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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 159161 [Title] => DBP sees 30% growth in income for first 4 months [Summary] => The Development Bank of the Philippines (DBP) is projecting a more than 30-percent increase in net income in the first four months of 2002. From an impressive P646-million net earnings from January to April last year to over P800 million in the same period this year.
In the first quarter of 2002, net income was registered at P486 million after loan loss provisioning or P73 million over the target P413-million set earlier.
[DatePublished] => 2002-04-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [1] => Array ( [ArticleID] => 158888 [Title] => $500-M JBIC loan package remains largely untapped [Summary] => The $500-million Japan Bank for International Cooperation (JBIC) V loan package remains largely untapped as National Government guarantees for foreign funded projects are nearly "over-tapped."
The JBIC V fund is solely allocated for projects undertaken through the Development Bank of the Philippines (DBP), which has already allocated the funds for several development projects.
[DatePublished] => 2002-04-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 151184 [Title] => BSP clears DBP prexy [Summary] => The Bangko Sentral ng Pilipinas (BSP) has dropped charges of violations of banking laws on Development Bank of the Philippines (DBP) president and chief executive officer (CEO) Remedios L. Macalincag. However, the BSP issued a show cause order on former DBP president Alfredo C. Antonio.
In a letter dated Jan. 3 this year, the BSP said that it was dismissing charges by junior officers and employees of the bank on Macalincag and lawyer Don Villamayor with regards a number of loans under its executive loan program (ELP).
[DatePublished] => 2002-02-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [3] => Array ( [ArticleID] => 148747 [Title] => DBP bats for reduced remittances to government [Summary] => The Development Bank of the Philippines (DBP) is asking anew the National Government to reduce to 25 percent its dividend covering the 2001 period.
Last year, DBP submitted to the National Government P520 million representing dividends covering fiscal year 2000. It registered a net income of P1.46 billion in 2000.
Payment was made in two tranches, or P233 million issued in 1999 as advanced issuance and P270 million issued last August. Another P17 million was issued also last month representing overpayments in previous years.
[DatePublished] => 2002-01-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [4] => Array ( [ArticleID] => 134611 [Title] => DBP remits P520-M worth of dividends to NG [Summary] => The Development Bank of the Phils. (DBP) remitted over the weekend to the National Government dividends worth P520 million for the year 2000.
DBP president Remedios L. Macalincag told The STAR that the total remittances to the National Government represented 25 percent of the banks net earnings for 2000.
[DatePublished] => 2001-09-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 130596 [Title] => DBP earmarks P2B for SME lending [Summary] => The Development Bank of the Philippines (DBP) has allocated P2 billion for the Industrial Support and Services Expansion Project (ISSEP) II loan portfolio.
The ISSEP is a credit facility funded by the Japan Bank of International Corp. (JBIC) for the small-and medium enterprises (SMEs) sub sector.
Known as "Financing Plus", ISSEP II specifically provides credit plus business diagnostics and advice, business brokering (like franchiser and franchisor, supplier and buyer) training and other services to sub-sectors through organized industry groups.
[DatePublished] => 2001-08-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 129834 [Title] => DBP earmarks P200M for microfinancing [Summary] => The Development Bank of the Philippines (DBP) has allocated P200 million for lending to the manufacturing and agri-business sectors in line with governments emphasis on microfinancing.
The multi-million peso lending facility is in line with the administrations policy of making available financing to the countryside, especially for poverty alleviation.
However, DBP officials said the loan facility would involve multi-financing institutions (MFIs) in providing small enterprises direct access to credit and banking services.
[DatePublished] => 2001-08-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 129631 [Title] => DBP reports P800-M net income for first semester [Summary] => The Development Bank of the Philippines (DBP) reported yesterday a net income of P800 million for the first six months this year.
DBP president Remedios Macalincag said they expect a full year net income of P1.6 billion or 9.6 percent higher than the banks 2000 net income of P1.46 billion.
"Positive earnings for the months of January to June were attributed to high interest earnings, high cash flow recovery and a 25-percent increase in loan portfolio," Macalincag said.
[DatePublished] => 2001-08-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 129744 [Title] => DBP reports P800-M net income for first semester [Summary] => The Development Bank of the Philippines (DBP) reported yesterday a net income of P800 million for the first six months this year.
DBP president Remedios Macalincag said they expect a full year net income of P1.6 billion or 9.6 percent higher than the banks 2000 net income of P1.46 billion.
"Positive earnings for the months of January to June were attributed to high interest earnings, high cash flow recovery and a 25-percent increase in loan portfolio," Macalincag said.
[DatePublished] => 2001-08-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 96084 [Title] => $500-M JBIC loan facility for RP remains untapped [Summary] => A $500-million loan facility from the Japan Bank for International Cooperation (JBIC) remains untapped because government has almost used up all the guarantees it is allowed to extend.
Under the Foreign Borrowings Act, a limit is set on the amount of gurantees government can issue. The National Government is nearing the ceiling set by law.
[DatePublished] => 2001-05-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
MACALINCAG
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 159161 [Title] => DBP sees 30% growth in income for first 4 months [Summary] => The Development Bank of the Philippines (DBP) is projecting a more than 30-percent increase in net income in the first four months of 2002. From an impressive P646-million net earnings from January to April last year to over P800 million in the same period this year.
