Array
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    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 240162
                    [Title] => MRT-3’s asset-backed securities still under review by Philratings
                    [Summary] => The Philippine Ratings Services Corp. (Philratings) said its PRS Aa rating for MRT III Funding Corp. Ltd.’s asset-backed securities (ABS) remains under "continuing review."


Philratings said the review was due to the fact that no settlement or restructuring has yet been finalized and announced with respect to the $21 million past due maintenance fees payable to Sumitomo Corp. of Japan.


                    [DatePublished] => 2004-02-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 178361
                    [Title] => Benpres defaults anew on interest payment on LTCPs
                    [Summary] => Benpres Holdings Corp. (BHC) said yesterday it failed anew to pay on schedule the interest payment for its long-term commercial papers (LTCPs).


The Lopez-owned holding company, the parent firm of ABS-CBN Broadcasting Corp., First Philippine Holdings, Meralco and BayanTel, among others, said it defaulted on the interest payment for its LTCPs yesterday, the fourth time it did so this year.


Since it announced a Balance Sheet Management Plan to address its heavy debt exposure, BHC has failed to make interest payments for the LTCPs last June 17, July 1 and Sept. 17.


                    [DatePublished] => 2002-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 176580
                    [Title] => Benpres defaults anew on interest payment
                    [Summary] => The Lopez-owned Benpres Holdings Corp. again defaulted on the interest payment for its long term debts, the fourth time the company has failed to do so this year. 


In a letter to the Philippine Stock Exchange, BHC corporate information officer Alexis Paul Dimarucot said the holding firm was not able to make its interest payment last Sept. 17 on the remaining long-term commercial papers (LTCPs) maturing in 2003.


                    [DatePublished] => 2002-09-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 174989
                    [Title] => RP to raise $300-M in 5-year bonds
                    [Summary] => The Arroyo administration is raising $300 million from the issuance of five-year bonds that will be listed at the Luxembourg Stock Exchange to help bankroll its projected budget gap in 2003.
                    [DatePublished] => 2002-09-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 167396
                    [Title] => BSP looks into banks’ exposure in Benpres
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) is looking into the total exposure of the banking sector in the Lopez-owned Benpres Holdings Inc. to determine how large a hit banks would take should the troubled company’s financial condition deteriorate further.


Sources revealed that the central bank was concerned enough to want to find out the magnitude of the crisis that could land on its lap, especially after Benpres defaulted for the second time on the interest payment on its long term commercial papers (LTCPs). 


                    [DatePublished] => 2002-07-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 166850
                    [Title] => Benpres Holdings defaults anew
                    [Summary] => Debt-saddled Benpres Holdings Corp.  (BHC) said yesterday it would not be able to pay interest charges amounting to P19.61 million on its long term commercial papers (LTCPs) which fell due yesterday.


The company had earlier defaulted on its LTCP interest payments last June 17 and on its 7.875-percent Euronotes due last June 19.


In a disclosure to the Philippine Stock Exchange, the Lopez-owned holding firm said that "In lieu of such interest payments Benpres Holdings …From B-1


                    [DatePublished] => 2002-07-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 166956
                    [Title] => Benpres Holdings defaults anew
                    [Summary] => Debt-saddled Benpres Holdings Corp.  (BHC) said yesterday it would not be able to pay interest charges amounting to P19.61 million on its long term commercial papers (LTCPs) which fell due yesterday.


The company had earlier defaulted on its LTCP interest payments last June 17 and on its 7.875-percent Euronotes due last June 19.


In a disclosure to the Philippine Stock Exchange, the Lopez-owned holding firm said that "In lieu of such interest payments Benpres Holdings …From B-1


                    [DatePublished] => 2002-07-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 165306
                    [Title] => Benpres defaults on bond payments
                    [Summary] => Lopez-owned holding firm Benpres Holdings Corp. said yesterday it would renegotiate the terms of interest payments and principal repayments of its long term commercial papers (LTCPs) and Euronote issues following its failure to pay these charges on time.


Benpres corporate secretary Enrique Quiason told the Philippine Stock Exchange that the company was not able to make its interest payments on the LTCPs due last June 17 and will also default on the interest payments of its 7.875-percent Euronotes due yesterday.


