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                    [ArticleID] => 812375
                    [Title] => Loyola Plans submits bid to take over Prudential Plans' pre-need business
                    [Summary] => 
 Loyola Plans Consolidated Inc. has submitted a bid to take over the pre-need business of Prudential Plans Inc.
                    [DatePublished] => 2012-06-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
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                    [ArticleID] => 207774
                    [Title] => Philam Plans sets ambitious targets
                    [Summary] => Philam Plans Inc., the pre-need company of financial giant Philippine American Life and General Insurance Co., is looking to be the first pre-need company to breach the P10-billion mark in terms of pre-need price (PNP) levels by end 2003 or early 2004.


As of end 2002, its PNP stood at P8.1 billion selling a total of 75,980 plans (more than half a million plan holders) since the start of operations in 1989.


If it is any strong indicator, Philam Plans‚ initial first quarter sales grew by a whooping 26 percent.


                    [DatePublished] => 2003-05-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

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                    [ArticleID] => 203786
                    [Title] => BIR eases  VAT collection on financial deals
                    [Summary] => Recognizing the difficulty of collecting the controversial 10-percent value-added tax on financial transactions and considering that there is pending petition for a court injunction, the Bureau of Internal Revenue (BIR) has somewhat relaxed the collection of the tax.


Per Revenue Memorandum Circular 19-2003 which was signed April 24 by Internal Revenue Commissioner Guillermo L. Parayno Jr., "any under-payment or over-payment resulting from said issues shall be paid for or credited to future VAT percentage tax payments or dues, without any penalty or surcharge."


                    [DatePublished] => 2003-04-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 203572
                    [Title] => Prudential Plans suffers income drop  due to eco slowdown, new SEC rules
                    [Summary] => Prudential Plans Inc. expects its earnings to  decline in 2002 from  P250 million in 2001, due in part to  a slowdown in the economy and new Securities and Exchange Commission (SEC) regulations which include a sharp increase in capitalization and trust funds.


"On the interim, we are looking at a conservative net income in the vicinity of P150 million," Prudential Plan president  Jose Alberto T. Alba  said yesterday.


Prudential Plans, however, managed to increase its sales for the first two months of the year.


                    [DatePublished] => 2003-04-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 202896
                    [Title] => Prudential Plans grabs lead
                    [Summary] => Prudential Plans Inc. has taken the overall leadership in the country’s pre-need industry, accounting for a market share of almost 20 percent in the first two months this year.


Based on preliminary data from the Securities and Exchange Commission (SEC), Prudential Plans breached the P1-billion mark with consolidated sales of P1.23 billion for January and February 2003.


As of end 2002, Philam Plans Inc. was the overall leader with P8.1 billion in pre-need price (PNP).


                    [DatePublished] => 2003-04-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

PRUDENTIAL PLANS

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    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 812375
                    [Title] => Loyola Plans submits bid to take over Prudential Plans' pre-need business
                    [Summary] => 
 Loyola Plans Consolidated Inc. has submitted a bid to take over the pre-need business of Prudential Plans Inc.
                    [DatePublished] => 2012-06-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 207774
                    [Title] => Philam Plans sets ambitious targets
                    [Summary] => Philam Plans Inc., the pre-need company of financial giant Philippine American Life and General Insurance Co., is looking to be the first pre-need company to breach the P10-billion mark in terms of pre-need price (PNP) levels by end 2003 or early 2004.


As of end 2002, its PNP stood at P8.1 billion selling a total of 75,980 plans (more than half a million plan holders) since the start of operations in 1989.


If it is any strong indicator, Philam Plans‚ initial first quarter sales grew by a whooping 26 percent.


                    [DatePublished] => 2003-05-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 203786
                    [Title] => BIR eases  VAT collection on financial deals
                    [Summary] => Recognizing the difficulty of collecting the controversial 10-percent value-added tax on financial transactions and considering that there is pending petition for a court injunction, the Bureau of Internal Revenue (BIR) has somewhat relaxed the collection of the tax.


Per Revenue Memorandum Circular 19-2003 which was signed April 24 by Internal Revenue Commissioner Guillermo L. Parayno Jr., "any under-payment or over-payment resulting from said issues shall be paid for or credited to future VAT percentage tax payments or dues, without any penalty or surcharge."


                    [DatePublished] => 2003-04-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 203572
                    [Title] => Prudential Plans suffers income drop  due to eco slowdown, new SEC rules
                    [Summary] => Prudential Plans Inc. expects its earnings to  decline in 2002 from  P250 million in 2001, due in part to  a slowdown in the economy and new Securities and Exchange Commission (SEC) regulations which include a sharp increase in capitalization and trust funds.


"On the interim, we are looking at a conservative net income in the vicinity of P150 million," Prudential Plan president  Jose Alberto T. Alba  said yesterday.


Prudential Plans, however, managed to increase its sales for the first two months of the year.


                    [DatePublished] => 2003-04-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 202896
                    [Title] => Prudential Plans grabs lead
                    [Summary] => Prudential Plans Inc. has taken the overall leadership in the country’s pre-need industry, accounting for a market share of almost 20 percent in the first two months this year.


Based on preliminary data from the Securities and Exchange Commission (SEC), Prudential Plans breached the P1-billion mark with consolidated sales of P1.23 billion for January and February 2003.


As of end 2002, Philam Plans Inc. was the overall leader with P8.1 billion in pre-need price (PNP).


                    [DatePublished] => 2003-04-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Loyola Plans submits bid to take over Prudential Plans' pre-need business

By Ted P. Torres | June 1, 2012 - 12:00am

 Loyola Plans Consolidated Inc. has submitted a bid to take over the pre-need business of Prudential Plans Inc.

Business

Philam Plans sets ambitious targets

May 27, 2003 - 12:00am

Philam Plans Inc., the pre-need company of financial giant Philippine American Life and General Insurance Co., is looking to be the first pre-need company to breach the P10-billion mark in terms of pre-need price...

Banking

BIR eases VAT collection on financial deals

By Ted P. Torres | April 26, 2003 - 12:00am

Recognizing the difficulty of collecting the controversial 10-percent value-added tax on financial transactions and considering that there is pending petition for a court injunction, the Bureau of Internal Revenue...

Business

Prudential Plans suffers income drop due to eco slowdown, new SEC rules

By Ted P. Torres | April 24, 2003 - 12:00am

Prudential Plans Inc. expects its earnings to decline in 2002 from P250 million in 2001, due in part to a slowdown in the economy and new Securities and Exchange Commission (SEC) regulations which include a sharp...

Business

Prudential Plans grabs lead

By Ted P. Torres | April 16, 2003 - 12:00am

Prudential Plans Inc. has taken the overall leadership in the country’s pre-need industry, accounting for a market share of almost 20 percent in the first two months this year. Based on preliminary data from...

Business