News

Cloey Mangali

19 Online Lending Companies Ordered To Cease Operations By The SEC

The Securities and Exchange Commission (SEC) issued a cease and desist order (CDO) against 19 lending companies that failed to secure the necessary licenses to operate. The country’s corporate regulator issued the CDOs following complaints of harassment, inv...

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Cloey Mangali

PH Economy Remains Strong, Property Reform Measure Greenlit, New Power Suppl...

PH Economy Remains Among the Strongest In The Region In 2019 According to Fitch RatingFitch Ratings is confident that the Philippine economy will remain among the strongest in the region this year with a growth of 6.1%.In a report on the APAC Sovereign Credit ...

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Kristel Serran

NPC Files Charges Against Three Online Lending Firms For Harassing Borrowers

As we reported last June, the National Privacy Commission’s (NPC) is cracking down on private loan firms over threats to delinquent borrowers. Now, as of last Friday (September 6), the NPC has announced that three of online lending firms face jail time for p...

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Cloey Mangali

Lower National Debt, Taxes For Chinese Workers, And More Financial News

Senator Ralph Recto Backs Government Plans to Collect Taxes from Chinese Workers in PHSenate President Pro Tempore Ralph Recto agrees with the government’s plan to collect income taxes from all Chinese workers in the country.The Department of Finance (DOF) a...

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Cloey Mangali

PWD Discount, Top Philippine Companies, Corporate Income Tax Reduction, And ...

BIR releases new regulations granting PWDs a special 5% discount on basic necessitiesAccording to the latest regulations released by the Bureau of Internal Revenue (BIR), Persons with Disabilities (PWDs) will be entitled to a five percent special discount on b...

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Dino Mari Testa

RFID Fee Refund, Road Accountability, Araneta-Aurora Intersection Closure, A...

LTO now issues refunds for RFID feesIf you’re one of the 85,657 motorists who coughed up a fee for the Land Transportation Office’s (LTO) botched radio frequency ID (RFID) project, then you’re up for a refund starting this month.In 2009, LTO struck a P2....

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Cloey Mangali

Mining Tax Reform, Manila-Bicol Railway, And This Week's Hottest Financial N...

Mining Tax Reform still targeted by the government as per DOFEven though it was not mentioned in President Rodrigo Duterte’s latest State of the Nation Address (SONA) last July 22, increasing the state’s share in mining revenues is one of the tax reforms t...

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ATM Charges
Cloey Mangali

Brace Yourselves: ATM Interbank Charge Fees Could Go 50% Higher

Automated Teller Machines (ATM) fees are feared to go up at least 50% after the Bangko Sentral ng Pilipinas (BSP) lifted the 2013 moratorium order suspending ATM fee hikes.Currently, depending on the bank, a single interbank withdrawal costs around P10 to P15 ...

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2019 Philippine Holidays
Kathryn Jalbuena

Updated: Official List Of 2019 Philippine Holidays

UPDATED: Malacañang has released the official list of regular holidays and special non-working days for 2019. We all know what that means: Time to start thinking about how and when to plan your next big trip for 2019!So how many days off are there exactly?The...

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Cloey Mangali

Meralco Rates Drop; Alcohol Beverage Tax And New Endo Bill To Be Pushed; And...

Meralco electricity rates continuously drop for the fourth month this AugustElectricity users in the National Capital Region (NCR) and surrounding areas will see lower bills for the fourth straight month this August as Manila Electric Co. (Meralco) announced l...

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