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Boulevard Holdings sells 1.5-B shares to ownership group - philstar.com - Philippines

Boulevard Holdings sells 1.5-B shares to ownership group

Boulevard Holdings [BHI 0.06, down 3.1%] [link] advised that its stockholders approved a measure to increase BHI’s authorized capital stock from 17 billion shares to 18.5 billion shares, and to sell the 1.5 billion shares to a company called Puerto Azul Landn Inc. (PAZI), which is also owned and controlled by the Panlilio family. The shares will be sold to PAZI at P0.10/share, which is a 58% premium to the stock’s current market price of P0.063/share.

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The mutual fund at 100: is it becoming obsolete? - manilatimes.net - Usa

The mutual fund at 100: is it becoming obsolete?

One hundred years ago last Thursday, Edward Leffler, a former door-to-door salesman of pots and pans, revolutionised financial markets. His invention, the open-ended mutual fund, allowed retail customers to buy into a diversified portfolio of stocks and be confident that they would get a fair value when they wanted their money back.

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Janine Alexis Miguel - Vingroup to launch EV taxi service in PH - manilatimes.net - Philippines - Vietnam

Vingroup to launch EV taxi service in PH

VIETNAM's largest conglomerate is looking to launch eco-friendly taxi services in the Philippines this year, the Board of Investments (BoI) said on Monday.

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International - A quick look at the week ahead - philstar.com - Philippines - Usa - Indonesia - Australia - Sweden - Japan - Brazil - Britain - Taiwan - Nigeria - Mexico - Norway - Ghana - Switzerland - Hungary - Turkey - South Africa

A quick look at the week ahead

This is a holiday-shortened three-day trading week; on the PSE, the scheduled events start (and end) today with the Alternergy [ALTER 0.76 unch] ownership group’s shares coming out of mandatory lockup. Approximately 50% of ALTER’s 3.9 billion common shares will become active and available for trading this morning. In international markets, there aren’t really any big events scheduled either. The parade of central banks announcing interest rate decisions will continue, but this is more of the B-tier and C-tier markets that don’t have a big impact on global sentiment, like Ghana (today), Hungary (tomorrow), and Nigeria (tomorrow). That said, we’ll hear from Sweden and South Africa on Wednesday. It’s not like last week when we had Japan, Australia, Indonesia, USA, Brazil, Taiwan, Norway, Switzerland, Turkey, the UK, and Mexico announce.   

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Raphael Lotilla - El Niño - Patrick Miguel - DOE monitoring power situation amid El Niño - philstar.com - Philippines - city San Jose - city Manila, Philippines

DOE monitoring power situation amid El Niño

MANILA, Philippines — Following the Philippine Atmospheric, Geophysical and Astronomical Services Administration’s recent declaration that the warm and dry season has begun, the Department of Energy (DOE) said the country’s power situation is currently being monitored to ensure energy security.

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US sues Apple in wide-ranging iPhone monopoly case - philstar.com - Usa - Washington, Usa - city Washington

US sues Apple in wide-ranging iPhone monopoly case

WASHINGTON, United States — The US Department of Justice sued Apple on Thursday, accusing the tech giant of illegally maintaining a monopoly for its iPhone by stifling competition and imposing exorbitant costs on consumers.

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Michelle Lojo - Betterment of women's sports tackled in forum - philstar.com - Philippines - city Manila, Philippines

Betterment of women's sports tackled in forum

MANILA, Philippines – In celebration of Women's Month, Evident Integrated Marketing and PR hosted a forum called Equal Play: Accelerating Progress for Filipina Athletes, to discuss the progress of Filipina athletes in terms of representation and opportunities.

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Asia - Prime Video’s Kelly Day, Gaurav Gandhi Break Down Asia Growth Plans: ‘India’s Been an Incredible Success for Us’ - variety.com - Philippines - Indonesia - Malaysia - Singapore - Thailand - Japan - India - China

Prime Video’s Kelly Day, Gaurav Gandhi Break Down Asia Growth Plans: ‘India’s Been an Incredible Success for Us’

Naman Ramachandran Prime Video is bullish about the large, diverse and volatile Asian streaming market, driven by growth in India and Japan, the streamer’s top executives responsible for the region have said. The region’s online video component, excluding China, where international streamers cannot be present, is projected to grow at 9.2%, to reach $46 billion by 2028, according to a study from research and consultancy firm Media Partners Asia. The study valued the total video market in Japan at $32 billion, the second largest market in Asia after China.

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