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(January 14, 2004 - Wednesday, Philippine Daily Inquirer)
by Doris C. Dumlao

THE BUREAU of Treasury sold Tuesday 3.25 billion pesos' worth of five-year bonds.

It said the coupon rate for the bonds was at 10.75 percent, 50 basis points higher than in the previous auction.

(January 14, 2004 - Wednesday, Philippine Daily Inquirer)

THE PESO lost more ground in afternoon trade to close at its weakest level against the US dollar for this year after the Supreme Court nullified a Commission on Elections (Comelec) contract with a private group for the computerization of the May elections, dealers said.

(January 13, 2004 - Tuesday, Philippine Daily Inquirer)
by Doris C. Dumlao

THE POLICY-MAKING Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved tighter guidelines on banks' large credit exposures as part of a continuing bid to boost the banking system.

(January 11, 2004 - Sunday, The Manila Bulletin)
By Fil C. Sionil

The Bangko Sentral ng Pilipinas (BSP) has programmed a 10 percent growth in domestic liquidity despite cautious economic outlook, placing the domestic economy to hit below 4.9 percent, the lower end of the 4.9 percent to 5.8 percent growth range target assumed by the Macapagal Arroyo economic managers.

(January 07, 2004 - Wednesday, Philippine Daily Inquirer)

LOANS to the National Food Authority (NFA) can be considered as a form of compliance with the Agri-Agra Law, according to a recent circular issued by the Monetary Board.

(January 06, 2004 - Tuesday The Philippine Star)

DAVAO CITY – Savings and credit cooperatives in Mindanao are demonstrating that they are not only economically viable, but are also effective catalysts in improving the quality of life of their membership.

(January 06, 2004 - Philippine Daily Inquirer)
by Clarissa S. Batino

THE GOVERNMENT'S cost of local borrowing eased Monday at the first Treasury bill auction of the year, as the benchmark rate on 91-day bills dropped by 28.6 basis points to 6.246 percent in view of big demand from banks.

(January 04, 2004 - Sunday, The Manila Bulletin)
By Fil C. Sionil

The Monetary Board, the policymaking body of the Bangko Sentral ng Pilipinas (BSP), plans to further tighten the rules and regulations on bank's lending to its directors, officers, stockholders and other related interests (DOSRI) by limiting the base the level of their deposits plus their equity.

(January 04, 2004 - Sunday, Philippine Daily Inquirer)

THE DEPARTMENT of Finance (DoF) and the Bureau of Internal Revenue (BIR) are pressing the Philippine central bank to settle 6.4 billion pesos in back taxes to help beef up government revenue in 2003.