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                    [ArticleID] => 204433
                    [Title] => Abacus maps out plan to reduce costs, obligations
                    [Summary] => Publicly-listed financial holdings company First Abacus Financial Holdings Inc. will embark on a number of strategies to reduce costs and outstanding obligations and to further strengthen its revenue streams as part of efforts to streamline operations.


According to documents filed at the Securities and Exchange Commission, First Abacus is committed to further reduce its debt by at least one-third without sacrificing the integrity and the efficiency of its processes.  It plans to achieve this by selling non-core assets.


                    [DatePublished] => 2003-05-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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FIRST ABACUS

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                    [Title] => Abacus maps out plan to reduce costs, obligations
                    [Summary] => Publicly-listed financial holdings company First Abacus Financial Holdings Inc. will embark on a number of strategies to reduce costs and outstanding obligations and to further strengthen its revenue streams as part of efforts to streamline operations.


According to documents filed at the Securities and Exchange Commission, First Abacus is committed to further reduce its debt by at least one-third without sacrificing the integrity and the efficiency of its processes.  It plans to achieve this by selling non-core assets.


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Abacus maps out plan to reduce costs, obligations

By Zinnia B. Dela Peña | May 1, 2003 - 12:00am

Publicly-listed financial holdings company First Abacus Financial Holdings Inc. will embark on a number of strategies to reduce costs and outstanding obligations and to further strengthen its revenue streams as part...

Business