In the first quarter of 2002, net income was registered at P486 million after loan loss provisioning or P73 million over the target P413-million set earlier.
[DatePublished] => 2002-04-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [1] => Array ( [ArticleID] => 158888 [Title] => $500-M JBIC loan package remains largely untapped [Summary] => The $500-million Japan Bank for International Cooperation (JBIC) V loan package remains largely untapped as National Government guarantees for foreign funded projects are nearly "over-tapped."
The JBIC V fund is solely allocated for projects undertaken through the Development Bank of the Philippines (DBP), which has already allocated the funds for several development projects.
[DatePublished] => 2002-04-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 151184 [Title] => BSP clears DBP prexy [Summary] => The Bangko Sentral ng Pilipinas (BSP) has dropped charges of violations of banking laws on Development Bank of the Philippines (DBP) president and chief executive officer (CEO) Remedios L. Macalincag. However, the BSP issued a show cause order on former DBP president Alfredo C. Antonio.
In a letter dated Jan. 3 this year, the BSP said that it was dismissing charges by junior officers and employees of the bank on Macalincag and lawyer Don Villamayor with regards a number of loans under its executive loan program (ELP).
[DatePublished] => 2002-02-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [3] => Array ( [ArticleID] => 148747 [Title] => DBP bats for reduced remittances to government [Summary] => The Development Bank of the Philippines (DBP) is asking anew the National Government to reduce to 25 percent its dividend covering the 2001 period.
Last year, DBP submitted to the National Government P520 million representing dividends covering fiscal year 2000. It registered a net income of P1.46 billion in 2000.
Payment was made in two tranches, or P233 million issued in 1999 as advanced issuance and P270 million issued last August. Another P17 million was issued also last month representing overpayments in previous years.
[DatePublished] => 2002-01-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [4] => Array ( [ArticleID] => 134611 [Title] => DBP remits P520-M worth of dividends to NG [Summary] => The Development Bank of the Phils. (DBP) remitted over the weekend to the National Government dividends worth P520 million for the year 2000.
DBP president Remedios L. Macalincag told The STAR that the total remittances to the National Government represented 25 percent of the banks net earnings for 2000.
[DatePublished] => 2001-09-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 130596 [Title] => DBP earmarks P2B for SME lending [Summary] => The Development Bank of the Philippines (DBP) has allocated P2 billion for the Industrial Support and Services Expansion Project (ISSEP) II loan portfolio.
The ISSEP is a credit facility funded by the Japan Bank of International Corp. (JBIC) for the small-and medium enterprises (SMEs) sub sector.
Known as "Financing Plus", ISSEP II specifically provides credit plus business diagnostics and advice, business brokering (like franchiser and franchisor, supplier and buyer) training and other services to sub-sectors through organized industry groups.
[DatePublished] => 2001-08-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 129834 [Title] => DBP earmarks P200M for microfinancing [Summary] => The Development Bank of the Philippines (DBP) has allocated P200 million for lending to the manufacturing and agri-business sectors in line with governments emphasis on microfinancing.
The multi-million peso lending facility is in line with the administrations policy of making available financing to the countryside, especially for poverty alleviation.
However, DBP officials said the loan facility would involve multi-financing institutions (MFIs) in providing small enterprises direct access to credit and banking services.
[DatePublished] => 2001-08-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 129631 [Title] => DBP reports P800-M net income for first semester [Summary] => The Development Bank of the Philippines (DBP) reported yesterday a net income of P800 million for the first six months this year.
DBP president Remedios Macalincag said they expect a full year net income of P1.6 billion or 9.6 percent higher than the banks 2000 net income of P1.46 billion.
"Positive earnings for the months of January to June were attributed to high interest earnings, high cash flow recovery and a 25-percent increase in loan portfolio," Macalincag said.
[DatePublished] => 2001-08-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 129744 [Title] => DBP reports P800-M net income for first semester [Summary] => The Development Bank of the Philippines (DBP) reported yesterday a net income of P800 million for the first six months this year.
DBP president Remedios Macalincag said they expect a full year net income of P1.6 billion or 9.6 percent higher than the banks 2000 net income of P1.46 billion.
"Positive earnings for the months of January to June were attributed to high interest earnings, high cash flow recovery and a 25-percent increase in loan portfolio," Macalincag said.
[DatePublished] => 2001-08-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 96084 [Title] => $500-M JBIC loan facility for RP remains untapped [Summary] => A $500-million loan facility from the Japan Bank for International Cooperation (JBIC) remains untapped because government has almost used up all the guarantees it is allowed to extend.
Under the Foreign Borrowings Act, a limit is set on the amount of gurantees government can issue. The National Government is nearing the ceiling set by law.
[DatePublished] => 2001-05-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Ted P. Torres | April 30, 2002 - 12:00am
By Ted P. Torres | April 28, 2002 - 12:00am
February 19, 2002 - 12:00am
By Ted P. Torres | January 29, 2002 - 12:00am
By Ted P. Torres | September 24, 2001 - 12:00am
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August 12, 2001 - 12:00am
By Ted P. Torres | August 11, 2001 - 12:00am
By Ted P. Torres | August 11, 2001 - 12:00am
By Ted P. Torres | May 15, 2001 - 12:00am
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