Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1332944
                    [Title] => Better late than never: Delayed reaction to the US Foreign Account Tax Compliance Act
                    [Summary] => 
FATCA is part of a larger piece of legislation called the Hiring Incentives to Restore Employment Act (HIRE) that was passed by the United States Congress in 2010.

                    [DatePublished] => 2014-06-10 00:00:00
                    [ColumnID] => 136078
                    [Focus] => 0
                    [AuthorID] => 1438894
                    [AuthorName] => Kathleen L. Saga
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 483124
                    [Title] => Angara files bill to amend old law on investments
                    [Summary] => 
A lawmaker stressed yesterday the need for Congress to approve the Collective Investment Schemes (CIS) measure, saying that this would unify different laws and regulations on unit investments trust funds and investment companies.
                    [DatePublished] => 2009-07-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 48249
                    [Title] => PSE draws up rules on listing of exchange- traded funds
                    [Summary] => 
            
                    [DatePublished] => 2008-03-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 297688
                    [Title] => Financial sector urges passage of RICA bill
                    [Summary] => The passage into law of the proposed Revised Investment Company Act (RICA), currently pending in the Senate, will help develop the country’s capital market.


In fact, Philippine Stock Exchange (PSE) president Francis Lim said that Congress has formed a committee composed of representatives from the Investment Houses Association of the Philippines (IHAP), Investment Companies Association of the Philippines (ICAP), the Securities and Exchange Commission (SEC), the Financial Executives of the Philippines (Finex), PSE, and the sponsor/s of the bill.


                    [DatePublished] => 2005-09-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 279405
                    [Title] => Taxes on investment products must be harmonized, says BSP
                    [Summary] => The tax treatment of collective investment products should be harmonized to remove distortions, the Bangko Sentral ng Pilipinas (BSP) said yesterday.


As financial regulators moved to align their regulations with international best practices, the BSP said congressional action might be necessary to rationalize and ultimately harmonize taxes applicable to collective investment products such as trust funds, mutual funds and variable insurance products. 


                    [DatePublished] => 2005-05-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 278979
                    [Title] => Government mulls international standards for investment funds
                    [Summary] => Financial regulators are considering the possibility of aligning their regulations with international best practice for such products as trust funds, mutual funds and variable insurance products. 


If approved, regulators would be implementing harmonized rules on eligible investments, exposure limits, valuation and disclosure, sales practices, fees and commissions, custodianship, reporting and incentives.


                    [DatePublished] => 2005-05-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 262878
                    [Title] => BSP seeks tighter watch on SSS, GSIS
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) wants a tighter management and regulation of the country’s state-owned pension funds as monetary officials pushed for the passage of key legislative reforms for the financial sector. 


The BSP presented yesterday its financial sector restructuring and reform agenda that included administrative measures focusing mainly on state-owned pension funds, Social Security System (SSS) and the Government Service Insurance System (GSIS). 


                    [DatePublished] => 2004-08-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 219441
                    [Title] => SEC reviews rules to accommodate trading of real estate invest funds
                    [Summary] => The Securities and Exchange Commission (SEC) will review its existing rules to make way for the eventual trading of real estate investments funds (REIFs) at the local bourse.


Graciano Felizmenio, assistant director of the SEC’s Markets Regulation Department, said  they are going to review whether changes should be made with respect to existing rules to accommodate the listing of REIFs.  "The more the products, the better for the market," he added.


                    [DatePublished] => 2003-09-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 217864
                    [Title] => PSE seeks incentives for real estate invest funds
                    [Summary] => In line with efforts to broaden the products available to the investing public and keep the Philippine market abreast with global trends, the Philippine Stock Exchange (PSE) is seeking the passage of a law that will give special fiscal incentives to those who will invest in real estate investment funds (REIFs).


While envisioned to parallel the Real Estate Investment Trusts (REITs) in Japan, US and Singapore, the proposed REIFs however, lacks the fiscal incentives found in such REITs, the PSE said.


                    [DatePublished] => 2003-08-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 187320
                    [Title] => SEC sets probe of Tibayan Group over sale of securities
                    [Summary] => The Securities and Exchange Commission is investigating the Tibayan Group Asset Management Corp. (TGAMC) for fraudulent sale of securities to the public in violation of the Securities Regulation Code (SRC).


TGAMC, the mutual fund firm of the Tibayan Group, is suspected of engaging in the operations of a pseudo-investment firm as it offers three to five percent interest a month as a come-on to potential investors.


