Who else wants to give and receive Company Benefits? Did you know that this action will result advantages or benefits of the work relations and performances of both employers and employees of the business operations in general? But employees should also understand that giving of benefits or any form of other benefits is an act out of generosity of the owners of the Company.
For the owners & management or authorized person of businesses, it is also important to consider whether these benefits are taxable or not on the part of employers and employees. If your business is operating the Philippines, there’s new regulations the defines Benefits Classified/Considered As “De Minimis” Not Subject To Income Tax as well as Withholding Tax.
Revenue Memorandum Circular (RMC) No. 50-2018 is a circular that clarifies certain provisions of Revenue Regulations (RR) No. 8-2018 and 11-2018 as amended by RR Nos. 15-2018 and 14-2018, respectively. The stated RRs were issued to implement the TRAIN law’s income tax provisions including its consequent withholding tax.
As of January 1, 2018, the following are the “de minimis” benefits:
a. Monetized unused vacation leave credits of private employees not exceeding ten (10) days during the year;
b. Monetized value of vacation and sick leave credits paid to government officials and employees;
c. Medical cash allowance to dependents of employees not exceeding P 1,500.00 per employee per semester or P250.00 per month;
d. Rice subsidy of P2.000.00 or one (1) sack of 50 kg. rice per month amounting to not more than P2,000.00;
e. Uniform and clothing allowance not exceeding P6,000.00 per annum;
f. Actual medical assistance, e.g., medical allowance to cover medical and healthcare needs. annual medical/executive check-up, maternity assistance, and routine consultations, not exceeding P10.000.00 per annum;
g. Laundry allowance not exceeding P300.00 per rnonth;
h. Employees achievement awards, e.g., for length of service or safety achievement, which must be in the form of a tangible personal property other tl-ran cash or gift certificate, with an annual monetary value not exceeding P10,000.00 received by the employee under an established written plan which does not discriminate in favor of highly paid employees;
i. Gifts given during Christmas and major anniversary celebrations not exceeding P5.000.00 per employee per annum
j. Daily, meal allowance for overtime work and night/grave yard shift not exceeding twenty-five percent (25%) of the basic minimum wage on a per a region basis; and
k. Benefits received by an employee by virtue of a collective bargaining agreement (CBA) and productivity incentive schemes provided that the total annual monetary value received from both CBA and productivity incentive schemes combined do not exceed ten thousand pesos (P10,000) per employee per taxable year.
All other benefits given by employers which are not included in the above enumeration shall not be considered as “de minimis” benefits and hence, shall be subject to income tax as well as withholding tax.
The benefits given in excess of the maximum amount allowed as “de minimis” benefits shall be included as part of “other benefits” which is subject to the P90.000.00 ceiling. Any amount in excess of the P90,000 shall be subject to income tax and consequently, to the withholding tax on compensation.
At the end of the day, both employers and employees will realize that this will happen if both parties will do their part for the benefits and success of the business operations.
Asia’s craziest food contest returns to the Philippines as One Night Food Trip – International Edition enters its second season on tvN Asia. This time, K-pop heartthrobs Nichkhun of boy band 2PM and actor-host Alexander “Xander” Lee face off against celebrity cousins Danica Sotto-Pingris and Ciara Sotto in a culinary frenzy around the country. One Night Food Trip – International Edition will fly exclusively with Cebu Pacific for the entire second season.
Alexander “Xander” Lee
Based on popular Korean food competition show One Night Food Trip, the international edition adds a twist by having K-pop celebrities travel to various Asian destination including the Philippines, Taiwan, South Korea, and Malaysia where they eat, play, and compete against local celebrities. Each team must complete missions involving exotic flavors and cultural attractions to earn stamps. The team that collects the most stamps within 48 hours takes home the Golden Passport.
In the Philippine segment of the show, Nichkhun and Xander jet-set together from Cebu to Pampanga, while celebrity chef Danica and singer-actress Ciara take a separate route from Coron to Legazpi for a unique experience of the country’s sights and delicacies. One of their stops is at luxury integrated resort City of Dreams Manila where they explore the Forbes five-star hotel, NÜWA, try out decadent dishes at the award-winning Crystal Dragon restaurant, and immerse in the DreamWorks-inspired interactive play space called DreamPlay.
The four-episode Philippine segment on Season 2 airs on 30 July (Monday) at 18:30 (GMT+8). It is in partnership with the Tourism Promotions Board, an attached agency of the Department of Tourism, that markets and promotes the Philippines domestically and internationally as a world-class tourism destination.
