Thursday, April 21, 2005


This is from the website of Pacific Plans that was taken down yesterday.

Management must not have wanted us to see that the prior logo of Pacific Plans has the Blue Hexagon device that is used to create a uniform corporate identity for all companies within the fold of the Yuchengco Group of Companies.

According to the article written by Mr. Victor Agustin, in his column at INQ7, stated that

"...Parallel to the divestment, the Yuchengcos, led by chairperson and president Helen Y. Dee, resigned en masse from the Pacific Plans board, but not before transferring the safe pre-need products, those offering fixed benefits, into a new company, Lifetime Plans...."

All Hail the Yuchengcos and the fine board of Pacific Plans!!!

For all of the 34,000 plus Planholders, we now know who they are.

Let us Please take time to greet the owners, directors and officers of Pacific Plans when we see them at church, the swanky malls, the fine hotels and restaurants that the directors frequent.

Tell them how much we enjoyed waiting for 4 hours or more under the noon day sun at Kamagong St. where they relocated Pacific Plans...all the while being barked at by the security guard with a bull horn to line up (where welooked like so much docile cattle).

Thank them for their generosity and thoughtfulness as they have left us scrambling and trying to figure out how we could possibly enroll our children with only days left before enrollment.

Wave at them to acknowledge the brilliance and cleverness of their legal engineering that is designed to distance themselves from our shrill and petty complaints (shame on us for not understanding that they wanted to keep their profits). After all Some Are Smarter Than Others.

For all of this we thank them and bless them.


At Thursday, April 21, 2005 3:43:00 PM, Anonymous TLS said...

Critical points:

 Why did the SEC, RTC judges, etc. allow the Yuchengcos/PPI to transfer out all Earning Assets and Resources (including manpower) knowing fullwell that this technically brings PPI to bankruptcy? Natural, kung tanggalin mo ang lahat ng earning assets ng isang kumpanya at wala namang pumapasok na income dahil tinigil na ang pagbenta ng traditional plans, talagang bankruptcy ang mangyayari! Wasn’t this so elementary and simple to see?!!
 Doesn’t this qualify as Fraud? (Illegal transfer of assets or money that were meant to support continuous operations of PPI). And Deceit? Ask any planholder to document the events leading to this debacle and you will see that everything was orchestrated towards disenfranchising the planholders. From the restructuring last year, down to the quiet move away from the Yuchengco HeadQuarters to an out-of-the-way building in who-knows-where inner non-business center Makati, down to the “moving delays” in release of checks (in contrast to prior years’ practices), down to the stay order that was conveniently and immediately passed on their petition that normally should take time for filing and processing.
 The Yuchengcos/PPI also chose to utilize bankruptcy as a tool/strategy. Why? Because in our country, Bankruptcy Laws are old and inept and toothless!!! Ask any lawyer worth his cent and the easiest route to avoid obligations is to hide behind bankruptcy laws! In the 1999-2000 Insolvency Asia study prepared by ADB, clearly, our laws do not provide adequate protection for creditors (and that should include us planholders). Even the SRC doesn’t provide avenues for protection of planholders.
 The restructuring of PPI into a shell company to service traditional plans while transferring all sellable products and in fact the administrative structure and machinery to a “new” earning operating company called Lifetime Plans is a blatant manipulation of the laws, an insult to the judiciary, the SEC, the Filipino people! It is not, I’m sure, that the Yuchengcos/PPI believe that we are stupid not to see this. It is that they believe that we have NO POWER TO DO ANYTHING ABOUT IT because we are little people who already gave them all our money through RCBC, PPI, Malayan Insurance, Honda, Isuzu, etc.
 Ask any Finance person. Legal restructuring so that there “seems to be no connection between PPI and any Yuchengco company” is hogwash and legal posturing. Kung hahanapan ng documento yan, there will be one, even if it’s a tiny slip of paper connecting one person within the corporate structure to the Yuchengco group. Similarly, napakadaling gumawa ng financing arrangement kung gugustuhin talaga ng Yuchengcos to provide assistance to the now shell company that is PPI.
 Isn’t what the Yuchengcos did Economic Sabotage? This does not affect only PPI planholders! This has a serious ripple effect: 1) it sets a precedent in the Pre-Need Industry where all other players will follow suit. Pre-Need companies rationalize manpower, causing more unemployment 2) Planholders need to borrow from usurious sources / consumer finance companies causing further economic disintermediation in the already sinking economy 3) Schools and universities report lower income due to lower enrollees and hence will have to rationalize manpower / teachers and admin staff. More students, especially at college level, will be forced to join the ranks of the unemployed because of their inability to continue studies and need to support parents. Ask any economist.
 What the Yuchengcos/PPI did is a selfish act promoting selfish interests that harms the Pre-Need Industry! It does nothing to boost the much need confidence in the business and only a fool (such as Fe Barin, who, by the way, knows nothing about the Industry, Economics, Pre-Need and Insurance concepts) would say that what the Yuchengcos/PPI did is for the benefit of the planholders. The business is built on Trust! Without Trust, there’s nothing else worth speaking of. Life insurance companies know this and that is the very core of the business that the Insurance Commission tries to uphold and protect. Planholders COME 1st BEFORE anything else!
 Also, why did they suddenly and stealthily execute this? Because they know that the SEC is inutile!! Fe Barin is an old lady who technically knows nothing about how the Pre-Need business should be run and how to truly protect the planholders!! Bagong lipat lang siya at walang technical expertise. That is why they took the timely advantage.
 Plus, and this cannot be emphasized enough, this act of the Yuchengcos/PPI is one that speaks of what its people are at their core: “intsik behos na may hardware sa Binondo na nakapag-lipat lang sa Makati”. Puro kabig lang ang hinahanap. And, it doesn’t matter kung Piso lang o kung kaya naman niyang tanggapin ang lugi. Basta, importante, laging todo-kabig siya. Think of it, and any Chinese people who beg to disagree, please feel free to repute this (kung kaya nyo, and I sincerely doubt it). Kung ang planholders ng PPI ay 100% intsik, HINDI ITO MANGYAYARI. Believe me, with their culture of support among themselves and keeping money within the “intsik” family, hindi ito mangyayari kung puro instik tayo. But poor we, we are just Filipinos who are slowly becoming Second-Class citizens in our own country because of Economic Dislocation.
 Simple corporate strategy tells us that if you have a losing product (in this case, traditional plans) because of a changing economic or regulatory landscape (our deteriorating financial yields / market and the tuition fee deregulation), then stop selling the product. Fine! But that does not release the company from its contractual obligations! That does not mean that those liabilities on the traditional plans are dischargeable!
 If “money” is the only language the Yuchengcos/PPI understand, then lets talk “money”. Don’t do business with any Yuchengco company. Renege on all deals and contracts with them. Cut-off all their supplies. Get any employee of theirs (with consciences) to resign and leave. They want “money”? Let’s give them the true meaning of “money”. Broadcast this to all international avenues. Believe me, with Enron, WorldCom, AIG (not that the Yuchengcos/PPI are even in this league of global companies), the Yuchnegcos’ downfall internationally will speak “money” to them.

