Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 434316
                    [Title] => Call for bailout package for displaced workers gains support
                    [Summary] => 
MANILA, Philippines - The call for the giving out of monthly allowance and other assistance for the growing number of displaced workers nationwide has gained more support.
                    [DatePublished] => 2009-01-25 17:00:06
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097338
                    [AuthorName] =>  Mayen Jaymalin
                    [SectionName] => 
                    [SectionUrl] => 
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 326708
                    [Title] => Realty tax seminar
                    [Summary] => Atty. Victorino Mamalateo, former deputy commissioner of the Bureau of Internal Revenue (BIR) and senior partner, VC Mamalateo & Associates, will speak at the real estate taxation seminar of the Chamber of Real Estate and Builders Associations on March 28 at 9 a.m. to 5 p.m. 


It will be held at the amphitheater, Ateneo de Manila Professional Schools, Rockwell Drive, Rockwell Center, Makati City.


CREBA vice president Techie Bautista, head of the CREBA Institute, said the seminar is a major component of CREBA’s certificates program under the institute.


                    [DatePublished] => 2006-03-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Real Estate
                    [SectionUrl] => real-estate
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 320766
                    [Title] => Senate close to passing bill extending SPAV
                    [Summary] => The Senate has scheduled for floor deliberations the proposal to extend the coverage of Republic Act No. 9182 or the Special Purpose Asset Vehicle (SPAV) Act. 


Sen. Ralph Recto, chairman of the Senate ways and means committee, has submitted the report for plenary debates which recommended an 18-month extension of the period for the establishment and registration of SPAVs.


The committee also recommended an extension for two years the transfer of non-performing assets of banks and financial institutions to the SPAVs without changing the existing fiscal incentives.


                    [DatePublished] => 2006-02-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 319352
                    [Title] => SPV law extension to pave way for disposal of P200-B bad assets
                    [Summary] => About P200 billion worth of non-performing assets (NPAs) is expected to be disposed off once the Special Purpose Asset Vehicle (SPV) law is extended, a real estate investment consultant said.


Jojo Salas, director of investment properties and capital markets of CB Richard Ellis Philippines Inc., said of this amount, 60 to 70 percent will comprise of non-performing loans (NPLs) while the balance will come from ROPOAs (real and other property owned or acquired).


                    [DatePublished] => 2006-01-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 309144
                    [Title] => SPAV law spurs sale of P97B in non-performing assets by banks
                    [Summary] => Commercial banks have sold a combined P97 billion in non-performing assets to local and foreign institutions through the use of special purpose vehicles (SPVs), bringing down the industry’s NPL ratio to 9.1 percent, its lowest level since May 1998.


Jojo Salas, Director of Investment Properties & Capital Markets of CB Richard Ellis Philippines Inc., said the latest NPL ratio is 50 percent lower than its historical high of over 18 percent in 2002. 


                    [DatePublished] => 2005-11-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 259504
                    [Title] => BPI profit up 32% to P3.5B in first semester
                    [Summary] => The  Bank of  the Philippine Islands (BPI) posted a strong revenue growth in the first semester, pushing its net income 32 percent higher to P3.5 billion, from P2.6 billion during the same period in 2003. 


In a disclosure to the Philippine Stock Exchange (PSE), the country’s second biggest bank said that aside from higher revenues, its net interest income was up 23 percent due to improved spreads. 


                    [DatePublished] => 2004-07-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 217506
                    [Title] => PNB names Ernst & Young as financial advisor
                    [Summary] => The asset management group of the Philippine National Bank announced the recent appointment for Ernst & Young Asia Pacific Financial Solutions LLC as its financial advisor in the development and implementation of a comprehensive strategy for its non-performing assets (NPAs) consisting of non-performing loans and acquired assets.


Under the engagement, Ernst & Young will assist the bank in the segmentation of its NPA portfolio into asset pools so that appropriate disposition strategies may be adopted for each asset category.


                    [DatePublished] => 2003-08-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 204551
                    [Title] => Japan’s Nomura Securities urged to reinvest in RP
                    [Summary] => Socioeconomic Planning Secretary Romulo Neri urged officials of one of Japan’s biggest investment firms to reinvest in the country and avail themselves of the infrastructure the Arroyo administration has put in place to support their investment initiatives.


Speaking before officials of the Nomura Securities during his recent visit to Japan, Neri announced the achievements that the Arroyo administration has put in place to reduce the cost and risk of doing business in the country.


                    [DatePublished] => 2003-05-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 192752
                    [Title] => Banks’ NPL ratio eases in November
                    [Summary] => Bad loans of commercial banks (KBs) continued to decline in November last year, easing from 16.36 percent in October to 16.27 percent as banks held on to their portfolios ...
                    [DatePublished] => 2003-01-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 191688
                    [Title] => DOF reviewing tax rules affecting banking system
                    [Summary] => The Department of Finance (DOF) is reviewing all tax regulations affecting the country’s banking and financial system. The review is expected to be completed by the end of this month.


Finance Secretary Jose Isidro Camacho, said they have been holding discussions with and receiving recommendations from representatives of the Bankers Association of the Philippines (BAP) and other private financial institutions. 


