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                    [ArticleID] => 233009
                    [Title] => UN, EC to assist in Mindanao development
                    [Summary] => The United Nations and the European Community (EC) have agreed to assist in the conduct of a needs assessment survey of Mindanao in an effort to rationalize the use of the so-called Peace Fund.
                    [DatePublished] => 2003-12-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 232282
                    [Title] => BSP sees peso hitting 56 to $1
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) said yesterday the peso could weaken to as low as 56 to the dollar next year, although monetary officials are still hoping that the currency would swing back to P54 to the dollar depending on the outcome of the elections. 


Revising its macro-economic targets for 2004, the BSP projected the peso-dollar exchange rate to trade within a wide range of P54 to P56 to $1, due to continuing political uncertainties throughout 2004. 


                    [DatePublished] => 2003-12-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 230776
                    [Title] => Nov deficit within target — Amatong
                    [Summary] => The Department of Finance (DOF) said the November deficit was within target despite a higher than programmed expenditures level which was offset by increases in revenue collections by the Bureau of Internal Revenue and the Bureau of Customs.
                    [DatePublished] => 2003-12-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 230638
                    [Title] => DOF to review past tax amnesty programs
                    [Summary] => The Department of Finance (DOF) is conducting an audit of the past tax amnesty programs implemented by the government to determine if providing amnesty had been successful at any time in the past. 


Acting Finance Secretary Juanita Amatong told reporters that the DOF’s official policy is to support revenue-generating measures in Congress, especially at a time when the government is dealing with a significant budget deficit. 


                    [DatePublished] => 2003-12-07 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096655
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                    [SectionUrl] => business
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                    [ArticleID] => 230545
                    [Title] => US, RP ink P75-M debt-for-nature swap
                    [Summary] => The US and Philippine governments have reached an agreement on a  P75-million debt-for-nature swap involving the shift of funds from interest payments on US loans to the Arroyo administration’s Tropical Forest Conservation Program. 


Acting Finance Secretary Juanita Amatong told reporters yesterday that the US government had agreed to waive interest payments on certain US loans to the Philippines and the proceeds would instead be spent on the conservation program.


                    [DatePublished] => 2003-12-06 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 230007
                    [Title] => Asean mulls reg’l guarantee facility for sovereign issues
                    [Summary] => Southeast Asian countries plan to put up  a regional guarantee facility for sovereign issues and discussions are ongoing to determine the mechanics that would support the Asian Bond Fund (ABF) through a system of risk-weighting and guarantees.
                    [DatePublished] => 2003-12-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 214646
                    [Title] => Marcos funds to trim budget deficit
                    [Summary] => The release of the $658 million in Marcos funds to the coffers of the National Government will help plug the programmed budget deficit of P197 billion this year, Budget and Management Secretary Emilia Boncodin said yesterday.


"Because of the Marcos money, there is a possibility that the programmed budget deficit will improve or be reduced," she said.


With the release, Boncodin said the fund would help finance next year’s budget needs for the Comprehensive Agrarian Reform Program (CARP).


                    [DatePublished] => 2003-07-23 00:00:00
                    [ColumnID] => 133272
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ACTING FINANCE SECRETARY JUANITA AMATONG

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                    [Title] => UN, EC to assist in Mindanao development
                    [Summary] => The United Nations and the European Community (EC) have agreed to assist in the conduct of a needs assessment survey of Mindanao in an effort to rationalize the use of the so-called Peace Fund.
                    [DatePublished] => 2003-12-27 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 232282
                    [Title] => BSP sees peso hitting 56 to $1
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) said yesterday the peso could weaken to as low as 56 to the dollar next year, although monetary officials are still hoping that the currency would swing back to P54 to the dollar depending on the outcome of the elections. 


Revising its macro-economic targets for 2004, the BSP projected the peso-dollar exchange rate to trade within a wide range of P54 to P56 to $1, due to continuing political uncertainties throughout 2004. 


