IDC, IC, SM

1. Italpinas Development Corporation chairman Romolo Nati has sold two million of his shares in the company.

Notes: He has around 65 million shares. 2M shares are small but...Looks like everybody is taking profit...selling shares....stock rights offering...feels like there should be a corrections soon.

2. Insurance Commission announced that Traffic Accident Investigation Reports by traffic officers or MMDA enforcers deployed by local government units, which have been duly certified by the Land Transportation Office will now be officially accepted as a valid document for motor insurance claims after accidents in public highways in Metro Manila, Metro Cebu, and Metro Davao.

Notes: No need to wait Police to arrive for police report.

3. The SM Group, through All First Equity Holdings, will acquire 100% of Philippine Geothermal Production Co. (PGPI). PGPI owns the Tiwi and Makiling-Banahaw steam fields in southern Luzon and supplies steam to power plants with a combined capacity of 692 megawatts.