Filipina CPA ...
14 PHILIPPINE ASIAN NEWS TODAY February 16 - 28 , 2018
PAL sustains ...
T h e n e w l o u n g e will have luxurious facilities : a wide dining area , private showers , massage area , meeting rooms , bar lounge , children ’ s play area , speedy Wi-Fi connection and the signature PAL buffet area constantly stocked with
The government doesn ’ t need to close down Boracay to clean it up , the president of the European Chamber of Commerce in the Philippines ( ECCP ) said Friday .
President Rodrigo Duterte earlier warned that he was willing to “ close ” Boracay if its waste water problems were not solved in six months .
But Guenter Taus , ECCP president , said six months will not be enough to fix Boracay ’ s wastewater problem .
“ I don ’ t think six months will really mouth-watering dishes .
The lounge – ideal for departing passengers as well as those with connecting PAL flights – will accommodate Business Class passengers as well as Premier Elite and Million Milers members of PAL ’ s Mabuhay Miles frequent flyer program .
The existing T2 International Mabuhay Lounge will be maintained for other premium passengers .
Meanwhile , PAL continues to play a constructive role in helping distressed Filipinos who need urgent repatriation to the homeland . The flag carrier is coordinating with the Departments of Foreign Affairs and Labor and
No need to close Boracay during clean-up , -European biz group chief
solve anything because you can ’ t put basic infrastructure in six months ,” Taus said on ANC ’ s Market Edge .
Taus said that the main problem in Boracay was the inadequacy of the sewer lines and pipes that are supposed to carry wastewater from establishments and households to the island ’ s sewage treatment facility .
While Boracay ’ s sewage treatment plant could process the current amount of wastewater being produced on the island , there weren ’ t enough sewer lines and pipes that
Employment to accommodate ( free of charge ) affected OFWs on PAL ’ s four weekly flights from Kuwait to Manila . This is PAL ’ s response to the call of President Rodrigo Duterte for the flag carrier to provide special repatriation support to distressed OFWs in Kuwait . ( PAL WEBSITE ) connect homes and businesses to the plant .
Taus , who also owns a small resort in in Boracay , also warned that closing Boracay would cause substantial losses for businesses and damage the island ’ s image abroad by “ sending the wrong signals .”
“ You will lose all the tourists ,” Taus said .
“ So , in my opinion , do a cleanup , do it alongside while still operating the island , otherwise you start from scratch again .” ( abs-cbn )
Php peso closed at an 11-year low at 52.34 pesos per dollar
The Philippines central bank is selling its dollar reserves as a defensive measure to manage excessive volatility driven by speculation against the peso , which is hovering near 11- year lows , the bank ’ s governor said yesterday .
The Bangko Sentral ng Pilipinas ( BSP ) chief sought to allay concern that recent market reforms would put more pressure on an already weak currency and stoke inflation .
“ BSP sells foreign exchange from its reserves to manage excessive peso volatility ,” said BSP Governor Nestor Espenilla , adding that the tongue
Filipina CPA ...
FROM PAGE 4 cancer he had been diagnosed with in November was successfully treated and he was closely monitoring the financial markets .
The Philippine peso closed at an 11-year low at 52.34 pesos per dollar on Monday . It ended the week at 51.89 .
The central bank chief also dispelled market concern that a cut in banks ’ reserve requirement ratio would accelerate inflation , which hit 4.0 percent in January , the highest since October 2014 .
“ What BSP is executing is just an operational adjustment that should
have a neutral effect on the monetary policy stance ,” Espenilla told reporters , calling the fears of ensuing looser monetary policy “ unfounded ”.
On Feb . 16 , the central bank cut banks ’ reserve requirement ratio by 1 percentage point to 19 percent . The rule , which will take effect in March , is expected to inject more than $ 1.5 billion in liquidity .
Dakila said latest baseline forecast show inflation for 2018 will likely reach 4.3 percent and 3.5 percent for 2019 .
“ During the last Monetary Board meeting ( December 14 , 2017 ), tax reform was not included in the baseline forecast . Now that train law has been passed , the baseline assessment now includes the TRAIN impact ,” Dakila said .
Dakila added that the continued rise in global crude oil prices and the faster outturn in January also contributed to the higher forecast .
The Monetary Board also noted that prospects for domestic activity continue to be firm on the back of robust domestic demand , manageable growth in credit and liquidity , and a sustained recovery in global economic growth .
2010 and the latter in 2008-2009 .
Ms . Siglos also helped to strengthen the profession within the Filipino-Canadian community through her work with the Association of Filipino Canadian Accountants of BC ( AFCA-BC ), a professional accounting organization she cofounded in 2008 .
In addition to her work with AFCA-BC , Ms . Siglos has served as a director and treasurer of MOSAIC , one of Canada ’ s largest settlement organizations ( 1983-1987 ), and as president of the Metropolitan Immigrant Settlement Association ( 1989-1991 ). Through her leadership , Ms . Siglos has helped many new Canadians integrate into Canadian society by supporting their learning , career growth , and network development .
Ms . Siglos is currently a director and treasurer
with the Jesuit Spirituality Apostolate of Vancouver . She also lends her expertise to the legal community as a panel adjudicator for the Law Society of British Columbia .
Quote from Lori Mathison , FCPA , FCGA , LLB , president and CEO of CPABC
“ The philanthropic work of volunteers like Thelma brings a positive impact on communities and the lives of others . She is truly deserving of this award .”
More information about the event on CPABC ’ s website : https :// www . bccpa . ca / members / recognition-program / memberrecognition-award-recipients-2017 /
AFCA-BC members during the reception : ( L-R ) Agnes Kindrachuk , Shailene Caparas , Julian Ysmael , Teresita Martires , Eloisa Peralta , Emelyn Tugade , Jannet Taruc , Rita De La Cruz .
Thelma with other CPABC Awardees WWW . PHILIPPINEASIANNEWSTODAY . COM