+ Follow SPECIAL PURPOSE VEHICLES ACT Tag
SPECIAL PURPOSE VEHICLES ACT
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 2079862
[Title] => Duterte allies drag FIST law into Lopez loan hearing
[Summary] => “In the FIST law, and this is scary, there may be again abuses of the SPV law,” Anakalusugan party-list Rep. Mike Defensor said.
[DatePublished] => 2021-02-23 17:12:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1806886
[AuthorName] => Ramon Royandoyan
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2020/11/27/dbp_2020-11-27_18-53-08141_thumbnail.jpg
)
[1] => Array
(
[ArticleID] => 420045
[Title] => Banks unload P149-B bad assets under SPVA
[Summary] => Local banks have unloaded a total of P148.
[DatePublished] => 2008-12-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 48058
[Title] => BSP gives banks more time to apply for SPVA incentives
[Summary] =>
[DatePublished] => 2008-03-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 24121
[Title] => Banks sell P32-B bad assets under SPVA
[Summary] =>
Despite heavy penalties on bad assets still in their portfolio, banks remained slow to clean up their folders even with the incentives offered under the Special Purpose Vehicles Act (SPVA).
[DatePublished] => 2007-10-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 24123
[Title] => Local banks weak by reg’l standards – BSP
[Summary] =>
[DatePublished] => 2007-10-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 4121
[Title] => SPVA seen to spur sale of P82-B bad assets
[Summary] =>
The BSP had originally estimated that the extension of the original SPVA would remove an additional P100 billion worth of bad assets from the portfolio of banks.
[DatePublished] => 2007-06-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 2342
[Title] => Just when I thought I was pregnant...
[Summary] =>
[DatePublished] => 2007-05-27 00:00:00
[ColumnID] => 134888
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 385868
[Title] => IMF urges BSP to tighten rules on sale of bad assets
[Summary] =>
The International Monetary Fund (IMF) said the Bangko Sentral ng Pilipinas (BSP) should tighten its regulatory requirements on bad assets, expressing concern over the slowness of the banking industry in cleaning up their portfolio.
According to the IMF, the BSP should also sustain its pressure to compel the industry to consolidate further while also pressing Congress to complete the long-delayed amendments to the central bank charter.
[DatePublished] => 2007-02-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 383979
[Title] => Banks sell P31B worth of bad assets under SPVA
[Summary] =>
After a snag following the extension of the Special Purpose Vehicles Act (SPVA), banks have disposed of P31 billion worth of bad assets so far, the Bangko Sentral ng Pilipinas (BSP) said yesterday.
The BSP said the banking industry has shifted to high gear its sale of bad assets, and officials expect the sale of P51 billion more in the coming months.
BSP Governor Amando M. Tetangco Jr. said there are over P51 billion more non-performing assets in the pipeline, waiting for the approval of the central bank.
[DatePublished] => 2007-02-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 378838
[Title] => Banks slow in selling bad assets
[Summary] =>
After getting a two-year extension of the incentives on the sale of bad assets, data from the Bangko Sentral ng Pilipinas (BSP) showed that the banking sector was still as sluggish as ever to rid themselves of non-performing assets (NPAs).
The Bangko Sentral ng Pilipinas (BSP) estimated early last year that at least P50 billion worth of bad assets could be unloaded in 2006 especially after Congress granted an extension of Special Purpose Vehicles Act (SPVA) which gave banks various incentives to encourage them to unload their bad assets.
[DatePublished] => 2007-01-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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