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BIR doubles down on vape industry
The Bureau of Internal Revenue is ramping up efforts to monitor the vape industry after scoring a major win in a P1.2-billion tax evasion case......»»
BIR files case vs Ever Bilena over P1.6 billion tax liability
The Bureau of Internal Revenue has filed criminal charges against popular cosmetics brand Ever Bilena for allegedly failing to settle at least P1.6 billion in tax liability......»»
Authentic System Solutions streamlines processes and workflows
Discover how Authentic System Solutions can help streamline your construction business processes & workflows. Founded in 2013, Authentic System Solution is a Cebu-based Software Company with over 100 active clients nationwide and is compliant with BIR Computerized Accounting System (CAS) requirements. “Our goal is to help our client’s process and workflows in-place based on the.....»»
BIR expands list of VAT-exempt medicines
The Bureau of Internal Revenue has issued an updated list of value-added tax or VAT-exempt medicines for diseases such as cancer, hypertension and diabetes......»»
BIR ramps up tax compliance drive
The Bureau of Internal Revenue has initiated a nationwide tax compliance drive to boost awareness and encourage taxpayers to pay their obligations......»»
DragonFi drops P20 minimum commission fee
DragonFi Securities Inc., the stock brokerage arm of Edgar “Injap” Sia’s DoubleDragon Corp., is removing the P20 minimum commission fee across all transactions effective today......»»
Retail most targeted sector for digital fraud in Philippines
The retail sector is the most targeted industry for fraudulent digital transactions in the Philippines last year, according to an analysis conducted by global information and insights company TransUnion......»»
GCash’s new feature shows carbon reduced by doing digital transactions
Finance app and cashless ecosystem GCash has announced its newest update, Green Transaction Alerts, which allows users to see the grams of carbon they reduced by digitally sending money and doing bank transfers......»»
Philippines foreign investments yield net outflows in March
MANILA, May 1 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 236 million U.S. dollars in March, the Philippine central bank said Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the foreign investment transactions in March resulted from the 1.6 billion dollars in gross outflows and 1.4 billion dollars in gross inflows for the month. "The recorded net outflows are a reversal.....»»
LTO-7 opens new licensing office in Brgy. Talamban
CEBU CITY, Philippines — The Land Transportation Office in Central Visayas (LTO-7) has found a new place that they could call home for now. On Tuesday, April 23, LTO-7 formally opened its new licensing office at Piazza Elesia along Gov. M. Cuenco Ave. in Brgy. Talamban in Cebu City. Public transactions will now be accommodated.....»»
OCD warns: Do not transact with brokers, fixers
The Office of Civil Defense (OCD) cautioned the public against some groups and individuals who are using the name of the agency and its officers for government transactions......»»
BPI Customers Experience Transaction Delays Due to High Weekend Activity
Bank of the Philippine Islands (BPI) customers faced delays in essential banking services due to a surge in weekend transactions, primarily tax payments, today, April 16, 2024. In a Facebook post, BPI said that their services which include ATM withdrawals, CAM deposits, Debit Card purchases, BPI app, BPI online, and the use of BPI online […].....»»
Landbank eyes digital expansion
State-run Land Bank of the Philippines is targeting to reduce over-the-counter transactions as it moves to expand its digital services for customers......»»
Consumer complaints rise in 2023 – DTI
Online transactions continued to dominate the complaints lodged by consumers at the Department of Trade and Industry last year......»»
BSP to banks, financial institutions: Prioritize national ID as top identification
The central bank said that institutions should “adopt enhanced measures to ensure the broad acceptance of the PhilID” whether its physical or electronic version as a valid proof of identity and age for all financial transactions. .....»»
QR Codes: A Scan Towards Simpler Transactions
Quick Response codes (QR codes), those ubiquitous black and white squares, are now more than just a shortcut to websites. They’re now revolutionizing the way we pay, offering a faster, more secure, and surprisingly error-free alternative to traditional methods. For those still on the fence about using QR codes, Here’s how they can streamline your […].....»»
DTI eyes completion of ITA IRR by March 19
The Department of Trade and Industry (DTI) is hoping to complete the implementing rules and regulations (IRR) of the Internet Transactions Act (ITA) by March 19, according to an official of the agency......»»
Russia s trade with key BRICS partners now almost dollar-free
95% of the country's transactions with India and China were conducted in local currencies last year National currencies were used in 95% of Russia's trade with China and India last year, the secretary general of the International Chamber of Commerce (ICC), Tatiana Monaghan, revealed on Monday. According.....»»
Office space take-up reaches nearly 300,000 sqm in 2023
Metro Manila office space net absorption more than doubled to 297,800 square meters (sqm) in 2023, driven by continued transactions mostly from traditional firms......»»
BSP to further relax forex rules
The Bangko Sentral ng Pilipinas may further relax its rules and regulations governing foreign exchange transactions in a bid to attract more foreign investments into the country......»»