Optimism is good, but let’s not be foolhardy. It is good that we are feeling bucked UP at the beginning OF 2018. Major economies expect growth in tandem for the first time since the global financial crisis of 2008. World trade is seen growing at a decent clip after two slow years. Commodity prices are firming…
8 February 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Feb 8 – U.S. Agriculture Secretary Richard Lyng is in a quandary over a sugar re-export plan passed by the U.S. Congress doubling the Philippines’ sugar exports to the United States this year, a senior U.S. official said. Philippine officials said at the weekend…
29 May 2001 Reuters News English (c) 2001 Reuters Limited HANOI, May 29 (Reuters) – Vietnam urged President George Bush on Tuesday to build on Bill Clinton’s work In normalising ties with Hanoi by sending a trade deal to Congress for ratification. Vice Foreign Minister Chu Tuan Cap told Reuters the historic market-opening pact signed…
24 November 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Nov 24 (Reuters) – The collapse of Yamaichi Securities could signal the end of the worst of Japan’s “post-bubble” economic adjustment, Asian Development Bank (ADB) President Mitsuo Sato said on Monday. “I think we need to go through that kind of challenge in…
19 January 1987 The Toronto star MANILA, PHILIPPINES — He told a press conference Manila would not resume talks on restructuring $3.6 billion of its $28.6 billion debt until a “better than Mexico” offer was made. Bankers consider the Mexican deal the most lenient a major debtor nation has received from creditor banks. Ongpin said…
30 July 1987 Reuters news (c) 1987 Reuters Limited MANILA, July 30 – Foreign debt has suddenly become a dirty phrase in Manila, but any repudiation of the Philippines’ debt could isolate the country financially, economic analysts said. Spurred by President Corazon Aquino’s scathing attack on creditors in her speech at the opening of Congress…
7 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 7, Reuter – The growing call in the Philippines for a repudiation of some of the country’s 28.4 Billion dollar foreign debt was strongly attacked today by the finance minister and the leader of an influential business group. Finance Secretary Jaime Ongpin told reporters…
13 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 13, Reuter – President Corazon Aquino was not kept fully Informed throughout a prolonged dispute between the Philippines and a consortium of Western banks, Finance Secretary Jaime Ongpin told Reuters in an interview today. The dispute Involved a commercial debt incurred by a private fertiliser…
18 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 18 – Foreign companies will be allowed to list their stock on the two stock exchanges In Manila in a move expected to attract foreign investors, Securities and Exchange (SEC) Commissioner Monico Jacob told Reuters. Jacob said the decision followed an Inquiry by…
21 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 21 – Elders Finance, a division of (Elders IXL Ltd), is interested in buying a minority stake in either Union Bank of the Philippines or the Philippine Commercial International (PCI) Bank as part of a major thrust into the country, banking sources said. They…
10 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 10 – Philippine President Corazon Aquino has been given a final chance to cobble together a cohesive government thanks to the resignation of all 26 of her cabinet ministers, bankers, businessmen and stockbrokers said. They said the turmoil of the past two weeks,…
16 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 16 – A veteran development banker and the former head of one of the Philippines’ five biggest commercial banks are tipped to occupy the country’s two top economic posts, bankers and officials polled by Reuters said. They said Public Works and Highways Secretary…
17 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 17, Reuter – Philippine President Corazon Aquino, under pressure from a disgruntled military, dropped two of her closest friends and advisers on Thursday as she continued to rebuild her battered government. Fighting to contain the after effects of a coup attempt three weeks…
18 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 18, Reuter – President Corazon Aquino’s shake-up of top posts in her government will restore waning investor confidence in the Philippines, Trade and Industry Secretary Jose Concepcion said on Friday. “The new team will be a rallying force. It will bring investments in,” Concepcion…
22 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 22 – Philippine food and beverage giant San Miguel is doing “magnificently well” despite de facto governmental control, executive Vice-President Ramon del Rosario told Reuters In an interview. “We will have a banner year — there is no question of that,” del Rosario…
24 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 24 – Any ceiling on debt repayments imposed by the Philippines would cut off trade credits, drive up inflation and halve the exchange rate of the peso, an independent Manila research organization said. Sergio Andal, a forecaster at the Center for Research and…
28 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 28 – The Philippines is poised for a risky showdown with its creditors that could take the global debt crisis into new territory, bankers and economic analysts polled by Reuters said. Over the past week, a combative Congress has made a series…
30 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 30, Reuter – Charges of widespread human rights violations in Asia met silence or official denials on Wednesday but a Reuter poll showed personal liberty is still a prized possession across much of the sprawling continent. The charges were made by the London-based…
1 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 1, Reuter – The Philippine Congress on Thursday pushed forward an ambitious program to break up estates and give the land to peasants, filing two bills ahead of a presidential deadline. The legislature also proposing setting up a panel to shape a new…
1 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 1 – Members of the Philippine Congress want to set up a commission to shape a new national debt policy. Six senators, all members of the ruling coalition, have introduced a bill saying economic growth should dictate debt repayments. “Growth, equity and social…
