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The signing of Republic Act No. 11967, commonly known as the Ease of Paying Taxes (EOPT) Act, into law on January 5, 2024, serves not only to modernize the current tax administration but also to update the taxation system. It also provides a more comprehensive and streamlined process aimed at encouraging more taxpayers to pay taxes on time and foster compliance. The law will be effective on 22 January 2024.

In the wake of the global pandemic, societies and economies are fervently working towards recovery and resilience. The post-pandemic era presents a unique landscape marked by lessons learned, transformative changes, and the pursuit of a more sustainable and inclusive future.

The present global economic landscape continues to pose challenges for mid-market firms in the Philippines with 52% of business leaders identifying economic uncertainty as a significant restraint to business growth according to the latest International Business Report (IBR) conducted by Grant Thornton International.

Nowadays, it is quite common to hear stories of scandals and corporate failures such as Enron, Tyco, WorldCom, Lehman Brothers, Wirecard, and so on.

The human resources (HR) department is among the most human-centric departments in every organization, primarily focusing on supporting and developing the workforce that ensures long-term growth and viability of businesses. This is why HR is a key area where data is particularly valuable.

In the ever-changing landscape of risk management, honesty is a cornerstone principle that guides management in their pursuit to preserve and protect the value of their organisations. However, as we delve deeper into the complexities of risk management, we find that there exists a delicate balance between unabridged honesty and the pragmatic use of “limited honesty.”

We often hear these reassuring words when we go through the end of a journey. However, you can also attribute these words to the concept of Circular Economy. These words are also somehow similar to what Antonine de Lavoiser, the great chemist and mathematician in the 18th century, noted in his experiments, “Nothing is lost, nothing is created, everything is transformed” – it suggests that nothing is lost thus should undergo a transformation to be continually repurposed and reintegrated into the economy.

Environmental, Social, and Governance (ESG) principles have emerged as a transformative force in the business world since it was introduced several years ago, pushing companies to consider broader impacts beyond financial returns. It aims to create a sustainable and equitable future by addressing environmental issues, social responsibilities, and governance practices.