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The funds to buy-out the shares of Mario T. Mananghaya came mainly from RCBC group led by Mr. Lorenzo V. Tan and Cesar Purisiman group led by Mr. Manabat and Mr. Bonoan.

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14y ago

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Is the insurance plan self-funded or fully funded?

The insurance plan is self-funded.


What are the differences between self-funded and fully-funded health insurance plans?

Self-funded health insurance plans are funded by the employer or organization offering the plan, while fully-funded health insurance plans are funded by insurance companies. In self-funded plans, the employer assumes the financial risk for providing healthcare benefits, while in fully-funded plans, the insurance company assumes the risk.


What are the key differences between insurance and self-funded healthcare plans?

The key difference between insurance and self-funded healthcare plans is in how they are funded. Insurance plans are funded by premiums paid by individuals or employers, while self-funded plans are funded directly by the employer. In insurance plans, the risk is transferred to the insurance company, while in self-funded plans, the employer assumes the risk.


How was apple initially funded?

Apple was initially funded through a combination of personal savings and loans from co-founders Steve Jobs and Steve Wozniak. In 1976, they secured a $250,000 investment from a local venture capitalist, Mike Markkula, who played a crucial role in the company's early financing and strategic direction. This funding allowed Apple to produce and market its first product, the Apple I computer.


What are the differences between self-funded insurance and fully funded insurance?

Self-funded insurance is when an employer pays for employees' healthcare costs directly, while fully funded insurance is when an employer pays a fixed premium to an insurance company who then covers the employees' healthcare costs.