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BSP can’t rule out rate hike this year — Tetangco
NEW YORK, Apr. 12 (Reuters) — Bangko Sentral ng Pilipinas Governor Amando Tetangco said on Tuesday an interest rate hike in 2006 cannot be ruled out if inflation flares in the Philippines and other countries keep raising their rates.
Gov’t to retire $ 411-M Brady bonds
The National Government will buy back $ 411 million of the $ 774 million outstanding Brady bonds before June this year.
PSE earns P41 M in 1st 2 months
The Philippine Stock Exchange posted an unaudited net income of P40.99 million in the first two months of the year, continuing to show strong operational growth that began in 2005.
OFW inflows grow 12.5% in February
Filipinos working abroad sent home $ 1.8 billion for the first two months of 2006, or 12.5 percent higher than last year, the Bangko Sentral ng Pilipinas said yesterday.
World financial system strong — IMF
LONDON, Apr. 12 (Reuters) — World financial markets have strengthened but cyclical challenges are emerging from the prospect of higher interest rates and an unwinding of global imbalances, the International Monetary Fund said.
CDC reverses deficit to P28 M retained earnings
For the first time since its establishment 13 years ago, Clark Development Corp. achieved a positive retained earnings of P28.2 million from a deficit of P67.66 million.
NEWS IN BRIEF
The peso rate closed lower at P51.33 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P51.210 the previous day. The weighted average rate depreciated to P51.257 from P51.220. Total volume amounted to 4.86 million.
Biliran governor boosts local tourism industry
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