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Topic: Central Bank of the Philippines

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	Central bank - LearnThis.Info Enclyclopedia (Site not responding. Last check: 2007-10-07)
		A central bank is a privately held refinancing bank of last resort, thus a monetary monopoly.
		Advocates of central banking argue that a National bank, which is chartered by the government and carries out government-designated monetary policy, is too susceptible to political pressure, which may come from factions that are incompetent to make monetary policy.
		Central banks are part of the infastructure used by the private banking community of a given country, to influence their country's economy.
	encyclopedia.learnthis.info /c/ce/central_bank.html (497 words)

	Economy of the Philippines - Wikipedia, the free encyclopedia
		Historically, the Philippines was primarily an agricultural region producing copra, maize, hemp, rice, sugar, and tobacco.
		The Philippines was less severely affected by the Asian financial crisis than its neighbours, due in considerable part to remittances of approximately $5-$6 billion (5-6 G$) annually from overseas workers.
		In 2000, the Philippines GDP increased by 4.0%.
	en.wikipedia.org /wiki/Economy_of_the_Philippines (1859 words)

	Central bank article - Central bank bank currency money monetary policy bank monopoly National bank - What-Means.com (Site not responding. Last check: 2007-10-07)
		Although officially state owned in most countries, the central bank is usually an autonomous entity responsible for the stability of the national currency (see also money) and the national financial system as a whole.
		Central banks are part of the infrastructure used by the private banking community of a given country, to influence their country's economy.
		Bank for International Settlements – an international organisation which fosters international monetary and financial cooperation and serves as a bank for central banks.
	www.what-means.com /encyclopedia/Central_bank (519 words)

	Central bank Article, Centralbank Information (Site not responding. Last check: 2007-10-07)
		Central banks of various nations often deliberate jointly on monetary policy, and the combinedpower of central bank leaders is extraordinary.
		Central banks are part of the infrastructure used by the private banking community of a given country, to influence theircountry's economy.
		Bank for InternationalSettlements – an international organisation which fosters international monetary and financial cooperation and servesas a bank for central banks.
	www.anoca.org /monetary/reserve/central_bank.html (426 words)

	Philippines Monetary Policy - Flags, Maps, Economy, History, Climate, Natural Resources, Current Issues, International ... (Site not responding. Last check: 2007-10-07)
		In 1991 the policy-making body of the Central Bank was the Monetary Board, composed of the governor of the Central Bank as chairman, the secretary of finance, the director general of the National Economic and Development Authority, the chairman of the Board of Investment, and three members from the private sector.
		The dependence of the banking system on funds from the Central Bank at low interest rates, in conjunction with the discretionary authority of the bank, has been cited as a contributing factor to the financial chaos that occurred in the 1980s.
		The Central Bank released funds to stabilize the financial situation following a financial scandal in early 1981, after the onset of an economic crisis in late 1983, and after a coup attempt in 1989.
	www.photius.com /countries/philippines/economy/philippines_economy_monetary_policy.html (1200 words)

	Philippine peso bills (Site not responding. Last check: 2007-10-07)
		Philippine peso bills are issued by the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) for circulation in the Philippines.
		A Philippine flag is also to the right of his portrait, near the central part of the front side.
		The words "Central Bank of the Philippines" are microprinted in the lower left border on the face of the note.
	www.worldhistory.com /wiki/P/Philippine-peso-bills.htm (1071 words)

	Thailand and the Philippines - a comparison.
		In comparing the Philippines and Thailand, the most telling fact is that, in their divergent economic performance during 1952-92, Thai (per capita) gross national product - which in the beginning was half that of the Philippines - by 1992, was more that double that of the latter.
		The history of relying on outsiders to fill the post of governor of the Central Bank is in great contrast with that of the Bank of Thailand where the governors have been officials who rose from the ranks.
		The Philippines can develop a growth-friendly democracy, but the chances for that are slim, given the social, religious, ethnic and linguistic divisions and the presence of the largely uneducated poor masses.
	www.trv.net /phuket/general/articles/thaiphil.htm (2042 words)

