^
+ Follow ROMEO BERNARDO Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1286263
                    [Title] => Economic growth may not settle within gov’t target – GlobalSource
                    [Summary] => 

Philippine economic expansion may not settle within the government’s 6.5 percent to 7.5 percent target this year, GlobalSource Partners said, amid a lack of new growth drivers.

[DatePublished] => 2014-02-04 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1438879 [AuthorName] => Kathleen A. Martin [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 795415 [Title] => No more BSP rate cuts this year - US think-tank [Summary] =>

New York-based think-tank Global Source Partners believes that the Bangko Sentral ng Pilipinas (BSP) would no longer cut interest rates further this year after a cumulative 50-basis point reduction in January and March.

[DatePublished] => 2012-04-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 777908 [Title] => US think-tank sees Phl inflation easing [Summary] =>

New York-based think tank Global Source Partners sees Philippine inflation easing further this year and next year, giving monetary authorities enough space to cut interest rates to boost the economy.

[DatePublished] => 2012-02-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 439717 [Title] => RP growth seen at slower 2.5% in 2009 [Summary] =>

MANILA, Philippines - Economists see the country’s growth slowing down to 2.5 percent this year, despite the surprisingly strong performance in 2008, weighed down by declining remittances that has consistently funded domestic consumption.

[DatePublished] => 2009-02-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 27325 [Title] => BSP sees benign inflation ahead [Summary] => [DatePublished] => 2007-11-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 359472 [Title] => OFW inflows may not be sustainable — economists [Summary] => Economists warned the government that inflows from overseas Filipino workers (OFWs) may not be sustainable given the declining public spending on education and human resources.

Remittances have become more economically significant, but the International Monetary Fund (IMF) said that while important, remittances should not be seen as a solution to economic and financial woes in the developing world.
[DatePublished] => 2006-09-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 317384 [Title] => Growth [Summary] => The Asian Development Bank says our economy should grow at a pace of between 7 percent and 8 percent to have any significant reduction in the poverty rates.

That is not about to happen. By most estimates, the Philippine economy will grow at 5 percent or maybe a bit less this year. Since our population grows at about 2.4 percent (one of the highest in the world), we will have net economic growth at roughly 2.6 percent.

Our rate of growth will fall woefully short of what is required to soak up poverty and bring down the level of misery in our society.
[DatePublished] => 2006-01-19 00:00:00 [ColumnID] => 134157 [Focus] => 0 [AuthorID] => 1804783 [AuthorName] => Alex Magno [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [7] => Array ( [ArticleID] => 213838 [Title] => NG should pre-fund its borrowing needs, says economist [Summary] => The National Government (NG) should pre-fund its borrowing requirements for the next one and a half years as the international capital market might become inaccessible in the periods leading up to and immediately after the May 2004 presidential elections, a leading economist said.

In a report, Romeo Bernardo, a former Finance undersecretary said the country’s economy displayed resilience despite external shocks, cushioned mainly by strong remittances from overseas Filipino workers (OFWs) that accounted for over a quarter of total gross national product.
[DatePublished] => 2003-07-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 96621 [Title] => Economists urge RP to go back to basics [Summary] => With China emerging as a giant magnet for foreign direct investments, economic experts said the Philippines can no longer rely on traditional sources of growth such an exports, investments and government pump-priming.

Going back to the basics, according to economists, would be the long-term solution to the country’s persistent vulnerability, despite the excitement over foreign investments and the long-term growth prospects of the export sector in the wake of globalization.
[DatePublished] => 2001-04-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 96542 [Title] => GSIS, SSS may run short of funds by 2003 [Summary] => The Social Security System (SSS) and the Government Service Insurance System (GSIS) are in danger of defaulting on their obligations to their members as experts estimate that both government-owned pension funds face negative flows by 2003.

