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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 148605 [Title] => PCD wants to phase out its depository counter service [Summary] => The Philippine Central Depository (PCD) wants to phase out its depository counter service and the Securities and Exchange Commission (SEC) in imposing strict counter-measures to reduce the risks that will result from such a move.
In a proposal to the SECs market regulation department, the PCD said the depository counter service is no longer necessary because brokers have stopped availing themselves of this service since the Philippine Stock Exchange (PSE) removed its guarantee on conversions.
[DatePublished] => 2002-01-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 98167 [Title] => SEC okays block sale of P1.3-B China Trust shares [Summary] => The Securities and Exchange Commission (SEC) has approved the block sale of China Trust Philippines shares worth over P1.3 billion to China Trust Commercial Bank Corp. of Taiwan.
The China Trust Philippines shares, representing 34 percent of the companys outstanding shares, have been priced at P19, the same price at which the remaining 66-percent shares will be bought by the buyer through a tender offer.
[DatePublished] => 2000-12-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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By Des Ferriols | January 28, 2002 - 12:00am
December 8, 2000 - 12:00am
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