                    [DatePublished] => 2002-06-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

LUXEMBOURG STOCK EXCHANGE

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 240162
                    [Title] => MRT-3’s asset-backed securities still under review by Philratings
                    [Summary] => The Philippine Ratings Services Corp. (Philratings) said its PRS Aa rating for MRT III Funding Corp. Ltd.’s asset-backed securities (ABS) remains under "continuing review."


Philratings said the review was due to the fact that no settlement or restructuring has yet been finalized and announced with respect to the $21 million past due maintenance fees payable to Sumitomo Corp. of Japan.


                    [DatePublished] => 2004-02-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 178361
                    [Title] => Benpres defaults anew on interest payment on LTCPs
                    [Summary] => Benpres Holdings Corp. (BHC) said yesterday it failed anew to pay on schedule the interest payment for its long-term commercial papers (LTCPs).


The Lopez-owned holding company, the parent firm of ABS-CBN Broadcasting Corp., First Philippine Holdings, Meralco and BayanTel, among others, said it defaulted on the interest payment for its LTCPs yesterday, the fourth time it did so this year.


Since it announced a Balance Sheet Management Plan to address its heavy debt exposure, BHC has failed to make interest payments for the LTCPs last June 17, July 1 and Sept. 17.


                    [DatePublished] => 2002-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 176580
                    [Title] => Benpres defaults anew on interest payment
                    [Summary] => The Lopez-owned Benpres Holdings Corp. again defaulted on the interest payment for its long term debts, the fourth time the company has failed to do so this year. 


In a letter to the Philippine Stock Exchange, BHC corporate information officer Alexis Paul Dimarucot said the holding firm was not able to make its interest payment last Sept. 17 on the remaining long-term commercial papers (LTCPs) maturing in 2003.


                    [DatePublished] => 2002-09-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 174989
                    [Title] => RP to raise $300-M in 5-year bonds
                    [Summary] => The Arroyo administration is raising $300 million from the issuance of five-year bonds that will be listed at the Luxembourg Stock Exchange to help bankroll its projected budget gap in 2003.
                    [DatePublished] => 2002-09-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 167396
                    [Title] => BSP looks into banks’ exposure in Benpres
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) is looking into the total exposure of the banking sector in the Lopez-owned Benpres Holdings Inc. to determine how large a hit banks would take should the troubled company’s financial condition deteriorate further.


Sources revealed that the central bank was concerned enough to want to find out the magnitude of the crisis that could land on its lap, especially after Benpres defaulted for the second time on the interest payment on its long term commercial papers (LTCPs). 


                    [DatePublished] => 2002-07-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 166850
                    [Title] => Benpres Holdings defaults anew
                    [Summary] => Debt-saddled Benpres Holdings Corp.  (BHC) said yesterday it would not be able to pay interest charges amounting to P19.61 million on its long term commercial papers (LTCPs) which fell due yesterday.


The company had earlier defaulted on its LTCP interest payments last June 17 and on its 7.875-percent Euronotes due last June 19.


In a disclosure to the Philippine Stock Exchange, the Lopez-owned holding firm said that "In lieu of such interest payments Benpres Holdings …From B-1


                    [DatePublished] => 2002-07-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 166956
                    [Title] => Benpres Holdings defaults anew
                    [Summary] => Debt-saddled Benpres Holdings Corp.  (BHC) said yesterday it would not be able to pay interest charges amounting to P19.61 million on its long term commercial papers (LTCPs) which fell due yesterday.


The company had earlier defaulted on its LTCP interest payments last June 17 and on its 7.875-percent Euronotes due last June 19.


In a disclosure to the Philippine Stock Exchange, the Lopez-owned holding firm said that "In lieu of such interest payments Benpres Holdings …From B-1


                    [DatePublished] => 2002-07-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 165306
                    [Title] => Benpres defaults on bond payments
                    [Summary] => Lopez-owned holding firm Benpres Holdings Corp. said yesterday it would renegotiate the terms of interest payments and principal repayments of its long term commercial papers (LTCPs) and Euronote issues following its failure to pay these charges on time.


Benpres corporate secretary Enrique Quiason told the Philippine Stock Exchange that the company was not able to make its interest payments on the LTCPs due last June 17 and will also default on the interest payments of its 7.875-percent Euronotes due yesterday.


                    [DatePublished] => 2002-06-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest