GLOBAL BANK

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            [0] => Array
                (
                    [ArticleID] => 541812
                    [Title] => SEC rejects Uniwide's third revision of rehabilitation plan
                    [Summary] => 
The Securities and Exchange Commission has junked Uniwide Holdings Inc.’s third revision of its rehabilitation plan after majority of the debt-strapped warehouse club operator’s creditors thumbed down the revised proposal for not being viable.
                    [DatePublished] => 2010-01-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 351700
                    [Title] => Uniwide trims 6-month loss to P94M
                    [Summary] => 



Cash-strapped retailer Uniwide Holdings Inc. trimmed its losses in the first six months of the year to P93.97 million from P141.13 million in the same period last year.


In a report filed with the Securities and Exchange Commission, Uniwide said while net sales fell to P386.64 million from P1.67 billion, the company reported other income of P31.05 million as against other expenses of P33.43 million.


                    [DatePublished] => 2006-08-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 319869
                    [Title] => Chinatrust to open 2 more branches in Cebu
                    [Summary] => Foreign-owned Chinatrust (Philippines) Commercial Bank Corporation is expanding its reach in Cebu and is poised to open two more branches this year.


Currently, the bank is waiting for   the Bangko Sentral Ng Pilipinas (BSP)' s approval to buy two bank licenses in Mandaue City and downtown area in Cebu to pursue its plan to add two more branches here.


"Hopefully within the third quarter of this year, we can already open another branch," said vice president Harry Y. Uy. 


                    [DatePublished] => 2006-02-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1298072
                    [AuthorName] => Ehda Dagooc
                    [SectionName] => Freeman Cebu Business
                    [SectionUrl] => cebu-business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 229527
                    [Title] => Cityland group gets okay for P3-B short-term CPs
                    [Summary] => The Securities and Exchange Commission (SEC) has approved the combined P3-billion short-term commercial paper issuance of Cityland Development Corp. (CDC), City & Land Developers Inc. (CLD) and Cityland Inc.


The companies comprise the Cityland group, a leading player in the real estate industry with a track record of developing prestigious condominiums.  It has been in the property development business for more than 20 years.


Of the total CPs to be sold, P1.5 billion will be issued by Cityland, P1 billion by CDC, and the remaining P500 million by CLD.


                    [DatePublished] => 2003-11-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 213726
                    [Title] => Pinoy soap in Kenya
                    [Summary] => Did you know 1: If we are importing TV soaps from Taiwan, Korea, and Mexico, we are also exporting our own to Africa.


Why, that telenovela (I forget which one because they all have similar titles hinting of unrequited love) with actress Kristine Hermosa in it is now being shown on Kenyan TV.
* * *

Did you know 2: Sales of cement – a quick indicator of construction activity – has grown by 15 percent, year-to-date.


                    [DatePublished] => 2003-07-15 00:00:00
                    [ColumnID] => 135040
                    [Focus] => 0
                    [AuthorID] => 1488513
                    [AuthorName] => Margaret Jao-Grey 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 211809
                    [Title] => Metrobank group goes into power biz with buyout of Panay Power
                    [Summary] => Metrobank subsidiaries First Metro Investment Corp. and Global Business Holdings Inc. (GBHI) have jointly entered into an agreement to acquire the entire equity interest in power generation company Panay Power Corp.


Panay Power Corp. is majority owned by First Generation Holdings Corp. (First Gen), which is a wholly-owned subsidiary of listed company First Philippine Holdings Corp. (FPHC).


Panay Electric Co., the utility distribution company operating in Iloilo, is the recipient of power generated by Panay Power. 


                    [DatePublished] => 2003-06-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 204681
                    [Title] => First Metro posts P401-M net income in 2002
                    [Summary] => First Metro Investment Corp., the investment banking arm of the Metrobank Group, posted net income of  P401 million for the year ended 2002.


"First Metro achieved respectable results in 2002 amidst a weak investment and lending market. Profitability was maintained with net income declining by a mere two percent at P401 million against P410 million in 2001," said First Metro president Francisco C. Sebastian in his report during the company’s annual stockholders’ meeting.


                    [DatePublished] => 2003-05-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 181786
                    [Title] => ‘Jose Velarde account had over P476-M deposits in 10 months’
                    [Summary] => An Equitable PCI Bank teller testified at the Sandiganbayan yesterday that over P476 million were deposited to the controversial Jose Velarde account in 10 months from September1999 to July 2000.


