Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 248597
                    [Title] => SEC approves guarantee facility for pre-need companies
                    [Summary] => The Securities and Exchange Commission (SEC) has approved the Philippine Federation of Pre-need Plan Companies Inc.’s proposal to issue an insurance bond that can be tapped by its members to cover any trust fund deficiencies.


                    [DatePublished] => 2004-05-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 247153
                    [Title] => SEC drafting guidelines  on pre-need advertising
                    [Summary] => The Securities and Exchange Commission (SEC) is drafting advertising guidelines for pre-need companies to ensure the delivery of services promised to their clients.


Emil Aquino, head of the SEC’s Non-Traditional Securities Department, said the guidelines are intended to ensure that pre-need plan firms have a common rule of action compatible with the aims and purposes for which the pre-need industry has signified to achieve.


Aquino said the guidelines will be out by the first week of May this year.


                    [DatePublished] => 2004-04-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 229542
                    [Title] => SEC dangles Asian Diamond Plans as acquisition target for pre-need firms
                    [Summary] => The Securities and Exchange Commission (SEC) is encouraging pre-need firms with plans to further expand operations to consider the buy-out of cash-strapped Asian Diamond Plans Inc.


Emil Aquino, head of the SEC’s Non-Traditional Securities Department, said he would sit down with members of the Federation of Pre-need Plan Companies Inc. next week to discuss the possibility of  taking over the operations of Asian Diamond, which has been hard pressed to meet the SEC’s minimum paid-up capital requirement.


                    [DatePublished] => 2003-11-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 220086
                    [Title] => SEC reimposes moratorium on new pre-need companies
                    [Summary] => The Securities and Exchange Commission (SEC) has reimposed a moratorium on the establishment of new pre-need companies unless the new firm will take over the operations of an existing pre-need company.


Emil Aquino, head of the SEC’s Non-Traditional Securities Department, said the moratorium does not apply to companies that will acquire the shares and/or the assets and liabilities of existing pre-need companies.


                    [DatePublished] => 2003-09-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 209022
                    [Title] => Sales of pre-need firms down 22% in Jan-April
                    [Summary] => Sales of pre-need companies tumbled by 22.3 percent in the first four months of the year as the investing public continued to wait for more favorable developments before taking any new plans.


Data collated by the Securities and Exchange Commission showed that total sales of the pre-need industry declined to P10.59 billion from P13.63 billion the previous level. The number of units sold likewise went down to 180,747 or 14.72 percent lower than the previous year’s 211,957.


                    [DatePublished] => 2003-06-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 175316
                    [Title] => Chinese firm taking control of Primeplan
                    [Summary] => A Chinese firm is taking control of pre-need company Primeplan International Corp. through the infusion of fresh capital to cover the local company’s paid-up capital deficiency.


Emil Aquino, head of the non-traditional department of the Securities and Exchange Commission, said Chinese firm Brighsun will inject the badly-needed capital to enable Primeplan to meet the minimum paid-up capital requirement of P50 million.


Primeplan was given until the end of August to settle its P14.8-million capital deficiency or it faces suspension of its license.


                    [DatePublished] => 2002-09-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 173142
                    [Title] => Pre-need sector not an Enron, says SEC
                    [Summary] => The Securities and Exchange Commission (SEC) and pre-need industry members have refuted reports which named 18 companies as not having complied with SEC accounting regulations, and comparing the industry to American power firm Enron.


                    [DatePublished] => 2002-08-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 170605
                    [Title] => CAP acts to shore up liquidity position
                    [Summary] => Demonstrating a firm resolve to strengthen its liquidity position, pre-need industry leader College Assurance Plan (CAP) has deposited P100 million in fresh capital and P36.9 million worth of real estate properties to its trust fund.


The infusion of additional capital and assets in the trust fund is part of CAP’s efforts to cover its trust fund deficiency of P2.596 billion and reassure its planholders that it can meet all maturing obligations.


