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                    [ArticleID] => 180181
                    [Title] => GMA publicist acquires 60% stake in thrift bank
                    [Summary] => The shopping spree of President Arroyo’s image maker continues.


A group led by presidential publicist Dante Ang has reportedly acquired a 60 percent stake in Bankwise, the thrift bank formerly known as Bank Dharmala.


Banking sources said Ang acquired Bankwise and was elected chairman of the bank’s board of directors.


A veteran public relations agent, Ang acquired the national daily newspaper The Manila Times last year from Manila Rep. Mark Jimenez and the Filipino-language daily Kabayan.


                    [DatePublished] => 2002-10-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
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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] => 
                )

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                    [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
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 146704
                    [Title] => Recto seeks probe of pyramid schemes
                    [Summary] => Sen. Ralph Recto is seeking an investigation into pyramiding schemes following the case involving the group led by Japanese businessman Genta Ogami of the Unitrust Development Bank.


"People, especially those looking for additional income in these hard times, can easily be hoodwinked of their hard-earned money, especially when government is just too slow on pencil-pushing on complaints against the pyramiding scheme," Recto said.


                    [DatePublished] => 2002-01-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804901
                    [AuthorName] => Aurea Calica
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
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                    [ArticleID] => 146559
                    [Title] => PDIC schedules claims servicing for Unitrust
                    [Summary] => The Philippine Deposit Insurance Corp. (PDIC) will start servicing claims for insured deposits with the closed Unitrust Development Bank (UDB) on Friday Jan. 18, 2002.


Depositors are requested to file their claims at their respective branches Jan. 18, 2002, onwards, Monday to Friday, 8 am. to 5 p.m. Depositors are required to submit their evidences of deposits such as savings passbook or original certificates of time deposit and latest identification documents (IDs) with the depositor’s specimen signature. 


                    [DatePublished] => 2002-01-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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UNITRUST BANK

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                    [ArticleID] => 180181
                    [Title] => GMA publicist acquires 60% stake in thrift bank
                    [Summary] => The shopping spree of President Arroyo’s image maker continues.


A group led by presidential publicist Dante Ang has reportedly acquired a 60 percent stake in Bankwise, the thrift bank formerly known as Bank Dharmala.


Banking sources said Ang acquired Bankwise and was elected chairman of the bank’s board of directors.


A veteran public relations agent, Ang acquired the national daily newspaper The Manila Times last year from Manila Rep. Mark Jimenez and the Filipino-language daily Kabayan.


                    [DatePublished] => 2002-10-17 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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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] => 
                )

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                    [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
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 146704
                    [Title] => Recto seeks probe of pyramid schemes
                    [Summary] => Sen. Ralph Recto is seeking an investigation into pyramiding schemes following the case involving the group led by Japanese businessman Genta Ogami of the Unitrust Development Bank.


"People, especially those looking for additional income in these hard times, can easily be hoodwinked of their hard-earned money, especially when government is just too slow on pencil-pushing on complaints against the pyramiding scheme," Recto said.


                    [DatePublished] => 2002-01-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804901
                    [AuthorName] => Aurea Calica
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 146559
                    [Title] => PDIC schedules claims servicing for Unitrust
                    [Summary] => The Philippine Deposit Insurance Corp. (PDIC) will start servicing claims for insured deposits with the closed Unitrust Development Bank (UDB) on Friday Jan. 18, 2002.


Depositors are requested to file their claims at their respective branches Jan. 18, 2002, onwards, Monday to Friday, 8 am. to 5 p.m. Depositors are required to submit their evidences of deposits such as savings passbook or original certificates of time deposit and latest identification documents (IDs) with the depositor’s specimen signature. 


                    [DatePublished] => 2002-01-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

abtest

GMA publicist acquires 60% stake in thrift bank

By Des Ferriols | October 17, 2002 - 12:00am

The shopping spree of President Arroyo’s image maker continues. A group led by presidential publicist Dante Ang has reportedly acquired a 60 percent stake in Bankwise, the thrift bank formerly known as Bank...

Headlines

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

Recto seeks probe of pyramid schemes

By Aurea Calica | January 11, 2002 - 12:00am

Sen. Ralph Recto is seeking an investigation into pyramiding schemes following the case involving the group led by Japanese businessman Genta Ogami of the Unitrust Development Bank. "People, especially those...

Business

PDIC schedules claims servicing for Unitrust

January 10, 2002 - 12:00am

The Philippine Deposit Insurance Corp. (PDIC) will start servicing claims for insured deposits with the closed Unitrust Development Bank (UDB) on Friday Jan. 18, 2002. Depositors are requested to file their claims...

Business