Do distressed firms need receivership?

By Chito Junia

RECEIVERSHIP is a most dreaded word in the corporate world. 

Considered as a remedy of last resort for financially troubled companies, receivership would mean partially or entirely giving up management and control of the remaining assets of a distressed company.

To some extent, it means turning over the company lock, stock and barrel literally and figuratively to a receivership committee or a duly appointed juridical person purportedly to protect the security interests of its creditors and investors.

As it is, there is very low success rate in the rehabilitation of companies under receiverships under the old…

Read more: Do distressed firms need receivership?

Why the Market Doesn’t Care About Terror Attacks

AN ENTIRE provincial city is taken over by an ISIS faction, England suffers two blatant attacks on its population, here is significant information that laptops will be used to blow up a plane, and the world stocks run stable.  How can this be? Bill Stone, chief investment strategist at PNC Asset Management Group, states the negative impact usually “fades within ten days of an incident.” 

There is also a significant difference in the impact if it is a hard or soft target. I hate to define this, but soft target hits are moments when only people are hurt or…

Read more: Why the Market Doesn’t Care About Terror Attacks

May inflation rate eases

SLOWER inflation rates last May is good news for the Philippines’ economy, according to the National Economic and Development Authority (NEDA).

The Philippine Statistics Authority (PSA), an attached agency of the NEDA, reported that headline inflation eased to 3.1 percent in May 2017 from 3.4 percent in the previous month.

This is lower than market expectations of 3.3 percent, and is within government’s target of 2.0-4.0 percent for 2017. Slower price adjustments in both food and non-food commodities contributed to slower inflation in May 2017.

Inflation for the food and non-alcoholic beverages subgroup eased to…

Read more: May inflation rate eases

Port users score ICTSI over ‘excessive’ fees

By Chito Junia

PORT users at the Manila International Container Port (MICP), the country's premier port operated by International Container Terminal Services, Inc. (ICTSI), have condemned the recent imposition of additional terminal appointment booking system (TABS) related penalties describing them as excessive and unnecessary.

Felix Pica, a licensed customs broker, said the new fees are making life for port users at MICP even more miserable noting that the operator imposed the fees even as a case they have filed against ICTSI and Asian Terminals Inc, (ATI) and the Philippine Ports Authority (PPA) over the legality of TABS is yet to…

Read more: Port users score ICTSI over ‘excessive’ fees

TRANSPORTATION Secretary Art Tugade has declared that the government’s infrastructure projects will proceed as scheduled despite the looming threats of terrorism especially in the southern regions of the country.

Tugade issued the statement during the groundbreaking ceremony of the LRT-2 Masinag East Extension Project recently noting that the government’s Build, Build, Build initiatives are geared towards attaining economic growth.

The extension project aims to construct the Emerald station in Cainta, Rizal, and the Masinag station in Antipolo City, which once completed can accommodate 80,000 more passengers a day. 

This developed as Tugade also sought the cooperation and patience of the public during the construction, as the project would result to inconvenience and explained that the move is necessary to solve the perennial traffic jams in the area.

“Panandaliang hirap pero ang kapalit ay pangmatagalang ginhawa,” Tugade stated. (Maria Sanigan)

Read more: Govt to continue with ‘build mode’ strategy

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