Thursday, March 31, 2011

CHARTIS Advisory: BDO Payment Facility

Memo re BDO with Payment slip.pdf Download this file

Dear Partners,


Please see attached official memorandum for ABCM regarding update on the BDO Payment facility.

This is in additional to the basic policy information requirements such as:


  1. Company Name – Chartis
  2. Policy Number for the account number
  3. Insured Name
  4. Correct premium amount


Kindly disseminate this information to all our colleagues and mutual clients.




30 Floor Chatham House

116 Herrera St cor. Valero St

Salcedo Village, Makati City



PAMI Asia Balanced Fund Inc. Product Guide

Please refer to the attached as your temporary product guide on the basic features of our new fund, PAMI Asia Balanced Fund.  


This material is for external distribution.




5/F Salustiana D. Ty Tower, 104 Paseo de Roxas

Legaspi Village, Makati City 1229, Philippines

T: (632) 867-3912 to 18 loc. 132    F: (632) 813-68-18" target="_blank">">PHILAMFUNDS.COM.PH




PAMI Asia Balanced Fund Product Primer (pdf).pdf Download this file

THE GROVE: A New Rockwell Rises in Ortigas






It is my pleasure to invite you to be part of Rockwell Land's emerging community in Ortigas, The Grove by Rockwell. The Grove is Rockwell Land's first residential development beyond Makati. It is our newest resort-themed development, conveniently located along the C-5 corridor of properties, near Ortigas Avenue. The Grove is an exclusive 5.4-hectare, six residential tower development, consisting of a mix of Studios, One, Two and Three bedroom units.


The project is designed to have an element of mystery to it. The high entrance gate opens to a whole new level of experience, just like entering a tropical paradise. Coming home to The Grove will always feel like going away for the weekend.





The Grove offers lush gardens and broad landscapes, an oasis in the middle of the metropolis.

Just like the Rockwell Makati, The Grove is designed to be your very own exclusive, resort-like community. It begins with an arrival court, cool with the sound of the foundation and the shade of palm trees, just like in a tropical resort. At the heart of The Grove lies a central waterfall. The water meanders deeper through the property, flowing into multi-level pools under shaded trees. More than visually enhancing its surroundings, the landscape functions as pockets of relaxation, peace, and quiet, and entertainment for residents and their guests.






The Grove is a master-planned 5.4-hectare development with a 75-25 open space to building ratio.

It brings together contemporary landscaping and human-scale architecture, sophisticated high-rise lifestyle and wide open space. Spaces between towers are sensibly filled with pocket gardens, trellises, and water features. The Grove offers affordable luxury with the quality of the Rockwell Lifestyle.






It is not just having trees and gardens. It’s starting the idea of cosmopolitan green. 

The Grove boasts of six towers with podium parking amidst the 75% open space ratio, displaying an astonishing facade of greeneries never before seen in local residential developments.





It’s being earthbound in a tower, being close to nature, while having all your necessities around.

An arrival court with a majestic water feature welcomes residents and guests to The Grove. In each tower, unit owners are welcomed by an exclusive drop-off and residential porte cochere per tower. Imposing, double-height main lobbies are just the beginning.





It’s not just the psyche of languid living like Shinto gardens.

The Grove is a well structured architecture of space, botanics and living water like multi-level pools. Delight in our 40-meter lap pool, central and lounge pools, or even the kiddie pool. Pocket gardens, barbeque pavilions, multi-purpose gazebos, and a children’s playground border the pool decks creating a thriving Amenities Enclave. At the heart of these features is the party/cocktail island for all your events.





Green this time is not just an abundance of chlorophyll nor of wellness. But the cohesion of mind, body and soul.

Our bi-level indoor fitness center, multi-purpose indoor and outdoor courts, and soccer lawn will cater to your active lifestyle. For days when you prefer to sit back and relax, stroll through The Grove’s landscaped botanical gardens or spend some time in the Zen and meditation garden.





Join us as we bring the Rockwell lifestyle beyond Makati, join us in the next chapter of our story.

A neighborhood grocery and retail cluster will be at the forefront of the development, housing select dining establishments for you to enjoy. Yet another reason for residents to come together, sit back, relax and enjoy every day.





