Wednesday, April 20, 2005

Vic Agustin has got it right! At least he is one journalist who is fulfilling his duty to serve the public good! Where are the other fine and learned, not to mention well paid journalists and commentators? Nabayaran na ba sila? Baka pera natin yung ginamit na pambayad!!!! grrrr


Victor Agustin
nquirer News Service

Pacific cut

THE FLOUNDERING Pacific Plans Inc. is offering plan holders who are willing to wait for five years -- or up to 2010 -- interest of 7.0 percent on their educational plans.

On Tuesday there was a small ad in the Inquirer, from Philippine Savings Bank, offering a five-year "Prime Time Deposit" account at 8.5 percent earnings, guaranteed.

In other words, after all the hours spent receiving investment counseling from pushy pre-need agents, Pacific Plans shareholders would have made more money on their money by simply parking their cash in a bank or, even better, by buying the Treasury bills or other government debt notes themselves.

As part of a rehabilitation plan, Pacific Plans is asking its plan holders to wait for 2010 encashment since that is when the underlying securities, dollar-denominated bonds of National Power Corp. (Napocor) shall mature.

What Pacific Plans has not been telling its remaining 34,000-shareholder base is, that when the debt papers were issued in July 2002, the Napocor bonds offered a whopping 11.1-percent yield.

According to the grapevine, Pacific Plans came to acquire the Napocor 2010 only later in the game, when the yield was down to 9.19 percent. Still, between 7.00 and 9.19 percent represents a 2.19-percentage-point spread, which presumably went and will still go to pay for salaries plus bonuses, administrative / operating / marketing expenses, and, of course, sales commissions.

21 Comments:

At Wednesday, April 20, 2005 9:56:00 PM, Anonymous Anonymous said...

Have you noticed the barrage of advertisements and "praise" releases extolling the strength nd virtues of the other companies under the YGC Group?
Businessworld Headlines "RCBC to Expand".
Its sickening!!
The Press has been bought!!

 
At Wednesday, April 20, 2005 11:48:00 PM, Anonymous Anonymous said...

yup certainly media has been silenced by wads of money even before this thing exploded. very obvious indeed!

 
At Thursday, April 21, 2005 12:44:00 AM, Anonymous Anonymous said...

Yup! I agree that media has been bought...they are too quiet for comfort! Puro "press release" ng ibang company nila ang lumalabas or none at all.

 
At Thursday, April 21, 2005 2:02:00 AM, Anonymous Anonymous said...

ONE OF THE MEMBER OF YGC GROUP IS MAPUA INSTITUTE OF TECHNOLOGY (MALAYAN COLLEGE IN YEAR 2010)- WHY DON'T THEY (PPI AND THE YUCHENGCO) MAKE ALL BENEFICIARY OF THE TRANDITION EDUCATION PLAN A BONAFIDE SCHOLAR OF THIS INSTITUTE, IT HAS HIGH SCHOOL AND COLLEGE COURSES EVEN CAREGIVER COURSES AND NURSING. I THINK THIS IS A WIN WIN SUGGESTION.

PLS TELL THIS TO AMBASSADOR YUCHENGCO AND THE BOARD OF PPI

 
At Thursday, April 21, 2005 9:02:00 AM, Anonymous Anonymous said...

CORRECT! however, are we also "assured" and "guaranteed" that the quality of our kids' education won't be jeopardized? considering that helen dee might be interested in running it again? considering that mapua is not only trimester but quarterly, meaning 4 terms in a year!

 
At Thursday, April 21, 2005 12:53:00 PM, Anonymous Anonymous said...

Help please... I do have a copy of the Phil Star July 2003 issue with me. I have scanned it and wld like to post this in the site. I'd like to know how to do that.
Anyone, please help.

 
At Thursday, April 21, 2005 12:57:00 PM, Anonymous Anonymous said...

Re: Plan turned to scholarship at MIT.

I'd prefer cash. Sorry but I'd like to choose where my child goes to school (or let her choose of course). If it turns into an MIT edu plan ... money goes back to the YGC Group. At this point, I want my money and then don't want to have anything to do with them.

 
At Thursday, April 21, 2005 2:04:00 PM, Anonymous Anonymous said...

lets pull out all our investment in RCBC as a sign of protest. If they can to it to PPI. they can also do it in RCBC, by that time it would be late for us to take any action

 
At Friday, April 22, 2005 4:17:00 PM, Anonymous Anonymous said...

mag ingat kayo kay vic agustin -- kung bayad ang media, lalo lang yan. nagpapataas lang yan ng taripa kaya bumabanat. i should know -- malaki ang ginastos ko dyan para di lang ako siraan

 
At Friday, April 22, 2005 6:40:00 PM, Anonymous Anonymous said...

Filling a case will take alot of cash out which most us don't have right now since we have to look for other source of cash for the tuition fees of our kids.

Yet, I agree to be as one with the group in filling "breach of contract" and other possible cases.

Probably we can ask some lawyers in the group to do it pro-bono (free.

At present, to take extra-legal steps, I suggest that we boycott all Yuchengco Group of Companies: i.e. RCBC, Mapua, Malayan Insurance, Funeraria Paz, etc. etc.

