+ Follow SPECIAL PURPOSE VEHICLE ACT Tag
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 502900
[Title] => Philippine Investment Two denies anti-dummy charge
[Summary] => Philippine Investment Two Inc. (PI2), a special purpose vehicle (SPV) created under the Special Purpose Vehicle Act of 2002 to acquire non-performing assets from Philippine financial institutions, issued a statement to clarify the Anti-Dummy Law case filed against certain former directors of PI2, including Carlos Mañalac, and a current director, Norman Macasaet.
[DatePublished] => 2009-09-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 449733
[Title] => RP banks get 'negative' credit outlook
[Summary] => Moody’s Investors Service announced yesterday that its fundamental credit outlook for the Philippine banking system is “negative”, reflecting expectations that a slowing economy would contribute to a cyclical weakening in the country’s bank credit fundamentals.
[DatePublished] => 2009-03-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 342149
[Title] => Commercial bank lending up 1.3% to P1.556T in April
[Summary] => Commercial bank (KB) lending rose by 1.3 percent in April, reaching P1.556 trillion and reversing a decline recorded in March, the Bangko Sentral ng Pilipinas (BIP) reported yesterday..
The BSP said bank lending appeared to have recovered in April, turning around from the 0.5 percent decline in March.
The BSP said loan growth in April came from lending to financial institutions, real estate and business services (14 percent); agriculture, fisheries and forestry, (eight percent); and community, social and personal services sector, (3.3 percent).
[DatePublished] => 2006-06-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 331984
[Title] => Commercial bank lending up 2.4% to P1.561T in February
[Summary] => Commercial bank lending rose by 2.4 percent to hit P1.561 trillion in February as financial services and real estate development continued to recover, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
The BSP said the improvement in commercial bank lending was driven mainly by loans to the financial institutions, real estate and business services (FIREBS) sector, which recorded a 18.8 percent year-on-year increase during the month in review.
[DatePublished] => 2006-04-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 325982
[Title] => Market seen flat this week
[Summary] => The stock market is expected to move sideways this week with the 2005 earnings reporting season almost complete and lack of corporate news to trade on.
[DatePublished] => 2006-03-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 317083
[Title] => Commercial bank lending up 3.8% to P1.6T as of November 2005
[Summary] => The commecial banking industry’s outstanding loans went up slightly by 3.8 percent to P1.6 trillion as of end-November last year from P1.54 trillion in the same period in 2004, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
Bulk of the growth in KB loans was accounted for by the agriculture, fisheries and forestry sector which registered a growth of 9.9 percent during the period followed by the financial institutions, real estate and business services sector (FIREBS) with an 8.3 percent growth rate.
[DatePublished] => 2006-01-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 292314
[Title] => Three economic bills up for Senate deliberations — Drilon
[Summary] => At least three economic bills have been lined up for deliberations in the Senate, apparently in response to charges that Congress has come to a standstill over the political crisis hounding President Arroyo, Senate President Franklin Drilon disclosed yesterday.
Senators Miriam Defensor Santiago and Juan Ponce Enrile recently complained that the Senate was not doing any important legislative work because of its preoccupation with political matters.
[DatePublished] => 2005-08-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1500820
[AuthorName] => Marvin Sy
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[7] => Array
(
[ArticleID] => 282694
[Title] => Banks to continue sale of bad assets even without perks
[Summary] => Even without the incentives under the Special Purpose Vehicle Act (SPVA), banks would be compelled to dispose of unproductive assets that continue to weigh down the industry, the Bangko Sentral ng Pilipinas (BSP) said.
The SPVA incentives expired in April this year, but BSP Deputy Governor Amando M. Tetangco said the central bank intends to further push banks to clean up their portfolio.
[DatePublished] => 2005-06-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 266826
[Title] => RCBC net income drops 6.3% to P1.19B in Jan-Sept
[Summary] => The Yuchengco-controlled Rizal Commercial Banking Corp. (RCBC) posted a net income of P1.19 billion in the first nine months of the year, 6.3 percent lower than the P1.27 billion profit reported the same period a year ago.
In a financial report filed with the Philippine Stock Exchange, RCBC said the decline in earnings was due to higher interest expenses and lower income from equity investments.
[DatePublished] => 2004-11-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 266930
[Title] => RCBC net income drops 6.3% to P1.19B in Jan-Sept
[Summary] => The Yuchengco-controlled Rizal Commercial Banking Corp. (RCBC) posted a net income of P1.19 billion in the first nine months of the year, 6.3 percent lower than the P1.27 billion profit reported the same period a year ago.
In a financial report filed with the Philippine Stock Exchange, RCBC said the decline in earnings was due to higher interest expenses and lower income from equity investments.
