^
+ Follow FIRST PHILIPPINE FUND Tag
FIRST PHILIPPINE FUND
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 194081
                    [Title] => PSE to introduce $-denominated board
                    [Summary] => After more than a year since gaining approval from the regulatory agencies, the Philippine Stock Exchange (PSE) is finally set to introduce a dollar-denominated board that will give investors the option to trade in selected securities listed abroad.


"As an enhancement to the present trading infrastructure, the exchange will be launching the Dollar-Denominated Trading (DDT) facility within the second quarter of the year," PSE president Ernest Leung said in a circular to brokers.
[DatePublished] => 2003-02-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 193152 [Title] => Listing of exchange traded funds mulled [Summary] => The Philippine Stock Exchange is considering the listing of exchange traded funds (ETF) as part of efforts to expand the range of financial products available to the investing public aside from the traditional securities and warrants.

ETFs are open-ended funds which track indexes or sectoral baskets of securities that are listed and traded on a stock exchange. Investors may diversify their portfolios by investing in a single unit of ETF which conveys ownership in a group of securities representing specific industries or market sectors.
[DatePublished] => 2003-01-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 191561 [Title] => SEC urges public to invest in mutual fund firms [Summary] => The Securities and Exchange Commission is urging the public to invest in mutual fund firms rather than in get-rich-quick schemes which more often than not leave many investors with an empty savings account.

"Instead of putting your money in scam, put it in the market. Another alternative is to invest in mutual fund firms," an SEC official said.

The SEC official said the public should learn from the string of investment scams that have been exposed last year and should think twice before parting with their hard-earned money.
[DatePublished] => 2003-01-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 179414 [Title] => Exemption of mutual firms from docu stamp tax sought [Summary] => The Philippine Stock Exchange wants mutual fund firms to first list at the exchange to qualify for exemption from the payment of the documentary stamp tax (DST).

The PSE proposal is part of efforts to expand the financial products available to the investing public and to develop the mutual fund industry which has lagged behind neighboring Asian countries.

This was broached by the PSE following reports that the Department of Finance is open to abolishing the DST on stock transactions since the losses would hardly make a ripple in the government’s coffer.
[DatePublished] => 2002-10-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 171737 [Title] => PSE to introduce separate board for dollar-denominated issues [Summary] => The Philippine Stock Exchange (PSE) will introduce before the end of the year a separate board for the trading of dollar-denominated securities, providing a new spin in the country’s stock market trades.

PSE chairperson Vivian Yuchengco said they intend to establish the dollar board by Sept. 16, coinciding with the launching of the "New Exchange," an ambitious roadshow to promote and revive the flagging investor interest in the local bourse.
[DatePublished] => 2002-08-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 137939 [Title] => SEC, BSP okay dollar-based trading facility [Summary] => The capital market’s regulatory agencies have given their go-signal for the launching of a dollar-denominated trading (DDT) facility by the Philippine Stock Exchange (PSE).

PSE chief operating officer Jose Cervantes said their proposal to introduce the DDT has been approved by the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP).

But he said the PSE still has to craft the specific guidelines before it offers the new facility, possibly by the middle of next year.
[DatePublished] => 2001-10-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 89604 [Title] => GMA willing to go on US visit [Summary] => President Arroyo said yesterday she is willing to squeeze into her busy schedule a possible state visit to the US if proper arrangements can be made.

The President said she really has no plans of traveling abroad at this time, and would only do so if the destination is Washington.

"That is probably the only trip I will make at this time. We’ll still have to see about President (George) Bush’s schedule," she said following a meeting with former US Rep. Stephen Solarz yesterday in Malacañang.
[DatePublished] => 2001-01-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [7] => Array ( [ArticleID] => 100211 [Title] => Listing of RP firms in foreign stock markets good for PSE, sayanalysts [Summary] =>

The spate of listings by Philippine-based companies in stockmarkets abroad is providing an added boost to the lackluster performance of the local bourse, giving the much-needed publicity and support to local firms in the international arena, analysts said.

"It's good publicity for the company and for the country. It bolsters the capability of domestic companies to be at par with foreign firms and compete in a global market," veteran stockbroker Irving Ackerman of I. Ackerman & Co. Inc. [DatePublished] => 2000-03-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) ) )

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