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
SEC’s New Beneficial Ownership Rules Take Effect in 2026
Following the previous push for stronger transparency, the Securities and Exchange Commission has officially released a memorandum for Beneficial Ownership (BO) Rules effective on January 1, 2026. With the issuance of SEC Memorandum Circular No. 15, series of 2025, the Commission has critically made a shift as to how entities
2025 Year-End Tax Compliance Checklist for Philippine Businesses
As year-end approaches, Philippine taxpayers must prepare for the upcoming series of mandatory filings and compliance requirements due within the first month of the upcoming year. These submissions are required by the Bureau of Internal Revenue (BIR) and Local Government Units (LGUs). To help businesses, employers, and professionals stay on
Can Cryptocurrencies be Subjected to Taxation?
Nowadays, Cryptocurrencies, such as Bitcoin, Ethereum, and Stablecoins like USDT, are gradually becoming well-known and not just speculative assets anymore in the Philippines, as they have been generating such economic value that even the government aims to regulate them, as the Securities and Exchange Commission have been taking steps to
Establishing Accountable AI: Governance Essentials for the Philippines
The Philippines has become one of the largest users of generative Artificial Intelligence(AI) models worldwide. Our country has placed sixth globally, with around 42.4% of Filipino internet users having used ChatGPT in September. As AI adoption accelerates, government attention has increasingly shifted toward the development of regulatory frameworks to address
RMC No. 109-2025: Clarifications from the BIR Audit Suspension
Recently, the Bureau of Internal Revenue (BIR), in cooperation with the Department of Finance (DOF), announced a temporary suspension of the issuance of new Letters of Authority (LOA) and the execution of specific audit operations under RMC 107-2025. In our prior article, we discussed the background, rationale, and general implications.
Vena Energy Secures Landmark Financing for 300-MW Solar Project in the Philippines
Vena Energy, a part of Singapore’s Vena Group’s renewable energy portfolio, has achieved a significant breakthrough in the Philippines’ transition to clean energy by securing the largest fully international-financed energy project. Namely, the Opus Solar Energy Project, a 300-megawatt (MW) stationary solar facility located in Ilocos Norte, has secured a