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                    [ArticleID] => 286951
                    [Title] => Phil-Asia Care hikes capital to P150 M
                    [Summary] => Phil-Asia Care Plans Inc. is raising its capital to P150 million from only P3 million as it eyes a comeback in the local pre-need industry.


An SEC official said Phil-Asia is planning to revive its business as a way to legitimize its solicitation activities. 


Phil-Asia came under fire from securities regulators for selling non-existent pre-need plans.


                    [DatePublished] => 2005-07-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 271901
                    [Title] => SEC warns public vs dealing with Phil-Asia Care
                    [Summary] => The Securities and Exchange Commission (SEC)  has warned thepublic anew against dealing with Phil-Asia Care Plans Inc., a pre-need firm that ceased operations due to illegal sale of securities, following reports that the company continues to solicit investments despite the permanent cease-and-desist order (CDO) issued by the SEC.


The SEC has received complaints from several investors located in the provinces that they had been duped into buying non-existent pre-need plans.  The agency’s compliance and enforcement department is now looking into the case.


                    [DatePublished] => 2005-03-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 222179
                    [Title] => SEC renews warning vs Phil-Asia Care
                    [Summary] => The Securities and Exchange Commission (SEC) has warned investors anew against investing in unlicensed pre-need firm Phil-Asia Care Plans Inc.


The warning was issued by the SEC following reports that the company allegedly continues to illegally solicit investments from the public.


The SEC pointed out that the order issued by the Eighth Division of the Court of Appeals allows the  reopening of Phil-Asia’s principal office and the resumption of its business activities only if it has complied with the SEC requirement on the transfer of its principal office."


                    [DatePublished] => 2003-09-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                (
                    [ArticleID] => 189752
                    [Title] => SEC files raps vs Phil-Asia Care execs
                    [Summary] => The Securities and Exchange Commission has filed before the Makati Fiscal’s office a criminal complaint against the incorporator-directors and officers of unlicensed pre-need firm Phil-Asia Care Plans Inc.


Tomas Syquia, head of the SEC’s Compliance and Surveillance department, said among those who were named as respondents to the case were Phil-Asia president Vicente Afulgencia and other officers of the company.


The filing of the criminal complaint is in line with the SEC’s thrust to rid the pre-need industry of unscrupulous agents and corporations.


                    [DatePublished] => 2002-12-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 176449
                    [Title] => SEC orders closure of Phil-Asia Care Plans
                    [Summary] => The Securities and Exchange Commission has ordered the immediate closure of all offices of Phil-Asia Care Plans Inc. to further safeguard the interests of the investing public.


The directive was contained in an order signed by the Commission en banc on Sept. 3, making the cease-and-desist order earlier issued against Phil-Asia permanent.


The CDO was issued by the SEC on the basis of findings that Phil-Asia has been selling pre-need plans to the public without the necessary license.


                    [DatePublished] => 2002-09-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 163830
                    [Title] => SEC issues cease-desist order vs pre-need firm
                    [Summary] => The Securities and Exchange Commission (SEC) has issued a cease-and-desist order (CDO) against Phil-Asia Care Plans Inc. for the unathorized selling of pre-need plans.


The SEC said that while Phil-Asia is a registered pre-need company, it has no more plans available for sale since 1993; no dealer’s license since 1996; no salesmen’s permit; and no authority to operate a branch.


                    [DatePublished] => 2002-06-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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PHIL-ASIA CARE PLANS INC

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                    [ArticleID] => 286951
                    [Title] => Phil-Asia Care hikes capital to P150 M
                    [Summary] => Phil-Asia Care Plans Inc. is raising its capital to P150 million from only P3 million as it eyes a comeback in the local pre-need industry.


An SEC official said Phil-Asia is planning to revive its business as a way to legitimize its solicitation activities. 


Phil-Asia came under fire from securities regulators for selling non-existent pre-need plans.


                    [DatePublished] => 2005-07-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                (
                    [ArticleID] => 271901
                    [Title] => SEC warns public vs dealing with Phil-Asia Care
                    [Summary] => The Securities and Exchange Commission (SEC)  has warned thepublic anew against dealing with Phil-Asia Care Plans Inc., a pre-need firm that ceased operations due to illegal sale of securities, following reports that the company continues to solicit investments despite the permanent cease-and-desist order (CDO) issued by the SEC.


