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
President of the Philippines Extends Tax Relief to Power Plants
On December 3, 2025, through Executive Order 106, President Ferdinand Marcos Jr. once again extended the tax relief to Independent Power Producers (IPPs) operating under Build-Operate-Transfer (BOT) agreements with the government-owned or controlled corporations. This step by the President was deemed a continuation of the policy reinstituted earlier in the
Understanding Auditing in the Electric Vehicle Industry
The Electric Vehicle (EV) industry is no longer a “futuristic” ideal, rather, it is the current trend. A fast-evolving ecosystem driven by advanced technology, aiming for sustainability and even to accumulate data. As EV adoption increases globally, a critical yet often overlooked function is stepping into place: Auditing. From battery
Digital Identity & E-Signatures: Regulatory Frameworks & Issuances
In our prior discussion, we explored how Digital Identity Systems and Electronic Signatures are changing the way modern corporate governance operates in the Philippine context, with attendant benefits such as stronger authentication, reduced fraud risk, and optimized approvals and system integration. Building on that foundation, we will now shift to
Digital Identity & E-Signatures: Moving Towards Paperless Corporate Governance
The pace of technological progress has accelerated, and companies are also shifting towards embracing digitalization. Digital Identity Systems and Electronic Signatures (e-signature) have arisen as vital tools for modern corporate governance. Across the globe, and increasingly in the Philippines, these innovations are redefining how boards of directors, corporators, and regulatory
BIR Temporarily Suspends Issuance of LOA and Audit Operations
Recently, the Bureau of Internal Revenue (BIR), along with the Department of Finance (DOF), ordered a temporary suspension regarding the issuance of Letters of Authority and the conduct of audit operations of the BIR, which is a move that immediately caught the attention of businesses, accountants, and tax professionals. The
Understanding Your 13th Month Pay
The Christmas season is just around the corner, and Filipino employees now look forward to one of their most-awaited year-end benefits: the 13th-month pay. To many, it is known as a mandatory payout. Yet, some still misunderstand how it works, who is entitled, and how it should be computed. Let’s