HotelsByDay Acquires Hotel-Amenity Startup Dayaxe in Pivotal Hospitality Industry Deal

Following the latest joint guidelines from the Philippine government, all foreign nationals must have a Taxpayer Identification Number (TIN) from the Bureau of Internal Revenue in order to work in the Philippines.

Philippines: Clarifying Guidelines Issued on Work Authorization for Foreign Nationals – The Department of Labor and Employment, Department of Justice and the Bureau of Immigration have issued joint guidelines to clarify the current rules and procedures on the issuance of work authorization to foreign nationals.

Movable properties, including intangible properties such as receivables and intellectual property rights, can now be more easily used as collateral for loans under Philippine law with the enactment of Republic Act No. 11057 or the Personal Property Security Act (PPSA).

Chinese tech giant Tencent Holdings Ltd. and global investment firm KKR agreed on 4 Oct to acquire "substantial" minority stakes in Philippine technology firm Voyager Innovations that could be worth up to 175 million U.S. dollars.

Also known as digital currencies, with the best known being bitcoin, they use distributed ledgers known as block chains to track transactions. There are now hundreds in existence, as the currencies’ independence make them attractive to some users.

The Philippines’ leading airline, Cebu Pacific (PSE: CEB), expands its domestic route network and presence in Southeast Asia as it announces four new routes aimed at improving accessibility for travellers outside Metro Manila.

Following years of being bearish on the Chinese yuan, we adopted a neutral view on the currency in the middle of May amid a stabilisation of the country's foreign reserves, a cooling of trade tensions between the US and China, and support from an increase in interest rates due to gradual tightening by the People's Bank of China (PBoC). Asian currencies have broadly performed well against the US dollar, and given that China is a major trading...

The Asian Infrastructure Investment Bank (AIIB) is considering its first loan to the Philippines as the Duterte administration tries to accelerate infrastructure development through ODA funds and commercial loans.

Action jointly taken by the Foreign Ministry, the Ministry of Agroindustry, the National Service of Agrifood Health and Quality (SENASA) and the Argentine Embassy in the Republic of the Philippines has enabled Argentina to gain access to the Philippine market for its beef.