^
+ Follow URBANCORP Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 249613
                    [Title] => SEC, BSP agree on joint audit of non-bank financial institutions
                    [Summary] => The Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas(BSP) have agreed to conduct joint examination of entities they both regulate to ensure an effective and efficient supervision of the financial sector.

[DatePublished] => 2004-05-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 219184 [Title] => SEC to conduct more on-site audits [Summary] => The Securities and Exchange Commission (SEC) will conduct more on-site audits and investigations on companies to verify suspected or alleged violations of its rules and regulations.

SEC Chairman Lilia R. Bautista said they will continue to implement joint audits with the Philippine Stock Exchange (PSE) and the Bangko Sentral ng Pilipinas (BSP)to ensure compliance of the securities law.

Bautista said among the SEC’s top priorities is to strengthen investor protection by continuing to aggressively investigate and prosecute capital market violations.
[DatePublished] => 2003-08-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 181151 [Title] => EIB to rationalize subsidiaries [Summary] => Export and Industry Bank (EIB) will look into the state of its subsidiaries in a move to assess and rationalize their continued operations as the bank streamlines its focus on profitable ventures.

In a letter to the Philippine Stock Exchange, EIB said the rationalization of its various subsidiaries and affiliates started upon the takeover and merger of EIB, Urban Bank Inc. and Urbancorp Investments Inc. last year, and was led by the sale of its travel agency Urbancorp Travel Services Inc. to the Unilab Group in December 2001.
[DatePublished] => 2002-10-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 141447 [Title] => Rules on sales pitch of bank units out soon [Summary] => The Monetary Board (MB), the policymaking body of the Bangko Sentral ng Pilipinas (BSP), will come out shortly with guidelines authorizing banks to peddle products of their subsidiaries in their bank branches.

BSP Deputy Governor Alberto Reyes said a central bank circular will be issued soon to make effective Section 20 of the General Banking Law signed last year.
[DatePublished] => 2001-11-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 132942 [Title] => DOJ files three new cases versus 5 Urban Bank offi [Summary] => The Department of Justice has filed three new criminal cases against five Urban Bank Inc. officials, including its former president and chief executive Teodoro Borlongan, for violating the country’s laws on lending.

Borlongan and four other former officers of Urban Bank were charged with violating the central bank’s single borrower’s limit" and "real estate exposure limit," when they "unlawfully" and "feloniously" purchased "trash" receivables from Urbancorp Investments Inc. on April 19, 2000.
[DatePublished] => 2001-09-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 98991 [Title] => SEC names Urbancorp receiver [Summary] =>

The Securities and Exchange Commission (SEC) has appointed Corazon dela Paz as interim receiver for Urbancorp Investments Inc.

As interim receiver, Dela Paz will manage the operations of Urbancorp and ensure that the company's proposed rehabilitation plan is properly implemented.

Dela Paz is the chairman and senior partner of accounting firm Joaquin Cunanan and Co. which is affiliated with international accounting and auditing firm Price Waterhouse. [DatePublished] => 2000-05-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 98969 [Title] => SEC grants Urbancorp request for debt relief [Summary] =>

The Securities and Exchange Commission (SEC) has granted the request of Urbancorp Investments Inc., the collapsed investment house of Urban Bank, for a 60-day debt payment reprieve.

not_entIn its order, the SEC said the suspension of debt payments will keep Urbancorp's creditors at bay which is needed for the investment house to get its finances and remaining assets in order.

In another order, the SEC's brokers and exchange department withheld the revocation of Urbancorp's license to op [DatePublished] => 2000-05-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 98975 [Title] => BSP nixes 'one-stop shop' proposal of banks [Summary] =>

The Bangko Sentral ng Pilipinas (BSP) is no longer amenable to a proposal to allow banks to sell products and services offered by their subsidiaries and affiliates.

According to BSP Gov. Rafael B. Buenaventura, the Urban Bank and Urbancorp Investment Inc. [DatePublished] => 2000-05-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 98944 [Title] => BSP to blame for Urban fiasco -SEC [Summary] =>

The Securities and Exchange Commission (SEC) has denied any responsibility in supervising or regulating investment houses, claiming that the Bangko Sentral ng Pilipinas (BSP) has retained supervision over investment houses, including Urbancorp Investment Inc. and Westmont Investment Inc. (Wincorp).

In a memorandum dated May 4, 2000, the corporate watchdog took exception to news articles quoting BSP Gov. Rafael B. [DatePublished] => 2000-05-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 98904 [Title] => BSP, SEC set probe of Urbancorp Investment [Summary] =>

The Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) will investigate the transactions of Urban Bank's failed investment house, Urbancorp Investment Corp., BSP Gov. Rafael B. [DatePublished] => 2000-05-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )

URBANCORP
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 249613
                    [Title] => SEC, BSP agree on joint audit of non-bank financial institutions
                    [Summary] => The Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas(BSP) have agreed to conduct joint examination of entities they both regulate to ensure an effective and efficient supervision of the financial sector.

