^
+ Follow INSOLVENCY Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1332097
                    [Title] => EU ministers back proposal to modernize cross-border insolvency rules
                    [Summary] => 

European Union (EU) Justice Ministers Friday reached a agreement on new rules to deal with cross-border insolvency issue, aiming at helping businesses overcome financial difficulties.

[DatePublished] => 2014-06-06 23:30:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => World [SectionUrl] => world [URL] => ) [1] => Array ( [ArticleID] => 1263851 [Title] => BSP bats for more reforms Stronger insolvency framework pushed [Summary] =>

The Bangko Sentral ng Pilipinas (BSP) said the country needs a stronger insolvency framework to reduce the losses incurred by the bankrupt firms’ creditors.

[DatePublished] => 2013-12-04 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1438879 [AuthorName] => Kathleen A. Martin [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 540157 [Title] => Banks say new law to spur lending [Summary] =>

Banks believe that the passage of a landmark piece of legislation that seeks to improve the country’s vintage insolvency law would spur bank lending in the Philippines.

[DatePublished] => 2010-01-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 456683 [Title] => Angara files bill to update 100-year old bankruptcy law [Summary] =>

MANILA, Philippines - Sen. Edgardo Angara has filed a bill seeking to update the country’s 100-year-old bankruptcy law, saying failure to do so could be harmful to the economy and financial system especially during this time of global financial crisis.

[DatePublished] => 2009-04-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804901 [AuthorName] => Aurea Calica [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 184073 [Title] => Resuscitate not liquidate [Summary] => Two years ago, the World Bank gave the Philippines the notorious reputation of having the worst creditor protection system in the region.

According to the World Bank survey, the Philippines ranked poorest compared to other Southeast Asian countries like Hong Kong, Singapore, Malaysia and even Indonesia. The survey pointed out that existing laws tend to favor irresponsible borrowers, and thus leave creditor banks holding the empty bag.
[DatePublished] => 2002-11-15 00:00:00 [ColumnID] => 133715 [Focus] => 0 [AuthorID] => 1805279 [AuthorName] => Rey Gamboa [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
INSOLVENCY
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1332097
                    [Title] => EU ministers back proposal to modernize cross-border insolvency rules
                    [Summary] => 

European Union (EU) Justice Ministers Friday reached a agreement on new rules to deal with cross-border insolvency issue, aiming at helping businesses overcome financial difficulties.

[DatePublished] => 2014-06-06 23:30:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => World [SectionUrl] => world [URL] => ) [1] => Array ( [ArticleID] => 1263851 [Title] => BSP bats for more reforms Stronger insolvency framework pushed [Summary] =>

The Bangko Sentral ng Pilipinas (BSP) said the country needs a stronger insolvency framework to reduce the losses incurred by the bankrupt firms’ creditors.

[DatePublished] => 2013-12-04 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1438879 [AuthorName] => Kathleen A. Martin [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 540157 [Title] => Banks say new law to spur lending [Summary] =>

Banks believe that the passage of a landmark piece of legislation that seeks to improve the country’s vintage insolvency law would spur bank lending in the Philippines.

[DatePublished] => 2010-01-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 456683 [Title] => Angara files bill to update 100-year old bankruptcy law [Summary] =>

MANILA, Philippines - Sen. Edgardo Angara has filed a bill seeking to update the country’s 100-year-old bankruptcy law, saying failure to do so could be harmful to the economy and financial system especially during this time of global financial crisis.

[DatePublished] => 2009-04-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804901 [AuthorName] => Aurea Calica [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 184073 [Title] => Resuscitate not liquidate [Summary] => Two years ago, the World Bank gave the Philippines the notorious reputation of having the worst creditor protection system in the region.

According to the World Bank survey, the Philippines ranked poorest compared to other Southeast Asian countries like Hong Kong, Singapore, Malaysia and even Indonesia. The survey pointed out that existing laws tend to favor irresponsible borrowers, and thus leave creditor banks holding the empty bag.
[DatePublished] => 2002-11-15 00:00:00 [ColumnID] => 133715 [Focus] => 0 [AuthorID] => 1805279 [AuthorName] => Rey Gamboa [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with