FIRST AMERICAN INVESTMENT

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 295156
                    [Title] => SEC doubts CAP’s ability to nurse itself back to financial health
                    [Summary] => The Securities and Exchange Commission (SEC) is challenging  College Assurance Plan Phils. Inc. (CAP) to show proof why  it can still be  rehabilitated when its liabilities  already exceed its assets.


"I have not seen their basis why they can still be  rehabilitated," SEC chairman Fe Barin said when asked  whether CAP can still nurse itself back to financial  health.    


                    [DatePublished] => 2005-09-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 268111
                    [Title] => CAP exec: We’re not bankrupt
                    [Summary] => The controversial pre-need firm College Assurance Plan (CAP) is not bankrupt, its president and chief executive officer Enrique Sobrepeña told the Senate yesterday.


Sobrepeña told a joint hearing of the Senate committees on trade and commerce and on banks and financial institutions that CAP retained its earnings of P7 billion in 2003, contrary to claims made by the Securities and Exchange Commission (SEC).


He said, however, that CAP still has to pay off P28 million worth of obligations to college students holding educational plans.


                    [DatePublished] => 2005-02-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097133
                    [AuthorName] =>  Jose Rodel Clapano
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 268179
                    [Title] => CAP may pambayad sa planholders
                    [Summary] => Iginiit kahapon ng College Assurance Plan (CAP) na mayroon silang P10 bilyong trust fund bukod sa $300 milyong loan mula sa First American Investment Ltd. upang mabayaran ang kanilang mga plan holders taliwas sa napaulat na bagsak na ang kanilang kumpanya.


Ito ang binigyang-diin ni Atty. Enrique Sobrepeña Jr., pangulo at chief operating officer ng CAP, matapos dumalo sa isinagawang public hearing ng senate committee on banks and financial institutions kaugnay sa tunay na kalagayan ng nasabing pre-need company.


                    [DatePublished] => 2005-02-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Bansa
                    [SectionUrl] => bansa
                    [URL] => 
                )

        )

)

abtest

SEC doubts CAP’s ability to nurse itself back to financial health

By Zinnia B. Dela Peña | September 5, 2005 - 12:00am

The Securities and Exchange Commission (SEC) is challenging College Assurance Plan Phils. Inc. (CAP) to show proof why it can still be rehabilitated when its liabilities already exceed its assets. "I have...

Business

CAP exec: We’re not bankrupt

By Jose Rodel Clapano | February 5, 2005 - 12:00am

The controversial pre-need firm College Assurance Plan (CAP) is not bankrupt, its president and chief executive officer Enrique Sobrepeña told the Senate yesterday. Sobrepeña told a joint hearing of...

Headlines

CAP may pambayad sa planholders

February 5, 2005 - 12:00am

Iginiit kahapon ng College Assurance Plan (CAP) na mayroon silang P10 bilyong trust fund bukod sa $300 milyong loan mula sa First American Investment Ltd. upang mabayaran ang kanilang mga plan holders taliwas sa...

Bansa