^
+ Follow AMADOR BACANI Tag
AMADOR BACANI
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1307311
                    [Title] => Philrealty exits rehab, sets strong comeback
                    [Summary] => 

Reeling under debt for 12 years, property developer Philippine Realty Corp. is making a strong comeback following its exit from court-assisted corporate rehabilitation.

[DatePublished] => 2014-04-01 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 935996 [Title] => Philrealty commits to P5-billion project in BGC & Ortigas [Summary] =>

Philrealty Holdings Corporation (Philrealty) recently staged another milestone with the official launch of its latest venture with long-time partner, Greenhills Properties Inc.

[DatePublished] => 2013-04-29 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Lifestyle Business [SectionUrl] => business-life [URL] => ) [2] => Array ( [ArticleID] => 916609 [Title] => Philrealty allots P5B for mixed-use project [Summary] =>

Listed property firm Philippine Realty & Holdings Corp. (Philrealty) will spend P5 billion for a mixed-used project in the sprawling Fort Bonifacio business district.

[DatePublished] => 2013-03-07 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1538806 [AuthorName] => Neil Jerome C. Morales [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 630705 [Title] => PhilRealty profit up 32% to P35.6 million in January-September [Summary] =>

Philippine Realty Corp. registered a net income of P35.66 million in the nine months ending September this year, up 31.9 percent from the same period a year ago.

[DatePublished] => 2010-11-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 530928 [Title] => Philrealty re-emerges, launches P2-billion condominium project [Summary] =>

After being on hiatus for about 10 years, Philippine Realty & Holdings Inc. is back in the property business with the relaunch of its P2 billion high-end residential project, Andrea North Skyline Tower, today.

[DatePublished] => 2009-12-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 427315 [Title] => Philrealty okays P236-M deal with Meadowmere [Summary] =>

Philippine Realty & Holdings Corp. (Philrealty) has reached an agreement with creditor Meadowmere Resources Corp. for the full settlement of loan obligations amounting to P236.09 million by way of conversion into equity.

[DatePublished] => 2008-12-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 350421 [Title] => Philrealty to trim debts by P600M [Summary] => Philippine Realty & Holdings Corp. expects to trim its debts to P300 million by yearend from nearly P900 million at the start of the year.

At the sidelines of Philrealty’s annual stockholders’ meeting yesterday, company president Amador Bacani said management hopes to further reduce its debt level by P600 million by the end of the year.

Bacani said the company will continue to undertake measures aimed at reducing debts to a more manageable level.
[DatePublished] => 2006-08-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 284144 [Title] => Philrealty seeks partners for joint development of 1,600-ha property in Fort Boni [Summary] => In line with efforts to further reduce its debts, listed property developer Philippine Realty & Holdings Corp. (Philrealty) has began talks with local and foreign groups for the joint development of a 1,600-hectare property in Fort Bonifacio.

At the sidelines of the company’s stockholders meeting yesterday, Philrealty president Amador Bacani said the property is located near Dencio’s Restaurant and was acquired by the company for P200 million in 1996.
[DatePublished] => 2005-06-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 197708 [Title] => Court clears way for Philrealty rehab [Summary] => The court has given its nod for the implementation of a rehabilitation plan for the publicly-listed Philippine Realty & Holdings Inc. after granting an earlier petition for the suspension of the company’s debt payments.

Presiding Judge Apolinario Bruselas Jr. of the Quezon City Regional Trial Court Branch 93 said in a Feb. 26 order that after a diligent review of the petition, along with comments from the company’s creditors and the Securities and Exchange Commission, "the court finds the petition to be impressed with merit."
[DatePublished] => 2003-03-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 188440 [Title] => Philrealty gets court approval for suspension of debt payments [Summary] => A week after disclosing plans to submit itself to a rehabilitation program, Philippine Realty & Holdings Corp. said yesterday the court has granted its petition for a suspension of debt payments, putting the company under the supervision of a court-appointed receiver.

Philrealty president Amador Bacani said their petition for a debt payment moratorium is the main component of their corporate rehabilitation program, which will be overseen by Ricardo Ysmael, the designated rehabilitation receiver.
[DatePublished] => 2002-12-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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