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Plan to raise minimum public float deferred

THE Securities and Exchange Commission (SEC) is deferring its plan to raise the minimum public ownership (MPO) of publicly listed companies, as it bids for more time to study the increase......»»

Category: newsSource:  bworldonlineRelated NewsJun 17th, 2019

Financial case a cloud over unprecedented City titles feat

By Rob Harris, Associated Press LONDON (AP) — After the FA Cup was raised aloft by Manchester City's players, the Wembley Stadium pyrotechnics didn't cast a cloud over the team's unprecedented sweep of English soccer's men's trophies. The only shadow came from the investigations by soccer authorities into leaked documents that allegedly show the game's costliest squad was assembled thanks to mechanisms employed to try to circumvent spending regulations. A 6-0 rout of Watford on Saturday, delivered by players who cost more than $200 million in transfer fees, ensured the FA Cup joined the Premier League trophy, League Cup and Community Shield already in City's possession. The only piece of silverware missing is from the competition City could be banned from next season: the Champions League. City arrived at Wembley reeling from UEFA investigators last week sending the governing body's judges a file into how the Abu Dhabi-owned club sought to allegedly dupe the governing body to comply with Financial Fair Play. And the team left the national stadium with manager Pep Guardiola seething to face questions about the cloud over City's feat. "We are not guilty (until) proven," Guardiola said. "Would I say this club makes a step forward from the big investment from Sheikh Mansour? Definitely. Can you do that without top players? No way. That money helps to buy the incredible players we have? Yes. "After that we wait. If we are punished, we will accept it. But I listen to my chairman and my CEO, they give me the arguments for why they are under investigation and I trust them. When they tell me we were fair, we did it absolutely following the rules, I'm sorry, I believe them. If the opponents and contenders believe that's it's just the money ... it is OK they will be a problem." Guardiola is the only City figure publicly responding to questions about the FFP investigation, despite not being a director. Leaving Wembley, City chairman Khaldoon Al Mubarak only gave a thumb's up when asked about the club's potential Champions League ban. Leaks of internal correspondence published by German outlet Der Spiegel last year showed how City used companies linked to the Abu Dhabi ownership to boost revenue in an attempt to curb losses and comply with UEFA regulations. City hasn't disputed the authenticity of the documents. The Football Leaks group also published details showing how Roberto Mancini, who managed City from 2009 to 2013, received more pay from a team Sheikh Mansour owns in Abu Dhabi to work as a consultant than from the Manchester club. Mancini was the last City manager to win the FA Cup in 2012. City hasn't responded to questions sent by The Associated Press in November asking if Guardiola had any similar arrangements to Mancini, and the manager was infuriated to be asked Saturday if he received any payments from Abu Dhabi. "Do you know the question you are asking me — if I receive money from another situation today?" Guardiola said. "Do you think I deserve to make this kind of question ... the day I won the treble, if I received money from another situations?" Guardiola is yet to provide an answer. City did not respond to a follow-up text message on the issue......»»

Category: sportsSource:  abscbnRelated NewsMay 19th, 2019

Property & Infrastructure: Most foreign firms owning property in London are registered in tax havens

LONDON -- The vast majority of overseas companies that own property in London, including many used by individuals to help disguise their ownership, are registered in tax havens, according to a report by Transparency International UK and Thomson Reuters......»»

Category: financeSource:  bworldonlineRelated NewsDec 5th, 2016

Duterte wants foreign ownership limits included in Charter change agenda

President Rodrigo Duterte is pushing for Charter amendments to ease the foreign ownership of companies to spur economic growth and job generation in the country. In a press conference in Davao City Thursday night, the President announced that he was in fa.....»»

Category: newsSource: NewsAug 11th, 2016

New law lifts foreign ownership limit in adjustment companies

MANILA -- The Insurance Commission (IC) welcomes the passage and implementation this month of a new law lifting foreign ownership limit in adjustment companies noting that this will make the Philippines comply with its commitments to the ASEAN Economic Co.....»»

Category: newsSource: NewsAug 9th, 2016

New law now allows full foreign ownership in finance companies

MANILA, Philippines - The lifting of the foreign ownership restriction on adjustment, lending and financing companies as well as investment houses is expecte.....»»

Category: financeSource:  philstarRelated NewsAug 1st, 2016

UK shares list in China, a first for foreign firms

LONDON, United Kingdom – Britain and China began selling shares in each others' companies on Monday, June 17, under a landmark deal, Britain's Treasury announced, as London looks to remain a leading financial center post Brexit . The launch of the London-Shanghai Stock Connect marks "the first ........»»

Category: newsSource:  rapplerRelated News1 min. ago

Globe set to lease 150 common towers from two companies

TWO common tower providers are set to sign a memorandum of agreement (MoA) with the Department of Information and Communications Technology (DICT) after securing a deal with Globe Telecom, Inc. for the installation of passive telecommunications infrastructure......»»

