Cryptocurrency exchange operator Philippine Digital Asset Exchange (PDAX) and the Bangko Sentral ng Pilipinas are supporting the creation of a crypto-and-fintech regulatory "sandbox."
Published January 16, 2021, 7:00 AM
Multisectoral groups, comprising of 51 largest and widely-represented private sector associations, have urged for the immediate enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill to boost market confidence, save jobs and provide instant relief to businesses’ suffering from the COVID-19 impact.
“We, members of some of the largest and most widely-represented private sector groups in the country, reiterate our strongest and unequivocal support for the immediate enactment of the CREATE Bill,” stated the joint statement.
Congress has been deliberating the CREATE Bill for three years already, but both Houses have a hard time reconciling their versions.
Private sector groups reiterate call for immediate passage into law of CREATE bill By TED CORDERO, GMA News
Published January 15, 2021 1:10pm Fifty-one of the country’s largest private sector and business groups on Friday called anew for the immediate passage into law of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill. “We humbly request the Senate and the House of Representatives to move quickly and decisively to push CREATE forward and ensure its immediate enactment,” the groups said in a statement. “We join the multisectoral call for the passage of this important legislative measure with urgency. After three years of deliberation, every day of delay comes at the risk of losing more jobs and hemorrhaging more investments,” the groups added.
SunStar
+ December 30, 2020 THE inability to process and analyze big data among fresh graduates has been pinpointed by company headhunters as one of the biggest problems in hiring new candidates.
While the corporate side has been generous enough to provide short courses for new recruits to speed up competence and compatibility in the company, life-long learning and the establishment of learning roadmaps must be in place to turn Filipinos into digital superstars excelling in the digital transformation sphere, speakers of the recent World Fintech Festival held in the Philippines said.
Sprout Solutions co-founder and product head Alexandria Gentry said apart from company-mandated training and self-initiated crash courses by newly minted workforce members, the government must also play an active role in revisiting and restructuring the academic curriculum.
PH fintech groups unveil app testing platform
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The two Philippine FinTech groups FinTech Alliance.PH and FinTech Philippines Association – have announced plans to collaborate on the launch of the Philippines Fintech Industry Sandbox, which is supported by the UK Prosperity Fund Asean Economic Reform Program (Asean ERP).
“The collaboration between the fintech organizations which was announced during the World Fintech Festival on December 11, 2020 is a significant milestone towards the development of an industry sandbox in the Philippines,” said Alastair Totty, charge d’affaires at British Embassy Manila
“Through the Financial Services and Intellectual Property component of the Asean ERP, the UK is delighted to support the sandbox initiative which is a key element in the country’s digital transformation, that will help promote innovation and collaboration, and scale up business opportunities and sustainable economic recovery.”