Delight in The Grove’s Six-level Wellness Center and the Amenities Enclave at the heart of the development.

Uniquely-designed 40-meter Lap pool, Central and lounge pool, Kiddie Pool

The Grand Lawn - Soccer lawn and Putting Greens

Jogging path (2km) and Biking trail (1km)

Outdoor barbeque pavilions and picnic area

Multi-purpose gazebos and Private cabanas

Children’s Playground and Sandbox

Private function rooms and Multipurpose lounge

Fully-equipped indoor fitness and Wellness center

Indoor basketball court

Outdoor Multi-sport playing courts (Tennis, Basketball, Volleyball)

Retail establishments (al fresco dining, neighborhood grocery)

Landscaped botanical and Zen gardens


Have a pet or two? Pets are well accepted and free to roam around The Grove and its central amenities.

The Grand Lawn up front provides a perfect place to meet and greet other people with their pets.




The Grove will have 24-hour security and 100% back up power.

Just like Rockwell, Makati, everything about The Grove is well-planned. Our utilities and infrastructure include 28-megawatts of standby generator power so blackouts don’t affect us.

Day and night, rain, shine or superstorm, we guarantee your comfort, exclusivity, safety and convenience. 




Come home to a vacation in The Grove, your very own tropical oasis in the heart of Manila.


Now offering units in The Grove TOWERS C and D (turnover in December 2014) in the following sizes:


Studio Units – 32 and 34 sqm

One Bedroom Flats – 43, 63, and 68 sqm

Two Bedroom Flats – 74 and 97 sqm

Three Bedroom Flats – 111 and 131 sqm


With the following payment terms: 

Studio Units: 5% DP - 15% monthly amortized for 43 months (option for no lumpsum) - 80% upon turnover

One, Two and Three Bedroom Units:  5% DP - 25% monthly amortized for 43 months (option for no lumpsum) - 70% upon turnover





with parking





STUDIO* (32sqm)




(P11,404 no lumpsum)








(P30,158 no lumpsum)








(P45,956 no lumpsum)








(P68,566 no lumpsum)



*Studio is estimated without parking

**Studio can be offered at 15% spread over 42 months and lumpsum payments


Tuesday, March 22, 2011

Prescribed rates designed to protect public

Dear Valued Clients:

This article validates Chartis' increase in premium rates since Chartis Philippines  duly complies with the prescribed rates by the Insurance Commission.  FYI.



  Insurers undercutting rates: Prescribed rates designed to protect public
By Ted P. Torres (The Philippine Star) Updated March 22, 2011 12:00 AM 

