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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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.
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.
![Photo shows the main entrance of SM Rosales in Pangasinan flooded after typhoon Pepeng. [screenshot]](http://news.abs-cbn.com/sites/default/files/imagecache/imagecache_thumb/a_images/events/others/std_sm_1000stuck.JPG "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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MANILA - Philippine shares will likely consolidate next week as the market takes a breather after breaching an important psychological barrier, dealers said here Friday.
...full article![ABS-CBN news team footage of Typhoon 'Pepeng' in Cagayan [ABS-CBN News/Jorge Cariño]](http://news.abs-cbn.com/sites/default/files/imagecache/imagecache_thumb/a_images/events/calamities/tuguegarao_100309.jpg "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.
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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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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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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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For the average Jose, wine and liquor stores are alien territory. Shooing away many novices is the thought of a snobbish wine specialist who would raise an eyebrow as they struggle with labels printed in foreign languages. But that’s not always true.
With financial jargons leaping from business pages to front page headlines, here's a guide to understanding the current US financial crisis better.
