With the holiday season just around the corner, the Bureau of Internal Revenue (BIR) is paying close attention to online marketplaces and sellers to monitor their tax compliance. Revenue commissioner Romeo Lumagui Jr. warned to block online businesses that would violate the country’s tax laws. “If retail/physical stores are registered and paying their taxes, online…
The Land Bank of the Philippines (LBP) is extending P14 million in financial support to 130 local government units in Luzon and the Visayas affected by severe tropical storm Kristine (international name Trami). LandBank said the cash donations would fund recovery efforts in affected communities. “This funding provides critical support for our LGU partners to…
Fisher Mall is thrilled to reintroduce its exclusive Blackout Sale—a concept inspired by the exciting shopping experiences in the USA during a festive period and brought to the Philippines for the first time. Shoppers will expect the six days of biggest deals and will enjoy the original Blackout experience, happening from November 13 to 18,…
PARTNERING TO ACCELERATE EV ADOPTION IN THE PHILIPPINES. Movem Electric, Inc. has signed an exclusive partnership with ChargeEuropa to deploy critical electric vehicle (EV) charging infrastructure to support the growth of electric mobility in the Philippines. Formalizing the memorandum of understanding are (L-R) Meralco senior vice president and chief revenue officer and Movem chairman Ferdinand…
Globe sets response for multiple storms crossing Luzon Globe has prepositioned personnel and supplies in areas near Typhoon Ofel, yet another weather system forecast to cross Luzon. Due to the new storm, the generator sets and batteries are ready in-network facilities for possible commercial power outages. Globe has also prepositioned technical and support crews, supplies,…
Data released by the Bangko Sentral ng Pilipinas (BSP) showed that the double-digit growth in the domestic banks’ business loan portfolios lifted their sector’s assets by 11.3% in September. According to the BSP, the banking sector’s total assets reached P26.73 trillion during the month, up from last year’s P24 trillion. It was also higher than…
The Corporate Recovery and Tax Incentives for Enterprises Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act is a “game-changing” legislation poised to transform the Philippine economic landscape that would strengthen the country’s position as an attractive investment destination through significant tax incentives and regulatory reforms. In a statement, the Department of Trade and Industry…
Le Pont Residences proudly unveils its collaboration with Louis XIII Cognac, which was introduced through an exclusive and sophisticated event –Noir Indulgence – A Drink and Dine Affair. Held at Sky 51 of The Residences at The Westin Manila, guests enjoyed an unforgettable evening pairing exquisite cuisine with the luxury of Louis XIII Cognac. The…
Smart devices provider HONOR Philippines just launched its new All-Angle Water-Resistant phone, HONOR X7c, as the HONOR Experience Store officially opens in SM City, Davao. The latest viral HONOR smartphone is priced at Php 8,999 and is now available nationwide. “Simultaneous with our store opening in SM J Mall Cebu, we also opened our third…
Union Bank of the Philippines (UnionBank) and SSS, through their partnership on the UMID (Unified Multi-Purpose Identification) Pay Card, a seamless digital bridge between government services and online banking, recently rewarded a lucky SSS member and cardholder with an early Holiday gift. After the UnionBank SSS UMID Pay Card AsenSSSo raffle promo (that previously had…