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World Bank mulls new loan program for RP power sector
After imposing moratorium on lending for the Philippine power sector at the latter part of the 90’s, the World Bank is now gradually opening its door for possible new loan portfolio that could help push forward the implementation of policy reforms in the domestic electricity setor.
FFCCCI seeks changes in BOT Law
The Chinese business community is keenly interested in the country’s build-operate-transfer (BOT) projects but are closely monitoring policy refinements in the BOT Law before pouring money into different ventures.
Clear-cut PSALM bidding terms sought
If it really wants to get serious in privatizing the assets of the National Power Corporation, prospective investors are putting forward cautionary advice to the Power Sector Assets and Liabilities Management Corporation (PSALM) that they first set clear bidding terms for the divested facilities.
Bank risk management rules readied
The Bangko Sentral ng Pilipinas is preparing a new circular dictating how banks should manage liquidity and market risks, especially banks’ vulnerability on interest rates risk.
Spanish firms keen on 7 RP projects
Seven major engineering, construction and financial institutions in Spain are seriously considering of participating in the country’s infrastructure development programs both as equity investor and supplier of capital equipment mostly to the country’s railways projects.
Self-regulation for gov’t securities dealers sought
Bangko Sentral ng Pilipinas Deputy Governor Nestor A. Espenilla Jr. is pushing for the establishment of a self-regulating organization for the secondary trading of government securities to avoid issues of price fixing.
NEWS IN BRIEF
The peso rate closed at P52.35 to the US dollar last Friday at the Philippine Dealing System of the Bankers Association of the Philippines. The weighted average rate stands at P52.507.
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