+ Follow PLAN COMPANIES INC Tag
PLAN COMPANIES INC
Array
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[results] => Array
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[0] => Array
(
[ArticleID] => 537477
[Title] => Pre-need industry expects to recover this year
[Summary] => The pre-need industry, besieged by controversies and bankruptcies for the past five years, is looking ahead to better times in 2010 especially with the passage of the Pre-need Code of the Philippines into law.
[DatePublished] => 2010-01-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 459913
[Title] => EDITORIAL - Loss of confidence
[Summary] => Trust is indispensable in the banking and pre-need industries.
[DatePublished] => 2009-04-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Opinion
[SectionUrl] => opinion
[URL] => http://img6.imageshack.us/img6/4378/startoonthumbp.gif
)
[2] => Array
(
[ArticleID] => 435172
[Title] => Pre-need firms confident of surviving financial crisis
[Summary] => The Federation of Pre-need Plan Companies Inc. (FPPCI), which earlier warned of an impending collapse of the industry resulting from strict regulations and the global economic crunch, said the pre-need firms are liquid and will still be able to meet future obligations to planholders.
[DatePublished] => 2009-01-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 259041
[Title] => Pre-need industry prefers acquisition route
[Summary] => The country’s pre-need industry is expected to consolidate further as new entrants prefer the acquisition mode rather than establish new companies. Likewise, industry players are holding discussion for "mid-step" consolidation over further mergers or acquisitions.
A group of investors composed of foreign and local players are reportedly holding talks with an existing player, which has stopped selling plans although it continues to service its existing plan holders.
[DatePublished] => 2004-07-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[4] => Array
(
[ArticleID] => 248597
[Title] => SEC approves guarantee facility for pre-need companies
[Summary] => The Securities and Exchange Commission (SEC) has approved the Philippine Federation of Pre-need Plan Companies Inc.’s proposal to issue an insurance bond that can be tapped by its members to cover any trust fund deficiencies.
[DatePublished] => 2004-05-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 229542
[Title] => SEC dangles Asian Diamond Plans as acquisition target for pre-need firms
[Summary] => The Securities and Exchange Commission (SEC) is encouraging pre-need firms with plans to further expand operations to consider the buy-out of cash-strapped Asian Diamond Plans Inc.
Emil Aquino, head of the SEC’s Non-Traditional Securities Department, said he would sit down with members of the Federation of Pre-need Plan Companies Inc. next week to discuss the possibility of taking over the operations of Asian Diamond, which has been hard pressed to meet the SEC’s minimum paid-up capital requirement.
[DatePublished] => 2003-11-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 222552
[Title] => SEC gives pre-need firms till yearend to firm up portfolios
[Summary] => The Securities and Exchange Commission (SEC) has given pre-need firms until the end of the year to comply with the required investment portfolio mix.
Under the investment guidelines drawn up by the SEC, a pre-need company may only invest 10 percent of its trust fund in government securities and as much as 15 percent in long-term commercial papers registered with the SEC with a credit rating of "1" for short-term and "Aaa" for long-term based on the rating scale of the Philippine Ratings Corp.
[DatePublished] => 2003-09-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 205894
[Title] => SEC okays use of insurance bond for pre-need trust fund
[Summary] => The Securities and Exchange Commission (SEC) said it is open to the proposal of the Philippine Federation of Pre-need Plan Companies Inc. to issue an insurance bond that can be tapped by its members to cover any trust fund deficiencies.
An SEC official said the Commission has no objections to the Federation’s proposal since this would address the problems being encountered by several pre-need plan firms in meeting their capital and trust fund requirements.
[DatePublished] => 2003-05-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 204568
[Title] => Pre-need firms mull guarantee bond to cover trust fund deficits
[Summary] => In line with efforts to strengthen its liquidity position, the Philippine Federation of Pre-need Plan Companies Inc. is planning to issue a guarantee bond to be used by its members to cover trust fund deficiencies.
To complement the bonds, the federation will establish a liquity pool privately funded by its members and multilateral agencies to ensure the protection of pre-need planholders.
[DatePublished] => 2003-05-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 197229
[Title] => Pre-need sector sees 20% growth
[Summary] => The pre-need industry is projecting a 20-percent growth this year, as it steps up efforts to win back investor confidence through aggressive marketing and the expansion of distribution channels.
Juan Miguel Vazquez, president of the Federation of Philippine Pre-need Plan Companies Inc., said most pre-need firms are eyeing a 20 percent increase in sales this year on the assumption that the economy will improve.
"I think 20 percent is a safe estimate although the growth of the industry would depend on a lot of things like the economy," Vazquez said.
[DatePublished] => 2003-03-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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