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                    [ArticleID] => 2279112
                    [Title] => BSP launches overnight reference rate as world drops LIBOR
                    [Summary] => The LIBOR lost its luster in recent years, since figuring in a scandal in 2012. Back then, some banks manipulated the LIBOR to amass larger profits. This incident smeared the integrity of the benchmark interest rate.
                    [DatePublished] => 2023-07-06 10:59:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => https://media.philstar.com/photos/2023/06/28/bsp-main-office_2023-06-28_13-05-10574_thumbnail.jpg
                )

            [1] => Array
                (
                    [ArticleID] => 1417284
                    [Title] => Locals cry for road access
                    [Summary] => 
Residents in Sitio San Jose, Barangay San Isidro, San Fernando town are now up in arms against a construction firm owner who reportedly closed their emergency access road.

                    [DatePublished] => 2015-01-27 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Freeman Metro Cebu
                    [SectionUrl] => metro-cebu
                    [URL] => 
                )

            [2] => Array
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                    [ArticleID] => 887163
                    [Title] => Libor scandal rocks banking world
                    [Summary] => 
Scandals involving major financial institutions continue to rock the banking world, the latest of which involves UBS that is being accused of manipulating London interbank offered rates or Libor. Libor, extensively used by banks all over the world particularly in the US and Europe, is the benchmark for determining average interest rates on virtually everything from home loans to credit cards to pension funds and municipal bonds.

                    [DatePublished] => 2012-12-18 00:00:00
                    [ColumnID] => 135726
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [3] => Array
                (
                    [ArticleID] => 833789
                    [Title] => Deutsche Bank to cut 1,900 jobs as profits drop
                    [Summary] => 
Deutsche Bank said yesterday it plans to cut  about 1,900 jobs, most of them outside Germany, as Europe's debt crisis  hurt profits at its investment banking business.
                    [DatePublished] => 2012-08-01 06:06:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => 
                    [SectionUrl] => 
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 573430
                    [Title] => Stock market expected to remain listless this week
                    [Summary] => 
Given persistent concerns over Europe’s debt crisis and the Presidential elections, the local stock market is expected to extend a listless sort of week as investors take a wait-and-see-stance in terms of the right investment timing.
                    [DatePublished] => 2010-05-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
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                    [ArticleID] => 534464
                    [Title] => Monetary Board okays $225-million ADB loan
                    [Summary] => 
The Monetary Board (MB) has approved the government’s $225-million program loan from the Asian Development Bank (ADB), Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said.
                    [DatePublished] => 2009-12-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 514962
                    [Title] => Three injured in separate incidents
                    [Summary] => 
Three men, including two minors, were injured after they figured in separate shooting and mauling incidents dawn yesterday and evening last Friday.
                    [DatePublished] => 2009-10-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Cebu News
                    [SectionUrl] => cebu-news
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 408164
                    [Title] => GLOBAL NEWS: US stocks gain as credit markets show signs of easing
                    [Summary] => 
NEW YORK (AP) – Wall Street turned sharply higher yesterday as strains in the credit markets...
                    [DatePublished] => 2008-10-18 02:07:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => 
                    [SectionUrl] => 
                    [URL] => 
                )

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                    [ArticleID] => 384461
                    [Title] => ADB extends $250-M loan to RP
                    [Summary] => 





The Asian Development Bank (ADB) has extended a $250 million loan to the Philippines for the implementation of reforms aimed at improving the investment climate, better manage the country’s finances, and help enhance economic growth.


The loan facility carries a 15-year term, including a grace period of three years, with interest determined by the ADB’s Libor-based lending window.


                    [DatePublished] => 2007-02-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 317099
                    [Title] => ADB cuts lending rates
                    [Summary] => The Asian Development Bank (ADB) has reduced lending rates for both its US dollar and Japanese yen single currency pool-based loans.


From January to end June 2006, the lending rate for US dollar pool-based loans will decrease from 6.14 percent to 5.94. 


This reflects the average cost of borrowings - 5.54 percent per annum from July to December 2005 plus a spread of 0.40 percent per annum (this represents a lending spread of 0.60 percent points less a waiver of 0.20 percent).


                    [DatePublished] => 2006-01-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

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)

libor

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                    [ArticleID] => 2279112
                    [Title] => BSP launches overnight reference rate as world drops LIBOR
                    [Summary] => The LIBOR lost its luster in recent years, since figuring in a scandal in 2012. Back then, some banks manipulated the LIBOR to amass larger profits. This incident smeared the integrity of the benchmark interest rate.
                    [DatePublished] => 2023-07-06 10:59:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => https://media.philstar.com/photos/2023/06/28/bsp-main-office_2023-06-28_13-05-10574_thumbnail.jpg
                )

            [1] => Array
                (
                    [ArticleID] => 1417284
                    [Title] => Locals cry for road access
                    [Summary] => 
Residents in Sitio San Jose, Barangay San Isidro, San Fernando town are now up in arms against a construction firm owner who reportedly closed their emergency access road.

                    [DatePublished] => 2015-01-27 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Freeman Metro Cebu
                    [SectionUrl] => metro-cebu
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 887163
                    [Title] => Libor scandal rocks banking world
                    [Summary] => 
Scandals involving major financial institutions continue to rock the banking world, the latest of which involves UBS that is being accused of manipulating London interbank offered rates or Libor. Libor, extensively used by banks all over the world particularly in the US and Europe, is the benchmark for determining average interest rates on virtually everything from home loans to credit cards to pension funds and municipal bonds.

