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                    [Title] => UBS faces probe in Hong Kong
                    [Summary] => 
Hong Kong financial authorities said Thursday that they are investigating Swiss bank UBS over possible misconduct related to the Asian financial center’s benchmark interest rate.

                    [DatePublished] => 2012-12-21 00:00:00
                    [ColumnID] => 0
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                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 836886
                    [Title] => Government won't prosecute Goldman Sachs in probe
                    [Summary] => 
  The Justice Department said Thursday it won't prosecute Wall Street firm Goldman Sachs or its employees in a financial fraud probe.
                    [DatePublished] => 2012-08-10 11:25:30
                    [ColumnID] => 133272
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                    [ArticleID] => 833789
                    [Title] => Deutsche Bank to cut 1,900 jobs as profits drop
                    [Summary] => 
Deutsche Bank said yesterday it plans to cut  about 1,900 jobs, most of them outside Germany, as Europe's debt crisis  hurt profits at its investment banking business.
                    [DatePublished] => 2012-08-01 06:06:00
                    [ColumnID] => 133272
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                    [ArticleID] => 586146
                    [Title] => EDC secures $175-million term loan
                    [Summary] => 
MANILA, Philippines - Energy Development Corp. (EDC), the renewable energy development arm of the Lopez Group, has secured a three-year, $175 million term loan facility with a foreign bank syndicate.
                    [DatePublished] => 2010-06-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 410959
                    [Title] => GLOBAL NEWS: White House tells banks to stop hoarding money
                    [Summary] => WASHINGTON (AP) – An impatient White House served notice yesterday on banks and other financial ...
                    [DatePublished] => 2008-10-29 02:43:07
                    [ColumnID] => 133272
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                    [ArticleID] => 409418
                    [Title] => GLOBAL NEWS: Stocks fall as investors weigh corporate forecasts
                    [Summary] => NEW YORK (AP) – Wall Street tumbled again yesterday as investors shifted their focus from improving ...
                    [DatePublished] => 2008-10-23 00:46:37
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [ArticleID] => 314003
                    [Title] => Napocor eyes add’l $700M for ’06
                    [Summary] => National Power Corp. (Napocor) would likely need another $700 million for its financing requirements in 2006, a ranking company official said.


"We will probably need more or less the same financing requirement next year," Napocor vice president for finance Lorna Dy said.


In 2005, the state-owned power firm raised $700 million to finance its operations.


The Napocor official said they would likely borrow less if the company’s financial position will further improve this year.


                    [DatePublished] => 2005-12-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 295111
                    [Title] => MB approves 2 Napocor loans
                    [Summary] => The Monetary Board (MB), the policy-making body of the Bangko Sentral ng Pilipinas (BSP), has granted its final approval to two of the National Power Corp.’s (Napocor) loan applications. 


The MB specifically approved Napocor’s ¥1.044 billion proposed suppliers credit facilities from Sojitz Corp. of Japan. 


Proceeds from the Japanese loan will finance 100 percent of the contract price of supply and delivery of Daihatsu machineries for the missionary electrification program of Napocor’s small power utilities group (SPUG). 


                    [DatePublished] => 2005-09-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
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                    [ArticleID] => 292975
                    [Title] => BSP approves Napocor’s additional $100-M loan
                    [Summary] => The Monetary Board (MB), the policy-making body of the Bangko Sentral ng Pilipinas (BSP), has approved the $100-million additional foreign loan application of the state-owned National Power Corp. (Napocor). 


Sources privy to the recent MB meeting said "Napocor has already raised $300 million earlier this month and could raise the remaining $100 million later."


Finance Undersecretary Roberto Tan earlier said the state-run power generation company may need at least $600 million to $700 million for its financing requirements this year. 


                    [DatePublished] => 2005-08-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [9] => Array
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                    [ArticleID] => 292466
                    [Title] => Napocor mulls more borrowing
                    [Summary] => The National Power Corp. (Napocor) is considering another borrowing before the end of the year after its successful reentry into the international debt market with the issuance of $300-million worth of floating rate notes. 


"We are still reviewing the finances of Napocor and we are also anticipating its financial requirements for 2006 that will determine the amount that would be borrowed," said Power Sector Assets and Liabilities Management Corp. (PSALM) president Nieves L. Osorio. 


                    [DatePublished] => 2005-08-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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LONDON INTERBANK OFFERED RATE

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                    [ArticleID] => 888378
                    [Title] => UBS faces probe in Hong Kong
                    [Summary] => 
Hong Kong financial authorities said Thursday that they are investigating Swiss bank UBS over possible misconduct related to the Asian financial center’s benchmark interest rate.

