philippines times news
Posted in Philippines General Information on 09/22/2006 08:29 pm by admin 
Philippine Stock Index – Up and downs?
In the last six months, I will follow the Philippine Stock Index went up then down then up then down several times. In the news today, there was mention of "window dressing" so the amount of users went up to the last trading day of December 2007. If you invested in stocks Philippines, I'd sell your Holdings on the first working day of 2008 (January 2, 2008)? kindly state your reason. Thank you. Happy Holidays!
No, I would not sell. I think Asia will serve the next bull market of the coming decade. I want to continue to buy stocks based in Asia, and include the Philippines and China, volitility is not uncommon before a breakout to the upside. happy holidays 2u2. Jim Rogers of the roaring Dragon Shanghai, China — Now something I've contemplated doing for decades: I walked to a Chinese brokerage house in Shanghai and opened a brokerage account so I could buy Chinese equities. Paige and I entered the first in China of April despite the Kazakhstan-Chinese border. We drove eastward across the Gobi Desert, with some excellent road, stopping along the route — Yining, Urumqi, Hami, Lanzhou, and Xi'an — that I've taken twice before journeys in the past eleven years. Despite widespread reports to the western press about how poorly China is making economic, our eyes told us a different story. Hami, which in 1988 is one way in and out over a large stone-strewn path than a road, was killed in a boomtown, packed with trucks, cars, and motorcycles – as well as the goats, geese, and cattle. In 1990 no dealers for motorcycles; now three. Sa Yining street markets are everywhere, and in the streets, too, was filled with vehicular traffic. Where before there was only a few stores state, private shops now proliferate. In 1990 no gas stations; when I was forced to go to a Red Army guard and ask for gas. The way we found a abundance of secular temples fuel, complex service station with ten pumps and enough arches sa rival McDonald's. Sa Xi'an We even saw a few Mercedes. In 1990 there was but a budding industry of hotels; now has three times as many hotels, many up to world standards. As for nightlife, in Hami and elsewhere are many discos, karaoke bars, and nightclubs. Young people dressed in suits and relations; only the older crowd wear Mao suits. The western press like to make many of the lack of human rights in China, but 8000 kilometers of travel we stopped only a few times Checkpoints, if where as we crossed the Stans-fast our allies-we stopped scores and scores of times by a harsh police. Here in China everyone is too busy doing money to poke his nose in anyone else's business. Today China is all the construction, market, and the factory. Looking east from our room hotel in Nanjing, the old southern capital, we counted twelve separate cranes working on site skyscraper, never had any lack of skyscrapers. Throughout the Chinese are feverishly building the highway, houses, shops, and factory. Many of the street is good as the Autobahn – and much of all this is built by hand, as is the Grand Canal and the Great Wall of several thousand years ago. With all the roads in every town and village we found continuous activity, bustling markets, Chinese eagerly works, purchase and sale of anywhere, and an astonishing volume of new consumer goods-bicycles, Radios, trucks, cars, TVs, clothes made of both foreign and local manufacturers. Name the consumer good, and the Chinese are buying and selling it. China is by far the most dynamic country we encountered, making boomtimes in Ireland and Turkey pale in comparison. In my previous visits I stopped at a temple or two, but never had a sense they are very important in Chinese. Not: we are constantly running to packed Buddhist, Taoist and Confucian temples, and surprise was the extent of the crowds. An additional surprise is the sheer number of mosques and thriving Christian church. We stumbled onto some churches with vibrant congregations. I do not know who the more startled: Paige and I-worshippers or some of the Christian family for 200 years. We have yet to find anyone of any faith who feel repressed. The Some of the oldest members can remember the problems under Mao, but the young ones are Bewildered by the questions. All in all I know that some rights' violations; they exist in every country, especially in developing countries. Even Plato wrote about it as long ago as the Republic. My sanity after six weeks near the ground, however, that the rights of man 'storm in the West is a cover for another agenda, such as protecting their own interests from a dynamic new country. How did China get here? Its recent history is fascinating. Beginning in 1978 his leadership moved the economy from Soviet-style central planning to a more market-based economy, yet all within the Communist Party political control. In place of collectivization in agriculture, national leadership is anxious "responsibility at home, allowing households to produce and sell, which has tremendously boosted farm production. The same way, local officials and plant managers are allowed far more control over their domain, and Beijing The country opened up to foreign investment. The result was a quadrupling of gross domestic product for the past 20 years, with both agriculture and industry of making enormous Strides. The World Bank estimates that China's GDP could be high as $ 4.25 trillion in 1997. While successful overall, from this uniquely Chinese worry if sometimes there came the worst of the two systems. From the limitations of the Communist Party has come corruption and the little hassles of bureaucracy, while capitalism brought inflation and the corrupting influence of windfall gains. Between 1992 and 1997 growth reached levels high as 10% annually, especially along the rising coast. The government, with some of the best national leadership in China's history, had his work cut out for them. Tens of millions of redundant rural workers have floated between villages, towns, and cities, long-only low-paying part-time work. The Chinese