+ Follow RAMCAR Tag
RAMCAR
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[0] => Array
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[ArticleID] => 342701
[Title] => Ramcar trims debt to P500M, climbs out of receivership
[Summary] => The Ramcar Group, a manufacturer of a local line of batteries including Motolite and Oriental, is now out of receivership following the successful implementation of a court-approved rehabilitation program which resulted in the reduction of its debt to less than P500 million from a high of P7.6 billion in 2001.
A local court issued an order terminating rehabilitation proceedings after the terms of the second amended rehabilitation plan, as approved on August 23, 2003, were fully and successfully implemented by the Ramcar Group and its creditors.
[DatePublished] => 2006-06-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 223222
[Title] => Ramcar creditor seeks replacement of receiver
[Summary] => A Ramcar creditor has filed a court case calling for the replacement of the company’s receiver for alleged "irresponsibility, unprofessionalism and incompetence." The receiver, Fortunato Cruz, who is engaged in "corporate recovery services," was former president of both the Financial Executives Institute and the Philippine Institute of Certified Public Accountants. He was also erstwhile vice chairman of the Joaquin Cunanan & Co. accountancy firm.
[DatePublished] => 2003-10-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 220489
[Title] => Court okays amended rehab plan for Ramcar
[Summary] => The Quezon City Regional Trial Court (RTC) approved recently the second amended rehabilitation plan of leading car battery manufacturer Ramcar, Inc. Since the petition for rehabilitation was submitted on Dec. 18, 2001, the rehab plan has undergone several changes and now incorporates the major concerns of its creditor banks and suppliers.
[DatePublished] => 2003-09-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 212800
[Title] => Bank faces suit over botched investment
[Summary] => Asiatrust Bank faces a possible lawsuit from a group of small investors who claim the bank may have deliberately misled them on the investment of their funds in a company that eventually went bankrupt.
The group said they are now mulling charges against the Quezon City-based bank for alleged misrepresentation involving transactions estimated at over P20 million after the bank rolled over their placements just 11 days prior to the debtor-company’s closure.
[DatePublished] => 2003-07-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 149084
[Title] => Ramcar’s alive and well, thank you!
[Summary] => Some weeks ago, I got a call from an old friend, Manolo Agustines about something I wrote which disappointed him. I implied that Enron and Ramcar were pretty much the same. It just isn't so, he said. For one thing, Ramcar is not a public corporation like Enron. He does not have public stockholders to worry about. Also, he did not cause retirement funds of any of his employees to go up in smoke. They also did not keep anything from their banks, nor did they mislead them.
[DatePublished] => 2002-02-01 00:00:00
[ColumnID] => 133182
[Focus] => 0
[AuthorID] => 1804837
[AuthorName] => Boo Chanco
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 146219
[Title] => Court grants Ramcar bid for debt relief
[Summary] => The Quezon City Regional Trial Court has issued an order stopping all claims against the Ramcar group which is in debt by about P7 billion.
The so-called stay order, which prohibits the companies from paying the principal and interest on their outstanding debts, is expected to pave the way for an orderly restructuring of the Group’s debts.
Ramcar president Roberto V. Garcia said the order "allows us to continue normal operations and service our customers both in the domestic and export markets."
[DatePublished] => 2002-01-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 140962
[Title] => Four banks amenable to Ramcar’s dacion en pago offer
[Summary] => Four of Ramcar Inc.’s 19 creditor banks said they are amenable to the company’s dacion en pago offer while nine others are considering it, a ranking official of the company said the other night.
Saying the company is not interested in taking in a strategic partner, Ramcar president Roberto V. Garcia, Ramcar Inc. they are capable of paying their debts with all the "profitable" real estate properties that they own.
[DatePublished] => 2001-11-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 140667
[Title] => Rechanging Ramcar’s battery
[Summary] => 
Ramcar Inc. chairman and chief executive officer Manuel Agustines has a sure-fire method for predicting growth in gross national product. He looks at the movement of motor vehicle battery sales, where Ramcar and its sister-companies currently control 65% of the market. "My projection has always been on the dot. In times of slow growth, people don’t use their vehicles as often," said Agustines, whose hair has turned completely white in the past month.
[DatePublished] => 2001-11-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1488513
[AuthorName] => Margaret Jao-Grey
[SectionName] => Business As Usual
[SectionUrl] => business-as-usual
[URL] =>
)
[8] => Array
(
[ArticleID] => 140156
[Title] => Banks’ NPLs won’t exceed 18% — BSP
[Summary] => The banking sector’s non-performing loans (NPLs) should not exceed 18 percent of total loan portfolio (TLP) this year notwithstanding concerns that the economic slump will make it harder for banks to collect from their borrowers.
[DatePublished] => 2001-11-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 137492
[Title] => How can banks make money today?
[Summary] => As we ponder our fate in the wake of a serious economic downturn, we thought that we ought to learn some lessons from Japan. The Japanese banking system is rotten to the core and is one of the main reasons why Japan is suffering a decade long economic depression. The financial statements of the Japanese banks are in the realm of fiction. Loans that have long gone sour are still carried as if they were current. In fact, Japanese banks continue to support clients they should have cut off a long time ago.
[DatePublished] => 2001-10-22 00:00:00
[ColumnID] => 133182
[Focus] => 0
[AuthorID] => 1804837
[AuthorName] => Boo Chanco
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
October 6, 2003 - 12:00am
September 15, 2003 - 12:00am
