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                    [Title] => Piatco has hidden direct government guarantees, says lawyer
                    [Summary] => The government’s decision to pay the Philippine International Air Terminals Co.’s (Piatco’s) debts in case of a loan default is, "by whatever name, a prohibited direct government guarantee," companies providing ground services at the Ninoy Aquino International Airport have charged.


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MACROASIA-MENZIES AIRPORT SERVICES CORP

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                    [Title] => Piatco has hidden direct government guarantees, says lawyer
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abtest

Piatco has hidden direct government guarantees, says lawyer

January 25, 2003 - 12:00am

The government’s decision to pay the Philippine International Air Terminals Co.’s (Piatco’s) debts in case of a loan default is, "by whatever name, a prohibited direct government guarantee,"...

Business