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Mary Grace Padin
Mary Grace Padin
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IC eases documentary clearance for insurers
by Mary Grace Padin - March 27, 2017 - 12:00am
The Insurance Commission has reduced the number of documentary requirements for insurance companies as part of efforts to cut red tape.
NG pays P537 B for 2016 debt
by Mary Grace Padin - March 27, 2017 - 12:00am
The national government spent P536.66 billion for debt payments in 2016, up slightly 0.5 percent from P534.14 billion in 2015, data from the Bureau of the Treasury (BTr) showed.
SSS wants OFW coverage
by Mary Grace Padin - March 27, 2017 - 12:00am
State-run Social Security System (SSS) is pushing for the mandatory coverage of overseas Filipino workers to help achieve its goal of expanding membership and at the same time provide protection for OFWs.
DOF: No settlement with Mighty
by Mary Grace Padin - March 27, 2017 - 12:00am
Embattled Mighty Corp. will not be able to easily get away with a compromise settlement after the Bureau of Customs (BOC) and Bureau of Internal Revenue (BIR) found more cigarettes with fake tax stamps in its warehouses...
High-level economic delegation off to Tokyo
by Mary Grace Padin - March 25, 2017 - 12:00am
A high-level delegation led by Finance Secretary Carlos Dominguez is set to visit Tokyo next week to discuss with Japanese officials a list of proposed Philippine infrastructure projects for possible funding as...
State budget swings to P2.2-B surplus in Jan
by Mary Grace Padin - March 24, 2017 - 12:00am
The government posted a budget surplus of P2.2 billion in January as growth in revenue collection outpaced spending, the Bureau of the Treasury (BTr) reported yesterday.
P30-B retail T-bonds up for Public auction
by Mary Grace Padin - March 24, 2017 - 12:00am
The government will sell P30 billion in three-year retail treasury bonds (RTB) to the general investing public next week, the Bureau of the Treasury (BTr) announced yesterday.
DOF eyes Landbank branch in Bahrain
by Mary Grace Padin - March 23, 2017 - 12:00am
The Department of Finance (DOF) said yesterday it is planning to establish a subsidiary of the Land Bank of the Philippines (Landbank) in Bahrain, which will serve overseas Filipino workers (OFW) and help facilitate...
BIR files P9.56-B tax evasion raps vs Mighty
by Mary Grace Padin - March 23, 2017 - 12:00am
The Bureau of Internal Revenue (BIR) yesterday filed a P9.564-billion tax evasion case against cigarette manufacturer Mighty Corp. for the alleged use of counterfeit tax stamps.
Clean Air Asia supports hike in auto, fuel taxes
by Mary Grace Padin - March 22, 2017 - 12:00am
An international organization which advocates for better air quality in the region is supporting the Duterte administration’s proposal to raise excise taxes on fuel and vehicles as it is seen to become a tool...
Pagcor open to possibility of privatizing all casinos
by Mary Grace Padin - March 22, 2017 - 12:00am
The Philippine Amusement and Gaming Corp. (Pagcor) said yesterday it is open to the possibility of privatizing all the casinos it currently owns and operates as proposed by the Department of Finance (DOF).
Reissued T-bonds fetch higher rates
by Mary Grace Padin - March 22, 2017 - 12:00am
Reissued five-year Treasury bonds (T-bonds) fetched higher yields during yesterday’s auction as traders continued to be on the lookout for more catalysts in the market, the Bureau of the Treasury (BTr) sa...
RCEP talks seen to wrap up soon
by Mary Grace Padin - March 21, 2017 - 12:00am
A high-level official of the Duterte administration expressed optimism for the early conclusion of discussions for the China-led Regional Comprehensive Economic Partnership (RCEP) agreement, which is seen to benefit...
GOCC subsidies up to P103 B in 2016
by Mary Grace Padin - March 20, 2017 - 12:00am
Subsidies to government-owned and -controlled corporations (GOCCs) went up in 2016, with the bulk of the amount going to health care services, data from the Bureau of the Treasury (BTr) showed.
China extends $75-M grant for 2 bridges
by Mary Grace Padin - March 20, 2017 - 12:00am
The Philippines will receive $75 million worth of grant assistance from China for the construction of two bridges that would help ease traffic congestion in Metro Manila, the Department of Finance (DOF) said over...
All insurers need P550-M minimum capital base – IC
by Mary Grace Padin - March 19, 2017 - 12:00am
The Insurance Commission (IC) said all mutual insurance companies, just like other insurance firms, are also required a minimum equity base of P550 million by end-2016.
P326 B infra projects on stream
by Mary Grace Padin - March 17, 2017 - 12:00am
About P326 billion worth of infrastructure projects have been started or are in the pipeline for implementation this year, the Department of Finance (DOF) said.
3rd tranche of SSS pension released today
by Mary Grace Padin - March 17, 2017 - 12:00am
State-run Social Security System (SSS) is set to release today the third and final tranche of the additional P1,000 pension to qualified SSS retirees, survivors and permanently disabled members.
More groups back proposed tax reform package
by Mary Grace Padin - March 15, 2017 - 12:00am
Former government officials, business groups and civil society organizations have called on the Congress to approve the government’s tax reform proposal as it could deliver additional government revenues that...
T-bills rise across the board
by Mary Grace Padin - March 14, 2017 - 12:00am
Treasury bill (T-bill) rates went up across the board during yesterday’s auction ahead of the US Federal Open Market Committee (FOMC) meeting later this week.
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