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Louise Maureen Simeon
Louise Maureen Simeon
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Insurers to adopt new accounting standards by 2027
by Louise Maureen Simeon - March 14, 2025 - 12:00am
The insurance sector has been ordered to adopt new accounting standards by 2027, according to the Insurance Commission.
Fitch upgrades Landbank’s viability rating
by Louise Maureen Simeon - March 14, 2025 - 12:00am
State-run Land Bank of the Philippines secured an upgraded viability rating from debt watcher Fitch Ratings, boosting the financial institution’s profitability outlook.
IC scraps higher capitalization for HMOs
by Louise Maureen Simeon - March 14, 2025 - 12:00am
The government will no longer increase the minimum paid-up capital of existing health maintenance organization (HMOs), but they will undergo tiering based on net worth instead.
DOF issues draft rules on VAT refund for tourists
by Louise Maureen Simeon - March 13, 2025 - 12:00am
The Department of Finance has released the draft implementing rules and regulations (IRR) for the refund of value-added tax (VAT) on local goods purchased by tourists in a bid to promote the Philippines as a shopping...
DOF to ramp up sale of state-owned assets
by Louise Maureen Simeon - March 12, 2025 - 12:00am
The Department of Finance (DOF) is banking on unsolicited proposals to boost its privatization goal as it estimates that roughly P20 billion is achievable for now.
Government releases record P4.9 trillion in cash allocations
by Louise Maureen Simeon - March 11, 2025 - 12:00am
The government released a record P4.9 trillion in cash allocations last year largely to finance infrastructure projects, as well as the education sector, the Department of Budget and Management said.
Government borrowings soar to P2.56 trillion
by Louise Maureen Simeon - March 10, 2025 - 12:00am
The government jacked up its borrowings to P2.56 trillion last year following a double-digit increase in both domestic and external debts, data from the Bureau of the Treasury showed.
Bureau of the Treasury Facebook page hacked
by Louise Maureen Simeon - March 10, 2025 - 12:00am
The official Facebook account of the Bureau of the Treasury has been hacked, with the extent of the security breach still being probed.
Warnings raised on Maharlika mining investment
by Louise Maureen Simeon - March 7, 2025 - 12:00am
The latest investment of the country’s sovereign wealth fund could translate to P31 billion in environmental damage, according to an advocacy group.
GSIS, Ayala eye FTI property
by Louise Maureen Simeon - March 7, 2025 - 12:00am
The Government Service Insurance System  and property giant Ayala Land Inc. are interested in acquiring the Food Terminal Inc. (FTI) in Taguig for P58 billion as the Department of Finance (DOF) ramps up asset...
Most Filipinos consider money as top cause of stress — AIA study
by Louise Maureen Simeon - March 5, 2025 - 12:00am
Nearly 60 percent of Filipinos consider money as the top source of stress that impact their overall well-being, results of a study showed.
GSIS releases P322 billion in multipurpose loans
by Louise Maureen Simeon - March 5, 2025 - 12:00am
The Government Service Insurance System has released P322 billion in loans to over 1.2 million members under its enhanced lending program for state workers.
Recto wants stricter rules, not ban on online gambling
by Louise Maureen Simeon - March 5, 2025 - 12:00am
Instead of a total ban, the government should tighten rules and enforcement of online gambling operations as the government rakes in stronger revenues from the industry, Finance Secretary Ralph Recto said.
Philippines outstanding debt hits record P16.3 trillion
by Louise Maureen Simeon - March 5, 2025 - 12:00am
Latest data from the Treasury showed that the national debt settled at P16.31 trillion as of end-January, its highest level to date.
Excise tax collection rises to P303 billion in 2024
by Louise Maureen Simeon - March 4, 2025 - 12:00am
The higher consumption of “sin” products last year pushed the government’s excise tax collection to P303 billion, with the gap finally narrowing to single digit.
HMOs return to profit after 2 years of losses
by Louise Maureen Simeon - March 3, 2025 - 12:00am
The health maintenance organization (HMO) industry finally returned to profitability in 2024 after two years of losses as membership fees increased.
Diminishing disposable income dampens demand for death plans
by Louise Maureen Simeon - March 3, 2025 - 12:00am
The lower disposable income of Filipinos diminished the demand for memorial plans last year, hitting its lowest sales in three years, as prices of essential goods remain elevated.
Slower fiscal consolidation seen as government vows no new taxes
by Louise Maureen Simeon - December 26, 2024 - 12:00am
The start of 2024 confirmed a longstanding rumor of a significant change at the Department of Finance: a new secretary was coming.
DBM releases P875 million to replenish DSWD’s quick response fund
by Louise Maureen Simeon - November 17, 2024 - 12:00am
The Department of Budget and Management has released P875 million to replenish the quick response fund for calamity and disaster relief operations.
Philippines seeks stronger economic ties with Sweden
by Louise Maureen Simeon - November 17, 2024 - 12:00am
The Philippines is seeking enhanced cooperation and investment opportunities with Sweden in a bid to boost the local economy.
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