Maniolas

MANILA, Philippines – Wall St.’s trek to a fresh record high encouraged investors to accumulate local stocks yesterday. The Philippine Stock Exchange index recovered 0.61 percent or 41.47 points to close at 6,852.81, while the broader all shares index rose 0.74 percent or 30.35 points to 4,135.98. “Investors cheered an overnight advance in the US equities pushing the index to its highest level in a year – with the intra-day high falling a few points short of the June 10, 2013 close at 6,875.60,” said Justino B. Calaycay Jr., an analyst at Accord Capital Equities Corp. “The emotional pendulum swung back to positive after the Dow hit a fresh record reflecting a resurgence of confidence on the world’s largest economy,” Calaycay said. On Monday, Wall Street posted gains due to higher share prices of Internet and biotech companies. The Dow Jones industrial average added 0.68 percent or 112.13 points to 16,695.47, while the broader Standard & Poor’s 500 index gained 0.97 percent or 18.17 points to end at 1,896.65, allowing both indices to close at record highs. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The market optimism rubbed off on Asian stocks, which ignored escalating tensions in Ukraine. At home, all counters, save for financial firms that dropped 0.26 percent or 4.18 points to 1,613.53, were in the green. The advancers were led by mining and oil that rose 1.56 percent or 256.08 points to 16,659.40. Investor participation increased as value turnover reached P9.7 billion from P8.02 billion Read More …

MANILA, Philippines – The peso shed 10.5 centavos against the dollar on Tuesday, closing at 43.815 from the previous day’s 43.71. Total volume transacted at the Philippine Dealing System amounted to $704.4 million, lower than the $863.8 million posted on Monday. The peso opened Tuesday at 43.73.

Money has a price. Let’s say you won the gold medal for some prestigious competition, and your older brother offers you a cash reward. He asks you if you want to receive Php100,000 now, or Php100,000 next year. Many of you would choose to receive the Php100,000 now. This is because, first of all, you can spend the money now. Once you receive the Php100,000 now, you can use it immediately to settle debt, to buy necessities, or to shop for clothes and other things. For others, the Php100,000 can immediately be invested in the business or in a portfolio, and can thus earn profit. Still, other people may argue that if the older brother and you quarrel at some point in the future, he might change his mind and not give the money. Others with knowledge in economics will argue that money is subject to inflation, which means that money loses value over time. Whatever your reason is, it is important to acknowledge at this point that money has time value. This means that money now is more valuable than the same amount at some future time. However, there is no agreement to how much more valuable money now is compared to the same future amount. If instead of offering Php100,000 now or Php100,000 next year, your brother feels very generous and offers you Php200,000 next year, many of you might consider getting the amount in the future. However, if he only offers you Php100,001 next year instead of Read More …

THE NATIONAL Economic Development Authority (NEDA) claimed that freedom of information (FoI) can promote economic growth and suggested that it cover the private sector and the media.

Funds shifted to more advanced economies By Paolo G. MontecilloPhilippine Daily Inquirer 12:04 am | Tuesday, May 13th, 2014 The Philippines failed to attract as much investments last February as it did the same month last year as investors shied away from risky assets to focus more on advanced economies, which have started to recover from the 2008 global financial crisis. Data released by the Bangko Sentral ng Pilipinas (BSP) showed a steep decline in long-lasting foreign direct investments in February—a reversal from the slight increase posted the month before. The decline was a result of significant drops in new investments in the form of equity capital, and multinationals’ lending to their units in the Philippines. A total of $350 million in FDIs entered the country in February—75.3 percent lower year-on-year. This brought the cumulative figure to $1.37 billion—down 24.7 percent from the inflows seen in January and February 2013. Bulk of equity capital investments came from the United States, Japan, Singapore, Germany and Hong Kong. The funds made their way into the financial and insurance, real estate, transportation, manufacturing and mining sectors. Bucking the trend, reinvested earnings of multinationals rose by 11.3 percent during the month to reach $70 million, the BSP said. “Foreign investors opted to retain their earnings in local corporations on the back of favorable prospects for the Philippine economy,” the BSP statement read. BSP Deputy Governor Diwa C. Guinigundo last month described the first quarter of the year as “challenging times” for emerging markets, even Read More …