Saturday, April 23, 2005

Open Letter to Ambassador A.Yuchengco Posted by Hello

Please help the cause. Save this image and print it out and fax it your friends, companies, embassies, newspapers, magazines, international media.

59 Comments:

At Sunday, April 24, 2005 12:23:00 AM, Anonymous Anonymous said...

send the letter to other members of the yuchengco family such as vivian yuchengco locsin, yvonne yuchengco.

Cocktales wrote that Amb Yuchengco just underwent a quintiple heart bypass. So he is probably in no shape to read any letters.

 
At Sunday, April 24, 2005 1:29:00 AM, Anonymous Anonymous said...

What happened to College Assurance Plan (CAP) and then to Pacific Plans Inc. of the Yuchengco Group of Companies brings to fore basic questions: Is the Securities and Exchange Commission truly doing its job in monitoring and supervising the preneed industry? If it were, why are CAP and PPI having all these problems about tuition and fees?

The only conclusion we could have why CAP’s educational planholders could not recover fully their payments for tuition fees for this coming schoolyear is that the SEC was remiss. And this has been validated by Pacific Plans seeking suspension of payments and rehabilitation from the courts of payments to planholders.

While we can credit PPI’s management for taking timely and decisive measures to defuse a potentially damaging situation that threatened to cast a shadow on all the affiliates of the Yuchengco Group of Companies earned by former Ambassador Alfonso Yuchengco through the years, the debacle of CAP and now PPI can only underline that something is wrong with the preneed industry and with the SEC in its monitoring and supervision of the industry.

At issue here is actually the open-ended educational plan, which has bugged the preneed industry, a Filipino invention. While some companies tended to walk gingerly around the issue, what PPI did was to come forwarded and accept that there is a problem that must be faced squarely.

Shortly after PPI filed for a rehabilitation plan with the Makati Regional Trial Court, rumor mills started grinding out speculative stories that tended to give the impression that PPI and its affiliates in the YGC were “cash-strapped,” thereby threatening to undermine the sense of security not only of PPI planholders. But, PPI decided to take the bull by the horn.

It filed a petition for rehabilitation with the Makati RTC, proposing to swap open-ended education plans, with fixed-value plans which give a return of 7 percent compounded annually for five-and-a-half years (from Jan. 1 to July 31, 2010), and which will mature in July 2010, when the government-guaranteed bonds that secure it will mature. This should quiet down some rumors and speculations about the planholders’ confidence and security about AIC, and more importantly PPI.

 
At Sunday, April 24, 2005 3:21:00 AM, Anonymous Anonymous said...

who is this guy??!! and whose side is he on?!

At issue here is the contractual obligation of the Yuchengcos! The SEC may be weak in monitoring the pre need industry, but that is no excuse for what the Yuchengco's did. (Just like it is not an excuse to go around committing crimes b/c the police is weak).

The truth of the matter is that the Yuchengcos can meet the obligations IF THEY REALLY WANTED TO. Did you know that during the bank run on I-Bank, the owner Mr. Tiu took out his OWN PERSONAL MONEY from another bank to service the I-Bank withdrawals. There are other international business people who took the extra mile to honor their obligations. Too bad the Yuchengco family is not one of them. Integrity seems wasted on this present generation.

 
At Sunday, April 24, 2005 7:04:00 AM, Anonymous Anonymous said...

It is not true that Amb. Yuchengco is in no shape to read any letters. He has been seen in meetings even up to late last week.

 
At Sunday, April 24, 2005 11:01:00 AM, Anonymous Anonymous said...

Why don't the Yuchengco's face the media to say their story? The Sobrepenas were brave enough to do this.

The difference between CAP and PPI:

- CAP assures their planholders that their financials are okay and just waiting for infusion when in reality, they don't have the financials to keep them going (according to SEC).

- PPI claims that they are financially hard-up (thus the need for rehab) when IN REALITY they do have the means to get the necessary funding from the other YCG companies (earnings in billions), if they really want to.

 
At Sunday, April 24, 2005 12:36:00 PM, Anonymous Anonymous said...

To Susan Yuchengco, you sat at the helm of Pacific Plans for years, esp. in the 90's when Pacific stopped selling plans, but continued to serve the secondary market. Why didn't you do anything about it then? Now you are going on your summer holiday, at the height of this fiasco. You can never hide from the Lord!!! He knows ALL your sins!

 
At Sunday, April 24, 2005 7:54:00 PM, Anonymous Anonymous said...

after what they did, i sincerely doubt if these people have God . . .
sorry mali pala, pera pala ang diyos nila!

