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Definitive Information Statement
SECURITIES AND EXCHANGE COMMISSION SEC FORM 20-IS INFORMATION STATEMENT PURSUANT TO SECTION 20 OF THE SECURITIES REGULATION CODE 1. Check the appropriate box: [ ] Preliminary Information Statement [X] Definitive Information Statement 2. Name of Registrant as specified in its charter : PHILIPPINE NATIONAL BANK 3. Province, country or other jurisdiction of : Pasay City, Philippines incorporation or organization 4. SEC Identification Number : AS096-005555 5. BIR Tax Identification Number : 000-188-209 6. Address of principal office : PNB Financial Center President Diosdado Macapagal Blvd. Pasay City 1300 7. Registrant’s telephone number, including area : (632) 536-0540 code (Office of the Corporate Secretary) 8. Date of meeting : May 27, 2014 Time of meeting : 8:00 a.m. Place of meeting : Grand Ballroom, Upper Lobby Century Park Hotel 599 Pablo Ocampo, Sr. St. Malate, Manila 9. Approximate date on which the Information : May 6, 2014 Statement is first to be sent or given to security holders 10. Securities registered pursuant to Sections 8 and 12 of the Code or Sections 4 and 8 of the RSA (information on number of shares and amount of debt is applicable only to corporate Registrant): Title of Each Class Number of Shares of Common Stock Outstanding or Amount of Debt Outstanding COMMON SHARES 1,119,426,7641/ 11. Are any or all Registrant’s securities listed in a Stock Exchange? Yes [9] No [ ] If yes, disclose the name of such Stock : PHILIPPINE STOCK EXCHANGE/ Exchange and the class of securities listed therein COMMON STOCK 1/ This includes the 423,962,500 common shares (the “Shares”) issued to the stockholders of Allied Banking Corporation (ABC) relative to the merger of PNB and ABC as approved by the Securities and Exchange Commission (SEC) on January 17, 2013. -
06 Power and Politics in the Philippine Banking Industry.Pdf
• Power and Politics in the Philippine Banking Industry An Analysis of State-Oligarchy Relations· Paul D. Hutchcroft·· Neither Lucio TannorVicente Tan, two Filipino-Chinese businessmen, were particularly noteworthy in 1965, the year that Ferdinand Marcos first • became President. Lucio was busy setting upa small cigarette factory inIlocos, the home region of Marcos, while Vicente (no relation to Lucio) was building updiversified operations in insurance andrealestate, andbadjust acquired 10% interest in a minor bank. By 1986, the yearthat Marcos was deposed, Lucio Tanwas a notorious crony who had built a large financial and manufacturing conglomerate, based around a bank said to be 60% owned by Marcos himself. Vicente Tan, on the otherhand, had beenforced during the martial law years to signover ownership of two banks to associates of Herminio Disini, a golfing partner and crony of President Marcos's, in orderto end three years of imprisonment without trial. In the late 1980s, his business empire was so diminished as to be based in a • small apartment fronting Manila Bay. I The stories of the fate of these two men, I will argue, shed light on thenature oftherelationship between thePhilippine state anddominant economic interests. For each Lucio Tan, one can think of scores of other oligarchs and cronies, both Filipino and Filipino-Chinese, who have plundered the state for particularistic advantage--not only during the time of Marcos, but also in the pre-martial law period (1946-72) and in the Aquino years, since 1986. Vicente Tan is perhaps a more unusual figure, in certain respects, but his decline highlights both theenormous limitations ofwealth accumulation inthePhilippines • forthose lacking access tothepolitical machinery, andtheharsh punitive powers that Philippine state officials are occasionally capable of exacting on their enemies. -
The Socio-Cultural and Political Dimensions of the Economic Success of the Chinese in the Philippines*
