Stocks down on profit-taking
Philippine stocks fell on Friday as investors cashed in on gains made a day earlier when shares soared following the US Federal Reserve’s upbeat assessment of the US economy.
Concerns over a bigger budget deficit in 2010 also triggered a selloff, analysts said.
The benchmark Philippine Stock Exchange index or PSEi lost 0.21%, or [...]

Big time stock market veterans might be on the verge of bid war in acquiring shares of ownership with Philex Mining (PX). Be expecting the two big group who are suspected to be responsible on Meralco’s (MER) sudden boom in price value for the past months will continue to do some bidding business!
To quote a [...]

This is an excerpt on the news published by www.gmanews.tv regarding President GMA’s undeclared wealth in houses and in stocks.

Few profitable firms
The president, according to SEC records updated as of October 2008, still has business and financial connections in at least five entities: Optima Research & Consultancy Agency, Inc., incorporator as of Sept 15, [...]

I have never profited from my office – GMA
Philstar.com – Tuesday, August 11Send IM Story Print
MANILA, Philippines – President Arroyo maintained yesterday that she has never and will never use her position for personal profit even as she strongly denied manipulating her statements of assets, liabilities and net worth (SALN) that showed her net [...]