+ Follow DEPUTY GOVERNOR AMANDO TETANGCO Tag
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[ArticleID] => 281400
[Title] => Hot money inflows hit $1.8B in January-May
[Summary] => Inflows of foreign hot money hit $1.8 billion in the first five months of the year, more than 18 times the inflows recorded over the same period last year, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend.
On a month-on-month basis, however, net portfolio inflows plunged to $98.7 million in May from a high of $297 million in April.
The BSP said the five-month net inflow was already 3.7 times more than the total net inflow for the whole of 2004 despite the decline since March when total net inflows peaked at $562 million.
[DatePublished] => 2005-06-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 276432
[Title] => Peso improves vs dollar on OFW inflows
[Summary] => The peso broke past the 53 to $1 level yesterday as remittances from overseas workers buoyed the local currency which closed at 53.96 to the dollar.
The Bangko Sentral ng Pilipinas (BSP) said the strong performance of the peso resulted from the surge in dollar inflows from overseas Filipino workers (OFWs) ahead of the enrollment season for the next school year.
OFW remittances are expected to continue lifting up the peso this month until school reopens in June, providing additional impetus to the already optimistic market.
[DatePublished] => 2005-05-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 276346
[Title] => BSP sees no need to follow US Fed in raising rates
[Summary] => The Bangko Sentral ng Pilipinas (BSP) said it may not be necessary to raise its interest rates today, despite the continued rise in US interest rates.
The Monetary Board (MB) of the BSP will convene today for its monthly policy-setting meeting, the first time it will meet after raising its policy rates by 25 basis points last month.
BSP Deputy Governor Amando Tetangco said yesterday that the FOMC action was widely expected since the US Fed has been announcing its plan for a calibrated increase in interest rates for the last few months.
[DatePublished] => 2005-05-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 275825
[Title] => BSP ups 2005 inflation target
[Summary] => The Bangko Sentral ng Pilipinas (BSP) raised yesterday its forecast for inflation this year and said a possible national wage rise and a sharp increase in transport fares could prompt a policy response.
High energy costs, and the possible wage and transport rise meant average prices in 2005 are expected to be seven percent to 7.3 percent higher than last year, up from an earlier forecast of 6.8 percent to seven percent, Assistant BSP Governor Diwa Guinigundo said.
The inflation rate in 2004 was six percent.
[DatePublished] => 2005-04-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 275313
[Title] => T-bill rates down across the board
[Summary] => Interest rates on government Treasury bills (T-bills) dropped across the board yesterday as the market expects some let-up in government borrowing.
The market opened yesterday with news that the power rate of the National Power Corp. (Napocor) has been adjusted by another 48 centavos on top of the 98 centavos approved by the Energy Regulatory Commission (ERC) last year.
[DatePublished] => 2005-04-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 275350
[Title] => BSP says text messages vs RCBC have no basis
[Summary] => The Bangko Sentral ng Pilipinas (BSP) issued a public warning yesterday against text messages urging bank depositors to take their money out of Yuchengco-owned Rizal Commercial Banking Corp. (RCBC).
The text messages have been circulating since last week, supposedly warning that RCBC was having financial troubles due to the collapse of Pacific Plans Inc., the pre-need company also owned by the Yuchengcos.
BSP Deputy Governor Amando Tetangco said the text messages have reached even central bank officials.
[DatePublished] => 2005-04-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 274571
[Title] => RP to remain in CalPERS invesment list
[Summary] => The California Public Employees Retirement Systems (CalPERS), the biggest pension fund in the US, announced yesterday that the Philippines will remain in its investment portfolio.
CalPERS decision was based on the report from its consultant, Wilshire Associates which retained its rating on the Philippines, allowing the fund to retain the country in its list of "permissible emerging equity markets."
[DatePublished] => 2005-04-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 274347
[Title] => BSP may ease branching rules for well-run banks
[Summary] => The Bangko Sentral ng Pilipinas (BSP) is considering the possibility of waiving its bank-branching restrictions but only for well-run banks that comply with its regulations as well as international best practices.
As the BSP leads banks towards full compliance with international banking standards and requirements, regulators said banking will be much easier and possibly more lucrative for well-run banks.
[DatePublished] => 2005-04-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 274366
[Title] => BSP okays $84-M loan to fund purchase of NHMFC NPLs
[Summary] => The Bangko Sentral ng Pilipinas (BSP) has approved in principle an $84-million loan for a special purpose vehicle that would acquire non-performing housing loans from the National Home Mortgate and Finance Corp. (NHMFC).
The Monetary Board approved the loan that would come from the Asian Development Bank (ADB), the International Finance Corp. (IFC) and the real estate arm of Deutsche Bank which would pool the fund together for Balikatan Housing Corp., an SPV created for the purpose.
[DatePublished] => 2005-04-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 272840
[Title] => Inflation stays steady at 8.5% in March
[Summary] => Consumer prices, stoked by rocketing costs of oil, rose 8.5 percent in March, the same as February and in line with official and analysts’ forecasts, the National Statistics Office (NSO) reported yesterday.
While at the top end of the Bangko Sentral ng Pilipinas (BSP) forecast range, economists said the slower pace of increases in prices of food, beverages, tobacco, fuel and water meant the BSP had room to leave rates unchanged at Thursday’s meeting.
