Trolling PLDT, Globe, Smart and Sun!
Yup, looks like happy days are coming to Empire PLDT. According to experts/reports, the latest SEC draft on the policy of foreign ownership or capitalization of key Philippine companies is more relaxed versus the last version. To wit: “The required percentage of Filipino ownership shall be applied to both a) the total number of outstanding [...]
Did the Securities and Exchange Commission open our doors to an invasion of foreign capital that targets key Philippine industries? Read on. The SEC has finally drafted new guidelines that will be applied to the foreign ownership ratio of sensitive local industries (telcos included) – focusing on the 40% ownership rule prescribed by the Philippine [...]
Representative Rufus Rodriguez of Cagayan de Oro wants some questions answered – Rufus wants to clarify things on the PLDT-Supreme Court-Foreign Ownership brouhaha. And so Rufus filed House resolution 2990 that urges the Committee on Trade and Industry to find out if we need a law that will balance two things: the attractiveness of the [...]
The Supreme Court has issued some clarifications on its ruling on foreign ownership rules for sensitive Philippine utilities, which the SEC will use when it releases its governing guidelines on the issue. Blast from the Near Past: In a landmark case involving PLDT, The SC has ordered the SEC to apply the definition of the [...]
It is in PLDT’s interest to maintain the influx of funds it gets from foreign sources. It is in the interest of the nation to keep sensitive industries in the hands of Filipinos. And now this: a minority owner of PLDT has raised a dire warning to the current administration; that it would pull out [...]
Troll: The SEC has been out of the news these past few years or so – and now a great big spotlight is cast upon the regulator and on its shoulders rests a groundbreaking policy that will reaffirm the power of the Philippine Constitution on the rules governing the foreign ownership of crucial and sensitive [...]
Manuel V. Pangilinan is scared for the welfare of Philippine Industries in light of the recent Supreme Court (SC) decision on foreign ownership rules for public utilities. The big cheese of the PLDT group has even urged the Aquino administration to prioritize certain policies, specifically the possible amendment to the Philippine Constitution so that foreign [...]