By Den Somera
Even with a shortened trading period of four days last week—in observance of the birth anniversary of Philippine hero Andres Bonifacio on Friday, Nov. 30—the market still managed to make a major advance equivalent to 88.11 points or 1.59 percent on the main index at 5,640.45 which, incidentally, was another all-time high.
By the staff
When shareholders of Manila Electric Co. gather for their annual meeting this May 29, it will be the last time Ambassador Manolo Lopez, 69, will address them as chair. Lopez was chair and chief executive officer of Meralco until 2010, when the First Pacific group bought out most of the Lopezes’ stake and installed Manuel V. Pangilinan (MVP) as the new CEO.