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                    [ArticleID] => 92539
                    [Title] => BAP leads banks in environmental protection
                    [Summary] => The Bankers Association of the Philippines (BAP) together with the Chamber of Thrift Banks (CTB) and the Rural Bankers Association of the Philippines (RBAP) took a major step in the protection of the environment by launching recently the banking sector’s Joint Statement on the Environment and Sustainable Development.


                    [DatePublished] => 2001-07-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
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                    [ArticleID] => 95696
                    [Title] => BAP leads banks in environmental protection
                    [Summary] => The Bankers Association of the Philippines (BAP) together with the Chamber of Thrift Banks (CTB) and the Rural Bankers Association of the Philippines (RBAP) took a major step in the protection of the environment by launching recently the banking sector’s Joint Statement on the Environment and Sustainable Development.


                    [DatePublished] => 2001-07-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                (
                    [ArticleID] => 97969
                    [Title] => Interest rates will remain high — BAP
                    [Summary] => Bank lending rates, pushed higher by the country’s political crisis, are unlikely to decline quickly even if the crisis is resolved soon, a banking official said yesterday.


Placido Mapa, president of the Bankers’ Association of the Philippines (BAP), said the government’s growing budget deficit will prevent interest rates from returning rapidly to their previous level.


While there has been a slight easing of interest rates, a drop back to 11 percent would "take time ... we have to work on the budget deficit also," Mapa said.


                    [DatePublished] => 2000-11-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 98643
                    [Title] => Government raises P14 B from cash management bills
                    [Summary] => The prime lending rate now hovers at about 20 percent after the Bangko Sentral ng Pilipinas (BSP) and the Bankers Association of the Philippines (BAP) entered into a  "gentleman’s agreement"  to put a  five-percentage point cap on corporate lending rate based on the yield of the 42-day cash management bills  (CMBs).


At yesterday’s offering of CMBs, the 42-day tenor got a rate of 16.0459 percent which effectively set the rate for prime corporate borrowers at  21 percent. 


The rate for the 63-day CMB was recorded at 16.819 percent.


                    [DatePublished] => 2000-10-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [URL] => 
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                    [ArticleID] => 98639
                    [Title] => Paeng, banks reach ‘gentleman’s pact’ on cap on lending rates
                    [Summary] => The Bankers Association of the Philippines (BAP) and the Bangko Sentral ng Pilipinas (BSP) agreed yesterday to enter into a  "gentleman’s agreement"	which would put a five-percentage point cap on corporate lending rate based  on the	yield of the 42-day  cash management bills (CMBs).


This was announced yesterday by BAP president Placido Mapa and BSP Governor Rafael B. Buenaventura following a late afternoon meeting at the Manila Golf Club.


Mapa said the cap  would be  based on  a "realistic" rate for the 42-day CMB.


                    [DatePublished] => 2000-10-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                (
                    [ArticleID] => 99201
                    [Title] => Peso rebounds; BSP won't hike key rates
                    [Summary] => 

The peso  recovered a substantial 68 centavos yesterday, closing at 42.72 from
a near 20-month low of 43.40 to the dollar on Thursday, prompting the Bangko
Sentral ng Pilipinas (BSP) to forego a plan to raise its key interest rates by
another  half a percentage point.

"Notwithstanding the volatility in the foreign exchange market, we decided to
adopt a neutral policy stance for the time being.
                    [DatePublished] => 2000-05-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1197311
                    [AuthorName] => by Jun Ebias
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

PLACIDO MAPA

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                    [ArticleID] => 92539
                    [Title] => BAP leads banks in environmental protection
                    [Summary] => The Bankers Association of the Philippines (BAP) together with the Chamber of Thrift Banks (CTB) and the Rural Bankers Association of the Philippines (RBAP) took a major step in the protection of the environment by launching recently the banking sector’s Joint Statement on the Environment and Sustainable Development.


                    [DatePublished] => 2001-07-08 00:00:00
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                    [ArticleID] => 95696
                    [Title] => BAP leads banks in environmental protection
                    [Summary] => The Bankers Association of the Philippines (BAP) together with the Chamber of Thrift Banks (CTB) and the Rural Bankers Association of the Philippines (RBAP) took a major step in the protection of the environment by launching recently the banking sector’s Joint Statement on the Environment and Sustainable Development.


