Business Columns

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THE amount of retained earnings determines the ability of a company to declare dividends, which, of course, is subject to the decision of the board. But said declaration of dividend does not happen often because listed companies prefer to keep most of their profits intact to finance their expansion. After…

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A series of unfortunate events both natural and man-made has again put the country into the limelight of shame and “fame.” The biggest financial scandal of all time involving government funds that obviously emanate from people’s hard-earned income taxes has been uncovered. The highly anomalous issue on priority development assistance…

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When I started my week at about 7 a.m. Monday morning, I was preparing to compose a column or two about some interesting issues raised by Dan Lachica, president of the Semiconductor and Electronics Industries of the Philippines (Seipi), in a roundtable meeting hosted at The Manila Times offices last…

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A couple of weeks or so ago, my column was entitled Out of Control Corruption. This week’s column is on the same topic but from a different angle, namely the damage caused by out of control corruption to the credibility of the Philippines; its economy, the future of the country…

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THAT Harbor Star Shipping Services Inc. (HSSSI) is going public is good news. But will its initial public offering (IPO) attract investors? Let’s see the numbers. The company has been performing well. In the first quarter of 2013, its net income went up by 55.7 percent to P31.5 million from…

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After having made a curiosity-fueled visit to the Metro Manila Development Authority’s new “Southwest Integrated Terminal [SIT]”—apparently no one, not even the MMDA, is exactly sure what to call the mess it has created—a day after its chaotic opening, I had an opportunity last week to make a follow-up visit,…

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As we celebrate heroism this August, I thirst for even one, just one, of the many illustrious names in Forbes’ 2013 50 Richest in the Philippines to leave a heroic legacy in the spirit of Francisco de Carriedo y Peredo (1690 to 1743), whose 270th death anniversary falls this coming…

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A FOREIGN dignitary, visiting Africa, made an appearance before a large gathering of natives. He launched into a long, rambling anecdote that went on for about half an hour. The natives were respectfully silent. When he had concluded, the only available interpreter in town rose from his seat and said…

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INSIDERS’ trades. Jose Cloribel Rodriguez 4th, treasurer of Concrete Aggregates Inc., sold 1.2 million shares at P40.20 each on July 17. He missed the stock’s session’s high of P46.20, then “lost” more the following day when Concrete Aggregates climbed 14.6 percent to close at high of P52.95. The sale reduced…

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Everybody, this writer included, acknowledges the immense participation of the real estate industry to the growth of the economy last year, and predictably also for this year. A considerable percentage of the country’s 6.6-percent gross domestic product growth rate in 2012 has been attributed to the growth of real property…

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