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The Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) have put their respective digital transformation programs on the fast lane this year even amid the COVID-19 pandemic to further improve tax administration for the benefit of taxpayers and raise the collection efficiency of these agencies. 

In separate reports to Finance Secretary Carlos Dominguez III…

As a self-made global leader in technology, Huawei has been championing Asian growth in internet-based technologies such as 5G, the cloud, and artificial intelligence (AI) which have become increasingly vital to business in anticipation of the economic turnaround expected in 2021.

Following the unprecedented events of 2020 which caused a massive slump in economies worldwide, sectors…

The central bank has set a limit on the amount of loans to small and large businesses that lenders can count as part of their reserve requirement compliance, Governor Benjamin E. Diokno said on Friday.

In a statement, Mr. Diokno said total loans to micro-, small- and medium-sized enterprises (MSME) and large enterprises counted as alternative…

The ASEAN Financial Innovation Network (AFIN) welcomed the inclusion of the country’s most innovative bank, RCBC among the four new members of the API Exchange of the ASEAN Financial Innovation Network (AFIN) during the Singapore FinTech Festival.

AFIN was established as a non-profit organization in 2018 by the ASEAN Bankers Association (ABA), International Finance Corporation (IFC),…

Backbase, a banking software provider, has been selected by DigiBankASIA to offer its full-stack digital engagement banking platform solution for its digital bank UNO.

Together with ecosystem partners Mambu and Amazon Web Services (AWS), Backbase is powering UNO to deliver a full spectrum of digital financial services for its initial launch in the Philippines.

Jouk Pleiter, CEO and Founder…