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Mary Grace Padin
Mary Grace Padin
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Customs orders post-clearance audit of imports
by Mary Grace Padin - January 22, 2019 - 12:00am
The Bureau of Customs will now require the conduct of post-clearance audit on importers and brokers, as well as the prior disclosure in their goods declarations in a bid to further improve its revenue collection...
Government pushes greater access to green financing
by Mary Grace Padin - January 21, 2019 - 12:00am
The government is keen on strengthening its policies to improve the access of both the public and private sectors to green financing, according to the Department of Finance (DOF).
GOCC subsidies hit P134.5 B in Nov
by Mary Grace Padin - January 21, 2019 - 12:00am
The government extended P134.47 billion in subsidies to state corporations in the first 11 months of 2018, the bulk of which went to health insurance programs, according to the Bureau of the Treasury (BTr).
Landbank extends offer for PDS buyout anew
by Mary Grace Padin - January 21, 2019 - 12:00am
State-run Land Bank of the Philippines has extended for another month the offer period for the purchase of shares of Philippine Dealing System Holdings Corp. (PDSHC) following the adjustment in its proposed purchase...
Manulife offers pioneering variable insurance product
by Mary Grace Padin - January 20, 2019 - 12:00am
Manufacturers Life Insurance Co. Philippines Inc. (Manulife) recently launched a new variable life insurance product that will instantly reward customers, while still providing long-term investment returns.
DBM launches financial management system
by Mary Grace Padin - January 20, 2019 - 12:00am
The Department of Budget and Management (DBM) recently launched a financial management platform which is expected to improve transparency, accountability and efficiency among government agencies.
Several insurers still to comply with higher capital requirement
by Mary Grace Padin - January 19, 2019 - 12:00am
A number of insurance companies in the country are still far from achieving the P900 million net worth requirement for insurance players which should be implemented by the end of 2019, the Insurance Commission (IC)...
BIR destroys seized cigarettes, equipment
by Mary Grace Padin - January 19, 2019 - 12:00am
The Bureau of Internal Revenue (BIR) yesterday smashed various illegally operated cigarette-making equipment and fake cigarettes to show the government’s commitment to fight tobacco smuggling and counterf...
Government starts fuel marking in February
by Mary Grace Padin - January 18, 2019 - 12:00am
The government is set to launch next month the fuel marking system, which is expected to help plug tax leakages caused by the smuggling of oil into the country, according to the Department of Finance.
Benjamin Diokno on Rolando Andaya Jr.: 'He’s gone mad'
by Mary Grace Padin - January 18, 2019 - 12:00am
Budget Secretary Benjamin Diokno yesterday refuted the allegation of House Majority Leader Rolando Andaya that the Department of Budget and Management Procurement Service is allowed to bid for supplies and projects...
Philippines, Spain firming up deal for 300 million euro loan facility
by Mary Grace Padin - January 17, 2019 - 12:00am
The Philippine and Spanish governments are firming up a deal which will allow Manila to access Madrid’s 300-million euro loan facility in implementing its infrastructure, agro-food and tourism projects, the...
GDP growth seen at slower 6.5% in 2018
by Mary Grace Padin - January 17, 2019 - 12:00am
The economy likely grew by 6.5 percent in 2018, within the lower range of the government’s gross domestic product (GDP) growth target for that year, the Department of Budget and Management (DBM) said yest...
Government seeks to deregulate sugar imports
by Mary Grace Padin - January 17, 2019 - 12:00am
The government is seeking to liberalize the importation of sugar to push down the price of the commodity and improve the competitiveness of the country’s food export industry, the Department of Budget and Management...
DOF chief urges swift passage of TRABAHO bill in Congress
by Mary Grace Padin - January 16, 2019 - 12:00am
The Department of Finance (DOF) has once again called on Congress to swiftly pass the second package of the Comprehensive Tax Reform Program (CTRP), urging lawmakers to consider the interest of the business com...
T-bill rates drop as investors swarm auction
by Mary Grace Padin - January 16, 2019 - 12:00am
One-year securities once again met overwhelming demand from investors as funds continued to trickle back into the financial system after the holiday season.
Philippines Tax Academy eyes New Clark City, Tagaytay campuses
by Mary Grace Padin - January 15, 2019 - 12:00am
The Philippine Tax Academy (PTA) is planning to set up permanent campuses in Tagaytay City in Cavite and New Clark City at the Clark Special Economic Zone in Pampanga, the Department of Finance (DOF) said over the...
T-bills fetch lower yields
by Mary Grace Padin - January 15, 2019 - 12:00am
Short-term government securities yesterday fetched lower yields across-the-board amid robust liquidity in the financial system, the peso’s appreciation, as well as lower inflationary expectations from the market,...
Government to formalize China, Japan loans for infrastructure
by Mary Grace Padin - January 15, 2019 - 12:00am
The Philippines is expected to sign three loan agreements with Japan and another two with China within the first quarter for the implementation of big-ticket infrastructure projects in the country, the Department...
Hanjin loan exposure to hurt, but not cripple banks — DOF
by Mary Grace Padin - January 14, 2019 - 12:00am
The Department of Finance (DOF) has expressed confidence there will be no significant impact on the stability of five banks due to their P21 billion loan exposure to Hanjin Heavy Industries and Construction Philippines...
TRAIN revenues for Jan to Sept 2018 below target
by Mary Grace Padin - January 14, 2019 - 12:00am
The Tax Reform for Acceleration and Inclusion (TRAIN) Law generated P41.9 billion in revenues for the government in the first nine months of 2018, slightly below the target, the Department of Finance (DOF) reported...
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