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                    [ArticleID] => 155105
                    [Title] => ADB airs concern over ability of PSALM to assume Napocor debts
                    [Summary] => The Asian Development Bank (ADB) has expressed concern over the ability of the Power Sector Assets Liabilities Management Corp. (PSALM) to assume the debt liabilities of the National Power Corp. (Napocor).


"The PSALM has a limited mandate," Richard S. Ondrik, ADB chief country officer for the Philippines country office (PhCO), said.


Ondrik said they are not against the plan of the PSALM to assume all the debts of Napocor including those made with the ADB and other official development assistance (ODA) loans.


                    [DatePublished] => 2002-03-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 154879
                    [Title] => ADB likely to grant Meralco waiver request
                    [Summary] => The Asian Development Bank (ADB) is likely to grant the waiver being sought by the Manila Electric Co. (Meralco) on certain conditions attached to a $100-million loan which includes a $100-million counterpart funding from the World Bank.


"The decision on the waiver will most likely be released after Easter," said Richard S. Ondrik, ADB chief country officer of the Philippines country office.


                    [DatePublished] => 2002-03-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 154739
                    [Title] => RP’s ODA availment record poor
                    [Summary] => The Philippines has retained its unsavory reputation of having one of the poorest official development assistance (ODA) availment records with the Asian Development Bank (ADB).


In terms of project loans, the Philippines registered a dismal 12-percent availment ratio compared to an average 20.5 percent for the region last year. In 2000, the country registered its worst year in terms of ODA disbursements with a dismal eight percent availment record for both project loans and overall lending.


                    [DatePublished] => 2002-03-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

ONDRIK

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    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 155105
                    [Title] => ADB airs concern over ability of PSALM to assume Napocor debts
                    [Summary] => The Asian Development Bank (ADB) has expressed concern over the ability of the Power Sector Assets Liabilities Management Corp. (PSALM) to assume the debt liabilities of the National Power Corp. (Napocor).


"The PSALM has a limited mandate," Richard S. Ondrik, ADB chief country officer for the Philippines country office (PhCO), said.


Ondrik said they are not against the plan of the PSALM to assume all the debts of Napocor including those made with the ADB and other official development assistance (ODA) loans.


                    [DatePublished] => 2002-03-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 154879
                    [Title] => ADB likely to grant Meralco waiver request
                    [Summary] => The Asian Development Bank (ADB) is likely to grant the waiver being sought by the Manila Electric Co. (Meralco) on certain conditions attached to a $100-million loan which includes a $100-million counterpart funding from the World Bank.


"The decision on the waiver will most likely be released after Easter," said Richard S. Ondrik, ADB chief country officer of the Philippines country office.


                    [DatePublished] => 2002-03-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 154739
                    [Title] => RP’s ODA availment record poor
                    [Summary] => The Philippines has retained its unsavory reputation of having one of the poorest official development assistance (ODA) availment records with the Asian Development Bank (ADB).


In terms of project loans, the Philippines registered a dismal 12-percent availment ratio compared to an average 20.5 percent for the region last year. In 2000, the country registered its worst year in terms of ODA disbursements with a dismal eight percent availment record for both project loans and overall lending.


                    [DatePublished] => 2002-03-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

ADB airs concern over ability of PSALM to assume Napocor debts

March 25, 2002 - 12:00am

The Asian Development Bank (ADB) has expressed concern over the ability of the Power Sector Assets Liabilities Management Corp. (PSALM) to assume the debt liabilities of the National Power Corp. (Napocor). "The...

Business

ADB likely to grant Meralco waiver request

March 23, 2002 - 12:00am

The Asian Development Bank (ADB) is likely to grant the waiver being sought by the Manila Electric Co. (Meralco) on certain conditions attached to a $100-million loan which includes a $100-million counterpart funding...

Business

RP’s ODA availment record poor

By Ted P. Torres | March 22, 2002 - 12:00am

The Philippines has retained its unsavory reputation of having one of the poorest official development assistance (ODA) availment records with the Asian Development Bank (ADB). In terms of project loans, the Philippines...

Business