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Non-bank gov't bodies ordered to formulate investment frameworks

MANILA - President Rodrigo R. Duterte has signed an administrative order (AO) that directs all non-bank government entities to formulate investment governance frameworks for foreign exchange (FX) derivatives transactions. AO 28, signed by Duterte on May 24, was released on Thursday. "There is a need to institute sufficient monitoring safeguards and risk management mechanisms in FX derivatives transactions to protect the National Government's fiscal and economic interests in non-bank government entities," the AO read. Under the AO, the regulation of FX derivatives transactions of non-bank government entities supports the objective to configure the country's public sector debt profile, such that government debt involves extended maturities, and ensures an optimum mix of currencies, to minimize the impacts of drastic currency movements. The Department of Finance (DOF) will oversee "all FX derivatives activities of all non-bank government entities, including governme ....

Government Service Insurance System , Bangko Sentral , Rodrigor Duterte , Head Of Agency , Home Development Mutual Fund , Department Of Finance , Philippine Health Insurance Corporation , Board Of Directors Or Trustees , National Government , Social Security System , Investment Governance Frameworks , Implementing Guidelines , Processing Tool , Manila President Rodrigor Duterte Has Signed An Administrative Order Ao That Directs All Non Bank Government Entities To Formulate Investment Governance Frameworks For Foreign Exchange Fx Derivatives Transactions 28 , Igned By Duterte On May 24 , As Released On Thursday Quot There Isa Need To Institute Sufficient Monitoring Safeguards And Risk Management Mechanisms In Fx Derivatives Transactions Protect The National Government 39s Fiscal Economic Interests Non Bank Entities , Uot The Ao Read Under , He Regulation Of Fx Derivatives Transactions Non Bank Government Entities Supports The Objective To Configure Country 39s Public Sector Debt Profile , Uch That Government Debt Involves Extended Maturities , Nd Ensures An Optimum Mix Of Currencies , O Minimize The Impacts Of Drastic Currency Movements Department Finance Dof Will Oversee Quot All Fx Derivatives Activities Non Bank Government Entities , Ncluding Government Owned Or Controlled Corporations Gocc Such As , Ut Not Limited To , He Government Service Insurance System , Social Security System , Home Development Mutual Fund ,

With Covid-19 Safety cert, GSIS assures client safety

THE GSIS Head Office in Pasay City has secured the Safety Seal Certification from the Department of the Interior and Local Government to assure the public that standard public health and safety protocols are being observed to protect clients from Covid-19. GSIS’s application was based on the Joint Memorandum Circular… ....

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Compulsory insurance for OFWs: What you need to know

OFW Insurance gives you peace of mind and protects your hard-earned money against expenses that can lead to a serious financial crisis. ....

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Compulsory insurance for OFWs: What you need to know

OFW Insurance gives you peace of mind and protects your hard-earned money against expenses that can lead to a serious financial crisis. ....

Balik Manggagawa , Insurance Commission , Insurance Corporation , Employment Administration , Department Of Labor , Filipino Workers , Republic Act , Migrant Workers , Overseas Filipinos Act , Memorandum Circular , Implementing Guidelines , Expanded Compulsory Insurance Coverage , General Insurance Corporation , Philippine Overseas , Manggagawa Mandatory Insurance ,

Fuel subsidy for agri sector to start March 17

ROLL-OUT. Agriculture Secretary William Dar says during a press briefer on Wednesday (March 16, 2022) the rollout of the fuel subsidy to farmers and fishers will kick off in Tacloban, Leyte on Thursday (March 17. 2022) during the visit of President Rodrigo Duterte. Dar said there is a possibility for a second tranche of the program with bigger financing. (Screengrab) MANILA - Farmers and fishers in Leyte will be the pioneer recipients of the Department of Agriculture's (DA) Fuel Subsidy Program. In an interview with the Philippine News Agency on Wednesday, the DA said the program will kick off during President Rodrigo Duterte's visit to Tacloban, Leyte on Thursday, March 17. Duterte raised the DA budget with a PHP24-billion top-up early this month. The portion of the additional fund will go to the PHP500-million Fuel Subsidy Program. The subsidy will be divided between the farmers and fishers. In his guesting at the "Laging Handa" briefing, DA Secretary William Dar sa ....

Rodrigo Duterte , William Dar , Department Of Agriculture Da Fuel Subsidy Program , Subsidy Program , Da Bureau Of Fisheries , Price Fund , Philippine News Agency On , Da National Corn Program , Fuel Subsidy , Philippine News Agency , President Rodrigo Duterte , Rice Farmer Financial Assistance , Rice Tariffication , Operations Arnel De Mesa , Registered System , Basic Sectors , Aquatic Resources , Implementing Guidelines , Fuel Discount , Corn Program , President Duterte , Roll Out Agriculture Secretary William Dar Says Duringa Press Briefer On Wednesday March 16 , 022 The Rollout Of Fuel Subsidy To Farmers And Fishers Will Kick Off In Tacloban , Eyte On Thursday March 17 2022 During The Visit Of President Rodrigo Duterte Dar Said There Isa Possibility Fora Second Tranche Program With Bigger Financing Screengrab Manila Farmers And Fishers In Leyte Will Be Pioneer Recipients Department Agriculture 39s Da Fuel Subsidy An Interview Philippine News Agency Wednesday , He Da Said The Program Will Kick Off During President Rodrigo Duterte 39s Visit To Tacloban , Eyte On Thursday ,