At Thursday, April 21, 2005 4:42:00 PM, Anonymous Anonymous said...

To tls, can you please attack Yuchengco without attacking the Chinese community? We are also victims here. A lot of the victims are Chinese. It is bad enough that we lost our money like you did, but you do not have to add insult to injury by lumping us with the Yuchengcos. We are as angry as you are.

At Thursday, April 21, 2005 5:09:00 PM, Anonymous Anonymous said...

tls : made many good points and suggestions but got carried away somehow. stay focus and together if we are to win this battle

At Thursday, April 21, 2005 10:48:00 PM, Anonymous Anonymous said...

Found a Yahoo egroup named "".Not much in the egroup yet but maybe it needs a little word of mouth advertising for people to use it. It might prove to be a good venue for agrieved planholders to communicate with one another.

At Thursday, April 21, 2005 10:57:00 PM, Anonymous Anonymous said...

If Saturday's meeting is to be fruitful and productive, all planholders must stay objective, less emotional, focused and address the issues logically and legally. Everyone who shows up at the meeting is an aggrieved party regardless of walk of life, racial background, education, status, etc. We do not need racial slurs that will just divide us (tls, take note). Let us use this blog site responsibly and bring out information, questions and issues that can help us all.

At Friday, April 22, 2005 1:16:00 AM, Anonymous Anonymous said...

To tls: lahat tayo pare-parehong naloko dito. Hindi importante kung Pinoy o Chinese ang mga planholders. Ang importante rito ay tayo ay mag-kaisa para masolusyonan ang problemang ito. I agree with the other people who posted to just focus on the issues rather than attacking & lumping the whole Chinese community together with the Yuchengcos. If we can not unite as a group with common objectives, the Yuchengcos will have the last laugh!

At Friday, April 22, 2005 8:58:00 AM, Anonymous Anonymous said...

We got our plans on the secondary market ie the original cost was about Peso 30k (for purposes of arguement assume 1985) and years later (assume 1995) was bought and transferred to us for a larger amount say Peso 100K.

We have a certificate of full payment that is dated on the day we paid the Peso 100K. So if the rehab plan does take effect, the 7% beings ticking ON THE day of the SECONDARY TRANSFER (1995 and not 1985) but uses the original amount of 30K.

Now I can understand the use of the 30K as the benchmark point but why use the latter date? Is that fair esp. when the orignal planholder paid it in full in 1985??????

At Friday, April 22, 2005 9:37:00 AM, Anonymous Anonymous said...

News and Announcements (taken from lifetime plans website)....

PPI puts up P200-M subsidiary (from the Philippine Daily Inquirer - Business, August 17, 2004)

Pacific Plans, Inc. has put up a P200 million subsidiary, Lifetime Plans, to handle its fixed value pre-need educational, pension and memorial plans.

The move is part of the structural reorganization of PPI. It is in line with the current industry practice of focusing on fixed-value plans, which pre-determine the amount of benefits due a planholder upon maturity.

PPI Executive Vice President Liwayway F. Gener said the industry has shifted from traditional or non-fixed-value plans whose benefits were determined only at the time they are needed such as during school enrollment.

PPI stopped selling these traditional educational plans in 1992 shortly after a government policy allowed schools to raise tuition without any cap. In 2002, the Securities and Exchange Commission announced that it would disallow the sale of these open-ended educational plans.

Lifetime will absorb the fixed-value plans of PPI, giving it a starting plan holder base of 423,000. Senior vice president Roy Padiernos said Lifetime is expected to be within the top five of the industry in terms of sales given its well-organized marketing and sales group of more than 20,000 licensed agents nationwide.

