Wednesday, August 24, 2005

Farewell to YGC

It is with deep regret that we are informing the readership that the good faith negotiations that PPI requested a few weeks back (with much fanfare on their part) has broken down. The breakdown is due to PPI's failure to follow up on their representation that they would advance an offer which improved upon their discredited original rehabilitation ploy.

Therefore, the PEP Coalition negotiation team has withdrawn as of today, 24 August 2005, from the negotiations following the PPI's failure to deliver on its representations.

We are filled with a terrible sense of unease as well as deep disappointment as we are witnessing the shattering of a pillar of Philippine society. For reasons known only to themselves, YGC has decided on a walk-away strategy and risk the exposure of their entire franchise of trust and fiduciary businesses to troubling questions and doubts regarding the strength, quality, and integrity of contractual obligations they make with their customers.

It is back to the battle lines.

221 Comments:

At Wednesday, August 24, 2005 5:59:00 PM, Anonymous DIEGO said...

In reaction to:

Agree with what you said. But how much money as a percentage you willing to settle for?

Personally, I am happy getting at least 80% of the current tuition fee rates. I guess this doesn't matter anymore.

What disturbs me more is the coalition's reaction to:

"PPI only offering the Napocor bonds - in short the same old rehab proposal to all plan holders."

Isn't this the gist of the negotiations that Napocor Bonds will remain and we will just find a way to loan against this? Did the coalition demand more than what was stated in the joint press release?

Lifting from the press release:

"Vic Ortuste, a member of the PEP Coalition financial team, said that
one possibility was to use PPI's Napocor bonds as collateral for a
loan.


"We have to look for a way to liquefy the bonds without selling
them. An example is taking out a loan against it (bonds)," he said."

If you look above, it was from the original line of thought that the Napocor Bonds will remain. How come negotiations have veered away from this? Was the 2/3 of the planholders who wanted to get their money back represented in any way in the negotiations or is it the 1/3 of the planholders who want a criminal suit doing the negotiations?

 
At Wednesday, August 24, 2005 6:10:00 PM, Anonymous Anonymous said...

In this one month of supposed "good faith"" negotiations by PPI with the coalition, they had managed to bring back some of the deposits they lost in the initial wave of negative publicity. RCBC's stock price, which fell to the P10 level in early July (and which hardly traded some days) jumped in price and volume the day a joint agreement was made to start talks. Trading volumes hit the 600,000 mark in mid August, trading as high as P17.75.

So, while we were negotiating in good faith, they used the quiet time to make even more money, then dump us once again.

If any of you reading this still have a single centavo in any of their companies invested in whatever way, you now know their word is MUD. And you know what you should do.

Even the Chinese community will spit them out as they do not show the kind of honor that the Chinese hold so dear.

To HYD and your cohorts, watch us....you have destroyed what little trust we had left that you were trying to right a wrong. Your GREED FOR MORE MONEY will be your own downfall.

 
At Wednesday, August 24, 2005 9:16:00 PM, Anonymous Anonymous said...

Then so be it. Back to the battlelines it is.

 
At Thursday, August 25, 2005 1:41:00 AM, Anonymous Anonymous said...

makibaka!!!!huwag matakot!!!

 
At Thursday, August 25, 2005 8:07:00 AM, Anonymous Anonymous said...

hay naku! makibaka na nman. buti kayo at kaya nyong gumastos araw araw at hindi pumasok sa trabaho.

i'm out of here!

 
At Thursday, August 25, 2005 8:47:00 AM, Anonymous Anonymous said...

SEC tightens watch over pre-need firm
By Zinnia B. Dela Peña
The Philippine Star 08/25/2005

Another pre-need firm has come under fire from the Securities and Exchange Commission (SEC) for its failure to submit pertinent information regarding its financial health, fuelling speculations it is facing liquidity problems like what other firms that sold open-ended plans are presently experiencing.

Tightening its noose on errant firms, the SEC has issued an order directing pre-need firm TPG Corp. to explain why no administrative sanctions should be imposed against it for failing to submit its actuarial valuation report (AVR) and annual financial statements.

The AVR is deemed important because it is used as a tool in determining the solvency of a pre-need company.

"When a pre-need company is remiss in filing its financial statements and AVR, this would only mean that it is in financial distress," an SEC official said.

TPG is the sixth pre-need firm issued a show-cause order by the SEC for violation of the rules governing pre-need plans.

The companies that were earlier issued a show-cause order are College Assurance Plan Phils. Inc., AMA Plans, Primanila Plans, Pryce Plans and Platinum Plans.

The SEC has been keeping a close watch on pre-need companies, following the collapse of the Yuchengco-owned pre-need firm Pacific Plans and Platinum, to safeguard the interest of the investing public.

TPG is set to meet with SEC officials to make a presentation on its financial position.

TPG, which owns Professional Financial Plans, has introduced a new plan called Scholars Trust Fund with Equitable Pay-out for Unified Prevention(STEP-UP) intended to address the problem of continued availments by planholders of open-ended educational plans and ensure that more scholars still benefit from their plans.

TPG said the program, which proposes a 15-percent cap on the average return on gross price for planholders, ensures equitable pay-out to both availing and non-availing planholders. It currently has about 20,000 planholders.

TPG is likewise in the final stages of completing a program that calls for preserving the company’s trust fund and reserving a portion of planholders’ availment benefits as equity in the company.

"The STEP-UP program seeks to define the allocation of availment benefits based on the priorities and concerns of the scholars. At the end of the day, availment benefits may not be based on actual returns but rather a balance between both returns and liquidity," TPG said.

TPG’s STEP-UP program was adopted following a resolution submitted by the Philippine Federation of Pre-Need Plan Companies, Inc. (PFPPCI) to the SEC, calling for member firms to put a ceiling on open-ended education benefits.

TPG said there has been a dramatic increase in miscellaneous fees, which in many cases account for 30 percent of total availments.

Industry estimates show that without a ceiling on availment returns, only one out of 20 open-ended plan scholars will get a chance to go to school.

"It is this situation that provided us with a framework for a program that redefines pay-outs to planholders," TPG said.

PFPPCI officials said the uncontrolled tuition increase that began in 1993 had inflicted great damage to the pre-need industry.

Industry studies on tuition increases in the country showed that from 1990 to 1995, the average tuition increases among private higher education institutions was estimated to have hit 275 percent.

Likewise, records from the Commission on Higher Education (CHED) showed that over the past five years, tuition hikes had averaged 12 percent annually. At this rate, the national average tuition per unit would have risen by 1,257-percent rise since 1990.

 
At Thursday, August 25, 2005 8:53:00 AM, Anonymous Anonymous said...

"hay naku! makibaka na nman. buti kayo at kaya nyong gumastos araw araw at hindi pumasok sa trabaho.

i'm out of here!"


OOOOHHHHH, PAID HACK IS BACK!

Your boss has been dealing with us IN BAD FAITH all along. Your presence, after a long hiatus...and just a day after negotiations were called off....proves that YGC is back in action and in full force to bring down the coalition!!!

 
At Thursday, August 25, 2005 11:52:00 AM, Anonymous Anonymous said...

OOOOHHHHH, PAID HACK IS BACK!

Your boss has been dealing with us IN BAD FAITH all along. Your presence, after a long hiatus...and just a day after negotiations were called off....proves that YGC is back in action and in full force to bring down the coalition!!!

THAT'S THE TREOUBLE WITH THESE PEOPLE. WHEN ONE VOICES OUT HER OPINION WHICH IS NOT SUITED TO THEIR WHIMS, THEY EASILY TAG ONE AS A 'PAID HACK'. AM JUST A PLANHOLDER WHO WANTS TO GET HER MONEY BACK. WHY DID YOU HAD THE POLL WHEN YOU LABEL THOSE WHO WANT THEIR MONEY BACK AS SUCH.

SICK MIND!

 
At Thursday, August 25, 2005 2:43:00 PM, Anonymous Anonymous said...

Diego

First the Napocor bonds alone maturing in 2010 is not enough to cover the total obligations due to the traditional plan holders.

It is way short of it hence the letters from PPI to each one of us.

Second, I do not think the gist was only to find a way to loan against it. Even if they found ways to loan against it, ie loan 75 cents for every $1 of bond, and that is equivalent of about Peso 2.5 Billion worth, it still would not be enough to cover the plan holders. Coalition estimates at last Peso 5B to cover the plan holders

Third, did the Coalition demand more - of course it did otherwise you and I would still receive the same old rehab plan proposal. You said you were happy w/80% of current tuition. The Coalition asked for at least 100% of 2005-06tuition fees present valued (ie if cost 80K a year for a 4 year HS plan, then 320K cash now).

BTW if you work backwards and take into account inflation or rising tuition of 8% a year compounded till 2010, the offer of PPI thru our letters equals to about 10-15% of what tuition would be in 2010.

Now if you are looking for a liquidity mechanism ie tuition support for next semester or next year, good question - hopefully the 3rd General Assembly we set TENTATIVELY for Sept. 10 will find ways to address this issue.

Lastly,

"If you look above, it was from the original line of thought that the Napocor Bonds will remain. How come negotiations have veered away from this? Was the 2/3 of the planholders who wanted to get their money back represented in any way in the negotiations or is it the 1/3 of the planholders who want a criminal suit doing the negotiations?"

I cannot speak for the negotiating team on whether they veered etc. But I can tell you that the negotiating teams from both sides were looking for a solution that would END the impasse. NONE of the Core Group wanted a long drawn out affair (in other words the 2/3rds was well represented)

However, it was HYDee who shot down EVERY Option presented by her OWN nego team and said in effect - we gave them the figures in the 2010 letters, we will stick to it.

Hope you are clarified on all the issues you raised

Freedom Fighter

 
At Thursday, August 25, 2005 7:00:00 PM, Anonymous Anonymous said...

Anonymous said...
HYD wants a war - Let's give her one that she and old man AY can carry to her grave

Yes, give her your war while we who can't wait for the legal battle ahead will suffer unlike others who can still shoulder their children's education.
Wednesday, August 24, 2005 7:38:32 AM
...I am sorry this has to happen to you and the rest of us. Are you really a victim of the YUCHONGO FAMILY or just one of their paid hacks pretending to be one of us? Being a kicking bag of the YUCHONGO FAMILY and begging all the time makes them more mean and greedy. Did you ever have any solution to this corporate scam that the YUCHONGO FAMILY did to thousands of families and children wanting to go to school? Is there anything better you can do when the YUCHONGO FAMILY used rehabilitation and promised to pay you come year 2010? Or where you just fence sitting all the time and find fault when the negotiation was a dud and you didn’t get your spoil. This is a Classic Case of people who is fast in opposing anything but has nothing to offer as alternative solution to problems others are trying to solve not only for their own sake but for all concern including you, pro bono for your information! Kaya walang manyari sa bayan natin dahil sa mga taong kagaya mo! Maraming kagaya mo sa ating govyerno. Kung hindi ka bayaran ng mga YUCHONGO’S GARAPAL na COMPANYA (YGC). Have you tried begging YGC to pay your scholars tuition fee or have you tried anything aside from whining. Can you prove yourself by posting your PPI plan? You have nothing to fear because its people like you that YGC loves to screw! I know you will surely answer but sorry I won’t spend time for you anymore. I know your type.
…mighty mike

 
At Thursday, August 25, 2005 9:22:00 PM, Anonymous Anonymous said...

Anonymous said...

Yes, give her your war while we who can't wait for the legal battle ahead will suffer unlike others who can still shoulder their children's education.

Who started this whole fiasco in the first place?

PPI

Who sued for a truce as the Coalition was about to file its complaint before the Central Bank?

PPI

Who sat down with the Coalition in Malacanang with the President on national TV giving the plan holders hope for a resolution?

PPI

Have you helped come up with solutions to the problem?

Have you thought of how others like yourself will be able to solve the problem and issue of tuition support?

If you are happy with receiving your money in 2010 - hey go to PPI and tell them. I am sure they can advance the money to you.

Then go figure where you will get the rest to finance your child's education.

If you cannot help but criticize, then go join the CARE group. They get paid by YGC.

Freedom Fighter

 
At Friday, August 26, 2005 1:15:00 AM, Anonymous Anonymous said...

Anonymous said...
hay naku! makibaka na nman. buti kayo at kaya nyong gumastos araw araw at hindi pumasok sa trabaho.

i'm out of here!
Thursday, August 25, 2005 8:07:01 AM
In spite of all the corporate STUPIDITY that the YGC ( Yuchongo Garapal na Co.) did to their financial business empire, they still entertain us with clowns like this guy who is really on time for work and really showing his “sipsip” work record by sending his reply which took him/her probably two minuets to construct, ‘ considering he/she timed in 8 am, opened his/her pc, scanned our website, and composed a short garbage. I don’t blame you guy ‘cause you’re an idiot, not knowing right from wrong. Just the same forgive me for telling you who you are. I know you need the job but please do understand that a grave injustice has been done by your masters. It’s against the Law of Karma! We are just asking for fair compensation on the contract we paid your master. Don’t be part of the Karma your master is indulging. You can help us in what ever small way you can do. You know what to do with people like them so you’re fast growing Bad Karma will be canceled out. I can see that you despise your work with YGC when you said “…kaya nyong gumastos araw araw at hindi pumasok sa trabaho. I’m out of here! Wheu! I really pity you; it’s hard to work on something that’s against your moral standard, right? Any way you know what to do with masters like yours. We’ll be waiting for your awakening. God save you my friend. Tomorrow is your last day of working in hell, it’s TGIF!!! Have a solemn weekend to liberate your soul. Bye and love.
…mighty mike

 
At Friday, August 26, 2005 12:31:00 PM, Anonymous Anonymous said...

ALERT AND ADVISORY:

CARE-ARUGA is the name of the group and with full support of the YUCHDNGCO'S headed by DAVE DIWA and sympathetic to the plan 2010 organized to counter activities of PEP COALITION. CARE-ARUGA is sending letters to PPI planholders recruiting members
so do not be confused.

 
At Friday, August 26, 2005 6:15:00 PM, Anonymous Anonymous said...

PHILIP will be interviewed by ALVIN ELCHICO in his program BUSINESS NIGHTLY at ANC Channel 27 10pm tonight.

Also watch him atINSIDER but not so sure if it will be aired tonight.

 
At Friday, August 26, 2005 10:09:00 PM, Anonymous Anonymous said...

To the PEP negotiating team - YOU"VE DONE YOUR BEST AND I SALUTE YOU. I am besides everyone for the battle. ONWARDS. Let us destroy YGC

 
At Saturday, August 27, 2005 12:51:00 AM, Anonymous Anonymous said...

Let's continue to fight the Good Fight
for the sake of our kids.
Lets bring down the Evil Yuchengco empire down to its knees.
Boycott the Yuchengco Group of Companies!!
Ibagsak ang RCBC!!!
Helen Y. Dee = Child Molester!!

 
At Saturday, August 27, 2005 10:23:00 AM, Anonymous Anonymous said...

TALKS BOG DOWN BETWEEN PRENEED FIRM, PLAN HOLDERS
By CAI U. ORDINARIO, The Manila Times Researcher
ABS-CBN INTERACTIVE
www.abs-cbnnews.com/storypage.aspx?StoryId=14359
Business (as of 1:29 AM), Aug. 27, 2005


Talks between Yuchengco-owned Pacific Plans Inc. (PPI) and plan holders’ group Parents Enabling Parents Coalition bogged down Thursday due to the preneed firm’s refusal to use other investments in covering its educational-plans liabilities.

According to Philip Piccio, coalition president, Helen Yuchengco-Dee, former PPI president, refused to touch their other investments except for the National Power Corp. bonds valued at $51 million and maturing in 2010.

"The deadline was last Wednesday. The negotiations bogged down because Helen Yuchengco-Dee refused to budge on the $51 million," Piccio said. "We will continue to fight, we will go back to the trenches."

Piccio confirmed plans that the coalition would file a case against Rizal Commercial Banking Corp., also led by the Yuchengcos, at the Bangko Sentral ng Pilipinas for bank-related violations, and file individual criminal charges against PPI officials.

Initially, the two parties signed an agreement to secure a settlement within 30 days to pay all PPI plan holders at the current value of their plans, worth around P4.5 billion to P5 billion.

PPI valued its $51-million NAPOCOR bonds, based on a rate of P65 is to $1 by 2010. Using this conversion, it would only amount to around P3 billion to 3.5 billion for the plan holders.

Piccio said that although Dee was correct in saying that the NAPOCOR bonds would be used, she is incorrect in saying that it would be sufficient.

Earlier, Dee said the Yuchengcos refused to shell out additional funds for the settlement, since the trust-fund assets would cover all the financial needs of the agreement.

The coalition was initially looking at the possibility that the Yuchengcos would find other sources of funding for the settlement. Samples of these are Yuchengcos’ shares in the Philippine Long Distance Corp. (PLDT).

However, Piccio said Yuchengco’s shares in PLDT was quite "questionable" in that there was a financial statement that reported a P1-billion loss in the shares.

Piccio added that Ernesto Garcia, PPI’s former president, assured them there will be additional funding for the settlement from investment surpluses.

Unfortunately, Piccio noted that after one settlement meeting, Garcia resigned from PPI and no longer answered texts and calls from the coalition.

The Manila Times tried to reach Garcia, but he said he was "indisposed" at the moment.

On July 21, PPI and the coalition agreed that PPI would pay its plan holders, based on the plan’s value and based on current tuition prices starting school year 2005 to 2006.

The statement said that availing plan holders will receive an entitlement for unavailed years based on the tuition fee for school year 2005-06 while nonavailing plan holders will receive an entitlement based on the current average tuition for each category of schools, as of school year 2005-06.

Freedom Fighter

 
At Monday, August 29, 2005 10:06:00 AM, Anonymous Anonymous said...

A New Entity Called Non

After Sonny Garcia's sudden disappearance, a new entity came into the picture. His name is Freddie Non, PPI's new President. Because he came after the negotiation collapsed, it stands to reason that he hardly understands what is really going on. He has a long way to go before he can divine the essence of the corporate maneuverings of PPI including the process of negotiation which began during the time of Sonny Garcia.

As he gropes about his new task as President of PPI, he is reported to have said that the negotiation failed because the Coalition followed the hard line since it "wanted all assets and fixed trust funds of Lifetime Plans Inc, a company spun from PPI, reconsolidated back to PPI and that the funding of the open-ended plans 'should not be restricted to its corresponding trust fund assets."

Poor Mr. Non. Hardly knowing the issues, he opens his big mouth just to please his new benefactors. What some people would do earn a living!

To begin with, the so-called reconsolidation of the assets of Lifetime Plans, Inc. back to PPI is not a demand of the Coalition. It is a ruling of the SEC after discovering that the spnning off of Lifetime Plans into a separate corporation is fraudulent. This is in addition to the fact the corporate status of Lifetime Plans,Inc.defective.

Mr. Non also averred that the Coalition demanded that funding for the shortfall "should not be restricted to its cooresponding trust fund assets."

For his information , it was his predecessor, Sonny Garcia, who explored the strategy of tapping the excess trust funds of PPI's other programs. Mr. Garcia has other strategies precisely to meet the shortfall within the within the ambit of PPI assets. Besides, if this strategy were to be used, there is nothing grievously wrong with "dipping into the separate funds" of other PPI programs. This was roundly asserted by the SEC panel testifying before the last Congressional Hearing. As a matter of fact, former SEC Chairman Bautista revealed that PPI has usedd this strategy before in dealing with a shortfall in the open-ended plans. So, what is Mr. Non talking about?

Before opening his mouth, Mr. Non should first do research on PPI's web of deceit. If he is at all genuinely concerned with truth, justice and good corporate governance he would probably resign his new post and not allow himself to be used by the Yuchengcos, in particular by Helen Dee whose only reason for being, it seems, is to make money at the expense of others. He should, if we may suggest, join the Coalition and help the parents get back what is morally and legally due tham.

