EMETERIO SD. PEREZ

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THERE is no equal sharing of ownership between Filipinos and foreigners in a Philippine stock corporation. A provision in the Constitution limits the latter to a maximum of 40 percent participation in nationalized and partly nationalized companies. As the Supreme Court ruled in the Gamboa case surrounding the ownership structure…

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THE Philippine National Police should not have been assigned to stop the Filipinos critical of Americans from attacking the United States embassy. US Marines stationed at the embassy are responsible for keeping the embassy and its staff safe. By allowing American soldiers to protect their fellow Americans, the policemen could…

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THE anti-foreigner demonstrators should know the jobs that would be lost in their desire to drive out foreign businesses. The exodus by these employers to relocate their operations somewhere else outside the Philippines where they would be welcome would displace thousands of workers and economically dislocate their families. Like his…

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A “conglomerate map as of June 30, 2016” listed Philippine Long Distance Telephone Co. and Globe Telecom Inc. as 50:50 stockholders of Vega Telecom Inc., which, in turn, wholly owns Liberty Telecoms Holdings Inc. Liberty Telecoms showed the map in a posting on the website of the Philippine Stock Exchange…

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IF as public stockholders you want a company that hides the identities of its stockholders behind PCD Nominee Corp., you don’t have to look farther than the roster of companies listed on the Philippine Stock Exchange. You only have to search among the 300 or so listed stocks to find…

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WHO can qualify as public stockholders of listed companies? In the absence of guidelines from the Securities and Exchange Commission, other corporate stockholders, apart from the majority owners, become public. Simply put, public is more encompassing than the minimum 10-percent public ownership required under the rule. It also covers corporate…

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BUSINESSMAN Roberto V. Ongpin reacted to Wednesday’s Due Diligencer. In a brief note he emailed me, he corrected my piece on the sale of shares he owns in PhilWeb Corp. The contents of the email are self-explanatory. He wrote: “Thank you for your column today regarding my PhilWeb shares which…

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THE Securities and Exchange Commission is very accommodating of the requests of listed companies to deprive the public of their preemptive rights over issuances of additional shares. Its officials should explain to the public the reason for their “connivance” with the very rich owners of listed companies against individual investors.…

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LISTED companies are not necessarily public. In fact, as I had written in a previous Due Diligencer, they got some if not all their shares listed because of the public. Here I am presenting how listed companies continue to violate regulatory 10-percent minimum public ownership rule. If listed companies want…

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IN business, joint venture refers to a 50-50-percent sharing of ownership in a stock corporation. In layman’s term, this partnership is simply alliance of capital. In short, they who have the money rule that even competitors unite for business convenience. The latest example of a joint venture involved the Philippines’…

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