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
Internet Transactions Act Now Live — What You Need to Know
What’s New? Republic Act 11967—also known as the Internet Transactions Act (ITA)—has officially entered full effect as of June 20, 2025, concluding its 18‑month compliance lead time. This law empowers the Department of Trade and Industry (DTI) to: Why It Matters New Powers for Government & Platforms Private Sector Cheers Major
Offshore Wind in the Philippines Just Got a Boost—Here’s What You Need to Know About the DOE’s New Permitting Guidebook
What’s the Big Deal? The Department of Energy (DOE) just released the “Compendium: Guidebook to Permitting and Consenting for Offshore Wind Energy Projects.” In a sector long known for red tape, this is a breakthrough document—designed to make it faster, clearer, and more consistent to develop wind farms in Philippine
Can Philippine Tax Collections Keep Up With Its Growing Debt?
As of 2024, the Philippines is sitting on a total debt pile of ₱16.05 trillion—about 60.7% of GDP. Of that, ₱5.14 trillion (USD 137.6 billion) is external debt. That means roughly 30% of our entire economy is owed to lenders abroad—from multilateral powerhouses like the ADB, World Bank, IMF to
BIR Clarifies VAT Zero-Rating Confusion for Suppliers of EOEs & RBEs
If you’re a local supplier dealing with Export-Oriented Enterprises (EOEs) or Registered Business Enterprises (RBEs), you know the drill: the constant back-and-forth, the refusal to honor VAT zero-rating certificates, or the demand for BIR confirmation. It’s a common headache that slows down transactions and creates unnecessary friction. But here’s the
The Ultimate Guide to Agricultural Taxes in the Philippines
In addition to being the foundation of the Philippine economy, agriculture is a growing industry that merits understanding, particularly with regard to taxation. This guide explains what you need to know about Philippine agricultural taxes, whether you’re an agribusiness owner, farmer, or just interested in the system’s operation. What’s the
SEC’s New Crypto Rules: What Philippine CASPs Need to Know
As the Philippines climbs to 8th in the world for crypto adoption—moving an estimated $40 billion in crypto value between July 2023 and June 2024, according to Chainalysis—the SEC isn’t sitting back. On May 30, 2025, it issued Memorandum Circulars Nos. 4 and 5 to lay down the law for