	The public sector (from Philippines) -- Encyclopædia Britannica (Site not responding. Last check: 2007-10-07)
		It is bounded by the Philippine Sea to the east, the Celebes Sea to the south, and the South China Sea to the west and north.
		Joseph Estrada was impeached by the Philippines House of Representatives on Nov. 13, 2000, and the Senate began his trial on December 7.
		submarine trench in the floor of the Philippine Sea of the western North Pacific Ocean bordering the east coast of the island of Mindanao.
	www.britannica.com /eb/article-23740?tocId=23740 (812 words)

	BAIPHIL \| Bankers Institute of the Philippines Inc.
		This was after that board decided to keep for the 12th straight month the central bank's overnight borrowing rate at 6.75%, and the overnight lending rate at 9.0%.
		And with the central bank keeping benchmark loan rates steady, commercial banks are expected to do the same -- to the relief of their customers.
		But in February, the central bank moved to protect the battered peso by hiking the liquidity reserves that banks are required to hold to 10% from 8%.
	www.baiphil.org /content.php?page=cb_rates (559 words)

	Development Bank of the Philippines
		Buenaventura is the first Central Banker to receive that award from The Banker, a sister publication of the Financial Times, as it began a yearly awards program for the first time in its 75-year history.
		As Chief Executive Officer of Citibank in the Philippines from 1982-1985, he was involved in restructuring negotiations of the Philippines sovereign debt.
		Governor Buenaventura was President of the Bankers Association of the Philippines from 1994-1997, and Chairman of the ASEAN Banking Council from 1996-1997.
	www.devbankphil.com.ph /Profile/economic_rafael.php (388 words)

	Rural Bankers Association of the Philippines -
		However, the outstanding credit accommodations which a rural bank may extend to each of its stockholders owning two percent (2%) or more of the subscribed capital stock, its directors, or officers shall be limited to an amount equivalent to the respective outstanding deposits and book value of the paid-in capital contributions in the bank.
		All rural banks created and organized under the provisions of this Act shall be exempt from the payment of all taxes, fees and charges of whatever nature and description, except the corporate income tax and local taxes, fees and charges, for a period of five (5) years from the date of commencement of operations.
		All rural banks in operation as of the date of approval of this Act shall be exempt from the payment of all taxes, fees and charges of whatsoever nature and description, except the corporate income tax and local taxes, fees and charges, for a period of five (5) years from the approval of this Act.
	www.rbap.org /article/archive/0/940 (2424 words)

	WOW Philippines :: Discover Philippines :: Trip Planner :: Travel Essentials (Site not responding. Last check: 2007-10-07)
		The largest Philippine wild animal, the tamaraw, is a species of the buffalo that is similar to the carabao.
		The premier venue for the performing arts is the Cultural Center of the Philippines.
		The hubs of nightlife activities are the Remedios Circle in Malate, Ayala Center and The Fort at Bonifacio Global City in Makati, Timog and Tomas Morato Avenues in Quezon City, and Eastwood in Libis, Quezon City.
	www.wowphilippines.com.ph /trip_planner/travel_essentials.asp (927 words)

	85-111
		Since the Philippines is not a "country under the Agreement" within the meaning of section 701(b) of the Act and the merchandise being investigated is dutiable, sections 303(a)(1) and (b) of the Act apply to these investigations.
		In November 1983, the Central Bank adjusted the relending rates to a maximum of the Manila Reference Rate (as published by the Central Bank of the Philippines) less 2 percentage points.
		We determined that the most appropriate comparable commercial interest rate was the average of the monthly weighted average interest rates charged by commercial banks on secured loans with a duration of one year or less (as published by the Central Bank of the Philippines).
	ia.ita.doc.gov /esel/philippines/85-111.html (4324 words)

	WOW Philippines :: Discover Philippines :: About the Philippines :: Facts About the Philippines (Site not responding. Last check: 2007-10-07)
		The Philippines is made up of 7,107 islands covering a land area of 115,739 sq.
		Like any living language, Filipino is in a process of development through loans from Philippine languages and non-native languages for various situations, among speakers of different social backgrounds, and for topics for conversation and scholarly discourse.
		The Philippines' monetary unit is the peso, divided into 100 centavos.
	www.wowphilippines.com.ph /discover/facts.asp (310 words)

