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                    [ArticleID] => 272655
                    [Title] => Rizal prosecutors summon retail firm execs
                    [Summary] => Top officials of a subsidiary of California-based retail firm PriceSmart Inc. were summoned by the Rizal provincial prosecutor’s office to shed light on the P38.59 million estafa case filed by their local counterpart.


Assistant Prosecutor Rodolfo Santos gave PSMT Philippines president Benjamin Woods, comptroller Zeus Aboy, vice president Robert Gans, treasurer John Heffner and director James Cahill until April 22 to submit their counter-affidavits.


                    [DatePublished] => 2005-04-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Metro
                    [SectionUrl] => metro
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                    [ArticleID] => 272703
                    [Title] => PriceSmart execs pinasasagot sa P38.59M kasong estafa
                    [Summary] => Inutusan ng Rizal Provincial Prosecutor ang limang opisyales na inilagay ng PriceSmart sa subsidiary nito, ang PSMT Philippines, na sagutin ang mga kasong estafa na kinapapalooban ng P38.59 milyon na isinampa laban sa kanila ng minority shareholders ng PSMT.


Ang halaga ay binubuo ng P30.15 milyong ilegal na stewardship fees na ibinayad sa  PriceSmart noong 2003 at P8.44 milyon na hindi  awtorisadong pagpapalabas ng pondo ng PSMT noong nakaraang taon.


                    [DatePublished] => 2005-04-04 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Bansa
                    [SectionUrl] => bansa
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 271830
                    [Title] => Pinoy investors nabuhayan ng loob sa desisyon ng korte sa Guatemala
                    [Summary] => Sinipa ng mga hukuman sa Guatemala ang management na inilagay ng PriceSmart sa subsidiary nito sa nasabing bansa dahil sa reklamo ng isang local minority shareholder sa PriceSmart Guatemala SA.


Nagsampa ng mga demandang sibil at criminal ang kasosyo (34 porsyento) ng PriceSmart sa Guatemala dahil umano sa mga ilegal na paniningil ng kumpanyang Amerikano ng kung anu-anong bayarin na wala sa kontrata.


                    [DatePublished] => 2005-03-28 00:00:00
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                    [ArticleID] => 271299
                    [Title] => IFC exit from PriceSmart seen to affect firm's credit rating
                    [Summary] => The International Finance Corp.’s (IFC) exit from PSMT Philippines Inc. may affect PriceSmart’s  credit rating, according to William S. Go, minority shareholder of PSMT.


IFC had originally lent PSMT $12.5 million, maturing in June 2012 and payable semi-annually at a fixed rate of 7.44 percent.


IFC, the private sector investment arm of the World Bank, participates in private business ventures to bolster the credibility of the project and enable it to gain easy access to financing and capital.


                    [DatePublished] => 2005-03-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 271241
                    [Title] => PriceSmart sumaklolo sa paluging PSMT
                    [Summary] => Napilitang saklolohan ng PriceSmart na nakabase sa Estados Unidos ang subsidiary nito sa Pilipinas, ang PSMT Philippines, sa pamamagitan ng pag-ako sa P572-milyong utang nito sa International Finance Corp. (IFC) dahil sa patuloy na paghina ng kakayahang pinansiyal ng PSMT.


Ang ginawang ito ng PriceSmart ay lalong nagpatibay sa hangarin ng mga minority stockholders ng PSMT na putulin ang kaugnayan sa kumpanyang Amerikano.


                    [DatePublished] => 2005-03-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Bansa
                    [SectionUrl] => bansa
                    [URL] => 
                )

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                (
                    [ArticleID] => 270865
                    [Title] => American trader ipapakalaboso ng kasosyong Pinoy
                    [Summary] => Desidido ang mga Pilipinong kasosyo sa PSMT Philippines, ang local subsidiary ng higanteng PriceSmart ng Estados Unidos, na ipakulong ang Amerikanong presidente ng PSMT na si Benjamin Woods, at iba pang opisyal ng kumpanya dahil sa estafa at iba pang kasong kriminal.


"Dapat silang makulong upang magsilbing leksyon sa iba pang dayuhan na dumarating doon na kunwa ay maglulunsad ng lehitimong negosyo ngunit kapag nakapasok ay aabusuhin ang kanilang mga kasosyong Pilipino at ang kagandahang-loob ng pamahalaan," ayon kay William Go, isa sa mga minority stockholders ng PSMT.

                    [DatePublished] => 2005-03-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionUrl] => bansa
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 183480
                    [Title] => PriceSmart sees $200-M from RP operations in two years
                    [Summary] => PriceSmart expects to earn more than $200 million (P10.6 billion) from its Philippine operations in two years, a top official of the company said the other day.


PriceSmart opened its first warehouse in the Philippines in May 2001 despite a sluggish global economy and initial fears about the country’s peace and order situation.


                    [DatePublished] => 2002-11-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 134193
                    [Title] => US retailing giant bullish on RP
                    [Summary] => S&R Price Membership Shopping reinforces its commitment to the Philippines with the opening of its second store and believes that the country’s retail industry is a rapid-growth market which represents a lot of potential and opportunities for foreign investors.


S&R Price Membership Shopping is the first foreign retailer to operate in the Philippines under a recently enacted trade liberalization law. The company was named after Sol and Robert Price, the pioneers who developed the membership shopping concept and founded Price Club in 1976 in the United States.


