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Today's Reviews - Nov 23, 2008

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Philippine Banking Industry - Rated Low

Investment Sector: Emerging Markets
Submitted 3 months ago by Lovephileo , WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER

The Philippine banking system is made up of four types of banks - commercial banks (further subdivided into universal and regular commercial banks), thrift banks, rural banks and cooperative banks. These banks are differentiated according to size of capitalization and types of activities that they may undertake. In terms of capitaliz... More...

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Phillippines Rejects Bids For 2011 T-Bonds

Investment Sector: Emerging Markets
Submitted 6 months ago by Lovephileo , WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER

The Philippine Bereau of Treasury rejected all bids at an auction of 2011 domestic bonds as investors demanded high rates. At the auction, the Treasury was supposed to sell seven billion pesos (P7B) worth of the T-domestic bond, originally issued as five-year paper in 2006.The bond has remaining life of three year and six months. Only 2.98... More...

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BP Rejected BSP Call To Tap Microfinancing

Investment Sector: Emerging Markets
Submitted 7 months ago by Lovephileo , WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER

Despite Banko Sentral ng Pilipinas (BSP) Pres. Armando Tetangco Jr. push for commercially large banks to tap microfinancing, members of the Bankers of the Philippines rejected the call. There are two reasons why large banks tended to ignore SME services. First, they were small and not very profitable for the bank; and secondly SMEs tended to ha... More...

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