The Manila Times

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THE stock market tumbled to the 8,300 level in midday trading on Wednesday as investors started to cash in gains following the recent highs. At the midday break, the benchmark index lost 1.38 percent or 117.63 points to 8,380.11. The wider All Shares dropped 1.15 percent or 57.18 points to 4,901.35. “The…

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THE Securities and Exchange Commission is planning to impose the 20 percent minimum public ownership on companies that will conduct initial public offerings (IPOs) starting later this month. “Our thinking is we will go forward with the IPOs first to require the [20 percent] minimum float. We’re still looking at how…

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PHILIPPINE shares sustained their momentum in midmorning trade on Tuesday, breaching the 8,500 resistance level on a number of positive leads. As of 11:05 am, the bellwether index was up 95.87 points or 1.14 percent at 8,543.81. The wider All Shares was up 35.89 points or 0.73 percent at 4,974. “There are…

AMID CLAIM OF SUCCESS

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REGIONS CORRESPONDENTS THE two-day nationwide transport strike that started Monday hardly affected the areas that the transport coalition planned to paralyze, except in some parts of Central Luzon and Cagayan de Oro City where drivers claimed 90 percent success. The Samahan ng Tsuper at Operators ng Pilipinas Genuine Organization (Stop…

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SHARIFF AGUAK, Maguindanao: The Philippine National Police (PNP) announced on Monday the surrender to Cotabato City police of a suspect in the Davao night market bombing in 2016. Senior Supt. Rolly Octavio, Cotabato City police director, said Mohammad Lalaog Chenikandiyil, one of the suspects in the incident, showed up at…

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The personal physician of Cebu Archbishop Emeritus Ricardo Cardinal Vidal said that the prelate who is in the intensive care unit of the Perpetual Succor Hospital in Cebu City is now responsive but remains in critical condition after he suffered a heart attack on Friday. Friends request for prayers for…

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THE Sandiganbayan’s fifth division has dismissed for lack of merit the motion for reconsideration filed by former Puerto Princesa Mayor Edward Hagedorn filed on August 16 in connection with the graft complaint he is facing. The Office of the Ombudsman filed cases of graft, perjury and breach of conduct over…

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A PHILIPPINE Army soldier was killed while another was wounded after New People’s Army (NPA) rebels fired upon troops doing repair works at a public school in Quirino, Ilocos Sur. 2Lt. Rey Gaezell Anfone, spokesman of the Army’s 81st Infantry Battalion (81IB), said two NPA rebels from the Kilusang Larangang…

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