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                    [Title] => Meralco confident of getting another waiver from WB, ADB
                    [Summary] => The Manila Electric Co. (Meralco) is optimistic that it could get another reprieve from its long-term multi-lateral creditors, which include the Asian Development Bank (ADB) and the World Bank (WB). 


"We have been asking them (ADB and WB) to waive our covenant.  With these developments, maybe they could still give us a waiver for another year," Meralco chief finance officer Daniel Tagaza said. 


Of the P32-billion total debts of Meralco as of end-2002, about 80 percent or P24 billion is owed to ADB and WB. 


                    [DatePublished] => 2003-05-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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                    [Title] => Meralco confident of getting another waiver from WB, ADB
                    [Summary] => The Manila Electric Co. (Meralco) is optimistic that it could get another reprieve from its long-term multi-lateral creditors, which include the Asian Development Bank (ADB) and the World Bank (WB). 


"We have been asking them (ADB and WB) to waive our covenant.  With these developments, maybe they could still give us a waiver for another year," Meralco chief finance officer Daniel Tagaza said. 


Of the P32-billion total debts of Meralco as of end-2002, about 80 percent or P24 billion is owed to ADB and WB. 


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                    [AuthorName] => Donnabelle L. Gatdula
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abtest

Meralco confident of getting another waiver from WB, ADB

By Donnabelle L. Gatdula | May 16, 2003 - 12:00am

The Manila Electric Co. (Meralco) is optimistic that it could get another reprieve from its long-term multi-lateral creditors, which include the Asian Development Bank (ADB) and the World Bank (WB). "We have...

Business