QC congressman proposes 10-hour four-day work week; Would you adopt this schedule?

FN:

On September 5, Quezon City congressman Winston Castelo proposed a 10-hour, four-day (10/4) work week for public and private sectors so that both workers and companies will spend less, Inquirer.net reports. The 10/4 schedule will also help workers get more personal time for themselves and their families.

Entitled Four-Day Work Week Act of 2011, Rep. Castelo says the bill will not change the number of working hours required in a week; instead, the schedule will just be rearranged. “There won’t be any reduction in the required 40 hours of work every week or any cutback in services or productivity,” he is quoted as saying.

This will save the government and private sectors at least P20 billion a week, he adds, with both workers and companies reaping financial benefits. For example, he says, a Metro Manila employee who spends P200 a day for expenses like transport and food can save P200 a week. Meanwhile, employers’ maintenance and production costs will also decrease.

Rep. Castelo is set to file the bill within the week. He mentions how the House of Representatives already adopts this sort of schedule with considerable savings for the government.

Female Network wants to know what you think. If the government approves a four-day work week, would you want to follow it or stick to the regular five-day work week? Take our poll!

UPDATE: Malacañang has expressed that this proposal is not being considered at this time. Presidential Communications Development and Strategic Planning Office head Ramon "Ricky" Carandang has said that "if there is some new compelling argument for it, then we will certainly look into it. But right now, we are not really looking into it."

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Information Courtesy of Female Network / Belle Yambao

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QC congressman proposes 10-hour four-day work week; Would you adopt this schedule?

FN:

On September 5, Quezon City congressman Winston Castelo proposed a 10-hour, four-day (10/4) work week for public and private sectors so that both workers and companies will spend less, Inquirer.net reports. The 10/4 schedule will also help workers get more personal time for themselves and their families.

Entitled Four-Day Work Week Act of 2011, Rep. Castelo says the bill will not change the number of working hours required in a week; instead, the schedule will just be rearranged. “There won’t be any reduction in the required 40 hours of work every week or any cutback in services or productivity,” he is quoted as saying.

This will save the government and private sectors at least P20 billion a week, he adds, with both workers and companies reaping financial benefits. For example, he says, a Metro Manila employee who spends P200 a day for expenses like transport and food can save P200 a week. Meanwhile, employers’ maintenance and production costs will also decrease.

Rep. Castelo is set to file the bill within the week. He mentions how the House of Representatives already adopts this sort of schedule with considerable savings for the government.

Female Network wants to know what you think. If the government approves a four-day work week, would you want to follow it or stick to the regular five-day work week? Take our poll!

UPDATE: Malacañang has expressed that this proposal is not being considered at this time. Presidential Communications Development and Strategic Planning Office head Ramon "Ricky" Carandang has said that "if there is some new compelling argument for it, then we will certainly look into it. But right now, we are not really looking into it."

CONTINUE READING FROM ORIGINAL [SOURCE] 
Information Courtesy of Female Network / Belle Yambao

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Philippine global competitiveness rating improves

PHIL STAR:

The country’s global competitiveness ranking posted its biggest improvement to 75 this year from last year’s 85.

In its Global Competitiveness Report, the Geneva-based World Economic Forum (WEF) ranked the Philippines 75th among 142 countries covered by its survey conducted from March to April. Last year, the Philippines was 85th among 139 countries covered.

The WEF released its report yesterday through the Makati Business Club, its local affiliate.

MBC executive director Peter Perfecto said the latest ranking represented the best improvement recorded by the Philippines since it joined the report in 1994.

“The ranking is in part due to the new government’s commitment to anti-corruption and level playing field,” Perfecto said.

“The macroeconomic situation of the Philippines is more positive: the country is up 14 places to 54th in the macroeconomic environment pillar, thanks to slightly lower public deficit and debt, an improved country credit rating, and inflation that remains under control,” the report read.

It also said the country “ranks a good 57th in the business sophistication category, thanks to a large quantity of local suppliers, the existence of numerous and well-developed clusters, and an increased presence of Filipino businesses in the higher segments of the value chain.”

It also said “the sheer size of the domestic market (36th) confers a notable competitive advantage.”

In particular, the Philippines showed improvements in its rankings in credit rating to 63 from 75; government debt management, to 89 from 102; interest rate spreads, to 50 from 75; and management of inflation, to 69 from 73.

