Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 189712
                    [Title] => SPV Law to bring immediate relief to banking sector — BSP
                    [Summary] => At least P200-billion worth of bad loans and foreclosed assets would be immediately restructured and disposed of once the Special Purpose Vehicle Law is signed into law early next year.
                    [DatePublished] => 2002-12-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 176165
                    [Title] => Banks air concern over a watered-down SPAV Law
                    [Summary] => Watering down the Special Purpose Asset Vehicle (SPAV) Law to cover only foreclosed assets would do more harm than good to the banking sector and possibly trigger the foreclosure of non-performing loans (NPLs).


Officials said yesterday that the emerging consensus to water down the SPAV law to the point where it would apply only to the disposition of foreclosed assets would eliminate the objective of encouraging banks to dispose of problematic loans for restructuring.


                    [DatePublished] => 2002-09-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 173626
                    [Title] => DOF downplays Cerberus decision
                    [Summary] => The Department of Finance downplayed the decision of Cerberus Capital Management to invest in Thailand instead of the Philippines, but admitted that the Arroyo administration needs to undertake steps to improve the country's investment climate. 


Finance Secretary Jose Isidro Camacho said yesterday that Cerberus‚ move did not automatically disqualify the Philippines from its investment portfolio although there is a need to set the right investment climate in order to attract not just Cerberus but other investors as well.


                    [DatePublished] => 2002-08-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 173501
                    [Title] => Cerberus bypasses RP, invests $500-M in Thailand
                    [Summary] => Dismayed by the delay in the passage of the SPAV law, the US-based Cerberus Capital Management, L.P. has bypassed the Philippine banking industry and instead invested $500 million buying bad loans in Thailand where the laws on asset management companies are more transparent.


Known as a leader in the international distressed debt, securities and reorganization market, Cerberus has invested over $20 billion in the market and has an available capital in excess of $7 billion that it plans to invest in Asia, specifically Japan, Korea and Thailand. 


                    [DatePublished] => 2002-08-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 154877
                    [Title] => Cerberus vows to invest more than $1B in RP
                    [Summary] => US-based Cerberus Capital Management, L.P. said it would be investing more than the $1 billion it has already committed in the Philippines as it enters a possible partnership with Goldman & Sachs to look for attractive investments once the legal framework has been set for the disposition of problematic assets.


                    [DatePublished] => 2002-03-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 142229
                    [Title] => US firm eyes assets foreclosed by housing agencies
                    [Summary] => A US-based company called Cerberus Plc., which earned its reputation for reviving financially-challenged corporations, is putting in a P10-billion fund to acquire and resell properties foreclosed by government housing institutions, particularly, the National Home Mortgage Finance Corp. (NHMFC), the National Housing Authority and the Pag-IBIG Fund.


At the same time, Cerberus is also going into a $500-million venture that essentially involves establishing a business recovery vehicle for ailing companies.


                    [DatePublished] => 2001-12-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 100322
                    [Title] => Switzerland-based Cerberus ties up with local firm
                    [Summary] => 

Switzerland-based Cerberus has merged with a local company, Chittick Fire
System Inc. to gain leadership in the country's life safety and protection
system industry.

Heinz Manhart, technical support manager for the new firm, Cerberus Chittick
Corp.
                    [DatePublished] => 2000-03-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1199471
                    [AuthorName] => by Marigold Yao-Endriga
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

CERBERUS

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 189712
                    [Title] => SPV Law to bring immediate relief to banking sector — BSP
                    [Summary] => At least P200-billion worth of bad loans and foreclosed assets would be immediately restructured and disposed of once the Special Purpose Vehicle Law is signed into law early next year.
                    [DatePublished] => 2002-12-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 176165
                    [Title] => Banks air concern over a watered-down SPAV Law
                    [Summary] => Watering down the Special Purpose Asset Vehicle (SPAV) Law to cover only foreclosed assets would do more harm than good to the banking sector and possibly trigger the foreclosure of non-performing loans (NPLs).


Officials said yesterday that the emerging consensus to water down the SPAV law to the point where it would apply only to the disposition of foreclosed assets would eliminate the objective of encouraging banks to dispose of problematic loans for restructuring.


                    [DatePublished] => 2002-09-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 173626
                    [Title] => DOF downplays Cerberus decision
                    [Summary] => The Department of Finance downplayed the decision of Cerberus Capital Management to invest in Thailand instead of the Philippines, but admitted that the Arroyo administration needs to undertake steps to improve the country's investment climate. 


