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Louise Maureen Simeon
Louise Maureen Simeon
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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.
Government urged to keep spending, avoid high surplus
by Louise Maureen Simeon - March 19, 2024 - 12:00am
The government should not keep a high surplus and instead continue to ramp up spending in order to meet the growing needs of the economy, an economist said.
BIR eyes P325 billion from excise taxes
by Louise Maureen Simeon - March 19, 2024 - 12:00am
The Bureau of Internal Revenue targets to collect higher excise taxes of up to P325 billion this year as the government moves to improve the regulatory environment and address the still rampant illicit trade.
State firms spent better in February
by Louise Maureen Simeon - March 18, 2024 - 12:00am
State agencies recorded a better spending rate as of February as the government ramped up the release of its cash allocations to fund various projects.
GOCC subsidies down 18 percent to P164 billion in 2023
by Louise Maureen Simeon - March 18, 2024 - 12:00am
Budgetary support to state-run firms slipped to P164 billion last year amid a tight fiscal space but the health and agriculture sectors remain the priorities for subsidies.
Government posts P88 billion surplus
by Louise Maureen Simeon - March 16, 2024 - 12:00am
The Marcos administration snapped eight consecutive months of budget deficit after it recorded a surplus of P88 billion in January as revenue collections outpaced spending.
Worker shortage, rising costs to slow healthcare growth
by Louise Maureen Simeon - March 15, 2024 - 12:00am
The expansion of the country’s healthcare industry may slow this year on rising costs and shortage of medical practitioners even as the demand for health services among Filipinos is on an uptrend.
No election plans next year, Recto says
by Louise Maureen Simeon - March 14, 2024 - 12:00am
Finance Secretary Ralph Recto has committed to stay in the Cabinet, effectively dismissing questions of yet another short-stint in the economic team as he lets go of immediate political plans.
Recto revives plan to sell NAIA assets
by Louise Maureen Simeon - March 14, 2024 - 12:00am
Finance Secretary Ralph Recto has revived plans to sell the assets of the Ninoy Aquino International Airport and turn it into a new business district to generate additional revenues for state coffers.
China sidetracked as funding source for PNR Bicol
by Louise Maureen Simeon - March 13, 2024 - 12:00am
The government is taking another funding route for the Philippine National Railways South Long Haul, also called the PNR Bicol instead of China. It is seeking the assistance of the Asian Development Bank instead...
Investors swarm T-bond auction
by Louise Maureen Simeon - March 13, 2024 - 12:00am
Investors swarmed the latest offering of long-term securities, resulting in slightly lower rates and allowing the government to raise P30 billion.
Unprogrammed appropriations boosted 2023 budget by P374 billion
by Louise Maureen Simeon - March 13, 2024 - 12:00am
The government has included a P374-billion additional program, on top of the P5.268 trillion national budget in 2023, the bulk of which were unprogrammed appropriations.
Philippines upper middle-income status seen to boost insurance penetration
by Louise Maureen Simeon - March 12, 2024 - 12:00am
Higher insurance penetration hinges on the country’s ability to reach upper middle-income status as Filipinos’ disposable income remains limited amid the high cost of basic goods and services.
T-bill rates ease as demand swells
by Louise Maureen Simeon - March 12, 2024 - 12:00am
Demand for the government’s short-term securities rose to its highest level in three months, with rates slightly going down even after inflation quickened anew in February.
Pinoys ill-prepared for high cost of dying
by Louise Maureen Simeon - March 12, 2024 - 12:00am
To live is costly, but so is to die.
Pre-need resurges as profit up 5-fold
by Louise Maureen Simeon - March 12, 2024 - 12:00am
The pre-need industry saw its net income surge by nearly five-fold to P2.09 billion in 2023 from P429.6 million in 2022 as more people availed themselves of life plans, data from the Insurance Commission showed...
New national treasurer, DOF execs named
by Louise Maureen Simeon - March 12, 2024 - 12:00am
Seasoned economists are joining the Department of Finance as part of the government’s move to consolidate its finances while the officer-in-charge at the Bureau of the Treasury will formally assume the national...
Government debt payments rise to record P1.6 trillion
by Louise Maureen Simeon - March 11, 2024 - 12:00am
The country’s debt service registered a record P1.6 trillion last year, exceeding the program, as the government aggressively moved to cut mounting obligations.
GSIS allots P428 million for Oriental Mindoro hog raisers
by Louise Maureen Simeon - March 10, 2024 - 12:00am
The Government Service Insurance System has allotted P428 million in emergency loan for its members in Oriental Mindoro whose hogs were affected by African swine fever.
SSS releases P257 billion in benefit payments
by Louise Maureen Simeon - March 9, 2024 - 12:00am
State-run pension fund Social Security System released P257.4 billion in benefit payments to 4.7 million members last year.
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