Sunday, April 22, 2012
Thursday, March 29, 2012
The Index Fund of BPI
Index Funds are generally an investment that are low-cost, low risk funds that track the performance of the Philippine Stock Exchange. They generally are not actively managed and have low turnover so they don't generate a lot of taxable income.
First, Why an Index Fund?. The primary benefits of investing in a mutual fund is that our gains are exempted from taxes based on the Comprehensive Tax Reform Program (CTRP). This was done to promote long-term savings in the country. Secondarily, over the long term index funds have outperformed other mutual funds because they charge low fees. The BPI Fund managers charged 0.75% per annum for the management and distribution fees while others charged 1.75%. In terms of sales load, the BPI Index Fund charged 1.5% while other mutual funds charged 2% this will result on more shares for you if you choose an Index Fund.
Second, What are the Risks of an Index Fund?Mutual Funds are registered with the SEC and they are neither insured with the PDIC nor any other agency of the government, nor guaranteed by the Fund Manager. Before investing investors are expected to understand that the Fund is not a bank deposit product and any income, or loss, shall be for the account of the investor. Investors are advised to read the Prospectus of the Fund before investing.
Third, How much do I need to Invest in an Index Fund?. The minimum investment is P5,000 if you avail of the BPI regular subscriptiion plan (RSP). The plan require you to invest minimum of P1,000 additional investment per month deducted from your BPI savings account. If you will not avail of the RSP your minimum initial investment is P10,000 and additional investment is your prerogative.
Fourth, How will I earn money in an index fund?. If the present Net Asset Value (NAV) is higher than your buying NAV you will earn money. Historically, the BPI Index Fund is earning money.
The 5 years annualized return of the Philippine Index Fund is 9.79% per annum beating the inflation rate and other type of mutual fund. (see figure above).
For my blog readers, it is time you consider investing in an Index fund.
Arnel L. Cadeliña
In lay man's term the Index Fund is a mutual fund that is run virtually on autopilot. Generally stockbrokers don't recommend index funds because no commissions can be derived for them. For the first-time investors, investing a small amount of their portfolio in an index fund is a very good start.
I will focus on one index fund offered by the Bank of the Philippine Islands (BPI) and will tackle it without the complicated finance terms for the majority of the blog readers to understand.
First, Why an Index Fund?. The primary benefits of investing in a mutual fund is that our gains are exempted from taxes based on the Comprehensive Tax Reform Program (CTRP). This was done to promote long-term savings in the country. Secondarily, over the long term index funds have outperformed other mutual funds because they charge low fees. The BPI Fund managers charged 0.75% per annum for the management and distribution fees while others charged 1.75%. In terms of sales load, the BPI Index Fund charged 1.5% while other mutual funds charged 2% this will result on more shares for you if you choose an Index Fund.
Second, What are the Risks of an Index Fund?Mutual Funds are registered with the SEC and they are neither insured with the PDIC nor any other agency of the government, nor guaranteed by the Fund Manager. Before investing investors are expected to understand that the Fund is not a bank deposit product and any income, or loss, shall be for the account of the investor. Investors are advised to read the Prospectus of the Fund before investing.
Third, How much do I need to Invest in an Index Fund?. The minimum investment is P5,000 if you avail of the BPI regular subscriptiion plan (RSP). The plan require you to invest minimum of P1,000 additional investment per month deducted from your BPI savings account. If you will not avail of the RSP your minimum initial investment is P10,000 and additional investment is your prerogative.
Fourth, How will I earn money in an index fund?. If the present Net Asset Value (NAV) is higher than your buying NAV you will earn money. Historically, the BPI Index Fund is earning money.
Fifth, How will I redeem or encash my investment? Submit to your BPI bank your Purchase Order starting 9:00 a.m. to 2:30 p.m.. You will be paid in full via a Debit Authority you indicated in your application Settlement Account you signed on the date of your application..
The 5 years annualized return of the Philippine Index Fund is 9.79% per annum beating the inflation rate and other type of mutual fund. (see figure above).
For my blog readers, it is time you consider investing in an Index fund.
Arnel L. Cadeliña
Monday, March 12, 2012
Top Ten Reasons Why SSS will hike their contributions
10. They want to extend the life of SSS to 35 years or up to year
2046. As of today, the current fund will last only up to year
2039.
9. They want to increase the benefits of the SSS members but first
you have to cough up more until your payslip net pay drops to...
zero.
8. Our SSS contribution rate is only 10.4% of our monthly salary
while GSIS members pay 21%. No wonder their pension is
higher!.
7. They want to lend more to SSS members and corporate sector.
The profit will help them increase their own salaries and benefits
while ours stagnates.
6. They can reason out that we have a low inflation rate therefore
an increase will not be "felt' by the SSS members.
5. The 29.2 million members of SSS contributed P79 Billion pesos
but they paid P76 billion for SSS benefits.This thin margin made
them sleepless.
4. They are projecting a possible loss of overseas jobs which means
lower SSS collections from the OFW.
3. They are aware that Filipinos are adept in changing eating
pattern in order to cope up with deductions and high prices.
Noodles anyone?
2. In 2007, the SSS spends 11% of our contribution for their
operating expenses while Malaysia spends only 2%.
1. They want to increase your minimum pension of P2,400 after working and contributing to them for 20 years and increased it possibly by 10%. Meaning an increase of P240 to achieve a minimum pension of.............. ( no laughing please).........P2,640.
Monday, March 05, 2012
Pretty Good ( Translation: Pwede na 'yan)
I love poetry especially related to education and economic thoughts. Here's one that you will love reading to your children, students.... well I guess for everybody.
Thank you to Mr. Charles Osgood.
Pretty Good ( Translation: Pwede na 'yan)
Thank you to Mr. Charles Osgood.
Pretty Good ( Translation: Pwede na 'yan)
by Charles Osgood (1933-)
from the Osgood File, 1986
from the Osgood File, 1986
There once was a pretty good student
Who sat in a pretty good class
And was taught by a pretty good teacher
Who always let pretty good pass.
He wasn’t terrific at reading,
He wasn’t a whiz-bang at math,
But for him, education was leading
Straight down a pretty good path.
He didn’t find school too exciting,
But he wanted to do pretty well,
And he did have some trouble with writing
Since nobody taught him to spell.
When doing arithmetic problems,
Pretty good was regarded as fine.
5+5 needn’t always add up to be 10;
A pretty good answer was 9.
The pretty good class that he sat in
Was part of a pretty good school,
And the student was not an exception:
On the contrary, he was the rule.
