+ Follow NATIONAL TREASURER OMAR CRUZ Tag
NATIONAL TREASURER OMAR CRUZ
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[ArticleID] => 2977
[Title] => Team Unity dares poll watchers to condemn poll fraud in opposition bailiwick
[Summary] =>
[DatePublished] => 2007-05-29 13:25:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[1] => Array
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[ArticleID] => 1298
[Title] => Oil prices higher in Asian trade
[Summary] =>
[DatePublished] => 2007-05-21 12:25:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[2] => Array
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[ArticleID] => 113
[Title] => Surrendered crowns
[Summary] =>
[DatePublished] => 2007-05-01 10:10:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[3] => Array
(
[ArticleID] => 396849
[Title] => 91-day T-bill rises to 3-mo high of 3.044%
[Summary] => The rate on the 91-day Treasury bills (T-bills) rose to its highest in more than three months, averaging at 3.044 percent from 2.952 percent at the previous auction in April 16, tracking secondary market rates.
[DatePublished] => 2007-05-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[4] => Array
(
[ArticleID] => 396756
[Title] => BSP’s mopping up operations to have minimal impact on T-bills
[Summary] =>
The mopping up operations of the Bangko Sentral ng Pilipinas (BSP) is expected to have minimal impact on the government securities market but could drain funds out of short-term Treasury bills (T-bills) if monetary officials would price its special deposit accounts above benchmark rates.
To arrest the rapid increase in domestic liquidity, the BSP intends to lure government deposits away from banks by offering better interest rates and the Monetary Board also allowed the trust departments of banks to park their funds in the BSP’s special deposit accounts (SDAs).
[DatePublished] => 2007-04-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[5] => Array
(
[ArticleID] => 396115
[Title] => Peso hits new 6-year high of 47.455 to dollar
[Summary] =>
After a momentary confusion due to the resignation of National Treasurer Omar Cruz, the peso gained another 7.5 centavos to close at a new six-year high of 47.455 to the dollar.
The resignation of Cruz caused a slight weakening in early session but the exchange rate quickly recovered after dipping to an intra-day low of 47.64 to $1.
Cruz himself said it was understandable for the market to go through a short adverse reaction but the clarification of issues later in the day brought sentiments back on track.
[DatePublished] => 2007-04-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[6] => Array
(
[ArticleID] => 396126
[Title] => BTr resumes issuance of 1-yr T-bills
[Summary] =>
The Bureau of the Treasury (BTr) said yesterday it will resume the issuance of one-year Treasury bills (T-bills) next week.
National Treasurer Omar Cruz told reporters that the BTr would be auctioning off P1 billion worth of 91-day T-bills on Monday, along with P2 billion worth of 182-day notes and P2 billion worth of the one-year notes.
Last week, the BTr cancelled the issuance of one-year T-bills, reducing down its scheduled borrowing from P5 billion to P2 billion.
[DatePublished] => 2007-04-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[7] => Array
(
[ArticleID] => 396145
[Title] => GMA: RP fiscal policy won’t change despite resignation of national treasurer
[Summary] =>
There would be no change in the government’s monetary and fiscal policies despite negative market reactions as well as warnings from the international financial community over the repercussions of the sudden resignation of a key finance official, President Arroyo said yesterday.
"There will be no change in policy and the country is committed to fiscal prudence and sound management," Mrs. Arroyo said in a statement following the resignation of National Treasurer Omar Cruz.
[DatePublished] => 2007-04-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
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[8] => Array
(
[ArticleID] => 394054
[Title] => NG cancels issuance of 1-yr T-bills for next week
[Summary] =>
Treasury officials announced yesterday that the National Government (NG) has decided to cancel the issuance of one-year Treasury bills (T-bills) next week, paring down its scheduled borrowing from P5 billion to P2 billion.
The Bureau of the Treasury (BTr) said it would proceed with the scheduled auction of the benchmark 91-day T-bills and the 182-day T-bills.
[DatePublished] => 2007-04-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 393200
[Title] => RP to retire $126M of Brady bonds
[Summary] =>
The government said yesterday it will buy back $126 million in Brady bonds on May 1, the final payment on a 1992 debt restructuring program and a reflection of the government’s improved finances.
The Philippines will join Colombia, Brazil, Venezuela and Mexico as countries that have retired the costly bonds.
The Philippines, which relies on debt to fund its budget deficits, started to retire its remaining Brady bonds last year as government revenues improved following tax changes.
[DatePublished] => 2007-04-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
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)
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