At Friday, April 22, 2005 9:39:00 AM, Anonymous Anonymous said...

(taken from lifetime plans website...)

Business Opportunities - Join the Lifetime Team

"When people of different backgrounds and skills work together, they create a power greater than the sum of their individual abilities. This is the strength of synergy."

- Yuchengco Group of Companies

At Lifetime Plans, you can grow in your career and find security for you and your family.

Be part of our growing team of sales associates. Earn money now while enjoying a rewarding and challenging sales career.

If you're new in the business - no need to worry. We offer a Basic Sales Training Course FOR FREE to all recruits.

We are also open for alliance with existing general agencies, brokers, and area managers.

To learn more, call or visit our Alternative and Non-Traditional Sales Division or the nearest branch in your area.

Tel. Nos. (02) 8671527, (02) 8131213
Fax: (02) 8131222

Lifetime Plans, Inc.
Sales and Marketing Group
8/F Grepalife Building
221 Sen. Gil Puyat Street
1200 Makati City


Join us! Call, fax or e-mail us for appointment, or come personally

At Friday, April 22, 2005 9:40:00 AM, Anonymous Anonymous said...

I wonder if this is where the money went:

If you look at the March 3, 2005 disclosure, Mr Yuchengco said "I am pleased to be elected to the Board of Directors and have made a financial investment in the company. I look forward to helping Access Worldwide develop and become a major player in the BPO space, sustain its revenue growth and build shareholder value.

Incidentally, if you look at NASDAQ's report on AWWC, you will see Mr Yuchengco acquiring a significant chunk of the company.

At Friday, April 22, 2005 9:42:00 AM, Anonymous Anonymous said...


LIFETIME PLANS, INC., is a new key player in the pre-need industry. Incorporated on August 12, 2004, with equity of P200 million, assets of P17 billion, a base of over 400,000 education, pension, and memorial plans, Lifetime Plans is already a major force in the industry. And with the full backing of the Yuchengco Group of Companies, Lifetime Plans is in the best position to service the needs of the Filipino.


YOU. Every planholder of Lifetime Plans stands at the core of our commitment. We aim to provide you with pre-determined financial solutions to help you fulfill your dreams and prepare for important life stages and milestones ahead of time.

THE FILIPINO'S QUALITY OF LIFE AND FUTURE. We endeavor to enhance the quality of life and future of every Filipino and his family by providing products and services that suit specific needs and with guaranteed benefits.


Our pre-need products and services cover the following fixed value plans, the benefits and costs of which are set and pre-determined at the time of purchase:

Lifetime Pension Plans

Mega Optima
Ultra Value
Masterfund Basic
Masterfund Advantage
Masterfund Prime
Lifetime Education Plans

Pepstar Basic
Pepstar Advance
Pepstar Premiere
Pepstar Ultimax
Lifetime Memorial Plans

Memorial Traditional
Memorial Fixed
For your memorial service needs, you need only to call our 24-hour Memorial Benefits Hotline at (02) 812-9662 or (02) 812-9663.

For other needs, services, or plan-related concerns during regular business hours, please call our Customer Action Center Hotline at (02) 816-0000.

Ambassador Alfonso T. Yuchengco, CEO of the Yuchengco Group of Companies, believes that success is also influenced by these factors: openness through synergy of foreign alliances, maintaining the core business of financial services with diversification to related services, and the courage to innovate.


Lifetime Plans, Inc. has a nationwide network of over 20,000 licensed sales couselors. We are also ready to serve you at any of the following offices:

Head Office - 221 Grepalife Bldg. Sen. Gil Puyat Avenue, Makati City

Business Centers

MAKATI Business Center - G/F Grepalife Bldg. 221 Sen. Gil Puyat Avenue, Makati City
QUEZON CITY Business Center - 12/F Aurora Tower, Araneta Center, Quezon City
BINONDO Business Center - 6/F Yuchengco Tower, 500 Quintin Paredes Street, Binondo, Manila '
VISAYAS Business Center - 2/F Medalle Bldg, Osmena Boulevard cor. J. Llorente Street, Cebu City
MINDANAO Business Center - Mezzanine Floor, RCBC Saving Bank Bldg., Bolton Street, Davao City
Plus 82 regional and sales offices and branches throughout the country.

Corporate Vision Statement and Core Values >>
Corporate Governance >>
Anti-Money Laundering Guidelines >>
Board of Directors >>
YGC and Affiliates >>

At Friday, April 22, 2005 9:54:00 AM, Anonymous Anonymous said...

Board of Directors

Helen Y. Dee

Rizalino S. Navarro
Susanne Y. Santos
Armando M. Medina
Margarito B. Teves

Corporate Secretary
Atty. Marcelo T. Dy

Assistant Corporate Secretary
Atty. Margarita Guia Qua

Senior Officers
Executive Vice Presidents
Liwayway F. Gener, Operations & Administration
Maribel A. Obidos, Actuarial & Investments

Senior Vice President
Roy G. Padiernos, Sales & Marketing

First Vice President
Ricardo K. Chua, Expanded Finance

Vice President
Patricio A. Picazo, Corporate Administration

At Friday, April 22, 2005 9:57:00 AM, Anonymous Anonymous said...

(taken from Lifetime website.....- notice paicific plans is not included?)