 
At Sunday, April 24, 2005 8:12:00 PM, Anonymous Anonymous said...

Who is this spokesperson for PPI??? You sound like my friends from RCBC. It seems like you were all briefed as to what callous and blinded statement you would issue to the plan holders. I guess it is a case of not biting the hand that feeds you, right???

 
At Sunday, April 24, 2005 10:46:00 PM, Blogger Vespa said...

Can we hope for help from PGMA? I doubt it. Aleli Arroyo (wife of Jose Pidal aka Iggy Arroyo) works for RCBC Securities of the Yuchengcos. Vivian Yuchengco Locsin's First Resources Management is one of the most favored securities brokers of the GSIS. i think the SEC or PSE launched a half-baked investigation into this.

As far as we are concerened, this is a fight between right vs wrong and good vs evil.

PPI filed a rehabilitation plan precisely to give it a legal excuse to renege on its contractual obligations. If it can do it now, it can do it in 2010.

In fact, let us try offering these converted policies/plans as collateral to RCBC, or pay our Bankard bills with them-they are worthless. When a PPI officer at the Kamagong office incredulously announced that these open-ended plans would be replaced by fixed-value plans that would be NEGOTIABLE/TRADEABLE, I offered to sell my policies to her at 50% of the future redeemable face value
and she prudently shut up.

I was not able to attend the meeting last Saturday. Please post more information on how to sign up.

More power to us!

 
At Sunday, April 24, 2005 11:26:00 PM, Anonymous Anonymous said...

the poor spokesperson of PPI, Atty. Tecson is reporteedly the best friend of Ignacio Bunye. Now the connections get clearer by the day. Guess they had to take on someone who will have to do as they are told. No questions asked. Pure puppetry. poor atty. Tecson

 
At Monday, April 25, 2005 1:45:00 AM, Anonymous Anonymous said...

The things that Atty. Tecson says in the news are all scripted. Why did she not face the planholders at Dong Puno Live? I'm sure she would not know how to answer the questions as there were no scripts this time.

A company called Exemplar was mentioned in Dong Puno Live. What again is its relevance to the PPI case?

 
At Monday, April 25, 2005 8:03:00 AM, Anonymous Anonymous said...

For years, I have high regards for the Yuchengcos but it went down when Phil Rock which they own was rammed into EEI throat. Teddy Taguinod - who was then EEI Chairman ( now PEA GM )opposed the purchase of Phil Rock. Look at EEI now.
Why did Tito Yuchengco leave his fathers empire? Helen , Suzanne, Vivian & Gerry should face he planholders.
Let us engage the Mapuans in this battle.

 
At Monday, April 25, 2005 10:40:00 AM, Anonymous MAY said...

PARENTS:

This is a cry not only for our own family's cause but for the cause of the ALL FILIPINO's.

WE SHOULD MOVE QUICKLY. IF this immoral act is tolerated, who knows if another company is now thinking of doing a PACIFIC- LIFETIME SCENARIO.

HOW MANY MORE FILIPINO FAMILIES/ CHILDREN WILL BE VICTIMIZED?

 
At Monday, April 25, 2005 11:32:00 AM, Anonymous Anonymous said...

Before my 28 yr old cousin died of cancer, he invested all his money in the educational plans of his 2 children ages 5 & 7. They couldn't afford both the monthly payments of the plans and the chemo treatments & medications so he opten to use the remaining cash he had in the bank to pay this plans.
He passed away assured that his children will be able to finish school even when he is gone. So, what happens next ?

May he rest in peace and may God forgive them.

 
At Monday, April 25, 2005 11:47:00 AM, Anonymous Anonymous said...

the yunchengcos have money.

helen yuchengco-deemonio still sits on the board at PLDT.

their malayan insurance company collects 900million pesos YEARLY to insure pldt assets.

maybe manny pangilinan could help us do something about our plight?

INACTION MEANS CONSENT!!

 
At Monday, April 25, 2005 12:04:00 PM, Anonymous command responsibility said...

a) For anybody who has worked in a family-owned/dominated corporation will attest (especially one with a dominant patriarch) nothing moves without the approval of the owner. The non-family executives, regardless of their exalted titles, are employees and ultimately, mere "utusan".

b) What's the real score with the whereabouts of Amb. Yuchengco? Some posters profess that he has undergone surgery, while others swear that he has been on his feet attending meetings as recently as last week. Could it be that there is a PR campaign to absolve him so that somebody else can be blamed?

c) Heart bypass or not, the decision to cut Pacific Plans adrift were made more than eight months ago as the SEC records now show.

