USD/PhP: 43.235 + 0.06 PSEi: 4215.11 - 1.26
USD/JPY: 81.20 PFINC: 937.48 - 1.97
EUR/USD: 1.3876 BDO: 60.00 unch
GBP/USD: 1.5870 BPI: 56.00 unch
PDSTF3M: 3.9615 MBT: 68.50 - 0.45
Prices as of 4:00pm Source: Bloomberg, Reuters
Philippines to Seek Proposals for Bond Swap as Early as Today
By Max Estayo
Oct. 18 (Bloomberg) -- The Philippine government ask banks
for proposals to handle its peso-denominated debt swap as early
as today, Finance Secretary Cesar Purisima told reporters in
Manila.
The government plans to exchange 5-, 7-, and 10-year bonds
for notes maturing in 20 years and 25 years, he said.
Philippines to Meet 2010 Budget Deficit Goal, Purisima Says
By Max Estayo
Oct. 18 (Bloomberg) -- The Philippines is working to
improve revenues and reduce expenses and is on track to meeting
the budget deficit goal this year, Finance Secretary Cesar
Purisima told reporters in Manila. The government’s fiscal
performance for September is “better than my expectations,” he
said.
Jonathan Ravelas
Chief Market Strategist
(632) 858-3145
Rhys Cruz
Junior Researcher
(632) 858-3001
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