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                    [Title] => Victorias Milling okays debt conversion into equity
                    [Summary] => 
Listed Sugar miller Victorias Milling Company Inc.has reached a settlement with its creditors to convert part of its existing debts to equity.

                    [DatePublished] => 2013-12-17 00:00:00
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                    [ArticleID] => 279693
                    [Title] => Banco de Oro needs P11billion to gain control of Equitable PCI
                    [Summary] => Banco de Oro Universal Bank, the banking unit of retail tycoon Henry Sy, would need around P11 billion to acquire the combined shareholdings of state pension fund Social Security System (SSS) and EBC Investments Inc. in Equitable PCIBank, currently the country’s third  largest lender.


BDO president Nestor Tan said the bank remains interested in Equitable PCIBank  as it positions itself to be among the top three banks in the country.


                    [DatePublished] => 2005-05-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 276697
                    [Title] => Banco De Oro acquires UOB branches for P600M
                    [Summary] => Banco De Oro Universal Bank (BDO), the banking unit of the SM Group of retail tycoon Henry Sy, has signed an agreement with Singapore’s United Overseas Bank Ltd. (UOB) to acquire the latter’s 66-branch network in the Philippines and certain deposit liabilities for P600 million.


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                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 213699
                    [Title] => PSE lifts trading suspension on First E-Bank
                    [Summary] => The Philippine Stock Exchange (PSE) lifted yesterday the trading suspension on  First E-Bank Corp. shares following the bank’s compliance with the bourse’s reportorial requirements and the payment of the corresponding  fines.


In a memo to brokers,  PSE’s Disclosure Department head Trisha Zamesa said First E-Bank has already submitted 200 copies of its quarterly report for the period January to March 2003 and paid the necessary fines.


                    [DatePublished] => 2003-07-15 00:00:00
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                    [ArticleID] => 162023
                    [Title] => Metro Pacific incurs P521-M loss
                    [Summary] => Despite a P521-million loss in the first quarter, property conglomerate Metro Pacific Corp. remains optimistic of an improvement in its balance sheet over the short term due to its continued debt restructuring program and the favorable performance of its subsidiaries and affiliates.


Company spokesman David Nugent said MPC is in the middle of a transition from a diversified conglomerate to a holding firm for its core business of property development.


                    [DatePublished] => 2002-05-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
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                    [SectionUrl] => business
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                    [ArticleID] => 141922
                    [Title] => Metro Pacific shelves plan to sell stake in Negros Navigation
                    [Summary] => Metro Pacific Corp. (MPC) has aborted its plan to unload its controlling stake in domestic shipping line Negros Navigation Co. Inc. (Nenaco) while its only remaining non-property asset, First E-Bank, has been getting several bid offers.


MPC chairman and acting CEO Manuel Pangilinan said the company’s board has decided to withdraw a June 30, 2001 proposal to dispose of its entire 74-percent interest in Nenaco by distributing these shares as property dividends to MPC stockholders.


                    [DatePublished] => 2001-11-30 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
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FIRST E-BANK

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                    [ArticleID] => 1268854
                    [Title] => Victorias Milling okays debt conversion into equity
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Listed Sugar miller Victorias Milling Company Inc.has reached a settlement with its creditors to convert part of its existing debts to equity.

                    [DatePublished] => 2013-12-17 00:00:00
                    [ColumnID] => 0
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                    [Title] => Banco de Oro needs P11billion to gain control of Equitable PCI
                    [Summary] => Banco de Oro Universal Bank, the banking unit of retail tycoon Henry Sy, would need around P11 billion to acquire the combined shareholdings of state pension fund Social Security System (SSS) and EBC Investments Inc. in Equitable PCIBank, currently the country’s third  largest lender.


BDO president Nestor Tan said the bank remains interested in Equitable PCIBank  as it positions itself to be among the top three banks in the country.


