Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 6750
                    [Title] => Rationalizing the insurance industry
                    [Summary] => 
            
                    [DatePublished] => 2007-07-19 00:00:00
                    [ColumnID] => 135878
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 329764
                    [Title] => In high spirits
                    [Summary] => Asian Spirit celebrated its 10th anniversary at the Harbor Tent of the Westin Philippine Plaza last Friday. It seems Asian Spirit has become very successful considering that the airline will now be flying to Palau three times a week. In the past, the modest company has been servicing missionary routes, but now they’re going international. Asian Spirit chairman and FVR protégé Noel Oñate was in high spirits, especially when GMA arrived to grace the affair. Surprisingly, GMA was called to speak, which was not part of the program.
                    [DatePublished] => 2006-04-04 00:00:00
                    [ColumnID] => 135725
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 328527
                    [Title] => Holier-than-thou cement company
                    [Summary] => Spybiz sources reported about this foreign-owned cement company’s alleged tax evasion practices by misdeclaring importations. This company is reportedly under investigation for undervaluing an item worth $120,000 to merely $1,000. Aware that they are being monitored, this group, which is a subsidiary of one of the world’s biggest cement manufacturers, is lobbying for their shipment to be exempted from paying taxes and other duties to the tune of P2 million.
                    [DatePublished] => 2006-03-28 00:00:00
                    [ColumnID] => 135725
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 319649
                    [Title] => Makati RTC junks LBC case against ATR Kim Eng
                    [Summary] => The Makati Regional Trial Court (RTC) dismissed the case filed by LBC Development Corp. and businessman Carlos Araneta against ATR Kim Eng Capital (ATRKE Capital) and its chairman Ramon Arnaiz. LBC and Araneta wanted to annul the Joint Venture Agreement, Undertaking Agreement and shareholders agreement they entered into with ATRKE and Arnaiz in 1999 to take over the pre-need firm The Professional Group (TPG).
                    [DatePublished] => 2006-02-02 00:00:00
                    [ColumnID] => 135728
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 317094
                    [Title] => Third party joins CTPL fray
                    [Summary] => The fight between the Government Service Insurance System (GSIS) and the Philippine Insurers and Reinsurers Association (PIRA) to get the P2.5-billion annual Compulsory Third Party Liability business is far from over, the insurance industry Spy-Ring reported. Both parties claim that they can solve the problem of insurance fraud that has been depriving government millions in unpaid taxes by crooked insurance companies. Finance Secretary Gary Teves, however, has turned down the GSIS proposal saying the CTPL business should stay in the private sector.
                    [DatePublished] => 2006-01-17 00:00:00
                    [ColumnID] => 135725
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 314911
                    [Title] => Lots of spirit in Boracay
                    [Summary] => Asian Spirit chairman Noel Oñate said Boracay had the most spectacular New Year happening with a fabulous fireworks display especially coming from the Waling-Waling Hotel in cooperation with Asian Spirit. Manila’s Who’s Who in high society - were all in Bora to celebrate the New Year with lots of glitz. Diplomats, some showbiz celebs and society-page regulars joined the beach New Year’s bash. For sure, lots of spirits were consumed, but as Spybiz informants reported, the "hard stuff" was also in abundance giving many "societs" a head.
                    [DatePublished] => 2006-01-03 00:00:00
                    [ColumnID] => 135725
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 313895
                    [Title] => P200-B motive
                    [Summary] => Pre-need insurance companies are elated over the House of Representatives’ approval of Resolution No. 1049 urging the Securities and Exchange Commission (SEC) to suspend the implementation of the Actuarial Reserve Liability (ARL). Based on a study prepared by the USAID-funded Accelerating Growth Investment and Liberalization with Equity (AGILE), pre-need players were complaining that they were not consulted and that the ARL was arbitrarily implemented by the SEC as the new method of computing liabilities of pre-need companies.
                    [DatePublished] => 2005-12-27 00:00:00
                    [ColumnID] => 135725
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 312963
                    [Title] => Squeeze-play on cap
                    [Summary] => A few years back, a then top official of the Securities and Exchange Commission (SEC) made an offer in behalf of a top US foreign-owned insurance company and its local affiliate to purchase the Sobrepeña-owned College Assurance Plan (CAP). The US company saw the tremendous opportunity in pre-need educational plans in the country catering to hundreds of thousands of Filipino families wanting to fulfill their dream of securing their children’s education.
                    [DatePublished] => 2005-12-20 00:00:00
                    [ColumnID] => 135725
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 273849
                    [Title] => SEC official backs CAP lobby for changes in actuarial liabilities
                    [Summary] => College Assurance Plans Inc. (CAP) has found an ally in Securities and Exchange Commission (SEC) associate commissioner Jesus Martinez  who is likewise pushing for changes in the actuarial treatment of pre-need trust funds.


In a letter to Sen.  Edgardo Angara, chairman of the Senate Committee on Banks, Financial Institutions and Currencies, Martinez said the Pre-need Uniform Chart of Accountants (PNUCA) that the SEC had formulated may not be an effective way of ensuring the true financial health of pre-need companies.


                    [DatePublished] => 2005-04-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 273630
                    [Title] => Congressional probe of SEC urged over pre-need industry
                    [Summary] => The Securities and Exchange Commission (SEC) has been charged in Congress with "creating havoc" in the pre-need industry to the "detriment and prejudice of planholders".


