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Louise Maureen Simeon
Louise Maureen Simeon
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Infrastructure projects get better loan terms from Japan
by Louise Maureen Simeon - March 28, 2024 - 12:00am
The Philippines has secured better financing terms for two big-ticket infrastructure projects funded by the Japanese government aimed at improving public transport and road connectivity.
Digital TIN IDs issued reaches 100,000
by Louise Maureen Simeon - March 28, 2024 - 12:00am
he Bureau of Internal Revenue has issued 100,000 tax identification number IDs in digital form as more Filipinos opt out from lining up at district offices.
BTr raises P120 billion from T-bond sale
by Louise Maureen Simeon - March 27, 2024 - 12:00am
The government raised the entire program of P120 billion in long-term securities this month even as investors’ asking rates were mixed.
DOF: GFIs can seek extended relief after Maharlika infusion
by Louise Maureen Simeon - March 27, 2024 - 12:00am
Government financial institutions Land Bank of the Philippines and Development Bank of the Philippines will likely seek an extension of its regulatory relief following contributions to the country’s sovereign...
P1.1 billion released to restore heritage school buildings
by Louise Maureen Simeon - March 27, 2024 - 12:00am
The Department of Budget and Management has released P1.1 billion to conserve and restore heritage school buildings in the country.
Excise tax on single-use plastics to yield P34 billion
by Louise Maureen Simeon - March 26, 2024 - 12:00am
The move to slap excise taxes on single-use plastics is seen generating P34 billion for the government and curbing the increasing mismanagement that contributes to overall pollution.
Government sets P585 billion borrowings in Q2
by Louise Maureen Simeon - March 26, 2024 - 12:00am
The government is set to borrow P585 billion from the domestic market in the second quarter amid hopes of more favorable interest rates here and abroad.
BSP widely expected to keep rates steady
by Louise Maureen Simeon - March 26, 2024 - 12:00am
The Bangko Sentral ng Pilipinas is expected to keep rates unchanged in its next policy meeting, with the likelihood of huge rate cuts getting smaller and smaller.
‘No new taxes likely until 2028’
by Louise Maureen Simeon - March 25, 2024 - 12:00am
The stance of Finance Secretary Ralph Recto against new taxes could extend until the end of the administration as the government will try to focus on improving tax collection efficiency first.
BIR attempts ‘friendly’ tack
by Louise Maureen Simeon - March 24, 2024 - 12:00am
February is not just the love month, it also marks the start of a yearlong campaign for the Bureau of Internal Revenue (BIR) to encourage the public to pay their tax obligations. After all, collecting P3.05 trillion...
Insurance penetration rate slips further to 1.6 percent
by Louise Maureen Simeon - March 23, 2024 - 12:00am
The insurance industry saw its net income rise to P48 billion last year, but its contribution to the overall economy slipped further for the second straight year to only 1.6 percent.
‘Economic decisions independent from politics’
by Louise Maureen Simeon - March 23, 2024 - 12:00am
Finance Secretary Ralph Recto has maintained that his decisions will be separated from his long-standing political background as he pushes for the country’s economic progress.
Recto sees ‘realistic’ 6-6.5 percent growth for Philippines
by Louise Maureen Simeon - March 23, 2024 - 12:00am
Finance Secretary Ralph Recto is looking at a “more realistic” economic growth of at least six to 6.5 percent for this year, with medium-term economic expansion likely to be tempered as well.
GSIS taps Maya for payments
by Louise Maureen Simeon - March 22, 2024 - 12:00am
State-run pension fund Government Service Insurance System is expanding its payment channels through a partnership with digital bank Maya Bank Inc.
DBM releases P1.3 billion to light up public schools
by Louise Maureen Simeon - March 22, 2024 - 12:00am
The Department of Budget and Management has released nearly P1.3 billion for the electrification of public schools nationwide.
HMOs incur higher P4.3 billion losses in 2023
by Louise Maureen Simeon - March 21, 2024 - 12:00am
The health maintenance organization industry suffered a bigger net loss of P4.3 billion in 2023, marking the second straight year of a weak bottomline, as benefits and claims by its members soared.
Philippines has potential to grow into $2 trillion economy – WEF
by Louise Maureen Simeon - March 21, 2024 - 12:00am
The Philippines can potentially expand to a $2-trillion economy over the next decade if investments in key sectors will be sustained, particularly in education and human development, according to a top official...
P76.1 billion COVID-19 allowance for health workers released
by Louise Maureen Simeon - March 21, 2024 - 12:00am
The health emergency allowance of health workers who served during the COVID pandemic amounting to P76.1 billion has been released.
PAGCOR cuts e-game rates to encourage more investments
by Louise Maureen Simeon - March 20, 2024 - 12:00am
State-run Philippine Amusement and Gaming Corp. will reduce remittance rates for online and on-site betting platforms by next month in a bid to encourage more investments in the gambling sector.
T-bill rates ease ahead of Fed meet
by Louise Maureen Simeon - March 19, 2024 - 12:00am
Rates for the government’s short-term securities eased for the second straight week ahead of the monetary policy decision of the US Federal Reserve.
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