                    [DatePublished] => 2003-01-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

SPECIAL PURPOSE ASSET VEHICLE

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 434316
                    [Title] => Call for bailout package for displaced workers gains support
                    [Summary] => 
MANILA, Philippines - The call for the giving out of monthly allowance and other assistance for the growing number of displaced workers nationwide has gained more support.
                    [DatePublished] => 2009-01-25 17:00:06
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097338
                    [AuthorName] =>  Mayen Jaymalin
                    [SectionName] => 
                    [SectionUrl] => 
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 326708
                    [Title] => Realty tax seminar
                    [Summary] => Atty. Victorino Mamalateo, former deputy commissioner of the Bureau of Internal Revenue (BIR) and senior partner, VC Mamalateo & Associates, will speak at the real estate taxation seminar of the Chamber of Real Estate and Builders Associations on March 28 at 9 a.m. to 5 p.m. 


It will be held at the amphitheater, Ateneo de Manila Professional Schools, Rockwell Drive, Rockwell Center, Makati City.


CREBA vice president Techie Bautista, head of the CREBA Institute, said the seminar is a major component of CREBA’s certificates program under the institute.


                    [DatePublished] => 2006-03-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Real Estate
                    [SectionUrl] => real-estate
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 320766
                    [Title] => Senate close to passing bill extending SPAV
                    [Summary] => The Senate has scheduled for floor deliberations the proposal to extend the coverage of Republic Act No. 9182 or the Special Purpose Asset Vehicle (SPAV) Act. 


Sen. Ralph Recto, chairman of the Senate ways and means committee, has submitted the report for plenary debates which recommended an 18-month extension of the period for the establishment and registration of SPAVs.


The committee also recommended an extension for two years the transfer of non-performing assets of banks and financial institutions to the SPAVs without changing the existing fiscal incentives.


                    [DatePublished] => 2006-02-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 319352
                    [Title] => SPV law extension to pave way for disposal of P200-B bad assets
                    [Summary] => About P200 billion worth of non-performing assets (NPAs) is expected to be disposed off once the Special Purpose Asset Vehicle (SPV) law is extended, a real estate investment consultant said.


Jojo Salas, director of investment properties and capital markets of CB Richard Ellis Philippines Inc., said of this amount, 60 to 70 percent will comprise of non-performing loans (NPLs) while the balance will come from ROPOAs (real and other property owned or acquired).


                    [DatePublished] => 2006-01-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 309144
                    [Title] => SPAV law spurs sale of P97B in non-performing assets by banks
                    [Summary] => Commercial banks have sold a combined P97 billion in non-performing assets to local and foreign institutions through the use of special purpose vehicles (SPVs), bringing down the industry’s NPL ratio to 9.1 percent, its lowest level since May 1998.


Jojo Salas, Director of Investment Properties & Capital Markets of CB Richard Ellis Philippines Inc., said the latest NPL ratio is 50 percent lower than its historical high of over 18 percent in 2002. 


                    [DatePublished] => 2005-11-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 259504
                    [Title] => BPI profit up 32% to P3.5B in first semester
                    [Summary] => The  Bank of  the Philippine Islands (BPI) posted a strong revenue growth in the first semester, pushing its net income 32 percent higher to P3.5 billion, from P2.6 billion during the same period in 2003. 


In a disclosure to the Philippine Stock Exchange (PSE), the country’s second biggest bank said that aside from higher revenues, its net interest income was up 23 percent due to improved spreads. 


                    [DatePublished] => 2004-07-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 217506
                    [Title] => PNB names Ernst & Young as financial advisor
                    [Summary] => The asset management group of the Philippine National Bank announced the recent appointment for Ernst & Young Asia Pacific Financial Solutions LLC as its financial advisor in the development and implementation of a comprehensive strategy for its non-performing assets (NPAs) consisting of non-performing loans and acquired assets.


Under the engagement, Ernst & Young will assist the bank in the segmentation of its NPA portfolio into asset pools so that appropriate disposition strategies may be adopted for each asset category.


                    [DatePublished] => 2003-08-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 204551
                    [Title] => Japan’s Nomura Securities urged to reinvest in RP
                    [Summary] => Socioeconomic Planning Secretary Romulo Neri urged officials of one of Japan’s biggest investment firms to reinvest in the country and avail themselves of the infrastructure the Arroyo administration has put in place to support their investment initiatives.


Speaking before officials of the Nomura Securities during his recent visit to Japan, Neri announced the achievements that the Arroyo administration has put in place to reduce the cost and risk of doing business in the country.


                    [DatePublished] => 2003-05-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 192752
                    [Title] => Banks’ NPL ratio eases in November
                    [Summary] => Bad loans of commercial banks (KBs) continued to decline in November last year, easing from 16.36 percent in October to 16.27 percent as banks held on to their portfolios ...
                    [DatePublished] => 2003-01-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 191688
                    [Title] => DOF reviewing tax rules affecting banking system
                    [Summary] => The Department of Finance (DOF) is reviewing all tax regulations affecting the country’s banking and financial system. The review is expected to be completed by the end of this month.


Finance Secretary Jose Isidro Camacho, said they have been holding discussions with and receiving recommendations from representatives of the Bankers Association of the Philippines (BAP) and other private financial institutions. 


                    [DatePublished] => 2003-01-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest