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Pasay, Metro Manila
Pasay, officially the City of Pasay (; ), is a highly urbanized city in the National Capital Region of the Philippines. According to the 2020 census, it has a population of 440,656 people. Due to its location just south of Manila, Pasay quickly became an urban town during the American colonial period. It is now best known for being the site of most of Ninoy Aquino International Airport and of complexes such as Newport City and the SM Central Business Park. Etymology There are possible explanations on the origins of the city's name: *A legend suggested that it may have been named after Dayang-dayang Pasay, a princess of the Kingdom of Namayan and daughter of Kingdom of Maynila ruler Rajah Sulayman. She inherited half of her father's lands, which encompasses the present-day city, and founded the present-day city. *Another legend suggests that the city was named after Pasay, one of the sons of Tagkan, a ruler of Namayan. He inherited territories that included the area of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SM Mall Of Asia
SM Mall of Asia (also abbreviated as SM MoA, or simply Mall of Asia or MoA; ), is a large shopping mall in the Philippines, located at Bay City, Metro Manila, Bay City, Pasay, Metro Manila within the SM Central Business Park, a reclaimed area within Manila Bay, and the southern end of EDSA, Epifanio de los Santos Avenue (EDSA/Circumferential Road 4, C-4). Owned and developed by SM Prime, the largest mall chain owner and developer in the Philippines, the mall currently occupies of land area of the Mall of Asia Complex and a gross floor area of approximately , and offers of floor area space for conventions and social functions. The area attracts a daily average foot traffic of about 200,000 people. The mall is currently the List of largest shopping malls in the Philippines, largest shopping mall in the Philippines and the List of largest shopping malls in the world, sixth in the world. When it opened in 2006, it was the List of largest shopping malls in the Philippines, largest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lakas–CMD
Lakas–Christian Muslim Democrats, abbreviated as Lakas–CMD and also known simply as Lakas, (and known as Lakas–Kampi until 2011) is a political party in the Philippines. Lakas–CMD is considered to be on the Centre-right politics, centre-right of the political spectrum and is influenced by Christian democracy and Islam and democracy, Islamic democracy. Since the 2022 Philippine House of Representatives elections, 2022 elections, Lakas–CMD is currently the biggest party in the House of Representatives of the Philippines, House of Representatives, with the party's president, Martin Romualdez, serving as Speaker of the House of Representatives of the Philippines, Speaker of the House. The party is a dominant member of the Alyansa para sa Bagong Pilipinas led by President Bongbong Marcos. Lakas–CMD has produced one President of the Philippines, Gloria Macapagal Arroyo, who was in power when the party was formed in 2009, and one vice president, Sara Duterte, who was electe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippine Standard Time
Philippine Standard Time (PST or PhST; ), also known as Philippine Time (PHT), is the official name for the time zone used in the Philippines. The country only uses a single time zone, at an UTC offset, offset of UTC+08:00, but has used daylight saving time for brief periods in the 20th century until July 28, 1990. 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 Oblast, Irkutsk (Russia), Time in Indonesia, Central Indonesia, and time in Mongolia, most of Mongolia. History For 323 years, 9 months, and 4 days, which lasted from Saturday, March 16, 1521 (Julian Calendar), until Monday, December 30, 1844 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Household
A household consists of one or more persons who live in the same dwelling. It may be of a single family or another type of person group. The household is the basic unit of analysis in many social, microeconomic and government models, and is important to economics and inheritance. Household models include families, blended families, shared housing, group homes, boarding houses, houses of multiple occupancy (UK), and single room occupancy (US). In feudal societies, the royal household and medieval households of the wealthy included servants and other retainers. Government definitions For statistical purposes in the United Kingdom, a household is defined as "one person or a group of people who have the accommodation as their only or main residence and for a group, either share at least one meal a day or share the living accommodation, that is, a living room or sitting room". The introduction of legislation to control houses of multiple occupations in the UK Housing Act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
