+ Follow DEPUTY GOVERNOR AMANDO M Tag
DEPUTY GOVERNOR AMANDO M
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 283695
[Title] => BSP okays $38.6-M loans for micro-enterprises
[Summary] => The Bangko Sentral ng Pilipinas (BSP) has approved a $18.6-million worth of concessional loan for micro-enterprises in the rural areas and a $20-million commodity loan for budget support in 2005.
The Monetary Board of the BSP approved the commodity loan from the US under the Farm Bill or Public Law 480, an annual commodity loan facility used by the government to support its budget requirements.
Under the commodity loan, the US lends the Philippines the equivalent of $20 million worth of farm commodities, usually cereals like wheat, corn or rice.
[DatePublished] => 2005-06-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 282832
[Title] => 91-day T-bills inch up to 5.883%
[Summary] => Treasury officials rejected the bids for the one-year Treasury bills for two auctions in a row yesterday, allowing slight increases only in the benchmark 91-day and 182-day Treasury bills (T-bills).
The average interest rate on the 91-day T-bills went up by 9.9 basis points to 5.883 percent but the market was noticeably thin as banks opted to take a cautious position in the wake of ongoing political controversies.
[DatePublished] => 2005-06-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 282634
[Title] => Worries over political issues overblown — financial analysts
[Summary] => While markets are bound to weaken further in the next few weeks, financial analysts said worries over political instability may be overblown and that investors are likely to regain the momentum set early in the year.
Over the last few months, the currency, the stock and the bond markets have been picking up strength on the back of fiscal reforms in the Arroyo administration and analysts said this has created a real opportunity for sustainable fiscal turn-around.
[DatePublished] => 2005-06-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 282694
[Title] => Banks to continue sale of bad assets even without perks
[Summary] => Even without the incentives under the Special Purpose Vehicle Act (SPVA), banks would be compelled to dispose of unproductive assets that continue to weigh down the industry, the Bangko Sentral ng Pilipinas (BSP) said.
The SPVA incentives expired in April this year, but BSP Deputy Governor Amando M. Tetangco said the central bank intends to further push banks to clean up their portfolio.
[DatePublished] => 2005-06-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 281887
[Title] => 5-mo BOP surplus climbs to 3-year high of $1.638B
[Summary] => The country’s balance of payments (BOP) surged anew to a surplus of $751 million in May, pushing the five-month balance to a three-year high of $1.638 billion, the Bangko Sentral ng Pilipinas (BSP) said yesterday.
BSP Deputy Governor Amando M. Tetangco said the May BOP was buoyed by the government’s $750-million borrowing, which led to a 3.7-percent rise in the gross international reserves (GIR).
The BOP represents the country’s international reserves position after interest payments and trade with the rest of the world.
[DatePublished] => 2005-06-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 282019
[Title] => 5-mo BOP surplus climbs to 3-year high of $1.638B
[Summary] => The country’s balance of payments (BOP) surged anew to a surplus of $751 million in May, pushing the five-month balance to a three-year high of $1.638 billion, the Bangko Sentral ng Pilipinas (BSP) said yesterday.
BSP Deputy Governor Amando M. Tetangco said the May BOP was buoyed by the government’s $750-million borrowing, which led to a 3.7-percent rise in the gross international reserves (GIR).
The BOP represents the country’s international reserves position after interest payments and trade with the rest of the world.
[DatePublished] => 2005-06-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 282151
[Title] => 5-mo BOP surplus climbs to 3-year high of $1.638B
[Summary] => The country’s balance of payments (BOP) surged anew to a surplus of $751 million in May, pushing the five-month balance to a three-year high of $1.638 billion, the Bangko Sentral ng Pilipinas (BSP) said yesterday.
BSP Deputy Governor Amando M. Tetangco said the May BOP was buoyed by the government’s $750-million borrowing, which led to a 3.7-percent rise in the gross international reserves (GIR).
The BOP represents the country’s international reserves position after interest payments and trade with the rest of the world.
[DatePublished] => 2005-06-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 281146
[Title] => BSP, DOF approve ADB’s P3-B zero coupon bonds for home financing
[Summary] => The Bangko Sentral ng Pilipinas (BSP) and the Department of Finance (DOF) have approved the proposed P3-billion zero-coupon peso-denominated bonds by the Asian Development Bank (ADB) to generate funds for domestic home mortgage financing.
The issue is the first of its kind by the ADB and was originally projected to reach only P2 billion but the approved volume has been increased to P3 billion.
[DatePublished] => 2005-06-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 280749
[Title] => Inflation steady at 8.5% in May
[Summary] => The nationwide inflation rate was steady at 8.5 percent in May, the same pace as in the previous three months, the National Statistics Office (NSO) reported yesterday.
The May figure, which was within government expectations, brought the average inflation rate for the first five months to 8.4 percent. The government is hoping to keep inflation between five percent to six percent this year.
[DatePublished] => 2005-06-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 280766
[Title] => May forex reserves of $17.34B highest in 3 years
[Summary] => The country’s gross international reserves (GIR) breached the $17-billion mark in May, reaching $17.337 billion due to the government’s $750-million global bond issue.
The Bangko Sentral ng Pilipinas (BSP) reported yesterday that the latest GIR level was the highest since April 2002 and was 3.7 percent higher compared to April’s $16.719 billion.
The BSP expects the country’s foreign reserves to hit between $16 billion and $17 billion this year.
[DatePublished] => 2005-06-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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