February 2022

SGV was the official tabulator at the Miss Earth 2021 Pageant streamed on the official Facebook page and YouTube channel of Miss Earth on 21 November 2021. The Miss Earth Pageant is an international beauty pageant that promotes environmental awareness, conservation and social responsibility. Miss Earth also aims to showcase and promote various tourist destinations.  In celebration of its 21st year, Miss Earth adopted the theme Colors of the Earth to highlight biodiversity and encourage a positive outlook for the coming years amidst the COVID-19 pandemic.           Miss Earth 2021 Tabulators Market Group 2 Assurance Partner Mariecris N. Barbaso (MNB) led the SGV team that conducted an independent tabulation of scores cast by the judges. Completing the team were Assurance Senior Manager Crystal Aleli Cornell, Associate Director Angelu Daphne Villanueva, Senior Associates Arkangela Jerusha Tobes and Dian Michelle Luis, Associates Mia Claire Mapola and Anna Marie Corpuz, Business Consulting Senior Manager Elvin Mercader, Senior Associate Lucky Wilmar Cimatu, and Associates Alyssa Tapican and Patrick Justin Diaz. Destiny Wagner from Belize was crowned as Miss Earth 2021. She succeeded Miss Earth 2020 Lindsey Coffey from the United States of America. The winner of Miss Earth serves as an Ambassador to environmental protection campaigns worldwide.

SGV Chairman and Country Managing Partner Wilson P. Tan (WPT) was inducted into office as Treasurer of the Management Association of the Philippines (MAP) during the virtual 73rd MAP Inaugural Meeting and Induction of the 2022 MAP Board of Governors on 13 January 2022. This will be WPT’s second year as a member of the Board of Governors of the MAP.   WPT at MAP oath-taking WPT has been a longtime member of the MAP, which is an exclusive non-profit organization composed of educators, government officials, and top management practitioners from the largest local and multinational companies operating in the Philippines. They advocate good governance, global competitiveness, climate change awareness, and sustainability growth. Congratulations, WPT!

The PQF describes the levels of educational qualifications and sets the standards for qualification outcomes. It is a quality-assured national system for the development, recognition and award of qualifications based on standards of knowledge, skills and values acquired in different ways and methods by learners and workers of the country (RA 10968 – PQF Act). SDT and MUS were the emcees and moderators for the PQF summit for Public Practice The PQF Summit in August and September 2021 was a project of the PICPA National Professional Development Committee chaired by Florenz C. Tugas, with SGV Partners Shane Dave D. Tanguin (SDT) and Maricris U. See (MUS) as co-chairs of the committee. With the theme “Embracing the Role of PQF in the Accountancy Profession,” the four-day summit, with one day assigned per sector, was designed to deepen the understanding and application of PQF in education practice, commerce and industry practice, government practice, and public practice. At the end of the summit, attendees were expected to identify the levels, domains, and competency areas of each sector and perform self-assessments to determine their current levels vis-a-vis the career progression and specialization program (CPSP) for the accountancy profession. SGV Tax Partner Maricris U. See and Assurance Partner Shane Dave D. Tanguin (SDT) were the emcees and moderators for the PQF summit for Public Practice. Assurance Partner Meynard Bonoen (MAB), as President of PICPA Western Metro Manila Chapter, also participated in the event. Over 700 CPAs from all over the country attended the summit. 

MUS during the PICPA SMMC webinar The Philippine Institute of Certified Public Accountants Southern Metro Manila Chapter (PICPA SMMC) organized a webinar entitled Deferred Income Tax 101: Understanding and Application of the Concepts on 15 October 2021. MUS was the speaker at the event, which was attended by over 255 participants. 

SGV Consulting Partner Carlo G. Dimarucut (CGD) participated as a thought leader and moderator in an event organized by Rockbird Media titled 8th Digital Transformation Asia 2021 - A Virtual Strategy Meeting in the Philippines on 10 November 2021. CGD shared his insights during the deep-dive discussion, A future-ready organization: How an integrated risk management reduces business disruption. CGD with other speakers at the event The event served as an avenue for business leaders and tech industry experts in the Philippines to connect and collaborate. It featured trending topics such as innovative tech, cutting-edge strategies on Data Science, Intelligent Automation, 5G Tech, Agile & DevOps, Data Center Infrastructure, Cybersecurity, Cloud, Artificial Intelligence and other tech-related topics. Other thought leaders included Hungry Workhorse Founder and CEO Rey Lugtu, Cypher Learning Founder and CEO Graham Glass, Alibaba Cloud Intelligence - Philippines Country Manager Allen Guo and others.

To inspire SGVeans to nurture connections amidst trying times, the SGV Consulting team conducted the 5th installment of the SheInspires webinar series entitled Corona Love: Love Under Lockdown on 17 December 2021. More than 300 people from SGV attended the event. The webinar took the form of a dialogue moderated by Consulting Partner Jan Ray G. Manlapaz (RGM) and Tax Principal Victor C. De Dios (VCD). Panelists and moderators with RAF and MDM The webinar focused on how the pandemic has been affecting relationships. Panelists shared their personal relationship stories and the roles they have assumed since the pandemic started. They also offered support by expressing their thoughts, feelings, and anxieties, reassuring the participants that they will get through the pandemic together with their partners. Other key takeaways from the event included lessons on the importance of choosing a life partner and how strong relationships are founded on trust, clear communication, and self-worth. Tax Partner Margaux A. Advincula (MAA), Assurance Partner and BES-BSG Head Alvin M. Pinpin (AMP), Consulting Manager Mina L. Sanchez and Consulting Senior Associate Jastine Casco were the panelists at the event. The webinar concluded with the panelists sharing their insights on long-lasting relationships.

