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                    [Title] => Bank official faces P4.3-M qualified theft raps
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                    [DatePublished] => 2008-06-07 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1097363
                    [AuthorName] =>  Michael Punongbayan
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                    [Title] => Public interest
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                    [DatePublished] => 2007-07-28 00:00:00
                    [ColumnID] => 134157
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                    [AuthorID] => 1804783
                    [AuthorName] => Alex Magno
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                    [ArticleID] => 382279
                    [Title] => SEC asked to impose sanctions on Philtrust
                    [Summary] => 



The controversy involving the planned takeover of medium-sized Philippine Bank of Communications (PBCom) by Chinese-Filipino businessman Emilio Yap’s Philtrust Bank is far from over.


The Luy family, the single biggest shareholder of PBCom owning 37 percent or approximately 72 million shares, has asked the Securities and Exchange Commission (SEC) to impose sanctions on Philtrust for misrepresentations made in its tender offer report.  


                    [DatePublished] => 2007-01-29 00:00:00
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 380655
                    [Title] => Philtrust extends offer for PBCom to end-Jan
                    [Summary] => 



Philtrust Bank of newspaper magnate Emilio Yap has extended its offer to acquire the remaining 41.74-percent stake in Philippine Bank of Communications (PBCom) until the end of the month.


In a disclosure to the Philippine Stock Exchange (PSE), Philtrust corporate secretary Martin B. Isidro said the bank will extend its tender offer for the balance of PBCom until Jan. 31. An earlier offer started last Jan. 2 and expired on Jan. 17.


                    [DatePublished] => 2007-01-19 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Ted P. Torres
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                    [ArticleID] => 378505
                    [Title] => Philtrust takeover of PBCom faces hurdle
                    [Summary] => 



The planned takeover by Philippine Trust Co. (Philtrust) of another mid-sized commercial bank in Philippine Bank of Communication (PBCom) faces a major hurdle as the latter said controlling interest of the bank can only be sold as one block as per the P7.64-billion financial assistance package it  signed with the Philippine Deposit Insurance Corp. (PDIC) in 2004.


                    [DatePublished] => 2007-01-06 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Ma. Elisa Osorio 
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                    [ArticleID] => 377985
                    [Title] => Philtrust makes P5-B tender offer for PBCom shares
                    [Summary] => 


Philippine Trust Co. (Philtrust) of Filipino-Chinese tycoon Emilio Yap has made a tender offer yesterday for the purchase of up to 100 percent of Philippine Bank of Communication (PBCom).


At P30 per share offer price, the sale of the entire PBCom outstanding common and preferred shares will cost Philtrust over P5 billion.


In a letter to the Philippine Stock Exchange (PSE), Philtrust said the tender offer period started yesterday and will end on Jan. 17.


                    [DatePublished] => 2007-01-03 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Ma. Elisa Osorio 
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                    [ArticleID] => 377766
                    [Title] => Philtrust eyes unibank status
                    [Summary] => 



The board of directors of Philippine Trust Co. (Philtrust Bank) of Filipino Chinese tycoon Emilio Yap is looking at converting the bank into a universal bank from a commercial bank.


In a disclosure to the Philippine Stock Exchange (PSE), the bank said the directors who own two thirds of the institution has approved the amendment of the articles of incorporation to effect the conversion. The change into a universal bank is subject to the approval of the Bangko Sentral ng Pilipinas (BSP).


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                    [AuthorName] => Ma. Elisa Osorio 
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                    [ArticleID] => 372152
                    [Title] => What say you, Say?
                    [Summary] => 



A former Cabinet secretary told Spybiz the other day that the peso is actually undervalued. According to the former secretary, the peso-dollar exchange rate could now have gone better from its present 50-49 levels to as high as 44 or 45 to the dollar by now, if not for the Bangko Sentral’s alleged intervention by continually buying dollars, effectively controlling the exchange rate and along with it the value of the peso.
                    [DatePublished] => 2006-11-28 00:00:00
                    [ColumnID] => 135725
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
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PHILTRUST

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                    [Title] => SEC asked to impose sanctions on Philtrust
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The controversy involving the planned takeover of medium-sized Philippine Bank of Communications (PBCom) by Chinese-Filipino businessman Emilio Yap’s Philtrust Bank is far from over.


The Luy family, the single biggest shareholder of PBCom owning 37 percent or approximately 72 million shares, has asked the Securities and Exchange Commission (SEC) to impose sanctions on Philtrust for misrepresentations made in its tender offer report.  


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                    [ArticleID] => 380655
                    [Title] => Philtrust extends offer for PBCom to end-Jan
                    [Summary] => 



Philtrust Bank of newspaper magnate Emilio Yap has extended its offer to acquire the remaining 41.74-percent stake in Philippine Bank of Communications (PBCom) until the end of the month.


