Here’s a summary of the Dividend Yield and Dividend Payments made Ayala Land Inc (ALI) in recent years. For the entire year 2017, the company distributed … Read More
At present, the Philippine Stock Exchange (PSE) has trading floors both in Ayala, Makati and in Ortigas, Pasig City. This is about to change soon.
But first, more info about these two stock exchange locations. The Makati trading floor is located at the PSE Plaza inside Ayala Tower One building. It is where Presidents of the Philippines visit to ring the trading bell and is also the location of some segments of ABS-CBN News Channel’s (ANC) morning show Mornings @ ANC.
For most of us, it’s a given that the Catholic Church is rich. Obvious proof of that are their sprawling acres of land, large Church-owned structures and buildings, and millions of pesos of cash collected from mass goers every week.
What a lot of people do not know, though, is that part of the Church’s wealth is its multi-billion peso investments in several Philippine companies. In fact, reports submitted to the Philippine Stock Exchange (PSE) show that the Church and affiliate Catholic groups are top stockholders in companies such as the Bank of the Philippine Islands (BPI), Philex Mining Corporation (PX), San Miguel Corporation (SMC), Ayala Corporation (AC), and Phinma Corporation (PHN), among others.
Philippine Church invested in banks, mining, construction, etc.
The Roman Catholic Archbishop of Manila, for example, owns more than 300 million shares of BPI and is the bank’s 4th largest owner.
How much are these shares worth? As of May 2011, this is valued at more than P17 billion. Yes, that’s seventeen billion pesos, with a B.
Just before the Holy Week holiday, we went to the Tektite Tower in Ortigas to have a tour of the Philippine Stock Exchange (PSE).
It surely was exciting to actually visit one of the country’s stock trading floors but, at the same time, disappointing because we did not see a lot of “action.”
The mutiny aka rebellion aka standoff at Ayala, Makati on November 29 led by Senator Antonio Trillanes IV drew mixed reactions from various groups in the Philippines. One side praised Trillanes and the Magdalo Group for their courage and determination in fighting for what they believe is right. The other criticized their method and was worried about the negative impact it has on the country.
In the PinoyMoneyTalk forum, a number of members voiced opposition against the commotion, albeit a few concurred with what Trillanes did. Here are a few of these comments culled from the discussion thread Trillanes, Lim, walkout from trial, call for GMA ouster; standoff in Makati.
