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                    [ArticleID] => 299770
                    [Title] => Asian Terminals changes by-laws on capex over P10M
                    [Summary] => Port operator Asian Terminals Inc. (ATI) has revised its by-laws to require a two-thirds vote of the board of directors for expenses over P10 million for budgeted capital expenditures.


In a disclosure to the Philippine Stock Exchange, ATI said a two-thirds vote of the board is also required for expenses over P5 million for unbudgeted capital expenditures and P5 million for development expenditures.


ATI is pursuing the upgrade of its flagship Manila South Harbour terminal, despite setbacks last year in its international container and non-container operations.


                    [DatePublished] => 2005-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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JERRY RICKCORD

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                    [ArticleID] => 299770
                    [Title] => Asian Terminals changes by-laws on capex over P10M
                    [Summary] => Port operator Asian Terminals Inc. (ATI) has revised its by-laws to require a two-thirds vote of the board of directors for expenses over P10 million for budgeted capital expenditures.


In a disclosure to the Philippine Stock Exchange, ATI said a two-thirds vote of the board is also required for expenses over P5 million for unbudgeted capital expenditures and P5 million for development expenditures.


ATI is pursuing the upgrade of its flagship Manila South Harbour terminal, despite setbacks last year in its international container and non-container operations.


                    [DatePublished] => 2005-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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abtest

Asian Terminals changes by-laws on capex over P10M

By Zinnia B. Dela Peña | October 3, 2005 - 12:00am

Port operator Asian Terminals Inc. (ATI) has revised its by-laws to require a two-thirds vote of the board of directors for expenses over P10 million for budgeted capital expenditures. In a disclosure to the Philippine...

Business