GOCCs subsidies reach P230 billion in 2020

Subsidies extended by the national government to state-owned corporations reached a new record high of P230.418 billion in 2020 as funding support for various pandemic-response programs were ramped up, data from the Bureau of the Treasury showed......»»

Category: financeSource: philstar philstarMar 8th, 2021

Subsidies to GOCCs reach P11.5 billion in Q1

Subsidies extended by the national government to state-owned corporations reached P11.5 billion in the first quarter, lower than the funding support provided in the same period last year, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2021

PhilHealth support boosts subsidies to GOCCs in May

Funding support for state-owned firms jumped by around 50 percent in May, as the government quadrupled its subsidies to the Philippine Health Insurance Corp. to P36.5 billion......»»

Category: financeSource:  philstarRelated NewsJun 27th, 2021

Guaranteed MSME loans reach P1.47 billion

Loans of pandemic-hit smaller businesses that have been guaranteed by the government have grown sixfold in March since the guarantee program was launched in December 2020, the Department of Finance said yesterday......»»

Category: financeSource:  philstarRelated NewsMay 5th, 2021

Landbank agriculture loans reach P230 billion in Q1

Government-owned Landbank of the Philippines lent P229.7 billion to the agriculture sector as of the end of the first quarter......»»

Category: newsSource:  philstarRelated NewsApr 26th, 2021

GOCC subsidies reach P7.6 billion from January to February

Subsidies extended by the national government to state-owned corporations amounted to P7.581 billion from January to February, lower than funding support provided in the same period last year, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2021

Landbank loans to agriculture reach P238 billion in 2020

State-run Land Bank of the Philippines’ outstanding loans to the agriculture sector reached P237.62 billion in 2020 as it intensified its lending activities and reached out to more farmers and fishers......»»

Category: financeSource:  philstarRelated NewsJan 27th, 2021

LGU revenue collections reach P205 billion

Revenues generated by local government units already exceeded the downscaled full-year target for 2020 as early as September, according to the Bureau of Local Government Finance......»»

Category: newsSource:  philstarRelated NewsJan 18th, 2021

Debt payments reach P889 billion

The national government spent P888.96 billion in the first 11 months of 2020 to settle its debt from domestic and foreign lenders, according to the Bureau of the Treasury......»»

Category: newsSource:  philstarRelated NewsJan 10th, 2021

Landbank’s agri loans reach P232 billion as of November 2020

Government-owned Land Bank of the Philippines has lent some P232 billion to the agriculture sector as of end-November 2020......»»

Category: financeSource:  philstarRelated NewsJan 4th, 2021

GOCC subsidies hit P229 billion from January to November 2020

Subsidies received by state-run corporations rose to P228.7 billion in the first 11 months of 2020, boosted by the government’s funding support for various coronavirus pandemic response programs, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsJan 4th, 2021

Dollar reserves reach $104.5 billion

The country’s dollar reserves or gross international reserves (GIR) already reached $104.51 billion as of end-November 2020, preliminary data from the Bangko Sentral ng Pilipinas (BSP) show. “The latest GIR level represents an adequate external liquidity buffer, which can help cushion the domestic economy against external shocks,” the BSP said. “This buffer is equivalent to […] The post Dollar reserves reach $104.5 billion appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsDec 15th, 2020

MPIC expects core earnings to top P10b

Infrastructure conglomerate Metro Pacific Investments Corp. said Wednesday it expects 2020 core net income to reach over P10 billion, lower by 35.9 percent than the P15.6-billion core net income it reported in the same period last year......»»

Category: financeSource:  thestandardRelated NewsNov 4th, 2020

Customs posts P50.9-B collection, surpassing target by P2.5-B in October

The Bureau of Customs announced Tuesday, Nov. 3, that it hit its monthly collection target for the month October by posting P50.9 billion total revenue. (MANILA BULLETIN FILE PHOTO) The total collected revenue is 5.2 percent or P2.5 billion higher than its P48.4-billion target for the month. In a statement, the bureau highlighted that it was the fifth consecutive month since June 2020 that they were able to reach their collection goal. According to the preliminary report from the Customs-Financial Service, seven out of the 17 collection districts exceeded their target for the month. These are the ports of Batangas, Manila, Zamboanga, Subic, Clark, Limay, and Cebu. Customs Commissioner Rey Leonardo Guerrero attributed the positive revenue collection performance to the improved valuation and intensified collection efforts of all the ports, as well as to the gradual improvement of importation volume. He added that the government’s effort in ensuring unhampered movement of goods domestically and internationally considering the pandemic situation is also vital in achieving the collection target.   Since January this year, the bureau has collected P448.950 billion, reflecting the 88.7 percent of the 2020 target collection pegged at P506.150 billion. Guerrero also commended the collective effort of the Customs personnel who, “despite the risk to their health and safety, showed their unwavering commitment and dedication to service.”.....»»

Category: newsSource: NewsNov 3rd, 2020

GOCCs subsidies hit P200 billion in 9 months

The national government has extended nearly P200 billion in subsidies to state-run firms from January to September to support their operations and coronavirus response efforts, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsNov 1st, 2020

Landbank’s agriculture loan portfolio expands to P230 billion in 9 months

The Land Bank of the Philippines’ total loan portfolio to the agriculture sector expanded to P230.34 billion as of end-September, as its intensified lending activities enabled it to reach more than two million farmers this year......»»

Category: financeSource:  philstarRelated NewsOct 28th, 2020

LGUs income up 12% in 2020

Local government units improved their operating income by about 12 percent to P825.2 billion in 2020, but revenues are expected to dwindle this year as tax bases are brought down by the pandemic......»»

Category: financeSource:  philstarRelated NewsJul 20th, 2021

Telehealth industry flourishing in Philippines...

Digital health platforms in the Philippines are expected to report a further surge in activity as the global telehealth market is expected to reach $19.5 billion by 2025......»»

Category: financeSource:  philstarRelated NewsJul 10th, 2021

AMLC: Suspicious deals reach P556 billion in 3 years

Covered persons filed suspicious transactions worth P556.24 billion over a three–year period, according to the Anti-Money Laundering Council......»»

Category: financeSource:  philstarRelated NewsJul 8th, 2021

Fresh capital raised from PSE listings jumps to P122 billion

Capital raised from the sale of primary and secondary shares at the Philippine Stock Exchange reached P122.46 billion in the first half of the year, surpassing the P103.76 billion raised for the whole of 2020......»»

Category: financeSource:  philstarRelated NewsJul 3rd, 2021

Pepsi revenues flat in 2020

Pepsi-Cola Products Philippines Inc. posted P34.6 billion in revenues last year, around the same level as 2019’s P35.2 billion......»»

Category: newsSource:  philstarRelated NewsJul 1st, 2021