 
At Monday, April 25, 2005 3:25:00 PM, Anonymous BEN said...

Correct! It is a contractual obligation!!

How come this Anonymous character is portraying the Yuchengcos as honorable people by facing the problem squarely kuno?!

If in 1996 before the Asian financial crisis, I borrowed 1M US$ @P26 to $1 from RCBC of Yuchengco, and suddenly the peso devaluated to 52:1, do you think Yuchengco will allow we to just pay them P26M plus interest??!! Do you even know how many businesses and properties the Yuchengcos have foreclosed because of this scenario??!!

The Yuchengcos know how to take full advantage of the deregulation of tuition fees by buying schools left and right like Mapua Institute of Technology and jacking up the tuition fees so they make windfall profits. BUT these CROOKS refuse to face up to the downside of deregulation by honoring their contracts to just 34,000 plan holders!

To all holders and future buyers of Interment or Memorial plans from these CROOKS, aren't you worried that 20,30,40 years after you buy their plan and you pass away, the Yuchengcos will send your family a letter saying that because the price of wood and land has gone up beyond their estimates, they will face you squarely and say that they will return your premiums plus interests which by then is just sufficient for your family to buy a BANIG to wrap you in then they will assist in throwing your body into the PASIG RIVER!!!

 
At Monday, April 25, 2005 3:36:00 PM, Anonymous Anonymous said...

This site is public. That writer who defended the Yuchengcos could be someone from the Yuchengco group trying to infiltrate this site and pretending to show that they have some supporters.

Can someone post the numbers or email addresses of the yuchengcos and their business interests so we can bombard them with the open letter?

 
At Monday, April 25, 2005 3:41:00 PM, Anonymous Anonymous said...

i attended the meeting last saturday at st paul's pasig. i was glad to see that most of the planholders were professionals ( that's how i see them)and that there is a group that will see to it that YGC will fulfill their contractual obligations. i just would like to inquire about my case. you see, my contribtion to PPI is through salary deduction through DepEd-NCR-IBM. the termination date of payment will be on june 2006. my question is do i continue with the payment? or do i stop it? please help.

 
At Monday, April 25, 2005 8:24:00 PM, Anonymous Anonymous said...

Anonymous wrote...

"I just would like to inquire about my case. you see, my contribtion to PPI is through salary deduction through DepEd-NCR-IBM. the termination date of payment will be on june 2006. my question is do i continue with the payment? or do i stop it? please help."

Response:

I am inclined to believe that what you're paying till 2006 is the fixed-value plan under Lifetime Plans, Inc. and not PPI. Since your full payment will be in 2006, I assume that you purchased the plan last 2001. Such being the case, this couldn't be the traditional or open-ended plan since selling of such type of plan were stopped in 1992.

If what you're still paying for is indeed a fixed value plan and which is now with Lifetime Plans, Inc. (LPI), there is always that risk that LPI will not honor its obligations to the planholders, including yourself.

Take note that LPI is a member of the Yuchengco group of companies. After what this group did to the traditional planholders of PPI, NOTHING can stop them from doing the same thing to the other Yuchengco companies.

IS "YUCHENGCO" A NAME THAT YOU CAN STILL TRUST????

 
At Monday, April 25, 2005 9:50:00 PM, Blogger benedict said...

The Yuchengco group heartlessly, and coldheartedly planned to deprive thousands of hardworking people and their families of their dreams to provide their children with the bright future they had all hoped for. They insidously timed their filing for their motion of rehabilitation when their clients (no, victims!) where at their most vulnerable: during enrollment! Just when working mothers and fathers had heaved their collective sighs of relief for deciding to scrimp, save and work years on end to pay for their children's education, the
giant corporate monster decides to unleash on them their callous call for protection from those who they themselves have greatly wronged!!! I think that they only understand one language! I call all those who have been victimized to urge everyone they know to withdraw their funds from RCBC. I urge everyone who has seen their lifelong dreams of a better life for their children shattered, to ask everyone and convince everyone to refrain from doing business with any Yuchengco company. I believe that if we are even only moderately successful, then we will have surely sent the message across.

 
At Monday, April 25, 2005 9:59:00 PM, Anonymous Anonymous said...

Yuchengco is a name you can bury in a dumpsite. Thats where they belong. Read about RCBC looking into buying into two banks. Beware depositors! You might suddenly wake up and see the banks closed and under receivership. The Yuchengcos are definitely mastering their craft of cheating other people of their hard earned money.

 
At Monday, April 25, 2005 10:15:00 PM, Anonymous Anonymous said...

In chinese they say:

"fool me once, shame on me,
fool me twice, shame on YOU!"