The pretty good school that he went to
Was there in a pretty good town,
And nobody there seemed to notice
He could not tell a verb from a noun.
The pretty good student in fact was
Part of a pretty good mob.
And the first time he knew what he lacked was
When he looked for a pretty good job.
It was then, when he sought a position,
He discovered that life could be tough,
And he soon had a sneaking suspicion
Pretty good might not be good enough.
The pretty good town in our story
Was part of a pretty good state
Which had pretty good aspirations
And prayed for a pretty good fate.
There once was a pretty good nation
Pretty proud of the greatness it had,
Which learned much too late,
If you want to be great,
Pretty good is, in fact, pretty bad.
Who sat in a pretty good class
And was taught by a pretty good teacher
Who always let pretty good pass.
He wasn’t terrific at reading,
He wasn’t a whiz-bang at math,
But for him, education was leading
Straight down a pretty good path.
He didn’t find school too exciting,
But he wanted to do pretty well,
And he did have some trouble with writing
Since nobody taught him to spell.
When doing arithmetic problems,
Pretty good was regarded as fine.
5+5 needn’t always add up to be 10;
A pretty good answer was 9.
The pretty good class that he sat in
Was part of a pretty good school,
And the student was not an exception:
On the contrary, he was the rule.
The pretty good school that he went to
Was there in a pretty good town,
And nobody there seemed to notice
He could not tell a verb from a noun.
The pretty good student in fact was
Part of a pretty good mob.
And the first time he knew what he lacked was
When he looked for a pretty good job.
It was then, when he sought a position,
He discovered that life could be tough,
And he soon had a sneaking suspicion
Pretty good might not be good enough.
The pretty good town in our story
Was part of a pretty good state
Which had pretty good aspirations
And prayed for a pretty good fate.
There once was a pretty good nation
Pretty proud of the greatness it had,
Which learned much too late,
If you want to be great,
Pretty good is, in fact, pretty bad.
Thursday, March 01, 2012
Short advice for the Graduating students
My Dear Graduating students:
In an era of joblessness you will be faced with a lot of challenges. My advice would be to build on your career; accept a job even if it is not your dream job and USE that experience.
The Philippine working environment are full of loop holes and you need to be OPEN to different career paths.
When you finally get your first job take on difficult projects that will allow you to DEMONSTRATE your skills.
Invest on continued learning, this separates the slick and the slack.
Remember those who value professionalism and ethics always stand out in the long run.
Do not forget that faith and reason always complement one another. Do not forget what you learned from your humanities and philosophy classes because in the workplace there are people who are full of logic but they lack the soft skills. Learn from them by taking the right path.
Good luck on your job hunting, My prayers are intended for you.
Arnel L. Cadeliña
Monday, February 20, 2012
Political will
In a difficult time like this, a leader should understand what are the primary problems of the nation and act on it with utmost determination to fix them.
Last night, the US President announced in his State of the Union addressed universities and colleges that the higher education on notice he said. "Higher education can't be a luxury— it's an economic imperative that every family in America should be able to afford." What Obama showed was leadership, vision, courage and political will.
When can we find our own politicians allocate their pork barrels to train college students for high-growth industries that would provide financial incentives to colleges and universities who offer programs that ensured their students find work?. When can we find a leader that will say and at the same time act to make college degrees at quality universities affordable?
candor dat viribus alas.
Friday, February 10, 2012
Escalating college costs killing the dream
My friend Ruben enrolled his son at an elite college in Quezon City. His dream seeing his son graduating in that university is their family’s ultimate goal. Since he is working in Saudi Arabia he has no problem in terms of paying the tuition fee. Until now. His company was coded red meaning that Saudi citizen will be prioritized in terms of employment. His income, which is not increasing for the past three years, is in jeopardy. This year he paid around P53,000 for one semester tuition fee of his son but his incomes barely budge..
In the Philippines, the parents are now experiencing the escalating college costs in an era of very slow increase of income. There are families now who opted to enroll their children in city or state colleges because college is becoming so expensive.
The crux of the problem: Tuition and fees which surged to more than 400% over the last 20 years -- while middle class incomes have stagnated.
During my college time tuition in 1988 rang in at about P2000, adjusted for inflation. By 2012, that number had climbed about roughly P36,500 a semester -- and that doesn't include books or room and board.
Income: If incomes had kept up with surging college costs, the typical Filipino would be earning around P600,000 a year. But in reality, it's nowhere near that.
In 2009 -- the latest data available -- the average family income of Filipinos was P129,000 or roughly P10,750 a month. This only validates that there is growing disparity between income and the cost of higher education.
Being a college professor I am now seeing families are taking on unprecedented levels of debt or downgrading their child's education from private to public to cut costs.
It is a reality that a college degree is not an assurance to be employed but it will give you a fighting chance. Economic statistics validate that there is more opportunity for college degree holders than a high school diploma.
To solve this problem it requires the direct intervention of the government.It is true that the government allocated 3.1% of the GDP for education but it is far below compared to Malaysia whose spending forms at least 8.1% of their GDP for education or to Thailand whose budget for education amounts to 5.2% of their GDP.
We can not speak of comparative advantage when the costs of college education is now the foremost barrier to enter hence the government should intervene before dreams will be put in a wayside.
Arnel L. Cadeliña
References:
.http://www.nationmaster.com/graph/edu_edu_spe-education-spending-of-gdp
Wednesday, February 08, 2012
The Retreat : leave the temporal in order to find the eternal,
Last month, I accompanied my business students in their retreat at Tagaytay City. The spiritual "recharging" we all need because there are lot of noises in our environment nowadays. The technology and the gadget can always "connect" us to everyone we know or even to strangers. The media and the social networks really made our life easier but our spiritual need is getting colder because of these.
The only chance to see our real selves and to connect to a higher calling is to have a silence for a few days. Without TV, cellphone, IPad, internet and even temporary disconnection to our family. This is the time to know who we really are and what is our purpose in this place called earth.
The three day retreat gave me these realizations:
1. Everyone of us on whatever beliefs we have are longing to connect to God.
2. We pray mainly in order for God to give us what we need but there are cases that what we asked can not be given for reasons we don't know..
3. There are two kinds of prayer: the prayer of God's suitor and the prayer of God's workers.
4. The God's suitors are Christians who only prays to ask but not helping in the propagation of His kingdom either by words or deeds.
5. The prayers of God's workers are the first to be answered because his prayers are like the prayers of the prophets, apostles and healers before and during Jesus time. You can check the bible and see how the prayers of Job, Jonah, Paul, Peter and the other were heard. Miracles do happened and it usually given to God's workers.
