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                    [ArticleID] => 355511
                    [Title] => PAL posts banner year on 63% profit hike
                    [Summary] => Philippine Airlines earned a profit of $28.7 million on revenues of $1.24 billion for its fiscal year that ended last March 31, 2006, PAL chairman Lucio C. Tan and president Jaime J. Bautista reported to the flag carrier’s shareholders yesterday.


The profit represented a hefty 63-percent increase over the previous fiscal year’s net income of $17.6 million.  It was the airline’s most profitable year in over a decade. PAL last reported a surplus exceeding $20 million in 1993, when it booked $40.5 million.


                    [DatePublished] => 2006-08-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 344114
                    [Title] => New DBP chair under fire
                    [Summary] => After only a few weeks as the chairman of the board of the Development Bank of the Philippines (DBP), Antonino L. Alindogan was unceremoniously replaced by former labor secretary Patricia Sto. Tomas.


Before Sto. Tomas was sworn into office, various sectors wrote Malacanang expressing their dismay at the turn of events. 


Last week, the former labor secretary was sworn into office in disregard of the various interest groups including the bank’s employees union, the biggest national microfinance organization, and the Asia’s premier advanced management center. 

                    [DatePublished] => 2006-06-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 210468
                    [Title] => 119 Philippine banks join microfinance bandwagon
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) reported yesterday substantial progress in the efforts to extend the reach of microfinance operations to the "poorest of the entrepreneurial poor" nationwide.


BSP Deputy Governor Alberto V. Reyes, chairman of the BSP microfinance committee, said that as of May 2003, there were 119 banks with 363 branches that were engaged in microfinance reaching 394,613 borrowers with total loans outstanding of P2.2 billion. 


                    [DatePublished] => 2003-06-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 193197
                    [Title] => BSP starts microfinance roadshow in Cebu City
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) will launch the microfinance regional advocacy program in Cebu City on Jan. 31.


This will be the first of a series of information seminars that will be held in the strategic regions of the country to promote the development of sustainable microfinance. The end goal of this endeavor is to catalyze the development of sustainable microfinance institutions in the country to be able to reach a larger number of entrepreneurial poor.


                    [DatePublished] => 2003-01-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 165083
                    [Title] => BSP forms micro-finance unit
                    [Summary] => True to form, the Bangko Sentral ng Pilipinas (BSP) has formed a unit solely for the development of the microfinance sector.


"In view of the commitment of the BSP to encourage micro-lending, the Monetary Board (MB) approved the adoption of a microfinance unit and the creation of an inter-sectoral microfinance committee to centralize and oversee program," BSP Deputy Governor Alberto Reyes said.


                    [DatePublished] => 2002-06-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 141591
                    [Title] => BSP supports  microfinancing
                    [Summary] => Responding to the challenge of poverty alleviation, the Bangko Sentral ng Pilipinas (BSP) has established a special unit for microfinance.


"We envision this unit as a vehicle for mobilizing and administering possible international and local donor funds as well as our own BSP funds to be earmarked primarily for microfinance training, advocacy and research," BSP Monetary Board member Antonino L. Alindogan said.


Alindogan said that it was critical that the importance of microfinance is propagated, and access to technology is available.


                    [DatePublished] => 2001-11-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

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)

ANTONINO L

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    [results] => Array
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                (
                    [ArticleID] => 355511
                    [Title] => PAL posts banner year on 63% profit hike
                    [Summary] => Philippine Airlines earned a profit of $28.7 million on revenues of $1.24 billion for its fiscal year that ended last March 31, 2006, PAL chairman Lucio C. Tan and president Jaime J. Bautista reported to the flag carrier’s shareholders yesterday.


The profit represented a hefty 63-percent increase over the previous fiscal year’s net income of $17.6 million.  It was the airline’s most profitable year in over a decade. PAL last reported a surplus exceeding $20 million in 1993, when it booked $40.5 million.


                    [DatePublished] => 2006-08-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 344114
                    [Title] => New DBP chair under fire
                    [Summary] => After only a few weeks as the chairman of the board of the Development Bank of the Philippines (DBP), Antonino L. Alindogan was unceremoniously replaced by former labor secretary Patricia Sto. Tomas.


