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                    [Title] => RP says yuan revaluation to boost Asian currencies
                    [Summary] => China’s revaluation of the yuan will cause a strengthening of Asian currencies but those that appreciate less will become more competitive, the Bangko Sentral ng Pilipinas said yesterday. 


BSP Governor Amando Tetangco Jr. said in a statement that China’s move was "widely anticipated... (and was) expected to result in the strengthening of Asian currencies but in varying degrees." 


"Those that appreciate less will gain competitiveness," he said. He did not give any forecast on how the Philippine peso would perform. 


                    [DatePublished] => 2005-07-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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CHRIS LEUNG

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                    [Title] => RP says yuan revaluation to boost Asian currencies
                    [Summary] => China’s revaluation of the yuan will cause a strengthening of Asian currencies but those that appreciate less will become more competitive, the Bangko Sentral ng Pilipinas said yesterday. 


BSP Governor Amando Tetangco Jr. said in a statement that China’s move was "widely anticipated... (and was) expected to result in the strengthening of Asian currencies but in varying degrees." 


"Those that appreciate less will gain competitiveness," he said. He did not give any forecast on how the Philippine peso would perform. 


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                    [ColumnID] => 133272
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                    [AuthorName] => 
                    [SectionName] => Business
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abtest

RP says yuan revaluation to boost Asian currencies

July 23, 2005 - 12:00am

China’s revaluation of the yuan will cause a strengthening of Asian currencies but those that appreciate less will become more competitive, the Bangko Sentral ng Pilipinas said yesterday. BSP Governor Amando...

Business