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                    [Title] => Mier out, Young in as VMC chairman
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Omar Byron T. Mier has resigned as chairman and member of the board of directors of Victoria Milling Co., Inc. (VMC) effective end of business hours on Feb. 25, 2011 for professional reasons.
                    [DatePublished] => 2011-02-28 00:00:00
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                    [Title] => VMC attempts stock market comeback
                    [Summary] => 
Sugar miller Victorias Milling Co. (VMC) Inc. is targeting to wipe out its deficit by the end of its fiscal year ending August 2011 as it aims to make a comeback in the stock market.
                    [DatePublished] => 2011-02-02 00:00:00
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [Title] => PNB elects new president and CEO
                    [Summary] => 
Philippine National Bank (PNB) president and CEO Omar Byron T. Mier, who has successfully turned around the bank since he assumed his post in 2005, will relinquish the presidency at the end of his term after the annual stockholders’ meeting on May 25.  
                    [DatePublished] => 2010-03-11 00:00:00
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                    [Title] => Victorias Milling proposes debt for equity swap
                    [Summary] => 
Cash-strapped sugar refiner Victorias Milling Corp. (VMC) is proposing a debt-for-equity swap and a divestment program involving its non-core assets as part of its revised rehabilitation plan aimed at staying afloat and seeing its shares traded once again on the stock market.
                    [DatePublished] => 2010-02-03 00:00:00
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [Title] => Sandiganbayan junks TRO motion vs PNB-Allied Bank merger
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The Sandiganbayan has junked a motion for a temporary restraining order (TRO) filed by the National Government against the planned merger of two banks owned by taipan Lucio Tan.
                    [DatePublished] => 2010-01-21 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Ted P. Torres
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                    [Title] => PNB says P2-billion profit target attainable
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The Philippine National Bank (PNB) is optimistic of ending 2009 with a net income of P2 billion.
                    [DatePublished] => 2009-08-10 00:00:00
                    [ColumnID] => 133272
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                    [Title] => PNB net income surges 88% to P1.53 billion in first half
                    [Summary] => 
Philippine National Bank (PNB) reported a net income of P1.53 billion in the first six months of 2009, 88 percent higher than the P813 million earnings in the same period last year, the bank said in a statement.
                    [DatePublished] => 2009-08-06 00:00:00
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                    [Title] => PNB's income surges 59% to P728 million in first quarter
                    [Summary] => 
MANILA, Philippines - Philippine National Bank (PNB) jumpstarted its 2009 operations with a strong 59-percent income growth in the first three months, to P728 million, but conceded its merger with Allied Bank will be delayed for at least another year.
                    [DatePublished] => 2009-05-27 00:00:00
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                    [Title] => PNB profit up 35% to P425M
                    [Summary] => The Lucio Tan-owned Philippine National Bank (PNB) recorded a net income of P425 million in the first six months of the year, roughly 35 percent better than the P315 million profit it made in the same period in 2005.


The favorable results prompted bank officials to express optimism the bank would hit its original full year 2006 net earnings target of P760 million. Last year, PNB posted a turnaround with a net income of P627.5 million coming off negative figures in the previous years due to huge bad debts.


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                    [Title] => Japanese agency scolds PNB
                    [Summary] => Japan’s Financial Services Agency (FSA) has issued a business improvement order to the Tokyo branch of Philippine National Bank (PNB) for engaging in unauthorized operations. It was found that the bank had its employees stationed at travel agencies frequented by Filipinos to handle overseas remittance and foreign currency exchange services without FSA authorization.


PNB president and chief executive officer Omar Byron T. Mier said that the bank was prepared to address all issues raised by the FSA.


