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                    [ArticleID] => 199135
                    [Title] => FFI gets SEC nod for cut in capital stock
                    [Summary] => Publicly-listed mutual fund Filipino Fund Inc. (FFI) has secured the approval of the Securities and Exchange Commission for the reduction of its capital stock ahead of a corporate reorganization to spin off a new open-ended fund. 


From a capital base of P850 million, FFI trimmed it down to P78.95 million, both from the same number of shares at P1 par value. 


"The amendment will result to a reduction of 970 shares for every 1,000 shares currently held," FFI said in its notice to shareholders. 


                    [DatePublished] => 2003-03-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 182400
                    [Title] => Filipino Fund to restructure
                    [Summary] => Filipino Fund Inc., the only publicly-listed mutual fund at the Philippine Stock Exchange, is on its way to a corporate reorganization that would pave the way for the spin-offs of its listed stock holdings into an open-end fund.


The restructuring plan was laid out last year and was approved by the company’s board last September. This month, its investment manager BPI Investment Management Inc. said the FFI shareholders will hold a special meeting to approve the change.


                    [DatePublished] => 2002-11-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 180775
                    [Title] => Travelling on a budget
                    [Summary] => For Jose Mari del Rosario, it was the wrong time to hear good news. The effects of the Asian financial crisis had just begun to be felt in the Philippines when he received word that his group had bagged the Philippine master franchise for the US-based Microtel budget hotel plus the option for the rest of Southeast Asia.


To clinch the 99-year deal, del Rosario had to pay the franchise fee of $200,000.


                    [DatePublished] => 2002-10-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1488513
                    [AuthorName] => Margaret Jao-Grey 
                    [SectionName] => Business As Usual
                    [SectionUrl] => business-as-usual
                    [URL] => 
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BATANGAS ASSET CORP

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    [results] => Array
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                    [ArticleID] => 199135
                    [Title] => FFI gets SEC nod for cut in capital stock
                    [Summary] => Publicly-listed mutual fund Filipino Fund Inc. (FFI) has secured the approval of the Securities and Exchange Commission for the reduction of its capital stock ahead of a corporate reorganization to spin off a new open-ended fund. 


From a capital base of P850 million, FFI trimmed it down to P78.95 million, both from the same number of shares at P1 par value. 


"The amendment will result to a reduction of 970 shares for every 1,000 shares currently held," FFI said in its notice to shareholders. 


                    [DatePublished] => 2003-03-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 182400
                    [Title] => Filipino Fund to restructure
                    [Summary] => Filipino Fund Inc., the only publicly-listed mutual fund at the Philippine Stock Exchange, is on its way to a corporate reorganization that would pave the way for the spin-offs of its listed stock holdings into an open-end fund.


The restructuring plan was laid out last year and was approved by the company’s board last September. This month, its investment manager BPI Investment Management Inc. said the FFI shareholders will hold a special meeting to approve the change.


                    [DatePublished] => 2002-11-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 180775
                    [Title] => Travelling on a budget
                    [Summary] => For Jose Mari del Rosario, it was the wrong time to hear good news. The effects of the Asian financial crisis had just begun to be felt in the Philippines when he received word that his group had bagged the Philippine master franchise for the US-based Microtel budget hotel plus the option for the rest of Southeast Asia.


To clinch the 99-year deal, del Rosario had to pay the franchise fee of $200,000.


                    [DatePublished] => 2002-10-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1488513
                    [AuthorName] => Margaret Jao-Grey 
                    [SectionName] => Business As Usual
                    [SectionUrl] => business-as-usual
                    [URL] => 
                )

        )

)

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FFI gets SEC nod for cut in capital stock

By Christina Mendez | March 16, 2003 - 12:00am

Publicly-listed mutual fund Filipino Fund Inc. (FFI) has secured the approval of the Securities and Exchange Commission for the reduction of its capital stock ahead of a corporate reorganization to spin off a new...

Business

Filipino Fund to restructure

By Christina Mendez | November 3, 2002 - 12:00am

Filipino Fund Inc., the only publicly-listed mutual fund at the Philippine Stock Exchange, is on its way to a corporate reorganization that would pave the way for the spin-offs of its listed stock holdings into an...

Business

Travelling on a budget

By Margaret Jao-Grey  | October 21, 2002 - 12:00am

For Jose Mari del Rosario, it was the wrong time to hear good news. The effects of the Asian financial crisis had just begun to be felt in the Philippines when he received word that his group had bagged the Philippine...

Business As Usual