Aside from 2PM, Nichkhun is also a songwriter, actor and model, with television and film projects in South Korea and China. On the other hand, Xander Lee is a former member of the South Korean boy band U-KISS. His most recent projects include the lead role in a Philippine TV series “My Korean Jagiya,” opposite Heart Evangelista.
Nichkhun
From the Philippines, Danica Sotto-Pingris is a television host and celebrity chef, with a degree in Culinary Arts and Technology Management from the Center for Culinary Arts Manila. Her cousin, Ciara Sotto, is a television host, singer, actress and expert pole dancer. She regularly teaches pole dancing classes in Manila.
Cebu Pacific, the official carrier of One Night Food Trip – International Edition2, has the widest network within the Philippines with 37 domestic destinations, which made traveling and shooting from one island to another easier with seamless inter-island connections, sparing the hosts and crew from flying to bigger airport hubs just to move across the Philippines. Aside from a direct flight between Manila and Incheon, Cebu Pacific also flies directly from Incheon to Cebu, making it easier to get to popular beach destinations like Mactan Island or Bohol, or connect to 26 international destinations that span the Middle East, Asia, Australia and the United States (Guam).
Nichkhun
One Night Food Trip – International Edition debuted in 2017 on tvN in Asia with sister-and-brother K-pop idols, Sandara “Dara” Park and Thunder pairing against TV host Grace Lee and radio DJ Sam YG for the Philippine segment.
One Night Food Trip – International Edition will premiere exclusively on tvN on 30 July (Monday) at 18:30 (GMT+8). tvN is available in Hong Kong, Singapore, Taiwan, Malaysia, the Philippines, Thailand, Indonesia, Myanmar and Sri Lanka, with subtitles in English, Chinese, Bahasa Malaysia, Bahasa Indonesia and Thai.
Follow One Night Food Trip – International Edition Season 2 on social media with hashtags #OneNightFoodTripIntl2, #ONFTIntl2, #CEBTravels and #tvNAsia.
Learn more about tvN on Facebook @Ch.tvNAsia, Instagram @tvNAsia, and Twitter @tvN_Asia. tvN, where fun takes off!
Cebu Pacific is the largest carrier in the Philippine air transportation industry, offering its low-cost services to more destinations and routes with higher flight frequency within the Philippines than any other airline. Cebu Pacific currently offers over 100 flights a week between the Philippines, South Korea and ten other Southeast Asian destinations, including Jakarta and Denpasar (Bali) in Indonesia; Kuala Lumpur and Kota Kinabalu in Malaysia; Singapore; Thailand; Hanoi and Ho Chi Minh in Vietnam; Hong Kong; and Taiwan.
Founded in 1996, Cebu Pacific has carried over 150 million passengers since inception across 37 destinations within the Philippines and 26 international destinations across Asia, Australia, the Middle East and Guam. It operates one of the youngest fleets in the world with an average age of below five years old for all its aircraft. Its 67-strong fleet is comprised of five Airbus A321ceo (Current Engine Option), 36 Airbus A320, eight Airbus A330, eight ATR 72-500, and ten ATR 72-600 aircraft.
For bookings and inquiries, guests can visit http://www.cebupacificair.com, or call the reservation hotlines (+632)7020-888 or (+6332)230-8888. The latest seat sales can be found in the official Twitter (@CebuPacificAir) and Facebook pages. Guests may also download the Cebu Pacific official mobile app on the App Store and Google Play.
About tvN
The no. 1 pay TV channel in Korea, tvN is expanding to Asia-Pacific. Being the content trend leader, tvN provides the best general entertainment through express top-rated variety shows, record breaking hit dramas, world class music shows, trend leading lifestyle programmes, and star-studded original productions exclusively for Asian viewers. tvN is available in Asia-Pacific countries, including Hong Kong, Singapore, Taiwan, Malaysia, the Philippines, Thailand, Indonesia, Myanmar and Sri Lanka. tvN is owned by CJ E&M, a Korean leading media conglomerate.
tvN, where fun takes off!
