MAYVELIN U. CARABALLO, TMT

By
0

The government expects to hit its full-year spending target despite disbursement issues in some agencies, a Cabinet official said. “We are optimistic that we will approach our full-year target of P2.909 trillion and will continue to exert our best efforts to reach our goals,” Budget Secretary Benjamin Diokno told reporters…

By
0

The country’s central bank chief still wants to reduce banks’ required reserves, a move monetary authorities will have to manage to ensure that the additional liquidity benefits the economy. “The reserve requirement is something that I would like to personally see [go] to single-digit level,” Bangko Sentral ng Pilipinas (BSP)…

By
0

Debt securities that will exclusively fund the rebuilding of Marawi City will be issued early next year, a Cabinet official said. “As far as the Marawi bonds is concerned, it is a go already. The plan is to start next year, early January,” Budget Secretary Benjamin Diokno told reporters on…

By
0

The Philippines is seeking a grant from the United States for the establishment of the country’s first tax academy. Finance Secretary Carlos Dominguez 3rd pitched the project during a recent meeting in Washington D. C. with David Malpass, the US Treasury undersecretary for international affairs, the Finance department said on…

ANZ RESEARCH:

By
0

Monetary authorities need to raise policy rates to keep the peso from falling past P52 to the dollar next year, Australia’s ANZ Research said. A deterioration in the current account balance, ANZ said in its “Asia Economic Outlook” report released on Tuesday, is the key reason why the currency has…

By
0

Security Bank Corp. is seeking to raise P5 billion in fresh funds, with an option to upsize based on demand, from the first tranche of a planned P20-billion offering of long-term negotiable certificates of time deposit (LTNCDs). The five-year LTNCDs will carry a 3.875 percent annual yield, the bank said…

By
0

The Department of Finance (DoF) said its anti-corruption unit Revenue Integrity Protection Service (RIPS) has been able to obtain orders imposing administrative sanctions on 20 erring employees and officials under its attached agencies. In a statement on Tuesday, the Finance department said these decisions were promulgated by the Office of…

By
0

9.4% year-on-year growth fastest since March Overseas Filipino workers (OFWs) sent home $2.8 billion in August, the Bangko Sentral ng Pilipinas reported on Monday, with year-on-year growth of 9.4 percent the fastest pace seen in five months. The personal remittances — also higher compared to July’s $2.55 billion — pushed…

By
0

The Association of Southeast Asian Nations (Asean) is moving closer to creating a common market, a Cabinet official told the International Monetary Fund (IMF). Accomplishments made by the Philippines and other Asean members were reported by Finance Secretary Carlos Dominguez 3rd during a meeting with IMF managing directors over the…

By
0

The multi-stakeholder Mining Industry Coordinating Council (MICC) will decide next week on the possible lifting of a ban on open-pit mining, a senior Finance department official said. Finance Undersecretary and MICC member Bayani Agabin said a technical panel had already finished a study, which will be released following a council…

1 2 3 313