December 11, 2017

In a professional services organization like SGV, we recognize that developing talent in all its forms is integral to our underlying objective of building a better working world.

Reinventing internal audit in the age of disruption By Christiane Joymiel C. Say-Mendoza December 4, 2017

CHANGE IS COMING faster than ever. As technology and the world economy changes at an accelerated pace, so too does the level of emerging risks that come with it due to regulatory requirements and globalization, among others.

Are productivity incentive schemes benefits considered De minimis or other benefits? By Hentje Leo L. Leaño November 27, 2017

As we approach the end of the calendar year, employees’ excitement builds as bonuses and incentives such as collective bargaining agreement

Agriculture 3.0: Farms go digital By Jose Raoul J. Balisalisa November 20, 2017

In the course of an ocular inspection for a client, an alternative to a physical visit was proposed — to view video footage of the plantation captured by drones.

Financial inclusion in the age of digital disruption By Christian G. Lauron and Ruben D. Simon, Jr. November 16, 2017

A study conducted by the Bangko Sentral ng Pilipinas (BSP) showed that only two out of 10 households have bank accounts and, with an economy that has been growing 6% to 7% in recent years

Transfer Pricing Challenges in Cloud Computing By Ana Katrina C. Celis-De Jesus November 06, 2017

Gone are the days when brick-and-mortar businesses dominated the market. Recent trends show that many businesses are now shifting to online platforms.

IFRS 17: In search of better answers By Charisse Rossielin Y. Cruz October 30, 2017

In the first part of this article, we took a deeper look at the newly released International Financial Reporting Standards (IFRS) 17, Insurance Contracts, issued in May 2017.

Business World – Suits the C-Suite articles 2016

Seventy and beyond By Cirilo P. Noel December 20, 2016

Organizations measure success in quantifiable terms, such as revenue, margins, production volumes, brand, reputation, and more importantly, longevity.

The impact of IFRS 15 on the telecom industry By Ernesto A. Clarin December 12, 2016

IFRS 15, Revenue from Contracts with Customers, the highly anticipated revenue standard issued by the International Accounting

IFRS 9: Are global banks ready? By Redgienald G. Radam December 5, 2016

International Financial Reporting Standard (IFRS) 9 Financial Instruments is the new accounting standard that will eventually replace

The talent of tomorrow By J. Carlitos G. Cruz November 28, 2016

Just last week, I was invited to talk of the role of millennials in the work force at a convention in Davao City.

Business World – Suits the C-Suite articles 2015

BEPS Action Plan 2: Neutralizing the effects of hybrid mismatch arrangements By Faustina Victoria E. Ochoa-Sarmiento December 28, 2015

Hybrid mismatch arrangements are the focus of the 2-part Action Plan 2 of the Organisation for Economic Co-operation and Development’s (OECD’s) Base Erosion and Profit Shifting (BEPS) initiative.

Focusing on nonfinancial risks by Vicky Lee-Salas December 21, 2015

As the business environment for financial institutions grows increasingly more complex and challenging, more and more banks are rethinking their risk management systems

Transfer pricing of intangibles in the age of BEPS By Joyce A. Francisco December 14, 2015

In our previous columns, we tackled some of the recommendations from the Organisation for Economic Co-operation and Development (OECD) on how to address the issue of Base Erosion and Profit Shifting (BEPS)

BEPS Action Plan 10: Low value-adding services (Second of two parts) By Auresana I. Torres December 7, 2015

In last week’s column, we started our discussion on Base Erosion and Profit Shifting (BEPS) Action Plan 10, which seeks to align transfer pricing outcomes to value creation by providing protection to

Business World – Suits the C-Suite articles 2014

2015: a year for awareness and action beyond borders By Cirilo P. Noel December 29, 2014

THOSE with their ears to the ground may have got the sense that 2015 holds promise, while also realizing that extracting that potential will not be straightforward.

The six traits of digital-ready CIOs By Warren R. Bituin December 22, 2014

IN A WORLD fueled by rapid-fire innovation and technological evolution, progressive Chief Information Officers (CIO) are seeing more opportunities

The OECD action plan on Base Erosion and Profit Shifting By Fidela I. Reyes and Margarita Mallari-Acaban December 15, 2014

IN TAX, the latest global buzzword is “BEPS” or base erosion and profit shifting. BEPS refers to the practice of multinational corporations (MNCs)

Leveraging Filipino talent: Going global without leaving home By Arnel F. De Jesus December 9, 2014

IN DAYS when Makati was still a 9-to-5 city, taxis knew their best chance at a late-night passenger would be outside the SGV & Co.

Business World – Suits the C-Suite articles 2013

Investing in and for social change By Cirilo P. Noel December 23, 2013

MORE than a month after the phenomenal damage wrought by super typhoon Yolanda, relief efforts continue for the thousands upon thousands of survivors who lost their homes and livelihoods.

An importer’s guide to free trade agreements By Victor C. De Dios December 16, 2013

WITH the entry into force of regional Free Trade Agreements (FTAs), importers have a window of opportunity to reduce costs by availing themselves of preferential customs duty rates.

Tax relief for casualty losses By Cheryl Edeline C. Ong December 9, 2013

IN LAST week’s article, we talked about the taxability of donations given the recent outpouring of compassionate aid

Tax breaks for the compassionate By Betheena C. Dizon December 2, 2013

SUPER typhoon Yolanda (Haiyan) wrought unimaginable devastation in the Visayas and sparked a massive international relief

Business World – Suits the C-Suite articles 2012

Growth, prosperity and duty by Cirilo P. Noel December 17, 2012

Although Typhoon Pablo brought unexpectedly sweeping devastation to some provinces in Mindanao – dampening

The greening of the hotel industry by Jose Pepito E. Zabat III December 10, 2012

Globally, the hospitality industry has been showing significant recovery and growth, with better performance indicators

Do fiscal incentives truly promote change? by Fara G. Vargas-Pagaran November 4, 2012

There are two versions of a bill currently pending in Congress that seek to change the system of investment incentives

Investment Entities: The Standards and their Challenges by Ma. Emilita L. Villanueva November 26, 2012

In May 2011, the International Accounting Standards Board (IASB) issued International Financial Reporting Standards

Business World – Suits the C-Suite articles 2011

“The Gift of Knowledge” by W. SyCip (December 27, 2011)

It is the day after Christmas and I am sure that you received some presents and likewise gave out gifts to your family and friends.

“New consolidation standard redefines ‘control’” by Editha Viray-Estacio (December 19, 2011)

The International Accounting Standards Board (IASB) recently issued three new standards: IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, and IFRS 12 Disclosure of Interests in Other Entities.

“Accounting for customer loyalty programs” by Dhonabee B. Señeres (December 12, 2011)

Stiff, cut-throat competition in the global market and intense rivalry prompt companies to devise creative marketing strategies to keep ahead of competition.

“Embracing the new IT reality” by Carlo Kristle G. Dimarucut (December 5, 2011)

An organization’s fundamental functions often pivot around the capabilities and boundaries of IT. But for some reason, the use of cloud, social media and personal devices in the enterprise has caught most IT organizations unprepared.