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Alternergy conducts first public Q&A since IPO - philstar.com

Alternergy conducts first public Q&A since IPO

Alternergy [ALTER 0.70 ?1.4%; 159% avgVol] presented its Q1 results on Wednesday as part of the PSE’s STAR Investor Day event, and MB was there to document its first public Q&A with institutional and retail investors since its IPO over a year ago. For me, the most interesting component of any STAR presentation is the Q&A, because it’s where we get the chance to hear the management team talk outside of the cold forensics of the financial statements to address the hope, fear, optimism, and pessimism of the average investor. > On enhancing shareholder value:  The ALTER team said that its focus is on controlling what it can control and that as a developer, it does everything that it can to complete projects “within the timeline and committed budget”, increase its pipeline, and build good relationships with stakeholders. > On its growth strategy:  ALTER said that its “DNA is a developer”, and therefore its “preference is brownfield development” as opposed to acquisitions.

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Enrique Razon - Zobels sell remaining MWC holdings to Razon for P14.5-B - philstar.com - Philippines - state Michigan - city Manila

Zobels sell remaining MWC holdings to Razon for P14.5-B

Ayala Corp [AC 620.00 ?1.3%; 131% avgVol] [link] disclosed that its subsidiaries, Michigan Holdings and Philwater Holdings, would sell their combined holdings in Manila Water Company [MWC 26.60 ?1.5%; 123% avgVol] to Trident Water Company Holdings (TWC), which is owned by MWC’s current owner, Enrique Razon. The combined value of the two sales to TWC is P14.5 billion. The block of shares coming to TWC through Michigan Holdings was already processed and paid for (~P12.9 billion), and the remaining P1.6 billion worth of shares from Philwater Holdings will be purchased in installments over the next five years. AC confirmed that it will have no post-transaction common share interest in MWC, and that its voting stake will be “nil”. MB BOTTOM-LINE: In a weird way, the transfer of ownership and control of MWC from the Zobel Family to the Razon Family is one of the few lasting “achievements” of the Duterte administration. I put “achievements” in quotation marks because it’s not clear how the President’s overreach into the public markets benefitted anyone other than the obvious (MWC’s current owner). As longtime readers of MB will know I have a deep respect for Mr. Razon’s business acumen and operational quality, but I don’t know that MWC customers have necessarily felt any change as a result of this transfer, and I don’t know that minority shareholders have felt any change either. So maybe it was just Mr. Razon in the right place at the right time while Duterte rode the media waves of threatening the Zobels with death and dismemberment? Yeah, it was a weird time.

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Tessie Sy Coson on her best mentor, worst crises, anti-stress secret - philstar.com - Philippines - China - city Pasay - city Manila

Tessie Sy Coson on her best mentor, worst crises, anti-stress secret

One of the country’s most respected business leaders today due to her wisdom, humility and successful leadership, SM Investment Corp. (SMIC) vice chairperson and BDO Unibank, Inc. chairperson Teresita “Tessie” Sy Coson recently had a rare fireside chat session with 206 young Filipino-Chinese entrepreneurs of Anvil Business Club on May 13 at Conrad Manila Hotel in the Mall of Asia area, Pasay City. SMIC is the Philippines’ biggest business conglomerate and BDO is the country’s largest bank.

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Dolly DyZulueta - Recipe: Fresh Lato Salad - philstar.com - Philippines - Britain - city Manila, Philippines

Recipe: Fresh Lato Salad

MANILA, Philippines — It is so easy to put together this fresh local salad because the components are readily available.

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The Manila Times - Michael Ricafort - Luis Limlingan - Claire Alviar - Peso snaps win streak; stock market edges lower - manilatimes.net - Philippines

Peso snaps win streak; stock market edges lower

THE peso and stock market both closed the week on a negative note, with the currency snapping a three-day winning streak and the bourse threatening a return to the 6,500 level.

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Ferdinand Marcos-Junior - CATHERINE S VALENTE - Low-cost rice solution underway – Marcos - manilatimes.net - city Oro

Low-cost rice solution underway – Marcos

(UPDATE) PRESIDENT Ferdinand Marcos Jr. said on Thursday that the Congress bicameral committee was ready to present a solution to the high price of rice.

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DAR helps Sultan Kudarat farmers add value to their crops - dar.gov.ph

DAR helps Sultan Kudarat farmers add value to their crops

Bagumbayan, Sultan Kudarat — The Department of Agrarian Reform (DAR) in Sultan Kudarat has provided training to agrarian reform beneficiary (ARB) members of the Masiag Coffee Growers Agrarian Reform Cooperative (MACGARCO) to develop and add value to their squash products.

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Camarines Sur - Camarines Sur farmers earn over ₱250-K selling fresh produce, processed foods - dar.gov.ph - city Naga

Camarines Sur farmers earn over ₱250-K selling fresh produce, processed foods

NAGA CITY – Eight agrarian reform cooperatives in Camarines Sur province reported a total gross income of ₱252,278 in just the first quarter of 2024 from their entrepreneurial efforts selling fresh and processed agricultural products directly to consumers.

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