BASIC HOLDINGS INC

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                    [ArticleID] => 284303
                    [Title] => Lorenzos, Singapore  firm eye buyout of Cirio Finanziara in Del Monte
                    [Summary] => The Lorenzo family is in talks with a Singapore-based financial partner to help buy out food firm Del Monte Pacific Ltd. (DMPL). 


DMPL managing director Martin Lorenzo said his group expects to reach an agreement to acquire Cirio Finanziara SpA’s 40-percent stake in DMPL within 60 days.  At the same time, he said his group will bring in a Singapore-based strategic partner to help raise about $250 million for the acquisition.


                    [DatePublished] => 2005-07-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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            [1] => Array
                (
                    [ArticleID] => 266077
                    [Title] => Compromise on sin taxes sought
                    [Summary] => Administration lawmakers supported yesterday the move for a uniform increase in cigarette excise tax at the current structure, saying it is the best compromise between the proposals of the Department of Finance for indexation and shifting to the old ad valorem tax system.


Eastern Samar Rep. Marcelino Libanan has filed a bill that seeks a P1 increase of tax in all brands of cigarettes. He said this is "the best middle ground" in the ongoing tax debate which will guarantee the government P4.5 billion in revenue collections on the first year.


                    [DatePublished] => 2004-10-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
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            [2] => Array
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                    [ArticleID] => 265319
                    [Title] => Ad valorem tax for cigarettes to generate more revenues for gov’t
                    [Summary] => The government will generate more revenues – an additional P2.6 billion annually – under the ad valorem system for cigarettes and the fiscal measure is in accordance with the Constitution and the laws of the land.


                    [DatePublished] => 2004-09-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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            [3] => Array
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                    [ArticleID] => 217112
                    [Title] => FedEx to bring Hawkins case to court
                    [Summary] => The Bong Hawkins case may end up in a court of law. This developed as the PBA board of governors upheld commissioner Noli Eala’s decision ordering FedEx to honor the remaining two years on Hawkins’ disputed contract worth P9.6 million.
                    [DatePublished] => 2003-08-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096369
                    [AuthorName] =>   Joey Villar
                    [SectionName] => Sports
                    [SectionUrl] => sports
                    [URL] => 
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                    [ArticleID] => 214369
                    [Title] => PBA to spend a fortune for tiff
                    [Summary] => The Philippine Basketball Association is spending no less than P4.5 million for its three guest teams in its three-week mid-season invitational tournament set to start July 27 at the Astrodome.
                    [DatePublished] => 2003-07-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096369
                    [AuthorName] =>   Joey Villar
                    [SectionName] => Sports
                    [SectionUrl] => sports
                    [URL] => 
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            [5] => Array
                (
                    [ArticleID] => 145887
                    [Title] => Airfreight 2100 newest PBA member
                    [Summary] => Airfreight Inc. 2100/FedEx became the newest member of the Philippine Basketball Association as the league board of governors unanimously approved last night its proposed purchase of the Tanduay Rhum franchise.


According to PBA commissioner Jun Bernardino, the board took no more than 30 minutes of deliberation to come up with the decision, allowing Airfreight’s takeover of the Tanduay franchise immediately.


                    [DatePublished] => 2002-01-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096369
                    [AuthorName] =>   Joey Villar
                    [SectionName] => Sports
                    [SectionUrl] => sports
                    [URL] => 
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            [6] => Array
                (
                    [ArticleID] => 145809
                    [Title] => PBA: Kahilingan ng FedEx payagan kaya?
                    [Summary] => Isa sa inaasahang magiging sentro ng talakayan sa nakatakdang board meeting ngayon ng PBA Board of Governors ay ang matinding kahilingan ng bagong miyembro ng koponan na Federal Express.


Nais ng FedEx na payagan sila ng PBA na direktang magbitbit ng manlalaro mula sa PBA na gaya ng kanilang ginawa sa Red Bull team nang ito ay umentra sa PBA dalawang taon na ang nakakaraan.


Mula sa orihinal na limang manlalaro, ginawa na lamang ng Airfreight 2100 na gawing dalawa  ang kanilang huhugutin mula sa MBA.


