00:00The country has been awarded a nearly 25 million dollar grant to address animal and human threats in the meantime the Bureau of Internal
00:07Revenue or BIR will closely oversee the tax compliance of online marketplaces and sellers
00:13During the holiday season these and other stories in tonight's business news wrap-up by William Theo
00:21Finance secretary Ralph recto praised the country's government securities eligible dealers or
00:28GSE DS for their vital contribution to nation building by assisting the government in raising funds and promoting
00:36financial inclusion among Filipinos in
00:392024 the GSE DS helped raise a record at
00:43586 point 84 billion pesos to the government's 30th retail Treasury bond or
00:50RTV offering
00:52The country has received a twenty four point nine million dollar grant from the World Bank and the UN's Food and Agriculture
01:00Organization to help the country fight off animal and human health threats
01:06assistant secretary
01:07Constante Palabrica of the Department of Agriculture said the grant will improve pandemic preparedness and strengthen the nation's
01:15agricultural sector which is particularly vulnerable during outbreaks
01:20the
01:21Bureau of Internal Revenue or BIR will closely monitor the tax compliance of online
01:27Marketplaces and online sellers during the holiday season BIR Commissioner Romeo Lumadi jr
01:33Said online businesses found violating tax laws will be blocked including digital services provided in the Philippines by foreign
01:41Digital service providers. He also reminded consumers to ask online sellers for an official receipt
01:49The Department of Transportation or D OTR and an American digital identity and cyber security company
01:56signed a memorandum of understanding for biometrics technology
02:01According to Transportation Secretary Jaime Bautista pilot testing will be conducted at Iloilo
02:08International Airport using biometrics technology provided by ultra pass identity
02:13Corporation as part of the current trade mission led by US Department of Commerce
02:19Undersecretary for international trade Marisa Lago
02:22He added that beyond the convenience it brings this technology will help strengthen security protocols