SGV Indirect Tax & Global Trade Senior Director Atty. Alden Patrick Labaguis and Cybersecurity Technology Consulting Senior Director Mark Anthony Javiero, together with Climate Change and Sustainability Services Associate Director Ma. Rebecca Ruiz were the guest speakers at the Association of Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) Finance Executives (ASEFEX) Fourth Quarter General Membership meeting on 16 December 2021.   Atty. Labaguis was invited to share his insights on the amendments to the CREATE Law’s Implementing Rules and Regulations. Mr. Javiero, on the other hand, discussed the ins and outs of Cybersecurity and how well the industry is protected from cyberattacks. Lastly, Ms. Ruiz discussed decarbonization of current industry practices and sustainable solutions.  The meeting concluded after an open forum where the speakers addressed the participants’ questions.  Participation in the virtual briefing was coordinated by Logistics Industry Leader and Tax Principal Stephanie V. Nava (SVN) and Technology Industry Leader and Assurance Partner Manolito R. Elle (MRE). The briefing’s coordination and organizing team included Tax Associate Director Gracia Mae A. Beronilla and Tax Senior Associate Roland Joseph C. Mendoza.

SGV Consulting Senior Advisor, former Consulting Partner and 2020-2021 President of the Asian Confederation of Institutes of Internal Auditors (ACIIA), Rebecca G. Sarmenta (RGS), was a speaker during the ACIIA Audit Committee Forum 2021 event that was conducted on 18 November 2021 in South Korea. RGS at the Asian Confederation of Institutes of Internal Auditors (ACIIA) Audit Committee Forum 2021  The event was hosted by the Institute of Internal Auditors (IIA) Korea and was physically and virtually attended by more than 300 internal audit professionals from 17 countries.  Participants included Audit Committee members, Chief Audit Executives (CAEs), Certified Internal Auditors (CIAs), directors and managerial executives, and internal auditors from South Korea and other countries. With the theme of “Beyond Change; Leading through a crisis,” the event was aimed at enhancing the value of internal auditors and the IA role in ensuring competitiveness in today’s environment characterized by unprecedented change and disruption.  RGS presented the results of the survey conducted by ACIIA and SGV on Internal Audit Transformed: Emerging Risks, Trends, and Opportunities.  The survey results show that as IA moves forward to a future with significant uncertainty, the IA function must evolve by recalibrating its methodology, operational model, technology and talent to flexibly address rapid changes in the business environment. IA is  well-positioned to challenge and advise on the risk landscape that business leaders should consider.

Financial Services Organization (FSO) Partner Veronica Mae Arce Balisi (VAB) conducted the third Anti-Money Laundering (AML)/Counter Terrorism and Proliferation Financing (CTPF) training session for the Financial Executives Institute of the Philippines (FINEX) Academy. The Capital Markets and Fixed Income Securities Course Session 3 was held via Zoom on 6 September 2021. Agents and legal professionals from the securities sector and other participants preparing for the SEC certification exam attended the training session. VAB and Lindza presenting at the training session VAB kicked off the training with updates regarding the addition of the Philippines to the Financial Action Task Force (FATF) grey list once again, followed by an introduction to Money Laundering (ML), Terrorist Financing (TF) and Proliferation Financing (PF), including the concepts of predicate and unlawful activities.  VAB also discussed recent regulatory updates on AML/CTPF and preventive measures of covered persons/institutions for capital markets and the fixed income securities industry in preventing and combatting financial crimes. Afterwards, FSO Senior Associate Lindza L. Julao facilitated quick knowledge checks in the form of survey questions to assess the participants’ learning progress.

The EY Ripples Team in SGV conducted year three of its business clinic on 16 December 2021. Co-organized once more with Endeavor Philippines, this initiative-oriented impact entrepreneurs on leading practices in tax and financial planning to help drive growth in their respective organizations. Participating company representativesand volunteer managers and partners at the EY Ripples Business clinic SGV Chairman and CMP Wilson Tan (WPT) and Endeavor Philippines Co-Founder and Managing Director Manny Ayala welcomed impact entrepreneurs from companies that are mostly engaged in the medical, fintech, and business process outsourcing industries. WPT and Manny Ayala delivering opening remarks at the EY Ripples Business Clinic Tax Services Principal Arlyn Sy (AAS) led a plenary session on how to handle BIR tax audits. She discussed common issues and practical approaches in dealing with them, as well as helpful tips to manage the audit. She emphasized good reporting standards and practices. She also covered how to instill a culture of compliance in a startup company. AAS leading a plenary on How to Handle a BIR Audit The plenary sessions were followed by group mentoring sessions in breakout rooms, where Strategy and Transactions, Assurance and Tax partners and managers addressed participants’ questions.  EY Ripples is a global corporate responsibility program that provides EY professionals with opportunities to use their knowledge, skills and experience to positively impact millions of lives by working with impact entrepreneurs and supporting the next generation to develop mindsets and skills to find and sustain meaningful work.