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Mary Grace Padin
Mary Grace Padin
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Sun Life sees GDP shrinking by 6.5% in 2020
by Mary Grace Padin - September 19, 2020 - 12:00am
Insurance giant Sun Life of Canada Inc. expects the country’s economy to contract by 6.5 percent this 2020, before following a U-shaped recovery by next year.
Domestic borrowings hit P6.41 trillion in August
by Mary Grace Padin - September 19, 2020 - 12:00am
The outstanding government securities issued by the government swelled to P6.41 trillion in August following its record-high retail Treasury bond sale, the Bureau of the Treasury said.
Philippines, Japan ink P23.3 billion post-disaster loan
by Mary Grace Padin - September 17, 2020 - 12:00am
The Japanese government has provided the Philippines access to a P23.3 billion loan facility that aims to support the country’s post-disaster response efforts in the event of a calamity or worsening health...
Pru Life launches new product
by Mary Grace Padin - September 17, 2020 - 12:00am
Pru Life Insurance Corp. of UK yesterday launched a new fund, which aims to provide long-term capital growth to clients through investments in the locally listed companies.
Infrastructure spending down in 7 months
by Mary Grace Padin - September 17, 2020 - 12:00am
The government’s spending on infrastructure declined by 9.4 percent from January to July compared to last year’s level due to the suspension of construction activities during the lockdown, the Department...
T-bills fetch mixed results
by Mary Grace Padin - September 15, 2020 - 12:00am
The auction for short-term government securities fetched mixed results ahead of the Bangko Sentral ng Pilipinas’ maiden auction for its own securities, as well as the US Federal Reserve’s policy meeting...
BIR, BOC exceed January to August collection target
by Mary Grace Padin - September 14, 2020 - 12:00am
The Bureau of Internal Revenue and the Bureau of Customs generated P1.64 trillion in revenues from January to August, surpassing their combined target for the period, according to the Department of Finance.
Debt payments reach P608 billion in 7 months
by Mary Grace Padin - September 14, 2020 - 12:00am
The government spent P608.26 billion from January to July to pay off its maturing debt, up 27.33 percent from P477.71 billion a year ago, according to the Bureau of the Treasury.
Government urged to impose stiffer penalties vs cigarette smugglers
by Mary Grace Padin - September 14, 2020 - 12:00am
Japan Tobacco International has called on the government to impose stiffer penalties against illicit cigarette traders as it warned of a possible increase in illegal tobacco consumption globally amid the pande...
Government debt to swell to 46.7% of GDP — BTr
by Mary Grace Padin - September 13, 2020 - 12:00am
The Bureau of the Treasury expects government debt to swell to 46.7 percent of gross domestic product by the end of 2020 as the country ramps up its borrowings for coronavirus response efforts.
Landbank online account opening nears 1 million mark
by Mary Grace Padin - September 13, 2020 - 12:00am
Almost one million accounts have been opened under Land Bank of the Philippines’ digital account enrolment system since its implementation in 2019, according to the state-run bank.
DBM releases almost 96% of 2020 budget
by Mary Grace Padin - September 12, 2020 - 12:00am
The Department of Budget and Management has released nearly 96 percent of the P4.1- trillion national budget to support the operations of agencies and for efforts to battle the COVID-19 pandemic.
Mindanao remains a priority under BBB, says Dominguez
by Mary Grace Padin - September 11, 2020 - 12:00am
Mindanao remains a priority under the government’s massive infrastructure program, Finance Secretary Carlos Dominguez said.
Firms lose P1.5 trillion in sales monthly as lockdown bites
by Mary Grace Padin - September 10, 2020 - 12:00am
Metro Manila and nearby provinces lost an estimated P1.5 trillion in sales for every month that these areas were on lockdown, according to the Department of Finance.
BSP targets to attract 5 million PERA investors in 5 years
by Mary Grace Padin - September 9, 2020 - 12:00am
The government is targeting to attract five million Filipinos to invest in the Personal Equity and Retirement Account within five years following the digitalization of this voluntary retirement account, according...
BIR, BOC collections exceed target in August
by Mary Grace Padin - September 9, 2020 - 12:00am
The Bureau of Internal Revenue and the Bureau of Customs managed to exceed their respective collection targets in August, the Department of Finance reported yesterday.
BTr fully awards P30 billion 3-year bonds
by Mary Grace Padin - September 9, 2020 - 12:00am
The Bureau of the Treasury awarded in full the P30 billion worth of three-year securities up for sale yesterday as the debt papers’ coupon rate settled lower the benchmark rate amid strong demand from i...
Fitch: Philippines to shrink by 8% this year
by Mary Grace Padin - September 9, 2020 - 12:00am
Global rating agency Fitch Ratings expects the Philippines to suffer a deeper economic contraction of eight percent this year, and noted a continued erosion of the country’s fiscal buffers amid the coronavirus...
T-bills auction fetches mixed results
by Mary Grace Padin - September 8, 2020 - 12:00am
The Bureau of the Treasury yesterday fully awarded P20 billion worth of Treasury bills, even as the securities fetched mixed results across different tenors.
Fuel marking collection reaches P127 billion
by Mary Grace Padin - September 8, 2020 - 12:00am
The government has collected P126.51 billion in duties and taxes from the fuel marking program as the volume of fuel with markers breached the 12 billion-liter mark, according to the Department of Finance.
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