The Philippine Stock Exchange and The Philippine Peso/Foreign Currency Exchange

[hakz2007]

PHL shares rally Friday on positive U.S. employment data

MANILA, Philippines (Xinhua) — The positive employment data in the U.S. sent the Philippine stock market rallying to a new record high on Friday.

The bellwether Philippine Stock Exchange index jumped by 2.39 percent or 114.14 points to 4,880.71, while the broader all-share index gained 1.59 percent or 51.46 points to 3,284.31.

Read more

[anakngpasig]

the stock rally these past few months ay parang isang panaginip na ayaw ko nang magising pa

[manila2020]

Now at the 4,900 level!! Can't wait to hit 5,000!!

[[nightfury]]

Philippine stocks soar to all-time high for second day in a row

VICTOR D. SOLLORANO, GMA News February 20, 2012 5:12pm

Philippine stocks soared to all-time high levels for the second successive trading day Monday, buoyed by positive sentiment over first quarter earnings and a new €230-billion bailout package for Greece.

The main PSE index rose by 63.13 or 1.29 percent to finish at an all-time high 4,943.84, the second trading day in a row since Friday that the PSEi touched all-time high territory.

More than 13.352 billion shares valued at P10.576 billion changed hands during Monday’s morning and afternoon sessions.

Advancers led decliners 105 to 63, while 41 issues closed unchanged.

The bailout package for Greece and the positive sentiment among investors toward first quarter earnings of Philippine companies are giving the market a boost, said Freya Natividad, head of research at F. Yap Securities Inc.

Markets across Asia got an added boost from China’s move over the weekend to lower the reserve requirement ratio.

“Asian shares rose Monday, driven by a Chinese move at the weekend to loosen lending and hopes that debt-ridden Greece's bailout will at last be finalized,” according to a report by Agence France-Presse.

“The across-the-board rises came after China's central bank said Saturday it would cut commercial banks' reserve requirement ratio by 0.50 percentage points to ease restrictions on lending and boost its slowing economic growth,” the report added.

However, Natividad said the Philippines was the first to enforce a new round of monetary easing when the Bangko Sentral on Jan. 19 lowered the policy rates by 25 basis points and reduced the reserve requirement ratio to 18 percent from 21 percent starting April 6, 2012.

The move created additional liquidity that is already factored in by the market, F. Yap’s Natividad noted.

Investors were also watching a Eurozone finance ministers meeting due in Brussels later Monday to try to close a new €230-billion ($300 billion) bailout package for Greece and avert a chaotic default, according to Agence France-Presse.

After several false starts during weeks of difficult negotiations, the ministers will seek to approve terms on an exchange of bonds held by private investors, the launch of which is penciled in for Wednesday, the French news agency noted.

The move is designed to write off €100 billion of Greek sovereign debt, and would see eurozone governments inject another €130 billion in sweeteners for Greek banks, guarantees covering the weeks-long legal bond-swap window and eventual cash loans to the government in Athens, it added.

"Greece headline risks remain, but today's Eurogroup meeting should clear uncertainty about the implementation of the second bailout package," Agence France-Presse reported, citing a note from Credit Agricole.

“If the momentum is sustained” by Tuesday, the market will try to break the 5,000 resistance area, Natividad noted.

What may break the momentum is the President’s Day, a Federal holiday in the United States, with some institutional fund managers going on leave, Natividad added.

President’s Day, which used to fall on American President George Washington’s birthday on Feb. 22, is celebrated every third Monday of February. — With Agence France-Presse/GMA News

http://www.gmanetwork.com/news/story...d-day-in-a-row

[CarltonHill]

wow. ang bilis! February pa lang magpa-5,000 na..

[manila2020]

We need more IPOs!! The stocks are becoming expensive!! 2012 will be another great year for the PSE! =)

[xyriellewest]

SE Asia Stocks-Gain, Philippine shares at all-time high

By Viparat Jantraprap


* Commodities lead gains in region
* S'pore property shares up on China

BANGKOK, Feb 20 (Reuters) - Philippine shares climbed 1.3 percent to their all-time highs, and other Southeast Asian stock markets posted modest gains on Monday, helped by selective buying in blue chip firms as commodities-related shares gained along with high oil prices.

Across the region, investor appetite for riskier assets was boosted by a surprise policy easing by China and expectations that Greece would secure a second bailout deal.

MSCI's broadest index of Asia Pacific shares outside Japan was trading up 0.68 percent by 0944 GMT while the MSCI index for Southeast Asia, made up of selected stocks, was up 0.9 percent.

Singapore's Straits Times Index ended up 0.7 percent and Malaysia's main index was 0.2 percent higher.

Vietnam's Ho Chi Minh Stock Exchange index gained 2.7 percent, with foreigners buying $3.98 million worth of shares amid hope that the country's macro outlook was getting better with inflation and interest rates easing.

SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
Singapore 3021.19 3000.59 +0.69
Kuala Lumpur 1560.57 1557.15 +0.22
Bangkok 1135.92 1129.93 +0.53
Jakarta 3980.25 3976.54 +0.09
Manila 4943.84 4880.71 +1.29
Ho Chi Minh 413.98 403.30 +2.65
Change on year
Market Current End prev yr Pct Move
Singapore 3021.19 2646.35 +14.16
Kuala Lumpur 1560.57 1530.73 +1.95
Bangkok 1135.92 1025.32 +10.79
Jakarta 3980.25 3821.99 +4.14
Manila 4943.84 4371.96 +13.08
Ho Chi Minh 413.98 351.55 +17.76
Stock Market Volume (shares)
Market Current Volume Average Volume 30 days
Singapore 276,374,100 396,300,220
Kuala Lumpur 114,114,900 130,299,440
Bangkok 4,117,930 4,087,885
Jakarta 2,483,719,500 3,470,272,650
Manila 161,540 123,006
Ho Chi Minh 48,955 39,327

Continue reading here...

