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    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 101466
                    [Title] => Shipping finance hampered by `excessive' interest rates
                    [Summary] => 

Despite broadening the scope of its loan program for other maritime projects,
credit facilities being offered by the state-owned Development Bank of the
Philippines are bound to disappoint borrowers due to high interest rates and
other stringent requirements.

Prospective borrowers of the bank's second domestic shipping modernization
program (DSMP II) said the 13-15 percent interest the loans carry has rendered
the window unaffordable to operators who would have been willing to avail of it
to invest in more facilities.

DBP has fixed the lending rates at 13 per cent for the so
                    [DatePublished] => 2000-01-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1189578
                    [AuthorName] => by Andy Dalisay
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

DSMP

Array
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    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 101466
                    [Title] => Shipping finance hampered by `excessive' interest rates
                    [Summary] => 

Despite broadening the scope of its loan program for other maritime projects,
credit facilities being offered by the state-owned Development Bank of the
Philippines are bound to disappoint borrowers due to high interest rates and
other stringent requirements.

Prospective borrowers of the bank's second domestic shipping modernization
program (DSMP II) said the 13-15 percent interest the loans carry has rendered
the window unaffordable to operators who would have been willing to avail of it
to invest in more facilities.

DBP has fixed the lending rates at 13 per cent for the so
                    [DatePublished] => 2000-01-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1189578
                    [AuthorName] => by Andy Dalisay
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Shipping finance hampered by `excessive' interest rates

By by Andy Dalisay | January 28, 2000 - 12:00am

Despite broadening the scope of its loan program for other maritime projects, credit facilities being offered by the state-owned Development Bank of the Philippines are bound to disappoint borrowers due to high...

Business