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	<title>sarah SAAVEDRA - SONGALIA</title>
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	<link>http://sarahsongalia.com</link>
	<description>Philippine Accounting and Financial Consultant</description>
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		<title>Doing business in the Philippines this year?</title>
		<link>http://sarahsongalia.com/?p=573</link>
		<comments>http://sarahsongalia.com/?p=573#comments</comments>
		<pubDate>Fri, 16 Jul 2010 08:32:22 +0000</pubDate>
		<dc:creator>Sarah Songalia</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Consulting]]></category>
		<category><![CDATA[Life Of An Entrepreneur]]></category>
		<category><![CDATA[Tax Issues]]></category>
		<category><![CDATA[business licensing]]></category>
		<category><![CDATA[business licensing philippines]]></category>
		<category><![CDATA[business registration philippines]]></category>
		<category><![CDATA[consulting services]]></category>
		<category><![CDATA[doing business in the philippines]]></category>
		<category><![CDATA[philippine accounting]]></category>
		<category><![CDATA[philippine bpo]]></category>

		<guid isPermaLink="false">http://sarahsongalia.com/?p=573</guid>
		<description><![CDATA[In the 2010 World Competitive Yearbook (WCY), The Philippines ranked 39th among 58 countries, 4 notches higher than the previous year’s ranking, but still at the bottom of the 13 economies in the Asia-Pacific region that were included in the study. However, with the beginning of a new administrative era under newly elected President Benigno [...]]]></description>
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		</item>
		<item>
		<title></title>
		<link>http://sarahsongalia.com/?p=427</link>
		<comments>http://sarahsongalia.com/?p=427#comments</comments>
		<pubDate>Mon, 29 Mar 2010 06:20:21 +0000</pubDate>
		<dc:creator>Sarah Songalia</dc:creator>
				<category><![CDATA[About]]></category>

		<guid isPermaLink="false">http://sarahsongalia.com/?p=427</guid>
		<description><![CDATA[Sarah Songalia Accounting Group, Inc. (formerly Saavedra-Songalia &#38; Associates), aims to provide world-class Business Process Outsourcing solutions using a global delivery model that combines onshore and offshore resources. We deliver and maintain excellent services to out clients while treating our clients&#8217; data with utmost objectivity, keeping our own prejudices at bay.]]></description>
		<wfw:commentRss>http://sarahsongalia.com/?feed=rss2&amp;p=427</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Wanted: A drive for entrepreneurship among youths</title>
		<link>http://sarahsongalia.com/?p=235</link>
		<comments>http://sarahsongalia.com/?p=235#comments</comments>
		<pubDate>Tue, 29 Sep 2009 02:10:22 +0000</pubDate>
		<dc:creator>Sarah Songalia</dc:creator>
				<category><![CDATA[Life Of An Entrepreneur]]></category>
		<category><![CDATA[because you have created jobs rather than getting employed]]></category>
		<category><![CDATA[Do not be afraid to start small and then after that you can hire additional employees one by one; imagine if you are an entrepreneur and you own a small business and you can hire two people]]></category>
		<category><![CDATA[I believe]]></category>
		<category><![CDATA[inspiring the students of UST]]></category>
		<category><![CDATA[Philippine Consul Luis I. Ablaza Jr]]></category>
		<category><![CDATA[rather I competed with myself.” One also will “never go wrong by being honest]]></category>
		<category><![CDATA[that’s good already]]></category>
		<category><![CDATA[two main reasons Filipinos prefer to work abroad than in the country]]></category>
		<category><![CDATA[Wanted: A drive for entrepreneurship among youths]]></category>
		<category><![CDATA[whatever success I have today was not because I competed with my fellow officemates]]></category>
		<category><![CDATA[” he said]]></category>

		<guid isPermaLink="false">http://sarahsongalia.com/?p=235</guid>
		<description><![CDATA[“We [have] to encourage more students after graduation to go into entrepreneurship, they can create more jobs, and if there are more entrepreneurs here, there would be job appreciation or there would be jobs available. And instead of going abroad, they can instead work here,” he emphasized.]]></description>
