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+ Follow retirement fund Tag
retirement fund
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1968208
                    [Title] => “Should I do my own stock-picking?” and other questions from a reader
                    [Summary] => Hi Ms. Rose! I read your FQ Book again, and recruited friends to buy your books and they did! I’m happy to report that my FQ Score has improved!
                    [DatePublished] => 2019-11-13 00:00:00
                    [ColumnID] => 135337
                    [Focus] => 1
                    [AuthorID] => 1720995
                    [AuthorName] => Rose Fres Fausto
                    [SectionName] => Health And Family
                    [SectionUrl] => health-and-family
                    [URL] => https://media.philstar.com/photos/2019/11/12/fq-cover_2019-11-12_17-53-57_thumbnail.jpg
                )

            [1] => Array
                (
                    [ArticleID] => 24810
                    [Title] => SM sells entire stake in San Miguel for P27.15B
                    [Summary] => 
            

SM Investments Corp. (SMIC), the investment holding firm of retail tycoon Henry Sy, has sold its entire 11-percent stake in food and beverage giant San Miguel Corp. for P27.15 billion or P80 per share.

[DatePublished] => 2007-11-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 304692 [Title] => PSE seeks financial adviser for sale of shares under SRC [Summary] => The Philippine Stock Exchange (PSE) is scouting for a financial adviser to help it determine the best option to comply with the 20-percent industry ownership limitation requirement under the Securities Regulation Code (SRC).

PSE president Francis Lim said the move was in response to a letter sent by the Securities and Exchange Commission, reminding the exchange to comply with the ownership limitation rule. Under the SRC, no single industry should own more than 20 percent of the exchange’s total outstanding capital stock.
[DatePublished] => 2005-11-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 258272 [Title] => GSIS free to sell its PSE shares [Summary] => With the Government Service Insurance System (GSIS) declaring its intention to pull out its investment in the local bourse, the Philippine Stock Exchange (PSE) said private investor groups are free to sell their shares the exchange.

PSE officer-in-charge Peter Favila told reporters yesterday that the exchange "is in no position to prevent anyone from selling their shares" in the bourse. He said the PSE board, though, would still decide on GSIS’ plan in the next regular board meeting on July 28.
[DatePublished] => 2004-07-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 247400 [Title] => SM Group eyes bigger stake in San Miguel [Summary] => The SM Group of tycoon Henry Sy Sr. is looking at increasing its stake in food and beverage giant San Miguel Corp.

SM Prime Holdings Inc. executive vice president Henry Sy Jr. said his family, which acquired a 6.2-percent stake in SMC in 2002, is open to raising its shareholdings in Southeast Asia’s largest food and beverage conglomerate should there be an opportunity. "SMC is a good company. If there’s an opportunity, we will see," Sy said.
[DatePublished] => 2004-04-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 244452 [Title] => PSE in talks with local, foreign investors for sale of 40% equity [Summary] => The Philippine Stock Exchange (PSE) is in talks with a number of foreign and local investor groups for the purchase of the remaining 40- percent equity it needs to dispose off to fully comply with the shareholder ownership limitation rule under the Securities Regulation Code.

Securities and Exchange Commission (SEC) chairman Lilia R. Bautista said the PSE is holding negotiations with one local investor and two foreign investor groups whom she refused to identify. "I was informed that the PSE is currently in talks with these potential buyers," she said.
[DatePublished] => 2004-03-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 239681 [Title] => PSE completes sale of 40% equity to private investors [Summary] => The Philippine Stock Exchange (PSE) completed yesterday the private placement of its shares to institutional investors with the sale of an additional 812,095 primary shares for P97.04 million.

The shares account for the remaining 3.6 percent of the PSE common shares sold to institutional investors pursuant to the underwriting agreement signed between the exchange and its financial advisor ATR-Kim Eng Capital Partners Inc. The shares were sold at P119.50 per share, a substantial discount from the current price of P150.
[DatePublished] => 2004-02-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 238819 [Title] => SEC wants brokers’ stake in bourse limited to 20% [Summary] => The Securities and Exchange Commission (SEC) wants the Philippine Stock Exchange (PSE) to sell more shares to further bring down brokers’ shareholdings in the local bourse to only 20 percent, in compliance with the ownership limitation requirement under the Securities Regulation Code.

SEC chairperson Lilia R. Bautista said while the PSE has already divested almost 40 percent of its shares, there is still a need for the exchange to sell another 40 percent to comply with the securities law.
[DatePublished] => 2004-02-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 99195 [Title] => RP to draw from IMF facility in June [Summary] =>

The government will draw from $200 million to $300 million from the International Monetary Fund (IMF) by next month to boost its gross international reserves (GIR), Finance Secretary Jose T. Pardo said yesterday.

"We will ask for a drawdown," Pardo said.

The Philippine negotiating team is scheduled to meet with an IMF team on June 19. [DatePublished] => 2000-05-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1197311 [AuthorName] => by Jun Ebias [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 100467 [Title] => Gov't won't announce floor price for PNB shares [Summary] =>

The government will not announce a floor price for the 76 percent stake in Philippine National Bank that will be sold on or before May 15 this year.

Instead, Finance Secretary Jose T. Pardo said the government will "seal" the floor price and give it to a three-man committee that will be tasked to conduct the bidding and open the sealed bids.

Pardo said the P160 per share that taipan Lucio Tan wants is not automatically the floor price that government will set for the bidding. [DatePublished] => 2000-04-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097285 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )

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