 
At Monday, April 25, 2005 10:27:00 PM, Anonymous Anonymous said...

This is in response to the person who asked if he can discontinue paying for his plans.

Section VIII "Grace Period" in the plan says: "You are given a grace period of two (2) months within which to pay a due installment. If any installment remains unpaid beyond the grace period, this Agreement shall be considered of no force and effect. However, you shall be allowed to reinstate this Agreement within a period of two (2) years from the date of default. Otherwise, this Agreement shall be considered automatically cancelled and all payments shall be forfeited in favor of PACIFIC as liquidated damages. We are not under obligation to give notice in case of default i the payment of instalment, lapsation or cancellation of this Contract."

Please take very special note of this sentence: "... Otherwise, this Agreement shall be considered automatically cancelled and all payments shall be forfeited in favor of PACIFIC as liquidated damages..." This means you will lose ALL the money you had paid before the default and Pacific will confiscate that money as "liquidated damages." This is actually fallacious because they have not been "damaged" in any way by the default. In fact, their obligation to provide the promised service is still way in the future and at the time of the default, they are not obliged to do anything other than to collect the installments. So, what "damage" can they really claim?

Be that as it may, you are caught in a Hobson's choice of the worst kind: damned if you do and damned if you don't.

 
At Tuesday, April 26, 2005 12:07:00 AM, Anonymous Anonymous said...

Saw Ces Drillon interview our guy. No need to send a rep for Pacific- Ces can do the job!

She wasn't really interested in our side of the story and made us look bad as if we were either greedy or stupid to listen to the promises of Yuchengco!

She kept saying the ygc MAY BE LEGALLY right but morally questionable?

What legality is she talking about? the mere fact that they refuse to follow through with their obligation is BREACH OF CONTACT!

All the while, she was still texting while doing the interview! She should have been shot during the Oakwood Mutiny!

The switching of the other profitable plans from PPI to Lifetime Plans is itself a premeditated act of fraud!

In my opinion, why should we fight the Yuchengcos in their chosen field-Makati RTC? We should bring our fight were we have the most chances of winning- politics (have doubts since Yuchengcos are close to PGMA) and decisive business moves i.e. boycott Yuchenco group!

I suggest for a fix date to withdraw all deposits from RCBC in a coordinated move to resemble a bank run. No bank can survive a bank run, not even the Bank of England (central Bank of England).

It also brings about immediate results!

Atty. Ongkiko wisely said- "don't expect the government to help, they are too busy with balancing the bools (collecting more taxes)"

Ladies and gentlemen, no time to waste! The time to move is now!

Let's target RCBC, then Malayan Insurance! If they can screw our kids' future, we can surely screw theirs too!

 
At Tuesday, April 26, 2005 12:51:00 AM, Blogger mario said...

The suggestion to withdraw from RCBC on an agreed day/date brings results immediately. This will trigger a mass withrawal of funds which will cause panic to its officers& owners as well. YGC caused us sleepness nights, let us also make them sleepless for a longer time.

 
At Tuesday, April 26, 2005 2:22:00 AM, Anonymous Anonymous said...

To the person whose 28 yr. old cousin died of cancer, leaving behind his/her 2 kids with traditional educational plans, please call 0922-4830717.

 
At Tuesday, April 26, 2005 8:30:00 AM, Anonymous Anonymous said...

Ces Drilon is not interested in anything but in looking good. Does anyone pay attention to her, anyway?

IN the papers today, BSP came to the defense of RCBC by clarifiying that it is in no danger of falling apart contrary to text messages. I guess BSP didn't know how to read between the lines: the text messages meant to protest the betrayal of the Filipinos by the Yuchengcos and to convince the Yuchengcos to keep their promise. Duhhhhh....

 
At Tuesday, April 26, 2005 10:10:00 AM, Anonymous Anonymous said...

Who is this person with cell no 922-4380717, looking for the person with the 28 yr old cousin who died leaving behind 2 kids with traditional plans? Are you from Pacific whose conscience is being bothered and may be considering to do a side agreement? Anyway, my advice to the guardian, contact the number and get the offer if there is one. You may or may not pass on the info to the coalition, but we will appreciate if you do.

 
At Tuesday, April 26, 2005 11:42:00 PM, Anonymous Anonymous said...

is it true there is a plan for a massive boycott of ygc group of companies will be announced soon including massive withdrawals of rcbc money by plan holders and SYMPATHIZERS ? but if central bank just said rcbc and yuchengco group are stable will that help our cause ?

 
At Tuesday, April 26, 2005 11:48:00 PM, Anonymous Anonymous said...

