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Czeriza Valencia
Czeriza Valencia
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Pag-IBIG Fund pays out P29.4 billion dividends in 2020
by Czeriza Valencia - March 4, 2021 - 12:00am
The Home Development Mutual Fund (Pag-IBIG Fund) has provided dividends of P29.4 billion to its members last year, equivalent to almost 94 percent of its net income for 2020.
Government debt hits new high of P10.3 trillion in January
by Czeriza Valencia - March 3, 2021 - 12:00am
Total outstanding debt of the national government rose to a fresh high of P10.327 trillion in January as the state ramped up local borrowings to fund its pandemic responses.
T-bill rates continue to rise
by Czeriza Valencia - March 2, 2021 - 12:00am
The government awarded in full the short-term debt papers offered yesterday even as rates continued to rise across the board on concerns over rising inflation and weakening demand.
DOF chief sees further easing of restrictions
by Czeriza Valencia - March 2, 2021 - 12:00am
Further reopening of the economy in the near term will be more likely now with the start of the COVID vaccination program, according to Finance Secretary Carlos Dominguez III.
Tobacco excise tax collections exceed target
by Czeriza Valencia - March 1, 2021 - 12:00am
The Bureau of Internal Revenue exceeded its excise tax collection target from tobacco in February after Japan Tobacco International Philippines more than doubled the amount of taxes paid during the review per...
Government gross borrowings reached P2.74 trillion in 2020
by Czeriza Valencia - March 1, 2021 - 12:00am
Gross borrowings by the national government reached P2.74 trillion in 2020 from domestic and external sources as the country ramped up financing for its pandemic response, data from the Bureau of Treasury showe...
Landbank expands presence in Mindanao
by Czeriza Valencia - February 28, 2021 - 12:00am
State-run Land Bank of the Philippines opened its first offsite ATM and cash deposit machine center in Mindanao as it seeks to further strengthen its presence in unbanked and underserved municipalities.
Budget gap widens to record P1.371 trillion
by Czeriza Valencia - February 28, 2021 - 12:00am
Czeriza Valencia
Government eyes 14 key measures before Duterte’s term ends
by Czeriza Valencia - February 27, 2021 - 12:00am
Fourteen priority measures, including those in support of economic recovery from the pandemic, will be prioritized for passage before the end of the Duterte administration, Finance Secretary Carlos Dominguez III...
MCBL offers 100-year insurance coverage
by Czeriza Valencia - February 26, 2021 - 12:00am
Manulife China Bank Life Assurance Corp. has launched a life insurance plan that provides coverage until 100 years of age.
Landbank OKs P62 billion lending program for LGUs
by Czeriza Valencia - February 26, 2021 - 12:00am
State-run Land Bank of the Philippines has set aside P62.32 billion for lending to local government units (LGUs) to help their economies recover from the impact of the pandemic.
Government plans to borrow P160 billion in March
by Czeriza Valencia - February 26, 2021 - 12:00am
Despite rising rates, the Bureau of the Treasury plans to raise P160 billion from the local bond market next month to take advantage of ample liquidity.
Marked fuel taxes reach P192.756 billion
by Czeriza Valencia - February 25, 2021 - 12:00am
The government has collected P192.756 billion in excise taxes and duties after about a year-and-a half of implementing the fuel marking system.
PSALM to reduce debts this year
by Czeriza Valencia - February 24, 2021 - 12:00am
State-run Power Sector Assets and Liabilities Management Corp. aims to reduce its maturing obligations by P24.63 billion and prepay its P19-billion obligations to the Bureau of the Treasury this year.
T-bills oversubscribed, rates rise
by Czeriza Valencia - February 23, 2021 - 12:00am
The government awarded in full the short-dated securities offered yesterday even as rates rose slightly across the board in reaction to movements in US Treasury yields.
Tighten watch over pork imports, Customs told
by Czeriza Valencia - February 23, 2021 - 12:00am
Finance Secretary Carlos Dominguez III directed the Bureau of Customs to watch out for traders who may misclassify pork imports once the new minimum access volume allocations and tariff rates are approved.
Credit guarantee program for MSMEs to be extended until September
by Czeriza Valencia - February 22, 2021 - 12:00am
State-run Philippine Guarantee Corp. will extend until September its credit guarantee program for micro, small, and medium enterprises to encourage banks to sustain lending to small businesses affected by the...
Expansion of local amusement tax eyed
by Czeriza Valencia - February 22, 2021 - 12:00am
The National Tax Research Center is calling for the review of the Local Government Code of 1991 with the goal of expanding the coverage of local amusement tax to capture revenues from entertainment businesses.
More Pinoys interested in retirement planning
by Czeriza Valencia - February 21, 2021 - 12:00am
As the pandemic wears on, more Filipinos are becoming increasingly interested in planning for their retirement, even more so than their neighbors in Asia, according to the newly-launched Manulife Asia Cares Sur...
First catastrophe insurance facility rolls out this quarter
by Czeriza Valencia - February 20, 2021 - 12:00am
The Insurance Commission plans to roll out this quarter the first private sector-led catastrophe insurance facility in the country that will ease the risks borne by non-life insurers from disaster-related clai...
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