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Louise Maureen Simeon
Louise Maureen Simeon
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‘New problems to further sprout with gambling ban’
by Louise Maureen Simeon - July 17, 2025 - 12:00am
While intentions are noble, proposals to ban online gambling would only give birth to more problems, pushing operators to go underground and eventually depriving the government of much-needed revenues, a consultancy...
Vapes push excise tax collection to P135 billion in H1
by Louise Maureen Simeon - July 16, 2025 - 12:00am
Vape products are slowly making significant tax contributions as they push excise tax collection 10 percent higher to P135 billion in the first half following the government’s move to include them in the stamps...
DBM moves to prevent 2026 budget insertions
by Louise Maureen Simeon - July 16, 2025 - 12:00am
The executive branch is moving to prevent a repeat of controversial insertions by lawmakers in the annual outlay, as President Marcos and the Cabinet yesterday approved a P6.793-trillion National Expenditure Program for...
Projects with tax perks under CREATE hit P1.5 trillion
by Louise Maureen Simeon - July 14, 2025 - 12:00am
The government has approved 1,500 projects worth P1.5 trillion since the enactment of the Corporate Recovery and Tax Incentives for Enterprises Law.
State-run firms receive lower subsidies in May
by Louise Maureen Simeon - July 14, 2025 - 12:00am
The government reduced its budgetary support to state-run firms by nearly 20 percent to P8 billion in May, with the bulk of the subsidies largely funding irrigation projects.
‘$2 trillion by 2050’ dream needs 6.7 percent GDP growth – think tank
by Louise Maureen Simeon - July 13, 2025 - 12:00am
The Philippines is unlikely to hit its $2-trillion economic goal by 2050 as doing so would require a nearly seven percent annual expansion, an exceptional and unrealistic level for the country at this point.
‘Add to cart’ initiative generates P380 million in sales
by Louise Maureen Simeon - July 12, 2025 - 12:00am
The Department of Budget and Management (DBM)’s “add to cart” initiative has generated P380 million in sales as of July, exceeding its full year goal, as government agencies move for a more efficient...
DBM pushes shift to cash budgeting system
by Louise Maureen Simeon - July 11, 2025 - 12:00am
Following the controversial budget this year, the Department of Budget and Management is backing the passage of a measure that will institutionalize the cash-based system to boost transparency.
Economists weigh in on Trump’s 20% tariff
by Louise Maureen Simeon - July 11, 2025 - 12:00am
he Philippines may be “less affected” by US President Donald Trump’s decision to slap a 20 percent tariff on all Philippine exports, although uncertainty surrounding the policy is likely to weigh...
MUP pension budget rising 50% to P217 billion
by Louise Maureen Simeon - July 10, 2025 - 12:00am
As reform in the pension system of the military and other uniformed personnel (MUP) has been put in the back burner, the government will have to increase the sector’s budget by 50 percent to P217 billion next...
DBM chief: Ayuda fine, but where’s the money?
by Louise Maureen Simeon - July 10, 2025 - 12:00am
State aid or ayuda is OK, but where’s the fund for it?
Government hikes 2026 budget for transport, education, agriculture
by Louise Maureen Simeon - July 9, 2025 - 12:00am
The government will jack up the budget for transportation, education and agriculture next year while public works will likely get a lower allocation under the record P6.793-trillion budget for 2026.
Debt burden share to reach P980 billion in 2026 budget
by Louise Maureen Simeon - July 9, 2025 - 12:00am
The government’s debt burden share will increase to P980 billion under the proposed record P6.793-trillion budget for next year as pandemic-era loans mature.
Unprogrammed funds slashed to P245 billion under NEP
by Louise Maureen Simeon - July 9, 2025 - 12:00am
The Department of Budget and Management has proposed a more than 30-percent reduction in unprogrammed appropriations to P245 billion under next year’s record budget as the government moves to address the...
DBM: ‘Add to cart’ initiative a boost to e-vehicle industry
by Louise Maureen Simeon - July 7, 2025 - 12:00am
The “add to cart” initiative of the Department of Budget and Management (DBM) is boosting the electric vehicle (EV) industry as it pushes for a more sustainable transportation system.
IC to hike motor vehicle insurance premium
by Louise Maureen Simeon - July 6, 2025 - 12:00am
The government is planning to increase the insurance premium of select vehicles while also doubling indemnity claims of vehicular accident victims as part of efforts to improve overall coverage in the country. ...
Pinoys cutting back on non-essential spending
by Louise Maureen Simeon - July 4, 2025 - 8:00am
Filipinos are expected to adjust their spending habits by cutting back on the non-essentials in the second half amid lingering concerns about inflationary pressures.
Philippines debt level nears P17 trillion mark
by Louise Maureen Simeon - July 4, 2025 - 12:00am
The country’s outstanding debt reached a new high and inched closer to P17 trillion as of May following the issuance of new domestic securities, the Bureau of the Treasury said.
Pag-IBIG secures highest COA rating for financial statements
by Louise Maureen Simeon - July 3, 2025 - 12:00am
The Home Development Mutual Fund, commonly known as Pag-IBIG, has received the highest evaluation granted by the Commission on Audit for its financial statements.
Budget releases up, utilization steady as of end-May
by Louise Maureen Simeon - July 2, 2025 - 12:00am
The government increased its releases of cash allocations with state agencies, registering a steady utilization rate as of the end-May following the record P6.326-trillion budget this year.
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