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Mary Grace Padin
Mary Grace Padin
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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) ...
PMI market share drops to 66% in Q1
by Mary Grace Padin - April 24, 2017 - 12:00am
Cigarette giant Philip Morris International (PMI) said its market share in the Philippines declined in the first quarter as the price of its lower end products continued to see wider gaps against its competitor...
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) ...
Tighter credit standards for comm’l real estate loans
by Mary Grace Padin - April 24, 2017 - 12:00am
Banks continued to tighten their credit standards for real estate loans to companies, while maintained those for housing loans of individuals during the first quarter, the Bangko Sentral ng Pilipinas (BSP) repo...
Gov’t subsidies to GOCCs hit P10B in Feb
by Mary Grace Padin - April 24, 2017 - 12:00am
State owned and controlled firms received almost P10 billion in subsidies from the government in February 2017, data from the Bureau of the Treasury (BTr) showed.
Government infra spending picks up pace in February
by Mary Grace Padin - April 23, 2017 - 12:00am
Public spending on infrastructure rose 2.6 percent in February to P43.3 billion as the national government continued to construct more roads and implement flood control projects.
BSP padlocks CamSur bank
by Mary Grace Padin - April 23, 2017 - 12:00am
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has ordered the closure of Rural Bank of Ragay (Camarines Sur), Inc., the fourth to be shuttered this year in an effort to weed out weak players in the...
Banks keep credit standards tight
by Mary Grace Padin - April 23, 2017 - 12:00am
Local banks continued to tighten their credit standards for loans to companies, but maintained those for households during the first quarter of the year, the Bangko Sentral ng Pilipinas (BSP) reported.
$459 M hot money flows out in March
by Mary Grace Padin - April 22, 2017 - 12:00am
Foreign portfolio investments or hot money flowed out of the country in March as investors were driven away by continued uncertainties, such as the anticipated rate hike in the US and the trials faced by the local...
Fiscal balance swings to deficit in Feb
by Mary Grace Padin - April 21, 2017 - 12:00am
The national government’s fiscal balance swung back to a deficit last February as revenue generation failed to offset spending during the period, data from the Bureau of the Treasury (BTr) showed.
BPI income jumps to P6.25-B
by Mary Grace Padin - April 21, 2017 - 12:00am
Ayala-led Bank of the Philippine Islands (BPI) reported yesterday a strong growth in net income for the first quarter, driven mainly by an increase in the bank’s loan portfolio and trading gains from securities...
Term deposits fetch higher rates
by Mary Grace Padin - April 20, 2017 - 12:00am
Term deposits fetched higher yields during yesterday’s auction at the Bangko Sentral ng Pilipinas.
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