^
+ Follow PHILIPPINE INFRASTRUCTURE CORP Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 322998
                    [Title] => Teves okays grant of sovereign guaranty to P20-B NDC bonds
                    [Summary] => All is clear for the flotation of some P20-billion worth of  National Development Co. (NDC) bonds  this year following the decision of the Department of Finance (DOF) to finally extend a sovereign guaranty for the proposed borrowing.


Trade and Industry Secretary Peter B. Favila confirmed yesterday that Finance Secretary Margarito Teves has approved the grant of sovereign guaranty for the NDC bonds, the proceeds of which would be used for the government’s pump-priming effort this year.
[DatePublished] => 2006-02-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 317092 [Title] => NDC to raise up to P20B for government [Summary] => The Arroyo administration will use the National Development Co. (NDC) to raise anywhere from P10 billion to P20 billion to fund the government’s pump-priming effort this year.

Trade and Industry Secretary Peter B. Favila said the government will also try to raise additional funds from the Land Bank of the Philippines and the Development Bank of the Philippines to cover the planned P35 billion needed this year to pump prime the economy.

NDC is the investment arm of the Department of Trade and Industry (DTI).
[DatePublished] => 2006-01-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 302239 [Title] => NDC postpones P3-B bond flotation [Summary] => The National Development Co. (NDC) board last Friday decided to defer its planned P3-billion bond flotation until it receives clarification from the Department of Finance (DOF) regarding its policy of not extending any more government guarantees to cut down on contingent liabilities especially from government-owned and controlled corporations.

This was announced last Friday by NDC General Manager Arthur Aguilar following the NDC board meeting at the Board of Investments (BOI) building.
[DatePublished] => 2005-10-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 301024 [Title] => ALI eyes 18-ha lot in Las Piñas [Summary] => Prime real estate developer Ayala Land Inc. is reportedly eyeing an 18-hectare lot in Las Piñas owned by the government.

Real estate sources said Ayala Land, Robinsons Land and other big property developers are keenly awaiting government’s decision on whether or not to sell the 18-hectare property which has an attractive 300-meter frontage.

At an estimated P20,000 per square meter, the property which was home for Goodyear Philippines for 25 years, can fetch as much as P3.6 billion.
[DatePublished] => 2005-10-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 300430 [Title] => NDC to lower planned P3-billion float [Summary] => The National Development Corp. (NDC) will scale down its intended P3-billion bond flotation following government’s policy decision to cut down on contingent liabilities especially from government-owned and controlled corporations (GOCCs).

This was confirmed yesterday by NDC General Manager Arthur Aguilar following Trade and Industry Secretary Peter B. Favila’s instruction that NDC could go ahead with its planned bond flotation but without the added sweetener of a government guarantee.
[DatePublished] => 2005-10-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 298422 [Title] => WB willing to fund infra projects in RP [Summary] => The World Bank has expressed willingness to provide financial and technical support to infrastructure projects of the Philippine government.

The World Bank particularly cited the Philippine Infrastructure Corp. (PIC), a subsidiary of the National Development Co., which has been set up to help prepare projects for private sector participation and coordinate with the different public agencies involved.
[DatePublished] => 2005-09-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 292813 [Title] => Favila nixes add’l NDC bonds to finance PIC [Summary] => Trade and Industry Secretary Peter B. Favila is against a proposal to float additional NDC bonds to raise funds for the projects of the Philippine Infrastructure Corp. (PIC).

Favila’s opposition stems from his desire not to impose additional debts on the National Government due to the need to provide a sovereign guarantee to the NDC bonds as a sweetener.

According to Favila, he has informed NDC General Manager Arthur Aguilar that he would be amenable to the float as long as there is no sovereign guarantee attached to the bonds.
[DatePublished] => 2005-08-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 272976 [Title] => NDC’s infrastructure arm firms up 4 add’l projects worth P30B [Summary] => The Philippine Infrastructure Corp. (PIC), a National Development Corp (NDC) infrastructure arm, has firmed up four additional major infrastructure projects worth at least P30 billion.

These projects are: the Eastern Highway which is estimated to cost P12 billion and will start from Bulacan to Nueva Ecija; the 21-kilometer Calabarzon Expressway to Cavite which is projected to cost around P9 billion; stage II of the Subic-Clark-Tarlac Expressway which will extend up to Pangasinan; and the six-lane C6 which will start from Bicutan to the Manggahan dike bypass east of Taguig. [DatePublished] => 2005-04-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 257225 [Title] => Gov’t mulls P200-B infra dev’t arm under NDC [Summary] => The Arroyo government plans to raise as much as P200 billion for a still to be created Philippine Infrastructure Corp. (PIC).

Trade and Industry Secretary Cesar V. Purisima said over the weekend the proposed PIC would be a subsidiary of the National Development Co. (NDC).

The PIC is intended to "jumpstart" vital infrastructure projects that the Arroyo government is lining up.