                    [DatePublished] => 2001-07-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
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                    [URL] => 
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                (
                    [ArticleID] => 97969
                    [Title] => Interest rates will remain high — BAP
                    [Summary] => Bank lending rates, pushed higher by the country’s political crisis, are unlikely to decline quickly even if the crisis is resolved soon, a banking official said yesterday.


Placido Mapa, president of the Bankers’ Association of the Philippines (BAP), said the government’s growing budget deficit will prevent interest rates from returning rapidly to their previous level.


While there has been a slight easing of interest rates, a drop back to 11 percent would "take time ... we have to work on the budget deficit also," Mapa said.


                    [DatePublished] => 2000-11-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 98643
                    [Title] => Government raises P14 B from cash management bills
                    [Summary] => The prime lending rate now hovers at about 20 percent after the Bangko Sentral ng Pilipinas (BSP) and the Bankers Association of the Philippines (BAP) entered into a  "gentleman’s agreement"  to put a  five-percentage point cap on corporate lending rate based on the yield of the 42-day cash management bills  (CMBs).


At yesterday’s offering of CMBs, the 42-day tenor got a rate of 16.0459 percent which effectively set the rate for prime corporate borrowers at  21 percent. 


The rate for the 63-day CMB was recorded at 16.819 percent.


                    [DatePublished] => 2000-10-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 98639
                    [Title] => Paeng, banks reach ‘gentleman’s pact’ on cap on lending rates
                    [Summary] => The Bankers Association of the Philippines (BAP) and the Bangko Sentral ng Pilipinas (BSP) agreed yesterday to enter into a  "gentleman’s agreement"	which would put a five-percentage point cap on corporate lending rate based  on the	yield of the 42-day  cash management bills (CMBs).


This was announced yesterday by BAP president Placido Mapa and BSP Governor Rafael B. Buenaventura following a late afternoon meeting at the Manila Golf Club.


Mapa said the cap  would be  based on  a "realistic" rate for the 42-day CMB.


                    [DatePublished] => 2000-10-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 99201
                    [Title] => Peso rebounds; BSP won't hike key rates
                    [Summary] => 

The peso  recovered a substantial 68 centavos yesterday, closing at 42.72 from
a near 20-month low of 43.40 to the dollar on Thursday, prompting the Bangko
Sentral ng Pilipinas (BSP) to forego a plan to raise its key interest rates by
another  half a percentage point.

"Notwithstanding the volatility in the foreign exchange market, we decided to
adopt a neutral policy stance for the time being.
                    [DatePublished] => 2000-05-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1197311
                    [AuthorName] => by Jun Ebias
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

BAP leads banks in environmental protection

July 8, 2001 - 12:00am

The Bankers Association of the Philippines (BAP) together with the Chamber of Thrift Banks (CTB) and the Rural Bankers Association of the Philippines (RBAP) took a major step in the protection of the environment...

Business

BAP leads banks in environmental protection

July 8, 2001 - 12:00am

The Bankers Association of the Philippines (BAP) together with the Chamber of Thrift Banks (CTB) and the Rural Bankers Association of the Philippines (RBAP) took a major step in the protection of the environment...

Business

Interest rates will remain high — BAP

November 21, 2000 - 12:00am

Bank lending rates, pushed higher by the country’s political crisis, are unlikely to decline quickly even if the crisis is resolved soon, a banking official said yesterday. Placido Mapa, president of the Bankers’...

Business

Government raises P14 B from cash management bills

October 26, 2000 - 12:00am

The prime lending rate now hovers at about 20 percent after the Bangko Sentral ng Pilipinas (BSP) and the Bankers Association of the Philippines (BAP) entered into a "gentleman’s...

Business

Paeng, banks reach ‘gentleman’s pact’ on cap on lending rates

October 25, 2000 - 12:00am

The Bankers Association of the Philippines (BAP) and the Bangko Sentral ng Pilipinas (BSP) agreed yesterday to enter into a "gentleman’s agreement" which would put a five-percentage point cap on...

Business

Peso rebounds; BSP won't hike key rates

By by Jun Ebias | May 27, 2000 - 12:00am

The peso recovered a substantial 68 centavos yesterday, closing at 42.72 from a near 20-month low of 43.40 to the dollar on Thursday, prompting the Bangko Sentral ng Pilipinas (BSP) to forego a plan to raise...

Business