+ Follow UNITRUST Tag
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[ArticleID] => 1181061
[Title] => PDIC to settle part of Unitrust’s deposit claims Sept 9
[Summary] => Part of the deposit claims of the shuttered Unitrust Development Bank (Unitrust) will be settled on Sept. 9, the Philippine Deposit Insurance Corp. said yesterday.
[DatePublished] => 2013-09-07 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1437958
[AuthorName] => Kathlee A. Martin
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 1153261
[Title] => Unitrust depositors, creditors asked to appear in court
[Summary] => The Liquidation Court has directed depositors and creditors of the closed Unitrust Development Bank (Unitrust) to appear before the court to agree to the partial payment of their claims in kind instead of full payment in cash.
[DatePublished] => 2013-08-31 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[2] => Array
(
[ArticleID] => 252030
[Title] => Unitrust being readied for liquidation by PDIC
[Summary] => Unitrust Development Bank (Unitrust) is being readied for liquidation by the Philippine Deposit Insurance Corp (PDIC), closing the book on the bank that sank in 2002 after the take-over of controversial Japanese investor, Genta Ogami.
PDIC president Ricardo Tan said over the weekend that Unitrust is about to be tabled for liquidation pending the final approval of the PDIC board of directors.
[DatePublished] => 2004-05-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 154393
[Title] => BSP acts to prevent repeat of Unitrust Bank fiasco
[Summary] => Stung by the collapse of Unitrust Development Bank, the Bangko Sentral ng Pilipinas (BSP) wants authority to clear all bank takeovers before the transactions are consummated to prevent similar failures.
BSP Governor Rafael Buenaventura said the central bank is looking into its own rules and regulations to explore mechanisms that would allow it to clear the sale of bank shares before they become final.
[DatePublished] => 2002-03-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 148198
[Title] => 3 banks, 2 other groups eye Unitrust Bank
[Summary] => At least three local thrift banks and the two groups squabbling over closed Unitrust Development Bank have expressed interest in acquiring the bank.
Meanwhile, preliminary investigation by the Philippine Deposit Insurance Corp. (PDIC) showed the bank is still solvent even if its capital is less than the minimum requirement for a thrift bank and there is a good possibility the bank can be rehabilitated.
Nazareno, however, declined to named the three local thrift banks interested in getting Unitrust.
[DatePublished] => 2002-01-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 147003
[Title] => BSP asks Japan embassy for info on Ogami, others
[Summary] => The Bangko Sentral ng Pilipinas (BSP) is asking the Japanese government for more information on the two Japanese companies and nationals who represent them in the collapsed Unitrust Development Bank.
In particular, BSP is requesting Japan’s monetary authorities, including its agency handling anti-money laundering, to provide details about Japanese businessman Genta Ogami who is believed to be the owner of two firms that bought 20 percent of Unitrust last September.
These two companies are G. Universal Co. Ltd. and Minamoto Saiken Kaishu Co. Ltd.
[DatePublished] => 2002-01-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 146887
[Title] => Malaysian-owned MBf Inc faces liquidity problems
[Summary] => Another company faced by liquidity problems, the Malaysian-owned MBf Inc. plans to attract new investors and strategic partners to inject fresh capital for its financial restructuring program.
The publicly-listed financial service company, whose main subsidiary deals in the credit card business with its tie-up with Mastercard, has stopped its local operations since June last year due to the implementation of the restructuring plan and the divestment of its two subsidiaries.
[DatePublished] => 2002-01-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 146296
[Title] => Unitrust Bank execs barred from leaving RP
[Summary] => The Monetary Board (MB), the policymaking body of the Bangko Sentral ng Pilipinas (BSP) has banned Unitrust Development Bank, the bank owned by Japanese trader Genta Ogami which declared a bank holiday last week, from doing business and has asked the Bureau of Immigration and Deportation (BID) to include the bank’s key officers in its watch list and prevent them from leaving the country pending an investigation on the bank’s closure.
[DatePublished] => 2002-01-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 145985
[Title] => Unitrust Bank placed under receivership
[Summary] => Unitrust Development Corp., a thrift bank reportedly owned by the group of Japanese businessman Genta Ogami, declared a bank holiday yesterday and was immediately placed under receivership by the Philippine Deposit Insurance Corp. (PDIC).
The 12-branch thrift bank is the first bank to fold up this year.
Ogami is the owner of G. Cosmos Philippines which was ordered by the Securities and Exchange Commission (SEC) to close after it engaged in the sale of unregistered investment contracts.
[DatePublished] => 2002-01-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 136376
[Title] => BSP orders Unitrust to stop advertisements
[Summary] => The Bangko Sentral ng Pilipinas has ordered Unitrust Development Bank (Unitrust) to discontinue its newspaper advertisements announcing its intention to engage in businesses unrelated to its functions as a thrift bank.
At the same time, the BSP asked Unitrust to a meeting today to discuss certain issues raised by the central bank as well as the Ogami group’s business plans.
