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                    [ArticleID] => 579347
                    [Title] => My friend from the Middle East
                    [Summary] => 
Last week, my friend Lebanese journalist Baria Alamuddin, foreign editor of highly regarded Al-Hayat, was in Manila to interview President GMA.
                    [DatePublished] => 2010-05-30 00:00:00
                    [ColumnID] => 134199
                    [Focus] => 0
                    [AuthorID] => 1804784
                    [AuthorName] => Carmen N. Pedrosa
                    [SectionName] => Opinion
                    [SectionUrl] => opinion
                    [URL] => 
                )

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                    [ArticleID] => 415798
                    [Title] => Over 40 congressmen joining GMA in Peru
                    [Summary] => 
More than 40 members of the House of Representatives want to join President Arroyo’s trip to Peru this weekend despite the fact that Congress is in session.
                    [DatePublished] => 2008-11-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097047
                    [AuthorName] =>  Jess Diaz
                    [SectionName] => News Commentary
                    [SectionUrl] => news-commentary
                    [URL] => http://img99.imageshack.us/img99/299/sfthumbro8.jpg
                )

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                    [ArticleID] => 346926
                    [Title] => IMF to launch new lending instrument
                    [Summary] => The International Monetary Fund (IMF) is developing a new lending instrument specifically for emerging markets that have strong fundamentals but remain vulnerable to shocks.


Faced with criticisms about its increasing irrelevance, the IMF said it is considering a host of changes that would make the Fund more responsive to the need of its members, particularly the most vulnerable ones.


                    [DatePublished] => 2006-07-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 335577
                    [Title] => IMF extends currency swap facility
                    [Summary] => Countries not under any program of the International Monetary Fund(IMF) can now access up to 20 percent of their currency swap facilities should they need balance of payment (BOP) or liquidity support.


The increase in the ceiling was approved by finance ministers of the Association of Southeast Asian Nations (ASEAN) in India as monetary officials said this would enable the swap facility to yield more than it would under the Chang Mai Initiative.


                    [DatePublished] => 2006-05-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 309175
                    [Title] => BSP warns vs protectionist  response to China, India
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has warned economic policy makers against a protectionist response to counter the combined economic force of China and India, saying that integration would present more opportunities.


BSP Governor Amando M. Tetangco Jr. told the Federation of Asean Economic Associations over the weekend that policy response in the wake of the economic expansion of China and India should take advantage of the two countries as markets instead of competitors.


                    [DatePublished] => 2005-11-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 219169
                    [Title] => RP, China sign $1-billion currency swap scheme
                    [Summary] => The Philippines and China have signed a $1-billion bilateral currency swap that would enable the Philippines to avail up to 10 percent of the facility under the Chang Mai Initiative.
                    [DatePublished] => 2003-08-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 208614
                    [Title] => RP backs $1-B Asian Bond Fund
                    [Summary] => Asian central banks announced yesterday the creation of the $1-billion Asian Bond Fund (ABF)  backed by 11 Asian economies which will focus on investing in regional government bonds.
                    [DatePublished] => 2003-06-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 196875
                    [Title] => $1-B RP-China currency swap to be completed in first half
                    [Summary] => The $1 billion bilateral currency swap between China and the Philippines is expected to be completed during the first semester of the year pending the resolution of the terms of the concessional loans based on the provisions of the so-called Chang Mai Initiative. 


The Bangko Sentral ng Pilipinas (BSP) said the agreement was being finalized and would likely be ready for formal signing sometime during the second quarter of the year. 


                    [DatePublished] => 2003-02-26 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Des  Ferriols
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                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 193984
                    [Title] => IMF monitoring no longer necessary — Buenaventura
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) said it is no longer necessary for the Philippines to go through any post-program monitoring by the International Monetary Fund (IMF) as its borrowing level dipped below its annual contribution to the fund. 


BSP Governor Rafael Buenaventura told reporters that the government does not intend to request for an extension of the IMF’s post program monitoring (PPM) when it expires in September this year. 


                    [DatePublished] => 2003-02-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                (
                    [ArticleID] => 175676
                    [Title] => RP to get $1B via currency swap deals with China, South Korea
                    [Summary] => China and South Korea have agreed to grant $1 billion worth of concessional loans to the Philippines in the form of a currency swap, a scheme developed under the so-called Chang Mai Initiative.


Finance Secretary Jose Isidro Camacho said the deals with China and South Korea, which are both "practically done" will provide the Arroyo administration with standby liquidity.


