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                    [ArticleID] => 167307
                    [Title] => MB okays Espiritu group’s sellout to UOB Singapore
                    [Summary] => The Monetary Board has approved the buy-in of the United Overseas Bank of Singapore into UOB of the Philippines, sealing the transaction that would give the Singaporean group 100-percent interest in the bank.


Bangko Sentral ng Pilipinas (BSP) Governor Rafael Buenaventura told reporters that the board has flashed the green light for a group of Filipino shareholders led by former finance secretary Edgardo Espiritu to sell their interests to the Singaporean group for an undisclosed amount.


                    [DatePublished] => 2002-07-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 164679
                    [Title] => UOBP protagonists told to settle their differences
                    [Summary] => Monetary authorities are urging the contending factions in the United Overseas Bank of the Philippines (UOBP) to find a win-win formula or face the risk of both losing the bank.


In a press briefing, Bangko Sentral ng Pilipinas (BSP) Governor Rafael B. Buenaventura said they are trying to get the two contending parties to sit down and talk rather than throw charges and counter-charges against each other.


                    [DatePublished] => 2002-06-15 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 163217
                    [Title] => UOB seeks disqualification of 4 directors
                    [Summary] => The United Overseas Bank of the Philippines (UOBP) has asked the Monetary Board to disqualify four of its directors for allegedly trying to trigger a bank run.


In a letter to the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP), the UOBP asked for the disqualification of directors Avelino Sebastian Jr., Alfonso Reyno Jr., Victor P. Lazatin and Ferdinand A. Domingo.


                    [DatePublished] => 2002-06-03 00:00:00
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                    [ArticleID] => 162965
                    [Title] => UOB to appeal court order
                    [Summary] => The United Overseas Bank of the Philippines (UOBP) said yesterday it will file an appeal seeking to reverse an injunction order issued recently by the Manila Regional Trial Court.


The court has ordered the UOBP, the United Overseas Bank Ltd. of Singapore (UOBL), and the minority group of UOBP led by the son of former finance secretary Edgardo Espiritu and Jolibee Food Corp. president Antonio Tan Caktiong, to refrain from participating in an arbitration hearing conducted by the Australian Commercial Disputes Center (ACDC) in Sydney, Australia.


                    [DatePublished] => 2002-06-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
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AVELINO SEBASTIAN JR.

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                    [ArticleID] => 167307
                    [Title] => MB okays Espiritu group’s sellout to UOB Singapore
                    [Summary] => The Monetary Board has approved the buy-in of the United Overseas Bank of Singapore into UOB of the Philippines, sealing the transaction that would give the Singaporean group 100-percent interest in the bank.


Bangko Sentral ng Pilipinas (BSP) Governor Rafael Buenaventura told reporters that the board has flashed the green light for a group of Filipino shareholders led by former finance secretary Edgardo Espiritu to sell their interests to the Singaporean group for an undisclosed amount.


                    [DatePublished] => 2002-07-06 00:00:00
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                    [ArticleID] => 164679
                    [Title] => UOBP protagonists told to settle their differences
                    [Summary] => Monetary authorities are urging the contending factions in the United Overseas Bank of the Philippines (UOBP) to find a win-win formula or face the risk of both losing the bank.


In a press briefing, Bangko Sentral ng Pilipinas (BSP) Governor Rafael B. Buenaventura said they are trying to get the two contending parties to sit down and talk rather than throw charges and counter-charges against each other.


                    [DatePublished] => 2002-06-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => 
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                    [SectionUrl] => business
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                    [ArticleID] => 163217
                    [Title] => UOB seeks disqualification of 4 directors
                    [Summary] => The United Overseas Bank of the Philippines (UOBP) has asked the Monetary Board to disqualify four of its directors for allegedly trying to trigger a bank run.


In a letter to the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP), the UOBP asked for the disqualification of directors Avelino Sebastian Jr., Alfonso Reyno Jr., Victor P. Lazatin and Ferdinand A. Domingo.


                    [DatePublished] => 2002-06-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 162965
                    [Title] => UOB to appeal court order
                    [Summary] => The United Overseas Bank of the Philippines (UOBP) said yesterday it will file an appeal seeking to reverse an injunction order issued recently by the Manila Regional Trial Court.


The court has ordered the UOBP, the United Overseas Bank Ltd. of Singapore (UOBL), and the minority group of UOBP led by the son of former finance secretary Edgardo Espiritu and Jolibee Food Corp. president Antonio Tan Caktiong, to refrain from participating in an arbitration hearing conducted by the Australian Commercial Disputes Center (ACDC) in Sydney, Australia.


                    [DatePublished] => 2002-06-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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abtest

MB okays Espiritu group’s sellout to UOB Singapore

July 6, 2002 - 12:00am

The Monetary Board has approved the buy-in of the United Overseas Bank of Singapore into UOB of the Philippines, sealing the transaction that would give the Singaporean group 100-percent interest in the bank. Bangko...

Business

UOBP protagonists told to settle their differences

June 15, 2002 - 12:00am

Monetary authorities are urging the contending factions in the United Overseas Bank of the Philippines (UOBP) to find a win-win formula or face the risk of both losing the bank. In a press briefing, Bangko Sentral...

Business

UOB seeks disqualification of 4 directors

June 3, 2002 - 12:00am

The United Overseas Bank of the Philippines (UOBP) has asked the Monetary Board to disqualify four of its directors for allegedly trying to trigger a bank run. In a letter to the Monetary Board (MB) of the Bangko...

Business

UOB to appeal court order

By Ted P. Torres | June 1, 2002 - 12:00am

The United Overseas Bank of the Philippines (UOBP) said yesterday it will file an appeal seeking to reverse an injunction order issued recently by the Manila Regional Trial Court. The court has ordered the UOBP,...

Business