Less than two months before the deadline set by the Philippine Stock Exchange (PSE) for publicly traded companies to comply with the minimum public ownership rule, several firms are opting for a delisting instead and are currently in the process of making a tender offer.
A Tender Offer is an invitation to the public, specifically minority shareholders, to surrender or tender their shares to the acquiring entity at a specific price during a specified time.
It’s confirmed: Ramon Ang of San Miguel Corporation (SMC) is interested in acquiring a substantial interest in the country’s carrier Philippine Airlines. Ang himself confirmed this in a report by ABS-CBN News.
San Miguel Corp. is said to be in the middle of due diligence at present where they look into the financial statements and operations of PAL before making a final bid amount.
Manny V. Pangilinan (MVP) is on a buying spree.
Through his holding firm Metro Pacific Investments Corp. (MPI), MVP acquired the following:
Now it appears that MVP wants to add in this portfolio another company that is significant to most Filipinos. Rumor has it that he is already in talks to buy the country’s flag carrier, Philippine Airlines or PAL.
Last year, we posted a list of the Top 10 Banks in the Philippines, based on total assets and deposits at year-end 2008. We now bring you the list of the Largest Banks in the Philippines, in terms of assets, deposits, and net income, as of year-end 2009.
The list only includes banks headquartered in the Philippines, meaning other banks based in another country but with local operations are not analyzed. Also, since the basis of the financial figures are the financial statements submitted to the Philippine Stock Exchange (PSE), only publicly-listed banks are mentioned. Government- and privately-owned banks whose financial statements are not available to the public are excluded in the list.
In this day and age, can you really judge a person’s financial capability based merely on appearance?
Some staff of Banco de Oro (BDO), one of the country’s leading banks, seem to think they can.
Several PMT members narrated in the forum’s Discriminating BDO bank manager thread how they were treated differently or, worse, badly just because they visited a BDO branch with an “unprofessional” attire or look.
The SM Advantage Card program is playing tricks on us — and it’s not at all amusing.
Last week, we wrote that SM Advantage Card (SMAC) is automatically enrolling members into the Philam Personal Accident Insurance Program by automatically debiting 20 points from one’s account. Offering insurance would have been a real benefit, except that members were not previously made aware of this and the notice on the latest policy was given only three months before it lapses.
Today I received an email from SM Advantage Card (SMAC) informing me that I’ve been automatically enrolled into the Philam Personal Accident insurance Program.
