Central bank maintains policy rates

THE Central bank decided on Thursday to maintain its key policy rates at current levels, owing to manageable inflation and better-than-expected first quarter economic growth.
In the Bangko Sentral ng Pilipinas (BSP) Monetary Board Meeting, central bank governor Amando Tetangco Jr. said that key policy rates for overnight borrowing or reverse repurchase (RRP) facility stayed at 4 percent while the overnight lending or repurchase (RP) facility at 6 percent.
The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also maintained accordingly and the reserve requirement ratios were also kept steady, he said.
“The Monetary Board’s decision is based on its assessment that the inflation environment remains manageable,” Tetangco said.
Latest baseline forecasts for inflation continue to track the lower half of the 3-5 percent target range for this year and 2013, while inflation expectations remain firmly anchored.
Tetangco also cited the significant improvement on the country’s economic growth, which hit 6.4 percent during the first quarter, for maintaining the policy rates.
Adequate liquidity and strong bank lending, spurred by prevailing low interest rates, should also help sustain domestic real sector activity in the months ahead, he added.
The central bank chief said that core inflation also remains firm.
But he warned that oil prices, which continue to show considerable volatility and additional petitions for electricity rate adjustments could provide upside influence on inflation.
Tetangco also said that the weak global economy could contribute to moderate oil and other commodity prices.
“As such, inflationary pressures and the risk of second-round effects may also ease in the coming months,” he said.
With that, he said the central bank will continue to monitor emerging price and output conditions to ensure that monetary policy remains in line with price stability while being supportive of economic growth.
http://www.sunstar.com.ph/manila/local-news/2012/06/14/central-bank-maintains-policy-rates-226821
Pinakamahabang zipline sa bansa, itatayo sa Angat dam

NORZAGARAY, Bulacan—Matapos ang mahigit 42-taong operasyon ng Angat Dam, inihayag ng National Power Corporation (Napocor) ang plano na buksan ito sa turismo sa susunod na taon.

Ang pagbubukas na ito ay tatampukan ng isang kilometrong zipline at iba pang atraksyong tulad ng bungee jumping, mounting trekking, bird watching at boating.

Ayon kay Inhinyero Rodolfo German ng Angat River Hydro Electric Power Plant (Arhepp) ng Napocor, ang planong zipline ay tinatayang magiging pinakamahaba sa bansa, o maging sa buong Asya.

Ito ay mas mahaba sa 840-metrong zipline na matatagpuan sa bayan ng Manolo Fortich sa lalawigan ng Bukidnon sa Mindanao na binuksan sa publiko noong 2009.

Ipinaliwanag ni German na malaking tulong ang Angat Dam bilang tourist attraction lalo na sa lokal na pamahalaan na nakakasakop dito.

Gayunpaman, nilinaw niya na hindi magiging problema ang seguridad sa nasabing dam na sa loob ng 43-taon ay hindi basta mapasok ng tao kabilang na ang mga mamamahayag maliban na lang kung may permiso mula sa punong tanggapan ng Napocor na matatagpuan sa Lungsod ng Quezon.

Sinabi pa niya na sa katunayan ngayon pa lamang ay may mga pagkakataon na may mga dumadayo sa Angat Dam watershed upang mag-bird watching.

Bukod dito, igiiniit pa ni German na may mga namamataang agila sa watershed.

Una nang naihayag ni Danilo Sevilla, bise president eng Napocor, ang mga namamataang agila sa Angat Dam Watershed.

Isa raw iyon sa patunay na makapal pa ang punong kahoy sa watershed, sa kabila ng di mapigil na operasyon ng mga timber poachers.

Ayon naman ay Bro. Martin Francisco ng Sagip Sierra Madre Environmental Society, ang mga agilang namamataan sa watershed ay isang magandang dahilan upang higit na paigtingin ang pagbabantay at pangangalaga doon.
http://punto.com.ph/News/Article/14564/Volume-6-No-7/Headlines/Pinakamahabang-zipline-sa-bansa-itatayo-sa-Angat-dam

Camping is one of the popular outdoor activities that take place in Clearwater Resort which is generally regarded as one of the best hotels in Clark Philippines. Here in this popular resort in Pampanga there is a safe and clean campsite that comes also with a private campfire ground for a complete camping experience outside of Manila. Guests and families camping at this private resort in Pampanga often enjoy outdoor facilities by the lake, the beach and picnic grounds also. Clearwater Resort is considered by schools, event organizers and social groups as one of the best campsites in the Philippines.

