UNITED OVERSEAS BANK PHILIPPINES

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                    [ArticleID] => 214271
                    [Title] => Reyes downplays attempt to liquidate Nat’l Steel assets
                    [Summary] => Trade and Industry Secretary Manuel Roxas II is downplaying an attempt of a creditor bank of the National Steel Corp. (NSC) to liquidate the assets of the mothballed steel firm, a move which could endanger the whole restructuring and rehabilitation plan the government is trying to hammer out.


In an interview,  Roxas said that the liquidation proposal comes from only one bank and does not mean that the creditor consortium is breaking up.


"It is just one bank which has an actual mortgage. It will not break up the creditor consortium," Roxas assured.


                    [DatePublished] => 2003-07-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097285
                    [AuthorName] =>  Marianne  V.  Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 167760
                    [Title] => UOB completes buyout, readies capital hike
                    [Summary] => United Overseas Bank Ltd. (UOBL), Singapore’s largest private bank, formally acquired the remaining Filipino shareholdings in United Overseas Bank Philippines (UOBP) last Friday night and is now readying the infusion of more funds into UOBP to reposition its local operations and support its growth and capitalize on market opportunities.


"The agreement was beneficial to all the parties and certainly to UOBP which can now concentrate on building up its business as a commercial bank," the Singaporean and Filipino partners said in a joint statement.


                    [DatePublished] => 2002-07-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [2] => Array
                (
                    [ArticleID] => 99055
                    [Title] => Wincorp asks SEC to recall CDO
                    [Summary] => 

Westmont Investment Corp. is asking the Securities and Exchange Commission to
scrap a cease and desist order (CDO) preventing the company (Wincorp) from
continuing its operations.

Legal counsels for Wincorp, Romulo Serrano & Carmello Law Offices filed a
motion for reconsideration with the SEC, and asked to be furnished documents to
justify the issuance of a CDO.

The SEC last week slammed the CDO on Wincorp, preventing it from further
soliciting and issuing commercial papers.
                    [DatePublished] => 2000-05-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

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Reyes downplays attempt to liquidate Nat’l Steel assets

By Marianne V. Go | July 20, 2003 - 12:00am

Trade and Industry Secretary Manuel Roxas II is downplaying an attempt of a creditor bank of the National Steel Corp. (NSC) to liquidate the assets of the mothballed steel firm, a move which could endanger the whole...

Business

UOB completes buyout, readies capital hike

July 10, 2002 - 12:00am

United Overseas Bank Ltd. (UOBL), Singapore’s largest private bank, formally acquired the remaining Filipino shareholdings in United Overseas Bank Philippines (UOBP) last Friday night and is now readying the...

Business

Wincorp asks SEC to recall CDO

By Rocel Felix | May 15, 2000 - 12:00am

Westmont Investment Corp. is asking the Securities and Exchange Commission to scrap a cease and desist order (CDO) preventing the company (Wincorp) from continuing its operations. Legal counsels for Wincorp,...

Business