For years, Allysa Fabiaña manually listed daily sales and expenses from her ukay-ukay business and had no access to simple digital services. Today, she’s one of the thousands of users who operate their business using only a smartphone with SME superapp Enstack. “Enstack has allowed us to...
Debt payments by the Philippine government breached the P1-trillion mark last year amid heightened borrowings during the prolonged pandemic, data from the Bureau of the Treasury showed. From January to December 2021, the national government’s debt servicing amounted to P1.204 trillion, an...
The Las Pinas City Council, headed by Vice-Mayor April Aguilar, has extended the deadline for the payment of business permits, licenses, taxes and other commercial and industrial fees and charges until March 31 without interests, penalties, and surcharges. Mayor Imelda Aguilar immediately signed...
Debt servicing by the Philippine government jumped 203 percent in November due to higher interest and principal payments, data from the Bureau of the Treasury revealed. The national government's debt payments hit P81.34 billion in November last year, that is 203 percent more than the P26.79 billion...
Debt payments by the Philippine government declined significantly in August due to lower principal payments to domestic creditor, data from the Bureau of the Treasury showed. The national government's debt servicing reached P75.08 billion last August, 51 percent lower than the P152.39 billion paid...
The Philippines balance of payments (BOP) position registered a $1.04 billion surplus in August, resulting in lower deficit in the first eight months of the year, the central bank reported. Philippines' end-August BOP deficit is reduced to $253 million Data from the Bangko Sentral ng Pilipinas...
Smart Padala by PayMaya, one of the leading financial service providers in the Philippines, and Western Union, a global leader in cross-border, cross-currency money movement and payments, have come together to offer Western Union money transfer services at select Smart Padala agents across the...
The Anti-Red Tape Authority (ARTA) has expressed support for Senate Bill (SB) 1764 or the proposed Use of Digital Payments Act that allows the digital collection of taxes and fees, payments, and other disbursements. File photo SB 1764 mandates the use of digital payment in the collection of taxes,...
BETTER DAYS Senator Sonny Angara By the time this column comes out, two of the country’s biggest e-commerce platforms — Lazada and Shopee — would be wrapping up their respective “9.9” (September 9) online sales, where customers can purchase almost anything at either discounted rates or...
The national government plans to spend more than P1 trillion to settle some of its liabilities next year, but at the same time borrow over P2 trillion, data from the Department of Budget and Management (DBM) revealed. Under the proposed budget plan for 2022 submitted to Congress, the national...
The local government units (LGUs) may conduct digital payment or tap financial service providers (FSPs) to distribute the financial assistance to residents affected by the implementation of the enhanced community quarantine (ECQ) from August 6 to 20, the Department of Social Welfare and Development...
A Department of Labor and Employment (DOLE) official has asked for the understanding of quarantine hotels that have been waiting on the Overseas Workers Welfare Administration’s (OWWA) payments in connection with the services they rendered to repatriated overseas Filipino workers (OFWs) amid the...