Frequently visited resort hotel in Pampanga Angeles City Clark Freeport Zone shares news, articles, suggestions and ideas on matters that might enhance your visit to Subic and Clark Pampanga for vacation and travel, as well as to organize, plan or attend a corporate or social event near Manila.

Where to stay in Clark, Philippines?

Voted Best Hotel in Clark Pampanga, this beach resort is a semi-private establishment located in the central business district near shopping, business, entertainment, airport and other conveniences of Philippines Clark Freeport Zone. This 13 hectare lake beach resort near Manila Philippines is a place of leisure that is highly recommended for family tourists with children or couples and individuals hoping to relax and enjoy peace and quiet in a laidback American suburban lifestyle.

Adding to the charm and attractiveness of this resort hotel in Clark Philippines are certain unique factors including safety, a keen sense of security and privacy that the main zone of Clark Freeport Zone offers. Angeles Philippines, Subic or Manila cannot offer the same sense of security like Clark Philippines. Clearwater is one of the best hotels in Clark and the resort is a very popular venue for rest and relaxation especially for golfers after a round of golf at one of the best golf courses near Manila. Clark is home to some of the best golf courses in Pampanga.

Philippines Travel Guide just unveiled recommendations and tips for safe and secured destinations during Holy Week and Easter Holidays in Philippines, Pampanga, Angeles City, Subic and Clark. The report covers highly recommended resorts and hotels in North Luzon, nice getaway destinations for families with children to enjoy activities in the outdoor, secured, safe and convenient place for tourists to relax and unwind, luxurious restaurants offering privacy and good ambience, best clubs in Pampanga and resto bars in Angeles City, pubs in Clark and fine dining restaurants in Pampanga, frequently visited places as well as historical sites in Angeles City, Pampanga, Clark Philippines.

Clearwater is generally regarded as is a place of leisure and the best private resort in Pampanga. This Clark hotel is the most frequently visited private resort outside Manila for corporate planning and team building because of its exclusivity. Clearwater is well regarded among frequent visitors to Clark as one of the best resorts in Pampanga. This is also one of the best resorts in Pampanga that offers good picnic spots near Manila.

Pampanga is an important province of the Philippines slated to be the next business and tourism center of the country. Already international traffic prefers the Clark International Airport and tourists find Clark Freeport Zone easier to get around than Manila. Safety, low crime rate, no traffic and low pollution levels all contribute to making Pampanga Angeles City Clark Freeport Zone a preferred destination for local and international tourists. Clearwater Resort is generally regarded as one of the best holiday spots near Manila.

For inquiries and bookings, Please click here to contact Clearwater Resort for inquiries and reservations now

Clearwater Resort and Country Club, Clark Pampanga
Creekside Road near Centennial Expo,
Clark Freeport, Pampanga Philippines 2023
(045) 889-5151 0917-520-4403 0922-870-5177
Joanne or Jeremy or Loydha

Getting to this lake and beach resort in Pampanga Angeles City Clark Philippines

After entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway MA Roxas, passing the stand-along wine shop called Clark Wine Center on the right, continue to bear right making no turns at all, go past Mimosa Leisure Estate on the opposite side of the road, one will hit a major intersection. Go straight and the road becomes Creekside Road. YATS Clearwater Resort and Country Club is on the right just 200m down.

Family Bonding by the famous lake of Clark Pampanga

http://www.ClearwaterPhilippines.com

Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay

Email: Inquiry@ClearwaterPhilippines.com

Please click here to contact Clearwater Resort to reserve a venue for your upcoming event now

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

http://www.PhilippinesWeddingVenue.com

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.
http://www.ClarkWineCenter.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

http://www.HotelClarkPhilippines.com

http://www.ClarkPhilippines.com

http://www.YatsWineCellars.com

For jobs and business investment opportunities in the Philippines please visit http://www.yilp.com

Hot Line for what’s happening in Clark: 045 889-5151 or 0927-940-2669 ask for Loydha

0915-542-6250 (Jeramie)