Today's Issue
- Editor's Take
- GOOD NEWS! Congress to approve bill doubling deposit insurance coverage before Christmas break.
- Events: Briefing on Food Labelling(Friday January 16); Time Management (Monday January 19); How to Start a Business (Tuesday January 20); Food Safety (Tuesday January 20); and MS Access (Wednesday-Thursday January 21-22)
- Tax Calendar
Congress to approve bill doubling deposit insurance coverage before Christmas break.
CONGRESS has set the approval of a measure doubling the maximum deposit insurance coverage to P500,000....
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Tax Calendar
Monday 15 December - E-Filing of November 2008 taxes witheld (on compensation income, income payments subject to expanded witholding tax and income payments subject to final witholding tax) by EFPS filers belonging to Group C*, B* and A* (BIR Forms Nos 1601C, 1601E, 1601F)
Monday 15 December - E-Payment of November 2008 taxes witheld (on compensation income, income payments subject to expanded witholding tax and income payments subject to final witholding tax) by all EFPS filers (BIR Forms Nos. 1601C, 1601E, 1601F)
Source: Manabat Sanagustin & Co.
Editor's Take
Writing in the op-ed page of BusinessWorld last Thursday, DLSU Graduate School of Business professor Benel P. Lagua made a strong case why bankers should lend to mSMEs or the micro and small and medium enterprise sector.
In the light of this year’s financial turmoil, Professor Lagua correctly notes the concern that mSMEs will be unfairly knocked off the lending priorities of banking circles as he seeks to assure that a safety net is long in place.
Certainly, bankers are expected to comply with the 15-year old law mandating the allocation of loanable funds to mSMEs. But as Professor Lagua—who happens to be the president of Small Business Corporation, the state agency for SME development—powerfully asserts, bankers ought look beyond mere compliance and treat the allocation as a form of Corporate Social Responsibility.
This space has weighed in favor of progressive steps to improve the country’s business landscape, for example, a functional integrated credit information system. And so we take great interest in Professor Lagua’s recent disclosure of the mSME Exchange that is in the pipeline.
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