leaders have struggled to keep afloat the large state-owned businesses, some who grew up with the rest of the country. In addition, it is difficult for national governments to collect revenues it felt it necessary. The top of these problems, the leadership has not only struggled to reduce corruption and other economic crimes but also to contain the damage to environment-air pollution, soil erosion, and the steady fall of water table in the north. Will there be ongoing tensions between the Communist Party and the decentralized economic system? Fully. How can they be resolved? I believe in favor of increasing success, such as under the Mao Chinese tried central economic planning for decades and they know it not work, as after seven decades of socialism the peoples of South America came to lose their capacity to believe in economic nonsense. So now that I've seen a country bursting with capitalist spirit and opened my brokerage account, if What stock can I buy? In China there are two main changes, the first here in Shanghai and the other, south of us in Shenzhen, both of which a total some 500 Chinese stocks to trade. Many of them do not stock that I want to buy; they are leftovers from the Communist period, poorly-run government companies are authorities are eager to unload on unsuspecting investors. And of course there are other barriers. The equity shares of Chinese public companies are divided into A and B users. The A-side can only be owned by local Chinese. If they are careful how they go about it, users can also owned by overseas Chinese, who number more tens of millions worldwide. Foreign investors to play the straight — that is, not to use a Chinese candidate to trade or invest — is permitted only to purchase B-side. During this writing foreigners' B-side will not be in A-section. Whereas at one time west enthusiasm for China is so big that the B-shares to sold at a premium to the A-section, now Western pessimism toward China is so big that the B-shares have impacted 85% from their highs. Such a large difference has whetted my appetite What a bargain! Since the Asian economic turmoil began in mid 1997, I was watching and asking when is the right time to plunge back in Asian equities. Now I believe the time is near at hand. My view of the rally in the last few months is that it is a white-market rally, which will have We have another below, the second bottom, to tell us that the Asian market is truly ready by march upwards. My long observation of the major leading the market tells me there is often a second major leg down, one to test where the new bottom, and shakes out to have been suckered in the first rally. That thinking This second leg can be marked down by the currency devaluation of the Chinese or some other disorder in China – say, labor unrest and strikes. Some years ago the Formed Chinese International Trust and Investment Corporation (ITICs), government-backed investment companies, usually one to a province. Raised billions of dollars to generate much-needed Chinese infrastructure: airports, toll roads, seaports, and especially the power plants. Their bonds are usually paid a high rate, 15% to 18%. However, these trusts made the age-old banker's mistake, lending long and borrowing short. ITICs usually belong local government of the province, and sometimes appeared that the government guarantee, as the U.S. agency bonds appear to be backed by the full faith and credit U.S. Treasury but not. Investors' argument for trusting in such semi-guarantee is that the governments involved are too embarrassed to let such bonds default. One of these is the ITICs Guangdong International Trust and Investment Corporation, GITIC, located in one of the most rich Chinese province. In a creditors' meeting GITIC announced in January it had $ 4.3 billion in liability and property in which to cover the debt, and is filing for bankruptcy. The next day of the Guangdong authorities announced they were going to meet any obligations they may have had to guarantee losses. In the past few months other the ITICs made similar announcements, and the national government has repudiated responsibility to bail out any of them. Overseas investment houses, some of whom the company insurance, have had to reserve massively, sometimes writing from all investments, which will destroy years of income obtained from China and put a sour taste in their mouth for more Chinese investment. The collapse of the system will handle GITIC alarmed some of China's big banks, which have alerted the government will damage Chinese truth in other countries and prevent Chinese prospects of raising funds in global markets. They have enough rights. Since January international investment in China is back up. In fact, many of the early money in China is not the wisest money. Iveco, the Italian manufacturer of the truck, put it in the first agent in China in 1984. After investing $ 200 million along the way, it will not see any revenue until 2002, almost 20 years after its first agent's arrival. Unilever arrived during the 80s, too, and it, too, is to waive the usual standards of equity investment in the millions it spent in China. General Motors and west bank later poured more money in the country, but a search of the gold is coming to an end. January and February of this year shows a 9.5% decline in foreign direct investment from last year, raising the possibility that in 1999, the first time in decades, investment in China from the outside may fall. In fact, officials of Beijing now say that direct foreign investment could slump $ 15 billion last year from the high $ 45 billion. For a long time there is a myth that a global consumer company can not afford not to China, but losses mount as many Western companies' boards are asking if they can be in China at all. Those who rushed to "first honeypot" is not found that establishing a brand that has won them the riches are promised earlier; in China as in other markets integrity of the brand is elastic. In fact, some western businesses have pulled out of China recently: the Royal Bank of Canada, Southwest Bell, Marks & Spencer, and fosters Australian. Many