+ Follow FINANCE SECRETARY JOSE T Tag
FINANCE SECRETARY JOSE T
Array
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[results] => Array
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[0] => Array
(
[ArticleID] => 245036
[Title] => Paying my dues
[Summary] => My family and I lived in London for twenty years. As exiles it was the only home my children ever knew. We came in 1971, just before martial law when my husband’s head, as vice president and general manager of Meralco Securities (now First Philippine Holdings) was thrown in the bargain for peace between the Marcoses and the Lopezes. He had just completed one of the last financing deals from a consortium of banks led by Grindlays Bank in London just before the Marcos-Lopez partnership began to crack.
[DatePublished] => 2004-04-03 00:00:00
[ColumnID] => 134199
[Focus] => 0
[AuthorID] => 1804784
[AuthorName] => Carmen N. Pedrosa
[SectionName] => Opinion
[SectionUrl] => opinion
[URL] =>
)
[1] => Array
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[ArticleID] => 96905
[Title] => Cabinet clusters to replace ECC
[Summary] => Trade and Industry Secretary Manuel Roxas II said yesterday the government is planning to create goal-oriented Cabinet clusters following the abolition of the Economic Coordinating Council (ECC) formed by deposed President Estrada.
"The functions of the economic superbody will most likely be returned to the Cabinet economic clusters," Roxas said.
Roxas also said that with his reappointment to the Department of Trade and Industry (DTI), all efforts will be made to attract more foreign investments.
[DatePublished] => 2001-02-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
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[ArticleID] => 96840
[Title] => Budget gap seen to hit P190 B this year
[Summary] => The government’s budget deficit may go as high as P190 billion this year if the Arroyo administration factors in some P70 billion in accounts payable left by the Estrada administration.
Newly-appointed Finance Secretary Alberto Romulo admitted it will be difficult to address the swollen budget deficit.
Early this month, former Finance Secretary Jose T. Pardo said the budget deficit for last year was P130 billion, more than twice the original projection of P62.5 billion.
[DatePublished] => 2001-01-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
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[ArticleID] => 96790
[Title] => Banco Santander eyes Equitable PCI Bank stake
[Summary] => Banco Santander Central Hispano of Spain and three other groups are eyeing a stake in controversial Equitable PCI Bank.
Banking sources said Banco Santander has submitted a formal proposal to acquire a stake in Equitable PCI Bank, while the other interested parties are US-based venture capital firm Newbridge Capital which has a subsidiary in Singapore, the Ayala-controlled Bank of the Philippine Islands and its partner Development Bank of Singapore and Metropolitan Bank and Trust Co.
[DatePublished] => 2001-01-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
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[ArticleID] => 96783
[Title] => Equitable PCI Bank in talks with foreign bank
[Summary] => Equitable PCI Bank has reportedly started talks with a foreign bank for the sale of the bank.
A Bangko Sentral ng Pilipinas official said that Equitable PCI Bank has enlisted a broker to act as a go-between for the bank and the interested buyers.
The official said the sale will necessarily mean a sellout by any of the groups now controlling Equitable PCI Bank. He added that while there has been no official communication to the BSP about the plan to sell Equitable PCI Bank, the plan he said is feasible.
[DatePublished] => 2001-01-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
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[ArticleID] => 96767
[Title] => RCBC interested in Equitable PCI
[Summary] => Rizal Commercial Banking Corp. said yesterday it is interested in getting a piece of Equitable PCI Bank.
"Yes, we are interested," RCBC vice chairman Cesar Virata said, confirming talks RCBC is one of three large local banks eyeing Equitable PCI Bank.
Virata pointed out, however, that RCBC has not made any formal proposal to buy a stake in the bank, nor has it gotten feelers from Equitable PCI Bank.
"We have not gotten offers to buy, but if given the numbers, we will be taking a look at it," Virata said.
[DatePublished] => 2001-01-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
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[ArticleID] => 96742
[Title] => BSP mulls further cut in key rates
[Summary] => The Bangko Sentral ng Pilipinas (BSP) is expected to further bring down its key policy rates within the next four weeks.
BSP Governor Rafael Buenaventura said another cut in overnight borrowing and lending rates is still possible on expectations of another cut in the US Federal Reserve Board’s own key rates.
"In the near-term, we want to bring down rates to 11 to 12 percent, and this could be possible although it might not be this week," Buenaventura said.
[DatePublished] => 2001-01-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
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[ArticleID] => 96745
[Title] => Coconut farmers present new demands in SMC shares dispute
[Summary] => The submission of a compromise agreement on the disputed stake in food and beverage giant San Miguel Corp. (SMC) to the Office of the Solicitor General (OSG) was stalled anew.
Finance Secretary Jose T. Pardo said the government is still trying to get the various coconut farmers organizations to conform to EO 313 which paves the way for the creation of a trust fund for coconut farmers.
"There are big bumps that need to be hurdled, especially after the farmers have come up with a new set of demands not previously discussed," Pardo said. He did not elaborate.
[DatePublished] => 2001-01-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
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[ArticleID] => 96732
[Title] => PCCI drifting back to Estrada government
[Summary] => The Philippine Chamber of Commerce and Industry (PCCI) is back to its role as the business sector’s mouthpiece in the advocacy for reforms to solve the country’s economic problems, PCCI president Miguel B. Varela said yesterday.
Varela said "life goes on" for businessmen who can not afford to sit back and wait for the impeachment trial of President Estrada to be concluded.
Among the urgent economic problems facing businessmen is the high cost of doing business in the Philippines such as high credit costs and power costs.
[DatePublished] => 2001-01-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
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[ArticleID] => 96715
[Title] => Government to honor CBK contract with IMPSA
[Summary] => The government will keep its commitment and honor the terms of the controversial Caliraya-Botocan-Kalayaan (CBK) hydropower project of the National Power Corp. (Napocor), particularly the performance undertaking guarantee being sought by proponent IMPSA Asia Ltd.
Finance Secretary Jose T. Pardo who met recently with IMPSA officials said "government stood its ground and we told them (IMPSA) that the approval extended by then former Finance Secretary Edgardo Espiritu will be honored."
[DatePublished] => 2001-01-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
January 18, 2001 - 12:00am
January 17, 2001 - 12:00am
