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Amid the din of competing voices over the alleged Legacy scam that led to the closure of 13 rural banks and three pre-need companies, the failure of regulators tends to resonate just as loudly as how the perpetrators actually pulled it off.
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ALL ASIA PLANS CORP

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Amid the din of competing voices over the alleged Legacy scam that led to the closure of 13 rural banks and three pre-need companies, the failure of regulators tends to resonate just as loudly as how the perpetrators actually pulled it off.
                    [DatePublished] => 2009-02-27 00:00:00
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                    [ColumnID] => 133272
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [Title] => All Asia Capital seeks debt relief
                    [Summary] => All Asia Capital and Trust Corp. (AACTC) has applied for debt relief while the future of its subsidiary – All Asia Life Assurance Corp. (All Asia Life) – hangs in the balance.


AACTC has asked the Makati Regional Trial Court to order a suspension of its payments on its debt amounting to $17 million representing a primary  debt from the International Finance Corp. (IFC), the investment arm of the World Bank.


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abtest

Legacy owner arrested in hospital

July 14, 2009 - 12:00am

Police arrested controversial Legacy Group owner Celso de los Angeles at the St. Luke’s Medical Center yesterday afternoon for syndicated estafa charges filed in Cagayan de Oro province.

Headlines

Madness of greed and politics

By Rey Gamboa | February 27, 2009 - 12:00am

Amid the din of competing voices over the alleged Legacy scam that led to the closure of 13 rural banks and three pre-need companies, the failure of regulators tends to resonate just as loudly as how the perpetrators...

Business

Bureau of the Treasury to investors: Put your money in safe instruments

By Iris Gonzales | February 10, 2009 - 12:00am

The Bureau of the Treasury (BTr) is urging investors to put their money in safe instruments such as government debt papers amid the uncertain economic environment.

Business

SEC conducts probe of Legacy group owners, officials

By Zinnia B. Dela Peña | January 26, 2009 - 12:00am

The Securities and Exchange Commission (SEC) is conducting an investigation into possible criminal wrongdoing by the owners and officers of the Legacy group whose pre-need outfits closed shop without the consent...

Business

All Asia Capital seeks debt relief

By Ted P. Torres | September 14, 2001 - 12:00am

All Asia Capital and Trust Corp. (AACTC) has applied for debt relief while the future of its subsidiary – All Asia Life Assurance Corp. (All Asia Life) – hangs in the balance. AACTC has asked the Makati...

Business