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                    [Title] => Wellex Mining in talks with 2 Chinese firms
                    [Summary] => Wellex Mining, a unit of the Gatchalian-owned Wellex Group Inc., is in talks with two Chinese companies to jointly develop ...
                    [DatePublished] => 2008-10-21 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [Title] => BDO seeks Sandigan help on P1.1-B Velarde account
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Who should get the P1.1 billion in the Jose Velarde account?

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                    [Title] => Gatchalian insurance firm under state of liquidation
                    [Summary] => TICO Insurance Co. Inc. formerly known as Tabacalera Insurance Co., is now under a state of liquidation after more than a year under  a conservator. The Wellex Group Inc. of plastic king William Gatechalian reportedly controls TICO.


In November 2000, the Insurance Commission (IC) issued a cease-and-desist order (CDO) on TICO after it failed to cover up its capital impairment and margin of solvency of 46.9-million as well as failing to report its financial status in 2002. The CDO disallows the non-life insurance company from selling new policies.


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WELLEX GROUP INC

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Who should get the P1.1 billion in the Jose Velarde account?

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                    [Title] => Gatchalian insurance firm under state of liquidation
                    [Summary] => TICO Insurance Co. Inc. formerly known as Tabacalera Insurance Co., is now under a state of liquidation after more than a year under  a conservator. The Wellex Group Inc. of plastic king William Gatechalian reportedly controls TICO.


In November 2000, the Insurance Commission (IC) issued a cease-and-desist order (CDO) on TICO after it failed to cover up its capital impairment and margin of solvency of 46.9-million as well as failing to report its financial status in 2002. The CDO disallows the non-life insurance company from selling new policies.


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abtest

Wellex Mining in talks with 2 Chinese firms

By Zinnia B. Dela Peña | October 21, 2008 - 12:00am

Wellex Mining, a unit of the Gatchalian-owned Wellex Group Inc., is in talks with two Chinese companies to jointly develop ...

Business

BDO seeks Sandigan help on P1.1-B Velarde account

April 24, 2008 - 12:00am

Who should get the P1.1 billion in the Jose Velarde account?

Headlines

Gatchalian insurance firm under state of liquidation

By Ted P. Torres | July 16, 2002 - 12:00am

TICO Insurance Co. Inc. formerly known as Tabacalera Insurance Co., is now under a state of liquidation after more than a year under a conservator. The Wellex Group Inc. of plastic king William Gatechalian reportedly...

Banking