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218th Issue Vol. 50 No. 4 Wednesday 24 December 2008


Banks remain well-capitalized — BSP

PHILIPPINE BANKS remain strong, the central bank yesterday said, which should reassure depositors shaken by the recent spate of rural bank closures and the collapse of large banks abroad.

In a statement, the Bangko Sentral ng Pilipinas (BSP) said the banking system’s capital.....

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Tax Calendar

Friday 26 December - E-Filing of Monthly VAT declarations due on November 2008 transactions where such taxpayer's fiscal quarter ends on 12.31.08 or 1.31.09 by EFPS filers belonging to Group A* (BIR Form No. 2550M)

Friday 26 December - E-Payment of Monthly VAT declarations due on November 2008 transactions where such taxpayer's fiscal quarter ends on 12.31.08 or 1.31.09 by all EFPS filers (BIR Form No. 2550M)

Friday 26 December - E-Filing of Monthly Percentage Taxdue on November 2008 transactions where such taxpayer's fiscal quarter ends on 12.31.08 or 1.31.09 by EFPS filers belonging to Group A* (BIR Form No. 2551M)

Source: Manabat Sanagustin & Co.


Editor's Take


In the Footsteps of Francis

This Christmas Eve, permit us in lieu of an editorial note, to reprint this prayer by the ascetic Francis of Assisi, the founder of the Order of the Friars Minor.

Francis, the musically inclined son of a well-to-do cloth merchant in medieval Italy, sold textiles, lived the high life, scandalized his elders by becoming a troubadour (poet and singer), and even fought and was captured in one of the little wars that raged across the Italian peninsula.

Weary of such a life, Francis then devoted himself a life of learning, simple living and preaching. Later, he traveled to the Near East, where he got on good terms with the Muslim sovereigns.

In both Egypt and the Holy Land, he went among the Muslims and was allowed by them to preach to fellow Christians. His Muslim friends gave him a prayer horn which he sounded during services. It was in Egypt where Francis is believed to have contracted the illnesses that later took toll on his health.

Like Francis let us seek to live and find joy in simplicity, to be obedient and faithful, and by doing so contribute to making this world a better place.

---oOo---

"Make me an instrument of Thy Peace! Where there is hatred, let me sow love; Where there is injury, pardon; Where there is discord, harmony; Where there is doubt, faith; Where there is despair, hope; Where there is darkness, light, and Where there is sorrow, joy.

"Oh grant that I may not so much seek to be consoled as to console; to be understood as to understand; to be loved as to love; for it is in giving that we receive; It is in pardoning that we are pardoned; and it is in dying that we are born to Eternal Life."

 

Editor

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