Don't Look now but RCBC is starting to bleed. It' being hit by massive withdrawals by its individual and institutional clients. In other words, there's
a BANK RUN going on right now at RCBC.
If you are silly enough to still keep money in that Yuchengco Bank, I suggest you pull it out asap. Knowing the Yuchengcos, they might throw lot of gobbldygook at you to prevent you from withdrawing your money...

 
At Tuesday, April 26, 2005 11:50:00 PM, Anonymous Anonymous said...

What?? Al Yuchengco underwent a quintuple bypass and he's still alive?
Tsk..Tsk.. Masamang Damo talaga.
The nerve of him to call himself
"Mr. Integrity"!!

 
At Wednesday, April 27, 2005 2:59:00 AM, Anonymous Anonymous said...

We were looking for the 2 children whose parent died of cancer because we wanted to get their story. The public should know that what the Yuchengcos did was not only unethical and immoral. They deprived these helpless children the good education that they truly deserve. They just could not imagine the pain they caused these kids.

We are with the coalition.

 
At Wednesday, April 27, 2005 10:20:00 AM, Anonymous aloysius said...

in the guise of helping those orphans, gagamitin ninyo sila to advance your 'cost'. e pag binayaran naman lahat ng exclusive school availees, nothing more will be left for us non-exclu planholders now and even later. why not use your resources to help these children not to exploit them.

 
At Wednesday, April 27, 2005 11:42:00 AM, Anonymous Anonymous said...

to aloysius : what resources ? our resources with ppi ? it should be ppi who can help them, no one else

 
At Wednesday, April 27, 2005 5:05:00 PM, Anonymous Anonymous said...

i've read a lot of papers on PPI case and i don't understand why the Coalition said that PPI had broken their dreams. what PPI did was not to prejudice the non-availing planholders. on their forum last saturday in PICC, mr. garcia even mentioned (and this was also written in pacific plans web site) that the plan holders need not wait 2010 to get the remaining value of their plan. as soon as the RTC approves the rehab plan, plan holders can cash out their 2004 resulting value within a given liquidity window. it is so clear that PPI is not running with the plan holders money. it seems that the greeds are somehow on the side of the Coalition and not on the Yuchengcos nor with PPI. i am also a plan holder who is yet to avail.

 
At Wednesday, April 27, 2005 7:33:00 PM, Anonymous Anonymous said...

The spokepersons of PPI don't know anything about the PEP I maybe they don't even have a plan with PPI. Simply pinapaharap nila ang mga taong walang alam tungkol sa company. Bakit ayaw nilang iharap si Helen Dy, Liwayway Gener, Roy Padiernos to answer the questions? Scripted naman lahat ang sinasabi nila. Not even these spokepersons know what they are saying. Maybe they don't have a promising income thats why they grab the opportunity to have a bulk of money.

 
At Thursday, April 28, 2005 3:07:00 AM, Anonymous Anonymous said...

Comment goes..."The spokespersons of PPI don't know anything about PEP...".

Do watch Dong Puno Live later tonight and you will know why. What Dong Puno mentioned was a revelation to most, if not all of us.

 
At Thursday, April 28, 2005 7:07:00 AM, Anonymous Anonymous said...

"i don't understand why the Coalition said that PPI had broken their dreams. what PPI did was not to prejudice the non-availing planholders. on their forum last saturday in PICC, mr. garcia even mentioned (and this was also written in pacific plans web site) that the plan holders need not wait 2010 to get the remaining value of their plan. as soon as the RTC approves the rehab plan, plan holders can cash out their 2004 resulting value within a given liquidity window. it is so clear that PPI is not running with the plan holders money. it seems that the greeds are somehow on the side of the Coalition and not on the Yuchengcos nor with PPI. i am also a plan holder who is yet to avail." I beg to disagree with you. Of course Mr. Garcia reassured you thus, but note the phrase you used: within a given liquidity window." Lugi ka pa rin niyan, somehow. He was being divisive when he pitted the coalition and the rest. He wanted to tell you we are the villains and they, the heroes. We should be fighting for ourselves and our children's future, not for Mr. Garcia's and the Yuchengcos' future. They are the greedy ones, not us. We're merely demanding what is due us, what they promised they would give us. ISn't that reasonable?

 
At Thursday, April 28, 2005 8:55:00 AM, Anonymous bmw said...

No, kayo ang greedy ones. You want to drain the remaining trust fund and leave none for us non-availees.

 
At Thursday, April 28, 2005 9:05:00 AM, Anonymous st. peter said...

