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An investment center is a classification used for business units within an enterprise. The essential element of an investment center is that it is treated as a unit which is measured against its use of capital, as opposed to a cost or profit center, which are measured against raw costs or profits.
After World War II, President Manuel Roxas issued Executive Order (EO) No. 94 on October 4, 1947, creating the Department of Commerce and Industry (DCI). [4] Cornelio Balmaceda, a much sought-after professor of economics and director of the Bureau of Commerce (BOC), was appointed acting secretary of the newly created Department of Commerce and Industry.
"Department of Sports" [1] "Department of Fisheries and Aquatic Resources", proposed by Senator Francis Pangilinan [2] and House Speaker Alan Peter Cayetano. [3] "Department of Culture" [4] or "Department of Arts and Culture" [5] "Department of Water Resources" [6] "Department of Disaster Resilience" [7] [8]
On February 21, 1995, EPZA became PEZA due to the enactment of Republic Act 7916 which was passed by the House of Representatives and the Senate and approved by former Philippine President Fidel V. Ramos. [7] As provided in the Special Economic Zone Act, the PEZA Board is chaired by the Secretary of the Department of Trade and Industry.
MANILA (Reuters) -American companies are set to announce investments amounting to more than $1 billion in the Philippines, U.S. Commerce Secretary Gina Raimondo said during an official visit to ...
PHC – Philippine Heart Center; PHILCOA – Philippine Coconut Authority; PHILEXIM – Philippine Export-Import Credit Agency; PhilHealth – Philippine Health Insurance Corporation; PHILRACOM – Philippine Racing Commission [48] PhilRice – Philippine Rice Research Institute; PHIVOLCS – Philippine Institute of Volcanology and Seismology
Investment Company Act (RA No. 2629), as amended, and its Implementing Rules and Regulations (IRR) Investment Houses Law (PD No. 129) Civil Code of the Philippines (RA No. 386, Title IX - Partnership) Retail Trade Liberalization Act of 2000 (RA No. 8762) Foreign Investments Act of 1991 (RA No. 7402), as amended
A revenue center has costs, however to the manager of a revenue center this is of little importance as revenue is his sole performance indicator. [7] Not all costs are ignored in a revenue center. For example, the manager of a revenue center is responsible for the expenses of his department (such as maintenance costs). [8]