^
+ Follow ASIA BREWERY AND FORTUNE TOBACCO Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 342883
                    [Title] => Lucio Tan pays Abenojar a surprise visit
                    [Summary] => Tycoon Lucio Tan paid adventure sportsman Dale Abenojar a surprise visit yesterday morning at the Cardinal Santos Memorial Medical Center (CSMMC) in San Juan and gave him some welcome news: he would also pay for the hospital bills of Abenojar’s young Nepali Sherpa guide who lost all 10 toes to frostbite and gangrene on a quest to scale Mt. Everest.


Abenojar, 43, claims to have been the first Filipino to reach the summit of Mt. Everest, the world’s highest mountain, last month.
[DatePublished] => 2006-06-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1664250 [AuthorName] => Rainier Allan Ronda [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [1] => Array ( [ArticleID] => 342354 [Title] => Dale and Sherpa undergo toe amputation [Summary] => Doctors yesterday amputated the toes of adventure sportsman Dale Abenojar and 21-year-old Nepali Sherpa Pasang Dorchi Sherpa, who helped him reach the summit of Mount Everest last May 15.

Their gangrene-infected toes were amputated at the Cardinal Santos Memorial Medical Center in San Juan to prevent infection which could have threatened their lives.

Abenojar lost his left big toe while nine of Pasang’s toes were amputated.

Vascular surgeon Dr. Ricky Quintos first examined their toes to determine how deep orthopedic surgeon Dr. Edgar Eufemio should cut. [DatePublished] => 2006-06-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1664250 [AuthorName] => Rainier Allan Ronda [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [2] => Array ( [ArticleID] => 255084 [Title] => Lucio Tan bullish on RP prospects under new GMA administration [Summary] => Even as the cash-strapped government contemplates a host of new taxes that could affect his business interests, beer and tobacco magnate Lucio Tan still expressed optimism yesterday about the country’s prospects under the new Arroyo administration.

After predicting some time ago that the peso could depreciate considerably against the dollar, Tan said yesterday that things were looking good enough for the peso to bounce back to 50 to $1.
[DatePublished] => 2004-06-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 195202 [Title] => Lucio Tan puts Philippine Airlines on the block [Summary] => Eight years after taking over Philippine Airlines (PAL), business tycoon Lucio Tan is now looking for buyers willing to take over the flag carrier and complete its rehabilitation.

Airline sources said yesterday Tan is willing to sell his controlling share in PAL so it would get another round of much-needed capital infusion.

According to the source, Tan was "not exactly eager" to get out of PAL, but the beer and tobacco magnate was keeping an eye on possible opportunities that would allow him to sell the airline company on good terms.
[DatePublished] => 2003-02-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [4] => Array ( [ArticleID] => 170379 [Title] => PAL questions valuation of shares [Summary] => Philippine Airlines is questioning the price which the government financial institutions (GFIs) are asking PAL to pay for the shares which they have been trying to sell back to the airline company.

Calling the valuation "onerous," PAL said it is willing to settle the claim of the GFIs if the valuation is reviewed and possibly scaled down.

The GFIs have sent two demand letters asking for the settlement of the put option where PAL agreed to buy back government’s share for P5 each.
[DatePublished] => 2002-08-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 159827 [Title] => Government decides to exercise put option on PAL [Summary] => The Philippine National Bank (PNB) has decided to exercise its put option on Philippine Airlines (PAL).

PNB announced the decision of its board of directors shortly after the government disclosed that it was exercising its own put option in PAL, a move that would force Tan to cough up P2 billion to honor the deal.

