+ Follow GOVERNOR RAFAEL CARLOS BUENAVENTURA Tag
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[ArticleID] => 276563
[Title] => Net hot money inflows surge to $1.7B in first 4 months
[Summary] => Foreign hot money inflows hit $1.7 billion in the first four months of the year as emerging markets became attractive again to fund managers looking for alternatives to the debt market, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Net portfolio or hot money investments reached $260 million in April, down from the $562-million level recorded at the end of March.
The BSP said total inflows amounted to $2.809 billion from January to April while outflows amounted to $1.088 billion, indicating that portfolio investments remained tentative.
[DatePublished] => 2005-05-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 254261
[Title] => Peso now 56.25:$1
[Summary] => The peso continued to weaken yesterday, inching closer to the record low posted in March as it closed at 56.25 to the dollar amid huge trading volumes.
For the third straight day, the peso traded downwards, opening the session at 56.010 before hitting a high of 55.90 and a low of 56.250 to the dollar.
The day’s trade was brisk with total volume turnover reaching $237 million, almost twice as high as the usual volume.
[DatePublished] => 2004-06-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[2] => Array
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[ArticleID] => 253132
[Title] => New tax plan aims to raise P50B/yr in add’l revenues
[Summary] => The government’s incentive program will be the hardest hit by a proposed tax rationalization plan that is intended to generate at least P50 billion yearly in additional revenues until the budget is balanced in 2009.
Emerging from a meeting yesterday, the country’s top economic managers said there is no more room to cut the national budget and avert a debt crisis. They said supporting growth and balancing the budget will require painful measures.
[DatePublished] => 2004-06-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 247809
[Title] => NG eyes $100-M currency swap
[Summary] => The Arroyo administration is considering the possibility of entering into a commercial currency swap agreement with ING Baring for a total of $100 million.
With negotiations still ongoing for a similar swap agreement with the Asian Development Bank (ADB), the Department of Finance said it has received several offers for swaps and a $100-million transaction was now on the table.
[DatePublished] => 2004-04-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
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[ArticleID] => 246879
[Title] => Salary increase of more than P20/day inflationary — DBCC
[Summary] => Wage adjustments of more than P20 per day on the national average could create inflationary pressures that could trigger monetary action, the Development Budget Coordinating Committee (DBCC) warned yesterday.
Amid intensifying calls for a minimum daily wage increase, the DBCC said its 2004 assumptions factored in "some level of minimum wage adjustments" but only up to eight percent on the average, translating to an increase of about P20.
[DatePublished] => 2004-04-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 225396
[Title] => BSP may restore tiering of bank placements
[Summary] => With the national inflation rate still on a downtrend, the Bangko Sentral ng Pilipinas (BSP) might restore the tiering of bank placements, but officials said the impact on the peso-dollar exchange rate would have to be assessed before the Monetary Board takes this step.
The BSP also said that if the US Federal Reserve Board adjusts its interest rates, there was enough differential between US and Philippine rates to allow the MB to change its policy rates when it becomes necessary.
[DatePublished] => 2003-10-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 220203
[Title] => Argentina default to impact on RP’s spreads
[Summary] => Argentina’s decision to default on about $3 billion of its maturing obligations will have a short-term impact on the country’s spreads, but economic officials are optimistic that the initial shock would wear off quickly as investors decouple the Philippines from the rest of the emerging markets.
[DatePublished] => 2003-09-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
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)
GOVERNOR RAFAEL CARLOS BUENAVENTURA
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 276563
[Title] => Net hot money inflows surge to $1.7B in first 4 months
[Summary] => Foreign hot money inflows hit $1.7 billion in the first four months of the year as emerging markets became attractive again to fund managers looking for alternatives to the debt market, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Net portfolio or hot money investments reached $260 million in April, down from the $562-million level recorded at the end of March.
The BSP said total inflows amounted to $2.809 billion from January to April while outflows amounted to $1.088 billion, indicating that portfolio investments remained tentative.
[DatePublished] => 2005-05-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 254261
[Title] => Peso now 56.25:$1
[Summary] => The peso continued to weaken yesterday, inching closer to the record low posted in March as it closed at 56.25 to the dollar amid huge trading volumes.
For the third straight day, the peso traded downwards, opening the session at 56.010 before hitting a high of 55.90 and a low of 56.250 to the dollar.
The day’s trade was brisk with total volume turnover reaching $237 million, almost twice as high as the usual volume.
[DatePublished] => 2004-06-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 253132
[Title] => New tax plan aims to raise P50B/yr in add’l revenues
[Summary] => The government’s incentive program will be the hardest hit by a proposed tax rationalization plan that is intended to generate at least P50 billion yearly in additional revenues until the budget is balanced in 2009.
Emerging from a meeting yesterday, the country’s top economic managers said there is no more room to cut the national budget and avert a debt crisis. They said supporting growth and balancing the budget will require painful measures.
[DatePublished] => 2004-06-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 247809
[Title] => NG eyes $100-M currency swap
[Summary] => The Arroyo administration is considering the possibility of entering into a commercial currency swap agreement with ING Baring for a total of $100 million.
With negotiations still ongoing for a similar swap agreement with the Asian Development Bank (ADB), the Department of Finance said it has received several offers for swaps and a $100-million transaction was now on the table.
[DatePublished] => 2004-04-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 246879
[Title] => Salary increase of more than P20/day inflationary — DBCC
[Summary] => Wage adjustments of more than P20 per day on the national average could create inflationary pressures that could trigger monetary action, the Development Budget Coordinating Committee (DBCC) warned yesterday.
Amid intensifying calls for a minimum daily wage increase, the DBCC said its 2004 assumptions factored in "some level of minimum wage adjustments" but only up to eight percent on the average, translating to an increase of about P20.
[DatePublished] => 2004-04-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 225396
[Title] => BSP may restore tiering of bank placements
[Summary] => With the national inflation rate still on a downtrend, the Bangko Sentral ng Pilipinas (BSP) might restore the tiering of bank placements, but officials said the impact on the peso-dollar exchange rate would have to be assessed before the Monetary Board takes this step.
The BSP also said that if the US Federal Reserve Board adjusts its interest rates, there was enough differential between US and Philippine rates to allow the MB to change its policy rates when it becomes necessary.
[DatePublished] => 2003-10-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 220203
[Title] => Argentina default to impact on RP’s spreads
[Summary] => Argentina’s decision to default on about $3 billion of its maturing obligations will have a short-term impact on the country’s spreads, but economic officials are optimistic that the initial shock would wear off quickly as investors decouple the Philippines from the rest of the emerging markets.
[DatePublished] => 2003-09-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
September 11, 2003 - 12:00am
