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Louise Maureen Simeon
Louise Maureen Simeon
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GSIS income rises to P37 billion in January-March
by Louise Maureen Simeon - April 25, 2024 - 12:00am
The Government Service Insurance System saw its net income jump by 20 percent to hit P37 billion during the first quarter on the back of strong revenues from financial assets and investments.
DOF completes team of senior officials
by Louise Maureen Simeon - April 25, 2024 - 12:00am
Three months since his appointment, Finance Secretary Ralph Recto has finally assembled a complete team that would help him consolidate the country’s finances and generate much needed revenues for state c...
Budget gap widens to P273 billion in 3 months
by Louise Maureen Simeon - April 25, 2024 - 12:00am
The country’s budget shortfall slightly increased in the first quarter as the government continued to spend more than what it generated from revenues.
Government infrastructure spending scaled up to P121 billion
by Louise Maureen Simeon - April 24, 2024 - 12:00am
The government increased its infrastructure spending by nearly seven percent to P121 billion from January to February compared to last year’s level on the back of higher disbursements for road projects, the...
As global economy slows, Philippines bats for intensified financing solutions
by Louise Maureen Simeon - April 22, 2024 - 12:00am
The Philippines has called on multilateral financial institutions to step up support and financing solutions to developing nations as the global economy hits a critical point of further slowdown.
Debt payments decline to P294 billion in February
by Louise Maureen Simeon - April 22, 2024 - 12:00am
The Marcos administration reduced its debt service to P294 billion in February amid the decline in the payment for the loan principal borrowed by the government.
World Bank wants tax system fully digitalized
by Louise Maureen Simeon - April 22, 2024 - 12:00am
Washington-based World Bank has committed to aid the Philippines in improving tax collections by taking advantage of digitalization initiatives.
Romeo Lumagui: Beyond taxes
by Louise Maureen Simeon - April 21, 2024 - 12:00am
Whether it’s a selfie, an autograph or a video greeting — the country’s top taxman willingly obliges as he tries to bring the difficult yet necessary concept of tax closer to Filipinos. There is...
Pagcor names new president, COO
by Louise Maureen Simeon - April 20, 2024 - 12:00am
State-run Philippine Amusement and Gaming Corp. (PAGCOR) has welcomed its first woman president and chief operating officer (PCOO).
Customs seizes P18 billion smuggled goods in Q1
by Louise Maureen Simeon - April 19, 2024 - 12:00am
The Bureau of Customs confiscated P18 billion in smuggled goods in the first quarter as the entry of illegal items into the country remains a problem.
IMF sees P1.5 trillion collections from reformed VAT system
by Louise Maureen Simeon - April 19, 2024 - 12:00am
The government can collect at least P1.5 trillion from value-added tax if only the long list of exemptions and relief measures are eliminated to maximize revenue gains, according to the International Monetary F...
World Bank supports development of key sectors in Philippines
by Louise Maureen Simeon - April 18, 2024 - 12:00am
Washington-based World Bank has committed to support the Philippines’ initiatives on key sectors such as energy, agriculture and digitalization to boost economic growth.
IC now requires public registry of insurance agents
by Louise Maureen Simeon - April 18, 2024 - 12:00am
The government has mandated insurance firms to establish a public registry of their sellers and agents in a bid to boost consumer protection on various financial products.
Private firms urged to tap EWA services
by Louise Maureen Simeon - April 17, 2024 - 12:00am
The private sector is urged to tap earned wage access services to reduce financial stress among Filipinos who often run low in cash as they await the next paycheck.
Government releases P3.4 billion calamity funds in Q1
by Louise Maureen Simeon - April 17, 2024 - 12:00am
The government released a total of P3.4 billion in calamity funds in the first quarter of the year as it financed various disaster relief operations.
T-bill rates rise across the board
by Louise Maureen Simeon - April 16, 2024 - 12:00am
Rates for the government’s short-term securities went up across the board as investors expect that policy easing here and abroad will likely be pushed further down the road.
RTB issue hikes borrowings to P420 billion in February
by Louise Maureen Simeon - April 16, 2024 - 12:00am
The government borrowed 22 percent more in February primarily due to the issuance of Retail Treasury Bonds aimed at financing state projects.
New Mandaue city hall gets P3 billion financing
by Louise Maureen Simeon - April 12, 2024 - 12:00am
State-run Development Bank of the Philippines has extended a P3-billion loan financing to the local government of Mandaue in Cebu for the construction of a center that would boost delivery of services.
No extension: Tax filings to lift BIR collections to P406 billion in April
by Louise Maureen Simeon - April 12, 2024 - 12:00am
The Bureau of Internal Revenue is expecting to collect more than P400 billion this month, largely driven by the annual income tax return filing which will not be extended beyond April 15.
Maharlika organizational structure being finalized
by Louise Maureen Simeon - April 11, 2024 - 12:00am
The Governance Commission for GOCCs is now finalizing the organizational structure and staffing pattern of state-run Maharlika Investment Corp., which will be up for approval by President Marcos.
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