[DatePublished] => 2001-10-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
UNITRUST
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 1181061
[Title] => PDIC to settle part of Unitrust’s deposit claims Sept 9
[Summary] => Part of the deposit claims of the shuttered Unitrust Development Bank (Unitrust) will be settled on Sept. 9, the Philippine Deposit Insurance Corp. said yesterday.
[DatePublished] => 2013-09-07 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1437958
[AuthorName] => Kathlee A. Martin
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 1153261
[Title] => Unitrust depositors, creditors asked to appear in court
[Summary] => The Liquidation Court has directed depositors and creditors of the closed Unitrust Development Bank (Unitrust) to appear before the court to agree to the partial payment of their claims in kind instead of full payment in cash.
[DatePublished] => 2013-08-31 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 252030
[Title] => Unitrust being readied for liquidation by PDIC
[Summary] => Unitrust Development Bank (Unitrust) is being readied for liquidation by the Philippine Deposit Insurance Corp (PDIC), closing the book on the bank that sank in 2002 after the take-over of controversial Japanese investor, Genta Ogami.
PDIC president Ricardo Tan said over the weekend that Unitrust is about to be tabled for liquidation pending the final approval of the PDIC board of directors.
[DatePublished] => 2004-05-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 154393
[Title] => BSP acts to prevent repeat of Unitrust Bank fiasco
[Summary] => Stung by the collapse of Unitrust Development Bank, the Bangko Sentral ng Pilipinas (BSP) wants authority to clear all bank takeovers before the transactions are consummated to prevent similar failures.
BSP Governor Rafael Buenaventura said the central bank is looking into its own rules and regulations to explore mechanisms that would allow it to clear the sale of bank shares before they become final.
[DatePublished] => 2002-03-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 148198
[Title] => 3 banks, 2 other groups eye Unitrust Bank
[Summary] => At least three local thrift banks and the two groups squabbling over closed Unitrust Development Bank have expressed interest in acquiring the bank.
Meanwhile, preliminary investigation by the Philippine Deposit Insurance Corp. (PDIC) showed the bank is still solvent even if its capital is less than the minimum requirement for a thrift bank and there is a good possibility the bank can be rehabilitated.
Nazareno, however, declined to named the three local thrift banks interested in getting Unitrust.
[DatePublished] => 2002-01-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 147003
[Title] => BSP asks Japan embassy for info on Ogami, others
[Summary] => The Bangko Sentral ng Pilipinas (BSP) is asking the Japanese government for more information on the two Japanese companies and nationals who represent them in the collapsed Unitrust Development Bank.
In particular, BSP is requesting Japan’s monetary authorities, including its agency handling anti-money laundering, to provide details about Japanese businessman Genta Ogami who is believed to be the owner of two firms that bought 20 percent of Unitrust last September.
These two companies are G. Universal Co. Ltd. and Minamoto Saiken Kaishu Co. Ltd.
[DatePublished] => 2002-01-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 146887
[Title] => Malaysian-owned MBf Inc faces liquidity problems
[Summary] => Another company faced by liquidity problems, the Malaysian-owned MBf Inc. plans to attract new investors and strategic partners to inject fresh capital for its financial restructuring program.
The publicly-listed financial service company, whose main subsidiary deals in the credit card business with its tie-up with Mastercard, has stopped its local operations since June last year due to the implementation of the restructuring plan and the divestment of its two subsidiaries.
[DatePublished] => 2002-01-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 146296
[Title] => Unitrust Bank execs barred from leaving RP
[Summary] => The Monetary Board (MB), the policymaking body of the Bangko Sentral ng Pilipinas (BSP) has banned Unitrust Development Bank, the bank owned by Japanese trader Genta Ogami which declared a bank holiday last week, from doing business and has asked the Bureau of Immigration and Deportation (BID) to include the bank’s key officers in its watch list and prevent them from leaving the country pending an investigation on the bank’s closure.
[DatePublished] => 2002-01-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 145985
[Title] => Unitrust Bank placed under receivership
[Summary] => Unitrust Development Corp., a thrift bank reportedly owned by the group of Japanese businessman Genta Ogami, declared a bank holiday yesterday and was immediately placed under receivership by the Philippine Deposit Insurance Corp. (PDIC).
The 12-branch thrift bank is the first bank to fold up this year.
Ogami is the owner of G. Cosmos Philippines which was ordered by the Securities and Exchange Commission (SEC) to close after it engaged in the sale of unregistered investment contracts.
[DatePublished] => 2002-01-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 136376
[Title] => BSP orders Unitrust to stop advertisements
[Summary] => The Bangko Sentral ng Pilipinas has ordered Unitrust Development Bank (Unitrust) to discontinue its newspaper advertisements announcing its intention to engage in businesses unrelated to its functions as a thrift bank.
At the same time, the BSP asked Unitrust to a meeting today to discuss certain issues raised by the central bank as well as the Ogami group’s business plans.
[DatePublished] => 2001-10-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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August 31, 2013 - 12:00am
January 24, 2002 - 12:00am
January 14, 2002 - 12:00am
January 13, 2002 - 12:00am
January 8, 2002 - 12:00am
