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Mary Grace Padin
Mary Grace Padin
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DOF eyes carbon emissions tax
by Mary Grace Padin - July 21, 2018 - 12:00am
The Department of Finance is exploring the possibility of imposing a tax on carbon dioxide emissions to help further reduce pollution and promote alternative sources of energy, a top official said yesterday.
DOF projects inflation hitting 5.3% in July 2018
by Mary Grace Padin - July 21, 2018 - 12:00am
Inflation may hit a new five-year high of 5.3 percent this month, driven largely by higher prices of food, sin products, energy and fuels, the Department of Finance said yesterday.
Gov’t incentives to firms swell to P376 billion in 2015-2016
by Mary Grace Padin - July 20, 2018 - 12:00am
Foregone revenues due to the grant of income tax holidays, customs duty incentives, and other perks to large corporations amounted to P376 billion in 2015-2016, according to the Department of Finance.
TRAIN exempts SMEs from VAT, collections drop in first half
by Mary Grace Padin - July 19, 2018 - 12:00am
Value-added tax collections of the Bureau of Internal Revenue’s regional offices declined in the first six months as more small and medium enterprises became VAT-exempt, according to the Department of Finance....
Excise tax collection exceeds target in first half
by Mary Grace Padin - July 19, 2018 - 12:00am
The government collected P152.72 billion in excise taxes in the first half, exceeding the P136.82 billion target by 11.61 percent mainly due to higher “sin tax” collections, according to the Department...
BTr rejects all bids for reissued T-bonds
by Mary Grace Padin - July 18, 2018 - 12:00am
The Bureau of the Treasury yesterday rejected all bids for reissued seven-year Treasury bonds as yields rose ahead of US Federal Reserve chairman Jerome Powell’s Congressional testimony.
T-bill yields mixed as 91-day tenor swamped
by Mary Grace Padin - July 17, 2018 - 12:00am
The Bureau of the Treasury (BTr) yesterday made a full award of the 91-day Treasury bills (T-bills), but partially made awards of the 182-day and 364-day securities amid higher rates asked by investors.
IC allows public access to financial documents
by Mary Grace Padin - July 16, 2018 - 12:00am
Financial documents submitted by insurance firms, pre-need companies and health maintenance organizations to the Insurance Commission are open to public scrutiny, the agency’s top official said.
Tax reform Package 3, 4 to be submitted this month
by Mary Grace Padin - July 16, 2018 - 12:00am
The Department of Finance (DOF) is planning to submit to Congress Packages 3 and 4 of the Comprehensive Tax Reform Program (CTRP) by the end of the month, according to Finance Secretary Carlos Dominguez.
SC ruling on IRA to cost gov’t P1.5 T — DOF
by Mary Grace Padin - July 16, 2018 - 12:00am
The Supreme Court ruling that includes all national taxes in the internal revenue allotments (IRA) of local government units (LGUs) may cost the national government as much as P1.5 trillion if implemented retroactively,...
New tax training center eyed at UPLB campus
by Mary Grace Padin - July 15, 2018 - 12:00am
The Department of Finance (DOF) is eyeing the possibility of establishing the next Philippine Tax Academy (PTA) campus at the University of the Philippines-Los Baños in Laguna, a top official said.
SSS loan restructuring offer yields P1.3 billion
by Mary Grace Padin - July 15, 2018 - 12:00am
State-run Social Security System (SSS) has generated P1.31 billion in additional income during the first three months of implementation of a loan restructuring program (LRP), which offers penalty condonation to members...
Education, infrastructure get highest budget for 2019
by Mary Grace Padin - July 14, 2018 - 12:00am
Education and infrastructure agencies will continue to get the highest budget allocations in 2019 in line with the Duterte administration’s thrust to address public infrastructure and improve human capital...
P2.5-trillion infrastructure projects now off the ground
by Mary Grace Padin - July 14, 2018 - 12:00am
A total of 78 infrastructure projects with a combined cost of P2.5 trillion are already in various stages of implementation, the Department of Finance said yesterday.
Insurance sector bullish on growth
by Mary Grace Padin - July 13, 2018 - 12:00am
The domestic insurance industry likely sustained its growth momentum in the first half despite a high inflation environment, according to the Insurance Commission.
AXA expects better than industry premium growth
by Mary Grace Padin - July 13, 2018 - 12:00am
AXA Philippines is optimistic its life insurance business would continue to outpace the performance of the entire insurance industry in the country.
SSS invests P3 billion in domestic mutual funds
by Mary Grace Padin - July 13, 2018 - 12:00am
For the first time, the Social Security System has invested P3 billion of its investment reserve fund in three mutual funds in the country, a move seen to yield higher returns for the state pension fund, its top...
DBM: SC ruling on IRA to affect fiscal stance
by Mary Grace Padin - July 12, 2018 - 12:00am
The Supreme Court ruling which increases the share of local government units’ internal revenue allotments may harm the country’s fiscal position, and thus lead to a credit rating downgrade, according...
Landbank secures 43% PDS shares
by Mary Grace Padin - July 12, 2018 - 12:00am
Several shareholders of Philippine Dealing System Holdings Corp. have already expressed their intent to sell their stakes to Land Bank of the Philippines, a top official of the bank said yesterday.
Benchmark 91-day T-bills slightly drop
by Mary Grace Padin - July 10, 2018 - 12:00am
The Bureau of the Treasury yesterday made a full award of the 91-day and 182-day Treasury bills, but decided to partially decline bids for the 364-day securities to temper the increase in interest rates.
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