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Louise Maureen Simeon
Louise Maureen Simeon
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Maharlika fund goes on staff hiring spree
by Louise Maureen Simeon - March 27, 2025 - 12:00am
After more than a year, state-run Maharlika Investment Corp. is finally moving to fill its organizational structure and staffing pattern, but highly technical positions remain under review.
IC wants accident insurance expanded to motorcycle taxis
by Louise Maureen Simeon - March 26, 2025 - 12:00am
The government wants to expand the coverage of passenger personal accident insurance to motorcycle taxis amid increased exposure following their frequent use as a transport alternative.
IRR on VAT refund for tourists signed
by Louise Maureen Simeon - March 25, 2025 - 12:00am
The government expects inbound tourism to further pick up following the signing of the implementing rules and regulations for the value-added tax refund for foreign tourists.
Japan lends P65 billion to Philippines for infrastructure, climate change
by Louise Maureen Simeon - March 25, 2025 - 12:00am
The Philippines and Japan have signed P65 billion worth of loan financing for five projects aimed at boosting infrastructure and climate change initiatives in the country.
Government hikes borrowings to P213 billion in January
by Louise Maureen Simeon - March 24, 2025 - 12:00am
The Marcos administration slightly increased its borrowings by five percent to P213 billion at the onset of the new year, largely from domestic creditors.
Insurance Commission wants review of HMO jurisdiction
by Louise Maureen Simeon - March 24, 2025 - 12:00am
The Insurance Commission (IC) is pushing for the review of the health maintenance organization (HMO) sector’s jurisdiction, nearly 10 years after it was placed under its care.
BIR eyes P338 billion from excise taxes
by Louise Maureen Simeon - March 22, 2025 - 12:00am
The Bureau of Internal Revenue (BIR) targets to collect higher excise taxes of up to P338 billion this year as the government moves to improve the regulatory environment and continues to address illicit trade. ...
Life insurance firm placed under conservatorship
by Louise Maureen Simeon - March 21, 2025 - 12:00am
The government has placed life insurance firm Philippines International Life Insurance Co. Inc. (PhilInterLife) under conservatorship amid its inability to address requirements mandated by law.
Spending rate of state firms slows to 83%
by Louise Maureen Simeon - March 20, 2025 - 12:00am
State agencies recorded a lower spending rate as of February following adjustments done by Congress that President Marcos placed under conditional implementation.
Recto: Rate cut possible in April
by Louise Maureen Simeon - March 20, 2025 - 12:00am
There is a higher probability that the Bangko Sentral ng Pilipinas  may return to its easing cycle next month as doing so is crucial in attaining at least six percent economic growth for 2025, according to Finance...
‘Duterte arrest has no negative impact on investors’
by Louise Maureen Simeon - March 20, 2025 - 12:00am
The arrest of former president Rodrigo Duterte has no negative effects on investor sentiment and is unlikely to cause political instability even with the midterm elections just around the corner, the finance chief...
Budget surplus dips to P68 billion in January
by Louise Maureen Simeon - March 19, 2025 - 12:00am
The Marcos administration returned to a surplus in January, but the budget excess is lower at P68 billion as state spending growth outpaced revenue expansion, according to the Bureau of the Treasury.
Penalties await coops failing to submit tax incentive reports
by Louise Maureen Simeon - March 18, 2025 - 12:00am
The government will impose penalties on cooperatives that fail to comply with tax incentive reporting under the Corporate Recovery and Tax Incentives for Enterprises Act.
Government pays record P2 trillion debt last year
by Louise Maureen Simeon - March 17, 2025 - 12:00am
The country’s debt service hit a record P2 trillion last year, largely on principal payments, as the government moved to cut mounting obligations.
Agencies told to ready Tier 2 budget submissions
by Louise Maureen Simeon - March 16, 2025 - 12:00am
The Department of Budget and Management will soon ask state agencies to submit their proposals for new or expanded programs now that the initial tier for budget allocations has been finalized.
P4.23 trillion released from 2025 budget
by Louise Maureen Simeon - March 15, 2025 - 12:00am
Nearly 70 percent or P4.23 trillion of the record P6.326-trillion budget for 2025 has been released as the government ramps up the implementation of various programs, according to the Department of Budget and M...
Government slashes GOCC subsidies by 15 percent
by Louise Maureen Simeon - March 15, 2025 - 12:00am
Budgetary support to state-run firms declined by 15 percent to P139 billion in 2024 from P163.5 billion in 2023 as fiscal space remains limited, according to the Bureau of the Treasury.
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.
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