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BIR simplifies business registration requirements

MANILA, Philippines — The Bureau of Internal Revenue (BIR) is streamlining the documentary requirements for business registration. This is intended to cut red tape and spare applicants from delays or outright rejection. Revenue Memorandum Circular 74-2025 issued on July 18 updated the checklist to align with the implementing rules and regulations of Republic Act

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Bank of England holds rate as inflation stays high

LONDON, United Kingdom — The Bank of England kept its key interest rate at 4 percent Thursday, as elevated UK inflation offsets the country’s stagnant economic growth. The decision widely expected by markets followed a regular policy meeting and came one day after the US Federal Reserve had cut its benchmark borrowing costs for the first

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Ayala drops distribution of Volkswagen cars

MANILA, Philippines — The Ayala group’s Automobile Central Enterprise Inc. (ACEI) has come into an agreement with Volkswagen AG to end the distribution of the German brand’s vehicles in the Philippines. ACEI said in a notice to customers that, considering this, Volkswagen BGC will continue its operations until Sept. 30 only. A member of the Ayala

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GCash and InvestaTrade link up to boost GStocks

MANILA, Philippines — Financial super app GCash has teamed up with technology provider InvestaTrade to power its equities channel GStocks, aiming to offer a more “beginner-friendly” approach to demystify stock market investing. GCash and InvestaTrade have launched an upgraded GStocks platform within the GCash app. This enables retail investors to participate in the stock market