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                    [ArticleID] => 395172
                    [Title] => Index tumbles as investors take profits on rate concerns
                    [Summary] => 


Share prices closed 0.69 percent lower yesterday as investors took profits on the eve of a central bank policy meeting, dealers said.


They said some analysts expect the central bank to leave its key interest rates steady, as concerns about rapid growth in money supply would likely overshadow benign inflation and a strong peso.


But they also see a possibility that the central bank would eventually adopt measures to siphon off excess liquidity by tightening money policy.


                    [DatePublished] => 2007-04-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 394320
                    [Title] => PhilNaRe sets IPO  price at P3.80/share
                    [Summary] => The second company to go public this year, next to Pacific Online, is the National Reinsurance Corporation of the Philippines pegging its initial offering at P3.80 per share.

                    [DatePublished] => 2007-04-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1500005
                    [AuthorName] => Maritess A. Rulona
                    [SectionName] => Freeman Cebu Business
                    [SectionUrl] => cebu-business
                    [URL] => 
                )

            [2] => Array
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                    [ArticleID] => 392489
                    [Title] => SEC okays National Re IPO
                    [Summary] => 





The Securities and Exchange Commission has approved the planned initial public offering (IPO) of National Reinsurance Corp. of the Philippines estimated to raise between P2.14 billion and P2.95 billion.


National Reinsurance is offering a total of 638 million common shares, accounting for 30.7 percent of its issued and outstanding capital stock, at a price ranging from P3.36 to P4.62 each share.


The company has set aside 103.9 million shares for the over-allotment option, exercisable within 30 days from the listing date.


                    [DatePublished] => 2007-03-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 387724
                    [Title] => National Reinsurance sets P2.95-B initial public offer
                    [Summary] => 



The National Reinsurance Corp. of the Philippines  filed on Friday its registration statement with the Securities and Exchange Commission for its planned initial public offering (IPO) estimated to raise as much as P2.95 billion.


The offering involves a maximum of 638 million new common shares to be sold at a price ranging from P3.36 to P4.62 each share. The offer shares represent approximately 30.7 percent of National Reinsurance’s issued and outstanding capital stock of 2.08 billion common shares after the offer.  


                    [DatePublished] => 2007-03-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 324423
                    [Title] => SEC approves capital hike of National Reinsurance to P3B
                    [Summary] => The Securities and Exchange Commission (SEC) has approved the increase in capital stock of National Reinsurance Corp. of the Philippines from P1 billion to P3 billion,  paving the way for its merger with Universal Malayan Reinsurance Corp. (UMRE).


Of the increase in capitalization, P1.59 billion has been subscribed and paid.


SEC documents show that National Reinsurance will be the surviving entity with an asset base of P5.5 billion upon completion of the merger.


                    [DatePublished] => 2006-03-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

NATIONAL REINSURANCE

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    [results] => Array
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                    [ArticleID] => 395172
                    [Title] => Index tumbles as investors take profits on rate concerns
                    [Summary] => 


Share prices closed 0.69 percent lower yesterday as investors took profits on the eve of a central bank policy meeting, dealers said.


They said some analysts expect the central bank to leave its key interest rates steady, as concerns about rapid growth in money supply would likely overshadow benign inflation and a strong peso.


But they also see a possibility that the central bank would eventually adopt measures to siphon off excess liquidity by tightening money policy.


                    [DatePublished] => 2007-04-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 394320
                    [Title] => PhilNaRe sets IPO  price at P3.80/share
                    [Summary] => The second company to go public this year, next to Pacific Online, is the National Reinsurance Corporation of the Philippines pegging its initial offering at P3.80 per share.

                    [DatePublished] => 2007-04-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1500005
                    [AuthorName] => Maritess A. Rulona
                    [SectionName] => Freeman Cebu Business
                    [SectionUrl] => cebu-business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 392489
                    [Title] => SEC okays National Re IPO
                    [Summary] => 





The Securities and Exchange Commission has approved the planned initial public offering (IPO) of National Reinsurance Corp. of the Philippines estimated to raise between P2.14 billion and P2.95 billion.


National Reinsurance is offering a total of 638 million common shares, accounting for 30.7 percent of its issued and outstanding capital stock, at a price ranging from P3.36 to P4.62 each share.


The company has set aside 103.9 million shares for the over-allotment option, exercisable within 30 days from the listing date.


                    [DatePublished] => 2007-03-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 387724
                    [Title] => National Reinsurance sets P2.95-B initial public offer
                    [Summary] => 



The National Reinsurance Corp. of the Philippines  filed on Friday its registration statement with the Securities and Exchange Commission for its planned initial public offering (IPO) estimated to raise as much as P2.95 billion.


The offering involves a maximum of 638 million new common shares to be sold at a price ranging from P3.36 to P4.62 each share. The offer shares represent approximately 30.7 percent of National Reinsurance’s issued and outstanding capital stock of 2.08 billion common shares after the offer.  


                    [DatePublished] => 2007-03-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 324423
                    [Title] => SEC approves capital hike of National Reinsurance to P3B
                    [Summary] => The Securities and Exchange Commission (SEC) has approved the increase in capital stock of National Reinsurance Corp. of the Philippines from P1 billion to P3 billion,  paving the way for its merger with Universal Malayan Reinsurance Corp. (UMRE).


Of the increase in capitalization, P1.59 billion has been subscribed and paid.


SEC documents show that National Reinsurance will be the surviving entity with an asset base of P5.5 billion upon completion of the merger.


                    [DatePublished] => 2006-03-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Index tumbles as investors take profits on rate concerns

April 19, 2007 - 12:00am

Share prices closed 0.69 percent lower yesterday as investors took profits on the eve of a central bank policy meeting, dealers said. They said some analysts expect the central bank to leave its key interest...

Business

PhilNaRe sets IPO price at P3.80/share

By Maritess A. Rulona | April 13, 2007 - 12:00am

The second company to go public this year, next to Pacific Online, is the National Reinsurance Corporation of the Philippines pegging its initial offering at P3.80 per share.

Freeman Cebu Business

SEC okays National Re IPO

By Zinnia B. Dela Peña | March 31, 2007 - 12:00am

The Securities and Exchange Commission has approved the planned initial public offering (IPO) of National Reinsurance Corp. of the Philippines estimated to raise between P2.14 billion and P2.95 billion. National...

Business

National Reinsurance sets P2.95-B initial public offer

By Zinnia B. Dela Peña | March 4, 2007 - 12:00am

The National Reinsurance Corp. of the Philippines filed on Friday its registration statement with the Securities and Exchange Commission for its planned initial public offering (IPO) estimated to raise as...

Business

SEC approves capital hike of National Reinsurance to P3B

By Zinnia B. Dela Peña | March 5, 2006 - 12:00am

The Securities and Exchange Commission (SEC) has approved the increase in capital stock of National Reinsurance Corp. of the Philippines from P1 billion to P3 billion, paving the way for its merger with Universal...

Business