The Bureau of Internal Revenue said Tuesday the electronic marketplaces operating in the country such as Shoppee and Lazada should start imposing withholding tax on sellers and merchants using their online platform.
Agriculture Secretary Francisco P. Tiu Laurel, Jr. urged the Philippine Crop Insurance Corp. (PCIC) to modernize its operations and develop more affordable insurance products and services to better serve farmers, fisherfolk and livestock raisers.
Del Monte Pacific Ltd. expressed confidence it could timely and effectively manage its financial obligations after the Singapore Exchange Securities Trading Ltd., or SGX, raised concerns about its current liabilities exceeding the amount of its current assets by USD417.3 million and other financial indicators.
Jollibee Foods Corp., the country’s largest restaurant chain, said it experienced during the weekend a cybersecurity incident resulting in a personal data breach affecting the company and several of its subsidiaries.
Accessible digital credit is becoming an increasingly important growth tool for the country's smallest entrepreneurs, with one in four Tala borrowers in the Philippines now using their loans to build or expand small businesses.
Shopee Philippines is sharpening its focus on helping Filipino micro, small and medium enterprises (MSMEs) grow online, expanding seller support programs as competition intensifies in the country's fast-growing e-commerce market.
The Department of Agriculture has opened the country’s first seaweed biotechnology facilities worth P22 million at BFAR’s National Seaweed Technology Development Center in Sorsogon.
Rampver Financials, one of the country’s top investment fund distributors, has signed a distribution deal with Manulife Investment Management and Trust Corporation, the local asset management arm of global financial leader Manulife. The agreement allows Rampver clients access to a full range of Manulife unit investment trust funds through the Rampver Online digital investing platform, with minimum investments starting at just ₱1,000.