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PSE Index May 24, 2013

Close: 7268.91 Change: -45.47

Volume: 887 million shares Value: P7.130 billion

Latest

Brazil cancels $900 million in African debt 11:06PM May 25

Wall Street Weekahead: Investors look for signs in the rally's break 10:30PM May 25

Yahoo joins growing list of bidders for Hulu: Reuters sources say 5:11AM May 25

IMF's Lagarde escapes formal investigation in French case 4:30AM May 25

Opinion

John Maynard Keynes, fertility, and growth

“Keynes was a homosexual and had no intention of having children. We are NOT dead in the long run … our children are our progeny.” This tirade came from Niall Ferguson, the financial historian, Harvard professor and pundit, speaking in the third capacity at an investor conference two weeks ago. Though largely misguided, part of that comment is interesting. The idea that fertility has something to do with economics is due for a revival.

In BRIC prosperity without power reigns

What was journalist James Rosen thinking?

Next wave US education: Massive, open, online disruption

Does inequality help growth—or hurt it?

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Money & Banking

Over 50% of P1.9T in SDA facility seen shifting to trust accounts — Monetary Board official

More than half of the money now in central bank special deposit accounts might move to trust accounts and deposits from investment management agreements after Bangko Sentral ng Pilipinas set limits on accessing the facility, a Monetary Board official told reporters on Friday.

HSBC calls for faster banking reforms

Over 50% of P1.9T in SDA facility seen shifting to trust accounts — Monetary Board official

The deeper agenda behind 'Abenomics'

Bangko Sentral to monitor banks' business risk compliance more closely

Swiss seek to facilitate restitution of dictator loot

PHL stocks' valuations worrisome — Goldman Sachs

Goldman Sachs sees Philippine stocks continuing its climb this year, but the local bourse may no longer become the best performing in Asia given its high valuations. Managing director for global investment research Christopher Eoyang said the Philippines has a “good economic story” that attracts investors, but claimed equity valuations have become too expensive.

Brazil cancels $900 million in African debt

Wall Street Weekahead: Investors look for signs in the rally's break

IMF's Lagarde escapes formal investigation in French case

U.S. stocks: Wall Street slips on Fed stimulus uncertainty; P&G jumps

U.S. economy: Durable goods orders rise, point to factory resilience

AGI subscribes to 25% of Megaworld's capital hike

Andrew Tan-led Alliance Global Group Inc. is subscribing to 2.5 million common shares of the capital stock increase in unit Megaworld Corporation, a transaction that is valued at P10.725 billion.

Yahoo joins growing list of bidders for Hulu: Reuters sources say

Tiger Global invests $50M in Automattic's WordPress

Bausch & Lomb near $9B sale to Valeant: source

Employers' group asks government for labor reforms

AirAsia, ZestAir consummate cash, share swap deal

Sound economic fundamentals to cushion PHL from negative effects of US recovery

Sound economic fundamentals will spare the Philippines from the negative ripples of a looming US recovery that may prompt the Federal Reserve to scale back its bond buying program which unleashed further money flows into emerging markets, the central bank chief said Friday.

Mindanao seeks more renewable energy to balance power supply mix

PHL econ chief Balisacan: Q1 output 'on track'

Peso strengthens on profit-taking

PSEi close lower for 2nd successive trading day on imports, US Fed

IMF chief grilled for 2nd day over 2007 payout scandal

DA exec: Govt eyes expanded monitoring of rice-based food items from China

The government's monitoring of rice from China for traces of cadmium may be expanded soon to include rice-based food items such as bihon (rice noodles), a Department of Agriculture official said Friday.

PHL plans to build fishport on northeast coast

DA exec: Govt eyes expanded monitoring of rice-based food items from China

U.S. revises meat-labeling rules to satisfy WTO ruling

P10M worth of smuggled rice seized in Davao, BOC on 'intensified mode' vs smuggling

PHL and Taiwan may soon forge fisheries agreement – Agri chief