PEP Coalition

We fight for truth, justice and good corporate governance!

OFW Couple Trusted in Pacific Plans

First posted 00:35am (Mla time) May 18, 2005
INQ7.net

I AM currently working and staying overseas with my family. Owing to the uncertainties of living abroad as contract workers, my husband and I decided to invest part of our savings in educational plans from Pacific Plans Inc. for our children’s future.
We have been paying religiously for our children’s educational plans without any delay and are even encouraging our fellow contract workers here in Brunei to get an educational plan for their kids, to secure their future. We were shocked and dismayed to see in Philippine news that there are some loopholes going on. All the while, we were left in the dark, with no one at Pacific Plans to inform us of what was going on.

If such a thing is happening to a big and long-running business like the Yuchengco group, how can you expect Filipinos to invest their money in our country? Is there no more hope for the Philippines? Can the government intervene in this problem? It is not Alfonso Yuchengco who will be suffering but the many Filipinos, including children, who had trusted Pacific Plans to help them have a brighter future.

MARIA THERESA MONTEMAYOR, Bandar Seri Begawan, Negara Brunei Darussa

May 18, 2005 - Posted by | Tales of Broken Dreams |

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