Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 161126
                    [Title] => Metrobank, Lehman Bros. form AMC
                    [Summary] => Metropolitan Bank and Trust Co. (MBTC) has taken P15 billion out of its non-performing loans in a deal with the US investment bank Lehman Brothers. The Bangko Sentral ng Pilipinas (BSP) has directed the bank to discuss the details of the transaction.


A top Monetary Board official told reporters that the board wants to know the particulars of the transaction for disclosure purposes. According to the official, the BSP has asked MBTC to submit a copy of the memorandum of agreement it signed with Lehman Bros.


                    [DatePublished] => 2002-05-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 146465
                    [Title] => Legarda urges GMA to certify bill on buyout of banks’ bad loans
                    [Summary] => Senate Majority Leader Loren Legarda urged Malacañang yesterday to quickly certify a bill that would allow independent asset management companies (AMCs) to buy the mounting bad loans of local banks.


Legarda made the call not long after three global investments houses and the World Bank’s International Finance Corp. (IFC) expressed their desire to acquire the non-performing loans (NPLs) of local banks.


                    [DatePublished] => 2002-01-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 145876
                    [Title] => RP draws up laws for foreign investors to buy up bad loans
                    [Summary] => The Philippines is preparing a set of laws to pave the way for foreign investors to buy up ballooning bad loans at local banks, the central bank said yesterday. 


Among those that have expressed interest in buying up the non-performing loans (NPLs) of Philippine banks are US investment house Lehman Brothers Holdings Inc. and the World Bank’s International Finance Corp. (IFC). 


Lehman Brothers has reportedly pledged to invest $1 billion in such a venture. 


                    [DatePublished] => 2002-01-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 129053
                    [Title] => Absentee voting law pushed
                    [Summary] => Speaker Jose de Venecia Jr. said yesterday he and Senate President Franklin Drilon will push for the passage of a bill allowing overseas Filipinos to vote in Philippine elections.


On the second day of a two-day visit to Honolulu, Hawaii, De Venecia told a group of Filipinos that "overseas Filipinos, especially contract workers, can make a big difference in the choice of our national leaders."


                    [DatePublished] => 2001-08-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 128919
                    [Title] => De Venecia proposes $500-M fund for RP economic recovery
                    [Summary] => HONOLULU — Speaker Jose de Venecia proposed here yesterday a two-tranche $500-million Philippine Recovery Fund for presentation to the Asian Development Bank, the Philippine government and international fund managers and investors that would act as catalyst of the country’s economic recovery.


                    [DatePublished] => 2001-08-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

        )

)

PHILIPPINE RECOVERY FUND

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 161126
                    [Title] => Metrobank, Lehman Bros. form AMC
                    [Summary] => Metropolitan Bank and Trust Co. (MBTC) has taken P15 billion out of its non-performing loans in a deal with the US investment bank Lehman Brothers. The Bangko Sentral ng Pilipinas (BSP) has directed the bank to discuss the details of the transaction.


A top Monetary Board official told reporters that the board wants to know the particulars of the transaction for disclosure purposes. According to the official, the BSP has asked MBTC to submit a copy of the memorandum of agreement it signed with Lehman Bros.


                    [DatePublished] => 2002-05-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 146465
                    [Title] => Legarda urges GMA to certify bill on buyout of banks’ bad loans
                    [Summary] => Senate Majority Leader Loren Legarda urged Malacañang yesterday to quickly certify a bill that would allow independent asset management companies (AMCs) to buy the mounting bad loans of local banks.


Legarda made the call not long after three global investments houses and the World Bank’s International Finance Corp. (IFC) expressed their desire to acquire the non-performing loans (NPLs) of local banks.


                    [DatePublished] => 2002-01-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 145876
                    [Title] => RP draws up laws for foreign investors to buy up bad loans
                    [Summary] => The Philippines is preparing a set of laws to pave the way for foreign investors to buy up ballooning bad loans at local banks, the central bank said yesterday. 


Among those that have expressed interest in buying up the non-performing loans (NPLs) of Philippine banks are US investment house Lehman Brothers Holdings Inc. and the World Bank’s International Finance Corp. (IFC). 


Lehman Brothers has reportedly pledged to invest $1 billion in such a venture. 


                    [DatePublished] => 2002-01-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 129053
                    [Title] => Absentee voting law pushed
                    [Summary] => Speaker Jose de Venecia Jr. said yesterday he and Senate President Franklin Drilon will push for the passage of a bill allowing overseas Filipinos to vote in Philippine elections.


On the second day of a two-day visit to Honolulu, Hawaii, De Venecia told a group of Filipinos that "overseas Filipinos, especially contract workers, can make a big difference in the choice of our national leaders."


                    [DatePublished] => 2001-08-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 128919
                    [Title] => De Venecia proposes $500-M fund for RP economic recovery
                    [Summary] => HONOLULU — Speaker Jose de Venecia proposed here yesterday a two-tranche $500-million Philippine Recovery Fund for presentation to the Asian Development Bank, the Philippine government and international fund managers and investors that would act as catalyst of the country’s economic recovery.


                    [DatePublished] => 2001-08-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

        )

)

abtest

Metrobank, Lehman Bros. form AMC

By Des Ferriols | May 17, 2002 - 12:00am

Metropolitan Bank and Trust Co. (MBTC) has taken P15 billion out of its non-performing loans in a deal with the US investment bank Lehman Brothers. The Bangko Sentral ng Pilipinas (BSP) has directed the bank to discuss...

Business

Legarda urges GMA to certify bill on buyout of banks’ bad loans

January 9, 2002 - 12:00am

Senate Majority Leader Loren Legarda urged Malacañang yesterday to quickly certify a bill that would allow independent asset management companies (AMCs) to buy the mounting bad loans of local banks. Legarda...

Business

RP draws up laws for foreign investors to buy up bad loans

January 4, 2002 - 12:00am

The Philippines is preparing a set of laws to pave the way for foreign investors to buy up ballooning bad loans at local banks, the central bank said yesterday. Among those that have expressed interest in buying...

Business

Absentee voting law pushed

August 6, 2001 - 12:00am

Speaker Jose de Venecia Jr. said yesterday he and Senate President Franklin Drilon will push for the passage of a bill allowing overseas Filipinos to vote in Philippine elections. On the second day of a two-day...

Headlines

De Venecia proposes $500-M fund for RP economic recovery

August 5, 2001 - 12:00am

HONOLULU — Speaker Jose de Venecia proposed here yesterday a two-tranche $500-million Philippine Recovery Fund for presentation to the Asian Development Bank, the Philippine government and international fund...

Headlines