+ Follow CHAIRMAN LILIA R Tag
CHAIRMAN LILIA R
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 258048
[Title] => Third party to appraise real estate assets of CAP
[Summary] => The Securities and Exchange Commission (SEC) will meet with the trustee banks of College Assurance Plan Phils. Inc. (CAP) to discuss whether they could adjust the valuation of the pre-need firm’s assets.
SEC Chairman Lilia R. Bautista said the trustee banks have agreed to hire a third party appraiser to come up with a fair value of CAP’s real estate properties.
This after CAP asked for a higher valuation of its real estate properties in its trust fund.
[DatePublished] => 2004-07-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 256533
[Title] => SEC says CAP has enough assets to cover debts
[Summary] => The Securities and Exchange Commission (SEC) said yesterday that pre-need industry leader College Assurance Plan Philippines Inc. (CAP) has enough assets to cover its maturing obligations and that it is doing everything it can to further strengthen its trust fund.
SEC Chairman Lilia R. Bautista said CAP’s real estate properties and Metro Rail Transit (MRT) bonds are sufficient to settle its liabilities.
[DatePublished] => 2004-07-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 247276
[Title] => SEC sets probe on investment solicitations of HMO firm
[Summary] => The Securities and Exchange Commission (SEC) has asked the Department of Health to look into the investment solicitation activities being made by Caritas Health Shield Inc., a health maintenance organization (HMO).
In a letter to Health Secretary Manuel Dayrit, SEC Chairman Lilia R. Bautista said the commission has received numerous queries from private individuals whether Caritas is licensed to solicit investments from the public.
[DatePublished] => 2004-04-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 241486
[Title] => SEC to fine lending firms refusing to convert to financing companies
[Summary] => The Securities and Exchange Commission (SEC) will penalize lending institutions that still refuse to convert into financing companies as required under the Financing Company Act.
SEC Chairman Lilia R. Bautista said a mere 269 out of the total 10,885 registered lending investors have complied with the SEC order and have been granted licenses to operate as financing companies.
Two years ago, the lending investors were given until July last year to convert into financing companies or face sanctions from the SEC.
[DatePublished] => 2004-03-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 238229
[Title] => Na otso-otso tayo
[Summary] => A reader, whose name is being held in confidence, wrote me some interesting and illuminating facts about the crafting of the Philippine Mining Act. He wrote:
"After reading your column in today’s business page of The Philippine Star, what came to my mind is the popular song "Otso Otso." You have indeed clearly recognized that na otso-otso ang ating Mining Act 7942.
[DatePublished] => 2004-02-09 00:00:00
[ColumnID] => 133715
[Focus] => 0
[AuthorID] => 1805279
[AuthorName] => Rey Gamboa
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 236207
[Title] => PSE seeks other options to spread ownership of stock exchange
[Summary] => The Philippine Stock Exchange (PSE) said it continues to evaluate all options that would enable it to comply with the ownership limit for exchanges under the Securities Regulation Code (SRC).
Under the SRC, no individual can own more than five percent of the exchange and no single business group can hold more than 20 percent.
[DatePublished] => 2004-01-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 234604
[Title] => 15 solons endorse Martinez as next SEC chairman
[Summary] => Fifteen congressmen from Negros, Bohol, Siquijor and Cebu have endorsed Securities and Exchange Commission commissioner Jesus E.G. Martinez as the next chairman of the regulatory body.
The 15 solons, spearheaded by Negros Oriental 3rd district Rep. Herminio G. Teves, said they "strongly endorse" to President Arroyo the appointment of Martinez as the next chairman once the position becomes "vacant soon." SEC Chairman Lilia R. Bautista is expected to retire in the first quarter.
[DatePublished] => 2004-01-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 234021
[Title] => SEC asks PSE to spin off its compliance, surveillance arm
[Summary] => The Securities and Exchange Commission (SEC) will ask the Philippine Stock Exchange (PSE) to spin off its compliance and surveillance department (CSD) into a new corporation to ensure the integrity and fairness of the market.
SEC Chairman Lilia R. Bautista underscored the need for the PSE to create an independent compliance and surveillance corporation after a PSE audit exposed fraud and other violations by a number of brokerage houses.
[DatePublished] => 2004-01-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 233692
[Title] => SEC orders thorough audit of 12 broker companies
[Summary] => The Securities and Exchange Commission (SEC) has ordered that a more thorough audit be conducted on the 12 broker firms earlier found to have allegedly violated provisions of the Securities Regulation Code.
SEC Chairman Lilia R. Bautista said: "It was agreed upon that an in-depth extended audit be conducted on the 12 brokers to further validate the group’s findings."
Bautista said the PSE would have to hire external auditors to validate the group’s findings.
[DatePublished] => 2004-01-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 231809
[Title] => PSE shares shoot up upon listing
[Summary] => As the Philippine Stock Exchange’s own shares were listed yesterday, the Securities and Exchange Commission (SEC) has advised brokers to stick to their promise of divesting their shareholdings in the bourse to fully comply with the securities law.
[DatePublished] => 2003-12-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
January 10, 2004 - 12:00am
