2024

SGV Tax Leader Atty. Fabian “Fame” K. Delos Santos, SGV Tax Partner Atty. Betheena C. Dizon, and Global Compliance and Reporting (GCR) Senior Director Mary Grace N. Cabalida were resource speakers at the Philippine Association of Service Exporters, Inc. (PASEI) briefing for the EduTraining Series #1. The event was recently held at the SGV Makati office. It aimed to enhance the understanding of BIR Audit Preparation and the provisions of the newly enacted Ease of Paying Taxes (EOPT) Law for PASEI's members. SGV Tax Partner Atty. Betheena C. Dizon and SGV Tax Leader Atty. Fabian K. Delos Santos (center) with PASEI members PASEI Chairman Emeritus Edwina L. Beech opened the event. This was followed by PASEI Corporate Secretary Dr. Cristina Castañeda’s introduction of the SGV Team.  Atty. Fame discusses BIR Audit preparation Atty. Fame discussed common issues and strategies for handling BIR Audits, while BCD discussed the provisions and recent tax developments in Republic Act No. 11976 or the Ease of Paying Taxes (EOPT) Law. Atty. Beth was joined by GCR Senior Director Mary Grace N. Cabalida.  Atty. Beth talks about the EOPT Law and relevant recent tax developments Business Tax Associate Director Atty. Tracie Kathlynne B. Bacarro hosted the event. Several GCR Senior Associates were also present. PASEI President Raquel E. Bracero delivered the closing remarks. The resource speakers received certificates of appreciation and attendees were handed participation certificates as part of the closing ceremony.

Financial Services Organization (FSO) Senior Associate Jennifer A. Climaco is now a certified Project Management Professional (PMP). Jennifer received confirmation from the Project Management Institute (PMI) in December 2023 that after completing a series of courses, trainings, and practice exams, she has now met all requirements for PMP certification. FSO Senior Associate Jennifer A. Climaco, CPA, CLSSGB, PMP The PMP credential validates that its bearers have project management proficiency, real-world project leadership experience, and sound professional ethics. Covering distinct areas such as initiating, planning, executing, monitoring and controlling, and closing a project, the examination tests one's proficiency in managing people, processes, and business priorities in any industry or methodology.  Congratulations, Jennifer!

Strategy and Transactions (SaT) Associate Khylie Anne C. Nicolasora passed the Certified Management Accountant (CMA) exam. She successfully completed both parts of the CMA exam during the following testing periods: May-June 2023 (Part 1) and September-October 2023 (Part 2). The results were announced on 7 March 2024. SaT Associate Khylie Anne C. Nicolasora, CPA, CMA The CMA title is a credential that represents enhanced expertise in areas of accounting and finance, with competencies in strategic thinking, business analysis, and leadership. It is offered by the Institute of Management Accountants (IMA).  Congratulations, Khylie!

SGV Senior Advisor and former Secretary of Foreign Affairs of the Philippines and former Ambassador Delia Domingo Albert was conferred the Romanian National Order of Merit with the Grade of Commander. President Klaus Werner Iohannis of Romania granted this honor in acknowledgment of Ambassador Delia's 50-year career in diplomacy and her pivotal role in peacebuilding initiatives.  Ambassador Delia Domingo Albert (right) receives Romanian National Order of Merit with the Grade of Commander Ambassador Delia served as the chair of the UN Security Council in 2004 and championed the contribution of women to peacebuilding processes. She has also consistently advocated for women in leadership roles while breaking barriers throughout her career. She stands as a role model for women diplomats worldwide and continues to pave the way for younger generations. This conferment underscores her role in strengthening international relations while highlighting the importance of diversity in diplomacy. Congratulations, Ambassador Delia!

SGV was one of the newest corporate members inducted during the 2024 annual Supply Chain Outlook event organized by the Supply Chain Management Association of the Philippines (SCMAP). SGV Business Consulting Partner Jan Ray G. Manlapaz and Senior Manager Mary Andrea T. Bacani, rom the Supply Chain and Operations (SCO) consulting practice, represented the Firm during the event held at the Symphony Ballrooms of the Westin Manila in Mandaluyong City. They were also joined by SCO Manager Evelyn B. Yamzon during the event.  SGV Business Consulting Partner Jan Ray G. Manlapaz (third from right) represents SGV during the induction of SCMAP corporate members Aside from the induction of corporate members, the event also featured discussions on trends and developments that will impact the supply chain sector in 2024. This included insights from speakers such as Department of Trade and Industry (DTI) Undersecretary Mary Jean Pacheco, who focused on applying a supply chain lens to regional industry issues; Philippine Retailers Association President Roberto Claudio Sr., who gave an overview of the country's retail sector; and Research, Education, and Institutional Development (REID) Foundation's Ronilo Balbieran, who presented his economic outlook for the year. SCMAP members also talked about the organization’s upcoming initiatives and activities. Newly inducted SCMAP corporate members’ representatives The SCMAP is a premier organization representing the country's supply chain industry. It advocates for industry enhancement, communicates relevant developments, and educates practitioners, all with a vision of driving the global competitiveness of the Philippine supply chain sector.

