Tag: bworldonline
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Finance department says no plan to further raise sin tax rates
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THE DEPARTMENT of Finance (DoF) is not planning to raise taxes on “sin” products but is closely looking into the mounting tax losses due to illegal importation of cigarettes. “We will not impose any hike except for the existing [rates,]” Finance Undersecretary and Chief Economist Domini S. Velasquez said at…
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PHL needs at least 6.1% growth to meet target, say analysts
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THE PHILIPPINE ECONOMY must grow by an average of 6.1% for the rest of the year to meet the lower end of the government’s 6-7% target, the Department of Finance (DoF) said over the weekend.
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Philippines implements single electronic invoicing system for imports
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THE PHILIPPINE government has enforced a single electronic invoicing system for all imported commodities, as it explores nonmonetary measures to address rising food prices. Under Administrative Order (AO) No. 13 signed by President Ferdinand R. Marcos, Jr. on May 13, the country will implement digital and integrated pre-border technical verification…
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Insufficient expertise and resources hinders sustainability in Philippines SMEs
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With the increasing number of companies becoming sustainable, many small and medium enterprises (SMEs) in the Philippines were left behind due to a lack of expertise and resources. “Many probably do not care a lot about sustainability reporting, and it’s easy to understand why. Unlike bigger organizations, most SMEs lack…
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SM Supermalls partners with public and private sectors to combat online fraud
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Encourages shoppers to Be WAIS at Magduda against fraud and scams In an effort to fortify consumer protection in the digital sphere, SM Supermalls, in collaboration with several government agencies, advocacy groups, and Meta, embarked on a pioneering initiative, aligning with the Be WAIS at Magduda campaign against fraud and…
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Asticom shines with triple honors at 2024 Asia-Pacific Stevie® Awards
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Asticom Technology, Inc., Globe’s digital-first shared services and outsourcing arm, has secured three awards at the 2024 Asia-Pacific Stevie® Awards for outstanding tech and customer-focused initiatives. Asticom was honored with a Bronze award in the “Innovation in Technology Management, Planning & Implementation (Other Service Industries)” category for its “Digital-First Solutions,…
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Once beaten, twice evicted: LGBTQ+ Ugandans flee for safety
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KAMPALA (Thomson Reuters Foundation) – Evicted from her business. Thrown out of home. Then pummeled by family. That was enough to persuade Cindy to flee a surge in anti-LGBTQ+ violence that is sweeping her native Uganda. It is one year since President Yoweri Museveni signed the Anti-Homosexuality Act (AHA), one…
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BDO holds sustainability briefing series for its top executives
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BDO Unibank Inc. (BDO) has launched its Sustainability Executive Briefing Series to enable senior leaders to gain a broad understanding of sustainability at a strategic level specifically on risks and opportunities in environment, social, and governance (ESG) that impact their decisions on credit, investments, underwriting, insurance, and administrative operations. The…
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Zero tariff policy now extended to two-wheeled EVs, hybrid vehicles
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THE NATIONAL Economic and Development Authority (NEDA) Board on Wednesday granted tax breaks for electric motorcycles (e-motorcycles), electric bicycles (e-bicycles) and hybrid electric vehicles (EVs), as the government seeks to further promote green transport and cut carbon emissions.
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BSP signals possible rate cut in Aug.
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THE BANGKO ng Pilipinas (BSP) stood pat for a fifth straight meeting but signaled a “less hawkish” tone amid lower-than-expected inflation.