The SEC has received complaints from several investors located in the provinces that they had been duped into buying non-existent pre-need plans.  The agency’s compliance and enforcement department is now looking into the case.


                    [DatePublished] => 2005-03-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 222179
                    [Title] => SEC renews warning vs Phil-Asia Care
                    [Summary] => The Securities and Exchange Commission (SEC) has warned investors anew against investing in unlicensed pre-need firm Phil-Asia Care Plans Inc.


The warning was issued by the SEC following reports that the company allegedly continues to illegally solicit investments from the public.


The SEC pointed out that the order issued by the Eighth Division of the Court of Appeals allows the  reopening of Phil-Asia’s principal office and the resumption of its business activities only if it has complied with the SEC requirement on the transfer of its principal office."


                    [DatePublished] => 2003-09-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 189752
                    [Title] => SEC files raps vs Phil-Asia Care execs
                    [Summary] => The Securities and Exchange Commission has filed before the Makati Fiscal’s office a criminal complaint against the incorporator-directors and officers of unlicensed pre-need firm Phil-Asia Care Plans Inc.


Tomas Syquia, head of the SEC’s Compliance and Surveillance department, said among those who were named as respondents to the case were Phil-Asia president Vicente Afulgencia and other officers of the company.


The filing of the criminal complaint is in line with the SEC’s thrust to rid the pre-need industry of unscrupulous agents and corporations.


                    [DatePublished] => 2002-12-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
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                    [ArticleID] => 176449
                    [Title] => SEC orders closure of Phil-Asia Care Plans
                    [Summary] => The Securities and Exchange Commission has ordered the immediate closure of all offices of Phil-Asia Care Plans Inc. to further safeguard the interests of the investing public.


The directive was contained in an order signed by the Commission en banc on Sept. 3, making the cease-and-desist order earlier issued against Phil-Asia permanent.


The CDO was issued by the SEC on the basis of findings that Phil-Asia has been selling pre-need plans to the public without the necessary license.


                    [DatePublished] => 2002-09-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 163830
                    [Title] => SEC issues cease-desist order vs pre-need firm
                    [Summary] => The Securities and Exchange Commission (SEC) has issued a cease-and-desist order (CDO) against Phil-Asia Care Plans Inc. for the unathorized selling of pre-need plans.


The SEC said that while Phil-Asia is a registered pre-need company, it has no more plans available for sale since 1993; no dealer’s license since 1996; no salesmen’s permit; and no authority to operate a branch.


                    [DatePublished] => 2002-06-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

Phil-Asia Care hikes capital to P150 M

By Zinnia B. Dela Peña | July 18, 2005 - 12:00am

Phil-Asia Care Plans Inc. is raising its capital to P150 million from only P3 million as it eyes a comeback in the local pre-need industry. An SEC official said Phil-Asia is planning to revive its business as a...

Business

SEC warns public vs dealing with Phil-Asia Care

By Zinnia B. Dela Peña | March 29, 2005 - 12:00am

The Securities and Exchange Commission (SEC) has warned thepublic anew against dealing with Phil-Asia Care Plans Inc., a pre-need firm that ceased operations due to illegal sale of securities, following reports...

Business

SEC renews warning vs Phil-Asia Care

By Zinnia B. Dela Peña | September 27, 2003 - 12:00am

The Securities and Exchange Commission (SEC) has warned investors anew against investing in unlicensed pre-need firm Phil-Asia Care Plans Inc. The warning was issued by the SEC following reports that the company...

Business

SEC files raps vs Phil-Asia Care execs

By Zinnia B. Dela Peña | December 30, 2002 - 12:00am

The Securities and Exchange Commission has filed before the Makati Fiscal’s office a criminal complaint against the incorporator-directors and officers of unlicensed pre-need firm Phil-Asia Care Plans Inc. Tomas...

Business

SEC orders closure of Phil-Asia Care Plans

By Zinnia B. Dela Peña | September 18, 2002 - 12:00am

The Securities and Exchange Commission has ordered the immediate closure of all offices of Phil-Asia Care Plans Inc. to further safeguard the interests of the investing public. The directive was contained in an...

Business

SEC issues cease-desist order vs pre-need firm

By Christina Mendez | June 8, 2002 - 12:00am

The Securities and Exchange Commission (SEC) has issued a cease-and-desist order (CDO) against Phil-Asia Care Plans Inc. for the unathorized selling of pre-need plans. The SEC said that while Phil-Asia is a registered...

Business