Another key driver was in the area of market efficiency for goods. Other factors were the extent and effect of taxation, prevalence of foreign ownership, and local supplier quantity.

On technological readiness, the country has also shown marked improvement in foreign direct investment and technological transfer, Internet users and Internet bandwidth.

But the MBC noted that the Philippines ranks the worst among eight Southeast Asian countries covered by the survey in terms of institutions and labor market efficiency.

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Information Courtesy of Phil Star / Ma. Elisa Osorio

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Philippine global competitiveness rating improves

PHIL STAR:

The country’s global competitiveness ranking posted its biggest improvement to 75 this year from last year’s 85.

In its Global Competitiveness Report, the Geneva-based World Economic Forum (WEF) ranked the Philippines 75th among 142 countries covered by its survey conducted from March to April. Last year, the Philippines was 85th among 139 countries covered.

The WEF released its report yesterday through the Makati Business Club, its local affiliate.

MBC executive director Peter Perfecto said the latest ranking represented the best improvement recorded by the Philippines since it joined the report in 1994.

“The ranking is in part due to the new government’s commitment to anti-corruption and level playing field,” Perfecto said.

“The macroeconomic situation of the Philippines is more positive: the country is up 14 places to 54th in the macroeconomic environment pillar, thanks to slightly lower public deficit and debt, an improved country credit rating, and inflation that remains under control,” the report read.

It also said the country “ranks a good 57th in the business sophistication category, thanks to a large quantity of local suppliers, the existence of numerous and well-developed clusters, and an increased presence of Filipino businesses in the higher segments of the value chain.”

It also said “the sheer size of the domestic market (36th) confers a notable competitive advantage.”

In particular, the Philippines showed improvements in its rankings in credit rating to 63 from 75; government debt management, to 89 from 102; interest rate spreads, to 50 from 75; and management of inflation, to 69 from 73.

Another key driver was in the area of market efficiency for goods. Other factors were the extent and effect of taxation, prevalence of foreign ownership, and local supplier quantity.

On technological readiness, the country has also shown marked improvement in foreign direct investment and technological transfer, Internet users and Internet bandwidth.

But the MBC noted that the Philippines ranks the worst among eight Southeast Asian countries covered by the survey in terms of institutions and labor market efficiency.

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Information Courtesy of Phil Star / Ma. Elisa Osorio

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Rich PBA players to get richer; players' pay, team cap on salaries raised

MB:

A proposal by PBA Commissioner Angelico “Chito” Salud to increase the salary of players receiving the maximum monthly salary that was not taken up during last week’s PBA annual planning session in Hong Kong, will top the agenda of Thursday’s board meeting following a call by Alaska to adjust the salary cap.

Salud is expected to propose that the maximum be increased by 20 percent, raising salaries of players receiving P350,000 a month to P420,000.

A PBA player’s maximum salary used to be P500,000 but that was cut to today’s level 10 years ago after an economic slowdown affected most teams.

Should Salud’s proposal gain approval, the increase might take effect as soon as this coming 37th PBA season which opens October 3.

“That’s what we’ll propose to the board,” Salud said Wednesday.

But while the rich might get richer, players below the maximum will not get a similar across the board increase.

PBA owners fear that a similar increase for everyone might upset the team salary cap which is pegged at P36 million a year.

The planned increase for top players has gained the positive backing of new PBA chairman Mamerto Mondragon of Rain or Shine.

“I think it can be done since no team has reached the maximum (salary cap),” he said.

But he allowed that individual teams may decide to give increases to the whole lineup so long as they do not surpass the cap.

He said other players can renegotiate their contracts if they feel they deserved an increase.

A total of 15 players are receiving the maximum salary of P350,000.

These are LA Tenorio, Sonny Thoss, Tony dela Cruz and JR Reyes of Alaska, James Yap, Kerby Raymundo and Joe Devance of B-Meg, Asi Taulava and Reynel Hugnatan of Meralco, Kelly Williams and Ranidel de Ocampo of Talk ’N Text, Barangay Ginebra’s Mark Caguioa, Danny Seigle of Barako Bull, Gary David of Powerade, and Gabe Norwood of Rain or Shine.

Only two teams don’t have a player with maximum salary, newcomer Shopinas and surprisingly, recently-crowned Governors’ Cup champion Petron Blaze.

