GEORGE AND VERONICA LORENZANA

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                    [ArticleID] => 160689
                    [Title] => From the ash fall of  Pinatubo
                    [Summary] => White Rock Resort Inc. remains  a favorite case study among   bank loan officers. 


It began shortly after the 1991 eruption of Mt. Pinatubo when  a branch manager  visited the resort hotel fronting Subic Bay. The banker  expected to commiserate with owners, George and Veronica Lorenzana,  who were barely  breaking even when two feet of ash fall brought down the roof of their one-storey business. Instead, he met a couple who shrugged off the caved in roof and excitedly talked about how lahar expanded  their beach front property from 1.9 hectares  to 5.6 hectares.  


                    [DatePublished] => 2002-05-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1721099
                    [AuthorName] => Rose G. De La Cruz
                    [SectionName] => Business As Usual
                    [SectionUrl] => business-as-usual
                    [URL] => 
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From the ash fall of Pinatubo

By Rose G. De La Cruz | May 13, 2002 - 12:00am

White Rock Resort Inc. remains a favorite case study among bank loan officers. It began shortly after the 1991 eruption of Mt. Pinatubo when a branch manager visited the resort hotel fronting Subic Bay. The...

Business As Usual