Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 395378
                    [Title] => Insurance regulators set to sign info exchange deal
                    [Summary] => 





The use of insurance products for money laundering would become more difficult as officials said insurance regulators are about to sign an agreement that would facilitate information exchange between countries.


Insurance Commissioner (IC) Evangeline Escobillo told reporters that although banking-related information was already being shared by countries through their respective financial intelligence units (FIUs), there was a need for a different level of exchange for insurance products.


                    [DatePublished] => 2007-04-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 367432
                    [Title] => IC defers higher capital requirement for insurance firms
                    [Summary] => 



The Insurance Commission (IC) has agreed to suspend its requirement for insurance companies to increase their capitalization on the condition that the industry as a whole could meet certain requirements.


IC commissioner Evangeline Escobillo told reporters yesterday that they are in negotiations with insurance industry leaders to determine the conditions where the required capital increase could be suspended.


                    [DatePublished] => 2006-11-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 357500
                    [Title] => GSIS may provide  CTPL insurance coverage, says IC
                    [Summary] => 



The Insurance Commission (IC) said the Government Service Insurance System (GSIS) may provide compulsory third party liability (CTPL) insurance of private vehicles provided that a level playing field is in place and that the public is adequately protected.


                    [DatePublished] => 2006-09-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 355552
                    [Title] => Gov’t to work for lower taxes on insurance products
                    [Summary] => The Arroyo administration will ask Congress to consider lowering the taxes on insurance products to align them with other investment instruments and neutralize what officials called "discrepancies" in the tax structure.


The Insurance Commission (IC) reported yesterday that the Capital Market Development Council (CMDC) has concluded its discussions on restructuring the tax framework for insurance products and a draft bill was already being prepared.


                    [DatePublished] => 2006-08-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 310874
                    [Title] => IC sets January deadline for capital build-up, CTPL
                    [Summary] => The Insurance Commission (IC) is pushing for the implementation of a new capital build-up program that is risk-based rather than outright capital hike. 


The IC also wants to put into place early next year the entire system including electronic for the issuance of the comprehensive third-party liability (CTPL). 


In fact, the Department of Finance (DOF) virtually slammed the plans of the Government Service and Insurance System (GSIS) to compete with the private sector on the issuance of the CTPL.


                    [DatePublished] => 2005-12-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 304070
                    [Title] => RP’s 2 reinsurance firms merge into 1 entity
                    [Summary] => 



The merger between the National Reinsurance Corporation of the Philippines (National Re) and Universal Malayan Reinsurance Corp. (UMRe) will result in a single reinsurance company in the country.


Based on application papers filed with the Securities and Exchange Commission (SEC), the merger will make National Re the surviving entity.


A reinsurance company assists life and non-life insurance companies raise or ensure sources of funds for future claims. 


                    [DatePublished] => 2005-10-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 302752
                    [Title] => Bird flu over the cuckoo’s nest
                    [Summary] => Authorities are watching several places in the country including the 32,000-hectare Candaba swamp in Pampanga as a possible breeding ground for the dreaded bird flu virus. The Candaba swamp is a bird sanctuary where thousands of birds particularly from China migrate to escape the cold winter months. Migratory birds carrying the bird flu virus could infect chicken and other poultry in other provinces near Pampanga, and could pose a threat to the poultry industry in the country.
                    [DatePublished] => 2005-10-20 00:00:00
                    [ColumnID] => 135728
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 300595
                    [Title] => Pre-need group opposes appointment of Escobillo
                    [Summary] => With the imminent transfer of jurisdiction over pre-need plans from the Securities and Exchange Commission (SEC) to the Insurance Commission (IC), the Philippine Federation of Preneed Plan Companies opposed yesterday the appointment of Evangeline Escobillo as the new head of the IC.


                    [DatePublished] => 2005-10-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 101413
                    [Title] => Anchor Savings Bank on lookout for small bank
                    [Summary] => 

Anchor Savings Bank (ASB), owned by the Knights of Columbus, is exploring the
possibility of acquiring small rural or thrift banks located in Metro Manila,
ASB president Evangeline Escobillo said over the weekend.

