BDO and its clients, Roxas Holdings Inc. (RHI), Central Azucarera Don Pedro Inc. (CADPI) and Central Azucarera De La Carlota Inc. (CACI), recently entered into a P4.69 Billion loan agreement intended to finance the Roxas Group’s two-pronged projects, namely: Expansion Program and Diversification Program – Ethanol Project. Said projects were primarily envisioned to place the Roxas Group in a competitive advantage against low-priced imported sugar entering the country by 2010.

                   

Present during the agreement signing at the BDO Benguet Center in Ortigas were (L-R) Walter C. Wassmer, BDO Senior Executive Vice President; Francisco F. del Rosario, Roxas Holdings Inc. (RHI) President; Pedro E. Roxas, Roxas Holdings Inc. (RHI) / Central Azucarera Don Pedro Inc.(CADPI) / Central Azucarera de la Carlota Inc.(CACI) Chairman; Teresita T. Sy, BDO Chairperson; Nestor V. Tan, BDO President; Ramon A. Picornell Jr., Central Azucarera Don Pedro Inc. (CADPI) / Central Azucarera dela Carlota Inc. (CACI) President; and Asuncion S. Aguilar, CADPI/CACI Senior Vice President/Treasurer. Not in the photo are: Julie Yap Chua, BDO Senior Vice President; Agnes C. Tuason, BDO Vice President; and Adele Guia J. Aquitaña, BDO AO/Manager.