Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 2077318
                    [Title] => SPAV
                    [Summary] => What exactly do these honorable congressmen not understand about the SPAV Law?
                    [DatePublished] => 2021-02-13 00:00:00
                    [ColumnID] => 134157
                    [Focus] => 1
                    [AuthorID] => 1804783
                    [AuthorName] => Alex Magno
                    [SectionName] => Opinion
                    [SectionUrl] => opinion
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 320766
                    [Title] => Senate close to passing bill extending SPAV
                    [Summary] => The Senate has scheduled for floor deliberations the proposal to extend the coverage of Republic Act No. 9182 or the Special Purpose Asset Vehicle (SPAV) Act. 


Sen. Ralph Recto, chairman of the Senate ways and means committee, has submitted the report for plenary debates which recommended an 18-month extension of the period for the establishment and registration of SPAVs.


The committee also recommended an extension for two years the transfer of non-performing assets of banks and financial institutions to the SPAVs without changing the existing fiscal incentives.


                    [DatePublished] => 2006-02-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 242786
                    [Title] => PBCom embarks on modernization program
                    [Summary] => The Philippine Bank of Communications is embarking on a major expansion and modernization program designed to strengthen the bank and enhance profitability on a sustained basis, PBCom President and CEO Isidro Alcantara announced yesterday.


The bank’s three major stockholder groups have put in escrow an additional P3 billion to bring total capital to more than P9 billion, making PBCom the best capitalized commercial bank.


                    [DatePublished] => 2004-03-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 181707
                    [Title] => Banks and borrowers play roulette
                    [Summary] => Now that the Senate has passed its version of the Special Asset Management Companies (SAMC) bill a.k.a. Special Purpose Asset Vehicle (SPAV) bill, the stage is set for the bicameral conference.  


And this could prove to be much more interesting since the House version passed early this year is reputedly pro-borrower while that of the Senate is pro-bank.


                    [DatePublished] => 2002-10-28 00:00:00
                    [ColumnID] => 133715
                    [Focus] => 0
                    [AuthorID] => 1805279
                    [AuthorName] => Rey Gamboa
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 176165
                    [Title] => Banks air concern over a watered-down SPAV Law
                    [Summary] => Watering down the Special Purpose Asset Vehicle (SPAV) Law to cover only foreclosed assets would do more harm than good to the banking sector and possibly trigger the foreclosure of non-performing loans (NPLs).


Officials said yesterday that the emerging consensus to water down the SPAV law to the point where it would apply only to the disposition of foreclosed assets would eliminate the objective of encouraging banks to dispose of problematic loans for restructuring.


                    [DatePublished] => 2002-09-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 174920
                    [Title] => Senate again fails to pass SPAV bill
                    [Summary] => The Senate failed to grant President Arroyo’s request yesterday to pass the Special Purpose Asset Vehicle (SPAV) bill before it goes on a two-week recess starting today.


However, Sen. Ralph Recto, chairman of the Senate committee on ways and means and principal author and sponsor of the bill, remains hopeful that it would be passed on Sept. 30 when Congress resumes session.


Sen. Sergio Osmeña III, however, is convinced that the measure, unless amended, would not pass muster in the Senate.


                    [DatePublished] => 2002-09-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 165934
                    [Title] => IMF wants mergers, too
                    [Summary] => The International Monetary Fund (IMF) wants more mergers in the country’s banking system.


IMF team leader Joshua Felman added that they want banks to improve their balance sheets "which have become increasingly burdened by their non-performing assets (NPAs)."


Felman added that they want monetary authorities to press Philippine banks "to add more equity to their coffers, to initiate more mergers, and entertain more buyers."


                    [DatePublished] => 2002-06-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 164959
                    [Title] => Gainers and losers in the lastest Senate show
                    [Summary] => Opinion makers say the recent coup at the Senate is nothing but a circus of sorts, providing temporary amusement to the ever-colorful world of politics and giving media something to babble about until the second regular session of Congress resumes on July 22.


The setting was melodramatic enough. A change of heart of a displeased senator and the absence of an ailing colleague did it all.


                    [DatePublished] => 2002-06-17 00:00:00
                    [ColumnID] => 133715
                    [Focus] => 0
                    [AuthorID] => 1805279
                    [AuthorName] => Rey Gamboa
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 164802
                    [Title] => BSP confident Congress will pass SPAV bill
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) remains confident that Congress will eventually pass the measure on special purpose asset vehicles (SPAV). Congress is in recess and will reconvene in July.


Likewise, improvements in the economy have attracted back venture capital.


In an interview, BSP Governor Rafael B. Buenaventura said that when Congress recovers from all the brouhaha, "there is no reason why an acceptable SPAV could be passed into law."


                    [DatePublished] => 2002-06-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 164675
                    [Title] => IMF calls for more bank mergers
                    [Summary] => The International Monetary  Fund (IMF) wants  more mergers in the country’s banking system while the Special Purpose Asset Vehicles (SPAV) bill languishes in  Congress.


IMF team leader Joshua Felman said they want banks to improve their balance sheets "which have become increasingly burdened by their non-performing assets (NPAs)."


Felman added they want monetary authorities to press Philippine banks "to add more equity to their coffers, to initiate more mergers, and entertain more buyers."


