Monthly Archives: June 2022
Spotlight shines bright on companies that push for country’s digital breakthroughs in first P-Innovator Summit Awards
The first P-Innovator Summit, organized by the revolutionary accounting platform BABYLON2K.org (B2K) in partnership with premier training and resource center the Institute for Leadership, Entrepreneurship, and Development, Inc. (iLEAD), UHY Philippines, and other B2K Partners, recently recognized three rising companies in the country’s ongoing digital transformation roadmap. Aiming to showcase innovative companies that operate in […]
Annual Establishment Report on Wages (Labor Advisory No. 09 Series of 2022)
Annual submission of a verified itemized listing of their labor component below managerial level of all private establishments Pursuant to Article 124 of the Labor Code, as amended by Republic Act No. 6727, all private establishments are required to submit an annual report on “a verified itemized listing of their labor component, specifying the names […]
RMC 49-2022: Amendment of Q and A in RMC 24-2022 (Numbers 10, 17, 31 and 33)
Aligning provisions of RMC 24-2022 with the provisions of CREATE Act Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 49-2022 was issued on April 19, 2022 amending RMC No. 24-2022 to align the provisions with the CREATE Act and its Implementing Rules and Regulations (IRR). I. Deferment of RR No. 09-2021 (Answer […]
Introducing the New Electronic Invoicing Systems (EIS)
E-invoicing/ E-receipting requirement that affects businesses that are engaged in e-commerce and export and those classified as large taxpayers Section 237-A of the National Internal Revenue Code (NIRC), as amended through Republic Act (RA) 10963 or the “TRAIN” Law is a talking point nowadays as the BIR tapped the country’s top 100 large taxpayers to […]
P-Innovator Summit Awards Series: Naturale Labs, Inc.
Dragon Edge Group (DEG) subsidiary Naturale Labs, Inc. has helped introduce innovative products that remain competitive in the Asian market. DEG’s quality products include Cycles baby laundry detergent, Beach Hut sunblock, Cradle baby bottle cleanser products, and Bliss and Felina personal lubricant. A total of 13 DEG products currently perform well in today’s Asian market. […]
P-Innovator Summit Awards Series: COINVILLE PHILIPPINES Phils. Inc.
In 2019, the Bangko Sentral ng Pilipinas (BSP) green-lit COINVILLE Philippines, Inc. into the country’s cryptocurrency exchange industry. At that time, the industry was well on its way to a significant rise in interest among traditional portfolio managers and modern investors, with virtual currency exchange firms experiencing up to a 15-fold customer increase. As a […]
P-Innovator Summit Awards Series: Talk Innovation Corp.
According to Defend Jobs Philippines, 80% of food establishments were adversely affected by the COVID-19 pandemic as of March this year. As the health crisis continued to shutter countless restaurants and diners in the country during the height of the pandemic last year, Filipino consumers looked online for solutions to solve their hunger pangs. Talk […]
P-Innovator Summit Awards Series: Synergy Marine Pte. Ltd.
Each year, the country’s coffers earn an estimated $6 billion in remittances from over 400,000 active Filipino seafarers. However, maritime stakeholders are concerned by rampant false claims and corruption from some private and public agencies. For seasoned end-to-end maritime solutions provider Synergy Marine Pte. Ltd., ensuring the welfare of Filipino seafarers remains their top priority, […]
P-Innovator Summit Awards Series: PayLoro.com
As the country remains on track to having every Filipino signed up for digital banking services, with at least 75.5 million by 2025, the Philippines’ cashless revolution is further strengthened by eWallet and fintech startup PayLoro.com. Abreast with how rapid the digital evolution in digital financial systems is occurring, the company works with the industry’s […]
P-Innovator Summit Awards Series: PisoPay.com
Fintech solutions in the country have not fully taken off yet, with still more than 36 million unbanked Filipinos. While the country’s business financing ecosystem remains limited, many startups have already entered the E-wallet industry. One such digital company is PisoPay.com which takes pride in customizing banking solutions for its clients. Such service-oriented delivery for […]