SGV Global Compliance and Reporting (GCR) Partner Josenilo G. Mendoza and his team conducted a tax updates session for clients at the SGV Makati office. They discussed changes provided for under the new Ease of Paying Taxes (EOPT) Act and other relevant Bureau of Internal Revenue (BIR) issuance updates to help clients prepare for the impact of the tax updates.   Nilo (left) and Fatma (right) during their respective discussions SGV Tax Leader Atty. Fabian “Fame” Delos Santos gave the welcome remarks. He also briefly discussed the current and anticipated changes in the country’s tax environment. Atty. Fame delivers his welcome remarks Tax updates session participants Nilo and GCR Senior Manager Fatma Aleah A. Datukon facilitated the technical discussions on the new EOPT Act provisions and other relevant tax updates, respectively. They also answered questions on their respective topics and entertained more questions from the participants during the question-and-answer portion.

SGV Global Compliance and Reporting (GCR) Partner Michael A. Madlangbayan was the resource speaker at the SGV Tax Basics Seminar (Tax BaSe) workshop on Income Tax Computation and Return Preparation held at the SGV Clark office. Michael at the SGV Tax BaSe workshop Michael discussed basic and updated income tax concepts, including guidance on the computation, filing and payment, substantiation/documentation, and administrative requirements. Leo (left) and Michael (right) during the Q&A session Atty. Margaux delivers the closing remarks Michael was also joined by GCR Partner Hentje Leo L. Leaño in the question-and-answer session. SGV Clark Partner-in-Charge and Head Atty. Margaux A. Advincula delivered the closing remarks. GCR Senior Manager Atty. Jan Kriezl M. Catipay facilitates polling questions The session was hosted by GCR Senior Manager Atty. Jan Kriezl M. Catipay, who also facilitated the Q&A session and knowledge checks during the discussion through a series of polling questions. Participants during the practical exercises The workshop was held to prepare participants for the Annual Income Tax Return filing deadline on 15 April 2024. The workshop registered the highest number of attendees in the Tax BaSe series in SGV Clark this fiscal year.

SGV Climate Change and Sustainability Services (CCaSS) Partner Benjamin “Benjie” N. Villacorte spoke at an event on Understanding Sustainability in Business at De La Salle University Laguna on 20 March 2024. Among the topics covered in Benjie’s talk were the practices of various industries engaged in sustainability initiatives. Benjie at the DLSU Laguna Campus lecture on sustainability DLSU Laguna Campus Vice President and Dean of the School of Innovation and Sustainability Dr. Jonathan Dungca delivered the opening remarks, focusing on the opportunities among students and faculty in the field of sustainability.  DLSU Senior Vice President for Finance and Administration and SGV alumnus Dr. Rufo Mendoza DLSU Senior Vice President for Finance and Administration and SGV alumnus Dr. Rufo Mendoza was the keynote speaker for the event. He gave an overview of his book Understanding Sustainability in Business. The book was produced with the assistance of the SGV Foundation (SGVF). Dr. Mendoza also explained the pillars of sustainability and approaches.

SGV Vice Chair and Deputy Managing Partner Maria Vivian C. Ruiz and SGV Climate Change and Sustainability Services (CCaSS) Partner Benjamin N. Villacorte, along with other members of the Makati Business Club (MBC), met with Securities and Exchange Commission (SEC) Commissioner Bryant Fernandez in January 2024.   MBC-SEC meeting attendees (Photos courtesy of MBC) They discussed the revised guidelines on Sustainability Reporting, which would require companies to submit more evironmental, social and governance (ESG) information following global metrics. MBC representatives shared concerns around the challenges of getting some of the required disclosures. SGV served as MBC's technical adviser last year for an MBC report on the State of Sustainability Reporting in the Philippines, which was also shared with the SEC as a policy input. The SEC has required publicly listed companies to submit an annual sustainability report since 2019. The MBC’s work on sustainability and access to information is supported by the Center for International Private Enterprise, a US-based institute that works to support democracy and to strengthen the private sector. 

SGV Assurance Associate Claribelle D. Lee ranked 4th in the Sept - Oct 2023 US Certified Management Accountant (CMA) exam. She also received a Certificate of Distinguished Performance Award for completing the exam. The results were announced on 31 January 2024.  SGV Assurance Associate Claribelle D. Lee, CPA, CMA The CMA title is a credential that represents enhanced expertise in areas of accounting and finance, with competencies in strategic thinking, business analysis, and leadership. It is offered by the Institute of Management Accountants (IMA). Congratulations, Claribelle!