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                    [ArticleID] => 88108
                    [Title] => Former SBMA chief cites volunteers
                    [Summary] => 

The man who made Subic leap out from the blueprint has cited Filipino
volunteers as "agents of change" in Olongapo City and the Freeport.

Richard Gordon, founding chairman of the Subic Bay Metropolitan Authority
(SBMA), said in a speech before the World Bank (WB)-sponsored 2nd World Cities
Congress in Washington DC that without the volunteers, the former US naval base
would not have become a major economic hub in just three years.

"It is an honor to make people part of the process
                    [DatePublished] => 2000-05-21 00:00:00
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                    [ArticleID] => 100901
                    [Title] => Market pushes T-bills higher as peso depreciates
                    [Summary] => 

Fears of another US Fed rate hike sent Treasury bill rates up and pushed the
peso down to P40.95 $1 yesterday.

The increase for all three tenors would have been higher if the government had
accepted all bids.

Investors actually seemed to be shying away from the T-bill market, with total
tenders dropping to only P3.27 billion which is even lower than the offering
volume of P4 billion.

The government auction committee headed by Deputy Treasurer Eduardo Mendiola
wanted to reject all the bids because "they were mostly throw-away bids." 

However, Finance Secretary Jose T.
                    [DatePublished] => 2000-02-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [2] => Array
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                    [ArticleID] => 100887
                    [Title] => Talks to extend IMF program set in April
                    [Summary] => 

Talks with the International Monetary Fund (IMF) for the extension of the
existing stand-by program up to September this year has been set for the first
10 days of April, according to Finance Secretary Jose T.
                    [DatePublished] => 2000-02-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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                    [URL] => 
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            [3] => Array
                (
                    [ArticleID] => 100863
                    [Title] => RP stands to lose $2.5 B in loans from funding agencies
                    [Summary] => 

The government  may again be in danger of losing some $2.5 billion worth of
loans from the World Bank (WB), the Asian Development Bank (ADB) and the Japan
Bank for International Cooperation (JBIC) due to its inability to quickly
disburse these loans.

The three funding institutions and even the International Monetary Fund  (IMF)
expressed their concern   about the slow disbursement   during a meeting with
President Estrada and the Economic Coordinating Council (ECC) last  night.

Sources said  visiting WB president James Wolfenson, IMF deputy managing
director Shigetsu Sugiyak
                    [DatePublished] => 2000-02-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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                    [SectionUrl] => business
                    [URL] => 
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)

JAMES WOLFENSON

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                    [ArticleID] => 88108
                    [Title] => Former SBMA chief cites volunteers
                    [Summary] => 

The man who made Subic leap out from the blueprint has cited Filipino
volunteers as "agents of change" in Olongapo City and the Freeport.

Richard Gordon, founding chairman of the Subic Bay Metropolitan Authority
(SBMA), said in a speech before the World Bank (WB)-sponsored 2nd World Cities
Congress in Washington DC that without the volunteers, the former US naval base
would not have become a major economic hub in just three years.

"It is an honor to make people part of the process
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                    [AuthorID] => 
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                    [ArticleID] => 100901
                    [Title] => Market pushes T-bills higher as peso depreciates
                    [Summary] => 

Fears of another US Fed rate hike sent Treasury bill rates up and pushed the
peso down to P40.95 $1 yesterday.

The increase for all three tenors would have been higher if the government had
accepted all bids.

Investors actually seemed to be shying away from the T-bill market, with total
tenders dropping to only P3.27 billion which is even lower than the offering
volume of P4 billion.

The government auction committee headed by Deputy Treasurer Eduardo Mendiola
wanted to reject all the bids because "they were mostly throw-away bids." 

However, Finance Secretary Jose T.
                    [DatePublished] => 2000-02-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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                    [URL] => 
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                (
                    [ArticleID] => 100887
                    [Title] => Talks to extend IMF program set in April
                    [Summary] => 

Talks with the International Monetary Fund (IMF) for the extension of the
existing stand-by program up to September this year has been set for the first
10 days of April, according to Finance Secretary Jose T.
                    [DatePublished] => 2000-02-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 100863
                    [Title] => RP stands to lose $2.5 B in loans from funding agencies
                    [Summary] => 

The government  may again be in danger of losing some $2.5 billion worth of
loans from the World Bank (WB), the Asian Development Bank (ADB) and the Japan
Bank for International Cooperation (JBIC) due to its inability to quickly
disburse these loans.

The three funding institutions and even the International Monetary Fund  (IMF)
expressed their concern   about the slow disbursement   during a meeting with
President Estrada and the Economic Coordinating Council (ECC) last  night.

Sources said  visiting WB president James Wolfenson, IMF deputy managing
director Shigetsu Sugiyak
                    [DatePublished] => 2000-02-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Former SBMA chief cites volunteers

May 21, 2000 - 12:00am

The man who made Subic leap out from the blueprint has cited Filipino volunteers as "agents of change" in Olongapo City and the Freeport. Richard Gordon, founding chairman of the Subic Bay Metropolitan Authority (SBMA),...

Headlines

Market pushes T-bills higher as peso depreciates

By Marianne V. Go | February 29, 2000 - 12:00am

Fears of another US Fed rate hike sent Treasury bill rates up and pushed the peso down to P40.95 $1 yesterday. The increase for all three tenors would have been higher if the government had accepted all bids. Investors...

Business

Talks to extend IMF program set in April

By Marianne V. Go | February 28, 2000 - 12:00am

Talks with the International Monetary Fund (IMF) for the extension of the existing stand-by program up to September this year has been set for the first 10 days of April, according to Finance Secretary Jose...

Business

RP stands to lose $2.5 B in loans from funding agencies

By Marianne V. Go | February 26, 2000 - 12:00am

The government may again be in danger of losing some $2.5 billion worth of loans from the World Bank (WB), the Asian Development Bank (ADB) and the Japan Bank for International Cooperation (JBIC) due to its...

Business