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                    [ArticleID] => 211215
                    [Title] => Metro Pacific seeks partners for Ft Boni property
                    [Summary] => Metro Pacific Corp. is negotiating with possible strategic partners or retail developers  for the development of its remaining 10.4-hectare property within Fort Bonifacio to further improve its liquidity position.


"We’re in discussions with a number of possible partners and developers and we hope to make an announcement before the end of the year," MPC director Edward Tortorici said at the sidelines of the company’s stockholders meeting last Friday.
[DatePublished] => 2003-06-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 211064 [Title] => Metro Pacific sees turnaround this year [Summary] => Metro Pacific Corp., the local flagship of Hong Kong’s First Pacific Co. Ltd., is hoping to end the year in the black as it expects negotiations with creditors for the full repayment or restructuring of its debts to be completed.

MPC chairman Manuel V. Pangilinan said the company’s goal this year is to retire all its debts which have weighed down on its profitability over the past years.
[DatePublished] => 2003-06-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 199651 [Title] => First Pac OKs sale of Boni Land to Ayala-Greenfield [Summary] => The board of directors and stockholders of Hongkong-based First Pacific Co. Ltd. approved the sale to Ayala Land and Greenfield Development Corp. of a $90-million loan secured by a 50.4-percent interest in Bonifacio Land Corp. (BLC).

The STAR learned that the FPC board met in Hong Kong yesterday to finalize the deal, which involves a loan extended by FPC subsidiary Larouge BV to sister firm Metro Pacific Corp. (MPC). MPC owns more than 80 percent of BLC.

MPC officials said they expect the definitive agreement regarding the deal to be signed before the end of the month. [DatePublished] => 2003-03-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 196322 [Title] => First Pacific okays deal between Metro Pacific, Ayala-Greenfield [Summary] => Hong Kong-based First Pacific Co. Ltd. has finally approved a deal entered into by subsidiary Metro Pacific Corp. with the Ayala-Greenfield Development Corp. consortium for the assumption by the latter of a $90-million MPC loan in exchange for a 50.4-percent interest in Bonifacio Land Corp.
[DatePublished] => 2003-02-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 175406 [Title] => Ayalas join Campos bid to buy FPC stake in BLC [Summary] => Greenfields Development Corp., owned by businessman Jose Yao Campos of United Laboratories (Unilab), is going all out in its bid to buy out Hong Kong-based First Pacific Co. Ltd.’s 50.4- percent stake in Bonifacio Land Corp. and now wants the Ayala Group to be its partner in the venture. [DatePublished] => 2002-09-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 169257 [Title] => PLDT hits First Pacific, Gokongwei over MOA [Summary] => Telecommunications giant Philippine Long Distance Telephone Co. (PLDT) lashed out yesterday at its parent firm First Pacific Co. Ltd. and the Gokongwei group for deliberately hiding the fact that JG Summit Holdings Inc. was a party to the memorandum of agreement (MOA) covering FPC’s sale of its stakes in both PLDT and Bonifacio Land Corp.
[DatePublished] => 2002-07-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 168400 [Title] => Campos joins Tonyboy, MVP in BLC deal [Summary] => Businessman Jose Y. Campos has joined the group of Antonio O. Cojuangco and Manuel V. Pangilinan, chairman and president respectively, of Philippine Long Distance Telephone Co. (PLDT). [DatePublished] => 2002-07-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 167953 [Title] => Tonyboy, MVP beat Gokongwei to the punch on Boni Land deal [Summary] => In a surprising twist of events, a group led by businessman Antonio O. Cojuangco and Philippine Long Distance Telephone Co. (PLDT) president Manuel V. Pangilinan has beaten the Gokongwei group to the punch and acquired majority control of Bonifacio Land Corp. (BLC)... [DatePublished] => 2002-07-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 151920 [Title] => Metro Pacific suffers P20-B loss [Summary] => Metro Pacific Corp. expects to suffer a consolidated net loss in excess of P20 billion in 2001, even as the company pursues a restructuring of its debts amounting to P12 billion. [DatePublished] => 2002-02-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 146880 [Title] => Metro Pacific gets parent firm’s assistance in financial deals [Summary] => Metro Pacific Corp. (MPC) is slowly losing its grip on managing its own finances as its parent company, Hong Kong-based First Pacific Co. Ltd., has taken a more direct hand in MPC’s financial restructuring program.

In a statement, MPC said Larouge B.V., a wholly-owned First Pacific subsidiary, will now co-manage the ongoing sale process for MPC’s 69.6-percent controlling stake in Bonifacio Land Corp. (BLC), the private consortium developing the Bonifacio Global City in Makati.
[DatePublished] => 2002-01-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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                    [ArticleID] => 211215
                    [Title] => Metro Pacific seeks partners for Ft Boni property
                    [Summary] => Metro Pacific Corp. is negotiating with possible strategic partners or retail developers  for the development of its remaining 10.4-hectare property within Fort Bonifacio to further improve its liquidity position.


