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                    [ArticleID] => 136810
                    [Title] => DTI accepts lease proposals for NSC
                    [Summary] => Parties interested in operating the National Steel Corp. (NSC) will be given another chance to submit their formal proposal.


The Department of Trade and Industry (DTI) is now accepting sealed proposals for the operation of the NSC Iligan steel plant.


Proposals will be accepted by the office of the DTI secretary until 2 p.m. of Oct. 23 this year.


                    [DatePublished] => 2001-10-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 136368
                    [Title] => Government needs to trim targets — Espiritu
                    [Summary] => Government will have difficulty attaining its revenue targets if it does not make downward adjustments on economic targets for this year.


This was the observation yesterday of former Finance Secretary Edgardo B. Espiritu who is now President Arroyo’s special envoy to multilateral financial institutions.


                    [DatePublished] => 2001-10-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [2] => Array
                (
                    [ArticleID] => 131577
                    [Title] => CICI may lose license due to capital deficiency
                    [Summary] => The CICI General Insurance Corp., a Filipino-owned non-life insurance company, stands to lose its license if its fails to fill a capital deficiency of P59.426 million by the end of the month.


CICI General Insurance is a subsidiary of Westmont Investment Corp. (Wincorp), which was established by former Finance Secretary Edgardo B. Espiritu. The non-life insurance company had a net worth of P90 million in 1999.


                    [DatePublished] => 2001-08-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 96228
                    [Title] => Taiwanese investors urge  government to relax tax policies
                    [Summary] => Taiwanese investors are urging Finance Secretary  Alberto Romulo to study the possibility of relaxing tax policies imposed on foreign investors.


The Taiwanese investors, accompanied by top officials of the Chinese Filipino Business Club, Inc., recently paid a courtesy call on Romulo to discuss their major concerns about investing in the country.


According to Dante Y. Go of the CFBCI, Taiwanese investors have shown their commitment to the country by not pulling out from Subic during the "hard times" under the short-lived Estrada administration."


                    [DatePublished] => 2001-02-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [4] => Array
                (
                    [ArticleID] => 98992
                    [Title] => Wincorp wants probe by SEC, not BSP
                    [Summary] => 

Troubled investment house Westmont Investment Corp.
                    [DatePublished] => 2000-05-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 100605
                    [Title] => Investors ask SEC to probe Wincorp
                    [Summary] => 

Disgruntled unidentified investors of collapsed investment house Westmont
Investment Corp. (Wincorp) are asking the Securities and Exchange Commission
(SEC) to conduct an investigation of stockholders and owners of the firm,
including United Overseas Bank (UOB), formerly Westmont Bank.

In a letter to the SEC's prosecution and enforcement department (PED), 

Apollo X.C.S.
                    [DatePublished] => 2000-04-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 100591
                    [Title] => More investors to sue Wincorp
                    [Summary] => 

More investors of Westmont Investment Corp. (Wincorp) are coming out to sue the
investment house associated with former Finance Secretary Edgardo B.
                    [DatePublished] => 2000-04-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 100489
                    [Title] => Inter-agency task force to probe Wincorp
                    [Summary] => 

An inter-agency task force is being created to investigate the collapse of
Westmont Investment Corp. (Wincorp), an investment house associated with former
Finance Secretary Edgardo B. Espiritu which is now saddled with debts of about
P7 billion.

SEC sources said the Wincorp task force will have as its members the Bangko
Sentral ng Pilipinas (BSP), Securities and Exchange Commission (SEC) and the
Department of Justice (DOJ).
                    [DatePublished] => 2000-04-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 100477
                    [Title] => Investor sues Wincorp
                    [Summary] => 

Troubled investment house Westmont Investment Corp. (Wincorp) which has been
linked to former Finance Secretary Edgardo B.
                    [DatePublished] => 2000-04-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 101018
                    [Title] => IMF's Nolan upbeat on RP's growth prospects
                    [Summary] => 

The International Monetary Fund's (IMF) resident representative to the country,
Sean Nolan, said yesterday the economy will still be able to achieve its  gross
domestic product (GDP) growth target of four to five percent  this year despite
a spate of negative developments  lately.

"In spite of recent negative events lately that tend to scare off investors,
the country's macroeconomic fundamentals remain strong," Nolan said, adding
that "the growth targets are achievable."

However
                    [DatePublished] => 2000-03-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

FINANCE SECRETARY EDGARDO B

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                    [ArticleID] => 136810
                    [Title] => DTI accepts lease proposals for NSC
                    [Summary] => Parties interested in operating the National Steel Corp. (NSC) will be given another chance to submit their formal proposal.


The Department of Trade and Industry (DTI) is now accepting sealed proposals for the operation of the NSC Iligan steel plant.


Proposals will be accepted by the office of the DTI secretary until 2 p.m. of Oct. 23 this year.


                    [DatePublished] => 2001-10-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 136368
                    [Title] => Government needs to trim targets — Espiritu
                    [Summary] => Government will have difficulty attaining its revenue targets if it does not make downward adjustments on economic targets for this year.


This was the observation yesterday of former Finance Secretary Edgardo B. Espiritu who is now President Arroyo’s special envoy to multilateral financial institutions.


                    [DatePublished] => 2001-10-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 131577
                    [Title] => CICI may lose license due to capital deficiency
                    [Summary] => The CICI General Insurance Corp., a Filipino-owned non-life insurance company, stands to lose its license if its fails to fill a capital deficiency of P59.426 million by the end of the month.


CICI General Insurance is a subsidiary of Westmont Investment Corp. (Wincorp), which was established by former Finance Secretary Edgardo B. Espiritu. The non-life insurance company had a net worth of P90 million in 1999.


