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    [results] => Array
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                    [ArticleID] => 148737
                    [Title] => PNB bucks amended rehab plan of Uniwide
                    [Summary] => The Philippine National Bank (PNB) has asked the Securities and Exchange Commission (SEC) to junk the amended rehabilitation plan proposed by Uniwide Sales Inc.


In an opposition filed with the SEC, PNB said that it would be paid proportionately with Allied Bank Corp. through dacion en pago of Metromall.


The payment will be net of Warehouse Club and will be executed either through  direct transfer or the formation of a special purpose vehicle.


                    [DatePublished] => 2002-01-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 96157
                    [Title] => Uniwide Group incurs P61-M loss in first quarter
                    [Summary] => The Uniwide Group of Companies  incurred a net loss of P61.077 million in the first three months of 2001, hardly an improvement from a net loss of P62.169 million in the same period a year ago.


Based on financial records filed at the Securities and Exchange Commission, Uniwide Holdings Inc. and its subsidiaries generated an operating income of P92.704 million during the period in review, less than the P99.414 million income from operations a year earlier.


                    [DatePublished] => 2001-05-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [2] => Array
                (
                    [ArticleID] => 95836
                    [Title] => Absence of ‘white knight’ may derail Uniwide rehab plan
                    [Summary] => At the rate things are going, it seems the Uniwide Group may be headed towards liquidation.


After it was abruptly abandoned by its supposed strategic investor, the French retail giant Casino Guichard-Perrachon early this year, Uniwide now finds its rehabilitation plan in jeopardy since no other "white knight" has come forward to rescue the debt-saddled flagship chain Uniwide Sales Inc. and its sister companies.


                    [DatePublished] => 2001-04-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [3] => Array
                (
                    [ArticleID] => 96333
                    [Title] => KBs may convert loans to equity in ailing firms — BSP
                    [Summary] => Commercial banks could soon acquire interests in companies or concerns about to go under, especially those in which they have substantial exposures.


Bangko Sentral ng Pilipinas Deputy Governor Alberto Reyes said the BSP is drawing up guidelines that will allow commercial banks to recover their loan exposures in losing companies about to be foreclosed.


The exit mechanism, he said, will allow banks to convert their loans into equity in these companies, equivalent to their exposures in the losing entities.


                    [DatePublished] => 2001-03-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 101355
                    [Title] => Equitable bucks sale of Uniwide subsidiary
                    [Summary] => 

Equitable PCI Bank, one of the creditors of Uniwide Sales Inc. (USI) is
opposing the sale of its retail subsidiary, First Paragon Corp.
                    [DatePublished] => 2000-01-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

UNIWIDE SALES INC

Array
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    [results] => Array
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                    [ArticleID] => 148737
                    [Title] => PNB bucks amended rehab plan of Uniwide
                    [Summary] => The Philippine National Bank (PNB) has asked the Securities and Exchange Commission (SEC) to junk the amended rehabilitation plan proposed by Uniwide Sales Inc.


In an opposition filed with the SEC, PNB said that it would be paid proportionately with Allied Bank Corp. through dacion en pago of Metromall.


The payment will be net of Warehouse Club and will be executed either through  direct transfer or the formation of a special purpose vehicle.


                    [DatePublished] => 2002-01-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 96157
                    [Title] => Uniwide Group incurs P61-M loss in first quarter
                    [Summary] => The Uniwide Group of Companies  incurred a net loss of P61.077 million in the first three months of 2001, hardly an improvement from a net loss of P62.169 million in the same period a year ago.


Based on financial records filed at the Securities and Exchange Commission, Uniwide Holdings Inc. and its subsidiaries generated an operating income of P92.704 million during the period in review, less than the P99.414 million income from operations a year earlier.


                    [DatePublished] => 2001-05-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 95836
                    [Title] => Absence of ‘white knight’ may derail Uniwide rehab plan
                    [Summary] => At the rate things are going, it seems the Uniwide Group may be headed towards liquidation.


After it was abruptly abandoned by its supposed strategic investor, the French retail giant Casino Guichard-Perrachon early this year, Uniwide now finds its rehabilitation plan in jeopardy since no other "white knight" has come forward to rescue the debt-saddled flagship chain Uniwide Sales Inc. and its sister companies.


                    [DatePublished] => 2001-04-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 96333
                    [Title] => KBs may convert loans to equity in ailing firms — BSP
                    [Summary] => Commercial banks could soon acquire interests in companies or concerns about to go under, especially those in which they have substantial exposures.


Bangko Sentral ng Pilipinas Deputy Governor Alberto Reyes said the BSP is drawing up guidelines that will allow commercial banks to recover their loan exposures in losing companies about to be foreclosed.


The exit mechanism, he said, will allow banks to convert their loans into equity in these companies, equivalent to their exposures in the losing entities.


                    [DatePublished] => 2001-03-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 101355
                    [Title] => Equitable bucks sale of Uniwide subsidiary
                    [Summary] => 

Equitable PCI Bank, one of the creditors of Uniwide Sales Inc. (USI) is
opposing the sale of its retail subsidiary, First Paragon Corp.
                    [DatePublished] => 2000-01-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

PNB bucks amended rehab plan of Uniwide

By Des Ferriols | January 29, 2002 - 12:00am

The Philippine National Bank (PNB) has asked the Securities and Exchange Commission (SEC) to junk the amended rehabilitation plan proposed by Uniwide Sales Inc. In an opposition filed with the SEC, PNB said that...

Business

Uniwide Group incurs P61-M loss in first quarter

May 23, 2001 - 12:00am

The Uniwide Group of Companies incurred a net loss of P61.077 million in the first three months of 2001, hardly an improvement from a net loss of P62.169 million in the same period a year ago. Based on financial...

Business

Absence of ‘white knight’ may derail Uniwide rehab plan

April 23, 2001 - 12:00am

At the rate things are going, it seems the Uniwide Group may be headed towards liquidation. After it was abruptly abandoned by its supposed strategic investor, the French retail giant Casino Guichard-Perrachon early...

Business

KBs may convert loans to equity in ailing firms — BSP

March 7, 2001 - 12:00am

Commercial banks could soon acquire interests in companies or concerns about to go under, especially those in which they have substantial exposures. Bangko Sentral ng Pilipinas Deputy Governor Alberto Reyes said...

Business

Equitable bucks sale of Uniwide subsidiary

By Rocel Felix | January 17, 2000 - 12:00am

Equitable PCI Bank, one of the creditors of Uniwide Sales Inc. (USI) is opposing the sale of its retail subsidiary, First Paragon Corp.

Business