+ Follow UOBP Tag
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 214271
[Title] => Reyes downplays attempt to liquidate Nat’l Steel assets
[Summary] => Trade and Industry Secretary Manuel Roxas II is downplaying an attempt of a creditor bank of the National Steel Corp. (NSC) to liquidate the assets of the mothballed steel firm, a move which could endanger the whole restructuring and rehabilitation plan the government is trying to hammer out.
In an interview, Roxas said that the liquidation proposal comes from only one bank and does not mean that the creditor consortium is breaking up.
"It is just one bank which has an actual mortgage. It will not break up the creditor consortium," Roxas assured.
[DatePublished] => 2003-07-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 210943
[Title] => UOBL disputes legal basis of Farmix’s derivative suit
[Summary] => The United Overseas Bank Ltd. (UOBL) of Singapore said the legal action taken by the Farmix group should not have been focused on its subsidiary, the United Overseas Bank of the Philippines (UOBP).
Rather the dispute was actually between the two factions within the minority shareholders in UOBP, the Espiritu and the Farmix groups.
[DatePublished] => 2003-06-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 195101
[Title] => UOBP says Farmix-Espiritu row won’t affect its operations
[Summary] => United Overseas Bank of the Philippines’ (UOBP) operations will not be affected by the current row between former business partners Farmix Fertilizer Group and the Espiritu Group.
"This is a commercial matter that is now pending with the courts and has no bearing on the bank’s operations," UOBP said in a statement.
The case stems from a question of how much Farmix is entitled to as its share from certain UOBP receivables that UOBP used as basis in buying out the remaining shares of the Espiritu Group last year.
[DatePublished] => 2003-02-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 186406
[Title] => UOBP minority stockholder accuses Espiritu of engaging in ‘dummy deal’
[Summary] =>
A minority stockholder of United Overseas Bank of the Phils. (UOBP) has accused former Finance Secretary Edgardo Espiritu and his associates of engaging in dummy deals, a charge that has been denied by the lawyers of the Espiritus.
The minority stockholder also called on the Bangko Sentral ng Pilipinas (BSP) to investigate the reported settlement between the bank’s majority stockholders and Espiritu Group.
In a press statement, lawyer Roan Libarios claims the same dummy deal "is now being used to deprive the group of its rightful share in UOBP."
[DatePublished] => 2002-12-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 185324
[Title] => House body to probe UOBP deal
[Summary] => The House committee on banks will open an inquiry this week into the alleged control by Singaporean investors of the United Overseas Bank of the Philippines (UOBP).
Rep. Jaime Lopez (Lakas, Manila), committee chairman, said yesterday his panel would want to inquire into whether Singaporeans have indeed gained control of the local bank.
He said the committee would also check if constitutional limitations on foreign ownership of a domestic corporation and the General Banking Act have been violated.
[DatePublished] => 2002-11-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097047
[AuthorName] => Jess Diaz
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 183769
[Title] => BSP asked to bare UOBP buyout deal
[Summary] => A group of minority stockholders in United Overseas Bank of the Philippines (UOBP) has asked the Bangko Sentral ng Pilipinas (BSP) to compel the bank officers to disclose the reported buyout settlement entered into by the Singaporean United Overseas Bank Ltd. (UOBL) with the group of former Finance Secretary Edgardo Espiritu.
[DatePublished] => 2002-11-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 167760
[Title] => UOB completes buyout, readies capital hike
[Summary] => United Overseas Bank Ltd. (UOBL), Singapore’s largest private bank, formally acquired the remaining Filipino shareholdings in United Overseas Bank Philippines (UOBP) last Friday night and is now readying the infusion of more funds into UOBP to reposition its local operations and support its growth and capitalize on market opportunities.
"The agreement was beneficial to all the parties and certainly to UOBP which can now concentrate on building up its business as a commercial bank," the Singaporean and Filipino partners said in a joint statement.
[DatePublished] => 2002-07-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 163730
[Title] => House sets probe on UOBP issue
[Summary] => Congress is set to open a formal inquiry into alleged violations of the Constitution and other Philippine laws by the Singaporean-controlled United Overseas Bank Philippines (UOBP) with the view of strengthening further the Anti-Dummy Law and at least two other laws governing the local banking industry.
The impending probe is an offshoot of House Resolution (HR) 570 filed on Wednesday by Isabela Rep. Rodolfo Albano who said the violations, if left unchecked, could erode the general public’s confidence in the Philippine banking system.
[DatePublished] => 2002-06-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 162965
[Title] => UOB to appeal court order
[Summary] => The United Overseas Bank of the Philippines (UOBP) said yesterday it will file an appeal seeking to reverse an injunction order issued recently by the Manila Regional Trial Court.
The court has ordered the UOBP, the United Overseas Bank Ltd. of Singapore (UOBL), and the minority group of UOBP led by the son of former finance secretary Edgardo Espiritu and Jolibee Food Corp. president Antonio Tan Caktiong, to refrain from participating in an arbitration hearing conducted by the Australian Commercial Disputes Center (ACDC) in Sydney, Australia.
[DatePublished] => 2002-06-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 162386
[Title] => Filipino bankers slam Singaporean partners
[Summary] => A group of Filipino investors in a foreign-controlled local bank slammed yesterday their Singaporean partners for allegedly depriving them of their rightful role in the decision-making process of their company in blatant violation of industry norms and banking laws.
At the same time, the Filipino bankers identified with a son of former Finance Secretary Edgardo Espiritu, charged that the Singaporean shareholders milked their bank "bone-dry" by sheer manipulation of its finances.