                    [DatePublished] => 2002-12-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

Investment Company Act

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1332944
                    [Title] => Better late than never: Delayed reaction to the US Foreign Account Tax Compliance Act
                    [Summary] => 
FATCA is part of a larger piece of legislation called the Hiring Incentives to Restore Employment Act (HIRE) that was passed by the United States Congress in 2010.

                    [DatePublished] => 2014-06-10 00:00:00
                    [ColumnID] => 136078
                    [Focus] => 0
                    [AuthorID] => 1438894
                    [AuthorName] => Kathleen L. Saga
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 483124
                    [Title] => Angara files bill to amend old law on investments
                    [Summary] => 
A lawmaker stressed yesterday the need for Congress to approve the Collective Investment Schemes (CIS) measure, saying that this would unify different laws and regulations on unit investments trust funds and investment companies.
                    [DatePublished] => 2009-07-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 48249
                    [Title] => PSE draws up rules on listing of exchange- traded funds
                    [Summary] => 
            
                    [DatePublished] => 2008-03-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 297688
                    [Title] => Financial sector urges passage of RICA bill
                    [Summary] => The passage into law of the proposed Revised Investment Company Act (RICA), currently pending in the Senate, will help develop the country’s capital market.


In fact, Philippine Stock Exchange (PSE) president Francis Lim said that Congress has formed a committee composed of representatives from the Investment Houses Association of the Philippines (IHAP), Investment Companies Association of the Philippines (ICAP), the Securities and Exchange Commission (SEC), the Financial Executives of the Philippines (Finex), PSE, and the sponsor/s of the bill.


                    [DatePublished] => 2005-09-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 279405
                    [Title] => Taxes on investment products must be harmonized, says BSP
                    [Summary] => The tax treatment of collective investment products should be harmonized to remove distortions, the Bangko Sentral ng Pilipinas (BSP) said yesterday.


As financial regulators moved to align their regulations with international best practices, the BSP said congressional action might be necessary to rationalize and ultimately harmonize taxes applicable to collective investment products such as trust funds, mutual funds and variable insurance products. 


                    [DatePublished] => 2005-05-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 278979
                    [Title] => Government mulls international standards for investment funds
                    [Summary] => Financial regulators are considering the possibility of aligning their regulations with international best practice for such products as trust funds, mutual funds and variable insurance products. 


If approved, regulators would be implementing harmonized rules on eligible investments, exposure limits, valuation and disclosure, sales practices, fees and commissions, custodianship, reporting and incentives.


                    [DatePublished] => 2005-05-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 262878
                    [Title] => BSP seeks tighter watch on SSS, GSIS
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) wants a tighter management and regulation of the country’s state-owned pension funds as monetary officials pushed for the passage of key legislative reforms for the financial sector. 


The BSP presented yesterday its financial sector restructuring and reform agenda that included administrative measures focusing mainly on state-owned pension funds, Social Security System (SSS) and the Government Service Insurance System (GSIS). 


                    [DatePublished] => 2004-08-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 219441
                    [Title] => SEC reviews rules to accommodate trading of real estate invest funds
                    [Summary] => The Securities and Exchange Commission (SEC) will review its existing rules to make way for the eventual trading of real estate investments funds (REIFs) at the local bourse.


Graciano Felizmenio, assistant director of the SEC’s Markets Regulation Department, said  they are going to review whether changes should be made with respect to existing rules to accommodate the listing of REIFs.  "The more the products, the better for the market," he added.


                    [DatePublished] => 2003-09-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 217864
                    [Title] => PSE seeks incentives for real estate invest funds
                    [Summary] => In line with efforts to broaden the products available to the investing public and keep the Philippine market abreast with global trends, the Philippine Stock Exchange (PSE) is seeking the passage of a law that will give special fiscal incentives to those who will invest in real estate investment funds (REIFs).


While envisioned to parallel the Real Estate Investment Trusts (REITs) in Japan, US and Singapore, the proposed REIFs however, lacks the fiscal incentives found in such REITs, the PSE said.


                    [DatePublished] => 2003-08-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 187320
                    [Title] => SEC sets probe of Tibayan Group over sale of securities
                    [Summary] => The Securities and Exchange Commission is investigating the Tibayan Group Asset Management Corp. (TGAMC) for fraudulent sale of securities to the public in violation of the Securities Regulation Code (SRC).


TGAMC, the mutual fund firm of the Tibayan Group, is suspected of engaging in the operations of a pseudo-investment firm as it offers three to five percent interest a month as a come-on to potential investors.


                    [DatePublished] => 2002-12-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest