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                    [ArticleID] => 1945
                    [Title] => Pacman in no hurry to name next rival
                    [Summary] => 
            
                    [DatePublished] => 2007-05-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804774
                    [AuthorName] => Abac Cordero
                    [SectionName] => Nation
                    [SectionUrl] => nation
                    [URL] => 
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                    [ArticleID] => 339340
                    [Title] => ADB urges RP to increase spending on education, infra
                    [Summary] => The Asian Development Bank (ADB) said government spending on education and infrastructure should increase,  saying that revenue flow should balance the budget instead of budget cuts.


This developed as the ADB said it is reviewing its approach to the  Philippines to come up with more relevant development products that  would respond better to its shifting requirements.


According to ADB country director Tom Crouch, revenues have to go up  precisely to allow an increase in spending while staying within the program  to balance the budget by 2008.


                    [DatePublished] => 2006-05-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                    [ArticleID] => 222649
                    [Title] => ADB to invest $25M on acquisition of RP banks’ bad assets
                    [Summary] => The Asian Development Bank (ADB) is ready to invest up to $25 million for the formation of an asset management company (AMC)  which would acquire the bad assets of local banks.


ADB country director for the Philippines Tom Crouch said  the multilateral agency  is interested to invest either through equity  partnership or loan releases.


"We are allowed by our regulations to make investments of $25 million or 25 percent of the total project cost in a private sector activity," Crouch said.


                    [DatePublished] => 2003-10-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 211469
                    [Title] => ADB expected to cancel $300-M loans to RP
                    [Summary] => The Asian Development Bank (ADB) expects to cancel  about $300 million in loans to the Philippines over Manila’s failure to  disburse and utilize the funds, officials at the lending agency said  Wednesday.


The ADB also warned that despite its resilience in the face of unfavorable foreign developments, the Philippines needed to address a number of problems.


Thomas Crouch, country director for the Philippines, said the ADB had a  total of $3.2 billion in loans to the country, or about six percent of  the Philippines’ total external debt.


                    [DatePublished] => 2003-06-26 00:00:00
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                    [SectionName] => Headlines
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                    [ArticleID] => 183906
                    [Title] => Taming budget deficit is ‘acid test’ for RP
                    [Summary] => Taming the Philippines’ growing budget deficit is the "acid test" for the government of President Gloria Arroyo, the Asian Development Bank (ADB) said yesterday. 


"In a very real sense, that performance indicator has become an acid test," said Thomas Crouch, the ADB’s country director for the Philippines told reporters. 


Crouch conceded that some ADB loans to the Philippines scheduled for this year had been deferred to next year because Manila could not come up with the required matching funds due to the budget crunch. 


                    [DatePublished] => 2002-11-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
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CROUCH

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                    [Title] => Pacman in no hurry to name next rival
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                    [AuthorName] => Abac Cordero
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                    [ArticleID] => 339340
                    [Title] => ADB urges RP to increase spending on education, infra
                    [Summary] => The Asian Development Bank (ADB) said government spending on education and infrastructure should increase,  saying that revenue flow should balance the budget instead of budget cuts.


This developed as the ADB said it is reviewing its approach to the  Philippines to come up with more relevant development products that  would respond better to its shifting requirements.


According to ADB country director Tom Crouch, revenues have to go up  precisely to allow an increase in spending while staying within the program  to balance the budget by 2008.


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                    [ColumnID] => 133272
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                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 222649
                    [Title] => ADB to invest $25M on acquisition of RP banks’ bad assets
                    [Summary] => The Asian Development Bank (ADB) is ready to invest up to $25 million for the formation of an asset management company (AMC)  which would acquire the bad assets of local banks.


ADB country director for the Philippines Tom Crouch said  the multilateral agency  is interested to invest either through equity  partnership or loan releases.


"We are allowed by our regulations to make investments of $25 million or 25 percent of the total project cost in a private sector activity," Crouch said.


                    [DatePublished] => 2003-10-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] =>  Ted P. Torres
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                    [ArticleID] => 211469
                    [Title] => ADB expected to cancel $300-M loans to RP
                    [Summary] => The Asian Development Bank (ADB) expects to cancel  about $300 million in loans to the Philippines over Manila’s failure to  disburse and utilize the funds, officials at the lending agency said  Wednesday.


The ADB also warned that despite its resilience in the face of unfavorable foreign developments, the Philippines needed to address a number of problems.


Thomas Crouch, country director for the Philippines, said the ADB had a  total of $3.2 billion in loans to the country, or about six percent of  the Philippines’ total external debt.


                    [DatePublished] => 2003-06-26 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 183906
                    [Title] => Taming budget deficit is ‘acid test’ for RP
                    [Summary] => Taming the Philippines’ growing budget deficit is the "acid test" for the government of President Gloria Arroyo, the Asian Development Bank (ADB) said yesterday. 


"In a very real sense, that performance indicator has become an acid test," said Thomas Crouch, the ADB’s country director for the Philippines told reporters. 


Crouch conceded that some ADB loans to the Philippines scheduled for this year had been deferred to next year because Manila could not come up with the required matching funds due to the budget crunch. 


                    [DatePublished] => 2002-11-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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)

abtest

Pacman in no hurry to name next rival

By Abac Cordero | May 24, 2007 - 12:00am

Nation

ADB urges RP to increase spending on education, infra

By Des Ferriols | May 30, 2006 - 12:00am

The Asian Development Bank (ADB) said government spending on education and infrastructure should increase, saying that revenue flow should balance the budget instead of budget cuts. This developed as the ADB said...

Business

ADB to invest $25M on acquisition of RP banks’ bad assets

By Ted P. Torres | October 1, 2003 - 12:00am

The Asian Development Bank (ADB) is ready to invest up to $25 million for the formation of an asset management company (AMC) which would acquire the bad assets of local banks. ADB country director for the Philippines...

Business

ADB expected to cancel $300-M loans to RP

June 26, 2003 - 12:00am

The Asian Development Bank (ADB) expects to cancel about $300 million in loans to the Philippines over Manila’s failure to disburse and utilize the funds, officials at the lending agency said Wednesday. The...

Headlines

Taming budget deficit is ‘acid test’ for RP

November 14, 2002 - 12:00am

Taming the Philippines’ growing budget deficit is the "acid test" for the government of President Gloria Arroyo, the Asian Development Bank (ADB) said yesterday. "In a very real sense, that...

Business