Fintech Alliance.Ph

By: FintechNews
Source: fintechnews

Kenneth Stern, the former General Manager of Binance in the Philippines, has officially parted ways with the company. This development follows an advisory by the Philippines’ Securities and Exchange Commission (SEC), which warned that Binance is not authorised to offer securities in the country and is not registered as a corporation there.
Kenneth Stern
Stern’s…

By: BusinessWorld
Source: businessworld

TRANSACTIONS made through the Bangko Sentral ng Pilipinas’ (BSP) InstaPay and PESONet gateways rose further at end-September amid the continued adoption of digital payments.
The value of transactions done through the BSP’s automated clearing houses InstaPay and PESONet climbed by 30.1% to P9.24 trillion at end-September from P7.1 trillion in the same period a…

By: ManilaBulletin
Source: manilabulletin

The Bangko Sentral ng Pilipinas (BSP) will start its pilot testing of the International Transactions Reporting System (ITRS) next week for a more transparent disclosure of banks’ foreign exchange (FX) transactions.
In a memo on Wednesday, Oct. 25, BSP Deputy Governor Francisco G. Dakila Jr. reminded all banks that the dissemination of the extensible…

By: Philstar
Source: philstar

Based on the final draft of the revenue regulation posted on its website over the weekend, the BIR will impose a creditable withholding tax on income payments made by electronic marketplace operators to online merchants.
MANILA, Philippines — The Bureau of Internal Revenue (BIR) is in the final phase of its plan to impose…

By: BusinessMirror
Source: businessmirror

RAISING urgent concerns over looming cybersecurity threats, a lawmaker stressed the need to “tackle preemptively” the factors that could heighten risks to financial institutions and public utilities in the wake of the hacking spree targeting government institutions.

A statement quoted Senator Sherwin T. Gatchalian as saying the incidents of hacking appears to be…

By: BusinessInquirer
Source: businessinquirer

UPDATED MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. on Thursday said that the Maharlika Investment Fund (MIF) will push through.
In a speech before flying to Saudi Arabia, Marcos said he was “a bit alarmed” about reports that the MIF was postponed.

“I was a bit alarmed by the news reports early this morning that…

By: BusinessInquirer
Source: businessinquirer

MANILA  – The Securities and Exchange Commission (SEC) is stepping up cybersecurity efforts to raise its defense capabilities against a growing number of attacks against state agencies.
This includes the establishment of a dedicated cybersecurity division as well as skills upgrades for cybersecurity personnel, officials said in a recent interview.
“We are the repository of…

DOF Secretary Ben Diokno’s Message to the
FinTech Alliance SFF PH Pavilion
Hon. Benjamin E. Diokno, Secretary of the Department of Finance, lauded the private sector’s efforts to join the government’s mission in unlocking the Philippines’ full economic potential.

“I commend the Fintech Alliance for mounting the Bagong Pilipinas Country Pavilion. This is an excellent opportunity to showcase…