Retreat is truly beneficial to everybody and all of us are called to be God's workers in our own ways. The benefits: He will always take our prayer into account and give us what we "really" need.
Life is difficult according to Scott Peck but one way to cope was written centuries ago by St. Ignatius of Loyola: go on a 5 day retreat to discern spirits and to learn following the inspirations of God.
This Lenten Season, I encouraged you to try one.
Tuesday, January 31, 2012
Lucena City Population as a Target Market
Small and Medium Enterprises in Lucena City are finding it difficult to write their marketing plan due to the absence of statistics about the target market. In order to help them in writing their feasibility study and business plan the "Filipino Investor by Arnel L. Cadeliña" blog is sharing the research about Lucena City population. The target market is a vital component of the marketing plan, without it all other components of the feasibility study can be considered irrelevant.
Here is the statistics of the Lucena City Population:.
Now that you know your target market, you may now aligned your management , operations & production and financial plans. Good luck!
Arnel L. Cadeliña
Here is the statistics of the Lucena City Population:.
Now that you know your target market, you may now aligned your management , operations & production and financial plans. Good luck!
Arnel L. Cadeliña
Sunday, January 08, 2012
BEAT INFLATION
Inflation is the reason why the price of your shoes and the price of your bread increased as the time goes by. Almost everything that we consume or buy are subjected to inflation. All of us and even the government cannot avoid nor eliminate it. The best thing that the government do is to mitigate and reduce it.
When our Bangko Sentral announced that the Inflation rate for December 2011 eased to 4.4. % I am glad because compared to previous years the inflation in the year 2011 is only minimal. It means that Filipinos experience "only" an increased price of food and energy to around 4%. In Business and Economics when we experience a low inflation, the BSP usually cut interest rates in order for Filipinos to borrow more as additional capital for their business or to improve their infrastructure.
While low inflation is beneficial to businesses, for ordinary people though the low inflation rate has no meaning to them because there are still limited options for savers to earn a real return on their savings. The Inflation figures released last Friday reveal that the consumer prices index – the index used by the government to measure inflation – decreased to 4.4% per cent in December. The price hikes in housing, water, electricity, gas and other fuels – which is seen as a more accurate gauge of the cost of living – fell from 5.7 per cent in November to 5.1 per cent in December.
In order for us to beat inflation an ordinary Filipino should find a savings account paying 5 per cent or more a year.Can we identify one Philippine bank that pays 5% interest rate for our savings?. There is none. The number 1 bank, Banco De Oro is paying a low of 2.0% and a high of 2.75%. If you put your money in a bank, your profit will be eaten by inflation therefore the only way to beat inflation is to increase the risk scale.
There are many ways to beat inflation but not all are accessible to Filipinos. We can not buy gold, we can not trade currencies and we can not buy junk bonds. Maybe you heard all of these anti-inflation strategies but 99% of us are not investing on these because skill, access and capital prohibit us.
What then can we do as ordinary Filipinos?
What then can we do as ordinary Filipinos?
1. Delay getting your Pag-IBIG Fund benefits
You can get your Pag-IBIG Fund savings after 240 monthly payment and if you are not yet retiring by that time better continue the Pag-IBIG deduction. Your employer will give a share to your deduction and you will receive dividends at the end of the year.
2. Delay getting your Social Security
If you have enough money to have an early retirement, go ahead but to those who are not financially prepared, one way to beat inflation is to postpone taking benefits until age 60 or 65 you make an investment in the form of forgone monthly checks and get a return in the form of enhanced benefits thereafter. The incremental annuity you are buying is inflation indexed.
3. Plant your own vegetables and raised your own chicken or pig.
On this strategy the city people with no access to agricultural lot and people who has opportunity cost in other endeavors are exempted. For the rest who are willing and able, one basic way to beat inflation is to plant your own vegetables and raised your own chicken or pig. The technique here is to spend less in order for us to invest more.
3. Plant your own vegetables and raised your own chicken or pig.
On this strategy the city people with no access to agricultural lot and people who has opportunity cost in other endeavors are exempted. For the rest who are willing and able, one basic way to beat inflation is to plant your own vegetables and raised your own chicken or pig. The technique here is to spend less in order for us to invest more.
3. Invest in Stocks and/or stock mutual funds
This kind of strategy is only for those who are prepared to take risk. If you are not, stay away and look for other ways. For those who are brave buy shares of oil, mining, and water companies. They should benefit from rising commodity prices. Real estate investment are another traditional haven for inflation worriers. But this sector is extremely pricey today,be very selective and consult experts before you buy.
Inflation can have its positive and negative effects in our family and our investing strategies. Again , we have to make sure that our investments will give interest higher than the inflation rate
As I say to my Finance students: "Beat Inflation".
My best wishes always,
arnel l. cadeliña
references:
Inflation hits 11-month low. ( 2012, January 7). Business World.
http://learnfinancialeducation.com/what-is-inflation/
Monday, January 02, 2012
Got Job Interview? Here are top 50 most common questions
For you out there who are scheduled to be scrutinized by the persons you don't know personally but who can decide if you are employable material here are the interview questions they will throw based on researched by Glassdoor :
Most Common Interview Questions
- What are your strengths?
- What are your weaknesses?
- Why are you interested in working for [insert company name here]?
- Where do you see yourself in 5 years? 10 years?
- Why do you want to leave your current company?
- Why was there a gap in your employment between [insert date] and [insert date]?
- What can you offer us that someone else can not?
- What are three things your former manager would like you to improve on?
- Are you willing to relocate?
- Are you willing to travel?
- Tell me about an accomplishment you are most proud of.
- Tell me about a time you made a mistake.
- What is your dream job?
- How did you hear about this position?
- What would you look to accomplish in the first 30 days/60 days/90 days on the job?
- Discuss your resume.
- Discuss your educational background.
- Describe yourself.
- Tell me how you handled a difficult situation.
- Why should we hire you?
- Why are you looking for a new job?
- Would you work holidays/weekends?
- How would you deal with an angry or irate customer?
- What are your salary requirements? (Hint: if you’re not sure what’s a fair salary range and compensation package, research the job title and/or company .)
- Give a time when you went above and beyond the requirements for a project.
- Who are our competitors?
- What was your biggest failure?
- What motivates you?
- What’s your availability?
- Who’s your mentor?
- Tell me about a time when you disagreed with your boss.
- How do you handle pressure?
- What is the name of our CEO?
- What are your career goals?
- What gets you up in the morning?
- What would your direct reports say about you?
- What were your bosses’ strengths/weaknesses?
