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                    [ArticleID] => 279830
                    [Title] => Cut OFW remittance charges
                    [Summary] => Overseas Filipino Workers or OFWs are called the country’s new breed of heroes, who last year collectively helped shore up the country’s economy by sending $8.5 billion in remittances. Yet for every remittance they make, as much as 13.5 percent is charged by banks for transaction fees, one of the highest in the world and described by a recent IMF study as "a bit steep." A separate study by the US State Department revealed that global transaction costs range from $15-$26 for a typical $200 remittance. That’s why Sen.
                    [DatePublished] => 2005-05-31 00:00:00
                    [ColumnID] => 135725
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 148184
                    [Title] => Napocor, Heath Lambert firm up insurance deal
                    [Summary] => State-owned National Power Corp. (Napocor) has threshed out all remaining issues for a one-year insurance coverage of its assets by UK-based Heath Lambert, a ranking official said yesterday.


Finance undersecretary Antonio Bernardo, who chairs the joint bidding committee that handles the reinsurance coverage of the state-run power firm, said they have finalized the terms and conditions for Napocor’s $6.5-billion industrial all risk (IAR) policy.


Bernardo said the contract with Heath Lambert started last Dec. 21 and will expire on the same date in 2002.


                    [DatePublished] => 2002-01-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 144724
                    [Title] => Heath Lambert picked to reinsure Napocor asssets
                    [Summary] => The Malacañang-appointed joint bidding committee, tasked to handle the $6.5-billion all risks industrial insurance policy of the National Power Corp. has decided to employ the services of Heath Lambert Group to cover 95 percent of the reinsurance needs of the power firm.


                    [DatePublished] => 2001-12-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [3] => Array
                (
                    [ArticleID] => 144147
                    [Title] => Joint bidding body for Napocor reinsurance picks Heath Lambert
                    [Summary] => The joint bidding committee (JBC), handling the reinsurance contract for the National Power Corp. (Napocor) is likely to get Heath Lambert as one of the reinsurance brokers for Napocor’s assets.


Energy Secretary Vincent S. Perez said "Heath Lambert was appointed but maybe it could not be the only one to be picked out."


According to Perez, the JBC is inclined to choose at least two reinsurance brokers for the state-owned power generation company. "They will be getting two," he said.


                    [DatePublished] => 2001-12-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 140067
                    [Title] => Bidding for Napocor’s reinsurance policy set
                    [Summary] => The second bidding for the $6.5-billion industrial all risks (IAR) policy of the state-owned National Power Corp. (Napocor) will be held on Monday, Nov. 19, a top government official said yesterday.


Finance Undersecretary Antonio Bernardo said that the joint biddings committee, tasked to handle the reinsurance of the country’s largest power producer, decided to conduct the auction next Monday.


He said the new date was finalized in a committee meeting attended by representatives from Napocor and the Government Service Insurance System (GSIS) last Friday.


                    [DatePublished] => 2001-11-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 137164
                    [Title] => Napocor to fasttrack reinsurance bidding
                    [Summary] => The National Power Corp. (Napocor) has asked the joint bidding committee headed by the Department of Finance (DOF) to fasttrack the second bidding of its $6.5 billion industrial all risks insurance policy.


It was learned that the state-owned power firm has already proposed to the multi-agency bidding committee to proceed with the bidding before the end of the month.


Napocor feels that the pre-qualified bidders have already had ample time to factor in the impact of last month’s terrorist attacks in the US on the global insurance market.


                    [DatePublished] => 2001-10-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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)

HEATH LAMBERT

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                    [ArticleID] => 279830
                    [Title] => Cut OFW remittance charges
                    [Summary] => Overseas Filipino Workers or OFWs are called the country’s new breed of heroes, who last year collectively helped shore up the country’s economy by sending $8.5 billion in remittances. Yet for every remittance they make, as much as 13.5 percent is charged by banks for transaction fees, one of the highest in the world and described by a recent IMF study as "a bit steep." A separate study by the US State Department revealed that global transaction costs range from $15-$26 for a typical $200 remittance. That’s why Sen.
                    [DatePublished] => 2005-05-31 00:00:00
                    [ColumnID] => 135725
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                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
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                    [ArticleID] => 148184
                    [Title] => Napocor, Heath Lambert firm up insurance deal
                    [Summary] => State-owned National Power Corp. (Napocor) has threshed out all remaining issues for a one-year insurance coverage of its assets by UK-based Heath Lambert, a ranking official said yesterday.