		<wfw:commentRss>http://sarahsongalia.com/?feed=rss2&amp;p=235</wfw:commentRss>
		<slash:comments>3</slash:comments>
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		<item>
		<title>‘Doing business now harder’</title>
		<link>http://sarahsongalia.com/?p=219</link>
		<comments>http://sarahsongalia.com/?p=219#comments</comments>
		<pubDate>Thu, 10 Sep 2009 08:05:36 +0000</pubDate>
		<dc:creator>Sarah Songalia</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[and services will be delivered better because LGUs will have more funds. We want to encourage formality by simplifying regulations]]></category>
		<category><![CDATA[Doing business now harder]]></category>
		<category><![CDATA[International Finance Corp. (IFC) Doing Business 2010 Report]]></category>
		<category><![CDATA[Kim Jacinto-Henares]]></category>
		<category><![CDATA[labor becomes more protected]]></category>
		<category><![CDATA[League of Cities of the Philippines]]></category>
		<category><![CDATA[Look at other countries that get good marks]]></category>
		<category><![CDATA[Mandaluyong Mayor Benjamin Abalos Jr.]]></category>
		<category><![CDATA[Max V. de Leon]]></category>
		<category><![CDATA[More business in the formal sector helps the government in its finances because the revenue becomes predictable. It helps in consumer protection]]></category>
		<category><![CDATA[public safety can be properly taken care of]]></category>
		<category><![CDATA[senior private-sector development specialist of IFC-World Bank]]></category>
		<category><![CDATA[stay proactive and continue pushing forward. The countries that need to reform know that they need to reform and they are [reforming]]]></category>
		<category><![CDATA[Trade Undersecretary Zenaida Maglaya]]></category>
		<category><![CDATA[William Trant Beloe]]></category>

		<guid isPermaLink="false">http://sarahsongalia.com/?p=219</guid>
		<description><![CDATA[AFTER experiencing declines in nine out of 10 indicators, the Philippine ranking dropped three notches to 144 out of 183 economies in the International Finance Corp. (IFC) Doing Business 2010 Report. The Philippines, however, could be seeing an improved ranking next year after the IFC noted several positive developments in key regulations in the Philippines [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Smaller public sector deficit expected next year</title>
		<link>http://sarahsongalia.com/?p=217</link>
		<comments>http://sarahsongalia.com/?p=217#comments</comments>
		<pubDate>Thu, 10 Sep 2009 07:55:05 +0000</pubDate>
		<dc:creator>Sarah Songalia</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[and the Land Bank of the Philippines]]></category>
		<category><![CDATA[Bangko Sentral ng Pilipinas (BSP)]]></category>
		<category><![CDATA[Central bank]]></category>
		<category><![CDATA[Finance department]]></category>
		<category><![CDATA[Finance Undersecretary Gil S. Beltran]]></category>
		<category><![CDATA[financial institutions the Development Bank of the Philippines]]></category>
		<category><![CDATA[global financial meltdown]]></category>
		<category><![CDATA[National Government]]></category>
		<category><![CDATA[Philippine Health Insurance Corp]]></category>
		<category><![CDATA[Smaller public sector deficit expected next year]]></category>
		<category><![CDATA[Social security institutions]]></category>
		<category><![CDATA[tax collections]]></category>
		<category><![CDATA[Trade and Investment Development Corporation of the Philippines]]></category>

		<guid isPermaLink="false">http://sarahsongalia.com/?p=217</guid>
		<description><![CDATA[THE PUBLIC SECTOR will incur a P210.2-billion deficit next year, 10% less than this year’s program of P233.9 billion, as tax collections improve amid an economic recovery, Finance department data given to reporters yesterday showed. Next year’s consolidated public sector deficit — the combined shortfalls of the National Government, state-run firms and local governments — [...]]]></description>
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		</item>
		<item>
		<title>BSP sees low interest rates till 2010</title>
		<link>http://sarahsongalia.com/?p=214</link>
		<comments>http://sarahsongalia.com/?p=214#comments</comments>
		<pubDate>Tue, 18 Aug 2009 08:06:07 +0000</pubDate>
