+ Follow FIRST RESOURCES Tag
FIRST RESOURCES
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[results] => Array
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[0] => Array
(
[ArticleID] => 265960
[Title] => GSIS chief charged before Ombudsman
[Summary] => Embattled Government Service Insurance System (GSIS) president and general manager Winston Garcia welcomed yesterday the filing of corruption charges against him before the Ombudsman, saying it is an opportunity for the truth to come out once and for all.
At a press conference, Garcia’s lawyer Estrella Elamparo noted how the complaint only came after a failed move by GSIS employees to launch a massive and week-long rally to pressure Garcia to step down.
[DatePublished] => 2004-10-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804865
[AuthorName] => Pia Lee-Brago
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[1] => Array
(
[ArticleID] => 262174
[Title] => SEC probes deeper into controversy over First Resources Management
[Summary] => The Securities and Exchange Commission (SEC) is digging deeper into the controversy involving First Resources Management & Securities Corp., the stockbrokerage firm owned by influential broker Vivian Yuchengco.
In an Aug. 19 letter to the Philippine Stock Exchange (PSE), the SEC said it is pursuing its investigation into First Resources’ alleged monopoly of stock trades by the Government Service Insurance System (GSIS), one of the biggest institutional investors in the exchange.
The PSE earlier cleared First Resources of any wrongdoing in the transactions.
[DatePublished] => 2004-08-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
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[ArticleID] => 260731
[Title] => One happy ‘ex-president-to-be’
[Summary] => Did you know 1: The First Resources Management and Securities Corp. founder Vivian Yuchengco has been back in town for at least a week and is unusually quiet, considering that so-called friend and chairman of the Securities and Exchange Commission Lilia Bautista gave the go-signal for an SEC team to visit the office of First Resources and to look at its first quarter stock markets transactions only last month.
[DatePublished] => 2004-08-10 00:00:00
[ColumnID] => 135040
[Focus] => 0
[AuthorID] => 1488513
[AuthorName] => Margaret Jao-Grey
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 260619
[Title] => GSIS’ right to tap single broker defended
[Summary] => Stockbrokers have defended the appointment by the Government Service Insurance System (GSIS) of a single broker to buy shares of Manila Electric Co. (Meralco) in the stock exchange.
The stockbrokers were reacting to the decision of the Securities and Exchange Commission (SEC) to investigate the First Resources Management and Securities Corp. after the regulatory body received text messages from unidentified texters alleging that the company was monopolizing the acquisition of Meralco shares on behalf of GSIS from November to December 2003.
[DatePublished] => 2004-08-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 260465
[Title] => PSE squabble triggers investment woes
[Summary] => From bulls to boars in the bourse - one of the country’s engines for growth.
This is how the squabble within the Philippine Stock Exchange has transformed the local bourse following disagreements among stockholders and the board over private placements and election issues over who would lead the PSE after its president quit his post.
Unless the board puts its act together, the much-needed reforms the PSE is pursuing to regain investor confidence and perk up the equities market may not be achieved.
[DatePublished] => 2004-08-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 260242
[Title] => PSE finds no proof to warrant probe of First Resources
[Summary] => The Philippine Stock Exchange (PSE) has found no "compelling incidence" to investigate the trading activities of Meralco between October 2003 and June 2004, a finding which, in effect, cleared The First Resources Management & Securities Corp. of any improper sales practices when it bought for the Government Service Insurance System (GSIS) shares of stock in Meralco.
[DatePublished] => 2004-08-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 259503
[Title] => Text message can’t be basis for SEC probe — lawmakers
[Summary] => Congressmen slammed yesterday the Securities and Exchange Commission (SEC) over its plan to investigate the stock market transactions of a private securities trading company based solely on text messages sent by anonymous texters.
[DatePublished] => 2004-07-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 259380
[Title] => SEC probe based on text messages alarms traders
[Summary] => The Securities and Exchange Commission’s decision to conduct an investigation into the business affairs of a private securities trading company based solely on text messages sent by unidentified texters has alarmed the business community and raised questions about the regulatory body’s move.
[DatePublished] => 2004-07-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 258715
[Title] => PSE squabble is hurting RP’s image abroad
[Summary] => The infighting at the Philippine Stock Exchange (PSE) has been sending an embarrassing signal abroad, forcing the country’s economic planning officials to fend off inquiries from foreign investors wary of the already shrinking stock market.
The officials noted that the squabble at the PSE board has been a chronic problem but the escalation of the conflict has created enough uncertainty to provoke at least one government-controlled pension fund, the Government Service Insurance System (GSIS), to threaten the pullout of all its investments in the bourse.
[DatePublished] => 2004-07-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 258415
[Title] => Yuchengco firm welcomes SEC investigation
[Summary] => The Yuchengco-owned broker firm First Resources Management & Securities Corp. said yesterday it welcomes the investigation being conducted by the Securities and Exchange Commission into the company.
In a statement issued, former Philippine Stock Exchange chairman Vivian Yuchengco said "First Resources welcomes the SEC’s move to look into stock transactions of the Government Service Insurance System coursed through us."
[DatePublished] => 2004-07-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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