Max’s Group

ing common shares? If it had, indeed, excluded its treasury shares from the number of outstanding common shares, then it wouldn’t have reported 1.087 billion common

shares as outstanding.

Instead of P1.087 billion common shares, Max’s Group should have reported only 780.204 million outstanding common shares as the public ownership report (POR) showed.

Another poser for the public investors would be how Max’s Group credited them with 266.148 million common shares, which it

is listening and mindful of its citizens’ requests,” Lopez claimed.

He also said that the government was continuing to address development challenges by improving basic and technological infrastructure through the Philippine Inclusive Innovation Industrial Strategy or i3S and by strengthening institutions and governance.

The private sector, meanwhile said it was also optimistic that the country’s ranking would improve next year.

“We are confident that the rankings of the Philippines will recover and reach higher levels,” NCC Co- chairman Guillermo Luz said.

“Looking ahead, our challenge is to maintain high investments in public infrastructure as well as technology, innovation, and education. Those will be the key factors for success in the future,” he added.