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                    [ArticleID] => 211962
                    [Title] => CAP names comptroller to evaluate financial status
                    [Summary] => College Assurance Plan Philippines Inc. (CAP) has appointed a permanent  comptroller to evaluate its financial condition and to map out ways to address its trust fund deficiency. 


Securities and Exchange Commission General Accountant Roberto Manabat said newly-appointed comptroller Mario Aguas will be tasked with ensuring that CAP covers its maturing obligations and contributes to a separate trust fund for new plan sales.


"CAP appointed Aguas as permanent comptroller in consultation with the SEC," Manabat said.


                    [DatePublished] => 2003-06-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 207351
                    [Title] => CAP shareholders offer more money to boost trust fund
                    [Summary] => Several shareholders of College Assurance Plan Philippines Inc. (CAP) have offered to put up additional money to boost the beleaguered pre-need firm’s trust fund and reassure its planholders that it would meet all its obligations.


This as CAP failed to infuse at least P2 billion into its trust fund to cover its deficiency.


A trust fund serves as a buffer fund to ensure that all obligations due to planholders will be met in case a pre-need plan firm runs into financial difficulty.


                    [DatePublished] => 2003-05-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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EURON REALTY

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                    [ArticleID] => 211962
                    [Title] => CAP names comptroller to evaluate financial status
                    [Summary] => College Assurance Plan Philippines Inc. (CAP) has appointed a permanent  comptroller to evaluate its financial condition and to map out ways to address its trust fund deficiency. 


Securities and Exchange Commission General Accountant Roberto Manabat said newly-appointed comptroller Mario Aguas will be tasked with ensuring that CAP covers its maturing obligations and contributes to a separate trust fund for new plan sales.


"CAP appointed Aguas as permanent comptroller in consultation with the SEC," Manabat said.


                    [DatePublished] => 2003-06-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 207351
                    [Title] => CAP shareholders offer more money to boost trust fund
                    [Summary] => Several shareholders of College Assurance Plan Philippines Inc. (CAP) have offered to put up additional money to boost the beleaguered pre-need firm’s trust fund and reassure its planholders that it would meet all its obligations.


This as CAP failed to infuse at least P2 billion into its trust fund to cover its deficiency.


A trust fund serves as a buffer fund to ensure that all obligations due to planholders will be met in case a pre-need plan firm runs into financial difficulty.


                    [DatePublished] => 2003-05-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

CAP names comptroller to evaluate financial status

June 30, 2003 - 12:00am

College Assurance Plan Philippines Inc. (CAP) has appointed a permanent comptroller to evaluate its financial condition and to map out ways to address its trust fund deficiency. Securities and Exchange Commission...

Business

CAP shareholders offer more money to boost trust fund

By Zinnia B. Dela Peña | May 24, 2003 - 12:00am

Several shareholders of College Assurance Plan Philippines Inc. (CAP) have offered to put up additional money to boost the beleaguered pre-need firm’s trust fund and reassure its planholders that it would meet...

Business