SMOKEY MOUNTAIN REHABILITATION PROJECT

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                    [ArticleID] => 158257
                    [Title] => Gov’t to pay P7B for asset pool certificates
                    [Summary] => Suffering as it is from a chronic budget deficit, the government still has to cough up at least P7 billion to pay for maturing asset pool certificates (APCs) guaranteed by the Home Guarantee Corp. (HGC).


A well-placed official said HGC guaranteed some P10 billion to P12-billion worth of APCs for various government development projects, including projects completely unrelated to housing.


                    [DatePublished] => 2002-04-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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Gov’t to pay P7B for asset pool certificates

By Des Ferriols | April 23, 2002 - 12:00am

Suffering as it is from a chronic budget deficit, the government still has to cough up at least P7 billion to pay for maturing asset pool certificates (APCs) guaranteed by the Home Guarantee Corp. (HGC). A well-placed...

Business