In reply to : "To all holders and future buyers of Interment or Memorial plans... the Yuchengcos will send your family a letter saying that because the price of wood and land has gone up beyond their estimates". This shows your ignorance of the issue being discussed, Interment and Memorial Plans are serviced by Memorial Parks and Mortuaries. These are the ones responsible for administering to your interment and memorial services needs. The pre-need companies act as the conduit/assist you as they have packaged the services offered by these entities with additional benefits. Unlike educ trad where bulk of the cash outflow comes during enrollment, memorial availments are smaller in number and you get to avail only once (unless you die several times). As such, this does not present serious cash outflow concern for companies offering these products.

 
At Thursday, April 28, 2005 9:12:00 AM, Anonymous aloysius said...

In reply to "I just would like to inquire about my case. you see, my contribtion to PPI is through salary deduction through DepEd-NCR-IBM. the termination date of payment will be on june 2006. my question is do i continue with the payment? or do i stop it? please help." --- Go on with your plan. Fixed value plans are safe products which even critics have been stating. Unlike trad which pays no matter what the tuition cost will be in the future, fixed value plans have pre-determined amounts payable to you. DO NOT BE SWAYED BY PEOPLE WHO WANT TO USE YOU EVEN THOUGH YOUR PLAN IS DIFFERENT FROM THEIRS. Gagamitin ka lang gaya ng panggagamit nila sa iba to advance their self interests.

 
At Thursday, April 28, 2005 6:10:00 PM, Blogger PARTY OF ENLIGHTENED PLANHOLDERS (PEP) said...

TO OUR FELLOW PLANHOLDERS WHO BELONG TO THE SILENT MAJORITY (Roxie, Silent Majoriy, Aloysius, etc):

We have created a blogspot for us http://www.partyofenlightenedplanholders.blogspot.com

We hope we can advance our goals away from the maddening crowd.

This will provide us with the forum to better clarify all provisions of our contracts, negotiate on our own.

Thank you.

 
At Thursday, April 28, 2005 6:11:00 PM, Blogger PARTY OF ENLIGHTENED PLANHOLDERS (PEP) said...

TO OUR FELLOW PLANHOLDERS WHO BELONG TO THE SILENT MAJORITY (Roxie, Silent Majoriy, Aloysius, etc):

We have created a blogspot for us http://www.partyofenlightenedplanholders.blogspot.com

We hope we can advance our goals away from the maddening crowd.

This will provide us with the forum to better clarify all provisions of our contracts, negotiate on our own.

Thank you.

 
At Thursday, April 28, 2005 6:11:00 PM, Blogger PARTY OF ENLIGHTENED PLANHOLDERS (PEP) said...

TO OUR FELLOW PLANHOLDERS WHO BELONG TO THE SILENT MAJORITY (Roxie, Silent Majoriy, Aloysius, etc):

We have created a blogspot for us http://www.partyofenlightenedplanholders.blogspot.com

We hope we can advance our goals away from the maddening crowd.

This will provide us with the forum to better clarify all provisions of our contracts, negotiate on our own.

Thank you.

 
At Saturday, April 30, 2005 8:34:00 AM, Anonymous Anonymous said...

Just watched the replay of Dong Puno live early this morning. I couldn't help but notice that the President of Pacific Plans could not look anybody in the eye. He kept looking down at the table. This Atty Tecson on the other hand mentioned something about "quarantining" the traditional educational plans which was described as a "cancer" by the president of Pacific plans.

If they really believed that what their company did was right, they would not be behaving this way. They can look us all straight in the eye and say that what they did was the right thing. As it is, they can't even look anybody straight in the eye. I wonder how they sleep at night.

Also, is this the same Atty Tecson who filed a case questioning the citizenship of FPJ in the supreme court? watching her argue her case for Pacific, on Dong Puno live, i am not surprised she lost that case.

 
At Tuesday, May 03, 2005 5:39:00 PM, Blogger ardel said...

the offer of PPI to return the money with 7% compounded interest is not fair. i got the traditional plan (HS EX B)for my daughter when she was 2 years old. Now she is 15 yrs old. We are suppose to avail the benefits 3 yrs ago but as we are based here in saudi arabia and my kids are studying here, we opted to transfer this plan to my son who is suppose to use this by year 2008. Now tell me, with the inflation rate and difference of exchange rate between US$ and PHP plus the cost of money during the time that i finished paying this plan, do i have a fair return of investment? i don't think so. In the first place i did not put this money as an investment, i did put this as an insurance so as to ensure that my children will have a means to ensure good education. the money that we put on this plan were used by YGC to make more money and we deserve to be compensated as well. As an OFW here in Saudi, pawis at dugo ang puhunan namin para guminhawa ang buhay, please don't take away our dreams for our childrens.

