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Mary Grace Padin
Mary Grace Padin
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T-bill rates fall as bidders swamp auction
by Mary Grace Padin - June 18, 2019 - 12:00am
Short-term government securities fetched lower rates across-the-board yesterday amid a deluge of bids that reflect strong liquidity in the market, the Bureau of the Treasury (BTr) said.
SSS releases P1 B pension loans
by Mary Grace Padin - June 17, 2019 - 12:00am
Loan releases under the Social Security System’s (SSS) Pension Loan Program (PLP) breached the P1 billion mark after eight months of implementation, with nearly 42,000 member-retirees availing of the financial...
DBP calls on rural banks to improve financial inclusion
by Mary Grace Padin - June 17, 2019 - 12:00am
State-run Development Bank of the Philippines (DBP) has called on rural banks to work together with development financing institutions (DFI) to implement programs that will expand services to unbanked sectors and...
Outstanding government securities spike to P5.25 T in May
by Mary Grace Padin - June 17, 2019 - 12:00am
The country’s domestic debt stock inched up by almost one percent to P5.25 trillion as of end-May from P5.2 trillion in end-April as the government issued more debt papers amid declining interest rates.
Government anticipates higher borrowing costs
by Mary Grace Padin - June 17, 2019 - 12:00am
The Philippines’ anticipated promotion to an upper-middle income economy may mean higher borrowing costs, the Department of Finance (DOF) said over the weekend.
GOCC subsidies hit P5.1 billion in April
by Mary Grace Padin - June 17, 2019 - 12:00am
The national government extended P5.12 billion in subsidies to government-owned and -controlled corporations (GOCCs) last April, bulk of which went to the National Irrigation Administration (NIA), the Bureau of the...
Customs decentralizes brokers’ accreditation
by Mary Grace Padin - June 16, 2019 - 12:00am
The Bureau of Customs (BOC) has streamlined the accreditation of customs brokers, as well as importers and exporters authorized by other regulatory agencies.
Coops asked to submit report on tax incentives
by Mary Grace Padin - June 15, 2019 - 12:00am
The government is now requiring cooperatives to submit regular reports on the fiscal incentives they are enjoying to promote accountability and transparency, and to determine the impact of these perks to the ec...
Regional inequality improves in 2018 as poorer regions post faster growth
by Mary Grace Padin - June 15, 2019 - 12:00am
The economic inequality among regions in the Philippines improved in 2018 as some low income areas posted high gross domestic product (GDP) growth during the period, the Department of Finance (DOF) said yesterd...
Government infra spending drops 57% in April
by Mary Grace Padin - June 15, 2019 - 12:00am
Public spending on infrastructure declined significantly last April due to the delay in the passage of the 2019 budget along with the election ban on public works, the Department of Budget and Management (DBM) said...
Gov’t eyes sweeteners for Marawi bonds
by Mary Grace Padin - June 14, 2019 - 12:00am
The government plans to include additional features in its planned Marawi bond issuance to make it more attractive to both institutional and retail investors, the Department of Finance (DOF) said yesterday.
DOF to work with Congress to speed up tax reform bills
by Mary Grace Padin - June 13, 2019 - 12:00am
The Department of Finance (DOF) is studying ways to effectively engage lawmakers in the 18th Congress to help speed up the approval of the remaining tax reform proposals of the Duterte administration.
Debt payments rise 11% in Q1
by Mary Grace Padin - June 13, 2019 - 12:00am
The national government spent more on debt payments in the first quarter of the year as both interest and principal payments increased, the Bureau of the Treasury (BTr) reported.
T-bond yield lowest in 2 years
by Mary Grace Padin - June 12, 2019 - 12:00am
The yield for reissued 20-year Treasury bonds (T-bonds) dropped to a two-year low yesterday amid strong demand from investors, reflecting high liquidity as a result of the cut in bank’s reserve requirements,...
DOF sees further slide in inflation
by Mary Grace Padin - June 12, 2019 - 12:00am
Inflation is expected to further ease in the coming months as oil prices in the international market continue to fall, the Department of Finance (DOF) said yesterday.
Government mulls cut in domestic borrowings in Q3
by Mary Grace Padin - June 11, 2019 - 12:00am
The Bureau of the Treasury (BTr) may cut the government’s domestic borrowing program for the third quarter of 2019 given its healthy cash flow and slower spending in the first half of the year, a top official...
T-bill rates fall at record pace
by Mary Grace Padin - June 11, 2019 - 12:00am
Treasury bills (T-bills) fetched lower rates across the board yesterday amid healthy market demand, driven by developments both in the domestic and international markets, the Bureau of the Treasury (BTr) said.
US-China trade war may benefit Philippine industries
by Mary Grace Padin - June 10, 2019 - 12:00am
The ongoing trade war between the US and China may have positive spillover effects on some local industries, such as the food and agriculture sector and the electronics sector, according to the Bangko Sentral ng...
Japan lends $202 million for road network project in Mindanao
by Mary Grace Padin - June 10, 2019 - 12:00am
The Philippine and Japanese governments are expected to sign this month a $202.04 million loan agreement for the improvement and construction of roads in conflict-affected areas in Mindanao, the Department of Finance...
SSS deploys P7 billion to local fund managers
by Mary Grace Padin - June 10, 2019 - 12:00am
State-run Social Security System (SSS) has deployed P7 billion of its investment reserve fund (IRF) to local fund managers as part of the pension fund’s efforts to diversify its portfolio and improve retu...
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