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Wednesday, September 16, 2009

 

SC gives preneed firm CAP another lease on life

 
By William B. Depasupil, Reporter
 
THE Supreme Court has given embattled preneed firm College Assurance Plan (CAP) another chance to reestablish itself and settle its obligations to its planholders.

The Supreme Court Third Division, in a 32-page decision penned by Associate Justice Diosdado Peralta, affirmed an earlier ruling by Judge Romeo Barza of Branch 61 of the Regional Trial Court (RTC) of Makati, which granted CAP’s petition for rehabilitation.

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O T H E R   R E P O R T S

 

The House bill limiting the selection of acting president to members of Congress should there be a failure of elections is up for third and final reading.

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The Asian Development Bank (ADB) said Tuesday it would lend $250 million to the Philippines to help stem revenue losses through corruption.

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The Commission on Elections (Comelec) on Tuesday warned political candidates they face disqualification if they engage in premature campaigning, citing the Supreme Court (SC) ruling on a Surigao del Norte mayor.

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THE Department of Transportation and Communications admitted on Tuesday that the sudden radar glitch that forced the diversion of many international and domestic flights from Manila on Sunday gave the Philippines a “black eye” as it prepares for the upcoming international inspection of Philippine aviation facilities.

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Twenty Filipino sailors remain in the hands of Somali pirates, the government said on Tuesday, a day after the release of 22 seamen from a Greek-owned merchant vessel who had been held for five months.

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President Gloria Arroyo said her government continues to pursue peace negotiations with the Moro Islamic Liberation Front (MILF) and “there is reason to be optimistic.”

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DEAR PAO
By Persida Acosta

Dear PAO,

My husband’s father died without a will and left a parcel of land that is now being distributed among the heirs.

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