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    [results] => Array
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                (
                    [ArticleID] => 177980
                    [Title] => Transfer of First Centennial Clark to CDC may be held up
                    [Summary] => The plan of the National Development Co. (NDC) to transfer the money-draining First Centennial Clark Corp. (FCCC) to the Clark Development Corp. (CDC) may be held up, if Asian Construction Development Corp. (Asiakonstrukt), a minority shareholder in FCCC, opposes the transfer.


This possibility was confirmed by Trade and Industry Secretary Manuel Roxas II last week.


According to Roxas, Asiakonstrukt, although a minority shareholder in FCCC, actually has the veto power over corporate decisions of FCCC which constructed the Expo Filipino in Clark.


                    [DatePublished] => 2002-09-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 98407
                    [Title] => NDC writes off P4 B in bad investments
                    [Summary] => The Economic Coordinating Council (ECC) has allowed the National Development Co. (NDC) to absorb some P4 billion in losses due to bad investments and loans to such companies as the controversial First Centennial Clark Corp. and the National Steel Corp.


Trade and Industry Secretary Manuel Roxas II told reporters that the ECC approved the NDC decision to clean up its books as the government’s investment arm gears up for financial restructuring.


                    [DatePublished] => 2000-10-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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FIRST CENTENNIAL CLARK CORP

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    [results] => Array
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                    [ArticleID] => 177980
                    [Title] => Transfer of First Centennial Clark to CDC may be held up
                    [Summary] => The plan of the National Development Co. (NDC) to transfer the money-draining First Centennial Clark Corp. (FCCC) to the Clark Development Corp. (CDC) may be held up, if Asian Construction Development Corp. (Asiakonstrukt), a minority shareholder in FCCC, opposes the transfer.


This possibility was confirmed by Trade and Industry Secretary Manuel Roxas II last week.


According to Roxas, Asiakonstrukt, although a minority shareholder in FCCC, actually has the veto power over corporate decisions of FCCC which constructed the Expo Filipino in Clark.


                    [DatePublished] => 2002-09-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 98407
                    [Title] => NDC writes off P4 B in bad investments
                    [Summary] => The Economic Coordinating Council (ECC) has allowed the National Development Co. (NDC) to absorb some P4 billion in losses due to bad investments and loans to such companies as the controversial First Centennial Clark Corp. and the National Steel Corp.


Trade and Industry Secretary Manuel Roxas II told reporters that the ECC approved the NDC decision to clean up its books as the government’s investment arm gears up for financial restructuring.


                    [DatePublished] => 2000-10-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Transfer of First Centennial Clark to CDC may be held up

By Marianne V. Go | September 30, 2002 - 12:00am

The plan of the National Development Co. (NDC) to transfer the money-draining First Centennial Clark Corp. (FCCC) to the Clark Development Corp. (CDC) may be held up, if Asian Construction Development Corp. (Asiakonstrukt),...

Business

NDC writes off P4 B in bad investments

By Des Ferriols | October 4, 2000 - 12:00am

The Economic Coordinating Council (ECC) has allowed the National Development Co. (NDC) to absorb some P4 billion in losses due to bad investments and loans to such companies as the controversial First Centennial...

Business