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+ Follow FRANCISCO DIZON AND VICENTE PANLILIO Tag
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[Title] => Tan, PDIC set to sign term sheet on government takeover of PNB
[Summary] => The state-run Philippine Deposit Insurance Corp. (PDIC) and the group of business tycoon Lucio Tan are set to sign next week the term sheet that will spell out the critical features of governments retaking control of debt-saddled Philippine National Bank (PNB).
Further more, government is hoping that the memorandum of agreement (MOA) itself that will be the basis for the implementation of the banks rehabilitation program will be signed before the end of the year or early next year.
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FRANCISCO DIZON AND VICENTE PANLILIO
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[Title] => Tan, PDIC set to sign term sheet on government takeover of PNB
[Summary] => The state-run Philippine Deposit Insurance Corp. (PDIC) and the group of business tycoon Lucio Tan are set to sign next week the term sheet that will spell out the critical features of governments retaking control of debt-saddled Philippine National Bank (PNB).
Further more, government is hoping that the memorandum of agreement (MOA) itself that will be the basis for the implementation of the banks rehabilitation program will be signed before the end of the year or early next year.
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By Rocel Felix | December 14, 2001 - 12:00am
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