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Louise Maureen Simeon
Louise Maureen Simeon
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DBP extends P77 billion loans to energy sector
by Louise Maureen Simeon - April 2, 2023 - 12:00am
State-run Development Bank of the Philippines has financed 92 projects worth P77 billion as part of its program to expand electricity access in the Philippines, especially in far-flung areas.
Oona Insurance names new CEO
by Louise Maureen Simeon - April 2, 2023 - 12:00am
Oona Insular Insurance Corp. has appointed Ramon Zandueta as its new president and CEO.
Landbank opens hubs for income tax payments
by Louise Maureen Simeon - April 2, 2023 - 12:00am
State-run Landbank of the Philippines will put up stations to aid taxpayers in filing and paying their annual income tax return until April 17.
Ex POEA chief takes helm at Insurance Commission
by Louise Maureen Simeon - April 1, 2023 - 12:00am
The government has named Reynaldo Regalado as the new head of the Insurance Commission.
Non-life insurance sector grows; Prudential leads
by Louise Maureen Simeon - April 1, 2023 - 12:00am
Local powerhouse Prudential Guarantee and Assurance Inc. led the non-life insurance segment last year, government data showed.
Manulife lowers minimum investment for trust funds
by Louise Maureen Simeon - March 31, 2023 - 12:00am
Manulife Philippines, the local unit of Canada-based Manulife Financial Corp., has reduced the minimum investment for its funds in a bid to attract more local investors.
Philippine gaming revenues seen to hit P245 billion
by Louise Maureen Simeon - March 31, 2023 - 12:00am
The local gambling industry is expected to rake in some P245 billion in revenues this year as the economy continues to reopen, allowing greater operational capacity of the sector.
Philippine debt rises to P13.75 trillion
by Louise Maureen Simeon - March 31, 2023 - 12:00am
The country’s outstanding debt increased to P13.75 trillion in February, reaching its highest level yet again, following the issuance of domestic securities as the government moves to finance the budget d...
Treasury lowers borrowing program to P160 billion in April
by Louise Maureen Simeon - March 30, 2023 - 12:00am
The government plans to secure P160 billion in domestic debt next month, even as interest rates are still on an uptrend due to the continued tightening cycle of the central bank.
Government raises full P125 billion T-bond program
by Louise Maureen Simeon - March 29, 2023 - 12:00am
The government managed to borrow the entire P125 billion it programmed for the issuance of long-term securities this month, even as investors demanded slightly higher rates.
Landbank-DBP to merge before yearend
by Louise Maureen Simeon - March 29, 2023 - 12:00am
State-run financing institutions Land Bank of the Philippines and Development Bank of the Philippines are expected to merge before the year ends after President Marcos gave the green light to solidify the public...
Diokno warns of fiscal collapse from uniformed personnel pensions
by Louise Maureen Simeon - March 29, 2023 - 12:00am
The Marcos administration is pushing to overhaul the pension system for the military and uniformed personnel to avert fiscal collapse stemming from higher pension costs, Finance Secretary and economic team head Benjamin...
Government cuts borrowings to P367 billion in January
by Louise Maureen Simeon - March 28, 2023 - 12:00am
The Marcos administration trimmed its borrowings by 16 percent to P367 billion last January even with the issuance of global bonds during the month.
Only 70% of target T-bills sold in March
by Louise Maureen Simeon - March 28, 2023 - 12:00am
The government failed to reach its borrowing program for short-term securities this month as it raised only P52 billion or roughly 70 percent of its intended amount amid higher interest rates here and abroad.
Philippines, Australia eye mining cooperation
by Louise Maureen Simeon - March 27, 2023 - 12:00am
The government will look into best practices in Australia’s mining industry, as the Marcos administration banks on the sector to contribute to economic recovery.
Diokno believes rate pause likely
by Louise Maureen Simeon - March 27, 2023 - 12:00am
The Bangko Sentral ng Pilipinas is likely to take a pause in its tightening cycle as the government expects non-monetary measures to address the persistent price pressures on commodities.
DBM releases P420 million for national ID workers
by Louise Maureen Simeon - March 26, 2023 - 12:00am
The Department of Budget and Management has released some P420 million to cover the wage payment of workers involved in the national ID system.
Diokno pitches presentation of Maharlika in Marcos’ SONA
by Louise Maureen Simeon - March 26, 2023 - 12:00am
Finance chief Benjamin Diokno said it would be ideal for President Marcos to present the country’s first sovereign wealth fund, the Maharlika Investment Fund, during his second State of the Nation Address in...
Government taps Australia for infrastructure expertise
by Louise Maureen Simeon - March 25, 2023 - 12:00am
The Philippines is seen tapping the expertise of Australia in terms of infrastructure as it prioritizes the sector in the administration’s economic development agenda.
DBP opens credit line for value chain Development in coconut industry
by Louise Maureen Simeon - March 24, 2023 - 12:00am
The Development Bank of the Philippines has opened a credit facility that will extend financing assistance to local coconut farmers in a bid to further develop the industry’s value chain.
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