Today's Issue
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Editor's Take: Diaspora and Development
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Article: Have an Organized Work Place– Develop your Business Policies
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Tax Calendar
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Events: Time and Motion Study (July 30 to 31), Food Branding as a Marketing Tool (August 2) Effective Market Niching for Better Sales (August 2), 2007 Exhibit on Rural Electrification and 28th PHILRECA Membership Meeting (August 2 to 3) Finding the Right Market for the Right Product (August 3) more events
Article: Have an Organized Work Place– Develop your Business Policies
In order to maintain an organized work place, you need to develop and enforce policies to ensure safety, empowered and nondiscriminatory work place. The policies will serve as a guide to all your employees and the board of trustees. But how do you develop and implement your rules and regulations? Here are some basic tips:
Think ahead. Make sure, as you start your own business, you already have in your mind the necessary policies that you will implement to your employees. Preparing your guidelines will help you avert crises and awkward situations that will affect your business, it will also help you to solve the problems easily as it arouse.
Determine what policies you need. Once you already have a general idea of what policies to implement, work on it further and determine what will best fit your company’s needs.
To view all the forms, click here!
Tax Calendar
July 30 - Last day of
e-Filing/Filing & e-Payment/Payment for 1702Q ITR by taxpayers on FY accounting period for TQ ended May 2007
e-Submission/Submission of list of sales/purchases by VAT-registered taxpayers (EFPS) for TQ ended June 2007; Inventory list for FY ended June 2007; SEC - AFS for FY ended March 2007 by corporations whose securities are not registered under RSA or SRC
July 31 Last day of
Remittance for HDMF -M1-1 contribution by employers whose names start with letters R to Z for June 2007
August 2 Last day of
Filing of engagement letters and renewals or subsequent agreements for financial audit by independent CPAs for FY beginning October 2007
Source: Punongbayan & Araullo
Editor's Take
Diaspora and Development
In a recent meeting of development managers and finance practitioners, participants felt that the country's economic growth has been consumer-driven and speculative to an extent.
This type of growth, buoyed by remittances from overseas Filipinos, was thought to fall short of meeting the requirements to sustain overall development.
One in every 10 Filipinos has left to seek better fortune abroad. This diaspora is a massive drain in terms of human skill and talent, which a developing country should be willing to undertake as a transitional measure in the march to development.
However, we should be gravely concerned when a new generation of Filipinos, educated through the hard labor and sacrifice of family members working abroad, are themselves preparing to leave these shores in turn.
It is a paradox that while the market has become borderless, countries are raising barriers on the movement of people. In fact, the opportunities for most Filipino migrant workers are not as good as they were at the beginning of the diaspora.
We must be prepared for the day when the barriers finally come down on migration. It is time to set our sights on mobilizing the pool of remittances from Filipinos abroad and absorbing their cosmopolitan experiences to create entrepreneurial capital and entrepreneurial culture for the country.
By developing a wide and robust entrepreneurial base, capable of building and directing local industries that are competitive, guided by global best practices and responsive to market forces, shall growth be sustainable achieved and prosperity and opportunity made available for all.
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
A Special Invitation
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