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Louise Maureen Simeon
Louise Maureen Simeon
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BOC collections fall short of target in August
by Louise Maureen Simeon - September 8, 2024 - 12:00am
The Bureau of Customs saw its collections fall short of target in August following the implementation of the rice tariff cut.
GOCC dividend collections hit P96 billion
by Louise Maureen Simeon - September 8, 2024 - 12:00am
The government collected more than P96 billion from state-run firms as of end-July, nearing the full year target amid the need for more revenues for the country’s development needs.
BIR: 14 more drugs VAT-free
by Louise Maureen Simeon - September 7, 2024 - 12:00am
The Bureau of Internal Revenue (BIR) has issued an updated list of value-added tax (VAT)-free medicines for diseases such as cancer, diabetes and tuberculosis.
SSS seeks coverage for barangay officials
by Louise Maureen Simeon - September 6, 2024 - 12:00am
State-run pension fund Social Security System targets to expand its coverage to local government officials in over 40,000 barangays nationwide.
Tariff cuts to further cool inflation – DOF
by Louise Maureen Simeon - September 6, 2024 - 12:00am
The Department of Finance expects inflation to ease further in the coming months as the impact of the rice tariff cut becomes more pronounced.
ODA loan guidelines for Bangsamoro OKd
by Louise Maureen Simeon - September 5, 2024 - 12:00am
The guidelines on official development assistance loans for funding of various projects in Bangsamoro have been approved, the Department of Finance said.
UNDP, DOF to craft climate finance strategy
by Louise Maureen Simeon - September 4, 2024 - 12:00am
The United Nations Development Program and the Department of Finance will craft a climate finance strategy to mobilize needed resources for the Philippines.
Philippines debt hits record P15.69 trillion in July
by Louise Maureen Simeon - September 4, 2024 - 12:00am
The issuance of domestic securities and other foreign borrowings pushed the country’s debt to P15.69 trillion in July, in yet another fresh high in outstanding obligations, according to the Bureau of the ...
Landbank expands emergency loan program
by Louise Maureen Simeon - September 3, 2024 - 12:00am
State-run Land Bank of the Philippines has expanded its loan program to cater to individuals and businesses affected by emergencies and natural calamities.
Government borrowings jump 43 percent to P189 billion in July
by Louise Maureen Simeon - September 2, 2024 - 12:00am
The government jacked up its borrowings by a little over 40 percent to P189 billion in July, largely coming from the domestic market.
Government spending rate improves in 7 months
by Louise Maureen Simeon - August 31, 2024 - 12:00am
The government ramped up the releases of cash allocations, with state agencies remaining in a higher spending mode as of end-July.
BSP sees inflation cooling in August
by Louise Maureen Simeon - August 31, 2024 - 12:00am
Inflation likely eased in August and returned to the target band of the Bangko Sentral ng Pilipinas after a quick uptick in July, amid lower prices of oil and other food commodities. Based on its monthly forecast,...
Fintech adoption rate to hit 80%
by Louise Maureen Simeon - August 30, 2024 - 12:00am
The adoption of financial technology services through mobile applications in the Philippines is expected to reach almost 80 percent by yearend as more Filipinos ride on the digital wave.
Another BSP rate cut seen after Fed easing
by Louise Maureen Simeon - August 30, 2024 - 12:00am
The Bangko Sentral ng Pilipinas is expected to deliver another 25-basis-point interest rate cut this year as it will be hard-pressed to not follow suit with the US Federal Reserve.
Philippines seeks P28 billion ADB loan to ramp up climate action
by Louise Maureen Simeon - August 30, 2024 - 12:00am
The Philippines is expected to secure a $500-million (P28.14 billion) loan from Manila-based Asian Development Bank to ramp up the country’s climate action initiatives.
Special Report: Tobacco farmers pin hopes on 60-year-old fund
by Louise Maureen Simeon - August 30, 2024 - 12:00am
The Department of Budget and Management has maintained that part of the Tobacco Fund may be tapped as a viable source for the government to fund its priority projects, particularly those that will help boost the...
Government borrows $2.5 billion to fund budget
by Louise Maureen Simeon - August 30, 2024 - 12:00am
The Philippines managed to secure $2.5 billion from the international debt market through a triple-tranche global bond issuance aimed at financing the country’s budgetary requirements.
BSP terminates contract with national ID card supplier
by Louise Maureen Simeon - August 30, 2024 - 12:00am
The Bangko Sentral ng Pilipinas has terminated its contract with the supplier of the national ID cards for failure to deliver on its commitments.
SSS, UP team up for better social protection
by Louise Maureen Simeon - August 29, 2024 - 12:00am
State-run pension fund Social Security System has partnered with the University of the Philippines to provide social protection among contractual university workers.
Special report: Tobacco farmers pin hopes on 60-year-old fund
by Louise Maureen Simeon - August 29, 2024 - 12:00am
Imagine how many projects can be financed with nearly P140 billion.
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