Banks are set for a boost
Article Abstract:
Philippine banks are expecting several mergers following a central bank order to further increase banks' capital and reduce the required reserves on deposits. The reserve requirement will be reduced from 15% to 14% on Jan. 3, 1997, and to 13% on July 4, 1997. The reduction aims to lower banks' fund-raising costs which should lead to lower domestic interest rate and higher lending volumes. Each percentage-point reduction is estimated to pour $380.6 million into the country's financial system.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
"Penny stocks" lose shine
Article Abstract:
The growing trend of rising prices of speculative stocks in the Philippines may soon come to an end as market focus is inclined to return to the more sober blue-chip stocks and economic fundamentals. Shares of Atok-Big Wedge Co., Ebecom Holdings Inc., Marsteel Consolidated Inc., Acoje Holdings Inc., and Atlas Fertilizer Corp. have all increased. Anscor-Hagedorn Securities Inc. approximates a minimum of 21 lightly exchanged stocks in 1996 that were converted into dynamically exchanged stocks.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Learning to love again. Harness your healing power
- Abstracts: Power to the people. Digging for growth
- Abstracts: Breaking down the borders. Bankers Trust tops UK debt league. Finding the right partner in the US
- Abstracts: Telecom firms face gains. Companies weigh various options for entering China. Jardine seeks a new image: campaign aims to emphasize Hong Kong ties
- Abstracts: The EOQ repair and waste disposal model with variable setup numbers. A fuzzy mathematical model for the joint economic lot size problem with multiple price breaks