Business Columns

Credit to Author: The Manila Times| Date: Tue, 21 Jan 2020 17:07:34 +0000

Harrison Chua Gue is one of four senior vice presidents of the Metropolitan Bank & Trust Co. (MBTC). On Jan. 13, 2020, he reported in an amended initial statement that he does not own an MBTC share. A public ownership report (POR) as of Dec. 31, 2019 confirmed this because he was not listed as […]

Credit to Author: Ben Kritz| Date: Mon, 20 Jan 2020 16:16:15 +0000

AFTER hurling threats — most of them richly deserved — at the owners of Metro Manila’s two water concessionaires at the end of last year, President Rodrigo Duterte has turned his sights on the consortium behind the Light Rail Manila Corp. (LRMC), the operator of the Light Rail Transit Line 1 (LRT-1). The President should […]

Credit to Author: The Manila Times| Date: Thu, 16 Jan 2020 16:48:06 +0000

A public ownership report (POR) as of Dec. 31, 2019 listed SM Investments Corp. (SMIC) and Sysmart Corp. as direct holders of 605,698,271 common shares and 415,995,323 common shares for a total direct ownership of 1,021,693,594 common shares, or 38.04 percent, in China Banking Corp. (CBC). The POR also showed CBC’s public stockholders as owners […]

Credit to Author: Ben Kritz| Date: Wed, 15 Jan 2020 16:17:50 +0000

ABOUT a week ago, I removed my 10-year-old Facebook account. As a result of doing so, I was not suddenly rendered ignorant about the whereabouts and general circumstances of my friends and family members. I did not find myself disconnected from news of the world or the usual surfeit of ill-informed opinions about it. The […]

Credit to Author: Emeterio SD. Perez| Date: Tue, 14 Jan 2020 16:21:51 +0000

PCD Nominee Corp. is the top stockholder of PXP Energy Corp. It holds 788,425,188 outstanding and fully paid PXP shares, or 40.226 percent of total shares, as of Dec. 31, 2019. Of that number, it held 595,864,728 common shares, or 30.4013 percent, for beneficial owner Philex Mining Corp., according to a public ownership report (POR) […]

Credit to Author: KELVIN LESTER LEE | Date: Tue, 14 Jan 2020 16:20:13 +0000

RELENTLESS enforcement efforts against scamming groups and predatory lenders, supported by increased awareness and education activities, among others, marked 2019 for the Securities and Exchange Commission (SEC). In support of the commission’s mandate to protect investors, as well as consumers, particularly borrowers, I have used this space to discuss the dangers and red flags of […]

Credit to Author: Ben Kritz| Date: Mon, 13 Jan 2020 16:15:41 +0000

FOR a little more than a week, I have struggled with a poor Globe internet connection at home. That is nothing new; customers of both the major telecoms continually complain about bad or non-existent connections. However, current affairs and my particular circumstances — which I assume are similar to many people who live in the […]

Credit to Author: Ben Kritz| Date: Wed, 08 Jan 2020 16:18:05 +0000

PEOPLE in the US certainly do not like to hear this, and I suspect many in the Philippines do not either, as entrenched as the social, political and media perspective is in the American mode of thinking, but it is impossible to fully appreciate and react effectively to the Iran-US conflict if one tries to […]

Credit to Author: MARK ANTHONY TAMAYO| Date: Wed, 08 Jan 2020 16:17:23 +0000

First of a series The idea of the International Commercial Terms, or Incoterms®, was first conceived by the International Chamber of Commerce in 1921, with the first edition published in 1936. Since 1980, Incoterms® have been updated every decade in order to align the rules with changes in logistics and transport practices and, consequently, to […]

Credit to Author: Emeterio SD. Perez| Date: Tue, 07 Jan 2020 16:24:15 +0000

As of Dec. 31, 2019, the public stockholders of TKC Metals Corp. owned 272,999,391 common shares, or 29.042 percent of 940 million outstanding common shares that the company classified 667,000,609 shares as non-public. The company credited with nominal common share its 11 directors who make up the board, which includes lawyer Bayani K. Tan as […]