	The Library Network - Special Collections - Central Bank Annual Reports (Site not responding. Last check: 2007-10-07)
		Under each country's name is the name of the central bank, the title of its annual report, and the call number of the report.
		Central Banking Publications Ltd. A financial publishing company that specializes in reporting on central banks and financial regulation.
		EMEAP (Executives' Meeting of East Asia-Pacific Central Banks), EMEAP is a cooperative organization of central banks and monetary authorities in the East Asia and Pacific region.
	jolis.worldbankimflib.org /Special/annualre.htm (711 words)

	Search Results for thrift - Encyclopædia Britannica
		In addition to the Central Bank of the Philippines, there are commercial banks, thrift banks, and rural banks.
		Banking operations are also conducted by such other institutions as the Philippine...
		The Bank of Sierra Leone is the nation's central bank; it issues currency, maintains external reserves, and acts as banker and financial adviser to the government.
	www.britannica.com /search?query=thrift&submit=Find&source=MWTAB (472 words)

	Bank Of Italy (Site not responding. Last check: 2007-10-07)
		The essence of the Washington Agreement was that 15 European banks agreed to limit the sales of central bank gold to 400 tonnes per year for 5 years and not to increase their lending of gold over that time.
		The real number was more than double that at the time, which means the central banks had FAR less gold in their vaults than they realized.
		A few days ago I emailed the Bank of Italy and inquired as to whether or not they had swapped, lent or otherwise transferred any of their gold to investment banks or other central banks.
	www.gata.org /bofi.html (1686 words)

	yehey! News
		Congress' failure to ratify the bill that will amend the charter of the country's deposit insurer worries the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) since it is among the reforms awaited by local and foreign investors.
		The intention is for the central bank to be the primary regulator," she added.
		The General Banking Law of 2000 repealed PDIC's examination power and gave this to the central bank.
	www.yehey.com /news/print.aspx?a=67693 (572 words)

	Asiaweek.com \| Webfiles: Why Is The Philippines Peso Headed For 60? \| 7/16/2001 (Site not responding. Last check: 2007-10-07)
		The central bank says it needs to make $6.3 billion in interest and principal repayments this year on its own behalf and on behalf of the Philippine national government.
		The central bank's own data shows that average maturity on that debt is about 17 years.
		For another, $14.4 billion in official reserve assets in central bank figures at the end of May 2001 actually included $1.9 billion in pledged assets, which is typically collateralized gold lending or money that Philippines has borrowed against the gold it keeps in its reserves.
	www.asiaweek.com /asiaweek/daily/foc/0,8773,167624,00.html (1967 words)

	Philippines Financial Issues
		The unit of currency in the Philippines is the peso (P), which consists of 100 centavos.
		All foreign nationals residing in the Philippines are subject to taxation on income derived from employment in the country, regardless of place of payment.
		If the individual's primary purpose of residence in the Philippines is something that requires an extended temporary stay, the individual is considered to be a resident of the Philippines.
	unilever.livingabroad.com /shared_files/profiles/countries/philipp/phifinc.html (1022 words)

	eBalita - a FREE service that provides you the latest news from the Philippines through the Web and E-mail
		The Malacañan presidential palace and the Bangko Sentral ng Pilipinas (Central Bank of the Philippines, or BSP) yesterday renewed warnings that failure to amend the AMLA would be disastrous to the economy.
		Manila Rep. Jaime C. Lopez, chairman of the banks and financial intermediaries, expressed optimism that the House will approve the AMLA amendments this week, to enable the chamber and the Senate to meet for the consolidation of their versions on Monday.
		The governor further noted that there is no record of central bank abuse during the years that it was allowed to look into deposits without prior court approval.
	www.ebalita.net /go/news/news.php?id=882 (1637 words)

	The Philippines History - Country and People, Language Climate Healthiness Visa
		The Philippines History - When Magellanes landed 1521 on the island of Homahon, he took possession on behalf of King Philipps II and named it Felipinas - the Philippines.
		The Philippines is made up of 7,107 islands covering a land area of 299,404 square kilometers.
		The Philippines are divided geographically and culturally into regions, and each regional group is recognizable by distinct traits and dialects - the sturdy and frugal llocanos of the north, the industrious Tagalogs of the central plains, the carefree Visayans from the central islands, and the colourful tribesmen and religious Moslems of Mindanao.
	www.polaris-dive.com /eng_nf/philippines.htm (867 words)

