Philippines engages PWC to create PNB rehab plan

The Phillipines government has hired PriceWaterhouse Coopers to draw up a plan to rehabilitate partly state-owned Philippine National Bank (Q.PNB) in preparation for the sale of an 83% stake in the loss-making bank, Central Bank Governor Rafael Buenaventura said Mar 20, 2001.

Buenaventura said PriceWaterhouse will soon conduct a due diligence review of PNB's operations and financial standing, and will submit its report on the bank's status by April 2001. "On that basis, (PNB chairman and

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