DAILY STAR: Business

Business owners should not pass the responsibilities of filing and paying correct taxes to the Bureau of Internal Revenue, to their accountants, Donnies Alas, president and chief executive officer of Alas-Oplas & Co., said yesterday.

Alas was invited by the Hotel and Restaurant Association of Negros Occidental to talk on managing taxes without evading them at the Sugar Land Hotel in Bacolod City.

“The best to pay taxes correctly without evading them is setting up the company rightfully,” Alas said.

BY 2016
TESDA eyes 5.3 million
employed tech-voc grads

The Technical Education and Skills Development Authority stepped up its goal of being the country's prime provider of quality technical-vocational education and vowed to produce 5.3 million certified graduates by the end of the Aquino administration in 2016, a press release from TESDA said.

TESDA Director General Joel Villanueva ordered the agency’s officials to beef up enrolment and employment of graduates, thresh out operational issues and improve the quality of courses to meet their targets.

"By the end of President Aquino's term in2016, we would like to be remembered as having contributed 5.3 million TESDA-certified workers or TESDA Specialistas as we proudly call them, who will find work or manage their own small businesses and earn incomes that they plough back to the country through expenditures and savings," Villanueva said.

Bacolod RTC to arraign
Legacy bank executive

The Regional Trial Court in Bacolod City is set to arraign a former executive of the failed Nation Bank for estafa charges filed by the Philippine Deposit Insurance Corporation, the Receiver of Nation Bank, a PDIC press release said.

The impending arraignment of Alexis Petralba at the Regional Trial Court Bacolod City, Branch 42 caps years of being on the run after jumping bail.

Petralba is co-accused, with Legacy owner Celso delos Angeles and lawyer Christine Cruz-Limpin, in a string of criminal cases pending before the courts. Delos Angeles is on hospital arrest while Limpin is at large. Petralba was also arraigned in the RTC Danao for two estafa cases involving Rural Bank of Carmen, Inc., another Legacy-affiliated bank, the press release said.