Tuesday, March 3, 2026
SEND TO: pressreleases@pageonemedia.ph

KPMG Data Shows 763 Fintech Deals Across Asia-Pacific In 2025

According to KPMG’s Pulse of Fintech, regional investment activity moderated in 2025 compared with prior peak years.

ONERWAY Expands Singapore Presence With MPI Approval

Regulatory developments continue in Singapore’s fintech sector as ONERWAY secures MPI status under MAS oversight. The move strengthens compliance positioning in cross-border payments.

Mambu Brings Payments Platform To Indonesia, Philippines, Malaysia And Singapore

The February 26 announcement marks the first availability of Mambu Payments in APAC.

DOF Simplifies Tax Breaks Availment For Education Initiatives

The DOF's new regulation aims to consolidate tax incentives for education, making it easier for investors to contribute to human capital growth.

DOF Simplifies Tax Breaks Availment For Education Initiatives

3084
3084

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

The Department of Finance (DOF) has issued a revenue regulation aimed at consolidating education-related tax incentives to boost investments in human capital development.

Revenue Regulations (RR) No. 13-2025 aims to simplify and consolidate outdated procedures that have hampered access to tax incentives granted under existing laws for education and training, the DOF said in a statement Wednesday.

The regulation, signed by Finance Secretary Ralph Recto on March 17, 2025 upon the recommendation of Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr., took effect on April 17, or 15 days after its publication on the BIR website.

It ensures ease of doing business while encouraging investments in primary to tertiary education, as well as technical education and skills development.

The DOF said issuance of the regulation “enhances the ease of doing business, while supporting investments in primary to tertiary education, technical education, and skills development in the country.”

“The initiative is in line with the goals set out in President Ferdinand R. Marcos, Jr.’s Philippine Development Plan (PDP) 2023–2028, which highlights the critical role of public-private partnerships (PPPs) in delivering access to quality, inclusive, and workforce-responsive education and training programs to Filipinos,” it said.

Recto said, “By prioritizing education, we are accelerating not only national development, but more importantly, we are creating more opportunities to uplift the lives of every Filipino through strategic human capital investments.” (PNA)