+ Follow ALEX POMENTO Tag
ALEX POMENTO
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[ArticleID] => 768686
[Title] => Index climbs to new record high on rate cut speculation
[Summary] => The local stock index rose to a new record high yesterday on expectations the Bangko Sentral ng Pilipinas (BSP) is set to cut interest rates leading to more demand for loans and big purchases.
[DatePublished] => 2012-01-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[1] => Array
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[ArticleID] => 291228
[Title] => Union Bank outbids Tan for PNB stake
[Summary] => The consortium of Union Bank of the Philippines (UBP) and Avenue Asia Group offered the highest bid yesterday at P43.77 per share for the 67-percent stake in the Philippine National Bank (PNB).
The only other bidder was the Lucio Tan Group (LTG) which submitted a lower bid of P43 per share. UBP/Avenue’s bid price is 77 centavos higher than the government’s floor price of P43 per share worth P11 billion.
[DatePublished] => 2005-08-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
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[ArticleID] => 284290
[Title] => Ayala Group mulls investments in power sector
[Summary] => Ayala Corp., one of the country’s largest conglomerates, is eyeing entry into the power business through the possible acquisition of National Power Corp. (Napocor) assets slated for privatization.
"The government is quite interested in getting private capital in the sector," said Ayala Corp. head Jaime Augusto Zobel de Ayala II in an interview. "We are watching to see what would make sense for us."
[DatePublished] => 2005-07-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[3] => Array
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[ArticleID] => 247942
[Title] => ABS-CBN borrows $120M to pay debts, expand cable unit
[Summary] => ABS-CBN Broadcasting Corp. will raise $120 million through borrowing to pay off debts and fund cable operations of subsidiary Sky Vision Corp.
In a disclosure to the Philippine Stock Exchange (PSE), ABS-CBN vice-president and chief financial officer Randolph Estrellado said the company "is in the process of negotiating with a syndicate of private banks to refinance existing debts and fund further investments in cable TV operations."
[DatePublished] => 2004-04-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
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[ArticleID] => 245606
[Title] => Steady earnings to ensure ABS-CBN’s dominance in local broadcast industry
[Summary] => Media giant ABS-CBN Broadcasting Corp. said stable EBITDA margins will ensure its dominance in the highly competitive broadcasting industry.
Following a strong recovery last year, ABS saw its EBITDA (earnings before interest, taxes, depreciation and amortization) growing by 18 percent to P4.29 billion from P3.6 billion in 2002.
EBITDA reflects the company’s ability to generate cash from operating its business units. This cash can be used for paying off debt and for investing in promising new projects.
[DatePublished] => 2004-04-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 186570
[Title] => November inflation seen at 2.9%
[Summary] => The country’s inflation is likely to inched higher in November, pushed up by weaker farm output and fuel price hikes, but economists said the rise was not worrisome.
A Reuters poll of 10 economists produced an average forecast that consumer prices rose 2.91 percent last month compared with November 2001. The inflation rate was 2.7 percent in October.
The estimates ranged from 2.6 to 3.2 percent, depending on how analysts viewed the impact of food prices.
The government is due to release the data on Thursday.
[DatePublished] => 2002-12-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[6] => Array
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[ArticleID] => 171013
[Title] => SMC to post strong H1 results
[Summary] => San Miguel Corp. (SMC), after posting steady improvements in April and May, appears firmly on track in achieving substantially higher second quarter results, helping boost overall performance for the first semester.
An analyst from a reputable foreign house estimates second quarter profit from operations to be no less than P3.5 billion or 25 percent above last year. This will drive first semester earnings before income tax (EBIT) to around P6 billion, or 16 percent higher than the previous year despite the relatively slow first quarter.
[DatePublished] => 2002-08-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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)
abtest
December 4, 2002 - 12:00am
