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                    [ArticleID] => 172468
                    [Title] => PDIC to proceed with bidding for Unitrust
                    [Summary] => The Philippine Deposit Insurance Corp. (PDIC) remains undaunted by a temporary restraining order (TRO) issued by a Makati Regional Trial Court stopping the sale of the controversial Unitrust Development Bank (Unitrust).


"We will go on (with the public bidding)," PDIC president Norberto C. Nazareno said over the weekend. "It (TRO) does not say we cannot hold a public bidding."


The PDIC already received an undisclosed number of bids last Aug. 15, and has scheduled a public bidding on Aug. 29.


                    [DatePublished] => 2002-08-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 172335
                    [Title] => PDIC stopped from selling Unitrust assets
                    [Summary] => The Makati Regional Trial Court has issued an order stopping the Philippine Deposit Insurance Corp. (PDIC) from selling the assets of Unitrust Development Bank. 


The temporary restraining order (TRO) will be in effect for 20 days starting on Aug. 14. 


The court also ordered the PDIC to refrain from awarding or accepting "the rehabilitation program of Philippine Bank of Communications (PBCom) without the requisite stockholders’ approval." 


                    [DatePublished] => 2002-08-17 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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FLOR ORENDAIN

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                    [ArticleID] => 172468
                    [Title] => PDIC to proceed with bidding for Unitrust
                    [Summary] => The Philippine Deposit Insurance Corp. (PDIC) remains undaunted by a temporary restraining order (TRO) issued by a Makati Regional Trial Court stopping the sale of the controversial Unitrust Development Bank (Unitrust).


"We will go on (with the public bidding)," PDIC president Norberto C. Nazareno said over the weekend. "It (TRO) does not say we cannot hold a public bidding."


The PDIC already received an undisclosed number of bids last Aug. 15, and has scheduled a public bidding on Aug. 29.


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                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] =>  Ted P. Torres
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                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 172335
                    [Title] => PDIC stopped from selling Unitrust assets
                    [Summary] => The Makati Regional Trial Court has issued an order stopping the Philippine Deposit Insurance Corp. (PDIC) from selling the assets of Unitrust Development Bank. 


The temporary restraining order (TRO) will be in effect for 20 days starting on Aug. 14. 


The court also ordered the PDIC to refrain from awarding or accepting "the rehabilitation program of Philippine Bank of Communications (PBCom) without the requisite stockholders’ approval." 


                    [DatePublished] => 2002-08-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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                )

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abtest

PDIC to proceed with bidding for Unitrust

By Ted P. Torres | August 18, 2002 - 12:00am

The Philippine Deposit Insurance Corp. (PDIC) remains undaunted by a temporary restraining order (TRO) issued by a Makati Regional Trial Court stopping the sale of the controversial Unitrust Development Bank (Unitrust). "We...

Business

PDIC stopped from selling Unitrust assets

By Ted P. Torres | August 17, 2002 - 12:00am

The Makati Regional Trial Court has issued an order stopping the Philippine Deposit Insurance Corp. (PDIC) from selling the assets of Unitrust Development Bank. The temporary restraining order (TRO) will be in...

Business