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                    [Title] => Japanese resort owner vows to pay workers
                    [Summary] => The former owner of defunct Coral Reef Resort vowed to properly compensate its unpaid employees if the court grants its wish to take back the property's ownership from the Philippine National Bank (PNB).
                    [DatePublished] => 2006-11-22 00:00:00
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                    [Title] => Japanese resort owner vows to pay workers
                    [Summary] => The former owner of defunct Coral Reef Resort vowed to properly compensate its unpaid employees if the court grants its wish to take back the property's ownership from the Philippine National Bank (PNB).
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                    [Title] => PNB told to negotiate with ex resort owner
                    [Summary] => 



The interested Korean buyer of the controversial Coral Reef Resort in Mactan Island is asking the Philippine National Bank (PNB) to agree on a compromise deal with the property's former owner to hasten the re-opening of the 36-hectare resort and golf club.


The interested Korean buyer, Sea Born and Fil Kotchi consortium represented by Chang Nam Moon said while his group cannot pursue a buy-out negotiation with the former lead owner of the resort Kenichi Akimoto, Moon said the group wants PNB to clench a compromise arrangement with Akimoto.


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                    [ArticleID] => 362991
                    [Title] => Former Coral Reef operators attempt to regain ownership
                    [Summary] => 



The owner of the 36-hectare defunct Coral Reef Resort in Mactan Island is fighting to get back the property from the Philippine National Bank (PNB), claiming that the bank's foreclosure last year was illegal.


Coral Reef Resort company operators Japanese-led Palm Tree Estate Inc., and Bell Air Golf and Country Club accused the Lucio Tan-led PNB of an illegal foreclosure of the property.


"The terms of conditions were changed after the loan was constituted," legal counsel Judge Romulo Senining said in a press conference.


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BELL AIR GOLF COUNTRY CLUB

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                    [Title] => Japanese resort owner vows to pay workers
                    [Summary] => The former owner of defunct Coral Reef Resort vowed to properly compensate its unpaid employees if the court grants its wish to take back the property's ownership from the Philippine National Bank (PNB).
                    [DatePublished] => 2006-11-22 00:00:00
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                    [Title] => Japanese resort owner vows to pay workers
                    [Summary] => The former owner of defunct Coral Reef Resort vowed to properly compensate its unpaid employees if the court grants its wish to take back the property's ownership from the Philippine National Bank (PNB).
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                    [ArticleID] => 368254
                    [Title] => PNB told to negotiate with ex resort owner
                    [Summary] => 



The interested Korean buyer of the controversial Coral Reef Resort in Mactan Island is asking the Philippine National Bank (PNB) to agree on a compromise deal with the property's former owner to hasten the re-opening of the 36-hectare resort and golf club.


The interested Korean buyer, Sea Born and Fil Kotchi consortium represented by Chang Nam Moon said while his group cannot pursue a buy-out negotiation with the former lead owner of the resort Kenichi Akimoto, Moon said the group wants PNB to clench a compromise arrangement with Akimoto.


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                    [ArticleID] => 362991
                    [Title] => Former Coral Reef operators attempt to regain ownership
                    [Summary] => 



The owner of the 36-hectare defunct Coral Reef Resort in Mactan Island is fighting to get back the property from the Philippine National Bank (PNB), claiming that the bank's foreclosure last year was illegal.


Coral Reef Resort company operators Japanese-led Palm Tree Estate Inc., and Bell Air Golf and Country Club accused the Lucio Tan-led PNB of an illegal foreclosure of the property.


"The terms of conditions were changed after the loan was constituted," legal counsel Judge Romulo Senining said in a press conference.


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abtest

Japanese resort owner vows to pay workers

By Ehda Dagooc | November 22, 2006 - 12:00am

The former owner of defunct Coral Reef Resort vowed to properly compensate its unpaid employees if the court grants its wish to take back the property's ownership from the Philippine National Bank (PNB).

Freeman Cebu Business

Japanese resort owner vows to pay workers

By Ehda Dagooc | November 22, 2006 - 12:00am

The former owner of defunct Coral Reef Resort vowed to properly compensate its unpaid employees if the court grants its wish to take back the property's ownership from the Philippine National Bank (PNB).

Freeman Cebu Business

PNB told to negotiate with ex resort owner

By Ehda Dagooc | November 11, 2006 - 12:00am

The interested Korean buyer of the controversial Coral Reef Resort in Mactan Island is asking the Philippine National Bank (PNB) to agree on a compromise deal with the property's former owner to hasten the...

Freeman Cebu Business

Former Coral Reef operators attempt to regain ownership

By Ehda Dagooc | October 14, 2006 - 12:00am

The owner of the 36-hectare defunct Coral Reef Resort in Mactan Island is fighting to get back the property from the Philippine National Bank (PNB), claiming that the bank's foreclosure last year was illegal. Coral...

Freeman Cebu Business