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                    [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
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                    [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
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                    [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
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MINAMOTO SAIKEN KAISHU CO

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                    [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
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                    [AuthorName] =>  Des  Ferriols
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                    [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
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                    [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.


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Unitrust being readied for liquidation by PDIC

By Des Ferriols | May 31, 2004 - 12:00am

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...

Business

BSP acts to prevent repeat of Unitrust Bank fiasco

March 19, 2002 - 12:00am

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...

Business

BSP asks Japan embassy for info on Ogami, others

January 14, 2002 - 12:00am

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,...

Business