About CJ E&M
CJ E&M is Asia’s leading content and media company headquartered in Seoul, Korea. Since 2011, with five main business units -broadcast, film, music, live entertainment and animation, CJ E&M is contributing to promote Korean culture around the world, through the company’s ‘One Source, Multi-Content’ strategy. As a trend leader in Asia, CJ E&M has produced and distributed various popular content, some of which include Asia’s largest music festival Mnet Asian Music Awards (MAMA), leading Hallyu convention KCON, Tony Award-winning musical Kinky Boots, record-breaking box office hits Roaring Currents (2014), Ode to My Father (2014) and Veteran (2015), along with sought-after television programs such as Guardian: The Lonely and Great God, The Legend of the Blue Sea, Grandpas over Flowers and more.
With regional offices in Asia and the U.S., CJ E&M currently employs over 2,000 people worldwide, and is traded on KOSDAQ under the ticker 130960. For more information, please visit: http://en.cjenm.com
Are you on the lookout for the right motorcycle riding jackets? Take note that the right jacket does not only have to be stylish. It has to be comfortable and it has to be safe to use. Do you know that there are some motorcycle jackets that are made with fabrics that will harm your skin? You do not want to suffer from allergies while you are on the road, right?
There are some things that you ought to remember so that you can pick the motorcycle jacket that you can use all over and over again.
Have some patience in choosing. You will come across a wide variety of jacket. Some of these jackets will look very nice but may not do what they are supposed to do which is to protect you. Some jackets are overpriced. There are also some that will start breaking down after being used a few times. Finding the right jacket will require time and effort. You need to be prepared for that. Find some motorcycle jackets for men that will fit your style and budget.
If you belong to a motorcycle club, finding the right men’s motorcycle jacket will be far easier. You need to find a jacket that comes with the emblem or the logo of your club. It will be displayed at all times. The jacket will be similar to a uniform that you will wear when you are out riding with the rest of your clubmates.
Style is always one of the first things that you will think about but what is the sense of having a stylish jacket when you can barely wear it because it will not keep you safe? There are people who get into motorcycle accidents every day. You need to have the right jacket that will have the ability to protect you if in case you get into any road altercation.
The fit of the motorcycle jacket is one of the things people normally forget about when they are trying to make the right choice. The motorcycle jacket should be able to cover your back while you ride. Otherwise, it will not be able to protect you that well.
Klim Motorcycle Jacket
Have you gathered enough details to find the right motorcycle jacket? Hopefully, the things that you have learned are enough to help you choose.
Calling all MARVEL fans, it is time to suit up for the first-ever MARVEL-themed run in South Asia – the MARVEL Run Philippines 2018. The event is set to take place on July 7, 2018, at the SM Mall of Asia Event Grounds.
The 2018 Philippines MARVEL Run is organized by ColorManila, the country’s number one fun-run organizer.
ColorManila VP Justine Cordero says, “We look forward to having the first Philippines MARVEL Run on July 7, and we would like to invite all MARVEL fans and ColorManila followers out there, to take part in this highly anticipated event. The runners will surely like the kits that we have designed and prepared for them, along with the other MARVEL items that come with the race packages.”
There are four (4) race kit colors available, black, grey, green and blue.
The black drifit shirt, which carries the logos of Thor, The Hulk, Captain America, and Spiderman, is part of the Deluxe Race Kit package. Priced at P1,500, the drifit shirt comes with a finisher’s medal, a race bib, and a color packet.
While runners who sign up for the Premium Race Kit package and the VIP Race Kit package can choose between the grey, green and blue kits. Avenger fans would love to be seen in these kits with the green one carrying Hulk’s logo, the grey one with Thor’s logo, and the blue one with Captain America’s signature logo – his shield.
The Premium Kit package, which is priced at P2,050, comes with a drifit shirt (with 3 colors to choose from), a race bib, sunglasses that match the shirt chosen, finisher’s medal, color packet, and a MARVEL drawstring bag.
While those who join the VIP category, valued at P3,050, will get a drifit shirt (also with 3 colors to choose from), a race bib, sunglasses that match the shirt chosen, finisher’s medal, color packet, a MARVEL drawstring bag, towel, and lastly, access to the VIP Lounge.
Runners also have the option of choosing between three race categories – 3K, 5K and 10K.
Registration is still ongoing. For more information, visit www.colormanila.com for more details.
