PayMongo, a Filipino-owned online platform payment, secures ₱12 million to support its mission of building a digital infrastructure and support the shift to digitization of Filipino-owned businesses.
News/Advisory
The Securities and Exchange Commission (SEC) released a memorandum that seeks to uphold the rights of stakeholders to inspect corporate records. This action was initiated afteCr numerous complaints against companies refusing stakeholder’s access to such records were filed to SEC.
The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) No. 92-2020, amending RMC No. 60-2020 and 75-2020, to further extend the deadline of registration for businesses engaged in digital transactions.
Loans to small businesses increased in recent months after the Bangko Sentral ng Pilipinas (BSP) placed relief measures to encourage banks to lend financial loans to companies that employ 9 out of 10 Filipinos.
The Securities and Exchange Commission (SEC), in a notice dated August 11, 2020, has issued further extended deadlines for the submission of Annual Reports (AR) in the Philippines. The circular likewise reiterates the guidelines on the filing process through various modes for the compliance of concerned corporations.
The Securities and Exchange Commission (SEC), in a notice dated August 11, 2020, has further adjusted the submission deadlines of Annual Reports, Annual Financial Statements (AFS), and General Information Sheet (GIS) due to reimplemented Modified Enhanced Community Quarantine (MECQ), which ended on August 18, 2020, covering the National Capital Region (NCR) and other areas of Luzon.
The Securities and Exchange Commission (SEC) issues new “relaxed” rules for small investors who want to open accounts to boost participation in the capital markets in the Philippines.
During the second regular session of the 18th Congress on July 27, Ang Probinsyano Party-List Representative Alfred Delos Santos appealed for local government units (LGUs) and national agencies to spare registration fees for online sellers.
The Department of Trade and Industry (DTI) stated that it will focus its efforts on manufacturing to help the Philippine economy recover and reduce dependence on international imports.
The Securities and Exchange Commission (SEC), in a notice dated July 12, 2020, has issued adjusted deadlines and submission processes of Annual Reports, Annual Financial Statements (AFS), and General Information Sheet (GIS) due to the closure of SEC’s Main Office.