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Mary Grace Padin
Mary Grace Padin
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DBP eyes P5 billion from bond issue
by Mary Grace Padin - November 28, 2020 - 12:00am
State-run Development Bank of the Philippines plans to raise at least P5 billion from its second issuance of peso-denominated bonds to support sustainability initiatives and development projects.
DOF orders probe on illegal use of coops for rice imports
by Mary Grace Padin - November 28, 2020 - 12:00am
The Department of Finance has ordered an investigation into the alleged use of cooperatives as dummies for traders to evade the payment of correct taxes on rice imports.
SSS needs P38 billion yearly to fund pension increase
by Mary Grace Padin - November 27, 2020 - 12:00am
State-run Social Security System will need to shell out about P38 billion in additional expenses a year to fund the proposed second tranche of P1,000 pension hike, an official said yesterday.
Government set to borrow P120 billion
by Mary Grace Padin - November 27, 2020 - 12:00am
The government is planning to borrow P120 billion from the domestic market next month through the regular issuance of securities, the Bureau of the Treasury announced yesterday.
Philippine budget deficit widens to P940.6 billion in 10 months
by Mary Grace Padin - November 26, 2020 - 12:00am
The country’s fiscal deficit widened by almost three-fold from January to October as government spending continued to outpace revenue generation, the Bureau of the Treasury reported yesterday.
HMO profit jumps over 3-fold in H1
by Mary Grace Padin - November 25, 2020 - 12:00am
The net profit of the country’s health maintenance organizations jumped three-fold from January to June as more Filipinos recognized the importance of health protection amid the coronavirus pandemic, the Insurance...
Government releases P92.35 billion for COVID-19 measures
by Mary Grace Padin - November 25, 2020 - 12:00am
The government has released a total of P92.35 billion to support the COVID-19 recovery programs of various agencies, the Department of Budget and Management reported yesterday.
T-bills fetch lower rates
by Mary Grace Padin - November 24, 2020 - 12:00am
Short-term government securities yesterday fetched lower rates across the board, with the yield for the 91-day securities going below one percent following the Bangko Sentral ng Pilipinas’ surprise interest...
DBP lends P481 million for cancer treatment hub in Laguna
by Mary Grace Padin - November 22, 2020 - 12:00am
The Development Bank of the Philippines has extended a P481-million loan to finance the construction of a cancer treatment hub in Southern Luzon.
COA cancels P212 million more tax credits to textile firms
by Mary Grace Padin - November 22, 2020 - 12:00am
The Commission on Audit has disallowed the release of P212.63 million worth of tax credits to six textile firms allegedly involved in a tax credit certificate scam, the Department of Finance said.
Insurance brokers book higher premiums
by Mary Grace Padin - November 22, 2020 - 12:00am
Premiums generated by insurance brokerage businesses increased in 2019, while reinsurance brokers saw a decline in their total premium income, according to data from the Insurance Commission.
State agencies’ Q4 cash requirements released
by Mary Grace Padin - November 20, 2020 - 12:00am
The Department of Budget and Management has released the cash requirements of state agencies for the last quarter to fund their operations and COVID-19 response efforts.
Dominguez joins call for climate justice
by Mary Grace Padin - November 20, 2020 - 12:00am
The Department of Finance has joined the call for climate justice, saying that the Philippines continues to bear the brunt of the impact of climate change despite being among the world’s lowest carbon emi...
IC: Make claims process easier for typhoon victims
by Mary Grace Padin - November 20, 2020 - 12:00am
The Insurance Commission has instructed all its regulated entities to ease the procedures for the filing of claims for victims of Typhoon Ulysses, which caused massive flooding in various areas in Luzon.
FSCC: Philippines needs to prepare for ‘new economy’
by Mary Grace Padin - November 19, 2020 - 12:00am
The country needs to prepare for the transition to a “new economy” to mitigate the systemic risks posed by the COVID-19 pandemic, according to the Financial Stability Coordination Council.
No plan to borrow more – DOF chief
by Mary Grace Padin - November 18, 2020 - 12:00am
The Department of Finance sees no need to borrow more than programmed as it expects the economy to bounce back next year, according to DOF Secretary Carlos Dominguez.
DBM releases P1.5 billion to LGUs hit by Quinta, Rolly
by Mary Grace Padin - November 18, 2020 - 12:00am
The Department of Budget and Management yesterday released P1.5 billion to local government units to support their disaster relief efforts following the onslaught of Super Typhoon Rolly and Typhoon Quinta.
NDRRMF gets P10 billion augmentation fund for typhoon victims
by Mary Grace Padin - November 17, 2020 - 12:00am
The Department of Budget and Management has infused an additional P10 billion into the government’s disaster response fund, bringing the available funds for typhoon victims to over P11 billion.
BOC steps up effort to shore up revenues
by Mary Grace Padin - November 16, 2020 - 12:00am
The Bureau of Customs is stepping up its post-evaluation measures to verify the Certificates of Origin of imported goods, preventing abuses in the system and protecting the government revenues from leakages.
SSS to provide assistance to typhoon victims
by Mary Grace Padin - November 16, 2020 - 12:00am
The Social Security System will provide a calamity assistance package to its members and pensioners who were affected by Super Typhoon Rolly, Typhoon Quinta, and Typhoon Ulysses starting Nov. 27.
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