^
+ Follow FRANCISCO BORROMEO Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 281575
                    [Title] => PSE ordered to preserve  assets of Asian Capital
                    [Summary] => The Securities and Exchange Commission (SEC) has directed the Philippine Stock Exchange (PSE) to continue preserving the remainder of Asian Capital Equities Inc.’s (ACE) assets that are not covered by distribution to clients.


The SEC has also directed the PSE to include in the distribution to ACE clients all shares lodged in the Philippine Depository & Trust Corp. under the broker firm’s client accounts.
[DatePublished] => 2005-06-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 255599 [Title] => Asian Capital clients to get back investments soon [Summary] => Clients of Asian Capital Equities Inc. (ACE) will soon get back investments placed with the debt-strapped broker firm following the approval by the Securities and Exchange Commission (SEC) of the bourse’s validation and settlement of claim procedures.

The SEC has directed the PSE to effect the distribution to ACE’s clients securities or cash not later than June 30.
[DatePublished] => 2004-06-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 249224 [Title] => Asian Capital investors to recover only 20% of investments, says SEC official [Summary] => Investors of Asian Capital Equities Inc. (ACE) will likely recover only 20 percent of their total investments placed with the debt-strapped brokerage house, according to an official of the Securities and Exchange Commission (SEC).

Jose P. Aquino, head of the SEC’s Markets Regulation Department, said ACE’s assets and cash might not be sufficient to cover all the broker-firm’s debts and payables to investors.

As of Feb. 27, 2004, total claims filed against ACE amounted to P95.2 million.
[DatePublished] => 2004-05-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 249238 [Title] => Sophisticated pyramiding [Summary] => By next month, the cost per kilo of feeding a pig or chicken would be higher than the cost per kilo of feeding a Filipino.

Here’s why. On the one hand, the price of barely edible rice is expected to remain steady at between P12 and P14. On the other hand, the price of feeds – a mixture of stuff including corn meal – is expected to hit between P18 and P20 a kilo because whatever supply there will be in June will be significantly less than demand.
[DatePublished] => 2004-05-08 00:00:00 [ColumnID] => 135040 [Focus] => 0 [AuthorID] => 1488513 [AuthorName] => Margaret Jao-Grey  [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 249101 [Title] => SEC files criminal raps vs Asian Capital exec [Summary] => After a five month-long probe, the Securities and Exchange Commission (SEC) filed before the Department of Justice yesterday a criminal complaint against Asian Capital Equities Inc. (ACE) president Francisco Borromeo for violation of several provisions of the Securities Regulation Code.

In its complaint, the SEC accused Borromeo, a former governor of the Philippine Stock Exchange, of engaging in fraudulent activities to the detriment of ACE investors.
[DatePublished] => 2004-05-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
FRANCISCO BORROMEO
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 281575
                    [Title] => PSE ordered to preserve  assets of Asian Capital
                    [Summary] => The Securities and Exchange Commission (SEC) has directed the Philippine Stock Exchange (PSE) to continue preserving the remainder of Asian Capital Equities Inc.’s (ACE) assets that are not covered by distribution to clients.


The SEC has also directed the PSE to include in the distribution to ACE clients all shares lodged in the Philippine Depository & Trust Corp. under the broker firm’s client accounts.
[DatePublished] => 2005-06-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 255599 [Title] => Asian Capital clients to get back investments soon [Summary] => Clients of Asian Capital Equities Inc. (ACE) will soon get back investments placed with the debt-strapped broker firm following the approval by the Securities and Exchange Commission (SEC) of the bourse’s validation and settlement of claim procedures.

The SEC has directed the PSE to effect the distribution to ACE’s clients securities or cash not later than June 30.
[DatePublished] => 2004-06-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 249224 [Title] => Asian Capital investors to recover only 20% of investments, says SEC official [Summary] => Investors of Asian Capital Equities Inc. (ACE) will likely recover only 20 percent of their total investments placed with the debt-strapped brokerage house, according to an official of the Securities and Exchange Commission (SEC).

Jose P. Aquino, head of the SEC’s Markets Regulation Department, said ACE’s assets and cash might not be sufficient to cover all the broker-firm’s debts and payables to investors.

As of Feb. 27, 2004, total claims filed against ACE amounted to P95.2 million.
[DatePublished] => 2004-05-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 249238 [Title] => Sophisticated pyramiding [Summary] => By next month, the cost per kilo of feeding a pig or chicken would be higher than the cost per kilo of feeding a Filipino.

Here’s why. On the one hand, the price of barely edible rice is expected to remain steady at between P12 and P14. On the other hand, the price of feeds – a mixture of stuff including corn meal – is expected to hit between P18 and P20 a kilo because whatever supply there will be in June will be significantly less than demand.
[DatePublished] => 2004-05-08 00:00:00 [ColumnID] => 135040 [Focus] => 0 [AuthorID] => 1488513 [AuthorName] => Margaret Jao-Grey  [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 249101 [Title] => SEC files criminal raps vs Asian Capital exec [Summary] => After a five month-long probe, the Securities and Exchange Commission (SEC) filed before the Department of Justice yesterday a criminal complaint against Asian Capital Equities Inc. (ACE) president Francisco Borromeo for violation of several provisions of the Securities Regulation Code.

In its complaint, the SEC accused Borromeo, a former governor of the Philippine Stock Exchange, of engaging in fraudulent activities to the detriment of ACE investors.
[DatePublished] => 2004-05-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with