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In this issue

SME in Focus

Ratings war, scoops and relevance

The media is labeled as the Fourth Estate for nothing. It exerts a very big influence in the social fabric of the citizens and the country. In a Bond movie, the British super spy quipped that media organizations can topple governments in a single headline.

Recent developments have indicated that the behavior of Philippine media needs to change to become a more relevant and in depth. Because of the ratings war, the general direction of the covering news and events is anchored on sensationalism and the scoop mentality. It is not surprising these days for local networks to highlight stories related to show business, crimes and accidents as banner stories for the day. This results in developing the non-formation of a critical and analytical mind among the citizenry.

Instead of scoops, news organization must provide more depth to their stories so they can enlighten the people about the burning issues of the day. Instead of telling the people on the burning issues of the day such as the impact of climate change on the wheat and rice harvest abroad on the small and medium enterprises and consumers, the networks were busy highlighting the people about the botox treatment of a teenage singing sensation.

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Special Report

Plantersbank hosts Indonesia good governance mission

Planters Development Bank (Plantersbank), in cooperation with the Association of Development and Finance Institutions in Asia and the Pacific (ADFIAP), recently facilitated in the training of the Indonesian Ministry of Public Works inspector–general’s office in risk-based internal auditing practices and its applications in the Philippines.

The Indonesian mission’s visit, under the auspices of the Australian–funded Indonesia Infrastructure initiative program, was aimed to make the Indonesian government at par with the with global auditing standards, according to a statement released by the PDB–FMO Development Center, the training arm of Plantersbank, the country’s premier small and medium enterprise finance bank.

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SME TechZone

Get Your Business Listed Online

In the pre-internet age, the yellow pages and other local business directories were good platforms for businesses to advertise for exposure to the market. The shift has been online because more and more people are using the internet nowadays.

If your company is not listed on one or more of these business directories, you could be losing your market share and pushing your business to oblivion.

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Featured SME

Tuloy Foundation Inc.

Empowering the future generation

Tuloy Foundation Inc., under the leadership of its president and project director Father Marciano “Rocky” Evangelista SDB, has become a beacon of hope and transformation of street children for their future.

Asked often why he chose advocating the cause of street children, Father Evangelista replied that they have also devastated lives just like the dying, handicapped people and victims of calamities. Furthermore, time is of the essence in saving them because their wounds get deeper if they stay longer in the streets.

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Tax Calendar

2010 October

12 Tuesday
Withholding Tax
E-filing of September 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 D* (BIR Form Nos. 1601C, 1601E and 1601F

13 Wednesday
Withholding Tax
E-filing of September 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 C* (BIR Form Nos. 1601C, 1601E and 1601F)

14 Thursday
Withholding Tax
E-filing of September 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)

15 Friday

Annual Income Tax
Payment of income tax by corporations and partnerships with taxable year ended 6.30.10 (BIR Form Nos. 1702 and 1702 AIF)

18 Monday

SEC
Filing of annual audited financial statements by securities brokers with taxable year ended 6.30.10

20 Wednesday

Monthly Percentage Tax
Remittance of monthly percentage tax due on September 2010 transactions for the quarters ended 10.31.10 or 11.30.10 by non-EFPS filers (BIR Form No. 2551M)

22 Friday

Monthly VAT
E-filing of monthly VAT declarations due on September 2010 transactions where such taxpayer’s fiscal quarter ends on 10.31.10 or 11.30.10 by EFPS filers belonging to Group D* (BIR Form No. 2550M)

25 Monday

Quarterly VAT
Filing and remittance of tax due for the quarter ended 9.30.10 by all types of taxpayers, EFPS and non-EFPS filers (BIR Form 2550Q)

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SME Events

2010 October

14 Thursday - 15 Friday
Management of Food Safety

19 Tuesday
Basic MS Publisher 2007

21 Thursday
Cleaner Production

26 Tuesday - 27 Wednesday
Web Design Using Adobe Photoshop

27 Wednesday
Marketing Warfare

28 Thursday
Basic MS PowerPoint 2003

   

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SME Power Quote

“There is no such thing as overnight success or easy money. If you fail, do not be discouraged; try again. When you do well, do not change your ways. Success is not just good luck: it is a combination of hard work, good credit standing, opportunity, readiness and timing. Success will not last if you do not take care of it.” – Henry Sy, SM Investments Corp

SME Products and Services

SME Directory Listing

An effective way to promote, position and package your business.

Timekeeping SME

Biometric technology that guarantees employee recognition in the workplace.

Web Design & Development

An all-in-one service that fits your need to do business online.

eCommerce Enablement

A fully-functional business online is achievable through the site's eCommerce capability.

For inquiries, please call us at +632 8137.082 or +632 8847.600 locals 3012 or 3021. You may also email us at info@sme.com.ph.