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                    [ArticleID] => 285490
                    [Title] => BSP hikes banks’ reserve requirements to protect peso
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) took drastic action yesterday to protect the embattled peso  by raising banks’ reserve requirements  effective July 15.


BSP Governor  Amando Tetangco Jr.  said the move was aimed at  siphoning off excess liquidity and to curb its impact on the peso.  "Excess liquidity can lead to more inflation," Tetangco said after announcing the move.


                    [DatePublished] => 2005-07-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
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                    [ArticleID] => 256604
                    [Title] => Inflation reaches 5.4% in June due to rising prices
                    [Summary] => Consumer prices rose to 5.4 percent in June, exceeding official and many private projections as  oil price  hikes triggered a sharp rise in prices of basic commodities, the National Statistics Office (NSO) reported yesterday.


The inflation rate in May  stood at 4.7 percent. Private sector analysts had widely expected inflation in June to rise to about five percent while government projections had placed it at under five percent.


                    [DatePublished] => 2004-07-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
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                    [URL] => 
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            [2] => Array
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                    [ArticleID] => 254490
                    [Title] => RP trade deficit widens to $1.04-B in January-April
                    [Summary] => The country’s trade deficit widened  further  to $1.040 billion in the first four months of the year from $971 million  a year ago  on  strong  imports  of   key electronic products, fueling hopes  for stronger export growth in the coming months.  


The National Statistics Office (NSO) reported yesterday that import payments during the four-month period rose by 6.9 percent  to $13.202  billion  from $12.347 billion a year ago. 


                    [DatePublished] => 2004-06-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1690110
                    [AuthorName] => Rica Delfinado
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [3] => Array
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                    [ArticleID] => 250662
                    [Title] => Trade gap widens to $559M in Q1
                    [Summary] => The country’s trade deficit widened  by 9.2 percent to $559 million in the first three months of the year from $512 million in the same period last year as exports to rebounding global markets failed to  keep pace with imports, the National Statistics Office (NSO) reported yesterday.
                    [DatePublished] => 2004-05-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1690110
                    [AuthorName] => Rica Delfinado
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [4] => Array
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                    [ArticleID] => 239763
                    [Title] => Peso plunges to new record low of 56.35:$1
                    [Summary] => The peso closed  to a  new historic low of 56.35 to the dollar yesterday amid political concerns ahead of the May 10 presidential election and signs that the Bangko Sentral ng Pilipinas (BSP) will not take action to protect the currency.
                    [DatePublished] => 2004-02-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 237655
                    [Title] => Exports disappointing in 2003
                    [Summary] => The country’s exports rose by a paltry 1.5 percent  to $35.75 billion in 2003, falling far short of government expectations, the National Statistics Office (NSO) reported yesterday.
                    [DatePublished] => 2004-02-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 232429
                    [Title] => Court issues writ of attachment on assets of GK Goh Securities
                    [Summary] => A civil case against GK Goh Securities Philippines, Inc., and Lim Kim Siah in the Regional Trial Court (RTC), Branch 134 of Makati City for a sum of money with prayer for the issuance of a writ of preliminary attachment was filed by Hilario P. Soriano, president of Soriano Holdings Corp.


                    [DatePublished] => 2003-12-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [ArticleID] => 230513
                    [Title] => Nov inflation rises to 3.3%
                    [Summary] => Consumer prices went  up for the second straight month in November, underscoring the risk of a sharper rise in prices next year if election-related spending boosts demand.
                    [DatePublished] => 2003-12-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1690110
                    [AuthorName] => Rica Delfinado
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 230384
                    [Title] => Oct exports up 6.2% to $3.22-B
                    [Summary] => Merchandise exports rose by 6.2 percent to $3.223 billion in October, possibly signalling the start of a rebound in the last quarter of the year, the National Statistics Office (NSO) reported yesterday.
                    [DatePublished] => 2003-12-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1690110
                    [AuthorName] => Rica Delfinado
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 228570
                    [Title] => Sept imports down 4.5%
                    [Summary] => The government said it recorded a trade surplus of $218 million in September, far higher than the surplus of $2 million in the same month of last year, but imports of vital electronics parts shrank.
                    [DatePublished] => 2003-11-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096671
                    [AuthorName] =>  Dolly Aglay
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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GOH SECURITIES

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                    [ArticleID] => 285490
                    [Title] => BSP hikes banks’ reserve requirements to protect peso
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) took drastic action yesterday to protect the embattled peso  by raising banks’ reserve requirements  effective July 15.


BSP Governor  Amando Tetangco Jr.  said the move was aimed at  siphoning off excess liquidity and to curb its impact on the peso.  "Excess liquidity can lead to more inflation," Tetangco said after announcing the move.


                    [DatePublished] => 2005-07-08 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 256604
                    [Title] => Inflation reaches 5.4% in June due to rising prices
                    [Summary] => Consumer prices rose to 5.4 percent in June, exceeding official and many private projections as  oil price  hikes triggered a sharp rise in prices of basic commodities, the National Statistics Office (NSO) reported yesterday.


The inflation rate in May  stood at 4.7 percent. Private sector analysts had widely expected inflation in June to rise to about five percent while government projections had placed it at under five percent.


                    [DatePublished] => 2004-07-07 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 254490
                    [Title] => RP trade deficit widens to $1.04-B in January-April
                    [Summary] => The country’s trade deficit widened  further  to $1.040 billion in the first four months of the year from $971 million  a year ago  on  strong  imports  of   key electronic products, fueling hopes  for stronger export growth in the coming months.  


