Naga, Camarines Sur
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Naga, Camarines Sur
Naga, officially the City of Naga (Central Bikol: ''Siyudad nin Naga''; Rinconada Bikol: ''Syudad ka Naga''; fil, Lungsod ng Naga) or the Pilgrim City of Naga, is a 1st class independent component city in the Bicol Region of the Philippines. According to the 2020 census, it has a population of 209,170 people. The town was established in 1575 by order of Spanish Governor-General Francisco de Sande. The city, then named Ciudad de Nueva Cáceres (New Cáceres City), was one of the Spanish royal cities in the Spanish East Indies, along with Manila, Cebu, and Iloilo, the third oldest to be exact. Geographically and statistically classified, as well as legislatively represented within Camarines Sur, but administratively independent of the provincial government, Naga is the Bicol Region's trade, business, religious, cultural, industrial, commercial, medical, educational, and financial center. Naga is known as the "Queen City of Bicol" due to the historical significance of Naga in ...
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Universidad De Santa Isabel
The Universidad de Sta. Isabel, also simply referred to as USI or Sta. Isabel, is a private Catholic university run by the Sisters of Charity of Saint Vincent De Paul in Naga, Camarines Sur, Philippines. It was founded by the Rt Rev. Francisco Gainza, O.P., Bishop of Caceres. in 1868 as the ''first normal school for women in the Philippines and Southeast Asia'', named in honor of the university's patron, St. Isabel, Queen of Hungary. History Colegio de Sta. Isabel was founded by the Rt Rev. Francisco Gainza, O.P., Bishop of Caceres. The administration of the school was given to six Daughters of Charity sisters who arrived in the Bicol Region (Philippines) on April 4, 1868. The school was solemnly blessed and opened on September 18, 1870, A Royal Decree of Queen Isabella II of Spain dated January 11, 1872, granted to the Lord Don Fray Francisco Gainza, Bishop of Nueva Caceres, the authority to create a school for girls (escuela de niñas) which will be under the care of th ...
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Sangguniang Panlungsod
The Sangguniang Panlungsod (SP) is the local legislative body of a city governments in the Philippines. The name of the legislative body comes from the Tagalog words "''sanggunian''" ("council") – ultimately from the rootword "''sangguni''" ("to consult") – and "''lungsod''" ("city"); "city council" is therefore often used as an equivalent term. Members of the city council are referred to as "''kagawad''"; while in Cebuano-speaking cities they are called "''konsehal''" (masc.) and "''konsehala''" (fem.), or "''sehal''". The Local Government Code of 1991 governs the composition, powers and functions of the Sangguniang Panlungsod. The members of the Sangguniang Panlungsod, often referred to as councilors, are either elected or serve in an '' ex officio'' capacity. The city's vice mayor serves as the presiding officer. The Sangguniang Panlungsod is a form of the mayor–council government, via the "strong mayor" variant. Powers, duties, and functions The Sangguniang Panlung ...
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Languages Of The Philippines
There are some 120 to 187 languages spoken in the Philippines, depending on the method of classification. Almost all are Malayo-Polynesian languages native to the archipelago. A number of Spanish-influenced creole varieties generally called Chavacano are also spoken in certain communities. The 1987 constitution designates Filipino, a standardized version of Tagalog, as the national language and an official language along with English. Filipino is regulated by Komisyon sa Wikang Filipino and serves as a '' lingua franca'' used by Filipinos of various ethnolinguistic backgrounds. On October 30, 2018, President Rodrigo Duterte signed into law Republic Act 11106, which declares Filipino Sign Language or FSL to be the country's official sign language and as the Philippine government's official language in communicating with the Filipino Deaf. While Filipino is used for communication across the country's diverse linguistic groups and in popular culture, the government operates m ...
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Liability (financial Accounting)
In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is ''obliged'' to make to other entities as a result of past transactions or other ''past'' events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future. Characteristics A liability is defined by the following characteristics: * Any type of borrowing from persons or banks for improving a business or personal income that is payable during short or long time; * A duty or responsibility to others that entails settlement by future transfer or use of assets, provision of services, or other transaction yielding an economic benefit, at a specified or determinable date, on occurrence of a specified event, or on demand; * A duty or responsibility that obligates the entity to another, leaving it little or no discretion to avoid settlement; and, * A transaction or event obligating the entity t ...
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Expenditure
An expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs. For a tenant, rent is an expense. For students or parents, tuition is an expense. Buying food, clothing, furniture, or an automobile is often referred to as an expense. An expense is a cost that is "paid" or " remitted", usually in exchange for something of value. Something that seems to cost a great deal is "expensive". Something that seems to cost little is "inexpensive". "Expenses of the table" are expenses for dining, refreshments, a feast, etc. In accounting, ''expense'' is any specific outflow of cash or other valuable assets from a person or company to another person or company. This outflow is generally one side of a trade for products or services that have equal or better current or future value to the buyer than to the seller. Technically, an expense is an event in which a proprietary stake is dimi ...