Purisima explained that the PIC would initially undertake vital infrastructure projects for which it would eventually invite foreign investors to invest in.
[DatePublished] => 2004-07-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
PHILIPPINE INFRASTRUCTURE CORP
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 322998
                    [Title] => Teves okays grant of sovereign guaranty to P20-B NDC bonds
                    [Summary] => All is clear for the flotation of some P20-billion worth of  National Development Co. (NDC) bonds  this year following the decision of the Department of Finance (DOF) to finally extend a sovereign guaranty for the proposed borrowing.


Trade and Industry Secretary Peter B. Favila confirmed yesterday that Finance Secretary Margarito Teves has approved the grant of sovereign guaranty for the NDC bonds, the proceeds of which would be used for the government’s pump-priming effort this year.
[DatePublished] => 2006-02-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 317092 [Title] => NDC to raise up to P20B for government [Summary] => The Arroyo administration will use the National Development Co. (NDC) to raise anywhere from P10 billion to P20 billion to fund the government’s pump-priming effort this year.

Trade and Industry Secretary Peter B. Favila said the government will also try to raise additional funds from the Land Bank of the Philippines and the Development Bank of the Philippines to cover the planned P35 billion needed this year to pump prime the economy.

NDC is the investment arm of the Department of Trade and Industry (DTI).
[DatePublished] => 2006-01-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 302239 [Title] => NDC postpones P3-B bond flotation [Summary] => The National Development Co. (NDC) board last Friday decided to defer its planned P3-billion bond flotation until it receives clarification from the Department of Finance (DOF) regarding its policy of not extending any more government guarantees to cut down on contingent liabilities especially from government-owned and controlled corporations.

This was announced last Friday by NDC General Manager Arthur Aguilar following the NDC board meeting at the Board of Investments (BOI) building.
[DatePublished] => 2005-10-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 301024 [Title] => ALI eyes 18-ha lot in Las Piñas [Summary] => Prime real estate developer Ayala Land Inc. is reportedly eyeing an 18-hectare lot in Las Piñas owned by the government.

Real estate sources said Ayala Land, Robinsons Land and other big property developers are keenly awaiting government’s decision on whether or not to sell the 18-hectare property which has an attractive 300-meter frontage.

At an estimated P20,000 per square meter, the property which was home for Goodyear Philippines for 25 years, can fetch as much as P3.6 billion.
[DatePublished] => 2005-10-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 300430 [Title] => NDC to lower planned P3-billion float [Summary] => The National Development Corp. (NDC) will scale down its intended P3-billion bond flotation following government’s policy decision to cut down on contingent liabilities especially from government-owned and controlled corporations (GOCCs).

This was confirmed yesterday by NDC General Manager Arthur Aguilar following Trade and Industry Secretary Peter B. Favila’s instruction that NDC could go ahead with its planned bond flotation but without the added sweetener of a government guarantee.
[DatePublished] => 2005-10-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 298422 [Title] => WB willing to fund infra projects in RP [Summary] => The World Bank has expressed willingness to provide financial and technical support to infrastructure projects of the Philippine government.

The World Bank particularly cited the Philippine Infrastructure Corp. (PIC), a subsidiary of the National Development Co., which has been set up to help prepare projects for private sector participation and coordinate with the different public agencies involved.
[DatePublished] => 2005-09-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 292813 [Title] => Favila nixes add’l NDC bonds to finance PIC [Summary] => Trade and Industry Secretary Peter B. Favila is against a proposal to float additional NDC bonds to raise funds for the projects of the Philippine Infrastructure Corp. (PIC).

Favila’s opposition stems from his desire not to impose additional debts on the National Government due to the need to provide a sovereign guarantee to the NDC bonds as a sweetener.

According to Favila, he has informed NDC General Manager Arthur Aguilar that he would be amenable to the float as long as there is no sovereign guarantee attached to the bonds.
[DatePublished] => 2005-08-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 272976 [Title] => NDC’s infrastructure arm firms up 4 add’l projects worth P30B [Summary] => The Philippine Infrastructure Corp. (PIC), a National Development Corp (NDC) infrastructure arm, has firmed up four additional major infrastructure projects worth at least P30 billion.

These projects are: the Eastern Highway which is estimated to cost P12 billion and will start from Bulacan to Nueva Ecija; the 21-kilometer Calabarzon Expressway to Cavite which is projected to cost around P9 billion; stage II of the Subic-Clark-Tarlac Expressway which will extend up to Pangasinan; and the six-lane C6 which will start from Bicutan to the Manggahan dike bypass east of Taguig. [DatePublished] => 2005-04-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 257225 [Title] => Gov’t mulls P200-B infra dev’t arm under NDC [Summary] => The Arroyo government plans to raise as much as P200 billion for a still to be created Philippine Infrastructure Corp. (PIC).

Trade and Industry Secretary Cesar V. Purisima said over the weekend the proposed PIC would be a subsidiary of the National Development Co. (NDC).

The PIC is intended to "jumpstart" vital infrastructure projects that the Arroyo government is lining up.

Purisima explained that the PIC would initially undertake vital infrastructure projects for which it would eventually invite foreign investors to invest in.
[DatePublished] => 2004-07-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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