The Market Monitor Minding the Nation's Business

By Riza Lozada
 The board of San Miguel Corp. (SMC) unit Vega Telecom Inc. (VTI) approved the conduct of a voluntary tender offer for all the remaining 165.9-million common shares of listed Liberty Telecom Holdings Inc. (LIB) to comply with bourse requirements for the P70 billion sale of VTI to Globe Telecom and the Philippine Long Distance Telecommunications Inc. (PLDT).
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The Philippine Stock Exchange (PSE) expects a string of initial public offerings (IPOs) to be held in the second half of the year that is expected to raise P100 billion worth of new capital in the equities market.
    

Deca Homes, the premier mass-housing development arm of 8990 Holdings Inc., is supporting the Asia Pacific division championships of the Pony League to be held here beginning July 11.

Major communications firm Globe Telecom (Globe) has stressed the need for the added bandwidth it acquired through a recent lucrative deal to improve Internet service in the country.

There is an intensifying insurgency. The planets are aligning and, at least timeline-wise, we may have been the first to start a popular uprising against unfeeling and alienated authorities, insensitive and callous bureaucrats and unresponsive and incompetent governments. 

Rushing into the University of Columbia’s Chan Performing Arts Centre lobby for my first cultural evening a few years ago, I waded through wafts of perfume and brushed my arm against the silk sleeves of an opera crowd in frantic search of Jan, the friend who got for us tickets to Rusalka, Antonín Dvoák’s widely performed work. 

Father Jun is Leoncio Evasco Jr., former mayor of Maribojoc, Bohol, who first hit the headlines in 2013 when he took a brave stand against the Red Cross’s attempt to muddle up the distribution system for relief goods in his then earthquake-ravaged town.

Malacanang Spokesman Ernesto Abella said the Palace favors mandatory drug testing for government employees to regain the trust of the public. 

By Riza Lozada The Asian Development Bank (ADB) said it is revising its lending procedures after an update on its anticorruption policy to address tax secrecy, tax evasion, and aggressive forms of tax planning, collectively referred to as “tax integrity issues,” in the wake of recent global developments.

United States monetary officials’ concerns on the impact of global economic developments on the US economy and the Federal Reserve (Fed) rates is seen positive for capital flows to emerging economies like the Philippines.