+ Follow SOVEREIGN GROUP Tag
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[ArticleID] => 255921
[Title] => Fitch warns RP of credit rating downgrade
[Summary] => Credit rating agency Fitch Ratings Inc. has warned of a ratings downgrade if the Arroyo administration will not be able to raise taxes and immediately privatize the National Power Corp.(Napocor).
The London-based ratings agency said yesterday that the newly-inaugurated President Gloria Arroyo now has the opportunity to capitalize on her fresh mandate after winning the May elections.
However, Fitch said this would take potentially painful steps, including committing to raise taxes and finding a lasting solution to the financial problems at Napocor.
[DatePublished] => 2004-07-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 173032
[Title] => Sovereign Group eyes RP pre-need, banking sectors
[Summary] => The Sovereign Group, a diversified financial services company headed by Singaporean and American nationals, is setting its sights on the Philippine pre-need and banking industries to further augment its profitability and beef up its presence in the Asian-Pacific region.
An industry source said the Sovereign Group is in discussions with the owners of Asian Diamond Plans for the acquisition of the pre-need firm. Upon its entry into the company, the foreign group plans to raise the paid-up capital of Asian Diamond Plans to P100 million from P50 million.
[DatePublished] => 2002-08-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
SOVEREIGN GROUP
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 255921
[Title] => Fitch warns RP of credit rating downgrade
[Summary] => Credit rating agency Fitch Ratings Inc. has warned of a ratings downgrade if the Arroyo administration will not be able to raise taxes and immediately privatize the National Power Corp.(Napocor).
The London-based ratings agency said yesterday that the newly-inaugurated President Gloria Arroyo now has the opportunity to capitalize on her fresh mandate after winning the May elections.
However, Fitch said this would take potentially painful steps, including committing to raise taxes and finding a lasting solution to the financial problems at Napocor.
[DatePublished] => 2004-07-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 173032
[Title] => Sovereign Group eyes RP pre-need, banking sectors
[Summary] => The Sovereign Group, a diversified financial services company headed by Singaporean and American nationals, is setting its sights on the Philippine pre-need and banking industries to further augment its profitability and beef up its presence in the Asian-Pacific region.
An industry source said the Sovereign Group is in discussions with the owners of Asian Diamond Plans for the acquisition of the pre-need firm. Upon its entry into the company, the foreign group plans to raise the paid-up capital of Asian Diamond Plans to P100 million from P50 million.
[DatePublished] => 2002-08-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
August 22, 2002 - 12:00am