In a disclosure to the Philippine Stock Exchange (PSE), Philtrust corporate secretary Martin B. Isidro said the bank will extend its tender offer for the balance of PBCom until Jan. 31. An earlier offer started last Jan. 2 and expired on Jan. 17.


                    [DatePublished] => 2007-01-19 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 378505
                    [Title] => Philtrust takeover of PBCom faces hurdle
                    [Summary] => 



The planned takeover by Philippine Trust Co. (Philtrust) of another mid-sized commercial bank in Philippine Bank of Communication (PBCom) faces a major hurdle as the latter said controlling interest of the bank can only be sold as one block as per the P7.64-billion financial assistance package it  signed with the Philippine Deposit Insurance Corp. (PDIC) in 2004.


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                    [ArticleID] => 377985
                    [Title] => Philtrust makes P5-B tender offer for PBCom shares
                    [Summary] => 


Philippine Trust Co. (Philtrust) of Filipino-Chinese tycoon Emilio Yap has made a tender offer yesterday for the purchase of up to 100 percent of Philippine Bank of Communication (PBCom).


At P30 per share offer price, the sale of the entire PBCom outstanding common and preferred shares will cost Philtrust over P5 billion.


In a letter to the Philippine Stock Exchange (PSE), Philtrust said the tender offer period started yesterday and will end on Jan. 17.


                    [DatePublished] => 2007-01-03 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Ma. Elisa Osorio 
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                    [ArticleID] => 377766
                    [Title] => Philtrust eyes unibank status
                    [Summary] => 



The board of directors of Philippine Trust Co. (Philtrust Bank) of Filipino Chinese tycoon Emilio Yap is looking at converting the bank into a universal bank from a commercial bank.


In a disclosure to the Philippine Stock Exchange (PSE), the bank said the directors who own two thirds of the institution has approved the amendment of the articles of incorporation to effect the conversion. The change into a universal bank is subject to the approval of the Bangko Sentral ng Pilipinas (BSP).


                    [DatePublished] => 2007-01-01 00:00:00
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                    [ArticleID] => 372152
                    [Title] => What say you, Say?
                    [Summary] => 



A former Cabinet secretary told Spybiz the other day that the peso is actually undervalued. According to the former secretary, the peso-dollar exchange rate could now have gone better from its present 50-49 levels to as high as 44 or 45 to the dollar by now, if not for the Bangko Sentral’s alleged intervention by continually buying dollars, effectively controlling the exchange rate and along with it the value of the peso.
                    [DatePublished] => 2006-11-28 00:00:00
                    [ColumnID] => 135725
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                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
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abtest

Bank official faces P4.3-M qualified theft raps

By Michael Punongbayan | June 7, 2008 - 12:00am

Metro

Public interest

By FIRST PERSON | By Alex Magno | July 28, 2007 - 12:00am

Opinion

SEC asked to impose sanctions on Philtrust

By Zinnia B. Dela Peña | January 29, 2007 - 12:00am

The controversy involving the planned takeover of medium-sized Philippine Bank of Communications (PBCom) by Chinese-Filipino businessman Emilio Yap’s Philtrust Bank is far from over. The Luy family,...

Business

Philtrust extends offer for PBCom to end-Jan

By Ted P. Torres | January 19, 2007 - 12:00am

Philtrust Bank of newspaper magnate Emilio Yap has extended its offer to acquire the remaining 41.74-percent stake in Philippine Bank of Communications (PBCom) until the end of the month. In a disclosure...

Business

Philtrust takeover of PBCom faces hurdle

By Ma. Elisa Osorio  | January 6, 2007 - 12:00am

The planned takeover by Philippine Trust Co. (Philtrust) of another mid-sized commercial bank in Philippine Bank of Communication (PBCom) faces a major hurdle as the latter said controlling interest of the...

Business

Philtrust makes P5-B tender offer for PBCom shares

By Ma. Elisa Osorio  | January 3, 2007 - 12:00am

Philippine Trust Co. (Philtrust) of Filipino-Chinese tycoon Emilio Yap has made a tender offer yesterday for the purchase of up to 100 percent of Philippine Bank of Communication (PBCom). At P30 per share...

Business

Philtrust eyes unibank status

By Ma. Elisa Osorio  | January 1, 2007 - 12:00am

The board of directors of Philippine Trust Co. (Philtrust Bank) of Filipino Chinese tycoon Emilio Yap is looking at converting the bank into a universal bank from a commercial bank. In a disclosure to the...

Business

What say you, Say?

By S.A. Maguire | November 28, 2006 - 12:00am

A former Cabinet secretary told Spybiz the other day that the peso is actually undervalued. According to the former secretary, the peso-dollar exchange rate could now have gone better from its present 50-49...

Business