Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 297657
                    [Title] => ICAP pushes immediate passage of Revised Investment Company Act
                    [Summary] => The Investment Companies Association of the Philippines (ICAP) is pushing for the immediate passage of the Revised Investment Company Act (RICA) to spur the growth of the mutual fund industry which continues to lag among its Asian neighbors.


A  mutual fund is an investment company that pools money from shareholders and invests in a diversified portfolio of securities.


                    [DatePublished] => 2005-09-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 293491
                    [Title] => BSP vows to continue financial system reforms
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has vowed to continue implementing financial system reforms to complement and accelerate the development of the capital market. 


In a speech before the members of the Investment House Association of the Philippines (IHAP), BSP Governor Amando Tetangco said one of these reforms is the laying out of the groundwork through asset clean-up of banks to restore the credit supply to the economy for the first semester of 2005. 


                    [DatePublished] => 2005-08-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 281590
                    [Title] => ICAP seeks priority status for RICA bill
                    [Summary] => The proposed Revised Investment Company Act (RICA) will not only help develop the country’s flegdling capital markets. It will also even the level playing field for the different industry players. 


That was the position taken by the Investment Companies Association of the Philippines (ICAP), the recognized voice of the mutual fund industry. 


                    [DatePublished] => 2005-06-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 186087
                    [Title] => ADB urges quick passage of revised law on mutual funds
                    [Summary] => The Asian Development Bank is seeking the immediate passage of the Revised Investment Company Act (RICA), which will replace the law currently governing mutual funds, to spur the growth of the capital market.


The ADB said the present mutual fund law or the Investment Company Act (ICA), which is based on the then existing US Investment Company Act of 1940, is deemed restrictive and not responsive to the needs of the industry.


                    [DatePublished] => 2002-12-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 140502
                    [Title] => Government collections of P406-B in 9 months lower than target
                    [Summary] => The Department of Finance (DOF) reported that revenue collection reached P406 billion from January to September this year, or 7.8-percent better than the same period last year. However, it was still 0.9-percent lower than set targets due to the slowdown of the economy.


 Full year revenue generation target is P558.2 billion with P388 billion coming from the Bureau of Internal Revenue (BIR). Full year budget deficit target was placed at P145 billion.


                    [DatePublished] => 2001-11-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

REVISED INVESTMENT COMPANY ACT

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 297657
                    [Title] => ICAP pushes immediate passage of Revised Investment Company Act
                    [Summary] => The Investment Companies Association of the Philippines (ICAP) is pushing for the immediate passage of the Revised Investment Company Act (RICA) to spur the growth of the mutual fund industry which continues to lag among its Asian neighbors.


A  mutual fund is an investment company that pools money from shareholders and invests in a diversified portfolio of securities.


                    [DatePublished] => 2005-09-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 293491
                    [Title] => BSP vows to continue financial system reforms
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has vowed to continue implementing financial system reforms to complement and accelerate the development of the capital market. 


In a speech before the members of the Investment House Association of the Philippines (IHAP), BSP Governor Amando Tetangco said one of these reforms is the laying out of the groundwork through asset clean-up of banks to restore the credit supply to the economy for the first semester of 2005. 


                    [DatePublished] => 2005-08-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 281590
                    [Title] => ICAP seeks priority status for RICA bill
                    [Summary] => The proposed Revised Investment Company Act (RICA) will not only help develop the country’s flegdling capital markets. It will also even the level playing field for the different industry players. 


That was the position taken by the Investment Companies Association of the Philippines (ICAP), the recognized voice of the mutual fund industry. 


                    [DatePublished] => 2005-06-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 186087
                    [Title] => ADB urges quick passage of revised law on mutual funds
                    [Summary] => The Asian Development Bank is seeking the immediate passage of the Revised Investment Company Act (RICA), which will replace the law currently governing mutual funds, to spur the growth of the capital market.


The ADB said the present mutual fund law or the Investment Company Act (ICA), which is based on the then existing US Investment Company Act of 1940, is deemed restrictive and not responsive to the needs of the industry.


                    [DatePublished] => 2002-12-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 140502
                    [Title] => Government collections of P406-B in 9 months lower than target
                    [Summary] => The Department of Finance (DOF) reported that revenue collection reached P406 billion from January to September this year, or 7.8-percent better than the same period last year. However, it was still 0.9-percent lower than set targets due to the slowdown of the economy.


 Full year revenue generation target is P558.2 billion with P388 billion coming from the Bureau of Internal Revenue (BIR). Full year budget deficit target was placed at P145 billion.


                    [DatePublished] => 2001-11-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

ICAP pushes immediate passage of Revised Investment Company Act

By Zinnia B. Dela Peña | September 20, 2005 - 12:00am

The Investment Companies Association of the Philippines (ICAP) is pushing for the immediate passage of the Revised Investment Company Act (RICA) to spur the growth of the mutual fund industry which continues to lag...

Business

BSP vows to continue financial system reforms

By Donnabelle L. Gatdula | August 26, 2005 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has vowed to continue implementing financial system reforms to complement and accelerate the development of the capital market. In a speech before the members of the Investment...

Business

ICAP seeks priority status for RICA bill

By Ted P. Torres | June 14, 2005 - 12:00am

The proposed Revised Investment Company Act (RICA) will not only help develop the country’s flegdling capital markets. It will also even the level playing field for the different industry players. That was...

Banking

ADB urges quick passage of revised law on mutual funds

By Zinnia B. Dela Peña | December 1, 2002 - 12:00am

The Asian Development Bank is seeking the immediate passage of the Revised Investment Company Act (RICA), which will replace the law currently governing mutual funds, to spur the growth of the capital market. The...

Business

Government collections of P406-B in 9 months lower than target

By Ted P. Torres | November 18, 2001 - 12:00am

The Department of Finance (DOF) reported that revenue collection reached P406 billion from January to September this year, or 7.8-percent better than the same period last year. However, it was still 0.9-percent lower...

Business