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By the staff
On the reported “compromise” that’s shaping up between two proponents of separate connector roads linking the North and South Luzon expressways, the government seems to be getting impatient waiting for rivals San Miguel/Citra and Metro Pacific groups to resolve their differences on the P7-billion, five-kilometer common alignment on their own. After all, the government wants the project to get going in preparation for the Asia-Pacific Economic Cooperation (Apec) Summit to be hosted by the Philippines in 2015.
Posted: January 14th, 2013 in Headlines | Read More »
By Paolo G. Montecillo
INTERNATIONAL credit ratings firm Standard & Poor’s (S&P) has put Philippine Long Distance Telephone Co. (PLDT), the country’s most valuable firm, on positive ratings watch, indicating the chance for an upgrade in the next 12 to 18 months. This follows a similar move on the Philippines’ sovereign rating, which is on the verge of [...]
Posted: December 26th, 2012 in Editor's Pick,Headlines | Read More »
For the first time in many years, index heavyweight Philippine Long Distance Telephone Co. is under threat of being dislodged as the single most valuable company in the local stock market. The challenger is another formidable household brand: SM Investments Corp. of tycoon Henry Sy a.k.a. “Tatang.”
Posted: December 23rd, 2012 in Headlines | Read More »
By Paolo G. Montecillo
The largest Filipino-owned business process outsourcing (BPO) firm, SPi Global Holdings Inc., is set to be acquired by a foreign group as the former’s parent, Philippine Long Distance Telephone Co., looks to pare down its debts.
Posted: December 19th, 2012 in Headlines | Read More »
By Paolo G. Montecillo
The largest Philippine-owned business process outsourcing (BPO) firm, SPI Global Holdings Inc., has bought a leading publisher of educational materials, positioning the company to take advantage of the burgeoning opportunities in the United States.
Posted: November 13th, 2012 in Headlines | Read More »
By Raul J. Palabrica
The recent ruling of the Supreme Court in the case of “Wilson Gamboa vs Finance Secretary Teves et al.” has blurred the distinction between “legal ownership” and “beneficial ownership” as far as stocks in partially nationalized industries are concerned.
Posted: November 1st, 2012 in Columnists,Inquirer Columns | Read More »
By Raul J. Palabrica Jr.
This was the common sentiment of the companies that stand to be affected by the ruling of the Supreme Court on the motions for reconsideration filed on its earlier decision in the case of “Wilson Gamboa vs Finance Secretary Teves, et al.”
Posted: October 26th, 2012 in Columnists,Inquirer Columns | Read More »
By Paolo G. Montecillo
Philippine Long Distance Telephone Co. (PLDT) has approved the issuance of new voting shares to allow the company to comply with the Supreme Court’s interpretation of foreign ownership limits in local utilities.
Posted: October 16th, 2012 in Headlines | Read More »
By Christine O. Avendaño
The Supreme Court (SC) has ruled with finality that the 60-percent Filipino ownership over foreigners required by the Constitution to engage in certain economic activities, particularly public utilities, extended not only to the voting rights but also to the beneficial ownership of the corporation.
Posted: October 16th, 2012 in Latest Business Stories | Read More »
By Paolo G. Montecillo
Pangilinan-led Philippine Long Distance Telephone Co. is set to pay as much as P800 million for data centers owned and operated by the IPVG group, which is dropping its technology business.
Posted: October 15th, 2012 in Latest Business Stories | Read More »
By Tetch Torres
Public utilities like the Philippine Long Distance Telephone Company (PLDT) which allegedly violated the constitutional cap on foreign ownership can still correct their deficiencies, the Supreme Court said Monday.
Posted: October 15th, 2012 in Latest Business Stories | Read More »
By Paolo G. Montecillo
Philippine Long Distance Telephone Co. (PLDT) has acquired the country’s local data center operator as the group eyes the expansion of its enterprise information technology service portfolio.
Posted: October 13th, 2012 in Headlines | Read More »
