MANILA, Philippines – The Philippines is back on the radar of global investors even in the midst of a global financial crisis as net foreign buying in the local stock market almost doubled in the first half of the year compared with the same period in 2009.
According to the Philippine Stock Exchange (PSE), net foreign buying stood at P15.8 billion as against P8.3 billion a year ago. Net foreign buying is the difference between total foreign buying and total foreign selling.
As foreign buying went up, stock market activity also enjoyed brisk business as average daily turnover for the period January to June this year grew 31.25 percent to P4.2 billion from P3.2 billion.
Stock prices, as tracked by the benchmark PSEi, went up 14.7 percent as of Aug. 17. The main composite index recorded its highest level in more than two years since the crisis when it closed at 3,525.81 points on Aug. 10.
PSE president and chief executive officer Val Suarez said the favorable economic backdrop and the positive outlook of investors on emerging economies such as the Philippines present bright prospects for the stock market. –Zinnia B. Dela Peña (The Philippine Star)
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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