"Our affiliates

Lifetime Plans, Inc. (LPI) is a member of the Yuchengco Group of Companies (YGC), a respected group of some of the country's top corporations. Some of the company's affiliates include:

Bankard, Inc.
EEI Corporation
First Malayan Leasing and Finance Corporation
HI-Eisai Pharmaceutical, Inc.
Great Pacific Life Assurance Corporation
Grepaland, Inc.
Honda Cars Kalookan, Inc.
Honda Cars Manila, Inc.
Honda Cars Quezon City, Inc.
House of Investments, Inc.
Isuzu Manila, Inc.
Landev Corporation
Malayan Insurance Company, Inc.
Manila Memorial Park Cemetery, Inc.
Mapua Institute of Technology
Nippon Life Insurance Company of the Philippines, Inc.
Pan Malayan Travel & Tours, Inc.
Pan Pacific Computer Center, Inc.
RCBC Savings Bank
Rizal Commercial Banking Corporation
Subic Power Corporation "

--- please boycott all of the above !!!

At Friday, April 22, 2005 10:34:00 AM, Anonymous SNOW WHITE said...

The "pillars of society", members of the board of Pacific Plans, even has for its board a chairperson who is short not so much because of his physical stature but because of his moral depravity. This guy has a track record of questionable acts. It is, therefore, not a wonder that society would have this sort of a problem. They've got the BAD GUY at the helm of pacific plans

At Friday, April 22, 2005 10:41:00 AM, Anonymous Anonymous said...


Aside from that guy you are referring to, did you notice another s** who is also short on moral values? He's of regular height but it is obvious he has not learned from his mistakes in the past. Perhaps it would have been better if he had just gone to hawaii...

Ay naku!! Ano ba iyan!! Why were these guys allowed such positions?

At Friday, April 22, 2005 10:46:00 AM, Anonymous THE MOVING FINGER said...

You know, I am beginning to think that all these woes are being allowed by GOD to wake us all up from our apathy. We really need to take action. Evil not nipped at the roots will eventually grow into a MONSTER -- like the PACIFIC PLAN, the MEDIA-FOR-HIRE, the brazenly corrupt politicians, etc, including a PRESIDENT who behaves like the spoiled brat that she is.

At Friday, April 22, 2005 11:30:00 AM, Anonymous Anonymous said...

I saw the show last night on Dong Puno Live. While I fully agree with the sentiments expressed by planholders, I hope we can keep our emotions in check for the Saturday meeting. What we need are facts, plans for action, advice from lawyers and other experts. Please let's not waste precious time skewering the Yuchengcos. Yes, they fully deserve it but again, what we need to hear from tomorrow's meeting are legal and media options that are available to us.

At Friday, April 22, 2005 12:00:00 PM, Blogger Sassafras said...

May topic rin sa Pinoy Exchange about this, but too few have posted. Might i also invite posters here to let your comments be heard in this common area as well, para malaman nilang madami kayo at may boses kayo--->

At Friday, April 22, 2005 12:03:00 PM, Anonymous Anonymous said...

I am not Chinese but I have very many friends and associates who are Chinese and they are very respectable people. My family and our kids have as our closest friends members of the Filipino-Chinese community. Let us not lump them along with the Yuchengcos and cast racial aspersions upon them. Many of them are also victims and we should support and unite with them in our common cause. Racism has no place in our country and anywhere else in the world so please please our Filipino-Chinese friends and the Chinese community here and around the world deserve an apology. Tls, please post a sincere apology with the same zeal and emotion as you have in your previous post. Thanks.

At Friday, April 22, 2005 1:36:00 PM, Anonymous Anonymous said...

We hope that the legal & justice system work in our quest for justice. However, be aware that it will take years before this matter is resolved by the courts. By all means, lets explore this avenue but for the Yuchengco group to feel the pain, we definitely should explore other means. Lets start with RCBC and RCBC Savings. Lets close our accounts and transfer our funds to more deserving and trustworthy institutions. Lets do business with those with proven integrity! It is Helen Yuchengco-Dee who is definitely behind this scam.

At Friday, April 22, 2005 2:11:00 PM, Anonymous Anonymous said...

visit yahoo and join no2pep2010 egroup. a database has been set up by someone to gather all planholders claim and recruit volunteers to fight our cause. a polling has also been set up to organise a well funded and formal core group to take up our course. pass this message to as many aggrieved people as you can thru email and text

At Friday, April 22, 2005 3:01:00 PM, Anonymous Anonymous said...

When PPI was producing and earning a lot through selling of Edu. Trad. Grepalife recieved ample of ORC due to parent co. Where are you now Grepalife as a parent? Had you done something as a parent to save PPI? Or you are a part on the diversion of fund to Lifetime Plan.
Lifetime Plan and Pacific Plan are the exactly the same.Grepalife why not return the ORCs given to you or you yourself don't have money?

At Friday, April 22, 2005 4:02:00 PM, Anonymous Anonymous said...