 
At Monday, August 29, 2005 10:06:00 AM, Anonymous Anonymous said...

A New Entity Called Non

After Sonny Garcia's sudden disappearance, a new entity came into the picture. His name is Freddie Non, PPI's new President. Because he came after the negotiation collapsed, it stands to reason that he hardly understands what is really going on. He has a long way to go before he can divine the essence of the corporate maneuverings of PPI including the process of negotiation which began during the time of Sonny Garcia.

As he gropes about his new task as President of PPI, he is reported to have said that the negotiation failed because the Coalition followed the hard line since it "wanted all assets and fixed trust funds of Lifetime Plans Inc, a company spun from PPI, reconsolidated back to PPI and that the funding of the open-ended plans 'should not be restricted to its corresponding trust fund assets."

Poor Mr. Non. Hardly knowing the issues, he opens his big mouth just to please his new benefactors. What some people would do earn a living!

To begin with, the so-called reconsolidation of the assets of Lifetime Plans, Inc. back to PPI is not a demand of the Coalition. It is a ruling of the SEC after discovering that the spnning off of Lifetime Plans into a separate corporation is fraudulent. This is in addition to the fact the corporate status of Lifetime Plans,Inc.defective.

Mr. Non also averred that the Coalition demanded that funding for the shortfall "should not be restricted to its cooresponding trust fund assets."

For his information , it was his predecessor, Sonny Garcia, who explored the strategy of tapping the excess trust funds of PPI's other programs. Mr. Garcia has other strategies precisely to meet the shortfall within the within the ambit of PPI assets. Besides, if this strategy were to be used, there is nothing grievously wrong with "dipping into the separate funds" of other PPI programs. This was roundly asserted by the SEC panel testifying before the last Congressional Hearing. As a matter of fact, former SEC Chairman Bautista revealed that PPI has usedd this strategy before in dealing with a shortfall in the open-ended plans. So, what is Mr. Non talking about?

Before opening his mouth, Mr. Non should first do research on PPI's web of deceit. If he is at all genuinely concerned with truth, justice and good corporate governance he would probably resign his new post and not allow himself to be used by the Yuchengcos, in particular by Helen Dee whose only reason for being, it seems, is to make money at the expense of others. He should, if we may suggest, join the Coalition and help the parents get back what is morally and legally due tham.

 
At Monday, August 29, 2005 1:09:00 PM, Anonymous LuckyChan said...

Our respect and congratulations go to Mr. Ivan ManDy for openly disagreeing with the Manila City Council and Mayor Atienza in the effort to rename the history laden Calle Nueva to Yuchengco St. To be sure this action quickly erased the whatever historical legacy there is to Calle Nueva. To add insult to injury, as the saying goes, the name Yuchengco at this stage in the history of Philippine business and industry is associated with fraud and deceit perpetrated against plan holders of Pacific Plans. Inc. a member of the Yuchengo Group of Companies. The residents of Calle Nueva have every reason to complain because their new street name has erased whatever fond memories there may be with the old name. Whose brainchild was it? No doubt the scheming Yuchengcos have bribed their way to gain the dubious honor for the old Yuchengco. But what a disservice to Calle Nueva and to the history of the City of Manila`

As it is name Yuchengco is now equated with the line: "Na-Yuchengco Kami," to mean we were cheated.This is what gets to people's mind when they see the sign "Yuchengco St."

Let's get the name Calle Nueva back!

 
At Monday, August 29, 2005 2:15:00 PM, Anonymous Anonymous said...

Mr.Non (entity) used to be with RCPI & PASAR...where are these 2 conpanies now??? RCPI is a gonner na. PASAR is embroiled in a lot of problems now...try a 1+1...if this guy used to be with these companies, would it not be surprising that PPI would also be on the way out na rin??? How come the Yuchengcos like putting presidents who have shady pasts in PPI??? First there was Garcia who was heading Piltel. Now, it's this Non guy... something smells fishy!!!

 
At Monday, August 29, 2005 3:18:00 PM, Anonymous Anonymous said...

I am not at all surprised that Mr. Non came from failed companies. So did Mr. Garcia. Helen Dee obviously prefers them since she has no interest in revitalizing PPI. She does not care for executives with vision and who can get things moving. She prefers those who would just coast along and will say "Yes, Maam," to everything she says. What made her dump Sonny Garcia was the initiative he showed in dealing with the Coalition. He used his imagination to look for alternative sources of funds outside of the $51 million Napocor Bonds. Besides, Sonny Garcia had a fresh vision on how to revitalize PPI. This is a good lesson for Mr. Non. You want to hold on to your new job as President of PPI? Just play dumb if you are not so.

 
At Monday, August 29, 2005 3:56:00 PM, Anonymous Anonymous said...

Mr. Non is also a retired senior partner of the accounting firm of SGV. What is ironic is that we came across an article posted in the internet which was first published in BusinessWorld and written by Mr Non who was then president of OWL Consulting Inc.

The title of the piece de resistance?

"TIME TO ACT ON CORPORATE GOVERNANCE"

Mr. Non, look back at the values and principles you espoused when you were in SGV and remember that you were most likely held in high esteem back then by your subordinates and colleagues. Tell your present boss HYD that their company should be the model example of corporate governance now that you are the president of PPI. I hope you find the time to really, really delve into what PPI has been doing to its planholders all these years through mismanagement of the trust fund and the recent alleged "fraudulent conveyance". You have access to all its past records and decisions. You are in that crucial position of just choosing to listen to one side only (that of PPI's) or ferreting out the truth for yourself. If you still have the nose of a bloodhound (as all SGV auditors worth their salt should have), you will realize, after looking at the evidence, that all the PPI planholders were taken for a BIG ride all these years.

 
At Monday, August 29, 2005 11:45:00 PM, Anonymous Anonymous said...

The URL to Mr. Non's article "Time to Act on Corporate Governance":

www.ey.com/GLOBAL/content.nsf/Philippines/Time_to_act_on_corporate_governance

 
At Tuesday, August 30, 2005 7:37:00 AM, Anonymous mjc said...

Palace suspends SEC commissioner for 1 year
By Zinnia B. Dela Peña
The Philippine Star 08/30/2005

Malacañang has handed Securities and Exchange Commission (SEC) associate commissioner Jesus G. Martinez a one-year suspension order due to his failure to pay debts and for dishonest conduct prior to assuming his post.

The ruling, however, is not yet final and executory as it is still subject to an appeal by the respondent. Executive Secretary Eduardo Ermita said Martinez has 15 days to appeal the decision issued by Manuel Gaite, Deputy Executive for Legal Affairs at the Office of the President.

Martinez, however, said he has not yet received a copy of the order and even checked with Malacañang but reportedly found out there was nothing on file.

"I could not comment on the supposed order you got because I don’t know whether it is authentic. If there is really an order that had been issued then why would they hide it. I don’t have a copy of it. If there is an order that has been issued, I would be the first one to say it. I will not hide it," Martinez said in a telephone interview.

Martinez said he would appeal the ruling if he gets a copy of the suspension order.

The decision stemmed from a complaint filed by Cornelis W. Lubberts against Martinez on June 1, 2004 at the Office of the President. In his complaint, Lubberts claimed that Martinez failed to pay him P600,000 inclusive of interest.

"Normally, this office does not interfere with private transactions between public officials and private persons. However, we find that respondent’s actions towards complainant fall short of the standard of conduct required of him as a public official and are not in keeping with his duty to act with justness and sincerity," Gaite said.

"It finds Martinez’s refusal to pay after a lapse of more than seven years and his inconsistent characterization of the nature of his obligation as willful and deliberate attempt to evade payment," the Malacañang ruling said.

In particular, Martinez was found to have violated Section 4 of Republic Act 6713, which requires all public officials and employees to act with justness and sincerity.

During his suspension, Martinez shall not be entitled to monetary benefits including leave credits. As commissioner, he earns P2.4 million a year.

While under suspension, Martinez is not qualified for any promotion.

Martinez, however, raised a howl over the one-year suspension, saying it is too harsh. "This is way beyond what the law states. Under the Civil Service rules, you only get reprimanded for first offense. Second offense, you get suspended for one day to 30 days, and third offense is you get dismissed. This is my first offense in my whole life. What is the basis there alone?"

"I think that the intention here is to hurt me. Somebody has been using the coercive power of a higher office," Martinez further said.

Lubberts recalled that he got a fax message from Martinez in Nov. 1997, asking for a loan of P200,000. He agreed to the request and a three-fold interest rate was agreed upon.

Martinez said he needed some funds to pay bills in the Philippines while he was in the United States pursuing a business transaction which later did not materialize. He said things turned for the worse when it became more manifest that the US transaction would not push through and he would not be able to get the P400,000 profit as agreed upon.

In Oct. 2003, the Baguio Regional Trial Court ordered Martinez to pay Lubberts P600,000 and attorney’s fees. Martinez sought a 30-day extension but still failed to pay.

Lubberts said the Metropolitan Trial Court in Makati likewise dismissed the complaint for grave threats filed by Martinez.

Martinez said the case filed by Lubberts was another in a series of harassment suits. He said that he had appealed the court’s decision to the Court of Appeals and that the appeal is still pending.

He said that there is no dishonesty until the issue raised in the civil case has been thoroughly litigated and decided, adding that he never refused to pay the P200,000 loan. He stressed he just did not agree to the decision that he should pay the additional P400,000.

The complaint was first endorsed to the Presidential Anti-Graft Commission (PAGC) on June 28, 2004 for appropriate action. After the investigation, it was recommended that case be dismissed due to PAGC’s limited jurisdiction over the subject matter.

PAGC is mandated under EO 12 Series of 2001 to assist the President in efforts to curb graft and corruption through investigation of cases.

The Office of the President, however, deemed it proper under the circumstances to take cognizance of the case for a final determination of Martinez’s administrative accountability. "Respondent being a presidential appointee, having been appointed as SEC commissioner by the President on March 14, 2002, this office clearly has jurisdiction over the administrative complaint against him," Gaite said.

 
At Tuesday, August 30, 2005 7:39:00 AM, Anonymous Anonymous said...

Tomorrow is your last day of working in hell, it’s TGIF!!! Have a solemn weekend to liberate your soul. Bye and love.
…mighty mike

YOU'RE PATHETIC MIKE!

 
At Tuesday, August 30, 2005 7:42:00 AM, Anonymous Anonymous said...

coalition seems to be losing a valuable COHORT in Martinez.

 
At Tuesday, August 30, 2005 10:40:00 AM, Anonymous Anonymous said...

Have you tried begging YGC to pay your scholars tuition fee or have you tried anything aside from whining.

NO, I HAVEN'T TRIED RANSACKING THE COFFERS OF AN EXCLUSIVE SCHOOL'S FOUNDATION JUST LIKE WHAT HAVE YOU DONE TO 'EMPHASIZE' YOUR 'SCRIPTED' INABILITY TO SEND YOUR CHILDREN TO SCHOOL. THIS TO THE DETRIMENT OF US, OTHER MEMBERS, WHO DON'T HAVE EDUCATIONAL PLANS YET ARE AGHAST OVER YOUR ACTIONS , MUCH MORE WHEN WE SEE YOU IN YOUR EXPENSIVE VEHICLES DAILY.

 
At Tuesday, August 30, 2005 12:57:00 PM, Anonymous Hmmmm said...

I don't know if Martinez was really sympathetic with the Coalition. At the Congressional hearing, he seemed to be speaking for PPI when he emphasized skyrocketing tuition fees -- that old story -- as the reason for their inability to meet their obligations. He also did not agree with the ARL set by the SEC. But he WAS firm and tough about Lifetime being an illegal corporation. He referred to it as a "monster" that was created by PPI and that they had to deal with.

I am convinced that PPI is behind this move. Maybe this is the first in a series of intimidations that PPI, through Malacanang, will exert on the SEC. Then again, could they be punishing him for advising one of the Congressmen not to continue his payments to PPI? That was a shocking statement that showed no confidence in the company. Whatever, it shows how influential they are with GMA.

 
At Tuesday, August 30, 2005 1:10:00 PM, Anonymous Anonymous said...

The Danger Of Inlined Images
Have you ever posted an image to a blog or a web forum, and then found out what you submitted was not the image that showed up in the posting? I found an interesting example of this on a popular news blogging ...
Hey, you have a great blog here! I'm definitely going to bookmark you!

I have a make easy money site. It pretty much covers make easy money related stuff.

Come and check it out if you get time :-)

 
At Tuesday, August 30, 2005 1:16:00 PM, Anonymous Anonymous said...

Your site is very well put together. I'm going to bookmark you!

I have a physical fitness site/blog. It covers physical fitness related stuff.

Come and check it out sometime :-)

 
At Tuesday, August 30, 2005 1:16:00 PM, Anonymous Anonymous said...

Your blog is great If you a health issue, I'm sure you'd be interested in natural health Stop the issue with natural health

 
At Tuesday, August 30, 2005 1:25:00 PM, Anonymous Anonymous said...

Myrick writes for cancer survivors' blog
Rep. Sue Myrick and other well-known cancer survivors have begun writing blogs about their bouts with the disease for the Web site Yahoo! Health.
Hey, awesome blog here! I'm definitely enjoyed the visit we had.I have a gaming site/blog. It pretty much covers the world of games from video to texas holdem related stuff.

 
At Tuesday, August 30, 2005 1:33:00 PM, Anonymous Anonymous said...

Gulf coast residents tell their stories live on the Web
The Internet was a limitless source of information and talk about Hurricane Katrina on Monday, from eyewitness reports to prayers for those in its path.
I really like your blog and will come back often.

We have a autocad drafting services related site ourselves an would very much like you to browse it and see what we have to say about autocad drafting services.

 
At Tuesday, August 30, 2005 1:37:00 PM, Anonymous Anonymous said...

I am looking for ideas to start my own blog about Subliminal Messages and you have give me a few ideas. Thank you. Good blog. I will check it each week.

 
At Tuesday, August 30, 2005 1:39:00 PM, Anonymous Anonymous said...

Your blog is great Collectables of interest - animal figurine I hope you enjoy animal figurine

 
At Tuesday, August 30, 2005 1:49:00 PM, Anonymous Anonymous said...

Blog dialogue
Lisa Ayres doesn't know where she's going to find the 30 minutes to write about her business every day, but she plans on tracking them down.
Get Your Reliable Email

 
At Tuesday, August 30, 2005 2:24:00 PM, Anonymous Anonymous said...

WEB ADMINISTRATOR:

Pls write down the ISP address of this nonsensical poster and delete all his irrelevant posts

To irrelevant poster: Your nonsense posts will just work reverse psychology on us. Sayang lang, ma delete din mga posts mo, lalo pa kami magalit sa boss mo.

 
At Tuesday, August 30, 2005 4:25:00 PM, Anonymous Anonymous said...

I am convinced that PPI is behind this move. Maybe this is the first in a series of intimidations that PPI, through Malacanang, will exert on the SEC. Then again, could they be punishing him for advising one of the Congressmen not to continue his payments to PPI? That was a shocking statement that showed no confidence in the company. Whatever, it shows how influential they are with GMA.

Look back into all accounts and you will realize the GREAT HELP Martinez gave, willingly or unwillingly, for the coalition.

 
At Tuesday, August 30, 2005 4:27:00 PM, Anonymous Anonymous said...

Pls write down the ISP address of this nonsensical poster and delete all his irrelevant posts


ETO NA NAMAN SI INTEL KUNO.

 
At Tuesday, August 30, 2005 4:30:00 PM, Anonymous Anonymous said...

Then again, could they be punishing him for advising one of the Congressmen not to continue his payments to PPI?

Congressman Paras and Suplico? The bruise brothers? Eh, sa congressional hearings all they have done is to read from your notes na inaabot nyo para sa mga tanong nila.

 
At Tuesday, August 30, 2005 4:30:00 PM, Anonymous Anonymous said...

Then again, could they be punishing him for advising one of the Congressmen not to continue his payments to PPI?

Congressman Paras and Suplico? The bruise brothers? Eh, sa congressional hearings all they have done is to read from your notes na inaabot nyo para guide sa mga itatanong nila.

 
At Tuesday, August 30, 2005 5:22:00 PM, Anonymous Anonymous said...

THE YUCHENGCOS ARE RICH, WE ARE POOR. THEY ARE POWERFUL, WE ARE NOT. THE YUCHENGCOS ARE FEW, THE PEP PLANHOLDERS ARE MANY. WHY NOT USE THE LATTER TO OUR ADVANTAGE. MAKE POSTERS/ LEAFLETS INDICATING OUR SENTIMENTS AGAINST THE YUCHENGCOS, AND POST IT IN SCHOOLS, MALLS, AND BUSINESS CENTERS. BOYCOTT THE YUCHENGCO GROUP OF COMPANIES.

1) MALAYAN INSURANCE COMPANY, INC.
2) MALAYAN REINSURANCE CORP.
3) MALAYAN INTERNATIONAL INSURANCE CORP. LTD
4) THE FIRST NATIONWIDE ASSURANCE CORP.
5) MALAYAN INSURANCE CO. (HK) LTD.
6) MALAYAN INSURANCE CO.(UK) LTD
7) MALAYAN ZURICH INSURANCE CO., INC.
8) TOKIO MARINE
9) GPL HOLDINGS, INC.
10) GREPALIFE
11)PACIFIC PLANS, INC.
12) PAN PACIFIC COMPUTER CENTER, INC.
13) GREPALAND, INC.
14) NIPPON LIFE OF THE PHILIPPINES
15) HOUSE OF INVESTMENTS, INC.
16) EEI CORP.
17) PHILROCK, INC.
18) LANDEV CORP.
19) HI-EISAI PHARMACEUTICAL INC.
20) HONDA CARS- FAIRVIEW
21) HONDA CARS - MANILA
22) HONDA CARS- MARIKINA
23) ISUZU MANILA, INC.
24) ISUZU COMMONWEALTH
25) iPEOPLE, INC.
26) MAPUA INSTITUTE OF TECHNOLOGY
27) PEOPLE ESERVE
28) FUNERARIA PAZ, SUCAT, INC.
29) MANILA MEMORIAL PARK CEMETERY
30) FIRST MALAYAN LEASING ANMD FINANCE CORP.
31) ZAMBOANGA INDUSTRIAL FINANCE CORP.
32) RCBC UNIVERSAL BANK
33) RCBC SAVINGS BANK
34) BANKARD
35) RCBC SECURITIES, INC
36) RCBC TELEMONEY EUROPE
37) RCBC INTERNATIONAL FINANCE LTD.
38) RCBC CALIFORNIA INTERNATIONAL INC.

 
At Tuesday, August 30, 2005 6:03:00 PM, Anonymous Anonymous said...

THE YUCHENGCOS ARE RICH, WE ARE POOR. THEY ARE POWERFUL, WE ARE NOT. THE YUCHENGCOS ARE FEW, THE PEP PLANHOLDERS ARE MANY. WHY NOT USE THE LATTER TO OUR ADVANTAGE. MAKE POSTERS/ LEAFLETS INDICATING OUR SENTIMENTS AGAINST THE YUCHENGCOS, AND POST IT IN SCHOOLS, MALLS, AND BUSINESS CENTERS. BOYCOTT THE YUCHENGCO GROUP OF COMPANIES.