Finance Secretary Jose Isidro Camacho said yesterday that Cerberus‚ move did not automatically disqualify the Philippines from its investment portfolio although there is a need to set the right investment climate in order to attract not just Cerberus but other investors as well.


                    [DatePublished] => 2002-08-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 173501
                    [Title] => Cerberus bypasses RP, invests $500-M in Thailand
                    [Summary] => Dismayed by the delay in the passage of the SPAV law, the US-based Cerberus Capital Management, L.P. has bypassed the Philippine banking industry and instead invested $500 million buying bad loans in Thailand where the laws on asset management companies are more transparent.


Known as a leader in the international distressed debt, securities and reorganization market, Cerberus has invested over $20 billion in the market and has an available capital in excess of $7 billion that it plans to invest in Asia, specifically Japan, Korea and Thailand. 


                    [DatePublished] => 2002-08-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 154877
                    [Title] => Cerberus vows to invest more than $1B in RP
                    [Summary] => US-based Cerberus Capital Management, L.P. said it would be investing more than the $1 billion it has already committed in the Philippines as it enters a possible partnership with Goldman & Sachs to look for attractive investments once the legal framework has been set for the disposition of problematic assets.


                    [DatePublished] => 2002-03-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 142229
                    [Title] => US firm eyes assets foreclosed by housing agencies
                    [Summary] => A US-based company called Cerberus Plc., which earned its reputation for reviving financially-challenged corporations, is putting in a P10-billion fund to acquire and resell properties foreclosed by government housing institutions, particularly, the National Home Mortgage Finance Corp. (NHMFC), the National Housing Authority and the Pag-IBIG Fund.


At the same time, Cerberus is also going into a $500-million venture that essentially involves establishing a business recovery vehicle for ailing companies.


                    [DatePublished] => 2001-12-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 100322
                    [Title] => Switzerland-based Cerberus ties up with local firm
                    [Summary] => 

Switzerland-based Cerberus has merged with a local company, Chittick Fire
System Inc. to gain leadership in the country's life safety and protection
system industry.

Heinz Manhart, technical support manager for the new firm, Cerberus Chittick
Corp.
                    [DatePublished] => 2000-03-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1199471
                    [AuthorName] => by Marigold Yao-Endriga
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

SPV Law to bring immediate relief to banking sector — BSP

By Des Ferriols | December 30, 2002 - 12:00am

At least P200-billion worth of bad loans and foreclosed assets would be immediately restructured and disposed of once the Special Purpose Vehicle Law is signed into law early next year.

Business

Banks air concern over a watered-down SPAV Law

By Des Ferriols | September 16, 2002 - 12:00am

Watering down the Special Purpose Asset Vehicle (SPAV) Law to cover only foreclosed assets would do more harm than good to the banking sector and possibly trigger the foreclosure of non-performing loans (NPLs). Officials...

Business

DOF downplays Cerberus decision

August 27, 2002 - 12:00am

The Department of Finance downplayed the decision of Cerberus Capital Management to invest in Thailand instead of the Philippines, but admitted that the Arroyo administration needs to undertake steps to improve the...

Business

Cerberus bypasses RP, invests $500-M in Thailand

August 26, 2002 - 12:00am

Dismayed by the delay in the passage of the SPAV law, the US-based Cerberus Capital Management, L.P. has bypassed the Philippine banking industry and instead invested $500 million buying bad loans in Thailand where...

Business

Cerberus vows to invest more than $1B in RP

By Des Ferriols | March 23, 2002 - 12:00am

US-based Cerberus Capital Management, L.P. said it would be investing more than the $1 billion it has already committed in the Philippines as it enters a possible partnership with Goldman & Sachs to look for...

Business

US firm eyes assets foreclosed by housing agencies

December 3, 2001 - 12:00am

A US-based company called Cerberus Plc., which earned its reputation for reviving financially-challenged corporations, is putting in a P10-billion fund to acquire and resell properties foreclosed by government housing...

Business

Switzerland-based Cerberus ties up with local firm

By by Marigold Yao-Endriga | March 27, 2000 - 12:00am

Switzerland-based Cerberus has merged with a local company, Chittick Fire System Inc. to gain leadership in the country's life safety and protection system industry. Heinz Manhart, technical support manager...

Business