REIT obstacles cleared (but certain obligations remain)

Credit to Author: Euney Marie Mata-Perez| Date: Wed, 12 Feb 2020 17:25:29 +0000

The year 2020 started right for the viability of REITs or real estate investment trusts. The last of the major roadblocks for the creation of REITs has finally been removed, more than ten years after the passage of Republic Act (RA) 9856, or “REIT Act,” in December 2009. In Securities and Exchange Commission (SEC) Memorandum […]

Read more

Biggest day of the year for PH’s boom-chikka-wow sector

Credit to Author: Ben Kritz| Date: Wed, 12 Feb 2020 17:22:34 +0000

TOMORROW is Valentine’s Day, the most lucrative contrived retail holiday of the year — especially here, as Filipinos are rather ardent in materially displaying their affection — a nation-sized tempest of sentiment and hormones turned into a perfect storm by falling on a payday Friday. For anyone not partaking in the festivities, it may be […]

Read more

Creating transformational leaders

Credit to Author: KAY CALPO LUGTU| Date: Wed, 12 Feb 2020 17:13:41 +0000

They say it takes a village to raise a child. A critical part of this though is the school institution and the education system that would help build the foundation of values or the moral compass that will chart the path of a child’s future. The Benedictine education that the St. Scholastica’s College of Manila […]

Read more

9 money mistakes that can derail your financial resolutions

Credit to Author: Ricky Publico| Date: Wed, 12 Feb 2020 17:06:34 +0000

We’re now halfway through the second month of the year. How are you doing when it comes to your financial resolutions? You may have felt the determination to change or improve your finances last year, but is your willpower enough to last an entire year? If you keep making these money mistakes, then forget about […]

Read more

Sensitive indicators are good for gossip, and not much else

Credit to Author: The Manila Times| Date: Wed, 05 Feb 2020 16:48:29 +0000

MOST have taken note that the year 2020 has gotten off to an unusually stressful start, with the month of January and the first few days of February being filled with memorable, and mostly calamitous events. The year began with historic bushfires raging across large parts of Australia; an act of war by the United […]

Read more

Calamity losses as tax deductions

Credit to Author: Euney Marie Mata-Perez| Date: Wed, 05 Feb 2020 16:46:11 +0000

In last week’s article, we discussed that, under our National Internal Revenue Code, as amended (Tax Code), and existing regulations, donations in excess of P250,000 in any taxable year shall be exempt from donor’s tax if they are made to the national government, or any of its agencies or instrumentalities, such as the Department of […]

Read more

Sy-owned SM group is Atlas’ principal stockholder

Credit to Author: Emeterio SD. Perez| Date: Tue, 04 Feb 2020 16:28:05 +0000

Martin C. Buckingham, a member of the board of Atlas Consolidated Mining and Development Corp. (AT), sold 696,000 AT common shares at P2.50 each and 4,000 AT common shares at P2.51 each for total sales of 700,000 AT common shares. The sale, which he made on Jan. 28, 2020, reduced his ownership to 15,343,902 AT […]

Read more

Malaysia Airlines: A nationalization failure

Credit to Author: Ben Kritz| Date: Mon, 03 Feb 2020 16:17:13 +0000

THE topic of nationalization, or government’s retaking ownership and control of key industries or services, became a more high-profile topic here after the controversies surrounding the two water distributors for Metro Manila were exposed late last year. Because of the obvious failure of privatization in the case of the water utilities, nationalization of key public […]

Read more

ABS-CBN’s 1B preferred shares only for insiders?

Credit to Author: Emeterio SD. Perez| Date: Tue, 28 Jan 2020 16:26:24 +0000

ABS-CBN Corp. lists on the Philippine Stock Exchange (PSE) 861,971,968 outstanding shares; 872,122,352 listed shares; and 883,294,529 issued shares. It has free-float level equivalent to 42.77 percent of outstanding. Being a television and radio station, it does not allow foreigners to own any of its shares, which is the reason for the entry’s zero percent. […]

Read more

Middle class remains the biggest force

Credit to Author: Peter Lundgreen| Date: Fri, 24 Jan 2020 16:19:43 +0000

The most important macroeconomic megatrend that I have worked with since years, I call the “middle class beats high-tech.” The thinking behind this phrase is that high-tech companies are impressive, enormous, disruptive etc., though in global importance, they still don’t beat the macroeconomic importance of the growth of the global middle class. The growth in […]

Read more