Returning to the witness stand, Glyzelyn Bejec, customer service assistant teller of Equitable PCI Bank, told the anti-graft court’s special division, chaired by acting Presiding Justice Minita Chico-Nazario, that she personally attended to the deposits during the 10-month period.


                    [DatePublished] => 2002-10-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097133
                    [AuthorName] =>  Jose Rodel Clapano
                    [SectionName] => Nation
                    [SectionUrl] => nation
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 180482
                    [Title] => Shemberg makes first payment under rehab program
                    [Summary] => The country’s biggest seaweed/carrageenan company, Shemberg Marketing Corp. (SMC) made its first payment of P221.8 million out of the P1.6 billion it owes to a consortium of commercial banks.


SMC chief executive officer Benson U. Dakay said the P221.8 million represents loan interests and other company commitment and obligations under an omnibus agreement signed between the company and its creditors. The agreement spelled out the company’s 10-year rehabilitation program.


                    [DatePublished] => 2002-10-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 159346
                    [Title] => BSP to revive incentives for bank mergers, acquisitions
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) is planning to revive incentives for mergers and acquisitions and add even more perks to encourage further consolidation in the banking industry.
                    [DatePublished] => 2002-05-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

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SEC rejects Uniwide's third revision of rehabilitation plan

By Zinnia B. Dela Peña | January 20, 2010 - 12:00am

The Securities and Exchange Commission has junked Uniwide Holdings Inc.’s third revision of its rehabilitation plan after majority of the debt-strapped warehouse club operator’s creditors thumbed down...

Business

Uniwide trims 6-month loss to P94M

By Zinnia B. Dela Peña | August 9, 2006 - 12:00am

Cash-strapped retailer Uniwide Holdings Inc. trimmed its losses in the first six months of the year to P93.97 million from P141.13 million in the same period last year. In a report filed with the Securities...

Business

Chinatrust to open 2 more branches in Cebu

By Ehda Dagooc | February 3, 2006 - 12:00am

Foreign-owned Chinatrust (Philippines) Commercial Bank Corporation is expanding its reach in Cebu and is poised to open two more branches this year. Currently, the bank is waiting for the Bangko Sentral Ng Pilipinas...

Freeman Cebu Business

Cityland group gets okay for P3-B short-term CPs

By Zinnia B. Dela Peña | November 28, 2003 - 12:00am

The Securities and Exchange Commission (SEC) has approved the combined P3-billion short-term commercial paper issuance of Cityland Development Corp. (CDC), City & Land Developers Inc. (CLD) and Cityland Inc. The...

Business

Pinoy soap in Kenya

By Margaret Jao-Grey  | July 15, 2003 - 12:00am

Did you know 1: If we are importing TV soaps from Taiwan, Korea, and Mexico, we are also exporting our own to Africa. Why, that telenovela (I forget which one because they all have similar titles hinting of unrequited...

Business

Metrobank group goes into power biz with buyout of Panay Power

By Ted P. Torres | June 29, 2003 - 12:00am

Metrobank subsidiaries First Metro Investment Corp. and Global Business Holdings Inc. (GBHI) have jointly entered into an agreement to acquire the entire equity interest in power generation company Panay Power Corp. Panay...

Business

First Metro posts P401-M net income in 2002

May 3, 2003 - 12:00am

First Metro Investment Corp., the investment banking arm of the Metrobank Group, posted net income of P401 million for the year ended 2002. "First Metro achieved respectable results in 2002 amidst a weak investment...

Business

‘Jose Velarde account had over P476-M deposits in 10 months’

By Jose Rodel Clapano | October 29, 2002 - 12:00am

An Equitable PCI Bank teller testified at the Sandiganbayan yesterday that over P476 million were deposited to the controversial Jose Velarde account in 10 months from September1999 to July 2000. Returning to the...

Nation

Shemberg makes first payment under rehab program

By Rocel Felix | October 19, 2002 - 12:00am

The country’s biggest seaweed/carrageenan company, Shemberg Marketing Corp. (SMC) made its first payment of P221.8 million out of the P1.6 billion it owes to a consortium of commercial banks. SMC chief executive...

Business

BSP to revive incentives for bank mergers, acquisitions

By Des Ferriols | May 2, 2002 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) is planning to revive incentives for mergers and acquisitions and add even more perks to encourage further consolidation in the banking industry.

Business