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                    [ArticleID] => 217035
                    [Title] => Metro Pacific back in the black in H1
                    [Summary] => Holding firm Metro Pacific Corp. (MPC) swung back to profitability  in the first half of this year as it reported a net income of P93.9 million, a huge turnaround from the P8.07-billion net loss the past year.


MPC president and chief executive officer Jose Ma. Lim said the company’s return to profitability was a result of "achieving significant debt reduction progress, reducing expenses, and improving the performance of our individual business units."


                    [DatePublished] => 2003-08-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 202413
                    [Title] => Closing of MPC deal with ALI, Greenfield delayed
                    [Summary] => Metro Pacific Corp., the local flagship of Hong Kong’s First Pacific Co. Ltd., announced yesterday that the closing of the deal involving the assignment of its $90-million loan from Larouge B.V. to Ayala Land Inc. and Greenfield Development Corp., will take 15 more days to be completed.


In a disclosure to the Philippine Stock Exchange, MPC said the closing of the transaction, which was originally scheduled for April 2, 2003 has been extended by two more weeks, or until April 17.


                    [DatePublished] => 2003-04-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 201310
                    [Title] => Ayala Land sees better Q1 income
                    [Summary] => Property giant Ayala Land Inc. (ALI) said its net income in the first quarter of this year is expected to slightly exceed the P500-million profit posted in the same period last year, driven by the continued growth in its core revenue base of commercial center rentals and property  sales.


ALI president Francisco Licuanan said that despite the tough economic environment weighed down by concerns of war in the Middle East and the security situation in Mindanao, rental income from its malls showed improvement, mainly due to the opening of the redeveloped Greenbelt area.


                    [DatePublished] => 2003-04-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 184701
                    [Title] => MPC pares debt to P18.2-B as of Dec 31
                    [Summary] => Metro Pacific Corp. (MPC), the local flagship of the First Pacific Group of Hong Kong, has managed to reduce its interest bearing debts to P18.2 billion from P18.5 billion as of end-December last year.


In a financial report filed with the Securities and Exchange Commission, MPC said that while it was able to pay off P1.2-billion worth of debts during the first nine months of the year, this was largely offset by the reclassification of its convertible preferred shares amounting to P720 million and the restructuring of about P227 million of unpaid interest into long term debt.


                    [DatePublished] => 2002-11-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 168652
                    [Title] => Tonyboy, Manny work to get 30% of PLDT
                    [Summary] => A consortium led by Philippine Long Distance Telephone Co. (PLDT) chairman Antonio O. Cojuangco and president and chief executive officer Manuel V. Pangilinan is trying to accumulate at least a 30-percent stake in PLDT from various sources...
                    [DatePublished] => 2002-07-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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)

LAROUGE B

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    [results] => Array
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            [0] => Array
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                    [ArticleID] => 217035
                    [Title] => Metro Pacific back in the black in H1
                    [Summary] => Holding firm Metro Pacific Corp. (MPC) swung back to profitability  in the first half of this year as it reported a net income of P93.9 million, a huge turnaround from the P8.07-billion net loss the past year.


MPC president and chief executive officer Jose Ma. Lim said the company’s return to profitability was a result of "achieving significant debt reduction progress, reducing expenses, and improving the performance of our individual business units."


                    [DatePublished] => 2003-08-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 202413
                    [Title] => Closing of MPC deal with ALI, Greenfield delayed
                    [Summary] => Metro Pacific Corp., the local flagship of Hong Kong’s First Pacific Co. Ltd., announced yesterday that the closing of the deal involving the assignment of its $90-million loan from Larouge B.V. to Ayala Land Inc. and Greenfield Development Corp., will take 15 more days to be completed.


In a disclosure to the Philippine Stock Exchange, MPC said the closing of the transaction, which was originally scheduled for April 2, 2003 has been extended by two more weeks, or until April 17.


                    [DatePublished] => 2003-04-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 201310
                    [Title] => Ayala Land sees better Q1 income
                    [Summary] => Property giant Ayala Land Inc. (ALI) said its net income in the first quarter of this year is expected to slightly exceed the P500-million profit posted in the same period last year, driven by the continued growth in its core revenue base of commercial center rentals and property  sales.


ALI president Francisco Licuanan said that despite the tough economic environment weighed down by concerns of war in the Middle East and the security situation in Mindanao, rental income from its malls showed improvement, mainly due to the opening of the redeveloped Greenbelt area.


                    [DatePublished] => 2003-04-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 184701
                    [Title] => MPC pares debt to P18.2-B as of Dec 31
                    [Summary] => Metro Pacific Corp. (MPC), the local flagship of the First Pacific Group of Hong Kong, has managed to reduce its interest bearing debts to P18.2 billion from P18.5 billion as of end-December last year.


In a financial report filed with the Securities and Exchange Commission, MPC said that while it was able to pay off P1.2-billion worth of debts during the first nine months of the year, this was largely offset by the reclassification of its convertible preferred shares amounting to P720 million and the restructuring of about P227 million of unpaid interest into long term debt.


                    [DatePublished] => 2002-11-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 168652
                    [Title] => Tonyboy, Manny work to get 30% of PLDT
                    [Summary] => A consortium led by Philippine Long Distance Telephone Co. (PLDT) chairman Antonio O. Cojuangco and president and chief executive officer Manuel V. Pangilinan is trying to accumulate at least a 30-percent stake in PLDT from various sources...
                    [DatePublished] => 2002-07-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Metro Pacific back in the black in H1

By Zinnia B. Dela Peña | August 13, 2003 - 12:00am

Holding firm Metro Pacific Corp. (MPC) swung back to profitability in the first half of this year as it reported a net income of P93.9 million, a huge turnaround from the P8.07-billion net loss the past year. MPC...

Business

Closing of MPC deal with ALI, Greenfield delayed

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

Metro Pacific Corp., the local flagship of Hong Kong’s First Pacific Co. Ltd., announced yesterday that the closing of the deal involving the assignment of its $90-million loan from Larouge B.V. to Ayala Land...

Business

Ayala Land sees better Q1 income

April 3, 2003 - 12:00am

Property giant Ayala Land Inc. (ALI) said its net income in the first quarter of this year is expected to slightly exceed the P500-million profit posted in the same period last year, driven by the continued growth...

Business

MPC pares debt to P18.2-B as of Dec 31

By Zinnia B. Dela Peña | November 20, 2002 - 12:00am

Metro Pacific Corp. (MPC), the local flagship of the First Pacific Group of Hong Kong, has managed to reduce its interest bearing debts to P18.2 billion from P18.5 billion as of end-December last year. In a financial...

Business

Tonyboy, Manny work to get 30% of PLDT

July 18, 2002 - 12:00am

A consortium led by Philippine Long Distance Telephone Co. (PLDT) chairman Antonio O. Cojuangco and president and chief executive officer Manuel V. Pangilinan is trying to accumulate at least a 30-percent stake in...

Business