Stocks

Economic suicide were the words used by PLDT chairman Manny Pangilinan to describe the impact of the Supreme Court (SC) ruling ordering the Securities and Exchange Commission (SEC) to use only common shares and exclude preferred shares in assessing the capital stock of a company. A financial meltdown will occur in the stock market if…

Investor accounts in the local bourse neared the half a million mark as it grew 4.8 percent to 498,838 last year from 476,194 accounts a year ago, according to a study conducted by the Philippine Stock Exchange (PSE).

The local bourse said yesterday it is changing the manner in which it keeps track of stock through the Philippine Stock Exchange index (PSEi), indices in six sectors and the all-shares index. The new bourse policy takes effect in September, according to PSE.

In our previous article, we talked about the race between nations to debase their respective currencies in order to spur domestic economic growth (see Currency War, Oct. 11, 2010). We have shown you how – as a result of these currency wars – the US dollar is losing its value. This has also precipitated a…