- If I called your boss right now and asked him what is an area that you could improve on, what would he say?
- Are you a leader or a follower?
- What was the last book you’ve read for fun?
- What are your co-worker pet peeves?
- What are your hobbies?
- What is your favorite website?
- What makes you uncomfortable?
- What are some of your leadership experiences?
- How would you fire someone?
- What do you like the most and least about working in this industry?
- Would you work 40+ hours a week?
- What questions haven’t I asked you?
- What questions do you have for me? source:http://www.glassdoor.com/blog/common-interview-questions/
Monday, December 19, 2011
Jobs: The Best Gift for the Filipinos
Jobs: The Best Gift for the Filipinos
By: Arnel L. Cadeliña
Labor is the most important asset of the poor hence economists assert that the determinants if a country is rich or poor is by checking mainly the unemployment and the underemployment rate . Ramon (not his real name) has a degree in sociology he earned two years ago. He submitted his resume to more than 60 companies and after several interviews still there were no job offers. He cannot believe the claimed of the government that they created 2.1 million new jobs and that the unemployment in the Philippines hit a four-year low of 6.4 percent. Ramon is now applying as a service crew of a fast food chain and he will be paid by the hour making him an additional member of the more than 4 million underemployed in the country.
Looking closely with the employment figures it is true that unemployment decreased but the quality of jobs they reported asserted that these are low quality jobs that will not help lessen the poverty in the country. Added to that, according to Prof. Benjamin E. Diokno of the UP School of Economics the 500,000 new jobs were in the nature of unpaid work in family-owned businesses.
As a professor who is connected to a school whose vision is to serve the poor, I have seen how poverty crippled a family in our immersion activities. But I came into a conclusion that the basic problem of the poor is not so much lack of employment but the low wages and the underemployment of the parents. Their penchant of unwanted pregnancies linked to their persistent poverty. According to Asian Development Bank the low wages, underemployment and too many mouths to feed of a family reduces growth savings and reduces funds available for investment in productive capacity. This underinvestment will result in a domino effect of reduces in overall economic growth and prospects for poverty reduction.
Source: NSO Labor Statistics, October 2011
http://www.indexmundi.com/about.html (retrieved December 20, 2011)
It is not a surprise then that the Philippines ranked among the highest in terms of unemployment in the ASEAN region.
The best gift then this Christmas and new year is to help somebody to have his/her own job. What then we need to do in order to create more jobs in the country?.
Here are some actions we can consider:
1. In agriculture, buy local fruits, vegetables and meat. We have seen a rapid increase in imports of basic necessity commodities especially from China. Buying and selling of local food is beneficial not only to the producers and buyers but also for the nation as a whole. Local food purchases happen to be cheaper because there is slashing of expenditure on transportation and warehousing. As far as the national economy is concerned, there has always been an impetus to local food markets since it helps to curtail the drainage of cash reserves on account of import payments. All that we wanted to cook for our next meal was right there in our public market. Our local food products are definitely fresher due to their proximity of our farms to our markets. Your buying of our own agriculture products will create more jobs.
2. Help our local and national government in their governance. A weak and inefficient state is unable to efficiently deliver the necessary services to its population as a result of low capacity. Pay your correct taxes and support the police in maintaining peace & order. Your taxes will create more jobs.
3. Petition our president, senators and congressmen to initiate work programs that will employ huge numbers of unemployed to take a minimum wage paying civil service job like cleaning and maintaining schools, nursing homes, roads, and museums among other jobs. To prevent fraud and abuse, the program should be accurately measured and track results, This is what Germany did to avoid the recession. Your petition will influence them to create more jobs.
4. Adopt and implement the 22-Point Labor and Employment Agenda of the Department of Labor and Employment. This is the platform and policy pronouncements on labor and employment over-arching goal:Invest in our country’s top resource, our human resource, to make us more competitive and employable while promoting industrial peace based on social justice.
This is Christmas and those who are gainfully employed should be thankful and those who are still looking, just like Ramon, don't lose hope. The gift is there waiting and the best thing is to never give up: stand up and fight for the right to live a full life even when challenged by uncertainty.
My best wishes always.
Arnel L. Cadeliña
nelcadelina.blogspot.com
By: Arnel L. Cadeliña
Labor is the most important asset of the poor hence economists assert that the determinants if a country is rich or poor is by checking mainly the unemployment and the underemployment rate . Ramon (not his real name) has a degree in sociology he earned two years ago. He submitted his resume to more than 60 companies and after several interviews still there were no job offers. He cannot believe the claimed of the government that they created 2.1 million new jobs and that the unemployment in the Philippines hit a four-year low of 6.4 percent. Ramon is now applying as a service crew of a fast food chain and he will be paid by the hour making him an additional member of the more than 4 million underemployed in the country.
Looking closely with the employment figures it is true that unemployment decreased but the quality of jobs they reported asserted that these are low quality jobs that will not help lessen the poverty in the country. Added to that, according to Prof. Benjamin E. Diokno of the UP School of Economics the 500,000 new jobs were in the nature of unpaid work in family-owned businesses.
As a professor who is connected to a school whose vision is to serve the poor, I have seen how poverty crippled a family in our immersion activities. But I came into a conclusion that the basic problem of the poor is not so much lack of employment but the low wages and the underemployment of the parents. Their penchant of unwanted pregnancies linked to their persistent poverty. According to Asian Development Bank the low wages, underemployment and too many mouths to feed of a family reduces growth savings and reduces funds available for investment in productive capacity. This underinvestment will result in a domino effect of reduces in overall economic growth and prospects for poverty reduction.
Source: NSO Labor Statistics, October 2011
http://www.indexmundi.com/about.html (retrieved December 20, 2011)
It is not a surprise then that the Philippines ranked among the highest in terms of unemployment in the ASEAN region.
The best gift then this Christmas and new year is to help somebody to have his/her own job. What then we need to do in order to create more jobs in the country?.
Here are some actions we can consider:
1. In agriculture, buy local fruits, vegetables and meat. We have seen a rapid increase in imports of basic necessity commodities especially from China. Buying and selling of local food is beneficial not only to the producers and buyers but also for the nation as a whole. Local food purchases happen to be cheaper because there is slashing of expenditure on transportation and warehousing. As far as the national economy is concerned, there has always been an impetus to local food markets since it helps to curtail the drainage of cash reserves on account of import payments. All that we wanted to cook for our next meal was right there in our public market. Our local food products are definitely fresher due to their proximity of our farms to our markets. Your buying of our own agriculture products will create more jobs.
