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Tuesday, September 08, 2009 |
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Consumer loans to pick up in 2H, says BSP
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By Maricel E. Burgonio, Senior Reporter
CONSUMER lending will pick up in the second half due to sustained
demand for real estate, cars and credit card use, the Bangko Sentral
ng Pilipinas (BSP) said.
“Consumer lending continues growing despite
the crisis. We expect at least a healthy level, going forward.
We’re quite happy with what we have right now,” BSP Deputy Gov.
Nestor Espenilla told reporters.
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Short-term interest rates seen to rise in coming months
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SHORT-term interest rates may rise in the coming months as inflation
is expected to pick up, according to market analysts.
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Government to avail less foreign aid next year
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The Philippine government said it would borrow less official
development assistance (ODA) for public projects and programs next
year, the Department of Finance said.
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Banks’ capital, earnings ample amid credit losses–Fitch
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FITCH Ratings Inc. said the credit ratings of Philippine rated banks
are likely to remain, as their earnings and capital would be
adequate to absorb rising credit losses.
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Bangko Sentral approves ADB loan to plug deficit
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The Monetary Board has approved an Asian Development Bank (ADB) loan
that would bridge the Philippine government’s ballooning budget
deficit, a Bangko Sentral ng Pilipinas (BSP) official said.
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Top central banks agree to tougher bank regulation–BIS
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GENEVA: Leading central bank governors said on Sunday that they had
agreed on a package of measures to strengthen the regulation and
supervision of the banking industry in the wake of the financial
crisis.
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PLDT to tap small enterprises for landline business growth
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PHILIPPINE Long Distance Telephone Co. (PLDT) is cashing in on the
small and medium enterprise
(SME) sector to squeeze revenues from its landline business despite
the bearish outlook for the service.
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PSALM puts govt hydro plants on auction block
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State-run Power Sector Assets and Liabilities Management Corp.
(Psalm) has started the privatization process for three of National
Power Corp.’s (Napocor) contracted hydro electric power plants.
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MANAGING
FOR SOCIETY
By Evelio G. Echavez
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Personal ways that
help enhance organizational performance
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There is stiff competition everywhere for businesses today, making
survival and profitability a constant challenge. Many management
scholars, such as Jeffrey Pfeffer of Stanford University, say that
the effective management of people has...
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