Policy incompetence driving economy off the rails

AHEAD of yesterday’s release of the official price inflation data for August, a Department of Finance economic bulletin attempted to preemptively sugar-coat what policymakers had to have known was going to be bad news with this optimistic observation: “The inflationary momentum is easing as shown by the forecast deceleration in the month-on-month price change to […]

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Alert order power to probe

One of the main tasks of the Commissioner of the Bureau of Customs (BOC) is to exercise, directly or indirectly, any customs power, duties and functions for the effective implementation of the Customs Modernization and Tariff Act (CMTA) and other customs related laws. The power includes the issuance of alert orders as a tool to […]

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A family-owned ‘death care business’

GOLDEN Bria Holdings Inc. (HVN) belongs to a group of companies either owned or controlled by the family of Sen. Cynthia Villar who is married to former Sen. Manuel Villar. One of its two principal stockholders is Fine Properties Inc. which indirectly owns 412.058 million HVN common shares which are equivalent to 63.97 percent of […]

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Longest, strongest bull market

With its recent sputtering movements, the present market run is starting to cause some concern. And the discussions are getting more widespread. They have even reached the crowds of various social gatherings like in the wedding ceremony of a relative I attended last weekend. One good thing, though, the banter is still limited to people […]

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Offenses under the proposed revised corporation code

The Revised Corporation Code (RCC) proposed under Senate Bill No. 1280 continues to impose the duties of diligence, loyalty and obedience upon directors, trustees and officers of corporations. Thus, it continues to uphold the rule that directors and officers can’t be held liable for corporate acts if they meet the standard of “due diligence” when […]

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What to do with treasury shares?

PRIME Orion Philippines Inc. (POPI) has authorized capital stock (ACS) of 7.5 billion common shares with par value of P1 per common share, according to a general information sheet (GIS). Of the company’s ACS, 792 Filipinos subscribed to 4.875 billion POPI common shares which is equivalent to 99.025 percent of 4.923 billion outstanding common shares. […]

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