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Internal Revenue Allotment
The Internal Revenue Allotment (IRA) is a local government unit’s (LGU) share of revenues from the Philippine national government. Provinces, independent cities, component cities, municipalities, and barangays each get a separate allotment. The allotment is largely based upon the type of government they are and a formula based upon their land area and population. Section 284 of the Local Government Code of the Philippines (RA 7160) sets up the formula for the distribution of the allotment. All or nearly all of the revenue that a local government has to spend comes from their IRA, though some local governments also have additional local sources of revenue such as property taxes and government fees. Typically for municipalities, the IRA accounts for 90% of total revenues. Since cities have more sources of local revenues, their IRA ranges from 50% to 70% of their total budget. A portion of each local government unit's allotment is set aside their Sangguniang Kabataan S ...
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Asset
In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. Assets can be grouped into two major classes: Tangible property, tangible assets and intangible assets. Tangible ...
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Revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue from interest, royalties, or other fees A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead (business), overhead, wages, costs, and Profit (accounting), markup. Traditionally, professionals in the United Kingdom (and previously the Repu .... This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, in the balance statement, revenue is a subsection of the ...
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Measuring Poverty
Poverty is measured in different ways by different bodies, both governmental and nongovernmental. Measurements can be absolute, which references a single standard, or relative, which is dependent on context. Poverty is widely understood to be multidimensional, comprising social, natural and economic factors situated within wider socio-political processes. The capabilities approach argues that capturing the perceptions of poor people is fundamental to understanding poverty. The main poverty line used in the OECD and the European Union is a relative poverty measure based on 60% of the median household income. The United States uses an absolute poverty measure based on the U.S. Department of Agriculture's "economy food plan", adjusted for inflation. The World Bank also defines poverty in absolute terms. It defines '' extreme poverty'' as living on less than US$1.90 per day. ( PPP), and ''moderate poverty'' as less than $3.10 a day. It has been estimated that in 2008, 1.4 bill ...
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Economy Of The Philippines
The economy of the Philippines is the world's 32nd largest economy by nominal GDP according to the International Monetary Fund 2021 and the 12th largest economy in Asia, and the 3rd largest economy in the ASEAN after Indonesia and Thailand. The Philippines is one of the fastest-growing emerging markets, and the 3rd highest economy in Southeast Asia by nominal GDP, following Thailand and Indonesia. The Philippines is considered a newly industrialized country, which has an economy in transition from one based on agriculture to one based more on services and manufacturing. As of 2021, its GDP by purchasing power parity was estimated at $1.47 trillion, the 18th largest in the world. The country's primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits. Its major trading partners include Japan, China, the United States, Singapore, South Korea, the Netherlands, Hong Kong, German ...
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List Of ZIP Codes In The Philippines
In the Philippines, a ZIP code is used by the Philippine Postal Corporation (PhlPost) to simplify the distribution of mail. While its function similar with the ZIP Codes used in the United States, its form and usage are quite different. Its use is not mandatory but highly recommended by the PhlPost. A ZIP code is composed of a four-digit number representing a locality. Usually, more than one code is issued for areas within Metro Manila, and a single code for each municipality and city in provincial areas, with some rare exceptions such as Dasmariñas in Cavite, which has three ZIP codes (4114, 4115, and 4126), Los Baños in Laguna, which has two ZIP codes (4030 and 4031 for the University of the Philippines Los Baños), and Angeles City, which has two ZIP codes (2009 and 2024 for Barangay Balibago). See also *Postal addresses in the Philippines *Telephone numbers in the Philippines References External linksPhilippine Postal Corporation {{DEFAULTSORT:ZIP codes in the Phil ...
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Philippine Standard Time
Philippine Standard Time (PST or PhST; fil, Pamantayang Oras ng Pilipinas), also known as Philippine Time (PHT), is the official name for the time zone used in the Philippines. The country only uses one time zone, at an offset of UTC+08:00, but has used daylight saving time for brief periods in the 20th century. Geographic details Geographically, the Philippines lies and 126°34′ east of the Prime Meridian, and is physically located within the UTC+08:00 time zone. Philippine Standard Time is maintained by the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). The Philippines shares the same time zone with China, Taiwan, Hong Kong, Macau, Malaysia, Singapore, Western Australia, Brunei, Irkutsk, Central Indonesia, and most of Mongolia. History Philippine Standard Time was instituted through Batas Pambansa Blg. 8 (that defined the metric system), approved on December 2, 1978, and implemented on January 1, 1983. The Philippines is one of ...
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