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                    [Title] => Lehman Brothers signs MOU on $1-B RP Recovery Fund
                    [Summary] => US investment bank Lehman Brothers signed a memorandum of understanding (MOU) yesterday to set up a $1-billion "Philippine Recovery Fund," which would finance mass housing and acquire non-performing assets of banks, among other programs, to jumpstart the economy.


Lehman Brothers of Asia chief executive officer Jasjit Bhattal signed the agreement with Finance Secretary Jose Isidro Camacho in a ceremony at Malacañang witnessed by President Arroyo and Speaker Jose de Venecia Jr.


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CAMACHO AND ENERGY SECRETARY VINCENT PEREZ

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                    [Title] => Lehman Brothers signs MOU on $1-B RP Recovery Fund
                    [Summary] => US investment bank Lehman Brothers signed a memorandum of understanding (MOU) yesterday to set up a $1-billion "Philippine Recovery Fund," which would finance mass housing and acquire non-performing assets of banks, among other programs, to jumpstart the economy.


Lehman Brothers of Asia chief executive officer Jasjit Bhattal signed the agreement with Finance Secretary Jose Isidro Camacho in a ceremony at Malacañang witnessed by President Arroyo and Speaker Jose de Venecia Jr.


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abtest

Lehman Brothers signs MOU on $1-B RP Recovery Fund

January 13, 2002 - 12:00am

US investment bank Lehman Brothers signed a memorandum of understanding (MOU) yesterday to set up a $1-billion "Philippine Recovery Fund," which would finance mass housing and acquire non-performing assets...

Headlines