                    [DatePublished] => 2001-09-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

BENJAMIN WOODS

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                    [ArticleID] => 272655
                    [Title] => Rizal prosecutors summon retail firm execs
                    [Summary] => Top officials of a subsidiary of California-based retail firm PriceSmart Inc. were summoned by the Rizal provincial prosecutor’s office to shed light on the P38.59 million estafa case filed by their local counterpart.


Assistant Prosecutor Rodolfo Santos gave PSMT Philippines president Benjamin Woods, comptroller Zeus Aboy, vice president Robert Gans, treasurer John Heffner and director James Cahill until April 22 to submit their counter-affidavits.


                    [DatePublished] => 2005-04-04 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 272703
                    [Title] => PriceSmart execs pinasasagot sa P38.59M kasong estafa
                    [Summary] => Inutusan ng Rizal Provincial Prosecutor ang limang opisyales na inilagay ng PriceSmart sa subsidiary nito, ang PSMT Philippines, na sagutin ang mga kasong estafa na kinapapalooban ng P38.59 milyon na isinampa laban sa kanila ng minority shareholders ng PSMT.


Ang halaga ay binubuo ng P30.15 milyong ilegal na stewardship fees na ibinayad sa  PriceSmart noong 2003 at P8.44 milyon na hindi  awtorisadong pagpapalabas ng pondo ng PSMT noong nakaraang taon.


                    [DatePublished] => 2005-04-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [SectionName] => Bansa
                    [SectionUrl] => bansa
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 271830
                    [Title] => Pinoy investors nabuhayan ng loob sa desisyon ng korte sa Guatemala
                    [Summary] => Sinipa ng mga hukuman sa Guatemala ang management na inilagay ng PriceSmart sa subsidiary nito sa nasabing bansa dahil sa reklamo ng isang local minority shareholder sa PriceSmart Guatemala SA.


Nagsampa ng mga demandang sibil at criminal ang kasosyo (34 porsyento) ng PriceSmart sa Guatemala dahil umano sa mga ilegal na paniningil ng kumpanyang Amerikano ng kung anu-anong bayarin na wala sa kontrata.


                    [DatePublished] => 2005-03-28 00:00:00
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                    [ArticleID] => 271299
                    [Title] => IFC exit from PriceSmart seen to affect firm's credit rating
                    [Summary] => The International Finance Corp.’s (IFC) exit from PSMT Philippines Inc. may affect PriceSmart’s  credit rating, according to William S. Go, minority shareholder of PSMT.


IFC had originally lent PSMT $12.5 million, maturing in June 2012 and payable semi-annually at a fixed rate of 7.44 percent.


IFC, the private sector investment arm of the World Bank, participates in private business ventures to bolster the credibility of the project and enable it to gain easy access to financing and capital.


                    [DatePublished] => 2005-03-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 271241
                    [Title] => PriceSmart sumaklolo sa paluging PSMT
                    [Summary] => Napilitang saklolohan ng PriceSmart na nakabase sa Estados Unidos ang subsidiary nito sa Pilipinas, ang PSMT Philippines, sa pamamagitan ng pag-ako sa P572-milyong utang nito sa International Finance Corp. (IFC) dahil sa patuloy na paghina ng kakayahang pinansiyal ng PSMT.


Ang ginawang ito ng PriceSmart ay lalong nagpatibay sa hangarin ng mga minority stockholders ng PSMT na putulin ang kaugnayan sa kumpanyang Amerikano.


                    [DatePublished] => 2005-03-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Bansa
                    [SectionUrl] => bansa
                    [URL] => 
                )

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                    [ArticleID] => 270865
                    [Title] => American trader ipapakalaboso ng kasosyong Pinoy
                    [Summary] => Desidido ang mga Pilipinong kasosyo sa PSMT Philippines, ang local subsidiary ng higanteng PriceSmart ng Estados Unidos, na ipakulong ang Amerikanong presidente ng PSMT na si Benjamin Woods, at iba pang opisyal ng kumpanya dahil sa estafa at iba pang kasong kriminal.


"Dapat silang makulong upang magsilbing leksyon sa iba pang dayuhan na dumarating doon na kunwa ay maglulunsad ng lehitimong negosyo ngunit kapag nakapasok ay aabusuhin ang kanilang mga kasosyong Pilipino at ang kagandahang-loob ng pamahalaan," ayon kay William Go, isa sa mga minority stockholders ng PSMT.

                    [DatePublished] => 2005-03-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Bansa
                    [SectionUrl] => bansa
                    [URL] => 
                )

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                (
                    [ArticleID] => 183480
                    [Title] => PriceSmart sees $200-M from RP operations in two years
                    [Summary] => PriceSmart expects to earn more than $200 million (P10.6 billion) from its Philippine operations in two years, a top official of the company said the other day.


PriceSmart opened its first warehouse in the Philippines in May 2001 despite a sluggish global economy and initial fears about the country’s peace and order situation.


                    [DatePublished] => 2002-11-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 134193
                    [Title] => US retailing giant bullish on RP
                    [Summary] => S&R Price Membership Shopping reinforces its commitment to the Philippines with the opening of its second store and believes that the country’s retail industry is a rapid-growth market which represents a lot of potential and opportunities for foreign investors.


S&R Price Membership Shopping is the first foreign retailer to operate in the Philippines under a recently enacted trade liberalization law. The company was named after Sol and Robert Price, the pioneers who developed the membership shopping concept and founded Price Club in 1976 in the United States.


                    [DatePublished] => 2001-09-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
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                    [SectionUrl] => business
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)

abtest