                    [DatePublished] => 2003-12-20 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 230776
                    [Title] => Nov deficit within target — Amatong
                    [Summary] => The Department of Finance (DOF) said the November deficit was within target despite a higher than programmed expenditures level which was offset by increases in revenue collections by the Bureau of Internal Revenue and the Bureau of Customs.
                    [DatePublished] => 2003-12-08 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Des  Ferriols
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                    [Title] => DOF to review past tax amnesty programs
                    [Summary] => The Department of Finance (DOF) is conducting an audit of the past tax amnesty programs implemented by the government to determine if providing amnesty had been successful at any time in the past. 


Acting Finance Secretary Juanita Amatong told reporters that the DOF’s official policy is to support revenue-generating measures in Congress, especially at a time when the government is dealing with a significant budget deficit. 


                    [DatePublished] => 2003-12-07 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 230545
                    [Title] => US, RP ink P75-M debt-for-nature swap
                    [Summary] => The US and Philippine governments have reached an agreement on a  P75-million debt-for-nature swap involving the shift of funds from interest payments on US loans to the Arroyo administration’s Tropical Forest Conservation Program. 


Acting Finance Secretary Juanita Amatong told reporters yesterday that the US government had agreed to waive interest payments on certain US loans to the Philippines and the proceeds would instead be spent on the conservation program.


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                    [Title] => Asean mulls reg’l guarantee facility for sovereign issues
                    [Summary] => Southeast Asian countries plan to put up  a regional guarantee facility for sovereign issues and discussions are ongoing to determine the mechanics that would support the Asian Bond Fund (ABF) through a system of risk-weighting and guarantees.
                    [DatePublished] => 2003-12-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
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                    [ArticleID] => 214646
                    [Title] => Marcos funds to trim budget deficit
                    [Summary] => The release of the $658 million in Marcos funds to the coffers of the National Government will help plug the programmed budget deficit of P197 billion this year, Budget and Management Secretary Emilia Boncodin said yesterday.


"Because of the Marcos money, there is a possibility that the programmed budget deficit will improve or be reduced," she said.


With the release, Boncodin said the fund would help finance next year’s budget needs for the Comprehensive Agrarian Reform Program (CARP).


                    [DatePublished] => 2003-07-23 00:00:00
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abtest

UN, EC to assist in Mindanao development

By Des Ferriols | December 27, 2003 - 12:00am

The United Nations and the European Community (EC) have agreed to assist in the conduct of a needs assessment survey of Mindanao in an effort to rationalize the use of the so-called Peace Fund.

Business

BSP sees peso hitting 56 to $1

By Des Ferriols | December 20, 2003 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) said yesterday the peso could weaken to as low as 56 to the dollar next year, although monetary officials are still hoping that the currency would swing back to P54 to the dollar...

Business

Nov deficit within target — Amatong

By Des Ferriols | December 8, 2003 - 12:00am

The Department of Finance (DOF) said the November deficit was within target despite a higher than programmed expenditures level which was offset by increases in revenue collections by the Bureau of Internal Revenue...

Business

DOF to review past tax amnesty programs

By Des Ferriols | December 7, 2003 - 12:00am

The Department of Finance (DOF) is conducting an audit of the past tax amnesty programs implemented by the government to determine if providing amnesty had been successful at any time in the past. Acting Finance...

Business

US, RP ink P75-M debt-for-nature swap

December 6, 2003 - 12:00am

The US and Philippine governments have reached an agreement on a P75-million debt-for-nature swap involving the shift of funds from interest payments on US loans to the Arroyo administration’s Tropical Forest...

Business

Asean mulls reg’l guarantee facility for sovereign issues

By Des Ferriols | December 2, 2003 - 12:00am

Southeast Asian countries plan to put up a regional guarantee facility for sovereign issues and discussions are ongoing to determine the mechanics that would support the Asian Bond Fund (ABF) through a system of...

Business

Marcos funds to trim budget deficit

July 23, 2003 - 12:00am

The release of the $658 million in Marcos funds to the coffers of the National Government will help plug the programmed budget deficit of P197 billion this year, Budget and Management Secretary Emilia Boncodin said...

Business