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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 146553 [Title] => Ogami used Unitrust Developement Bank for cross-border pyramiding workers [Summary] => The group led by Genta Ogami was using the Unitrust Development Bank as a "cross-border pyramid" instrument, according to former bank employees.
The employees, who requested anonymity, said Ogami, owner of G. Cosmos Philippines Inc., is also the owner of G. Universe Co., G. Cosmos Indonesia and G. Cosmos Italy.
Money raised from one office, say in the Philippines, is used to attract investments another office, say in Indonesia, the employees revealed.
"It would thus be logical for Ogami and his group to buy a bank," they added.
[DatePublished] => 2002-01-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
COSMOS INDONESIA AND G
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 146553 [Title] => Ogami used Unitrust Developement Bank for cross-border pyramiding workers [Summary] => The group led by Genta Ogami was using the Unitrust Development Bank as a "cross-border pyramid" instrument, according to former bank employees.
The employees, who requested anonymity, said Ogami, owner of G. Cosmos Philippines Inc., is also the owner of G. Universe Co., G. Cosmos Indonesia and G. Cosmos Italy.
Money raised from one office, say in the Philippines, is used to attract investments another office, say in Indonesia, the employees revealed.
"It would thus be logical for Ogami and his group to buy a bank," they added.
[DatePublished] => 2002-01-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Ted P. Torres | January 10, 2002 - 12:00am
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The House of Representatives, under the leadership of Speaker Martin Romualdez, yesterday vowed to extend help to victims of Super Typhoon Pepito, organizing a relief caravan bound for the Bicol region.
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President Ferdinand Marcos Jr. on Monday signed a new law that streamlines tax incentives for businesses in the Philippines, including the taxation of companies in special economic zones.
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