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An official of the Financial Executives of the Philippines (FINEX) has called for continued good practices in the financial industry to stay competitive amid the economic integration looming in South East Asia.

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                    [Title] => Citi, HSBC lead in landmark perpetual securities issue
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Citigroup and the Hongkong and Shanghai Banking Corp. (HSBC) are joint lead managers for the landmark perpetual securities issuance while Deutsche Bank acted as co-manager.

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                    [Title] => AEC to open prospects to Filipino accountants
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The ASEAN economic integration could mean Filipino accountants could practice their profession in other nations.

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                    [Title] => IFRS seminar on July 4
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Professional services firm SGV & Co. will conduct two half-day seminars on International Financial Reporting Standards (IFRS) starting July 4 at the Washington SyCip Development Center of the SGV & Co. Building I.
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                    [Title] => Security Bank nets P6.7 billion in 2011
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Security Bank Corp. registered a net income of P6.7 billion in 2011, 6.9 percent lower than the P7.2 billion realized in 2010.
                    [DatePublished] => 2012-02-02 00:00:00
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Metro Pacific Investments Corp. (MPIC), the local flagship of Hong Kong-based conglomerate First Pacific Co. Ltd. reported a core net income of P716 million in the first half of the year, more than 47 times the P15 million recorded the same period last year on the continued robust performance of its water, tollways and healthcare units.
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The Center for Global Best Practices will hold a two-day seminar on “Best practices In compliance with financial reporting standards” on Feb. 12 and 13 at the Peninsula Manila, Makati  City.
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                    [Title] => SGV to train BIR personnel on International Financial Reporting Standards
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                    [Title] => SEC finalizes rules on forex denominated financial reports
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The rules allow corporations with 70 percent of their revenues, cost and expenses paid in a currency other than the peso, to file financial reports in dollars or other foreign currencies starting Jan. 1, 2004.


The issuance of the rules is in light of the ruling issued by the Bureau of Internal Revenue (BIR) allowing companies to use dollars and Japanese yen in presenting their financial statements.


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INTERNATIONAL FINANCIAL REPORTING STANDARDS

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Citigroup and the Hongkong and Shanghai Banking Corp. (HSBC) are joint lead managers for the landmark perpetual securities issuance while Deutsche Bank acted as co-manager.

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The ASEAN economic integration could mean Filipino accountants could practice their profession in other nations.

                    [DatePublished] => 2014-12-01 00:00:00
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                    [Title] => SEC finalizes rules on forex denominated financial reports
                    [Summary] => The Securities and Exchange Commission (SEC) has finalized its rules on the submission of foreign currency denominated financial reports.


The rules allow corporations with 70 percent of their revenues, cost and expenses paid in a currency other than the peso, to file financial reports in dollars or other foreign currencies starting Jan. 1, 2004.


The issuance of the rules is in light of the ruling issued by the Bureau of Internal Revenue (BIR) allowing companies to use dollars and Japanese yen in presenting their financial statements.


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abtest

Philippine financial sector needs to adopt global standards

By Carlo S. Lorenciana | August 20, 2015 - 10:00am

An official of the Financial Executives of the Philippines (FINEX) has called for continued good practices in the financial industry to stay competitive amid the economic integration looming in South East Asia....

Freeman Cebu Business

Citi, HSBC lead in landmark perpetual securities issue

January 27, 2015 - 12:00am

Citigroup and the Hongkong and Shanghai Banking Corp. (HSBC) are joint lead managers for the landmark perpetual securities issuance while Deutsche Bank acted as co-manager.

Banking

AEC to open prospects to Filipino accountants

By Carlo S. Lorenciana | December 1, 2014 - 12:00am

The ASEAN economic integration could mean Filipino accountants could practice their profession in other nations.

Freeman Cebu Business

IFRS seminar on July 4

June 26, 2012 - 12:00am

Professional services firm SGV & Co. will conduct two half-day seminars on International Financial Reporting Standards (IFRS) starting July 4 at the Washington SyCip Development Center of the SGV & Co. Building...

Banking

Security Bank nets P6.7 billion in 2011

By Ted P. Torres | February 2, 2012 - 12:00am

Security Bank Corp. registered a net income of P6.7 billion in 2011, 6.9 percent lower than the P7.2 billion realized in 2010.

Business

MPIC first half profit surges 47 times

By Zinnia B. Dela Peña | August 11, 2009 - 12:00am

Metro Pacific Investments Corp. (MPIC), the local flagship of Hong Kong-based conglomerate First Pacific Co. Ltd. reported a core net income of P716 million in the first half of the year, more than 47 times the P15...

Business

Businessline

January 19, 2009 - 12:00am

The Center for Global Best Practices will hold a two-day seminar on “Best practices In compliance with financial reporting standards” on Feb. 12 and 13 at the Peninsula Manila, Makati City.

Business

Long-term plan needed to attract private investments in energy

By Donnabelle L. Gatdula | November 19, 2007 - 12:00am

Business

SGV to train BIR personnel on International Financial Reporting Standards

July 2, 2006 - 12:00am

Professional services firm SGV & Co. was recently selected to train the personnel of the Bureau of Internal Revenue (BIR) on International Financial Reporting Standards (IFRS). The project is funded by the United...

Business

SEC finalizes rules on forex denominated financial reports

December 15, 2003 - 12:00am

The Securities and Exchange Commission (SEC) has finalized its rules on the submission of foreign currency denominated financial reports. The rules allow corporations with 70 percent of their revenues, cost and...

Business