Saw the Dong Puno show April 21, 2005. Some of the Insurance guests like the Loyola Plans people, Head of the Insurance Assoc, Philam people missed the point. They said that plan holders should choose a reputable company so that they will not experience these kinds of problems we're having. That's what we, PPI planholders did! We chose a Yuchengco company over other companies, like CAP which is quite new! The Yuchengco's have been around since the days of my father & grandfather. I often visit their RCBC building in Binondo! They are a very reputable and strong company. Who else would you consider to trust your money with? Unfortunately, they sold themselves out. If the SEC and the other insurance companies don't come help us PPI plan holders and pressure the Yuchengco's, all of them will suffer. This thing should not have happened in the first place (PPI moving assets to a new company). The guests are just paying lip service and plugging their products. If PPI can move assets away and into a new company, what will prevent Loyola, Ayala, Philam, others from doing the same, especially when the going gets rough? I also read the new "brochure" of Lifetime Plans, talking about being a Yuchengco company, backed by 400thou++ planholders, one of the largest insurance companies, etc, etc. Again, just lip service. If they start losing money, they'll move their assets AGAIN to another new shell company. It will never end. Oh by the way, I tip my hat to the Yuchengco's. That's one of the best accounting and corporate slight of hand I've seen. Better than David Copperfield magic! I salute you. We should give them an award.

At Friday, April 22, 2005 9:26:00 PM, Anonymous Anonymous said...

Which is more important integrity or money? The Yuchengcos has given us their answer. I wouldnt be surprise if they would sell their soul to the devil just to keep their money. Yuchengcos you can now stop acting your true color has finally come out.

At Friday, April 22, 2005 9:35:00 PM, Anonymous TLS said...

To all the Fil-Chinese people whom I've maligned, who have stood up in defiance and who have shown that during times like these, "race" is not and should never be a factor, especially in a fight against an inhuman and inhumane corporate monster that is the YGC group, my sincere apologies. However, I did want to touch a raw nerve and bring out the gut emotions of people to find out if we were united in this fight. And it was important that people stand up and leave behind the "labels" and cross that thin line to establish what side they were on. Our Filipino culture speaks very deeply of our ties, whether it be region-wise,in terms of ethnicity or even as shallow as in terms of which school or alma mater. Such "barriers" need to be transcended in fights such as this.
Also, I'd like to let people think otherwise of our need for "emotions". When we sit down at the negotiating table or stand up in the court of law or begin auditing the paper trail and financial shenanigan done by the YGC group, let's use facts, let's cite figures, let's bear down on them with cold logic and pierce arguments based on reason. That's all fine. But remember, we need to heighten emotions, stir up the passivity in most people, express the gut-wrenching anger, if only to keep this fight alive and to bring it to greater heights. Last night in the Dong Puno show, that was the intention. We didn't want a calm, collected and emotionless group spewing out technical details and asking for "paper shuffling" in the courts. Remember, that show was as much show business as any other forum in this country, whether it be in the halls of justice or the senate. Meaning, and please, don't tell me people can't read between the lines here and get insulted again: we need to touch hearts and not just minds of people in this fight. Sometimes, you need to make an emotional spectacle and knock on the hearts of people FIRST, before you can begin unlocking the doors to their mind.

At Friday, April 22, 2005 10:48:00 PM, Anonymous Anonymous said...

how can so few cause so much misery to so many people...
how can so few pilfer so much from so many people

At Friday, April 22, 2005 10:57:00 PM, Anonymous Anonymous said...

How i wish i had an RCBC account just so i can close it.

At Friday, April 22, 2005 11:00:00 PM, Anonymous Anonymous said...

What are the chances the top gun, Mr. Alfonso Yuchengco, doesn't know what's happening?

At Friday, April 22, 2005 11:18:00 PM, Anonymous Anonymous said...

I have three educational plans - one CAP and two PPI's. When the CAP fiasco started, I considered myself lucky to have the foresight to have invested in two Pacific educational plans backed up by the solid financial strength of the vast YUCHENGCO conglomerate.
Today, the YUCHENGCOS are as strong as ever financially.... but am I still lucky?

At Friday, April 22, 2005 11:28:00 PM, Anonymous Anonymous said...

Ang pikon, talo. That is a truism we are all familiar with. In this fight with the powerful THIEVES who have stolen our kids' future, we must be deliberate and methodical in getting back at them. A few ideas...

point 1. There are supposedly 35,000 of us traditional plan holders who were shortchanged by YGC. If just 50% of us gave P100 each, we can raise P1.7m which can buy several big billboard spaces on EDSA, a couple of full page ads and quite a few leaflets we can hand out to publicize how we were cheated by the crooks of YGC. Lawyers among us can screen what we will put in the billboards for any libelous materials. Admen/copywriters can do the copy that will be put out in the billboards/full page ads for maximum effect.

point 2. All these YGC people live somewhere, belong to neighborhood associations, social clubs etc. Lightning rallies/pickets near the gates of their communities or even in their front gates identifying them as the THIEVES who stole our kids' fututre so as to expose them to social pressure could produce results.again, advise from our lawyer friends on the limits of free expression would be appreciated.

point 3. handing out leaflets while walking the major malls or even in the vicinity of YGC businesses can publicize our battle and alert the people to the brutal and heartless character of the YGC.

We can not fight the YGC in an arena they control. We can not fight them on equal terms in the courts, not in media, certainly not in government (witness the inutile SEC). No matter how hard we try, we will always lose. We can only win if we go thru avenues they have no control over.

Please think about this. I am sure there are other ideas on how to get back at the THIEVES who stole our kids' future without going thru the avenues they control.

At Friday, April 22, 2005 11:29:00 PM, Anonymous Anonymous said...

At the end of the day, the YUCHENGCOS will sleep soundly in their sprawling Forbes Park mansions.... life is neither hard nor harsh... it's cruel...

