RP Investor Confidence in Q2 2010 Surges to Highest Rating in Two Years – ING

July 25, 2010 By dragon 9 Comments

ING Investor Dashboard Sentiment Index for the Philippines reaches 157 in Q2 2010, buoyed by strong remittance trends and transition to new administration

Key Highlights of the Quarterly ING Investor Dashboard Survey

 Read more... (2161 words, 1 image, estimated 8:39 mins reading time)

  • The Philippine index is in the optimistic zone for the fourth consecutive quarter, hitting an all-time high of 157 in Q2 2010 from 139 in Q1 2010
  • The Philippines ranks as the second strongest driver of Pan-Asia (ex-Japan) sentiment and registered the greatest degree of positive change in overall investor sentiment
  • Most Asia markets (ex-Japan) are more pessimistic in Q2 2010 than Q1 2010 in terms of local property price. The Philippines is an exception, with the greatest increase in optimism towards property prices.
Filed Under: Stock Market & Finance Tagged With: , , , , ,

Forbes 40 Richest Men in the Philippines 2010 list

July 11, 2010 By dragon 10 Comments
TWENTY billion dollars is how much a large USbank had to return to the government after receiving bailout. It is how much a giant oil company will pay victims of the recent oil spill. It is also the total net worth of the 40 richest people from the Philippines.In its 2010 list, Forbes Asia Magazine showed the Philippines 40 richest individuals’ total net worth rose a hefty 39% to $22.8 billion from last year’s $16.4 billion.

The Philippines ’ upbeat economy and its 17% uptick in the stock market both contributed to the growth in wealth of the country’s 40 richest, a recent Manila Bulletin report stated, quoting Forbes Asia Magazine.  Read more... (1128 words, 2 images, estimated 4:31 mins reading time)

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How to cut and make your own microsim for Ipad and Iphone 4

June 26, 2010 By dragon 6 Comments

For now, only Globe Telecoms here in the Philippines offer microsim.  Other telco carrier users who own Ipads or Iphone 4 may be dismayed as these new gadgets can only contain microsim, which is a similar sim technology, only smaller in size.

How to make your own iPhone 4 or iPad Micro SIM. This question from almost every iPhone 4 and iPad user has been answered. German website MacTechNews showed photos of the exact measurement to cut an ordinary SIM into a Micro SIM for the iPad.

It turns out that an iPad Micro SIM works on the iPhone 4 and vice versa. The iPhone 4 Micro SIM, however, works as data-only SIM on the iPad according to users who discussed the topic in Mac news forum threads.  Read more... (440 words, 6 images, estimated 1:46 mins reading time)

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Richest Philippine Politicians

June 18, 2010 By dragon 1 Comment

Las Piñas Rep. Cynthia Villar, wife of losing Presidential Candidate Manny Villar, retains the richest lawmaker status in the House of Representatives, just as her husband who is the wealthiest senator in the country. Villar’s net worth as of Dec. 31, 2009, stood at P947.883 million, down from P1.046 billion in 2008.

The four Arroyos in the House are also among the most well-off among their peers since they are included in the top 30 richest among the 270 members of the House, according to the records of their assets, liabilities and net worth they submitted to the chamber.

The second-richest lawmaker is Leyte Rep. Ferdinand Martin Romualdez, who has P477.263 million in assets and no liabilities. In 2008, his net worth stood at P477.205 million.  Read more... (621 words, 1 image, estimated 2:29 mins reading time)

Filed Under: Stock Market & Finance Tagged With: , , , , , , , , , , , , ,

DMN June 1

June 1, 2010 By dragon 1 Comment

PSEi          3,266.62         DOWN    6.11
value php     2,715,945,810.00

Wall street Holiday Monday, Memorial Day

The cat is away, and supposedly the mouse can play, but “cat futures” pointed .5% lower, dampening any positive hopefulness for Asia, despite Europe closing flat last night.

Only a handful of index stocks gained: AGI 5.8 TEL BDO CHIB ICT, while losers were led by MBT EDC SM FPH MEG RLC.

MEG kept falling and falling to 1.20 on 89m nfs mostly by broker 333 Warburg, maybe due to more rights at 1 peso being selllable come June 14.

There was some brief interest in DGTL that took it to 1.46 but some 18m nfs pared the gains down to 1.40.  Read more... (222 words, estimated 53 secs reading time)

Filed Under: daily market notes Tagged With: , , , , , , , , , ,

Philippine budget deficit outlook for 2010: shortfall not too bad?

January 1, 2010 By dragon 4 Comments

 

In ABS-CBN's recent article, they reveal that each Filipino now owes P47,039 to local and foreign creditors, based on the national government's total debt stock as of September.

A month before that, each of the 92.2 million Filipinos owed P45,889. 

The culprit: the widening budget deficit that prompts the government to borrow some more. Additional debts, which address current funding needs but could be paid in the future, translate to more debt burden for future generations.

The fact that the Philippines has been spending more than it earns is not earthshaking. Even the richest of countries have budget gaps. But prudence dictates that this deficit, which is a fiscal policy issue, has to be manageable.  Read more... (850 words, 1 image, estimated 3:24 mins reading time)

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Some charts : web

November 20, 2009 By dragon Leave a Comment

While everybody's eyes are on ISM, let's talk about WEB which no one else has anyway.  Just the other day I showed my friend what the chart of WEB looks like and I was telling him how it would hit the trendline soon.  Well, this chart is about a day or two old, and we've in fact hit this trendline.

Notice that everytime this trendline is hit, WEB appears to have diminished buyers and more sellers than usual before bouncing.  The breakout from last month's ascending triangle shows a 5 peso move from 15.75-16 which points to around 21 if this trendline bounce occurs next week.

I will stake longneck's life that it will.

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How much do Philippine government officials make in salary?

August 8, 2009 By dragon 6 Comments

For all the headaches a government official is embracing upon being elected into office, did you ever wonder how much they make in a month?  Why spend hundreds of millions for only a yearly salary not exceeding 1 million pesos for the top post of President of the archipelago?  

Does that mean they all steal?  Or all for the service of the country? Sense of nationalism? "Give something back to the country"?  And yet some senators are so pompous and arrogant at shouting at citizens in their blue ribbon inquiries, forgetting that they are there at the service of the Filipino people.  Anyway…….. here are their salaries as of 2001.  Read more... (973 words, estimated 3:54 mins reading time)

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