SEC expands partnership with LANDBANK for more payment options

THE SECURITIES and Exchange Commission (SEC) has expanded its partnership with state-run Land Bank of the Philippines (LANDBANK) to provide more payment options for the transacting public.   In a press release on Tuesday, the regulator said that it signed on Nov. 28 a memorandum of agreement with LANDBANK, which will allow payments for SEC-related transactions […]

Understanding transfer pricing methodologies

In our previous articles on transfer pricing (TP), we have discussed the functions, assets, and risks (FAR) analysis, entity characterization, and industry analysis. This time, we will talk about the different transfer pricing methodologies. The Organisation for Economic Co-operation and Development (OECD) Transfer Pricing Guidelines provide five methodologies that are widely used and accepted by […]

Internet transactions bill approved unanimously by House committee

THE proposed Internet Transactions Act, which seeks to establish an electronic commerce (e-commerce) bureau, was unanimously approved by the House Trade Committee on Wednesday. The committee had consolidated several bills before voting for the version it approved, invoking section 48 of the rules of the House of Representatives, which allows records of past proceedings to […]

Digital transactions via LANDBANK surge in the first semester

DIGITAL TRANSACTIONS coursed through Land Bank of the Philippines (LANDBANK) increased in the first half, driven by increasing demand and the government’s push for online financial services. The state-run bank facilitated a total of 77.6 million transactions amounting to P1.4 trillion in the first six months of the year, LANDBANK said in a statement on […]

Digital tax may be difficult to implement, experts say

By Diego Gabriel C. Robles THE PHILIPPINE government’s plan to impose taxes on digital transactions may be difficult to implement since it requires the voluntary compliance of foreign companies, experts said. “Taxing digital transactions is a development that we cannot stop. Transactions are mostly digital and huge income are made and derived on the digital […]

Public-Private Partnerships Online Masterclass is Now Back by Popular Demand

Singapore, Nov 10, 2021 – (ACN Newswire via SEAPRWire.com) – Infocus International Group, a global business intelligence provider of strategic information and professional services, is bringing back the highly recommended Public-Private Partnerships (PPP) online masterclass which will be commencing live on 7 March 2022. We need new infrastructure. Roads, airports, schools, hospitals and housing: the […]

National ID seen easing remittance transactions

THE NATIONAL ID initiative will help simplify the remittance process for recipients, an analyst for the Economist Intelligence Unit said. The biggest beneficiaries could be rural residents currently experiencing difficulty proving their identities for cash transfers, according to Swarup Gupta, industry manager at the EIU said. “That could really change things, because that makes identification […]

PayMaya addressing customer reports on unauthorized transactions

MOBILE WALLET firm PayMaya Philippines is addressing concerns of users regarding unauthorized transactions using cards linked to their accounts. “We have indeed received reports that some of our PayMaya customers recently experienced suspicious and unauthorized transaction attempts involving MasterCard, Inc. or Visa, Inc. cards linked to their PayMaya accounts,” PayMaya Head of Public Affairs and […]

Aismixer Launches Its Coin Shuffle Service Platform, Protecting Users’ Privacy

Hong Kong, May 23, 2021 – (ACN Newswire via SEAPRWire.com) – Recently, Aismixer has announced the launching of its coin shuffle platform which can protect users’ privacy to the maximum extent. Coin shuffle, is a word that sounds dim and dark. But in fact, most coin shuffle services are legal. According to Chainalysis, an analysis […]