+ Follow FAIRWAYVIEW AND CRYSTAL AIRE Tag
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[ArticleID] => 139374
[Title] => Filinvest plans to sell P2-B receivables to ease debt burden
[Summary] => With dwindling earnings, property developer Filinvest Land Inc. (FLI) plans to tap the capital market once more to help service its loan obligations and avoid falling into the same kind of "debt trap" that has caused the collapse of a number of companies, especially real estate firms.
FLI said it plans to sell an additional P2-billion worth of receivables from its reserved housing units as part of a package of measures it is undertaking to reduce its debts.
[DatePublished] => 2001-11-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 134700
[Title] => Filinvest to issue P1-B long-term papers
[Summary] => Filinvest Land Inc. will issue up to P1-billion worth of long-term commercial papers to help service its debts and finance its working capital requirements, the company told the Philippine Stock Exchange.
FLI corporate secretary Dante Ramos said the company’s board of directors had authorized the issuance of the debt papers "for purposes of financing the Corporation’s various development projects as well as the Corporation’s working capital requirements, including servicing of obligations."
[DatePublished] => 2001-09-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[2] => Array
(
[ArticleID] => 130482
[Title] => Filinvest posts lower income
[Summary] => Filinvest Land Inc. (FLI) posted a net income of P320 million in the first half of 2001, a 14-percent drop from P374 million in the same period last year as decreased income from other investments and higher operating expenses weighed down the gain in revenues.
Financial documents filed at the Securities and Exchange Commission showed that indicative of the continuing difficult business environment, FLI realized near flat growth in gross profit on sales of subdivision lots and houses, from P496.3 million to P505.3 million.
[DatePublished] => 2001-08-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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FAIRWAYVIEW AND CRYSTAL AIRE
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 139374
[Title] => Filinvest plans to sell P2-B receivables to ease debt burden
[Summary] => With dwindling earnings, property developer Filinvest Land Inc. (FLI) plans to tap the capital market once more to help service its loan obligations and avoid falling into the same kind of "debt trap" that has caused the collapse of a number of companies, especially real estate firms.
FLI said it plans to sell an additional P2-billion worth of receivables from its reserved housing units as part of a package of measures it is undertaking to reduce its debts.
[DatePublished] => 2001-11-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 134700
[Title] => Filinvest to issue P1-B long-term papers
[Summary] => Filinvest Land Inc. will issue up to P1-billion worth of long-term commercial papers to help service its debts and finance its working capital requirements, the company told the Philippine Stock Exchange.
FLI corporate secretary Dante Ramos said the company’s board of directors had authorized the issuance of the debt papers "for purposes of financing the Corporation’s various development projects as well as the Corporation’s working capital requirements, including servicing of obligations."
[DatePublished] => 2001-09-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 130482
[Title] => Filinvest posts lower income
[Summary] => Filinvest Land Inc. (FLI) posted a net income of P320 million in the first half of 2001, a 14-percent drop from P374 million in the same period last year as decreased income from other investments and higher operating expenses weighed down the gain in revenues.
Financial documents filed at the Securities and Exchange Commission showed that indicative of the continuing difficult business environment, FLI realized near flat growth in gross profit on sales of subdivision lots and houses, from P496.3 million to P505.3 million.
[DatePublished] => 2001-08-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
August 17, 2001 - 12:00am
