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+ Follow FIL-ESTATE MANAGEMENT INC Tag
FIL-ESTATE MANAGEMENT INC
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 699795
                    [Title] => CA allows CAP to pay $6 million to affiliate firms
                    [Summary] => 

The Court of Appeals (CA) has allowed pre-need firm College Assurance Plan Philippines Inc. (CAP) to pay its affiliate creditors its outstanding dues worth some $6 million despite opposition from planholders.

[DatePublished] => 2011-06-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096875 [AuthorName] => Edu Punay [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 593876 [Title] => MRT contractor denies it owes DOTC P1 billion in development rights [Summary] =>

The Metro Rail Transit Development Corp. (MRT Devco) denied that it owes the Department of Transportation and Communications (DOTC) more than P1 billion in unpaid development rights payments (DRP), saying that it has even made overpayments to the DOTC of almost P65 million.

[DatePublished] => 2010-07-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1664250 [AuthorName] => Rainier Allan Ronda [SectionName] => Metro [SectionUrl] => metro [URL] => ) [2] => Array ( [ArticleID] => 497476 [Title] => Private investors eye government stake in MRT-3 [Summary] =>

Private investors have expressed interest in acquiring the government’s controlling stake in Metro Rail Transit-3 (MTR-3), a ranking Finance official said yesterday.

[DatePublished] => 2009-08-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 480340 [Title] => Government may raise ownership in MRTC from 75% to 100% [Summary] =>

The government may opt to secure a 100-percent stake in the once-privately held Metro Rail Transit Corp. (MRTC) after it has already acquired a 75-percent controlling stake through state-owned banks Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (Landbank), a Finance official has said.

[DatePublished] => 2009-06-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 390560 [Title] => Fil-Estate allots P5B for Camp John Hay [Summary] => Listed holding firm Fil-Estate Corp. (FEC) is setting aside P5 billion this year for the continued development of Camp John Hay in Baguio City into an integrated community that will house an IT park, a commercial center, and a casino.

FEC chairman Robert John Sobrepeña said the bulk of the capital budget, or P2 billion, will go to the construction of residential buildings and other vertical structures.
[DatePublished] => 2007-03-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 380059 [Title] => CAP to emerge from rehab earlier than projected [Summary] => Cash-strapped pre-need firm College Assurance Plans (CAP) has expressed confidence it can get out of rehabilitation earlier than the projected eight-year period, according to a company official.

CAP director Robert John Sobrepeña said the company is banking on revenues to be generated from projects it co-owns with property developer Fil-Estate Land Inc. With the continued property boom, CAP expects to get back on its feet in four or five years.
[DatePublished] => 2007-01-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 315209 [Title] => SEC welcomes court OK of CAP rehab plan [Summary] => The Securities and Exchange Commission (SEC) has lauded the Makati Regional Trial Court’s approval of the petition for rehabilitation filed by College Assurance Plan (CAP) Phils. Inc., noting this should ease planholders’ concerns on the status of the pre-need firm’s case.

"We’re happy that the court has acted on it rather than put planholders in limbo," SEC commission secretary Gerard Lukban said.

Meanwhile, a group of planholders opposed to the rehabilitation of CAP is planning to file a petition for certiorari with the Supreme Court. [DatePublished] => 2006-01-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 312537 [Title] => CAP sees approval of its rehab plan by local court [Summary] => College Assurance Plan Phils. Inc. (CAP) is confident of securing the local court’s approval of its proposed rehabilitation plan following the favorable rulings obtained by other cash-strapped pre-need firms.

"With the approval of the rehabilitation plans of Pacific and Platinum Plans, I don’t see any reason why CAP should be any different," CAP, director Robert John Sobrepena said.
[DatePublished] => 2005-12-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 294775 [Title] => CAP seeks 10-year restructuring of P2.9-B loans [Summary] => Pre-need firm College Assurance Plan Phils. Inc. (CAP) is seeking a 10-year restructuring of its P2.9-billion loan obligations to creditors as part of its business recovery program submitted to the Makati Regional Trial Court.
[DatePublished] => 2005-09-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 278876 [Title] => SEC okay of CAP’s asset confirmation paves way for P1-B equity infusion [Summary] => The Securities and Exchange Commission (SEC) has approved College Assurance Plan Phils. Inc.’s asset safekeeping receipt (ASKR) confirmation in favor of European fund manager International Global Capital Holdings (IGCH) AG, paving the way for the latter’s infusion of about P1 billion in fresh capital into the local pre-need firm.

The ASKR, issued by the Philippine Veterans Bank, was a precondition for IGCH’s planned equity investment in CAP. It covers CAP’s MRT bonds which shall remain unencumbered for five years from the date of issuance.
[DatePublished] => 2005-05-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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