+ Follow MIRANT PHILS Tag
MIRANT PHILS
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 365028
[Title] => Metro Pacific tender offer starts Oct 27
[Summary] =>
Newly created investment holding company Metro Pacific Investments Corp. (MPIC) said its planned tender offer to minority shareholders of Metro Pacific Corp. will run from Oct. 27 to Nov. 28, in line with the Metro Pacific group’s reorganization plan.
The tender offer will provide Metro Pacific’s minority shareholders with the option to migrate to the debt-free MPIC.
Based on its offer, MPIC will swap one MPIC share and three warrants for every four Metro Pacific shares tendered.
[DatePublished] => 2006-10-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 364519
[Title] => SEC approves Metro Pacific share swap
[Summary] =>
The Securities and Exchange Commission (SEC) has approved the share swap issue between Metro Pacific Investments Corp. (MPIC) and Metro Pacific Corp (MBC).
Under the plan, MPIC will acquire the remaining 227.51 million common shares of Metro Pacific in exchange for up to 56.88 million new and unissued common shares in MPIC on the basis of one MPIC share for every four MPC common shares.
[DatePublished] => 2006-10-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 364528
[Title] => Mirant workers complain over sale bonus
[Summary] =>
Employees of Mirant Philippines are crying discrimination on their compensation packages as they claim their US counterparts are getting $34-million in bonuses from the sale of the firm’s Philippine assets.
In a letter to the Department of Labor and Employment (DOLE) dated Oct. 20, same 1,200 employees of Mirant Phils. sought the department’s intervention regarding the sale of the local Mirant unit, the largest private producer of electricity in the country.
[DatePublished] => 2006-10-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 364689
[Title] => SEC approves Metro Pacific share swap
[Summary] =>
The Securities and Exchange Commission (SEC) has approved the share swap issue between Metro Pacific Investments Corp. (MPIC) and Metro Pacific Corp (MBC).
Under the plan, MPIC will acquire the remaining 227.51 million common shares of Metro Pacific in exchange for up to 56.88 million new and unissued common shares in MPIC on the basis of one MPIC share for every four MPC common shares.
[DatePublished] => 2006-10-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 364698
[Title] => Mirant workers complain over sale bonus
[Summary] =>
Employees of Mirant Philippines are crying discrimination on their compensation packages as they claim their US counterparts are getting $34-million in bonuses from the sale of the firm’s Philippine assets.
In a letter to the Department of Labor and Employment (DOLE) dated Oct. 20, same 1,200 employees of Mirant Phils. sought the department’s intervention regarding the sale of the local Mirant unit, the largest private producer of electricity in the country.
[DatePublished] => 2006-10-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 364093
[Title] => 11 local, int’l groups to bid for Mirant assets
[Summary] => Four of the biggest names in local business plus more than half a dozen international conglomerates presented Thursday their respective technical and financial qualifications aiming for the right to bid for and acquire the assets of Mirant Phils. Corp.
[DatePublished] => 2006-10-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 354422
[Title] => Napocor mulls new penalties on Mirant Phils
[Summary] => The National Power Corp. (Napocor) is looking at the possibility of slapping new pe-nalties on Mirant Philippines Inc. for the possible power delivery shortfall of its 1,200-megawatt (MW) Sual power plant.
The Sual power facility is reportedly being scheduled to be down for the next six to eight months or until April 2007 as one of its engines was damaged and needs to be repaired.
Napocor sources said that Mirant had already informed them of the plant shutdown.
[DatePublished] => 2006-08-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 325063
[Title] => Aboitiz Equity taps BPI for P2.2-B loan
[Summary] => Aboitiz Equity Ventures Inc. (AEV) has tapped a P2.2-billion loan facility with the Bank of the Philippine Islands to finance the expansion of its power generation and banking units as well as new investments, according to informed sources.
AEV needs between P5 billion to P6 billion for the construction of three new plants over the next two or three years. The plants, located in the Visayas-Mindanao area, are estimated to cost between $300 million and $500 million.
[DatePublished] => 2006-03-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 321112
[Title] => PSE pushes for listing of Mirant, other power firms
[Summary] => In line with hardline efforts to lure more investors into the stock market, the Philippine Stock Exchange (PSE) is pushing for the listing of more power and oil companies, including Mirant Philippines Corp.
PSE president Francis Lim said the exchange has met with officials of Mirant Phils. to discuss the possible listing of the company’s shares in the local bourse.
"We met with them in the hope we could encourage them to revive plans to go public," Lim said.
[DatePublished] => 2006-02-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 310990
[Title] => ERC okays Subic Enerzone, Cepalco loans for capex
[Summary] => The Energy Regulatory Commission (ERC) has approved the Subic Enerzone Corp.’s (SEZ) plan to secure some P390 million in loans for its capital expenditures.
At the same time, the ERC also granted the Cagayan Electric Power and Light Co. (Cepalco) a permanent authority to acquire a $4-million loan to construct a 950-kilowatthour (kwh) photovoltaic electricity generation power plant.
[DatePublished] => 2005-12-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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