+ Follow DEPUTY GOVERNOR ALBERTO REYES Tag
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[ArticleID] => 443497
[Title] => Madness of greed and politics
[Summary] => Amid the din of competing voices over the alleged Legacy scam that led to the closure of 13 rural banks and three pre-need companies, the failure of regulators tends to resonate just as loudly as how the perpetrators actually pulled it off.
[DatePublished] => 2009-02-27 00:00:00
[ColumnID] => 133807
[Focus] => 0
[AuthorID] => 1805279
[AuthorName] => Rey Gamboa
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 274135
[Title] => Exporters, OFWs to benefit from removal of RP from US money-laundering watchlist
[Summary] => Exporters and overseas Filipino workers will benefit from the Philippines’ removal from the United States’ money-laundering watchlist as the move is expected to make investment decisions easier and more positive for Philippine businesses.
The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced earlier this week that it was withdrawing an advisory it had issued against the Philippines in 2000 when the country was first tagged as a money-laundering haven.
[DatePublished] => 2005-04-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
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[2] => Array
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[ArticleID] => 269568
[Title] => CTB urges BSP to lift moratorium
[Summary] => The Chamber of Thrift Banks (CTB), the umbrella organization of the country’s thrift, savings and development banks, is asking the Bangko Sentral ng Pilipinas (BSP) to lift the moratorium on branching for thrift banks in recognition of their pivotal role in lending to the small and medium enterprises (SMEs) sector.
In a letter to BSP Deputy Governor Alberto Reyes, CTB president Benjamin Yambao also requested that branching rules be liberalized for banks that have maintained lending to SMEs equivalent to at least 60 percent of their portfolio for the last two years.
[DatePublished] => 2005-03-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
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[ArticleID] => 264102
[Title] => PDIC takes over First Savings Bank
[Summary] => The Philippine Deposit Insurance Corp. (PDIC) took over yesterday First Savings Bank Inc., a small bank servicing mostly public market vendors and small depositors.
The Bangko Sentral ng Pilipinas (BSP), in its Resolution No. 1265, ordered the bank’s closure and placed it under PDIC receivership due to its inability to pay liabilities as they become due in the ordinary course of business, insufficient realizable assets to cover liabilities and inability to continue its business without involving probable losses to its depositors or creditors.
[DatePublished] => 2004-09-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[ArticleID] => 248969
[Title] => The family council
[Summary] => It looks like Globe Telecom, which is headed by Gerardo Ablaza Jr., is going into direct selling. But just to be on the safe side – and not be accused of pyramiding and other nonsense – Globe has asked the opinion of the Department of Trade and Industry.
[DatePublished] => 2004-05-06 00:00:00
[ColumnID] => 135040
[Focus] => 0
[AuthorID] => 1488513
[AuthorName] => Margaret Jao-Grey
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 245590
[Title] => BSP okays uniform rules for micro-finance projects
[Summary] => The Bangko Sentral ng Pilipinas (BSP) has approved the uniform performance standard for micro-finance projects, aligning non-government organizations (NGOs) with the standards used on banks and quasi-banks.
[DatePublished] => 2004-04-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 245643
[Title] => PNB receives highest Megalink network performance award
[Summary] => The Philippine National Bank (PNB) received the Highest Network Performance Award for 2003 from Megalink, a consortium of 17 commercial banks with a combined network of 1,500 ATMs nationwide, during its 14th anniversary celebration held last March 24.
[DatePublished] => 2004-04-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[7] => Array
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[ArticleID] => 242592
[Title] => BSP raises single borrower’s limit to 25%
[Summary] => The Bangko Sentral ng Pilipinas (BSP) has approved a further relaxation in the banking sector’s single borrower’s limit (SBL), increasing the ceiling from 20 percent to 25 percent of a bank’s net worth.
[DatePublished] => 2004-03-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 240366
[Title] => BSP to further tighten banks’ dollar deals
[Summary] => The Bangko Sentral ng Pilipinas (BSP) plans to further tighten trade-related dollar transactions, warning banks that they could be ordered to cease foreign exchange operations if they fail to cooperate with the examination of their forex transactions.
[DatePublished] => 2004-02-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 237542
[Title] => Peso closes at new record low of 56.20
[Summary] => The peso plumbed new depths against the dollar yesterday due to rising political concerns and low dollar inflows from both foreign investors and overseas Filipino workers (OFWs).
