MMDA spray paints colorum buses

Reminiscent of Manila Mayor Alfredo Lim's spray painting of drug pushers' houses with red paint stating that a pusher lives inside, the The Metro Manila Development Authority has begun spray painting the word "colorum" on buses without proper franchises as it prepared to launch a fully automated system of dispatching buses in the metropolis. 

Unlike a long drawn out case of proving whether a person is a convicted drug pusher or not, Buses are clearly either registered or not registered properly to ply a bus route.  You can quickly come up with a document proving your bus company is duly registered.

San Miguel Brewery IPO Delayed

Yet another IPO to suck our market dry.  With San Miguel casting a laggard shadow compared to its bluechip brothers, I wonder how its spin off IPO would fare? If i were to hazard a guess, not too well.
San Miguel Brewery Inc. has postponed the date of its maiden listing to May 12 from April 22. The company did not give a reason for the postponement. San Miguel Brewery, the beer-making unit of food and beverage giant San Miguel Corp., made the announcement Friday in a statement to the Philippine Stock Exchange.

The company said its initial public offering will now run from April 28 to May 6.

The final offer price will be fixed on April 24. The shares will be offered at a price range of between P8.00 and P15.40 each.