President's Message

George S. Chua

My Dear Friends,

It is always a pleasure for me to update you on the variety of activities I have been involved in on behalf of FINEX. First is our 7th GMM with our guest speaker Mr. Federico R. Lopez, Chairman & CEO of First Philippine Holdings Corp. and Energy Development Corp. held at the Ballroom of the Fairmont Hotel, on “Keeping Up with Climate Change: What Should Our Country Do?”


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Latest Tax and Legal Updates

"BIR Issues RMO 1-2015"

Amend certain policies, guidelines and procedures in the application and issuance ofImporter’s Clearance Certificate (ICC) / Broker’s Clearance Certificate (BCC) relative to the accreditation of Importers and Customs Brokers for purposes of expediting the processing thereof;

Amend the required documents to be submitted by applicants securing ICC/ BCC from the BIR for accreditation purposes with the Bureau of Customs (BOC).

Please consult your tax counsel for relevant interpretations.

Click Here to View the Full Article

The article is for general information only and is not intended, nor should be construed as a substitute for tax, legal or financial advice on any specific matter.

FEATURED ARTICLES
Global ending of low interest rates scenario is yet to be written
Mr Billy Cortez Billy Cortez

REPRINTED FROM BUSINESS WORLD JULY 2015 ISSUE.

As the second half of 2016 gets underway, global stocks continue to reach one new high after another and global bonds particularly sovereign bonds are doing better than expected, registering for bond investors record low yields ( bond yields move inversely to bond prices ). At times like this, how do you plan to get a good return while keeping risk at an acceptable limit? What should an investor do while markets soar far into new heights? Recent news from abroad have reported that investors are now more fixated on what could go wrong in their investment portfolio if, say, the Fed would again raise interest rates sooner than expected? Last week, local share prices closed above the 8,000 level for the first time in 15 months. The benchmark Philippine Stock Index (PSEi) advanced 73.92 points to close at 8,030.06. Elsewhere in the Asian region, Asian shares likewise exhibited strong rallies, indicative of positive sentiment to another probable round of monetary easing in Japan that could fuel similar stimulus moves from other major economies; if ever this expectation happens, it will be a significant monetary policy that will help keep yields on bonds near record lows, a major factor in equity investing,

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BARRIERS TO CFOs AS STRATEGISTS
Ms Wilma Miranda Wilma Inventor-Miranda

REPRINTED FROM IAFEI E-JOURNAL AUGUST 2015 ISSUE.

Much has been written about the need for CFOs to be strategists rather than just assuming the traditional role in this technology driven business world and a globalization that is ever-spreading as the years go by. It is not that they do not want to be strategists because most CFOs I am sure would like to grow as business partners. However to achieve this, they need to more than just being "bean counters" or the experts on tax compliance and regulations”. The need for the transformation of the CFO in this generation is more apparent now than ever. They were trained to be the champion of fiscal concerns, overseers and implementers of compliance and regulatory requirements, controllers of budget and financial reporting, etc. Now more than ever they are expected to assume several roles such as chief strategic engineer, chief technology evangelizer,
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FINEX APP
Mr Rey Lugtu

Today, the ICT Committee through the leadership of its Chair, Brian Hachez and Liaison Director Anton Mauricio is launching the FINEX Mobile App, after months of conceptualization and testing.

Thru the App, you can now be easily informed and updated on all the organization activities like, getting informed on the latest updates on meetings and events right on your smartphone. One can click “ATTEND” to be counted in, and even put the schedule on your CALENDAR.

Through the FINEX Mobile App, you can be alerted on upcoming FINEX and Committee announcements - whenever, wherever!
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UPCOMING EVENTS
2016 FINEX Golf Tour - Final Leg

At Summit Point Golf and Country Club from 10 Dec 16 07:00 AM to 10 Dec 16 08:00 AM - By Finex - Events - Details

2016 FINEX Christmas Party

At BAIC Showroom from 07 Dec 16 06:00 PM to 07 Dec 16 11:00 PM - By FINEX - Events - Details

BUSINESS ANALYTICS FOR FINANCE

At Makati Shangri-La Hotel from 29 Nov 16 08:00 AM to 29 Nov 16 12:00 PM - By FINEX - Events - Details

LGU Taxation Summit

At Dusit Thani Manila from 24 Nov 16 02:00 PM to 24 Nov 16 05:30 PM - By FINEX - Events - Details

ASEAN Economic Integration

The Financial Executives Insitute is the leading organization of CFO's in the Philippines.

The ASEAN Integration Committee leads FINEX's efforts to prepare its members, and member companies to prepare for regional economic integration.

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Prof. Dev’t. Committee Corner
The Professional Development Committee conducts events such as economic briefings, conferences, forums, and symposiums for honing the skills of its members and stakeholders in the finance profession.
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