		<dc:creator>Sarah Songalia</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[and to settle maturing obligations.  The government has completed its foreign commercial borrowings for this year although it was still continuing with its domestic borrowings through the weekly aucti]]></category>
		<category><![CDATA[as far as central bank estimates showed. Given that the domestic and global economies would still be soft next year]]></category>
		<category><![CDATA[BSP sees low interest rates till 2010]]></category>
		<category><![CDATA[corporate entities from the private sector need not worry about speculation that interest rates would spiral next year with the national elections coming.  BSP Governor Amando Tetangco Jr. said inflat]]></category>
		<category><![CDATA[if because of elections alone]]></category>
		<category><![CDATA[interest rates would remain relatively low next year.  Given this]]></category>
		<category><![CDATA[likely to be equivalent to 2.8 percent of gross domestic product]]></category>
		<category><![CDATA[so will demand and inflation.  Tempered inflation will not give much reason for bond investors to seek much higher yields from government securities and corporate bonds.  “Our studies show that electi]]></category>
		<category><![CDATA[Tetangco said that history would show that interest rates have not significantly increased just because of elections.  Some economic managers also said investors were already used to Philippine politi]]></category>
		<category><![CDATA[THE BANGKO SENTRAL NG PILIPINAS has expressed confidence that even with the 2010 elections]]></category>
		<category><![CDATA[the BSP said there was no pressure for the national government to do a pre-funding this year for its 2010 national budget requirements. In the same way]]></category>
		<category><![CDATA[the government will need to borrow to plug an estimated budget deficit of P233 billion]]></category>
		<category><![CDATA[they continued to enjoy doing business in the country because of a robust consumer spending.  Finance Secretary Margarito Teves said in a roundtable discussion with Inquirer reporters and editors last]]></category>
		<category><![CDATA[we don’t anticipate interest rates [to] move much]]></category>
		<category><![CDATA[” Tetangco told reporters.  Although the usual expectation is that elections tend to spook investors and encourage them to seek higher risk premiums]]></category>

		<guid isPermaLink="false">http://sarahsongalia.com/?p=214</guid>
		<description><![CDATA[THE BANGKO SENTRAL NG PILIPINAS has expressed confidence that even with the 2010 elections, interest rates would remain relatively low next year. Given this, the BSP said there was no pressure for the national government to do a pre-funding this year for its 2010 national budget requirements. In the same way, corporate entities from the [...]]]></description>
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		</item>
		<item>
		<title>A true Rags-to-Riches tale: Turning ‘retaso’ to high fashion (and empowering women while at it)</title>
		<link>http://sarahsongalia.com/?p=212</link>
		<comments>http://sarahsongalia.com/?p=212#comments</comments>
		<pubDate>Tue, 18 Aug 2009 07:30:13 +0000</pubDate>
		<dc:creator>Sarah Songalia</dc:creator>
				<category><![CDATA[Life Of An Entrepreneur]]></category>
		<category><![CDATA["One particular Nanay said during our first product launch last 2007: ‘Dati inaapakan lang ang gawa ko]]></category>
		<category><![CDATA["Rajo has been a very good partner. He is actually the pioneer designer who believed in the cause of Rags2Riches. He is indeed]]></category>
		<category><![CDATA["Yes]]></category>
		<category><![CDATA[a kind-hearted]]></category>
		<category><![CDATA[A true Rags-to-Riches tale: Turning ‘retaso’ to high fashion (and empowering women while at it)]]></category>
		<category><![CDATA[and also give the wearer a comfy shoulder strap. Heavy loads like groceries can now be lugged more stylishly (and more conscientiously) thanks to these Eco-chic bags.  Each Eco-chic bag retails for P6]]></category>
		<category><![CDATA[and can be bought exclusively at the Eastwood Mall Concierge. Only 500 pieces of these bags were made]]></category>
		<category><![CDATA[and continues to be a true-to-life story. It’s one tale that stays true to its thesis of "creating a social statement in style." And it’s a story that should continue to be written.]]></category>
		<category><![CDATA[and Mark Ruiz]]></category>
