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Mary Grace Padin
Mary Grace Padin
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Economic team makes investment pitch in UK
by Mary Grace Padin - September 24, 2018 - 12:00am
A high-level Philippine delegation led by Finance Secretary Carlos Dominguez flew to London to brief British investors on the investment opportunities in the country, the Department of Finance (DOF) said over the...
DBP allots P15 B for ICONS program
by Mary Grace Padin - September 24, 2018 - 12:00am
State-run Development Bank of the Philippines (DBP) has extended P15 billion in loans to local contractors working on infrastructure projects in the country, a top official said on Friday.
Gov’t debt payments ease in July
by Mary Grace Padin - September 24, 2018 - 12:00am
The national government spent P47.21 billion to pay off its debt, including interest payments and amortization in July, according to the Bureau of the Treasury.
DBM launching virtual store for public procurement
by Mary Grace Padin - September 23, 2018 - 12:00am
The Procurement Service-Philippine Government Electronic Procurement System (PS-PhilGEPS) is set to launch next month a virtual store to streamline and improve the efficiency of the country’s public procurement...
GSIS readies condonation program for members’ unpaid housing loans
by Mary Grace Padin - September 23, 2018 - 12:00am
State-run Government Service Insurance System (GSIS) is set to implement a loan condonation program for its member-borrowers with unpaid housing loans, a top official said.
DOF proposes lower budget for 2019
by Mary Grace Padin - September 22, 2018 - 12:00am
The Department of Finance has proposed a lower budget of P18.68 billion for 2019 in line with the government’s shift to a cash-based budgeting system.
DBP launches P500-million scholarship program
by Mary Grace Padin - September 22, 2018 - 12:00am
State-run Development Bank of the Philippines launched yesterday a P500 million scholarship program to provide financial support to underprivileged college students in the country.
DOF: Current account gap manageable
by Mary Grace Padin - September 21, 2018 - 12:00am
The Philippines’ current account deficit is still considered manageable despite a notable increase in the first half, according to the Department of Finance (DOF).
TRABAHO impact on deficit negligible — Fitch Solutions
by Mary Grace Padin - September 21, 2018 - 12:00am
The second package of the Comprehensive Tax Reform Program (CTRP) as approved by the House of Representatives will have negligible impact on the country’s fiscal position, Fitch Solutions Macro Research ...
Pag-IBIG net income rises 21% in 6 months
by Mary Grace Padin - September 20, 2018 - 12:00am
State-run Home Development Mutual Fund (HDMF) or Pag-IBIG Fund reported a net income of P16.09 billion in the first half, 20.9 percent up from P13.3 billion recorded in the same period last year.
Philippines to tap $500-million World Bank loan for Ompong aid
by Mary Grace Padin - September 20, 2018 - 12:00am
The Department of Finance is ready to tap a standby credit line from the World Bank to support disaster recovery efforts following the onslaught of Typhoon Ompong, once the President declares a state of calamity...
Gov’t eyes World Bank loan for Typhoon Ompong damage
by Mary Grace Padin - September 19, 2018 - 12:00am
The government may tap the World Bank to help the country recover from the damage brought about by Typhoon Ompong, the Department of Finance said yesterday.
Philippines can overcome ‘temporary adversities’ — DOF
by Mary Grace Padin - September 19, 2018 - 12:00am
The Department of Finance (DOF) yesterday expressed confidence that the Philippine economy can overcome “temporary adversities,” such as high inflation and a widening current account deficit.
Peso recovers, stays within 54:$1
by Mary Grace Padin - September 19, 2018 - 12:00am
The peso slightly recovered yesterday, closing at 54.07 to $1, up four centavos from Monday’s 54.11 to $1.
BTr eyes Marawi bond issuance by October 2018
by Mary Grace Padin - September 18, 2018 - 12:00am
The Bureau of the Treasury is targeting to issue Marawi bonds by October or November this year, a top official said yesterday.
Mixed results at T-bill auction
by Mary Grace Padin - September 18, 2018 - 12:00am
The Bureau of the Treasury (BTr) yesterday rejected all bids for 91-day Treasury bills (T-bills), and partially awarded tenders for 364-day securities due to higher rates asked by investors.
Gov’t agencies use up 86% of budget in 8 months
by Mary Grace Padin - September 17, 2018 - 12:00am
State agencies utilized 86 percent of their notices of cash allocation (NCA) in the first eight months to fund their programs and projects, the Department of Budget and Management (DBM) reported.
SSS partners with UnionBank for pension loans
by Mary Grace Padin - September 17, 2018 - 12:00am
State-run Social Security System (SSS) has partnered with Aboitiz-led Union Bank of the Philippines for the implementation of its Pension Loan Program, the state fund said.
Gov’t borrowings hit P44.4 B in July
by Mary Grace Padin - September 17, 2018 - 12:00am
The national government borrowed P44.4 billion from both domestic and foreign lenders last July, data from the Bureau of the Treasury showed.
NTRC backs Package 4 of tax reform
by Mary Grace Padin - September 15, 2018 - 12:00am
A state think tank has expressed support for the government’s proposed reforms to simplify taxation on debt instruments and equities.
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