Perspectives on China and the Chinese Through the Years: Perspectives on China Aand Retrospective the Chinese Collection, Through 1992-2013 the Years: A Retrospective Collection, 1992-2013 Chinese Studies Journal, vol. 13 | October 2020 | ISSN: 0117-1933 THE SOCIO-CULTURAL AND POLITICAL DIMENSIONS OF THE ECONOMIC SUCCESS OF THE CHINESE IN THE PHILIPPINES* Teresita Ang See Introduction From the barren hills of Fujian and Guangdong to the corporate boardrooms of Makati; from crude sweatshops to huge commercial complexes; from the barefoot vendors in tattered clothing to owners of state-of-the-art megamalls; from illiterate peasants to prominent professionals – the Chinese in the Philippines have indeed come a long, long way. Behind these triumphs, however, were the silent years of hardships and struggles; of blood, sweat, and tears that brought them to where they or at least where their children are today. While some of the poignant stories of the early immigrants have been documented, they are focused mostly on the success stories. What few people realize is that for every success story, there are more untold stories of failures and heartbreaks. They have remained _________________________ *First published in Ellen Huang Palanca, ed. China, Taiwan, and the Ethnic Chinese in the Philippine Economy, Chinese Studies, vol. 5. Quezon City: Philippine Association for Chinese Studies, 1995, pp. 93-106. 142 © 2020 Philippine Association for Chinese Studies The Socio-Cultural and Political Dimensions of the Economic Success of the Chinese in the Philippines undocumented because the Chinese will be that last to remember or record incidents where they lose face. While we dissect the role of the Chinese in the Philippine economy in academic forums, it would also be worthwhile to recall the many untold stories behind each economic success that is presented. -
Arianas %Riety;~ Micronesia's Leading Newspaper Since 1972 · ~ ~ La Fiesta Reports Guam
~--·. arianas %riety;~ Micronesia's Leading Newspaper Since 1972 · ~ ~ La Fiesta reports Guam. legislature .1,· 30% revenue drop I Mall tenants come and go, says GM By Jojo Dass with tenants closing down rented in 'land:mark win' Variety News Staff space for new ones to occupy. LA FIESTA San Roque, seen as "It's not permanent," he said By Jojo Santo Tomas legislation. Saipan 's premier shopping mall, though. Variety News Staff Charfauros played a tape he is experiencing a 30-percent rev- Aria, nevertheless, dismissed HAGATNA - In a ruling that received anonymously during ses i enue decline due to decreasing the possibility of closing down effectively kills a current Supe sion last week, causing a stir that t tourist arrivals, Toshiro Aria, its the five-year old retail estab- rior Court case regarding tapes of led to a civil case, a temporary ' general manager, said yesterday. lishment, saying management is telephone conversations played restraining order, over a dozen i "We are suffering from that "doing every effort" to survive. inside the legislature last week, subpoenas, and emergency appeal 1 (low tourist arrivals). Sales are This, he said, include making the Supreme Court of Guam to the Supreme Court. '. getting low. Thirty percent of the mall more enticing with ten- : granted a stay on Civil Case No. The Supreme Court has can : the .revenues decreased in the ants doing more services to sur- i 2211-98. celled all depositions and lifted past nine months," said Aria, in vive. "This is a landmark victory, and the restraining order which had an interview. -
Philippine Airlines, Inc
PAL Holdings, Inc. Sustainability Report 2020 Contents 26 -- Governance 27 Compliance with laws and 32 Data security regulations 33 Customer privacy Introduction 28 Effective, accountable, and transparent governance 03 The Chairman’s message 04 Executive summary 06 About the Company 34 -- Social 14 Company highlights 35 Health and safety 44 Employee training and development 50 Customer management 19 -- About this report 53 Employee hiring and benefits 20 Purpose, Reporting Standards, Scope and Coverage 20 PHI’s Material Topics 54 -- Environment 55 Resource Management 58 Ecosystem and biodiversity 58 Environmental impact 21 -- Economic 22 Direct economic value generated and distributed 25 Outlook 62 – Our people and values 63 Employee welfare and communication 64 Corporate social responsibilities The Chairman's Message To our Dear Stakeholders, The mission of sustainability gained special force in 2020 when PAL We transformed our services to incorporate New Normal Holdings Inc. faced the greatest challenge in its history, no less than safety protocols that protect our employees and passengers: the survival of the PAL Group, which includes Philippine Airlines full Personal Protective Equipment (PPE) for our crew; modified (PAL) and PAL express (PALex), and their transformation into viable meals, amenities, facilities and digital assets to promote airline businesses for a vastly changed aviation market. healthy travel practices; stronger cleaning and disinfection measures; and new testing centers that helped authorities Impact of a Global Pandemic reopen borders and allow safe increases in travel volumes. The worldwide spread of COVID-19 shut down aviation markets and crippled the economies of most nations. PAL and PALex were forced Public Service and Public Accolades to cancel flights, affecting millions of passengers, wiping out more Our efforts as a responsible flag carrier contributed greatly to than USD 2 Billion in revenues and placing extreme pressure on the Philippine repatriation drive, with PAL flying majority of the liquidity. -
