Paper chase: mysterious document is key to PLDT control

Article Abstract:

Pres Fidel Ramos's government and the Cojuangco family dispute ownership of the Philippine Long Distance Telephone Co (PLDT). The Cojuangcos base their claim on possession of a stock certificate giving them 46% of the Philippine Telecommunications Investment Corp which in turn controls 24% of PLDT. On Apr 15, 1993 the Cojuangcos sued for the 46% share. However, the government contends that former dictator Ferdinand Marcos gave the 46% stake to the Cojuangcos through a dummy corporation called Prime Holdings. Right or wrong, having the stock certificate may decide the case in the Cojuangcos' favor.

Cases, Cover Story, Long distance telephone services, Long-distance telephone service, Philippine Long Distance Telephone Co.

---

Riches from the deep

Article Abstract:

Philippine businessman Benson Dakay is taking advantage of the potential revenue from aquaculture by growing seaweeds and selling them to international buyers. Exports of Carrageenan, a powder made from seaweed extracts, doubled from 1992 figures to reach $120 million in 1996 and is expected to keep growing. The European Union's approval of carrageenan as a food additive is expected to increase revenue for the country's ten growers by opening for them the world's largest market.

Other Marine Fishing, Miscellaneous marine products, Seaweed & Algae, Economic aspects, International trade, International aspects, Practice, Aquaculture industry, Marine algae, Carrageenin, Carrageenan, Dakay, Benson

---

Similar abstracts:

• Abstracts: New challenges fuel meal developments. 'Mild El Nino, on the way. Feed rival for fishmeal: worms!
• Abstracts: Paper chase: promissory notes scandal resurfaces. Struggle or smuggle: Vietnam sees border contraband, Cambodia sees red
• Abstracts: Has your kid's birthday party gotten out of control? Why kids misbehave. Just say 'no' to the little brat
• Abstracts: Western fighter for CPD. A revitalised IDI promises more than products. Hampshire school takes Redland's roofing prize
• Abstracts: Masters in exile. Train the foreigner

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.