The Department of Trade and Industry (DTI) places the Philippines as an investment destination amid the growing tension between the United States (US) and the European Union (EU) by leveraging their tariff perks in both economies.
News/Advisory
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.
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 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.
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 Philippine Economic Zone Authority (PEZA) released Memorandum Circular (MC) No. 2020-0035 indicating the requirements for submission of request for travel ban exemption for foreign nationals.
The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) No. 62-2020 indicating the entire list of medicines exempted from Value Added Tax (VAT) specifically for illnesses such as Diabetes, High-Cholesterol, and Hypertension.
Registered corporations in the Philippines are required to annually file their General Information Sheet (GIS) and Annual Financial Statements (AFS) to the Securities and Exchange Commission (SEC) to provide the government formal records of their corporate information and financial activities for the last fiscal year.
SEC is now accepting applications for the revival of expired corporations, following the publication of the pertinent guidelines on December 6.
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.