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Mary Grace Padin
Mary Grace Padin
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Espenilla named Bangko Sentral chief
by Mary Grace Padin - May 9, 2017 - 12:00am
President Duterte has named Nestor Espenilla Jr. as new governor of the Bangko Sentral ng Pilipinas (BSP), replacing Amando Tetangco who will retire on July 3.
Asean +3 makes progress in financial cooperation
by Mary Grace Padin - May 8, 2017 - 12:00am
The Association of Southeast Asian Nations (ASEAN) + 3 (Japan, China and South Korea) made further progress in financial cooperation, the Department of Finance (DOF) said during a recent meeting in Yokohama, Ja...
Gov’t debt steadies at P6.2 T in March
by Mary Grace Padin - May 7, 2017 - 12:00am
The national government’s debt pile slightly declined to P6.19 trillion as of end-March due to debt repayments, as well as the impact of the stronger peso, data from the Bureau of the Treasury (BTr) showe...
DOF warns of wider budget deficit
by Mary Grace Padin - May 6, 2017 - 12:00am
The government may face a wider budget deficit if Congress approves its substitute tax reform bill without incorporating other revenue-generating measures, the Department of Finance (DOF) said yesterday.
MICC to start review on mining operations
by Mary Grace Padin - May 5, 2017 - 12:00am
The interagency Mining Industry Coordinating Council (MICC) may start its review on the country’s mining operations before the end of the month, a member of the committee said yesterday.
FWD Life among fastest growing insurers
by Mary Grace Padin - May 5, 2017 - 12:00am
FWD Life Insurance Corp. recorded a 35 percent increase in premium income to P3.04 billion last year from P2.26 billion in 2015, its president and chief executive officer Peter Grimes said.
Diesel tax, fuel levy hike to take effect in 2018
by Mary Grace Padin - May 5, 2017 - 12:00am
If passed by Congress, the tax on diesel and higher taxes on other oil products that members of the House committee on ways and means approved on Wednesday will take effect next year, Albay Rep. Joey Salceda said...
NG spends P248 B for debt payments in Q1
by Mary Grace Padin - May 2, 2017 - 12:00am
Debt payments by the national government reached P248.65 billion in the first quarter, down 28 percent from the P344.48 billion in the same period in 2016, data from the Bureau of the Treasury (BTr) showed.
Gov’t borrowings slightly up to P213.1 B in Q1
by Mary Grace Padin - May 1, 2017 - 12:00am
Government borrowings in the first quarter of the year grew almost flat from a year ago, data from the Bureau of the Treasury (BTr) showed.
New pension scheme eyed for uniformed personnel
by Mary Grace Padin - May 1, 2017 - 12:00am
The government is working on the proposal for a new pension scheme for uniformed personnel to address increasing pension costs.
GOCC subsidies more than double to P19.7 B in Q1
by Mary Grace Padin - April 29, 2017 - 12:00am
Subsidies granted to government-owned and -controlled corporations (GOCCs) more than doubled in the first three months of the year, with the bulk going to the National Irrigation Administration (NIA) and the National...
Sun Life AUM hits record P57 B in April
by Mary Grace Padin - April 28, 2017 - 12:00am
Assets under the management of Sun Life Asset Management Co. Inc. (SLAMCI) amounted to about P57 billion as of early-April, exceeding its target AUM of P53 billion by year-end.
BOC collections exceed Q1 target at P104.9 B
by Mary Grace Padin - April 26, 2017 - 12:00am
The Bureau of Customs (BOC) said yesterday it collected P104.9 billion in taxes and other tariff in the first quarter, exceeding its P104.28 billion target.
Gov’t borrowings reach P132.2 B in February
by Mary Grace Padin - April 26, 2017 - 12:00am
Government borrowings rose almost five times to P132.231 billion in February after the issuance of $2 billion worth of global bonds during the month, data from the Bureau of the Treasury (BTr) showed.
DOF, DOH link up to construct drug rehab facilities
by Mary Grace Padin - April 26, 2017 - 12:00am
The Department of Finance (DOF) has partnered with the Department of Health (DOH) for the construction of drug rehabilitation facilities to be funded by around $7.5 million in grants from China.
BSP requires banks, quasi banks to publish annual report
by Mary Grace Padin - April 25, 2017 - 12:00am
All banks and quasi-banks, except local branches of foreign banks, are now required to publish their annual reports, according to the Bangko Sentral ng Pilipinas (BSP).
Amend bank secrecy law first, before tax amnesty – Dominguez
by Mary Grace Padin - April 25, 2017 - 12:00am
The government must first amend its strict bank secrecy law before it can proceed with any tax amnesty program, Finance Secretary Carlos Dominguez said yesterday.
Doctor, school owner arrested for non-payment of P6.5-M SSS contributions
by Mary Grace Padin - April 25, 2017 - 12:00am
A doctor and a school owner were arrested by the Social Security System (SSS) and the Criminal Investigation and Detection Group (CIDG) yesterday for allegedly not paying their employees’ premium contributions...
T-bill rates mixed during yesterday’s auction
by Mary Grace Padin - April 24, 2017 - 7:31pm
Treasury bill rates showed mixed results during yesterday’s auction as traders are still on the lookout for more catalysts in the market, the Bureau of the Treasury (BTr) said yesterday.
Inflation seen to rise this year
by Mary Grace Padin - April 24, 2017 - 12:00am
Economists of private banks expect higher inflation in 2017 due to weaker peso, high oil and electricity prices, and the possible implementation of tax reform, a survey by the Bangko Sentral ng Pilipinas (BSP) ...
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