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Louise Maureen Simeon
Louise Maureen Simeon
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DOF to push own MUP version
by Louise Maureen Simeon - September 25, 2023 - 12:00am
The Department of Finance is not giving up on the reforms it wants on the pension scheme of the military and uniformed personnel (MUP) after the Lower House approved a version different from the proposal of the economic...
Budget gap widens to P133 billion in August
by Louise Maureen Simeon - September 25, 2023 - 12:00am
The government posted a higher budget deficit of P133 billion in August as revenue collections slipped while state spending rose.
Be tax-compliant, BSKE bets told
by Louise Maureen Simeon - September 25, 2023 - 12:00am
The Bureau of Internal Revenue has reminded candidates in the coming barangay and Sangguniang Kabataan elections to comply with their tax obligations.
Diokno cites benefits of REIT investments
by Louise Maureen Simeon - September 24, 2023 - 12:00am
Promoting real estate investment trust offerings in the Philippines is expected to expedite financial inclusion and contribute to economic growth, according to the Department of Finance.
Pag-IBIG member savings reach P60 billion
by Louise Maureen Simeon - September 24, 2023 - 12:00am
Member savings collections of the Home Development Mutual Fund, commonly known as Pag-IBIG, reached almost P60 billion in the first eight months of the year,  allowing the agency to finance the higher demand...
Customs raises P750 billion from fuel marking program
by Louise Maureen Simeon - September 23, 2023 - 12:00am
The Bureau of Customs raised P750 billion worth of taxes through the government’s fuel marking program that aims to curb smuggling of petroleum products.
State firms still underspending in eight months  
by Louise Maureen Simeon - September 23, 2023 - 12:00am
The government increased its releases of cash allocations but spending usage of state agencies remained low as of end-August, according to the Department of Budget and Management.
Insurance industry hikes contribution to economy
by Louise Maureen Simeon - September 22, 2023 - 12:00am
The insurance industry saw its net income increase to P22 billion in the first semester of the year amid improvements in both life and non-life segments, with its contribution to the overall economy also inching...
Government raises P172 million from sale of closed banks’ assets  
by Louise Maureen Simeon - September 21, 2023 - 12:00am
The Philippine Deposit Insurance Corp. earned some P172 million from disposing assets of padlocked banks in the first semester of the year.
Inflation seen to hit 6.2% in 2023
by Louise Maureen Simeon - September 21, 2023 - 12:00am
Inflation is expected to jump to 6.2 percent for 2023 if higher prices of rice and fuel persist in the next few months, with the government likely to overshoot its target and not achieve a sustained downward tr...
‘Risk-averse market stalls investments’
by Louise Maureen Simeon - September 21, 2023 - 12:00am
The overly conservative market due to high interest rates and elevated inflation is being considered as the biggest risk to investment growth in the Philippines and in the region.
DA lifts ban on poultry imports from France
by Louise Maureen Simeon - September 20, 2023 - 12:00am
The Department of Agriculture has lifted the over two-year temporary ban on poultry imports from France after being cleared from bird flu.
Treasury fully awards P30 billion T-bonds
by Louise Maureen Simeon - September 20, 2023 - 12:00am
The government borrowed P30 billion in long-term securities after investors asked for lower rates.
DOF chief opposes suspension of fuel excise tax
by Louise Maureen Simeon - September 20, 2023 - 12:00am
Suspending the excise tax on petroleum products is expected to have serious repercussions on state coffers and on the overall economy, Finance Secretary Benjamin Diokno warned yesterday, dismissing the proposal from...
T-bill rates drop ahead of US Fed, BSP meetings
by Louise Maureen Simeon - September 19, 2023 - 12:00am
Rates for the government’s short-term securities dropped across the board ahead of the scheduled policy meetings of the US Federal Reserve and the Bangko Sentral ng Pilipinas.
Farmers buck rice tariff cut; Diokno stands firm
by Louise Maureen Simeon - September 19, 2023 - 12:00am
Farmers’ groups are confident that President Marcos will junk the proposed tariff cut on imported rice, but the head of the government’s economic team maintained that slashing rice import tariffs would...
Government trims borrowings by 25 percent in July
by Louise Maureen Simeon - September 18, 2023 - 12:00am
The government reduced its borrowings by a quarter to P132 billion in July, largely coming from the domestic market.
DOF exec exit unlikely to stall MUP pension reform
by Louise Maureen Simeon - September 18, 2023 - 12:00am
The move to address the pension scheme of the military and uniformed personnel is unlikely to hit a brake even with the exit of a key government official leading the reform.
DBP remits P25 billion Maharlika contribution
by Louise Maureen Simeon - September 17, 2023 - 10:30am
The Development Bank of the Philippines has remitted its P25-billion contribution to the Maharlika Investment Fund ahead of the formal establishment of the corporation that will manage the country’s first sovereign...
Pag-IBIG home loans reach record P77 billion
by Louise Maureen Simeon - September 16, 2023 - 12:00am
The Home Development Mutual Fund, commonly known as Pag-IBIG, released a record-high P77 billion in housing loans from January to August.
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