                    [DatePublished] => 2002-09-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

CHANG MAI INITIATIVE

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                    [ArticleID] => 579347
                    [Title] => My friend from the Middle East
                    [Summary] => 
Last week, my friend Lebanese journalist Baria Alamuddin, foreign editor of highly regarded Al-Hayat, was in Manila to interview President GMA.
                    [DatePublished] => 2010-05-30 00:00:00
                    [ColumnID] => 134199
                    [Focus] => 0
                    [AuthorID] => 1804784
                    [AuthorName] => Carmen N. Pedrosa
                    [SectionName] => Opinion
                    [SectionUrl] => opinion
                    [URL] => 
                )

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                    [ArticleID] => 415798
                    [Title] => Over 40 congressmen joining GMA in Peru
                    [Summary] => 
More than 40 members of the House of Representatives want to join President Arroyo’s trip to Peru this weekend despite the fact that Congress is in session.
                    [DatePublished] => 2008-11-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097047
                    [AuthorName] =>  Jess Diaz
                    [SectionName] => News Commentary
                    [SectionUrl] => news-commentary
                    [URL] => http://img99.imageshack.us/img99/299/sfthumbro8.jpg
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                    [ArticleID] => 346926
                    [Title] => IMF to launch new lending instrument
                    [Summary] => The International Monetary Fund (IMF) is developing a new lending instrument specifically for emerging markets that have strong fundamentals but remain vulnerable to shocks.


Faced with criticisms about its increasing irrelevance, the IMF said it is considering a host of changes that would make the Fund more responsive to the need of its members, particularly the most vulnerable ones.


                    [DatePublished] => 2006-07-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] =>  Des  Ferriols
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                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 335577
                    [Title] => IMF extends currency swap facility
                    [Summary] => Countries not under any program of the International Monetary Fund(IMF) can now access up to 20 percent of their currency swap facilities should they need balance of payment (BOP) or liquidity support.


The increase in the ceiling was approved by finance ministers of the Association of Southeast Asian Nations (ASEAN) in India as monetary officials said this would enable the swap facility to yield more than it would under the Chang Mai Initiative.


                    [DatePublished] => 2006-05-08 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 309175
                    [Title] => BSP warns vs protectionist  response to China, India
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has warned economic policy makers against a protectionist response to counter the combined economic force of China and India, saying that integration would present more opportunities.


BSP Governor Amando M. Tetangco Jr. told the Federation of Asean Economic Associations over the weekend that policy response in the wake of the economic expansion of China and India should take advantage of the two countries as markets instead of competitors.


                    [DatePublished] => 2005-11-28 00:00:00
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                    [AuthorName] =>  Des  Ferriols
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                    [URL] => 
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                    [ArticleID] => 219169
                    [Title] => RP, China sign $1-billion currency swap scheme
                    [Summary] => The Philippines and China have signed a $1-billion bilateral currency swap that would enable the Philippines to avail up to 10 percent of the facility under the Chang Mai Initiative.
                    [DatePublished] => 2003-08-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                    [ArticleID] => 208614
                    [Title] => RP backs $1-B Asian Bond Fund
                    [Summary] => Asian central banks announced yesterday the creation of the $1-billion Asian Bond Fund (ABF)  backed by 11 Asian economies which will focus on investing in regional government bonds.
                    [DatePublished] => 2003-06-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 196875
                    [Title] => $1-B RP-China currency swap to be completed in first half
                    [Summary] => The $1 billion bilateral currency swap between China and the Philippines is expected to be completed during the first semester of the year pending the resolution of the terms of the concessional loans based on the provisions of the so-called Chang Mai Initiative. 


The Bangko Sentral ng Pilipinas (BSP) said the agreement was being finalized and would likely be ready for formal signing sometime during the second quarter of the year. 


                    [DatePublished] => 2003-02-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                    [SectionUrl] => business
                    [URL] => 
                )

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                    [ArticleID] => 193984
                    [Title] => IMF monitoring no longer necessary — Buenaventura
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) said it is no longer necessary for the Philippines to go through any post-program monitoring by the International Monetary Fund (IMF) as its borrowing level dipped below its annual contribution to the fund. 


BSP Governor Rafael Buenaventura told reporters that the government does not intend to request for an extension of the IMF’s post program monitoring (PPM) when it expires in September this year. 


                    [DatePublished] => 2003-02-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 175676
                    [Title] => RP to get $1B via currency swap deals with China, South Korea
                    [Summary] => China and South Korea have agreed to grant $1 billion worth of concessional loans to the Philippines in the form of a currency swap, a scheme developed under the so-called Chang Mai Initiative.


Finance Secretary Jose Isidro Camacho said the deals with China and South Korea, which are both "practically done" will provide the Arroyo administration with standby liquidity.


                    [DatePublished] => 2002-09-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                    [URL] => 
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)

abtest