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The Philippine Stock Exchange, Inc.
#21
Ceasefire broken
The temporary truce between the Department of Finance and the Philippine Stock Exchange seems to be on the verge of collapse.
According to our sources, things came to a head during the latest meeting of the Capital Markets Development Council meeting, which Finance Secretary Cesar Purisima attended, with Internal Revenue Commissioner Kim Henares in tow.
The duo were there to “lay down the law,” so to speak, concerning the issue of taxation for listed companies, which have less than 10 percent of their stocks freely available for trading on the bourse.
Purisima’s logic? If you don’t have enough shares available for the public, you’re just taking advantage of the lower tax rate for listed firms and, as such, just cheating the government of taxes.
Not so, says the Philippine Stock Exchange. The PSE leadership contends that changing the long-established rules now will put the local equities market back into the dark ages, with no companies interested in selling shares to the public because of the harsh “free float” rule that Purisima wants imposed.
Both sides present compelling arguments, but there is clearly another element in play, the PSE side thinks. A few months ago—in the weeks approaching its annual board elections—the bourse leadership successfully fended what looked like an attempt by a government official to “install” his own man as PSE president (this candidate has since been appointed as head of a banking regulatory agency).
Some PSE people now think that that official—who is rumored to be a man who “never forgets”—is preparing for another round in the long-running “low intensity conflict” with the bourse.
During that recent CMDC meeting, the exchange between the DoF officials and the bourse side was becoming so testy that even mild-mannered PSE president Hans Sicat (easy to think you could bully him if you didn’t know him well) couldn’t contain himself and was starting to raise his voice as well.
Both sides have their own tricks and aces up their sleeves so this should be an interesting battle royale to watch.—Daxim L. Lucas

http://business.inquirer.net/24287/biz-b...es-tu-casa
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#22
Cirtek plans to hold IPO
By: Paolo G. Monteillo
Philippine Daily Inquirer
10:09 pm | Wednesday, October 12th, 2011

http://business.inquirer.net/24427/cirte...o-hold-ipo
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
Reply
#23
"Percentage" gain basura gap ups are sprouting all over again. Bumabalik na ba ulit cockiness ng participants? Thanks to IP at BHI, mukang mabubuhay nanaman ibang speculatives ng irrational exuberance. In fairness, blues like PX umaangat rin.
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#24
^^Hinatak ata ni PX ang index natin dahil dun sa tax perks.. hihi, let's just pray for good news to come this weekend.. Big Grin
~In all your ways, acknowledge God.

Initializing Bazura Mode...
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#25
I'm seeing a pattern today. Basura stocks gap up. Low volume.
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#26
Higher high lower low na kaya bawat dip ng market? O tuluy-tuloy na bagsak?
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#27
Putek walang kwenta pala ang value turnover ngayon. 1.5 billion php lang. Kaya pala natulog ang market.
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#28
just imagine kung afternoon trading na tayo next year at ganun pa din ang volume
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#29
PSE bullish


THE PHILIPPINE Stock Exchange (PSE) remains a viable investment destination in the region despite perceptions of difficulty in doing business here, a ranking official said late last week, pointing to opportunities in its its sectoral indices and ongoing measures to improve liquidity and corporate governance. “There are a lot of reasons to be bullish about in the PSE in the realm of emerging markets today,” PSE President and Chief Executive Officer Hans B. Sicat told BusinessWorld in a chance interview late last week. This was after the Philippines placed 136th out of 183 economies in the annual Doing Business ranking prepared by the World Bank. “I would argue it has always been at that level, but clearly, there’s still a lot of work to be done. As far as the PSE is concerned, we’re trying to do our own stuff to dispel the notion of those type of situations,” Mr. Sicat said.

http://www.bworldonline.com/content.php?...s&id=40444
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
Reply
#30
Posted on October 27, 2011 08:53:23 PM

PSE still eyeing 12% minimum public float

THE LOCAL bourse is still keen on hiking the minimum public float to 12% after already requiring listed firms to meet the 10% threshold by next month, a ranking official yesterday said.

http://www.bworldonline.com/content.php?...t&id=40672
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
Reply


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