BABYLON2K CHRONICLES
Audit Trails and Financial Tales
Welcome to a realm where numbers come to life, and financial tales weave a narrative that goes beyond the balance sheets, unlocking the secrets of Babylon2k’s financial universe.
How To Apply for a Pag Ibig Multi-Purpose Loan Online (MPL)
Applying for a Pag-IBIG Multi-Purpose Loan (MPL) has never been easier! Gone are the days of standing in long queues and navigating through piles of paperwork. Today, all you have to do is complete all the requirements and apply directly on Pag-IBIG’s official website. This streamlined online process allows you
How to Account for Inventories: A Practical Guide for Businesses
For many businesses and startups, Inventory is one of the crucial assets on the balance sheet — practically because it is the main derivation of sales. Yet, it is also one of the most misunderstood. Inventory is not just about “stock”; it is cash sitting on your shelves or in
Philippine SEC Updates: What Businesses Should Know in Early 2026
SEC Just Changed the Compliance Landscape The Securities and Exchange Commission (SEC) has released major regulatory updates this first quarter of 2026, and notably — these are not just procedural changes but substantial in form. The changes are pertinent to: Statutory audit requirements Authorized Capital Stock (ACS) increases Beneficial Ownership
Global Tech Failures: Why Philippine Businesses Must Respond Immediately
Most of the corporate entities today — from banking systems, to logistics platforms, e-commerce stores, and other forms of business organizations, are exposed to the growing risk of global technology failures as they rely on major cloud providers. With the recent service failures in 2025, indeed, global technology providers are
Impact of the 2026 Minimum Wage Hike on Philippine Businesses
Recent adjustments by the Regional Tripartite Wages and Productivity Board across the Philippines have affected millions of workers, increasing their daily earnings. Indeed, as these adjustments take effect, most companies look for a specific number: the new daily rate that they will have to implement. For employers, especially for Micro,
How Long Can an Independent Director Serve? A Guide to the SEC’s New Rules
From Proposal to Policy In our prior article, we noted that the Securities and Exchange Commission is drafting a circular proposing much stricter term limits for independent directors in corporations. At the time, the objective was clear: Promote accountability & integrity Improve board independence Restore corporate oversight As of today,
New International Standard Requires Climate-Related Disclosures from Public-Sector Entities
The International Public Sector Accounting Standards Board (IPSASB) recently released Sustainability Reporting Standards 1, known as Climate-related Disclosures, to provide governments and public sector entities with guidance on how to report and disclose climate-related risks and opportunities. What Is IPSASB Sustainability Reporting Standard 1 (SRS 1)? The IPSASB SRS 1