At Saturday, April 23, 2005 12:31:00 AM, Anonymous Anonymous said...

BTW, why do you think they chose the year 2010 as the repayment year? PGMA's last year!

At Saturday, April 23, 2005 12:40:00 AM, Anonymous Anonymous said...




At Saturday, April 23, 2005 7:34:00 AM, Blogger ceteris paribus said...

"How can so few people cause so much misery?", asks the poster above.

It is really simple. We, as a society allow corruption to fester. We do not vote responsibly. We patronize corrupt TV news programs that give us smut and tabloid journalism instead of insightful views.

We allow the social elite to take advantage of the common man. We in the middle class have always looked the other way because it really didn't affect us. We're comfortable - got the house, the car, food on the table, kids go to good schools, etc.

This is proof that corruption, be it from government or private sector, affects us all. Often we wait too long before we complain about it.

At Saturday, April 23, 2005 12:11:00 PM, Anonymous onewithallofyou said...

In answer to this:

"BTW, why do you think they chose the year 2010 as the repayment year? PGMA's last year!"

The NAPOCOR bonds mature in year 2010. But, there's a possibility that the peso value of these US dollar-denominated bonds might again be insufficient to cover even the much reduced amount they are now proposing to pay existing planholders.

At Saturday, April 23, 2005 12:46:00 PM, Anonymous Anonymous said...

Anonymous is right in calling this tragic event an economic sabotage. However, I believe that this was not the old man's doing. Who is next in line? Who stands to gain after the "untimely" demise of AY? Helen Yuchengco-Dee married to ChinaBank's president Peter Dee? Maybe even ChinaBank should dig deep onto its pocket and shell out money to help PPI of which it has an obvious "marital" relationship with and similar shareholders, I believe so!!! I believe that this "heir" to the throne is behind all this manipulative scheme thought up to maliciously fool the Filipinos and divest them of their hard-earned money. This may be inane but,, if true, God forgive her soul...

At Saturday, April 23, 2005 3:10:00 PM, Anonymous Anonymous said...

Let us have realistic goals.

Personally, getting better exit package/s than the one they are offering is one. Second, is an admission that they tried to put one over 34,000 planholders, hoping they can preserve the profitable business while saving face at the same time.

The PPI principals are likely out of the country already.

Our battle will be a lonely one. A typical PR strategy is to point to 34,000 holders of open plans as the cause: if they can deliver promises to 400,000 fixed value planholders , thousands of employees under the YG Cos as the cause of business losses, less business with companies rendering service to the YGC.

Assuming we the 34,000 are initally successful, stage 3 of the campaign for PPI is to divide and conquer. Offer separate settlements to those among us with financial/social/legal clout. Threaten media with an advertising boycott. Sweetheart deals to legislators.

But we have to wage the fight. Otherwise, "palabra de honor" will be a lost value to our children. Fight for a better deal and let's move on with our lives.

God Bless Us All

At Saturday, April 23, 2005 4:20:00 PM, Anonymous Anonymous said...

I just learned from a very reliable source that even Susan Yuchengco Santos sister of Helen Yuchengco Dee as being a planholder that was also victimize by these fiasco.
It is very clear now that Helen alone is the mastermind of all these. While our plan to challenge Pacific legally is very much welcome. However, it will take a long time and costly as Atty. Ongkiko mentioned in our meeting. Can I suggest that if any planholder among us know anybody affiliated with the Alex Boncayo or the Red scorpion group. Why not furnish them the events that took place together with the home and office address of Helen Yuchegnco.

At Sunday, April 24, 2005 12:04:00 AM, Anonymous Anonymous said...

How come nobody brought up the fact that Amb. Al Yuchengco recently launched his book entitled "Leaving a Good Name" ?
Isn't it tragic ... and funny at the same time?

At Sunday, April 24, 2005 2:30:00 AM, Anonymous Anonymous said...

 Re Ownership of Pacific Plans, Inc.
o PPI is a corporation duly organized under
   SEC engaged in selling educational and other
   pre-need plans.  Recently it limited its product to
   servicing (not selling) the requirements of holders
   of traditional open-ended educational plans only
   (sold up to 1992).

 o The servicing of fixed value educational
     plans (sold since 1992 up to present) and other
     plans (pension, memorial) has been transferred to Lifetime Plans, Inc. which maintains adequate trust funds and liquidity to its planholders

o PPI is not a subsidiary of RCBC.  It is a
separate and independent company which is minority owned (49%) by GPL Holdings (a member of YGC).

Re PPI Rehabilitation Plan

o PPI's rehab plan is limited to traditional
 open-ended educational plans.

o The root cause of the problem in servicing
    the open-ended plans is the deregulation of tuition fee increases allowed private schools starting 1990.  The higher tuition fees (average of 16%) availed of by planholders could not be covered by the original funds paid by the planholders plus the
returns (11 - 14%) earned by investing the funds.
PPI recognized this shortfall by proposing a rehab
plan to the trial court which will not prejudice
its remaining planholders.

o Without additional cost, the open-ended
   plans will be replaced by fixed value plans.  The
   new plans will give planholders their money back
   plus 7% annual return up to 2010.  These are fully
   transferrable until 2010.

o For availing planholders at present,  PPI
   rehab plan includes a tuition fee support for the
   coming school year which will be treated as an
   advance against the total value of the fixed value

o The fixed value plans are backed by trust
   funds invested in government-guaranteed bonds
    maturing in 2010.

