+ Follow CONRADO CARBALLO Tag
CONRADO CARBALLO
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[ArticleID] => 261105
[Title] => Metro Pacific sells 10% stake in Landco to fund Nenaco rehab
[Summary] => Holding firm Metro Pacific Corp. (MPC) has sold a portion of its shareholdings in high-end real estate development subsidiary Landco Pacific Corp. for P60.5 million, the company said in a statement.
The sale involves 529,587 shares or 10.33 percent of Landco’s outstanding capital stock, reducing MPC’s stake in the company to 51 percent.
The buying parties were AB Holdings Corp., a private investment company, and certain individuals in the management of Landco, a multi-product property development firm.
[DatePublished] => 2004-08-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[1] => Array
(
[ArticleID] => 256974
[Title] => Nenaco owners vow to put firm on track
[Summary] => The owners of debt-plagued Negros Navigation Co. (Nenaco) are undertaking drastic changes in the company, including a revamp in top management, in order to put the shipping firm back on track.
In an interview, First Pacific Co. managing director Manuel Pangilinan admitted that they have not given Nenaco the kind of attention and changes compared to other companies owned by the Hong Kong-based conglomerate and Metro Pacific Corp. (MPC).
[DatePublished] => 2004-07-10 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] => 255466
[Title] => TV war intensifies
[Summary] => Some of the country’s biggest advertisers and television stations are crying foul.
They should. After one of the largest television networks left the fold of the Kapisanan ng mga Brodkaster sa Pilipinas or KBP, this TV station has reportedly enjoyed to the hilt, and with impunity, the results of its KBP exodus. Its advertising load per hour is now reaching as high as 30 minutes, compared to the 18-minute limit set by the KBP and Adboard.
[DatePublished] => 2004-06-27 00:00:00
[ColumnID] => 134315
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 246369
[Title] => Debt problem not affecting Nenaco operations — official
[Summary] => Negros Navigation Co. (Nenaco) which earlier filed for court rehabilitation announced yesterday that its operations remain largely unaffected despite moves by Tsuneishi Heavy Industries, a joint venture with the Aboitiz Group of Cebu, to seize its assets.
According to sources, Tsuneishi is being provided legal assistance by lawyers Thaddeus Alvizo, Amer Hussein Mambuay and other Aboitiz counsels from the Sycip, Salazar law firm. The lawyers were deputized by sheriff Art Cahigon of the Cebu Regional Trial Court yesterday.
[DatePublished] => 2004-04-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 246138
[Title] => Court says stay order on claims vs Nenaco covers Tsuneishi
[Summary] => The Manila Regional Trial Court (RTC) ruled on Monday that the stay order it has issued prohibiting the enforcement of all claims against beleaguered Negros Navigation Co. (Nenaco) covers the P100-million claim of Tsuneishi Heavy Industries which earlier succeeded in getting the Cebu RTC to order the detention of certain Nenaco vessels to satisfy its claim.
[DatePublished] => 2004-04-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 208375
[Title] => Nenaco bags AsPac Excellence Award
[Summary] => Negros Navigation Co., Inc. (Nenaco), the shipping subsidiary of Metro Pacific Corp. (MPC), earned the recognition as the Most Outstanding Shipping Company of the Philippines for 2003 in the prestigious Asia Pacific Award for Excellence given by the National Consumers Affairs Foundation.
[DatePublished] => 2003-06-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 204560
[Title] => Nenaco doubles net income in Q1
[Summary] => Metro Pacific’s shipping subsidiary Negros Navigation Co. Inc. (Nenaco) more than doubled its net income in the first quarter of this year as a result of the considerable growth in its passenger revenues, the company said in a statement.
From P4.8 million a year ago, Nenaco’s first quarter profit reached P10.5 million, driven primarily by the five-percent increase in passenger revenues to P336.4 million.
[DatePublished] => 2003-05-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 202903
[Title] => Nenaco concludes CBA with union
[Summary] => Negros Navigation Co. Inc. (Nenaco), the shipping subsidiary of Metro Pacific Corp. (MPC) announced yesterday that they have successfully and amicably completed a Collective Bargaining Agreement (CBA) with the Iloilo-Negros Labor Union (INELU) for the period ending on March 31, 2004.
The CBA negotiations between Nenaco management and its union officials were successfully completed ahead of scheduled.
The current CBA includes all employees and ensures amicable relations with the labor union for the foreseeable future.
[DatePublished] => 2003-04-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 194246
[Title] => Sense and sensibility
[Summary] => Business journalists can indeed be privileged, since most of the time, they get to be a real "fly on the wall" and be a witness to some of the country’s most interesting corporate stories, and boardroom dramas.
The most recent one, and still developing, has to do with the Philippines’ second-largest shipping company, Negros Navigation Co. (Nenaco).
[DatePublished] => 2003-02-05 00:00:00
[ColumnID] => 134315
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 192004
[Title] => Nenaco beefs up operations to fortify No. 2 position
[Summary] => Negros Navigation Co. Inc., the shipping unit of holding firm Metro Pacific Corp., is beefing up its operations to fortify its position as the country’s second inter-island shipping company.
Nenaco intends to advance its position in the industry through aggressive sales and marketing efforts in Metro Manila and key regional cities, and enhanced focus on core transportation business.
The company will also realign routes to service key growth passenger and cargo markets and continue to divest non-performing assets as part of restructuring efforts.
[DatePublished] => 2003-01-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
August 13, 2004 - 12:00am
February 5, 2003 - 12:00am