2. Help our local and national government in their governance. A weak and inefficient state is unable to efficiently deliver the necessary services to its population as a result of low capacity. Pay your correct taxes and support the police in maintaining peace & order. Your taxes will create more jobs.
3. Petition our president, senators and congressmen to initiate work programs that will employ huge numbers of unemployed to take a minimum wage paying civil service job like cleaning and maintaining schools, nursing homes, roads, and museums among other jobs. To prevent fraud and abuse, the program should be accurately measured and track results, This is what Germany did to avoid the recession. Your petition will influence them to create more jobs.
4. Adopt and implement the 22-Point Labor and Employment Agenda of the Department of Labor and Employment. This is the platform and policy pronouncements on labor and employment over-arching goal:Invest in our country’s top resource, our human resource, to make us more competitive and employable while promoting industrial peace based on social justice.
This is Christmas and those who are gainfully employed should be thankful and those who are still looking, just like Ramon, don't lose hope. The gift is there waiting and the best thing is to never give up: stand up and fight for the right to live a full life even when challenged by uncertainty.
My best wishes always.
Arnel L. Cadeliña
nelcadelina.blogspot.com
Monday, November 28, 2011
Investing in Skills
In my rush of daily office and teaching life it is easy to be overwhelm in grades, meetings and day-to-day business. One night when I step back one question popped in my head: " Am I preparing my students for the world they will face upon graduation?".
The beauty of having experience in the corporate and academe is that you possess the ability to understand both world. Connecting these world is like merging two rivers and the merging point results to a bigger one.
To navigate a turbulent river will require skills and putting it in analogy: to navigate the future will require skills.
The following then are the skills:
1. Knowledge on the major subjects . They must be firmly grounded in Finance content knowledge if they major in Finance. The process is the same whatever major they choose.
2. Flexibility. They should develop their skills to cope in rapid change of tasks or job description. The world now is different and job conditions may be subjected to exponential change.
3. Critical Thinking and Problem Solving skills. In the workplace, you will decide based on limited information. Students should be trained to solve problems mostly should be a complex one.
4. Communication and collaboration skills. Nothing beats skills in writing and oral communication because this is important in an increasing technology usage.
5. Self-management and IT literacy. Students must know how to set personal goals and use various IT software relevant to his/her profession.
6. Values. Telling the truth and acting based on respect & honesty are highly valued in an effective organization. Those who practices good values are always rewarded.
The students should invest on the above skills and teachers like me should be updated to meet the needs of the modern economy.
Arnel L. Cadeliña
Thursday, October 20, 2011
Occupy Classroom
There is a current wave in the US and Europe wherein people chanted to occupy wall street to express their anger on the excesses of capitalism. Their actions were the result of seething anger due to excessive greed and profit of capitalism.
In the Philippines, the movement should be occupy classroom. There is now a huge gap between the poor and the rich in the access of quality education. The average tuition fee in a private tertiary education cost around P35,00-55,000 per semester. . Even in the premier state run university the tuition fees go as high as P20,000 per semester. When you add the students allowance, dormitory and daily expenses, the cost becomes prohibitive to the majority of the Filipinos
We are in the brink of creating a society where people are less skilled and where drop-outs are familiar stories. We are teetering toward a failed state.
To reverse this, the government should invest more and deliver more funds to our Basic Education. Specifically from kinder to Grade 6 where the love of knowledge and the acquisition of skills are critical The result may not be quick but it can reverse the backward trend engulfing all of us.
Then strengthened the high school by offering math and science courses that will prepare them to take courses that will help the country to manufacture goods for the locals and for the foreigners to buy.
A country without a competitive manufacturing sector has no comparative advantage.
The only way to go up is to create things we will use and foreigners will buy. This is the only method to create jobs, opportunities and wealth for the majority. The current state of the country, where OFW remittance and service sector such as BPO, are the only factors that oiled our economy is not sustainable in the long run.
We need to occupy classroom by investing more to the education of our youth and the saving grace will be math and science.
Monday, October 10, 2011
Tribute to F. Sionil Jose
I am an avid reader of F. Sionil Jose's articles. The man is 86 years old but his writings are for the young Filipinos to ponder. He is a national artist for literature and his ideas are refreshing to the Filipino soul. This is my tribute to him while he is still alive.
Thank you Mr. Jose you are the conscience that keep me grounded to the the truth.
To the my blog readers, the article below is related to being an investor. May you be touched!.
enter;">
Why are Filipinos so Poor?
What did South Korea look like after the Korean War in 1953? Battered, poor – but look at Korea now. In the Fifties, the traffic in Taipei was composed of bicycles and army trucks, the streets flanked by tile-roofed low buildings. Jakarta was a giant village and Kuala Lumpur a small village surrounded by jungle and rubber plantations. Bangkok was criss-crossed with canals, the tallest structure was the Wat Arun, the Temple of the Sun, and it dominated the city’s skyline. Ricefields all the way from Don Muang airport — then a huddle of galvanized iron-roofed bodegas, to the Victory monument.Visit these cities today and weep — for they are more beautiful, cleaner and prosperous than Manila. In the Fifties and Sixties we were the most envied country in Southeast Asia. Remember further that when Indonesia got its independence in 1949, it had only 114 university graduates compared with the hundreds of Ph.D.’s that were already in our universities. Why then were we left behind? The economic explanation is simple. We did not produce cheaper and better products.
The basic question really is why we did not modernize fast enough and thereby doomed our people to poverty. This is the harsh truth about us today. Just consider these: some 15 years ago a survey showed that half of all grade school pupils dropped out after grade 5 because they had no money to continue schooling.Thousands of young adults today are therefore unable to find jobs. Our natural resources have been ravaged and they are not renewable. Our tremendous population increase eats up all of our economic gains. There is hunger in this country now; our poorest eat only once a day.But this physical poverty is really not as serious as the greater poverty that afflicts us and this is the poverty of the spirit.
Why then are we poor? More than ten years ago, James Fallows, editor of the Atlantic Monthly, came to the Philippines and wrote about our damaged culture which, he asserted, impeded our development. Many disagreed with him but I do find a great deal of truth in his analysis.This is not to say that I blame our social and moral malaise on colonialism alone. But we did inherit from Spain a social system and an elite that, on purpose, exploited the masses. Then, too, in the Iberian peninsula, to work with one’s hands is frowned upon and we inherited that vice as well. Colonialism by foreigners may no longer be what it was, but we are now a colony of our own elite.
We are poor because we are poor — this is not a tautology. The culture of poverty is self-perpetuating. We are poor because our people are lazy. I pass by a slum area every morning – dozens of adults do nothing but idle, gossip and drink. We do not save. Look at the Japanese and how they save in spite of the fact that the interest given them by their banks is so little. They work very hard too.