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OMAR BYRON T

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                    [Title] => Mier out, Young in as VMC chairman
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Omar Byron T. Mier has resigned as chairman and member of the board of directors of Victoria Milling Co., Inc. (VMC) effective end of business hours on Feb. 25, 2011 for professional reasons.
                    [DatePublished] => 2011-02-28 00:00:00
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                    [Title] => VMC attempts stock market comeback
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Sugar miller Victorias Milling Co. (VMC) Inc. is targeting to wipe out its deficit by the end of its fiscal year ending August 2011 as it aims to make a comeback in the stock market.
                    [DatePublished] => 2011-02-02 00:00:00
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [Title] => PNB elects new president and CEO
                    [Summary] => 
Philippine National Bank (PNB) president and CEO Omar Byron T. Mier, who has successfully turned around the bank since he assumed his post in 2005, will relinquish the presidency at the end of his term after the annual stockholders’ meeting on May 25.  
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                    [Title] => Victorias Milling proposes debt for equity swap
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                    [Title] => Sandiganbayan junks TRO motion vs PNB-Allied Bank merger
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The Sandiganbayan has junked a motion for a temporary restraining order (TRO) filed by the National Government against the planned merger of two banks owned by taipan Lucio Tan.
                    [DatePublished] => 2010-01-21 00:00:00
                    [ColumnID] => 133272
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                    [Title] => PNB says P2-billion profit target attainable
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The Philippine National Bank (PNB) is optimistic of ending 2009 with a net income of P2 billion.
                    [DatePublished] => 2009-08-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] =>  Ted P. Torres
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                    [Title] => PNB net income surges 88% to P1.53 billion in first half
                    [Summary] => 
Philippine National Bank (PNB) reported a net income of P1.53 billion in the first six months of 2009, 88 percent higher than the P813 million earnings in the same period last year, the bank said in a statement.
                    [DatePublished] => 2009-08-06 00:00:00
                    [ColumnID] => 133272
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                    [Title] => PNB's income surges 59% to P728 million in first quarter
                    [Summary] => 
MANILA, Philippines - Philippine National Bank (PNB) jumpstarted its 2009 operations with a strong 59-percent income growth in the first three months, to P728 million, but conceded its merger with Allied Bank will be delayed for at least another year.
                    [DatePublished] => 2009-05-27 00:00:00
                    [ColumnID] => 133272
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                    [Title] => PNB profit up 35% to P425M
                    [Summary] => The Lucio Tan-owned Philippine National Bank (PNB) recorded a net income of P425 million in the first six months of the year, roughly 35 percent better than the P315 million profit it made in the same period in 2005.


The favorable results prompted bank officials to express optimism the bank would hit its original full year 2006 net earnings target of P760 million. Last year, PNB posted a turnaround with a net income of P627.5 million coming off negative figures in the previous years due to huge bad debts.


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                    [ColumnID] => 133272
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                    [Title] => Japanese agency scolds PNB
                    [Summary] => Japan’s Financial Services Agency (FSA) has issued a business improvement order to the Tokyo branch of Philippine National Bank (PNB) for engaging in unauthorized operations. It was found that the bank had its employees stationed at travel agencies frequented by Filipinos to handle overseas remittance and foreign currency exchange services without FSA authorization.


PNB president and chief executive officer Omar Byron T. Mier said that the bank was prepared to address all issues raised by the FSA.


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abtest

Mier out, Young in as VMC chairman

February 28, 2011 - 12:00am

Omar Byron T. Mier has resigned as chairman and member of the board of directors of Victoria Milling Co., Inc. (VMC) effective end of business hours on Feb. 25, 2011 for professional reasons.

Business

VMC attempts stock market comeback

By Zinnia B. Dela Peña | February 2, 2011 - 12:00am

Sugar miller Victorias Milling Co. (VMC) Inc. is targeting to wipe out its deficit by the end of its fiscal year ending August 2011 as it aims to make a comeback in the stock market.

Business

PNB elects new president and CEO

March 11, 2010 - 12:00am

Philippine National Bank (PNB) president and CEO Omar Byron T. Mier, who has successfully turned around the bank since he assumed his post in 2005, will relinquish the presidency at the end of his term after the...

Business

Victorias Milling proposes debt for equity swap

By Zinnia B. Dela Peña | February 3, 2010 - 12:00am

Cash-strapped sugar refiner Victorias Milling Corp. (VMC) is proposing a debt-for-equity swap and a divestment program involving its non-core assets as part of its revised rehabilitation plan aimed at staying afloat...

Business

Sandiganbayan junks TRO motion vs PNB-Allied Bank merger

By Ted P. Torres | January 21, 2010 - 12:00am

The Sandiganbayan has junked a motion for a temporary restraining order (TRO) filed by the National Government against the planned merger of two banks owned by taipan Lucio Tan.

Business

PNB says P2-billion profit target attainable

By Ted P. Torres | August 10, 2009 - 12:00am

The Philippine National Bank (PNB) is optimistic of ending 2009 with a net income of P2 billion.

Business

PNB net income surges 88% to P1.53 billion in first half

By Ted P. Torres | August 6, 2009 - 12:00am

Philippine National Bank (PNB) reported a net income of P1.53 billion in the first six months of 2009, 88 percent higher than the P813 million earnings in the same period last year, the bank said in a statement...

Business

PNB's income surges 59% to P728 million in first quarter

By Ted P. Torres | May 27, 2009 - 12:00am

MANILA, Philippines - Philippine National Bank (PNB) jumpstarted its 2009 operations with a strong 59-percent income growth in the first three months, to P728 million, but conceded its merger with Allied Bank will...

Business

PNB profit up 35% to P425M

By Ted P. Torres | July 19, 2006 - 12:00am

The Lucio Tan-owned Philippine National Bank (PNB) recorded a net income of P425 million in the first six months of the year, roughly 35 percent better than the P315 million profit it made in the same period in 2005. The...

Business

Japanese agency scolds PNB

October 4, 2005 - 12:00am

Japan’s Financial Services Agency (FSA) has issued a business improvement order to the Tokyo branch of Philippine National Bank (PNB) for engaging in unauthorized operations. It was found that the bank had its...

Banking