Press Center

Manila Bulletin
Friday, June 20, 2008
Lifestyle, page C1

By Mitch M. Arceo

With today’s high cost of living, even children should learn how to save money for the future. If at an early age they learn the value of money, they won’t have a hard time when they become adults.

The Philippine Star
Monday, June 16, 2008
Page B-16

RUSHAN CITY, CHINA – Sumilon Island Tankers, Inc. (SITI), a tanker division of the Magsaysay Transport and Logistics Group, recently announced the launch of its new 3,800-deadweight ton double-hull tanker M/T Mactan Island.

Manila Bulletin
Thursday, June 5, 2008
Business, B-1

By Edu Lopez

Pioneer Life Insurance has unveiled a strategy of consumerizing life insurance aimed at paving the way for newer and more innovative means of looking at the insurance industry.

The Daily Tribune
Friday, June 13, 2008
Life!, page 11

Final Cut
by Edsel-Thadeus O. Lorete

Selling insurance is no easy business. It is costly and few people manage to pay their insurance policy premium in full. Despite the occasional sales slump suffered by insurance firms, life insurance companies are here to stay. Their existence remains a practical necessity for human survival, for those who do not have disposable income when they need it most. The problem is that people, because of the oil and food crises, tend to shy away from anything that does not deliver fast income returns. Pioneer Life Insurance, one of the country’s oldest insurance firms, has found a friendly way to re-introduce insurance through Sparx, a card the company claims to be both an insurance and savings that you can purchase similar to buying cellphone card offered in supermarkets.

philstar.com
Tuesday, June 10, 2008

By Ted P. Torres

Life insurance companies are against the imposition of new taxes as it would hurt the industry and the insuring public.

Already the country’s penetration rate is one of the lowest in the Asia Pacific region, but it plummets to between four to five percent if the mandatory coverage of the Government Service Insurance System (GSIS) and the Social Security System (SSS) is removed.

Manila Bulletin
Monday, June 9, 2008
Business, page B-5

By Fil C. Sionil

Life insurance industry players decried the move of the authorities to slap new and additional taxes on insurance and other financial products, saying such stroke would only inflict further pain to the already sluggish business environment.