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Louise Maureen Simeon
Louise Maureen Simeon
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Millennials banked on to spur HMO recovery
by Louise Maureen Simeon - February 22, 2024 - 12:00am
The Generation Y, colloquially known as the millennials, is expected to help prop up the health maintenance organization sector into recovery as health protection tops their priority list.
Maharlika fund eyes JV for rural telco towers
by Louise Maureen Simeon - February 22, 2024 - 12:00am
The Maharlika Investment Corp.is in the process of tapping foreign partners for a joint venture in building telecommunication towers in rural areas in a bid to address the digital gap.
PDIC settles P614 million in deposit insurance claims
by Louise Maureen Simeon - February 21, 2024 - 12:00am
State-run Philippine Deposit Insurance Corp. has settled P614 million in deposit insurance covering 15,796 accounts from padlock banks in 2023.
Rate cuts to help investments regain momentum – economist
by Louise Maureen Simeon - February 21, 2024 - 12:00am
The country’s investment climate will likely regain its momentum once policy rates here and abroad start to normalize in the second half of the year, coupled with economic reforms meant to attract foreign...
BOP swings to deficit in January
by Louise Maureen Simeon - February 21, 2024 - 12:00am
The country’s balance of payments swung to a deficit of $740 million in January, the highest in almost a year, as the government paid its foreign currency debt obligations.
GSIS income surges to P113 billion in 2023
by Louise Maureen Simeon - February 20, 2024 - 12:00am
The earnings of state-run Government Service Insurance System jumped by 70 percent to P113.3 billion in 2023 from P66.4 billion in 2022 on the back of strong revenues from financial assets and investments.
NAIA project eyed to jumpstart P40 billion Maharlika investments
by Louise Maureen Simeon - February 20, 2024 - 12:00am
The Maharlika Investment Corp. is setting its sights on the recently awarded Ninoy Aquino International Airport rehabilitation as one of about 10 projects where it intends to invest the MIC’s P40-billion funding...
Lagged impact of high rates to take toll on economy – BSP
by Louise Maureen Simeon - February 19, 2024 - 12:00am
The lagged effects of monetary policy adjustments last year will continue to take its toll on the economy, with growth likely to fall below government targets anew.
‘Legislated wage hike spells job losses’
by Louise Maureen Simeon - February 19, 2024 - 12:00am
A bill that seeks a P100 increase in the daily minimum wage for private workers nationwide could spell job losses especially in labor-intensive sectors, economists warned.
Government raises IPAs project approval threshold to P15 billion
by Louise Maureen Simeon - February 17, 2024 - 12:00am
The government has increased the investment capital threshold assigned to investment promotion agencies (IPAs) to P15 billion in a bid to promote the ease of doing business.
No change in BSP rates
by Louise Maureen Simeon - February 16, 2024 - 12:00am
As widely expected, the Bangko Sentral ng Pilipinas kept interest rates unchanged at a 16-year high as monetary authorities are looking for a more sustained downward trend in inflation.
Bank assets up 8% to P31 trillion in 2023
by Louise Maureen Simeon - February 16, 2024 - 12:00am
The total resources of the country’s financial system went up by eight percent to hit P31 trillion in 2023, the Bangko Sentral ng Pilipinas said.
Dollar remittances hit record high
by Louise Maureen Simeon - February 16, 2024 - 12:00am
The strong finish in December due to the holiday season boosted dollars sent home by Filipinos abroad to reach an all-time high of $37.2 billion in 2023, the Bangko Sentral ng Pilipinas said.
Recto wants to expand free education
by Louise Maureen Simeon - February 15, 2024 - 12:00am
The government should make fiscal space available to expand free education in the country, according to Finance Secretary Ralph Recto, as he deviates yet again from his predecessor.
SSS revenue soars to P362 billion in 2023
by Louise Maureen Simeon - February 15, 2024 - 12:00am
The mandatory contribution hike and the increase in new members boosted the revenues of state-run pension fund Social Security System to P362 billion last year.
DOF to hasten sale of government assets
by Louise Maureen Simeon - February 15, 2024 - 12:00am
The Department of Finance is amending the guidelines governing the disposition of some of the state’s assets meant to add to revenue-generating measures of the administration.
Government pushes P839 billion water infrastructure projects
by Louise Maureen Simeon - February 14, 2024 - 12:00am
“Many of our communities still suffer from a lack of potable water while others endure the devastating effects of flooding year after year due to climate change.”
Investors gobble up retail T-bond issue
by Louise Maureen Simeon - February 14, 2024 - 12:00am
The government managed to borrow an initial P212.7 billion in the third offering of retail Treasury bonds (RTBs) under the Marcos administration in a bid to expand state coffers and finance various projects.
Landbank-DBP merger not pushing through – Recto
by Louise Maureen Simeon - February 14, 2024 - 12:00am
The planned legal merger of the Land Bank of the Philippines and the Development Bank of the Philippines is no longer pushing through as Finance Secretary Ralph Recto deviates yet again from his predecessor.
T-bill rates climb ahead of BSP meet
by Louise Maureen Simeon - February 13, 2024 - 12:00am
The government upsized its sale of short-term securities yesterday to P17 billion, even after rates picked up ahead of the policy decision of the Bangko Sentral ng Pilipinas this week.
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