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                    [ArticleID] => 151187
                    [Title] => Solon cautions SSS on investments
                    [Summary] => The Social Security System (SSS) has so far lost some P6.1 billion as an offshoot of its P8.5-billion worth of equity investments in Equitable PCI Bank Corp., Belle Corp. and failed Urban Banking Corp.


Senate Majority Leader Loren Legarda made this revelation as she urged the SSS to be more prudent in future investment decisions in order to avoid more financial losses.


Legarda cautioned the SSS against repeating blunders committed in the previous administration, when it got involved in "politically-induced" investments that left it holding the empty bag.


                    [DatePublished] => 2002-02-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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EQUITABLE AND BELLE

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    [results] => Array
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            [0] => Array
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                    [ArticleID] => 151187
                    [Title] => Solon cautions SSS on investments
                    [Summary] => The Social Security System (SSS) has so far lost some P6.1 billion as an offshoot of its P8.5-billion worth of equity investments in Equitable PCI Bank Corp., Belle Corp. and failed Urban Banking Corp.


Senate Majority Leader Loren Legarda made this revelation as she urged the SSS to be more prudent in future investment decisions in order to avoid more financial losses.


Legarda cautioned the SSS against repeating blunders committed in the previous administration, when it got involved in "politically-induced" investments that left it holding the empty bag.


                    [DatePublished] => 2002-02-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

        )

)

abtest

Solon cautions SSS on investments

February 19, 2002 - 12:00am

The Social Security System (SSS) has so far lost some P6.1 billion as an offshoot of its P8.5-billion worth of equity investments in Equitable PCI Bank Corp., Belle Corp. and failed Urban Banking Corp. Senate Majority...

Banking