Philippines

Philippines' Tetangco on harnessing credit

In the speech 'Harnessing credit for a better life for all' given on 19 April Amando Tetangco of the Central Bank of the Philippines said access to credit is an important element of economic development.

Philippines' Tetangco on migration, remittances

In the speech 'Migration, remittances, economic development and the role of banks' given on 15 March Amando M Tetangco, Jr of the Central Bank of the Philippines said the Philippine central bank's initiatives to further improve the environment for…

Tetangco on supervision in the Philippines

In the speech 'Meeting the challenges of a rapidly changing supervisory and regulatory landscape' given on 21 February Amando M Tetangco of the Central Bank of the Philippines said the regulatory reforms in central banking are inevitable across all…

BSP's Tetangco on the Philippine economy

In the speech 'A tipping point and a rising tide is lifting up the Philippine economy' given on 20 February Amando M Tetangco of the Central Bank of the Philippines said economic and fiscal achievements in 2006 have created a positive momentum for the…

Tetangco on the BSP and the banking community

In the speech 'The BSP and the banking community: A partnership for a better year in 2007' given on 16 January Amando Tetangco of the Central Bank of Philippines said in the banking sector, we expect further expansion of bank resources, improvement in…

Tetangco on the BSP and the banking community

In the speech 'The BSP and the banking community - a partnership for a better year in 2007' given on 16 January Amando Tetangco of the Central Bank of the Philippines said inflation is seen to continue to slow down in 2007, with the government target of…

Philippines' Tetangco on risk management

In the speech 'Central Bank of the Philippines' initiatives to strengthen risk management practices in banks' given on 6 December Amando M Tetangco, Jr of the Central Bank of the Philippines said BSP initiatives are geared towards simultaneously…

Central Bank of the Philippines - Annual Report 05

According to the Central Bank of the Philippines Annual Report 2005, the Philippine economy expanded by 5.1 percent in 2005, buoyed by the continued growth of the services and industry sectors on the production side and sustained consumer expenditures on…

Tetangco on the state of the Philippine economy

In the speech 'The state of the Philippine economy and policy directions of the Bangko Sentral ng Pilipinas' given on 17 May Amando Tetangco of the Bangko Sentral ng Pilipinas said we are hopeful that the reform agenda we have embarked upon will help us…

Review of the Asian Bond Fund 2 Initiative

The Bank of Japan has announced that the EMEAP (Executives' Meeting of East Asia-Pacific Central Banks) Working Group on Financial Markets has released a report titled "Review of the Asian Bond Fund 2 Initiative."

Philippines, Japan sign currency swap

The Philippine central bank and the Bank of Japan have signed a currency swap arrangement letting both countries draw from each other's foreign reserves for any "immediate need".

Philippines doesn't rule out rate hikes

The Philippines central bank isn't ready to stop increasing interest rates even though inflation has started to show an encouraging moderation, a central bank official told Dow Jones Newswires in an interview published on Wednesday 12 April.

Tetangco on transparency and communication

In the speech 'Transparency and communication in central banking' given on 17 March Amando Tetangco of the Central Bank of the Philippines said we at the BSP recognize that central banking and in particular, inflation targeting, is a public trust, much…

Emerging market reserves grow in January

Recent data show significant increases in foreign exchange reserves in a number of emerging market economies in January. The Philippines gross international reserves hit an all-time high of $20.504 billion at the end of January on fresh government…

Asian reform

In this speech given at a Wharton business school forum in Mumbai on 6 January, 2006, the governor of the Bank of Thailand, M R Pridiyathorn Devakula, argues that fast growing intra-regional trade between east Asian economies provides evidence that the…

BSP launches 'Save your money in banks' campaign

When you deposit your money in banks, they will nurture your money to grow, making it also work for you. This was the claim of the Bangko Sentral ng Pilipinas (BSP) in its campaign for bank savings, according to information gathered by the Philippine…

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