Before Sto. Tomas was sworn into office, various sectors wrote Malacanang expressing their dismay at the turn of events. 


Last week, the former labor secretary was sworn into office in disregard of the various interest groups including the bank’s employees union, the biggest national microfinance organization, and the Asia’s premier advanced management center. 

                    [DatePublished] => 2006-06-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 210468
                    [Title] => 119 Philippine banks join microfinance bandwagon
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) reported yesterday substantial progress in the efforts to extend the reach of microfinance operations to the "poorest of the entrepreneurial poor" nationwide.


BSP Deputy Governor Alberto V. Reyes, chairman of the BSP microfinance committee, said that as of May 2003, there were 119 banks with 363 branches that were engaged in microfinance reaching 394,613 borrowers with total loans outstanding of P2.2 billion. 


                    [DatePublished] => 2003-06-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 193197
                    [Title] => BSP starts microfinance roadshow in Cebu City
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) will launch the microfinance regional advocacy program in Cebu City on Jan. 31.


This will be the first of a series of information seminars that will be held in the strategic regions of the country to promote the development of sustainable microfinance. The end goal of this endeavor is to catalyze the development of sustainable microfinance institutions in the country to be able to reach a larger number of entrepreneurial poor.


                    [DatePublished] => 2003-01-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

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                (
                    [ArticleID] => 165083
                    [Title] => BSP forms micro-finance unit
                    [Summary] => True to form, the Bangko Sentral ng Pilipinas (BSP) has formed a unit solely for the development of the microfinance sector.


"In view of the commitment of the BSP to encourage micro-lending, the Monetary Board (MB) approved the adoption of a microfinance unit and the creation of an inter-sectoral microfinance committee to centralize and oversee program," BSP Deputy Governor Alberto Reyes said.


                    [DatePublished] => 2002-06-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 141591
                    [Title] => BSP supports  microfinancing
                    [Summary] => Responding to the challenge of poverty alleviation, the Bangko Sentral ng Pilipinas (BSP) has established a special unit for microfinance.


"We envision this unit as a vehicle for mobilizing and administering possible international and local donor funds as well as our own BSP funds to be earmarked primarily for microfinance training, advocacy and research," BSP Monetary Board member Antonino L. Alindogan said.


Alindogan said that it was critical that the importance of microfinance is propagated, and access to technology is available.


                    [DatePublished] => 2001-11-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

        )

)

abtest

PAL posts banner year on 63% profit hike

August 31, 2006 - 12:00am

Philippine Airlines earned a profit of $28.7 million on revenues of $1.24 billion for its fiscal year that ended last March 31, 2006, PAL chairman Lucio C. Tan and president Jaime J. Bautista reported to the flag...

Business

New DBP chair under fire

June 27, 2006 - 12:00am

After only a few weeks as the chairman of the board of the Development Bank of the Philippines (DBP), Antonino L. Alindogan was unceremoniously replaced by former labor secretary Patricia Sto. Tomas. Before Sto....

Banking

119 Philippine banks join microfinance bandwagon

June 17, 2003 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) reported yesterday substantial progress in the efforts to extend the reach of microfinance operations to the "poorest of the entrepreneurial poor" nationwide. BSP...

Banking

BSP starts microfinance roadshow in Cebu City

January 28, 2003 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) will launch the microfinance regional advocacy program in Cebu City on Jan. 31. This will be the first of a series of information seminars that will be held in the strategic...

Banking

BSP forms micro-finance unit

By Ted P. Torres | June 18, 2002 - 12:00am

True to form, the Bangko Sentral ng Pilipinas (BSP) has formed a unit solely for the development of the microfinance sector. "In view of the commitment of the BSP to encourage micro-lending, the Monetary Board...

Banking

BSP supports microfinancing

November 27, 2001 - 12:00am

Responding to the challenge of poverty alleviation, the Bangko Sentral ng Pilipinas (BSP) has established a special unit for microfinance. "We envision this unit as a vehicle for mobilizing and administering...

Banking