Media Contact:
Charmaine Cruz
PR for COLOR MANILA
Mob. +63917-8001408
Email: sports@greatcampaigns.asia
Twitter: @char_cruz
— Charmaine Cruz, MA Int’l PR Specialist Loc. Mob.: +63917-8001408 Regional HQ: Suite 8-1 and 8-2, Level 8, Menara CIMB, No. 1 Jalan Stesen Sentral 2, Kuala Lumpur 50470, Malaysia Winner, Best Sports Marketing Campaign, Asia Sports Industry Awards (SPIA), 2016
Who are required to Keep Books of Accounts? Do you think Corporations, Companies, Partnerships or Persons need to keep Books of Accounts?
Generally, Books of Accounts are use in recording all relevant transactions not only for the purpose of internal revenue taxes but for the preparation of Financial Position (Balance Sheet), Results of Operations (Income Statement), Statement of Cash Flows and other relevant reports of the business activities.
Sec. 71 of RA No. 10963 further amends Section 232 of the NIRC as follows:
“SEC. 232. Keeping of Books of Accounts. –
“(A) Corporations, Companies, Partnerships or Persons Required to Keep Books of Accounts. – All corporations, companies, partnerships or persons required by law to pay internal revenue taxes shall keep and use relevant and appropriate set of bookkeeping records duly authorized by the Secretary of Finance wherein all transactions and results operations are shown and from which all taxes due the Government may readily and accurately be ascertained and determined any time of the year: Provided, That Corporations, companies, partnerships or persons whose gross annual sales, earnings, receipts or output exceed Three million pesos (P3,000,000), shall have their books of accounts audited and examined yearly by independent Certified Public Accountants and their income tax returns accompanied with a duly accomplished Account Information Form (AIF) which shall contain, among others, information lifted from certified balance sheets, profit and loss statements, schedules listing income-producing properties and the corresponding income therefrom and other relevant statements.
Republic Act (RA) No. 10963 shall be known as the “Tax Reform for Acceleration and Inclusion (TRAIN)” took effect on January 1, 2018.
In general, owning of land and building are major aspects to consider in putting-up a business for Leasing of Commercial or Residential Units. Do you still consider Leasing of Commercial or Residential Units as investment for your family in the future?
I have read books of different authors with regards of business plans and implementations. A Feasibility Study is important for investors and business owners in order for them to analyze and to know the important factors to consider in putting up of a business.
Aside of identifying the capital and financial aspects, you may have to consider the location, geography, target customers, building plan, security concerns and other factors to consider of a successful business.
At the end of the day, after you have established and ready to operate of your business either Leasing of Commercial or Residential Units, Financial and Tax Planning are factors that you’ll consider of the daily, weekly or monthly operations of your business. Reading books and regulations or hiring or seeking advice to consultants are options to consider of a successful financial and tax aspects in a successful business.
To have a sister is nothing but wonderful. It is like an added cushion for extra comfort or a partner that stands by you through it all. For travel and fashion bloggers Vern and Verniece Enciso, it is all about trying new adventures, being playful with concepts for every place they visit, and indulging in the musts in pursuit of their desire for travel.
Vern and Verniece
“I scan the best place to take pictures and videos. We also plan our outfits with that place in mind,” Verniece said when asked on tips for new travelers.
Before being two of the most influential travel bloggers today, Vern and Verniece were not as close as how much they are now. Both blogging and traveling made their relationship as sisters profounder and more meaningful.
“Verniece and I are always on the lookout for good street food because I think that’s how you could know a place. We’re lucky because we always split the bill,” said Vern.
Vern and Verniece have a working budget whenever they travel.
When planning a trip, Vern usually takes time to search for the nicest hotel and cheapest flights while Verniece plans for the itinerary. Both are also on quest for boutique hotels that are way cost-efficient but offer the same service you can find on high-end hotels.
“That’s my hack―when you go to a site like TravelBook.ph, you could search and look for the newest boutique hotels that usually have promos,” explained Vern.
Vern and Verniece
Like Vern and Verniece, be practical and travel smart when you use the TravelBook.ph mobile app. With more than 3,000 hotel partners and a wide-range of tours and activities all around the country, make sure to experience the best of the Philippines! Download the app now on Android and iOS!
Microsoft and Frost & Sullivan Study reveals that:
A large-sized organization in the Philippines can possibly incur an economic loss of US$7.5 million, more than 200 times the average economic loss for a mid-sized organization
Cybersecurity attacks have led to job losses in seven in ten (72%) organizations over the last year
Cybersecurity concerns delay Digital Transformation plans
Organizations are increasingly leveraging Artificial Intelligence to enhance their cybersecurity strategy
A Frost & Sullivan study commissioned by Microsoft revealed that the potential economic loss in the Philippines due to cybersecurity incidents can hit a staggering US$3.5 billion. This is 1.1 percent of the Philippines’ total GDP of US$305 billion.
