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General Santos
General Santos, officially the City of General Santos and abbreviated as GenSan, is a Cities of the Philippines#Legal classification, highly urbanized city in the Regions of the Philippines, region of Soccsksargen, Philippines. According to the 2020 census, it has a population of 697,315 people making it the most populous city in Soccsksargen Region. It is located on the island of Mindanao, it is the Extreme points of the Philippines#Cities, southernmost and 15th-most populous city in the Philippines. It is the regional center for commerce and industry of the Soccsksargen region, and it is also the only coastal as well as the largest city in the province of South Cotabato wherein it is geographically situated and grouped under the province by the Philippine Statistics Authority but administered independently of it. Etymology The city was named after Gen. Paulino Santos, a former Commanding General of the Philippine Army and the settlement's leading pioneer. History The no ...
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Jawi Script
Jawi (; ; ; ) is a writing system used for writing several languages of Southeast Asia, such as Acehnese, Banjarese, Betawi, Magindanao, Malay, Mëranaw, Minangkabau, Tausūg, Ternate and many other languages in Southeast Asia. Jawi is based on the Arabic script, consisting of all 31 original Arabic letters, six letters constructed to fit phonemes native to Malay, and one additional phoneme used in foreign loanwords, but not found in Classical Arabic, which are ''ca'' ( ), ''nga'' ( ), ''pa'' ( ), ''ga'' ( ), ''va'' ( ), and ''nya'' ( ). Jawi was developed during the advent of Islam in Maritime Southeast Asia, supplanting the earlier Brahmic scripts used during Hindu-Buddhist era. The oldest evidence of Jawi writing can be found on the 14th century Terengganu Inscription Stone, a text in Classical Malay that contains a mixture of Malay, Sanskrit and Arabic vocabularies. However, the script may have used as early as the 9th century, when Peureulak Sultanate has ...
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Elections In The Philippines
Elections in the Philippines are of several types. The President of the Philippines, president, Vice President of the Philippines, vice-president, and the Senate of the Philippines, senators are elected for a six-year term, while the House of Representatives of the Philippines, members of the House of Representatives, List of current Philippine governors, governors, vice-governors, Sangguniang Panlalawigan, members of the Sangguniang Panlalawigan (provincial board members), mayors, Deputy mayor, vice-mayors, Sangguniang Panlungsod, members of the Sangguniang Panlungsod/Sangguniang Bayan, members of the Sangguniang Bayan (city/municipal councilors), barangay officials, and the Sangguniang Kabataan, members of the Sangguniang Kabataan (youth councilors) are elected to serve for a three-year term. Congress of the Philippines, Congress has Bicameralism, two chambers. The House of Representatives of the Philippines, House of Representatives has 316 seats since 2022, of which 80% ar ...
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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 Philippines, 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 cooperatives of the Philippines, Electric power companies of the Philippines, Lists of companies of the Philippines, Electric Electric power-related lists, Philippines Lists of energy companies, Philippines ...
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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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Assets
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 assets and i ...
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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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Gross Domestic Product
Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund. GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the world's most powerful statistical indicator of national development and progress. The GDP can be divided by the total population to obtain the average GDP per capita. Total GDP can also be broken down into the contribution of each industry or sector of the economy. Nominal GDP is useful when comparing national economies on the international market according to the exchange rate. To compare economies over time inflation can be adjus ...
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Economy Of The Philippines
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. In 2025, the Philippine economy is estimated to be at ₱28.50 trillion ($497.5 billion), making it the world's List of countries by GDP (nominal), 32nd largest by nominal GDP and Economy of Asia, 9th largest in Asia according to the International Monetary Fund. The Philippine economy is a service-oriented economy, with relatively more modest contributions from the manufacturing and agriculture sectors. It has experienced significant economic growth and transformation in the past, posting one of the highest GDP growth rates in Asia. With an average annual growth rate of around 6 percent since 2010, the country has emerged as one of the fastest-growing economies in the world. The Philippines is a founding member of the United Nations, Association of Southeast Asian Nations, Asia-Pacific Economic Cooperation, East Asia Summit and the World Trade Organ ...
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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 each city in provinces, with exceptions such as: * Davao City with eleven ZIP codes (8000, 8016 to 8026); * Antipolo with six ZIP codes (1870 to 1875); * Calamba ( Laguna), Cavite City, Dasmariñas, Mabalacat, Mariveles, and the Island Garden City of Samal with three ZIP codes each; and * Angeles City, Bacoor, Baguio Baguio ( , , ), officially the City of Baguio (; ; ), is a Cities of the Philippines#Legal classification, highly urbanized city in the Cordillera Administrative Region, ...
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