The Philippine Stock Exchange (PSE) is set to award on October 3 the top players of its recently concluded Open 2007 Stock Trading Tournament. The … Read More
On September 18, 2007, the US Federal Reserve (the “Fed”) cut its target Fed funds rate by 50 basis points (half-of-a-percentage point) to 4.75%, giving a boost to stocks markets worldwide.
The Fed also cut its discount rate by another 50 basis points, bringing it down to 5.25%.
The Philippine stock market welcomed the decision of the US Federal Reserve to cut its benchmark interest rate by 50 basis points, ending the trading … Read More
Leading internet recruitment site JobStreet.com issued an announcement today warning members not to become victims of a new modus operandi targeting job hunters. JobStreet warned … Read More
Despite a surge right after the Erap guilty verdict was handed out, the Philippine Stock Exchange (PSE) closed slightly lower last week, with most investors remaining on the sidelines waiting for the results of the US Federal Reserve policy meeting on September 18.
The main index closed at 3,294.55, down by 1.5% from the previous week.
Week-to-week and Year-to-Date (YTD, i.e., beginning of the year until this week) performances of the Philippine equity sectors are as follows:
(Legend:) Market Sector : Week's Closing ; 1-Week Change ; YTD change
Here are this week's top 10 gainers and losers.
Erap is guilty of plunder, thus says the Sandiganbayan. He amassed millions of dollars from illegal gambling and made himself and his family rich. He will be detained or house arrested while the appeal is pending but if the decision is upheld, he will most probably spend his entire life jailed.
C’mon now, people. Give the former Philippine President a break. He may be a plunderer, but remember the times he made you laugh because of his Erap jokes?
Here are a few of those jokes and quotable quotes to help refresh your memory of the Erap we once knew.
GMAnews.tv compiled the reactions of various personalities from the different sectors of the society after former Pres. Joseph "Erap" Estrada was found guilty of the crime of plunder.
The complete pool of reactions is accessible here.
A summary of these reactions are as follows.
Former Philippine President Joseph “Erap” Estrada has been found guilty beyond reasonable doubt of plunder by the Sandiganbayan anti-graft court and has been sentenced to life imprisonment.
