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SEC-Davao advises timely submission of requirements for amnesty payments
The Securities and Exchange Commission (SEC) Davao Extension Office is reminding corporations who have participated in the amnesty program to ensure timely submission of required documents by January 31. Failure to comply will result in forfeiture of payments and incurring additional penalties as outlined in SEC Memorandum Circular No. 20, series of 2023. Non-compliant corporations must submit their latest General Information Sheet (GIS) and Annual Financial Statement (AFS) through the SEC Electronic Filing and Submission Tool (eFAST). Meanwhile, suspended or revoked corporations should submit their petitions along with necessary documents to the Extension Office via email at secdavao@gmail.com. For more information, applicant-corporations can contact SEC Davao Extension Office at 0932-973-8791. It is important to note that the Commission is planning to implement a substantial increase in basic penalties for late and non-filing of reports post-amnesty period, with penalties potentially increasing by up to 1,900 percent......»»
BTI Payments partners with Southstar Drug to expand Philippines footprint
BTI Payments Philippines Inc., a wholly owned subsidiary of Australia’s Banktech, has partnered with Southstar Drug to further expand its footprint in the Philippines......»»
BSP hits 50 percent target in digitized payments
The Bangko Sentral ng Pilipinas managed to hit its goal of shifting half of total retail payments to digital channels in 2023, with more small businesses likely to onboard moving forward......»»
Further improvement in Philippines external position seen
The Bangko Sentral ng Pilipinas (BSP) sees a further improvement in the country’s external payments position this year due to a likely higher balance of payments (BOP) surplus and a narrower current account (CA) deficit......»»
SSS releases P257 billion in benefit payments
State-run pension fund Social Security System released P257.4 billion in benefit payments to 4.7 million members last year......»»
Philippines posts 740 mln USD deficit in January
MANILA, Feb. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 740 million U.S. dollars deficit in January 2024, a reversal from the 3.1 billion dollars BOP surplus recorded a year ago, the country's central bank has said. The Bangko Sentral ng Pilipinas (BSP) said on Monday that the BOP deficit in January reflected outflows arising mainly from the national government's payments of its f.....»»
Philippines posts 740 mln USD deficit in January
MANILA, Feb. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 740 million U.S. dollars deficit in January 2024, a reversal from the 3.1 billion dollars BOP surplus recorded a year ago, the country's central bank has said. The Bangko Sentral ng Pilipinas (BSP) said on Monday that the BOP deficit in January reflected outflows arising mainly from the national government's payments of its f.....»»
PDIC now accepts digital payments through Land Bank of the Philippines’ Link.BizPortal facility
PDIC now accepts digital payments through Land Bank of the Philippines’ Link.BizPortal facility.....»»
Navigating Challenges in B2B Cross-Border Payments
Cross-border payments are vital to B2B operations, enabling businesses to extend their reach globally. While these transactions offer opportunities for international trade, they also present.....»»
Why Choosing the Right Tools and Equipment Helps Boost Productivity
Improvising and being resourceful is a good trait for an entrepreneur but being too much of it can also harm the productivity and safety of the business. Using proper tools and equipment can help lessen the workload and make business operations much smoother. Here are three reasons why using the right tools and equipment is […].....»»
3 Kickstart Tips for Freelance Newbies
So, you’ve just snagged your first freelance gig – cue the confetti and high-fives! Now, let’s make sure you rock it. Here are three down-to-earth tips to help you dive into your freelance journey and ace that initial project. 1. Decode the Project Scope: Get the Lowdown Think of your freelance gig like cracking open […].....»»
Plaza Independencia: Rama plans to rubberize park, make more family-friendly
CEBU CITY, Philippines — Cebu City Mayor Michael Rama plans to make Plaza Independencia more family friendly as he envisions more changes to make this dream a reality. These included having the inside of the Plaza Independencia being rubberized, having more plants inside to make it also more environment-friendly and to have facilities for families.....»»
Should You Have a New Product Line Already?
So you’ve opened up your small business and launched your first product line, be it coffee, a certain perfume or scent, or a range of pastries. Now you’re seeing that many people are buying your product. Now you see yourself asking ‘is it time to develop another product?’ The urge to expand and diversify your […].....»»
Rekindle the Flame that Made You Successful: Enjoy Your Small Business Dream
Do you remember the days during the COVID-19 pandemic when you, like thousands of Filipinos, had nothing else to do but stare at your laptop for hours on end? Do you remember that one day when something snapped in your brain and told you to get to know yourself and your passion? Then you took […].....»»
Studying Your Business Rivals to Stay on Top
Who ever said you can’t be a small business owner and a spy at the same time? As you ramp up your business operations to have a larger piece of the pie or your share in the industry you’re in, you must have a keen understanding of your competitors, dissecting their strategies, strengths, and weaknesses […].....»»
3 stand-alone books that may help fix your ‘reading slump’
CEBU CITY, Philippines – You may not be the only one with stacks of unwrapped books just lurking in the corner, waiting for you to lay your eyes on them. You may have enjoyed reading during your childhood or teen years, but somehow lost that spark as life progressed, finding yourself stuck in a slump.....»»
Securing Your Small to Medium Business in the Digital Age
Ever wondered if your business is really secure? In this age of digital hustle, ensuring the safety of your small to medium-sized business is like locking the doors at night – you wouldn’t leave them wide open, would you? Many think cybersecurity is only for the big players, but in reality, businesses of all sizes […].....»»
Avoid Overworking, 2 Techniques to Manage It
Ever feel like your workload is taking over your life? Overworking can leave us drained and stressed, but fear not! We’ve got two practical techniques to help you manage your tasks without burning out. Technique 1: Time Blocking Time Blocking is your ally against chaos. Allocate dedicated blocks of time for each task, focusing on […].....»»
WATCH: Why your choice of mattress can affect your sleep, posture
You do not have to suffer through sleepless nights because there is an option available on the market that its makers say can improve your sleep quality and even your posture......»»
Adjusting Your Budget for Unforeseen Circumstances
Life throws curveballs, and sometimes those curveballs will hit your wallet hard. From unexpected medical bills to car repairs more than what you allocated under “car maintenance,” unforeseen circumstances can disrupt your carefully crafted budget. There are ways to go about this, though. Here are some ways you can adjust your spending plan effectively when […].....»»