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                    [ArticleID] => 394554
                    [Title] => Union Bank sets int’l roadshow for rights offer
                    [Summary] => 





Union Bank of the Philippines will start on April 26 its international roadshow and stock rights offer covering a total of 90 million shares.


Union Bank said the stock rights and public offering will raise the necessary capital to make it comply with the international standards for banking institutions set by the Basel II framework.


In a report to the Philippine Stock Exchange (PSE), the Aboitiz-led universal bank said it hopes to raise P4.8 billion from the public offer.


                    [DatePublished] => 2007-04-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 333229
                    [Title] => Anti-Graft Commission taps SGV audit firm in corruption drive
                    [Summary] => The Presidential Anti-Graft Commission (PAGC) has tapped the private auditing firm Sycip Gorres Velayo and Co. to strengthen the internal audit units of government agencies.


In a statement, PAGC said the contract was signed with SGV as part of the $300,000 project funded by the World Bank, through a grant from its Institutional Development Fund, to fight corruption in the Philippines.


The move will help the IAU of government agencies in performing their functions in conformity with international standards in the practice of internal auditing.


                    [DatePublished] => 2006-04-25 00:00:00
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                    [ArticleID] => 253775
                    [Title] => Nenaco asked to prove compliance with SEC rules
                    [Summary] => Debt-saddled Negros Navigation Co. Inc. will have a lot of explaining to do to convince the Securities and Exchange Commission that it had complied with the agency’s full disclosure rules. 


Preliminary results of an audit conducted by the SEC to determine the veracity of Nenaco’s third quarter report showed that the company could have engaged in misrepresentation.   The audit was conducted in lieu of the motion for reconsideration filed by Nenaco with respect to the fine imposed on it by the SEC’s corporation and finance department. 


                    [DatePublished] => 2004-06-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 253893
                    [Title] => Nenaco asked to prove compliance with SEC rules
                    [Summary] => Debt-saddled Negros Navigation Co. Inc. will have a lot of explaining to do to convince the Securities and Exchange Commission that it had complied with the agency’s full disclosure rules. 


Preliminary results of an audit conducted by the SEC to determine the veracity of Nenaco’s third quarter report showed that the company could have engaged in misrepresentation.   The audit was conducted in lieu of the motion for reconsideration filed by Nenaco with respect to the fine imposed on it by the SEC’s corporation and finance department. 


                    [DatePublished] => 2004-06-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 174110
                    [Title] => Financial reports unreliable – survey
                    [Summary] => The Securities and Exchange Commission said corporations have a long way to go in making sure that the financial statements they file are free of any misrepresentations and are in compliance with the international accounting standards.


Citing a survey conducted by premier accounting firm Sycip Gorres Velayo and Co. on corporate governance and practices, SEC Chairman Lilia R. Bautista said only a few believe in the financial and operational information provided by corporations in their financial reports.


                    [DatePublished] => 2002-08-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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SYCIP GORRES VELAYO AND CO

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                    [ArticleID] => 394554
                    [Title] => Union Bank sets int’l roadshow for rights offer
                    [Summary] => 





Union Bank of the Philippines will start on April 26 its international roadshow and stock rights offer covering a total of 90 million shares.


Union Bank said the stock rights and public offering will raise the necessary capital to make it comply with the international standards for banking institutions set by the Basel II framework.


In a report to the Philippine Stock Exchange (PSE), the Aboitiz-led universal bank said it hopes to raise P4.8 billion from the public offer.


                    [DatePublished] => 2007-04-15 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Ted P. Torres
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                    [ArticleID] => 333229
                    [Title] => Anti-Graft Commission taps SGV audit firm in corruption drive
                    [Summary] => The Presidential Anti-Graft Commission (PAGC) has tapped the private auditing firm Sycip Gorres Velayo and Co. to strengthen the internal audit units of government agencies.


In a statement, PAGC said the contract was signed with SGV as part of the $300,000 project funded by the World Bank, through a grant from its Institutional Development Fund, to fight corruption in the Philippines.


The move will help the IAU of government agencies in performing their functions in conformity with international standards in the practice of internal auditing.


                    [DatePublished] => 2006-04-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [ArticleID] => 253775
                    [Title] => Nenaco asked to prove compliance with SEC rules
                    [Summary] => Debt-saddled Negros Navigation Co. Inc. will have a lot of explaining to do to convince the Securities and Exchange Commission that it had complied with the agency’s full disclosure rules. 


Preliminary results of an audit conducted by the SEC to determine the veracity of Nenaco’s third quarter report showed that the company could have engaged in misrepresentation.   The audit was conducted in lieu of the motion for reconsideration filed by Nenaco with respect to the fine imposed on it by the SEC’s corporation and finance department. 


                    [DatePublished] => 2004-06-14 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 253893
                    [Title] => Nenaco asked to prove compliance with SEC rules
                    [Summary] => Debt-saddled Negros Navigation Co. Inc. will have a lot of explaining to do to convince the Securities and Exchange Commission that it had complied with the agency’s full disclosure rules. 


Preliminary results of an audit conducted by the SEC to determine the veracity of Nenaco’s third quarter report showed that the company could have engaged in misrepresentation.   The audit was conducted in lieu of the motion for reconsideration filed by Nenaco with respect to the fine imposed on it by the SEC’s corporation and finance department. 


                    [DatePublished] => 2004-06-14 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [4] => Array
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                    [ArticleID] => 174110
                    [Title] => Financial reports unreliable – survey
                    [Summary] => The Securities and Exchange Commission said corporations have a long way to go in making sure that the financial statements they file are free of any misrepresentations and are in compliance with the international accounting standards.


Citing a survey conducted by premier accounting firm Sycip Gorres Velayo and Co. on corporate governance and practices, SEC Chairman Lilia R. Bautista said only a few believe in the financial and operational information provided by corporations in their financial reports.


                    [DatePublished] => 2002-08-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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abtest

Union Bank sets int’l roadshow for rights offer

By Ted P. Torres | April 15, 2007 - 12:00am

Union Bank of the Philippines will start on April 26 its international roadshow and stock rights offer covering a total of 90 million shares. Union Bank said the stock rights and public offering will...

Business

Anti-Graft Commission taps SGV audit firm in corruption drive

April 25, 2006 - 12:00am

The Presidential Anti-Graft Commission (PAGC) has tapped the private auditing firm Sycip Gorres Velayo and Co. to strengthen the internal audit units of government agencies. In a statement, PAGC said the contract...

Headlines

Nenaco asked to prove compliance with SEC rules

By Zinnia B. Dela Peña | June 14, 2004 - 12:00am

Debt-saddled Negros Navigation Co. Inc. will have a lot of explaining to do to convince the Securities and Exchange Commission that it had complied with the agency’s full disclosure rules. Preliminary results...

Business

Nenaco asked to prove compliance with SEC rules

By Zinnia B. Dela Peña | June 14, 2004 - 12:00am

Debt-saddled Negros Navigation Co. Inc. will have a lot of explaining to do to convince the Securities and Exchange Commission that it had complied with the agency’s full disclosure rules. Preliminary results...

Business

Financial reports unreliable – survey

By Zinnia B. Dela Peña | August 31, 2002 - 12:00am

The Securities and Exchange Commission said corporations have a long way to go in making sure that the financial statements they file are free of any misrepresentations and are in compliance with the international...

Business