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Mary Grace Padin
Mary Grace Padin
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DOF makes investment pitch to Mexico firms
by Mary Grace Padin - February 20, 2018 - 12:00am
The Department of Finance has invited Mexico-based technology and manufacturing firms to invest in the country and possibly make the Philippines the center of their operations in Southeast Asia.
SSS offers emergency loans to Mayon victims
by Mary Grace Padin - February 20, 2018 - 12:00am
Active members and pensioners of the Social Security System residing in areas affected by the eruption of Mayon Volcano can avail of emergency loans from the state fund until May 15, an SSS official said over the...
SSS tightens sanctions vs erring employers
by Mary Grace Padin - February 20, 2018 - 12:00am
State-run Social Security System will implement starting April a new policy, which will enable the agency to seize the properties and garnish the bank accounts of delinquent employers.
Government debt-to-GDP ratio expands to 36. 4%
by Mary Grace Padin - February 19, 2018 - 12:00am
The proportion of government debt to the country’s gross domestic product (GDP) rose to 36.4 percent in the second quarter last year due to higher expenditures and borrowings, the Department of Finance (DOF)...
Reforms to improve Philippine ranking in Open Budget Survey
by Mary Grace Padin - February 19, 2018 - 12:00am
The passage of a bill which seeks to institutionalize reforms in the country’s budget system will raise the Philippines’ ranking in the Open Budget Survey of the International Budget Partnership (IBP),...
JTI questions resolution on counterfeit cigarette factory
by Mary Grace Padin - February 19, 2018 - 12:00am
The government’s campaign against cigarette counterfeiting and smuggling encountered a major setback due to a resolution filed by Malolos City prosecutors which caused the release of 73 workers found manufacturing...
Pag-IBIG to invest in equities
by Mary Grace Padin - February 19, 2018 - 12:00am
State-run Home Development Mutual Fund (HDMF), also known as the Pag-IBIG Fund, it remains keen on diversifying its investment portfolio by investing P5 billion in equities, with the goal of gaining better returns...
Insurance Commission defines ‘unsafe practices’ under Insurance Code
by Mary Grace Padin - February 18, 2018 - 12:00am
The Insurance Commission (IC) has clarified the definition of “unsafe and unsound” business practices of the insurance industry as provided under the Insurance Code.
Proposed Bangsamoro Basic Law must ensure fiscal discipline – Department of Finance
by Mary Grace Padin - February 18, 2018 - 12:00am
The proposed Bangsamoro Basic Law (BBL) must ensure that the region is practicing fiscal discipline to guarantee the efficient utilization of the public’s funds and the development of the Bangsamoro region,...
Department of Finance supports amnesty for delinquent taxpayers
by Mary Grace Padin - February 17, 2018 - 12:00am
The Department of Finance is supporting a new bill seeking to provide delinquent taxpayers a chance for a “clean slate” by granting amnesty for all their unpaid obligations.
Alibaba urged to partner with government
by Mary Grace Padin - February 17, 2018 - 12:00am
The Department of Finance has invited the Alibaba Group to partner with the Duterte administration and the private sector for the establishment of an inclusive financial system in the Philippines that would drive...
Government mulls partial sale of Mile Long
by Mary Grace Padin - February 16, 2018 - 12:00am
The government may opt to sell only a portion of the 2.9-hectare Mile Long property in Makati City to take advantage of the possible increase in the asset’s value once the commercial development of the area...
DBM raises budget for ROW acquisition
by Mary Grace Padin - February 15, 2018 - 12:00am
The Department of Budget and Management (DBM) has raised the government’s 2018 budget for the right-of-way acquisitions to P34.9 billion.
DBM Sec. Benjamin Diokno sees unemployment decline amid TRAIN
by Mary Grace Padin - February 15, 2018 - 12:00am
The country’s unemployment rate is expected to decline following the implementation of the newly enacted tax reform law this year, the Department of Budget and Management said yesterday.
Ex-SSS exec Jose Gabriel La Viña confirms rift among board members
by Mary Grace Padin - February 15, 2018 - 12:00am
A former Social Security System commissioner admitted there were indeed disagreements within the board of the Social Security Commission, which could have prompted President Duterte not to renew appointments.
Gov’t mulls development of Tokyo property
by Mary Grace Padin - February 14, 2018 - 12:00am
The Philippine government is considering to develop its 2,500-square meter Nampeidai property in Tokyo, Japan to generate new income and reduce settlement costs, the Department of Finance said.
Ex-SSS chief Amado Valdez: I wasn’t fired
by Mary Grace Padin - February 14, 2018 - 12:00am
Social Security Commission chairman Amado Valdez clarified yesterday that he was not fired by President Duterte but was simply not reappointed after finishing his term.
Metro Manila subway loan signing set next month
by Mary Grace Padin - February 13, 2018 - 12:01am
The Philippine and Japanese governments are set to sign this March the loan agreement for the P356.9-billion Metro Manila subway project, the Department of Finance said yesterday.
Digital technology paving way for financial inclusion
by Mary Grace Padin - February 12, 2018 - 12:00am
The use of digital technology would help the Philippines attain its financial inclusion goal, according to the Department of Finance.
PBOC approves Philippines panda bond offering
by Mary Grace Padin - February 12, 2018 - 12:00am
he People’s Bank of China (PBOC) has approved the Philippine government’s plan to issue renminbi-denominated bonds in the Chinese onshore market, according to the Department of Finance (DOF).
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