Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 101052
                    [Title] => RP banks remain weak - ADB study
                    [Summary] => 

The country's banking system remains weak despite various reforms implemented
previously by monetary authorities, according to an Asian Development Bank
(ADB) report.

"Despite earlier reform efforts, weaknesses remain in the Philippine banking
system," the ADB's Asia Recovery Report (ARR) said.

At the same time, the ADB is pushing for the repeal of the Bank Secrecy Law.
"The reluctance to repeal the Banking Secrecy Law remains a serious impediment
to strengthening bank supervision," it said.

The report also pointed out that the prudential regulations and supervision are

                    [DatePublished] => 2000-03-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 101031
                    [Title] => ADB projects higher growth for RP this yr
                    [Summary] => 

The Asian Development Bank (ADB) reported yesterday the Philippines is likely
to post higher growth this year  as the country shows signs of continuing
recovery from the regional financial crisis.

"Supported by revitalized domestic demand, the Philippine economy is likely to
grow at  a higher rate," the ADB said in its Asia Recovery Report (ARR).

The ARR is a semi-annual review of Asia's recovery from the regional financial
crisis.

The Manila-based bank expects a 3.8-percent gross domestic product (GDP) growth
for the country this year, up from last year's  3.2 percent.
                    [DatePublished] => 2000-03-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 101038
                    [Title] => Asia's recovery from financial crisis encouraging
                    [Summary] => 

Asia's recovery from the regional financial crisis in 1997 has been encouraging
and faster than expected but incomes and living standards still have a long way
to go to reach pre-crisis levels, according to the first Asia Recovery Report
(ARR) fo the Asian Development Bank (ADB).

The same report said that the countries most affected by the financial crisis
that hit the region in July 1997 have been recovering at differing paces since
late 1998 or early 1999.

According to the repo
                    [DatePublished] => 2000-03-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1193148
                    [AuthorName] => by DonnabelleGatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

ASIA RECOVERY REPORT

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 101052
                    [Title] => RP banks remain weak - ADB study
                    [Summary] => 

The country's banking system remains weak despite various reforms implemented
previously by monetary authorities, according to an Asian Development Bank
(ADB) report.

"Despite earlier reform efforts, weaknesses remain in the Philippine banking
system," the ADB's Asia Recovery Report (ARR) said.

At the same time, the ADB is pushing for the repeal of the Bank Secrecy Law.
"The reluctance to repeal the Banking Secrecy Law remains a serious impediment
to strengthening bank supervision," it said.

The report also pointed out that the prudential regulations and supervision are

                    [DatePublished] => 2000-03-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 101031
                    [Title] => ADB projects higher growth for RP this yr
                    [Summary] => 

The Asian Development Bank (ADB) reported yesterday the Philippines is likely
to post higher growth this year  as the country shows signs of continuing
recovery from the regional financial crisis.

"Supported by revitalized domestic demand, the Philippine economy is likely to
grow at  a higher rate," the ADB said in its Asia Recovery Report (ARR).

The ARR is a semi-annual review of Asia's recovery from the regional financial
crisis.

The Manila-based bank expects a 3.8-percent gross domestic product (GDP) growth
for the country this year, up from last year's  3.2 percent.
                    [DatePublished] => 2000-03-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 101038
                    [Title] => Asia's recovery from financial crisis encouraging
                    [Summary] => 

Asia's recovery from the regional financial crisis in 1997 has been encouraging
and faster than expected but incomes and living standards still have a long way
to go to reach pre-crisis levels, according to the first Asia Recovery Report
(ARR) fo the Asian Development Bank (ADB).

The same report said that the countries most affected by the financial crisis
that hit the region in July 1997 have been recovering at differing paces since
late 1998 or early 1999.

According to the repo
                    [DatePublished] => 2000-03-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1193148
                    [AuthorName] => by DonnabelleGatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

RP banks remain weak - ADB study

By Donnabelle L. Gatdula | March 13, 2000 - 12:00am

The country's banking system remains weak despite various reforms implemented previously by monetary authorities, according to an Asian Development Bank (ADB) report. "Despite earlier reform efforts, weaknesses...

Business

ADB projects higher growth for RP this yr

By Donnabelle L. Gatdula | March 11, 2000 - 12:00am

The Asian Development Bank (ADB) reported yesterday the Philippines is likely to post higher growth this year as the country shows signs of continuing recovery from the regional financial crisis. "Supported...

Business

Asia's recovery from financial crisis encouraging

By by DonnabelleGatdula | March 11, 2000 - 12:00am

Asia's recovery from the regional financial crisis in 1997 has been encouraging and faster than expected but incomes and living standards still have a long way to go to reach pre-crisis levels, according to the...

Business