o The option of liquidation - selling PPI
   assets (i.e., bonds) and distributing the proceeds
   to the planholders - is not viable nor beneficial
   to the planholders as the value of the bonds at
   this time is far less than their face value at

Re Pre-Need Industry

o Compared to other pre-need companies (e.g.,
  College Assurance Plan) which are still fighting
  battles with SEC, PPI opted to "bite the bullet" by
  adopting a proactive SOLUTION to prevent further
  dissipation of its resources.  The mismatch of
  tuition fee benefits versus trust funds is bound to
   worsen rather than improve in the future.

o PPI' s rehab plan recognizes its obligations
   not only to availing planholders but also to those
   who will avail in the future.  Therefore, the
   requirements of both groups are addressed.  PPI
   will not utilize trust funds to cover future
   obligations to provide liquidity to currently
   availing planholders ("rob Peter to pay Paul").

o While PPI's rehab plan could not guarantee
   the provision of the original tuition fee benefits
   to planholders, it nevertheless guaranteed the
   return of the planholders' accumulated savings plus a reasonable return (higher than interest rates on savings deposits).

Re Schools Accepting Pre-Need Plans

o PPI is arranging with schools (e.g., Mapua)
   to accept PPI fixed value plans maturing in 2010 as payment for tuition fees of planholders' children.
This will minimize the negative impact on
enrollments in private schools.

At Sunday, April 24, 2005 3:42:00 PM, Anonymous Anonymous said...

who are the owners of exemplar holdings which allegedly owns 51% of pacific plans?

At Sunday, April 24, 2005 7:44:00 PM, Anonymous Anonymous said...

For everyone's information, Helen Yuchengco has long been separated from Peter Dee of China bank. I also heard that her only child died sometime earlier. Therefore, she has no heart and soul to keep.

She does not know the meaning of responsiblity for one's children since she has none. She doesnt have love for the longest time, being long separated from Peter...I believe its been 15 or more years...

Now you go figure. She just wants her money, and a lot of it... to last her 10 lifetimes.....

At Sunday, April 24, 2005 7:50:00 PM, Anonymous Anonymous said...

Exemplar holdings or whatever the name of the new company is, is owned by some nominated lawyers, who one way or another is connected to the Firm (own by Mike Arroyo) So you see people... all actions have been planned carefully since last year...And dont tell me SEC didnt smell anything here, except money, i should say....Remember GMA steps down in 2010 and guess what? we also get our money in 2010, if Napocor is still around by that time...

At Sunday, April 24, 2005 8:04:00 PM, Anonymous Anonymous said...

"Now you go figure. She just wants her money, and a lot of it... to last her 10 lifetimes....."

yup! . . . ten lifetimes in HELL!!!

At Sunday, April 24, 2005 11:05:00 PM, Anonymous Anonymous said...

Both the Filipinos/Chinese are victims of they invest in pre-need insurance. I am a victim. They are all nonsense. They made promises but did they try to fullfill them? Look at CAP and PEP. If I have the change to turn back the time, I will never invest in them. Look at the sales counsellors, they have fooled us. Where are you now? You are the one to fooled us to be in their lousy and inhuman attitude...
Why not talk to the Pacific Plans this time in our behalf? what do you say planholders!!!!!!!

At Sunday, April 24, 2005 11:44:00 PM, Anonymous Anonymous said...

heard that the child of Helen Yuchengco who passed away committed suicide. Plus the failed marriage with Peter Dee of China Bank, Helen, haven't you learned enough in life? Wake Up!!!

At Monday, April 25, 2005 1:24:00 AM, Anonymous Pam said...

Stop aplogizing for Pacific Plans. The issue is about CONTRACTUAL OBLIGATION. Don't give us those fancy words "bite the bullet" or "grab the bull by the horn." If the Yuchengcos really wanted to bite the bullet they would have fulfilled that contractual obligation, legal and moral, by converting assets to cash.

Too late for you now to put a spin to this. Sino ka? Do you work for Suzanne Santos or Helen Dee?

At Monday, April 25, 2005 1:29:00 AM, Anonymous Anonymous said...

By the way, my husband and I were watching a movie at Rockwell the other day. We saw Rizalino Navarro enjoying the movie. He had such a smug look on his face. Sarap sapakin. I wanted to ask him in front of everybody what he knows about corporate governance.

Feel free to email Rizalino Navarro at

He is nothing more but a hired stooge of the Yuchengcos to deodorize themselves.

At Monday, April 25, 2005 11:44:00 AM, Anonymous Anonymous said...

All the maneuvers done by Pacific Plans could not have been done by one person, without the knowledge and consent of its board. Therefore, it is not just Helen Dee who should be held responsible but the entire morally bankrupt board. Rizalino Navarro, Cesar Virata-- you ought to be ashamed of yourselves! Don't talk to anyone about corporate governance -- you can not even spell those words!

At Monday, April 25, 2005 4:39:00 PM, Anonymous Anonymous said...