                    [DatePublished] => 2005-04-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

ACTUARIAL RESERVE LIABILITY

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 6750
                    [Title] => Rationalizing the insurance industry
                    [Summary] => 
            
                    [DatePublished] => 2007-07-19 00:00:00
                    [ColumnID] => 135878
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 329764
                    [Title] => In high spirits
                    [Summary] => Asian Spirit celebrated its 10th anniversary at the Harbor Tent of the Westin Philippine Plaza last Friday. It seems Asian Spirit has become very successful considering that the airline will now be flying to Palau three times a week. In the past, the modest company has been servicing missionary routes, but now they’re going international. Asian Spirit chairman and FVR protégé Noel Oñate was in high spirits, especially when GMA arrived to grace the affair. Surprisingly, GMA was called to speak, which was not part of the program.
                    [DatePublished] => 2006-04-04 00:00:00
                    [ColumnID] => 135725
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 328527
                    [Title] => Holier-than-thou cement company
                    [Summary] => Spybiz sources reported about this foreign-owned cement company’s alleged tax evasion practices by misdeclaring importations. This company is reportedly under investigation for undervaluing an item worth $120,000 to merely $1,000. Aware that they are being monitored, this group, which is a subsidiary of one of the world’s biggest cement manufacturers, is lobbying for their shipment to be exempted from paying taxes and other duties to the tune of P2 million.
                    [DatePublished] => 2006-03-28 00:00:00
                    [ColumnID] => 135725
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 319649
                    [Title] => Makati RTC junks LBC case against ATR Kim Eng
                    [Summary] => The Makati Regional Trial Court (RTC) dismissed the case filed by LBC Development Corp. and businessman Carlos Araneta against ATR Kim Eng Capital (ATRKE Capital) and its chairman Ramon Arnaiz. LBC and Araneta wanted to annul the Joint Venture Agreement, Undertaking Agreement and shareholders agreement they entered into with ATRKE and Arnaiz in 1999 to take over the pre-need firm The Professional Group (TPG).
                    [DatePublished] => 2006-02-02 00:00:00
                    [ColumnID] => 135728
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 317094
                    [Title] => Third party joins CTPL fray
                    [Summary] => The fight between the Government Service Insurance System (GSIS) and the Philippine Insurers and Reinsurers Association (PIRA) to get the P2.5-billion annual Compulsory Third Party Liability business is far from over, the insurance industry Spy-Ring reported. Both parties claim that they can solve the problem of insurance fraud that has been depriving government millions in unpaid taxes by crooked insurance companies. Finance Secretary Gary Teves, however, has turned down the GSIS proposal saying the CTPL business should stay in the private sector.
                    [DatePublished] => 2006-01-17 00:00:00
                    [ColumnID] => 135725
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 314911
                    [Title] => Lots of spirit in Boracay
                    [Summary] => Asian Spirit chairman Noel Oñate said Boracay had the most spectacular New Year happening with a fabulous fireworks display especially coming from the Waling-Waling Hotel in cooperation with Asian Spirit. Manila’s Who’s Who in high society - were all in Bora to celebrate the New Year with lots of glitz. Diplomats, some showbiz celebs and society-page regulars joined the beach New Year’s bash. For sure, lots of spirits were consumed, but as Spybiz informants reported, the "hard stuff" was also in abundance giving many "societs" a head.
                    [DatePublished] => 2006-01-03 00:00:00
                    [ColumnID] => 135725
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 313895
                    [Title] => P200-B motive
                    [Summary] => Pre-need insurance companies are elated over the House of Representatives’ approval of Resolution No. 1049 urging the Securities and Exchange Commission (SEC) to suspend the implementation of the Actuarial Reserve Liability (ARL). Based on a study prepared by the USAID-funded Accelerating Growth Investment and Liberalization with Equity (AGILE), pre-need players were complaining that they were not consulted and that the ARL was arbitrarily implemented by the SEC as the new method of computing liabilities of pre-need companies.
                    [DatePublished] => 2005-12-27 00:00:00
                    [ColumnID] => 135725
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 312963
                    [Title] => Squeeze-play on cap
                    [Summary] => A few years back, a then top official of the Securities and Exchange Commission (SEC) made an offer in behalf of a top US foreign-owned insurance company and its local affiliate to purchase the Sobrepeña-owned College Assurance Plan (CAP). The US company saw the tremendous opportunity in pre-need educational plans in the country catering to hundreds of thousands of Filipino families wanting to fulfill their dream of securing their children’s education.
                    [DatePublished] => 2005-12-20 00:00:00
                    [ColumnID] => 135725
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 273849
                    [Title] => SEC official backs CAP lobby for changes in actuarial liabilities
                    [Summary] => College Assurance Plans Inc. (CAP) has found an ally in Securities and Exchange Commission (SEC) associate commissioner Jesus Martinez  who is likewise pushing for changes in the actuarial treatment of pre-need trust funds.


In a letter to Sen.  Edgardo Angara, chairman of the Senate Committee on Banks, Financial Institutions and Currencies, Martinez said the Pre-need Uniform Chart of Accountants (PNUCA) that the SEC had formulated may not be an effective way of ensuring the true financial health of pre-need companies.


                    [DatePublished] => 2005-04-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 273630
                    [Title] => Congressional probe of SEC urged over pre-need industry
                    [Summary] => The Securities and Exchange Commission (SEC) has been charged in Congress with "creating havoc" in the pre-need industry to the "detriment and prejudice of planholders".


                    [DatePublished] => 2005-04-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest