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                    [ArticleID] => 286031
                    [Title] => Canadian firm eyes Platinum Plans
                    [Summary] => A Canadian firm has offered to buy out Platinum Plans Inc. from the Salas family, the cash-strapped pre-need firm disclosed in its rehabilitation plan filed with the local court.


Platinum, however, said it cannot predict the prospect of closing the deal with the unidentified Canadian investor due to the current controversies and the consequent operational and financial difficulties of the pre-need firm.


                    [DatePublished] => 2005-07-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 285862
                    [Title] => SEC mulls charges against owners of Platinum Plans
                    [Summary] => The Securities and Exchange Commission (SEC) is looking into Platinum Plans Inc. for possible filing of criminal charges against its owners and management due to reports of alleged misappropriation of funds that led to the collapse of the pre-need firm.


SEC chairman Fe Barin said the filing by Platinum Plans of a petition for suspension of payments with the court will not stop the commission from investigating the pre-need firm and imposing whatever sanctions as may be necessary.


                    [DatePublished] => 2005-07-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 284832
                    [Title] => 10 pre-need companies on SEC watchlist
                    [Summary] => The Securities and Exchange Commission (SEC) is closely monitoring 10 other pre-need companies that offered open-ended educational plans in light of reports that some of them are experiencing liquidity problems.


Apart from Pacific Plans Inc. and College Assurance Plans, other pre-need firms on the SEC’s watchlist are Platinum Plans, TPG Corp., Prudential Life Plans, PET Plans, Eternal Plans, Eduplan Phils., Legacy Consolidated Plans, Pryce Plans, Trusteeship Plans, and Scholarship Plan Phils.


                    [DatePublished] => 2005-07-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 276240
                    [Title] => SEC trims number of pre-need firms to 33
                    [Summary] => The number of pre-need firms licensed by the Securities and Exchange Commission (SEC) to sell securities to the public has dwindled from 42 last year to 33.


Commission secretary Gerard Lukban said only 33 were able to comply with the requirements imposed by the SEC for renewal of their dealership license while the rest have either stopped selling plans or are still in the process of completing the requirements.


Pre-need firms are required to maintain at least P100 million in capital.


                    [DatePublished] => 2005-05-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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EDUPLAN PHILS

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                    [ArticleID] => 286031
                    [Title] => Canadian firm eyes Platinum Plans
                    [Summary] => A Canadian firm has offered to buy out Platinum Plans Inc. from the Salas family, the cash-strapped pre-need firm disclosed in its rehabilitation plan filed with the local court.


Platinum, however, said it cannot predict the prospect of closing the deal with the unidentified Canadian investor due to the current controversies and the consequent operational and financial difficulties of the pre-need firm.


                    [DatePublished] => 2005-07-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 285862
                    [Title] => SEC mulls charges against owners of Platinum Plans
                    [Summary] => The Securities and Exchange Commission (SEC) is looking into Platinum Plans Inc. for possible filing of criminal charges against its owners and management due to reports of alleged misappropriation of funds that led to the collapse of the pre-need firm.


SEC chairman Fe Barin said the filing by Platinum Plans of a petition for suspension of payments with the court will not stop the commission from investigating the pre-need firm and imposing whatever sanctions as may be necessary.


                    [DatePublished] => 2005-07-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 284832
                    [Title] => 10 pre-need companies on SEC watchlist
                    [Summary] => The Securities and Exchange Commission (SEC) is closely monitoring 10 other pre-need companies that offered open-ended educational plans in light of reports that some of them are experiencing liquidity problems.


Apart from Pacific Plans Inc. and College Assurance Plans, other pre-need firms on the SEC’s watchlist are Platinum Plans, TPG Corp., Prudential Life Plans, PET Plans, Eternal Plans, Eduplan Phils., Legacy Consolidated Plans, Pryce Plans, Trusteeship Plans, and Scholarship Plan Phils.


                    [DatePublished] => 2005-07-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 276240
                    [Title] => SEC trims number of pre-need firms to 33
                    [Summary] => The number of pre-need firms licensed by the Securities and Exchange Commission (SEC) to sell securities to the public has dwindled from 42 last year to 33.


Commission secretary Gerard Lukban said only 33 were able to comply with the requirements imposed by the SEC for renewal of their dealership license while the rest have either stopped selling plans or are still in the process of completing the requirements.


Pre-need firms are required to maintain at least P100 million in capital.


                    [DatePublished] => 2005-05-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Canadian firm eyes Platinum Plans

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

A Canadian firm has offered to buy out Platinum Plans Inc. from the Salas family, the cash-strapped pre-need firm disclosed in its rehabilitation plan filed with the local court. Platinum, however, said it cannot...

Business

SEC mulls charges against owners of Platinum Plans

By Zinnia B. Dela Peña | July 11, 2005 - 12:00am

The Securities and Exchange Commission (SEC) is looking into Platinum Plans Inc. for possible filing of criminal charges against its owners and management due to reports of alleged misappropriation of funds that...

Business

10 pre-need companies on SEC watchlist

By Zinnia B. Dela Peña | July 4, 2005 - 12:00am

The Securities and Exchange Commission (SEC) is closely monitoring 10 other pre-need companies that offered open-ended educational plans in light of reports that some of them are experiencing liquidity problems. Apart...

Business

SEC trims number of pre-need firms to 33

By Zinnia B. Dela Peña | May 4, 2005 - 12:00am

The number of pre-need firms licensed by the Securities and Exchange Commission (SEC) to sell securities to the public has dwindled from 42 last year to 33. Commission secretary Gerard Lukban said only 33 were able...

Business