Philippine stock market now down 22%
March 25, 2008
If you placed a million pesos in the Philippine stock market from the start of January 2008, you would have lost 9% in January alone. If you remained invested until today, that million pesos is now worth only P780,000 - a 22% loss.
That is based on the performance of the Philippine Stock Exchange index (PSEi), a basket of 30 listed common stocks representing the overall movement of market prices and the general state of the Philippine economy.
The PSEi on March 20 closed at 2,817.58, a 22.2% decline from its original value at the start of the year.
Taxation of UITF income
November 30, 2006
Q. Will a separate tax be imposed on my earnings once I redeem my Unit Investment Trust Funds (UITFs) participation?
A. No, as long as proper taxes have already been collected prior to the redemption of your UITF participation. That’s according to Senen Quizon, a tax manager at Punongbayan & Araullo, who wrote the article “Taxation of Unit Investment Trust Funds (UITFs)” published in Business World Philippines on August 2006.
