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Mary Grace Padin
Mary Grace Padin
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New budget system set in 2018 — DBM
by Mary Grace Padin - February 25, 2017 - 12:00am
The government’s national budget will transition to a new structuring system in 2018, which classifies expenditures by programs to improve transparency and ensure that agencies achieve their objectives and...
Israel explores Phl prospects
by Mary Grace Padin - February 24, 2017 - 11:26pm
Israel is currently exploring possible investment opportunities in the Philippine information technology sector, as well as ways to expand its support to the country’s agriculture sector, the Department of...
Landbank income up 2% to P13.6 B
by Mary Grace Padin - February 23, 2017 - 12:00am
State-owned Land Bank of the Philippines ended 2016 on a strong note as it has sustained its increase in net income and posted double-digit growth in both assets and deposits during the period.
Reissued T-bonds fetch higher yields
by Mary Grace Padin - February 22, 2017 - 12:00am
Reissued Treasury bonds (T-bonds) with a remaining life span of four years and 11 months fetched higher yields during yesterday’s auction, but remained aligned with market movements, amid global and domestic...
Review panel to focus on 23 mining firms
by Mary Grace Padin - February 22, 2017 - 12:00am
The panel tasked to review the performance of local mining companies will initially focus on the 23 firms ordered closed by the Department of Environment and Natural Resources (DENR), a member of the Mining Industry...
LGUs at risk of losing P821 M annual revenues from mining
by Mary Grace Padin - February 21, 2017 - 10:22pm
Affected local government units (LGUs) could lose more than P820 million annual revenue from the possible closure and suspension of 28 mining sites across the country, the Department of Finance (DOF) reported ...
MICC to review mining contracts
by Mary Grace Padin - February 20, 2017 - 12:00am
The Mining Industry Coordinating Council (MICC) is set to convene again today to iron out the details of the multi-stakeholder review on the existing contracts of all mining companies in light of the Department...
Insurance firms urged to invest in infrastructure
by Mary Grace Padin - February 20, 2017 - 12:00am
The Insurance Commission (IC) is pushing for the insurance industry to explore more investment opportunities in the infrastructure sector as it could present higher yields compared to equities and fixed income ...
Senate backs BIR pay hike
by Mary Grace Padin - February 19, 2017 - 12:00am
The Senate is backing a proposal to raise the salaries of employees of the Bureau of Internal Revenues through exemption from the Salary Standardization Law.
Insurance industry posts flat growth in 2016
by Mary Grace Padin - February 19, 2017 - 12:00am
Total premiums generated by the insurance industry inched up 0.29 percent to P231.90 billion last year from P231.20 billion in 2015, Insurance Commission head Dennis Funa said.
DPWH eyes bridge network across Pasig River
by Mary Grace Padin - February 18, 2017 - 11:29pm
The Department of Public Works and Highways (DPWH) is considering the construction of a bridge network across the Pasig River to address traffic congestion along EDSA.
Firms back fuel marking scheme
by Mary Grace Padin - February 18, 2017 - 10:50pm
Various companies have expressed support for a proposal to bring back a fuel marking and monitoring scheme to fight oil smuggling and plug tax leakages.
Phl, Mexico in FTA, currency talks
by Mary Grace Padin - February 18, 2017 - 10:49pm
The Philippines and Mexico have agreed to pursue free trade and currency agreements as both countries move to strengthen their bilateral ties and economic cooperation, the Department of Finance (DOF) said yeste...
Vehicle industry can cope with higher excise tax – DOF
by Mary Grace Padin - February 17, 2017 - 11:30pm
The local automotive industry’s growth would not be seriously affected by the proposed adjustments in the excise tax on cars, Finance Secretary Carlos Dominguez said yesterday.
Council to review DENR closure of mining firms
by Mary Grace Padin - February 17, 2017 - 11:18pm
The government’s Mining Industry Coordinating Council (MICC) is bent on subjecting to review the recent decision of Environment Secretary Regina Lopez to close down some mining firms and terminate existing...
Share prices defy US, regional rallies
by Mary Grace Padin - February 16, 2017 - 12:00am
Share prices continued to plunge yesterday, ignoring Wall St’s rally fueled by the monetary policy report of US Federal Reserve chairman Janet Yellen.
IC issues guidelines on HIV coverage
by Mary Grace Padin - February 16, 2017 - 12:00am
The Insurance Commission (IC) has issued a new regulation guiding life insurance firms on the assessment of the risk and insurance coverage of persons with or suspected to be with human immunodeficiency virus (...
BIR to meet with cigarette firms on fake tax stamps issue
by Mary Grace Padin - February 14, 2017 - 12:00am
The Bureau of Internal Revenue (BIR) said yesterday it is planning to convene all players in the cigarette industry to get to the bottom of the proliferation of fake tax stamps in different parts of the country...
T-bill rates rise as BTr caps award
by Mary Grace Padin - February 14, 2017 - 12:00am
The Bureau of Treasury (BTr) yesterday made a partial award of the 91, 182 and 364-day Treasury bills as traders continued to demand higher rates amid risks brought about by both domestic and foreign developmen...
Pivotal ties to cushion vs US protectionism
by Mary Grace Padin - February 13, 2017 - 12:00am
The country’s gains from its strengthened ties with China, Japan and Russia could cushion the impact of possible protectionist policies in the US, the Finance chief said.
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