February 19, 2011 February 15, 2014
februarY 15, 2014 hawaii filiPino ChroniCle 1 ♦ FEBRUARY 15,19, 20142011 ♦ OPINION HAWAII-FILIPINO NEWS LEGAL NOTES Driverless Cars? ConGen torres, maYor hints of Possible Yes, almost Just CalDwell leaD traDe ComPromise on arounD the Corner mission to the PhiliPPines immiGration PRESORTED HAWAII FILIPINO CHRONICLE STANDARD 94-356 WAIPAHU DEPOT RD., 2ND FLR. U.S. POSTAGE WAIPAHU, HI 96797 PAID HONOLULU, HI PERMIT NO. 9661 2 hawaii filiPino ChroniCle februarY 15, 2014 EDITORIALS FROM THE PUBLISHER or hopeless romantics, February Publisher & Executive Editor The Mega Rich as 14th is one of the most antici- Charlie Y. Sonido, M.D. pated days of the year. It’s a day Publisher & Managing Editor Role Models that’s set aside to celebrate the Chona A. Montesines-Sonido ill Gates and Warren Buffet are household names in powerful human emotion called Associate Editors F love. When you think about it, Dennis Galolo the U.S. The multi-billionaires are rich, powerful and we should be showing our love Edwin Quinabo influential. But how many of us know of the late to those closest to us every day and not just Corliss Lamont, a Harvard graduate born of Wall Contributing Editor on special occasions like Valentine’s. On that note, Happy Belinda Aquino, Ph.D. Street wealth who championed the causes of poor B Valentine’s Day to all of you! Creative Designer people his entire life? Or Maud Younger (1870- Our cover story for this issue—“The 10 Wealthiest People Junggoi Peralta 1936), who despite coming from a wealthy family in San Francisco, in the Philippines” according to Forbes Magazine, was written worked for five years as a waitress to learn about working class Photography by our Philippine correspondent Gregory Garcia. -
Securities and Exchange Commission Sec Form
SECURITIES AND EXCHANGE COMMISSION SEC FORM – ACGR CONSOLIDATED CHANGES IN THE ANNUAL CORPORATE GOVERNANCE REPORT FOR THE YEAR 2016 1. Report is Filed for the Year: 2016 2. Exact Name of Registrant as Specified in its Charter: PHILIPPINE NATIONAL BANK 3. PNB Financial Center 1300 President Diosdado Macapagal Boulevard Postal Code Pasay City, Metro Manila Address of Principal Office 4. SEC Identification Number : AS096-005555 5. (SEC Use Only) Industry Classification Code 6. BIR Tax Identification Number : 000-188-209 7. (632) 891-6040 to 70/ (632) 526-3131 to 70 Issuer’s Telephone number, including area code 8. Not Applicable Former name or former address, if changed from the last report 1 TABLE OF CONTENTS A. BOARD MATTERS …………………………………………………………………………………… …………………………………… ……………………………………… …………… ...... 4 1) BOARD OF DIRECTORS (a) Composition of the Board …………………………………………………………………………………………………………………………………………………………… 4 (b) Corporate Gov ernance Policy/ies ……………………………………………………………… ………………………… ………………………………….. ………………… 11 (c) Rev iew and Approval of Vision and Mission ………………………………………………… ……………………… ………………………………….. ………………… 12 (d) Directorship in Other Companies ……………………………………………………………… ………………………… ………………………………… .. ………………… 13 (e) Shareholding in the Company ………………………………………………………………… …………………………… ………………………………….. ………………… 13 2) CHAIRMAN AND CEO …………………………………………………………………………………………………………………..…………………………………..………………… 15 3) PLAN FOR SUCCESSION OF CEO/MANAGING DIRECTOR/PRESIDENT AND TOP KEY POSITIONS ………………………………………..………………… 15 4) OTHER EXECUTIVE, NON-EXECUTIVE -
Shadow Report on the Implementation of WHO Framework Convention on Tobacco Control in the Philippines (2011)