[DatePublished] => 2004-02-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
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)
DEPUTY GOVERNOR ALBERTO REYES
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 443497
[Title] => Madness of greed and politics
[Summary] => Amid the din of competing voices over the alleged Legacy scam that led to the closure of 13 rural banks and three pre-need companies, the failure of regulators tends to resonate just as loudly as how the perpetrators actually pulled it off.
[DatePublished] => 2009-02-27 00:00:00
[ColumnID] => 133807
[Focus] => 0
[AuthorID] => 1805279
[AuthorName] => Rey Gamboa
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 274135
[Title] => Exporters, OFWs to benefit from removal of RP from US money-laundering watchlist
[Summary] => Exporters and overseas Filipino workers will benefit from the Philippines’ removal from the United States’ money-laundering watchlist as the move is expected to make investment decisions easier and more positive for Philippine businesses.
The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced earlier this week that it was withdrawing an advisory it had issued against the Philippines in 2000 when the country was first tagged as a money-laundering haven.
[DatePublished] => 2005-04-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[2] => Array
(
[ArticleID] => 269568
[Title] => CTB urges BSP to lift moratorium
[Summary] => The Chamber of Thrift Banks (CTB), the umbrella organization of the country’s thrift, savings and development banks, is asking the Bangko Sentral ng Pilipinas (BSP) to lift the moratorium on branching for thrift banks in recognition of their pivotal role in lending to the small and medium enterprises (SMEs) sector.
In a letter to BSP Deputy Governor Alberto Reyes, CTB president Benjamin Yambao also requested that branching rules be liberalized for banks that have maintained lending to SMEs equivalent to at least 60 percent of their portfolio for the last two years.
[DatePublished] => 2005-03-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[3] => Array
(
[ArticleID] => 264102
[Title] => PDIC takes over First Savings Bank
[Summary] => The Philippine Deposit Insurance Corp. (PDIC) took over yesterday First Savings Bank Inc., a small bank servicing mostly public market vendors and small depositors.
The Bangko Sentral ng Pilipinas (BSP), in its Resolution No. 1265, ordered the bank’s closure and placed it under PDIC receivership due to its inability to pay liabilities as they become due in the ordinary course of business, insufficient realizable assets to cover liabilities and inability to continue its business without involving probable losses to its depositors or creditors.
[DatePublished] => 2004-09-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 248969
[Title] => The family council
[Summary] => It looks like Globe Telecom, which is headed by Gerardo Ablaza Jr., is going into direct selling. But just to be on the safe side – and not be accused of pyramiding and other nonsense – Globe has asked the opinion of the Department of Trade and Industry.
[DatePublished] => 2004-05-06 00:00:00
[ColumnID] => 135040
[Focus] => 0
[AuthorID] => 1488513
[AuthorName] => Margaret Jao-Grey
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 245590
[Title] => BSP okays uniform rules for micro-finance projects
[Summary] => The Bangko Sentral ng Pilipinas (BSP) has approved the uniform performance standard for micro-finance projects, aligning non-government organizations (NGOs) with the standards used on banks and quasi-banks.
[DatePublished] => 2004-04-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 245643
[Title] => PNB receives highest Megalink network performance award
[Summary] => The Philippine National Bank (PNB) received the Highest Network Performance Award for 2003 from Megalink, a consortium of 17 commercial banks with a combined network of 1,500 ATMs nationwide, during its 14th anniversary celebration held last March 24.
[DatePublished] => 2004-04-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 242592
[Title] => BSP raises single borrower’s limit to 25%
[Summary] => The Bangko Sentral ng Pilipinas (BSP) has approved a further relaxation in the banking sector’s single borrower’s limit (SBL), increasing the ceiling from 20 percent to 25 percent of a bank’s net worth.
[DatePublished] => 2004-03-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 240366
[Title] => BSP to further tighten banks’ dollar deals
[Summary] => The Bangko Sentral ng Pilipinas (BSP) plans to further tighten trade-related dollar transactions, warning banks that they could be ordered to cease foreign exchange operations if they fail to cooperate with the examination of their forex transactions.
[DatePublished] => 2004-02-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 237542
[Title] => Peso closes at new record low of 56.20
[Summary] => The peso plumbed new depths against the dollar yesterday due to rising political concerns and low dollar inflows from both foreign investors and overseas Filipino workers (OFWs).
[DatePublished] => 2004-02-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
September 9, 2004 - 12:00am
