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Mary Grace Padin
Mary Grace Padin
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Insurers earn P8 billion in Q1, 27% more than 2017
by Mary Grace Padin - May 24, 2018 - 12:00am
The insurance industry’s net income grew by 27 percent to P8.03 billion in the first quarter from P6.34 billion in the same period last year, the Insurance Commission reported yesterday.
Debt-to-GDP ratio rises to 56.2% in Q1
by Mary Grace Padin - May 24, 2018 - 12:00am
The share of the national government’s debt to gross domestic product rose to 56.2 percent in the first quarter due to the country’s advanced borrowing activities ahead of the projected adjustments in...
Budget deficit swells to P116 billion in 4 months
by Mary Grace Padin - May 24, 2018 - 12:00am
The national government‘s fiscal deficit widened by almost four times to P115.9 billion in the first four months from the P30.2 billion recorded in the same period last year, the Department of Finance reported...
Partially awarded T-bonds fetch higher rate
by Mary Grace Padin - May 23, 2018 - 12:00am
The Bureau of the Treasury yesterday made a partial award of the reissued 10-year Treasury bonds as investors asked for higher rates while waiting for further action from the US Federal Reserve and the Bangko Sentral...
Government borrowings drop 2.44% to P207 billion in Q1
by Mary Grace Padin - May 23, 2018 - 12:00am
The national government borrowed P207.92 billion from both domestic and foreign lenders in the first three months, 2.44 percent lower than the previous year’s P213.12 billion, according to the Bureau of the...
GOCC subsidies more than double to P45.29 billion
by Mary Grace Padin - May 22, 2018 - 12:00am
The national government extended P45.29 billion in subsidies to government-owned and -controlled corporations in the first quarter of the year, according to the Bureau of the Treasury.
Short term T-bill rates lower on strong demand
by Mary Grace Padin - May 22, 2018 - 12:00am
The Bureau of the Treasury yesterday fully awarded 91-day and 182-day Treasury bills, but only partially awarded one-year securities as the market continued to show preference for shorter tenors.
Tax amnesty bill eyed for passage in June 2018
by Mary Grace Padin - May 22, 2018 - 12:00am
The Department of Finance is seeking the approval of Congress for the proposed tax amnesty bill by June, Finance Secretary Carlos Dominguez said yesterday.
Former DOF officials support 2nd tax package
by Mary Grace Padin - May 21, 2018 - 12:00am
Former secretaries and undersecretaries of the Department of Finance (DOF) have expressed their support for the administration’s second tax reform package, citing the proposed measure’s potential in making...
Customs requires submission of advance cargo manifest
by Mary Grace Padin - May 19, 2018 - 12:00am
The Bureau of Customs is requiring shipping lines and airlines to submit to the agency an advance cargo manifest to facilitate the trading of goods and protect the country’s borders from the entry of high-risk...
ASEAN urged to build database on disaster risk management
by Mary Grace Padin - May 19, 2018 - 12:00am
The Philippines is urging the Association of Southeast Asian Nations to establish a region-wide database on disaster risk management to facilitate information sharing on mitigating measures and ensure timely cooperation...
TRAIN to keep inflation manageable — DOF
by Mary Grace Padin - May 19, 2018 - 12:00am
Higher public spending on infrastructure and social services made possible by the implementation of the tax reform law will help keep inflation in check in the long-term, Finance Undersecretary Gil Beltran said...
LGUs to get P575.52 billion IRA next year
by Mary Grace Padin - May 19, 2018 - 12:00am
Local government units will receive their internal revenue allotment amounting to P575.52 billion in 2019, according to the Department of Budget and Management.
Staggered cuts in corporate income tax pushed
by Mary Grace Padin - May 18, 2018 - 12:00am
The National Tax Research Center is pushing for a staggered and conditional reduction in corporate income tax rates, warning of the measure’s possible impact on government revenue.
Rice tariff to raise P28 billion additional revenues
by Mary Grace Padin - May 18, 2018 - 12:00am
A proposal to impose a 35-percent tariff on imported rice may generate up to P28 billion in additional revenue for the government, based on a report from the National Economic and Development Authority.
SSS seeks EO for release of additional pension
by Mary Grace Padin - May 18, 2018 - 12:00am
State-run Social Security System is seeking the issuance of an executive order or the enactment of a bill to amend its charter to authorize the release of the second tranche of pension increase to its members.
7-year T-bonds fetch higher rates
by Mary Grace Padin - May 17, 2018 - 12:00am
The Bureau of the Treasury yesterday made a partial award of reissued seven-year Treasury-bonds as the market asked for higher rates for the securities.
TRAIN boosts tax collection by P12.5 billion in Q1
by Mary Grace Padin - May 17, 2018 - 12:00am
The implementation of the Tax Reform for Acceleration and Inclusion Law helped the Bureau of Internal Revenue boost its collections by P12.5 billion in the first three months, the agency said yesterday.
T-bills fetch mixed results
by Mary Grace Padin - May 16, 2018 - 12:00am
The Bureau of the Treasury yesterday fully awarded 91-day and 182-day Treasury-bills, but partially awarded 364-day securities amid investors’ preference for short-term debt papers.
Philippines eyes new global bond sale for 2018
by Mary Grace Padin - May 16, 2018 - 12:00am
The government is planning to raise funds through another dollar-denominated global bond sale this year, according to the Department of Finance.
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