Oct 14, 2011
@ 6:32 am
76 notes

Philippines’ August bad loan ratio at 2.5 pct

MANILA Oct 14 (Reuters) - The Philippine central bank released on Friday data on commercial banks’ non-performing loans (NPLs) as of end-August.The following shows banks’ soured loans as a percentage of their outstanding loans:Aug July June May April March FebNPL ratio 2.52 2.45 2.45 2.80 2.95 2.99 2.93CONTEXT:- Total loan portfolio of the banks reached 3.06 trillion Philippine pesos ($70.6 billion) in August, up 2.6 percent from the previous month and almost 17 percent higher from a year earlier, the central bank said in a statement.- Bad loans net of interbank loans inched up to 2.68 percent of total loans in August from 2.62 percent in July, but was lower than the year ago’s 3.67 percent.- Non-performing loans (NPL) remained under 3 percent for the seventh straight month in August.- Bad loans peaked at more than 18 percent in October 2001 following defaults by corporate borrowers as a consequence of the Asian crisis. Since then, banks have set up higher provisions against potential credit losses and more stringent rules and regulations on loans.- In August, commercial banks’ loan growth net of reverse repurchase deals reached 19.8 percent, the highest since April 2009.LINKS:- For details on bad loans, click on Philippine central bank website www.bsp.gov.ph($1 = 43.370 Philippine Pesos)


Oct 11, 2011
@ 12:35 pm
538 notes

Palin asks whether ‘title’ worth joining 2012 race

Sarah Palin says the biggest thing she’s thinking about  as she decides whether or not to run for president  is whether a title would be a shackle and stifle her message. “Through my process of decision-making with my family and my close friends as to whether I should throw my name in the hat for the GOP nomination for 2012 – Is a title worth it?  Does a title shackle a person?” Palin said Tuesday night on the  Fox News show “On the Record.” “Someone like me who’s a maverick? I do go rogue and I call it like I see it and I don’t mind stirring it up in order to get people to think and debate aggressively to find solutions to the problems that our country is facing,” Palin continued. “Somebody like me, is a title and a campaign too shackling? Does that prohibit me from being out there and out of a box, not allowing handlers to shape me and to force my message to be what’s going on, or what contributors or political pundits want it to be?” Palin said. “Does a title take away my freedom to call it like I see  it and to affect positive change that we need in this country?” Palin said, explaining:  “That’s the biggest contemplation piece in my process.” “You don’t need a title to make a difference,” she said in what could be a major clue about which way she’s leaning. The former Alaska governor and 2008 Republican vice presidential nominee has said she would decide by the end of September whether to join the race for the 2012 Republican presidential nomination. Friday is the last day of  September, so time  is running out. Palin is the only big-name Republican left who could launch a run for the White House this late in the race… But by doing so, she would risk a new round of unflattering publicity — the kind of negative focus on her and her family that dogged her vice presidential run in 2008 and left her embittered by the experience,” Reuters’ Steve Holland wrote about Palin’s predicament. In her appearance on Fox News,  Palin expressed confidence she could win the Republican nomination — if she decides to pursue it. “I wouldn’t have gone this far in my thinking about whether to run or not had I not had the confidence to believe that Americans are ready for someone out of the box, certainly outside of the permanent political class,” she said. Photo Credit: (Palin at Tea Party of America rally in Indianola, Iowa)