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                (
                    [ArticleID] => 263876
                    [Title] => E&Y urges government to extend grant of SPV perks
                    [Summary] => Global accountancy firm Ernst & Young (E&Y) is urging the government to extend  beyond September this year the grant of incentives under Republic Act (RA) 9182, otherwise known as the Special Purpose Vehicle (SPV) Law of 2002.


E&Y officials  said that it takes months and sometimes years to package bad assets of Philippine commercial banks. And it also  takes a relatively long time to auction off banks’ non-performing loans (NPLs) as well as their real and other properties owned and acquired (ROPOA). 


                    [DatePublished] => 2004-09-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

        )

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abtest

E&Y urges government to extend grant of SPV perks

By Ted P. Torres | September 7, 2004 - 12:00am

Global accountancy firm Ernst & Young (E&Y) is urging the government to extend beyond September this year the grant of incentives under Republic Act (RA) 9182, otherwise known as the Special Purpose Vehicle...

Banking