+ Follow ALL ASIA CAPITAL AND TRUST CORP Tag
ALL ASIA CAPITAL AND TRUST CORP
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[ArticleID] => 193973
[Title] => SEC approves applications of 30 new financing firms
[Summary] => The Securities and Exchange Commission has approved the business registration applications of 30 new financing companies, bringing to 237 the total number of financing firms in the country today.
The 30 corporations applied for a certificate of authority with the SEC during the fourth quarter last year. Of these firms, 21 were formerly lending investors.
[DatePublished] => 2003-02-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
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[ArticleID] => 171255
[Title] => PDIC takes over All Asia Bank
[Summary] => The Philippine Deposit Insurance Corp. has taken over the Mindanao-based All Asia Bank, the thrift bank owned by investment group, All Asia Capital and Trust Corp.
PDIC announced yesterday that it has been directed by the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) to place the bank under receivership after it decided that the thrift bank could not continue operating without incurring probable losses for its depositors.
[DatePublished] => 2002-08-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[2] => Array
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[ArticleID] => 166386
[Title] => IC gives All Asia Life more time to raise its capital
[Summary] => The Insurance Commission (IC) has extended to September the deadline for All Asia Life Assurance Corp. to fill its capital deficiency.
"It is the final extension. If they fail again, we have to enforce the law," said IC Commissioner Eduardo T. Malinis.
The original deadline was set for end June this year. But the insurer sought an extension saying it was waiting for the court to issue what they expect to be a favorable decision involving certain properties, which would be used to fill up its capital deficiency of P123.4 million.
[DatePublished] => 2002-06-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 138205
[Title] => All Asia Life gets more time
[Summary] => All Asia Life Assurance Corp. (All Asia Life) got another lease on life as the Insurance Commission (IC) extended to mid-November its decision on the issuance of a license for the insurance firm.
All Asia Life was reportedly able to submit last week documents covering the remaining P123.4-million capital deficiency. Among these documents are proof of ownership of the property in question, an appraiser’s report, proof of non-encumbrances in tax responsibilities, and others.
[DatePublished] => 2001-10-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 133611
[Title] => All Asia Capital seeks debt relief
[Summary] => All Asia Capital and Trust Corp. (AACTC) has applied for debt relief while the future of its subsidiary – All Asia Life Assurance Corp. (All Asia Life) – hangs in the balance.
AACTC has asked the Makati Regional Trial Court to order a suspension of its payments on its debt amounting to $17 million representing a primary debt from the International Finance Corp. (IFC), the investment arm of the World Bank.
[DatePublished] => 2001-09-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 96191
[Title] => IFC to decide All Asia fate
[Summary] => The International Finance Corp. (IFC), the private investment arm of the World Bank, is expected to come out with a decision soon on whether to liquidate or recapitalize cash-strapped investment house All Asia Capital and Trust Corp.
IFC country manager Vipul Prakash said the IFC is talking to other shareholders of All Asia and re-evaluating the situation before coming up with a consensus to determine the fate of All Asia.
[DatePublished] => 2001-02-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
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[ArticleID] => 98142
[Title] => High inflation hampers BSP plan to cut banks’ liquidity reserves
[Summary] => The higher-than-expected inflation rate for November could hamper plans by the Bangko Sentral ng Pilipinas (BSP) to cut banks’ liquidity reserves by one percentage point.
BSP Governor Rafael B. Buenaventura said the Monetary Board will discuss the matter during its regular Friday board meeting.
Inflation shot to a 17-month high of six percent in November due to a rising fuel prices and a sagging peso, the National Statistics Office (NSO) reported yesterday.
[DatePublished] => 2000-12-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 100483
[Title] => Landbank names top countryside partners
[Summary] =>
The Land Bank of the Philippines (LBP) honored recently five participating
financial institutions (PFIs) as its most outstanding countryside partners in
the bank's annual Countryside Loan Fund (CLF) and Agricultural Loan Fund (ALF)
awarding ceremonies held at the Makati Sports Club recently.
Adjudged this year's outstanding PFIs were: Rang-ay Rural Bank for the rural
bank category; Hermosa Savings and Loan Bank for the thrift bank category
(countryside based); Planters Development Ba
[DatePublished] => 2000-04-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 100755
[Title] => IFC pools $178 M for polyethylene firm
[Summary] =>
The World Bank's International Finance Corp. (IFC) has successfully pooled $178
million worth of loans from eight foreign banks for Bataan Polyethylene Corp.
(BPC) paving the way for the commercial operations of BPC this July, it was
learned yesterday.
In a press briefing, BPC human resources and administrative manager Butch
Aguila said the total cost of the project amounted to about $330 million.
[DatePublished] => 2000-02-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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February 3, 2003 - 12:00am
February 21, 2001 - 12:00am