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Information Courtesy of MB / WAYLON GALVEZ

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Rich PBA players to get richer; players' pay, team cap on salaries raised

MB:

A proposal by PBA Commissioner Angelico “Chito” Salud to increase the salary of players receiving the maximum monthly salary that was not taken up during last week’s PBA annual planning session in Hong Kong, will top the agenda of Thursday’s board meeting following a call by Alaska to adjust the salary cap.

Salud is expected to propose that the maximum be increased by 20 percent, raising salaries of players receiving P350,000 a month to P420,000.

A PBA player’s maximum salary used to be P500,000 but that was cut to today’s level 10 years ago after an economic slowdown affected most teams.

Should Salud’s proposal gain approval, the increase might take effect as soon as this coming 37th PBA season which opens October 3.

“That’s what we’ll propose to the board,” Salud said Wednesday.

But while the rich might get richer, players below the maximum will not get a similar across the board increase.

PBA owners fear that a similar increase for everyone might upset the team salary cap which is pegged at P36 million a year.

The planned increase for top players has gained the positive backing of new PBA chairman Mamerto Mondragon of Rain or Shine.

“I think it can be done since no team has reached the maximum (salary cap),” he said.

But he allowed that individual teams may decide to give increases to the whole lineup so long as they do not surpass the cap.

He said other players can renegotiate their contracts if they feel they deserved an increase.

A total of 15 players are receiving the maximum salary of P350,000.

These are LA Tenorio, Sonny Thoss, Tony dela Cruz and JR Reyes of Alaska, James Yap, Kerby Raymundo and Joe Devance of B-Meg, Asi Taulava and Reynel Hugnatan of Meralco, Kelly Williams and Ranidel de Ocampo of Talk ’N Text, Barangay Ginebra’s Mark Caguioa, Danny Seigle of Barako Bull, Gary David of Powerade, and Gabe Norwood of Rain or Shine.

Only two teams don’t have a player with maximum salary, newcomer Shopinas and surprisingly, recently-crowned Governors’ Cup champion Petron Blaze.

CONTINUE READING FROM ORIGINAL [SOURCE] 
Information Courtesy of MB / WAYLON GALVEZ

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Facebook first-half revenue doubles to $1.6B

GMA NEWS:

Facebook’s first-half revenue roughly doubled to $1.6 billion, underscoring the world's largest social network's appeal to advertisers.

Net income in the first half of 2011 came to almost $500 million, according to a source, who wished to remain anonymous because privately-held Facebook does not disclose its results.

Facebook's strengthening results come as investors have pushed the company's valuation to roughly $80 billion in secondary markets, with many industry observers expecting the company to go public in 2012.

With more than 750 million users, Facebook has become one of the Web's most visited destinations by consumers who spend hours on the site every month sharing photos and videos, and conversing with friends.

Its popularity among consumers and advertisers has pressured entrenched Web companies such as Yahoo Inc., whose board of directors fired CEO Carol Bartz on Tuesday for failing to revive the company's fortunes.

But competition is heating up. Search leader Google launched a rival social network in June that attracted more than 10 million users in its first two weeks.

Facebook declined to comment on its financial results. – Reuters

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Information Courtesy of GMA News / Reuters

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Facebook first-half revenue doubles to $1.6B

GMA NEWS:

Facebook’s first-half revenue roughly doubled to $1.6 billion, underscoring the world's largest social network's appeal to advertisers.

Net income in the first half of 2011 came to almost $500 million, according to a source, who wished to remain anonymous because privately-held Facebook does not disclose its results.

Facebook's strengthening results come as investors have pushed the company's valuation to roughly $80 billion in secondary markets, with many industry observers expecting the company to go public in 2012.

With more than 750 million users, Facebook has become one of the Web's most visited destinations by consumers who spend hours on the site every month sharing photos and videos, and conversing with friends.

Its popularity among consumers and advertisers has pressured entrenched Web companies such as Yahoo Inc., whose board of directors fired CEO Carol Bartz on Tuesday for failing to revive the company's fortunes.

But competition is heating up. Search leader Google launched a rival social network in June that attracted more than 10 million users in its first two weeks.

Facebook declined to comment on its financial results. – Reuters

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Information Courtesy of GMA News / Reuters

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Stock Exchange Laggards: ABS-CBN (-40.5 percent) and GMA Holdings (-37.6 percent)

Photo: GMA7's Marian Rivera with Top Gainer SM Development

INQUIRER:

Corporate Philippines grew average core earnings by about 7.1 percent in the first semester compared with a year ago, with mining, utilities and property outperforming other sectors, a new research by investment house CLSA said.

