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                    [ArticleID] => 290274
                    [Title] => Acesite Hotel incurs higher losses in H1
                    [Summary] => The Gatchalian-owned Acesite (Phils.) Hotel Corp. incurred higher losses in the first half of this year to P81.12 million, from the P78.43-million loss recorded  in the previous year-period.


Acesite owns Manila Pavillion, formerly Holiday Inn Manila. 


Gross revenues, however, rose six percent to P304.08 million from P286.57 million due to the increase in rooms and food and beverage revenues.  Operating income slightly increased to P111.44  million from P110.26 million. 


                    [DatePublished] => 2005-08-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 255327
                    [Title] => Gatchalian group takes over Mla Pavilion
                    [Summary] => Nominees of the Gatchalian-owned Waterfront Philippines Inc. (WPI) finally made it to the board of directors of publicly-listed Acesite (Phils.) Hotel Corp. after the latter held its annual stockholders meeting yesterday to comply with a Securities and Exchange Commission (SEC) directive.


                    [DatePublished] => 2004-06-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 98893
                    [Title] => Gatchalian to pull out 25% stake in Air Phils
                    [Summary] => 

It's the end of the airline partnership between two business tycoons and close
associates of President Estrada: Lucio Tan and William Gatchalian.

Just two weeks after the crash of an Air Philippines flight in Davao -- the
worst in local aviation history -- Gatchalian's Wellex Group said it would pull
out its 25-percent interest in the country's second largest air carrier.

Arthur Ponsaran, corporate secretary of Air Philippines International Corp.
(APIC), the publicly listed holdin
                    [DatePublished] => 2000-05-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 101095
                    [Title] => Wellex, PDCP Bank eye Net link
                    [Summary] => 

Change your game, change your name.

At least two more publicly listed companies are planning to change their
corporate names to complement the shift in the nature of their business toward
the Internet.

By May this year, Wellex Industries Inc., the holding firm for the
manufacturing businesses of presidential adviser for overseas Filipino workers
William Gatchalian, will henceforth be known as ICorp Cybernetics Inc.

"This is to reflect the shift in the primary business activity of the
corporation into the information technology sector that will include all
Internet-based 
                    [DatePublished] => 2000-03-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

ARTHUR PONSARAN

Array
(
    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 290274
                    [Title] => Acesite Hotel incurs higher losses in H1
                    [Summary] => The Gatchalian-owned Acesite (Phils.) Hotel Corp. incurred higher losses in the first half of this year to P81.12 million, from the P78.43-million loss recorded  in the previous year-period.


Acesite owns Manila Pavillion, formerly Holiday Inn Manila. 


Gross revenues, however, rose six percent to P304.08 million from P286.57 million due to the increase in rooms and food and beverage revenues.  Operating income slightly increased to P111.44  million from P110.26 million. 


                    [DatePublished] => 2005-08-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 255327
                    [Title] => Gatchalian group takes over Mla Pavilion
                    [Summary] => Nominees of the Gatchalian-owned Waterfront Philippines Inc. (WPI) finally made it to the board of directors of publicly-listed Acesite (Phils.) Hotel Corp. after the latter held its annual stockholders meeting yesterday to comply with a Securities and Exchange Commission (SEC) directive.


                    [DatePublished] => 2004-06-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 98893
                    [Title] => Gatchalian to pull out 25% stake in Air Phils
                    [Summary] => 

It's the end of the airline partnership between two business tycoons and close
associates of President Estrada: Lucio Tan and William Gatchalian.

Just two weeks after the crash of an Air Philippines flight in Davao -- the
worst in local aviation history -- Gatchalian's Wellex Group said it would pull
out its 25-percent interest in the country's second largest air carrier.

Arthur Ponsaran, corporate secretary of Air Philippines International Corp.
(APIC), the publicly listed holdin
                    [DatePublished] => 2000-05-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 101095
                    [Title] => Wellex, PDCP Bank eye Net link
                    [Summary] => 

Change your game, change your name.

At least two more publicly listed companies are planning to change their
corporate names to complement the shift in the nature of their business toward
the Internet.

By May this year, Wellex Industries Inc., the holding firm for the
manufacturing businesses of presidential adviser for overseas Filipino workers
William Gatchalian, will henceforth be known as ICorp Cybernetics Inc.

"This is to reflect the shift in the primary business activity of the
corporation into the information technology sector that will include all
Internet-based 
                    [DatePublished] => 2000-03-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Acesite Hotel incurs higher losses in H1

By Zinnia B. Dela Peña | August 7, 2005 - 12:00am

The Gatchalian-owned Acesite (Phils.) Hotel Corp. incurred higher losses in the first half of this year to P81.12 million, from the P78.43-million loss recorded in the previous year-period. Acesite owns Manila...

Business

Gatchalian group takes over Mla Pavilion

By Zinnia B. Dela Peña | June 26, 2004 - 12:00am

Nominees of the Gatchalian-owned Waterfront Philippines Inc. (WPI) finally made it to the board of directors of publicly-listed Acesite (Phils.) Hotel Corp. after the latter held its annual stockholders meeting yesterday...

Business

Gatchalian to pull out 25% stake in Air Phils

By Christina Mendez | May 4, 2000 - 12:00am

It's the end of the airline partnership between two business tycoons and close associates of President Estrada: Lucio Tan and William Gatchalian. Just two weeks after the crash of an Air Philippines flight in...

Business

Wellex, PDCP Bank eye Net link

By Christina Mendez | March 17, 2000 - 12:00am

Change your game, change your name. At least two more publicly listed companies are planning to change their corporate names to complement the shift in the nature of their business toward the Internet. By May...

Business