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                    [ArticleID] => 258308
                    [Title] => UCPB turns down bids for P15-B bad assets
                    [Summary] => United Coconut Planters Bank (UCPB) has turned down all bids for some P15-billion worth of bad assets put on auction late Monday due to disagreements over prices. 


The UCPB auction would have been the first sale of bad assets under the Special Purpose Vehicle Act (SPVA) and would have qualified for incentives administered by the Bangko Sentral ng Pilipinas (BSP). 


UCPB president and chief executive officer Jose L. Querubin said the bank received six sealed bids during the auction but four of the bids did not qualify and the remaining two were below the floor price. 


                    [DatePublished] => 2004-07-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] => Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 206167
                    [Title] => UCPB, Metro Pacific may tie up for P600-M project in Batangas
                    [Summary] => United Coconut Planters Bank (UCPB) is planning a joint venture with the Metro Pacific group for the development of its White Cove resort project in Nasugbu, Batangas.


Despite its financial travails, UCPB said several of its key assets have been attracting prospective investors who want to join up with the bank while others are keenly interested in acquiring its portfolio of foreclosed assets. 


                    [DatePublished] => 2003-05-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] => Des  Ferriols
                    [SectionName] => Business
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WHITE COVE

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                    [ArticleID] => 258308
                    [Title] => UCPB turns down bids for P15-B bad assets
                    [Summary] => United Coconut Planters Bank (UCPB) has turned down all bids for some P15-billion worth of bad assets put on auction late Monday due to disagreements over prices. 


The UCPB auction would have been the first sale of bad assets under the Special Purpose Vehicle Act (SPVA) and would have qualified for incentives administered by the Bangko Sentral ng Pilipinas (BSP). 


UCPB president and chief executive officer Jose L. Querubin said the bank received six sealed bids during the auction but four of the bids did not qualify and the remaining two were below the floor price. 


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                    [ColumnID] => 133272
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                    [AuthorName] => Des  Ferriols
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                    [ArticleID] => 206167
                    [Title] => UCPB, Metro Pacific may tie up for P600-M project in Batangas
                    [Summary] => United Coconut Planters Bank (UCPB) is planning a joint venture with the Metro Pacific group for the development of its White Cove resort project in Nasugbu, Batangas.


Despite its financial travails, UCPB said several of its key assets have been attracting prospective investors who want to join up with the bank while others are keenly interested in acquiring its portfolio of foreclosed assets. 


                    [DatePublished] => 2003-05-15 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096655
                    [AuthorName] => Des  Ferriols
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UCPB turns down bids for P15-B bad assets

By Des Ferriols | July 21, 2004 - 12:00am

United Coconut Planters Bank (UCPB) has turned down all bids for some P15-billion worth of bad assets put on auction late Monday due to disagreements over prices. The UCPB auction would have been the first sale...

Business

UCPB, Metro Pacific may tie up for P600-M project in Batangas

By Des Ferriols | May 15, 2003 - 12:00am

United Coconut Planters Bank (UCPB) is planning a joint venture with the Metro Pacific group for the development of its White Cove resort project in Nasugbu, Batangas. Despite its financial travails, UCPB said several...

Business