We are great show-offs. Look at our women, how overdressed, over-coiffed they are, and Imelda epitomizes that extravagance. Look at our men, their manicured nails, their personal jewelry, their diamond rings. Yabang – that is what we are, and all that money expended on status symbols, on yabang. How much better if it were channeled into production.
We are poor because our nationalism is inward looking. Under its guise we protect inefficient industries and monopolies. We did not pursue agrarian reform like Japan and Taiwan. It is not so much the development of the rural sector, making it productive and a good market as well. Agrarian reform releases the energies of the landlords who, before the reform, merely waited for the harvest. They become entrepreneurs, the harbingers of change.
Our nationalist icons like Claro M. Recto and Lorenzo Tanada opposed agrarian reform, the single most important factor that would have altered the rural areas and lifted the peasant from poverty. Both of them were merely anti-American.
And finally, we are poor because we have lost our ethical moorings. We condone cronyism and corruption and we don’t ostracize or punish the crooks in our midst. Both cronyism and corruption are wasteful but we allow their practice because our loyalty is to family or friend, not to the larger good.
We can tackle our poverty in two very distinct ways. The first choice: a nationalist revolution, a continuation of the revolution in 1896. But even before we can use violence to change inequities in our society, we must first have a profound change in our way of thinking, in our culture. My regret about EDSA is that change would have been possible then with a minimum of bloodshed. In fact, a revolution may not be bloody at all if something like EDSA would present itself again. Or a dictator unlike Marcos.
The second is through education, perhaps a longer and more complex process. The only problem is that it may take so long and by the time conditions have changed, we may be back where we were, caught up with this tremendous population explosion which the Catholic Church exacerbates in its conformity with doctrinal purity.We are faced with a growing compulsion to violence, but even if the communists won, they will rule as badly because they will be hostage to the same obstructions in our culture, the barkada, the vaulting egos that sundered the revolution in 1896, the Huk revolt in 1949-53.
To repeat, neither education nor revolution can succeed if we do not internalize new attitudes, new ways of thinking. Let us go back to basics and remember those American slogans: A Ford in every garage. A chicken in every pot. Money is like fertilizer: to do any good it must be spread around.Some Filipinos, taunted wherever they are, are shamed to admit they are Filipinos. I have, myself, been embarrassed to explain, for instance, why Imelda, her children and the Marcos cronies are back, and in positions of power. Are there redeeming features in our country that we can be proud of? Of course, lots of them. When people say, for instance, that our corruption will never be banished, just remember that Arsenio Lacson as mayor of Manila and Ramon Magsaysay as president brought a clean government.We do not have the classical arts that brought Hinduism and Buddhism to continental and archipelagic Southeast Asia, but our artists have now ranged the world, showing what we have done with Western art forms, enriched with our own ethnic traditions. Our professionals, not just our domestics, are all over, showing how accomplished a people we are!
Look at our history. We are the first in Asia to rise against Western colonialism, the first to establish a republic. Recall the Battle of Tirad Pass and glory in the heroism of Gregorio del Pilar and the 48 Filipinos who died but stopped the Texas Rangers from capturing the president of that First Republic. Its equivalent in ancient history is the Battle of Thermopylae where the Spartans and their king Leonidas, died to a man, defending the pass against the invading Persians. Rizal — what nation on earth has produced a man like him? At 35, he was a novelist, a poet, an anthropologist, a sculptor, a medical doctor, a teacher and martyr.We are now 80 million and in another two decades we will pass the 100 million mark.
Eighty million — that is a mass market in any language, a mass market that should absorb our increased production in goods and services – a mass market which any entrepreneur can hope to exploit, like the proverbial oil for the lamps of China.
Japan was only 70 million when it had confidence enough and the wherewithal to challenge the United States and almost won. It is the same confidence that enabled Japan to flourish from the rubble of defeat in World War II.
I am not looking for a foreign power for us to challenge. But we have a real and insidious enemy that we must vanquish, and this enemy is worse than the intransigence of any foreign power. We are our own enemy. And we must have the courage, the will, to change ourselves.
F. Sionil Jose, whose works have been published in 24 languages, is also a bookseller, editor, publisher and founding president of the the PhilippinesÕ PEN Center. The foregoing is an excerpt from a speech delivered by Mr. Jose in Manila, Philippines.
Thank you Mr. Jose you are the conscience that keep me grounded to the the truth.
To the my blog readers, the article below is related to being an investor. May you be touched!.
enter;">
Why are Filipinos so Poor?
In the ’50s and ’60s, the Philippines was the most envied country in Southeast Asia. What happened?
By F. Sionil Jose
The basic question really is why we did not modernize fast enough and thereby doomed our people to poverty. This is the harsh truth about us today. Just consider these: some 15 years ago a survey showed that half of all grade school pupils dropped out after grade 5 because they had no money to continue schooling.Thousands of young adults today are therefore unable to find jobs. Our natural resources have been ravaged and they are not renewable. Our tremendous population increase eats up all of our economic gains. There is hunger in this country now; our poorest eat only once a day.But this physical poverty is really not as serious as the greater poverty that afflicts us and this is the poverty of the spirit.
Why then are we poor? More than ten years ago, James Fallows, editor of the Atlantic Monthly, came to the Philippines and wrote about our damaged culture which, he asserted, impeded our development. Many disagreed with him but I do find a great deal of truth in his analysis.This is not to say that I blame our social and moral malaise on colonialism alone. But we did inherit from Spain a social system and an elite that, on purpose, exploited the masses. Then, too, in the Iberian peninsula, to work with one’s hands is frowned upon and we inherited that vice as well. Colonialism by foreigners may no longer be what it was, but we are now a colony of our own elite.
We are poor because we are poor — this is not a tautology. The culture of poverty is self-perpetuating. We are poor because our people are lazy. I pass by a slum area every morning – dozens of adults do nothing but idle, gossip and drink. We do not save. Look at the Japanese and how they save in spite of the fact that the interest given them by their banks is so little. They work very hard too.
We are great show-offs. Look at our women, how overdressed, over-coiffed they are, and Imelda epitomizes that extravagance. Look at our men, their manicured nails, their personal jewelry, their diamond rings. Yabang – that is what we are, and all that money expended on status symbols, on yabang. How much better if it were channeled into production.