When I looked at the YGC Group of Companies website, guess what? Pacific Plans Inc is now bunched up under Grepalife and are the Board of Directors - Gov.Gabriel Singson, Susanne Y. Santos, Ramon Bagatsing, Jr., Francisco Eizmendi, Jr., Rizalino Navarro, Margarito Teves, Adelita Vergel de Dios, Teofilo Villonco Jr, Yvonne S. Yuchengco. We should picket in front of their homes and really scandalize their neighbors. I'm sure they knew what was really happening to Pacific Plans finances for a long time, but they thought parents would put up with it like what happened to CAP. Any suggestions, parents? What should we do to bring them to jail? SEC is gumless and toothless...

At Monday, April 25, 2005 5:07:00 PM, Anonymous Anonymous said...

Here are some of the Yuchengco companies. How healthy are all these companies? Ilan kaya ang naloloko nilang mga tao na invest ng invest, tapos wala ring pera in the end? Would you trust that your money is safe in these companies? Please think hard!!!!

RCBC and its affiliates - RCBC Savings Bank,RCBC Capital Corp Investment Bank,RCBC Securities Inc (Stock Brokerage), RCBC Telemoney Europe (Europe Remittance Center), Bankard Inc (Credit Card Corp),RCBC Forex Broker Corp (Forex Brokers), RCBC Intl Finance Ltd (Hongkong Finance Co), RCBC California Intl (USA Remittance). GREPALIFE Life Insurance and its subsidiaries- Nippon Life Phil (Joint Venture Life Ins Co), Pan Pacific Computer Center (Computer Software Co.),Grepaload Inc (Realty Corp). Malayan Insurance Co and its subsidiaries - Malayan Reinsurance Corp (reinsurance co), Malayan Intl Insurance Corp Ltd (reinsurance co.),Malayan Insurance (HK)Ltd, Malayan Insurance Co (UK) Ltd, First Nationwide Assurance Corp (non-life insurance), Malayan Zurich Insurance Co (joint venture non life insurance),Tokio Marine Malayan Insurance (joint venture non-life insurance).ABN Amro Bank,EEI Corp, MAPUA, Manila Memorial Park,Pan Malayan Travel and Tours,House of Investments, Inc.

At Monday, April 25, 2005 6:03:00 PM, Anonymous Anonymous said...

"Pillars of Society"????


At Thursday, April 28, 2005 11:14:00 AM, Anonymous Anonymous said...

Here's what I am afraid of...

They say that the fixed value plans are backed by NAPOCOR bonds. How close is NAPOCOR to default?

At Thursday, April 28, 2005 11:53:00 AM, Anonymous Anonymous said...

is it true ygc considering moving napocor bonds to lifetime and profitable trust funds of lifetime to ppi as a way to meet all obligations ? also to lobby tuition fee increase to be fixed at 10% ?

At Thursday, April 28, 2005 6:12:00 PM, Blogger PARTY OF ENLIGHTENED PLANHOLDERS (PEP) said...


We have created a blogspot for us

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 6:37:00 PM, Anonymous Anonymous said...

Be careful of the the supposed party of enlightened planholders who are pro-rehab. They named themselves PEP -- to sow confusion among the real PEP coalition anti-rehab group. We have to question the motives of the pro-rehab group for intentionally using the same PEP of the anti-rehab coalition.

They are also NOT THE SILENT MAJORITY. Only 100 pro-rehab people showed up in the PPI meeting and more than 2000 multiple plan holders showed up at St. Pauls'.

No one can claim who the silent majority is with (pro or anti rehab) because they are not voicing out their position.

BEWARE these sowers of intrigue.

At Thursday, May 05, 2005 9:44:00 PM, Anonymous Anonymous said...

Oh, so that's why Helen Yuchengco is such a sea hag. Life has been cruel to this poor little rich girl. Now, she wants all of us to be miserable like her.

By the way, if you have Bankard and My Dream JCB credit cards, you can do either:
1. Cut the damn card in two if you can afford to pay the balance in full.
2. Transfer your balance to Citi, HSBC or BPICard.
Let us not allow the Yuchengcos to even derive one centavo from our hard earned money.

At Thursday, May 12, 2005 9:29:00 AM, Anonymous Anonymous said...

FYI: Helen Dee has 2 children. One committed suicide & the other was kidnapped & released immediately about 2 years ago. Makes one wonder how much she paid for the immediate release? Ms. Dee should put up her own personal funds to answer PPI's obligations. Also know from a reliable source that not all the siblings were decision-makers in the PPI fraud. Also heard some people (friends of the family who are planholders) are approaching Yuchengco family members on a one-on-one basis to work out individual deals so that they get the money due them.

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At Wednesday, March 03, 2010 4:15:00 PM, Anonymous Anonymous said...

Late last year, RCBC replaced its systems with a multi-million dollar software. That is where all our money is going. To think, some bigwig in IT forced the issue in getting this system for some consideration. Guess who the supplier is? TIM... of Smartmatic fame ...

At Monday, October 10, 2011 4:34:00 PM, Anonymous Anonymous said...

Marco Yuchengco Santos a.k.a. MySABOG, heir to the Yuchengco Group (in his dreams) was caught by authorities trying to extort money from a Singapore based filipino. The modus operandi as the leader of a hacking syndicate showed that Marco Sabog created bad blogs and took over identities of users on facebook and yahoo and would only stop if you paid him money so he could buy drugs. Are you telling me that the Yuchengco name is a respected name?

At Thursday, October 20, 2011 8:01:00 PM, Anonymous Anonymous said...

this Marco Yuchengco Santos aka mySABOG thinks with his little pedigree he can just steal from us -


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