Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 291965
                    [Title] => Benpres turns around, posts P297-M profit in Jan-June
                    [Summary] => Boosted by gains from the sale of its investment in a listed telecommunications company, the Lopez-owned Benpres Holdings Corp. posted a net income of P297 million in the first half of this year, a reversal from the P191-million loss incurred in the same period last year.


                    [DatePublished] => 2005-08-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 274233
                    [Title] => Benpres incurs lower loss in 2004
                    [Summary] => Benpres Holdings Corp., the investment holding firm of the Lopez family, incurred a net loss of P1.36 billion last year, a 28 percent drop from the previous year’s P1.905 billion net loss.


Benpres, however, reported a 22 percent drop in consolidated revenues to P3.905 billion from P5.006 billion due to a 46 percent decline in foreign currency differential adjustment with the reclassification of charges in water utility Maynilad Water Services Inc.


                    [DatePublished] => 2005-04-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 217262
                    [Title] => BayanTel gets debt relief; receiver named
                    [Summary] => The Pasig Regional Trial Court (RTC) has ordered a freeze on the payment of the outstanding debts of Bayan Telecommunications Inc. (BayanTel) while a viable and acceptable rehabilitation plan is being hammered out.


This as the Bank of New York, acting upon the instructions of some secured bondholders of BayanTel, filed a petition for rehabilitation with the RTC.  


                    [DatePublished] => 2003-08-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 198860
                    [Title] => Benpres upbeat in debt restructuring deal before yearend
                    [Summary] => Benpres Holdings Corp., the umbrella unit of the Lopez Group of Companies expressed confidence yesterday it would be able to forge a debt restructuring plan with its creditors by the end of this year, top company officials said.


This as the company’s stockholders, in a special meeting yesterday, gave their board the "blanket authority" to negotiate with the creditors and expedite discussions for the eventual implementation of the debt program.


                    [DatePublished] => 2003-03-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 194574
                    [Title] => Benpres calls special meet on debt restructuring program
                    [Summary] => Benpres Holdings  Corp., the debt-saddled holding  company of the Lopez Group of Companies, has called for a special stockholders meeting on March 13, to seek stockholders’ consent for its debt restructuring program.


The company informed the Philippine  Stock Exchange (PSE) yesterday that management would recommend to the stockholders "the delegation to the Board of directors the authority to take all actions and matters necessary and desirable for the restructuring of the corporation’s obligations  under its Balance Sheet Management Plan."


                    [DatePublished] => 2003-02-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 178361
                    [Title] => Benpres defaults anew on interest payment on LTCPs
                    [Summary] => Benpres Holdings Corp. (BHC) said yesterday it failed anew to pay on schedule the interest payment for its long-term commercial papers (LTCPs).


The Lopez-owned holding company, the parent firm of ABS-CBN Broadcasting Corp., First Philippine Holdings, Meralco and BayanTel, among others, said it defaulted on the interest payment for its LTCPs yesterday, the fourth time it did so this year.


Since it announced a Balance Sheet Management Plan to address its heavy debt exposure, BHC has failed to make interest payments for the LTCPs last June 17, July 1 and Sept. 17.


                    [DatePublished] => 2002-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 176580
                    [Title] => Benpres defaults anew on interest payment
                    [Summary] => The Lopez-owned Benpres Holdings Corp. again defaulted on the interest payment for its long term debts, the fourth time the company has failed to do so this year. 


In a letter to the Philippine Stock Exchange, BHC corporate information officer Alexis Paul Dimarucot said the holding firm was not able to make its interest payment last Sept. 17 on the remaining long-term commercial papers (LTCPs) maturing in 2003.


                    [DatePublished] => 2002-09-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 170628
                    [Title] => First Holdings gets $50-M funding to redeem notes
                    [Summary] => First Philippine Holdings Corp. (FPHC), the energy arm of Benpres Holdings Corp., has closed a $50-million funding package to redeem its maturing convertible notes this month.


Ernesto Rufino, FPHC corporate information officer, told the Philippine Stock Exchange that the company has successfully completed the financial closing of its fund-raising activity with Credit Suisse First Boston International as arranger.


                    [DatePublished] => 2002-08-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 167396
                    [Title] => BSP looks into banks’ exposure in Benpres
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) is looking into the total exposure of the banking sector in the Lopez-owned Benpres Holdings Inc. to determine how large a hit banks would take should the troubled company’s financial condition deteriorate further.


Sources revealed that the central bank was concerned enough to want to find out the magnitude of the crisis that could land on its lap, especially after Benpres defaulted for the second time on the interest payment on its long term commercial papers (LTCPs). 


