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Czeriza Valencia
Czeriza Valencia
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Pru Life extends free accident, COVID-19 insurance coverage
by Czeriza Valencia - April 10, 2021 - 12:00am
Pru Life UK said it would continue to offer free insurance coverage for death and disability resulting from accident and COVID-19 on a limited basis.
PDIC grows deposit insurance to P216 billion
by Czeriza Valencia - April 10, 2021 - 12:00am
State deposit insurer Philippine Deposit Insurance Corp. has expanded its Deposit Insurance Fund by 10.3 percent to P216.85 billion as of the end of last year from P196.52 billion in 2019, the Department of Finance...
PDIC remits P7.1 billion to Treasury
by Czeriza Valencia - April 8, 2021 - 12:00am
The Philippine Deposit Insurance Corp. has remitted a total of P7.1 billion in dividends to the Bureau of the Treasury, the Department of Finance said.
Austerity measures mulled to fund subsidies
by Czeriza Valencia - April 8, 2021 - 12:00am
Implementing austerity measures is being considered among other measures to possibly fund a supplemental budget for subsidies to lockdown-affected families and the Bayanihan 3 stimulus package, Budget Secretary Wendel...
Government prepares plan to produce vaccines
by Czeriza Valencia - April 8, 2021 - 12:00am
President Duterte has given the go-signal to the economic team to find ways to encourage the private sector to manufacture vaccines in the country, Budget Secretary Wendel Avisado said yesterday.
Philippines eyes US bond market
by Czeriza Valencia - April 7, 2021 - 12:00am
The government is planning to raise funds from the dollar bond market to finance its pandemic response, Finance Secretary Carlos Dominguez said yesterday.
Customs exceeds March collection target
by Czeriza Valencia - April 6, 2021 - 12:00am
The Bureau of Customs announced that it has exceeded its March collection target on improved valuation of goods and better collection performance in ports.
BSP approves OFBank’s digital banking license
by Czeriza Valencia - April 5, 2021 - 12:00am
The Overseas Filipino Bank, a wholly owned subsidiary of the Land Bank of the Philippines, has officially become the first branchless, digital-only bank in the country after securing a license from the Bangko Sentral...
GOCC subsidies reach P7.6 billion from January to February
by Czeriza Valencia - April 5, 2021 - 12:00am
Subsidies extended by the national government to state-owned corporations amounted to P7.581 billion from January to February, lower than funding support provided in the same period last year, according to the Bureau...
DOF voids tax perks of textile companies
by Czeriza Valencia - April 4, 2021 - 12:00am
Around P1.2 billion of tax incentives allegedly obtained illegally by several textile firms have been invalidated, according to the Department of Finance.
PPA remits P3.54 billion to Treasury in 2020
by Czeriza Valencia - April 4, 2021 - 12:00am
The Philippine Ports Authority remitted a total P3.54 billion to the Bureau of the Treasury last year, six percent more than what is required by the law despite reduction in business volume, according to the Department...
Mandatory use of PRN for SSS loan payments starts May 1
by Czeriza Valencia - April 4, 2021 - 12:00am
The Social Security System is imposing the mandatory use of payment reference number for short-term loan payments beginning May 1.
LGUs set to receive lockdown aid tomorrow
by Czeriza Valencia - April 4, 2021 - 12:00am
The financial assistance for low-income households affected by the reimposition of enhanced community quarantine will be downloaded to local government units tomorrow, said Finance Secretary Carlos Dominguez II...
DBP extends P100 million loan to truck body manufacturer
by Czeriza Valencia - March 31, 2021 - 12:00am
State-run Development Bank of the Philippines has extended a P100 million revolving credit line to truck body manufacturer Centro Manufacturing Corp. to finance its working capital requirements.
Philippines raises $500 million from first zero-coupon samurai bonds
by Czeriza Valencia - March 31, 2021 - 12:00am
The government raised $500 million from the issuance of its first ever zero coupon yen-denominated bonds, the Bureau of the Treasury said yesterday.
Budget gap swells to P116 billion in February
by Czeriza Valencia - March 31, 2021 - 12:00am
The government’s budget shortfall widened to P116 billion in February as pandemic response expenditures outpaced revenue collections by a wide margin, according to the Bureau of the Treasury.
P24 billion in T-bills awarded
by Czeriza Valencia - March 30, 2021 - 12:00am
The government awarded P24 billion in short-dated Treasury bills yesterday, as rates fell on strong demand.
NG debt rises to P10.4 trillion in February
by Czeriza Valencia - March 30, 2021 - 12:00am
The national government’s total outstanding debt rose to a new record high of P10.405 trillion as of February, as borrowings were ramped up to finance its pandemic response.
Debt service payments reach P219.8 billion in January
by Czeriza Valencia - March 29, 2021 - 12:00am
The national government spent P219. 8 billion to settle its local and foreign debts in January, according to data from the Bureau of the Treasury.
CREATE to stimulate business
by Czeriza Valencia - March 29, 2021 - 12:00am
Business groups welcomed the signing of the much-awaited Corporate Recovery and Tax Incentives for Enterprises Act into law, noting the reduction in corporate income tax rate would support recovery.
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