MANILA, Philippines - Despite all the warnings of earthquake, tsunami and other worsening natural catastrophes staring down on mankind, several insurance companies prefers fast gains over long term protection for the insuring public.
“There are non-life insurers that continue to nose dive the minimum prescribed rates in insuring homes and other properties against natural calamities, in violation to Insurance Commission ruling,” unnamed insurers told The STAR.
IC Circular 21-2010 states that undercutting rates would jeopardize the financial solvency of insurance companies and their ability to settle claims. It prescribes a minimum rate of 0.10 percent of the total insured amount for natural risks such as earthquakes, and another 0.05 percent for typhoon and flood. These rates are added to the basic property insurance that usually covers only fire and lightning.
By complying with the minimum rate, the insurer must charge a premium of at least P15,000 a year to insure a P10-million house and lot against typhoon, flood and earthquakes.
However, several non-life insurance companies have dropped their minimum rate to 0.7 percent.
That is not only a violation of the IC ruling, but also against the memorandum of agreement signed by majority of the non-life insurance companies licensed by the Commission. The accord also formed a task force to monitor compliance of the minimum rate.
“The task force is not working. Insurers are still nose diving rates in the face of the Japan disaster,” complying insurers said. “There is still a problem of enforcement.”
They added that the IC must be stricter and firmer like the Bangko Sentral ng Pilipinas (BSP). “The time for leniency is over. Typhoon Ondoy and the recent Japan natural disasters should point to the inevitable,” they said.
In a recent Senate public hearing, Public Works Secretary Rogelio Singson said that the country would experience massive damages and loss of life in the event that an earthquake hits the country.
A recent World Bank study said that most of Metro Manila lies close to the tectonic fault lines, the same fault lines that caused the recent Japan tragedy.
The same report said that 90 percent of all earthquake fatalities worldwide since 1960, over 1.1 million people, have been Asians. The March 11 quake and tsunami in Japan only ups the stake.
Insurers are also asking the IC to ensure that all domestic and foreign insurers are following regulations regarding re-insurers.
Section 215 of the Code states that “no insurance company... whether foreign or domestic, shall retain any risk on any one subject of insurance, an amount exceeding 20 percent of its net worth”. In other words, one should reinsure (spread the risk) over his maximum retention.
“The accumulation of risks especially for earthquake, typhoon and flood, (otherwise known as catastrophic perils) that an insurer could take is controlled by the Commission. We are supposed to take out adequate reinsurance protection, computed as being equal to or in excess of five percent of the companies net retained insured values,” they added.
Violation of the regulation not only puts the insuring public at risk of not getting sufficient protection but it likewise makes insurers unable to meet claims.
An insured property should receive indemnification when it is damaged due to natural catastrophes. The insurance company should immediately indemnify the claimant then turn around and make claims to it re-insurer.
A re-insurer insures an insurance company since the size of insures life or property is usually bigger than what a single insurer covers. There is only one local re-insurer while the rest of the reputable re-insurers are foreign.
Insurers warned that in the March 11 disaster was not only natural perils but also damage to auto, property, marine, and human life.
“Claims must be immediately paid. Insurers must first pay all claims and later reimburse with their re-insurer. If they keep on undercutting rates, they may not be able to pay claims,” they said.

Thursday, March 17, 2011

CHARTIS Advisory: BDO Payment Facility

Dear Partners,


Please note that clients using the bills payment facility of BDO shall now be required to include Chartis Institutional Code = 0040 in the Banco De Oro (BDO) payment slip. This measure is designed to minimize errors which resulting in either non-receipt of valid payment or misdirected payment.


This is in additional to the basic policy information requirements such as:


  1. Company Name – Chartis
  2. Policy Number for the account number
  3. Insured Name
  4. Correct premium amount


Kindly disseminate this information to all our colleagues and mutual clients.


Makati Salcedo Branch

Agency & Branches Channel Management




30 Floor Chatham House

116 Herrera St cor. Valero St

Salcedo Village, Makati City


The information in this email (and any attachments) is confidential. If you are not the intended recipient, you must not use or disseminate the information. If you have received this email in error, please immediately notify me by "Reply" command and permanently delete the original and any copies or printouts thereof. Although this email and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Chartis, Inc. network of companies either jointly or severally, for any loss or damage arising in any way from its use.


Wednesday, March 9, 2011

Rockwell Land's EDADES Tower- Project Info



 Edades Tower and Garden Villas – an iconic residential tower that promises no less than unparalleled luxury a the heart of Rockwell Center.








With its modern, iconic architecture, Edades Tower clearly breaks away from local design conventions, displaying an astonishing break-up fa├žade never before seen in local residential developments. Creating a unique and luxurious environment, the project will include a play of chic Garden Villas that boast a new dimension to exclusive city living.





Located directly across the Power Plant Mall with exclusive tunnel access to the finest retail boutiques and anchor stores, the development will also have a central piazza which will house select dining establishments for you to enjoy.










Site Map- Right across the North exit of Powerplant Mall (Mango, Marks & Spencers)






Also attached are the Edades BrochureRockwell Map, Edades Views and Edades Building features.



Edades_Building_Features.pdf Download this file

Rockwell_map.pdf Download this file

Sunday, March 6, 2011

Corporate Travel

Following is the Business Travel Arrangement for Corporate Travel applications:

1. The Company HR should fax  a Declaration List (Travel dates and Destination)

2. Company should endorse this Declaration List.

Funding arrangement depends on the frequency of destination. Minimum premium for Annual Travel is P6,000 and P2,500 for Domestic Travel.

Notice: Prices are subject to change without prior notice.