		<category><![CDATA[and Rodney Laurel]]></category>
		<category><![CDATA[and the rest as the fairy godmothers to the 21st-century Cinderellas of Payatas. But thankfully]]></category>
		<category><![CDATA[And these women include Ate Ning. A real story of empowerment]]></category>
		<category><![CDATA[and this value extends not just in the bags]]></category>
		<category><![CDATA[and very passionate Rags2Riches advocate."  And if the likes of Ate Ning have surely been changed by R2R]]></category>
		<category><![CDATA[Angeline]]></category>
		<category><![CDATA[Anita Magsaysay-Ho]]></category>
		<category><![CDATA[Ateneo de Manila University]]></category>
		<category><![CDATA[Bam Aquino]]></category>
		<category><![CDATA[Benedicto "Bencab" Cabrera and Amina Aranaz-Alunan]]></category>
		<category><![CDATA[but in the feeling of self-worth of the Payatas women.  One could say that Rajo has been empowering women for most of his life. Every design he does is a reflection of the woman’s character but magnif]]></category>
		<category><![CDATA[could come from our perceived greatest problems and irritations."  In this rags-to-riches tale]]></category>
		<category><![CDATA[Dr. Protacio]]></category>
		<category><![CDATA[each item comes with a card with the name of the R2R team member who made it.  And as Reese proudly shares]]></category>
		<category><![CDATA[especially my perspective on problems and opportunities. Now]]></category>
		<category><![CDATA[even Reese]]></category>
		<category><![CDATA[great things]]></category>
		<category><![CDATA[has seen a turnaround in herself]]></category>
		<category><![CDATA[hawak na ng mga model."  Truly]]></category>
		<category><![CDATA[he has extended his magical touch to R2R. Reese only has kind words to say for Laurel]]></category>
		<category><![CDATA[I start looking for opportunities around. The success and success stories of Rags2Riches remind me ever so often that the revolutionary]]></category>
		<category><![CDATA[instead of getting depressed with the problems of the country]]></category>
		<category><![CDATA[its founder]]></category>
		<category><![CDATA[Management Committee of Rags2Riches]]></category>
		<category><![CDATA[Mark]]></category>
		<category><![CDATA[Memey]]></category>
		<category><![CDATA[Memey Mendoza]]></category>
		<category><![CDATA[Meryll Yan]]></category>
		<category><![CDATA[more mysterious]]></category>
		<category><![CDATA[ngayon]]></category>
		<category><![CDATA[ngeline Benavides-Bulan]]></category>
		<category><![CDATA[one may call the team of Reese]]></category>
		<category><![CDATA[or both. And so you step out on your big day feeling every stitch a woman. Thankfully]]></category>
		<category><![CDATA[ordinary-but-heroic women of Payatas]]></category>
		<category><![CDATA[Philippine society]]></category>
		<category><![CDATA[Rags2Riches (R2R)]]></category>
		<category><![CDATA[Rags2Riches has changed me]]></category>
		<category><![CDATA[Rajo]]></category>
		<category><![CDATA[Rajo Laurel]]></category>
		<category><![CDATA[Raymond Isaac]]></category>
		<category><![CDATA[Reese Fernandez]]></category>
		<category><![CDATA[retaso are turned into beautiful rosette patterns and weaved into summer bags worthy of the beaches of Palawan and Kota Kinabalu]]></category>
		<category><![CDATA[rown to include the likes of Jenni Epperson]]></category>
		<category><![CDATA[she is now one of the leaders of Rags2Riches community and R2R has enabled her family to get the extra income that they need to be able to improve their lives.  Proof of the climactic heights these wo]]></category>
		<category><![CDATA[so do not be surprised if they have run out by now. Yet more than the price]]></category>
		<category><![CDATA[social enterprise]]></category>
		<category><![CDATA[social entrepreneurship]]></category>
		<category><![CDATA[social problem was just so scandalous for all of us that we decided to get together and do something about it]]></category>
		<category><![CDATA[team of young professionals such as Maan Lim]]></category>
		<category><![CDATA[the R2R business has added value to the chain]]></category>
		<category><![CDATA[the true value of the bag lies in the woman who created it. And true enough]]></category>
		<category><![CDATA[these bags are made of sturdy canvas held up by macrame handles made of T-shirt scraps. These macrame handles provide that shot of color to the bag]]></category>