                    [DatePublished] => 2002-08-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

EMIL AQUINO

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 248597
                    [Title] => SEC approves guarantee facility for pre-need companies
                    [Summary] => The Securities and Exchange Commission (SEC) has approved the Philippine Federation of Pre-need Plan Companies Inc.’s proposal to issue an insurance bond that can be tapped by its members to cover any trust fund deficiencies.


                    [DatePublished] => 2004-05-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 247153
                    [Title] => SEC drafting guidelines  on pre-need advertising
                    [Summary] => The Securities and Exchange Commission (SEC) is drafting advertising guidelines for pre-need companies to ensure the delivery of services promised to their clients.


Emil Aquino, head of the SEC’s Non-Traditional Securities Department, said the guidelines are intended to ensure that pre-need plan firms have a common rule of action compatible with the aims and purposes for which the pre-need industry has signified to achieve.


Aquino said the guidelines will be out by the first week of May this year.


                    [DatePublished] => 2004-04-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 229542
                    [Title] => SEC dangles Asian Diamond Plans as acquisition target for pre-need firms
                    [Summary] => The Securities and Exchange Commission (SEC) is encouraging pre-need firms with plans to further expand operations to consider the buy-out of cash-strapped Asian Diamond Plans Inc.


Emil Aquino, head of the SEC’s Non-Traditional Securities Department, said he would sit down with members of the Federation of Pre-need Plan Companies Inc. next week to discuss the possibility of  taking over the operations of Asian Diamond, which has been hard pressed to meet the SEC’s minimum paid-up capital requirement.


                    [DatePublished] => 2003-11-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 220086
                    [Title] => SEC reimposes moratorium on new pre-need companies
                    [Summary] => The Securities and Exchange Commission (SEC) has reimposed a moratorium on the establishment of new pre-need companies unless the new firm will take over the operations of an existing pre-need company.


Emil Aquino, head of the SEC’s Non-Traditional Securities Department, said the moratorium does not apply to companies that will acquire the shares and/or the assets and liabilities of existing pre-need companies.


                    [DatePublished] => 2003-09-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 209022
                    [Title] => Sales of pre-need firms down 22% in Jan-April
                    [Summary] => Sales of pre-need companies tumbled by 22.3 percent in the first four months of the year as the investing public continued to wait for more favorable developments before taking any new plans.


Data collated by the Securities and Exchange Commission showed that total sales of the pre-need industry declined to P10.59 billion from P13.63 billion the previous level. The number of units sold likewise went down to 180,747 or 14.72 percent lower than the previous year’s 211,957.


                    [DatePublished] => 2003-06-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 175316
                    [Title] => Chinese firm taking control of Primeplan
                    [Summary] => A Chinese firm is taking control of pre-need company Primeplan International Corp. through the infusion of fresh capital to cover the local company’s paid-up capital deficiency.


Emil Aquino, head of the non-traditional department of the Securities and Exchange Commission, said Chinese firm Brighsun will inject the badly-needed capital to enable Primeplan to meet the minimum paid-up capital requirement of P50 million.


Primeplan was given until the end of August to settle its P14.8-million capital deficiency or it faces suspension of its license.


                    [DatePublished] => 2002-09-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 173142
                    [Title] => Pre-need sector not an Enron, says SEC
                    [Summary] => The Securities and Exchange Commission (SEC) and pre-need industry members have refuted reports which named 18 companies as not having complied with SEC accounting regulations, and comparing the industry to American power firm Enron.


                    [DatePublished] => 2002-08-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 170605
                    [Title] => CAP acts to shore up liquidity position
                    [Summary] => Demonstrating a firm resolve to strengthen its liquidity position, pre-need industry leader College Assurance Plan (CAP) has deposited P100 million in fresh capital and P36.9 million worth of real estate properties to its trust fund.


The infusion of additional capital and assets in the trust fund is part of CAP’s efforts to cover its trust fund deficiency of P2.596 billion and reassure its planholders that it can meet all maturing obligations.


                    [DatePublished] => 2002-08-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest