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                    [ArticleID] => 218865
                    [Title] => WG&A absorbs operations of Cebu Ferries Corp
                    [Summary] => WG&A , the country’s largest shipping firm, will absorb the operations of its wholly-owned subsidiary Cebu Ferries Corp. as part of continuing efforts to improve operational efficiencies, the company told the Philippine Stock Exchange.


In a disclosure,  WG&A said its board of directors decided to transfer to the company the shipping operations of CFC on or before Nov. 1.


CFC operates five vessels which it charters from WG&A.


The move is in line with efforts to streamline operations and cut on costs, WG&A said.


                    [DatePublished] => 2003-08-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 181022
                    [Title] => WG&A net profit down to P250.9M in 1st 9 months
                    [Summary] => Higher depreciation charges and operating expenses pulled down the net income of listed shipping firm William, Gothong & Aboitiz (WG&A) in the first nine months of the year to P250.89 million from P564.57 million the previous level.


Excluding the non-recurring items booked in 2002 and 2003, WG&A said, in a quarterly report filed with the Securities Exchange Commission, that its net income would have been P520 million.


                    [DatePublished] => 2002-10-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 171489
                    [Title] => WG&A seeks P1-B loan to buy two ships
                    [Summary] => Listed shipping firm WG&A will borrow P1 billion from a consortium of banks to finance the acquisition of two new vessels to further improve its services to the commuting public.


In a disclosure to the Securities and Exchange Commission, WG&A chief financial officer Susan Valdez said the board authorized the corporation to secure a P1-billion loan from a syndicate of banks, headed by Citibank N.A.with the two new vessels to be acquired as collateral.


The board approved the purchase from Meimon Taiyo Co. Ltd. of Japan of two vessels for $16 million.


                    [DatePublished] => 2002-08-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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GOTHONG AND CHIONGBIAN

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                    [ArticleID] => 218865
                    [Title] => WG&A absorbs operations of Cebu Ferries Corp
                    [Summary] => WG&A , the country’s largest shipping firm, will absorb the operations of its wholly-owned subsidiary Cebu Ferries Corp. as part of continuing efforts to improve operational efficiencies, the company told the Philippine Stock Exchange.


In a disclosure,  WG&A said its board of directors decided to transfer to the company the shipping operations of CFC on or before Nov. 1.


CFC operates five vessels which it charters from WG&A.


The move is in line with efforts to streamline operations and cut on costs, WG&A said.


                    [DatePublished] => 2003-08-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 181022
                    [Title] => WG&A net profit down to P250.9M in 1st 9 months
                    [Summary] => Higher depreciation charges and operating expenses pulled down the net income of listed shipping firm William, Gothong & Aboitiz (WG&A) in the first nine months of the year to P250.89 million from P564.57 million the previous level.


Excluding the non-recurring items booked in 2002 and 2003, WG&A said, in a quarterly report filed with the Securities Exchange Commission, that its net income would have been P520 million.


                    [DatePublished] => 2002-10-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 171489
                    [Title] => WG&A seeks P1-B loan to buy two ships
                    [Summary] => Listed shipping firm WG&A will borrow P1 billion from a consortium of banks to finance the acquisition of two new vessels to further improve its services to the commuting public.


In a disclosure to the Securities and Exchange Commission, WG&A chief financial officer Susan Valdez said the board authorized the corporation to secure a P1-billion loan from a syndicate of banks, headed by Citibank N.A.with the two new vessels to be acquired as collateral.


The board approved the purchase from Meimon Taiyo Co. Ltd. of Japan of two vessels for $16 million.


                    [DatePublished] => 2002-08-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

WG&A absorbs operations of Cebu Ferries Corp

By Zinnia B. Dela Peña | August 28, 2003 - 12:00am

WG&A , the country’s largest shipping firm, will absorb the operations of its wholly-owned subsidiary Cebu Ferries Corp. as part of continuing efforts to improve operational efficiencies, the company told...

Business

WG&A net profit down to P250.9M in 1st 9 months

By Zinnia B. Dela Peña | October 23, 2002 - 12:00am

Higher depreciation charges and operating expenses pulled down the net income of listed shipping firm William, Gothong & Aboitiz (WG&A) in the first nine months of the year to P250.89 million from P564.57...

Business

WG&A seeks P1-B loan to buy two ships

By Zinnia B. Dela Peña | August 10, 2002 - 12:00am

Listed shipping firm WG&A will borrow P1 billion from a consortium of banks to finance the acquisition of two new vessels to further improve its services to the commuting public. In a disclosure to the Securities...

Business