^
+ Follow CREDITOR Tag
CREDITOR
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 852206
                    [Title] => Court of Appeals junks appeal over Mimosa bid
                    [Summary] => 

The Court of Appeals (CA) has junked an attempt of a creditor to stop the Clark Development Corp. (CDC) from bidding out the operation and management of the Mimosa Leisure Estate in Pampanga.

[DatePublished] => 2012-09-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096875 [AuthorName] => Edu Punay [SectionName] => Nation [SectionUrl] => nation [URL] => ) [1] => Array ( [ArticleID] => 638884 [Title] => Tidcorp lost P665M in loan guarantees last year - COA [Summary] =>

The Trade and Investment Development Corp. (Tidcorp), a government-owned and controlled corporation (GOCC), lost over P665 million to creditor banks last year, a Commission on Audit (COA) report revealed.

[DatePublished] => 2010-12-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097363 [AuthorName] => Michael Punongbayan [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 594994 [Title] => Unfair collection tactics [Summary] => Last week’s column on unethical collection practices drew a lot of reactions and rejoinders from my readers. [DatePublished] => 2010-07-21 00:00:00 [ColumnID] => 133814 [Focus] => 0 [AuthorID] => 1288710 [AuthorName] => Ed F. Limtingco [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [3] => Array ( [ArticleID] => 443376 [Title] => Canada's Nortel cuts 3,200 jobs [Summary] =>

OTTAWA (Xinhua) -- Canada's telecom equipment company Nortel Networks yesterday announced to cut 3,200 jobs as part of its efforts to slash costs amid a massive restructuring attempt.

[DatePublished] => 2009-02-26 05:00:46 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [4] => Array ( [ArticleID] => 44785 [Title] => We create our own stumbling blocks [Summary] => [DatePublished] => 2008-02-16 00:00:00 [ColumnID] => 133756 [Focus] => 0 [AuthorID] => 1805279 [AuthorName] => Rey Gamboa [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 308078 [Title] => Global Steel creditors waive default call [Summary] => Majority of the creditor banks of Global Steel International(formerly National Steel Corp.) have agreed to issue a waiver of non-default to the Indian steelmaker after the company agreed to issue another P250 million or roughly $4.5-million letter of credit (L/C) to secure its next loan payment.

Renato Castillo, first senior vice president and chief credit officer of Philippine National Bank, the lead creditor bank of Global Steel, said the creditors had informed Global steel of their favorable decision last Friday, Nov. 18.
[DatePublished] => 2005-11-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097285 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 306117 [Title] => Global Steel default worries 13 creditors [Summary] => The 13 creditor banks of Global Steel International (formerly National Steel Corp.) are becoming apprehensive over the Indian firm’s early default of its remaining P12.5-billion debt with the banks.

The banks are also dismayed that Global Steel has been trying to use some of its assets, already pledged to the banks, as collateral/guarantee for a Philippine Export-Import Bank sovereign guaranty for a $20-million to $30-million loan it is seeking from a foreign creditor.
[DatePublished] => 2005-11-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097285 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 269563 [Title] => Is registration of assignment of chattel mortgage needed to bind third parties? [Summary] => In the subject Credit Transactions, law students often take up the case of Yap Tico vs. Sison, 37 Phil. 584 (1918). Devoid of verbal trappings, the facts involved a creditor who extended a loan secured by a chattel mortgage. The original creditor assigned the chattel mortgage to another, without giving actual notice to the debtor. The new creditor, however, registered the assignment in the chattel mortgage registry. In the absence of actual knowledge, the debtor continued to pay the original creditor. When the loan was paid, the new creditor demanded payment. [DatePublished] => 2005-03-08 00:00:00 [ColumnID] => 135291 [Focus] => 0 [AuthorID] => 1657117 [AuthorName] => POINT OF LAW By Rolando F. Del Castillo [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 261719 [Title] => Creditors assure Danaharta of its share in NSC sales proceeds [Summary] => Creditor-banks of the former National Steel Corp. (NSC) have assured Malaysia’s asset management firm Pengurusan Nasional Danaharta of its fair share in the proceeds of NSC’s sale to the Ispat Group of India.

Sources from the creditor-banks, who recently met with Danaharta officials in Malaysia, said Danaharta did not pose any objection to the sale.

The sources said all Danaharta wanted was an assurance that it would get its fair share from the sale of NSC to Global Infrastructure Holdings Inc., the Philippine subsidiary of the Ispat Group of India.
[DatePublished] => 2004-08-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097285 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 250589 [Title] => Danaharta can’t oppose NSC sale to Global — creditors [Summary] => The Malaysian holding firm Pengurusan Danaharta Nasional Berhad (Danaharta) has no right to vote against the sale of the National Steel Corp. (NSC).

This was the position of the creditor banks of NSC after Danaharta expressed its disapproval of the sale of the troubled steel firm to Global Infrastructure Holdings Ltd. (Global Infrastructure).
[DatePublished] => 2004-05-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Rey Gamboa | February 16, 2008 - 12:00am
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with