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Louise Maureen Simeon
Louise Maureen Simeon
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Tax season fails to beef up budget surplus
by Louise Maureen Simeon - May 24, 2024 - 12:00am
The recent tax season failed to raise the country’s budget surplus in April as the growth of state expenditures outpaced what the government collected from revenues.
Landbank plans record P50 billion bond issue in Q4
by Louise Maureen Simeon - May 23, 2024 - 12:00am
State-run Land Bank of the Philippines plans to raise as much as P50 billion in its biggest bond sale toward the end of 2024 as it expects policy rates to finally ease.
Insurance industry earnings expand 45% in January-March
by Louise Maureen Simeon - May 23, 2024 - 12:00am
The insurance industry saw its net income soar to more than P14 billion in the first quarter amid a significant increase in the life segment, raising the sector’s contribution to the overall economy to 1.78...
Treasury sells P22.7 billion T-bonds on partial award
by Louise Maureen Simeon - May 22, 2024 - 12:00am
The government managed to raise P22.7 billion in a fresh issuance of long-term securities as rates picked up after the peso slid to an almost two-year low.
Government infrastructure spending rises to P220 billion in Q1
by Louise Maureen Simeon - May 22, 2024 - 12:00am
The government increased its infrastructure spending to almost P220 billion in the first quarter, mainly to finance road and defense projects, the Department of Budget and Management said.
DOF sticks with P4.3 trillion revenue goal
by Louise Maureen Simeon - May 21, 2024 - 12:00am
The Department of Finance is keeping its P4.3-trillion revenue target for the year, banking on non-tax measures even amid less optimistic expectations on overall economic expansion.
Pag-IBIG members save record P28 billion in 3 months
by Louise Maureen Simeon - May 21, 2024 - 12:00am
Member savings collections of the Home Development Mutual Fund, commonly known as Pag-IBIG, reached a record P28.75 billion in the first quarter, allowing the agency to finance the higher demand for home loans.
HMOs finally swing to profit in Q1
by Louise Maureen Simeon - May 21, 2024 - 12:00am
The health maintenance organization industry reverted to profitability in the first quarter after almost two years of losses as membership fees increased.
BFP gets P2.88 billion to boost emergency response
by Louise Maureen Simeon - May 21, 2024 - 12:00am
The Department of Budget and Management has released P2.88 billion to strengthen and modernize the government’s emergency response to fires.
DOF moves to plug excise tax leakages
by Louise Maureen Simeon - May 20, 2024 - 12:00am
The Department of Finance (DOF) is moving to address the gap in excise tax collection, particularly of sin products, amid the still rampant illicit trade.
Notes on the beat: Has ADB done enough to solve global problems?
by Louise Maureen Simeon - May 20, 2024 - 12:00am
Nearly six decades ago, about 100,000 civilians and military personnel perished as the Vietnam War escalated, the human spaceflight program Project Gemini was completed and the world witnessed the birth of the automated...
DBM releases P88 million for tobacco industry
by Louise Maureen Simeon - May 19, 2024 - 12:00am
The Department of Budget and Management (DBM) has released P88 million to help boost the local tobacco industry.
Government OKs P432 million climate adaptation projects
by Louise Maureen Simeon - May 19, 2024 - 12:00am
The government has greenlighted some P432 million worth of projects meant to aid climate vulnerable areas in the Philippines.
Caritas Financial Plans faces possible liquidation
by Louise Maureen Simeon - May 18, 2024 - 12:00am
Pre-need firm Caritas Financial Plans Inc. (CFPI) may be liquidated over the next few months after the government placed it under receivership.
Philippines gets P575 million to address climate change
by Louise Maureen Simeon - May 18, 2024 - 12:00am
The Philippines has secured a financial boost of P575 million ($10 million) to ramp up its programs aimed at addressing the worsening impacts of climate change.
Pag-IBIG releases P28 billion in home loans
by Louise Maureen Simeon - May 18, 2024 - 12:00am
The Home Development Mutual Fund, commonly known as Pag-IBIG, released a record P28 billion in housing loans in the first quarter for nearly 20,000 members.
Policy easing likely in Q4, says Recto
by Louise Maureen Simeon - May 16, 2024 - 12:00am
The Bangko Sentral ng Pilipinas is expected to keep rates unchanged today, but rate cuts may happen only toward the end of the year.
Higher rates force government to cut down T-bond award
by Louise Maureen Simeon - May 15, 2024 - 12:00am
The government barely raised half of its target long-term securities yesterday as rates picked up, allowing it to borrow only P11.5 billion from the debt market.
Finance chief floats free trade deal with Canada
by Louise Maureen Simeon - May 15, 2024 - 12:00am
Finance Secretary Ralph Recto has floated the potential of a free trade agreement with Canada as he sought more economic and investment opportunities with one of the world’s biggest economies.
GSIS allots P1.7 billion emergency loans
by Louise Maureen Simeon - May 15, 2024 - 12:00am
State-run pension fund Government Service Insurance System has allocated P1.7 billion in emergency loans to members and pensioners affected by rabies and the El Niño phenomenon.
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