new projects are put on hold. The hype about a market with hundreds of millions the eager consumers encountered the reality that perhaps only millions want certain products from the west. Many companies began consideration in China much as they regard any other opportunities that countries, as one of the risks that may not pay. They learned that not all joint work Ventures, and that all too many local partners can not experience new industries in the country. The pioneers did not expect, either, the intensity of local competition, of the "buy the government of China" policy for many industries. While China has made repeated promises not to devalue its currency, difficult to see how the national government could not override all Asian regional pressures on the value and prospect, too, has made of foreign carefully. Without foreign investment, not as many Chinese jobs are created, which will naturally have an impact on Gross National Product. In addition, is not a positive attitude toward Chinese investments in our investment and political circles will lean more towards the containment of China rather than engagement with the this. It is a shame Clinton did not make the WTO deal with China Prime Minister Zhu Rongji's visit to U.S., as it would have made many of the rebuilt confidence of foreign investment into the community in China. While many foreigners have invested in China may have lost money through ill-conceived investments, do not want to believe it by bustling economic activity we observed in our cross-China journey. For a long, long time me a keen about China's prospects. For many years I've urged my friends to teach their children Chinese, as I think the 21st century is as much China as in the 19th century Britain and the 20th century was America's. For all the years I have been patiently waiting for hibernating dragon awaken. Well, here at the end of the century and the beginning a new millennium the great dragon-slightly smaller in land mass than the United States but more than four times our population has awakened. To prepare for the right moment, which can be as early as this fall, I accruing a shopping list of Chinese companies which I invest. I am leaving off are unable holdovers from the communist days, the giant labor-intensive companies will never show a profit and going public is simply a way taking them from the hand of government. For example, the land I'm looking for a company with great Holdings to raw land in the new part of Shanghai, and a wheel rubber company, an appliance company, and a glass company. Without high-tech here, but there are companies established in major industries to meet the growing Chinese middle-class desire for a better life. Tire and rubber may seem buzz-drum of the portfolio is filled with Amazon.com and AOL, but when you traveler the entire scope of China today and encountered thousands of thousands of rubber-tired vehicles-cars, motorcycles, trucks and the Chinese-hired now, you come to believe that Mount rubber tires sold. My visits stock exchange brokerages and taught me some interesting these things. Everyone in stock-market business here is young, including the president of the stock exchange. This is a new business, one that did not exist 10 to 15 years ago, and the people within it are similar to software and the internet in America no-one is over 35. They are full of get up and go young, too, eagerly accepting the challenge and long hours. No I really buying any more stock, simply mapping out my strategy. I'm watching and waiting for the Chinese to work their two main problems. Their money is not feasible, to keep foreign investors from plunging again. If the money issue is resolved, the artificial division between A-and B-shares-to if it is dissolved now give Chinese citizens a way of sending money abroad should also come to be solved. However, the most telling piece information I learned here is that the government is trying to make the ownership of users of stock more attractive to its citizens. Within decades of investment in my life, I saw it again: When a government creates incentives-real incentive for people to buy stocks, they always go up. This is especially exciting when, as here, a high savings rate, and the banks are loaded with cash. The banks were aged careful recently not to lend, so that the savings are trapped in the bank. If China's citizens are actually encouraged to take their money out of banks and buy equities, the market is soaring. This can happen as early as this summer, but can take until the end of the year for all of this happened. Note, also, that it is only two little has changed no more than 500 stock — and the local population is 1.2-billion Chinese! So, I wait for the Chinese to allow its currency to float against other currencies and for stock-market incentives that come rumored to be genuine. One or both should happen this year. And how an American investor seize the opportunities? One way I am exploring investment in companies domiciled overseas Chinese communities such as Bangkok, Singapore, Vancouver, business etc. in China or Chinese. The Chinese consider the overseas Chinese almost like their own, giving the country outside of the bed to other nationalities. Search some companies which invest and alerts investor has found an entry point to the Chinese market. How to invest more? In addition to various Asian mutual funds, I'm reminded of what John Templeton was in 1942. The stock market in New York was depressed for the Great Depression and World War II. With a modest amount of money Templeton bought 100 shares each of the shares in New York Stock Exchange to sell for less than $ 1.00. He are held them for a good long while, and although some companies will not survive, he bought in huge bulk so cheap that he had made a fortune. Today many Chinese B-shares sold in the New York Stock Exchange as ADRs for small sums. A similar procedure can purchase all the shares and hold them thick and thin. Five, ten, fifteen years with a good chance that this is one of the best investments an investor will ever make.
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