 
At Monday, May 09, 2005 10:21:00 PM, Anonymous Anonymous said...

The Mapuans fighting the Yuchengcos are experiencing the very same thing you are experiencing.

They (Yuchengcos) will claim 'silent majority' supports their plan.

They will demonize the leaders of your cause as the trouble makers.

They will divide your ranks by offering little bribes (yours is the 7%, ours is that we will keep the name for another 5 years kuno)and you should be thankful for their generosity.

They will portray themselves as people of integrity and there must be something wrong with you if you question them.

They will have hired people to infiltrate your message boards masquerading as one of you and sow doubts and intriques against your leaders.

They have the media covered, the internet is the only thing they can't control. Our sites have been hacked and attacked.

They will try to rationalize their actions using technicalities and legal jargons.

They will try to convince you that you are up against powerful people and that you can't win so you better accept their terms.

they will use every possible means to intimidate you and if they have to spread faeces in your rally path, they will and they have done it to us.

Let me tell you this, the Yuchengcos are very nervous right now. They know what can happen. Let's work together, make enough noise so that the media will lose credibility if they ignore us or trivializes us. Most of the Yuchengco business is very vulnerable now.

Let's be steadfast in our position. Let us show the world that we are really the victim, not them. Let us show the world that they are not sincere in dealing with us. In Mapua, they refuse to have a dialog (even if they claim so in the internet), they only have meetings that are only to disseminate information. They're not interested to listen to you. LET'S MAKE THEM LISTEN.

Mapua + Pacific Plan = Yuchengco collapse. The time is now.

 
At Friday, May 20, 2005 12:03:00 AM, Anonymous Anonymous said...

your retaliatory plans worry me. at first i was concerned with your welfare about your pre-need plans. however, with the way you react and plan on retaliating, it seems that the real purpose of your movement is slowly fading away, being replaced by blind anger.

please remain as pacifist victims of this problem. it'll earn you more sympathy from other people and hopefully, the government and YGC itself, resulting in solutions to your problem. planning on trying to shut down other YGC companies will just make the people lose their sympathy to your woes.

just my two cents.

 
At Friday, May 20, 2005 3:56:00 PM, Anonymous Anonymous said...

Is it true BPI Bank is buying RCBC?

 
At Friday, May 20, 2005 3:56:00 PM, Anonymous Anonymous said...

Is it true BPI Bank is buying RCBC?

 
At Saturday, May 21, 2005 9:14:00 AM, Anonymous Anonymous said...

no. BPI is not buying RCBC.

 
At Saturday, May 21, 2005 9:15:00 AM, Anonymous Anonymous said...

no. BPI won't and can't buy RCBC.

 
At Saturday, May 21, 2005 9:17:00 AM, Anonymous Anonymous said...

by the way, there is no "BPI Bank". BPI meron... as in Bank of the Philippine Islands. mag-iimbento na nga lang ng rumour palpak pa ang effort. pathetic.

 
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At Wednesday, March 30, 2016 12:02:00 AM, Anonymous Anonymous said...

Yuchengco Grandson is Cyber-CyberHeist Mastermind >>> it has been years since we all lost a lot of money dealing with the Yuchengco Pacific Plans. Now the big $81m money-laundering heist in the newspapers today using RCBC bank has surfaced. It took me a lot of favors to get to the bottom of this due to my continued rage with my loss and that I have not been paid for other services I have rendered. I have together with 3 other pacific plan holders, launched an investigation with the FBI and other authorities into the affairs of a certain Mr. Marco Yuchengco Santos and his cousin and accomplice, Mr. Enrique Yuchengco Gonzales. Both work together in a company called IPVG which was formally a tech start-up then changed its business into mining to cover their criminal tracks. It is sad to see that the good work of the late Ambassador/Taipan Alfonso Yuchengco and his heir Helen Yucnengco-Dee is destroyed by social climbing and criminal minded nephews like Mr. Santos and his cohorts. Mr. Santos, who everyone calls " MySAN" is known by everyone as the bald, extremely creative international hacker who has managed to keep his tracks covered - till now. We have discovered a major conspiracy. Mr. Santos is the cyber-crime mastermind of the biggest money laundering scam in the history of the Philippines, stealing money from the Central Bank of Bangladesh and using the Federal Reserve Bank to wire it to casinos in the Philippines. They used a little known software company they acquired a few years ago called Prolexic, which was the first line of defense against any cyber attacks but they used the said technology against the very banks who bought it from them to protect themselves. the banks bought their own trojan horse. Besides RCBC, they also used it against Export Bank, which closed down due to fraudulent losses, RCBC Bankard, which had to be sold off and Pacific Plans. Mr. Santos has been siphoning off funds from his family's YGC Group with his tech ingenuity for years!!! he is in hiding when we discovered this and because he is running away from a failed drug deal from the military he has to pay off urgently, everyone knows he is a very dangerous drug addict. I am calling all of you to spread this recent findings and to get the senate to invite Mr. Santos to explain himself. I am also calling on Mrs. Helen Dee to investigate the use of Mapua, where Mr. Santos works as a basketball manager. Mapua handles the people and the back-end needs of their bank RCBC and Mr. Santos knows everyone's movement at RCBC because he has access to all their emails. We will also be inviting previous business partners of Mr. Santos in his tech business to make a statement on this soon. Mr. Marco Yuchengco-Santos, you piece of shit, your days are numbered!!!... so next time someone renders you a good service, pay up or else!!! you act so big but you are nothing but a crime boss wannabe who has lost everything. Let me assure you your family wont cover for you this time.

