The Camella and Palmera Homes Bond Default of the 90s

Below is an article that reminds us of why some people who bought CMP, or Camella and Palmera bonds in the 90s are scoffing at Manny Villar’s election jingle “nakaligo ka na ba sa dagat ng basura”, and singing their own version, “nakaligo ka na ba sa bonds na basura” May 2nd, 2010 by Manuel […]

Daily Market Notes January 13, 2010

PSEi                 3,096.70         DOWN    8.92VALUE PHP         3,710,995,225.91 DOW     36.73 -0.34% 10,627.26NASDAQ 30.10 -1.30% 2,282.31S&P 500 10.76 -0.94% 1,136.22As expected, Alcoa's weak results resulted in an excuse to sell for global markets mostly higher on majority of 2010's trading days. Fueling a deeper Asia drop was China's act of raising the bank reserve ratio after allowing bill […]

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