1) MALAYAN INSURANCE COMPANY, INC.
2) MALAYAN REINSURANCE CORP.
3) MALAYAN INTERNATIONAL INSURANCE CORP. LTD
4) THE FIRST NATIONWIDE ASSURANCE CORP.
5) MALAYAN INSURANCE CO. (HK) LTD.
6) MALAYAN INSURANCE CO.(UK) LTD
7) MALAYAN ZURICH INSURANCE CO., INC.
8) TOKIO MARINE
9) GPL HOLDINGS, INC.
10) GREPALIFE
11)PACIFIC PLANS, INC.
12) PAN PACIFIC COMPUTER CENTER, INC.
13) GREPALAND, INC.
14) NIPPON LIFE OF THE PHILIPPINES
15) HOUSE OF INVESTMENTS, INC.
16) EEI CORP.
17) PHILROCK, INC.
18) LANDEV CORP.
19) HI-EISAI PHARMACEUTICAL INC.
20) HONDA CARS- FAIRVIEW
21) HONDA CARS - MANILA
22) HONDA CARS- MARIKINA
23) ISUZU MANILA, INC.
24) ISUZU COMMONWEALTH
25) iPEOPLE, INC.
26) MAPUA INSTITUTE OF TECHNOLOGY
27) PEOPLE ESERVE
28) FUNERARIA PAZ, SUCAT, INC.
29) MANILA MEMORIAL PARK CEMETERY
30) FIRST MALAYAN LEASING ANMD FINANCE CORP.
31) ZAMBOANGA INDUSTRIAL FINANCE CORP.
32) RCBC UNIVERSAL BANK
33) RCBC SAVINGS BANK
34) BANKARD
35) RCBC SECURITIES, INC
36) RCBC TELEMONEY EUROPE
37) RCBC INTERNATIONAL FINANCE LTD.
38) RCBC CALIFORNIA INTERNATIONAL INC.

 
At Tuesday, August 30, 2005 6:04:00 PM, Anonymous Anonymous said...

THE YUCHENGCOS ARE RICH, WE ARE POOR. THEY ARE POWERFUL, WE ARE NOT. THE YUCHENGCOS ARE FEW, THE PEP PLANHOLDERS ARE MANY. WHY NOT USE THE LATTER TO OUR ADVANTAGE. MAKE POSTERS/ LEAFLETS INDICATING OUR SENTIMENTS AGAINST THE YUCHENGCOS, AND POST IT IN SCHOOLS, MALLS, AND BUSINESS CENTERS. BOYCOTT THE YUCHENGCO GROUP OF COMPANIES.

1) MALAYAN INSURANCE COMPANY, INC.
2) MALAYAN REINSURANCE CORP.
3) MALAYAN INTERNATIONAL INSURANCE CORP. LTD
4) THE FIRST NATIONWIDE ASSURANCE CORP.
5) MALAYAN INSURANCE CO. (HK) LTD.
6) MALAYAN INSURANCE CO.(UK) LTD
7) MALAYAN ZURICH INSURANCE CO., INC.
8) TOKIO MARINE
9) GPL HOLDINGS, INC.
10) GREPALIFE
11)PACIFIC PLANS, INC.
12) PAN PACIFIC COMPUTER CENTER, INC.
13) GREPALAND, INC.
14) NIPPON LIFE OF THE PHILIPPINES
15) HOUSE OF INVESTMENTS, INC.
16) EEI CORP.
17) PHILROCK, INC.
18) LANDEV CORP.
19) HI-EISAI PHARMACEUTICAL INC.
20) HONDA CARS- FAIRVIEW
21) HONDA CARS - MANILA
22) HONDA CARS- MARIKINA
23) ISUZU MANILA, INC.
24) ISUZU COMMONWEALTH
25) iPEOPLE, INC.
26) MAPUA INSTITUTE OF TECHNOLOGY
27) PEOPLE ESERVE
28) FUNERARIA PAZ, SUCAT, INC.
29) MANILA MEMORIAL PARK CEMETERY
30) FIRST MALAYAN LEASING ANMD FINANCE CORP.
31) ZAMBOANGA INDUSTRIAL FINANCE CORP.
32) RCBC UNIVERSAL BANK
33) RCBC SAVINGS BANK
34) BANKARD
35) RCBC SECURITIES, INC
36) RCBC TELEMONEY EUROPE
37) RCBC INTERNATIONAL FINANCE LTD.
38) RCBC CALIFORNIA INTERNATIONAL INC.

 
At Tuesday, August 30, 2005 11:14:00 PM, Anonymous Anonymous said...

Anonymous said...
Tomorrow is your last day of working in hell, it’s TGIF!!! Have a solemn weekend to liberate your soul. Bye and love.
…mighty mike

YOU'RE PATHETIC MIKE!
Tuesday, August 30, 2005 7:39:04 AM

Come and check it out if you get time :-)
Tuesday, August 30, 2005 1:10:17 PM
Tuesday, August 30, 2005 2:02:35 PM

…It’s the first day of work at the YUCHONGO GREED and CO. (YGC). Their slaves are back to their dirty jobs, work that’s paid with BLOOD MONEY that the YUCHONGO GREED and CO., earned though DECEET and CORPORATE SCAM from thousands of TRUSTING PARENTS and their children wanting to have a decent education.
…NOTICE the date and time of posting of the above replies. The “YOU’RE PATHETIC MIKE!” was a reply to my post of Aug 26 (Friday) at 1:16 am. “Anonymous said...
Anonymous said...
hay naku! makibaka na nman. buti kayo at kaya nyong gumastos araw araw at hindi pumasok sa trabaho.

i'm out of here!
Thursday, August 25, 2005 8:07:01 AM
If this slave is really a plan holder his/her (hser) reply would be over the weekend and blow hser hurt asap, not on Tuesday the first day of WORK IN HELL for the YGC workers who approve of YGC work ethics. I would not be surprised if this slaves would one day commit SUICIDE due to guilt and moral dilemma, just what happen to the daughter of Mr. Integrity Alfonso Yuchengco and Helen Dee’s son on a Christmas Eve in New York high class comdemonium. This is the prize of to much greed on the part of the Yuchengco’s family. Their young son’s and daugthers can not stomach their elders ENDLESS GREED and HIPOCRICY!!! Their Yuchengco Foundation is finally unmasked. It’s just a ploy to use and abuse in not paying the right taxes and buying their integrity, though school donations, etc.
…lastly take note of the slaves posting of several garbage posted Aug. 30 from 1:10 pm to 2:02 pm. DO NOT OPEN OR CONNECT to the highlighted lines! It could be loaded with VIRUS from the YUCHONGO GREED and CO. this garbage could only come from a sick mind or slaves of the Chongos.
...mighty mike

 
At Wednesday, August 31, 2005 7:55:00 AM, Anonymous Anonymous said...

If this slave is really a plan holder his/her (hser) reply would be over the weekend and blow hser hurt asap, not on Tuesday the first day of WORK IN HELL for the YGC workers who approve of YGC work ethics.

YOU'RE REALLY PATHETIC. UNLIKE YOU RICH BRATS, I DON'T EVEN OWN A PC AT HOME, THAT'S WHY I ONLY READ IT ON TUESDAY.

AND YOU'RE REALLY CLUELESS OR IGNORANT MAYBE. ONLY THOSE IN GOVERNMENT OFFICES AND PRIVATE/PUBLIC SCHOOLS DID NOT WORK ON MONDAY. PRIVATE OFFICES WERE EXCLUDED FROM THE HOLIDAY.

GOT IT? DUMB!

 
At Wednesday, August 31, 2005 5:17:00 PM, Anonymous Anonymous said...

all i can say "BALIK PERA NA LANG PARA WALANG NG PROBLEM".

 
At Wednesday, August 31, 2005 5:21:00 PM, Anonymous Anonymous said...

MAKAPAL ANG MUKHA NG PLATINUM PLAN....NAGTIPID AKO PARA LANG MAY IHULOG SA EDUCATIONAL PLAN MG MGA ANAK KO....WALA KAYONG PUSO AT KALULUWA----SINUSUNOG NA KAYO SA IMPYERNO!!!!!MGA MANLOLOKO!!!!!

 
At Wednesday, August 31, 2005 10:33:00 PM, Anonymous Anonymous said...

TO PEP COALITION MEMBERS:

LOG on to www.pepcoalition.com for UPDATES

 
At Wednesday, August 31, 2005 11:10:00 PM, Anonymous Anonymous said...

AT this point in time, I'm not discussing percentages. PPI/YGC bannered in newspapers of major circulation that they will settle their contractual obligation to us, the Planholders.

and 2nd sem is forthcoming. They should honor their word... word of honor... mula sa mga Yuchengco.

Kailan kaya uumpisahan i process ang checks for second semester!

 
At Wednesday, August 31, 2005 11:16:00 PM, Anonymous Anonymous said...

SOME TIPS FOR MR. NON

I came to know, through this blog, that Mr. Freddie Non came from SGV, a venerable consulting firm respected in the local and international scene. I also learned that he wrote something on good corporate governance.

Why Mr. Non left (or was he booted out of?) SGV puzzles me. For why should he leave a topnotch consulting firm for a morally bankrupt and deranged company like PPI? Is it for the challenge to get the company moving again along high moral grounds? Or is it for the money? If it is for money then this does not speak well for this Non person.

At any rate, because he is what he is I have some few tips for him so that he can hold on to his job and not follow the footsteps of Sonny Garcia who was fired for following the dictates of his moral conscience.

1. Don't exercise your imagination, if you haved any. Your benefactor dislikes being beaten to the draw in this area. Just wait for what you will be told and dutifully execute.

2. If you have learned anything at all about executive leadership, forget about it. Helen wants blind followers, not leaders.

3. Likewise, forget about exercising initiatives. This was one of the grievous fault of Sonny Garcia. Learn to keep quiet and wait for instructions. Or transform blind obedience into disguised personal initiatives.

4. Be very sensitive to what your benefactor believes. If you find that what she believes does not square with the facts, change the facts and make them fit her beliefs. At the beginning, this may be difficult to do, but you'll get used to it. You have done a brief exercise on this already. After sometime, it will be a cinch.

5. If during your stint at SGV you had thought about national welfare, about good corporate governance to accelerate the growth of business and industry, forget all about these romantic ideals. They have no place in your present milieu. You have to go back to original instincts, which is advancing ones personal welfare over that abstract thing called national welfare. This way you'd be a happier person.

I wish you good fortune even as I continue to grieve for the victims of the corporate frauds committed by your company per declaration by SEC.

 
At Thursday, September 01, 2005 7:05:00 PM, Anonymous Anonymous said...

Oo nga...mukhang ang mga tauhan ni HYD mg robot...sunud-sunuran lang sa amo nila. Kapag lumihis sila sa kagustuhan ng reyna ng YGC empire, tsugi sila. Tignan niyo nangyari kay Mr. Garcia...mukhang sinunod niya konsensiya niya kaya nasibak ng amo niya.

 
At Thursday, September 01, 2005 10:11:00 PM, Anonymous DIEGO said...

AS mentioned in my earlier post, I belong to the majority who indicated that we prefer some form of our money returned. We are in a situation wherein we have lost all our bargaining power as the coalition filed a case against RCBC in BSP.
Maybe the 1/3 of the planholders are rejoicing with the filing of the case but I feel that we, who rely a lot on the plan benefits, are the real losers in this situation. Will we get any closer to get our money back by launching a campaign against YGC? I don't think so since the coalition has already filed its case. The moneyed 1/3 wins ....

 
At Thursday, September 01, 2005 11:12:00 PM, Anonymous GARCI BUSTER said...

YOu think YGC is devious... Not as much as the Pep Coalition (The infamous 1/3 as coined by DIEGO).

A few weeks ago, there was a poll made here that showed that 1/3 of the people preferred criminal charges while the 2/3 preferrred ways to got money back. This poll was credible because it was done through a website that checked IP addresses to prevent duplicate votes. This site is really used for polls.

I noticed that the www.pepcoalition.com website has a poll, through its website, on whether criminal charges to be filed. I looked at the results: a statictically impossible 69 votes for criminal charges and 0 against criminal charges. I tried to vote a NO and I got a "Cookie must be enabled error". I checked my browser settings and my browser does accept cookies. I tried again and cannot vote a "NO". It made me think and try the "Yes" to criminal charges option. My vote went through!!! No wonder that there is 0 votes for NO, because it doesn't allow NO VOTES!!! Very Creative. Maybe they planned to allow the "NO" option to work after votes are padded. You guys must work for Comelec.

One more interesting thing is that the first vote, as mentioned in the stats, was made in July 12 before the site was even publicized and before any article was ever published. I SALUTE YOU GUYS ON YOUR COMELEC EXPERIENCE!!!

 
At Friday, September 02, 2005 12:06:00 AM, Anonymous Anonymous said...

To the poster who said: "I tried to vote a NO and I got a "Cookie must be enabled error". I checked my browser settings and my browser does accept cookies. I tried again and cannot vote a "NO".

THE SPIN DOCTOR IS AT WORK AGAIN. For everyone's info, the poll at the coalition website works fine. The one and only vote of 1 under "NO" was done by us AS A TEST and IT WENT THROUGH.

So DOCTOR, do not try to sway the people's votes by insinuating that the votes are one-sided. Try another tactic. We do not fix polls the way your bosses try to fix everything else with money.

So what if our 100% poll results showing YES went down to 98.6% as a result of our test to disprove you? It was worth it just to show HOW LOW YOU GUYS CAN GO!!!!!

 
At Friday, September 02, 2005 7:59:00 AM, Anonymous mjc said...

The coalition of a few has lostits credibility.

Imagine running a poll but not considering the majority decision.

 
At Friday, September 02, 2005 9:18:00 AM, Anonymous Anonymous said...

Just wanted to verify the argument on the polls. I just tried voting for "NO" right now and got a "Cookies must be enabled message". I tried a "YES" and it went through.

I have a screen dump to show that it really happened and is still happening. just tell me where to post the image.

Maybe you to have special "rights" to vote a no :-)

 
At Friday, September 02, 2005 9:31:00 AM, Anonymous Anonymous said...

Her is an insider tip from COMELEC officials of PEP. After voting "YES", go to browser settings and delete cookies and cache. Then vote "YES" again at least 20 times :-).

Poll engine used is "Cookies" based so multiple votes can be easily done. I guess this is the new strategy to show unanimous support.

Maybe this can be introduced in congress for the impeachment process?

 
At Friday, September 02, 2005 9:59:00 AM, Anonymous Anonymous said...

First Yes vote was in July because that was when the poll first appeared..we shut down the poll when we started informal negotiations with Dondon Bagatsing as a sign of good faith. We only reinstated the poll after negotiations fell.

Please get your facts straight before you start accusing others.

 
At Friday, September 02, 2005 10:50:00 AM, Anonymous Anonymous said...

Maybe you to have special "rights" to vote a no :-)

THAT'S THE TROUBLE WHEN YOU VOICE A SEPARATE OPINION, YOU RISK BEING CHARGED AS HAVING SPECIAL RIGHTS.

EH KUNG IBALIK KO KAYA SA INYO, KAYA KAYO PURSIGIDO IS DAHIL MAY SPECIAL INCENTIVES KAYONG MAKUKUHA SA AMIN PAG UMOKEY NEGOTIATIONS.

 
At Friday, September 02, 2005 10:51:00 AM, Anonymous Anonymous said...

CAP files rehab to avoid govt takeover


By CAI U. ORDINARIO, The Manila Times Researcher

After a long, drawn-out struggle to avoid court proceedings, Sobrepeña-owned College Assurance Plans Inc. (CAP) bit the bullet and filed for rehabilitation Thursday at the Makati Regional Trial Court.

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

It seems that, unfortunately for us, GMA is squarely on the side of "Uncle Al". Just last Monday, Aug 29, they were together and he even showed her around his office in Yuchengco Center. Maybe he reported that the negotiations were finally off and they planned the next lie they would deceive the public with. They are both such manipulative liars, making false statements to calm down the public. Remember her "I will not seek another term" and his huge fake "donation"? Then they collaborated to deceive the public with a fake "negotiation" with PPI planholders. It got the pressure off RCBC - stopped the bank run and upped the stock price -- while giving her a great photo op as well as enabling her to be the savior of the preneed industry in her SONA. But they knew that behind all that fake concern for the planholders was their guard dog Helen Dee, solemnly swearing that she would not add a centavo to the rehab offer.

What will be the next collaboration between Ate Glo and Uncle Al? I bet it will be to intimidate the SEC. Already, Malacanan has suspended Commissioner Martinez. Can this be to punish him for the SEC's stand on Lifetime? So what favor will Uncle Al make in return? Buy more NAPOCOR bonds? Come to think of it, why did RCBC and Pacific buy so many junk NAPOCOR bonds, anyway? Was it a political favor? That one is too deep for me. Maybe someone can make the connection?

 
At Friday, September 02, 2005 4:03:00 PM, Anonymous Little Angel said...

A little Angel told me that the Yuchengcos are behind Malacanang's 1-year suspension of Commissioner Jesus Martinez. He was quoted as saying, " I think that the intention here is to hurt me. Somebody has been using the coercive power of a higher office." Na-Yuchengco siya! After all, he was being tough about reverting Lifetime back into Pacific: "They should slay the monster that they created -- not expect SEC to do it for them."

The Angel is counting the times when the President serves AY's needs. First, she helped to get PPI MAXIMUM media coverage when they opened the negotiations with the Coalition by inviting them to Malacanang and televising it. Come to think of it, it was an I'll scratch your back, you scratch mine deal with AY because they both benefited from it. Once the papers were off the press and the SONA done, the negotiations -- as far as the Yuchengcos and the Palace were concerned -- were closed.

Now they're taking aim at the SEC people one by one to intimidate them. Who will be next? If the President herself will intimidate officials who are trying to do their honest best because it does not suit the dishonest plans of her cronies, then where is corporate governance?

It seems AY and GMA are holding hands all the way down the road to the ruin of our children's future.

 
At Friday, September 02, 2005 10:06:00 PM, Anonymous jungle man said...

diego and mjc

pls give me an idea of how many of your 2/3rds are voicing their complaints and views like yourselves.
coz if there were really 2/3rds of you, why are you the only ones writing?

there are probably only 5 of you - paid hacks - so before you start to make more hacker names - put something more constructive and real to talk about

 
At Saturday, September 03, 2005 10:15:00 AM, Anonymous mjc said...

pls give me an idea of how many of your 2/3rds are voicing their complaints and views like yourselves.
coz if there were really 2/3rds of you, why are you the only ones writing?

there are probably only 5 of you - paid hacks - so before you start to make more hacker names - put something more constructive and real to talk about

YOUR INCESSANT QUIBBLING ABOUT US WHO ARE VOICING OUR OPINIONS AND BEING CLASSIFIED AS PAID HACKS ONLY BETRAY YOUR REAL COLOR.

BY TRYING TO CAST ASPERSIONS ON US AND OTHERS WHO VOICE APPREHENSIONS ON THE REPRESENTATIONS OF THE 2/3s WHO VOTED FOR SETTLEMENT EASILY SHOWS THAT YOUR POLL WAS, SINCE FROM THE START, A SHOW.

I AM A PLANHOLDER AND I VOTED FOR SETTLEMENT IN YOUR POLL.

READ YOUR PREVIOUS POSTS. BY TRYING TO CONNECT MARTINES' SUSPENSION TO OUR CONCERN SHOWS THAT YOU ARE RUNNING OUT OF ISSUES TO TALK ABOUT.

 
At Saturday, September 03, 2005 10:43:00 AM, Anonymous Anonymous said...

"BY TRYING TO CAST ASPERSIONS ON US AND OTHERS WHO VOICE APPREHENSIONS ON THE REPRESENTATIONS OF THE 2/3s WHO VOTED FOR SETTLEMENT EASILY SHOWS THAT YOUR POLL WAS, SINCE FROM THE START, A SHOW.
...I AM A PLANHOLDER AND I VOTED FOR SETTLEMENT IN YOUR POLL."

My take:

If you want the kind of settlement that PPI is offering up to now, which is to get your money solely from what they offered from the beginning when they filed the rehab plan (the infamous NAPOCOR bonds), you are free to tell them you are getting their offer AS IS.

The coalition rejected that rehab plan, remember? We wanted something better. They agreed to premise their offer to negotiate on CURRENT VALUE OF SY 2005-06 (They initiated the "negotiations" a night or 2 before we were to file the BSP complaint back in July).

That premise at CURRENT VALUE was bannered all over the papers, remember? They made so much media mileage from that. That premise was what raised the hopes of us all. The coalition wanted to give us all that chance.

