The Money Market Association of the Philippines (MART) conducted its first mini-forum entitled “May PERA Ka Ba?” on July 14 at the Yuchengco Tower of RCBC Plaza. The forum was about the Personal Equity and Retirement Account (PERA), a bill fully enacted into law on August 22 of the previous year. The guest speaker was [...]
When I joined the Domestic Funds Management (DFM) Team of PCIBank Treasury in 1995 the unit was in between bosses. Roland came after a few weeks and immediately gained everyone’s respect, having his reputation as a good trader and treasury person preceding him. We came to learn that when he needs something he needs it quick and accurate. Coming [...]
As part of the Swiss-based Compagnie Financiere Tradition (CFT), one of the top three brokers in OTC products globally, Tradition Financial Services (TFS) was founded in 1985 with its offices in major financial centers. Tradition Financial Services Philippines, Inc. opened in November of 2008. With its brokers coming from different backgrounds and industries, this diverse mix of [...]
It was a night of network gaming for MART members as twelve teams of five trooped to the b_Connected internet café in Greenbelt 4 last April 15, 2009 to play Counter-Strike, one of the most popular network games of all time. This gave the traders a much needed break from their busy schedules. BSP’s quintet [...]
Lulu Cinco bade farewell to fellow MART directors after she accepted an early retirement package from AB Capital. She will be leaving AB capital by the end of the month. Lulu leaves AB Capital after 29 years, as its FVP and Treasurer. She has been one of the most widely-recognized market figures for the past [...]
The Money Market Association of the Philippines held its First General Assembly on April 2 at the Grand Ballroom of Intercontinental Manila. Gracing the event was Deputy Governor Nestor Espenilla. He opened his speech with a favorable statement that thePhilippines currently in a strong position to overcome the crisis. Bank lending is growing, NPL ratio has been declining and favorable [...]
A Financial Scam is a fraudulent investment operation that pays returns to investors from their own money or money paid by subsequent investors rather than from any actual profit earned. The two most often used schemes are “Ponzi” and Pyramid. The words “Ponzi” and “Pyramid” are often used interchangeably but the basic difference is that a Ponzi scheme has [...]
MART recently announced the committee chairpersons for 2009. They are: Operations - Kit Agena (MBTC) Professional Markets - Joan Policarpio (DB) Public Distribution - Roland Avante (Chinatrust) External Affairs - Jojo Dispo (FMIC) Membership - Joric Nazario (PVB) / Alex Macapagal (LBP) Education - Ricky Cebrero (EWBC) / Paul Evora (BDO) Website - Lester Castolo [...]
The Annual Election of the Board of Directors of the Money Market Association of the Philippines (MART) for the year 2009 was held last November 15, 2008 at the Willy’s Resort in the Island of Boracay, Malay, Aklan The following institutions were elected to constitute the Board of Directors for the year 2009: Bank of the Philippine Citi, N.A. [...]
As a fellow investor, I would not be surprised that the news on the current global crisis made you feel scared and confused as to what will happen and where to place your hard-earned money these days. Well, government securities such as Treasury bills (T-bills), Fixed Rate Treasury Notes (FXTNs) and Retail Treasury Bonds (RTBs) [...]
MART at 37: Bridging Stakeholders Toward an Efficient Capital Market There is a financial event happening all across the globe, affecting every major market with repercussions for the long term. It’s an event that echoes an unfortunate one some decades ago. It’s quite fortunate that many are confident, unlike then, that we now have the systems [...]
Money Market Consciousness Week Programme of Activities 10-16 November 2008 November 6, Thursday MART Outreach Program - Boy’s Town November 10, Monday Radio Station Interview “Saksi sa Double B” (8:30AM) - Joselito Ricardo G. Nazario, Treasurer, PVB (MART Past Pres.) - Lester Joseph T. Castolo, SVP, MIB (MART Treasurer) Shoptalk TV Guesting (ANC Channel [...]
Last October 3, 2008, the Money Market Association of thePhilippines, together with other financial organizations – ACI Philippines, Trust Officers Association of the Philippines and the Investment Houses Association of the Philippines, held a joint general assembly at the ballroom of the Hotel Intercontinental Manila. The meeting was a timely and a much anticipated one by the market [...]
Starting August 26 examinees from all over the country will be taking the Certification and Examination Program for Salesmen in the fixed income market. The examination period will run from August 26 till September 19, 2008 reserved for enrollees submitted and guaranteed by financial institutions. As resolved by the SEC, the provisional license awarded to FI [...]
Last July 31, 2008, the Money Market Association of the Philippinesheld its 2nd General Assembly at the ballroom of the Hotel Intercontinental. As with every MART GA, MART invited a guest speaker, which in this particular occasion was the newly-appointed treasurer of the republic, Sec. Roberto B. Tan. MART and its members looked forward to Sec. Tan’s [...]