Probably we can call this act of protest as BYG as in Boycott Yuchengco Group!

 
At Friday, April 22, 2005 9:18:00 PM, Anonymous Anonymous said...

Soory wasn't able to watch Dong Puno and read the Phil Inquirer. But as a former agent fo Pacific Plans and as a plan holder. There are point of clarification that should be known to us. Pacific Plan is no longer YGC and the only plan that is under Pacific Plan is the traditonal education plan. What happen to the pension plan, memorial service and also cremation? Accdg to them, it is under the jurisdiction of Lifestyle a YGC subsidiary. It makes you wonder who is the owner now fo Pacific Plans and why wasn't the resource funds of the other plan place under another co., what's going on?

 
At Monday, April 25, 2005 9:15:00 AM, Anonymous Anonymous said...

Did you notice that a few days after Vic Agustin published his "expose" about Pacific, he greeted Ambassador Yuchenco HAPPY BIRTHDAY in the same column? Mukhang nabayaran na rin!

 
At Monday, April 25, 2005 3:44:00 PM, Anonymous Anonymous said...

well that gives you an idea on how Victor Agustin works and his character. di ba may advise na earlier on his true self. word of caution for all of us on these so-called media crusaders.

 
At Tuesday, April 26, 2005 3:19:00 PM, Anonymous Anonymous said...

can we create another site like this? but this time it should be no_to_ygc

 
At Wednesday, April 27, 2005 12:02:00 PM, Anonymous aloysius said...

the idea of redirecting our efforts to the whole YGC could be a misdirected effort. Why? Because in the first place, those corporations have their own corporate identities. Question = kung nalulugi ang Meralco, would the Lopez Group of Companies sell ABS-CBN just to cover the liabilities of Meralco? Of course, hindi! Nadadala lang tayo sa mga organizers na karamihan ay mga exlusive planholders. Di ba nagtawag pa sila miting sa ICA-Xavier. Kasi dun sila nagiisip ng schemes to put one over us, non-exclu clients. Remember, pag binayaran silang lahat, walang maiiwan para sa atin. Ito ang mga taong bumili ng planong worth 50thou yet have availed of nearly 400thou na. I should know, ung pinsan ko may ganyang plano at currently availing pa, pero d sya mayaman gaya ng mga oranizers kuno pero nakita nya na ung tinubo ng pera nya. Ngayon pag kumunha pa itong mga sangkatutak na exclu clients, wala ng makukuha ang mga non-ex gaya natin

 
At Wednesday, April 27, 2005 10:27:00 PM, Anonymous ICA PARENT said...

To aloysius,
Bakit ka nagagalit kung tatawag ng miting ang mga ICA-Xavier parents? lahat tayo may freedom para mag miting. Ikaw, kumuha ka rin ng mga magulang ng iskuwelahan mo para mag miting. Lahat tayo biktima dito.. Nag bayad din kami.. kagaya mo. Nag hahanap ka lang ng kaaway, dito pa, at saka sa mga biktima din....
Maraming mga magulang na nagpaaral sa mga anak nila sa ICA-Xavier ay hindi rin mayayaman.... Kaya nga kami bumili ng Plans eh, para maka menos gastos....Baka hindi mo alam iyon.. Bago ka mag salita ng ganyan pakinggan mo muna yong sarili mo, o kaya basahin mo muna yong sinulat mo bago i padala dito... Ang tingin ko sa iyo, sobrang stress ka na at galit sa mundo. At saka since hindi ka maka tira sa YGC group (hindi ko alam kung bakit.. tingin ko taga loob ka!!!) tinitira mo ang mga ibang magulang.. Magising ka sana sa katotohan....

 
At Thursday, April 28, 2005 11:59:00 AM, Anonymous ex ygc ass kisser said...

to aloysius : dont worry. compromise solution studied by ygc wherein napocor bonds will be given to lifetime and trust fund money of lifetime will be given to ppi. this way ygc can pay all his original obligation and leave a good name - ano nga pangalan niya uli ? from : ex rcbc employee who used to kiss his ass to move up corporate ladder

 
At Thursday, April 28, 2005 6:37:00 PM, Anonymous Anonymous said...

ex ygc ass kisser said...
to aloysius : dont worry. compromise solution studied by ygc wherein napocor bonds will be given to lifetime and trust fund money of lifetime will be given to ppi. this way ygc can pay all his original obligation and leave a good name - ano nga pangalan niya uli ? from : ex rcbc employee who used to kiss his ass to move up corporate ladder

The way you talk, you are still KISSING HIS ASS. hahaha. You are probably one of the architects of this disaster.

 
At Wednesday, May 04, 2005 10:13:00 PM, Anonymous Anonymous said...

The class suit against the College Assurance Plan (CAP) principals was recently raffled off to the sala of....guess who?...the same judge who issued the PPI stop payment order. What a coincidence or was it?
Judge Romeo Barza, formerly a law partner of Pancho Villaraza of The Firm.
PPI Spokesman Janette Tecson was also a member of that law firm.
The Yuchengco group's legal retainer is THAT law firm.
Hands-off dito si GMA. Poproteksiyonan niya si Yuchengco!!

 
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