PPI's OWN NEGOTIATING TEAM tried several variations of proposals to Helen Y. Dee, but always premised on starting from CURRENT VALUE of this year. SHE FLATLY REJECTED ALL THEIR PROPOSALS and stuck with the line that NAPOCOR bonds were sufficient for settlement. Now...who took the hardline stance?

If that was HYD's line all along, WHY DID PPI ASK FOR NEGOTIATIONS? To stall the BSP filing? To buy time to recover their deposits and raise their stock price? Some other ulterior motive? You guess...

So, if you are one of those who, from the very beginning, was willing to settle for NAPOCOR bonds, it is still available. Do not bother the coalition which is trying to get a better deal which is rightfully ours. Go tell PPI you will accept their offer.

But do not be a hypocrite and complain all you want now about wanting a settlement (which PPI pretended to offer in the guise of current value, but in reality was just ramming down our throats the same NAPOCOR bonds again). And more so, later join us again if you see a better outcome.

End this tirade, go to PPI and sign their piece of paper that you want the NAPOCOR bonds, END OF CONVERSATION.

 
At Saturday, September 03, 2005 12:45:00 PM, Anonymous bmw said...

I want to see wrongdoers punished and am willing to put my plan at risk, in whole or in part, to see justice meted out. 36% 85
I have lost my faith in the company and it is in my best interest to listen to any suggestion that allows me to get my money back now. 19% 44
I have lost faith but willing to work with the company so that I can get my principal back with some interest. 33% 77
I am disappointed but i wish to continue my plan and business relationship with the PPI. 13% 30

 
At Saturday, September 03, 2005 1:18:00 PM, Anonymous Sugar Addict said...

Survey results

I want to see wrongdoers punished and am willing to put my plan at risk, in whole or in part, to see justice meted out. 36% 85

I have lost my faith in the company and it is in my best interest to listen to any suggestion that allows me to get my money back now. 19% 44

I have lost faith but willing to work with the company so that I can get my principal back with some interest. 33% 77

I am disappointed but i wish to continue my plan and business relationship with the PPI. 13% 30

The Coalition tried to get the principal back with interest (being a traditional plan holder that means getting back the amount paid in the secondary market). If you are the guys who bought in the primary market and willing to settle for 2010, go to YGC and get paid.

So 87% upward voted for getting principal back which is what the Coalition worked for. Diego himself said he is willing to settle for 80% of current tuition. YGC wasnt budging from the 2010 offers. So if you are sqwaking about being the 2/3rds "majority", then we are on the same side but its not 2/3rds its more like 9/10ths

 
At Sunday, September 04, 2005 4:44:00 PM, Anonymous haha! said...

hehehhehehe

 
At Sunday, September 04, 2005 4:53:00 PM, Anonymous NOTRADAMUS said...

its called KARMA dahlin'

 
At Monday, September 05, 2005 7:24:00 AM, Anonymous srd said...

The Coalition tried to get the principal back with interest (being a traditional plan holder that means getting back the amount paid in the secondary market).

Here you go again! Why not go after the ones who sold your plan thru the secondary market and PPI for the contract price?

 
At Monday, September 05, 2005 11:52:00 AM, Anonymous Anonymous said...

REMINDERS: PEP COALITION MEMBERS

Congressional Hearing on Wednesday, September 7, 2005, 9:30am, Ramon Mitra Hall, Batasang Pambansa, Quezon City.

The next hearing in Congress is significant not only because of the hearings but because
you have all seen how YGC and PPI are answering each and every release coming out and being
very much on the defensive.

You have noticed how they have switched tactics moving into the dirty arena by twisting stories and facts.

You can be sure that their
"hakots" will be there in force and we must have the numbers to
show Congress that interest in these hearings is not waning from the planholders side.

If many of you continue to stay on the sidelines, nothing will come out from our fight so Please
start to get more involved and do your share.

 
At Monday, September 05, 2005 1:30:00 PM, Anonymous Anonymous said...

You can be sure that their
"hakots" will be there in force and we must have the numbers to
show Congress that interest in these hearings is not waning from the planholders side.

Ok. Please be ready again with the questions to be given to paras and suplico para may guide ulit silang magtanong. Kasama pa rin si martinez di ba? Okay! See you there again!

 
At Monday, September 05, 2005 2:01:00 PM, Anonymous freedom fighter said...

To SRD

"Here you go again! Why not go after the ones who sold your plan thru the secondary market and PPI for the contract price?"

Gee you want to bring up an age old argument and waste time? We can argue till kingdom come but the bottom line is, there is a contractual obligation by PPI that was not fulfilled period.

 
At Monday, September 05, 2005 3:13:00 PM, Anonymous Anonymous said...

Gee you want to bring up an age old argument and waste time? We can argue till kingdom come but the bottom line is, there is a contractual obligation by PPI that was not fulfilled period.

Agree ako dyan. But the sales agent should be equally liable.

 
At Monday, September 05, 2005 10:51:00 PM, Anonymous Sugar Addict said...

So the Public May Know

Throughout our 5 months of having banded together as the Parents Enabling Parents Coalition, we have worked towards ensuring the rights of our children to receive their educational benefits, assisting our less fortunate fellow traditional plan holders, and uncovering the fraudulent machinations perpetrated by Pacific Plans, Inc. (PPI).

We would like to request our fellow members and traditional plan holders to exercise sobriety, prudence and restraint amid the failure of negotiations. We also warn our members and fellow plan holders and the public that PPI and YGC has begun to resort to dirty tactics including, but not limited to, anonymous text messages meant to accuse the Coalition of economic sabotage, newspaper ads that misinform the public about the true motives and objectives of the Coalition, destroying the credibility of the Coalition President Philip Piccio.

The Coalition is made up of parents who are simply out to protect their children and to claim their right to an education as promised by a contractual obligation between themselves and PPI.

So the public may know the truth about the Coalition and the involvement of the various parties, let the following key points shed light:

• PPI was ordered by the SEC to revert the assets and trust funds of Lifetime back to the former even stating that there was “. . . series of dispositions and acquisitions by Pacific vis-à-vis its related companies is a FRAUDULENT SCHEME to keep its assets away from the reach of traditional plan holders.”
• PPI asked the Pep Coalition for a dialogue (on the day it was to file its complaint to the BSP) on the pretext of discussing possible solutions and remedies for this pre-need debacle only to have Ms. Helen Dee herself dismiss if not reject all of the solutions put forth by the PPI negotiating team!
• PPI took the one-month lag in negotiations to: a) to revamp and strengthen its public relations campaign to counter the Pep Coalition allegations, b) to prepare (one can only imagine) for any Bangko Sentral ng Pilipinas audit in RCBC Trust related to the PPI trust funds and, c) hire a new management team that would agree with the philosophy of the PPI shareholders.
• RCBC is being dragged into the issue because of its failure to ensure that there was no conflict of interest in its financial transactions related to PPI’s investment in illiquid Napocor bonds placed in the PPI trust fund.
• RCBC three (3) decades of established track record in fund management is not so much in question (then again why Napocor bonds?) but rather its failure to exercise its fiduciary responsibility in ensuring transparency, due disclosure and acting like a good father of the family.
• RCBC may be only one of the three trustees but it has the largest share of the total PPI trust fund.
• Helen Dee is standing steadfast by her commitment to ensure that PPI traditional plan holders receive only what was promised in PPI’s letters to traditional plan holders in 2010.

. . . . and So May the Public Act Accordingly

 
At Tuesday, September 06, 2005 12:23:00 AM, Anonymous vagabond said...

This is my 2 cents worth:

Hell, mass produce the approved leaflet in the pepcoalition website and distribute it everywhere. It says everything that has to be said about this fiasco. It costs 50 centavos to reproduce that leaflet, if you cram 2 copies per 8"x11" sheet, that makes it 25centavos per leaflet. Making 1000 copies of the leaflet ( at 2 copies per 8”x11”sheet in a 500 sheet ream) will cost you only 250 pesos If 500 people reproduce 1000 copies, you have half a million copies circulating.. Hopefully, ipapasa yan kahit na isang beses, you have 1,000,000 potential recipients of the flyer. The Inquirer only runs about 250.000 copies, so do your math. Sagot ko na 2 ream as my contribution to this battle.

I say let's go for it.

Enough of this yaketyyak. Spread the word about the Yuchengcos. We can't do it (fight the yuchengcos) through the traditional media, so we have to do it ourselves through other means.

There are a thousand ways of skinning a cat. Just because media won't carry our story does not mean our story will not go out to the public. We have to find ways to get the story out. Let us not sit and cry and accuse the media of being bought, rather, let us take it as a challenge to our creativity on how we can get our story out to the world.


We have a lot of friends in media who are dying to get our story published but they are being blocked by those entities controlled by the YGC in the higher levels. Let us help our friends in media by persisting in giving them good material, in not alienating them by calling them bayaran or paid hacks. A lot of them are like us regular folks and are on our side Embrace them, welcome them, tell them our bitter stories, our struggles and let them broadcast it to the world out there so the world will know about the evil empire of the YUCHENGCOs. Our friends will help us; they will find a way to get our story out.

The truth has a nasty habit of wiggling out even if it is being suppressed by powerful entities, and that holds true for us. Let us keep speaking our truth to the world, and we will overcome the lies being spread by the YUCHENCOs.

There is nothing more certain than that. TRUTH is on our side. And the TRUTH will set us all free.

 
At Tuesday, September 06, 2005 9:46:00 AM, Anonymous Anonymous said...

Yesterday, out of boredom, I tested the integrity of the polls in the pepcoalition website. I downloaded a webtesting tool that will allow me to do stress testing of the polls and to check the integrity for multiple votes.

Here is what I found:

1) Yes - no restrictions, I made around 70 "yes" votes in a span of a few minutes. Look at the big jump of votes from the day before yesterday.

2) Undecided - no restrictions, I made around 10 votes in a few seconds.

3) No - restricted, had error messages that only appeared in the "NO" option. Was only able to make a single vote after multiple attempts.

Try it out. Download any website testing shareware.

 
At Tuesday, September 06, 2005 10:34:00 AM, Anonymous Anonymous said...

Why not do something more useful like starting up a school chapter or distributing flyers to call public attention to our plight?

 
At Tuesday, September 06, 2005 4:05:00 PM, Anonymous Macario Sakay said...

Tama si vagabond. Tama na ang dada. umaksyon na tayo. Kalimutan na natin yung mga pintas ng pintas na wala namang contribution sa laban natin sa mga Yuchengco.

Meron din akong ambag na ideya. Mag email brigade na rin, lalo na sa mga taga bangko at insurance. Ikalat nyo na yung laman ng flyer thru email at ipadala sa lahat ng nasa address book nyo, laaaalu na yung mga nasa industrya ng bangko at insurance. i-paste nyo na lang sa email, baka matakot pa magbukas ng attachment yung mga makakatanggap. kung marunong kayong magkabit ng link sa file sa site ng coalition, ikabit nyo para makita nila yung flyer.

Ilabas sa publiko ang pandaraya ng mga YUCHENGCO! Mabuhay ang Coalition!

 
At Tuesday, September 06, 2005 4:49:00 PM, Anonymous Shine said...

That's a downright lie. You cannot make multiples votes in a day whether its a Yes, No or Undecided.

Anyone can try voting YES twice and it will say You have voted already for today!

Spin doctor's lies, lies, lies...just like your Boss HYD and PPI...contract agremeents all LIES!!!!

 
At Tuesday, September 06, 2005 6:41:00 PM, Anonymous Anonymous said...

In response to shine:

Shine said...
That's a downright lie. You cannot make multiples votes in a day whether its a Yes, No or Undecided.

Anyone can try voting YES twice and it will say You have voted already for today!
------

I am not a spin doctor but a techie. To prove to close minded people like you, by tomorrow 5 pm Manila time, Undecided votes will number 300++.

I am sure once this happens tomorrow, you will justify it somehow and say that there were suddenly 300 people who vited undecided.

Look at vote results tomorrow at 5 pm.

 
At Tuesday, September 06, 2005 9:26:00 PM, Anonymous Web Admin said...

A message from the PEP Coalition to the techie who tampered with the PEP Coalition website and to the many parents who initially participated in our coalition polls:


"It is unfortunate that we have to bring our poll down as we confirmed through the blog post that a techie has been playing around with the poll’s results. Overnight, the YES votes more than doubled from what it was the day before.

This website is not managed by techies but by parents who believe in truth and integrity. Apparently, there is always a way around technology that allows those more knowledgeable than us to hack and tamper. We put the polls up to see how other parents feel about issues, not influence results. So, even if the poll results are to our favor, showing a big number of YES votes, we cannot in conscience allow this kind of tampering to continue. We hope that the concerned techie realizes that his talents can be put to better use in ways that can contribute positively to this country."

 
At Thursday, September 08, 2005 6:54:00 PM, Anonymous Anonymous said...

So where do we go now for our second sem tuition? What do we do? Is there a pending case? There were plans to pay 2nd sem tuition. But with this new development its seems that this is not possible.

 
At Friday, September 09, 2005 10:46:00 PM, Anonymous Faith said...

The Coalition continues to exert all eforts to make sure that the tuition fee support for the 2nd tri sem and 2nd semster is released soon. If ex Pacific Plans Pres. Garcia's assurance to the Coalition will be honored, the tuition fee releases should be available by October.

Storm the Heavens with prayers that this is so.

 
At Saturday, September 10, 2005 11:04:00 AM, Anonymous mjc said...

This website is not managed by techies but by parents who believe in truth and integrity. Apparently, there is always a way around technology that allows those more knowledgeable than us to hack and tamper.

OW, COME ON! NGAYONG BISTADO NA KAYO, YOU COME OUT WITH THAT CLAIM. YOU, YOURSELVES, HAVE TECHIES TO HELP YOU. ALAM NATIN YAN LAHAT.

 
At Saturday, September 10, 2005 11:41:00 AM, Anonymous Faith said...

To MJC

Who are you beneath the mask you wear?

 
At Saturday, September 10, 2005 1:31:00 PM, Anonymous mjc said...

TO FAITH:

AM ALSO A PLANHOLDER, LIKE YOU! BUT NOT AN EXCLUSIVE PLANHOLDER. YOUR HYPOCRISY IN TRYING TO PROJECT NON-AWARENESS OF TECHNIE TOOLS IS UTMOST FUNNY.

JUST BE REALISTIC. OK LANG NAMAN NA AMININ NYONG MERON DING MAY ALAM SA COMPUTERS SA INYO AND YOU WERE CAUGHT TALAGA.

 
At Saturday, September 10, 2005 3:48:00 PM, Anonymous Anonymous said...

Is it true that PPI's proposal for non-availing plans used this formula: current average tuition support x no. of semesters? Like for example: P 45,000 per sem x 8 semesters, for a total of P360,000 per plan. Was there really a proposal from PPI with regards to this to be given this year? If yes, what happened? Why didnt the coalition not accept it? Or maybe there wasn't any proposal like this at all?

 
At Saturday, September 10, 2005 5:47:00 PM, Anonymous Anonymous said...

I don't think there was any offer like what you stated from PPI...What they finally offered was the same banana. That's why it's doubly painful because we were led to believe by PPI that there was going to be a better offer other than the rehab plan maturing in 2010. Don't you think if there was a better offer, the nego team of PEPC wouldn't agree to it?

 
At Saturday, September 10, 2005 5:51:00 PM, Anonymous boo said...

You know, faith, there is no point in answering this mjc. Kung gusto niyang maniwala na nanloloko ang poll ng PEPC,kahit na hindi, hayaan mo na. Entitled siya sa opinyon niya. Nagsasayang ka lang ng oras sagutin yan.

 
At Saturday, September 10, 2005 6:47:00 PM, Anonymous Sugar Addict said...

Is it true that PPI's proposal for non-availing plans used this formula: current average tuition support x no. of semesters? Like for example: P 45,000 per sem x 8 semesters, for a total of P360,000 per plan. Was there really a proposal from PPI with regards to this to be given this year? If yes, what happened? Why didnt the coalition not accept it? Or maybe there wasn't any proposal like this at all?

CERTAINLY WISH THERE WAS SUCH AN OFFER BECAUSE MANY PLAN HOLDERS WOULD HAVE VOTED FOR IT. UNFORTUNATELY, THE SUPPOSED NEGO WAS JUST A PLOY ALL ALONG. SAD BUT AT LEAST WHEN WE ALL TO THE KINGDOM OF HEAVEN, HUDASNOTPAY WILL WISH OTHERWISE.

 
At Saturday, September 10, 2005 7:32:00 PM, Anonymous Anonymous said...

sa oras na naiisip ko ang ginawa ng mga yuchengco, magkahalo ang aking nararamdaman. Una galit na galit ako sa kanila, pangalawa, ako ay na aawa sa kanila.

naawa nga ako kay helen yuchengco dee. di ko na mana sya kilala personally, pero sa mga naririnig ko sya ang promotor ng pagtalikod nila sa kanilang contrata sa atin.

hirap at pawis ang ginawa ko para lang makabayad ng premium sa PPI.
pero yon pala ay dudugain lang ako ng babaing ito!!!

Naaawa ako sa yo Helen... sa yaman mong yan, tiyak nakahiga ka na sa salapi... kumain at kumakain with silver spoon... at sana ikaw ay makatulog sa gabi kahit na isang oras lamang at sana manatili ka sa kalagayan ng iyong kalusugan ngayon

 
At Sunday, September 11, 2005 8:41:00 AM, Anonymous Anonymous said...

Thanks for the clarification about the proposal that was not real. Unfortunately the offices of PPI in the provinces have used this "propaganda line" saying if NOT for the restraining order of the coaltion the proposal (the one i indicated- P45,000 per sem x 8 sems) could have been given.

 
At Sunday, September 11, 2005 10:43:00 AM, Anonymous sugar addict said...

Thanks for the clarification about the proposal that was not real. Unfortunately the offices of PPI in the provinces have used this "propaganda line" saying if NOT for the restraining order of the coaltion the proposal (the one i indicated- P45,000 per sem x 8 sems) could have been given.

Ok thats something that should be passed on to the Coalition though our provincial chapters have not reported anything on it. Can you be more specific as to which particular provinces?
Thanks

 
At Sunday, September 11, 2005 11:05:00 AM, Anonymous Anonymous said...

Cebu

 
At Sunday, September 11, 2005 7:19:00 PM, Anonymous Shine said...

Is it true that PPI's proposal for non-availing plans used this formula: current average tuition support x no. of semesters? Like for example: P 45,000 per sem x 8 semesters, for a total of P360,000 per plan. Was there really a proposal from PPI with regards to this to be given this year? If yes, what happened? Why didnt the coalition not accept it? Or maybe there wasn't any proposal like this at all?

REPLY:

That was our proposal for the non-availing NOT PPIs, in fact the formula was to use the average of 2005-2006 tuition fee rates x 8 semesters (4 year college plans).

They refused saying the NAPOCOR bonds could not cover our formula and they were not willing to provide any additional funds to cover the shortfall. ERGO, negotiations collapsed.

 
At Monday, September 12, 2005 10:43:00 AM, Anonymous Anonymous said...

In Response to:

"So where do we go now for our second sem tuition? What do we do? Is there a pending case? There were plans to pay 2nd sem tuition. But with this new development its seems that this is not possible."

With the negotiations failing and with the PEP's Coalition recent actions, I doubt it if Pacific Plans will pay our 2nd semester's tuition. First, the "threat" of filing in BSP has been carried out. We don't have any bargaining chip anymore. Second, "the pressure YGC" tactic won't work anymore. YGC has weathered and controlled already our "don't transact with YGC" actions. Going back to this action will have minimal effect to YGC. There is no motivation left for Pacific Plans to pay the second semester's tuition.

