James Ryan Jonas

PSE Weekly Stock Market Update (Aug. 21-24)

The Philippine stock market recovered from the previous week's slump, closing at 3,206.94, a one-week increase of 11.18%. The recovery was attributed to an easing of the US credit market worries and the reduction of the key discount rate by the Federal Reserve.

The Year-to-Date (YTD, i.e., beginning of the year until this week) performance of the Philippine equity sectors is as follows:

PSEi : 3,206.94 ; 7.52%
All Shares Index : 2,052.44 ; 10.33%
Financial Sector : 857.64 ; 4.23%
Industrial Sector : 4,473.00 ; 13.51%
Holding Firms Sector : 1,768.68 ; 2.16%
Property Sector : 1,464.18 ; 16.05%
Services Sector : 1,533.21 ; 2.83%
Mining and Oil Sector : 5,329.38 ; 17.71%

Legend: Market Sector : Week's Closing ; YTD change

Here are this week's top 10 gainers and losers.

(June 2014) NLE Nursing Board Exam Results

Update June 27, 2014: Results of the May 2014 Nursing Licensure Exam (NLE) are posted here.

A total of 11,225 examinees out of 29,188 takers passed the nursing board exam administered by the Board of Nursing last month.

Update August 20, 2011: Philippine Nursing Licensure Exam (PNLE) Results – July 2011

The results of the July 2011 Nursing Board Exam have been released. The passing rate was 47.78%, with more than 37,513 out of 78,513 examinees passing the board.

PSE Weekly Stock Market Update (Aug. 13-17)

Due to lingering concerns in the US subprime market, the main index of the Philippine Stock Exchange (PSE) ended the week lower at 2,884.34, down by 13.96%.

Losers swamped gainers, 159 to 18. Eight shares were unchanged.

Average daily value turnover for the week was P5.008 billion.

The Year-to-Date (i.e., beginning of the year until this week) performance of the different sectors is as follows:

PSEi : 2,884.34 ; -3.29%
All Shares Index : 1,865.22 ; 0.26%
Financial Sector : 791.76 ; -3.78%
Industrial Sector : 3,951.80 ; 0.29%
Holding Firms Sector : 1,593.25 ; -7.97%
Property Sector : 1,310.93 ; 3.90%
Services Sector : 1,389.63 ; -6.80%
Mining and Oil Sector : 4,472.15 ; -1.23%

Legend: First number – Week's Closing ; Second number – YTD % change

Here are this week's top 10 gainers and losers.

PIPC investigation update: Filipinos invested $138M but only $2M remains

Latest report from the Court-appointed liquidator for the beleaguered forex trading firm Performance Investments Products Corporation (PIPC) showed that only $2 million remains from a total of $138 million that Filipinos alone invested.

What is the US subprime mortgage problem — explained in simple terms

Global stock markets are down, investors are on selling mode, and almost all of 2007’s stock gains have been wiped out. The culprit, analysts say, is the current US subprime lending problem.

The subprime… what? And if it’s supposed to be a problem in the US, why is it affecting markets in Europe and Asia?

PFEC's announcement published in Philippine newspapers

Here's a copy of the public notice from Performance Forex Exchange Corporation (PFEC) recently published in local newspapers. NOTICE This is to inform the public … Read More

PFEC complainant's loss, his son's fault?

From newspaper reports: The Performance Foreign Exchange Corporation (PFEC) raid conducted on Wednesday last week was supposedly due to a complaint of a PFEC investor.

The raid was conducted pursuant to the complaint of an investment scam victim identified as George Palos, a resident of Olandes Industrial Valley Complex, Makati City.

According to the victim, who was accompanied by his wife Aurelia to the NBI-AOCD office yesterday, they were enticed to invest an amount of $8,500 (about P382,500) in the firm and were made to believe that their investment will earn substantial profit.

Relying on such assurance, they invested the amount.

The victims were later informed that their investment lost in the firm’s transactions and were not able to recover their investment, including the principal.

– Source: The Daily Tribune

Heard from the grapevine: Mr. Palos's loss was apparently the fault of his son, employed as a Business Executive of PFEC, who insisted that he trade his father's account.

More details when you click "Read More."

BSP warning on Foreign Currency Transactions

Here is a press release issued by the Bangko Sentral ng Pilipinas (BSP) on June 26 warning the public against fraudulent schemes that involve "foreign currency trading" transactions.

Read More

James Ryan Jonas

Pinoy Money Talk