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Mary Grace Padin
Mary Grace Padin
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Japan officials to check infra-funded projects in Philippines
by Mary Grace Padin - December 6, 2019 - 12:00am
Officials from Manila and Tokyo are set to meet again this week to discuss the progress of Philippine infrastructure projects that are supported and financed by the Japanese government, the Department of Finance...
DOF sets conditions for PPP projects
by Mary Grace Padin - December 6, 2019 - 12:00am
The Department of Finance has set two conditions for the acceptance of public-private partnership projects to avoid delays and to spare the government and the tax paying public from contingent liabilities.
Philippines secures P1 trillion insurance cover vs calamities
by Mary Grace Padin - December 5, 2019 - 12:00am
In another move to ensure the government’s financial protection against natural disasters, the Bureau of the Treasury has secured a P1 trillion indemnity insurance policy to provide coverage for public assets...
BIR eases requirements for public infrastructure contracts
by Mary Grace Padin - December 5, 2019 - 12:00am
The Bureau of Internal Revenue has simplified the requirements for contractors of public infrastructure projects, in another effort to improve the ease of doing business in the country and to expedite the disbursement...
DBM issues call for 2021 budget
by Mary Grace Padin - December 4, 2019 - 12:00am
Even before the approval of the 2020 national budget, the Department of Budget and Management has already asked government agencies to start preparing their budget proposals for fiscal year 2021.
T-bill yields mixed in auction
by Mary Grace Padin - December 3, 2019 - 12:00am
Short-term government securities yesterday fetched mixed results as yields for 91 day and 182-day Treasury bills increased, while rates for the 364-day debt papers declined, according to the Bureau of the Treas...
Congress break stalls CITIRA bill passage – DOF
by Mary Grace Padin - December 3, 2019 - 12:00am
It would be challenging for Congress to pass the Corporate Income Tax and Incentives Rationalization Act within the year following the one-week suspension of Senate sessions, according to the Department of Fina...
Landbank on track to serve 1 million farmers this year
by Mary Grace Padin - December 2, 2019 - 12:00am
State-run Land Bank of the Philippines is on track to meet its target of extending loans to at least one million farmers this year, following intensified lending activities and measures to ease the provision of credit...
DOF awaits EO banning imports of e-cigarettes
by Mary Grace Padin - December 2, 2019 - 12:00am
The Department of Finance is waiting for Malacanang’s executive order to determine the impact of President Duterte’s ban on the importation and use of vapes and electronic cigarettes in public place...
‘Philippines poised to become major player in offshore gaming’
by Mary Grace Padin - December 2, 2019 - 12:00am
The Philippines has the potential to become a major player in the offshore gaming industry worldwide, given the country’s conducive environment for online casino operators, according to state think tank National...
Government debt pile down slightly to P7.906 trillion
by Mary Grace Padin - November 30, 2019 - 12:00am
The national government’s outstanding debt slightly declined to P7.906 trillion as of October due to the appreciation of the peso, which reduced the value of offshore obligations, according to the Bureau of...
Government infrastructure spending lags in 10 months
by Mary Grace Padin - November 30, 2019 - 12:00am
Public spending on infrastructure in the first 10 months declined year-on-year, dragged down by the delay in the passage of the 2019 budget and the election ban on public works in the first half, according to the...
WB OKs $300 million additional funding for 4Ps program
by Mary Grace Padin - November 29, 2019 - 12:00am
The World Bank has extended $300 million in additional financing support to the Philippines for the provision of subsidies to poor Filipino families under the Pantawid Pamilyang Pilipino Program or 4Ps.
Government crackdown on POGOs yields additional $25 million revenues
by Mary Grace Padin - November 28, 2019 - 12:00am
The government’s intensified effort against erring Philippine offshore gaming operators has so far yielded the government $25 million in additional revenues, the Department of Finance said yesterday.
SSS collects P30.5 million from delinquent employers
by Mary Grace Padin - November 27, 2019 - 12:00am
State-run Social Security System has collected more than P30.5 million in contribution delinquencies from 71 employers following the state pension fund’s intensified enforcement activities this year.
Rates higher for P20 billion T-bonds
by Mary Grace Padin - November 27, 2019 - 12:00am
Reissued 20-year Treasury bonds yesterday fetched higher rates, prompting the Bureau of the Treasury to partially award the P20 billion offering.
‘Successful issuance of catastrophe bonds proof of strong investor confidence in Philippine’
by Mary Grace Padin - November 27, 2019 - 12:00am
The government’s successful issuance of insurance-linked securities or catastrophe bonds is a reflection of the market’s strong confidence in the Philippine economy, as well as their support for the country’s...
DOF: RCEP to boost Asean economy
by Mary Grace Padin - November 26, 2019 - 12:00am
The Department of Finance is looking forward to the signing of the Regional Comprehensive Economic Partnership agreement as this would be crucial in the enhancement of trade, investments and economic growth in the...
Landbank launches program for greenhouse farm financing
by Mary Grace Padin - November 26, 2019 - 12:00am
Government-run Land Bank of the Philippines has recently launched a new credit program, which seeks to support modern and sustainable farming in the country.
Budget deficit narrows to P49.3 billion in October
by Mary Grace Padin - November 26, 2019 - 12:00am
The national government’s fiscal gap narrowed in October as the growth in state revenues outpaced the increase in disbursements, the Bureau of the Treasury reported yesterday.
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