AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Pre-need firms see 21% growth in '05.
(From Philippine Daily Inquirer)
Byline: Elizabeth L. Sanchez
OFFICIALS of the pre-need industry are expecting sales to grow by more than 21 percent in 2005, driven by higher investment income from higher interest rates and by tapping new markets in the provinces.
Leaders of the Philippine Federation of Pre-need Plan Companies Inc. (PFPPCI) yesterday said that higher interest rates next year will boost investment income, which account for 20 to 30 percent of the total income.
Officials said that a portion of the pre-need investments are placed in government securities. But they said the bulk of the growth would still come from sales.
"We are more optimistic about 2005," said Jesus Hofile[currency]a, president of Philam Plans, a subsidiary of the American International Group. "The challenges next year (lie) in marketing and identifying areas of opportunity."
Hofile[currency]a said the growth achieved this year has ...
- Insurance body for pre-need firms pushed.
- News wire article from: Asia Africa Intelligence Wire February 8, 2005 700+ words
...Corp. could look into troubled pre-need firms by examining their books. The...pooled from contributions of the pre-need firms. Camarines Sur representative...bill proposing a code governing pre-need firms. He said the SEC should comment...
- PRE-NEED FIRMS MUST COME CLEAN, SAYS PHILIPPINE SENATOR.
- News wire article from: Asia Africa Intelligence Wire April 25, 2005 700+ words
...in line with his previous call for the SEC to require "more disclosure and greater transparency" from pre-need firms. Pre-need firms allow people to invest money to help meet a future financial requirement. "We understand pre-need firms...
- Pre-need firms in talks with IFC, ADB for funding.
- News wire article from: Asia Africa Intelligence Wire May 26, 2003 700+ words
...serve as a fallback mechanism for pre-need firms which may suffer from future...Bautista said the group of pre-need firms is currently in talks with representatives...credit line of last resort for pre-need firms which could provide a more long...
- Unclear rules for watching pre-need firms.
- News wire article from: Asia Africa Intelligence Wire June 1, 2005 700+ words
...action to be taken against erring pre- need firms. The senator concluded that...Mr. Roxas replied that if pre-need firms could not adopt a prudential...should transfer the supervision of pre-need firms to the Insurance Commission...
- Pre-need firms' required capital up.
- Magazine article from: BusinessWorld (Philippines) September 11, 2000 700+ words
...on keeping a closer look over pre-need firms as it is set to issue this week...requirement of P100 million for all pre-need firms. At present, most pre-need...in the value of trust funds of pre-need firms. As ordered by the commission...
- Barring pre-need firms from investing in affiliates backed.
- News wire article from: Asia Africa Intelligence Wire February 14, 2005 700+ words
...proposal that would prohibit pre-need firms from investing in companies with...in Congress which states that pre- need firms should not be allowed to invest...investments in sister companies by pre-need firms would be "difficult to monetize...
- Allow pre-need firms to invest in offshore assets, says ING Bank.
- Magazine article from: BusinessWorld (Philippines) February 9, 2007 700+ words
...Exchange Commission (SEC) to allow pre-need firms to invest in offshore assets...the Philippine Stock Exchange. Pre-need firms are also allowed to invest up...guidelines for the management of pre-need firms' trust funds. The revised trust...
- Pre-need firms get leeway on investments.
- News wire article from: Asia Africa Intelligence Wire December 2, 2003 700+ words
...Commission (SEC) is giving pre-need firms a slight leeway in complying...it is enough for the SEC that pre-need firms with above-level real estate...comply with the 25% cap is for pre-need firms to convert their real properties...
- SEC studies pre-need firms' bid to change reserves computation.
- News wire article from: Asia Africa Intelligence Wire July 30, 2004 700+ words
...present value. To ensure that pre-need firms could meet future obligations...less than their assumed yield, pre-need firms are required to use the actual...proposal, the federation of pre-need firms sought to be allowed to use their...
- Pre-need firms get reprieve.
- Magazine article from: BusinessWorld (Philippines) January 16, 2009 700+ words
...has relaxed its rules to allow pre-need firms to rebuild their capital and...SEC outlined the ways by which pre-need firms can boost their capital and trust...interpretation," he said. Pre-need firms had written the regulator twice...