[DatePublished] => 2004-05-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 219184 [Title] => SEC to conduct more on-site audits [Summary] => The Securities and Exchange Commission (SEC) will conduct more on-site audits and investigations on companies to verify suspected or alleged violations of its rules and regulations.

SEC Chairman Lilia R. Bautista said they will continue to implement joint audits with the Philippine Stock Exchange (PSE) and the Bangko Sentral ng Pilipinas (BSP)to ensure compliance of the securities law.

Bautista said among the SEC’s top priorities is to strengthen investor protection by continuing to aggressively investigate and prosecute capital market violations.
[DatePublished] => 2003-08-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 181151 [Title] => EIB to rationalize subsidiaries [Summary] => Export and Industry Bank (EIB) will look into the state of its subsidiaries in a move to assess and rationalize their continued operations as the bank streamlines its focus on profitable ventures.

In a letter to the Philippine Stock Exchange, EIB said the rationalization of its various subsidiaries and affiliates started upon the takeover and merger of EIB, Urban Bank Inc. and Urbancorp Investments Inc. last year, and was led by the sale of its travel agency Urbancorp Travel Services Inc. to the Unilab Group in December 2001.
[DatePublished] => 2002-10-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 141447 [Title] => Rules on sales pitch of bank units out soon [Summary] => The Monetary Board (MB), the policymaking body of the Bangko Sentral ng Pilipinas (BSP), will come out shortly with guidelines authorizing banks to peddle products of their subsidiaries in their bank branches.

BSP Deputy Governor Alberto Reyes said a central bank circular will be issued soon to make effective Section 20 of the General Banking Law signed last year.
[DatePublished] => 2001-11-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 132942 [Title] => DOJ files three new cases versus 5 Urban Bank offi [Summary] => The Department of Justice has filed three new criminal cases against five Urban Bank Inc. officials, including its former president and chief executive Teodoro Borlongan, for violating the country’s laws on lending.

Borlongan and four other former officers of Urban Bank were charged with violating the central bank’s single borrower’s limit" and "real estate exposure limit," when they "unlawfully" and "feloniously" purchased "trash" receivables from Urbancorp Investments Inc. on April 19, 2000.
[DatePublished] => 2001-09-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 98991 [Title] => SEC names Urbancorp receiver [Summary] =>

The Securities and Exchange Commission (SEC) has appointed Corazon dela Paz as interim receiver for Urbancorp Investments Inc.

As interim receiver, Dela Paz will manage the operations of Urbancorp and ensure that the company's proposed rehabilitation plan is properly implemented.

Dela Paz is the chairman and senior partner of accounting firm Joaquin Cunanan and Co. which is affiliated with international accounting and auditing firm Price Waterhouse. [DatePublished] => 2000-05-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 98969 [Title] => SEC grants Urbancorp request for debt relief [Summary] =>

The Securities and Exchange Commission (SEC) has granted the request of Urbancorp Investments Inc., the collapsed investment house of Urban Bank, for a 60-day debt payment reprieve.

not_entIn its order, the SEC said the suspension of debt payments will keep Urbancorp's creditors at bay which is needed for the investment house to get its finances and remaining assets in order.

In another order, the SEC's brokers and exchange department withheld the revocation of Urbancorp's license to op [DatePublished] => 2000-05-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 98975 [Title] => BSP nixes 'one-stop shop' proposal of banks [Summary] =>

The Bangko Sentral ng Pilipinas (BSP) is no longer amenable to a proposal to allow banks to sell products and services offered by their subsidiaries and affiliates.

According to BSP Gov. Rafael B. Buenaventura, the Urban Bank and Urbancorp Investment Inc. [DatePublished] => 2000-05-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 98944 [Title] => BSP to blame for Urban fiasco -SEC [Summary] =>

The Securities and Exchange Commission (SEC) has denied any responsibility in supervising or regulating investment houses, claiming that the Bangko Sentral ng Pilipinas (BSP) has retained supervision over investment houses, including Urbancorp Investment Inc. and Westmont Investment Inc. (Wincorp).

In a memorandum dated May 4, 2000, the corporate watchdog took exception to news articles quoting BSP Gov. Rafael B. [DatePublished] => 2000-05-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 98904 [Title] => BSP, SEC set probe of Urbancorp Investment [Summary] =>

The Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) will investigate the transactions of Urban Bank's failed investment house, Urbancorp Investment Corp., BSP Gov. Rafael B. [DatePublished] => 2000-05-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )

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