+ Follow NATIONAL TREASURER MINA FIGUEROA Tag
NATIONAL TREASURER MINA FIGUEROA
Array
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(
[ArticleID] => 265605
[Title] => Banks welcome 2-tier classification of government securities dealers
[Summary] => Banks welcomed the decision of the Bureau of Treasury (BTr) to institute a two-tier classification of government securities dealers, but have asked for transparency in the criteria and requirements.
Government securities eligible dealers (GSEDs) actively participating in the auction of government securities admitted that the two-tiered scheme would force market makers to perform their function as actual makers of market for government securities.
[DatePublished] => 2004-10-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 264846
[Title] => Saludo earns Drilon’s ire
[Summary] => Senate President Franklin Drilon berated Deputy Presidential Spokesman Ricardo Saludo yesterday for his "apparent ignorance" of his principal’s policy on how to resolve the looming fiscal crisis.
"The reason why the Arroyo administration and its communication arm seem to be in utter disarray is because we have ill-advised characters like Saludo who apparently does not know what he is talking about," an angry Drilon said.
[DatePublished] => 2004-09-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[2] => Array
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[ArticleID] => 264663
[Title] => Benchmark T-bill rate goes up to 7.718%
[Summary] => Rates for the benchmark 91-day Treasury bills (T-bills) went up to 7.718 percent at yesterday’s auction from the previous 7.438 percent as a result of rising uncertainties over interest rates, the US Fed’s rate hikes and the lingering fiscal problem, traders said.
Rates for the 364-day T-bills were also up at 9.975 percent from the previous auction’s 9.711 percent.
Because of high bid rates, the auction committee rejected all bids for the 182-day notes.
[DatePublished] => 2004-09-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 261673
[Title] => Gov’t to issue P5-B zero coupon bonds
[Summary] => The National Government (NG) will issue some P5-billion worth of five-year zero coupon bonds to help bankroll its budget deficit for the remainder of the year.
Pressed to meet its P197.8-billion fiscal deficit target for 2004, the government has been resorting to heavy borrowings since the start of the year as the improvement in revenue collections still cannot compensate for the public expenditure needs.
[DatePublished] => 2004-08-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 256506
[Title] => 91-day T-bill rate rises to 2-yr high of 7.714%
[Summary] => The rate on bellwether 91-day Treasury bills (T-bills) rose to a two-year high of 7.714 percent yesterday as the government allowed banks to release their pent-up demand while rejecting all bid applications for the 182-day and 364-day T-bills.
National Treasurer Mina Figueroa said the market did not show enough volume to justify the increase in the rates for the longer tenor T-bills but the bids on the 91-day T-bills were more reasonable.
[DatePublished] => 2004-07-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 254856
[Title] => Benchmark T-bill rate rises to 7.63%
[Summary] => Treasury officials allowed yesterday a slight increase in the benchmark Treasury bill (T-bill) rate although attempts to push up the rates on all other tenors were warded off for the second straight week.
The interest rate on the 92-day T-bills went up to an average of 7.634 percent compared with 7.317 percent in the previous auction. This is also higher than the policy rate of the Bangko Sentral ng Pilipinas (BSP).
[DatePublished] => 2004-06-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 250671
[Title] => BTr plans P4-B add’l monthly offering for gov’t securities
[Summary] => The Bureau of Treasury (BTr) is planning to increase the volume of government securities to be auctioned off in the market by P4 billion starting next month.
National Treasurer Mina Figueroa said the decision was an offshoot of the increase in the yields of Treasury bills and Treasury bonds during the past months.
Figueroa said the June borrowing advisory will reflect a P2-billion increment in the volume offering each for T-bills and T-bonds, or a cumulative P4-billion increase for the month.
[DatePublished] => 2004-05-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 248096
[Title] => It’s final: Arroyo may campaign while in office
[Summary] => The Supreme Court denied with finality yesterday the appeal of opposition senatorial candidates Ma. Eliza "Boots" Anson-Roa and Amina Rasul-Bernardo over the dismissal of their petition seeking to declare President Arroyo resigned or on official leave on claims she is using government funds to sustain her candidacy.
In a one page en banc resolution, the Supreme Court said the petitioners raised the same issues in their motion for reconsideration which has been passed upon by the court.
[DatePublished] => 2004-04-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804901
[AuthorName] => Aurea Calica
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[8] => Array
(
[ArticleID] => 247801
[Title] => T-bill rates dip as GMA firms up lead
[Summary] => For the first time this year, interest rates softened yesterday as banks expressed more confidence about the government’s short-term prospects even as the country edged towards the May 10 elections.
[DatePublished] => 2004-04-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 245963
[Title] => 91-day T-bill rate climbs to 7.658%
[Summary] => The government allowed rates on 91-day and 182-day Treasury bills (T-bills) to rise but rejected all bid applications for 364-day bills at yesterday’s auction.
Rates for the 91-day T-bills, which banks use as benchmark in pricing loans, averaged 7.658 percent compared with 7.616 percent recorded on March 15, with the government awarding in full its P3.5-billion offering against total tenders of P4.882 billion.
[DatePublished] => 2004-04-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
September 15, 2004 - 12:00am
