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                    [ArticleID] => 342701
                    [Title] => Ramcar trims debt to P500M, climbs out of receivership
                    [Summary] => The Ramcar Group, a manufacturer of a local line of batteries including Motolite and Oriental, is now out of receivership following the successful implementation of a court-approved rehabilitation program which resulted in the reduction of its debt to less than P500 million from a high of P7.6 billion in 2001.


A local court issued an order terminating rehabilitation proceedings after the terms of the second amended rehabilitation plan, as approved on August 23, 2003, were fully and successfully implemented by the Ramcar Group and its creditors. 


                    [DatePublished] => 2006-06-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 153608
                    [Title] => UCPB forms own AMC
                    [Summary] => Despite foreseen changes in the management composition of the United Coconut Planters Bank (UCPB), the bank expanded its asset management group into a division to handle its millions of pesos in bad debts.


Bank sources said that the banks non-performing assets (NPAs) remained over 18 percent last year similar to the industry level. In 1999, it was in the vicinity of 14 percent and increased to 18 percent in 2000.


                    [DatePublished] => 2002-03-12 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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                    [ArticleID] => 152620
                    [Title] => UCPB eyes development of P10-B idle assets
                    [Summary] => The United Coconut Planters Bank (UCPB) is setting up a land bank for its foreclosed assets with a view to developing these properties valued at least P10 billion "to realize gains." 


UCPB asset management group head Andrew D. Alcid said the bank intends to capitalize on its foreclosed properties by either developing them or via joint-venture arrangements with property developers.


                    [DatePublished] => 2002-03-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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RAMCAR GROUP

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    [results] => Array
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                    [ArticleID] => 342701
                    [Title] => Ramcar trims debt to P500M, climbs out of receivership
                    [Summary] => The Ramcar Group, a manufacturer of a local line of batteries including Motolite and Oriental, is now out of receivership following the successful implementation of a court-approved rehabilitation program which resulted in the reduction of its debt to less than P500 million from a high of P7.6 billion in 2001.


A local court issued an order terminating rehabilitation proceedings after the terms of the second amended rehabilitation plan, as approved on August 23, 2003, were fully and successfully implemented by the Ramcar Group and its creditors. 


                    [DatePublished] => 2006-06-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 153608
                    [Title] => UCPB forms own AMC
                    [Summary] => Despite foreseen changes in the management composition of the United Coconut Planters Bank (UCPB), the bank expanded its asset management group into a division to handle its millions of pesos in bad debts.


Bank sources said that the banks non-performing assets (NPAs) remained over 18 percent last year similar to the industry level. In 1999, it was in the vicinity of 14 percent and increased to 18 percent in 2000.


                    [DatePublished] => 2002-03-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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                    [ArticleID] => 152620
                    [Title] => UCPB eyes development of P10-B idle assets
                    [Summary] => The United Coconut Planters Bank (UCPB) is setting up a land bank for its foreclosed assets with a view to developing these properties valued at least P10 billion "to realize gains." 


UCPB asset management group head Andrew D. Alcid said the bank intends to capitalize on its foreclosed properties by either developing them or via joint-venture arrangements with property developers.


                    [DatePublished] => 2002-03-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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abtest

Ramcar trims debt to P500M, climbs out of receivership

By Zinnia B. Dela Peña | June 19, 2006 - 12:00am

The Ramcar Group, a manufacturer of a local line of batteries including Motolite and Oriental, is now out of receivership following the successful implementation of a court-approved rehabilitation program which resulted...

Business

UCPB forms own AMC

March 12, 2002 - 12:00am

Despite foreseen changes in the management composition of the United Coconut Planters Bank (UCPB), the bank expanded its asset management group into a division to handle its millions of pesos in bad debts. Bank...

Banking

UCPB eyes development of P10-B idle assets

By Ted P. Torres | March 4, 2002 - 12:00am

The United Coconut Planters Bank (UCPB) is setting up a land bank for its foreclosed assets with a view to developing these properties valued at least P10 billion "to realize gains." UCPB asset management...

Business