[DatePublished] => 2005-04-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
DEPUTY GOVERNOR AMANDO TETANGCO
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 281400
[Title] => Hot money inflows hit $1.8B in January-May
[Summary] => Inflows of foreign hot money hit $1.8 billion in the first five months of the year, more than 18 times the inflows recorded over the same period last year, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend.
On a month-on-month basis, however, net portfolio inflows plunged to $98.7 million in May from a high of $297 million in April.
The BSP said the five-month net inflow was already 3.7 times more than the total net inflow for the whole of 2004 despite the decline since March when total net inflows peaked at $562 million.
[DatePublished] => 2005-06-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 276432
[Title] => Peso improves vs dollar on OFW inflows
[Summary] => The peso broke past the 53 to $1 level yesterday as remittances from overseas workers buoyed the local currency which closed at 53.96 to the dollar.
The Bangko Sentral ng Pilipinas (BSP) said the strong performance of the peso resulted from the surge in dollar inflows from overseas Filipino workers (OFWs) ahead of the enrollment season for the next school year.
OFW remittances are expected to continue lifting up the peso this month until school reopens in June, providing additional impetus to the already optimistic market.
[DatePublished] => 2005-05-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 276346
[Title] => BSP sees no need to follow US Fed in raising rates
[Summary] => The Bangko Sentral ng Pilipinas (BSP) said it may not be necessary to raise its interest rates today, despite the continued rise in US interest rates.
The Monetary Board (MB) of the BSP will convene today for its monthly policy-setting meeting, the first time it will meet after raising its policy rates by 25 basis points last month.
BSP Deputy Governor Amando Tetangco said yesterday that the FOMC action was widely expected since the US Fed has been announcing its plan for a calibrated increase in interest rates for the last few months.
[DatePublished] => 2005-05-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 275825
[Title] => BSP ups 2005 inflation target
[Summary] => The Bangko Sentral ng Pilipinas (BSP) raised yesterday its forecast for inflation this year and said a possible national wage rise and a sharp increase in transport fares could prompt a policy response.
High energy costs, and the possible wage and transport rise meant average prices in 2005 are expected to be seven percent to 7.3 percent higher than last year, up from an earlier forecast of 6.8 percent to seven percent, Assistant BSP Governor Diwa Guinigundo said.
The inflation rate in 2004 was six percent.
[DatePublished] => 2005-04-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 275313
[Title] => T-bill rates down across the board
[Summary] => Interest rates on government Treasury bills (T-bills) dropped across the board yesterday as the market expects some let-up in government borrowing.
The market opened yesterday with news that the power rate of the National Power Corp. (Napocor) has been adjusted by another 48 centavos on top of the 98 centavos approved by the Energy Regulatory Commission (ERC) last year.
[DatePublished] => 2005-04-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 275350
[Title] => BSP says text messages vs RCBC have no basis
[Summary] => The Bangko Sentral ng Pilipinas (BSP) issued a public warning yesterday against text messages urging bank depositors to take their money out of Yuchengco-owned Rizal Commercial Banking Corp. (RCBC).
The text messages have been circulating since last week, supposedly warning that RCBC was having financial troubles due to the collapse of Pacific Plans Inc., the pre-need company also owned by the Yuchengcos.
BSP Deputy Governor Amando Tetangco said the text messages have reached even central bank officials.
[DatePublished] => 2005-04-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 274571
[Title] => RP to remain in CalPERS invesment list
[Summary] => The California Public Employees Retirement Systems (CalPERS), the biggest pension fund in the US, announced yesterday that the Philippines will remain in its investment portfolio.
CalPERS decision was based on the report from its consultant, Wilshire Associates which retained its rating on the Philippines, allowing the fund to retain the country in its list of "permissible emerging equity markets."
[DatePublished] => 2005-04-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 274347
[Title] => BSP may ease branching rules for well-run banks
[Summary] => The Bangko Sentral ng Pilipinas (BSP) is considering the possibility of waiving its bank-branching restrictions but only for well-run banks that comply with its regulations as well as international best practices.
As the BSP leads banks towards full compliance with international banking standards and requirements, regulators said banking will be much easier and possibly more lucrative for well-run banks.
[DatePublished] => 2005-04-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 274366
[Title] => BSP okays $84-M loan to fund purchase of NHMFC NPLs
[Summary] => The Bangko Sentral ng Pilipinas (BSP) has approved in principle an $84-million loan for a special purpose vehicle that would acquire non-performing housing loans from the National Home Mortgate and Finance Corp. (NHMFC).
The Monetary Board approved the loan that would come from the Asian Development Bank (ADB), the International Finance Corp. (IFC) and the real estate arm of Deutsche Bank which would pool the fund together for Balikatan Housing Corp., an SPV created for the purpose.
[DatePublished] => 2005-04-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 272840
[Title] => Inflation stays steady at 8.5% in March
[Summary] => Consumer prices, stoked by rocketing costs of oil, rose 8.5 percent in March, the same as February and in line with official and analysts’ forecasts, the National Statistics Office (NSO) reported yesterday.
While at the top end of the Bangko Sentral ng Pilipinas (BSP) forecast range, economists said the slower pace of increases in prices of food, beverages, tobacco, fuel and water meant the BSP had room to leave rates unchanged at Thursday’s meeting.
[DatePublished] => 2005-04-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