In an assessment made by the CLSA research team led by analyst Alfred Dy as the recent reporting season of publicly listed companies ended, corporate earnings for the second quarter alone were estimated to have grown an average 18.6 percent year on year.

While mining, utilities and property were cited by the August 26 report as the sectors that “impressed the most,” cited as “laggards” were construction and building materials, media and power.

The interim results were in line with CLSA’s forecast of a growth of 6 percent in corporate Philippines’ core earnings per share (EPS) this year and 15.6 percent by 2012.

Excluding telecom companies, core EPS growth was projected at 6.8 percent for 2011 and 18.1 percent in 2012.

In the first six months, the research noted that the mining, utilities and property sectors stood out with their respective earnings growth levels of 126.4 percent, 40.7 percent and 30.1 percent.

The laggards for the quarter were still construction and building materials (-49.2 percent), media (-39.3 percent), and power (-5 percent).

In terms of specific companies, CLSA said the most impressive in the first semester in terms of earnings growth were Philex Mining (+233.6 percent), Nickel Asia (+148.9 percent), Phoenix Petroleum (+125.6 percent), Semirara Mining (+79.6 percent), and SM Development (+53.9 percent).

On the other hand, cited as the first-semester laggards given a decline in profit were Energy Development Corp. (-57.7 percent), Holcim (-49.7 percent), Belle Corp (-43.7 percent), First Gen (-38 percent) and GMA Holdings (-37.5 percent).

For the second quarter, CLSA said the most impressive in terms of earnings growth were: Philex (+330 percent), First Philippine Holdings (+119.8 percent), Metrobank (+89.5 percent), Phoenix Petroleum (+84 percent) and Megawide Construction (+83.8 percent).

CLSA noted that the second-quarter laggards given their respective earnings contraction were Holcim (-54.9 percent), Energy Development Corp. (-51.1 percent), ABS-CBN (-40.5 percent), GMA Holdings (-37.6 percent), Belle Corp. (-23 percent) and Cebu Air (-23 percent).

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Information Courtesy of Inquirer / Doris C. Dumlao

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Stock Exchange Laggards: ABS-CBN (-40.5 percent) and GMA Holdings (-37.6 percent)

Photo: GMA7's Marian Rivera with Top Gainer SM Development

INQUIRER:

Corporate Philippines grew average core earnings by about 7.1 percent in the first semester compared with a year ago, with mining, utilities and property outperforming other sectors, a new research by investment house CLSA said.

In an assessment made by the CLSA research team led by analyst Alfred Dy as the recent reporting season of publicly listed companies ended, corporate earnings for the second quarter alone were estimated to have grown an average 18.6 percent year on year.

While mining, utilities and property were cited by the August 26 report as the sectors that “impressed the most,” cited as “laggards” were construction and building materials, media and power.

The interim results were in line with CLSA’s forecast of a growth of 6 percent in corporate Philippines’ core earnings per share (EPS) this year and 15.6 percent by 2012.

Excluding telecom companies, core EPS growth was projected at 6.8 percent for 2011 and 18.1 percent in 2012.

In the first six months, the research noted that the mining, utilities and property sectors stood out with their respective earnings growth levels of 126.4 percent, 40.7 percent and 30.1 percent.

The laggards for the quarter were still construction and building materials (-49.2 percent), media (-39.3 percent), and power (-5 percent).

In terms of specific companies, CLSA said the most impressive in the first semester in terms of earnings growth were Philex Mining (+233.6 percent), Nickel Asia (+148.9 percent), Phoenix Petroleum (+125.6 percent), Semirara Mining (+79.6 percent), and SM Development (+53.9 percent).

On the other hand, cited as the first-semester laggards given a decline in profit were Energy Development Corp. (-57.7 percent), Holcim (-49.7 percent), Belle Corp (-43.7 percent), First Gen (-38 percent) and GMA Holdings (-37.5 percent).

For the second quarter, CLSA said the most impressive in terms of earnings growth were: Philex (+330 percent), First Philippine Holdings (+119.8 percent), Metrobank (+89.5 percent), Phoenix Petroleum (+84 percent) and Megawide Construction (+83.8 percent).

