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)
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
Violence against Women
Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
Prevention Week
Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
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