Colliers International Acquires Leading Real Estate Management Services Firm in the Nordics

Addition of market leader Ovenia Group further strengthens Colliers’ property and asset management platform in EMEA TORONTO, Jan. 04, 2018 (GLOBE NEWSWIRE) — Colliers International Group Inc. (NASDAQ:CIGI) and (TSX:CIGI), a global leader in commercial real estate services, today announced the acquisition of Ovenia Group (“Ovenia” or the “Company”), Finland’s leading real estate management and […]

A man on a mission to transform generic pharmaceuticals: Alvogen CEO and founder, Robert Wessman, discusses the company’s growth

LONDON, Jan. 04, 2018 (GLOBE NEWSWIRE) — The pharmaceuticals industry is going through one of its most exciting periods yet. Generic pharmaceuticals have taken off, leading to much more innovation in the market and a wave of consolidation across the US. Keeping on top of all these changes is Robert Wessman, CEO and founder of […]

Compuware and SonarSource Unify Multi-Platform DevOps with Integrated COBOL Code Coverage Metrics

Mainframe-inclusive Continuous Code Quality Accelerates Digital Agility While De-Risking Generational Shift in Platform Stewardship To be digitally agile, enterprises must more quickly and frequently update their core mainframe systems—while also shifting stewardship of those applications from retiring COBOL veterans to IT staff with mainstream skills. Compuware has teamed with SonarSource to integrate accurate COBOL test coverage […]

Williams Scotsman Announces Acquisition of Tyson Onsite

BALTIMORE, Jan. 03, 2018 (GLOBE NEWSWIRE) — WillScot Corporation (NASDAQ:WSC) (“Williams Scotsman”) today announced that it has acquired Onsite Space LLC (d/b/a Tyson Onsite, www.TysonOnsite.com). As a result of the acquisition, Williams Scotsman will expand its Ready to Work services to existing and incremental customers in the Midwest, most notably in Indiana, Illinois and Missouri. […]

Palace: China Telecom covered by 60-40 ownership rule

MANILA � China Telecom has to comply with the Philippine Constitution’s provision, which limits foreign companies to 40 percent ownership, MalacaAang has stressed.

They have to partner with Filipino companies with the existing franchise because otherwise, they have to go to Congress for another franchise, Presidential spokesperson Harry Roque said in a press conference Wednesday.

Roque said the Department of Information and Communication Technology (DICT) has already made it clear that a Filipino consortium should own 60 percent of the third major telecommunication firm in the Philippines.

During his bilateral meeting with Chinese Premier Li Keqiang last November in Manila, President Rodrigo Duterte offered to China the chance to operate the third major telecommunications company in the Philippines.

Last month, the Chinese government has announced that it chose China Telecom, the country’s largest telecommunication company, to become the Philippines’ major third telecom firm.

Roque said the Duterte administration honors the President’s offer to China.

If for any reason, this (60-40 foreign ownership rule) is not acceptable to China Telecom, then we’ll have to look for other player or country, Roque said.

He clarified that at present, there is no indication that China Telecom would not push through with the project.

The 1987 Philippine Constitution provides that Filipinos must own majority or 60 percent of a company while limiting foreign ownership to 40 percent.

Although he is aware that most Chinese companies are always comfortable with 100-percent ownership, Roque said, I do not know if it applies to China Telecom.

At present, Philippine Long Distance Telephone (PLDT) and Globe Telecom dominate the Philippine mobile industry.

Under Duterte administration, China-Philippines relations have made a complete turnaround, boosting the two countries’ cooperation in the fields of trade, agriculture, education, science and technology, and people-to-people exchanges.

Source: Philippine News Agency