2 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 2, Reuter – The number of strikes in the Philippines is down this year, but analysts say rising labour militancy promises a confrontation that could hobble economic recovery and scare off badly-needed investments. In the eye of the storm is the aggressive left-wing…
8 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 8 – The Philippine peso plunged to a record low of 20.850 against the dollar on Thursday from 20.697 on Wednesday in its biggest single-day fall in President Corazon Aquino’s 19-month rule. A Bankers’ Association of the Philippines spokesman said only one million dollars…
12 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 12 – Short-term speculators have switched their attention from Manila’s once bullish stock markets to a suddenly booming illegal trade in dollars, brokers and analysts said. They said the black market rate of the U.S. currency has risen alongside a progressive fall in…
13 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 13, Reuter – The Philippine peso has been battered over the past month as speculators moved from once- bullish Manila stock markets to a booming illegal trade in dollars, analysts said on Tuesday. They said the black market rate of the U.S. currency has…
14 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 14, Reuter – The Philippine government is considering setting up a special police force to enforce return-to-work orders at strike-hit companies, Secretary of Labour Franklin Drilon said. Labour unrest had declined this year but was still simmering because workers were testing their new-found…
22 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 22 – The Philippine Central Bank and creditors of a private fertiliser firm are racing to finalise a new compromise over a 56.5 million dollar debt that is holding up the country’s recent debt rescheduling agreement, sources close to the talks said. A…
11 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 11 – Near the end of her second year in office, Philippine President Corazon Aquino remains at the controls of an economy that continues to lumber down the runway but refuses to take off. Aquino said in a fighting speech last month…
19 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 19 – National Statistics Office (NSO) figures show the Philippines’ trade deficit stood at 674 million dollars in the January-September period, up from 168 million dollars in the same 1986 period, and wider than the 574 million dollar deficit reported by Central Bank Governor…
20 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 20 – The Philippines’ restructuring of 13.2 billion dollars of foreign debt has again been plunged into uncertainty following calls from a leading senator for the abrogation of a July agreement with the country’s creditor banks. Senator Alberto Romulo, Chairman of the Senate’s…
20 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 20 – The Philippines will borrow between 30,000 and 100,000 tonnes of raw sugar from Thailand to meet a sudden increase in demand after a shortfall caused by a severe drought, a government official said. Sugar Regulatory Administration (SRA) chairman Arsenio Yulo…
25 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 25 – The Philippines has been warned that the United States is planning to slash its 1988 sugar import quota but is not very worried, Sugar Regulatory Administration (SRA) chairman Arsenio Yulo told Reuters in an interview. “The signal given to us is…
25 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 25, Reuter – The communist rebel killings of three Americans near a U.S. military base in the Philippines last month will strengthen ties between the two countries and speed up aid from Washington, a U.S. official said on Wednesday. “These killings will have…
13 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 13 – South-east Asian leaders gather in Manila this week to try to refurbish an organisation that has rarely moved from rhetoric to reality on its main goal of economic cooperation, analysts said. The threat of a recession in the United States, a…
14 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 14, Reuter – Spurred by shrinking markets and the spectre of global recession, the leaders of South-East Asia were poised on Monday to end two decades of sluggish economic growth with a ringing resolve to boost collective action. In a draft communique dominated…
14 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 14 – The Association of South East Asian Nations (ASEAN) criticised rising protectionism, called for new commodity agreements and urged creditors to ease the burden of foreign debt in a draft communique to be signed by leaders of the regional bloc. ASEAN officials…
14 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 14, Reuter – South-East Asia’s non-communist countries must gird to meet challenges posed by uncertain political and economic conditions, Malaysian Prime Minister Datuk Seri Mahathir Mohamad said on Monday. He told the opening meeting of the third Association of South East Asian Nations…
15 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 15 – Japan’s trade and overseas investment with South-East Asia, which accounts for nearly a third of Japanese bilateral aid, has been steadily declining, figures from the Japanese Foreign Ministry show. Japanese Prime Minister Noboru Takeshita announced a two billion dollar ASEAN-Japan Development…
15 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 15 – Japanese Prime Minister Noboru Takeshita marked his first foreign trip by vowing to improve access to Japan for imports from South-East Asia and by formally announcing a two billion dollar package aimed at boosting the private sector and economic cooperation in…
15 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 15, Reuter-South-East Asia’s leaders cemented their alliance on Tuesday, ending a summit meeting with a declaration short on political contention and long on the urgency of forging economic unity. Political analysts said the smooth passage of the two-day Manila summit of the Association of…
16 December 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Dec 16 – A 23 pct cut in the 1988 U.S. sugar import quota for the Philippines is deeper than expected, but Manila is banking on a U.S. proposal to import extra sugar under a re-export plan, Sugar Regulatory Administration (SRA) Chairman Arsenio Yulo told…