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Louisse Maureen Simeon

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DBM releases P49.8 billion social pension for indigent seniors

by Louisse Maureen Simeon - April 6, 2024 - 12:00am

The Department of Budget and Management has released nearly P50 billion in social pension for more than four million senior citizens in the country.

Budget surplus unlikely to last – Recto

by Louisse Maureen Simeon - March 21, 2024 - 12:00am

The record budget surplus in January is unlikely to be sustained over the coming months, more so for the rest of the year, but the government is not worried so long as revenue targets are achieved, according to Finance...

PPP mode draws interest from Swedish businesses

by Louisse Maureen Simeon - March 14, 2024 - 12:00am

Businesses in Sweden are open to investing in the Philippines via public-private partnerships amid improving macroeconomic fundamentals and business climate.

‘Higher interest rates are here to stay’

by Louisse Maureen Simeon - February 15, 2024 - 12:00am

The Bangko Sentral ng Pilipinas is likely to hold on to higher rates for a little longer, moving in lockstep with the US Federal Reserve and the rest of the central banks globally.

Government eyes $5 billion from global bonds

by Louisse Maureen Simeon - January 5, 2024 - 12:00am

The Philippines plans to borrow $5 billion from the international debt market through various global bond issuances this year amid expectation of easing interest rates.

Fake goods remain Philippines top smuggled item

by Louisse Maureen Simeon - December 8, 2023 - 12:00am

Counterfeit goods remain to be the country’s top smuggled items as the entry of fake products continues despite strengthened law enforcement.

Microinsurance premiums grow by 22% to P3.2 billion in Q1

by Louisse Maureen Simeon - August 10, 2023 - 12:00am

Filipinos are now more aware of the need for social protection as seen in the increase in insurance contributions from low-income people, reaching P3.2 billion in the first quarter.

DBP firm against merger with Landbank

by Louisse Maureen Simeon - April 21, 2023 - 12:00am

The Development Bank of the Philippines remains firm against its proposed merger with the Land Bank of the Philippines, this time questioning the authority of the Governance Commission on GOCCs to proceed with the...

PDIC sets auction of closed banks’ lots

by Louisse Maureen Simeon - March 5, 2023 - 12:00am

The Philippine Deposit Insurance Corp. will put up for sale P95.6 million worth of 86 residential and agricultural lots owned by padlocked banks.

Government debt payments slashed by half in October

by Louisse Maureen Simeon - December 12, 2022 - 12:00am

The government brought down its debt payments in October amid a decline in principal amortization, with still about 30 percent of the debt service needed to be paid for the rest of the year.

Marcos admin raises $2 billion from offshore borrowing

by Louisse Maureen Simeon - October 7, 2022 - 12:00am

The Marcos government was stung with high global interest rates after it raised $2 billion from the international debt market, marking the administration’s first foray into offshore commercial borrowing.

SSS nixes more job cuts

by Louisse Maureen Simeon - September 21, 2022 - 12:00am

State-run pension fund Social Security System (SSS) said there would be no more job losses even as the government moves forward with its plan to rightsize the bureaucracy.

Stable tobacco tax seen to eliminate illicit trade

by Louisse Maureen Simeon - August 11, 2022 - 12:00am

A stable and predictable taxation on the tobacco industry is expected to provide consistent revenue collections for the government and stamp out the illicit trade of cigarettes, an international think tank said...

Pinoys can open bank account with just P1

by Louisse Maureen Simeon - July 25, 2022 - 12:00am

Underserved Filipinos can now have their own bank account after state-run Land Bank of the Philippines allowed P1 as initial deposit in its latest product offering.

Economic recovery momentum at risk from elevated inflation

by Louisse Maureen Simeon - June 27, 2022 - 12:00am

The Philippine economy is expected to continue its recovery this year, with growth expected at seven percent, but external headwinds from elevated inflation could put a halt on this momentum.

‘Strict COVID-19 lockdowns unlikely to be reimposed’

by Louisse Maureen Simeon - June 26, 2022 - 12:00am

The Philippines is not seen resorting to any “economically damaging” lockdowns again even as the country records a slight uptick in COVID cases in the past days.

Philippines inflation still peak – think tank

by Louisse Maureen Simeon - June 6, 2022 - 12:00am

Hitting the peak of elevated inflation in the country is still far, especially as commodity prices are still soaring as global tensions remain.

Business sentiment turns negative – think tank

by Louisse Maureen Simeon - May 2, 2022 - 12:00am

Global business optimism following the recovery from the pandemic did not last, with sentiment returning to negative as the Russia-Ukraine war drags on and risks persist due to rising commodity prices.

Agaton agricultural damage balloons to P1.4 billion

by Louisse Maureen Simeon - April 20, 2022 - 12:00am

Damage to the agriculture sector in areas battered by Tropical Storm Agaton has increased to P1.4 billion.

Build Build Build carryover faces constraints – think tank

by Louisse Maureen Simeon - April 2, 2022 - 12:00am

The new government may have a difficult time sustaining the flagship infrastructure program of the Duterte administration as exiting the pandemic will likely be the top priority of the next president.

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