Another bidding war is supposedly in the making between the two groups allegedly responsible for the 275% increase in the price of Meralco (MER) during the last 7 months.
The latest battlefront: Philex Mining Corporation (Stock Code: PX).
Manila Bulletin photo: "Coffin of Gloria Arroyo"
Joining ABS-CBN’s booboo on the death of President Gloria Macapagal-Arroyo, err… former President Cory Aquino, the Manila Bulletin also had a similar mistake in its supplement issue released yesterday, August 6.
The caption on the photo published in the Manila Bulletin says:
With Utmost Care. Military honor guard carefully moves the coffin of President Arroyo out of the Manila cathedral.
The newspaper photo below.
One lesson we should learn from Cory
In the last several days, the media has constantly harped on the notion that the death of former Pres. Corazon “Cory” Aquino is something that unified the country.
Wrote the Philippine Daily Inquirer in its editorial on August 2:
Unity is a rare thing in our country; we have it now; and adding to the feelings of grief is the wistful realization that it took the passing of Cory to reunite a divided nation.
If there is one lesson we can learn from Cory Aquino, it is that this country needs to be united once more.
ABS-CBN blunder: GMA died… oops, we meant Cory!
Here’s one news reporting mistake probably some Filipinos wished were true.
In an article published on ABS-CBNNews.com, reference was incorrectly made to “Arroyo (Pres. Gloria Macapagal Arroyo)’s passing” instead of former Pres. Corazon “Cory” Aquino’s.
Meralco officials sell MER stocks, cash in P14.8 million
As stock traders and investors go gaga over the staggering price increase of the stock of Meralco (Stock Code: MER), several officials of the power distribution company are locking in profits by selling their shares, disclosure reports to the Philippine Stock Exchange (PSE) show.
In July alone, more than 65,000 shares were disposed by eight Meralco officers, with total value amounting to P14.8 million. Although each executive had varying amounts of proceeds, on the average, each one of them got around P1.8 million.
A list of Meralco officers and the number and value of the shares they sold in July are as follows.
Meralco (MER) stock surges 275% due to Ang-MVP bidding war
If you’re currently following the Philippine stock market, you’re most probably aware of the continuous surge in the price of Meralco (Stock Code: MER).
The stock of the power utility company was one of the Philippine Stock Exchange (PSE)’s biggest gainers during the first half of 2009.
As of July 31, it was up by a staggering 275% from its P58.00 price in January. In the month of July alone, the stock more than doubled in value, closing at an all-time high of P295.00 in July 29.
The Crab Mentality of the Filipino people
Imagine a pot of live crabs being cooked in boiling water. Fighting for survival, all of them would surely try to escape. One crab could no doubt climb its way out of the pot. But this is not easy, because the other crabs beneath him would not let him escape. They will pull him down, thinking “If I can’t escape here, then you cannot too.” A few minutes later, all of them will be dead.
Such is the curse of the crab mentality.
OFWs and immigrants are stupid and failures?
A controversial thread currently creating commotion in the PMT Forum asks: Are Overseas Filipino Workers (OFWs) and immigrants stupid and failures?