                    [DatePublished] => 2012-12-18 00:00:00
                    [ColumnID] => 135726
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 833789
                    [Title] => Deutsche Bank to cut 1,900 jobs as profits drop
                    [Summary] => 
Deutsche Bank said yesterday it plans to cut  about 1,900 jobs, most of them outside Germany, as Europe's debt crisis  hurt profits at its investment banking business.
                    [DatePublished] => 2012-08-01 06:06:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => 
                    [SectionUrl] => 
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 573430
                    [Title] => Stock market expected to remain listless this week
                    [Summary] => 
Given persistent concerns over Europe’s debt crisis and the Presidential elections, the local stock market is expected to extend a listless sort of week as investors take a wait-and-see-stance in terms of the right investment timing.
                    [DatePublished] => 2010-05-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 534464
                    [Title] => Monetary Board okays $225-million ADB loan
                    [Summary] => 
The Monetary Board (MB) has approved the government’s $225-million program loan from the Asian Development Bank (ADB), Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said.
                    [DatePublished] => 2009-12-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 514962
                    [Title] => Three injured in separate incidents
                    [Summary] => 
Three men, including two minors, were injured after they figured in separate shooting and mauling incidents dawn yesterday and evening last Friday.
                    [DatePublished] => 2009-10-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Cebu News
                    [SectionUrl] => cebu-news
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 408164
                    [Title] => GLOBAL NEWS: US stocks gain as credit markets show signs of easing
                    [Summary] => 
NEW YORK (AP) – Wall Street turned sharply higher yesterday as strains in the credit markets...
                    [DatePublished] => 2008-10-18 02:07:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => 
                    [SectionUrl] => 
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 384461
                    [Title] => ADB extends $250-M loan to RP
                    [Summary] => 





The Asian Development Bank (ADB) has extended a $250 million loan to the Philippines for the implementation of reforms aimed at improving the investment climate, better manage the country’s finances, and help enhance economic growth.


The loan facility carries a 15-year term, including a grace period of three years, with interest determined by the ADB’s Libor-based lending window.


                    [DatePublished] => 2007-02-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 317099
                    [Title] => ADB cuts lending rates
                    [Summary] => The Asian Development Bank (ADB) has reduced lending rates for both its US dollar and Japanese yen single currency pool-based loans.


From January to end June 2006, the lending rate for US dollar pool-based loans will decrease from 6.14 percent to 5.94. 


This reflects the average cost of borrowings - 5.54 percent per annum from July to December 2005 plus a spread of 0.40 percent per annum (this represents a lending spread of 0.60 percent points less a waiver of 0.20 percent).


                    [DatePublished] => 2006-01-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

        )

)

abtest

BSP launches overnight reference rate as world drops LIBOR

July 6, 2023 - 10:59am

The LIBOR lost its luster in recent years, since figuring in a scandal in 2012. Back then, some banks manipulated the LIBOR...

Banking

Locals cry for road access

January 27, 2015 - 12:00am

Residents in Sitio San Jose, Barangay San Isidro, San Fernando town are now up in arms against a construction firm owner who reportedly closed their emergency access road.

Freeman Metro Cebu

Libor scandal rocks banking world

December 18, 2012 - 12:00am

Scandals involving major financial institutions continue to rock the banking world, the latest of which involves UBS that is being accused of manipulating London interbank offered rates or Libor. Libor, extensively...

Business

Deutsche Bank to cut 1,900 jobs as profits drop

August 1, 2012 - 6:06am

Deutsche Bank said yesterday it plans to cut about 1,900 jobs, most of them outside Germany, as Europe's debt crisis hurt profits at its investment banking business.

Stock market expected to remain listless this week

By Zinnia B. Dela Peña | May 10, 2010 - 12:00am

Given persistent concerns over Europe’s debt crisis and the Presidential elections, the local stock market is expected to extend a listless sort of week as investors take a wait-and-see-stance in terms of the...

Business

Monetary Board okays $225-million ADB loan

By Lawrence Agcaoili | December 22, 2009 - 12:00am

The Monetary Board (MB) has approved the government’s $225-million program loan from the Asian Development Bank (ADB), Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said.

Business

Three injured in separate incidents

October 18, 2009 - 12:00am

Three men, including two minors, were injured after they figured in separate shooting and mauling incidents dawn yesterday and evening last Friday.

Cebu News

GLOBAL NEWS: US stocks gain as credit markets show signs of easing

October 18, 2008 - 2:07am

NEW YORK (AP) – Wall Street turned sharply higher yesterday as strains in the credit markets...

ADB extends $250-M loan to RP

By Ted P. Torres | February 11, 2007 - 12:00am

The Asian Development Bank (ADB) has extended a $250 million loan to the Philippines for the implementation of reforms aimed at improving the investment climate, better manage the country’s...

Business

ADB cuts lending rates

January 17, 2006 - 12:00am

The Asian Development Bank (ADB) has reduced lending rates for both its US dollar and Japanese yen single currency pool-based loans. From January to end June 2006, the lending rate for US dollar pool-based loans...

Banking