+ Follow GOVERNOR RAFAEL B Tag
GOVERNOR RAFAEL B
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 281593
[Title] => PNB puts 67% equity stake in auction block
[Summary] => The 67-percent stake of both the National Government and the Lucio Tan Group in the Philippine National Bank (PNB) has been placed in auction block with July 1 this year as the deadline for interested buyers to submit their auction bids.
[DatePublished] => 2005-06-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[1] => Array
(
[ArticleID] => 273611
[Title] => BSP evaluates concentration of banks in urban centers
[Summary] => The Bangko Sentral ng Pilipinas (BSP) is evaluating the concentration of banks in urban centers, indicating that there could be some refinements in its bank-branching policy.
Bank regulators, however, are careful not to say that the BSP would soon lift the moratorium on bank-branching, particularly in congested areas.
The BSP is currently imposing a moratorium on bank-branching in heavily-congested cities such as Metro Manila, Metro Davao and Metro Cebu.
[DatePublished] => 2005-04-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 273093
[Title] => Forex reserves up slightly to $16.53B in March
[Summary] => Despite payments made by the government to service its foreign debts, the country’s gross international reserves (GIR) inched up to $16.531 billion as of end-March from $16.530 billion a month earlier, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
The BSP attributed the slight uptick to inflows from foreign exchange operations as well as income from investments abroad.
[DatePublished] => 2005-04-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 272228
[Title] => Peso weakens, moves closer to 55-to-dollar
[Summary] => The peso is edging closer to the 55- to-a-dollar level as heavy demand for the greenback pressed the peso down to close at 54.94 to $1 on heavy trading.
The peso opened at 54.70 yesterday at the Philippine Dealing System (PDS) and proceeded to drop to its lowest point where it ended the day, 17 centavos lower than Wednesday’s close of 54.77 to $1.
The market saw heavy dollar-buying from the equities and manufacturing sector, pushing the exchange rate down and closer to the 55-to-a-dollar level after rising above the 53 to $1 level earlier in March.
[DatePublished] => 2005-04-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 272105
[Title] => RP reduces CA surplus figures
[Summary] => The Bangko Sentral ng Pilipinas (BSP) restated yesterday the country’s current account surplus in 2004 at $2.08 billion, less than half its original figure of $5.36 billion.
A BSP bank statement said the figure had been revised to "make the compilation practices consistent with internationally-accepted recommended concepts and bring about a better analysis of external developments."
[DatePublished] => 2005-03-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 271875
[Title] => BSP expects banks to clean up their holdings of government securities
[Summary] => About P200 billion worth of undocumented trading of government securities and debt papers are expected to surface as banks start to clean up their portfolio following the clamp-down of the Bangko Sentral ng Pilipinas (BSP).
The BSP said yesterday that it expects banks to start cleaning up their holdings of government securities and other debt papers to ensure their compliance with new regulations as well as the demands of the market.
[DatePublished] => 2005-03-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 271265
[Title] => RP’s foreign debt drops to $54.8B
[Summary] => The country’s external debt dropped by 4.44 percent to $54.8 billion as of end-December last year from $57.4 billion in the same period a year earlier as both private and public sector borrowers paid off some of their maturing obligations, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
On a quarterly basis, external debt fell by 1.4 percent from $55.6 billion in September last year.
[DatePublished] => 2005-03-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 270897
[Title] => Peso may weaken if Congress fails to pass VAT bill
[Summary] => After slowly picking up strength over the past few weeks, monetary officials said the peso could still fall again against the dollar depending on whether Congress will be able to pass a new law on value added (VAT) tax.
The Bangko Sentral ng Pilipinas (BSP) said investors are closely watching the on-going deliberations in both houses of Congress since it would spell the difference in the government’s deficit and debt reduction program.
"If the VAT adjustment does not happen, the peso will fall again," said BSP Governor Rafael B. Buenaventura.
[DatePublished] => 2005-03-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 270750
[Title] => Government’s stake in PNB seen to generate P9B to P16B
[Summary] => The government’s remaining shares in the Philippine National Bank (PNB) is estimated to generate between P9 billion and P15 billion for the national coffers.
The PNB made this estimate as the government announced that it has initiated the joint sale of 67 percent of PNB held by the government and the Lucio Tan Group of Companies.
The Arroyo administration has decided to sell its interests in PNB before September, drumming up interests for its holdings in the bank which represents a 45 percent voting right held by the Philippine Deposit Insurance Co. (PDIC).
[DatePublished] => 2005-03-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 270647
[Title] => Peso rebounds back to the 53-to-the-dollar mark
[Summary] => The peso broke anew into the 53 to a dollar level yesterday, closing at 53.940 as foreign fund inflows propped up the local currency ahead of the long Holy Week holiday.
The peso retreated back to the 54 to $1 level on Tuesday but continued its rally yesterday, opening strongly at 54.05 to the dollar before climbing above the mark to hit an intra-day high of 53.91 to $1. Yesterday’s close was 19 centavos stronger than Tuesday’s close of 54.130 to the dollar. Volume was strong, reaching $326.5 million at the end of the trading session.
[DatePublished] => 2005-03-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
