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Nov 29 2020 Senate approves CREATE bill, sets to provide economic stimulus to businesses
Finance Secretary Carlos Dominguez III has thanked the Senate for making history with its approval on Thursday of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act. Once signed into law, CREATE will finally put in place long-needed reforms in the country’s corporate tax and fiscal incentives system.
Dominguez said the Senate’s timely passage of…
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Nov 29 2020 Firms going digital amid pandemic
THE MARKET has seen an increase in smaller businesses amid the coronavirus pandemic, with most firms tapping digital platforms to reach their customers.
Lazada Philippines said some of its merchants have seen a sizeable increase in sales as they used the platform amid the coronavirus pandemic.
“During COVID, we have 2.5 times more in daily sales than…
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Nov 29 2020 8 Top Funded Fintech Startups in the Philippines 2020
The Philippines is home to a striving fintech industry comprising more than 190 ventures operating in lending, payments, credit scoring, and more and the top funded fintech startups in the Philippines gives us a sense of what investors and startups believe to the biggest opportunities within the ecosystem.
As the momentum continues, we look today at some of…
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Nov 29 2020 Digital payments stepping-stones to the next normal
The Next Normal will no doubt require a radical rethinking of how we approach interactions services, including how we make and receive payments. Digital payment systems offer the best approach for streamlining financial transactions, and will make it easier for us to keep a safe distance from others.
In the World Bank’s 2020 Philippines Digital Economy…