Philippine forum on PSE stocks, listed companies
June 10, 2009
The PinoyMoneyTalk (PMT) forum has opened a new folder exclusive for the discussion of individual stocks of listed firms traded in the Philippine Stock Exchange (PSE).
Members can now share news and updates about each PSE-traded company and discuss their forecast and opinion on the future prices of these stocks.
Here’s the link to the forum discussing PSE-listed firms: PSE Stocks Discussion
Online stockbrokers in the Philippines
June 9, 2009
If you’ve already finished the first parts of our Stock Trading tutorial, you probably know by now the different types of securities being traded, how profits in the stock market are made, how much is needed to start trading, and what types of stock orders you can make.
The next step now is to choose a stockbroker.
Longer PSE trading hours
June 9, 2009
The Philippine Stock Exchange (PSE) was to extend trading hours for two more hours starting June 30, 2009 but due to delays in the implementation of the new trading system and recent volatility in the financial markets, this plan has been shelved to October 2009, or probably even later.
The Dante Tan – BW Resources scandal
April 15, 2009
There’s an interesting subplot brewing in the investigation of the murder of public relations man Salvador “Bubby” Dacer and his driver Emmanuel Corbito.
The Dacer-Corbito double murder case, according to the Department of Justice, may be linked to Dante Tan and the Best World (BW) Resources stock scandal that almost put the Philippine stock market into collapse in 1999.
Who is Dante Tan and what is this BW Resources controversy? Read on.
Good time now to invest in stock market again?
April 14, 2009
The Business Mirror reported yesterday that the Philippine Stock Exchange was the best performing stock market in Southeast Asia during the 1st quarter of 2009.
From January to March 2009, the 30-company Philippine Stock Exchange index (PSEi) surged 6.05% — a remarkable performance considering the current worldwide economic recession and the losses in other Asian markets.
Compare the Philippine stock market’s performance below with the other Southeast Asian counterparts.
Philippine tax on cash dividends
March 26, 2009
Yesterday I received an email from BPI Trade concerning taxes to be withheld on the cash dividends declared by PLDT or Philippine Long Distance Telephone Company (PSE Code: TEL).
Apparently, owners of TEL shares who are eligible for the dividends must prove that they are Filipino citizens or resident aliens of the Philippines, otherwise, the dividends will be charged a higher rate.
Where to get annual reports of companies
March 12, 2009
In the past week, I received three emails from students asking where they can get annual reports of Philippine companies. It seems like they are required to pass a copy of an annual report for one of their Management subjects.
So where exactly can you get a company’s annual report?
Global stock markets down 30-40%
October 12, 2008
Almost everyone knows by now that the US economic crunch is hurting stock markets worldwide. Huge losses are currently the trend and stock prices everywhere are plummeting.
How big are these declines, you ask? Check out the table below which summarizes the year-to-date losses of major global stock markets as of October 8 this year.
Facts about the Philippine Stock Exchange (PSE)
September 9, 2008
Back in March this year, our class visited the trading floor of the Philippine Stock Exchange in Ortigas. Earlier today, we went to the “other” PSE office — the one in Ayala Avenue, Makati.
Tours of the PSE are for free but must be scheduled weeks ahead. Normally, PSE tours are held in the Ortigas floor but thanks to connections (ehem!), we were able to set foot in the PSE Makati floor.
The Makati trading floor is located in the PSE Plaza inside the Ayala Tower One building in Makati. It is where Pres. Gloria Macapagal-Arroyo and other dignitaries visit to ring the trading bell and is also the location of some segments of ABS-CBN News Channel’s business news program Mornings @ ANC.
Below are pictures of the PSE Makati trading floor. Just like in the PSE Ortigas trading floor, there are no shouting or commotion among brokers unlike in the trading floors of the New York Stock Exchange.
Less than half a million Filipinos invest in stock market
June 25, 2008
A recent survey conducted by the Philippine Stock Exchange (PSE) showed that very few Filipinos participate in the stock market.
According to the survey, there were only 430,681 accounts being maintained for Filipino investors by PSE trading participants in 2007 – representing not even 1/2 of 1% of the 89 million population of the Philippines.
Of the total, only 103,412 or just a little over 1/10 of 1% of the population were considered active or involved in at least one trade in a year.