Precipitated by bad investments decisions, a government-commissioned study indicated that both the SSS and GSIS were facing potentially serious problems resulting from negative flows, including the possibility of defaulting on their contractual obligations to their members.
[DatePublished] => 2001-03-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
ROMEO BERNARDO
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1286263
                    [Title] => Economic growth may not settle within gov’t target – GlobalSource
                    [Summary] => 

Philippine economic expansion may not settle within the government’s 6.5 percent to 7.5 percent target this year, GlobalSource Partners said, amid a lack of new growth drivers.

[DatePublished] => 2014-02-04 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1438879 [AuthorName] => Kathleen A. Martin [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 795415 [Title] => No more BSP rate cuts this year - US think-tank [Summary] =>

New York-based think-tank Global Source Partners believes that the Bangko Sentral ng Pilipinas (BSP) would no longer cut interest rates further this year after a cumulative 50-basis point reduction in January and March.

[DatePublished] => 2012-04-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 777908 [Title] => US think-tank sees Phl inflation easing [Summary] =>

New York-based think tank Global Source Partners sees Philippine inflation easing further this year and next year, giving monetary authorities enough space to cut interest rates to boost the economy.

[DatePublished] => 2012-02-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 439717 [Title] => RP growth seen at slower 2.5% in 2009 [Summary] =>

MANILA, Philippines - Economists see the country’s growth slowing down to 2.5 percent this year, despite the surprisingly strong performance in 2008, weighed down by declining remittances that has consistently funded domestic consumption.

[DatePublished] => 2009-02-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 27325 [Title] => BSP sees benign inflation ahead [Summary] => [DatePublished] => 2007-11-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 359472 [Title] => OFW inflows may not be sustainable — economists [Summary] => Economists warned the government that inflows from overseas Filipino workers (OFWs) may not be sustainable given the declining public spending on education and human resources.

Remittances have become more economically significant, but the International Monetary Fund (IMF) said that while important, remittances should not be seen as a solution to economic and financial woes in the developing world.
[DatePublished] => 2006-09-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 317384 [Title] => Growth [Summary] => The Asian Development Bank says our economy should grow at a pace of between 7 percent and 8 percent to have any significant reduction in the poverty rates.

That is not about to happen. By most estimates, the Philippine economy will grow at 5 percent or maybe a bit less this year. Since our population grows at about 2.4 percent (one of the highest in the world), we will have net economic growth at roughly 2.6 percent.

Our rate of growth will fall woefully short of what is required to soak up poverty and bring down the level of misery in our society.
[DatePublished] => 2006-01-19 00:00:00 [ColumnID] => 134157 [Focus] => 0 [AuthorID] => 1804783 [AuthorName] => Alex Magno [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [7] => Array ( [ArticleID] => 213838 [Title] => NG should pre-fund its borrowing needs, says economist [Summary] => The National Government (NG) should pre-fund its borrowing requirements for the next one and a half years as the international capital market might become inaccessible in the periods leading up to and immediately after the May 2004 presidential elections, a leading economist said.

In a report, Romeo Bernardo, a former Finance undersecretary said the country’s economy displayed resilience despite external shocks, cushioned mainly by strong remittances from overseas Filipino workers (OFWs) that accounted for over a quarter of total gross national product.
[DatePublished] => 2003-07-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 96621 [Title] => Economists urge RP to go back to basics [Summary] => With China emerging as a giant magnet for foreign direct investments, economic experts said the Philippines can no longer rely on traditional sources of growth such an exports, investments and government pump-priming.

Going back to the basics, according to economists, would be the long-term solution to the country’s persistent vulnerability, despite the excitement over foreign investments and the long-term growth prospects of the export sector in the wake of globalization.
[DatePublished] => 2001-04-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 96542 [Title] => GSIS, SSS may run short of funds by 2003 [Summary] => The Social Security System (SSS) and the Government Service Insurance System (GSIS) are in danger of defaulting on their obligations to their members as experts estimate that both government-owned pension funds face negative flows by 2003.

Precipitated by bad investments decisions, a government-commissioned study indicated that both the SSS and GSIS were facing potentially serious problems resulting from negative flows, including the possibility of defaulting on their contractual obligations to their members.
[DatePublished] => 2001-03-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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