If PAL is unable to produce enough cash, the obligation will be assumed by PAL’s two main guarantors: Asia Brewery and Fortune Tobacco, the flagship companies of the Tan Group.
[DatePublished] => 2002-05-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 157299 [Title] => Lucio Tan opposes government plan to exercise put option in PAL [Summary] => Lucio Tan is opposing government’s plan to exercise its put option in Philippine Airlines (PAL) that would require the tobacco and beer magnate to cough up about P2 billion to buy the shares held by government financial institutions. [DatePublished] => 2002-04-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
ASIA BREWERY AND FORTUNE TOBACCO
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 342883
                    [Title] => Lucio Tan pays Abenojar a surprise visit
                    [Summary] => Tycoon Lucio Tan paid adventure sportsman Dale Abenojar a surprise visit yesterday morning at the Cardinal Santos Memorial Medical Center (CSMMC) in San Juan and gave him some welcome news: he would also pay for the hospital bills of Abenojar’s young Nepali Sherpa guide who lost all 10 toes to frostbite and gangrene on a quest to scale Mt. Everest.


Abenojar, 43, claims to have been the first Filipino to reach the summit of Mt. Everest, the world’s highest mountain, last month.
[DatePublished] => 2006-06-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1664250 [AuthorName] => Rainier Allan Ronda [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [1] => Array ( [ArticleID] => 342354 [Title] => Dale and Sherpa undergo toe amputation [Summary] => Doctors yesterday amputated the toes of adventure sportsman Dale Abenojar and 21-year-old Nepali Sherpa Pasang Dorchi Sherpa, who helped him reach the summit of Mount Everest last May 15.

Their gangrene-infected toes were amputated at the Cardinal Santos Memorial Medical Center in San Juan to prevent infection which could have threatened their lives.

Abenojar lost his left big toe while nine of Pasang’s toes were amputated.

Vascular surgeon Dr. Ricky Quintos first examined their toes to determine how deep orthopedic surgeon Dr. Edgar Eufemio should cut. [DatePublished] => 2006-06-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1664250 [AuthorName] => Rainier Allan Ronda [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [2] => Array ( [ArticleID] => 255084 [Title] => Lucio Tan bullish on RP prospects under new GMA administration [Summary] => Even as the cash-strapped government contemplates a host of new taxes that could affect his business interests, beer and tobacco magnate Lucio Tan still expressed optimism yesterday about the country’s prospects under the new Arroyo administration.

After predicting some time ago that the peso could depreciate considerably against the dollar, Tan said yesterday that things were looking good enough for the peso to bounce back to 50 to $1.
[DatePublished] => 2004-06-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 195202 [Title] => Lucio Tan puts Philippine Airlines on the block [Summary] => Eight years after taking over Philippine Airlines (PAL), business tycoon Lucio Tan is now looking for buyers willing to take over the flag carrier and complete its rehabilitation.

Airline sources said yesterday Tan is willing to sell his controlling share in PAL so it would get another round of much-needed capital infusion.

According to the source, Tan was "not exactly eager" to get out of PAL, but the beer and tobacco magnate was keeping an eye on possible opportunities that would allow him to sell the airline company on good terms.
[DatePublished] => 2003-02-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [4] => Array ( [ArticleID] => 170379 [Title] => PAL questions valuation of shares [Summary] => Philippine Airlines is questioning the price which the government financial institutions (GFIs) are asking PAL to pay for the shares which they have been trying to sell back to the airline company.

Calling the valuation "onerous," PAL said it is willing to settle the claim of the GFIs if the valuation is reviewed and possibly scaled down.

The GFIs have sent two demand letters asking for the settlement of the put option where PAL agreed to buy back government’s share for P5 each.
[DatePublished] => 2002-08-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 159827 [Title] => Government decides to exercise put option on PAL [Summary] => The Philippine National Bank (PNB) has decided to exercise its put option on Philippine Airlines (PAL).

PNB announced the decision of its board of directors shortly after the government disclosed that it was exercising its own put option in PAL, a move that would force Tan to cough up P2 billion to honor the deal.

If PAL is unable to produce enough cash, the obligation will be assumed by PAL’s two main guarantors: Asia Brewery and Fortune Tobacco, the flagship companies of the Tan Group.
[DatePublished] => 2002-05-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 157299 [Title] => Lucio Tan opposes government plan to exercise put option in PAL [Summary] => Lucio Tan is opposing government’s plan to exercise its put option in Philippine Airlines (PAL) that would require the tobacco and beer magnate to cough up about P2 billion to buy the shares held by government financial institutions. [DatePublished] => 2002-04-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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