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Intercompany Agreements in the Philippines: Risk of Boilerplate Contracts

Nowadays, numerous companies are related to one another — transacting with each other every day, sharing in management costs, engaging in lending or financing activities, providing services, licensing intellectual property, and other means to help each other in their business operations. However, if such intercompany agreements in the Philippines were simply downloaded from whatever source […]

The New Role of Auditors in an AI-Driven Financial Environment

Artificial Intelligence (AI) is now becoming entrenched in business operations — from financial transactions to risk assessments, compliance, and reporting. Today, 90% of financial institutions use AI to detect fraud(2)  in real time, and 93% of financial organizations believe AI will fundamentally transform how fraud detection is done(9).  Yet despite this, U.S. consumers lost over […]

Excise Tax Suspension on Fuel in the Philippines Explained

A New Tool to Combat Rising Fuel Costs As previously discussed in our article regarding the conflict between the US, Israel, and Iran, the global prices of fuel indeed continue to fluctuate. Several businesses and most of the consumers are carrying the weight of the burden because of its domino effect on transportation, logistics, and […]

Security Will Define the Winners: Inside BSP’s Cybersecurity Push

A New Cybersecurity Proposed Mandate from the BSP With the many advancements in technology, cyberthreats are no longer considered distant risks. The reality is that therein exists an inherent exposure to imminent danger.  The Bangko Sentral ng Pilipinas (BSP) has recently proposed a mandatory Cybersecurity Control Self-Assessment (CCSA) for financial institutions, which marks a major […]

Climate Risk and Credit Stability in the Philippines

A Growing Financial Risk that Businesses Cannot Ignore Over the years, the Philippines has been known for its exposure to numerous natural disasters. Yet, a recent study from Fitch Ratings emphasized a more complex problem: climate-related risks are now becoming a related financial and credit concern for the country’s economy.  According to Fitch Ratings, a […]

PFRS 18: New Accounting Standard for Philippine Financial Reporting

A Major Financial Reporting Shift Is Approaching in 2027 Financial reporting is about to go through an evolution — and it has been considered significant in recent years. With the issuance of the International Financial Reporting Standards (IFRS) 18 by the International Accounting Standards Board (IASB)  in April 2024, its international adoption is set to […]

Expert Insights on Artificial Intelligence, FinTech, Forensics, and Corporate Governance

Last March 6, 2026, industry leaders, finance professionals, technologists, and governance experts from other regions gathered at the Golden Phoenix Hotel Manila for the forum “Artificial Intelligence, Forensics, FinTech, & Corporate Governance”.  The event was partnered by Babylon2k and its trusted partner, UHY M.L. Aguirre & Co., CPAs, that brought together over 200 participants both […]

Digital Innovation That Includes Everyone: Insights from the Cotabato ICT Summit

from Babylon2k’s Founder & Senior Partner of UHY M.L. Aguirre & Co.,CPAs at the Cotabato 1st ICT Summit Michael L. Aguirre Establishing Your Digital Fortress Last March 3, 2026, leaders from the government, academe, non-government organizations, MSMEs, and the private sector gathered in Kabacan for the Cotabato 1st ICT Summit, wherein they had an overall […]

Expanding AI in 2026: What Asia-Pacific Enterprises Must Get Right

Way back, Artificial Intelligence (AI) was just a side experiment, but now? — it is one of the boardroom-level investment priorities.  A recent study entitled “Lenovo CIO Playbook 2026: The Race for Enterprise AI”, with insights from the International Data Corporation (IDC), found that 96% of enterprises across the Asia Pacific Region plan to increase […]