Another question is what is the objective now of PEP Coalition, to try and hurt YGC or to appeal to PPI to pay for our kid's tuition? I believe that it is the time to appeal to PPI to pay our tuition and make it an opportunity for PPI to differentiate itself with the other pre-need companies. No more pressure tactics but just plan appeal for compassion to our kids is what we should do.

 
At Monday, September 12, 2005 11:08:00 AM, Anonymous BRO. LONGAN said...

It seems this will not stop even if someone shoots himself in the head.

Remember, what goes around comes around.

You'll have a taste of your own medicine soon enough...

 
At Monday, September 12, 2005 5:03:00 PM, Anonymous Sugar Addict said...

Once Again - The Time is Now!

Just because the negotiations have ended, do not continue to feel sorry for yourself and others. Many school administrators (and even church leaders) are finally beginning to comprehend the pre-need industry crisis and how it is not only affecting the operations of their school but the welfare of the children and parents that attend the school.

Once limited to CAP, financial problems have popped up with Pacific Plans, Platinum Plans and now Professional Plans – and there are many others that will soon follow suit. Add to this the newspaper articles that the Federation of Pre-Need Companies is suggesting that the amounts due to traditional plan holders be set at a certain ceiling!

These developments will lead to a decline in the number of enrollees and an increase in the number of downshifting (moving kids to a lower tier school) students next school year.

School administrators aren’t simply going to sit back and pretend not to know the numbers. Even exclusive schools are beginning to act – one school in the South finally allowed the Coalition to send letters to parents affected by the Pacific debacle while another allowed school wide distribution. Another school is willing even willing to lend its auditorium to have a meeting with the parents and the Coalition.

Remember, more than half the traditional plan holders affected by PPI are non-availing plan holders for High School and College plans.

How to go about setting up school chapter:
- Meet with 3-5 other PPI Education plan holders in your school
- Ask them to call 2-3 others to a meeting and chose a chapter head
- Send an email to contacts@pepcoalition.com for items from “The Armory”
- Get the names of the Head Administrator, Treasurer or Chief Financial Officer of the school
- Write the school for permission to disseminate material for recruiting purposes (the Coalition can help you with this as well)

Now more than ever it is time to get your fellow parents in your schools to be more involved so that WE can all make noise together.

 
At Monday, September 12, 2005 5:11:00 PM, Anonymous Freedom Fighter said...

"Another question is what is the objective now of PEP Coalition, to try and hurt YGC or to appeal to PPI to pay for our kid's tuition? I believe that it is the time to appeal to PPI to pay our tuition and make it an opportunity for PPI to differentiate itself with the other pre-need companies. No more pressure tactics but just plan appeal for compassion to our kids is what we should do."


I dont want to be cynical I think the reason why the Coalition was formed was to make sure there was some order in "appealing" to YGC. When appealing did not work, we did all the things that have happened these last 5 months.

Did not PPI see the looks of plan holders on TV, heard the cries on the radio, read the stories in the press.

Imagine if the Coalition was not there - case in point CAP after 4 (not 1,2,or 3) but 4 separate Senate hearings, with reports submitted to the SEC, hangang nayon, (4 years yata) they have not even decided what to do - you think the "appeals" would be heard.

Please go ahead and write your letter to Ms. Dee and appeal to her. Let us know if she will even bother replying to you.

 
At Monday, September 12, 2005 8:16:00 PM, Anonymous Anonymous said...

If the previous column failed to convince you, go to the Bloggers Forum at www.pepcoalition.com under the topic that encourages plan holders to talk about how this whole debacle has affected them. Send that to Helen and find our how compassionate she is.

 
At Monday, September 12, 2005 8:49:00 PM, Anonymous pep parent said...

Just a clarification:

If you wish to set up a school or provincial chapter, or get connected to one, let us hear from you...

The email address is contact@pepcoalition.com ("contact" , not "contacts")

And for our creative artists out there, the Coalition is on the lookout for a logo that will embody our cause. Visit us at www.pepcoalition.com and see how you can contribute your artistic talents.

We also want to give our children a chance to let out all their feelings about this fiasco. The website also tells you how you can send their artwork to us. We will be putting up a PEP Coalition Kids album to document the work of our children.

 
At Monday, September 12, 2005 9:02:00 PM, Anonymous vagabond said...

The Coalition has been attacked by all sorts of lowlifes unleashed by the HYDRA (Helen Yuchengco Dee's Rampaging Alipores).

Maybe it is time to give YGC a dose of their own medicine. There are a lot of you there with access to computers or at least to internet cafes.

YGC has a lot of websites, RCBC, Malayan, etc. Why not visit those sites for a change and start filling out the forms they have there. The feedback page would be a good start. Flood it with stories of planholders they ripped off. Tell them about Carla, and helpless mother and others.

Malayan has a page where you can file a claim online, file a claim.Put in your name as Helen Dee and fill in all the other fields, hell, make it up as you go along. If enough of you file claims, you could overload the site and shut it down. With your kids idled and out of school....well...

There are a thousand ways of skinning a cat. This is just one way. More to follow.

 
At Tuesday, September 13, 2005 11:30:00 AM, Anonymous bro. longan said...

"With your kids idled and out of school....well..."

What a lousy parent. Melodramatic na, criminal mind pa. One good example for our revered kids.

Soon..

 
At Tuesday, September 13, 2005 11:48:00 AM, Anonymous Anonymous said...

speaking of criminal minds, what could be more criminal than robbing kids of their futures and parents of their hard earned money spent to secure those futures?

Oh brother, "lowlifes" was an accurate adjective.

 
At Tuesday, September 13, 2005 12:27:00 PM, Anonymous Anonymous said...

speaking of criminal minds, what could be more criminal than robbing kids of their futures and parents of their hard earned money spent to secure those futures?

again, criminal minds is relative. how about our 'leaders' who stand to derive percentages from what we will be getting as coalition members.

 
At Tuesday, September 13, 2005 3:42:00 PM, Anonymous Anonymous said...

To poster who said: "again, criminal minds is relative. how about our 'leaders' who stand to derive percentages from what we will be getting as coalition members."

Sorry, but we can't give you credit as a coalition member. Your insinuation that leaders will get "percentages" is not only a shot in the dark but low-down and malicious. So many parents have poured time and their own money to try to keep this coalition going. We are nowhere near matching the peso might of PPI/YGC but we continue to persevere out of love for our children.

The REAL coalition members know just how much time and effort is needed to fight a corporate giant. And all the volunteer parents do this out of personal conviction and moral integrity. I dont think I can say the same for PPI/YGC.

So stop trying to divide us. Your true colors are showing.

 
At Tuesday, September 13, 2005 5:14:00 PM, Anonymous Anonymous said...

not only a shot in the dark but low-down and malicious

Shot in the dark? Malicious? You don't know where you're coming from in making those statements. Guess you're just one of those who are kept in the dark.

Didn't you ever wonder why the lawyers are very active? And the officers too?

 
At Tuesday, September 13, 2005 6:14:00 PM, Anonymous Anonymous said...

I think it is useless, Anonymous, to answer Anonymous who thinks maliciously of the leaders of coalition. It is hard for someone who is used to getting paid for dirty tricks to understand that there are still parents out there willing to stand up for what is right for their children and for other parents without having to get "paid a percentage". Wala na kasi sa dictionary niya yung honesty and integrity.

May the tribe of the coalition increase!

 
At Tuesday, September 13, 2005 7:13:00 PM, Anonymous Anonymous said...

To the lowlife anonymous

"Shoo Fly , Shoo!"

 
At Tuesday, September 13, 2005 7:23:00 PM, Anonymous Anonymous said...

KOREK ka riyan anonymous. the paid hack is being paid by YGC to guard our website and contest whatever comment being posted here and maligned the integrity of the coalition specially its officers and the core group and divide and conquer our members.

Just a FOOD FOR THOUGHT for these spin doctors:

1) Are YOU not bothered by your consience that you and your bosses are depriving thousands of children the right to a GOOD EDUCATION and a BRIGHT FUTURE?

2) Are YOU not a PARENT like us whose only dream is to give our children a BETTER LIVES than our own and who saved, sacrificed and invested our hard earned money to a company like PPI? If you are one, are YOU not ashamed of what you are doing to countless parents who for the past 5 months experienced sleepless nights, and anxiety about the education of the children?

3 Don't YOU have a HEART and CONSCIENCE that YOU continue spreading MALICIOUS LIES and
FACTUAL ISSUES in exchange for the financial gain your get from the Yuchengcos.

Well, if YOUR answer is YES, We PITY YOU.... PRAY that the YUNGCHENCOS will redeem your soul in HELL or BETTER join YOU.

 
At Tuesday, September 13, 2005 8:22:00 PM, Anonymous vagabond said...

bro. longan said...

"With your kids idled and out of school....well..."

What a lousy parent. Melodramatic na, criminal mind pa. One good example for our revered kids.

Soon..


Obviously, you do not have any sense of history. Oppressed people have a tendency to be desperate, and desperate people have a tendency to resort to measures that are often labeled "criminal or terroristic" by the perpetrators of the injustice.

Witness the Sept 11 attacks in the US. While the US may label it as terrorist attacks, to the believers of the "terrorists", it was a perfectly legitimate response to US aggression.

Since they had no weapons to use against the only superpower in the world, they improvised and sent a very stong message. To the oppressed, any weapon that hurts the oppressor is legit.

Don't get me wrong, i do not condone the sept 11 attacks. When you push people far enough, they will strike back and very often the oppressors are surprised at the ferocity of the counter attack. So the Yuchengcos should not be surprised if their victims strike back at them in whatever way they can.

Like i said, thre are a thousend ways of skinning a cat, and there are a thousand ways of getting back at the Yuchengcos. One of the ways could very well be of Sept 11 proportions,i don't know, i haven't thought that far yet.

But why does it even have to get to that level? Why push people that far then cry later that the very people you oppressed are terrorists or criminals?

What i am saying is if you push people to desperation, there is no telling what sort of whirlwind you will reap. Tell your masters that the campaign against them will esalate, and if it reaches their doorsteps, they will have no one to blame except themselves.

We would rather sit back and enjoy the benefits of the plans we paid for with our hard earned money, but if we have to fight for those same benefits because the Yuchengcos choose to make things dificult because of their greed, then so be it.

we did not choose to go to war with the Yuchengcos, but if it is war they want, then we will give them one.


Tuesday, September 13, 2005 11:30:56 AM

 
At Wednesday, September 14, 2005 9:18:00 AM, Anonymous Anonymous said...

"3 Don't YOU have a HEART and CONSCIENCE that YOU continue spreading MALICIOUS LIES and
FACTUAL ISSUES in exchange for the financial gain your get from the Yuchengcos."

What I am spreading for the benefit of others who are likwise kept in the dark are FACTUAL ISSUES as what you've said.

As they say, the fish is caught thru its mouth.

 
At Wednesday, September 14, 2005 10:58:00 AM, Anonymous Anonymous said...

"Witness the Sept 11 attacks in the US. While the US may label it as terrorist attacks, to the believers of the "terrorists", it was a perfectly legitimate response to US aggression."

Let me see! How many countries sided with this method? Likewise, is it proper to contaminate others ('kill' civilians as in 9-11), just to expound on your cause.

As I see it, our cause who voted for settlement should not be subordinated by those of others who only concern is to wage war never mind if there would be collateral damage from 'non-combatants'.

 
At Wednesday, September 14, 2005 2:32:00 PM, Anonymous Anonymous said...

"As I see it, our cause who voted for settlement should not be subordinated by those of others who only concern is to wage war never mind if there would be collateral damage from 'non-combatants'."

Your idea of settlement is probably accepting the rehab plan as is....because that is all that PPI was willing to offer, even while they were offering a truce to discuss negotiations (daw!)

Pumayag ang coalition mag nego because PPI said they would begin from current value (schoolyear 05-06). That was plastered all over the papers (so they cant deny it) and PPI got a lot of mileage out of it. Tapos, in the end, balik sa NAPOCOR bonds?????? Eh why did they ask for negotiations in the first place, isusubo lang pala ang NAPOCOR bonds sa atin? Negotiations ba yun na wala silang bagong offer and yet the coalition already gave in to peg all future availments at present schoolyear's tuition levels? Umatras na nga sa demands ang coalition, nagmatigas parin sila sa NAPOCOR bonds na yan! It was all moro-moro, tapos sinabi pa na hardliners daw ang coalition. Who is the hardliner who refused to budge from the NAPOCOR bonds????

So, dont talk to us about settlement if your idea of settlement is the rehab plan as is. That was an outright rejection by the coalition and you should not be part of our group if you are willing to accept that. We are not war freaks. Our fight is to get something better than the dismal rehab plan for all planholders.

May I suggest you not waste time on us if you want to be paid from NAPOCOR BONDS ALONE. Go to PPI, sign their document saying you agree to be paid out of NAPOCOR bonds alone. We will be better off without your yackety-yak in this blog....So, where do you stand? A fight for a better settlement...or with the NAPOCOR bonds? Yun lang!

 
At Wednesday, September 14, 2005 5:20:00 PM, Anonymous Anonymous said...

Any news about 2nd semester tuition fee releases from PPI?

We hope they release the 2nd sem tuition support or we'd have to borrow at 5/6 rates just to enroll our son.

 
At Wednesday, September 14, 2005 5:20:00 PM, Anonymous Anonymous said...

Any news about 2nd semester tuition fee releases from PPI?

We hope they release the 2nd sem tuition support or we'd have to borrow at 5/6 rates just to enroll our son.

 
At Wednesday, September 14, 2005 9:54:00 PM, Anonymous sugar addict said...

"again, criminal minds is relative. how about our 'leaders' who stand to derive percentages from what we will be getting as coalition members. Shot in the dark? Malicious? You don't know where you're coming from in making those statements. Guess you're just one of those who are kept in the dark.

Didn't you ever wonder why the lawyers are very active? And the officers too?"

Let us not put Anonymous down when he makes these points - you know what - he is correct when he says our lawyers, officers and even members of the core at active because we all "derive percentages from the coalition members."

We derive a percentage of:
- the great feelings received from serving the less fortunate plan holders/coalition members

- the happiness in spreading the truth about the fraudulent machinations of PPI to our fellow coalition members

- spiritual enlightenment when we pray for Helen Dee to wake up and admit her mistake to our fellow coalition members

- the camaraderie and friendship shared by our fellow Coalition members who are doing their share without any complaints

- the compliments and encouragement given by fellow Coalition members

- the creativity sparked by the anger developed from the insinuations and lies that people like Anonymous post.

Your comments just fuels our drive to bring you down even more Thank you!

 
At Thursday, September 15, 2005 7:18:00 AM, Anonymous Anonymous said...

"Your comments just fuels our drive to bring you down even more Thank you! "

Hay naku! Trying to look rational! You are really kept in the dark!

 
At Thursday, September 15, 2005 8:17:00 AM, Anonymous Anonymous said...

Oh pls just like you "always in the dark"

You are so pathetic!

 
At Thursday, September 15, 2005 10:47:00 AM, Anonymous Anonymous said...

who's pathetic anyway!

you're trying to be pictured as valiant and moral when you thrive on our weaknesses.

now you make noise of waging war when your positions have been compromised.

we, the other planholders, are being served as bait by your lust for money. kami, ok lang pero sa inyo, wala atang tatama sa inyo.

what happened nga pala dun sa foundation na niransack nyo just to 'emphasize' your scripted 'inability' to send your children to school?

 
At Thursday, September 15, 2005 11:00:00 AM, Anonymous Anonymous said...

"what happened nga pala dun sa foundation na niransack nyo just to 'emphasize' your scripted 'inability' to send your children to school?"

IS THIS GUY IN THE WRONG BLOG OR WHAT???

Now he is portraying hapless parents who are trying now to make ends meet to pay the next tuition fees as ransackers? And what foundation is he talking about? Naku, I sense utter desperation for lack of MUD to throw at the coalition. My, my, HOW LOW CAN YOU GET????

 
At Thursday, September 15, 2005 3:29:00 PM, Anonymous sugar addict said...

Our Weakness??? Hey boy you aint even a plan holder so get lost

 
At Thursday, September 15, 2005 4:06:00 PM, Anonymous Anonymous said...

"Witness the Sept 11 attacks in the US. While the US may label it as terrorist attacks, to the believers of the "terrorists", it was a perfectly legitimate response to US aggression."

Is this the line of thinking of the majority or you're the only one twisted here?

So is it still the children or, "the hell with it, let's bring the monster down!"?

Perhaps it would be best to lower our noses a bit and try to see how our children would truly benefit from the situation at hand.

Kung para sa mga bata, sa mga bata tayo. Saka na muna yung pagalingan.

If you believe that the coalition has power, so do they. Power vs. power, baka power outage kasunod nyan.

In the meantime.. "suffer the little children"

 
At Thursday, September 15, 2005 4:45:00 PM, Anonymous boo said...

Sa mga nagsasabing coalition member sila pero baka hindi....bakit kayo sumali sa coalition kung ok na sa inyo ang rehab plan??? Tapos ngayon panay reklamo kayo. Kung tutuong miyembro kayo, eh di tumulong kayo! Reklamo kayo ng reklamo. Ano ba nagawa niyo para maitaguyod ang "laban" natin para sa katotohanan?? Kayo na niloko, payag pa kayo! Ewan ko kung ano ang tawag niyo sa sarili ninyo? Let me guess....s----d?

 
At Thursday, September 15, 2005 5:58:00 PM, Anonymous Anonymous said...

Our Weakness??? Hey boy you aint even a plan holder so get lost

2 plano ko. fyi

 
At Thursday, September 15, 2005 6:01:00 PM, Anonymous Anonymous said...

Now he is portraying hapless parents who are trying now to make ends meet to pay the next tuition fees as ransackers? And what foundation is he talking about? Naku, I sense utter desperation for lack of MUD to throw at the coalition. My, my, HOW LOW CAN YOU GET????

Hay naku! Magtanong kayo dun sa exlusive school sa may ortigas avenue, greenhills malapit sa santolan. Malalaman nyo kung gaano ang asar/galit sa inyo ng mga myembro.

 
At Thursday, September 15, 2005 6:03:00 PM, Anonymous Anonymous said...

bakit kayo sumali sa coalition kung ok na sa inyo ang rehab plan???

eh baliw ka pala! nagpapoll kayo tapos d naman kayo sumunod sa kinalabasan.

 
At Thursday, September 15, 2005 6:23:00 PM, Anonymous Anonymous said...

The Yarn from Spin Doctors

There's no way you can stop PPI spin doctors from doing what they are paid to do. Since PPI or Helen Dee and her cohorts cannot argue their position rationally, they unleash their spin doctors to confuse the issue and to hurt and anger the parents even more.

For our part let's not fall into their psychological trap. Let the spin doctors do their thing. That's their livelihood. They're probably parents too caring for their children, only that their livelihood makes them compromise some basic human values like truth, integrity and justice.

Let's just follow the "an eye for an eye and tooth for a tooth" principle. Each time they clobber us with their lies and distorting fantasies, let's hit back at Helen Dee and the Yuchengcos. Anyway, it's Helen Dee whose paying for their services.

One can begin by looking into the allegedly grim relationship between Helen Dee and her son. Some people close to her had said that what she is doing with our children merely mirrors what she has done to her son. This yarn(?) has been told by one of Helen Dee's own spin doctors. Could you believe that?

 
At Thursday, September 15, 2005 7:27:00 PM, Anonymous Anonymous said...

hahaha! okay yan! mamersonal tayo!

 
At Saturday, September 17, 2005 8:48:00 AM, Anonymous Anonymous said...

To Mr. 2Plan

if you really a plan holder what is your problem? You dont like what the Coalition is doing fine you are entitled to your own opinion - why bother with this blog? You pissed about something? If the LSGH chapter is pissed off with the Coalition we have not heard about it why not tell us why?
Mag intriga ka pa? Pls we can tell the real plan holders from the fakers like you.

 
At Saturday, September 17, 2005 9:06:00 AM, Anonymous freedom fighter said...