"We’re in discussions with a number of possible partners and developers and we hope to make an announcement before the end of the year," MPC director Edward Tortorici said at the sidelines of the company’s stockholders meeting last Friday.
[DatePublished] => 2003-06-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 211064 [Title] => Metro Pacific sees turnaround this year [Summary] => Metro Pacific Corp., the local flagship of Hong Kong’s First Pacific Co. Ltd., is hoping to end the year in the black as it expects negotiations with creditors for the full repayment or restructuring of its debts to be completed.

MPC chairman Manuel V. Pangilinan said the company’s goal this year is to retire all its debts which have weighed down on its profitability over the past years.
[DatePublished] => 2003-06-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 199651 [Title] => First Pac OKs sale of Boni Land to Ayala-Greenfield [Summary] => The board of directors and stockholders of Hongkong-based First Pacific Co. Ltd. approved the sale to Ayala Land and Greenfield Development Corp. of a $90-million loan secured by a 50.4-percent interest in Bonifacio Land Corp. (BLC).

The STAR learned that the FPC board met in Hong Kong yesterday to finalize the deal, which involves a loan extended by FPC subsidiary Larouge BV to sister firm Metro Pacific Corp. (MPC). MPC owns more than 80 percent of BLC.

MPC officials said they expect the definitive agreement regarding the deal to be signed before the end of the month. [DatePublished] => 2003-03-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 196322 [Title] => First Pacific okays deal between Metro Pacific, Ayala-Greenfield [Summary] => Hong Kong-based First Pacific Co. Ltd. has finally approved a deal entered into by subsidiary Metro Pacific Corp. with the Ayala-Greenfield Development Corp. consortium for the assumption by the latter of a $90-million MPC loan in exchange for a 50.4-percent interest in Bonifacio Land Corp.
[DatePublished] => 2003-02-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 175406 [Title] => Ayalas join Campos bid to buy FPC stake in BLC [Summary] => Greenfields Development Corp., owned by businessman Jose Yao Campos of United Laboratories (Unilab), is going all out in its bid to buy out Hong Kong-based First Pacific Co. Ltd.’s 50.4- percent stake in Bonifacio Land Corp. and now wants the Ayala Group to be its partner in the venture. [DatePublished] => 2002-09-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 169257 [Title] => PLDT hits First Pacific, Gokongwei over MOA [Summary] => Telecommunications giant Philippine Long Distance Telephone Co. (PLDT) lashed out yesterday at its parent firm First Pacific Co. Ltd. and the Gokongwei group for deliberately hiding the fact that JG Summit Holdings Inc. was a party to the memorandum of agreement (MOA) covering FPC’s sale of its stakes in both PLDT and Bonifacio Land Corp.
[DatePublished] => 2002-07-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 168400 [Title] => Campos joins Tonyboy, MVP in BLC deal [Summary] => Businessman Jose Y. Campos has joined the group of Antonio O. Cojuangco and Manuel V. Pangilinan, chairman and president respectively, of Philippine Long Distance Telephone Co. (PLDT). [DatePublished] => 2002-07-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 167953 [Title] => Tonyboy, MVP beat Gokongwei to the punch on Boni Land deal [Summary] => In a surprising twist of events, a group led by businessman Antonio O. Cojuangco and Philippine Long Distance Telephone Co. (PLDT) president Manuel V. Pangilinan has beaten the Gokongwei group to the punch and acquired majority control of Bonifacio Land Corp. (BLC)... [DatePublished] => 2002-07-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 151920 [Title] => Metro Pacific suffers P20-B loss [Summary] => Metro Pacific Corp. expects to suffer a consolidated net loss in excess of P20 billion in 2001, even as the company pursues a restructuring of its debts amounting to P12 billion. [DatePublished] => 2002-02-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 146880 [Title] => Metro Pacific gets parent firm’s assistance in financial deals [Summary] => Metro Pacific Corp. (MPC) is slowly losing its grip on managing its own finances as its parent company, Hong Kong-based First Pacific Co. Ltd., has taken a more direct hand in MPC’s financial restructuring program.

In a statement, MPC said Larouge B.V., a wholly-owned First Pacific subsidiary, will now co-manage the ongoing sale process for MPC’s 69.6-percent controlling stake in Bonifacio Land Corp. (BLC), the private consortium developing the Bonifacio Global City in Makati.
[DatePublished] => 2002-01-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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