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                    [ArticleID] => 281711
                    [Title] => 3 GSIS execs dismissed
                    [Summary] => The Ombudsman has ordered the dismissal of three ranking officials of the Government Service Insurance System (GSIS) for approving a $10-million loan based on spurious collateral.


Ombudsman Simeon Marcelo issued the order yesterday against GSIS senior executive officers Alex Valencerina, Amalio Mallari and Fernando Campana.


Public Assistance Bureau director Marylyn Galvez said the three GSIS executives granted the loan to Ecobel Land Inc., even though the land title used as collateral in Lipa City in Batangas turned out to be illegitimate.


                    [DatePublished] => 2005-06-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 100478
                    [Title] => Ecobel issue won't affect RP credit rating, says Pardo
                    [Summary] => 

Finance Secretary Jose Pardo dismissed suggestions yesterday that the
government's refusal to honor an alleged guarantee on a bond issued by the
Government Service Insurance System (GSIS) in 1998 will affect new government
bonds issued overseas.

"I am sure the market will not take it as the Philippine government not living
up to its commitment," Pardo said.

Reports over the weekend said AON Financial Products Inc.
                    [DatePublished] => 2000-04-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

ECOBEL LAND

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                    [ArticleID] => 281711
                    [Title] => 3 GSIS execs dismissed
                    [Summary] => The Ombudsman has ordered the dismissal of three ranking officials of the Government Service Insurance System (GSIS) for approving a $10-million loan based on spurious collateral.


Ombudsman Simeon Marcelo issued the order yesterday against GSIS senior executive officers Alex Valencerina, Amalio Mallari and Fernando Campana.


Public Assistance Bureau director Marylyn Galvez said the three GSIS executives granted the loan to Ecobel Land Inc., even though the land title used as collateral in Lipa City in Batangas turned out to be illegitimate.


                    [DatePublished] => 2005-06-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 100478
                    [Title] => Ecobel issue won't affect RP credit rating, says Pardo
                    [Summary] => 

Finance Secretary Jose Pardo dismissed suggestions yesterday that the
government's refusal to honor an alleged guarantee on a bond issued by the
Government Service Insurance System (GSIS) in 1998 will affect new government
bonds issued overseas.

"I am sure the market will not take it as the Philippine government not living
up to its commitment," Pardo said.

Reports over the weekend said AON Financial Products Inc.
                    [DatePublished] => 2000-04-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

3 GSIS execs dismissed

June 15, 2005 - 12:00am

The Ombudsman has ordered the dismissal of three ranking officials of the Government Service Insurance System (GSIS) for approving a $10-million loan based on spurious collateral. Ombudsman Simeon Marcelo issued...

Headlines

Ecobel issue won't affect RP credit rating, says Pardo

By Marianne V. Go | April 11, 2000 - 12:00am

Finance Secretary Jose Pardo dismissed suggestions yesterday that the government's refusal to honor an alleged guarantee on a bond issued by the Government Service Insurance System (GSIS) in 1998 will affect...

Business