^
+ Follow FINANCE UNDERSECRETARY JOEL BANARES Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 98051
                    [Title] => NG to issue P20-B bonds to pump-prime economy
                    [Summary] => The National Government plans to borrow up to P20 billion next year through a bond offering in its efforts to pump-prime the economy, it was announced yesterday by Finance Secretary Jose T. Pardo who said that the planned bond offering will be similar to that of the Economic Recovery Agricultural Production (ERAP) bonds.


Pardo, however, said that, unlike the ERAP bonds, the new bond offering will not be used to finance government’s agricultural projects, but would likely be used for lending to the housing and construction sector.
[DatePublished] => 2000-11-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 98009 [Title] => BTr to auction 25-yr T-bonds [Summary] => The Bureau of Treasury (Btr) decided yesterday to auction off its planned 25-year peso-denominated Treasury-bond (T-bond) offering, instead of putting it in a private placement, to allow everybody to participate and bid for the P2-billion offering.

This was announced yesterday by Deputy Treasurer Eduardo Mendiola who explained that the planned 25-year bond offering was supposed to be put in a private placement with HSBC and Banco de Oro as lead arrangers.
[DatePublished] => 2000-11-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 101084 [Title] => Foreign investors worried over reforms in RP [Summary] =>

The government must ensure the passage of the promised reforms in the capital markets and power sector if it wants to tap the international capital markets again this year.

Finance Undersecretary Joel Banares, who has just returned after successfully conducting a roadshow of the government's recent $1.6 billion Global bond offering, warned that "foreign investors are very concerned about the promised reforms."

"If we don't (pass the reforms), we lose our credibility and it is so hard to go back," Banares said, adding that "if the government loses its credibility by no [DatePublished] => 2000-03-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 101004 [Title] => PSE fallout hurts $1.2-B Global bond float [Summary] =>

The Philippine Stock Exchange (PSE) may have been able to open for trading yesterday, but damage has already been inflicted on the government's planned $1.2-billion Global bond offering.

This was admitted yesterday by both Finance Secretary Jose T. Pardo and Bangko Sentral ng Pilipinas (BSP) Gov. Rafael B. [DatePublished] => 2000-03-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 100707 [Title] => Lucio Tan tightens hold on PNB board [Summary] =>

Business tycoon Lucio Tan is reportedly consolidating his hold on the board of Philippine National Bank.

Highly placed banking sources said Tan's brother, Mariano Tanenglian, will soon replace Malacanang's nominee Gregorio Santayana in the PNB board.

Tanenglian's entry into the PNB board is expected to be announced during the PNB board meeting at the end of this week.

Sources said Tan now virtually runs PNB, holding office at the PNB head office Complex daily.

Tan plans to acquire government's remaining 30 percent stake in PNB.

They also said Tan is reviewing the [DatePublished] => 2000-02-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 101474 [Title] => Funding agencies withhold loans for RP [Summary] =>

Finance Secretary Jose T. [DatePublished] => 2000-01-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )

FINANCE UNDERSECRETARY JOEL BANARES
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 98051
                    [Title] => NG to issue P20-B bonds to pump-prime economy
                    [Summary] => The National Government plans to borrow up to P20 billion next year through a bond offering in its efforts to pump-prime the economy, it was announced yesterday by Finance Secretary Jose T. Pardo who said that the planned bond offering will be similar to that of the Economic Recovery Agricultural Production (ERAP) bonds.


Pardo, however, said that, unlike the ERAP bonds, the new bond offering will not be used to finance government’s agricultural projects, but would likely be used for lending to the housing and construction sector.
[DatePublished] => 2000-11-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 98009 [Title] => BTr to auction 25-yr T-bonds [Summary] => The Bureau of Treasury (Btr) decided yesterday to auction off its planned 25-year peso-denominated Treasury-bond (T-bond) offering, instead of putting it in a private placement, to allow everybody to participate and bid for the P2-billion offering.

This was announced yesterday by Deputy Treasurer Eduardo Mendiola who explained that the planned 25-year bond offering was supposed to be put in a private placement with HSBC and Banco de Oro as lead arrangers.
[DatePublished] => 2000-11-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 101084 [Title] => Foreign investors worried over reforms in RP [Summary] =>

The government must ensure the passage of the promised reforms in the capital markets and power sector if it wants to tap the international capital markets again this year.

Finance Undersecretary Joel Banares, who has just returned after successfully conducting a roadshow of the government's recent $1.6 billion Global bond offering, warned that "foreign investors are very concerned about the promised reforms."

"If we don't (pass the reforms), we lose our credibility and it is so hard to go back," Banares said, adding that "if the government loses its credibility by no [DatePublished] => 2000-03-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 101004 [Title] => PSE fallout hurts $1.2-B Global bond float [Summary] =>

The Philippine Stock Exchange (PSE) may have been able to open for trading yesterday, but damage has already been inflicted on the government's planned $1.2-billion Global bond offering.

This was admitted yesterday by both Finance Secretary Jose T. Pardo and Bangko Sentral ng Pilipinas (BSP) Gov. Rafael B. [DatePublished] => 2000-03-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 100707 [Title] => Lucio Tan tightens hold on PNB board [Summary] =>

Business tycoon Lucio Tan is reportedly consolidating his hold on the board of Philippine National Bank.

Highly placed banking sources said Tan's brother, Mariano Tanenglian, will soon replace Malacanang's nominee Gregorio Santayana in the PNB board.

Tanenglian's entry into the PNB board is expected to be announced during the PNB board meeting at the end of this week.

Sources said Tan now virtually runs PNB, holding office at the PNB head office Complex daily.

Tan plans to acquire government's remaining 30 percent stake in PNB.

They also said Tan is reviewing the [DatePublished] => 2000-02-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 101474 [Title] => Funding agencies withhold loans for RP [Summary] =>

Finance Secretary Jose T. [DatePublished] => 2000-01-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )

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