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Louise Maureen Simeon
Louise Maureen Simeon
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Pag-IBIG releases P57 billion in home loans
by Louise Maureen Simeon - August 3, 2023 - 12:00am
The Home Development Mutual Fund, commonly known as Pag-IBIG, released a record-high P57 billion housing loans from January to June.
GSIS releases initial P100 million for Manila Post Office insurance
by Louise Maureen Simeon - August 3, 2023 - 12:00am
The Government Service Insurance System has released an initial P100 million in insurance for the rehabilitation of the gutted central post office in Manila.
Landbank on track to surpass profit goal
by Louise Maureen Simeon - August 3, 2023 - 12:00am
State-run Land Bank of the Philippines earned nearly P21 billion in the first six months of 2023, well on track to surpass its P35-billion target for the entire year.
Government losing P370 billion from ghost receipts
by Louise Maureen Simeon - August 3, 2023 - 12:00am
The government is losing at least P370 billion in revenues from the proliferation of fake transactions through the use of ghost receipts by various businesses.
Metrobank profit rises by 34 percent to P21 billion in H1
by Louise Maureen Simeon - August 3, 2023 - 12:00am
Metropolitan Bank & Trust Co. improved its earnings by 34 percent to almost P21 billion in the first semester as its core businesses further grew following the continuous recovery of the economy.
Philippines has least monetary freedom in Asean – HSBC
by Louise Maureen Simeon - August 3, 2023 - 12:00am
The Philippines has the least monetary policy freedom in Southeast Asia, forcing the Bangko Sentral ng Pilipinas to slash interest rates only when the US Federal Reserve starts doing so.
Philippines debt seen ballooning to P15.84 trillion by next year
by Louise Maureen Simeon - August 3, 2023 - 12:00am
The national debt will continue to grow and balloon to a record P15.84 trillion by 2024, government estimates show.
AUB income jumps to P4.1 billion in H1
by Louise Maureen Simeon - August 2, 2023 - 12:00am
Rebisco-led Asia United Bank saw its net income soar by 42 percent to P4.1 billion in the first semester on the back of growing business volume as economic conditions improved.
Philippines debt hits P14.15 trillion in 1st half
by Louise Maureen Simeon - August 2, 2023 - 12:00am
The country’s outstanding debt inched up to reach another record high of P14.15 trillion as of end-June following additional domestic borrowings to fund state financing requirements, according to the Bureau...
T-bill rates drop on hopes of cooling inflation
by Louise Maureen Simeon - August 1, 2023 - 12:00am
The government managed to secure P15 billion as rates for the short-term securities dropped amid expectation of a further easing in the inflation rate last month.
Domestic claims of non-banks up to P8.2 trillion
by Louise Maureen Simeon - August 1, 2023 - 12:00am
Domestic claims of non-bank financial institutions rose by 12 percent to P8.2 trillion in the first quarter, according to the Bangko Sentral ng Pilipinas.
RCBC concludes share sale to Japanese bank
by Louise Maureen Simeon - August 1, 2023 - 12:00am
Yuchengco-led Rizal Commercial Banking Corp. has completed the sale of a 15-percent share to one of Japan’s largest banks as part of plans to support its long-term asset growth and digital investments.
BPI syndicated loan upsized to $300 million
by Louise Maureen Simeon - August 1, 2023 - 12:00am
Ayala-led Bank of the Philippine Islands has upsized its syndicated loan to $300 million meant to partially finance its maturing debt in September.
BDO income jumps to P35.2 billion in H1
by Louise Maureen Simeon - August 1, 2023 - 12:00am
Sy-led BDO Unibank Inc. saw its net income soar by 47 percent to P35.2 billion in the first semester as it sustained growth across its core businesses.
Inflation likely slowed below 5 percent in July
by Louise Maureen Simeon - August 1, 2023 - 12:00am
Inflation likely cooled further in July, finally dropping below the five-percent mark because of cheaper electricity costs and other food items, the Bangko Sentral ng Pilipinas said.
Tax perks granted to P288 billion projects
by Louise Maureen Simeon - July 31, 2023 - 12:00am
The Cabinet-level Fiscal Incentives Review Board has approved 25 projects worth P288 billion since the Marcos administration took office.
Agencies ordered to draw up spending catch-up plans
by Louise Maureen Simeon - July 31, 2023 - 12:00am
The Department of Finance has ordered state agencies to come up with their spending catch-up plans as the government expressed concern that their low budget utilization may impact growth this year.
‘Philippines needs to prepare for global headwinds’
by Louise Maureen Simeon - July 31, 2023 - 12:00am
The Philippines should stand ready to face external factors that could impact the economy and make use of the country’s tailwinds to counter downside risks to the growth momentum, a banking executive said...
Diokno sees no need to match US rate hike
by Louise Maureen Simeon - July 31, 2023 - 12:00am
The Bangko Sentral ng Pilipinas does not have to match the latest rate hike of the US Federal Reserve as inflation is expected to continue its downward trajectory.
High interest rates dampen demand for personal loans
by Louise Maureen Simeon - July 30, 2023 - 12:00am
The personal loan market is experiencing a decline in consumer interest, attributed to the prevailing high-interest rate environment but younger Filipinos are more eager to explore credit services.
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