GMA Network has abandoned its court challenge against the Securities and Exchange Commission’s stricter board tenure rules, ending a legal fight that sought to preserve two of its longest-serving independent directors.
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For several days, Philippine aviation regulators were preparing for a scenario few wanted to see: the phased shutdown of one of the country’s biggest airlines.
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A Securities and Exchange Commission official arrested in an extortion sting operation last week was warning the public a few months ago to stay away from scams and illegal investment offers.
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Thin trading activity has long been a challenge in the Philippine stock market, with many listed companies experiencing limited daily turnover. By broadening the scope of market-making activities, the PSE hopes to encourage more consistent trading, narrower bid-ask spreads, and improved price discovery.
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The appointment comes as the country’s main gateway undergoes one of its most significant transformation efforts in decades.
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The Lopez family’s Rockwell Land Corp. is turning to world-renowned architect Carlos Ott as it prepares a sweeping overhaul of Alabang Town Center, signaling that its biggest acquisition yet is becoming a key pillar of the developer’s long-term growth strategy.
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The remarks offered a rare personal glimpse into the Ateneo and Wharton graduate who helped build First Pacific from a four-person Hong Kong startup into a regional investment group which oversees listed and privately held assets worth over P1 trillion.
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For many Filipino investors, the blockbuster deal is becoming a painful reminder of what the local market has struggled to produce in recent years: a story big enough to make investors dream again.
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Cebu Air Inc. owners and executives are taking voluntary pay cuts as early as next month as the country’s biggest airline by fleet size and passenger volume confronts its toughest operating environment since the pandemic.
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