                    [DatePublished] => 2002-07-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 166850
                    [Title] => Benpres Holdings defaults anew
                    [Summary] => Debt-saddled Benpres Holdings Corp.  (BHC) said yesterday it would not be able to pay interest charges amounting to P19.61 million on its long term commercial papers (LTCPs) which fell due yesterday.


The company had earlier defaulted on its LTCP interest payments last June 17 and on its 7.875-percent Euronotes due last June 19.


In a disclosure to the Philippine Stock Exchange, the Lopez-owned holding firm said that "In lieu of such interest payments Benpres Holdings …From B-1


                    [DatePublished] => 2002-07-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

BALANCE SHEET MANAGEMENT PLAN

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 291965
                    [Title] => Benpres turns around, posts P297-M profit in Jan-June
                    [Summary] => Boosted by gains from the sale of its investment in a listed telecommunications company, the Lopez-owned Benpres Holdings Corp. posted a net income of P297 million in the first half of this year, a reversal from the P191-million loss incurred in the same period last year.


                    [DatePublished] => 2005-08-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 274233
                    [Title] => Benpres incurs lower loss in 2004
                    [Summary] => Benpres Holdings Corp., the investment holding firm of the Lopez family, incurred a net loss of P1.36 billion last year, a 28 percent drop from the previous year’s P1.905 billion net loss.


Benpres, however, reported a 22 percent drop in consolidated revenues to P3.905 billion from P5.006 billion due to a 46 percent decline in foreign currency differential adjustment with the reclassification of charges in water utility Maynilad Water Services Inc.


                    [DatePublished] => 2005-04-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 217262
                    [Title] => BayanTel gets debt relief; receiver named
                    [Summary] => The Pasig Regional Trial Court (RTC) has ordered a freeze on the payment of the outstanding debts of Bayan Telecommunications Inc. (BayanTel) while a viable and acceptable rehabilitation plan is being hammered out.


This as the Bank of New York, acting upon the instructions of some secured bondholders of BayanTel, filed a petition for rehabilitation with the RTC.  


                    [DatePublished] => 2003-08-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 198860
                    [Title] => Benpres upbeat in debt restructuring deal before yearend
                    [Summary] => Benpres Holdings Corp., the umbrella unit of the Lopez Group of Companies expressed confidence yesterday it would be able to forge a debt restructuring plan with its creditors by the end of this year, top company officials said.


This as the company’s stockholders, in a special meeting yesterday, gave their board the "blanket authority" to negotiate with the creditors and expedite discussions for the eventual implementation of the debt program.


                    [DatePublished] => 2003-03-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 194574
                    [Title] => Benpres calls special meet on debt restructuring program
                    [Summary] => Benpres Holdings  Corp., the debt-saddled holding  company of the Lopez Group of Companies, has called for a special stockholders meeting on March 13, to seek stockholders’ consent for its debt restructuring program.


The company informed the Philippine  Stock Exchange (PSE) yesterday that management would recommend to the stockholders "the delegation to the Board of directors the authority to take all actions and matters necessary and desirable for the restructuring of the corporation’s obligations  under its Balance Sheet Management Plan."


                    [DatePublished] => 2003-02-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 178361
                    [Title] => Benpres defaults anew on interest payment on LTCPs
                    [Summary] => Benpres Holdings Corp. (BHC) said yesterday it failed anew to pay on schedule the interest payment for its long-term commercial papers (LTCPs).


The Lopez-owned holding company, the parent firm of ABS-CBN Broadcasting Corp., First Philippine Holdings, Meralco and BayanTel, among others, said it defaulted on the interest payment for its LTCPs yesterday, the fourth time it did so this year.


Since it announced a Balance Sheet Management Plan to address its heavy debt exposure, BHC has failed to make interest payments for the LTCPs last June 17, July 1 and Sept. 17.


                    [DatePublished] => 2002-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 176580
                    [Title] => Benpres defaults anew on interest payment
                    [Summary] => The Lopez-owned Benpres Holdings Corp. again defaulted on the interest payment for its long term debts, the fourth time the company has failed to do so this year. 


In a letter to the Philippine Stock Exchange, BHC corporate information officer Alexis Paul Dimarucot said the holding firm was not able to make its interest payment last Sept. 17 on the remaining long-term commercial papers (LTCPs) maturing in 2003.


                    [DatePublished] => 2002-09-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 170628
                    [Title] => First Holdings gets $50-M funding to redeem notes
                    [Summary] => First Philippine Holdings Corp. (FPHC), the energy arm of Benpres Holdings Corp., has closed a $50-million funding package to redeem its maturing convertible notes this month.


Ernesto Rufino, FPHC corporate information officer, told the Philippine Stock Exchange that the company has successfully completed the financial closing of its fund-raising activity with Credit Suisse First Boston International as arranger.


                    [DatePublished] => 2002-08-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 167396
                    [Title] => BSP looks into banks’ exposure in Benpres
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) is looking into the total exposure of the banking sector in the Lopez-owned Benpres Holdings Inc. to determine how large a hit banks would take should the troubled company’s financial condition deteriorate further.


Sources revealed that the central bank was concerned enough to want to find out the magnitude of the crisis that could land on its lap, especially after Benpres defaulted for the second time on the interest payment on its long term commercial papers (LTCPs). 


                    [DatePublished] => 2002-07-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 166850
                    [Title] => Benpres Holdings defaults anew
                    [Summary] => Debt-saddled Benpres Holdings Corp.  (BHC) said yesterday it would not be able to pay interest charges amounting to P19.61 million on its long term commercial papers (LTCPs) which fell due yesterday.


The company had earlier defaulted on its LTCP interest payments last June 17 and on its 7.875-percent Euronotes due last June 19.


In a disclosure to the Philippine Stock Exchange, the Lopez-owned holding firm said that "In lieu of such interest payments Benpres Holdings …From B-1


                    [DatePublished] => 2002-07-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Benpres turns around, posts P297-M profit in Jan-June

By Zinnia B. Dela Peña | August 17, 2005 - 12:00am

Boosted by gains from the sale of its investment in a listed telecommunications company, the Lopez-owned Benpres Holdings Corp. posted a net income of P297 million in the first half of this year, a reversal from...

Business

Benpres incurs lower loss in 2004

By Zinnia B. Dela Peña | April 17, 2005 - 12:00am

Benpres Holdings Corp., the investment holding firm of the Lopez family, incurred a net loss of P1.36 billion last year, a 28 percent drop from the previous year’s P1.905 billion net loss. Benpres, however,...

Business

BayanTel gets debt relief; receiver named

By Zinnia B. Dela Peña | August 15, 2003 - 12:00am

The Pasig Regional Trial Court (RTC) has ordered a freeze on the payment of the outstanding debts of Bayan Telecommunications Inc. (BayanTel) while a viable and acceptable rehabilitation plan is being hammered out. This...

Business

Benpres upbeat in debt restructuring deal before yearend

By Christina Mendez | March 14, 2003 - 12:00am

Benpres Holdings Corp., the umbrella unit of the Lopez Group of Companies expressed confidence yesterday it would be able to forge a debt restructuring plan with its creditors by the end of this year, top company...

Business

Benpres calls special meet on debt restructuring program

By Christina Mendez | February 8, 2003 - 12:00am

Benpres Holdings Corp., the debt-saddled holding company of the Lopez Group of Companies, has called for a special stockholders meeting on March 13, to seek stockholders’ consent for its debt restructuring...

Business

Benpres defaults anew on interest payment on LTCPs

October 3, 2002 - 12:00am

Benpres Holdings Corp. (BHC) said yesterday it failed anew to pay on schedule the interest payment for its long-term commercial papers (LTCPs). The Lopez-owned holding company, the parent firm of ABS-CBN Broadcasting...

Business

Benpres defaults anew on interest payment

By Christina Mendez | September 19, 2002 - 12:00am

The Lopez-owned Benpres Holdings Corp. again defaulted on the interest payment for its long term debts, the fourth time the company has failed to do so this year. In a letter to the Philippine Stock Exchange, BHC...

Business

First Holdings gets $50-M funding to redeem notes

By Christina Mendez | August 3, 2002 - 12:00am

First Philippine Holdings Corp. (FPHC), the energy arm of Benpres Holdings Corp., has closed a $50-million funding package to redeem its maturing convertible notes this month. Ernesto Rufino, FPHC corporate information...

Business

BSP looks into banks’ exposure in Benpres

By Des Ferriols | July 7, 2002 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) is looking into the total exposure of the banking sector in the Lopez-owned Benpres Holdings Inc. to determine how large a hit banks would take should the troubled company’s...

Business

Benpres Holdings defaults anew

By Christina Mendez | July 3, 2002 - 12:00am

Debt-saddled Benpres Holdings Corp. (BHC) said yesterday it would not be able to pay interest charges amounting to P19.61 million on its long term commercial papers (LTCPs) which fell due yesterday. The company...

Business