If the SEC and PSE are interested in making the inventory market more investor-orientated, their tracking teams can also want to give an explanation for the meaning of those entries inside the PORs. Why, for example, integrate “issued and not unusual” stocks as one POR access with the final range classified as “great not unusual stocks”? Is this isn't “double entry” of terms?

Thank you, Mr. Ongpin

Businessman Roberto V. Ongpin is the most effective predominant stockholder indexed in a POR filed on Jan. Sixteen with the aid of PhilWeb Corp. He owns 771.652 million commonplace stocks, or fifty three.Seventy six percentage of one.435 billion superb commonplace stocks, of which he directly owns 21.Eighty four million common shares.

In the equal POR, PhilWeb said PhilWeb Casino Corp. And Pure Corporate Investments Ltd. As direct stockholders with 260.392 million commonplace stocks, or 18.14 percentage and 12.845 million commonplace shares, or zero.Nine percent, respectively.

PhilWeb’s board consists of 11 administrators who, together, maintain 38.231 million common shares, or 2.67 percentage. Among them, Dennis O. Valdes, is the single largest stockholder with 23.757 million commonplace shares, or 1.66 percent.

As a listed company, PhilWeb attributed to the general public the ownership of 352.213 million commonplace stocks, or 24.54 percent.

Incidentally, Mr. Ongpin, who is PhilWeb’s majority stockholder however isn't always a member of the board, emailed me for a piece I wrote on Wednesday. He wrote:

“Just a word to congratulate you on an extraordinary article on your column these days entitled ‘Sin of omissions by using listed corporations.’

“Well completed!
“Bobby Ongpin”
Thank you, Mr. Ongpin, for consisting of Due Diligencer in studying The Manila Times.

Paper wealth

Businessman Alfredo C. Ramos multiplied the wide variety of common shares he owns in Anglo Philippine Holdings Corp. To forty nine,316,872 shares, shopping for additional shares at P1.10 each within the open marketplace. He sold one hundred,000 stocks on March 14; 51,000 shares on March 15, and 49,000 stocks on March sixteen. At the remaining price of P1.10 on Wednesday, his paper wealth multiplied to P54,248,592. As of March 15, Ernesto O. Ang is president and chairman of the board of Primex Corp. He at once and in a roundabout way owned 208,814,995 common stocks or 12.916 percent, and a hundred and seventy,133,335 not unusual stocks or 10.524 percentage, respectively, for a complete of 378,948,330 commonplace shares, or 23.Forty four percent. At the stock’s final rate of P4.39 on Wednesday, he is a billionaire with paper wealth of P1,633,583,168.

CPB feeds at the cacao bean pulp and the pod’s placenta inflicting malformed and undersized beans, as well as yellowing or untimely ripening of pods. CMB feeds on cacao pods and shoots, inflicting tissue decay that results in non-efficient cacao timber.

The venture surveyed cacao-growing regions in Quezon Province, and the Bicol and Davao regions wherein infestations of the pests had been formerly pronounced.

In addition toErythmelus sp., another viable parasitoid, this one targeting CPB, turned into stated in Davao del Sur, in which farmers noticed the pests had declined even though there were no insecticide spraying for a while. Barrion said, however, that the studies crew became yet to find samples of the parasitoid, as bananas have changed the cacao timber in the area.

While attempting to find that insect, but, researchers located another feasible parasitoid, known as Paraphylax sp., that appeared to target CPB in some regions round Davao, and are currently within the procedure of amassing it.
“We do now not forestall looking for the answer,” Barrion commented, expressing optimism that numerous more biological sellers could be observed.

For CMB, different viable natural enemies the DLSU crew has identified consist of an expansion of wasps and spiders like the lynx spider. Barrion stated researchers are presently raising cacao mirid insects for testing of natural enemies at the DLSU Science and Technology Complex in Santa Rosa, Laguna. LISTED companies record of their public ownership reports (POR) the “number of issued and exceptional common stocks,” together with the “quantity of treasury shares,” if any. By deducting the latter from the former, they come on the “quantity of superb common shares.”

Shouldn’t those corporations that indexed either all or just a few of their superb common stocks at the Philippine Stock Exchange (PSE) pop out simplest with “quantity of issued stocks” minus variety of treasury shares to come out with “the range of incredible stocks”?


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The reporting machine has a tendency to confuse in preference to tell the public of any change within the public possession in indexed agencies. It becomes even worse while the Securities and Exchange Commission (SEC) tolerates the exercise that has been going on for years.