Hey "Mr. 2Plan Kuno"

August 19, 2O05
Dear Parents,
Greetings from the Finance Resource Development Department - La Salle Green Hills!
A group of Alumni parents are creating a support group of parents with PEP PLANS.
And they are seeking the help of the school to provide them a list of parents and their contact numbers who are also plan holders. With this support group they feel they can fight the rehabilitation process that PPI is forcing on the plan holders. However, since the school is bound
to its obligation to you to keep such information confidential may we instead request you to coordinate directly to the Alumni Office should you wish to part of this support group. You may contact the Alumni Office and look for Ms. Pemcy or Ms. Ludy at telephone numbers 721-27-29,
726-63--39 or 72~L-2000 loc 703.
Thank you very much.
Yours in St. La Salle,
Bro. Bernard S. Oca, FSC
President

So what were you saying may galit na plan holder sa LSGH? Ano ngayon?

 
At Saturday, September 17, 2005 11:28:00 AM, Anonymous Anonymous said...

Is there a chance PPI will release second sem tuition support? Or are the releases only for fixed plan holders?

 
At Saturday, September 17, 2005 2:46:00 PM, Anonymous freedom fighter said...

(from pepcoaliton.com website)

Court grants Pacific Plans supplemental bid on rehab
Friday, 16 September 2005
By Carlo Leo C. Manuel
The Daily Tribune

Yuchengco-owned Pacific Plans Inc. (PPI) received a break of sorts from its problems after the Makati Regional Trial Court admitted its supplemental petition in relation to the company's petition for rehabilitation filed last April 7.

In his order, Judge Romeo Barza of Branch 61 of the Makati City RTC said there is basis to admit the supplemental petition.

“Indeed, the order of the Securities and Exchange Commission (SEC) and the court are events which occurred after the filing of the petition. The supplemental petition merely supplements the petition of April 7 and reflects the consolidation of the assets and liabilities of LPI (Lifetime Plans Inc.) with PPI, following the loss of LPI's corporate personality,” he said. “The supplemental petition satisfies the requirements of the provisions of Section 2, Rule 4 of the Interim Rules of Procedure on Corporate Rehabilitation.”

The SEC issued an order last May 24, revoking the corporate personality of LPI, the spin-off company of PPI.

PPI filed the motion to admit the supplemental petition last Aug. 8, with an attached supplemental petition alleging in substance that the filing was necessitated by events occurring after its filing for rehab (SEC's decision to revoke LPI's corporate personality). The court's approval is expected to improve the chance of PPI of having its petition for corporate rehab approved.

“Moreover, this court in issuing the order dated April 12 has found the petition dated April 7 sufficient in form and substance and thus, contrary to the allegations of oppositor Piezas, may be supplemented,” Judge Barza noted.

A certain Celine Piezas and others filed last June 20 a Motion to Strike Petitioner's (PPI) Consolidated Comment Off the Record with an Alternative Motion to Admit Oppositor's Rejoinder.

---------------------------------------------------------------------------------

I have some questions for PPI:

Your negotiations with the PEP Coalition officially started Aug. 2 (although you [PPI] had moved it several times since its original date on July 25).

1. Why, when you were supposed to be in negotiations for a supposed settlement with the coalition (between July 25 and August 25), were you filing a supplemental petition on Aug. 8 that is supposed to improve your chances of the rehab plan being approved?

2. Is it possible you never meant to offer us a better deal, which you agreed would be premised on current school year levels (as printed in all major papers)?

3. Did you plan all along to bring us into a 30-day lull so that our members would back down from their anger and in the process give you time to recoup your losses?

4. Was your offer to negotiate done with one hand being proferred to us in "PEACE" but with the other hand behind your back holding a knife ready to stab us all in the back?

5. Is Judge Barza poised to pull the rug out from under our feet anytime to pass the rehab plan?

Coalition members, stay alert and vigilant.

 
At Saturday, September 17, 2005 9:04:00 PM, Anonymous Anonymous said...

PPI Legal Commandos

Even while the negotiation between PPI and the Coalition was in progress -- seeking as they do a win-win situation for the two contending parties -- Helen Dee commissioned her legal team to file a petition with the RTC seeking a ruling that would prevent the use of the excess funds in the trust funds of other products to cover the shortfall for traditional plans. The Court is yet to rule on this petition.
Strangely, this was the formula or strategy suggested by then PPI President Sonny Garcia to ease somewhat the pressure re fund shortfall.

Of course Sonny Garcia eventually resigned as PPI President. But that is not the point. While we commend Sonny Garcia for his creative imagination as well as compassion, we find the move of the PPI legal team to be underhanded and unconscionable. It is an unmistakable indication of bad faith. Even as an imaginative and brilliant proposal was advanced in the course of the negotiation by the head of the PPI team, yet some PPI legal commandos made moves behind the scences as it were to defeat the proposal. Question: are these the people you can trust? Can you still trust them when they sell you a pre-need product which they promise to honor in some future time?

Moreover, why should the matter be brought to the Court when the Securities and Exchange Commission testified in the Congressional Hearing that using the trust fund of one program to assist another program within the same corporation is and has been allowed for PPI?

What will the Court do? What will the SEC do? What will the Coalition do? What will the parents do? What will the children do?

 
At Sunday, September 18, 2005 8:53:00 AM, Anonymous freedom fighter said...

For all of PPI's and YGC's power and money, the truth can never be hidden.

There are many other skeletons in their closet and they will point to the same conclusions.

Willful intent to mislead regulators and the public,gain sympathy from the courts,avoid paying their contractual obligations and deprive kids of their right to education.

If they can do this to ordinary parents and children, they can do the same to anyone else without feeling and care.

So dont be surprised if you wake up one day and YGC does not pay for your insurance benefits.

Lifetime/PPI Slogan:
"Plan for a Lifetime"

Well Helen, we all did just that - we all "Planned for a Lifetime".So be prepared for a lifetime with the Coalition.

 
At Sunday, September 18, 2005 4:47:00 PM, Anonymous Anonymous said...

Righto Freedom Fighter.

If we cannot get justice from our courts, what is called cosmic justice will enter the picture and set things aright. In the law of the universe, things ultimately balances out. Put a hot and cold plate together, their temperature will even out after sometime. That's the inevitable trend towards equilibrium.

In the case of Helen Dee and her commandos, they may feel giddy today for having taken advantaged of poor PPI parents now banded under the Coalition. But sooner or later, cosmic justice will prevail and even things out. Helen Dee and her commandos, including the justice system that patronizes them will sink into perdition, in keeping with the law of the universe (or what others would prefer to call: God's justice.

 
At Monday, September 19, 2005 1:57:00 AM, Anonymous Anonymous said...

…may I, mighty mike make a suggestions?
The long hot summer months have passed and the cold yuletide months a coming, and we’ve been blogging for so many moons passed!
May I suggest that; 1. Somebody good in writing, draft an appeal letter re our sorry dilemma about our children’s future education. Chain letters that we can signed and send to our families, friends etc., here and abroad, appealing that they send it to their families and friend alike fore warning that they too can be the next victim of the YGC, and their BAD BUSINESS PRACTICE should never be tolerated in our poor country. This is the easiest way all concerned can fight injustice in our mother land…( What will the Court do? What will the SEC do? What will the Coalition do? What will the parents do? What will the children do?)
Lets list down ALL the YGC to boycott in our appeal letter.
2. Make an YGC LOGO CONTEST making BAD FAITH as the theme of the logo contest. (for my entry, a black square coffin with a square window showing the YGC blue logo inside with words around the four sides of the coffin, CORPORATE SWINDLER, GREED,BAD FAITH, EVIL EMPIRE, etc. In Chinese Feng Sui number four or four sides signify a coffin or a box as you are boxed in, bad luck! So putting the YGC logo inside the coffin is a bad sign for the YGC and will definitely bring their downfall! If this logo or any other logo we chose to use is used in our letter head, t-shirt, and all media items, it will create a mental mantra through out the land and possibly be featured in the international business magazines and newspapers and this will surly accelerate the downfall of the YGC worldwide. 3. Lets focus more on things that will make the YGC pay their dues just as we did with penalties and interest every time we default on the contract they let us signed when we gave our hard-earned money to them. Lets not give credit to their paid hacks who works on our blogsite. That’s their daily bread from the YGC and there is nothing we can do for them but pity, for they have to slave for the YGC for food to feed their children. Pity their children at least ours are just fighting for their education. Their word Pathetic is really aft for them and their family. May God’s mercy be with all of us.

 
At Monday, September 19, 2005 8:50:00 AM, Anonymous Anonymous said...

So what were you saying may galit na plan holder sa LSGH? Ano ngayon

Hay naku! LSGH lang ba school sa greenshills?

 
At Monday, September 19, 2005 9:10:00 PM, Anonymous freedom fighter said...

For Mr. 2Plan Kuno
Hay naku! LSGH lang ba school sa greenshills?

Okay so Poveda, we have a Chapter there and the school is helping us. ICA and Xavier? Our biggest Chapter - so any other schools you have in mind? Why dont you name it so we can test your theory? Problem is you dont work on weekends and have not come up with any thing substantial to refute our replies. Our of words or ideas?

What else is new?

 
At Tuesday, September 20, 2005 7:52:00 AM, Anonymous Anonymous said...

try asking dun sa mga schools na un. bumaba kayo sa pedestal nyo para makita ang sentimyento ng mga kawani ng eskuwelahang yun.

 
At Tuesday, September 20, 2005 10:20:00 AM, Anonymous Anonymous said...

Pacheck nyo kasi yung alumni funds, it was made available for "chosen" people lang daw.

Talk about misuse of percieved power... ni hao ma?!

 
At Tuesday, September 20, 2005 10:21:00 AM, Anonymous Anonymous said...

Pacheck nyo kasi yung alumni funds, it was made available for "chosen" people lang daw.

Talk about misuse of percieved power... ni hao ma?!

 
At Tuesday, September 20, 2005 10:21:00 AM, Anonymous Anonymous said...

This comment has been removed by a blog administrator.

 
At Tuesday, September 20, 2005 10:24:00 AM, Anonymous Anonymous said...

Pacheck nyo kasi yung alumni funds, it was made available for "chosen" people lang daw.

Talk about misuse of percieved power... ni hao ma?! (yan na lang kasi masama magmura)

 
At Tuesday, September 20, 2005 10:24:00 AM, Anonymous Anonymous said...

Pacheck nyo kasi yung alumni funds, it was made available for "chosen" people lang daw.

Talk about misuse of percieved power... ni hao ma?! (yan na lang kasi masama magmura)

 
At Tuesday, September 20, 2005 11:33:00 AM, Anonymous Sparrow said...

WELCOME TO THE COALITION!

I heard through the sourgrapevine (actually from some high placed RCBC officials and disgruntled spin doctors) that Helen Dee is such a domineering woman that whatever she says goes. No one even dares to disagree with her much less tell her she's wrong. I was also told that the old man Al refers to her as the "Empress" meaning she makes all the decisions re the Yuchengco corporate matters.

Now, that's really bad. Bad for all the corporate officers around her, and bad, most of all, for the Yuchengco family fortune. PPI is gone. Lifetime Plans is in coma. RCBC is in the Intensive Care Unit. Sooner or later other companies will follow like Malayan Insurance and others. Who will suffer? Make no mistake about this: the rest of the Yuchengco family, including the grandchildren who are the legitimate inheritors of the Yuchengco fortune. Like the parents of the Coalition and their children, these Yuchengco grandchildren are going to be victims of Helen Dee's corporate misadventures and moral blindness.

What can they do? They can either band together to take a moral stand against the Empress and save the Yuchengco fortune for themselves or they can join the Coalition.

I am sure the Coalition will welcome them and celebrate their freedom.

 
At Tuesday, September 20, 2005 11:53:00 AM, Anonymous Anonymous said...

I am sure the Coalition will welcome them and celebrate their freedom.

Wala na! You're really getting smaller, literally and figuratively.

hindi na ba nadagdagan ang 153 members nyo?

 
At Tuesday, September 20, 2005 12:01:00 PM, Anonymous Anonymous said...

Pre-need firm holds roadshow for planholders OK on scheme


Tuesday, 09 20, 2005

Pre-need firm Professional Financial Plans (TPG) said it is on track in its bid to secure the approval of some 20,000 open-ended educational plan holders for a program that will redefine its pay-out system and eventually convert the pre-need firm into a financial holding company.

TPG officers led by its chairman Francisco Colayco are presently doing a nationwide road show to convince plan holders to support its Scholars Trust Fund with Equitable Pay-out for Unified Preservation (Step-up) Program.

Colayco reported that so far, majority of the planholders they have presented in the Visayas and Mindanao have expressed support for Step-up.

The Step-up program proposes a 15-percent cap on the average return on gross price for plan holders and scholars.

The Securities and Exchange Commission (SEC) has expressed keen interest in the program. SEC chairman Fe Barin said they would pose no objection to the implementation of the program provided TPG gets the approval of the majority of its plan holders.

Barin also commended TPG for coming up with Step-up. “Its good that they know what they are doing by exploring ways and means to solve an industry their problem they are anticipating,” she said.

The SEC is looking at the program as a possible blueprint for the pre-need industry as a concrete measure to address the problem of continued availments of open-ended educational plans.

The program calls for preserving the company's trust fund and reserving a portion of scholars' availment benefits as equity in a financial holding company that will have interests in a diverse portfolio of financial services.

“So far we have received very encouraging feedback from our plan holders. We have received actual conversions. We explained to them the concept of Step-up and the conversion of TPG from a purely pre-need company into a broader financial holding company, with pre-need to be just one of the many services and interests we will be investing in once we convert the company,” Colayco said.

When TPG is finally transformed into a holding company, planholders will be rewarded because the planholders' educational plans will be converted into common and preferred shares in the new company, thus converting the plan holders into owners of the new company who shall be entitled to their share of operating profits, he added.

The Step-up program addresses the effects of UTI or Uncontrolled Tuition Increases that began in 1993-1994 and which has ravaged the pre-need industry.

Pre-need industry studies showed that tuition fees among private higher education institutions were estimated to have risen by an average of 275 percent from 1990 to 1995.

 
At Tuesday, September 20, 2005 12:32:00 PM, Anonymous Anonymous said...

"hindi na ba nadagdagan ang 153 members nyo?"

- dati, paid hack claimed the coalition only had 6 members; now he says we are 153 (so may increase na pala, haha)
- wonder why he/she spends so much time trying to confuse the issues and create havoc for a supposedly 153-strong coalition only (there's no need to pay attention to 153 people if the majority are already with you, di ba?)

So paid hack, rethink your strategy. Your constant posts here show that your bosses are WORRIED SICK about what the coalition's forces can do to them.

 
At Tuesday, September 20, 2005 3:21:00 PM, Anonymous Anonymous said...

WORRIED SICK about what the coalition's forces can do to them.

actually, the whole majority of the planholders are sick and tired of you, you spoiled brats.

 
At Tuesday, September 20, 2005 7:15:00 PM, Anonymous Anonymous said...

CLARIFYING THE FACTS...

I am a planholder who submitted my SPA to the coalition. I am one of those whose submitted the SPA during the negotiation period in the hope that something beneficial comes out of it. However, I also believe that the rehab plan is above board considering the alternatives considered by the other distressed pre-need companies.

I would like to analyze first the conditions surrounding the negotiations. Everyone is aware that PPI was not all open to negotiations. PPI never approached the coalition for negotiations. It was only during the renaming of the street in Manila, wherein the coalition expressed objections and Mayor Atienza opened roadways to PPI. The fact is that we initiated negotiations. Also, we threatened PPI to negotiate or else will file a case in BSP. This was what paved the way for formal negotiations. Thus, the coalition cannot claim that PPI planned the "negotiations" to do something behind our back since it was our initiative in the first place.

Someone asked:

"Why, when you were supposed to be in negotiations for a supposed settlement with the coalition (between July 25 and August 25), were you filing a supplemental petition on Aug. 8 that is supposed to improve your chances of the rehab plan being approved?"

Coalition emphasized so many times that the negotiations only favors the members of PEP coalition. This is the only reason I submitted my SPA. I remember the numerous e-mails claiming that if negotiations are successful only those with SPAs will be considered. This also implies that the rehab petition is independent from the negotiations. The courts were never advised of the negotiations.

Too much talk already about the failed negotiations. The fact of the matter is that rehab is the only viable option and I will take it. I will rescind my SPA in a couple of days as I don't want to get entangled in any legal problems that coalition may face. Good luck to all of you.

 
At Tuesday, September 20, 2005 7:22:00 PM, Anonymous Sparrow said...

Rethink? With What?

Paid hacks to rethink their strategy? They have nothing between their ears to do such rethinking. They can't even think.

At any rate, the imperious style of Helen Dee's management can bring nothing but total corporate disaster. She has to be stopped, not by the Coalition, but by the people close to her -- for her sake and for the sake of the entire YGC company.

I find it unthinkable that people like Cesar Virata, Rizalino Navarro, and other corporate luminaries allow themselves to be used by Helen Dee. For money? Whatever the amount, it cannot match the loss of prestige and credibility that comes with identification with the misguided Empress. I know of other big names who openly say they cannot talk to Helen Dee. That could mean the entire PPI corporate fiasco is Helen Dee's own making. But even if this is so, Cesar Virata, et. al. will have to share the blame for the corporate crime committed against the plan holders who trusted in the Yuchengco name.

 
At Tuesday, September 20, 2005 8:01:00 PM, Anonymous Anonymous said...

I am a planholder who submitted my SPA to the coalition. I am one of those whose submitted the SPA during the negotiation period in the hope that something beneficial comes out of it............ Too much talk already about the failed negotiations. The fact of the matter is that rehab is the only viable option and I will take it. I will rescind my SPA in a couple of days as I don't want to get entangled in any legal problems that coalition may face.


This is a classic example of a Spineless OPPORTUNIST. Someone who will not take a stand, but is ready to reap the rewards others worked so hard for when the time is ripe. What a disgusting creature. Just like the paid hacks who stop at nothing to promote their evil sponsor's designs.

Excuse me while i throw up.

 
At Tuesday, September 20, 2005 8:47:00 PM, Anonymous Anonymous said...

To poster who said: "The fact of the matter is that rehab is the only viable option and I will take it. I will rescind my SPA in a couple of days as I don't want to get entangled in any legal problems that coalition may face."

You are free to rescind your SPA. It is just disappointing that you joined us for the WRONG REASONS....that you only joined when things were going your way (or so it seemed) but at the first hint of trouble, you back out. Many of us who joined did so without knowing whether we will get what we deserve out of the contractual obligation of PPI. You can't expect to have your cake and eat it too.

And let us just clarify the "facts" as you call them because they are NOT the facts:

1. The Coalition had set July 21 to file the BSP complaint, with press conference after. The papers were all ready. Last-minute calls FROM PPI'S SIDE caused that to be set aside. The premise agreed upon by both sides was that the negotiating team would use CURRENT SCHOOL YEAR LEVELS as starting point (never rehab plan as starting point, which the coalition rejected from the onset). So, instead of a press conference to announce the filing of the BSP complaint, it was transformed into one announcing the start of negotiations. I do not know where you got the idea that PPI never asked for negotiations. If they had not made 11th hour calls the day before the BSP complaint was to be filed, it would have gone through July 21 instead of Aug. 31.

2. Negotiations are extrajudicial in nature (settlement depends on what the negotiating parties agree on, which is independent of the courts). Tell me, how can the coalition negotiate EXTRAJUDICIALLY for someone who never gave his/her power of authority to the coalition to negotiate? How can someone, who did not confer his authority on the coalition, benefit from a settlement that is EXTRAJUDICIALLY settled by the coalition? An intra-court settlement would have applied to all but extrajudicial settlements benefit the parties who enter the negotiations. It looks like you only gave your SPA at the last minute to receive the benefits from a coalition that has been slaving over this since April but you were not ready to support what it stood for.

