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SHOULD listed companies determine their compliance with the 10-percent minimum public ownership rule by using the entire capital stock to include non-voting preferred shares or only voting shares? To allow the practice of limiting public ownership to voting common shares would be tantamount to depriving the public of their pre-emptive…

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Consumer price inflation slows to 1.6%, lowest since 1995 Philippine headline inflation hit its slowest pace in 20 years in May, easing to 1.6 percent as the cost of housing, utilities, fuels and communications sustained a decline, figures released Friday by the National Economic and Development Authority (NEDA) showed. Using…

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THE Philippines’ gross international reserves (GIR) rose by 0.76 percent to $80.858 billion in May from $80.242 billion a year earlier on the back of the central bank’s foreign exchange operations, revaluation adjustments on gold holdings and income from investments abroad. Month-on-month, the foreign reserves rose by 0.01 percent or…


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ALTHOUGH it claimed that the Philippines is still on a positive growth path, the central bank has warned that a significant slowdown in the Chinese economy is a risk factor on Philippine growth. Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said one of the key risk factors that…

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THE Energy Regulatory Commission (ERC) said it cannot order Manila Electric Co. (Meralco), the country’s largest distribution utility, to refund its customers because the issue on the reported overcharging is still pending with the Supreme Court. “We might violate the order of the Supreme Court if we act on the…

Regions

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ISLAMABAD: Pakistan on Sunday ordered a temporary stay of executions following objections from the president and rights groups, days before they were due to resume after a five-year moratorium. The new government of Prime Minister Nawaz Sharif in June scrapped the moratorium on the death penalty in a bid to…

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ANTANANARIVO: An electoral court in Madagascar has removed the names of three high-profile presidential contenders, including strongman Andry Rajoelina, whose disputed candidacies had stalled polls aimed at ending a four-year political crisis. The new electoral court set up last week met to “clean” up the list of 41 candidates approved…

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CAIRO: Supporters of ousted Egyptian president Mohamed Morsi announced new demonstrations on Sunday as the country grew increasingly polarized and the death toll in four days of violence topped 750. The fresh protests come after violent standoff between Islamists and security forces at a mosque in central Cairo on Saturday…

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BRUSSELS: The European Union’s top diplomat Catherine Ashton, who leads global talks with Tehran on its disputed nuclear drive, called for a resumption of the talks in a phone conversation on Saturday (Sunday in Manila) with Iran’s new foreign minister. A statement from her spokesperson said Ashton phoned the new…

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BANGKOK: Thai authorities on Sunday seized some 980,000 illegal methamphetamine pills worth almost $6 million stashed in a truck thought to be heading to the capital Bangkok from northern Thailand, police said. Acting on a tipoff, narcotics police and local military officials set up roadblocks in Chiang Rai province in…

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LONDON: British police said on Saturday (Sunday in Manila) they were examining new information about the 1997 death of Diana, princess of Wales, reportedly including an allegation that she was murdered by a British military figure. Scotland Yard police headquarters said that it was checking the credibility of recently received…

Today's Breaking News

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SYDNEY – Easing conditions Sunday after a week-long heatwave helped Australian fire crews battling major wildfires that destroyed 25 homes in the southeast, but there were warnings of a long and dangerous season ahead. Firefighters in the states of South Australia and Victoria said they had gained the upper…

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LOS ANGELES – Truth can be stranger than fiction, so they say. But when it comes to movies, truth can also be more powerful than fiction, at least judging by this year’s Oscar nominees. No fewer than six of the nine films nominated for the best picture Academy Award are…

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The temperature in Baguio City dropped to 8.1 degrees Celsius on Sunday, the lowest so far this month, according to Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). PAGASA weather forecaster Buddy Javier said the drop in temperature was recorded around 5:10 a.m. He added that Sunday’s temperature was…

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PARIS – President Francois Hollande’s partner emerged from a week’s stay in hospital Saturday as the French leader faced calls to clear up his personal life after revelations he had an affair. De facto First Lady Valerie Trierweiler, who was admitted to hospital on January 10 suffering from nervous exhaustion…

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BEIJING — China has started constructing the second of four planned aircraft carriers, a top government official said according to media reports on Saturday. The ship is under construction in the northeastern port of Dalian and will take six years to build, the reports said quoting Wang Min, Communist…