"We have plans of buying small banks.
                    [DatePublished] => 2000-01-23 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

EVANGELINE ESCOBILLO

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 395378
                    [Title] => Insurance regulators set to sign info exchange deal
                    [Summary] => 





The use of insurance products for money laundering would become more difficult as officials said insurance regulators are about to sign an agreement that would facilitate information exchange between countries.


Insurance Commissioner (IC) Evangeline Escobillo told reporters that although banking-related information was already being shared by countries through their respective financial intelligence units (FIUs), there was a need for a different level of exchange for insurance products.


                    [DatePublished] => 2007-04-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 367432
                    [Title] => IC defers higher capital requirement for insurance firms
                    [Summary] => 



The Insurance Commission (IC) has agreed to suspend its requirement for insurance companies to increase their capitalization on the condition that the industry as a whole could meet certain requirements.


IC commissioner Evangeline Escobillo told reporters yesterday that they are in negotiations with insurance industry leaders to determine the conditions where the required capital increase could be suspended.


                    [DatePublished] => 2006-11-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 357500
                    [Title] => GSIS may provide  CTPL insurance coverage, says IC
                    [Summary] => 



The Insurance Commission (IC) said the Government Service Insurance System (GSIS) may provide compulsory third party liability (CTPL) insurance of private vehicles provided that a level playing field is in place and that the public is adequately protected.


                    [DatePublished] => 2006-09-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 355552
                    [Title] => Gov’t to work for lower taxes on insurance products
                    [Summary] => The Arroyo administration will ask Congress to consider lowering the taxes on insurance products to align them with other investment instruments and neutralize what officials called "discrepancies" in the tax structure.


The Insurance Commission (IC) reported yesterday that the Capital Market Development Council (CMDC) has concluded its discussions on restructuring the tax framework for insurance products and a draft bill was already being prepared.


                    [DatePublished] => 2006-08-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 310874
                    [Title] => IC sets January deadline for capital build-up, CTPL
                    [Summary] => The Insurance Commission (IC) is pushing for the implementation of a new capital build-up program that is risk-based rather than outright capital hike. 


The IC also wants to put into place early next year the entire system including electronic for the issuance of the comprehensive third-party liability (CTPL). 


In fact, the Department of Finance (DOF) virtually slammed the plans of the Government Service and Insurance System (GSIS) to compete with the private sector on the issuance of the CTPL.


                    [DatePublished] => 2005-12-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 304070
                    [Title] => RP’s 2 reinsurance firms merge into 1 entity
                    [Summary] => 



The merger between the National Reinsurance Corporation of the Philippines (National Re) and Universal Malayan Reinsurance Corp. (UMRe) will result in a single reinsurance company in the country.


Based on application papers filed with the Securities and Exchange Commission (SEC), the merger will make National Re the surviving entity.


A reinsurance company assists life and non-life insurance companies raise or ensure sources of funds for future claims. 


                    [DatePublished] => 2005-10-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 302752
                    [Title] => Bird flu over the cuckoo’s nest
                    [Summary] => Authorities are watching several places in the country including the 32,000-hectare Candaba swamp in Pampanga as a possible breeding ground for the dreaded bird flu virus. The Candaba swamp is a bird sanctuary where thousands of birds particularly from China migrate to escape the cold winter months. Migratory birds carrying the bird flu virus could infect chicken and other poultry in other provinces near Pampanga, and could pose a threat to the poultry industry in the country.
                    [DatePublished] => 2005-10-20 00:00:00
                    [ColumnID] => 135728
                    [Focus] => 0
                    [AuthorID] => 1730160
                    [AuthorName] => S.A. Maguire
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 300595
                    [Title] => Pre-need group opposes appointment of Escobillo
                    [Summary] => With the imminent transfer of jurisdiction over pre-need plans from the Securities and Exchange Commission (SEC) to the Insurance Commission (IC), the Philippine Federation of Preneed Plan Companies opposed yesterday the appointment of Evangeline Escobillo as the new head of the IC.


                    [DatePublished] => 2005-10-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 101413
                    [Title] => Anchor Savings Bank on lookout for small bank
                    [Summary] => 

Anchor Savings Bank (ASB), owned by the Knights of Columbus, is exploring the
possibility of acquiring small rural or thrift banks located in Metro Manila,
ASB president Evangeline Escobillo said over the weekend.

"We have plans of buying small banks.
                    [DatePublished] => 2000-01-23 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest