+ Follow BENPRES HOLDINGS INC Tag
BENPRES HOLDINGS INC
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[results] => Array
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[0] => Array
(
[ArticleID] => 346906
[Title] => Manila Water to join bid for government’s majority stake in Maynilad Water
[Summary] => The board of Manila Water Co. Inc. had authorized the company’s bid to acquire the government’s majority stake in debt-strapped Maynilad Water Services Inc.
In a disclosure to the Philippine Stock Exchange, the Ayala-led utility firm said its board "authorized Manila Water to participate, directly, or through a consortium or a special purpose company in the bidding for the assignment of Metropolitan Waterworks and Sewerage System (MWSS) right and obligation to subscribe to equity in Maynilad."
[DatePublished] => 2006-07-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 239691
[Title] => Ex-DPWH head named Maynilad prexy
[Summary] => Former Public Works and Highways Secretary Fiorello Estuar has been named as the new president of the Lopez-controlled Maynilad Water Services Inc., the company said yesterday.
Estuar replaces Rafael Alunan III, a former Secretary of Interior and Local Government, who will be retained as a consultant to the Lopez Group.
Alunan also retains the presidency of First Philippine Infrastructure Development Corp. and directorships in infrastructure-related businesses.
[DatePublished] => 2004-02-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 215755
[Title] => Benpres sells call center unit to Indian group
[Summary] => Benpres Holdings Inc. has sold its wholly-owned subsidiary Customer Contact Center Inc. (C-Cubed) to the India-based conglomerate Hinduja Group, the company said in a disclosure to the Philippine Stock Exchange.
The Hinduja Group is trans-national conglomerate operating in over 20 countries. It has a leadership position in automotive manufacturing, financial services, banking, chemicals & agri-business, and infrastructure project development.
There were no other details given by Benpres on the sale of C-Cubed, where it has a capital infusion of P100 million.
[DatePublished] => 2003-08-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 205640
[Title] => Benpres cuts loss in 2002 to P1.06-B
[Summary] => Lopez flagship Benpres Holdings Inc. posted a net loss of P1.06 billion last year, an improvement from the loss of P9.99 billion incurred in 2001.
Although Benpres did not post any gain on sale of investments in 2002, this was offset by stronger net earnings of investee companies, particularly First Philippine Holdings Corp. (FPHC) and ABS-CBN Broadcasting Corp.
Consolidated revenues reached P2.02 billion in 2002, up by 14 percent from the previous year’s P1.78 billion.
[DatePublished] => 2003-05-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 168411
[Title] => Cover your backs, BSP tells Benpres creditors
[Summary] => Banks that have exposures in Benpres Holdings Inc. have been directed to mark their loan loss provisions and valuation reserves to cover their backs in case the beleaguered company defaults on any of its P30-billion worth of loans.
The Bangko Sentral ng Pilipinas (BSP) issued the directive after concluding a "quiet inquiry" into the exposure of the banking sector in Benpres which had defaulted twice on interest payments to the holders of some P2 billion worth of long term commercial papers.
[DatePublished] => 2002-07-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 167396
[Title] => BSP looks into banks’ exposure in Benpres
[Summary] => The Bangko Sentral ng Pilipinas (BSP) is looking into the total exposure of the banking sector in the Lopez-owned Benpres Holdings Inc. to determine how large a hit banks would take should the troubled company’s financial condition deteriorate further.
Sources revealed that the central bank was concerned enough to want to find out the magnitude of the crisis that could land on its lap, especially after Benpres defaulted for the second time on the interest payment on its long term commercial papers (LTCPs).
[DatePublished] => 2002-07-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 166856
[Title] => Benpres creditors scramble for more collateral
[Summary] => Despite assurances by company executives, the creditors of the Lopez Group have begun scampering for more cover on their loans, anticipating more trouble for the group’s flaship company, Benpres Holdings Inc.
The exposure of banks in the troubled group was estimated to reach $596 million or P30.87 billion, accounted for mainly by two biggest affiliates: Maynilad Water Services and Bayan Telecommunications, Inc. (BayanTel).
[DatePublished] => 2002-07-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 166962
[Title] => Benpres creditors scramble for more collateral
[Summary] => Despite assurances by company executives, the creditors of the Lopez Group have begun scampering for more cover on their loans, anticipating more trouble for the group’s flaship company, Benpres Holdings Inc.
The exposure of banks in the troubled group was estimated to reach $596 million or P30.87 billion, accounted for mainly by two biggest affiliates: Maynilad Water Services and Bayan Telecommunications, Inc. (BayanTel).
[DatePublished] => 2002-07-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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