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Mary Grace Padin
Mary Grace Padin
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Budget gap narrows as government spends less in 9 months
by Mary Grace Padin - October 23, 2019 - 12:00am
The national government’s budget gap narrowed in the first nine months as public spending fell short of target despite strong growth in September, the Bureau of the Treasury reported yesterday.
WB, IMF urged to adopt new solutions to offset impact of global slowdown
by Mary Grace Padin - October 22, 2019 - 12:00am
The Philippine government has called on the World Bank and the International Monetary Fund to adopt new solutions that will assist developing countries amid the expected slowdown in global economic performance, according...
Government to borrow $3.5 billion from offshore markets
by Mary Grace Padin - October 22, 2019 - 12:00am
The government is planning to raise $3.5 billion next year through commercial borrowings in offshore markets, according to the Bureau of the Treasury.
Infra spending further slows in August lingering impact of budget delay, election ban
by Mary Grace Padin - October 22, 2019 - 12:00am
Government spending on infrastructure continued to decline in August due to the lingering impact of the 2019 budget delay and the election ban on public works, as well as base effects from last year, the Department...
Shopee wants to corner more first-time online buyers in Philippines
by Mary Grace Padin - October 21, 2019 - 12:00am
E-commerce platform Shopee is targeting to attract first-time online shoppers in the Philippines as it sees more opportunities for growth in this largely untapped market, according to the company’s top executive....
DOF urges US investors to explore infra investment in Philippines
by Mary Grace Padin - October 21, 2019 - 12:00am
The Department of Finance has renewed its call for US investors to explore investment opportunities in the country, as it noted the lack of participation from US firms in the government’s infrastructure p...
GOCC subsidies up in August
by Mary Grace Padin - October 21, 2019 - 12:00am
Subsidies granted to state-run corporations surged to P31.81 billion in August, bulk of which went to the Philippine Health Insurance Corp. , according to the Bureau of the Treasury.
DOF welcomes new mining tax proposal
by Mary Grace Padin - October 21, 2019 - 12:00am
The Department of Finance has welcomed the proposal of Albay Rep. and House ways and means committee chairman Joey Salceda to impose a new tax scheme for the mining sector, which would be used to create a sovereign...
Fuel marking goes full blast by February
by Mary Grace Padin - October 20, 2019 - 12:00am
The Bureau of Customs expects all fuel companies to be compliant with the fuel marking program by Feb. 3, 2020, as it will start conducting random field tests in oil facilities and depots nationwide.
SSS stops releasing benefits through checks
by Mary Grace Padin - October 20, 2019 - 12:00am
State-run Social Security System said it will no longer disburse benefit payouts to members through checks and will instead release all claims through SSS-accredited banks.
DOF firm on 5-year CITIRA transition
by Mary Grace Padin - October 17, 2019 - 12:00am
The Department of Finance stands firm on a five-year transition period for the proposed Corporate Income Tax and Incentives Rationalization Act despite the Department of Trade and Industry’s call for a longer...
DBP eyes P5 billion sustainability bonds
by Mary Grace Padin - October 16, 2019 - 12:00am
State-run Development Bank of the Philippines is planning to raise P5 billion through the issuance of two-year “sustainability” bonds to finance environmental and social projects in the country.
Government exceeds tax collection target on oil, tobacco
by Mary Grace Padin - October 15, 2019 - 12:00am
Petroleum and tobacco excise tax collections under the Tax Reform for Acceleration and Inclusion Act rose above target in the first half mainly due to better compliance from industry stakeholders, according to the...
DOF orders probe of cooperatives for alleged tax abuses nearly 30,000 enjoying fiscal incentives
by Mary Grace Padin - October 15, 2019 - 12:00am
The Department of Finance has ordered the Bureau of Internal Revenue to expedite its audit of almost 30,000 cooperatives to weed out those that abuse the tax incentives.
DOF wants Congress to ease bank secrecy law
by Mary Grace Padin - October 14, 2019 - 12:00am
The Department of Finance (DOF) is pressing Congress to ease the bank secrecy law to enable authorities to properly look into individuals suspected of fraud.
BIR sees higher POGO compliance amid stricter enforcement
by Mary Grace Padin - October 14, 2019 - 12:00am
The Bureau of Internal Revenue said more Philippine offshore gaming operators and their service providers are starting to remit proper taxes to the government amid the intensified crackdown against delinquent ...
Philippines joining ASEAN Single Window platform by year-end
by Mary Grace Padin - October 14, 2019 - 12:00am
The Philippines is expected to join by the end of the year an integrated online platform which seeks to ease trade and customs processes within the Southeast Asian region, the Department of Finance said over the...
GSIS allots P1.03 billion loans for Zamboanga employees
by Mary Grace Padin - October 13, 2019 - 12:00am
State run Government Service Insurance System has earmarked P1.03 billion for the provision of loans to 2,063 employees of the government of Zamboanga City.
Meridian Assurance prepares to close shop
by Mary Grace Padin - October 13, 2019 - 12:00am
The Insurance Commission has called on the remaining clients of Meridian Assurance Corp. to file their claims, as the company is now finalizing its exit from the non-life insurance industry.
DBM releases P22.3-B pension for uniformed personnel
by Mary Grace Padin - October 12, 2019 - 12:00am
The government has released P22.3 billion to cover additional pension benefits of retired military and uniformed personnel from June to December 2019.
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