[DatePublished] => 2004-11-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
SPECIAL PURPOSE VEHICLE ACT
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 502900
[Title] => Philippine Investment Two denies anti-dummy charge
[Summary] => Philippine Investment Two Inc. (PI2), a special purpose vehicle (SPV) created under the Special Purpose Vehicle Act of 2002 to acquire non-performing assets from Philippine financial institutions, issued a statement to clarify the Anti-Dummy Law case filed against certain former directors of PI2, including Carlos Mañalac, and a current director, Norman Macasaet.
[DatePublished] => 2009-09-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 449733
[Title] => RP banks get 'negative' credit outlook
[Summary] => Moody’s Investors Service announced yesterday that its fundamental credit outlook for the Philippine banking system is “negative”, reflecting expectations that a slowing economy would contribute to a cyclical weakening in the country’s bank credit fundamentals.
[DatePublished] => 2009-03-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 342149
[Title] => Commercial bank lending up 1.3% to P1.556T in April
[Summary] => Commercial bank (KB) lending rose by 1.3 percent in April, reaching P1.556 trillion and reversing a decline recorded in March, the Bangko Sentral ng Pilipinas (BIP) reported yesterday..
The BSP said bank lending appeared to have recovered in April, turning around from the 0.5 percent decline in March.
The BSP said loan growth in April came from lending to financial institutions, real estate and business services (14 percent); agriculture, fisheries and forestry, (eight percent); and community, social and personal services sector, (3.3 percent).
[DatePublished] => 2006-06-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 331984
[Title] => Commercial bank lending up 2.4% to P1.561T in February
[Summary] => Commercial bank lending rose by 2.4 percent to hit P1.561 trillion in February as financial services and real estate development continued to recover, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
The BSP said the improvement in commercial bank lending was driven mainly by loans to the financial institutions, real estate and business services (FIREBS) sector, which recorded a 18.8 percent year-on-year increase during the month in review.
[DatePublished] => 2006-04-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 325982
[Title] => Market seen flat this week
[Summary] => The stock market is expected to move sideways this week with the 2005 earnings reporting season almost complete and lack of corporate news to trade on.
[DatePublished] => 2006-03-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 317083
[Title] => Commercial bank lending up 3.8% to P1.6T as of November 2005
[Summary] => The commecial banking industry’s outstanding loans went up slightly by 3.8 percent to P1.6 trillion as of end-November last year from P1.54 trillion in the same period in 2004, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
Bulk of the growth in KB loans was accounted for by the agriculture, fisheries and forestry sector which registered a growth of 9.9 percent during the period followed by the financial institutions, real estate and business services sector (FIREBS) with an 8.3 percent growth rate.
[DatePublished] => 2006-01-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 292314
[Title] => Three economic bills up for Senate deliberations — Drilon
[Summary] => At least three economic bills have been lined up for deliberations in the Senate, apparently in response to charges that Congress has come to a standstill over the political crisis hounding President Arroyo, Senate President Franklin Drilon disclosed yesterday.
Senators Miriam Defensor Santiago and Juan Ponce Enrile recently complained that the Senate was not doing any important legislative work because of its preoccupation with political matters.
[DatePublished] => 2005-08-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1500820
[AuthorName] => Marvin Sy
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[7] => Array
(
[ArticleID] => 282694
[Title] => Banks to continue sale of bad assets even without perks
[Summary] => Even without the incentives under the Special Purpose Vehicle Act (SPVA), banks would be compelled to dispose of unproductive assets that continue to weigh down the industry, the Bangko Sentral ng Pilipinas (BSP) said.
The SPVA incentives expired in April this year, but BSP Deputy Governor Amando M. Tetangco said the central bank intends to further push banks to clean up their portfolio.
[DatePublished] => 2005-06-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 266826
[Title] => RCBC net income drops 6.3% to P1.19B in Jan-Sept
[Summary] => The Yuchengco-controlled Rizal Commercial Banking Corp. (RCBC) posted a net income of P1.19 billion in the first nine months of the year, 6.3 percent lower than the P1.27 billion profit reported the same period a year ago.
In a financial report filed with the Philippine Stock Exchange, RCBC said the decline in earnings was due to higher interest expenses and lower income from equity investments.
[DatePublished] => 2004-11-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 266930
[Title] => RCBC net income drops 6.3% to P1.19B in Jan-Sept
[Summary] => The Yuchengco-controlled Rizal Commercial Banking Corp. (RCBC) posted a net income of P1.19 billion in the first nine months of the year, 6.3 percent lower than the P1.27 billion profit reported the same period a year ago.
In a financial report filed with the Philippine Stock Exchange, RCBC said the decline in earnings was due to higher interest expenses and lower income from equity investments.
[DatePublished] => 2004-11-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
September 8, 2009 - 12:00am