                    [DatePublished] => 2001-08-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 96228
                    [Title] => Taiwanese investors urge  government to relax tax policies
                    [Summary] => Taiwanese investors are urging Finance Secretary  Alberto Romulo to study the possibility of relaxing tax policies imposed on foreign investors.


The Taiwanese investors, accompanied by top officials of the Chinese Filipino Business Club, Inc., recently paid a courtesy call on Romulo to discuss their major concerns about investing in the country.


According to Dante Y. Go of the CFBCI, Taiwanese investors have shown their commitment to the country by not pulling out from Subic during the "hard times" under the short-lived Estrada administration."


                    [DatePublished] => 2001-02-25 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 98992
                    [Title] => Wincorp wants probe by SEC, not BSP
                    [Summary] => 

Troubled investment house Westmont Investment Corp.
                    [DatePublished] => 2000-05-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 100605
                    [Title] => Investors ask SEC to probe Wincorp
                    [Summary] => 

Disgruntled unidentified investors of collapsed investment house Westmont
Investment Corp. (Wincorp) are asking the Securities and Exchange Commission
(SEC) to conduct an investigation of stockholders and owners of the firm,
including United Overseas Bank (UOB), formerly Westmont Bank.

In a letter to the SEC's prosecution and enforcement department (PED), 

Apollo X.C.S.
                    [DatePublished] => 2000-04-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 100591
                    [Title] => More investors to sue Wincorp
                    [Summary] => 

More investors of Westmont Investment Corp. (Wincorp) are coming out to sue the
investment house associated with former Finance Secretary Edgardo B.
                    [DatePublished] => 2000-04-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 100489
                    [Title] => Inter-agency task force to probe Wincorp
                    [Summary] => 

An inter-agency task force is being created to investigate the collapse of
Westmont Investment Corp. (Wincorp), an investment house associated with former
Finance Secretary Edgardo B. Espiritu which is now saddled with debts of about
P7 billion.

SEC sources said the Wincorp task force will have as its members the Bangko
Sentral ng Pilipinas (BSP), Securities and Exchange Commission (SEC) and the
Department of Justice (DOJ).
                    [DatePublished] => 2000-04-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 100477
                    [Title] => Investor sues Wincorp
                    [Summary] => 

Troubled investment house Westmont Investment Corp. (Wincorp) which has been
linked to former Finance Secretary Edgardo B.
                    [DatePublished] => 2000-04-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 101018
                    [Title] => IMF's Nolan upbeat on RP's growth prospects
                    [Summary] => 

The International Monetary Fund's (IMF) resident representative to the country,
Sean Nolan, said yesterday the economy will still be able to achieve its  gross
domestic product (GDP) growth target of four to five percent  this year despite
a spate of negative developments  lately.

"In spite of recent negative events lately that tend to scare off investors,
the country's macroeconomic fundamentals remain strong," Nolan said, adding
that "the growth targets are achievable."

However
                    [DatePublished] => 2000-03-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

DTI accepts lease proposals for NSC

By Marianne V. Go | October 16, 2001 - 12:00am

Parties interested in operating the National Steel Corp. (NSC) will be given another chance to submit their formal proposal. The Department of Trade and Industry (DTI) is now accepting sealed proposals for the operation...

Business

Government needs to trim targets — Espiritu

By Marianne V. Go | October 12, 2001 - 12:00am

Government will have difficulty attaining its revenue targets if it does not make downward adjustments on economic targets for this year. This was the observation yesterday of former Finance Secretary Edgardo B....

Business

CICI may lose license due to capital deficiency

By Ted P. Torres | August 27, 2001 - 12:00am

The CICI General Insurance Corp., a Filipino-owned non-life insurance company, stands to lose its license if its fails to fill a capital deficiency of P59.426 million by the end of the month. CICI General Insurance...

Business

Taiwanese investors urge government to relax tax policies

By Marianne V. Go | February 25, 2001 - 12:00am

Taiwanese investors are urging Finance Secretary Alberto Romulo to study the possibility of relaxing tax policies imposed on foreign investors. The Taiwanese investors, accompanied by top officials of the Chinese...

Business

Wincorp wants probe by SEC, not BSP

By Rocel Felix | May 11, 2000 - 12:00am

Troubled investment house Westmont Investment Corp.

Business

Investors ask SEC to probe Wincorp

By Rocel Felix | April 25, 2000 - 12:00am

Disgruntled unidentified investors of collapsed investment house Westmont Investment Corp. (Wincorp) are asking the Securities and Exchange Commission (SEC) to conduct an investigation of stockholders and owners...

Business

More investors to sue Wincorp

April 24, 2000 - 12:00am

More investors of Westmont Investment Corp. (Wincorp) are coming out to sue the investment house associated with former Finance Secretary Edgardo B.

Business

Inter-agency task force to probe Wincorp

By Rocel Felix | April 12, 2000 - 12:00am

An inter-agency task force is being created to investigate the collapse of Westmont Investment Corp. (Wincorp), an investment house associated with former Finance Secretary Edgardo B. Espiritu which is now saddled...

Business

Investor sues Wincorp

By Rocel Felix | April 11, 2000 - 12:00am

Troubled investment house Westmont Investment Corp. (Wincorp) which has been linked to former Finance Secretary Edgardo B.

Business

IMF's Nolan upbeat on RP's growth prospects

By Marianne V. Go | March 10, 2000 - 12:00am

The International Monetary Fund's (IMF) resident representative to the country, Sean Nolan, said yesterday the economy will still be able to achieve its gross domestic product (GDP) growth target of four to...

Business