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                (
                    [ArticleID] => 262557
                    [Title] => SEC asked to explain P.5-M salary for a liquidator
                    [Summary] => A ranking member of the House of Representatives has asked the Securities and Exchange Commission (SEC) to disclose its dealings with companies placed under receivership by the regulatory body following published reports that a liquidator is receives P500,000 monthly income from the government agency.


Rep. Jesus Jurdin Romualdo (Camiguin), nominee for the 12-man House panel for the Commission on Appointments, said he was surprised upon learning that a liquidator can earn up to half a million pesos a month.


                    [DatePublished] => 2004-08-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 98138
                    [Title] => NSC creditors deplore SEC move to change liquidator
                    [Summary] => The creditors of the National Steel Corp. (NSC) have criticized the Securities and Exchange Commission (SEC) for its move to change NSC’s liquidator in "mid-stream" which, they said, only turned off investors keen on buying the cash-strapped steel firm.


The firm’s creditors-Philippine National Bank (PNB), Land Bank of the Philippines (LBP), Global Bank, Equitable-PCI Bank, Credit Agricole Indosuez-hinted that NSC would have been bought by any of the prospective investors had SEC prevented the entry of a newly installed liquidator.


                    [DatePublished] => 2000-12-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1203478
                    [AuthorName] => by Rommel Ynion
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 101458
                    [Title] => SEC names Connell Securities liquidator
                    [Summary] => 

The Securities and Exchange Commission (SEC) has approved the recommendation of
the Philippine Stock Exchange (PSE) to appoint Avelino Cruz, a legal counsel of
the ACCRA law office, as liquidator of bankrupt brokerage house Connell
Securities Inc.

The PSE made the recommendation after the corporate watchdog denied its request
for the withdrawal of its appointment as liquidator of Connell Securities.

The PSE did not want to act as liquidator of Connell, citing possible conflict
of interest since it is one of the creditors of the brokerage house.

The PSE said the liquidator
                    [DatePublished] => 2000-01-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 101378
                    [Title] => Creditors ask SEC to appoint liquidator for Eyco group
                    [Summary] => 

Creditors of the EYCO Group of Companies, the parent firm to bankrupt appliance
maker Nikon Industrial Corp., are urging the Securities and Exchange Commission
(SEC) to immediately appoint a liquidator to stop the unauthorized disbursement
of company funds.

Led by the Philippine National Bank (PNB) the creditors expressed apprehension
that while the SEC disapproved EYCO's petition for suspension of debt payments
along with its rehabilitation plan in an order dated Sept.
                    [DatePublished] => 2000-01-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 101251
                    [Title] => EYCO group asks SEC to appoint liquidator
                    [Summary] => 

The consortium of creditor-banks for the EYCO group of companies which inlcude
appliance maker Nikon Industrial Corp.
                    [DatePublished] => 2000-01-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

LIQUIDATOR

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    [results] => Array
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                    [ArticleID] => 262557
                    [Title] => SEC asked to explain P.5-M salary for a liquidator
                    [Summary] => A ranking member of the House of Representatives has asked the Securities and Exchange Commission (SEC) to disclose its dealings with companies placed under receivership by the regulatory body following published reports that a liquidator is receives P500,000 monthly income from the government agency.


Rep. Jesus Jurdin Romualdo (Camiguin), nominee for the 12-man House panel for the Commission on Appointments, said he was surprised upon learning that a liquidator can earn up to half a million pesos a month.


                    [DatePublished] => 2004-08-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                (
                    [ArticleID] => 98138
                    [Title] => NSC creditors deplore SEC move to change liquidator
                    [Summary] => The creditors of the National Steel Corp. (NSC) have criticized the Securities and Exchange Commission (SEC) for its move to change NSC’s liquidator in "mid-stream" which, they said, only turned off investors keen on buying the cash-strapped steel firm.


The firm’s creditors-Philippine National Bank (PNB), Land Bank of the Philippines (LBP), Global Bank, Equitable-PCI Bank, Credit Agricole Indosuez-hinted that NSC would have been bought by any of the prospective investors had SEC prevented the entry of a newly installed liquidator.


                    [DatePublished] => 2000-12-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1203478
                    [AuthorName] => by Rommel Ynion
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 101458
                    [Title] => SEC names Connell Securities liquidator
                    [Summary] => 

The Securities and Exchange Commission (SEC) has approved the recommendation of
the Philippine Stock Exchange (PSE) to appoint Avelino Cruz, a legal counsel of
the ACCRA law office, as liquidator of bankrupt brokerage house Connell
Securities Inc.

The PSE made the recommendation after the corporate watchdog denied its request
for the withdrawal of its appointment as liquidator of Connell Securities.

The PSE did not want to act as liquidator of Connell, citing possible conflict
of interest since it is one of the creditors of the brokerage house.

The PSE said the liquidator
                    [DatePublished] => 2000-01-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 101378
                    [Title] => Creditors ask SEC to appoint liquidator for Eyco group
                    [Summary] => 

Creditors of the EYCO Group of Companies, the parent firm to bankrupt appliance
maker Nikon Industrial Corp., are urging the Securities and Exchange Commission
(SEC) to immediately appoint a liquidator to stop the unauthorized disbursement
of company funds.

Led by the Philippine National Bank (PNB) the creditors expressed apprehension
that while the SEC disapproved EYCO's petition for suspension of debt payments
along with its rehabilitation plan in an order dated Sept.
                    [DatePublished] => 2000-01-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 101251
                    [Title] => EYCO group asks SEC to appoint liquidator
                    [Summary] => 

The consortium of creditor-banks for the EYCO group of companies which inlcude
appliance maker Nikon Industrial Corp.
                    [DatePublished] => 2000-01-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

SEC asked to explain P.5-M salary for a liquidator

August 25, 2004 - 12:00am

A ranking member of the House of Representatives has asked the Securities and Exchange Commission (SEC) to disclose its dealings with companies placed under receivership by the regulatory body following published...

Business

NSC creditors deplore SEC move to change liquidator

By by Rommel Ynion | December 6, 2000 - 12:00am

The creditors of the National Steel Corp. (NSC) have criticized the Securities and Exchange Commission (SEC) for its move to change NSC’s liquidator in "mid-stream" which, they said, only turned off...

Business

SEC names Connell Securities liquidator

By Rocel Felix | January 27, 2000 - 12:00am

The Securities and Exchange Commission (SEC) has approved the recommendation of the Philippine Stock Exchange (PSE) to appoint Avelino Cruz, a legal counsel of the ACCRA law office, as liquidator of bankrupt...

Business

Creditors ask SEC to appoint liquidator for Eyco group

By Rocel Felix | January 19, 2000 - 12:00am

Creditors of the EYCO Group of Companies, the parent firm to bankrupt appliance maker Nikon Industrial Corp., are urging the Securities and Exchange Commission (SEC) to immediately appoint a liquidator to stop...

Business

EYCO group asks SEC to appoint liquidator

January 8, 2000 - 12:00am

The consortium of creditor-banks for the EYCO group of companies which inlcude appliance maker Nikon Industrial Corp.

Business