We are poor because our nationalism is inward looking. Under its guise we protect inefficient industries and monopolies. We did not pursue agrarian reform like Japan and Taiwan. It is not so much the development of the rural sector, making it productive and a good market as well. Agrarian reform releases the energies of the landlords who, before the reform, merely waited for the harvest. They become entrepreneurs, the harbingers of change.
Our nationalist icons like Claro M. Recto and Lorenzo Tanada opposed agrarian reform, the single most important factor that would have altered the rural areas and lifted the peasant from poverty. Both of them were merely anti-American.
And finally, we are poor because we have lost our ethical moorings. We condone cronyism and corruption and we don’t ostracize or punish the crooks in our midst. Both cronyism and corruption are wasteful but we allow their practice because our loyalty is to family or friend, not to the larger good.
We can tackle our poverty in two very distinct ways. The first choice: a nationalist revolution, a continuation of the revolution in 1896. But even before we can use violence to change inequities in our society, we must first have a profound change in our way of thinking, in our culture. My regret about EDSA is that change would have been possible then with a minimum of bloodshed. In fact, a revolution may not be bloody at all if something like EDSA would present itself again. Or a dictator unlike Marcos.
The second is through education, perhaps a longer and more complex process. The only problem is that it may take so long and by the time conditions have changed, we may be back where we were, caught up with this tremendous population explosion which the Catholic Church exacerbates in its conformity with doctrinal purity.We are faced with a growing compulsion to violence, but even if the communists won, they will rule as badly because they will be hostage to the same obstructions in our culture, the barkada, the vaulting egos that sundered the revolution in 1896, the Huk revolt in 1949-53.
To repeat, neither education nor revolution can succeed if we do not internalize new attitudes, new ways of thinking. Let us go back to basics and remember those American slogans: A Ford in every garage. A chicken in every pot. Money is like fertilizer: to do any good it must be spread around.Some Filipinos, taunted wherever they are, are shamed to admit they are Filipinos. I have, myself, been embarrassed to explain, for instance, why Imelda, her children and the Marcos cronies are back, and in positions of power. Are there redeeming features in our country that we can be proud of? Of course, lots of them. When people say, for instance, that our corruption will never be banished, just remember that Arsenio Lacson as mayor of Manila and Ramon Magsaysay as president brought a clean government.We do not have the classical arts that brought Hinduism and Buddhism to continental and archipelagic Southeast Asia, but our artists have now ranged the world, showing what we have done with Western art forms, enriched with our own ethnic traditions. Our professionals, not just our domestics, are all over, showing how accomplished a people we are!
Look at our history. We are the first in Asia to rise against Western colonialism, the first to establish a republic. Recall the Battle of Tirad Pass and glory in the heroism of Gregorio del Pilar and the 48 Filipinos who died but stopped the Texas Rangers from capturing the president of that First Republic. Its equivalent in ancient history is the Battle of Thermopylae where the Spartans and their king Leonidas, died to a man, defending the pass against the invading Persians. Rizal — what nation on earth has produced a man like him? At 35, he was a novelist, a poet, an anthropologist, a sculptor, a medical doctor, a teacher and martyr.We are now 80 million and in another two decades we will pass the 100 million mark.
Eighty million — that is a mass market in any language, a mass market that should absorb our increased production in goods and services – a mass market which any entrepreneur can hope to exploit, like the proverbial oil for the lamps of China.
Japan was only 70 million when it had confidence enough and the wherewithal to challenge the United States and almost won. It is the same confidence that enabled Japan to flourish from the rubble of defeat in World War II.
I am not looking for a foreign power for us to challenge. But we have a real and insidious enemy that we must vanquish, and this enemy is worse than the intransigence of any foreign power. We are our own enemy. And we must have the courage, the will, to change ourselves.
F. Sionil Jose, whose works have been published in 24 languages, is also a bookseller, editor, publisher and founding president of the the PhilippinesÕ PEN Center. The foregoing is an excerpt from a speech delivered by Mr. Jose in Manila, Philippines.
Thursday, October 06, 2011
Monday, October 03, 2011
QUEZON PROVINCE: A HUMAN DEVELOPMENT DATA
QUEZON PROVINCE: A HUMAN DEVELOPMENT DATA
I. LIFE EXPECTANCY
A long and healthy life is proxied by achievements in life expectancy at birth.
The average Quezonians are expected to live 67.5 years.
The longest among Filipinos are those born in la Union who are expected to live 74.6 years while those born in Tawi-Tawin have the shortest at 53.4 years old.
II. KNOWLEDGE
The knowledge are measured as a weighted average of the high school graduate ratio and the basic education enrollment rate.
Quezon province high school graduate ratio is only 48%. Fellow CALABARZON province Cavite has 73.7% while Laguna has 72.5%. The percentage shows that there is a high dropped out rate in Quezon Province.
STANDARD OF LIVING
III. PER CAPITA INCOME.
The per capita income in Quezon Province is P16,827. Fellow CALABARZON, Laguna is P30,838, Batangas is P23,465.
IV. HUMAN DEVELOPMENT INDEX
In a summary the measure of human development that seeks to measure the average achievement are in three basic dimensions of human development: a long and healthy life, knowledge and a decent standard of living. Quezon was ranked number 58 out of 77 provinces. Let us see the comparative data:
Rank Province
2 Rizal
3 Cavite
5 Laguna
15 Batangas
58 Quezon
If Quezon Province was a country, how would it fare against other countries in Human Development Index?
HDI Province/Country
0.684 Quezon
0.684 Tajikistan
0.670 South Africa
0.646 Morocco
0.634 Namibia
Human Poverty Index
Poverty incidence is a general measure of well being. It is defined as the proportion whose income falls below a specified poverty line. The poverty line is the amount of money just sufficient to meet a person’s most basic food and nonfood needs.
RECORDED HISTORY OF POVERTY INCIDENCE IN QUEZON PROVINCE
Year %
2006 43.7
2003 32.3
2000 28.6
1997 30.3
RECORDED HISTORY OF POVERTY INCIDENCE IN BATANGAS PROVINCE
Year %
2006 23.3
2003 25.6
2000 14.9
1997 17.4
Arnel L. Cadeliña
nelcadelina.blogspot.com
Recently I was given a copy of the Philippine Human Development Report 2008/2009. The book was published by the Human Development Network and the UN Development Programme. The analysis and perspectives brings an in depth analysis of Human Development of Philippine provinces.
I made an extract of the report focusing on Quezon Province to benefit the students, researchers, faculty, Quezonians and friends of Quezon Province. The data will bring you enlightenment as well as righteous anger. I will be remiss on my civic duty if I will not inform you on what is happening in Quezon Province. It is but proper first to give thanks to the Human Development Network headed by Arsenio M. Balisacan for the data. Though their research was dated 2006 the relevance is unquestionable.