Shadow Report on the Implementation of WHO Framework Convention on Tobacco Control in the Philippines (2011) HealthJustice Table of Contents Executive Summary……...………………………………………….. 6 Tobacco Tax……………………………………………………..………. 8 Smoke Free Environments……………………………………… 15 Graphic Health Warnings………………………………..……… 20 Tobacco Industry Interference………………………………. 25 2 Abbreviations CSC Civil Service Commission CTGA Cagayan Tobacco Growers Association DILG Department of Interior and Local Government DOF Department of Finance DOH Department of Health FDA Food and Drug Administration FTC Fortune Tobacco Corporation IAC-T Inter-agency Committee-Tobacco ICESCR International Covenant on Economic, Social, and Cultural Rights JMC Joint Memorandum Circular LTFRB Land Transportation Franchising and Regulatory BoarD LEDAC Legislative-Executive Development Advisory Council LGUs Local Government Units MMDA Metro Manila Development Authority NTA National Tobacco Administration PATDA Philippine Aromatic Tobacco Development Association Inc. PMFTC Philip Morris Fortune Tobacco Corporation PMPMI Philip Morris Philippines Manufacturing Inc. PTGA Philippine Tobacco Growers Association PTI Philippine Tobacco Institute SEATCA Southeast Asia Tobacco Control Alliance SITT Southeast Asia Initiative on Tobacco Tax TAPS Tobacco Advertisement, Promotion, and Sponsorship TESDA Technical Education Skills Development Authority VAT Value-Added Tax WHO World Health Organization WHO FCTC World Health Organization Framework Convention on Tobacco Control 3 17.3 million adult smokers. i The Philippines Has one of tHe HigHest smoking prevalence in the worlD. th 9 highest in male adult smoking prevalence. ii It is estimateD that 47.7% of the Filipino male population smoke. iii th 16 highest in female aDult smoking prevalence. iv Tobacco companies continue to glamorize smoking to entice women anD tHe youtH to continue smoking. YoutH smoking increaseD by witHin a span of 4 40% v years. -
The Palea Struggle Against Outsourcing and Contractualization in the Airline Industry in the Philippines
Working Paper No. 52 July 2018 The Palea struggle against outsourcing and contractualization in the airline industry in the Philippines Ramon A. Certeza GLOBAL LABOUR UNIVERSITY The Global Labour University (GLU) www.global-labour-university.org is an international network of universities, trade unions, research institutes, think tanks and the International Labour Organisation that v develops and implements university post graduate programmes on labour and globalization for trade unionists and other labour experts; v undertakes joint research and organizes international discussion fora on global labour issues; v publishes textbooks, research and discussion papers on labour and globalization issues. Editorial Board Patrick Belser (International Labour Organisation) Hansjörg Herr (Berlin School of Economics and Law, Germany) Frank Hoffer (Action, Collaboration, Transformation) Seeraj Mohamed (University of the Witwatersrand, South Africa) Rafael Peels (International Labour Organisation) Archana Prasad (Jawaharlal Nehru University, India) Helen Schwenken (University of Osnabrück, Germany) Michael Watt (International Labour Organisation) Marcelo Weishaupt Proni (Universidade Estadual de Campinas, Brazil) Contact Address Hochschule für Wirtschaft und Recht Berlin IMB - Prof. Hansjörg Herr Badensche Str. 52 D-10825 Berlin E-mail: [email protected] http://www.global-labour-university.org Layout: Harald Kröck THE PALEA STRUGGLE AGAINST OUTSOURCING AND CONTRACTUALIZATION IN THE AIRLINE INDUSTRY IN THE PHILIPPINES Ramon A. Certeza This case study is part of the Global Labour University research project on the role of trade unions in curbing precarious informal employment. The project was implemented in 2014 and included 10 case studies from nine countries. The project’s integrative report "From ‘precarious informal employment’ to ‘protected employment’: The ‘positive transitioning effect’ of trade unions”, which is co-authored by Melisa R. -
Gambling on a Gambler: High Stakes for the Philippine Presidency