		<category><![CDATA[this was not a fairy tale]]></category>
		<category><![CDATA[Timi Gomez. R2R also found its first benefactors in Jeremy Kho]]></category>
		<category><![CDATA[Timothy Agulto]]></category>
		<category><![CDATA[very talented]]></category>

		<guid isPermaLink="false">http://sarahsongalia.com/?p=212</guid>
		<description><![CDATA[Rajo Laurel’s clientele would look like a character study on the who’s who of Philippine society. Yet now, Rajo Laurel also counts a different kind of woman as his partners and they are the ordinary-but-heroic women of Payatas. In 2007, Rags2Riches (R2R) was formed by a crew of young professionals seeking to turn &#8220;social entrepreneurship&#8221; [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bibingkinitan experience in balancing growth</title>
		<link>http://sarahsongalia.com/?p=208</link>
		<comments>http://sarahsongalia.com/?p=208#comments</comments>
		<pubDate>Tue, 11 Aug 2009 07:46:23 +0000</pubDate>
		<dc:creator>Sarah Songalia</dc:creator>
				<category><![CDATA[Life Of An Entrepreneur]]></category>
		<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Association of Filipino Franchisers Inc (AFFI)]]></category>
		<category><![CDATA[beginning with the development of a concept all the way down to product development]]></category>
		<category><![CDATA[bibingka-loving Pinoys]]></category>
		<category><![CDATA[Bibingkinitan]]></category>
		<category><![CDATA[Bibingkinitan experience in balancing growth]]></category>
		<category><![CDATA[budding entrepreneurs]]></category>
		<category><![CDATA[business professionally]]></category>
		<category><![CDATA[costing]]></category>
		<category><![CDATA[easiest ways to go into business]]></category>
		<category><![CDATA[Entrepreneur Magazine]]></category>
		<category><![CDATA[Filipino entrepreneurs]]></category>
		<category><![CDATA[Franchisees of Bibingkinitan]]></category>
		<category><![CDATA[franchises offer a market-tested concept]]></category>
		<category><![CDATA[franchising route]]></category>
		<category><![CDATA[Good Manufacturing Practices (GMP)]]></category>
		<category><![CDATA[Hazard Analysis and Critical Control Points (HACCP)]]></category>
		<category><![CDATA[monitor operations and provide optimal support for the operations of its franchisees]]></category>
		<category><![CDATA[operational systems]]></category>
		<category><![CDATA[operations]]></category>
		<category><![CDATA[Pinoy buyers]]></category>
		<category><![CDATA[planning and study]]></category>
		<category><![CDATA[pocket-friendly prices]]></category>
		<category><![CDATA[products and operations for the benefit]]></category>
		<category><![CDATA[promote entrepreneurship]]></category>
		<category><![CDATA[resident and chief executive officer of Food Asia Corp]]></category>
		<category><![CDATA[Richard Sanz]]></category>
		<category><![CDATA[SAP Enterprise Resource Planning Software]]></category>
		<category><![CDATA[service and marketing]]></category>
		<category><![CDATA[Starting out a business is not easy]]></category>

		<guid isPermaLink="false">http://sarahsongalia.com/?p=208</guid>
		<description><![CDATA[For budding entrepreneurs, one of the easiest ways to go into business is through the franchising route. Starting out a business is not easy. It entails a lot of planning and study, beginning with the development of a concept all the way down to product development, operations, costing, service and marketing, to name a few. [...]]]></description>
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		</item>
		<item>
		<title>Subsidies to help SMEs survive crisis</title>
		<link>http://sarahsongalia.com/?p=204</link>
		<comments>http://sarahsongalia.com/?p=204#comments</comments>
		<pubDate>Tue, 04 Aug 2009 05:03:07 +0000</pubDate>
		<dc:creator>Sarah Songalia</dc:creator>
				<category><![CDATA[Life Of An Entrepreneur]]></category>
		<category><![CDATA[2009 UPS Asia Business Monitor]]></category>
		<category><![CDATA[Another challenge is the high cost to access raw materials and inputs because of the general problem of sourcing and transporting raw materials]]></category>
		<category><![CDATA[credit lines and preferential credit]]></category>
		<category><![CDATA[economist at the University of Asia and the Pacific]]></category>