                    [DatePublished] => 2012-12-21 00:00:00
                    [ColumnID] => 0
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                    [ArticleID] => 836886
                    [Title] => Government won't prosecute Goldman Sachs in probe
                    [Summary] => 
  The Justice Department said Thursday it won't prosecute Wall Street firm Goldman Sachs or its employees in a financial fraud probe.
                    [DatePublished] => 2012-08-10 11:25:30
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => 
                    [SectionUrl] => 
                    [URL] => 
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                    [ArticleID] => 833789
                    [Title] => Deutsche Bank to cut 1,900 jobs as profits drop
                    [Summary] => 
Deutsche Bank said yesterday it plans to cut  about 1,900 jobs, most of them outside Germany, as Europe's debt crisis  hurt profits at its investment banking business.
                    [DatePublished] => 2012-08-01 06:06:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => 
                    [SectionUrl] => 
                    [URL] => 
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                    [ArticleID] => 586146
                    [Title] => EDC secures $175-million term loan
                    [Summary] => 
MANILA, Philippines - Energy Development Corp. (EDC), the renewable energy development arm of the Lopez Group, has secured a three-year, $175 million term loan facility with a foreign bank syndicate.
                    [DatePublished] => 2010-06-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 410959
                    [Title] => GLOBAL NEWS: White House tells banks to stop hoarding money
                    [Summary] => WASHINGTON (AP) – An impatient White House served notice yesterday on banks and other financial ...
                    [DatePublished] => 2008-10-29 02:43:07
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => 
                    [SectionUrl] => 
                    [URL] => 
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                    [ArticleID] => 409418
                    [Title] => GLOBAL NEWS: Stocks fall as investors weigh corporate forecasts
                    [Summary] => NEW YORK (AP) – Wall Street tumbled again yesterday as investors shifted their focus from improving ...
                    [DatePublished] => 2008-10-23 00:46:37
                    [ColumnID] => 133272
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                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => 
                    [SectionUrl] => 
                    [URL] => 
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                    [ArticleID] => 314003
                    [Title] => Napocor eyes add’l $700M for ’06
                    [Summary] => National Power Corp. (Napocor) would likely need another $700 million for its financing requirements in 2006, a ranking company official said.


"We will probably need more or less the same financing requirement next year," Napocor vice president for finance Lorna Dy said.


In 2005, the state-owned power firm raised $700 million to finance its operations.


The Napocor official said they would likely borrow less if the company’s financial position will further improve this year.


                    [DatePublished] => 2005-12-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 295111
                    [Title] => MB approves 2 Napocor loans
                    [Summary] => The Monetary Board (MB), the policy-making body of the Bangko Sentral ng Pilipinas (BSP), has granted its final approval to two of the National Power Corp.’s (Napocor) loan applications. 


The MB specifically approved Napocor’s ¥1.044 billion proposed suppliers credit facilities from Sojitz Corp. of Japan. 


Proceeds from the Japanese loan will finance 100 percent of the contract price of supply and delivery of Daihatsu machineries for the missionary electrification program of Napocor’s small power utilities group (SPUG). 


                    [DatePublished] => 2005-09-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 292975
                    [Title] => BSP approves Napocor’s additional $100-M loan
                    [Summary] => The Monetary Board (MB), the policy-making body of the Bangko Sentral ng Pilipinas (BSP), has approved the $100-million additional foreign loan application of the state-owned National Power Corp. (Napocor). 


Sources privy to the recent MB meeting said "Napocor has already raised $300 million earlier this month and could raise the remaining $100 million later."


Finance Undersecretary Roberto Tan earlier said the state-run power generation company may need at least $600 million to $700 million for its financing requirements this year. 


                    [DatePublished] => 2005-08-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 292466
                    [Title] => Napocor mulls more borrowing
                    [Summary] => The National Power Corp. (Napocor) is considering another borrowing before the end of the year after its successful reentry into the international debt market with the issuance of $300-million worth of floating rate notes. 


"We are still reviewing the finances of Napocor and we are also anticipating its financial requirements for 2006 that will determine the amount that would be borrowed," said Power Sector Assets and Liabilities Management Corp. (PSALM) president Nieves L. Osorio. 


                    [DatePublished] => 2005-08-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

abtest

UBS faces probe in Hong Kong

December 21, 2012 - 12:00am

Hong Kong financial authorities said Thursday that they are investigating Swiss bank UBS over possible misconduct related to the Asian financial center’s benchmark interest rate.

Business

Government won't prosecute Goldman Sachs in probe

August 10, 2012 - 11:25am

  The Justice Department said Thursday it won't prosecute Wall Street firm Goldman Sachs or its employees in a financial fraud probe.

Deutsche Bank to cut 1,900 jobs as profits drop

August 1, 2012 - 6:06am

Deutsche Bank said yesterday it plans to cut about 1,900 jobs, most of them outside Germany, as Europe's debt crisis hurt profits at its investment banking business.

EDC secures $175-million term loan

By Donnabelle L. Gatdula | June 22, 2010 - 12:00am

MANILA, Philippines - Energy Development Corp. (EDC), the renewable energy development arm of the Lopez Group, has secured a three-year, $175 million term loan facility with a foreign bank syndicate.

Business

GLOBAL NEWS: White House tells banks to stop hoarding money

October 29, 2008 - 2:43am

WASHINGTON (AP) – An impatient White House served notice yesterday on banks and other financial ...

GLOBAL NEWS: Stocks fall as investors weigh corporate forecasts

October 23, 2008 - 12:46am

NEW YORK (AP) – Wall Street tumbled again yesterday as investors shifted their focus from improving ...

Napocor eyes add’l $700M for ’06

By Donnabelle L. Gatdula | December 28, 2005 - 12:00am

National Power Corp. (Napocor) would likely need another $700 million for its financing requirements in 2006, a ranking company official said. "We will probably need more or less the same financing requirement...

Business

MB approves 2 Napocor loans

By Donnabelle L. Gatdula | September 5, 2005 - 12:00am

The Monetary Board (MB), the policy-making body of the Bangko Sentral ng Pilipinas (BSP), has granted its final approval to two of the National Power Corp.’s (Napocor) loan applications. The MB specifically...

Business

BSP approves Napocor’s additional $100-M loan

By Donnabelle L. Gatdula | August 23, 2005 - 12:00am

The Monetary Board (MB), the policy-making body of the Bangko Sentral ng Pilipinas (BSP), has approved the $100-million additional foreign loan application of the state-owned National Power Corp. (Napocor). Sources...

Business

Napocor mulls more borrowing

By Rocel Felix | August 20, 2005 - 12:00am

The National Power Corp. (Napocor) is considering another borrowing before the end of the year after its successful reentry into the international debt market with the issuance of $300-million worth of floating rate...

Business