                    [DatePublished] => 2002-06-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

SPAV

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 2077318
                    [Title] => SPAV
                    [Summary] => What exactly do these honorable congressmen not understand about the SPAV Law?
                    [DatePublished] => 2021-02-13 00:00:00
                    [ColumnID] => 134157
                    [Focus] => 1
                    [AuthorID] => 1804783
                    [AuthorName] => Alex Magno
                    [SectionName] => Opinion
                    [SectionUrl] => opinion
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 320766
                    [Title] => Senate close to passing bill extending SPAV
                    [Summary] => The Senate has scheduled for floor deliberations the proposal to extend the coverage of Republic Act No. 9182 or the Special Purpose Asset Vehicle (SPAV) Act. 


Sen. Ralph Recto, chairman of the Senate ways and means committee, has submitted the report for plenary debates which recommended an 18-month extension of the period for the establishment and registration of SPAVs.


The committee also recommended an extension for two years the transfer of non-performing assets of banks and financial institutions to the SPAVs without changing the existing fiscal incentives.


                    [DatePublished] => 2006-02-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 242786
                    [Title] => PBCom embarks on modernization program
                    [Summary] => The Philippine Bank of Communications is embarking on a major expansion and modernization program designed to strengthen the bank and enhance profitability on a sustained basis, PBCom President and CEO Isidro Alcantara announced yesterday.


The bank’s three major stockholder groups have put in escrow an additional P3 billion to bring total capital to more than P9 billion, making PBCom the best capitalized commercial bank.


                    [DatePublished] => 2004-03-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 181707
                    [Title] => Banks and borrowers play roulette
                    [Summary] => Now that the Senate has passed its version of the Special Asset Management Companies (SAMC) bill a.k.a. Special Purpose Asset Vehicle (SPAV) bill, the stage is set for the bicameral conference.  


And this could prove to be much more interesting since the House version passed early this year is reputedly pro-borrower while that of the Senate is pro-bank.


                    [DatePublished] => 2002-10-28 00:00:00
                    [ColumnID] => 133715
                    [Focus] => 0
                    [AuthorID] => 1805279
                    [AuthorName] => Rey Gamboa
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 176165
                    [Title] => Banks air concern over a watered-down SPAV Law
                    [Summary] => Watering down the Special Purpose Asset Vehicle (SPAV) Law to cover only foreclosed assets would do more harm than good to the banking sector and possibly trigger the foreclosure of non-performing loans (NPLs).


Officials said yesterday that the emerging consensus to water down the SPAV law to the point where it would apply only to the disposition of foreclosed assets would eliminate the objective of encouraging banks to dispose of problematic loans for restructuring.


                    [DatePublished] => 2002-09-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 174920
                    [Title] => Senate again fails to pass SPAV bill
                    [Summary] => The Senate failed to grant President Arroyo’s request yesterday to pass the Special Purpose Asset Vehicle (SPAV) bill before it goes on a two-week recess starting today.


However, Sen. Ralph Recto, chairman of the Senate committee on ways and means and principal author and sponsor of the bill, remains hopeful that it would be passed on Sept. 30 when Congress resumes session.


Sen. Sergio Osmeña III, however, is convinced that the measure, unless amended, would not pass muster in the Senate.


                    [DatePublished] => 2002-09-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 165934
                    [Title] => IMF wants mergers, too
                    [Summary] => The International Monetary Fund (IMF) wants more mergers in the country’s banking system.


IMF team leader Joshua Felman added that they want banks to improve their balance sheets "which have become increasingly burdened by their non-performing assets (NPAs)."


Felman added that they want monetary authorities to press Philippine banks "to add more equity to their coffers, to initiate more mergers, and entertain more buyers."


                    [DatePublished] => 2002-06-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 164959
                    [Title] => Gainers and losers in the lastest Senate show
                    [Summary] => Opinion makers say the recent coup at the Senate is nothing but a circus of sorts, providing temporary amusement to the ever-colorful world of politics and giving media something to babble about until the second regular session of Congress resumes on July 22.


The setting was melodramatic enough. A change of heart of a displeased senator and the absence of an ailing colleague did it all.


                    [DatePublished] => 2002-06-17 00:00:00
                    [ColumnID] => 133715
                    [Focus] => 0
                    [AuthorID] => 1805279
                    [AuthorName] => Rey Gamboa
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 164802
                    [Title] => BSP confident Congress will pass SPAV bill
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) remains confident that Congress will eventually pass the measure on special purpose asset vehicles (SPAV). Congress is in recess and will reconvene in July.


Likewise, improvements in the economy have attracted back venture capital.


In an interview, BSP Governor Rafael B. Buenaventura said that when Congress recovers from all the brouhaha, "there is no reason why an acceptable SPAV could be passed into law."


                    [DatePublished] => 2002-06-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 164675
                    [Title] => IMF calls for more bank mergers
                    [Summary] => The International Monetary  Fund (IMF) wants  more mergers in the country’s banking system while the Special Purpose Asset Vehicles (SPAV) bill languishes in  Congress.


IMF team leader Joshua Felman said they want banks to improve their balance sheets "which have become increasingly burdened by their non-performing assets (NPAs)."


Felman added they want monetary authorities to press Philippine banks "to add more equity to their coffers, to initiate more mergers, and entertain more buyers."


                    [DatePublished] => 2002-06-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest