ARTICLE SERVICES            Reprint this article     Print this article       Send as an e-mail     Send Feedback       Post a comment       RELATED STORIES   RP takes step closer to setting up credit bureau Local gaming firm eyes new joint venture Landbank seeks control of Picop RP raises $1.5B from int’l bond offering Shares slide 1.66% lower Economic crisis fears return Forex reserves as record $37.1B RP less vulnerable to crisis, says Fitch NFA rice procurement highest since 1979 Treasurer sees drop in interest rates HK fund buys 13% of Alliance Tuna Philex reports P800-M output More Stories » Business Homeless Japanese rise due to recession Meeting of minds and hearts for poor Allied Bank to offer P5B worth of LTNCDs RP less vulnerable to crisis – Fitch Starting over in 2009 San Miguel takes option on Petron More layoffs seen at Texas Instruments Global crisis hits Asia's scavengers DMCI unit bags P5-B deal SMC readies $1-B preferred stock offer Business Financial Crisis - 0840 GMT Economic crisis fears return Oil prices post record percentage drop RP less vulnerable to crisis, says Fitch Forex reserves as record $37.1B Dollar rebounds after sharp fall PLDT acquiring Philcom unit in Mindanao Time Warner to take $25-B writedown GM to auction off historic cars Teves named finance minister of the year Benguet claims validated RP raises $1.5B from int’l bond offering   Business Most Read RSS Edwin F. Uy Fashion Design (FWDP) Look for: Edwin F. Uy Tel.No.: (02)532.9369 Mobile: (0917)8301489 Close Ups Portrait Studio Contact Person: Lito Perez Landline: 655.1192/286.3325 Mobile Phone: 0917.6276785

SALES OF PRE-NEED FIRMS fell by 21.85 percent in the first five months of the year to P6.4 billion from P8.18 billion in the same period last year.

Of the total, pension plans accounted for 51 percent at P3.28 billion. This, however, was lower by 36.3 percent than the P5.15 billion in the same period last year.

Sales of life plans posted the second biggest sales with a share of 37 percent of the total.

Education plans’ share of the pie was 11.7 percent but sales posted by this segment fell 47.7 percent to P748.9 million from P1.43 billion last year.

For May alone, industry sales fell 24.84 percent to P1.26 billion from P1.67 billion in the same month last year.

Pension plans was lower by 51 percent to P569 million in May from P1.16 billion in the same month last year.

Education plans dropped 7 percent to P156 million from P168.7 million, while life plans grew 57 percent to P532.8 million in May this year from P339.8 million last year.

• RP takes step closer to setting up credit bureau
• Local gaming firm eyes new joint venture
• Landbank seeks control of Picop

• RP raises $1.5B from int’l bond offering
• Shares slide 1.66% lower
• Economic crisis fears return
• Forex reserves as record $37.1B
• RP less vulnerable to crisis, says Fitch
• NFA rice procurement highest since 1979
• Treasurer sees drop in interest rates
• HK fund buys 13% of Alliance Tuna
• Philex reports P800-M output