Array
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    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 283998
                    [Title] => PDIC-type agency for troubled pre-need companies opposed
                    [Summary] => The proposal to establish a line agency similar to the Philippine Deposit Insurance Corp. (PDIC) for the pre-need industry is not getting the support from the top industry players.


The PDIC is the government agency mandated to take over or act as receiver for closed banking institutions as well as issue deposit insurance up to a maximum P250,000.


                    [DatePublished] => 2005-06-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 282990
                    [Title] => Pre-need group seeks benefits ceiling on open-ended plans
                    [Summary] => The Federation of Philippine Pre-Need Plan Companies (FPPC) is seeking a ceiling on the benefits paid to planholders of open-ended plans to ensure the continued operations of pre-need firms.


In open-ended plans, a pre-need firm pays the tuition of a beneficiary regardless of the amount due.


This is opposed to a fixed value plan that specifies a fixed amount the beneficiary would receive upon maturity.


FPPC president Juan Miguel Vazquez said there should be a cap for open-ended benefits to ensure the survival of pre-need companies.


                    [DatePublished] => 2005-06-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 283006
                    [Title] => Equity managers favor extension of SPVA incentives
                    [Summary] => A leading expert in regional investment and corporate finance has expressed support for the extension of the grant of incentives under the Special Purpose Vehicle Act (SPVA).


Francis G. Estrada, chairman of Equity Managers Asia Inc. and chief executive officer of Philippine SPV Managers Inc., said he favors an extension of the incentives offered by the SPV Law.


"I favor the extension of the SPV Law as a necessary evil, even as the banking industry has not shown a sense of urgency on the matter," he said.


                    [DatePublished] => 2005-06-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

EQUITY MANAGERS ASIA INC

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 283998
                    [Title] => PDIC-type agency for troubled pre-need companies opposed
                    [Summary] => The proposal to establish a line agency similar to the Philippine Deposit Insurance Corp. (PDIC) for the pre-need industry is not getting the support from the top industry players.


The PDIC is the government agency mandated to take over or act as receiver for closed banking institutions as well as issue deposit insurance up to a maximum P250,000.


                    [DatePublished] => 2005-06-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 282990
                    [Title] => Pre-need group seeks benefits ceiling on open-ended plans
                    [Summary] => The Federation of Philippine Pre-Need Plan Companies (FPPC) is seeking a ceiling on the benefits paid to planholders of open-ended plans to ensure the continued operations of pre-need firms.


In open-ended plans, a pre-need firm pays the tuition of a beneficiary regardless of the amount due.


This is opposed to a fixed value plan that specifies a fixed amount the beneficiary would receive upon maturity.


FPPC president Juan Miguel Vazquez said there should be a cap for open-ended benefits to ensure the survival of pre-need companies.


                    [DatePublished] => 2005-06-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 283006
                    [Title] => Equity managers favor extension of SPVA incentives
                    [Summary] => A leading expert in regional investment and corporate finance has expressed support for the extension of the grant of incentives under the Special Purpose Vehicle Act (SPVA).


Francis G. Estrada, chairman of Equity Managers Asia Inc. and chief executive officer of Philippine SPV Managers Inc., said he favors an extension of the incentives offered by the SPV Law.


"I favor the extension of the SPV Law as a necessary evil, even as the banking industry has not shown a sense of urgency on the matter," he said.


                    [DatePublished] => 2005-06-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

PDIC-type agency for troubled pre-need companies opposed

By Ted P. Torres | June 29, 2005 - 12:00am

The proposal to establish a line agency similar to the Philippine Deposit Insurance Corp. (PDIC) for the pre-need industry is not getting the support from the top industry players. The PDIC is the government agency...

Business

Pre-need group seeks benefits ceiling on open-ended plans

By Zinnia B. Dela Peña | June 22, 2005 - 12:00am

The Federation of Philippine Pre-Need Plan Companies (FPPC) is seeking a ceiling on the benefits paid to planholders of open-ended plans to ensure the continued operations of pre-need firms. In open-ended plans,...

Business

Equity managers favor extension of SPVA incentives

By Ted P. Torres | June 22, 2005 - 12:00am

A leading expert in regional investment and corporate finance has expressed support for the extension of the grant of incentives under the Special Purpose Vehicle Act (SPVA). Francis G. Estrada, chairman of Equity...

Business