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Louise Maureen Simeon
Louise Maureen Simeon
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A seat in climate body to enable wider Philippines financing
by Louise Maureen Simeon - November 23, 2023 - 12:00am
The Philippines will take advantage of its seat in an international climate body to widen financing access for the country’s mitigation and adaptation efforts.
Rice stocks down in October
by Louise Maureen Simeon - November 23, 2023 - 12:00am
The country’s rice inventory slightly declined by two percent in October, but the government continues to assure that supply of the commodity is sufficient.
MGB OKs exploration permit of Benguet Corp in Zamboanga
by Louise Maureen Simeon - November 23, 2023 - 12:00am
Listed Benguet Corp. has secured an exploration permit for its gold project in Zamboanga Sibugay.
Cash utilization stuck at 94%
by Louise Maureen Simeon - November 23, 2023 - 12:00am
The government slightly increased its releases of cash allocations, but spending usage of state agencies did not budge as of end-October, according to the Department of Budget and Management.
BIR files criminal complaints vs 69 firms selling fake receipts
by Louise Maureen Simeon - November 23, 2023 - 12:00am
The Bureau of Internal Revenue yesterday filed 15 criminal cases against 69 corporations selling and purchasing fake receipts with an estimated P1.8 billion in tax liability.
Government borrows P20 billion from T-bonds at lower rates
by Louise Maureen Simeon - November 22, 2023 - 12:00am
The government borrowed P20 billion in long-term securities after demand surged and investors sought lower rates.
BIR exceeds October revenue goals
by Louise Maureen Simeon - November 22, 2023 - 12:00am
The Bureau of Internal Revenue increased its tax collections by almost 50 percent to P274 billion in October as the agency ramps up enforcement activities to ensure that the full year goal will be met.
Government sells P15 billion in tokenized T-bonds
by Louise Maureen Simeon - November 21, 2023 - 12:00am
The government borrowed P15 billion from the local debt market via the issuance of the peso-denominated tokenized Treasury bonds amid strong demand for the maiden offering.
P3 billion released for DSWD social safety net
by Louise Maureen Simeon - November 21, 2023 - 12:00am
The Department of Budget and Management has released P3 billion as an additional social safety net to help Filipinos cope with and recover from various crisis situations.
UnionDigital Bank eyes high-frequency lending
by Louise Maureen Simeon - November 20, 2023 - 12:00am
The digital banking arm of Aboitiz-led Union Bank of the Philippines is moving toward high-frequency lending with shorter payment periods to boost its loan portfolio and include more Filipinos in the banking ec...
Government infrastructure spending overshoots program
by Louise Maureen Simeon - November 19, 2023 - 12:00am
The government ramped up infrastructure spending to P858 billion in the first nine months the year, largely to finance rail and road projects, the Department of Budget and Management said.
Pag-IBIG releases record P51 billion in short-term loans
by Louise Maureen Simeon - November 18, 2023 - 12:00am
The Home Development Mutual Fund, commonly known as Pag-IBIG Fund, released nearly P51 billion in short-term loans from January to October to help members access additional funding.
UBX eyes P1 trillion transactions in 5 years
by Louise Maureen Simeon - November 17, 2023 - 12:00am
The financial technology arm of Aboitiz-led Union Bank of the Philippines intends to sustain its growth momentum as it targets to hit P1 trillion in transactions in five years.
Voice-based biometric for online banking eyed
by Louise Maureen Simeon - November 17, 2023 - 12:00am
Aboitiz-led Union Bank of the Philippines plans to introduce voice recognition as another biometric verification as it builds on scalable technology for safer and more efficient online banking services.
Government eyes P10 billion from maiden offer of tokenized T-bonds
by Louise Maureen Simeon - November 17, 2023 - 12:00am
The government intends to borrow at least P10 billion from the local debt market via the maiden issuance of the peso-denominated tokenized Treasury bonds.
BOC confiscates P42 worth of smuggled goods
by Louise Maureen Simeon - November 16, 2023 - 12:00am
The Bureau of Customs confiscated a record P42 billion in smuggled goods as of early November as the entry of illegal items into the country remains a problem.
PPPs seen to cement Philippines position as digital innovation hub
by Louise Maureen Simeon - November 16, 2023 - 12:00am
Partnering with the private sector is needed for the Philippines to keep up with the ever evolving digital landscape, especially as the country moves to cement its position as a digital innovation hub, President...
‘State spending to aid growth momentum’  
by Louise Maureen Simeon - November 16, 2023 - 12:00am
The government should strive to sustain the pace of spending to ensure that the momentum of economic expansion will continue while keeping inflation at a downtrend, according to analysts.
DBM releases P70 billion bonus, cash gifts for state workers
by Louise Maureen Simeon - November 16, 2023 - 12:00am
The Department of Budget and Management has started releasing nearly P70 billion in bonuses and cash gifts for government workers.
Government borrows P30 billion via T-bond issuance
by Louise Maureen Simeon - November 15, 2023 - 12:00am
The government borrowed P30 billion in long-term securities even as investors sought slightly higher rates ahead of the Bangko Sentral ng Pilipinas policy meeting this week.
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