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                    [ArticleID] => 166043
                    [Title] => PNB to exercise put option in PAL
                    [Summary] => The Philippine National Bank (PNB) has decided to exercise its put option in Philippine Airlines (PAL) for which it expects to raise P254 million.


"We have sent our demand letter stating our position," PNB president Lorenzo V. Tan said. "The next step is to demand from its guarantors payment of P254 million.


                    [DatePublished] => 2002-06-26 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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                    [ArticleID] => 162766
                    [Title] => DBP to treat put option in PAL like any other loan
                    [Summary] => The Development Bank of the Philippines (DBP) said it would treat its put option in the Philippine Airlines (PAL) "like any commercial issue."


In a press briefing yesterday, newly-installed DBP president and chief executive officer Simon R. Paterno said "it is a commercial matter where a bank needs the money from a commercial loan."


                    [DatePublished] => 2002-05-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 162026
                    [Title] => GSIS nixes PAL bid to defer put option by five years
                    [Summary] => The Government Service Insurance System (GSIS) has rejected the request of the Philippine Airlines (PAL) to postpone by another five years the implementation of its put option agreement.


The GSIS said it will give PAL up to July to implement the agreement. "If they do not we will be forced to go court," said GSIS president and general manager Winston Garcia during a press briefing.


                    [DatePublished] => 2002-05-24 00:00:00
                    [ColumnID] => 133272
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MAXELL HOLDINGS

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                    [ArticleID] => 166043
                    [Title] => PNB to exercise put option in PAL
                    [Summary] => The Philippine National Bank (PNB) has decided to exercise its put option in Philippine Airlines (PAL) for which it expects to raise P254 million.


"We have sent our demand letter stating our position," PNB president Lorenzo V. Tan said. "The next step is to demand from its guarantors payment of P254 million.


                    [DatePublished] => 2002-06-26 00:00:00
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                (
                    [ArticleID] => 162766
                    [Title] => DBP to treat put option in PAL like any other loan
                    [Summary] => The Development Bank of the Philippines (DBP) said it would treat its put option in the Philippine Airlines (PAL) "like any commercial issue."


In a press briefing yesterday, newly-installed DBP president and chief executive officer Simon R. Paterno said "it is a commercial matter where a bank needs the money from a commercial loan."


                    [DatePublished] => 2002-05-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 162026
                    [Title] => GSIS nixes PAL bid to defer put option by five years
                    [Summary] => The Government Service Insurance System (GSIS) has rejected the request of the Philippine Airlines (PAL) to postpone by another five years the implementation of its put option agreement.


The GSIS said it will give PAL up to July to implement the agreement. "If they do not we will be forced to go court," said GSIS president and general manager Winston Garcia during a press briefing.


                    [DatePublished] => 2002-05-24 00:00:00
                    [ColumnID] => 133272
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abtest

PNB to exercise put option in PAL

June 26, 2002 - 12:00am

The Philippine National Bank (PNB) has decided to exercise its put option in Philippine Airlines (PAL) for which it expects to raise P254 million. "We have sent our demand letter stating our position,"...

Business

DBP to treat put option in PAL like any other loan

By Ted P. Torres | May 30, 2002 - 12:00am

The Development Bank of the Philippines (DBP) said it would treat its put option in the Philippine Airlines (PAL) "like any commercial issue." In a press briefing yesterday, newly-installed DBP president...

Business

GSIS nixes PAL bid to defer put option by five years

May 24, 2002 - 12:00am

The Government Service Insurance System (GSIS) has rejected the request of the Philippine Airlines (PAL) to postpone by another five years the implementation of its put option agreement. The GSIS said it will give...

Business