It’s almost that time of the year again, the time where business proprietors and entrepreneurs need to get ready for a new year of operations. And with the approach of January comes not only the glittering fireworks and the wishful New Year’s resolutions but also the duties of filing of tax documentation, and of course the renewals of business permits.
Princess Althoma Brima
The Department of Trade and Industry (DTI) recently partnered with leading digital financial service providers to provide Filipinos with a more accessible and convenient way of registering and renewing business names in the government through ePayment providers available online.
Makati City 2nd District Representative Luis N. Campos Jr. filed House Bill 1440 (HB 1440) which seeks to provide incentives for Overseas Filipino Workers (OFWs) or Filipinos residing overseas with existing businesses in the Philippines.
Foreign nationals working in the Philippines may now anticipate a faster application process for Alien Employment Permit (AEP) through a newly launched one-stop-shop by the Department of Labor and Employment (DOLE) in Manila.
According to the National Privacy Commission (NPC), the Philippine government is now taking further initiatives towards increasing the standards of business data privacy in the country.
The Philippine government is now encouraging local and foreign entrepreneurs to establish or develop their own startup company by offering special incentives and eliminating existing financial constraints to promote innovation in the country’s startup community.
The Bangko Sentral ng Pilipinas (BSP) announced that it is working with various government agencies and corporate partners in the development of credit scoring models and the establishment of a credit risk database to support Micro, Small, and Medium Enterprises (MSMEs) in the country.
The Bangko Sentral ng Pilipinas (BSP), or the central bank of the Philippines, assured the public on Tuesday, August 13, that banks nationwide are not authorized to increase their automated teller machine (ATM) transaction charges without the BSP’s approval.
The Bangko Sentral ng Pilipinas (BSP) announced the approval of new risk management guidelines for all financial investments in banks and quasi-banks (QBs).
President Rodrigo Duterte has officially signed into law Republic Act No. 11337, or better known as the Innovative Startup Act, a new law seeking to remove barriers and provide tax benefits to all registered startup companies in the Philippines.