Stocks

Hot money outflow triples in 10 months

Published by rudy Date posted on November 27, 2020

by Lawrence Agcaoili (The Philippine Star), 27 Nov 2020 MANILA, Philippines — The net outflow of speculative funds or hot money more than tripled to $3.94 billion from January to October compared to last year’s $1.22 billion despite the strong inflows in October, according to the Bangko Sentral ng Pilipinas (BSP).

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PSEi may rebound to 7,000 next year

Published by rudy Date posted on July 27, 2020

by Doris Dumlao-Abadilla, Philippine Daily Inquirer, 27 Jul 2020 Investors may have to wait until next year to see a recovery in the main stock index to 7,000 as economic fallout from the coronavirus (COVID19) pandemic casts doubt on the sustainability of the market’s recent rebound.

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‘Hot money’ leaves in March

Published by rudy Date posted on April 17, 2019

by Ian Nicolas Cigaral, (Philstar.com), Apr 17, 2019 MANILA, Philippines — More short-term portfolio investments exited than entered the Philippines in March, the Bangko Sentral ng Pilipinas reported Wednesday.

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Tempest in a teapot at the PSE

Published by rudy Date posted on April 22, 2018

BY BEN KRITZ, TMT, Manila Times, Apr 22, 2018 THE country’s benchmark Philippine Stock Exchange index (PSEi) has attracted more than its usual share of media attention of late for all the wrong reasons. Except for Venezuela, which is experiencing a self-inflicted economic disaster of almost ludicrous proportions, no other stock market index in the…

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Stock transactions now subject to higher tax

Published by rudy Date posted on January 1, 2018

by Doris Dumlao-Abadilla, Inquirer, Jan 1, 2017 A 20-percent increase in stock transaction tax (STT) takes effect at the Philippine Stock Exchange today in line with the recently-enacted Tax Reform for Acceleration and Inclusion law.

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Most Asean markets fall after Yellen comments; Philippines over 10 month low

Published by rudy Date posted on December 20, 2016

http://www.thestar.com.my/business/business-news/2016/12/20/most-asean-markets-fall-after-yellen-comments-philippines-over-10-month-low/ Dec 20, 2016 SINGAPORE: Most Southeast Asian stock markets fell on Tuesday after U.S. Federal Reserve Chair Janet Yellen gave an upbeat view of the jobs market, strengthening the rate hike outlook for next year.

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Philippine firms secure over $11B deals during China trip

Published by rudy Date posted on October 22, 2016

By Mary Grace Padin (The Philippine Star), October 22, 2016 BEIJING – The Philippines secured $11.24 billion worth of investments from Chinese companies involving 17 different projects as a testament to the warming economic relations between Manila and Beijing.

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Where the next crisis will come from

Published by rudy Date posted on October 20, 2016

Keep an eye on depressed lenders, shadow banks, and China. by Peter Coy, Bloomberg Businessweek, October 20, 2016 Next year ends in a 7. If you’re superstitious or a little loose with statistics, that makes us due for another financial crisis. The biggest one-day stock drop in Wall Street history happened in 1987. The Asian…

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Phl stocks falter on US rate hike woes

Published by rudy Date posted on March 12, 2015

MANILA, Philippines – Philippine stocks faltered yesterday as earlier fears about a sooner-than-expected US interest rate hike resurfaced.

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Philippine stocks go from first to worst as funds sell

Published by rudy Date posted on December 23, 2013

A 21-PERCENT slump in Philippine stocks that’s turned them from the world’s best performers into the biggest losers isn’t enough to lure back Macquarie Investment Management Ltd. and Bank Julius Baer & Co.

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The best house in a bad neighborhood

Published by rudy Date posted on September 2, 2013

Since May 22, when talks about “Fed tapering” arose, interest rates across the globe started to shoot up. Capital which freely flowed to emerging markets because of the Great Global Monetary Easing (see The Great Global Monetary Easing, Oct. 22, 2012) began to reverse course, causing a vicious correction in emerging market stocks, bonds and…

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BSP tracks massive outflow of SDA funds

Published by rudy Date posted on August 4, 2013

MANILA, Philippines – The central bank is monitoring where funds from special deposit accounts (SDA) are being diverted after a “massive” outflow as a result of lower returns and stricter placement rules, an official said.

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Combined earnings of listed firms up 23%

Published by rudy Date posted on June 26, 2013

MANILA, Philippines – Combined earnings of all locally-listed firms climbed in the first quarter on strong performance of the retail, banking and infrastructure sectors.

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Balisacan unperturbed by weak peso, stocks

Published by rudy Date posted on June 26, 2013

MANILA, Philippines – The country’s top economic manager said he remains unperturbed by the weakening of the peso and the local bourse, saying these barometers are going into a ‘dip’ cycle.

