Amando M Tetangco, Jr: Moving the economy forward to a higher growth path Speech by Mr Amando M Tetangco, Jr, Governor of the Central Bank of the Philippines (Bangko Sentral ng Pilipinas), at the Annual Reception fo rthe Banking Community, Central Bank of the Philippines, Manila, 15 January 2008.
The equity base of the corporate sector, relative to debt, seems to have increased, and many corporates are currently cash surplus, presumably to meet their investment commitments. Besides, the corporates also have access to other funding sources, especially external commercial borrowings and domestic and global capital markets.