EAST-WEST CENTER WORKING PAPERS Politics and Security Series No. 4, November 2000 Gambling on a Gambler: High Stakes for the Philippine Presidency Gerard A. Finin WORKING PAPERS WORKING PAPERS The U.S. Congress established the East-West Center in 1960 to foster mutual understanding and coop- eration among the governments and peoples of the Asia-Pacific region, including the United States. Principal funding for the Center comes from the U.S. government, with additional support provided by private agencies, individuals, and corporations, and more than 20 Asian and Pacific governments. The Center promotes responsible development, long- term stability, and human dignity for all people in the region and helps prepare the United States for constructive involvement in Asia and the Pacific. For more information about the Center or to order publications, contact: Publication Sales Office East-West Center 1777 East-West Road Honolulu, Hawaii 96848 telephone: (808) 944-7145 facsimile: (808) 944-7376 EAST-WEST CENTER WORKING PAPERS Politics and Security Series No. 4, November 2000 Gambling on a Gambler: High Stakes for the Philippine Presidency Gerard A. Finin Gerard A. Finin is a Fellow at the East-West Center. He has conducted research in the Philippines over the past two decades and is currently participating in a project with the Ateneo de Zamboanga supported by the Ford Foundation that examines the rapidly evolving relationships between Pacific Islands and Asian states. Dr. Finin can be reached by telephone: (808) 944-7751 or email: [email protected]. East-West Center Working Papers: Politics and Security Series is an unreviewed an unedited prepublication series reporting on research in progress. -
The Political Economy of Public Administration Reforms in Southeast Asia
Political Science The Political Economy of Public Administration Reforms in Southeast Asia: A Comparative Analysis of the Tax Administration in Indonesia and the Philippines Dissertation for the degree of Doctor of Philosophy granted by the Department of Social Sciences Faculty of Economics and Social Sciences University of Hamburg submitted by Nina Korte Hamburg 2013 First Examiner: PD Dr. Andreas Ufen Second Examiner: Prof. Dr. Joachim Betz Place and Date of Defence: Hamburg, January 28 th , 2014 i Abstract Within the last decade, scholars and practitioners have increasingly discussed domestic resource mobilization as a development financing tool. Revenues from domestic sources are regarded as more stable than resources derived from world capital markets. Moreover, taxes are ascribed a positive impact on state building and good governance. In most developing and transition countries, so far, the tax ratio has been lower than the internationally advocated twenty percent of their gross domestic product. Within this context, research on taxation in developing countries has grown, and efforts to improve tax systems have proliferated globally. Strong interest and rhetoric on enhancing domestic resource mobilization however does not necessarily translate into more effective and efficient, equitable and impartial tax systems as previous experience has shown. The reasons accounting for low tax efforts and for the relative success and failure of tax reforms in many countries have remained under-researched. This has been particularly true for countries in Asia, Central Asia and the Middle East. This study contributes to this research gap by a comparative political economy analysis of the Indonesian and Philippine cases. The study focuses on the tax administration reforms of the years 2002 to 2010. -
News Monitoring 09 22 2019
DATE 09-22-19 DAY : Sunday m in tiNT MEM Strategic Communication and Initiative Service 6...ah 1-,111A1EGIC UPPER PAGe I BANNER EDITORIAL CARTOON ( I NIKON I CA l'ION Jv STORY STORY ...-.--4, 'Nil IAEIVI.S MS110.•••••"'“ PAGE LOWER 'LI IL VICE 41-02-tel iLlas13W-14.1-inigiel.11.1.1 2 2 TIRT 4,1,6 PAGE I/ DATE WO° itin- 2-Au/tiii- 20,000 join Manila Bay cleanup Cimatu said yesterday's event, By RHODINA VILLANUEVA dubbed the "Battle for Trash-Free Manila Bay," aims to sustain the mo- At least 20,000 people partici- mentum of restoring Manila Bay to pated in the cleanup of Manila its former glory. Bay yesterday as part of the ob- DENR cleanup sites were in Baran- servance of International Coastal gay 649 in Baseco, Manila, the coastal Cleanup (ICC) Day 2019. areas of Navotas Centennial Park, and the river systems of Tullahan- "More and more are now tak- linajeros and Marikina River, which ing part in the cleanup following drain into Manila Bay. the campaign we launched on Ma- Other cleanup sites were the nila Bay. Many have realized how Navotas Tanza Marine Tree Park; Las important it is to take care of our Pirias-Parariaque Critical Habitat and natural resources, that is why the Ecotourism Area; By the Bay Central huge number of participants," said Park in SM Mall of Asia and Gloria Undersecretary Benny Arttiporda of Mans at the Cultural Center of the the Department of Environment and Philippines complex, both in Pasay Natural Resources (DENR).