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                    [ArticleID] => 285160
                    [Title] => SEC files criminal raps vs officers of pre-need firm
                    [Summary] => The Securities and Exchange Commission (SEC) has filed a criminal complaint at the Department of Justice against the officers of pre-need firm Asian Diamond Plans Inc. for their fraudulent and manipulative practices in violation of several provisions of the Securities Regulation Code and the Revised Penal Code.


In its complaint, the SEC said Asian Diamond resorted to a series of misrepresentations to make it appear that it has complied with rules on the registration and sale of pre-need plans, including the minimum paid-up capital of P100 million.


                    [DatePublished] => 2005-07-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 240151
                    [Title] => 2 groups eye Asian Diamond Plans
                    [Summary] => At least two local groups are eyeing the take over of  cash-strapped pre-need firm Asian Diamond Plans following the latter’s failure to conclude a deal with the Singaporean-American firm Sovereign Group.


Miguel Madrigal-Vazquez, head of the Federation of Pre-Need Plan Companies and concurrent president of  Permanent Plans Inc., said two local investor groups  have signified interest to take over the operations of Asian Diamond, which has been hard pressed to meet the minimum paid-up capital requirement.


                    [DatePublished] => 2004-02-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [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
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 171752
                    [Title] => Strict SEC rules forged stronger pre-need sector
                    [Summary] => Over two years of "fierce" and "unforgiving" and at times "painful" regulation by the Securities and Exchange Commission made the pre-need industry shape up and financially stable.


Philippine Federation of Pre-need Companies president Juan Miguel Madrigal Vazquez admitted this at a hearing of the House subcommittee on securities and capital markets last week.


                    [DatePublished] => 2002-08-12 00:00:00
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                    [ArticleID] => 171272
                    [Title] => New foreign group eyes local pre-need industry
                    [Summary] => Amid problems plaguing the pre-need industry, a Singaporean-American group has signified interest in entering the Philippine pre-need market to take advantage of the growing awareness by the public of the financial benefits of the product.  


Emil Aquino, head of the Securities and Exchange Commission’s Non-traditional Securities Department, said the Singaporean-American group will buy out cash-strapped pre-need firm Asian Diamond Plans Inc. of businessman Damaso Magbual.


                    [DatePublished] => 2002-08-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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ASIAN DIAMOND

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                    [ArticleID] => 285160
                    [Title] => SEC files criminal raps vs officers of pre-need firm
                    [Summary] => The Securities and Exchange Commission (SEC) has filed a criminal complaint at the Department of Justice against the officers of pre-need firm Asian Diamond Plans Inc. for their fraudulent and manipulative practices in violation of several provisions of the Securities Regulation Code and the Revised Penal Code.


In its complaint, the SEC said Asian Diamond resorted to a series of misrepresentations to make it appear that it has complied with rules on the registration and sale of pre-need plans, including the minimum paid-up capital of P100 million.


                    [DatePublished] => 2005-07-06 00:00:00
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 240151
                    [Title] => 2 groups eye Asian Diamond Plans
                    [Summary] => At least two local groups are eyeing the take over of  cash-strapped pre-need firm Asian Diamond Plans following the latter’s failure to conclude a deal with the Singaporean-American firm Sovereign Group.


Miguel Madrigal-Vazquez, head of the Federation of Pre-Need Plan Companies and concurrent president of  Permanent Plans Inc., said two local investor groups  have signified interest to take over the operations of Asian Diamond, which has been hard pressed to meet the minimum paid-up capital requirement.


                    [DatePublished] => 2004-02-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [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
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                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                    [ArticleID] => 171752
                    [Title] => Strict SEC rules forged stronger pre-need sector
                    [Summary] => Over two years of "fierce" and "unforgiving" and at times "painful" regulation by the Securities and Exchange Commission made the pre-need industry shape up and financially stable.


Philippine Federation of Pre-need Companies president Juan Miguel Madrigal Vazquez admitted this at a hearing of the House subcommittee on securities and capital markets last week.


                    [DatePublished] => 2002-08-12 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 171272
                    [Title] => New foreign group eyes local pre-need industry
                    [Summary] => Amid problems plaguing the pre-need industry, a Singaporean-American group has signified interest in entering the Philippine pre-need market to take advantage of the growing awareness by the public of the financial benefits of the product.  


Emil Aquino, head of the Securities and Exchange Commission’s Non-traditional Securities Department, said the Singaporean-American group will buy out cash-strapped pre-need firm Asian Diamond Plans Inc. of businessman Damaso Magbual.


                    [DatePublished] => 2002-08-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

SEC files criminal raps vs officers of pre-need firm

By Zinnia B. Dela Peña | July 6, 2005 - 12:00am

The Securities and Exchange Commission (SEC) has filed a criminal complaint at the Department of Justice against the officers of pre-need firm Asian Diamond Plans Inc. for their fraudulent and manipulative practices...

Business

2 groups eye Asian Diamond Plans

By Zinnia B. Dela Peña | February 24, 2004 - 12:00am

At least two local groups are eyeing the take over of cash-strapped pre-need firm Asian Diamond Plans following the latter’s failure to conclude a deal with the Singaporean-American firm Sovereign Group. Miguel...

Business

SEC dangles Asian Diamond Plans as acquisition target for pre-need firms

By Zinnia B. Dela Peña | November 28, 2003 - 12:00am

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...

Business

Strict SEC rules forged stronger pre-need sector

August 12, 2002 - 12:00am

Over two years of "fierce" and "unforgiving" and at times "painful" regulation by the Securities and Exchange Commission made the pre-need industry shape up and financially stable. Philippine...

Business

New foreign group eyes local pre-need industry

By Zinnia B. Dela Peña | August 8, 2002 - 12:00am

Amid problems plaguing the pre-need industry, a Singaporean-American group has signified interest in entering the Philippine pre-need market to take advantage of the growing awareness by the public of the financial...

Business