3. PPI could never be "forced" into negotiations unless they wanted to enter into it. HYD has shown she is more hardened than that. We also would NEVER have gone into negotiations if the rehab plan was all they were willing to offer after 30 days of negotiations (kuno). Come on, that was what we rejected outright. Why would we waste 30 more days if that was all they had to offer? Nothing new?

Since you believe so sincerely in the rehab plan as "the only viable option" as you put it, I hope you show your kids you are willing to stick by that statement come hell or high waters, just in case the tide turns back in our favor later.

 
At Wednesday, September 21, 2005 8:03:00 AM, Anonymous Inxs Rocks said...

This comment has been removed by a blog administrator.

 
At Wednesday, September 21, 2005 9:29:00 AM, Anonymous Anonymous said...

then perhaps you should band together with others who were not qualified and make a case to the school

we are just ordinary employees, without peptrad, in the school whose contributions to the fund are being malversed for your sake. please stop your 'show' of being unable to send your children to school that's why you have to dip into the coffers of the alumni fund.

 
At Wednesday, September 21, 2005 2:43:00 PM, Anonymous Anonymous said...

Grabe na talaga ang mga akusasyon, pati alumni funds inaakusa na rin sa Coalition!

Talagang wala na bang putik ang maihagis ninyo na kahit anong wild accusation na ang pinaparatang ninyo? Magpakalalaki ka, give your name, the name of the school involved, the name/s of people you claim are malversing funds (if that is even true) and show proof of your accusations. Until you do that, you are considered a rumor monger only.

 
At Wednesday, September 21, 2005 3:12:00 PM, Anonymous Anonymous said...

I think it is also easy to verify if this rumor monger has any basis. Since he posted at 9:29am (during working hours) and since he claims to be an office employee of a school, it is easy to trace his ISP address and compare that with the ISP addresses used by the schools along Ortigas Ave. Tingnan natin kung talaga bang totoo itong taong ito....

The ISP address, assuming it will even turn up belonging to a particular school, will identify the user of a particular computer station at that particular time. I really doubt it though if an ordinary employee from a school will even have interest to enter our blog (wala naman siyang plans) to post this accusation.

...mukhang si paid hack na nagpapanggap uli...

 
At Wednesday, September 21, 2005 3:23:00 PM, Anonymous Anonymous said...

Magpakalalaki ka, give your name, the name of the school involved, the name/s of people you claim are malversing funds (if that is even true) and show proof of your accusations. Until you do that, you are considered a rumor monger only.

Then you might as well considered yourselves as rumor mongers too.

 
At Wednesday, September 21, 2005 3:33:00 PM, Anonymous Anonymous said...

The ISP address, assuming it will even turn up belonging to a particular school, will identify the user of a particular computer station at that particular time. I really doubt it though if an ordinary employee from a school will even have interest to enter our blog (wala naman siyang plans) to post this accusation.

...mukhang si paid hack na nagpapanggap uli...

ang galing! dapat sa intelligence ka. at least matawag kang intelligent. hehehe. for you to say that an ordinary employee can even have an interest is too much. why? with the way you are wrecking havoc on our funds, its our right to voice out our apprehensions on this.

hindi ako nagpapanggap. unlike you, nagpapanggap na walang perang pampaaral pero sa mga sasakyan na lang, pwede ng pang-enrol.

 
At Wednesday, September 21, 2005 3:38:00 PM, Anonymous Anonymous said...

This paid hack really wants to have the last word, doesnt he? Guess that's what he is paid for.

My own opinion is that no employee will go to this blog if he is accusing someone of fund malversation in his employer-school. He would go directly to the school who is supposedly the victim.

The fact this person is here is because he is paid to introduce any issue to make the coalition look more dishonest than his boss, never mind if the issues dont make sense.

Next dirty issue, paid hack. Ano pa ang maisip mo? Sige nga, mag brainstorm naman kayo.....katawa-tawa na kasi ito...and remember...you are doing this on office time....the more you answer us, the more you prove you are not a school employee because no school employee will even have the time to linger around a computer and make all these posts....

 
At Wednesday, September 21, 2005 4:01:00 PM, Anonymous Anonymous said...

Dyan ka nagkakamali, person of intelligence.

while i am just an ordinary employee, i am not like you who prey on others whose contributions to the funds are now being endangered.

Saka am not a paid hack.

Buti ka pa! You own your company kaya you have time to watch over your blog.

 
At Wednesday, September 21, 2005 4:25:00 PM, Anonymous Anonymous said...

RCBC has highest Dosri among banks — BSP data
Tuesday, 20 September 2005
By Jun Vallecera
The Daily Tribune
Tuesday (09/20/2005)


The bank with the largest amount of loans extended to its directors, officers, shareholders and related interests (Dosri), was identified by the Bangko Sentral ng Pilipinas as the Rizal Commercial Banking Corp. (RCBC) of the Yuchengco family.

RCBC, meanwhile, was reported in Agence France Presse as being in talks with unnamed foreign financial institutions over a possible capital injection for the bank.

RCBC is seeking to improve its capital base “via a long-term strategic alliance with another institution that will not only infuse capital but also enhance business development and the technological expertise of the bank,” it told the Philippine Stock Exchange in a disclosure letter.

The bank earlier said it plans to raise its capital by between 22 percent to 36.7 percent to P14.1 billion either by selling more shares to the public or through an injection of fresh funds from either existing or new investors.

The Yuchengco family of controls RCBC, with Japan's UFJ Bank holding about 17 percent.

Data the BSP published at its internet or web address show RCBC's DOSRI borrowings as the highest among peers at 14.5 percent, or already approaching the allowed limit.

RCBC is the country's 9th largest lender by assets but it allows the people that finance and manage the bank to borrow the money entrusted to them in amounts very close to the limit imposed by regulations.

Its Dosri loans total P12.87 billion as at June 27 this year, far more than similar loans given to the Dosri of the number one bank in the country in terms of assets.

Rules cap Dosri borrowings to only 15 percent of any bank's total loan portfolio.

Dosri loans also should not exceed 100 percent of net worth and BSP examiners regularly check on both these figures because the rules mandate strict compliance.

No other local bank has as much volume of Dosri loans as RCBC has based on financial statements submitted to the BSP as at June 27 this year.

The country's largest lender, the Metropolitan Bank and Trust Co. owned by taipan George SK Ty, has Dosri loans equal to only 4.58 percent of portfolio.

But then, Metrobank's assets total P474.52 billion while RCBC can only show P168.055 billion, BSP figures show.

In terms of return on equity (ROE), which tells how efficiently the bank has been making use of its money, RCBC is ranked No. 31 at 4.05 percent.

The ROE reveals how well any bank is holding its own against competitors like Metrobank whose ROE was 9.14 percent and ranked number 20 among peers by the BSP while the Bank of the Philippine Islands has superior ROE of 14.73 percent and ranked 10th best.

 
At Thursday, September 22, 2005 9:19:00 PM, Anonymous Anonymous said...

Hack is back!
He wants his 2Plan Back..
Grey is Grey - since he paid his way oh ho.... what can he do?! -
as heeeeeee should go Yuchengco!!

 
At Friday, September 23, 2005 7:44:00 AM, Anonymous paul said...

Hack is back!
He wants his 2Plan Back..
Grey is Grey - since he paid his way oh ho.... what can he do?! -
as heeeeeee should go Yuchengco!!

Kaya naman pala walang pinuntahan ang negotiations natin eh. Kung ganyan ang reasoning ng mga nasa panel, we can never expect sanity with them.

 
At Friday, September 23, 2005 7:45:00 AM, Anonymous paul said...

Hack is back!
He wants his 2Plan Back..
Grey is Grey - since he paid his way oh ho.... what can he do?! -
as heeeeeee should go Yuchengco!!

Kaya naman pala walang pinuntahan ang negotiations natin eh. Kung ganyan ang reasoning ng mga nasa panel, we can never expect sanity from them in dealing with crucial issues.

 
At Friday, September 23, 2005 10:28:00 AM, Anonymous Anonymous said...

Filipinos are forgiving, loyal and resilient. And this might be what’s preventing them from moving forward, United States Embassy Chargé d’Affaires Joseph Mussomeli indicated yesterday.

"Filipinos are a very happy and content people. But there should be some rational basis for it. People are too tolerant, too long-suffering sometimes. And so I think these three virtues have impeded the progress of the Philippines," he told the Foreign Correspondents Association of the Philippines (FOCAP) at the Manila Hotel.

Mussomeli called on Filipinos to rethink these "virtues" in the next 20 years for the country to fulfill its potential. "Such a great potential, such great people," he said of the Philippines. "There is no reason to be falling behind the rest of Asia."

The outspoken Mussomeli, who was appointed to be the next US ambassador to Cambodia, said during his "farewell forum" that the government should seriously implement reforms to bring about progress.

He said that because Filipinos are too forgiving, erring government leaders and officials never learn their lessons because nobody is ever really punished or put in jail for a long time.

"I think that the Filipino culture and society is a victim of its own virtue, that its strong sense of forgiveness — which is obviously a virtue — can sometimes prevent accountability and responsibility that any civil and modern society needs," Mussomeli said.

He pointed out that "people were never held to account, (going) back to (the late dictator Ferdinand) Marcos. No one with any power or money seems to ever be put in jail for long. I think it is a good thing to be forgiving and certainly the alternative is far worse. But there needs to be accountability. Nobody ever learned a lesson because nobody is really punished in the long run."

Mussomeli stopped short of saying that erring Philippine government officials can get away with the crimes they commit.

Most of the plunder charges filed against Marcos, his family and cronies have failed to result in convictions, a fact that could encourage the further commission of crimes by those in government.

The top US official in the country stressed that loyalty to family and friends is another virtue that prevents Filipinos from upholding justice and the rule of law.

"Loyalty needs to be more than just for family and friends. But it is a strong impulse in many cultures, including the Philippines. Loyalty to family comes first before anything, including country," he said.

Mussomeli cited a personal experience involving his neighbor’s son, who threw stones at his official residence in Makati City and threatened to kill him.

"The neighbors were very nice people and they were very embarrassed by what their son did. But their first impulse was to protect their child and they never thought that (taking) him to account in a court of law was really an acceptable possibility," he said.

Mussomeli observed that most Filipinos would first seek to protect members of their families rather than concerning themselves with the rule of law or justice "because you always take care of the people you love and that is a real detriment to modern society."

He also said the Filipino virtue of "resilience," wherein individuals quickly recover from setbacks, makes people easily forget the cause of their suffering instead of rectifying past mistakes. — Pia Lee-Brago

 
At Friday, September 23, 2005 10:30:00 AM, Anonymous Anonymous said...

Anonymous said...
THE YUCHENGCOS ARE RICH, WE ARE POOR. THEY ARE POWERFUL, WE ARE NOT. THE YUCHENGCOS ARE FEW, THE PEP PLANHOLDERS ARE MANY. WHY NOT USE THE LATTER TO OUR ADVANTAGE. MAKE POSTERS/ LEAFLETS INDICATING OUR SENTIMENTS AGAINST THE YUCHENGCOS, AND POST IT IN SCHOOLS, MALLS, AND BUSINESS CENTERS. BOYCOTT THE YUCHENGCO GROUP OF COMPANIES.

1) MALAYAN INSURANCE COMPANY, INC.
2) MALAYAN REINSURANCE CORP.
3) MALAYAN INTERNATIONAL INSURANCE CORP. LTD
4) THE FIRST NATIONWIDE ASSURANCE CORP.
5) MALAYAN INSURANCE CO. (HK) LTD.
6) MALAYAN INSURANCE CO.(UK) LTD
7) MALAYAN ZURICH INSURANCE CO., INC.
8) TOKIO MARINE
9) GPL HOLDINGS, INC.
10) GREPALIFE
11)PACIFIC PLANS, INC.
12) PAN PACIFIC COMPUTER CENTER, INC.
13) GREPALAND, INC.
14) NIPPON LIFE OF THE PHILIPPINES
15) HOUSE OF INVESTMENTS, INC.
16) EEI CORP.
17) PHILROCK, INC.
18) LANDEV CORP.
19) HI-EISAI PHARMACEUTICAL INC.
20) HONDA CARS- FAIRVIEW
21) HONDA CARS - MANILA
22) HONDA CARS- MARIKINA
23) ISUZU MANILA, INC.
24) ISUZU COMMONWEALTH
25) iPEOPLE, INC.
26) MAPUA INSTITUTE OF TECHNOLOGY
27) PEOPLE ESERVE
28) FUNERARIA PAZ, SUCAT, INC.
29) MANILA MEMORIAL PARK CEMETERY
30) FIRST MALAYAN LEASING ANMD FINANCE CORP.
31) ZAMBOANGA INDUSTRIAL FINANCE CORP.
32) RCBC UNIVERSAL BANK
33) RCBC SAVINGS BANK
34) BANKARD
35) RCBC SECURITIES, INC
36) RCBC TELEMONEY EUROPE
37) RCBC INTERNATIONAL FINANCE LTD.
38) RCBC CALIFORNIA INTERNATIONAL INC.

 
At Friday, September 23, 2005 1:14:00 PM, Anonymous Anonymous said...

solohin mo na yang boycott clamor mo. dawned on us that you're just a lackey of other companies who stand to benefit from this issue.

 
At Friday, September 23, 2005 6:07:00 PM, Anonymous freedom fighter said...

Kaya naman pala walang pinuntahan ang negotiations natin eh. Kung ganyan ang reasoning ng mga nasa panel, we can never expect sanity from them in dealing with crucial issues.

Sanity you say - hey you started it all with your insane BS. Look who is talking insane one! and pls do not say " ang negotiations natin" - you are not a plan holder no matter how hard you try.

 
At Saturday, September 24, 2005 10:34:00 AM, Anonymous Anonymous said...

Sanity you say - hey you started it all with your insane BS. Look who is talking insane one! and pls do not say " ang negotiations natin" - you are not a plan holder no matter how hard you try.

am a planholder, God knows that. i don't have to announce that oftentimes.

Non-ex plano ko. unlike you, spoiled exclusive school planholders.

 
At Sunday, September 25, 2005 11:46:00 PM, Anonymous freedom fighter said...

Well you sure dont sound or act like one so instead of pissing your time away here - go elsewhere because you have nothing good to contribute to this blogspot.

 
At Monday, September 26, 2005 7:45:00 AM, Anonymous Anonymous said...

does one have to kowtow to your actions or toe your lines to be considered a planholder?

 
At Monday, September 26, 2005 9:32:00 AM, Anonymous Anonymous said...

Spare me your BS. For someone trying to make things up and try to look legitimate, you are a real head case

 
At Monday, September 26, 2005 10:16:00 AM, Anonymous mjc said...

o eto. mukhang wala na kayong mapagusapan eh.


RCBC confirms Yuchengcos willing to cut stake to 51%
Posted: 9:32 AM | Sept. 26, 2005
Cecille Yap
XFN-Asia


RIZAL Commercial Banking Corp (RCBC) has confirmed that the Yuchengco family, its major shareholder, is willing to reduce its stake in the bank to 51 percent from close to 60 percent to allow the infusion of fresh capital by a new investor.

RCBC, in a disclosure to the stock exchange, said the bank is moving forward to meet the challenges of a changing regulatory framework for the industry.

"One necessity is capital build-up, specifically, fresh infusion from foreign banks. Understandably, this translates into some dilution from the shareholdings of the Yuchengcos but ensures maintenance of majority holdings at 51 percent," RCBC said.

"As far as the Yuchengcos are concerned, they can be diluted up to 51 from 60 percent," RCBC vice-chairman Cesar Virata was quoted as saying in Monday's edition of the Philippine Daily Inquirer.

RCBC had said previously that it was in talks with foreign financial institutions keen on injecting fresh capital into the bank.

Japan's UFJ Bank Ltd owns about 17 percent of RCBC, the Philippines' ninth largest lender by assets.

copyright ©2005 INQ7money.net all rights reserved

 
At Monday, September 26, 2005 10:18:00 AM, Anonymous Anonymous said...

Spare me your BS. For someone trying to make things up and try to look legitimate, you are a real head case

BS YOU TOO! You are just a pathetic group which jumps on anything just to be noticed and advance your personal goals.

Am not trying to make things up! How about your group, what else have you contributed except to ride on others' sentiments.

 
At Monday, September 26, 2005 10:39:00 AM, Anonymous bmw said...

Corporate News
BY ROULEE JANE F. CALAYAG, Reporter

CAP to suspend tuition payments
As court okays debt reprieve
Sobrepeña-led College Assurance Plans (Philippines), Inc. (CAP) said it will suspend payments to planholders and creditors in compliance with a stay order from a Makati regional trial court.

Tuition payments will resume once the company secures the court’s approval for its rehabilitation plan.

A company official told BusinessWorld CAP will obey the court’s order, issued on Sept. 13, while it hopes for an early approval of its rehabilitation plan filed early this month. "If the court issues a stay order pending approval of our rehab petition -- while this is being deliberated on -- we have no choice but to obey. The moment may approval na [once the court approves it], [CAP will] resume paying tuition fees as prayed for in our rehab plan," the official said. "We’re really praying for an early approval of the rehab plan -- so we can continue paying tuition fees."

The decision to suspend payments follows a stay order, in line with CAP’s rehabilitation petition. The order allows the pre-need firm to suspend payments to creditors and planholders.

It also prohibits CAP from "selling, encumbering, transferring or disposing, in any manner, any of its properties except in the ordinary course of business." CAP is prohibited from paying any of its outstanding liabilities as of the day it filed for rehabilitation.

"The suspension is a bitter pill for CAP, but it is necessary to protect planholders," said CAP external counsel, Gilbert Raymund Reyes of Poblador Bautista & Reyes Law Office.

He added "the suspension of payments covers all the creditors and planholders. It is a temporary process for the court to determine CAP’s business plan and objections to it. The suspension will be brief. According to law, it will last for a maximum period of 180 days. The objective of the court is to determine how satisfactorily protected are the planholders."

CAP earlier admitted in its rehabilitation petition that it could not service its obligations to planholders as they fall due with cash at only P14.6 million as of end-2004 against liabilities amounting to P4.1 billion.

CAP said tuition payments amounted to P903.9 million from January to May and not P400 million as earlier claimed by the SEC. Tuition payments from January to July amounted to P930.3 million.

Obligations to 174,000 planholders for the first semester of 2005-2006 is pegged at P1.2 billion.

--------------------

Story Location: http://bworldonline.com/BW092605/content.php?id=041&username=temp

 
At Tuesday, September 27, 2005 2:43:00 PM, Anonymous Anonymous said...

THE YUCHENGCOS ARE RICH, WE ARE POOR. THEY ARE POWERFUL, WE ARE NOT. THE YUCHENGCOS ARE FEW, THE PEP PLANHOLDERS ARE MANY. WHY NOT USE THE LATTER TO OUR ADVANTAGE. MAKE POSTERS/ LEAFLETS INDICATING OUR SENTIMENTS AGAINST THE YUCHENGCOS, AND POST IT IN SCHOOLS, MALLS, AND BUSINESS CENTERS. BOYCOTT THE YUCHENGCO GROUP OF COMPANIES.