                    [DatePublished] => 2005-05-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 276697
                    [Title] => Banco De Oro acquires UOB branches for P600M
                    [Summary] => Banco De Oro Universal Bank (BDO), the banking unit of the SM Group of retail tycoon Henry Sy, has signed an agreement with Singapore’s United Overseas Bank Ltd. (UOB) to acquire the latter’s 66-branch network in the Philippines and certain deposit liabilities for P600 million.


                    [DatePublished] => 2005-05-08 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 213699
                    [Title] => PSE lifts trading suspension on First E-Bank
                    [Summary] => The Philippine Stock Exchange (PSE) lifted yesterday the trading suspension on  First E-Bank Corp. shares following the bank’s compliance with the bourse’s reportorial requirements and the payment of the corresponding  fines.


In a memo to brokers,  PSE’s Disclosure Department head Trisha Zamesa said First E-Bank has already submitted 200 copies of its quarterly report for the period January to March 2003 and paid the necessary fines.


                    [DatePublished] => 2003-07-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [URL] => 
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                    [ArticleID] => 162023
                    [Title] => Metro Pacific incurs P521-M loss
                    [Summary] => Despite a P521-million loss in the first quarter, property conglomerate Metro Pacific Corp. remains optimistic of an improvement in its balance sheet over the short term due to its continued debt restructuring program and the favorable performance of its subsidiaries and affiliates.


Company spokesman David Nugent said MPC is in the middle of a transition from a diversified conglomerate to a holding firm for its core business of property development.


                    [DatePublished] => 2002-05-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 141922
                    [Title] => Metro Pacific shelves plan to sell stake in Negros Navigation
                    [Summary] => Metro Pacific Corp. (MPC) has aborted its plan to unload its controlling stake in domestic shipping line Negros Navigation Co. Inc. (Nenaco) while its only remaining non-property asset, First E-Bank, has been getting several bid offers.


MPC chairman and acting CEO Manuel Pangilinan said the company’s board has decided to withdraw a June 30, 2001 proposal to dispose of its entire 74-percent interest in Nenaco by distributing these shares as property dividends to MPC stockholders.


                    [DatePublished] => 2001-11-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
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abtest

Victorias Milling okays debt conversion into equity

December 17, 2013 - 12:00am

Listed Sugar miller Victorias Milling Company Inc.has reached a settlement with its creditors to convert part of its existing debts to equity.

Business

Banco de Oro needs P11billion to gain control of Equitable PCI

By Zinnia B. Dela Peña | May 30, 2005 - 12:00am

Banco de Oro Universal Bank, the banking unit of retail tycoon Henry Sy, would need around P11 billion to acquire the combined shareholdings of state pension fund Social Security System (SSS) and EBC Investments...

Business

Banco De Oro acquires UOB branches for P600M

By Zinnia B. Dela Peña | May 8, 2005 - 12:00am

Banco De Oro Universal Bank (BDO), the banking unit of the SM Group of retail tycoon Henry Sy, has signed an agreement with Singapore’s United Overseas Bank Ltd. (UOB) to acquire the latter’s 66-branch...

Business

PSE lifts trading suspension on First E-Bank

By Zinnia B. Dela Peña | July 15, 2003 - 12:00am

The Philippine Stock Exchange (PSE) lifted yesterday the trading suspension on First E-Bank Corp. shares following the bank’s compliance with the bourse’s reportorial requirements and the payment of the...

Business

Metro Pacific incurs P521-M loss

By Christina Mendez | May 24, 2002 - 12:00am

Despite a P521-million loss in the first quarter, property conglomerate Metro Pacific Corp. remains optimistic of an improvement in its balance sheet over the short term due to its continued debt restructuring program...

Business

Metro Pacific shelves plan to sell stake in Negros Navigation

By Christina Mendez | November 30, 2001 - 12:00am

Metro Pacific Corp. (MPC) has aborted its plan to unload its controlling stake in domestic shipping line Negros Navigation Co. Inc. (Nenaco) while its only remaining non-property asset, First E-Bank, has been getting...

Business