Category: newsSource:  bworldonlineRelated News16 hr. 48 min. ago

Uruguay cruises past 10-man Ecuador in Copa America opener

By Debora Rey, Associated Press BELO HORIZONTE, Brazil (AP) — Uruguay started the Copa America in style, showing why it's considered a top favorite for the South American title. With Edinson Cavani and Luis Suarez in top form, Uruguay earned a comfortable 4-0 win over 10-man Ecuador in its opening match on Sunday. Cavani, Suarez and Nicolas Lodeiro scored in the first half, and an own-goal by Ecuadorean defender Arturo Mina after halftime sealed the victory for a dominant Uruguayan squad in the Group C match at the Mineirao Stadium. "It was an important first step for us," Cavani said. "We have to try to keep this momentum during the rest of the tournament." Uruguay played with an extra man from the 24th minute after Ecuador's Jose Quintero was red-carded for elbowing Lodeiro during a ball dispute. Quintero was initially given a yellow card, but video review determined he deserved a red. Uruguay was already in control when Quintero was sent off at the Mineirao, which held a small crowd of about 13,000 people. Lodeiro opened the scoring in the sixth minute, controlling a pass from Suarez inside the area and lobbying the ball over a defender before finding the net. "After the red card the game opened up and we dominated," Lodeiro said. "It was an important opening victory. We have to keep going game by game, always trying to improve." Cavani had two close-range attempts saved by Ecuador goalkeeper Alexander Dominguez before finally scoring with a volley in the 33rd, then Suarez added to the lead after a corner kick in the 44th. The fourth goal came when Mina as he tried to clear a ball crossed into the area in the 78th. The goal also had to be confirmed by video review. Uruguay had two goals disallowed for offside, one in each half. Ecuador finished with only on shot on goal, coming in the first minute of the match. "They were better than us in every aspect," Ecuador coach Hernan Dario Gomez said. "Uruguay is a great team, very experienced." Guest Japan and two-time defending champion Chile will play the other Group C match on Monday in Sao Paulo. Uruguay is the Copa America's most successful team with 15 titles, one more than Argentina. Its last Copa America title was in 2011. Ecuador made it to the quarterfinals of the 2016 Copa America. Uruguay next faces Japan on Thursday in Porto Alegre, while Ecuador takes on Chile in Salvador......»»

Category: sportsSource:  abscbnRelated News20 hr. 1 min. ago

Low-cost housing in Laguna

Laguna has solidified its status as a prime residential location outside of Metro Manila due to its proximity and growing business and employment opportunities. To address the growing demand, BRIA Homes, one of the country’s leading real estate companies, is offering six low-cost property developments in Calamba, Calauan, Sta. Cruz, San Pablo, and Alaminos. Calamba […].....»»

Category: newsSource:  tempoRelated NewsJun 17th, 2019

PNP, NBI team up to dismantle ‘Kapa-like investment scams’

The Philippine National Police is teaming up with the National Bureau of Investigation and Securities and Exchange Commission to dismantle the operations of investment companies and corporations allegedly involved in investment scams. In a press briefing in Camp Crame, Quezon City yesterday, Police Gen. Oscar Albayalde, PNP chief, said that educating the public is a […].....»»

Category: newsSource:  tempoRelated NewsJun 17th, 2019

After 3 rollbacks, oil prices going up on June 18

MANILA, Philippines – Oil companies are set to implement a price hike on Tuesday, June 18, after 3 straight rollbacks . Shell, Seaoil, Petro Gazz, PTT Philippines, and Total will increase the price of gasoline by P0.35 per liter and diesel by P0.20 per liter. Companies carrying kerosene will also raise the ........»»

Category: newsSource:  rapplerRelated NewsJun 17th, 2019

Philippine companies shun China import exhibit& nbsp;

Philippine companies shun China import exhibit& nbsp;.....»»

Category: financeSource:  thestandardRelated NewsJun 16th, 2019

SEC wants listed companies to disclose salaries of top executives

SEC wants listed companies to disclose salaries of top executives.....»»

Category: financeSource:  thestandardRelated NewsJun 16th, 2019

Brazil s president says criminalizing homophobia could hurt gays

BRASILIA, Brazil – Brazil's far-right President Jair Bolsonaro on Friday, June 14, criticized the Supreme Court's decision to criminalize homophobia, saying it could "hurt" gays by deterring companies from hiring them. Bolsonaro, who has a history of homophobic remarks – he once declared he would rather his son die than ........»»

Category: newsSource:  rapplerRelated NewsJun 15th, 2019

Online gambling: Good for whose business?

AT A GLANCE The Chinese government is fighting online gambling, but companies are moving its operations offshore to avoid sanctions. Real estate and other Philippine businesses are booming due to online gambling operations. The Philippines’ regulatory environment is weak, but government agencies are slowly ........»»

Category: newsSource:  rapplerRelated NewsJun 14th, 2019

Duterte vows to distribute all public lands to “make NPA irrelevant”

DAVAO CITY (MindaNews / 14 June) — President Rodrigo Duterte has ordered to distribute all government-owned lands to the poor and vowed he would fulfill the promises that the New People’s Army (NPA) had failed to deliver, to make them irrelevant. In his speech during the distribution of certificates of land ownership (CLOAs) to agrarian […].....»»

Category: newsSource:  mindanewsRelated NewsJun 14th, 2019

Eastern Communications Powered Up Its Strong Connections in Cebu with Enhanced Internet Solutions

Businesses in Cebu City can now experience more of Eastern Communications’ strong connection as it launches its enhanced internet solution Fiber1. At an event in Cebu City entitled Via Eastern: Where Your Business Takes Flight, Eastern Communications officially launched its cutting-edge connectivity and data solutions, designed to help enterprises and companies thrive in today’s business […].....»»

Category: newsSource:  metrocebuRelated NewsJun 14th, 2019

Local autoparts suppliers eyed for BMW requirements

The Board of Investments (BOI) is encouraging local auto parts companies to tap into the global supply chain and serve the needs of German automotive firm BMW......»»

Category: financeSource:  philstarRelated NewsJun 14th, 2019

Kapa show of force in GenSan fails to shake Duterte

GENERAL SANTOS CITY (MindaNews / 13 June) – Thousands of members of the embattled Kapa Community Ministry International, Inc. staged a rally here Thursday to urge President Rodrigo Duterte to reconsider his order to shut down what he dubbed as an investment scam. But Duterte, who distributed certificates of land ownership at the Lagao gymnasium […].....»»

Category: newsSource:  mindanewsRelated NewsJun 13th, 2019