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+ Follow ELISEO DIZON JR. Tag
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 177245 [Title] => Philam Plans trust fund remains liquid [Summary] => Philam Plans president and CEO Eliseo Dizon Jr. recently announced that the number one pre-need company has brought down its investment on direct loans to 3.21 percent as of June 20, 17 months earlier than the two-year deadline prescribed by the Securities and Exchange Commission (SEC). This move makes the company compliant to the five percent maximum limit imposed by SEC for investment on direct loans and hence, to the prescribed investment portfolio mix of the trust fund.
[DatePublished] => 2002-09-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [1] => Array ( [ArticleID] => 173668 [Title] => Philam Plans backs protection fund [Summary] => Philam Plans president and chief executive officer Eliseo Dizon Jr. echoed recently the Securities and Exchange Commissions (SEC) proposal to set up a protection fund for pre-need planholders.
The proposal was authored by the government after reports came out on the CAP trust fund deficiency of P2.59 billion. Under the proposal, pre-need firms would be required to contribute to the fund, which pre-need investors can turn to when their pre-need firm goes bankrupt.
[DatePublished] => 2002-08-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [2] => Array ( [ArticleID] => 171033 [Title] => PhilamPlans trust funds up [Summary] => Industry leader PhilamPlans registered a 19.55-percent growth in its trust funds or from P4.3 billion reported in end December 2001 to P5.1 billion in April this year.
Trust funds is money set aside from a portion of the premium payments of its clients. These are assigned to a trustee bank to serve as reserves for future claims as well as investment funds.
Trust funds grew by 49 percent from P2.8 billion in end 2000 to P4.2 billion in end December 2001.
[DatePublished] => 2002-08-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [3] => Array ( [ArticleID] => 151839 [Title] => Philam Plans ties up with Pares-Pares [Summary] => Philam Plans Inc., a member of the Philam Group of Companies, has gained prominence among overseas Filipino workers (OFWs) in Hong Kong ever since it entered into a service agreement with Pares-Pares International Network Limited and joined with them in their cooperative pre-need program.
[DatePublished] => 2002-02-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
ELISEO DIZON JR.
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 177245 [Title] => Philam Plans trust fund remains liquid [Summary] => Philam Plans president and CEO Eliseo Dizon Jr. recently announced that the number one pre-need company has brought down its investment on direct loans to 3.21 percent as of June 20, 17 months earlier than the two-year deadline prescribed by the Securities and Exchange Commission (SEC). This move makes the company compliant to the five percent maximum limit imposed by SEC for investment on direct loans and hence, to the prescribed investment portfolio mix of the trust fund.
[DatePublished] => 2002-09-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [1] => Array ( [ArticleID] => 173668 [Title] => Philam Plans backs protection fund [Summary] => Philam Plans president and chief executive officer Eliseo Dizon Jr. echoed recently the Securities and Exchange Commissions (SEC) proposal to set up a protection fund for pre-need planholders.
The proposal was authored by the government after reports came out on the CAP trust fund deficiency of P2.59 billion. Under the proposal, pre-need firms would be required to contribute to the fund, which pre-need investors can turn to when their pre-need firm goes bankrupt.
[DatePublished] => 2002-08-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [2] => Array ( [ArticleID] => 171033 [Title] => PhilamPlans trust funds up [Summary] => Industry leader PhilamPlans registered a 19.55-percent growth in its trust funds or from P4.3 billion reported in end December 2001 to P5.1 billion in April this year.
Trust funds is money set aside from a portion of the premium payments of its clients. These are assigned to a trustee bank to serve as reserves for future claims as well as investment funds.
Trust funds grew by 49 percent from P2.8 billion in end 2000 to P4.2 billion in end December 2001.
[DatePublished] => 2002-08-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [3] => Array ( [ArticleID] => 151839 [Title] => Philam Plans ties up with Pares-Pares [Summary] => Philam Plans Inc., a member of the Philam Group of Companies, has gained prominence among overseas Filipino workers (OFWs) in Hong Kong ever since it entered into a service agreement with Pares-Pares International Network Limited and joined with them in their cooperative pre-need program.
[DatePublished] => 2002-02-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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September 24, 2002 - 12:00am
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