+ Follow ALL ASIA CAPITAL Tag
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 245165
[Title] => Conflict of interest
[Summary] => Top banking officials, mostly coming from the private sector, are expressing their growing concern on the Philippine Deposit Insurance Corp.’s (PDIC) increasing hold and influence over their industry.
So far, the PDIC has successfully gained control on three of the country’s top 15 banks – all acquired using public funds. After agreeing to assist in rehabilitating PNB in 2002, PDIC then proceeded on bailing out moribund United Coconut Planters Bank (UCPB) from sure failure last year.
[DatePublished] => 2004-04-04 00:00:00
[ColumnID] => 134315
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 185734
[Title] => PT&T signs P8.8-B restructuring pact
[Summary] => Telecommunications company Philippine Telegraph & Telephone Inc. (PT&T) has finally signed a master restructuring agreement with 11 of its creditors involving P8.8 billion in debts.
The agreement, which covers 75.4 percent of PT&T’s total indebtedness, calls for the conversion of about P4.4 billion in debts into equity, a restructuring of the remaining balance over a 10-year period conversion of all lenders to secured bases, and a reorganization of the company’s board of directors.
[DatePublished] => 2002-11-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 167324
[Title] => Petrocorp needs $100M to pay debts, finance operations
[Summary] => Petrochemical Corp. of Asia Pacific (Petrocorp) will need fresh capital of about $100 million or P5 billion to pay off some of its debts and for additional working capital.
This was disclosed yesterday by Petrocorp chief executive officer Henry Leung who said that the petrochem firm has not been able to operate profitably since it started operation in 1998 due to the general decline in economic activity.
Petrocorp along with two other petrochemical firms are also facing stiff competition from imported polypropylene resins.
[DatePublished] => 2002-07-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 150705
[Title] => Reynolds gets Metrobank nod for restructuring program
[Summary] => Reynolds Philippines Corp. (RPC) has secured the approval of its second largest creditor, Metropolitan Bank and Trust Co., its financial restructuring program anchored on a debt-to-equity conversion.
[DatePublished] => 2002-02-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 146789
[Title] => Reynolds plan gets Landbank approval
[Summary] => The Land Bank of the Philippines (LBP) has approved the financial restructuring plan of Reynolds Philippines Corp. (RPC) which will hopefully bring the top aluminum maker back in operation.
In a disclosure to the PSE, RPC corporate information officer Maria Olivia Yabut-Misa said that as the company’s biggest stockholder and creditor, the approval of LBP would pave the way for securing similar approval of the remaining 67 percent of RPC’s bank creditors by the end of this month.
[DatePublished] => 2002-01-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 146115
[Title] => A fitting finale for a wonderful journey
[Summary] => Johnnie Walker Black Label, described by connoisseur Jim Murray as the "Savoy" and "Everest" of premier whiskies, has successfully held a series of mentor dinners in premier venues throughout the year. The Johnnie Walker Black Label’s Journey of Taste was a tribute to accomplished figures in diverse fields.
[DatePublished] => 2002-01-06 00:00:00
[ColumnID] => 135074
[Focus] => 0
[AuthorID] => 1804795
[AuthorName] => Johnny Litton
[SectionName] => Sunday Lifestyle
[SectionUrl] => sunday-life
[URL] =>
)
[6] => Array
(
[ArticleID] => 139840
[Title] => SEC to finance firms: Keep cash flow levels in check
[Summary] => The Securities and Exchange Commission (SEC) has warned financing companies to keep their cash flow levels in check in order to avoid a possible collapse due to the prevailing adverse economic conditions.
An industry update by the SEC’s Corporation Finance Department (CFD) shows that despite a slight rise in the number of financing companies, their consolidated financial condition has deteriorated this year.
[DatePublished] => 2001-11-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 138205
[Title] => All Asia Life gets more time
[Summary] => All Asia Life Assurance Corp. (All Asia Life) got another lease on life as the Insurance Commission (IC) extended to mid-November its decision on the issuance of a license for the insurance firm.
All Asia Life was reportedly able to submit last week documents covering the remaining P123.4-million capital deficiency. Among these documents are proof of ownership of the property in question, an appraiser’s report, proof of non-encumbrances in tax responsibilities, and others.
[DatePublished] => 2001-10-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 136396
[Title] => Reynolds to go into debt restructuring
[Summary] => Reynolds Philippines Corp. will be undertaking a major debt restructuring program aimed at converting the remaining creditors into stockholders, after the Land Bank of the Philippines (LBP) took in a 36.7-percent stake in the company.
In a disclosure to the Philippine Stock Exchange (PSE), RPC corporate information officer Ma. Olivia Yabut-Misa said a nine-man board management committee (BMC) will be formed to review, evaluate, and implement the debt restructuring plan as well as business plans and programs, capital expenditures and projects of the company.
[DatePublished] => 2001-10-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 134509
[Title] => Landbank seeks jt venture to settle NPLs
[Summary] => The Land Bank of the Philippines (LBP) plans to settle its bad debts or non-performing loans (NPLs) of P29.6 billion along with foreclosed properties worth P11.1 billion by entering into a joint venture with a foreign investment bank or other institutions.
Landbank officials said the state-run bank is currently scouting for a possible joint venture partner which has the financial muscle to help the bank turn around its NPLs and acquired properties.
