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                    [ArticleID] => 186523
                    [Title] => Benpres proposes interim payments for obligations
                    [Summary] => Benpres Holdings Corp. intends to make semi-annual payments of about $6.9 million for its various peso and dollar-denominated obligations even as it remains in discussions with its creditors for the approval of its balance sheet management  plan (BSMP).


"Although Benpres has not reached an agreement with its creditors on the BSMP, it is commencing interim payments as earlier announced. These interim payments are being made as a good faith gesture by Benpres," corporate secretary Enrique Quiason told the Philippine Stock Exchange.


                    [DatePublished] => 2002-12-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 183100
                    [Title] => BayanTel in tie-up talks with groups
                    [Summary] => The Lopez-owned Bayan Telecommunications Inc. (BayanTel) is currently in talks with some foreign groups in Asia involved in telecommunications over the possibility of a partnership in the mobile telephone service business in the Philippines.


BayanTel also expects to enter into a restructuring agreement with its creditors (banks and bondholders) involving half a billion dollars in debts by early next year. Officials said a substantial agreement may be reached by the end of this year.


                    [DatePublished] => 2002-11-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [2] => Array
                (
                    [ArticleID] => 182964
                    [Title] => Foreign investor wants out of BayanTel
                    [Summary] => Another foreign investor group wants out of Bayan Telecommunications Holdings Corp. (BayanTel), putting its parent firm Benpres Holdings Corp. in another liquidity squeeze.


Benpres corporate secretary  Enrique Quiason told the Philippine  Stock Exchange that JP Morgan Partners (BHCA), L.P. and Chase Manhattan International Finance Ltd. had informed the company that they are also exercising the option to require Benpres to acquire class A shares in BayanTel.


                    [DatePublished] => 2002-11-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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CHASE MANHATTAN INTERNATIONAL FINANCE LTD

Array
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    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 186523
                    [Title] => Benpres proposes interim payments for obligations
                    [Summary] => Benpres Holdings Corp. intends to make semi-annual payments of about $6.9 million for its various peso and dollar-denominated obligations even as it remains in discussions with its creditors for the approval of its balance sheet management  plan (BSMP).


"Although Benpres has not reached an agreement with its creditors on the BSMP, it is commencing interim payments as earlier announced. These interim payments are being made as a good faith gesture by Benpres," corporate secretary Enrique Quiason told the Philippine Stock Exchange.


                    [DatePublished] => 2002-12-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 183100
                    [Title] => BayanTel in tie-up talks with groups
                    [Summary] => The Lopez-owned Bayan Telecommunications Inc. (BayanTel) is currently in talks with some foreign groups in Asia involved in telecommunications over the possibility of a partnership in the mobile telephone service business in the Philippines.


BayanTel also expects to enter into a restructuring agreement with its creditors (banks and bondholders) involving half a billion dollars in debts by early next year. Officials said a substantial agreement may be reached by the end of this year.


                    [DatePublished] => 2002-11-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 182964
                    [Title] => Foreign investor wants out of BayanTel
                    [Summary] => Another foreign investor group wants out of Bayan Telecommunications Holdings Corp. (BayanTel), putting its parent firm Benpres Holdings Corp. in another liquidity squeeze.


Benpres corporate secretary  Enrique Quiason told the Philippine  Stock Exchange that JP Morgan Partners (BHCA), L.P. and Chase Manhattan International Finance Ltd. had informed the company that they are also exercising the option to require Benpres to acquire class A shares in BayanTel.


                    [DatePublished] => 2002-11-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Benpres proposes interim payments for obligations

By Christina Mendez | December 4, 2002 - 12:00am

Benpres Holdings Corp. intends to make semi-annual payments of about $6.9 million for its various peso and dollar-denominated obligations even as it remains in discussions with its creditors for the approval of its...

Business

BayanTel in tie-up talks with groups

November 8, 2002 - 12:00am

The Lopez-owned Bayan Telecommunications Inc. (BayanTel) is currently in talks with some foreign groups in Asia involved in telecommunications over the possibility of a partnership in the mobile telephone service...

Business

Foreign investor wants out of BayanTel

By Christina Mendez | November 7, 2002 - 12:00am

Another foreign investor group wants out of Bayan Telecommunications Holdings Corp. (BayanTel), putting its parent firm Benpres Holdings Corp. in another liquidity squeeze. Benpres corporate secretary Enrique Quiason...

Business