+ Follow LORENZO OCAMPO Tag
LORENZO OCAMPO
Array
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[results] => Array
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[0] => Array
(
[ArticleID] => 345230
[Title] => SEC welcomes PET Plans’ move to file for rehab
[Summary] => The Securities and Exchange Commission (SEC) said it would not get in the way of pre-need firm PET Plans Inc. as long as the latter’s rehabilitation plan gets the approval of majority of its planholders.
A high-ranking SEC official said the commission welcomes the move taken by the pre-need firm to file a petition for corporate rehabilitation and its ongoing efforts to reach out to planholders and explain its predicament.
Under its rehabilitation plan, PET Plans seeks to convert all outstanding pre-need plans into a professionally managed mutual fund.
[DatePublished] => 2006-07-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 344097
[Title] => PET Plans assures planholders on conversion into a mutual fund
[Summary] => PET Plans Inc., a pre-need firm controlled by the Ocampo family, has assured planholders that it has enough liquidity to cover the next five years and has sufficient assets that can be disposed to generate more cash.
In a briefing with reporters, PET Plans president and chief executive officer Lorenzo Ocampo said the company has over P2.7 billion in trust funds, P1.2 billion of which is cash or near cash equivalents as compared to an estimated P700 million in availments over the next five years.
[DatePublished] => 2006-06-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 245136
[Title] => PET Plans lines up more products
[Summary] => Following the successful launch of its dollar-denominated pension plan, leading Filipino-owned pre-need firm PET Plans Inc. has lined up three new products aimed at further boosting its profitability and meeting the changing needs of its planholders.
PET Plans president Lorenzo Ocampo said the company will launch this year its PET Education Plan, PET Life Plan and PET Pension Plan packages.
Ocampo said the introduction of these new products is in line with the company’s bullish outlook on the pre-need industry.
[DatePublished] => 2004-04-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 244676
[Title] => PET Plans sees 50% jump in sales this year
[Summary] => PET Plans Inc., an all-Filipino pre-need company, is eyeing P2 billion in gross sales this year or a 50-percent increase from the previous level, according to its company chairman Adrian Ocampo.
PET Plans president Lorenzo Ocampo said the company is expected to perform better this year than last year on the back of higher sales.
In 2003, the company registered a 23- percent growth in sales.
"Sales are picking up. This is the first time in four years that we’ll be profitable. This year will definitely be a good one for us," he said.
[DatePublished] => 2004-03-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 200364
[Title] => PET Plans projects 30% growth in new businesses
[Summary] => Banking on its aggressive marketing strategy and improved distribution network, pension plan issuer PET Plans Inc. projects a 30-percent growth in new businesses this year.
During the unveiling of the company’s ISO 9001 certificate last Monday night, PET Plans executive vice-president Lorenzo Ocampo said: "We intend to do better this year than last year because of improved business conditions and a larger distribution network."
Ocampo said PET Plans has 133 branches nationwide.
[DatePublished] => 2003-03-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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