                    [DatePublished] => 2002-01-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => PSN Palaro
                    [SectionUrl] => palaro
                    [URL] => 
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            [7] => Array
                (
                    [ArticleID] => 145329
                    [Title] => Airfreight PBA entry finalized
                    [Summary] => When the PBA board of governors convenes in a special meeting Thursday, the approval on the sale of the Tanduay ballclub to Airfreight 2001 Inc. is out of the question. The only thing left to be discussed is the  financial requirements to be imposed on the new franchise.
                    [DatePublished] => 2001-12-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096369
                    [AuthorName] =>   Joey Villar
                    [SectionName] => Sports
                    [SectionUrl] => sports
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 144464
                    [Title] => Ginebra signs up Menk for P30-M
                    [Summary] => A star Fil-Am player who has become the epitome of what a big man should be in the league today, Menk signed a P30-million contract for five years with Barangay Ginebra a few days ago before leaving for the United States for the holidays.
                    [DatePublished] => 2001-12-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096369
                    [AuthorName] =>   Joey Villar
                    [SectionName] => Sports
                    [SectionUrl] => sports
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 143680
                    [Title] => Tanduay sells franchise for P75 million
                    [Summary] => After two weeks of negotiations, Basic Holdings Inc. and Air Freight 2100 - sole distributor of Federal Express in the country - reached an agreement for a PBA franchise sale worth P75 million yesterday.


PBA commissioner Jun Bernardino said they had received a term sheet by the two parties and they will include the proposed sale in the agenda for Tuesday’s meeting of the PBA board of governors.


The proposed sale needs board approval to become a done deal.


                    [DatePublished] => 2001-12-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Sports
                    [SectionUrl] => sports
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Lorenzos, Singapore firm eye buyout of Cirio Finanziara in Del Monte

By Zinnia B. Dela Peña | July 1, 2005 - 12:00am

The Lorenzo family is in talks with a Singapore-based financial partner to help buy out food firm Del Monte Pacific Ltd. (DMPL). DMPL managing director Martin Lorenzo said his group expects to reach an agreement...

Business

Compromise on sin taxes sought

October 13, 2004 - 12:00am

Administration lawmakers supported yesterday the move for a uniform increase in cigarette excise tax at the current structure, saying it is the best compromise between the proposals of the Department of Finance for...

Headlines

Ad valorem tax for cigarettes to generate more revenues for gov’t

September 26, 2004 - 12:00am

The government will generate more revenues – an additional P2.6 billion annually – under the ad valorem system for cigarettes and the fiscal measure is in accordance with the Constitution and the laws of...

Business

FedEx to bring Hawkins case to court

By Joey Villar | August 14, 2003 - 12:00am

The Bong Hawkins case may end up in a court of law. This developed as the PBA board of governors upheld commissioner Noli Eala’s decision ordering FedEx to honor the remaining two years on Hawkins’ disputed...

Sports

PBA to spend a fortune for tiff

By Joey Villar | July 21, 2003 - 12:00am

The Philippine Basketball Association is spending no less than P4.5 million for its three guest teams in its three-week mid-season invitational tournament set to start July 27 at the Astrodome.

Sports

Airfreight 2100 newest PBA member

By Joey Villar | January 4, 2002 - 12:00am

Airfreight Inc. 2100/FedEx became the newest member of the Philippine Basketball Association as the league board of governors unanimously approved last night its proposed purchase of the Tanduay Rhum franchise. According...

Sports

PBA: Kahilingan ng FedEx payagan kaya?

January 3, 2002 - 12:00am

Isa sa inaasahang magiging sentro ng talakayan sa nakatakdang board meeting ngayon ng PBA Board of Governors ay ang matinding kahilingan ng bagong miyembro ng koponan na Federal Express. Nais ng FedEx na payagan...

PSN Palaro

Airfreight PBA entry finalized

By Joey Villar | December 30, 2001 - 12:00am

When the PBA board of governors convenes in a special meeting Thursday, the approval on the sale of the Tanduay ballclub to Airfreight 2001 Inc. is out of the question. The only thing left to be discussed is the...

Sports

Ginebra signs up Menk for P30-M

By Joey Villar | December 22, 2001 - 12:00am

A star Fil-Am player who has become the epitome of what a big man should be in the league today, Menk signed a P30-million contract for five years with Barangay Ginebra a few days ago before leaving for the United...

Sports

Tanduay sells franchise for P75 million

December 15, 2001 - 12:00am

After two weeks of negotiations, Basic Holdings Inc. and Air Freight 2100 - sole distributor of Federal Express in the country - reached an agreement for a PBA franchise sale worth P75 million yesterday. PBA commissioner...

Sports