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+ Follow SECURITIES AND EXCHANGE COMMMISSION Tag
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 213604 [Title] => PSE mulls delisting of dormant firms [Summary] => The Philippine Stock Exchange is looking at delisting shares of dormant companies to ensure the quality of stocks listed at the exchange and to curb backdoor listings.
Backdoor listing is a faster alternative to the traditional route of going public due to the exorbitant costs of staging an initial public offering. Under this scheme, inactive listed firms are being acquired by businessmen to evade the stringent requirements of going public.
[DatePublished] => 2003-07-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
SECURITIES AND EXCHANGE COMMMISSION
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 213604 [Title] => PSE mulls delisting of dormant firms [Summary] => The Philippine Stock Exchange is looking at delisting shares of dormant companies to ensure the quality of stocks listed at the exchange and to curb backdoor listings.
Backdoor listing is a faster alternative to the traditional route of going public due to the exorbitant costs of staging an initial public offering. Under this scheme, inactive listed firms are being acquired by businessmen to evade the stringent requirements of going public.
[DatePublished] => 2003-07-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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By Zinnia B. Dela Peña | July 14, 2003 - 12:00am
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President Ferdinand Marcos Jr. on Monday signed a new law that streamlines tax incentives for businesses in the Philippines, including the taxation of companies in special economic zones.
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During the conference, Finance Secretary Ralph Recto emphasized the importance of a business environment that supports consistent progress.
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