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Stocks in record dive, peso slumps; BSP scrambles to calm markets

Published by rudy Date posted on June 13, 2013

MANILA – (UPDATED 5:18 p.m.) For only the second time in his eight years at the helm of the Bangko Sentral ng Pilipinas, Governor Amando M. Tetangco Jr. came out to calm the financial markets on Thursday, as the peso slumped and the Philippine Stock Exchange posted its single largest decline since the global financial…

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RANDOM WALKER | It’s not yet the bottom of the stock market

Published by rudy Date posted on June 10, 2013

All ageing bull markets eventually will “climb a wall of worry.” As stock prices keep rising, investors start to be anxious about whether the market has risen too high, too fast, and they start itching to hit the panic button. Who could blame them? Since hitting a market bottom in September 2011, the market had…

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PSEi expected to top 7,000 this year

Published by rudy Date posted on February 20, 2013

THE BENCHMARK Philippine Stock Exchange index (PSEi) could top the 7,000 mark this year due to optimism over the country’s good economic fundamentals and market liquidity, officials of two brokerages said separately.

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The Philippine Stock Market (Part II)

Published by rudy Date posted on January 16, 2013

There are various explanations for the current stock market boom in the country. Certainly, the fundamental reasons are on account of better macroeconomic conditions. The country’s fiscal, monetary and balance of payments positions have improved and these developments have been sustained over a prolonged period.

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PHL stocks break 6,000 for first time on expectations of robust growth

Published by rudy Date posted on January 7, 2013

Breaking the 6,000 mark for the first time in the 86-year history of stock trading in the country, Philippine shares on Monday closed at a fresh record high on expectations of the continued robust growth of the economy.

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PHL stocks break 6,000 for first time on expectations of robust growth

Published by rudy Date posted on January 7, 2013

Breaking the 6,000 mark for the first time in the 86-year history of stock trading in the country, Philippine shares on Monday closed at a fresh record high on expectations of the continued robust growth of the economy. Traders noted that foreign investors were heavy buyers during the morning and afternoon sessions.

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PSE foreign buying surges to P90B

Published by rudy Date posted on August 23, 2012

PHILIPPINE stocks continue to draw strong foreign participation but even with the local bourse tracking a surge in foreign buying, numbers revealed that local investors remain the dominant force, Philippine Stock Exchange (PSE) President Hans Sicat said on Thursday.

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25 firms fall short of public float rule

Published by rudy Date posted on August 6, 2012

Twenty five companies are still unable to meet the minimum public ownership requirement of the Philippine Stock Exchange.

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Stock market index forecast to reach 5,400 pts by yearend

Published by rudy Date posted on January 9, 2012

MANILA, Philippines – Local stocks seem to be headed for choppy waters given the unraveling debt mess in Europe but the Aquino administration’s hardline efforts to pump-prime the economy will provide smooth sailing for investors that could take the market to the 5,400 range by yearend, leading online brokerage Citiseconline said.

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Yearender: Stocks crawl at slowest pace in 10 years

Published by rudy Date posted on January 1, 2012

MANILA, Philippines – The local stock market rose by a meager 4.07 percent last year, the slowest pace in 10 years, as natural calamities and financial turmoil took a toll on investor sentiment.

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SC, SEC differ on what constitutes ownership

Published by rudy Date posted on October 12, 2011

A difference in defining company ownership between the Securities and Exchange Commission (SEC) and the Supreme Court (SC) was bared yesterday as the culprit for the current trouble the Philippine Long Distance Telephone Co. (PLDT) is having on its shares structure that is being thought of violating the Constitution.

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Re: Pricing

Published by rudy Date posted on August 20, 2011

In the cold eyes of financial analysts, what appears as a meltdown in the markets is really a process of “re-pricing” stocks. What this means is that most investors — hedge funds or individual punters — anticipate a slowdown in global economic activity. That translates into less business and less profit. In turn, that means…

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PHL poised to gain from investor focus on emerging markets

Published by rudy Date posted on August 16, 2011

The local equities market stands to be a “net beneficiary” of global investors’ heightened interest in emerging markets like the Philippines, according to the Philippine Stock Exchange (PSE).

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Bourse reports 18% jump in profit for 1st half

Published by rudy Date posted on August 16, 2011

Despite the volatile market, the Philippine Stock Exchange (PSE) registered an 18 percent jump in net income for the first six months to P174.8 million, up 18 percent from P148.3 million in the same period last year.

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Philippine stocks ‘expensive,’ says Mobius

Published by rudy Date posted on July 26, 2011

AFTER scaling new heights in less than a year, Philippine stocks have become expensive, according to an expert on emerging markets.

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Bourse readopts extended trading

Published by rudy Date posted on July 15, 2011

The Philippine Stock Exchange (PSE) approved the extension of trading hours at the bourse to be implemented in two phases starting October explaining the move was timely as the global economy is improving while it is expected to improve liquidity at the Exchange.

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July 30 – World Day
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“One life trafficked, one too many!”

 

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!

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