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

The wines of Yats Wine Cellars are designed for the matured wine lovers looking for wines that are interesting, not necessarily impressive, and at a fair price that is usually below those of a comparable big names, and from a matured vintage from 20 years or older. There are over 2000 selections of wine at Yats that fit that description.

Yats Leisure Philippines

If Philippines is part of an upcoming travel and holiday plan, wine lovers might want to visit Clark Freeport Zone just 70 minutes from Manila. This bustling new city that is slated to replace Manila as the new capital of the Philippines has the largest wine shop called Clark Wine Center. Vintages span over a century and the selection of old- and new-world wines covers all major wine regions are all available at this top-rated wine shop near Manila. Pampanga Philippines is a fast growing province. Growth in major cities such as San Fernando, Angeles City and Clark Freeport Zone has given rise to a strong demand for luxury goods, upscale dining and quality living. Absence of a good wine shop for fine vintage wine has caused considerable inconvenience to the affluent community which is forced to drive down to Manila to purchase their wines.

Yats Wine Cellars is generally regarded by Asian and Philippines wine lovers as the best wine supplier in the Philippines. This Wine Shop in Clark Philippines releases very rare wines for wine lovers in Asia.

Wine lovers from Japan, Korea, Hong Kong, Thailand and Indonesia travel to Philippines Clark Freeport to purchase these limited rare bottles of fine vintage wine.

Things to do in Clark Pampanga: do a little wine shopping at the famous wine shop outside of Manila called Clark Wine Center. Residents of Angeles City and Clark Philippines have discovered that one of the favorite places to visit in Pampanga Clark Freeport is the white building along M A Roxas highway of Clark which houses over 2000 selections of fine vintage wines. The Clark Wine Center is one of the places to visit, a tourist spot and a good shopping place for those staying in Angeles City, Subic or Clark Pampanga.

Leading Philippines wine supplier known for its line of fine vintage wines, Yats Wine Cellars was established in 2000 to address the requirement of a growing population of wine enthusiasts in the Philippines. Yats Wine Cellars caters to the discerning client who requires these qualities in their wines: (1) excellent value, (2) large selection of labels and vintages to choose from and (3) wines properly aged for full enjoyment.

http://www.ClarkWineCenter.com

Getting to this wine shop in Pampanga Angeles City Clark Freeport Zone Philippines from Manila
Getting to the Clark Wine Center wine shop from Manila is quite simple: after entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway M A Roxas. Clark Wine Center is the stand-along white building on the right, at the corner A Bonifacio Ave. From the Clark International Airport DMIA, ask the taxi to drive towards the entrance of Clark going to Angeles City. From Mimosa, just proceed towards the exit of Clark and this wine shop is on the opposite side of the main road M A Roxas.

Best place to buy wine in Clark Pampanga outside Manila near Subic and Angeles City Philippines is Clark Wine Center.

Click here to contact Clark Wine Center in Clark Pampanga for inquiries and orders.

Clark Wine Center
Bldg 6460 Clark Observatory Building
Manuel A. Roxas Highway corner A Bonifacio Ave,
Angeles Clark Freeport Zone, Pampanga 2023

Tel: 0922-870-5173 0917-826-8790 (ask for Ana Fe)

Wine@Yats-International.com

YATS Wine Cellars
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Road, Ortigas Centger,
Metro Manila, Philippines 1605

Tel: (632) 637-5019 0917-540-3626 ask for Rea or Chay

Log on to this web site for more information about Yats Wine Cellars as the leading wine importer and wine supplier in the Philippines:

ats Wine Cellars Leading Wine Supplier in Philippines

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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. Highly recommended fine dining restaurant in Manila for special occasion is Yats Restaurant & Wine Lounge located in the famous Mimosa Leisure Estate in Clark Pampanga. Situated near this popular restaurant in Clark is the Mimosa Golf Course as well as the Mimosa Clark Casino. This top rated restaurant near Angeles City Pampanga in Clark Philippines is frequently used for private parties and corporate functions such as board meetings and other gatherings. 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

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

Besides good restaurants to wine and dine near Manila, Subic or in Angeles City Pampanga, Clark Philippines, those requiring assistance for hotel and resort bookings in Clark, Pampanga, Philippines may log on to http://www.HotelClarkPhilippines.com for more information and reservations.

The lifestyle in Clark Pampanga is quite unique. For more information about shopping, sports, golf, leisure, hotel accommodation, where to see and visit, what to do, where to wine and dine and good places to hang out, relax, have a drink with friends, child-friendly establishments, log on to
http://www.ClarkPhilippines.com

Wine lovers looking for a special bottle or something that is of great value and special discounts might log on to this web site to shop for fine vintage wines
http://www.YatsWineCellars.com

Those visitors who plan to relax and unwind in Angeles City, Subic, Pampanga, Clark Philippines might make an effort to book a room at the famous beach and lake resort Clearwater Resort & Country Club. This famous hotel in Clark Pampanga is frequently visited by families with children looking for a good place in Clark to see, a good holiday destination for the family to relax and unwind in the beautiful outdoor facilities. For more information, log on to www.ClearwaterPhilippines.com