Calauag Bay
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Calauag Bay
Calauag, officially the Municipality of Calauag (; ), is a municipality in the province of Quezon, Philippines. According to the 2020 census, it has a population of 71,809 people. History According to the writings of Valentin Martin in his "''Ensayo de una sintesis de los trabajos realizados sos las corporaciones religiosas Españolas de Filipinas''", the first record of the establishment of a settlement in Calauag dates as far as the year 1584. However, the formal founding of the town by Spanish conquistadors was placed in the year 1851 with the union of the settlements in Apad and Calauag. The first elected Captain of the town was Juan Sunog. In 1897 the town was placed the Revolutionary Government and Alipio Declaro became the Municipal President. In 1914 under Municipal President Marciano Roldan, the town was destroyed by fire for the first time in its history. On December 24, 1941, the town was occupied by the Japanese Imperial Army and on January 14, 1942, the town was ...
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Regions Of The Philippines
In the Philippines, regions (; ISO 3166-2:PH) are Administrative divisions of the Philippines, administrative divisions that primarily serve to coordinate planning and organize national government services across multiple Local government in the Philippines, local government units (LGUs). Most national government offices provide services through their regional branches instead of having direct provincial or city offices. Regional offices are usually but not necessarily located in the city designated as the regional center. As of 2024, the Philippines is divided into 18 regions. Seventeen of these are mere administrative groupings, each provided by the president of the Philippines with a regional development council (RDC) – in the case of the Metro Manila, National Capital Region (Metro Manila), an additional Metropolitan Manila Development Authority, metropolitan development authority serves as the coordinating and policy-making body. Only one, the Bangsamoro, Bangsamoro Auto ...
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Santa Elena, Camarines Norte
Santa Elena, officially the Municipality of Santa Elena (), is a municipality in the province of Camarines Norte, Philippines. According to the 2020 census, it has a population of 43,582 people. Santa Elena is from Daet and from Manila. History Santa Elena, formerly known as Ilayang Santol, was then a sitio of barrio Pulonguit-guit, Capalonga. In 1948, through the efforts of local leaders, it became an independent barrio. Santa Elena became a municipality with ten barangays out of Capalonga by virtue of Republic Act No. 5480 on June 21, 1969. Territorial dispute with Calauag, Quezon Santa Elena and Calauag in Quezon province were involved in a decade-long boundary dispute, leading to a Supreme Court case and presidential intervention. The dispute involved nine barangays: Don Tomas, Guitol, Kabuluan, Kagtalaba, Maulawin, Plaridel, Patag Ibaba, Patag Iraya, and Tabugon. In 1991, the Provincial Government of Quezon and Municipal Government of Calauag ordered the demolition of ...
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PLDT
PLDT, Inc., formerly known as the Philippine Long Distance Telephone Company (), is a Philippine telecommunications, internet and digital service company. PLDT is one of the Philippine's major telecommunications providers, along with Globe Telecom and startup DITO Telecommunity. Founded in 1928, it is the oldest and largest telecommunications company in the Philippines, in terms of assets and revenues. The company's core businesses are fixed-line telecommunications, mobile telephony services, broadband, and internet of things services under various brands. It also has investments in broadcasting, print media, utilities, and direct-to-home satellite services, among others. It is listed in the Philippine Stock Exchange and New York Stock Exchange and is being controlled by First Pacific, a Hong Kong–based investment management company, Nippon Telegraph and Telephone, through its subsidiaries, and JG Summit Holdings. Throughout the past decades, PLDT has received numerous ...
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Dito Telecommunity
Dito Telecommunity Corporation (stylized as DITO), formerly known as Mindanao Islamic Telephone Company, Inc. or Mislatel, is a telecommunications company in the Philippines which is also engaged in the business of multimedia and information technology. It is a consortium of Dito CME Holdings Corporation, DITO CME Holdings Corporation, a subsidiary of the Udenna Corporation which is owned by Davao businessman Dennis Uy, and China Telecommunications Corporation, a state-owned enterprise of the government of China, government of mainland China and a parent company of China Telecom. The consortium is known as the sole winner of the 2018 Philippine third telecommunications provider bidding, government-sanctioned bidding that would allow the consortium to become the third major telecommunications provider in the Philippines challenging the duopoly of PLDT and Globe Telecom. DITO Telecommunity began its commercial operations on March 8, 2021. It offers commercial wireless services t ...
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Globe Telecom
Globe Telecom, Inc., commonly shortened as Globe, is a major provider of telecommunications services in the Philippines. The company operates one of the largest mobile, fixed-line and broadband networks in the Philippines. As of November 2023, Globe has 54.7 million subscribers, making it the second largest network in terms of subscriber base. The company's principal shareholders are Ayala Corporation and Singtel. It is listed on the Philippine Stock Exchange under the ticker symbol GLO. Globe offers commercial wireless services through its 2G, 3G, 3.5G HSPA+, 4G LTE, and LTE-A networks, with 5G currently being deployed in key areas in the Philippines. Its 5G coverage is available in over 3,000 locations all over the country, and nearly 100% of the population in the National Capital Region, Davao City, and Cebu. In 2016, Globe introduced its ''Globe Lifestyle'' brand as a way to connect to its customers through fashion. It also launched two entertainment divisions: An ...
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Smart Communications
Smart Communications Inc., commonly referred to as Smart, is a wholly owned wireless communications and digital services subsidiary of PLDT Inc., a telecommunications and digital services provider based in the Philippines. As of November 2023, it is currently the largest mobile network with 55.2 million subscribers. Smart offers commercial wireless services through its 2G, 3G, 3.5G HSPA+, 4G LTE, and LTE-A networks, with 5G currently being deployed in multiple locations in the Philippines. Smart's terrestrial wireless telephony service is being complemented by its satellite communication services Smart Sat and Marino which also serve the global maritime industry. The company has introduced wireless offerings such as Smart Money, a mobile electronic wallet that also enables its SMS-based money remittance service Smart Padala (now integrated with Maya). It has also been recognized for introducing the world's first over-the-air electronic prepaid loading service call ...
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Liability (financial Accounting)
In financial accounting, a liability is a quantity of value that a financial entity owes. More technically, it is value that an entity is expected to deliver in the future to satisfy a present obligation arising from past events. The value delivered to settle a liability may be in the form of assets transferred or services performed. 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 that has already occ ...
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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 di ...
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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 The Philippines, officially the Republic of the Philippines, is an Archipelagic state, archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of List of islands of the Philippines, 7,641 islands, with a tot ... (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 municipali ...
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Asset
In 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. ''Total assets'' can also be called the ''balance sheet total''. Assets can be grouped into two major classes: Tangible property, tangib ...
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Revenue
In accounting, revenue is the total amount of income generated by the sale of product (business), goods and services related to the primary operations of a business. Commercial revenue may also be referred to as sales or as turnover. Some company, companies receive revenue from interest, royalties, or other fees. 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, revenue is a subsection of the equity section of the balance statement, since it increases equity. It is often referred to as the "top line" due to its position at the very top of the income statement. This is to be contrasted with the "bottom line" which denotes net income (gross reve ...
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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 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 a poverty measure based on pre-tax income and the U.S. Department of Agriculture's "economy food plan" by which 11% of Americans are living in poverty, but this is disputed. The World Bank Group, World Bank defines poverty in absolute terms. It defines ''extreme poverty'' as living on less than US$1.90 per day. (Purchasing power parity, PPP), and ''moderate poverty'' as less than $3.10 a day. It has been estimated that in 2008, 1.4 billion people had consumption l ...
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