 
At Wednesday, March 30, 2016 12:10:00 AM, Anonymous Anonymous said...

and before you even try to solve this, we are also investigating the death of your best friend, Miguel Fabie and your parents who died within the same year. Seems like you fast tracked your inheritance. You have a lot of explaining to do so come out in the open so all may investigate you and lets see who you really are. You should drop the Yuchengco name Mr. Santos, you dont deserve it, you have caused your family more than enough trouble.

 
At Wednesday, March 30, 2016 12:30:00 AM, Anonymous Anonymous said...

Yuchengco Grandson is Cyber-CyberHeist Mastermind >>> it has been years since we all lost a lot of money dealing with the Yuchengco Pacific Plans. Now the big $81m money-laundering heist in the newspapers today using RCBC bank has surfaced. It took me a lot of favors to get to the bottom of this due to my continued rage with my loss and that I have not been paid for other services I have rendered. I have together with 3 other pacific plan holders, launched an investigation with the FBI and other authorities into the affairs of a certain Mr. Marco Yuchengco Santos and his cousin and accomplice, Mr. Enrique Yuchengco Gonzales. Both work together in a company called IPVG which was formally a tech start-up then changed its business into mining to cover their criminal tracks. It is sad to see that the good work of the late Ambassador/Taipan Alfonso Yuchengco and his heir Helen Yucnengco-Dee is destroyed by social climbing and criminal minded nephews like Mr. Santos and his cohorts. Mr. Santos, who everyone calls " MySAN" is known by everyone as the bald, extremely creative international hacker who has managed to keep his tracks covered - till now. We have discovered a major conspiracy. Mr. Santos is the cyber-crime mastermind of the biggest money laundering scam in the history of the Philippines, stealing money from the Central Bank of Bangladesh and using the Federal Reserve Bank to wire it to casinos in the Philippines. They used a little known software company they acquired a few years ago called Prolexic, which was the first line of defense against any cyber attacks but they used the said technology against the very banks who bought it from them to protect themselves. the banks bought their own trojan horse. Besides RCBC, they also used it against Export Bank, which closed down due to fraudulent losses, RCBC Bankard, which had to be sold off and Pacific Plans. Mr. Santos has been siphoning off funds from his family's YGC Group with his tech ingenuity for years!!! he is in hiding when we discovered this and because he is running away from a failed drug deal from the military he has to pay off urgently, everyone knows he is a very dangerous drug addict. I am calling all of you to spread this recent findings and to get the senate to invite Mr. Santos to explain himself. I am also calling on Mrs. Helen Dee to investigate the use of Mapua, where Mr. Santos works as a basketball manager. Mapua handles the people and the back-end needs of their bank RCBC and Mr. Santos knows everyone's movement at RCBC because he has access to all their emails. We will also be inviting previous business partners of Mr. Santos in his tech business to make a statement on this soon. Mr. Marco Yuchengco-Santos, you piece of shit, your days are numbered!!!... so next time someone renders you a good service, pay up or else!!! you act so big but you are nothing but a crime boss wannabe who has lost everything. Let me assure you your family wont cover for you this time. And before you even try to solve this, we are also investigating the death of your best friend, Miguel Fabie and your parents who died within the same year. Seems like you fast tracked your inheritance. You have a lot of explaining to do so come out in the open so all may investigate you and lets see who you really are. You should drop the Yuchengco name Mr. Santos, you dont deserve it, you have caused your family more than enough trouble

 

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