[DatePublished] => 2001-09-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
ALL ASIA CAPITAL
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 245165
[Title] => Conflict of interest
[Summary] => Top banking officials, mostly coming from the private sector, are expressing their growing concern on the Philippine Deposit Insurance Corp.’s (PDIC) increasing hold and influence over their industry.
So far, the PDIC has successfully gained control on three of the country’s top 15 banks – all acquired using public funds. After agreeing to assist in rehabilitating PNB in 2002, PDIC then proceeded on bailing out moribund United Coconut Planters Bank (UCPB) from sure failure last year.
[DatePublished] => 2004-04-04 00:00:00
[ColumnID] => 134315
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 185734
[Title] => PT&T signs P8.8-B restructuring pact
[Summary] => Telecommunications company Philippine Telegraph & Telephone Inc. (PT&T) has finally signed a master restructuring agreement with 11 of its creditors involving P8.8 billion in debts.
The agreement, which covers 75.4 percent of PT&T’s total indebtedness, calls for the conversion of about P4.4 billion in debts into equity, a restructuring of the remaining balance over a 10-year period conversion of all lenders to secured bases, and a reorganization of the company’s board of directors.
[DatePublished] => 2002-11-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 167324
[Title] => Petrocorp needs $100M to pay debts, finance operations
[Summary] => Petrochemical Corp. of Asia Pacific (Petrocorp) will need fresh capital of about $100 million or P5 billion to pay off some of its debts and for additional working capital.
This was disclosed yesterday by Petrocorp chief executive officer Henry Leung who said that the petrochem firm has not been able to operate profitably since it started operation in 1998 due to the general decline in economic activity.
Petrocorp along with two other petrochemical firms are also facing stiff competition from imported polypropylene resins.
[DatePublished] => 2002-07-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 150705
[Title] => Reynolds gets Metrobank nod for restructuring program
[Summary] => Reynolds Philippines Corp. (RPC) has secured the approval of its second largest creditor, Metropolitan Bank and Trust Co., its financial restructuring program anchored on a debt-to-equity conversion.
[DatePublished] => 2002-02-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 146789
[Title] => Reynolds plan gets Landbank approval
[Summary] => The Land Bank of the Philippines (LBP) has approved the financial restructuring plan of Reynolds Philippines Corp. (RPC) which will hopefully bring the top aluminum maker back in operation.
In a disclosure to the PSE, RPC corporate information officer Maria Olivia Yabut-Misa said that as the company’s biggest stockholder and creditor, the approval of LBP would pave the way for securing similar approval of the remaining 67 percent of RPC’s bank creditors by the end of this month.
[DatePublished] => 2002-01-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 146115
[Title] => A fitting finale for a wonderful journey
[Summary] => Johnnie Walker Black Label, described by connoisseur Jim Murray as the "Savoy" and "Everest" of premier whiskies, has successfully held a series of mentor dinners in premier venues throughout the year. The Johnnie Walker Black Label’s Journey of Taste was a tribute to accomplished figures in diverse fields.
[DatePublished] => 2002-01-06 00:00:00
[ColumnID] => 135074
[Focus] => 0
[AuthorID] => 1804795
[AuthorName] => Johnny Litton
[SectionName] => Sunday Lifestyle
[SectionUrl] => sunday-life
[URL] =>
)
[6] => Array
(
[ArticleID] => 139840
[Title] => SEC to finance firms: Keep cash flow levels in check
[Summary] => The Securities and Exchange Commission (SEC) has warned financing companies to keep their cash flow levels in check in order to avoid a possible collapse due to the prevailing adverse economic conditions.
An industry update by the SEC’s Corporation Finance Department (CFD) shows that despite a slight rise in the number of financing companies, their consolidated financial condition has deteriorated this year.
[DatePublished] => 2001-11-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 138205
[Title] => All Asia Life gets more time
[Summary] => All Asia Life Assurance Corp. (All Asia Life) got another lease on life as the Insurance Commission (IC) extended to mid-November its decision on the issuance of a license for the insurance firm.
All Asia Life was reportedly able to submit last week documents covering the remaining P123.4-million capital deficiency. Among these documents are proof of ownership of the property in question, an appraiser’s report, proof of non-encumbrances in tax responsibilities, and others.
[DatePublished] => 2001-10-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 136396
[Title] => Reynolds to go into debt restructuring
[Summary] => Reynolds Philippines Corp. will be undertaking a major debt restructuring program aimed at converting the remaining creditors into stockholders, after the Land Bank of the Philippines (LBP) took in a 36.7-percent stake in the company.
In a disclosure to the Philippine Stock Exchange (PSE), RPC corporate information officer Ma. Olivia Yabut-Misa said a nine-man board management committee (BMC) will be formed to review, evaluate, and implement the debt restructuring plan as well as business plans and programs, capital expenditures and projects of the company.
[DatePublished] => 2001-10-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 134509
[Title] => Landbank seeks jt venture to settle NPLs
[Summary] => The Land Bank of the Philippines (LBP) plans to settle its bad debts or non-performing loans (NPLs) of P29.6 billion along with foreclosed properties worth P11.1 billion by entering into a joint venture with a foreign investment bank or other institutions.
Landbank officials said the state-run bank is currently scouting for a possible joint venture partner which has the financial muscle to help the bank turn around its NPLs and acquired properties.
[DatePublished] => 2001-09-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
November 28, 2002 - 12:00am
January 12, 2002 - 12:00am
November 12, 2001 - 12:00am
October 12, 2001 - 12:00am
