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SBFCC holds webinar with SGV Clark
The Subic Bay Freeport Chamber of Commerce (SBFCC) organized a webinar on VAT updates last 7 July. Tax Partners Hentje Leo L. Leaño (LLL) and Margaux A. Advincula (MAA) discussed the VAT provisions under the CREATE Act and Revenue Regulations No. 9-2021. They explained their respective tax implications and provided insights on how they will impact Subic locators. The session was moderated by SBFCC Executive Director Donna Tamayo. Over 500 representatives from company members and non-members of the SBFCC attended the briefing, including Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Atty. Wilma Eisma and SGV Clark Head Jose Pepito E. Zabat (JEZ).LLL and MAA with Donna Tamayoand other members of the SBFCCThe session concluded with an open forum where the speakers addressed the participants’ questions. The webinar’s organizing team included Tax Associate Director Michael Lapasaran, Senior Associate Virly Tiare and Associate Brevin Perez.
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MPIC Sustainability Summit 2021 features CCaSS Team
Metro Pacific Investments Corporation (MPIC) held its Sustainability Summit 2021 on 6 August and among the speakers were EY Climate Change and Sustainability Services (CCaSS) Leader Mathew Nelson and CCaSS Partner Joseph Ian M. Canlas (JMC). The event included global environmental, social and governance (ESG) resource speakers who talked about key issues such as climate change, sustainability reporting standards, investor expectations and emerging global trends. Over 300 participants attended the event, including the Board of Directors and Senior Management of MPIC. Mathew presenting at the summitMathew discussed the results of the 2021 EY Global Climate Risk Disclosure Barometer, a report which provides a global snapshot of the increasing corporate focus on climate risks and opportunities. He emphasized that climate risks and opportunities should be more than a reporting or disclosure matter. These should be at the center of a business’s growth strategy as understanding climate-related issues can help accurately assess their potential impact on an organization. JMC presenting at the summitJMC then discussed local and global developments on sustainability reporting, as well as the highlights of SGV’s Beyond the Bottom Line: Sustainability Reporting in the Philippines publication. He discussed how publicly listed companies in the Philippines are complying with the Philippines SEC's requirements on sustainability reporting that were implemented in 2019.Both sessions concluded with a Q&A portion where the speakers addressed the participants’ questions. The summit was part of MPIC’s commitment to elevate its sustainability initiatives across all its businesses under the group.
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RAF presents at 8th PICPA Cebu Summit
Consulting Leader Rossana A. Fajardo (RAF) was among the speakers at the 8th Philippine Institute of Certified Public Accountants (PICPA) Cebu Chapter Summit. She led the plenary session on Embracing the New Reality: Growth Mindset for Transformative Times and emphasized the importance of possessing the right mindset to lead teams, reimagine new opportunities, and thrive in uncertain times. RAF with PICPA Cebu officers at the summitRAF shared, “transformative leaders are purpose-driven and bring out the best in themselves and in others” by fostering a culture of trust, belonging and teaming. She compared two types of mindsets: the fixed mindset where individuals are focused on proving and demonstrating their abilities; and the growth mindset where individuals leverage on their past growth and success to find ways to improve their abilities and skills. She then provided tips on how participants can lead with a growth mindset using if-then plans – the habit of setting specific actions and goals to effectively visualize success.
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