http://www.reginacapital.com/ Discussions on the Philippine's Stock Market http://www.reginacapital.com/portal/index.php?option=viewpoint&id=53 In 2011, with the European Monetary crisis at its peak and the United States economic downturn at its lowest, there was speculation, that investment funds from Europe and the United States would move to the emerging markets while funds from emerging markets would remain in the emerging markets. And among emerging markets, the conventional wisdom that funds would not go to the BRIC (Brazil, Russia, India and China) countries but rather to the VIP (Vietnam, Indonesia and the Philippines). For us in the Philippines, it would seem that our time has come. http://www.reginacapital.com/portal/index.php?option=viewpoint&id=52 (Welcome Remarks of Chairman Victor S. Limlingan at the Opening of the Regina Capital Cebu Branch at the Marriott Hotel on 25 November 2011) This December, we will be celebrating the 22nd Anniversary of Regina Capital. The past 22 years have been turbulent times for the Philippine Stock Market. In 1997, we had the Asian Financial Crisis which lasted for seven years. In 2008 we had the Lehman Financial Crisis and shortly after that we had the Greek Debt Crisis of 2011. In this period, so many well-established brokerage firms both local and foreign have floundered. Regina Capital has survived. http://www.reginacapital.com/portal/index.php?option=viewpoint&id=51 Last month, we discussed the rationale and mechanics of index funds. This month we discuss a subsector of index funds, the Exchange Traded Funds. Traditionally, index funds have been open-ended mutual funds. This meant that investors can at any time require the fund managers to redeem their shares at Net Asset Value. This requirement has forced fund managers to maintain a cash buffer thus decreasing the over-all yield of the fund or selling their shares at a loss during a down market since this is the time when redemption requests are at their highest. http://www.reginacapital.com/portal/index.php?option=viewpoint&id=50 The current downturn market in the Philippine Stock Market highlights once again that when the market goes down, no stock is immune from suffering a decline in prices. This argues that since astute portfolio managers cannot buck the trend or profit in a bear market, then the rise in the price of their chosen stocks in a bull market can be attributed more to the general trend rather than to their superior investment skills. http://www.reginacapital.com/portal/index.php?option=viewpoint&id=49 Almost anyone who goes to Baguio City makes it a point to go to the store of the Good Shepherd Sisters to buy peanut brittles and ube jams either for their friends or for themselves. Very few are aware of the history of this successful business enterprise which the sisters launch so they could do good. As recounted by Sister Carmel Medalla, she was the youngest (recently completing her novitiate in the United States) and only Filipino out of a group of four sisters who came to Baguio City in 1952 at the invitation of the Bishop of the Mountain Province. http://www.reginacapital.com/portal/index.php?option=viewpoint&id=48 A perspective on knowledge and management would cover the following topics: 1) Traditional Organization Structure 2) Knowledge as the Critical Resource 3) Knowledge Organizational Structure 4) Knowledge Management 5) Knowledge Networking http://www.reginacapital.com/portal/index.php?option=viewpoint&id=47 Competition policy is now in the forefront in light of the PLDT-Digitel controversy. But even before this, competition policy has been emerging as a key policy objective of many developing countries. Its benefits in promoting increased efficiency, consumer welfare and the appropriate allocation of resources have been resoundingly proven. Moreover it has been duly noted that economies with higher levels of competition have corresponding levels of economic growth and investment http://www.reginacapital.com/portal/index.php?option=viewpoint&id=46 Firms especially foreign multinationals entering into joint ventures with the Overseas Chinese need some guidelines to assure successful partnerships. They should consider: http://www.reginacapital.com/portal/index.php?option=viewpoint&id=45 The management system of the overseas Chinese in ASEAN evolved from two major influences: their social values and their deal-making orientation. http://www.reginacapital.com/portal/index.php?option=viewpoint&id=44 While the overseas Chinese in ASEAN do business on a personal basis, the corporate vehicle they use is the Chinese trading company. Like the Japanese trading company which was established to satisfy the unique requirements of the Japanese economy and business, the Chinese trading company was established to meet the need for a corporate structure that would handle both the trading and deal-making activities of the overseas Chinese in ASEAN.