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Effective March 1, 2022, UCPB merged with Land Bank of the Philippines (LBP), with the latter as the surviving entity. As of February 1, 2024, UCPB Savings Bank still survives as a wholly-owned subsidiary of LBP as its thrift bank affiliate. It is however up for sale since October 2024. [6] [7]
The Coco Levy Fund Scam was a controversy in the 1970s and 1980s in the Philippines involving former President Ferdinand Marcos and his cronies.It was alleged that Marcos, Danding Cojuangco, Juan Ponce Enrile, and others conspired to tax coconut farmers, promising them the development of the coconut industry and a share of the investments, but on the contrary used the collection fund for ...
Autotrader.com, Inc. is an American online marketplace for car buyers and sellers, founded in 1997. It aggregates new, used, and certified second-hand cars from dealers and private sellers. The site also provides users with automotive reviews, shopping advice, and comparison tools for car financing and insurance information. [1]
Sale of non-capital assets, such as inventory or stock of goods held for sale, generally is taxed in the same manner as other income. Capital assets generally include those assets outside the daily scope of business operations, such as investment or personal assets. The United States system defines a capital asset by exclusion. [7]
The lawsuit was filed after Dash’s stake in Rocafella Records was sold at auction for a paltry $1 million – with the winning bidder being the state, meaning a long line of creditors are going ...
In 1975, funds from the levy were used by the government to acquire a 72.2% stake in United Coconut Planters Bank (UCPB, then still known as First United Bank). [ 12 ] In 1983, Cojuangco acquired a 20% stake in San Miguel Corporation , which the Presidential Commission on Good Government later said he did using the windfalls from the coconut ...
UCPB may refer to: United Civic Party of Belarus; United Coconut Planters Bank, a defunct Philippine bank This page was last edited on 21 ...
2014 operation subsidies and program funds that GOCCs received from the national government. GOCCs receive from the government "subsidies" and "program funds". [6] Subsidies cover the day-to-day operations of the GOCCs when revenues are insufficient while program funds are given to profitable GOCCs to pay for a specific program or project.