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Feb 03 2021 
Flexible, nimble millennials usher changes in work spaces
MILLENNIAL leadership is creating more flexible and productive workplaces, business leaders said, highlighting the changes in the organizations they help steer.
“Creativity is how (millennials) exhibit their productivity and results,” Cirtek Holdings Philippines Corp. Chief Financial Officer Brian Gregory T. Liu said at the BusinessWorld Insights event on Wednesday.
The workplace culture, Mr. Liu said, is changing,…
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Feb 03 2021 
Digital gap between rich and poor PHL cities persists
NEARLY a million Filipinos in rural areas do not have access to digital connections, as most cell towers are located in wealthy cities, according to an analysis by Asian Development Bank (ADB) and Thinking Machines Data Science, Inc.
The report was authored by Stephanie Sy, chief executive officer of Thinking Machines; Bruno Carrasco, chief of governance…
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Feb 03 2021 
CREATE now awaits Duterte’s signature
CONGRESS ratified on Wednesday the proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) law, which will cut corporate income tax (CIT), streamline fiscal incentives and ease coronavirus disease 2019 (COVID-19) vaccine importation.
The final version of CREATE will now be sent to Malacañang for President Rodrigo R. Duterte’s signature.
It will immediately slash CIT to 25%…
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Feb 03 2021 
BSP sets reporting guidelines on reclassification of debt securities
THE CENTRAL BANK released guidelines on financial reporting for banks that availed of the relief measures last year on classifying debt securities.
Memorandum M-2021-011 signed by Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G. Fonacier updated the guidelines for BSP-supervised financial institutions released April last year to allow the reclassification of investments in debt securities…
