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                    [Title] => Legarda urges GMA to certify bill on buyout of banks’ bad loans
                    [Summary] => Senate Majority Leader Loren Legarda urged Malacañang yesterday to quickly certify a bill that would allow independent asset management companies (AMCs) to buy the mounting bad loans of local banks.


Legarda made the call not long after three global investments houses and the World Bank’s International Finance Corp. (IFC) expressed their desire to acquire the non-performing loans (NPLs) of local banks.


                    [DatePublished] => 2002-01-09 00:00:00
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MERRYLL LYNCH AND GOLDMAN SACHS

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                    [Title] => Legarda urges GMA to certify bill on buyout of banks’ bad loans
                    [Summary] => Senate Majority Leader Loren Legarda urged Malacañang yesterday to quickly certify a bill that would allow independent asset management companies (AMCs) to buy the mounting bad loans of local banks.


Legarda made the call not long after three global investments houses and the World Bank’s International Finance Corp. (IFC) expressed their desire to acquire the non-performing loans (NPLs) of local banks.


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abtest

Legarda urges GMA to certify bill on buyout of banks’ bad loans

January 9, 2002 - 12:00am

Senate Majority Leader Loren Legarda urged Malacañang yesterday to quickly certify a bill that would allow independent asset management companies (AMCs) to buy the mounting bad loans of local banks. Legarda...

Business