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
New Opportunity for Philippine Connectivity
The digitalization in the Philippines has been ongoing for transformation. Yet, the main problem lies in our internet connectivity, especially the part concerning the “speed” that Filipinos experience. Indeed, having a better internet connection is a good call, and the laws have been currently in favor of the same! With
Understanding the BIR Assessment (LOA, PAN, FAN-FLD)
For many business owners, nothing feels more worrisome than receiving a Letter of Authority from the Bureau of Internal Revenue (BIR). Indeed, technical terms like tax deficiency, assessments, and penalties arise, and the panic will ensue, even if businesses are compliant. But, here’s a myth we will debunk: A BIR
Global Non-Profit Sector Gets Its First Dedicated Accounting Standard
For the non-profit sector, a significant step was taken — the International Non-Profit Reporting Foundation (INPRF) has officially published the first-ever global accounting standard tailored explicitly for non-profit organizations, known as the International Non-Profit Accounting Standard (INPAS). The new standard was developed through years of collaborative effort, promising to reshape
SEC Pushes for More Transparency in Beneficial Ownership
The Securities and Exchange Commission (SEC) is moving toward much better corporate transparency with the proposed “Revised Guidelines on Beneficial Ownership Disclosure and Transparency,” issued on October 10, 2025. A Better Corporate Accountability The drafted guideline aims to reinforce and strengthen the disclosure process for those individuals who own, benefit
Near-the-Future Money: CBDC in the Philippines
Digitalization has been popular nowadays, with cashless payment options such as GCash and Maya. Likewise, the Philippines’ journey to transform the peso into a digital currency is at a crucial stage. The Bangko Sentral ng Pilipinas (BSP) has announced that banks and financial institutions will implement a wholesale CBDC, dubbed
Taxation on Go-Bags: Are Emergency Kits Subject to Levies?
Preparedness Meets Compliance With the recent events the Philippines has faced — floods, frequent earthquakes, and volcanic eruptions, it underscores the importance of being prepared for such disasters. Hence, “Go-bags” are highly encouraged for households, survival kits containing food, water, supplies, and other essentials in case of an emergency. Yet,