United Coconut Planters Bank - updates

Rappler's latest stories on United Coconut Planters Bank

ARTICLE FINDER

Sandiganbayan settles row: Gov't owns coco levy fund, assets

Aug 09, 2018 - 3:46 PM

The Sandiganbayan's 2nd Division backtracks on its December 2017 ruling that further hearings should be held before it enforces the Supreme Court's decision

FIGHT FOR COCO LEVY. Coconut farmers drop by the Supreme Court during their 2014 march from Davao City to the Palace to demand a coconut levy trust fund. File photo by Rappler

Legal battles further delay turnover of coco levy funds to farmers

Jan 14, 2018 - 6:35 PM

The Sandiganbayan rules in favor of UCPB and Cocolife's request to be heard despite an earlier Supreme Court decision that there is no need for further hearings

Gov't prosecutors clear bank employees suspected of rebellion

Jun 29, 2017 - 6:22 PM

The men are cleared a few days after the Philippine Coast Guard nabbed them at a Cagayan de Oro port where they were found with boxes of money passed off as documents

SECURITY MEASURES. Philippine marines guard a street in Marawi City as clashes continue between government troops and Maute terrorists. Photo by Bobby Lagsa/Rappler

UCPB claims no bank records for Benhur Luy

May 22, 2017 - 4:25 PM

Former senator Ramon Bong Revilla Jr asks the Sandiganbayan to subpoena records of Benhur Luy s supposed 30 accounts from different banks

The politics of the coco levy scam: From Marcos to Noynoy Aquino

Jan 22, 2017 - 11:00 AM

PART 2: More than the long arduous fights in court for the coconut levy funds the main battleground is in Malacañang and Congress where politics comes into play

POLITICS. The long battle for the coco levy funds is not limited to courts, with politics getting in the way of coconut farmers and their beneficiaries.

Joint Senate panel approves coco levy bill for coconut farmers

Nov 10, 2016 - 12:58 PM

The bill seeks to create a P75 billion trust fund for coconut farmers and the industry and to provide the framework for its management and use

COCO LEVY BILL. A Senate joint panel approves the committee report on the coco levy bill for coconut farmers.

Not the first controversy for RCBC 'miracle man' Lorenzo V. Tan

Apr 02, 2016 - 5:18 PM

UPDATED When he led the United Coconut Planters Bank the bank faced a civil case for padding the loan obligation of a client

UNBLEMISHED? Lorenzo Tan says his track record of 18 years in the banking industry is 'unblemished.' Photo by LeAnne Jazul/Rappler

UCPB wants new investor as soon as possible

Feb 04, 2016 - 7:27 PM

We ve been running with insufficient capital since 1986 says UCPB official Ildefonso Jimenez

RIGHTFUL OWNERS. The High Court says the proceeds of the UCPB shares are 'to be used only for the benefit of all coconut farmers and for the development of the coconut industry.' File photo by Gil Nartea/Malacañang Photo Bureau

Sandiganbayan orders turnover of 72.2% UCPB shares to gov’t

Oct 28, 2015 - 1:49 PM

The anti graft court s Second Division grants the Motion for Execution filed by the government

RIGHTS. UCPB says it has rights to its minority shares of stock in the CIIF Oil Mills, and indirectly, in an 11% portion of the sequestered San Miguel Corporation shares, "which were ruled to be owned by the government for the benefit of coconut farmers and the development of the coco industry," the bank acknowledges.

UCPB to 'exhaust all legal remedies' to keep shares in CIIF, SMC

Sep 16, 2015 - 3:26 PM

The United Coconut Planters Bank says it is merely protecting its own shareholders including the majority government shareholder as well as preserving bank assets

RIGHTS. UCPB says it has rights to its minority shares of stock in the CIIF Oil Mills, and indirectly, in an 11% portion of the sequestered San Miguel Corporation shares, "which were ruled to be owned by the government for the benefit of coconut farmers and the development of the coco industry," the bank acknowledges.

SC rules for deportation of sugar magnate for being illegal alien

Aug 05, 2015 - 9:30 PM

Jimmy Go’s family ran the cash strapped Noah’s Ark sugar refinery which has pending cases His deportation was sought by his company s former executive director

San Miguel Corp to raise over P30 billion

Jul 14, 2015 - 8:23 PM

San Miguel has invested about P450 billion 9 95 billion over the past 7 years in new ventures and expansion of existing core businesses

RAISE FUNDS. San Miguel Corporation says it will raise more funds through issuance of preferred shares depending on market opportunities

Supreme Court stops coco levy executive orders

Jul 01, 2015 - 10:34 AM

Presidential assistant Francis Pangilinan says the solution is the judicious use of the coco levy fund not a knee jerk opposition to it

Gov’t seeks turnover of 72% UCPB coco levy stake

Jun 16, 2015 - 9:11 PM

Citing a High Court resolution the Office of the Solicitor General and PCGG say the disputed UCPB shares are rightfully owned by the Republic of the Philippines

PNB to bid for UCPB

Jun 09, 2014 - 5:33 PM

The Lucio Tan owned bank is also considering acquiring two unnamed thrift banks

BIR: Cojuangco may claim tax deductions

Jul 12, 2013 - 6:16 AM

Businessman Eduardo Danding Cojuangco may be entitled to income tax deductions in relation to the UCPB shares he lost following a final Supreme Court ruling awarding said shares to government

San Miguel chairman Eduardo Cojuangco Jr. (R) and president Ramon Ang at the diversified conglomerate's annual stockholders' meeting in 2013. Photo courtesy of San Miguel

Gov’t owns Cojuangco’s UCPB shares – SC

Jul 10, 2013 - 7:13 PM

In a 14 0 decision the Supreme Court denies with finality Cojuangco’s motion for reconsideration