This year marks the 56th Founding Anniversary of Diaz Murillo Dalupan and Company CPAs and I would like to greet our esteemed partners, associates, as well as our supportive colleagues in the industry, a heartfelt congratulations! It is hardwork, passion and faith that put us where we are today – a committed partner towards promoting accountability and good governance in the accounting profession and nation building.
The year 2012 was the 53rdyear of DMD and Co. CPAs. The Philippine economy was shown to be one of the fastest-growing economies in Southeast Asia. HSBC cited the Philippines as the economy to watch, predicting that by 2050, the Philippines would be the “16th Largest Economy in the World.” Affirming this encouraging development, in June 2012, President Benigno Aquino III announced that the Philippines was responding to the request of the IMF, for assistance to the European Union’s (EU) troubledcountries; revealed that the Philippines will lend US $ 1 billion, sourced from the country’s international reserve, to the IMF for use in the bailout of some of the member’s distressed economies. Another report entitled “Philippines the Rising Star,” in July 2012 by Barclay’s – said that the Philippines is seen to bag its investment rating in its history, in the next 12 to 18 months, as solid fundamentals continue to work in its favor.