	Monthly Review: Global Economic Crisis, Neoliberal Solutions, and the Philippines (Site not responding. Last check: 2007-10-07)
		Philippine national debt (which was 275 million dollars in 1962 and was approximately 27.2 billion dollars in 1986), was 35.5 billion dollars in 1993, and 45.5 billion dollars in 1997, according to data from the Central Bank of the Philippines.
		But the Philippine State has never failed to keep coming up with grand plans designed to solve all of the country's problems in one fell swoop: the latest, initiated under President Fidel Ramos, was "Philippines 2000." Key to Ramos' vision was the Medium Term Development Plan for 1993 to 1998.
		Ramos stated his goals for the end of his presidency in June 1998: to raise per capita income to 1000 U.S. dollars; for the economy to grow by at least 6 to 8 percent, and for the poverty rate to decline to at least 50 percent.
	www.findarticles.com /p/articles/mi_m1132/is_7_51/ai_58449197/pg_3 (1133 words)

	Delegation of the European Commission to the Philippines
		This is the main point of entry for those interested in exploring the European Union (EU) and its many institutions such as The European Parliament, the European Council, the Commission, the Court of Justice, Court of Auditors and associated agencies.
		The European Documentation and Research Centre (EDRC) in the Philippines was conceived as a project of the European Commission in collaboration with the European Studies Consortium of the Philippines.
		Our goal is simple: to keep Filipinos (wherever they are in the world) in tune with the events taking place in the Philippines, in sync with the needs and trends of the times, and in touch with the rest of the world.
	www.delphl.cec.eu.int /index.cfm?pagename=links (588 words)

	Philippines (Site not responding. Last check: 2007-10-07)
		Bank of the Philippine Islands - Largest private unibank in the Philippines.
		Transport in Philippines Guide and travel tips for getting around Philippines The Philippines is generally a very safe place, however as with everywhere caution is advised, especially when arriving at the airport.
		Although the Philippines is a member of the World Intellectual Property Organization, it has not yet fully ratified the WIPO Performances and Phonograms Treaty or the Copyright Treaty.
	www.emich.edu /ict_usa/PHILIPPINES.HTM (3423 words)

	Philippines - General Information for Visitors
		Manila is served by more than 30 airlines which fly to different cities throughout the world Philippine Airlines, the country's flag carrier, links Manila to 26 cities in 19 countries and plies the air routes of principal cities and towns all over the country.
		Visitors carrying more than $3,000 are requested to declare the amount at the Central Bank of the Philippines counter situated at the customs area.
		Banks are open from 9 am to 3 pm, Mondays to Fridays.
	www.divephil.com /philinfo.html (385 words)

	BAIPHIL \| Bankers Institute of the Philippines Inc.
		She distinguished herself for having worked closely as Secretary to the Monetary Board with six of the nine (to date) Central Bank of the Philippines/Bangko Sentral ng Pilipinas Governors, first with former Governor Gregorio Licaros in the 1970's up to Governor Rafael Buenaventura up to the year 2000.
		It was in August 2001, while continuing to serve as consultant of the BSP after her retirement in the year 2000 that she was recalled to government service with her appointment by President Gloria Macapagal-Arroyo as Chairman of the Energy Regulatory Commission.
		Barin is destined to be with the central monetary authority of the country.
	www.baiphil.org /content.php?page=febarin (279 words)

	Philippines central bank warns of inflation - 2004-08-22 (Site not responding. Last check: 2007-10-07)
		The central bank of the Philippines has warned Philippine companies and consumers alike that soaring oil prices will mean higher prices across the board.
		The BSP already matched the July increase by the Fed, pushing the Philippine overnight borrowing rate to 6.7 percent and the overnight lending rates to a flat 9 percent.
		BSP senior officer Amando Tetangco told the Manila Times that it is now possible that inflation in the Philippines could be higher than the central bank's forecast of between 4 percent and 5 percent.
	www.bizjournals.com /pacific/stories/2004/08/16/daily76.html (566 words)

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