Tax expert and former Bureau of Internal Revenue examiner Mon Abrea said not many people know about the reward they could possibly get for being an informant… Read more “‘Report A Social Media Influencer Evading Taxes, Get P1-Million Reward From Gov’t’”
Category: Finance
What China’s cybersecurity crackdown means for HK’s stock market?
It is expected to drive companies to list in Hong Kong, if it means they can be exempted from the review says Robert Chan, Chairman of Chan… Read more “What China’s cybersecurity crackdown means for HK’s stock market?”
BIR outs Memo on Tax for Social Media Influencers
MANILA, Philippines — The Bureau of Internal Review (BIR) today released a memorandum regarding taxation of any income received by social media influencers. This was released after… Read more “BIR outs Memo on Tax for Social Media Influencers”
Senate to probe DOH over audit report on ₱67-B pandemic funds
MANILA, Philippines — The Senate is gearing up for an inquiry into the Department of Health’s management of its over ₱67-billion pandemic response funds. In separate statements… Read more “Senate to probe DOH over audit report on ₱67-B pandemic funds”
Banks’ bad loans may rise until H1 next year
MANILA, Philippines — Banks’ bad loans are expected to pick up until the first half of next year as the country continues to struggle to contain the… Read more “Banks’ bad loans may rise until H1 next year”
Lyka flooded with encashment requests
MANILA, Philippines — Lyka, a social media app, is now flooded with encashment requests from partner merchants spooked by the Bangko Sentral ng Pilipinas’ decision to suspend… Read more “Lyka flooded with encashment requests”
PH inclusion in global dirty money watchlist to affect OFW remittances, economist warn
Hong Kong (AdChoiceTV News) — Overseas Filipino workers sending money back home may face more scrutiny after the Philippines slipped back to the Financial Action Task Force… Read more “PH inclusion in global dirty money watchlist to affect OFW remittances, economist warn”
AMLC tracks P62.5 trillion suspicious transactions
MANILA (AdChoiceTV News) — Suspicious transaction reports (STRs) involving tax crimes in the Philippines have reached P62.5 trillion over a three-year period, according to the Anti-Money Laundering… Read more “AMLC tracks P62.5 trillion suspicious transactions”
Japanese bank Sumitomo Mitsui to get 4.99% stake in RCBC
RCBC says the investment of Sumitomo Mitsui Banking Corporation will be used to support asset growth and digital investments Sumitomo Mitsui Banking Corporation (SMBC) is set to… Read more “Japanese bank Sumitomo Mitsui to get 4.99% stake in RCBC”
BSP shuts down another money changer for anti-laundering breach
MANILA (AdChoiceTV News) — The Philippine central bank is continuing its crackdown on money changers violating anti-money laundering regulations with another one being stripped by the Monetary… Read more “BSP shuts down another money changer for anti-laundering breach”
Bitcoin sinks and approaches $30,000
LONDON (AdChoiceTV News) — The price of bitcoin fell sharply on Tuesday, approaching a symbolic $30,000 threshold it has not crossed since January and dragging other cryptocurrencies… Read more “Bitcoin sinks and approaches $30,000”
Stocks index down on profit-taking; peso keeps footing
MANILA (AdChoiceTV News) — The local main stocks gauge ended the week’s first trading day in the negative territory due to profit-taking but the local currency closed… Read more “Stocks index down on profit-taking; peso keeps footing”
Self-proclaimed scammer strikes again: SEC tells public not to invest in Xian coins
The Securities and Exchange Commission has warned the public against investing in digital currency being offered by Xian Gaza which promises high turnover liquidity. Based on its… Read more “Self-proclaimed scammer strikes again: SEC tells public not to invest in Xian coins”
Philippine debt hits new high of P10.99 trillion in April 2021
The Philippine government’s total debt portfolio goes up by P217.49 billion or 2% in April from end-March as it secures both local and external financing. The Philippine… Read more “Philippine debt hits new high of P10.99 trillion in April 2021”
BIR going after Airbnb and other staycation hosts
The taxman is running after Airbnbs or short-term property rentals which have not been paying taxes, Finance Secretary Carlos Dominguez III said on Thursday. In a message… Read more “BIR going after Airbnb and other staycation hosts”
Gov’t seeks ₱1.04B refund from foreign contractor in free Wi-Fi project
AdChoiceTV News — The Philippines is demanding at least $21.8 million (or over ₱1.04 billion) from the foreign contractor in its free internet access project, as a… Read more “Gov’t seeks ₱1.04B refund from foreign contractor in free Wi-Fi project”
This 29-year-old bought a $60,000 Tesla with a credit card and earned an estimated $5,000 in rewards
Often, if using your credit card means incurring a fee, it’s better to pay another way. Why spend more than you need to? But in some cases,… Read more “This 29-year-old bought a $60,000 Tesla with a credit card and earned an estimated $5,000 in rewards”
Razon sued for ‘ilegally’ ending contract with Solaire developer
MANILA (AdChoiceTV News) — Ports and gaming tycoon Enrique Razon is reportedly facing a lawsuit in the US for allegedly not honoring a contract he forged with… Read more “Razon sued for ‘ilegally’ ending contract with Solaire developer”
Philippines raises over P24 billion from Samurai bonds — another sell out under Duterte Admin
MANILA (AdChoiceTV News) — The Philippines on Tuesday announced raising around 55 billion yen (P24 billion) from the sale of yen-denominated bonds. The cash came from the… Read more “Philippines raises over P24 billion from Samurai bonds — another sell out under Duterte Admin”
ECQ ‘ayuda’ of P1k per individual to be given in-kind according to DBM
MANILA (AdChoiceTV News) — The government will give in-kind assistance to low-income individuals in the “NCR Plus bubble” — namely Metro Manila, Bulacan, Rizal, Cavite, and Laguna… Read more “ECQ ‘ayuda’ of P1k per individual to be given in-kind according to DBM”
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