Tuesday, October 2nd, 2007
- Peso seen firming up to 43:$1 by yearend - says French bank BNP Paribas. PhP37 by 2008 and PhP30:$1 by 2009. "The Philippines yielded a record-high BoP surplus of $6.75 billion in the January-August period on robust inflows from overseas Filipinos and foreign investors, according to the latest central bank data. The rising surplus reflects a strong buildup in the gross international reserves, which breached the $30-billion mark at end-August.The gross domestic product grew by 7.3 percent in the first half of the year, with a growth of 7.5 percent in the second quarter, its strongest growth rate in 20 years." 10/02/07
- Metrobank offers P5B Tier 2 notes - 10 years maturity, 7% quarterly interest payments. 10/02/07
- Gov’t revives plan to issue $1-B OFW bonds - BSP was "conservatively" projecting a much slower 5-percent growth in remittances coursed through the banking system from the 15-percent average growth seen in the first eight months of the year. 10/21/07
- Metrobank sells P2.9B worth of foreclosed assets - Metropolitan Bank and Trust Co., the country’s largest bank, said it sold P2.9 billion worth of foreclosed assets in the first three quarters of the year, up 70 percent year-on-year, riding on the growth of the property market. 11/28/07
Posted in Headlines | 2 Comments »