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The inaction of the Philippine Stock Exchange (PSE) regarding trading irregularities involving Abra Mining and Industrial Corp. has raised concerns among market investors, leading to discussions in various chat groups. And the issues that are discussed in these chat groups show how the PSE officialdom has apparently forgotten its mandate…
Many stock market investors are wondering why the Philippine Stock Exchange has not filed any court suit against the officials of Abra Mining and Industrial Corp. after it finished its probe into the sale of unissued shares of stock. And that investigation, which followed its suspension of the trading of…
The third year anniversary of the trading irregularity involving the sale of unlisted shares in Abra Mining or AR will be observed in March. This incident affected hundreds of investors, including several foreign funds, who have unfortunately been victimized. Surprisingly, despite the passage of time, the Philippine Stock Exchange (PSE)…
IN two months, the case for the high-flying speculative mining stock, Abra Mining & Industrial Corporation (AR), will be celebrating its third year in hibernation with investors stuck with frozen funds, PSE President Ramon Monzon still mum on his “white knight” idea, and the PSE board eerily quiet on the…
IN the Manila Rotary Club meeting where Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. was guest, he cited many of his to-do list to spark a vigorous capital market in the country, where he noted that the Philippines has remained a “laggard” on many fronts that include the number…