+ Follow SPV Tag
SPV
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] => 2078481
[Title] => House lawmakers struggle to find fault in Lopez loan with DBP
[Summary] => House lawmakers struggled their way back to finding fault after hitting a stonewall in the hearing.
[DatePublished] => 2021-02-17 19:35:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1806886
[AuthorName] => Ramon Royandoyan
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2021/01/19/dbp_2021-01-19_18-44-35834_thumbnail.jpg
)
[2] => Array
(
[ArticleID] => 889745
[Title] => Plantersbank, IFC to complete P3-B SPV
[Summary] => The Planters Development Bank and the International Finance Corp. (IFC) are nearing completion of a special purpose vehicle (SPV) with a distressed asset portfolio of P3 billion, a top IFC official said.
[DatePublished] => 2012-12-25 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 507315
[Title] => Revisit the Special Purpose Vehicle law
[Summary] => A fairly recent development led a number of observers to ponder how the Special Purpose Vehicle (SPV) Law is being implemented to help the country’s banking system rid itself of bad or non-performing loans (NPLs).
[DatePublished] => 2009-09-23 00:00:00
[ColumnID] => 134315
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 424675
[Title] => SPV Law not working - international investment firm
[Summary] => An international investment firm said Republic Act 9182, otherwise known as the Special Purpose Vehicle (SPV) Law, have failed to protect entities that has invested in local banks’ non-performing loans and assets under the SPV scheme.
[DatePublished] => 2008-12-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1664250
[AuthorName] => Rainier Allan Ronda
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 309881
[Title] => Asking for more
[Summary] => The passage of the Special Purpose Vehicle Act back in 2002 was a crucial move towards supporting the government’s efforts to spur growth in the beleaguered banking industry. The objective was very clear: reduce the P500 billion worth of bad loans, and revitalize the banking sector as a major engine of economic growth.
[DatePublished] => 2005-12-02 00:00:00
[ColumnID] => 133715
[Focus] => 0
[AuthorID] => 1805279
[AuthorName] => Rey Gamboa
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 283006
[Title] => Equity managers favor extension of SPVA incentives
[Summary] => A leading expert in regional investment and corporate finance has expressed support for the extension of the grant of incentives under the Special Purpose Vehicle Act (SPVA).
Francis G. Estrada, chairman of Equity Managers Asia Inc. and chief executive officer of Philippine SPV Managers Inc., said he favors an extension of the incentives offered by the SPV Law.
"I favor the extension of the SPV Law as a necessary evil, even as the banking industry has not shown a sense of urgency on the matter," he said.
[DatePublished] => 2005-06-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 277338
[Title] => Allied Bank sells P4.3-B worth of bad assets
[Summary] => Allied Banking Corp. has sold P4.3-billion worth of non-performing assets (NPAs) through the special purpose vehicle (SPV) route in a joint venture with ADC Resources and Holdings (SPV-AMC) Inc.
Of the total NPAs sold, P1.5 billion are ROPOAs (real and other properties owned or acquired) and P2.8 billion in non-performing loans or NPLs, mostly unsecured.
[DatePublished] => 2005-05-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 266058
[Title] => PBCom sells P12.156B of non-performing loans
[Summary] => Philippine Bank of Communications (PBCom) has disposed of P12.156 billion worth of non-performing loans (NPLs) it had placed at the auction block.
Unimark Investments Corp., a registered special purpose vehicle (SPV), acquired the bad loans for an undisclosed amount. The SPV is headed by Robin Sy, the president of the Federation of Filipino-Chinese Chamber of Commerce.
[DatePublished] => 2004-10-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 263876
[Title] => E&Y urges government to extend grant of SPV perks
[Summary] => Global accountancy firm Ernst & Young (E&Y) is urging the government to extend beyond September this year the grant of incentives under Republic Act (RA) 9182, otherwise known as the Special Purpose Vehicle (SPV) Law of 2002.
E&Y officials said that it takes months and sometimes years to package bad assets of Philippine commercial banks. And it also takes a relatively long time to auction off banks’ non-performing loans (NPLs) as well as their real and other properties owned and acquired (ROPOA).
[DatePublished] => 2004-09-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
)
)
abtest
September 23, 2009 - 12:00am