CLSA noted that the second-quarter laggards given their respective earnings contraction were Holcim (-54.9 percent), Energy Development Corp. (-51.1 percent), ABS-CBN (-40.5 percent), GMA Holdings (-37.6 percent), Belle Corp. (-23 percent) and Cebu Air (-23 percent).

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Information Courtesy of Inquirer / Doris C. Dumlao

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Pancake House buys Yellow Cab for P800 million

GMA NEWS:

Pancake House Inc. (PHI) approved Wednesday the memorandum of agreement covering its purchase, for P800 million, of all the 500,000 issued and outstanding shares of Yellow Cab Food Corporation, according to its disclosure to the Philippine Stock Exchange.

The deal expands the reach of Pancake House network with the addition of Yellow Cab’s 82 outlets, including 13 franchise branches. [See related story here.]

Pancake House’s board of directors also approved a note facility agreement with the Metropolitan Bank and Trust Company and First Metro Investment Corporation for the provision of credit facilities “on a clean basis" to cover the P800 million needed to close the purchase in 30 days.

Cecile Macaalay, PHI director for corporate planning and finance of Pancake House, said Yellow Cab has a “strategic fit into the basket of brands and products that the Pancake House Group has in its portfolio."

In that basket are Teriyaki Boy, 88 Just Asian, Le Coeur de France, The Chicken Rice Shop, and the Phi Culinary Arts and Food Services Institute, Inc.

Macaalay added that the new acquisition will boost PHI system sales to over the P4 billion mark.

Yellow Cab, according to its 2010 audited financial statements, had net sales of P1.32 billion, operating income of P296 million and net income of P31.62 million.

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Information Courtesy of GMA News / EARL VICTOR ROSERO

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Pancake House buys Yellow Cab for P800 million

GMA NEWS:

Pancake House Inc. (PHI) approved Wednesday the memorandum of agreement covering its purchase, for P800 million, of all the 500,000 issued and outstanding shares of Yellow Cab Food Corporation, according to its disclosure to the Philippine Stock Exchange.

The deal expands the reach of Pancake House network with the addition of Yellow Cab’s 82 outlets, including 13 franchise branches. [See related story here.]

Pancake House’s board of directors also approved a note facility agreement with the Metropolitan Bank and Trust Company and First Metro Investment Corporation for the provision of credit facilities “on a clean basis" to cover the P800 million needed to close the purchase in 30 days.

Cecile Macaalay, PHI director for corporate planning and finance of Pancake House, said Yellow Cab has a “strategic fit into the basket of brands and products that the Pancake House Group has in its portfolio."

In that basket are Teriyaki Boy, 88 Just Asian, Le Coeur de France, The Chicken Rice Shop, and the Phi Culinary Arts and Food Services Institute, Inc.

Macaalay added that the new acquisition will boost PHI system sales to over the P4 billion mark.

Yellow Cab, according to its 2010 audited financial statements, had net sales of P1.32 billion, operating income of P296 million and net income of P31.62 million.

CONTINUE READING FROM ORIGINAL [SOURCE] 
Information Courtesy of GMA News / EARL VICTOR ROSERO

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Jollibee to add 100 more outlets in China

GMA NEWS:

Jollibee Foods Corporation (JFC) chairman Tony Tan Caktiong revealed Wednesday his company's plan to expand operations in China next year by opening at least 100 new outlets, according to a report of state-run radio dzRB.

The tycoon, dzRB radio said, unveiled the JFC expansion program in China, where he is on the 270-strong business delegation of Filipino business leaders for the state visit of President Benigno Aquino III.

According to its latest quarterly financial report to the Philippine Stock Exchange, JFC has one Jollibee restaurant in Hongkong. In mainlaind China, JFC has 51 Hong Zhuang Yuan branches and 226 Yonghe King outlets.

JFC said its China business posted strong growth of 28 percent in the first six months of this year.

Last May, its subsidiary Jollibee Worldwide Pte. Ltd. (JWPL) signed a framework agreement with Viet Thai International Joint Stock Corp. to establish a platform to own and operate a portfolio of restaurants in Vietnam, Hong Kong, Macau and Southern China.

Viet Thai owns and operates Highlands Coffee, Hard Rock Café and other smaller food outlets in Vietnam. It also owns Hard Rock Café in Hong Kong.

