Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 381470
                    [Title] => Bank lending to grow 10-15% this year — Neri
                    [Summary] => 



Monetary authorities expect bank lending to grow between 10- to-15 percent this year after contracting in the past few years, Socioeconomic Planning Secretary Romulo Neri said. Neri, a member of the Monetary Board (MB), the central bank’s policy making arm, said the implementation of the tiering system and record-low interest rates on government securities will force banks to lend out their money instead of investing in Treasury Bills (T-bills) or depositing funds at the Bangko Sentral ng Pilipinas (BSP). 


                    [DatePublished] => 2007-01-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 369219
                    [Title] => BIR vows higher tax collection
                    [Summary] => The Bureau of Internal Revenue (BIR) has vowed to improve on its tax collection efforts this month after failing to meet its October target.


In a press conference, BIR Commissioner Jose C. Buñag said with a declining interest regime to push up corporate income, the agency could collect more in the coming months.


"It has been indicated in recent weeks by many companies so therefore we hope and expect that the BIR will be able to collect more, particularly in November and maybe partially in December," Buñag said.


                    [DatePublished] => 2006-11-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 328464
                    [Title] => 91-day T-bill rate drops to 4.978%
                    [Summary] => Treasury bill (T-bill) rates went down across the board yesterday as market confidence continued to pick up,  sending the benchmark 91-day T-bill rate  below the five- percent mark for the first time this year at 4.978 percent from the previous rate of 5.017 percent.


Treasury officials said all tenors were over-subscribed, noting a distinct shift from the short-term 91-day T-bills  to longer-tenor 364-day T-bills and the benchmark Treasury bonds.


                    [DatePublished] => 2006-03-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 321651
                    [Title] => Balanced budget achievable, says BTr
                    [Summary] => No matter how well the Bureau of Treasury (BTr) can outperform itself, much less the rest of the government revenue-generating agencies, National Treasurer Omar T. Cruz knows that it is not enough to attain a balanced budget by 2008.


No matter how many times the BTr is named Best Borrower of the Year by The Asset or the most prolific sovereign issuer in the region, it can only contribute a portion of the needed revenues to attain the 2008 target.


                    [DatePublished] => 2006-02-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

        )

)

NATIONAL TREASURER OMAR T

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 381470
                    [Title] => Bank lending to grow 10-15% this year — Neri
                    [Summary] => 



Monetary authorities expect bank lending to grow between 10- to-15 percent this year after contracting in the past few years, Socioeconomic Planning Secretary Romulo Neri said. Neri, a member of the Monetary Board (MB), the central bank’s policy making arm, said the implementation of the tiering system and record-low interest rates on government securities will force banks to lend out their money instead of investing in Treasury Bills (T-bills) or depositing funds at the Bangko Sentral ng Pilipinas (BSP). 


                    [DatePublished] => 2007-01-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 369219
                    [Title] => BIR vows higher tax collection
                    [Summary] => The Bureau of Internal Revenue (BIR) has vowed to improve on its tax collection efforts this month after failing to meet its October target.


In a press conference, BIR Commissioner Jose C. Buñag said with a declining interest regime to push up corporate income, the agency could collect more in the coming months.


"It has been indicated in recent weeks by many companies so therefore we hope and expect that the BIR will be able to collect more, particularly in November and maybe partially in December," Buñag said.


                    [DatePublished] => 2006-11-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 328464
                    [Title] => 91-day T-bill rate drops to 4.978%
                    [Summary] => Treasury bill (T-bill) rates went down across the board yesterday as market confidence continued to pick up,  sending the benchmark 91-day T-bill rate  below the five- percent mark for the first time this year at 4.978 percent from the previous rate of 5.017 percent.


Treasury officials said all tenors were over-subscribed, noting a distinct shift from the short-term 91-day T-bills  to longer-tenor 364-day T-bills and the benchmark Treasury bonds.


                    [DatePublished] => 2006-03-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 321651
                    [Title] => Balanced budget achievable, says BTr
                    [Summary] => No matter how well the Bureau of Treasury (BTr) can outperform itself, much less the rest of the government revenue-generating agencies, National Treasurer Omar T. Cruz knows that it is not enough to attain a balanced budget by 2008.


No matter how many times the BTr is named Best Borrower of the Year by The Asset or the most prolific sovereign issuer in the region, it can only contribute a portion of the needed revenues to attain the 2008 target.


                    [DatePublished] => 2006-02-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

        )

)

abtest

Bank lending to grow 10-15% this year — Neri

By Ma. Elisa Osorio  | January 24, 2007 - 12:00am

Monetary authorities expect bank lending to grow between 10- to-15 percent this year after contracting in the past few years, Socioeconomic Planning Secretary Romulo Neri said. Neri, a member of the Monetary...

Business

BIR vows higher tax collection

By Ma. Elisa Osorio  | November 17, 2006 - 12:00am

The Bureau of Internal Revenue (BIR) has vowed to improve on its tax collection efforts this month after failing to meet its October target. In a press conference, BIR Commissioner Jose C. Buñag said with...

Business

91-day T-bill rate drops to 4.978%

By Des Ferriols | March 28, 2006 - 12:00am

Treasury bill (T-bill) rates went down across the board yesterday as market confidence continued to pick up, sending the benchmark 91-day T-bill rate below the five- percent mark for the first time this year at...

Business

Balanced budget achievable, says BTr

By Ted P. Torres | February 14, 2006 - 12:00am

No matter how well the Bureau of Treasury (BTr) can outperform itself, much less the rest of the government revenue-generating agencies, National Treasurer Omar T. Cruz knows that it is not enough to attain a balanced...

Banking