+ Follow EQUITABLE Tag
EQUITABLE
Array
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[results] => Array
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[0] => Array
(
[ArticleID] => 355526
[Title] => Market ends lower as profit-taking hits PLDT
[Summary] => Share prices closed 0.26 percent lower yesterday in mixed trading as profit-taking hit blue-chip Philippine Long Distance Telephone Co. (PLDT), dealers said.
However, Equitable PCI Bank and Banco de Oro Universal Bank rose sharply as investors bet on a possible merger, they added.
The Philippine Stock Exchange composite index finished down 5.91 points at 2,296.78 after moving between 2,291.69 and 2,310.99. There were 1.56 billion shares traded worth P1.31 billion.
The broader all-shares index rose 3.28 points to 1,434.03.
[DatePublished] => 2006-08-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 327839
[Title] => Banco de Oro’s takeover offer for EPCIB still stands
[Summary] => Banco de Oro Universal Bank, owned by retail and shopping mall tycoon Henry Sy, is still offering to buy Equitable PCI Bank, bank president Nestor Tan said in an interview yesterday.
"The offer still stands," said Tan. "We are still willing to talk."
"Despite the lapse of the period for consideration, Banco de Oro is still open to merger talks. We have not changed our position and direction on our merger offer," Tan added.
[DatePublished] => 2006-03-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 324622
[Title] => GSIS extends deadline for bids to 12.4% EPCIB stake
[Summary] => The Government Service Insurance System (GSIS) has extended for another month or until April 6 the deadline for the submission of bids for its stake in Equitable PCIBank (EPCIB), a fund official said.
In a statement, GSIS executive vice-president for finance Omelita Tiangco, said the deadline has been moved to a later date to give way to requests of interested parties and to get the best possible offer.
GSIS is selling its 12.4 percent shareholdings in Equitable PCIBank, the country’s third largest bank.
[DatePublished] => 2006-03-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 322897
[Title] => De la Paz’s election to EPCIB top post hailed
[Summary] => A senior House leader lauded yesterday the election of Social Security System (SSS) president Corazon de la Paz as chairman of the board of directors of Equitable PCI Bank, the country’s third biggest lender.
"She represents the interest of SSS investments in that bank as a board member. As she is elected chairman, that is perfectly alright and welcome," said Rep. Jesli Lapus, chairman of the House committee on ways and means.
[DatePublished] => 2006-02-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096652
[AuthorName] => Delon Porcalla
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 318516
[Title] => GSIS selling its 12.4% stake in Equitable PCI Bank
[Summary] => The Government Service Insurance System (GSIS), the state pension fund for government workers, is putting its 12.4-percent stake in Equitable PCI Bank on the auction block for a minimum bid price of P92 a share.
The move follows the strong interest reportedly expressed by foreign investor groups in EPCIBank, currently the third largest bank in the country, and Banco De Oro’s proposed merger with EPCIBank.
The pension fund’s plan to sell its 90.08 million EPCIBank shares was contained in a bidding invitation published in major newspapers yesterday.
[DatePublished] => 2006-01-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 317381
[Title] => Wrong charge
[Summary] => The first element in the violation of the Bouncing Checks Law is the making and issuance of a check to apply on account or for value. This case of Jimmy is again an example of the lack of this element.
[DatePublished] => 2006-01-19 00:00:00
[ColumnID] => 133340
[Focus] => 0
[AuthorID] => 1804883
[AuthorName] => Jose C. Sison
[SectionName] => Opinion
[SectionUrl] => opinion
[URL] =>
)
[6] => Array
(
[ArticleID] => 316513
[Title] => EPCIB to hire financial adviser to study BDO offer
[Summary] => Equitable PCI Bank will hire an independent financial adviser to study the P41.3-billion takeover offer by Banco de Oro Universal Bank, according to the head of the Social Security System (SSS), the bank’s second-largest shareholder.
The decision was made at a meeting yesterday of the executive committee of Equitable’s board, which also asked management to make its own study of the offer by BDO said SSS president Corazon de la Paz.
The state-controlled pension fund owns 29 percent of Equitable.
[DatePublished] => 2006-01-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 316019
[Title] => Opposition to Banco de Oro acquisition of EPICB mounts
[Summary] => Equitable PCI Bank chairman Ferdinand Martin Romualdez said yesterday that the three major stakeholders in Equitable PCI Bank will reject Banco de Oro’s proposal to acquire Equitable PCI Bank.
This group, which is composed of the Social Security System (SSS), the Government Service Insurance System (GSIS) and Trans Middle East Philippines Equities, Inc.. (TMEQ) control a combined 46 percent of Equitable PCI Bank.
[DatePublished] => 2006-01-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 315417
[Title] => Banco de Oro offers to acquire Equitable PCI Bank for P41.3B
[Summary] => Banco de Oro Universal Bank (BDO), the banking flagship of the SM Group of retail tycoon Henry Sy, has offered to buy out Equitable PCI Bank through a share swap worth about P41.3 billion, resulting in a merger that would strengthen their position as the country’s third largest banking network.
[DatePublished] => 2006-01-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 315441
[Title] => Index tumbles 17 pts as investors cash in on profits
[Summary] => Philippine stocks declined yesterday as investors cashed in on three sessions of gains, traders said.
The benchmark 30-company Philippine Stock Exchange Index fell 17.14 points, or 0.8 percent, to 2,133.79, after rising 2.8 percent in the past three days, including the 0.6 percent advance Thursday to a 10-month closing high.
"There was profit-taking after three sessions of gains. But the momentum is still positive," said Citiseconline.com investment analyst Mark Alan Canizares.
[DatePublished] => 2006-01-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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August 31, 2006 - 12:00am
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January 7, 2006 - 12:00am
