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SME in Focus
Retiring the king of the road
Since the end of World War II, the jeepney has been a vital cog in the country’s public transport sector. The child born of necessity–the jeepney—has also been a source of cultural pride. Hailed as a symbol of Filipino ingenuity, the jeepney has provided the artistic canvas for many a would-be muralist of the Botong school and provided an honest source of living for generations of Filipinos.
But the march of time reveals that the jeepney system has overstayed its welcome. In large metropolises, together with the two–stroke motorized trike, the public jeepney is a nuisance. The free–for–all, carefree, poorly organized jeepney system is a major cause of the monstrous gridlock, parking congestion and pollution in key cities.
There is no doubt that replacing this 20th century relic will not be easy. But planners and decision makers must begin the task of rationalizing the public transport sector.
The public requires an efficient, reliable, safe, environment-friendly and affordable mass transit system–light rail, street level, riverine–if our metropolises expect to become sources of growth and dynamism in the future.
Special Report
SBCorp hails Plantersbank as outstanding SME partner
Planters Development Bank (Plantersbank) was recently cited by the Small Business Corporation (SBCorp), the development finance institution attached to the Department of Trade and Industry.
SBCorp awarded Plantersbank the Kaakibat sa Pag–Unlad ng MSME Award for 2010 for outstanding performance under the MSME Lending Program during awarding ceremonies of the nationwide celebration of MSME Development month in July.
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Featured SME
Tentay Food Sauces
Putting patis in the global market
In 1949, an aspiring entrepreneur-housewife from Navotas named Ruperta D. Javier thought of concocting fish sauce (patis) and fish paste (bagoong) from the fish hauls in that former suburban town.
Realizing that she has developed a delicious taste for her sauces, Javier used her nickname Tentay as the product brand. As they say, the rest is history as Tentay has become a byword not only in the local but foreign market as well. Right now, Tentay Food Sauces Inc (TFSI) is present in 11 countries spanning four continents.
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Tax Calendar
2010 September
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10 Friday
Withholding Tax
Remittance of August 2010 taxes withheld (on compensation income, income payments subject expanded withholding tax and income payments subject to final withholding tax) by non-EFPS filers (BIR Form Nos. 1601C, 1601E and 1601F)
MAP
Filing of August 2010 monthly alphalist of payees for monthly remittance
return (BIR Form Nos. 1601E and 1601F) by non-EFPS filers
13 Monday
Withholding Tax
E-filing of August 2010 taxes withheld (on compensation income, income payments subject to expanded withholding tax and income payments subject to final withholding tax by EFPS filers belonging to Group E*, D* and C* (BIR Form Nos. 1601C, 1601E and 1601F)
MAP
E-filing of August 2010 monthly alphalist of payees for monthly remittance returns (BIR Form Nos. 1601E and 1601F) by EFPS filers belonging to Group E*, D* and C* |
14 Tuesday
Withholding Tax
E-filing of August 2010 taxes withheld (on compensation income, income payments subject to expanded withholding tax and income payments subject to final withholding tax by EFPS filers belonging to Group B* (BIR Form Nos. 1601C, 1601E and 1601F)
Tax on Interests
E-filing of final tax withheld on interest paid on deposits and yield on deposit substitute/trust/etc. for August 2010 transactions by EFPS filers
belonging to Groups B* (BIR Form No. 1602)
15 Wednesday
Annual Income Tax
Payment of income tax by corporations and partnerships with taxable year ended 5.31.10 (BIR Form Nos. 1702 and 1702 AIF)
SAWT
Filing of income taxpayer’s summary alphalist of withholding agents of income payments subjected to withholding taxes for the year ended 5.31.10 (as attachment to BIR Form No. 1702)
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SME Events
2010 September
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SME Power Quote
“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” – Winston Churchill |