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Mary Grace Padin
Mary Grace Padin
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DBP extends P1 billion loan for water projects
by Mary Grace Padin - February 19, 2021 - 12:00am
The Development Bank of the Philippines has provided a P1.097 billion loan to fund various water projects in underserved areas in Cebu and Southern Luzon.
Landbank opens P2 billion credit line for commercial fishing
by Mary Grace Padin - February 19, 2021 - 12:00am
State-run Land Bank of the Philippines has opened a P2 billion lending facility to assist existing and prospective commercial fishing operators in the purchase of new sea vessels.
Batangas techno park targets Indian startups
by Mary Grace Padin - February 19, 2021 - 12:00am
The establishment of a technological park in Batangas could pave the way for the entry of more startups from India and other countries, the Department of Finance said.
Duterte signs Financial Institutions Bill into law
by Mary Grace Padin - February 17, 2021 - 12:00am
President Duterte yesterday signed into law a measure that would allow financial institutions to offload their souring loans, to help the banking system remain strong and ready to extend loans to pandemic-hit s...
Manulife launches new UITF
by Mary Grace Padin - February 14, 2021 - 12:00am
The asset management arm of Manufacturers Life Insurance Co. Philippines Inc. has launched a new global fund which seeks to provide diversified investment options for Filipinos.
DBM wants 15% limit on advance payments for vaccine increased
by Mary Grace Padin - February 13, 2021 - 12:00am
The Department of Budget and Management said there is a need to raise the 15 percent limit on advance payments for the procurement of COVID-19 vaccines.
Pru Life, Robinsons Bank extend bancassurance tieup
by Mary Grace Padin - February 12, 2021 - 12:00am
Pru Life Insurance Corp. of UK has renewed its bancassurance partnership with Gokongwei-led Robinsons Bank, enabling the insurer to continue tapping the bank’s branch network to sell its products.
BTr raises P221 billion from RTB offering
by Mary Grace Padin - February 10, 2021 - 12:00am
The Bureau of the Treasury has initially sold P221.218 billion worth of three-year Retail Treasury bonds on strong demand from investors.
T-bill rates decline further
by Mary Grace Padin - February 9, 2021 - 12:00am
Rates for short-term government securities continued their downward trend yesterday as market demand remained healthy amid strong liquidity in the financial system, according to the Bureau of the Treasury.
PruLife UK unveils insurance vs dengue
by Mary Grace Padin - February 7, 2021 - 12:00am
PruLife Insurance Corp. of UK is now offering new protection products that provide coverage against the risks caused by dengue.
Government readies issuance of P30 billion retail T-bonds
by Mary Grace Padin - February 7, 2021 - 12:00am
The government will offer at least P30 billion worth of three-year retail Treasury bonds starting this week to boost the state coffers and manage its liabilities, the Bureau of the Treasury said.
Government to start random tests for fuel marking program
by Mary Grace Padin - February 6, 2021 - 12:00am
The government will start random field tests of fuel products nationwide to monitor the market’s compliance with the Fuel Marking Program, the Bureau of Customs said yesterday.
T-bond yields rise amid inflation fears
by Mary Grace Padin - February 3, 2021 - 12:00am
Reissued 10-year Treasury bonds yesterday fetched higher rates amid expectations of an elevated inflation figure in January, the Bureau of the Treasury said.
BOC surpasses target collection in January
by Mary Grace Padin - February 3, 2021 - 12:00am
The Bureau of Customs started the year on the right track as it exceeded its collection target in January.
Debt-to-GDP ratio expands to 54.5%
by Mary Grace Padin - February 3, 2021 - 12:00am
The share of the country’s debt to gross domestic product expanded to 54.5 percent in 2020 as the government ramped up its borrowings to address the debilitating effects of the coronavirus pandemic on the economy,...
T-bill rates continue on a downtrend
by Mary Grace Padin - February 2, 2021 - 12:00am
Rates for short-term government securities continued their downtrend yesterday as demand from investors remained strong amid robust liquidity in the system.
GOCCs remit P157 billion dividends
by Mary Grace Padin - February 2, 2021 - 12:00am
State-owned firms remitted P156.97 billion in dividends to the government last year, the bulk of which was used to fund cash aid programs for vulnerable sectors affected by the coronavirus pandemic, the Department...
GSIS hikes credit cap for pensioners
by Mary Grace Padin - February 2, 2021 - 12:00am
State-run Government Service Insurance System (GSIS) said yesterday it has improved its pension loan program by increasing the credit limit and removing the age cap for borrowers.
Insurers post lower premium income in 2020
by Mary Grace Padin - February 1, 2021 - 12:00am
The local insurance industry recorded a lower premium income from January to September 2020 as the non-life insurance sector continued to see a slowdown in premium generation, according to a report from the Insurance...
Peso still among most stable currencies in Asia
by Mary Grace Padin - February 1, 2021 - 12:00am
The peso remained one of the most stable currencies in Asia last year despite the economic crisis brought about by the coronavirus pandemic, according to the Department of Finance .
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