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Las Piñas
Las Piñas, officially the City of Las Piñas ( fil, Lungsod ng Las Piñas), is a 1st class highly urbanized city in the National Capital Region of the Philippines. According to the 2020 census, it has a population of 606,293 people. Las Piñas was sixth in MoneySense Philippines "Best Places To Live" report in 2008. Attractions include Evia Lifestyle Center, SM Southmall, Robinsons Place Las Piñas and Las Piñas - Parañaque Wetland Park. History Early history Las Piñas was one of the earliest fishing settlements on the shores of Manila Bay. It was proclaimed as a province of Manila either in 1762 or 1797. Agustin, a Spanish historian, and Fr. Juan de Medina placed it at 1762. Las Piñas was formerly called "Las Pilas" due to its separation from Parañaque due to tribal conflicts. On the other hand, Manuel Buzeta recorded the date at 1797. Felix Timbang was the first ''gobernadorcillo'' in 1762, while Mariano Ortiz was the first municipal president of the town of Las Pi ...
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Alabang–Zapote Road
Alabang–Zapote Road is a four-lane national road which travels east–west through the southern limits of Metro Manila, Philippines. It runs parallel to Dr. Santos Avenue in the north and is named for the two barangays that it links: Alabang in Muntinlupa and Zapote in Las Piñas. From its eastern terminus at an interchange with South Luzon Expressway's Alabang Exit, East Service Road, N1 highway (Philippines), Manila South Road, and Montillano Street, the road runs westwards for approximately to the junction with Diego Cera Avenue. Since 1997, it also extends further west for several hundred meters connecting Las Piñas to its present terminus at Manila–Cavite Expressway, Coastal Road (Radial Road 1, R-1) in Bacoor, Cavite. The road carries more than 70,000 vehicles per day as of 2016, and suffers from Traffic congestion, traffic jams. The Metropolitan Manila Development Authority (MMDA) listed Alabang–Zapote Road as a major traffic bottleneck point or choke point, and th ...
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Sangguniang Kabataan
Sangguniang Kabataan (abbreviated as SK; ) is a council meant to represent the youth in each barangay in the Philippines. It was put "on hold", but not quite abolished, prior to the 2013 barangay elections. In January 2016, the Sangguniang Kabataan Reform Act was signed into law which made some significant changes to the SK and initially scheduled new elections for October 2016. In March 2017, the elections were postponed anew to May 2018. The SK Chairman leads the Sangguniang Kabataan. A Local Youth Development Council (LYDC) composed of representatives of different local youth groups supports the SK and its programs. The Sangguniang Kabataan is the successor of the Kabataang Barangay (KB; ) which was abolished by the Local Government Code of 1991. The author, Senator Aquilino Pimentel Jr. abolished KB because of allegations that this organization faced. Function and structure Each Barangay houses a Sangguniang Kabataan composed of a chairman, seven members, a secretary ...
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List Of Electric Distribution Utilities In The Philippines
This is a complete list of electric utilities in the Philippines. There are 152 electric utilities in the country. List See also * List of companies of the Philippines * List of power plants in the Philippines Notes References External links Distribution Utility (DU) Profile {{Authority control Electric Philippines Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...
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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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