Home Credit revealed the top items for customers applying for loans HOME CREDIT LOANS — The consumer finance company recently revealed the top items for customers applying for loans. On Tuesday, Home Credit said that laptops and bicycles have become the top items for customers applying for loans. Home Credit Philippines Director and Treasurer Zdenek … Read more
The BIR will hold a summit with Shopee and Lazada in September BIR — The Bureau of Internal Revenue will hold a summit with online shopping apps Shopee and Lazada in September in order to discuss a possible partnership to determine the sales of online sellers. BIR Commissioner Lilia Guillermo said at the sidelines of … Read more
BIR: “We will use big data analysis from the social media data and identify big time online sellers and influencers.” BIR — The Bureau of Internal Revenue will use “big data analysis from the social media data” to identify big-time online sellers and influencers. The tax bureau has asserted that the agency is really determined … Read more
BSP: “The inflation target remains at risk over the policy horizon owing to broadening price pressures.” BSP — On Thursday, the Bangko Sentral ng Pilipinas said that the Monetary Board decided to hike policy rates by 50 basis points (bps) effective August 19. As such, the overnight deposit facility has increased to 3.25%, the overnight … Read more
BSP: “The public should exercise caution, conduct their own due diligence, and always be mindful of the risks prior to engaging with VA-related activities.” BSP — The Bangko Sentral ng Pilipinas recently warned the public against unregistered and foreign virtual assets. The central bank has issued a strong public warning against unregistered and foreign VASPs … Read more
Pepsi, RC, and Coca-Cola: “We are working closely with other stakeholders of the industry and the government to address the situation” PEPSI, RC, AND COCA-COLA — The softdrink makers confirmed that the softdrinks industry is facing a shortage of premium refined sugar. Pepsi-Cola Products Philippines Inc., ARC Refreshments Corp., and Coca-Cola Beverages Philippines Inc. released … Read more
Jaime Augusto Zobel de Ayala: “I want to assure everyone that Fernando is in high spirits, but he has asked for some time to focus on his health and recovery.” JAIME AUGUSTO ZOBEL DE AYALA — The businessman confirmed that his brother, Ayala CEO Fernando Zobel de Ayala, will be going on a “temporary medical … Read more
BSP: “Given the supply schedule (of the P1,000) the P500 polymer will not be available before end of June.” BSP — After assessing the public’s acceptance of the first 1000-piso polymer banknote, the Bangko Sentral ng Pilipinas may circulate 500-piso polymer banknotes in 2023. However, BSP Governor Felipe M. Medalla said that the 500-piso polymer … Read more
BSP said that the regular application window for new VASP licenses will be closed for 3 years. BSP — The Bangko Sentral ng Pilipinas said that the regular application window for new VASP (virtual asset service provider) licenses will be closed for 3 years starting September 1, 2022. In Memorandum Order M-2022-035 signed by BSP … Read more
A Shopee affiliate has entered the life insurance business SHOPEE — The Insurance Commission announced that an affiliate of the e-commerce platform has secured its license to sell life insurance products in the Philippines. Insurance Commissioner Dennis B. Funa said in a statement last August 10 that SeaInsure Life Insurance Co., Inc. (SeaLife) was granted … Read more