SGV Cebu Partner-in-Charge Margem A. Tagalog (MAT) and SGV Tax Senior Director Atty. Anne Margaret E. Momongan-Lim served as speakers at a conference organized by the Philippine Institute of Certified Public Accountants (PICPA) Cebu Chapter entitled Reducing Roadblocks: Relaxing Foreign Business Ownership in the Philippines & Exposure Draft - Third Edition of the International Reporting Standards (IFRS) for small and medium-sized enterprises (SMEs) Accounting Standard held at the Mezzo Hotel on 16 May 2023 with 92 participants.
Margem during her presentation
(From left to right) Atty. Kara Bagunas, Atty. Geremae Mata, Atty. Anne Momongan-Lim, and PICPA Cebu Chapter Seminar Organizing Team members
Margem discussed the third edition of the IFRS for SMEs, its benefits and challenges, and regulatory reforms for attracting foreign investors, enhancing competitiveness, and promoting business-friendly environments.
Atty. Anne discussed reducing roadblocks by relaxing foreign business ownership in the Philippines. She emphasized the value of easing restrictions on foreign ownership in the Philippines to attract investments and promote sustainable economic development through streamlined processes.
Atty. Aaron James C. Melendez was a member of the SGV organizing team.