Today's Issue
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Editor's Take: Information as Currency
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Featured SME: Dental Spa Manila
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Tax Calendar
Featured SME
Dentistry – A True Service
Do you get scared when you visit your dentist? Do you feel queasy whenever you see posters with dentures, rotten teeth, swelling gums and other dental? Do you feel nervous when sitting on a dental chair? If you do, then you might have dentophobia. If you experience this kind of fear, visiting Dental Spa Manila is the best solution for you.
Once you enter Dental Spa Manila’s cozy clinic, the aroma of Eucalyptus and the sound of the flowing water from a wooden fountain will welcome you. The cheerful staff will then serve you a drink and give you a pair of comfortable slippers. In an instant, you’ll feel light, serene and relaxed.
To read more, click here!
Tax Calendar
August 20 Last day of Filing & Payment of 2550 M & 2551M - VAT & PT for July 2007 (non-EFPS taxpayers); e-Filing/Filing & e-Payment/Payment of 2551Q of PT for TQ ended July 2007.
August 22 Last day of e-Filing of 2550M & 2551M of VAT & PT for July 2007 (Groups D & E)
August 23 Last day of e-Filing of 2550M & 2551 of VAT & PT for July 2007 (Group C)
August 24 Last day e-Filing of 2550M & 2551M of VAT & PT for July 2007 (Group B)
Source: Punongbayan & Araullo
Editor's Take
Information as Currency
At a time when information literally is money, the recent proposal to establish a unified credit information bureau for the country is welcome news.
In our opinion, a national credit information bureau is a much needed boost for both lenders and borrowers, especially in the Small and Medium Enterprise (SME) market.
The number of credit information bureaus in the country today is few and their coverage is limited. And while funds exist, the lack of an integrated database that allows lenders to distinguish between those financially faithful and those who are poor risks contributes to the extra tight credit regime for SMEs.
Of course, lenders cannot all be faulted for expensive credit fees, lengthier processes and the lower probability that a small enterprise gets a loan. These stem from the greater business risks lenders have to shoulder.
Financial institutions are investing heavily to improve their own loan processes. And yet these can only do so much to lower costs, cut process time and improve chances of approvals for SME borrowers. The rapid growth and sophistication of SMEs in the country is proving that the old regime cannot suffice to meet the demands of the future.
The absence of accurate credit scores has bedeviled the market for too long. It’s high time the country put a functional unified credit information database in place.
Time is gold and information is money. Lenders and SMEs can’t afford to squander both.
What's your take on this? We want to hear from you! Click here and participate in the discussion.
Russelle S. Trinidad
SME BizLink Editor
