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Probe sought of Home Guaranty Corp. losses

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Abakada Rep. Jonathan de la Cruz. CONTRIBUTED PHOTO/www.congress.gov.ph

A party-list representative is seeking a House probe into the alleged gross mismanagement of the state-owned Home Guaranty Corp. (HGC), which has incurred P13.3 billion in losses in the past decade.

Posted: February 2nd, 2014 in Latest Business Stories | Read More »

House probe sought on HGC bankruptcy due to zero-coupon bonds

By
FIILE PHOTO

The House of Representatives is being urged to look into the gross mismanagement of the Home Guaranty Corp. (HGC), which buried the state firm in P13.296 billion in losses over a decade bridging the Arroyo and Aquino administrations.

Posted: January 29th, 2014 in Latest Business Stories | Read More »

CA stands pat on ruling affirming Banco Filipino closure

By
FILE PHOTO

The Court of Appeals stood pat on its last year’s ruling affirming the legality of the closure of Banco Filipino (BF) Savings Mortgage Bank for failure to settle its obligations.

Posted: December 17th, 2013 in Latest Business Stories | Read More »

Kodak approves court approval for bankruptcy plan

Buyers and industry affiliates pass by the Kodak exhibit at the 2012 International CES tradeshow, Wednesday, Jan. 11, 2012, in Las Vegas. Eastman Kodak filed patent lawsuits against HTC Corp. and Apple this week. (AP Photo/Julie Jacobson)

A federal judge has approved Kodak’s plan to emerge from bankruptcy protection.

Posted: August 21st, 2013 in Latest Business Stories | Read More »

PSE to introduce red alerts against distressed companies

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pse-logo

The Philippine Stock Exchange is proposing an overhaul of guidelines governing companies under financial distress or corporate rehabilitation to include “red alerts” prior to actual bankruptcy, aiming to better protect minority investors who can otherwise get stuck with an illiquid insolvent investment.

Posted: March 21st, 2013 in Latest Business Stories | Read More »

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