		<category><![CDATA[International Labor Organization (ILO)]]></category>
		<category><![CDATA[it recommended the provision of fiscal stimulus packages]]></category>
		<category><![CDATA[lending to SMEs may not improve unless policies are directed specifically toward their needs]]></category>
		<category><![CDATA[Philippine economy]]></category>
		<category><![CDATA[President Gloria Arroyo’s Medium Term Philippine Development Plan 2004 to 2010]]></category>
		<category><![CDATA[Providing subsidies like reduction in taxes]]></category>
		<category><![CDATA[Rafaelita Aldaba]]></category>
		<category><![CDATA[Rafaelita Aldaba of the Philippine Economic Society]]></category>
		<category><![CDATA[reduction in taxes and wage subsidies]]></category>
		<category><![CDATA[small and medium enterprises (SMEs) weather the global economic crisis]]></category>
		<category><![CDATA[SME Unified Lending Opportunities for National Growth (SULONG) program]]></category>
		<category><![CDATA[Subsidies to help SMEs survive crisis]]></category>
		<category><![CDATA[such as providing credit guarantees]]></category>
		<category><![CDATA[The ILO said that to help SMEs weather the global crisis]]></category>
		<category><![CDATA[The main reason for government-backed credit guarantees is that while cash injections to banks may help alleviate the overall credit crunch]]></category>
		<category><![CDATA[Victor Abola]]></category>

		<guid isPermaLink="false">http://sarahsongalia.com/?p=204</guid>
		<description><![CDATA[Providing subsidies like reduction in taxes and easy access to credit lines will help small and medium enterprises (SMEs) weather the global economic crisis, according to economists. SMEs, which represent 99.6 percent of all businesses registered in the country, are vital to the Philippine economy. They employ about 70 percent of the labor force. Victor [...]]]></description>
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		</item>
		<item>
		<title>Ayala Land sees lower profits for Q1</title>
		<link>http://sarahsongalia.com/?p=139</link>
		<comments>http://sarahsongalia.com/?p=139#comments</comments>
		<pubDate>Thu, 02 Apr 2009 05:21:00 +0000</pubDate>
		<dc:creator>Sarah Songalia</dc:creator>
				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[" he said.]]></category>
		<category><![CDATA[about 22 percent of ALI's sales came from the overseas Filipino segment.]]></category>
		<category><![CDATA[ALI president Jaime Ayala]]></category>
		<category><![CDATA[ALI's chief finance officer Jaime Ysmael]]></category>
		<category><![CDATA[Ayala Land sees lower profits for Q1]]></category>
		<category><![CDATA[Ayala said its residential segment has been hit hardest by the global slowdown because most of its business has been coming from overseas Filipinos primarily from crisis-stricken North America. In 200]]></category>
		<category><![CDATA[crisis-stricken North America]]></category>
		<category><![CDATA[Doris Dumlao]]></category>
		<category><![CDATA[global crisis]]></category>
		<category><![CDATA[global financial markets]]></category>
		<category><![CDATA[In the first three months of this year]]></category>
		<category><![CDATA[net profits]]></category>
		<category><![CDATA[Property giant Ayala Land Inc]]></category>
		<category><![CDATA[residential property business]]></category>
		<category><![CDATA[significant transaction]]></category>
		<category><![CDATA[so expect this quarter to be effectively lower .... It's a significant transaction. We booked something like P600-P700 million in net capital gain in March 2008. It will be difficult to match that]]></category>
		<category><![CDATA[Ysmael said net profits would not likely match the level in 2008 because of a big non-recurring gain booked from the sale of a prime lot in Valero St. in Makati in 2008.  "So that will not be there th]]></category>

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		<description><![CDATA[MANILA, Philippines &#8212; Property giant Ayala Land Inc. is expecting its first quarter net profits to be lower than the level a year ago but still ahead of its expectations although the global crisis has weighed down the residential property business, especially the upscale segment. In a briefing after the company&#8217;s stockholders’ meeting on Tuesday, [...]]]></description>
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