The National Statistics Office (NSO) reported yesterday that import payments during the four-month period rose by 6.9 percent  to $13.202  billion  from $12.347 billion a year ago. 


                    [DatePublished] => 2004-06-19 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 250662
                    [Title] => Trade gap widens to $559M in Q1
                    [Summary] => The country’s trade deficit widened  by 9.2 percent to $559 million in the first three months of the year from $512 million in the same period last year as exports to rebounding global markets failed to  keep pace with imports, the National Statistics Office (NSO) reported yesterday.
                    [DatePublished] => 2004-05-20 00:00:00
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                    [Title] => Peso plunges to new record low of 56.35:$1
                    [Summary] => The peso closed  to a  new historic low of 56.35 to the dollar yesterday amid political concerns ahead of the May 10 presidential election and signs that the Bangko Sentral ng Pilipinas (BSP) will not take action to protect the currency.
                    [DatePublished] => 2004-02-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 237655
                    [Title] => Exports disappointing in 2003
                    [Summary] => The country’s exports rose by a paltry 1.5 percent  to $35.75 billion in 2003, falling far short of government expectations, the National Statistics Office (NSO) reported yesterday.
                    [DatePublished] => 2004-02-05 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 232429
                    [Title] => Court issues writ of attachment on assets of GK Goh Securities
                    [Summary] => A civil case against GK Goh Securities Philippines, Inc., and Lim Kim Siah in the Regional Trial Court (RTC), Branch 134 of Makati City for a sum of money with prayer for the issuance of a writ of preliminary attachment was filed by Hilario P. Soriano, president of Soriano Holdings Corp.


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                    [ColumnID] => 133272
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                    [ArticleID] => 230513
                    [Title] => Nov inflation rises to 3.3%
                    [Summary] => Consumer prices went  up for the second straight month in November, underscoring the risk of a sharper rise in prices next year if election-related spending boosts demand.
                    [DatePublished] => 2003-12-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1690110
                    [AuthorName] => Rica Delfinado
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 230384
                    [Title] => Oct exports up 6.2% to $3.22-B
                    [Summary] => Merchandise exports rose by 6.2 percent to $3.223 billion in October, possibly signalling the start of a rebound in the last quarter of the year, the National Statistics Office (NSO) reported yesterday.
                    [DatePublished] => 2003-12-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => Rica Delfinado
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                    [ArticleID] => 228570
                    [Title] => Sept imports down 4.5%
                    [Summary] => The government said it recorded a trade surplus of $218 million in September, far higher than the surplus of $2 million in the same month of last year, but imports of vital electronics parts shrank.
                    [DatePublished] => 2003-11-20 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096671
                    [AuthorName] =>  Dolly Aglay
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abtest

BSP hikes banks’ reserve requirements to protect peso

By Des Ferriols | July 8, 2005 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) took drastic action yesterday to protect the embattled peso by raising banks’ reserve requirements effective July 15. BSP Governor Amando Tetangco Jr. said the move...

Business

Inflation reaches 5.4% in June due to rising prices

By Des Ferriols | July 7, 2004 - 12:00am

Consumer prices rose to 5.4 percent in June, exceeding official and many private projections as oil price hikes triggered a sharp rise in prices of basic commodities, the National Statistics Office (NSO) reported...

Business

RP trade deficit widens to $1.04-B in January-April

By Rica Delfinado | June 19, 2004 - 12:00am

The country’s trade deficit widened further to $1.040 billion in the first four months of the year from $971 million a year ago on strong imports of key electronic products, fueling hopes for stronger...

Business

Trade gap widens to $559M in Q1

By Rica Delfinado | May 20, 2004 - 12:00am

The country’s trade deficit widened by 9.2 percent to $559 million in the first three months of the year from $512 million in the same period last year as exports to rebounding global markets failed to keep...

Business

Peso plunges to new record low of 56.35:$1

By Des Ferriols | February 21, 2004 - 12:00am

The peso closed to a new historic low of 56.35 to the dollar yesterday amid political concerns ahead of the May 10 presidential election and signs that the Bangko Sentral ng Pilipinas (BSP) will not take action...

Business

Exports disappointing in 2003

February 5, 2004 - 12:00am

The country’s exports rose by a paltry 1.5 percent to $35.75 billion in 2003, falling far short of government expectations, the National Statistics Office (NSO) reported yesterday.

Business

Court issues writ of attachment on assets of GK Goh Securities

December 21, 2003 - 12:00am

A civil case against GK Goh Securities Philippines, Inc., and Lim Kim Siah in the Regional Trial Court (RTC), Branch 134 of Makati City for a sum of money with prayer for the issuance of a writ of preliminary attachment...

Business

Nov inflation rises to 3.3%

By Rica Delfinado | December 6, 2003 - 12:00am

Consumer prices went up for the second straight month in November, underscoring the risk of a sharper rise in prices next year if election-related spending boosts demand.

Business

Oct exports up 6.2% to $3.22-B

By Rica Delfinado | December 5, 2003 - 12:00am

Merchandise exports rose by 6.2 percent to $3.223 billion in October, possibly signalling the start of a rebound in the last quarter of the year, the National Statistics Office (NSO) reported yesterday.

Business

Sept imports down 4.5%

By Dolly Aglay | November 20, 2003 - 12:00am

The government said it recorded a trade surplus of $218 million in September, far higher than the surplus of $2 million in the same month of last year, but imports of vital electronics parts shrank.

Business