The study, titled “Understanding the Cybersecurity Threat Landscape in Asia Pacific: Securing the Modern Enterprise in a Digital World”, aims to provide business and IT decision makers with insights on the economic cost of cybersecurity breaches in the region and identify the gaps in organizations’ cybersecurity strategies. The study involved a survey of 1,300 business and IT decision makers ranging from mid-sized organizations (250 to 499 employees) to large-sized organizations (>than 500 employees).
The study reveals that more than half of the organizations surveyed in the Philippines have either experienced a cybersecurity incident (18%) or are not sure if they had one as they have not performed proper forensics or data breach assessment (34%).
“As companies embrace the opportunities presented by cloud and mobile computing to connect with customers and optimize operations, they take on new risks,” said Hans Bayaborda, Managing Director, Microsoft Philippines. “With traditional IT boundaries disappearing the adversaries now have many new targets to attack.
Companies face the risk of significant financial loss, damage to customer satisfaction and market reputation — as has been made all too clear by recent high-profile breaches.”
The True Cost of Cybersecurity Incidents – Economic, Opportunity and Job Losses.
The study revealed that:
A large-sized organization in the Philippines can possibly incur an economic loss of US$7.5 million, more than 200 times higher than the average economic loss for a mid-sized organization (US$35,000); and
Cybersecurity attacks have resulted in job losses across different functions in seven in ten (72%) organizations that have experienced an incident over the last 12 months.
To calculate the cost of cybercrime, Frost & Sullivan has created an economic loss model based on macro-economic data and insights shared by the survey respondents. This model factors in three kinds of losses which could be incurred due to a cybersecurity breach:
Direct: Financial losses associated with a cybersecurity incident – this includes loss of productivity, fines, remediation cost, etc;
Indirect: The opportunity cost to the organization such as customer churn due to reputation loss; and
Induced: The impact of cyber breach to the broader ecosystem and economy, such as the decrease in consumer and enterprise spending.
“Although the direct losses from cybersecurity breaches are most visible, they are but just the tip of the iceberg,” said Edison Yu, Vice President and Asia Pacific Head of Enterprise for Frost & Sullivan. “There are many other hidden losses that we have to consider from both the indirect and induced perspectives, and the economic loss for organizations suffering from cybersecurity attacks can be often underestimated.”
In addition to financial losses, cybersecurity incidents are also undermining the Philippines organizations’ ability to capture future opportunities in today’s digital economy, with more than half (57%) respondents stating that their enterprise has put off digital transformation efforts due to the fear of cyber-risks.
Key Cyberthreats and Gaps in the Philippines Organizations’ Cybersecurity Strategies
Although high-profile cyberattacks, such as ransomware, have been garnering a lot of attention from enterprises, the study found that for organizations in the Philippines that have encountered cybersecurity incidents, data exfiltration and data corruption are the biggest concern as they have the highest impact with the slowest recovery time.
Besides external threats, the research also revealed key gaps in organizations’ cybersecurity approach to protect their digital estate:
Security an afterthought: Only 44% of organizations consider cybersecurity before the start of a digital transformation project. Majority of respondents (56%) either think about cybersecurity only after they start on the project or do not consider it at all. This limits their ability to conceptualize and deliver a “secure-by-design” project, potentially leading to insecure products going out into the market;
Creating a Complex Environment: Negating the popular belief that deploying a large portfolio of cybersecurity solutions will render stronger protection, the survey revealed that 17% of respondents with more than 50 cybersecurity solutions could recover from cyberattacks within an hour. In contrast, more than twice as many respondents (38%) with fewer than 10 cybersecurity solutions responded that they can recover from cyberattacks within an hour; and
Lacking cybersecurity strategy: While more and more organizations are considering digital transformation to gain competitive advantage, the study has shown that 46% of respondents see cybersecurity strategy only as a means to safeguard the organization against cyberattacks rather than a strategic business enabler. A mere 25% of organizations see cybersecurity strategy as a digital transformation enabler.
“The ever-changing threat environment is challenging, but there are ways to be more effective using the right blend of modern technology, strategy, and expertise,” added Hans. “Microsoft is empowering businesses in the Philippines to take advantage of digital transformation by enabling them to embrace the technology that’s available to them, securely through its secure platform of products and services, combined with unique intelligence and broad industry partnerships.”
