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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 96990 [Title] => PDIC nixes PNB bid to convert loan to equity [Summary] => The Philippine Deposit Insurance Corp. (PDIC) has rejected the proposal of the Philippine National Bank (PNB) to convert into equity its P10-billion loan from the state-owned insurance firm.
PDIC president Norberto Nazareno said the state-owned insurance firm cannot accept the proposal since its charter does not allow it to directly have stakes in banks and it still has to consult with the Department of Budget and Management on whether government can absorb the loan.
[DatePublished] => 2001-02-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 96687 [Title] => PNB proposes scheme to settle part of P10-B emergency loan from PDIC [Summary] => The Philippine National Bank (PNB) wants to settle a portion of its P10-billion emergency loan from the Philippine Deposit Insurance Corp. (PDIC) through an off-selling scheme.
The scheme being proposed calls for the bank to merely transfer to the PDIC an estimated P9 billion in so-called sub-performing loans or bad accounts it had incurred by lending to the national government when the state still owned the bank.
[DatePublished] => 2001-01-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
NATIONAL SUGAR TRADING CORP
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 96990 [Title] => PDIC nixes PNB bid to convert loan to equity [Summary] => The Philippine Deposit Insurance Corp. (PDIC) has rejected the proposal of the Philippine National Bank (PNB) to convert into equity its P10-billion loan from the state-owned insurance firm.
PDIC president Norberto Nazareno said the state-owned insurance firm cannot accept the proposal since its charter does not allow it to directly have stakes in banks and it still has to consult with the Department of Budget and Management on whether government can absorb the loan.
[DatePublished] => 2001-02-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 96687 [Title] => PNB proposes scheme to settle part of P10-B emergency loan from PDIC [Summary] => The Philippine National Bank (PNB) wants to settle a portion of its P10-billion emergency loan from the Philippine Deposit Insurance Corp. (PDIC) through an off-selling scheme.
The scheme being proposed calls for the bank to merely transfer to the PDIC an estimated P9 billion in so-called sub-performing loans or bad accounts it had incurred by lending to the national government when the state still owned the bank.
[DatePublished] => 2001-01-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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February 9, 2001 - 12:00am
January 8, 2001 - 12:00am
Recommended
A businessman, tagged as a suspect in the shooting of three people in Calapan City, including the assistant Land Transportation Office district chief, surrendered to the National Bureau of Investigation in Oriental Mindoro yesterday.
14 hours ago
Sen. Sherwin Gatchalian yesterday belied reports that he was involved in the illegal entry of a Cadillac Escalade at the Edsa bus lane on Sunday night.
1 day ago
A heated argument over a routine Land Transport Office checkpoint inspection led to the shooting of the LTO assistant district chief in Calapan, Oriental Mindoro and two businessmen, one of whom succumbed to a gunshot wound.
1 day ago
Describing himself as a law-abiding public servant, Sen. Sherwin Gatchalian broke his silence yesterday about the involvement of his family in the Cadillac vehicle with a Senate protocol plate that illegally entered the EDSA busway.
2 days ago
The luxury vehicle bearing the Senate protocol plate “7” that was flagged down along the EDSA bus lane is a vehicle registered with the Gatchalians, according to the Land Transportation Office.
3 days ago
Lotto Nov 9, 2024
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February 12, 2018
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