^
+ Follow PALM TREE ESTATE INC Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 436495
                    [Title] => International firms plan to buy Coral Reef resort
                    [Summary] => 

Two international companies have offered their interest to buy the 36-hectare property in Mactan Island, formerly the location of defunct Coral Reef Resort, now owned by Lucio Tan-led Philippine National Bank (PNB).

[DatePublished] => 2009-02-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [1] => Array ( [ArticleID] => 73017 [Title] => Durano: Lucio Tan group to pursue Coral Reef rehab [Summary] => [DatePublished] => 2008-07-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [2] => Array ( [ArticleID] => 13806 [Title] => Jap files raps over IPO inclusion of Coral Reef [Summary] =>

The Japanese owner of the defunct Coral Reef Resort in Mactan cries foul over the inclusion of the 36-hectare resort property in the Initial Public Offering (IPO) of Lucio Tan’s Eton Properties Philippines Inc.

[DatePublished] => 2007-08-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [3] => Array ( [ArticleID] => 370443 [Title] => Japanese resort owner vows to pay workers [Summary] => The former owner of defunct Coral Reef Resort vowed to properly compensate its unpaid employees if the court grants its wish to take back the property's ownership from the Philippine National Bank (PNB). [DatePublished] => 2006-11-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [4] => Array ( [ArticleID] => 370622 [Title] => Japanese resort owner vows to pay workers [Summary] => The former owner of defunct Coral Reef Resort vowed to properly compensate its unpaid employees if the court grants its wish to take back the property's ownership from the Philippine National Bank (PNB). [DatePublished] => 2006-11-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [5] => Array ( [ArticleID] => 368254 [Title] => PNB told to negotiate with ex resort owner [Summary] => The interested Korean buyer of the controversial Coral Reef Resort in Mactan Island is asking the Philippine National Bank (PNB) to agree on a compromise deal with the property's former owner to hasten the re-opening of the 36-hectare resort and golf club.

The interested Korean buyer, Sea Born and Fil Kotchi consortium represented by Chang Nam Moon said while his group cannot pursue a buy-out negotiation with the former lead owner of the resort Kenichi Akimoto, Moon said the group wants PNB to clench a compromise arrangement with Akimoto.
[DatePublished] => 2006-11-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [6] => Array ( [ArticleID] => 362991 [Title] => Former Coral Reef operators attempt to regain ownership [Summary] => The owner of the 36-hectare defunct Coral Reef Resort in Mactan Island is fighting to get back the property from the Philippine National Bank (PNB), claiming that the bank's foreclosure last year was illegal.

Coral Reef Resort company operators Japanese-led Palm Tree Estate Inc., and Bell Air Golf and Country Club accused the Lucio Tan-led PNB of an illegal foreclosure of the property.

"The terms of conditions were changed after the loan was constituted," legal counsel Judge Romulo Senining said in a press conference.
[DatePublished] => 2006-10-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) ) )
PALM TREE ESTATE INC
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 436495
                    [Title] => International firms plan to buy Coral Reef resort
                    [Summary] => 

Two international companies have offered their interest to buy the 36-hectare property in Mactan Island, formerly the location of defunct Coral Reef Resort, now owned by Lucio Tan-led Philippine National Bank (PNB).

[DatePublished] => 2009-02-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [1] => Array ( [ArticleID] => 73017 [Title] => Durano: Lucio Tan group to pursue Coral Reef rehab [Summary] => [DatePublished] => 2008-07-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [2] => Array ( [ArticleID] => 13806 [Title] => Jap files raps over IPO inclusion of Coral Reef [Summary] =>

The Japanese owner of the defunct Coral Reef Resort in Mactan cries foul over the inclusion of the 36-hectare resort property in the Initial Public Offering (IPO) of Lucio Tan’s Eton Properties Philippines Inc.

[DatePublished] => 2007-08-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [3] => Array ( [ArticleID] => 370443 [Title] => Japanese resort owner vows to pay workers [Summary] => The former owner of defunct Coral Reef Resort vowed to properly compensate its unpaid employees if the court grants its wish to take back the property's ownership from the Philippine National Bank (PNB). [DatePublished] => 2006-11-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [4] => Array ( [ArticleID] => 370622 [Title] => Japanese resort owner vows to pay workers [Summary] => The former owner of defunct Coral Reef Resort vowed to properly compensate its unpaid employees if the court grants its wish to take back the property's ownership from the Philippine National Bank (PNB). [DatePublished] => 2006-11-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [5] => Array ( [ArticleID] => 368254 [Title] => PNB told to negotiate with ex resort owner [Summary] => The interested Korean buyer of the controversial Coral Reef Resort in Mactan Island is asking the Philippine National Bank (PNB) to agree on a compromise deal with the property's former owner to hasten the re-opening of the 36-hectare resort and golf club.

The interested Korean buyer, Sea Born and Fil Kotchi consortium represented by Chang Nam Moon said while his group cannot pursue a buy-out negotiation with the former lead owner of the resort Kenichi Akimoto, Moon said the group wants PNB to clench a compromise arrangement with Akimoto.
[DatePublished] => 2006-11-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [6] => Array ( [ArticleID] => 362991 [Title] => Former Coral Reef operators attempt to regain ownership [Summary] => The owner of the 36-hectare defunct Coral Reef Resort in Mactan Island is fighting to get back the property from the Philippine National Bank (PNB), claiming that the bank's foreclosure last year was illegal.

Coral Reef Resort company operators Japanese-led Palm Tree Estate Inc., and Bell Air Golf and Country Club accused the Lucio Tan-led PNB of an illegal foreclosure of the property.

"The terms of conditions were changed after the loan was constituted," legal counsel Judge Romulo Senining said in a press conference.
[DatePublished] => 2006-10-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) ) )
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