Artifical Intelligence (AI) is the Next Frontier in Cybersecurity Defense
In a digital world where cyberthreats are constantly evolving and attack surface is rapidly expanding, AI is becoming a potent opponent against cyberattacks as it can detect and act on threat vectors based on data insights. The study reveals that more than almost four in five (79%) organizations in the Philippines have either adopted or are looking to adopt an AI approach towards boosting cybersecurity.
AI’s ability to rapidly analyze and respond to unprecedented quantities of data is becoming indispensable in a world where cyberattacks’ frequency, scale and sophistication continue to increase.
An AI-driven cybersecurity architecture will be more intelligent and be equipped with predictive abilities to allow organizations to fix or strengthen their security posture before problems emerge. It will also grant companies with the capabilities to accomplish tasks, such as identifying cyberattacks, removal of persistent threats and fixing bugs, faster than any human could, making it an increasingly vital element of any organizations’ cybersecurity strategy.
Recommendations for securing the modern enterprise in a digital world
AI is but one of the many aspects that organizations need to incorporate or adhere to in order to maintain a robust cybersecurity posture. For a cybersecurity practice to be successful, organizations need to consider People, Process and Technology, and how each of these contributes to the overall security posture of the organization.
To help organizations better withstand and respond to cyberattacks and malware infections, here are five best practices that they can consider in improving their defense against cybersecurity threats:
Position cybersecurity as a digital transformation enabler: Disconnect between cybersecurity practices and digital transformation effort creates a lot of frustration for the employees. Cybersecurity is a requirement for digital transformation to guide and keep the company safe through its journey. Conversely, digital transformation presents an opportunity for cybersecurity practices to abandon aging practices to embrace new methods of addressing today’s risks;
Continue to invest in strengthening your security fundamentals: Over 90% of cyber incidents can be averted by maintaining the most basic best practices. Maintaining strong passwords, conditional use of multi-factor authentication against suspicious authentications, keeping device operating systems, software and anti-malware protection up-to-date and genuine can rapidly raise the bar against cyberattacks. This should include not just tool-sets but also training and policies to support a stronger fundamental;
Maximize skills and tools by leveraging integrated best-of-suite tools. The best tools are useless in the hands of the amateur. Reduce the number of tools and the complexity of your security operations to allow your operators to hone their proficiency with the available tools. Prioritizing best-of-suite tools is a great way to maximize your risk coverage without the risk of introducing too many tools and complexity to the environment. This is especially true if tools within the suite are well-integrated to take advantage of their counterparts;
Assessment, review and continuous compliance: The organization should be in a continuous state of compliance. Assessments and reviews should be conducted regularly to test for potential gaps that may occur as the organization is rapidly transforming and address these gaps. The board should keep tab on not just compliance to industry regulations but also how the organization is progressing against security best practices; and
Leverage AI and automation to increase capabilities and capacity: With security capabilities in short supply, organizations need to look to automation and AI to improve the capabilities and capacity of their security operations. Current advancements in AI has shown a lot of promise, not just in raising detections that would otherwise be missed but also in reasoning over how the various data signals should be interpreted with recommended actions. Such systems have seen great success in cloud implementations where huge volumes of data can be processed rapidly. Ultimately, leveraging automation and AI can free up cybersecurity talents to focus on higher-level activities.
Security experts discuss the economic impact of cybersecurity in the PH during Microsoft’s study launch. From L-R Hans Bayaborda, Managing Director
About the “Understanding the Cybersecurity Threat Landscape in Asia Pacific: Securing the Modern Enterprise in a Digital World” Study
This study involved a survey conducted with 1,300 respondents from 13 markets – Australia, China, Hong Kong, Indonesia, India, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan and Thailand.
All respondents are business and IT decision-makers involved in shaping their organizations’ cybersecurity strategies. 44% of them being business decision-makers, including CEOs, COOs and Directors, while 56% are IT decision-makers, including CIOs, CISO and IT Directors. 29% of participants are from mid-sized organizations (250 to 499 staff); and 71% are from large-sized organizations (more than 500 staff).
About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.
For more information, please contact:
Microsoft Philippines
Yna Maclang
Communications Lead
v-marmac@microsoft.com
M2.0 Communications
Cathy Llanes
Media Relations Manager
+639175820573
cathy.llanes@m2comms.com
