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Mary Grace Padin
Mary Grace Padin
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DOF pushes conversion of PCIC into reinsurance
by Mary Grace Padin - May 25, 2019 - 12:00am
The Department of Finance (DOF) is pushing to transform the Philippine Crop Insurance Corp. (PCIC) into a reinsurer to encourage the private sector to offer insurance protection to farmers, according to Finance Undersecretary...
Economic managers lay down spending catch-up plan
by Mary Grace Padin - May 25, 2019 - 12:00am
The Duterte Cabinet’s Economic Development Cluster (EDC) remains confident that the government would be able to meet its spending target for 2019 as line agencies laid out their respective “catch up”...
Fiscal surplus widens to P86.9 B in April
by Mary Grace Padin - May 25, 2019 - 12:00am
The national government booked a wider fiscal surplus in April amid lower spending due to the delay in the passage of the 2019 budget, according to the Bureau of the Treasury.
Debt-to-GDP ratio rises to 44% in Q1
by Mary Grace Padin - May 24, 2019 - 12:00am
The proportion of the national government’s debt to economic output rose to 44 percent in the first quarter of the year due to the increase in domestic borrowings, the Department of Finance (DOF) said yes...
DBM issues guidelines on release of 2019 budget
by Mary Grace Padin - May 23, 2019 - 12:00am
The Department of Budget and Management (DBM) has issued the guidelines for the release and utilization of the 2019 budget following the signing of the General Appropriations Act (GAA).
Sun Life maintains 2019 GDP growth forecast
by Mary Grace Padin - May 23, 2019 - 12:00am
Sun Life of Canada (Philippines) Inc. maintained its 2019 gross domestic product (GDP) growth forecast at 6.4 percent despite lower-than-expected growth figures in the first quarter, on the back of higher private...
Philippines, SoKor keen on boosting ties
by Mary Grace Padin - May 23, 2019 - 12:00am
The Philippine government is keen on further deepening its ties with South Korea amid the latter’s plans to increase assistance to countries within the Southeast Asian region, according to the Department of...
JTI: Higher tobacco taxes may worsen smuggling
by Mary Grace Padin - May 22, 2019 - 12:00am
Cigarette manufacturer Japan Tobacco International (JTI) Philippines Inc. yesterday warned that further increasing the excise taxes on tobacco products could worsen the incidence of cigarette smuggling in the country....
Government targets 50 million Filipinos with microinsurance by 2022
by Mary Grace Padin - May 22, 2019 - 12:00am
The government is targeting to increase the number of Filipinos covered by microinsurance to 50 million by 2022, a senior official of the Department of Finance (DOF) said.
DBM hikes LGU revenue allotment to P649 B for 2020
by Mary Grace Padin - May 21, 2019 - 12:00am
Local government units (LGUs) are set to receive P648.92 billion in internal revenue allotments (IRA) for fiscal year (FY) 2020, according to the Department of Budget and Management.
BTr to recalibrate borrowing program
by Mary Grace Padin - May 21, 2019 - 12:00am
The Bureau of the Treasury (BTr) is planning to recalibrate its borrowing program for this year, including the planned samurai bond issuance, as it assesses the national government’s fiscal position and spending...
DOF, DOH eye regulation for e-cigarettes
by Mary Grace Padin - May 20, 2019 - 12:00am
The Department of Finance (DOF) and the Department of Health (DOH) are planning to come up with regulations this year to control the importation and sale of electronic cigarette products in the country, according...
IC lowers risk charges on insurers’ infra investments
by Mary Grace Padin - May 20, 2019 - 12:00am
The Insurance Commission (IC) has lowered the risk charges for the infrastructure investments of insurance companies to encourage the industry to participate in the government’s massive infrastructure development...
Economic cluster to review spending target
by Mary Grace Padin - May 20, 2019 - 12:00am
The Duterte cabinet’s Economic Development Cluster (EDC) is set to review this week the government’s spending target to determine if it is still achievable given the delay in the passage of the 2019 budget,...
DOF, PIDS at odds over TRAIN impact
by Mary Grace Padin - May 19, 2019 - 12:00am
The Department of Finance (DOF) hit the Philippine Institute for Development Studies (PIDS) for “downplaying” the positive impact of the Tax Reform for Acceleration and Inclusion (TRAIN) law by ignoring...
SSS extends assistance to Pampanga quake victims
by Mary Grace Padin - May 18, 2019 - 12:00am
State-run Social Security System (SSS) is offering assistance to members and pensioners who were affected by the 6.1-magnitude earthquake that shook Porac, Pampanga in April.
DBP eyes more projects in Mindanao
by Mary Grace Padin - May 18, 2019 - 12:00am
The Development Bank of the Philippines (DBP) is eyeing to finance more projects in Mindanao to help the region achieve inclusive economic development, especially in areas previously torn by conflict, a top official...
DBM releases P1.323 T budget in 4 months
by Mary Grace Padin - May 17, 2019 - 12:00am
The government released P1.323 trillion in funds to line agencies in the first four months to support the Duterte administration’s operations and programs under a reenacted budget, according to the Department...
Seven-year T-bonds fetch lower rates
by Mary Grace Padin - May 17, 2019 - 12:00am
Reissued seven-year Treasury bonds fetched lower rates on Wednesday following the interest rate cut implemented by the Bangko Sentral ng Pilipinas (BSP) last week, the Bureau of the Treasury (BTr) said.
Deficit-to-GDP ratio eases to 2.1% in Q1
by Mary Grace Padin - May 16, 2019 - 12:00am
The national government’s fiscal deficit as a share of the country’s gross domestic product (GDP) narrowed in the first quarter as expenditure effort declined due to the delay in the 2019 budget, according...
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