[afterlife00]

[Parchie]

Stocks down on profit-taking
Philippine Daily Inquirer
1:06 am | Wednesday, February 22nd, 2012

MANILA, Philippines—The local stocks index on Tuesday pulled back from a new record high but stayed afloat the 4,900 mark while investors reassessed recent gains.

The Philippine Stock Exchange shed 42.9 points, or 0.87 percent, to finish at 4,900.94 as investors pocketed gains from blue chips while some shifted to second-liner stocks.

All counters closed in the red except for the holding firm sub-index. On the other hand, the property and mining/oil took the brunt of the day’s downturn, respectively declining by 2.76 percent and 2.1 percent.

Profit-taking pressures for the day were likewise precipitated by a sluggish regional sentiment. Investors fretted more about pricey equities instead of being elated by a fresh $172-billion second bailout deal for Greece.

[hakz2007]

The Obverse & Reverse side of the 1985 Marcos - Fernandez 500 piso. Image courtesy of Christopher Gibbs of http://pinoynotes.hostoi.com/

In late 1985, the 500-peso Marcos bill was slated for production. However, when a snap election was scheduled, the circulation of the newly printed bills was put on hold in deference to the law against electioneering as Marcos. After the success of People’s Power in February 1986 and the instatement of Aquino as President, she soon ordered the redesign of the 500 bill to honour her husband. http://wp.me/p1EEAx-bu

source

[sun-tex]

mas maganda pa ang 500 peso bill pag si marcos kesa sa idiot/suicidal lazy looking NINOY

[metrosuburban]

Philippines was at the peak of recession (-10% gdp) and economic collapse in 1985. The peso was heavily devalued and government has been busy negotiating with IMF on how to repay billions of debt after declaring a moratorium. So many labor strikes, companies that went bankrupt, skyhigh interest rates, hyperinflation.. Ang gulo ng taon na yan before 1986.

[Ady001]

And now, we're a creditor nation!

[anakngpasig]

okay na sana si Marcos nung simula eh. but like anyone who has worn the "One Ring", one becomes corrupted. Power almost always corrupts anyone who wears it.

[Maxxclip]

according to Aung San Suu Kyi, it is not power that corrupts but fear. Fear of losing power corrupts those who wield it and fear of the scourge of power corrupts those who are subject to it.

do you agree with her? do you think she's right?

[Parchie]

Originally Posted by Maxxclip

according to Aung San Suu Kyi, it is not power that corrupts but fear. Fear of losing power corrupts those who wield it and fear of the scourge of power corrupts those who are subject to it.

do you agree with her? do you think she's right?

Depending on where you're at, everything you observed as true, will hold true to you as far where you were looking at. Aung San Su Kyi is viewing at it from a point of being in power already for quite some time and getting used to being powerful. Once you have adjusted to that lifestyle, you'll wish you'll never let go of it. You become aware of the surrounding, on what things could possibly take this nice life you have and fear for those possibilities that will take these nice things away. Pretty predictable human behavior!

The other poster is looking at it the first time one tastes how grand it is to be powerful! A sort of extrapolating into the future what other things one can possibly do with these powers vested in him/her. That's the idea corrupting the mind of a newbie that is just beginning to like the feeling of being powerful.

But, anyone can shoot his idea of the causality/ies on the corruption of the human mind as they see it. I digress.

[wolfdgreat]

Originally Posted by Maxxclip

according to Aung San Suu Kyi, it is not power that corrupts but fear. Fear of losing power corrupts those who wield it and fear of the scourge of power corrupts those who are subject to it.

do you agree with her? do you think she's right?

Make sense

[Maxxclip]

Originally Posted by Parchie

That's the idea corrupting the mind of a newbie that is just beginning to like the feeling of being powerful.

Mmm... so the IDEA of being powerful OR the FEELING of being powerful corrupts those who are subject to it...

[Parchie]

Originally Posted by Maxxclip

Mmm... so the IDEA of being powerful OR the FEELING of being powerful corrupts those who are subject to it...

I think this discussion is still within the bounds of this thread as corruption could have a negative impact on the country's economy, so I'll answer that:

Either you've gone used to it and fear losing what you've been accustomed to (as Ms. Aung San Su Kyi clearly sees) causing the person to do wrong moves to maintain things as they have been. Or, as @anakpasig would want to imply, the temptation of acquiring greater benefits as experienced during earlier fruits in the exercise of power; a sort of addiction to it, going beyond what is moral or ethical - hence corrupted.

Thomas Hobbes explains it well in his definitions of "desires" and "aversions". Ms. Su Kyi could have been leaning on the "aversion" or fear of losing power, while @anakpasig, on the "desire" to go beyond what is allowed. It all boils down to how an individual's self-satisfaction level is and the ingrained morality that limits a person's actuation as to how far he/she is willing to abuse the power given to him/her.

[Parchie]

Originally Posted by lyrd18

I agree but fear can be for positive or negative, how?
if you fear God more than anything else then all will be for the good how?
if fear creeps in before you commit sin and stop you from committing it then your spared of the consequences right?
Let me add another one GREED.=) Because love for power(money comes with it) is the source of all evil, there are 5 devil's advocate that can always lead us to commit sin, 2 of them is fear and greed. Like in the beginning the serpent also use that to ADam and eve, greed to be like God and to know everything, he remove the fear of death and replace it with a lie, that they will really not die.
We see greed lead to corrupt, fear of the Lord could have spared Adam.

Shalom! everyone

Yep, as mentioned earlier, the degree of one's desire to do corrupt things/ or how far you are willing to do bad things out of your fear of losing power depends on the person's self-satisfaction and how deep a morality you have.