The Bureau of Internal Revenue (BIR) has announced that online merchants with earnings amounting to more than P500,000 annually are now subject to a 1-percent withholding tax.
In its advisory, the SEC said Pecado, headed by its president named Eliseo Jojo Prisno, is enticing the public to invest in Pecado’s registered digital assets.
Aboitiz-owned common tower operator Unity Digital Infrastructure said it will enter 2024 with approximately 1,100 tower sites after recently closing 250 and 79 towers sites from Smart Communications and Globe Telecom, respectively.
Philippine cryptocurrency exchange PDAX has announced its involvement with the Bureau of the Treasury of the Philippines (BTR), Landbank of the Philippines, and the Development Bank of the Philippines (DBP) enabling the government to issue its first-ever Tokenized Treasury Bonds (TTBs).
The Department of Trade and Industry (DTI) said the data center projects to be developed under the MOU is set to reach a total capacity of up to 500 megawatts.
Fiber broadband provider Converge ICT Solutions posted a 7% increase in consolidated revenues to P26.25 billion at the end of September 2023 compared to the same period last year amid an expansion in its residential customer base, surpassing the 2-million mark to 2,048,286.
The National Economic and Development Authority (NEDA) has stressed that pro-competitive policies and regulations in the digital markets are key to ensuring that affordable, high-quality digital services and products are available to Filipino consumers and businesses.
The SEC recorded a total of 42,926 corporate registrations in 2022, 13% higher than the 38,052 seen in 2021 -- a record high for the agency’s 85- year history as the country’s company registrar.
Earlier, ACT Teachers party-list representative France Castro said Globe should reconsider its decision to charge a late payment fee, saying Internet and cellular communication now is no longer a luxury but a necessity.
LandBank clients can enjoy waived transfer fee for their first three online fund transfers in a day via the LandBank Mobile Banking App (MBA), and the bank’s online retail banking channel, the iAccess.
