When a corporation wants to increase its capital stock, but its stockholders do not have the resources to pay for additional equity, stock dividends may be used instead to meet the subscription requirement.
Globalization has become a convenient excuse for developed countries to justify their intrusion in certain commercial activities of developing countries that, by law and tradition, are reserved to the latter’s citizens.
Paranoia or preemptive act? Either description may apply, depending on your politics, on the reported plan of First Philippine Holdings Corp., the power sector holding company of the Lopez family, to amend its bylaws to prevent hostile parties from getting onto its board of directors.
Last week, amid reports that 2009 would be a difficult year, I got an email from someone who wrote on behalf of a sector of our society that would otherwise have simply resigned themselves to their fate: inmates of the National Penitentiary.
It’s the day after Christmas. After all that revelry (and food) that many of us enjoyed Thursday and the past days, the last thing we want to read about are the financial problems that loom ahead.
