+ Follow NATIONAL TREASURER SERGIO EDEZA Tag
NATIONAL TREASURER SERGIO EDEZA
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[ArticleID] => 239296
[Title] => Benchmark T-bill rate climbs to 6.435%
[Summary] => Treasury bill (T-bills) rates went up yesterday due to the continued weakening of the peso against the dollar and political uncertainty ahead of the May 10 elections.
[DatePublished] => 2004-02-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
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[ArticleID] => 237575
[Title] => Valdes quits as PhilExim prexy
[Summary] => Joel C. Valdes, president and chief executive officer of the Philippine Export-Import Credit Agency (PhilExim), has resigned from his post last month, citing personal reasons.
PhilExim is a line agency of the Department of Finance (DOF) mandated to promote trade and investments through sovereign and financial guarantees as well as direct credit, insurance and technical assistance.
Valdes reportedly recommended National Treasurer Sergio Edeza as his immediate replacement. The PhilExim post is a Presidential appointment.
[DatePublished] => 2004-02-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
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[ArticleID] => 237468
[Title] => Budget deficit for 2003 reaches P199.8-B
[Summary] => The national budget deficit for 2003 came below the P202 billion target, but was P1 billion more than the P198.6 billion originally projected in December and reached P199.8 billion as the Arroyo administration made a last-minute payment on its accounts payable for the year.
National Treasurer Sergio Edeza told reporters that the Department of Budget and Management (DBM) paid off some of its accounts payable towards the end of December, adding at least P1.2 billion to the final figure for 2003.
[DatePublished] => 2004-02-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
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[ArticleID] => 236957
[Title] => Gov’t needs to raise $2-B to finance funding gap for 2004
[Summary] => The government has to raise as much as $2 billion more to finance its funding gap for 2004 and the Bangko Sentral ng Pilipinas (BSP) said the external debt requirements should be financed through foreign borrowing to avoid putting more pressure on the peso.
The BSP warned it "might not accommodate" the foreign exchange requirements of the National Government and the National Power Corp. (Napocor) if the pressure would adversely affect its gross international reserves (GIR).
[DatePublished] => 2004-01-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
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[ArticleID] => 225770
[Title] => T-bill rates up across-the-board
[Summary] => Treasury bill (T-bill) rates went up across- the-board yesterday as the market brought the yields closer to secondary market rates in reaction to political concerns that investors perceived as threats on the country’s economic prospects.
Yesterday’s trade at the Bureau of Treasury (BTr) brought the interest rate on the benchmark 91-day treasury bills from 5.629 percent in the previous session to 5.966 percent, edging ever closer to the six percent mark.
[DatePublished] => 2003-10-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
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[ArticleID] => 225775
[Title] => MB okays $1-B borrowing binge ahead of polls
[Summary] => The Bureau of Treasury said yesterday the plan to raise an additional $1 billion worth of foreign borrowing before the end of the year has been approved in principle by the Bangko Sentral ng Pilipinas (BSP), paving the way for its final foray into the international credit market before the May elections.
National Treasurer Sergio Edeza told reporters yesterday that the borrowing plan has been approved by the Monetary Board (MB) which supported the plan that would boost the country’s international reserves.
[DatePublished] => 2003-10-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
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[ArticleID] => 225675
[Title] => Market seen trading sideways on concerns over FPJ presidential bid
[Summary] => The market will trade sideways this week with a downward bias as investors are expected to steer clear of active trading on concerns that a popular local movie actor may run for President next year.
High-level opposition officials are wooing action star Fernando Poe Jr., widely known as FPJ, to run under a united opposition banner. Some senators have hinted that FPJ would soon announce his intention to join the 2004 Presidential race.
[DatePublished] => 2003-10-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
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[ArticleID] => 225244
[Title] => Gov’t to borrow $1-B before polls
[Summary] => The Arroyo administration is looking to raise another $1 billion from the international credit market as part of an effort to front-load its 2004 external borrowings to avoid the crunch that is expected to build up towards the May elections next year.
[DatePublished] => 2003-10-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
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[ArticleID] => 225008
[Title] => Gov’t to allow interest rates to move up
[Summary] => Government appears inclined to allow interest rates to move up slightly at next week's Treasury bill (T-bill) auction, it was learned yesterday.
The bellwether 91-day T-bill rate may keep rising, but it is unlikely to exceed six percent in the remaining two months of the year, Bangko Sentral ng Pilipinas (BSP) Governor Rafael Buenaventura said.
The government has allowed T-bill rates, including the 91-day rate, to rise at recent auctions in order to align the bellwether rate, in particular, with the central bank’s key overnight borrowing rate of 6.750 percent.
[DatePublished] => 2003-10-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 224106
[Title] => T-bill rates move up for all tenors
[Summary] => Treasury bill (T-bill) rates rose across the board on full awards for 91-day and 364-day tenors, the Bureau of Treasury (BTr) reported yesterday.
National Treasurer Sergio Edeza said the rate increases were expected as the government wanted to align T-bill rates, particularly the bellwether 91-day rate, with the Bangko Sentral ng Pilipinas’ (BSP) key overnight borrowing rate of 6.750 percent.
The bellwether 91-day rate averaged 5.629 percent, compared with 5.506 percent previously, with bids ranging from 5.5 percent to 5.875 percent.
[DatePublished] => 2003-10-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
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abtest
October 22, 2003 - 12:00am