NOW HERE ARE THE HUMAN DEVELOPMENT DATA OF QUEZON PROVINCE
A long and healthy life is proxied by achievements in life expectancy at birth.
The average Quezonians are expected to live 67.5 years.
The longest among Filipinos are those born in la Union who are expected to live 74.6 years while those born in Tawi-Tawin have the shortest at 53.4 years old.
II. KNOWLEDGE
The knowledge are measured as a weighted average of the high school graduate ratio and the basic education enrollment rate.
Quezon province high school graduate ratio is only 48%. Fellow CALABARZON province Cavite has 73.7% while Laguna has 72.5%. The percentage shows that there is a high dropped out rate in Quezon Province.
STANDARD OF LIVING
III. PER CAPITA INCOME.
The per capita income in Quezon Province is P16,827. Fellow CALABARZON, Laguna is P30,838, Batangas is P23,465.
IV. HUMAN DEVELOPMENT INDEX
In a summary the measure of human development that seeks to measure the average achievement are in three basic dimensions of human development: a long and healthy life, knowledge and a decent standard of living. Quezon was ranked number 58 out of 77 provinces. Let us see the comparative data:
Rank Province
2 Rizal
3 Cavite
5 Laguna
15 Batangas
58 Quezon
If Quezon Province was a country, how would it fare against other countries in Human Development Index?
HDI Province/Country
0.684 Quezon
0.684 Tajikistan
0.670 South Africa
0.646 Morocco
0.634 Namibia
Human Poverty Index
Poverty incidence is a general measure of well being. It is defined as the proportion whose income falls below a specified poverty line. The poverty line is the amount of money just sufficient to meet a person’s most basic food and nonfood needs.
RECORDED HISTORY OF POVERTY INCIDENCE IN QUEZON PROVINCE
Year %
2006 43.7
2003 32.3
2000 28.6
1997 30.3
From the above record, it is very clear that the incidence of poverty in Quezon Province is on upward trajectory. This only means that 43.7% of Quezonians are having difficulty of meeting his most basic food and nonfood needs.
Now let us compare the data with our neighbor, Batangas.
Year %
2006 23.3
2003 25.6
2000 14.9
1997 17.4
Though the poverty index is also increasing in Batangas, the 23.3% is still much lower to Quezon’s 43.7%..
Conclusions:
Quezonians born in 2006 are expected to live 67.5 years.
In terms of Human Development Index, Quezon Province is ranked number 58 in the country, the lowest in CALABARZON. Laguna is number 5 while Batangas is 15.
Our per capita income is the lowest in the CALABARZON contributing to the highest poverty Incidence of 43.7%. Laguna has 9% incidence while Batangas has 23.3%.
Our Human Development Index is comparable to Tajikistan.
The people of Quezon Province is on a downward slide in terms of income and upward swing in terms of poverty, It is time for the Quezonians to help the province in every way and anyway they can. We are just a statistics away from Namibia.
Arnel L. Cadeliña
nelcadelina.blogspot.com
Tuesday, September 20, 2011
SOUTHEAST ASIA TRADING PLATFORM
The Securities and Exchange Commission has approved last week the participation of PSE in the Southeast Asian Trading Platform. This platform will facilitate trading of Philippine stocks to Malaysia, Singapore and Thailand.
Initially 30 biggest and most liquid stocks would be brought for cross-border trading.
The countries are the Philippines, Malaysia, Singapore and Thailand
The stock exchange are the Philippine Stock Exchange (PSE), Bursa Malaysia (BM), Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET).The four will be electronically interconnected
Benefits for Philippine companies will be the trading of their listed securities to the 3 ASEAN nation.
Benefits for stock buyers, the possibility of buying stocks of the 3 ASEAN nations like:
1. Malaysia -Maybank, Sime darby, CIMB Group, Public Bank and Maxis
2. Thailand - PTT CHEMICAL PUBLIC COMPANY LIMITED,THE SIAM CEMENT PUBLIC COMPANY
LIMITED,THAI OIL PUBLIC COMPANY LIMITED
3. Singapore - SINGTEL, WILMAR INTERNATIONAL, DBS GROUP of Singapore
This platform will change the landscape of stock trading in our country.
Arnel L. Cadeliña
nelcadelina.blogspot.com
Initially 30 biggest and most liquid stocks would be brought for cross-border trading.
The countries are the Philippines, Malaysia, Singapore and Thailand
The stock exchange are the Philippine Stock Exchange (PSE), Bursa Malaysia (BM), Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET).The four will be electronically interconnected
Benefits for Philippine companies will be the trading of their listed securities to the 3 ASEAN nation.
Benefits for stock buyers, the possibility of buying stocks of the 3 ASEAN nations like:
1. Malaysia -Maybank, Sime darby, CIMB Group, Public Bank and Maxis
2. Thailand - PTT CHEMICAL PUBLIC COMPANY LIMITED,THE SIAM CEMENT PUBLIC COMPANY
LIMITED,THAI OIL PUBLIC COMPANY LIMITED
3. Singapore - SINGTEL, WILMAR INTERNATIONAL, DBS GROUP of Singapore
This platform will change the landscape of stock trading in our country.
Arnel L. Cadeliña
nelcadelina.blogspot.com
Tuesday, August 30, 2011
Laws that will affect our investing strategies
1. Personal Equity Retirement Account (PERA) Act- encourage the accumulation of savings and investments to augment inadequate pension and retirement benefits. Status: Approved but tax regulations that would govern the grant of tax incentives for the investors still under review.
2. Real estate Investment Trust (REIT) Act - promote the development of the capital market by expanding the participation of Filipinos in the ownership of real estate.Status: Approved but tax regulations that would govern the grant of tax incentives for the investors still under review.
3. Collective Investment Schemes Law- authored by Senator Angara which aims to unify laws and regulations governing all types of pooled investments and provide a competitive environment.
Status: pending
Thursday, August 25, 2011
The Philippine Stock Exchange Online Trading System
To date, most trades in the country are still done via phone calls or physical interaction with stockbrokers or agents.The system will not kill the stockbrokers but rather take advantage of the Internet and the continuous growth of online transactions by allowing us, investors, to place our orders to the brokers online.
The online trading system will level the playing field.
Congratulations to PSE president and chief executive officer Hans Sicat for this project and hoping and praying that you will select the best solutions provider before the year ends.
I can not wait trading online!
nelcadelina.blogspot.com
Subscribe to:
Posts (Atom)