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MANILA, Philippines — Goodyear Philippines Inc. recently announced the launch of the new Wrangler Duratrac RT, designed for free explorers to pursue excitement, and go far with trustworthy off-road capabilities.
Thanks to Jack Plumber for this great question. Anyone who has tried to download a prospectus for an IPO, FOO, SRO, or bond offering has likely encountered the scary-looking “THIS INFORMATION IS TO BE VIEWED EXCLUSIVELY WITHIN THE PHILIPPINES” notice at some point, and perhaps has even had to download the PDF using a VPN at some point. Why is it like this? The answer is to limit legal liability. A prospectus is a legal document that is meant to bring the issuing company into regulatory compliance with the SEC’s and PSE’s legal requirements for listing in terms of the information that must be disclosed to the potential buyer. However, the SEC’s laws are applicable only to the Philippine context. Does the prospectus also comply with the securities laws of the US, Germany, Singapore, and Japan? There’s no good way for the issuing company to be aware of all the restrictions for all the jurisdictions in the world, let alone draft a document that would somehow be suitable for all (or individual documents for each). The simplest thing to do is to throw up one of those scare barriers and force the downloader to make the declaration that they’re inside the Philippines. The company doesn’t have to aggressively police the outcome (they’re not going to require a PH-based SIM to confirm a download), but they have to make some effort to prevent dissemination of the prospectus to potential buyers from other jurisdictions.
Second biggest domestic animated opening of all-time at $154.2M, and second largest for Pixar: Behind Disney/Pixar’s own Incredibles 2 ($182.6M) and ahead of Illumination/Universal’s Super Mario Bros Movie‘s 3-day of $146.3M. Pixar are now responsible for 3 of the top 4 domestic animated openings of all-time.The biggest opening for an animated movie worldwide at $295M: That is when using current exchange rates and in like-for-like markets; higher than Super Mario Bros Movie.
MANILA, Philippines — The Metro Manila Council (MMC) yesterday approved a resolution urging local government units (LGUs) to enact ordinances that would regulate the installation of telecommunications and electric wires.
MANILA, Philippines — Health insurance provider Maxicare has reported a data breach to the National Privacy Commission.
(UPDATE) AFTER last week's rollbacks, all fuel prices went up on Tuesday, with diesel and kerosene having the biggest increases.
(UPDATE) THE Maritime Industry Authority (Marina) confirmed on Monday that four of its web-based systems were attacked and compromised on Sunday.
ATHENS, Greece — An American was found dead near the Greek island of Corfu on Sunday, media reported, the latest tourist fatality during an unseasonal heatwave as three other visitors were missing.