Last April, JFC entered into an agreement with The Bank of Tokyo—Mitsubishi UFC Ltd. for P900 million in financing for capital expenditures and foreign acquisitions.

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Information Courtesy of GMA News / Amita O. Legaspi/ELR/JVP

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Jollibee to add 100 more outlets in China

GMA NEWS:

Jollibee Foods Corporation (JFC) chairman Tony Tan Caktiong revealed Wednesday his company's plan to expand operations in China next year by opening at least 100 new outlets, according to a report of state-run radio dzRB.

The tycoon, dzRB radio said, unveiled the JFC expansion program in China, where he is on the 270-strong business delegation of Filipino business leaders for the state visit of President Benigno Aquino III.

According to its latest quarterly financial report to the Philippine Stock Exchange, JFC has one Jollibee restaurant in Hongkong. In mainlaind China, JFC has 51 Hong Zhuang Yuan branches and 226 Yonghe King outlets.

JFC said its China business posted strong growth of 28 percent in the first six months of this year.

Last May, its subsidiary Jollibee Worldwide Pte. Ltd. (JWPL) signed a framework agreement with Viet Thai International Joint Stock Corp. to establish a platform to own and operate a portfolio of restaurants in Vietnam, Hong Kong, Macau and Southern China.

Viet Thai owns and operates Highlands Coffee, Hard Rock Café and other smaller food outlets in Vietnam. It also owns Hard Rock Café in Hong Kong.

Last April, JFC entered into an agreement with The Bank of Tokyo—Mitsubishi UFC Ltd. for P900 million in financing for capital expenditures and foreign acquisitions.

CONTINUE READING FROM ORIGINAL [SOURCE] 
Information Courtesy of GMA News / Amita O. Legaspi/ELR/JVP

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Stock Exchange: ABS-CBN removed from blue chip index

GMA NEWS:

The Philippine Stock Exchange (PSE) announced that five companies will be joining its roster of blue chip firms under the PSE index or PSEi effective September 12.

As a result of its latest review covering trading activity from July 2010 to June 2011, the PSE said the five new companies that will become part of PSEi are Belle Corp., Cebu Air Inc., San Miguel Corp., Semirara Mining Corp. and SM Development Corp.

These companies will replace ABS-CBN Corp., Filinvest Land Inc., First Philippine Holdings Corp., Lepanto Consolidated Mining Co. and Security Bank Corp..

The PSEi consists of the country’s 30 most traded, most liquid and well-capitalized listed firms.

“With the revisions in calculating our index, we hope to boost liquidity which is one of the stock market’s biggest challenges. The changes reflect our intention to adopt global best practices," Hans B. Sicat, PSE president and chief executive officer said.

The Exchange is effecting this September a change in the policy on calculating its main index, the PSEi. Revisions to the criteria for a company’s inclusion in the PSEi include, among others, a higher public float requirement of 12 percent from the previous 10 percent, and improved measurements in determining liquidity and market capitalization.

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Information Courtesy of GMA News

http://www.gmanews.tv/story/230511/business/five-companies-join-blue-chip-index

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Stock Exchange: ABS-CBN removed from blue chip index

GMA NEWS:

The Philippine Stock Exchange (PSE) announced that five companies will be joining its roster of blue chip firms under the PSE index or PSEi effective September 12.

As a result of its latest review covering trading activity from July 2010 to June 2011, the PSE said the five new companies that will become part of PSEi are Belle Corp., Cebu Air Inc., San Miguel Corp., Semirara Mining Corp. and SM Development Corp.

These companies will replace ABS-CBN Corp., Filinvest Land Inc., First Philippine Holdings Corp., Lepanto Consolidated Mining Co. and Security Bank Corp..

The PSEi consists of the country’s 30 most traded, most liquid and well-capitalized listed firms.

“With the revisions in calculating our index, we hope to boost liquidity which is one of the stock market’s biggest challenges. The changes reflect our intention to adopt global best practices," Hans B. Sicat, PSE president and chief executive officer said.

The Exchange is effecting this September a change in the policy on calculating its main index, the PSEi. Revisions to the criteria for a company’s inclusion in the PSEi include, among others, a higher public float requirement of 12 percent from the previous 10 percent, and improved measurements in determining liquidity and market capitalization.

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Information Courtesy of GMA News

http://www.gmanews.tv/story/230511/business/five-companies-join-blue-chip-index

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