UCPB - updates

Rappler's latest stories on UCPB


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.

PH Ombudsman, nurses’ salary, EgyptAir | 6PM wRap

Jun 16, 2016 - 7:54 PM

Watch Rappler s 6PM newscast with Chay Hofileña

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

Bank holiday schedules for Christmas 2015

Dec 18, 2015 - 7:08 PM

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2015 HOLIDAYS. Philippine Savings Bank (PSBank) announces bank schedule for the holidays

Duterte’s candidacy, UCPB shares, Curry on fire | 6PM wRap

Oct 29, 2015 - 7:20 AM

Watch the 6PM edition of Rappler s newscast The wRap

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.

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

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

Banks announce Holy Week schedule

Mar 31, 2015 - 12:38 PM

Clients are encouraged to fulfill their banking transactions ahead of the long weekend

Sandigan to banks: Testify on Luy's 19 accounts

Jul 23, 2014 - 1:34 PM

Luy is expected to take the witness stand on Thursday July 24 to testify on the diversion of Revilla s pork barrel to dubious NGOs

'PRODUCE DATABASE.' The Senate orders De Lima and NBI to submit the digital files of principal whistleblower Benhur Luy. File photo by Joseph Vidal/Senate PRIB

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