1) MALAYAN INSURANCE COMPANY, INC.
2) MALAYAN REINSURANCE CORP.
3) MALAYAN INTERNATIONAL INSURANCE CORP. LTD
4) THE FIRST NATIONWIDE ASSURANCE CORP.
5) MALAYAN INSURANCE CO. (HK) LTD.
6) MALAYAN INSURANCE CO.(UK) LTD
7) MALAYAN ZURICH INSURANCE CO., INC.
8) TOKIO MARINE
9) GPL HOLDINGS, INC.
10) GREPALIFE
11)PACIFIC PLANS, INC.
12) PAN PACIFIC COMPUTER CENTER, INC.
13) GREPALAND, INC.
14) NIPPON LIFE OF THE PHILIPPINES
15) HOUSE OF INVESTMENTS, INC.
16) EEI CORP.
17) PHILROCK, INC.
18) LANDEV CORP.
19) HI-EISAI PHARMACEUTICAL INC.
20) HONDA CARS- FAIRVIEW
21) HONDA CARS - MANILA
22) HONDA CARS- MARIKINA
23) ISUZU MANILA, INC.
24) ISUZU COMMONWEALTH
25) iPEOPLE, INC.
26) MAPUA INSTITUTE OF TECHNOLOGY
27) PEOPLE ESERVE
28) FUNERARIA PAZ, SUCAT, INC.
29) MANILA MEMORIAL PARK CEMETERY
30) FIRST MALAYAN LEASING ANMD FINANCE CORP.
31) ZAMBOANGA INDUSTRIAL FINANCE CORP.
32) RCBC UNIVERSAL BANK
33) RCBC SAVINGS BANK
34) BANKARD
35) RCBC SECURITIES, INC
36) RCBC TELEMONEY EUROPE
37) RCBC INTERNATIONAL FINANCE LTD.
38) RCBC CALIFORNIA INTERNATIONAL INC.

 
At Tuesday, September 27, 2005 5:13:00 PM, Anonymous Freedom fighter said...

BS YOU TOO! You are just a pathetic group which jumps on anything just to be noticed and advance your personal goals.

Am not trying to make things up! How about your group, what else have you contributed except to ride on others' sentiments.

I am amazed that if you don't believe in what we are doing:
1. why are you bothering us here; most especially since you think we are so pathetic?

2. Personal goals - definitely, my personal goal is to get my money back - is that not the same goal you have?

3.I have done a lot and dont need to justify or tell you what I have done and most of us on this blogspot dont care about you so why you bothering us?

 
At Tuesday, September 27, 2005 5:24:00 PM, Anonymous Anonymous said...

Freedom Fighter, this guy who thinks we are pathetic just does not come across as credible kasi lagi tayong pinapatulan, e. If we are not worth PPI's attention, why is he continually posting here? If we are not hurting PPI, why is he trying to hurt us.

BECAUSE WE ARE NOT SMALL, AS HE CLAIMS.
BECAUSE PPI PAYS ATTENTION TO THIS BLOG AND ENTERS IT EVERYDAY TO SEE OUR POSTS.

BECAUSE THEY ARE HURTING DUE TO THE COALITION'S MOVES.

So, the more the paid hacks post here, the more we should all realize that they are HURTING and want us out of the way.

PPI, we will always be the pebble in your shoe, the speck in your eye, the itch that will not go away.

So paid hack....continue your posts here and it just continues to fire up our resolve to stand our ground.

 
At Wednesday, September 28, 2005 9:13:00 AM, Anonymous Anonymous said...

Pacific Plans accuses group of sabotage


Wednesday, 09 28, 2005

Troubled Yuchengco preneed arm Pacific Plans Inc. (PPI) lashed out at Parents Enabling Parents Coalition (PEPC), a group of preneed plan holders, for opposing its dealer's license application with the Securities and Exchange Commission (SEC).

Although it has not received a copy of the PEPC opposition, PPI spokesperson Jeanette Tecson described the PEPC petition as clearly sabotaging the interest of the 400,000 fixed planholders who used to be with Lifetime Plans Inc. (LPI) before it was ordered folded back into PPI.

“It is a clear case of harassment against PPI, which seeks to revive its business of selling fixed plans and serve its remaining planholders,” Tecson said as she reacted to newspaper reports.

She said the rehab court does not prohibit PPI from pursuing its line of business and the application for a license is in fact in conjunction with the spirit of its rehab petition that the company should stay afloat, continue with its business, go on with its corporate life and serve its remaining planholders.

On the issue of fraud, Tecson said, “the SEC merely made an allegation of fraud before the rehabilitation court and hence has not been established.”

She stressed, “it has no basis in fact or in law as this allegation of fraud is yet to be decided on by the rehab court.” She added that PPI remains firm in its position that there was no fraud in the spin-off. It was necessary to separate the fixed value plans from the 34,000 open-ended plans. Without this, the whole body of fixed value and open-ended plans would have suffered.

Tecson added that the small group of oppositors within PPI's 34,000 open-ended planholders wants to destroy the majority of the planholders' welfare, who has chosen not to oppose the plan for rehabilitation now pending before the Makati Regional Trial Court.

 
At Wednesday, September 28, 2005 9:14:00 AM, Anonymous Anonymous said...

PPI hits opposition to its license application
By Zinnia B. Dela Peña
The Philippine Star 09/28/2005

Pacific Plans Inc. (PPI) branded yesterday the opposition filed by the Parents Enabling Parents Coalition (PEPC) against its license application as mere harassment, saying it is intended to sabotage the interest of the 400,000 fixed planholders of its now defunct subsidiary Lifetime Plans Inc.

"It is a clear case of harassment against PPI, which seeks to revive its business of selling fixed plans and serve its remaining planholders," spokesperson Jeanette C. Tecson said.

Tecson said the court does not prohibit PPI from pursuing its line of business and the application for a license is in fact in conjunction with the spirit of its rehabilitation petition that the company should stay afloat, continue with its business, go on with its corporate life and serve its remaining planholders.

She said the small group of oppositors within PPI’s 34,000 open-ended planholders wants to destroy the majority of the planholders’ welfare, who has chosen not to oppose the plan for rehabilitation now pending before the Makati Regional Trial Court.

On the issue of fraud, Tecson said, "the Securities and Exchange Commission) SEC "merely made an allegation of fraud before the rehabilitation court and hence has not been established."

"It has no basis in fact or in law as this allegation of fraud is yet to be decided on by the rehab court," Tecson said.

Moreover, Tecson said PPI remains firm in its position that there is no fraud in the spin-off into Lifetime Plans.

She said that it was necessary to separate the fixed value plans from the 34,000 open-ended plans otherwise the whole body of fixed value and open-ended plans would have suffered.

Tecson said PPI’s main objective is to secure the rights of the 16,000 non-availing traditional education planholders as funds would have run out by continuing to pay the availing planholders, especially as those in exclusive schools were disproportionately eating up the available funds.

The other 400,000 fixed planholders, who have nothing to do with the educational planholders, should also be segregated from the problem, Tecson said.

 
At Wednesday, September 28, 2005 9:17:00 AM, Anonymous Anonymous said...

'Harassment,' says Pacific Plans of clients' opposition
Posted: 7:32 AM | Sept. 28, 2005

Inquirer News Service


PRE-NEED firm Pacific Plans Inc. said Tuesday there was nothing fraudulent about its decision to spin off part of its business -- one involving healthy educational plans -- to another company.

It also said the rehabilitation court had no objection to its desire to continue its business.

The company has applied with the Securities and Exchange Commission for a dealer's license.

Reacting to claims of a group of plan holders, the Parents Enabling Parents Coalition (PEPC), that is opposing its plan to sell educational and other pre-need plans, Pacific Plans spokesperson Jeanette Tecson said in a statement that the PEPC was undermining the interests of 400,000 fixed-value plan holders who used to be with Lifetime Plans Inc., a former subsidiary of Pacific Plans.

The SEC earlier ordered Lifetime to be folded back into Pacific Plans.

"It is a clear case of harassment against Pacific Plans, which seeks to revive its business of selling fixed-value plans and serve its remaining plan holders," Tecson said.

She said the rehabilitation court -- Branch 61 of the Regional Trial Court in Makati City -- had not prevented Pacific Plans from pursuing its business.

On the issue of fraud, Tecson said, "The SEC merely made an allegation of fraud before the rehabilitation court ... [the allegation] has not been established." With INQ7.net



copyright ©2005 INQ7money.net all rights reserved

 
At Wednesday, September 28, 2005 11:17:00 AM, Anonymous Anonymous said...

BECAUSE WE ARE NOT SMALL, AS HE CLAIMS.

Small? Cge kung ayaw nyo, FEW NA LANG!

PEPCI = 153 Members
NIBUNGCO= himself + at least 50 PHs
SUCHIANCO= herself+ at least 6 PHs

Sige na nga. Marami pala kayo!

 
At Wednesday, September 28, 2005 11:36:00 AM, Anonymous Anonymous said...

To the person who posted the 3 consecutive articles at 9:13 am, 9:14 am, 9:17 am:

Thank you for posting the articles here. The public can likewise read these news articles at www.pepcoalition.com.

The accusation of "harassment", "sabotage" is what PPI is hurling at the coalition. Maybe these questions should also be posed:

1. Who "sabotaged" our children's dreams last April?

2. Who continues to "harass" us by making it appear in media that we are the contrabida when we were just simple parents prior to April?

3. Who act like indian givers, dangling tuition support before us, then withdrawing it at their convenience when they are in a sulking mood?

4. Should new plan holders be brought into the company even if the company refuses to acknowledge its obligations to its old plan holders?

5. Can the coalition be faulted for trying to protect new planholders from entering the fray?

I need some answers that make sense.

 
At Wednesday, September 28, 2005 1:08:00 PM, Anonymous Anonymous said...

JUST ANSWER THESE QUESTIONS TOO:

1. Who keeps on bringing the fixed value planholders into the fray when the SEC by its own admission, in the Congressional and Senate Hearings, has stated that the fixed value plans are healthy plans?

2. Who are those who simply wants to contaminate the whole planholder base of Pacific Plans when their peptrad plans are the only ones which are being rehabilitated?

3. Who are those who doesn't want others to enjoy their benefits for the simple reason that these spoiled brats want to have the majority of the benefits for themselves, never mind if the majority of the planholders are fixed value planholders? 400,000 versus 34,000 (assuming all of them are in opposition to the rehab) or better 400,000 versus 300?

4. Who are those who keep on harping on rehabilitation as a sort of fraudulent measure when other companies have already submitted their own petitions for rehabilitation?

5. Who are the people, in order to emphasize their 'scripted' inability to send their children to school has earned the ire of fellow alumni as they have dipped their fingers to their alumni fund, even though they can come to school in luxury vehicles?

5. Who are those who refuse to admit up to this moment that the issue on traditional plans is an industry issue and is not particular to ppi?

6. WHO ARE THOSE SELFISH PEOPLE WHO WANT THE FIXED VALUE PLANHOLDERS TO BE DENIED OF THEIR BENEFITS?

7. WHO ARE THOSE PEOPLE WHO WANT THE FIXED VALUE PLANHOLDERS TO SUBSIDIZE THEIR PEPTRAD AVAILMENTS?

8. WHO ARE THOSE PEOPLE WHO ARE SUPPOSED TO BE FIGHTING FOR THEIR CHILDREN BUT ARE NOW JUST BENT ON PULLING EVERYONE DOWN?

 
At Wednesday, September 28, 2005 1:53:00 PM, Anonymous Anonymous said...

Answer my questions first before I answer yours. And do not argue emotionally. You do not know how deep-in-the-mud PPI has become as a result of the transfers here and there (over many, many years) that were done to isolate the peptrad planholders. All plans were healthy prior to these moves. Ask your bosses who did the transfers. And who made money out of our money...

 
At Thursday, September 29, 2005 8:49:00 AM, Anonymous Anonymous said...

Now, who's being emotional here!

Can you not answer those questions?

 
At Thursday, September 29, 2005 10:28:00 AM, Anonymous Anonymous said...

CAN'T YOU? ASKED YOU FIRST...

I guess not. End of discussion. No sense continuing this inane topic. Can't dignify an undignified post anyway

 
At Thursday, September 29, 2005 4:54:00 PM, Anonymous Anonymous said...

1. Who "sabotaged" our children's dreams last April?

Sabotage? Term is relative.

2. Who continues to "harass" us by making it appear in media that we are the contrabida when we were just simple parents prior to April?

Harass? Who has been making the rounds of media interviews?

3. Who act like indian givers, dangling tuition support before us, then withdrawing it at their convenience when they are in a sulking mood?

Read previous posts on this to be enlightened.


4. Should new plan holders be brought into the company even if the company refuses to acknowledge its obligations to its old plan holders?

Again, the concern is only limited to trad educ planholders. Has there been issues on non-servicing of fixed value planholders or trad memorial planholders?


5. Can the coalition be faulted for trying to protect new planholders from entering the fray?

Of course, you are to be faulted because you want others to suffer. Nevermind if these people's plans are healthy as often quoted and agreed upon by SEC and industry people.

 
At Friday, September 30, 2005 2:47:00 AM, Anonymous Anonymous said...

1. Who keeps on bringing the fixed value planholders into the fray when the SEC by its own admission, in the Congressional and Senate Hearings, has stated that the fixed value plans are healthy plans?

Reply: "The fixed value plans are healthy only because in the separation of PPI and Lifetime Plans, practically all the good investments went to Lifetime, leaving NAPOCOR bonds with PPI. There is a rule against putting all your investments in one type of investment. How did the trad planholders end up with only 1 type of investment, NAPOCOR bonds at that? PPI has never justified how they did the hati-hati."

2. Who are those who simply wants to contaminate the whole planholder base of Pacific Plans when their peptrad plans are the only ones which are being rehabilitated?

Reply: "One can be myopic if you just look at PPI at the time of filing for rehab...when it looked like the peptrad plans were the only ones in trouble. Go back several months to the speed with which Lifetime was set up, how asset transfers were made, how trust investments were cut up, with the juicier investments being transferred to LPI...and it is no wonder the peptrad plans were in trouble. The "rehab" situation didn't arise from the normal course of business. It was created to be so."

3. Who are those who doesn't want others to enjoy their benefits for the simple reason that these spoiled brats want to have the majority of the benefits for themselves, never mind if the majority of the planholders are fixed value planholders? 400,000 versus 34,000 (assuming all of them are in opposition to the rehab) or better 400,000 versus 300?

Reply: "Again, the problems of peptrad plans were created through fraudulent asset transfers. In the good ol' days of brisk sales of peptrad plans, it was the darling product of PPI, earning millions for the agents, officers, shareholders. Now, it is the "cancer" as PPI refers to it. If this is PPI's style of doing business, the 400,000 fixed value planholders should start wondering if their own plans, if no longer favorable to PPI's interests, will not turn "cancerous" as well. This is not a numbers game. It is a question of what is morally and contractually right. It is also good to point out that many peptrad planholders in the coalition hold Lifetime plans as well. They know better than to believe this "spin" of PPI's, trying to pit the fixed value planholders vs the peptrad plans."

4. Who are those who keep on harping on rehabilitation as a sort of fraudulent measure when other companies have already submitted their own petitions for rehabilitation?

Reply: "Do other pre-need companies' filing for rehab make PPI's filing of rehab right? I don't get this logic. We will stick to the evidence we have on PPI and challenge its past moves and decisions based on these evidence."

5. Who are the people, in order to emphasize their 'scripted' inability to send their children to school has earned the ire of fellow alumni as they have dipped their fingers to their alumni fund, even though they can come to school in luxury vehicles?

Reply: "This is another desperate attempt to stray from the issues by sowing ugly and unproven allegations. Why? If a millionaire bought a peptrad plan, paid it on time and in full, does that give PPI the right to renege on the contract with him just because he drives a luxury vehicle? Are you telling me it is alright to cheat a rich person because anyway, mayaman siya? He has got as much right to have his plan honored as someone who is not so fortunate in life! There is no rich-poor issue here. We were all cheated, period."

5. Who are those who refuse to admit up to this moment that the issue on traditional plans is an industry issue and is not particular to ppi?

Reply: "How unfair of PPI to drag the rest of the industry along with them when PPI's case is self-inflicted injury."

6. WHO ARE THOSE SELFISH PEOPLE WHO WANT THE FIXED VALUE PLANHOLDERS TO BE DENIED OF THEIR BENEFITS?

Reply: "same answer as in #3"

7. WHO ARE THOSE PEOPLE WHO WANT THE FIXED VALUE PLANHOLDERS TO SUBSIDIZE THEIR PEPTRAD AVAILMENTS?

Reply: "Untrue. What we want is for the Yuchengcos to infuse more equity into PPI since we allege that our trust fund was mismanaged or not prudently handled over the past years due to their undue influence. After all the bad decisions made, the regular dividend declarations to shareholders despite the so-called "unprofitable years", it's time for them to bridge the shortfall between the NAPOCOR bond values and what we think we should be getting."

8. WHO ARE THOSE PEOPLE WHO ARE SUPPOSED TO BE FIGHTING FOR THEIR CHILDREN BUT ARE NOW JUST BENT ON PULLING EVERYONE DOWN?

Reply: "We are fighting for our children's rights. We were just parents going about our normal schedules prior to April 2005. We did not choose this battle. PPI chose the time of the fight (imagine timing it with enrollment!!!) as well as the arena. They are the oppressors and we are just defending what is rightfully ours.

Tell your bosses that a wounded beast is the most dangerous animal to face, most esp if its young ones are likewise threatened."

SO PAID HACK, THIS ENDS MY DISCOURSE. We will never convince you to see our side as you refuse to look at the evidence or even analyze them deeply. Your purpose in this blog is to sow confusion, create intrigues, divide the house, create doubts, and whatever else. It is your livelihood at stake. So, my lips are sealed from now on. If PPI wants to continue fighting us, we will face them in the proper forum.

May the PEPCI always be the pebble in your shoe, the speck in your eye and the itch that does not go away!!!

 
At Friday, September 30, 2005 11:16:00 AM, Anonymous Anonymous said...

"If PPI wants to continue fighting us, we will face them in the proper forum."

and proper forum would be...press conferences called by you, guestings in radio/tv shows to hurl unfounded accusations, school meetings with parents to sway them to your cause (and collect fees, of course)?

all this time i thought the court IS the proper forum..by last count there is only ONE court case at present - the rehab petition filed by ppi, wala ng iba.

all form... no substance ...

 
At Monday, October 03, 2005 2:07:00 PM, Anonymous freedom figher said...

Oh Paid Hack ala 2Plan Kuno.

I can only say - because arguing is useless with a paid hack like you who will always come up with excuses and innuendos - that at the end of the day, we will see you in Heaven and do our accounting there.... then again, you are not going to Heaven....

 
At Monday, October 03, 2005 5:46:00 PM, Anonymous Anonymous said...

Very Bad!

You can only come up with those statements whenever you can't rebut the earlier post on 'proper forum'.

DEFINITELY, ALL FORM NO SUBSTANCE!

 
At Monday, October 03, 2005 8:57:00 PM, Anonymous Anonymous said...

Is there a chance that tuition support for the 2nd sem will be released? Or will PPI only give tuition support to the fixed plan holders? Its getting kind of confusing because relatives in PPI offices say they are preparing cheques for releases. Is this true?

 
At Tuesday, October 04, 2005 8:18:00 AM, Anonymous Anonymous said...

I believe the checks are for fixed value planholders which are in danger of not being released if the coalition succeeds in contaminating the whole planholder base of PPI.

Not only for fixed value education, but also for pension and memorial plans.

 
At Tuesday, October 04, 2005 9:59:00 AM, Anonymous pep parent said...

"Is there a chance that tuition support for the 2nd sem will be released? Or will PPI only give tuition support to the fixed plan holders? Its getting kind of confusing because relatives in PPI offices say they are preparing cheques for releases. Is this true?"

Please screen carefully the responses you get anonymously from this blog. As you can see from previous posts, someone from PPI continually injects all kinds of issues here to confuse everyone.

MAY WE DIRECT ALL COALITION MEMBERS TO POST QUESTIONS INSTEAD AT THE "BLOGGERS FORUM" LINK OF OUR WEBSITE (www.pepcoalition.com) so that members of the PEP Coalition can answer you. There are moderators on the forum (like me) who can respond to you or if we don't have the answers ourselves, we can refer your questions to our legal or finance teams.

Click on "Bloggers Forum". Go to "PPI's Web of Deceit". Then look for the post topic "Ask the Pep Coalition".

We suggest all coalition members use the Bloggers Forum for questions from now on.

I am taking the liberty of copying your question from this blog and posting it at the forum so that others can benefit also from the response you will get.

 

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