[DatePublished] => 2002-05-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
UOBP
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 214271
[Title] => Reyes downplays attempt to liquidate Nat’l Steel assets
[Summary] => Trade and Industry Secretary Manuel Roxas II is downplaying an attempt of a creditor bank of the National Steel Corp. (NSC) to liquidate the assets of the mothballed steel firm, a move which could endanger the whole restructuring and rehabilitation plan the government is trying to hammer out.
In an interview, Roxas said that the liquidation proposal comes from only one bank and does not mean that the creditor consortium is breaking up.
"It is just one bank which has an actual mortgage. It will not break up the creditor consortium," Roxas assured.
[DatePublished] => 2003-07-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 210943
[Title] => UOBL disputes legal basis of Farmix’s derivative suit
[Summary] => The United Overseas Bank Ltd. (UOBL) of Singapore said the legal action taken by the Farmix group should not have been focused on its subsidiary, the United Overseas Bank of the Philippines (UOBP).
Rather the dispute was actually between the two factions within the minority shareholders in UOBP, the Espiritu and the Farmix groups.
[DatePublished] => 2003-06-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 195101
[Title] => UOBP says Farmix-Espiritu row won’t affect its operations
[Summary] => United Overseas Bank of the Philippines’ (UOBP) operations will not be affected by the current row between former business partners Farmix Fertilizer Group and the Espiritu Group.
"This is a commercial matter that is now pending with the courts and has no bearing on the bank’s operations," UOBP said in a statement.
The case stems from a question of how much Farmix is entitled to as its share from certain UOBP receivables that UOBP used as basis in buying out the remaining shares of the Espiritu Group last year.
[DatePublished] => 2003-02-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 186406
[Title] => UOBP minority stockholder accuses Espiritu of engaging in ‘dummy deal’
[Summary] =>
A minority stockholder of United Overseas Bank of the Phils. (UOBP) has accused former Finance Secretary Edgardo Espiritu and his associates of engaging in dummy deals, a charge that has been denied by the lawyers of the Espiritus.
The minority stockholder also called on the Bangko Sentral ng Pilipinas (BSP) to investigate the reported settlement between the bank’s majority stockholders and Espiritu Group.
In a press statement, lawyer Roan Libarios claims the same dummy deal "is now being used to deprive the group of its rightful share in UOBP."
[DatePublished] => 2002-12-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 185324
[Title] => House body to probe UOBP deal
[Summary] => The House committee on banks will open an inquiry this week into the alleged control by Singaporean investors of the United Overseas Bank of the Philippines (UOBP).
Rep. Jaime Lopez (Lakas, Manila), committee chairman, said yesterday his panel would want to inquire into whether Singaporeans have indeed gained control of the local bank.
He said the committee would also check if constitutional limitations on foreign ownership of a domestic corporation and the General Banking Act have been violated.
[DatePublished] => 2002-11-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097047
[AuthorName] => Jess Diaz
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 183769
[Title] => BSP asked to bare UOBP buyout deal
[Summary] => A group of minority stockholders in United Overseas Bank of the Philippines (UOBP) has asked the Bangko Sentral ng Pilipinas (BSP) to compel the bank officers to disclose the reported buyout settlement entered into by the Singaporean United Overseas Bank Ltd. (UOBL) with the group of former Finance Secretary Edgardo Espiritu.
[DatePublished] => 2002-11-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 167760
[Title] => UOB completes buyout, readies capital hike
[Summary] => United Overseas Bank Ltd. (UOBL), Singapore’s largest private bank, formally acquired the remaining Filipino shareholdings in United Overseas Bank Philippines (UOBP) last Friday night and is now readying the infusion of more funds into UOBP to reposition its local operations and support its growth and capitalize on market opportunities.
"The agreement was beneficial to all the parties and certainly to UOBP which can now concentrate on building up its business as a commercial bank," the Singaporean and Filipino partners said in a joint statement.
[DatePublished] => 2002-07-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 163730
[Title] => House sets probe on UOBP issue
[Summary] => Congress is set to open a formal inquiry into alleged violations of the Constitution and other Philippine laws by the Singaporean-controlled United Overseas Bank Philippines (UOBP) with the view of strengthening further the Anti-Dummy Law and at least two other laws governing the local banking industry.
The impending probe is an offshoot of House Resolution (HR) 570 filed on Wednesday by Isabela Rep. Rodolfo Albano who said the violations, if left unchecked, could erode the general public’s confidence in the Philippine banking system.
[DatePublished] => 2002-06-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 162965
[Title] => UOB to appeal court order
[Summary] => The United Overseas Bank of the Philippines (UOBP) said yesterday it will file an appeal seeking to reverse an injunction order issued recently by the Manila Regional Trial Court.
The court has ordered the UOBP, the United Overseas Bank Ltd. of Singapore (UOBL), and the minority group of UOBP led by the son of former finance secretary Edgardo Espiritu and Jolibee Food Corp. president Antonio Tan Caktiong, to refrain from participating in an arbitration hearing conducted by the Australian Commercial Disputes Center (ACDC) in Sydney, Australia.
[DatePublished] => 2002-06-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 162386
[Title] => Filipino bankers slam Singaporean partners
[Summary] => A group of Filipino investors in a foreign-controlled local bank slammed yesterday their Singaporean partners for allegedly depriving them of their rightful role in the decision-making process of their company in blatant violation of industry norms and banking laws.
At the same time, the Filipino bankers identified with a son of former Finance Secretary Edgardo Espiritu, charged that the Singaporean shareholders milked their bank "bone-dry" by sheer manipulation of its finances.
[DatePublished] => 2002-05-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
February 12, 2003 - 12:00am
November 13, 2002 - 12:00am
