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Metro Pacific Investments Corp.

GSIS seeks trading suspension, delisting of MPIC

MANILA - State pension fund Government Service Insurance System (GSIS) has asked the Philippine Stock Exchange (PSE) to suspend the trading of Metro Pacific Investment Corp. (MPIC) and delist the company for failing to make truthful disclosure of a deal to acquire additional shares in Manila Electric Co. (Meralco).

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Corporate governance issues haunt PSE

PSE REUTERS

MANILA – While the Philippine Stock Exchange (PSE) has grand visions of playing a role in guiding listed firms into corporate governance stature, recent incidents at the bourse show it is having trouble keeping its own house in order.

Junie del Mundo: Building solid ground

Junie del Mundo, EON

Seven years of perfecting the art of selling and negotiating in the world’s snobbiest region were not enough to prepare Junie del Mundo to the tumble and mumble of running his own business back home.

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RP firms share lessons from recent typhoons

as of 11/21/2009 8:48 AM Photo shows the main entrance of SM Rosales in Pangasinan flooded after typhoon Pepeng. [screenshot]

MANILA - The country's biggest conglomerates recently gathered at the Philippine Stock Exchange headquarters to discuss lessons learned from the devastation wrought by typhoons "Ondoy" and "Pepeng" (international code names Ketsana and Parma, respectively).

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RP stocks to consolidate next week: dealers

as of 11/20/2009 8:41 PM PSE

MANILA - Philippine shares will likely consolidate next week as the market takes a breather after breaching an important psychological barrier, dealers said here Friday.

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RP, Norway ink deal for flood warning systems

as of 11/20/2009 7:21 PM ABS-CBN news team footage of Typhoon 'Pepeng' in Cagayan [ABS-CBN News/Jorge Cariño]

MANILA - The Philippines entered into an agreement with the Kingdom of Norway to help improve the flood forecasting and warning system (FFWS) of the Magat dam in Cagayan, following the onslaught of massive floods caused by recent storms.

...full article

Cebu Pacific brings back P1 seat sale

as of 11/20/2009 8:24 PM Cebu Pacific logo

MANILA - Gokongwei-led Cebu Pacific will offer its one-way "Go Lite" P1-seat sale for all international and domestic destinations this weekend.

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Banks' bad loan ratio lowest since Asian financial crisis

as of 11/20/2009 5:34 PM Bangko Sentral ng Pilipinas

MANILA - The non-performing loan (NPL) ratio of Philippine commercial and universal banks dropped to 3.25% in September, the lowest since its peak during the Asian financial crisis, according to the Bangko Sentral ng Pilipinas (BSP).

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Andrew Tan-led holding firm reports higher earnings

as of 11/20/2009 4:25 PM Alliance Global Investment

MANILA - Alliance Global Group Inc., the holding firm of tycoon Andrew Tan, reported a 16% jump in earnings for the first 9 months of the year owing to the improved performance of its business units.

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