- Philstar.com
- The Philippine Star
- Pilipino Star Ngayon
- The Freeman
- Pang-Masa
- Banat
- Interaksyon
- Coupons
SUPPORT PHILSTAR
About Us |
Contact Us |
Advertise |
Privacy Policy |
Member Agreement |
Copyright Notice
Copyright © 2024. Philstar Global Corp. All Rights Reserved
X
+ Follow SPECIAL PURPOSE ASSET VEHICLES Tag
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 209389 [Title] => BSP okays rules for banks bad debts [Summary] => The Bangko Sentral Pilipinas has approved rules and regulations which will allow banks to transfer their non-performing assets (NPAs) to third parties, easing the burden of bad debts.
The BSP said in a statement that the rules and regulations will govern the transfer of NPAs to "Special Purpose Asset Vehicles" (SPVs) which are empowered to sell off such assets.
These regulations also cover the fees that will be charged for the transfer of these assets to the SPVs.
[DatePublished] => 2003-06-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 164657 [Title] => IMF backs GMA economic program [Summary] => The International Monetary Fund (IMF) expressed its confidence yesterday in President Arroyos economic program, but voiced apprehension over falling tax revenues.
IMF officials said the administration has to improve its tax collection so it can meet its P130-billion budget deficit target this year.
At the same time, they expressed hope that senators would break their stalemate soon so that legislation that could unlock billions of dollars in potential investments could be passed.
[DatePublished] => 2002-06-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1389891 [AuthorName] => Jezz Diaz [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 164675 [Title] => IMF calls for more bank mergers [Summary] => The International Monetary Fund (IMF) wants more mergers in the countrys 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] => ) [3] => Array ( [ArticleID] => 164472 [Title] => Set aside petty politics, JDV urges national leaders [Summary] => Speaker Jose de Venecia Jr. urged the countrys leaders yesterday to set aside petty politics and work on reforms that could propel the country to a new level of economic growth.
"The heroism required of us is to set aside petty politics, the politics of hate and destruction, and to rally behind a common agenda created by the nations political, business, religious, and civil society leaders so we can overtake Malaysia and Thailand in the next 10 years," he said.
[DatePublished] => 2002-06-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [4] => Array ( [ArticleID] => 162606 [Title] => House OKs Securitization Act [Summary] => The House of Representatives has approved the Securitization Act, which would allow the government to convert future income or assets into cash on hand that it can immediately use. [DatePublished] => 2002-05-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097047 [AuthorName] => Jess Diaz [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
SPECIAL PURPOSE ASSET VEHICLES
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 209389 [Title] => BSP okays rules for banks bad debts [Summary] => The Bangko Sentral Pilipinas has approved rules and regulations which will allow banks to transfer their non-performing assets (NPAs) to third parties, easing the burden of bad debts.
The BSP said in a statement that the rules and regulations will govern the transfer of NPAs to "Special Purpose Asset Vehicles" (SPVs) which are empowered to sell off such assets.
These regulations also cover the fees that will be charged for the transfer of these assets to the SPVs.
[DatePublished] => 2003-06-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 164657 [Title] => IMF backs GMA economic program [Summary] => The International Monetary Fund (IMF) expressed its confidence yesterday in President Arroyos economic program, but voiced apprehension over falling tax revenues.
IMF officials said the administration has to improve its tax collection so it can meet its P130-billion budget deficit target this year.
At the same time, they expressed hope that senators would break their stalemate soon so that legislation that could unlock billions of dollars in potential investments could be passed.
[DatePublished] => 2002-06-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1389891 [AuthorName] => Jezz Diaz [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 164675 [Title] => IMF calls for more bank mergers [Summary] => The International Monetary Fund (IMF) wants more mergers in the countrys 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] => ) [3] => Array ( [ArticleID] => 164472 [Title] => Set aside petty politics, JDV urges national leaders [Summary] => Speaker Jose de Venecia Jr. urged the countrys leaders yesterday to set aside petty politics and work on reforms that could propel the country to a new level of economic growth.
"The heroism required of us is to set aside petty politics, the politics of hate and destruction, and to rally behind a common agenda created by the nations political, business, religious, and civil society leaders so we can overtake Malaysia and Thailand in the next 10 years," he said.
[DatePublished] => 2002-06-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [4] => Array ( [ArticleID] => 162606 [Title] => House OKs Securitization Act [Summary] => The House of Representatives has approved the Securitization Act, which would allow the government to convert future income or assets into cash on hand that it can immediately use. [DatePublished] => 2002-05-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097047 [AuthorName] => Jess Diaz [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
June 9, 2003 - 12:00am
By Jezz Diaz | June 15, 2002 - 12:00am
By Ted P. Torres | June 15, 2002 - 12:00am
June 13, 2002 - 12:00am
By Jess Diaz | May 29, 2002 - 12:00am
Recommended
Sports without borders is the name of the game as the PBA and Dark League Studios tied up once again for Season 2 of the PBA Esports Bakbakan Dota 2 this month.
12 hours ago
Sports without borders is the name of the game as the PBA and Dark League Studious tied up once again for Season 2 of the PBA Esports Bakbakan Dota 2 this month.
16 hours ago
Bacoor hacked out a 20-25, 25-22, 25-17, 21-25, 15-3 win over Biñan Tatak Gel to stay within striking distance of league leaders in Round 2 of the Maharlika Pilipinas Volleyball Association Season 1 yesterday at the Ynares Sports Arena in Pasig.
12 hours ago
Two games got EASL’s second home-and-away season off to a rousing start before a big crowd at the MOA Arena last Wednesday with celebrities, basketball figures and the league’s team owners from six countries soaking in the festivities.
12 hours ago
Lotto Oct 3, 2024
EZ2 - 11 28
SUERTRES - 3 0 8
6D Lotto - 9 4 2 1 6 7
6/42 Lotto - 28 19 35 41 25 3
P19,593,195.00
6/49 Super Lotto - 16 41 26 27 44 21
P15,840,000.00
Forex
February 12, 2018
- 12:00 am
- 12:00 am
1$ : P51.66