Focus Vol. 01 Issue 01 Dec 2005

Focus - For executives of multinational corporations: Vol. 01 Issue 01 Dec 2005 (First Issue)

Dear Clients and Friends,

We are pleased to launch the first issue of Focus, a periodic publication specially designed to provide business executives of multinational corporations (MNCs) with current information on significant developments that may be used as additional inputs in evaluating business issues and decisions. This paper was conceptualized in response to the growing need of the business sector, especially foreign investors, to keep themselves abreast of developments that may affect their businesses.

This publication of Punongbayan & Araullo, member of Grant Thornton International, contains updates on common areas of interest including, but not limited to, taxation, accounting and finance, tax incentives, and labor and immigration. We invite you to e-mail us your comments and suggestions so that we could further improve this publication.