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                    [ArticleID] => 86779
                    [Title] => BSP denies violating own charter
                    [Summary] => 

The Bangko Sentral ng Pilipinas (BSP) dismissed yesterday as unfounded, charges
that it violated its own charter by extending loans totaling P20.1 billion to
the national government.

BSP Gov. Rafael Buenaventura said the funds, which were released in two
tranches, could not be considered as loans since they were paid as subscription
payment or membership contribution to the International Monetary Fund (IMF) in
the name of the national government.

Misamis Oriental Rep.
                    [DatePublished] => 2000-01-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 86769
                    [Title] => Opposition hits BSP's P20.1-B loans to nat'l gov't
                    [Summary] => 

The Bangko Sentral ng Pilipinas (BSP) has violated its own charter by granting
loans totaling P20.1 billion to the national government, opposition congressmen
said yesterday.

The accusation is contained in Resolution 1322 in which the lawmakers asked the
House committee on good government to inquire into the alleged violation by the
Bangko Sentral of its own charter, otherwise known as the New Central Bank
Act.

The measure is principally authored by Rep. Oscar Moreno (Lakas, Misamis
Oriental). Sixteen other opposition lawmakers led by Minority Leader Feliciano
Belmonte Jr.
                    [DatePublished] => 2000-01-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
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)

MINORITY LEADER FELICIANO

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                    [ArticleID] => 86779
                    [Title] => BSP denies violating own charter
                    [Summary] => 

The Bangko Sentral ng Pilipinas (BSP) dismissed yesterday as unfounded, charges
that it violated its own charter by extending loans totaling P20.1 billion to
the national government.

BSP Gov. Rafael Buenaventura said the funds, which were released in two
tranches, could not be considered as loans since they were paid as subscription
payment or membership contribution to the International Monetary Fund (IMF) in
the name of the national government.

Misamis Oriental Rep.
                    [DatePublished] => 2000-01-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Headlines
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                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 86769
                    [Title] => Opposition hits BSP's P20.1-B loans to nat'l gov't
                    [Summary] => 

The Bangko Sentral ng Pilipinas (BSP) has violated its own charter by granting
loans totaling P20.1 billion to the national government, opposition congressmen
said yesterday.

The accusation is contained in Resolution 1322 in which the lawmakers asked the
House committee on good government to inquire into the alleged violation by the
Bangko Sentral of its own charter, otherwise known as the New Central Bank
Act.

The measure is principally authored by Rep. Oscar Moreno (Lakas, Misamis
Oriental). Sixteen other opposition lawmakers led by Minority Leader Feliciano
Belmonte Jr.
                    [DatePublished] => 2000-01-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

        )

)

abtest

BSP denies violating own charter

By Marianne V. Go | January 13, 2000 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) dismissed yesterday as unfounded, charges that it violated its own charter by extending loans totaling P20.1 billion to the national government. BSP Gov. Rafael Buenaventura...

Headlines

Opposition hits BSP's P20.1-B loans to nat'l gov't

January 12, 2000 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has violated its own charter by granting loans totaling P20.1 billion to the national government, opposition congressmen said yesterday. The accusation is contained in Resolution...

Headlines