Business Columns

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TWO golfers were annoyed by an unusually slow twosome in front of them. One of the offending pair was standing aimlessly while the other player was searching diligently in the rough. “Why don’t you help your friend find his ball?,” cried one of the impatient golfers. The reply was vexingly…

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Like the rest of the persecuted consumers of the Manila Electric Co. (Meralco), I was initially encouraged by the news earlier this week that the Energy Regulatory Commission (ERC) had finally been shaken out of its torpor and obliged to fulfill its legal mandate to intervene in the scandalous electric…

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If Z, a stock corporation, has two stockholders, such as X with 60 percent and Y with 40 percent, what is its nationality? The answer depends on the ownership of the two stockholders. If X is 60-percent Filipino and 40 percent foreign, and Y is 100 percent foreign, then Z…

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Despite all the odds, the bourse has managed to survive and made a good showing of itself in the local economic arena. Several times has the worldwide bourse encountered a roller coaster experience, yet the local bourse has stayed on course toward a relatively steady and firm status. Notwithstanding the…

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The first couple of months of 2014 have been an unpleasant time for supporters of alternatives to the global monetary system we’re all supposed to believe is on the brink of collapse. Back in January, US authorities arrested 24-year-old Charlie Shrem, the chief executive officer (CEO) of the Bitcoin exchange…

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Unusual generosity. On March 6, the board of Semi–rara Mining Corp. approved the distribution of P712.50 million in stock dividends, which gives a stockholder two common shares for every common share held. The stock dividends will be taken from the company’s unrestricted retained earnings as of December 31, 2013. Semirara…

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I was at a conference last week—the Second Annual Power and Electricity Philippines—“seizing the immense investment opportunities. . . “ I must say that the choice of the Hyatt Hotel and Casino as venue for the conference was not ideal, because Mabini needs quite a lot of tidying up for…

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“Change” is a concept. The website, Etymoline, traces back to the 13th century the earliest known use of change. As a verb, it pertains to the difference that an action can bring about. But this overused term had taken centuries to enrich itself. In the 15th and 16th centuries, change…

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Civil Aviation Authority of the Philippines (CAAP) Deputy Director General John Andrews must really be regretting his boast that he would resign his position if the Philippines’ Category 1 status under the US Federal Aviation Administration’s International Aviation Safety Assessments (IASA) Program was not restored. We at least hope that…

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