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Louise Maureen Simeon
Louise Maureen Simeon
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Another HMO placed under conservatorship
by Louise Maureen Simeon - May 18, 2025 - 12:00am
The Insurance Commission has placed health maintenance organization (HMO) Getwell Health Systems Inc. (GHSI) under conservatorship amid its inability to address requirements from the government
PAGCOR remits P13 billion to Treasury
by Louise Maureen Simeon - May 18, 2025 - 12:00am
State-run Philippine Amusement and Gaming Corp. has remitted nearly P13 billion in dividends to the Bureau of the Treasury.
HMO profit surges to P579 million in Q1
by Louise Maureen Simeon - May 17, 2025 - 12:00am
The health maintenance organization (HMO) industry has sustained its profitability in the first quarter as membership fees increased.
DBM releases 90 percent of 2025 budget as of April
by Louise Maureen Simeon - May 17, 2025 - 12:00am
The government has released nearly 90 percent of the record P6.326 trillion budget this year as state agencies move to implement their respective projects.
DBM releases P63.7 billion in midyear bonus of state workers
by Louise Maureen Simeon - May 16, 2025 - 12:00am
 The government started releasing a total of P63.7 billion in midyear bonuses for state workers yesterday, the Department of Budget and Management said.
Allianz PNB eyes P135 billion managed assets
by Louise Maureen Simeon - May 15, 2025 - 12:00am
The joint venture between Lucio Tan’s Philippine National Bank and Allianz is looking to grow its managed assets to P135 billion this year on the back of a more targeted approach among its clients.
Government bonds soon available on GCash
by Louise Maureen Simeon - May 15, 2025 - 12:00am
The government will make available the latest offering of retail Treasury bonds on e-wallet giant GCash early in the second half to cater to more retail investors and boost financial inclusion among Filipinos. ...
GSIS collects record P10.5 billion from non-life insurance premiums
by Louise Maureen Simeon - May 14, 2025 - 12:00am
The non-life insurance premium collections of state-run pension fund Government Service Insurance System rose to a record P10.5 billion in 2024 as more agencies moved to secure their assets from eventualit...
Government urged to lower tobacco tax rates
by Louise Maureen Simeon - May 14, 2025 - 12:00am
The government should consider lowering tobacco tax rates to replenish its declining revenues as illicit trade and price disparity worsen, the Philippine Tobacco Institute said.
‘Corruption hinders efforts vs illicit trade’
by Louise Maureen Simeon - May 13, 2025 - 12:00am
The country’s poor performance in addressing corruption is hindering its ability to combat illicit trade despite ongoing tax efforts.
Government debt payments slashed by 65 percent in Q1
by Louise Maureen Simeon - May 12, 2025 - 12:00am
The Marcos administration slashed its debt payment by 65 percent to P342 billion in the first quarter, largely on lower settlement of the loan principal borrowed by the government.
Market-based pricing for fund transfers pushed
by Louise Maureen Simeon - May 11, 2025 - 12:00am
The new pricing scheme for fund transfers should not arise from agreements and fixing among supervised financial institutions as cost analysis will be validated by the Bangko Sentral ng Pilipinas.
Use of digital lending apps rising among Pinoys
by Louise Maureen Simeon - May 11, 2025 - 12:00am
Filipinos allocated more of their time using digital lending applications in 2024 as personal loans become more accessible.
State-guaranteed loans hit P239 billion
by Louise Maureen Simeon - May 11, 2025 - 12:00am
The government has provided guarantees to nearly P240 billion in loans in the first quarter with more Filipinos benefiting from credit supplementation.
DBCC still upbeat on 2025 target
by Louise Maureen Simeon - May 10, 2025 - 12:00am
The government economic team is not giving up on its 2025 growth target even after a slow first quarter performance and amid global uncertainties.
Debt-to-GDP ratio rises to 2-year high 62%
by Louise Maureen Simeon - May 9, 2025 - 12:00am
The share of national debt to the country’s output jumped to a two-year high of 62 percent in the first quarter after the government borrowed more to frontload expenditures, with the ratio moving further above...
BIR reminds candidates to declare unused campaign funds
by Louise Maureen Simeon - May 9, 2025 - 12:00am
As the campaign period winds down, the Bureau of Internal Revenue  has reminded candidates to declare unused election funds so they could be subject to income tax.
Gaming revenues up 27% to P104 billion in Q1
by Louise Maureen Simeon - May 8, 2025 - 12:00am
E-games overtake casinos for first time For the first time, the electronic games (e-games) sector has overtaken licensed casinos in terms of earnings with the gross gaming revenue (GGR) of the local gambling industry...
Philippines debt further rises to P16.68 trillion in March
by Louise Maureen Simeon - May 8, 2025 - 12:00am
The country’s total outstanding debt climbed to a fresh high of  P16.68 trillion as of end-March, 12 percent higher than last year’s P14.93 trillion, the Bureau of the Treasury said.
BSP enhances supervision of pawnshops, money service businesses
by Louise Maureen Simeon - May 7, 2025 - 12:00am
The Bangko Sentral ng Pilipinas is adopting a smarter approach to supervise money service businesses (MSBs) and pawnshops to boost financial integrity and prevent financial crimes.
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