Finance undersecretary Antonio Bernardo, who chairs the joint bidding committee that handles the reinsurance coverage of the state-run power firm, said they have finalized the terms and conditions for Napocor’s $6.5-billion industrial all risk (IAR) policy.


Bernardo said the contract with Heath Lambert started last Dec. 21 and will expire on the same date in 2002.


                    [DatePublished] => 2002-01-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                    [ArticleID] => 144724
                    [Title] => Heath Lambert picked to reinsure Napocor asssets
                    [Summary] => The Malacañang-appointed joint bidding committee, tasked to handle the $6.5-billion all risks industrial insurance policy of the National Power Corp. has decided to employ the services of Heath Lambert Group to cover 95 percent of the reinsurance needs of the power firm.


                    [DatePublished] => 2001-12-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 144147
                    [Title] => Joint bidding body for Napocor reinsurance picks Heath Lambert
                    [Summary] => The joint bidding committee (JBC), handling the reinsurance contract for the National Power Corp. (Napocor) is likely to get Heath Lambert as one of the reinsurance brokers for Napocor’s assets.


Energy Secretary Vincent S. Perez said "Heath Lambert was appointed but maybe it could not be the only one to be picked out."


According to Perez, the JBC is inclined to choose at least two reinsurance brokers for the state-owned power generation company. "They will be getting two," he said.


                    [DatePublished] => 2001-12-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 140067
                    [Title] => Bidding for Napocor’s reinsurance policy set
                    [Summary] => The second bidding for the $6.5-billion industrial all risks (IAR) policy of the state-owned National Power Corp. (Napocor) will be held on Monday, Nov. 19, a top government official said yesterday.


Finance Undersecretary Antonio Bernardo said that the joint biddings committee, tasked to handle the reinsurance of the country’s largest power producer, decided to conduct the auction next Monday.


He said the new date was finalized in a committee meeting attended by representatives from Napocor and the Government Service Insurance System (GSIS) last Friday.


                    [DatePublished] => 2001-11-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 137164
                    [Title] => Napocor to fasttrack reinsurance bidding
                    [Summary] => The National Power Corp. (Napocor) has asked the joint bidding committee headed by the Department of Finance (DOF) to fasttrack the second bidding of its $6.5 billion industrial all risks insurance policy.


It was learned that the state-owned power firm has already proposed to the multi-agency bidding committee to proceed with the bidding before the end of the month.


Napocor feels that the pre-qualified bidders have already had ample time to factor in the impact of last month’s terrorist attacks in the US on the global insurance market.


                    [DatePublished] => 2001-10-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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)

abtest

Cut OFW remittance charges

By S.A. Maguire | May 31, 2005 - 12:00am

Overseas Filipino Workers or OFWs are called the country’s new breed of heroes, who last year collectively helped shore up the country’s economy by sending $8.5 billion in remittances. Yet for every remittance...

Business

Napocor, Heath Lambert firm up insurance deal

By Donnabelle L. Gatdula | January 24, 2002 - 12:00am

State-owned National Power Corp. (Napocor) has threshed out all remaining issues for a one-year insurance coverage of its assets by UK-based Heath Lambert, a ranking official said yesterday. Finance undersecretary...

Business

Heath Lambert picked to reinsure Napocor asssets

By Donnabelle L. Gatdula | December 24, 2001 - 12:00am

The Malacañang-appointed joint bidding committee, tasked to handle the $6.5-billion all risks industrial insurance policy of the National Power Corp. has decided to employ the services of Heath Lambert Group...

Business

Joint bidding body for Napocor reinsurance picks Heath Lambert

By Donnabelle L. Gatdula | December 19, 2001 - 12:00am

The joint bidding committee (JBC), handling the reinsurance contract for the National Power Corp. (Napocor) is likely to get Heath Lambert as one of the reinsurance brokers for Napocor’s assets. Energy Secretary...

Business

Bidding for Napocor’s reinsurance policy set

By Donnabelle L. Gatdula | November 14, 2001 - 12:00am

The second bidding for the $6.5-billion industrial all risks (IAR) policy of the state-owned National Power Corp. (Napocor) will be held on Monday, Nov. 19, a top government official said yesterday. Finance Undersecretary...

Business

Napocor to fasttrack reinsurance bidding

By Donnabelle L. Gatdula | October 19, 2001 - 12:00am

The National Power Corp. (Napocor) has asked the joint bidding committee headed by the Department of Finance (DOF) to fasttrack the second bidding of its $6.5 billion industrial all risks insurance policy. It was...

Business