Home Tags Beatrice M. Laforga
Tag: Beatrice M. Laforga
CHINA BANKING CORP. (China Bank) is looking to raise up to P100 billion through peso-denominated bonds over the next three years to support its business expansion.
THE National Economic and Development Authority (NEDA) said the damage caused by the Taal Volcano eruption and the typhoons of late 2020 has been estimated at P113.4 billion.
THE Bureau of Internal Revenue (BIR) is set to meet again with its Russian counterparts this month to seal a partnership that will help the Philippines digitize its tax administration.
PHILIPPINE BANKS appear better positioned to weather the surge in soured loans than Southeast Asian peers, but sluggish economic growth could dampen the sector’s recovery this year, S&P Global Ratings said.
THE Bangko Sentral ng Pilipinas (BSP) has started asking banks and other concerned parties for their feedback on the draft guidelines of the law that would allow financial institutions to offload soured assets through asset management companies.
THE HOME Development Mutual Fund (Pag-IBIG Fund) saw its net income drop by 10.9% last year amid the coronavirus pandemic, with its housing loans reaching an all-time high towards the end of 2020, the Department of Finance (DoF) said on Wednesday.
THE government is pushing for the passage of 25 priority measures before the end of the year, including new taxes on digital platforms and offshore gaming operators, further liberalization of the retail trade sector and the last two remaining tax reform packages.
THE Court of Appeals (CA) has upheld the dismissal of a customs employee over her failure to disclose a Bulacan property in her annual Statements of Assets, Liabilities, and Net Worth (SALNs), the Department of Finance (DoF) said Tuesday.
GOVERNMENTS should consider increasing the taxes on properties and wealth to raise more revenues to fund post-pandemic relief programs and at the same time, narrowing the gap between the poor and the rich, according to Asian Development Bank (ADB) experts.
STATE-RUN Land Bank of the Philippines (LANDBANK) plans to expand its lending program for small businesses and cooperatives further to extend credit to more borrowers at a lower interest rate.
THE Bureau of Internal Revenue (BIR) said it is running well ahead of its year-earlier pace on collections from the tobacco industry due to increased production volumes following an expansion by Japan Tobacco International (JTI) Philippines, Inc.
THE Department of Finance (DoF) on Thursday said imports of coronavirus disease 2019 (COVID-19) vaccines will be exempted from taxes and duties, as the government is set to take delivery of the first batch of vaccines on Sunday.
THE PHILIPPINES is facing an oversupply in information technology (IT) graduates in 2025, but needs more students to go into the science, technology, engineering, and mathematics (STEM) fields, a government think tank said.
THE government’s plan to tax the digital economy is bumping up against constraints like the absence of a standard regulatory framework for online platforms or the lack of adequate information technology infrastructure, according to the Philippine Institute for Development Studies (PIDS), a government think tank.
MOST developing economies in East Asia, including the Philippines, have underperformed in terms of adopting new technologies and discovering new ones due to limited information, weak capacity of companies, poor employee skills and lack of government support, the World Bank said.
BDO UNIBANK, INC. (BDO) saw its net earnings plunge by 36.2% to P28.2 billion last year from P44.2 billion in 2019 due to increased loss provisioning on expectations that soured loans would spike amid the coronavirus pandemic.
THE Power Sector Assets and Liabilities Management Corp. (PSALM) has rejected a “preposterous” settlement put forward by South Premiere Power Corp. (SPPC), a unit of San Miguel Corp. (SMC), the latest twist in a long-running dispute over generation fees owed by the 1,200-megawatt Ilijan power plant in Batangas City.
THE Bureau of Customs (BoC) seized late Tuesday three containers of cigarettes from Vietnam valued at P260 million, which had been smuggled into the country via Bataan, the Department of Finance said.
SECURITY BANK CORP. and Thailand-based Bank of Ayudhya Public Co. Ltd. (Krungsri) are set to infuse P3 billion in fresh capital into their consumer finance subsidiary SB Finance, Inc. for its expansion.
THE PERCENTAGE of Filipinos who started thinking about their retirement plans was the highest in Asia as the coronavirus pandemic pulled down household incomes, a survey by Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines) showed.
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday even as rates increased across the board after months of decline due to faster inflation and rising US bond yields.
THE INSURANCE Commission (IC) has ordered health maintenance organizations (HMO) and pre-need companies to be more transparent with their products and terms when they offer these online.
SENATOR Cynthia A. Villar said she opposes a proposal to reduce the tariff on pork imports, saying that tariffs should fund programs to upgrade the industry’s competitiveness.
LOCAL GOVERNMENT UNITS (LGUs) should consider imposing an amusement tax on video streaming platforms, after the closure of cinemas, concert venues and theaters resulted in nearly P470 million in foregone revenues last year, a state think tank said.
THE NATIONAL Economic and Development Authority (NEDA) said there is no need for Congress to pass a third stimulus package, when other measures meant to drive economic recovery have yet to be fully implemented.
RATES OF Treasury bills (T-bills) on offer this week will likely move sideways as the government’s offer of three-year retail Treasury bonds (RTBs) continues.
FARMERS have exaggerated the revenue losses resulting from rice tariffication, a government think tank said, adding that any such losses can be made up for by properly-targeted use of the industry modernization fund.
THE INSURANCE Commission (IC) plans to launch this quarter the Philippine Catastrophe Insurance Facility (PCIF) that will help guard the country against natural disasters.
THE Philippine Deposit Insurance Corp. (PDIC) paid P124.11 million in deposit insurance last year for 7,072 accounts affected by the closure of five banks, it said in a statement on Thursday.
LOCAL fund manager ATR Asset Management, Inc. (ATRAM) launched on Thursday a sustainability fund anchored on the 17 key United Nations Sustainable Development Goals (SDGs), a first in the country, as it focuses its investments on companies deemed sustainable.