Sime Darby Pilipinas revolt: board members are accused of mismanagement

Article Abstract:

Templeton Asset Management Ltd. head, Mark Mobius, is investigating allegations of mismanagement by majority members of Sime Darby Pilipinas Inc. which may jeopardize minority shareholder interest. Minority shareholders have filed a protest with the Philippine Securities and Exchange Commission for the board's decision to spend some $30.82 million in purchasing controlling interest in a sister company. Templeton, which owns a 5% stake in the firm, has vowed to prevent any such transaction to occur if the allegations are proved to be true.

Management, Conglomerate corporations, Demonstrations and protests, Minority stockholders, Sime Darby Pilipinas Inc.

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Stocks, not bonds, attract these pros

Article Abstract:

Barclays Global Investors Hong Kong Ltd. and Invesco Asia Ltd. are the top favorites in the stock market due to the companies' relative worth. Solid interest rates globally in the near term and strong earnings progress worldwide underscore the relative attraction of stock markets against the bond markets.

Securities, Barclays Global Investors N.A., Invesco Asia Ltd.

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Ayala's Internet prospects get analysts' nod

Article Abstract:

The article discusses analysts' opinions of Ayala Corp. and its plans to expand into New Economy businesses by capitalizing on its strength as a conglomerate. Analysts pointed out that such ventures may not allow the company to reap immediate financial gains.

Financial management, Philippines, Financial services industry, Finance, Financial services, Ayala Corp.

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