...Joy Ruth V. Ecleo FMA11FA1 FIN 001 Reaction Paper On,July 23,2014 The section of FMA11FA1 of TIP College of Business held on educational tour in Bangko Sentral ng Pilipinas for the purpose of bonding with friends, to learn new things and mainly to see first hand the process of making money. We went to Bangko Sentral ng Pilipinas. When we enter the BSP, I noticed that the building is highly secured. We are restricted to bring cellphones, cameras, gadgets and our bags and we're only allowed to bring personal belongings. First Our tour guide shows us the different series of banknotes like the Bagong Lipunan series banknotes, New design series banknotes, New Generation banknotes and some various overprints. Then our tour guide takes us to a briefing room where he shows us different videos about the Evolution of Philippine Money and the process of how to make banknotes and making coins. I learned a lot and also the videos were useful since it includes the security features in the new generation banknotes so now I know what to look for in the new generation banknotes to define if it is real or fake. Next is she took us to a floor where we can see the BSP employees do their job as they work on their workplace making the e-passports. Our tour guide explains that it is called electronic passports because it has a silicon chip where all the personal information is put. We're also showed the different facilities making the banknotes from the start to the sheet-cutting and ending...
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...had. First day, we went to our first destination. Welcome Manila! Welcome fun! Welcome new learning! Welcome everywhere! That was the first reaction I had when we are about to enter to our first tour. We visited the Luneta Park which signifies that we really reached the center of the Philippines then take some picture souvenirs together with our National Hero to be followed by our next destination in the Philippines National Museum where the displays are almost a century year of stone, metal and chemical ages and etc. remembering the great achievements had by our ancestors that are able to preserved it through the years again we take some picture for remembrance. In our next day, we went to our second destination. Welcome Bangko Sentral ng Pilipinas- SPC! When we enter the BSP-SPC, I noticed that the building is highly secured. Our tour guide takes us to a session room where she shows us different videos about the Evolution of Philippine Money and the process of how to make banknotes and making coins. I learned a lot and also the videos were useful since it includes the security features in the new generation. We really had a great time touring the place of BSP, it’s one of my best achievements to enter there and it’s really wonderful. Followed by our next destination which is the House of the Representative that makes me amaze when I saw their hall it’s my pleasure to hear those speeches, hearings, speakers where I could only hear them through TV but that time, it made me...
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...Total foreign investments (FI) approved in the third quarter of 2012 by the investment promotion agencies (IPAs), namely: Board of Investments (BOI), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA), Subic Bay Metropolitan Authority (SBMA) as well as the Authority of the Freeport Area of Bataan (AFAB), BOI-Autonomous Region of Muslim Mindanao (BOI-ARMM), and Cagayan Economic Zone Authority (CEZA) amounted to PhP 17.7 billion, 36.7 percent lower than the PhP 28.0 billion recorded in Q3 2011. Meanwhile, total approved foreign investments for the first nine months of 2012 reached PhP 86.1 billion, down by 4.7 percent from previous year’s PhP 90.3 billion. The top three investing countries for the third quarter of 2012 were Cayman Islands, Japan, and Singapore. Cayman Islands bested other countries as it pledged PhP 4.8 billion or 27.3 percent share during the quarter. Following behind are Japan and Singapore, committing PhP 4.2 billion and PhP 1.3 billion, or 23.7 percent and 7.4 percent of the total approved FI, respectively, during the quarter. Manufacturing remains the top industry to receive investments as its share to total foreign commitments reached PhP 6.7 billion or 37.6 percent share during the quarter. Electricity, gas, steam and air conditioning supply came in second with investment pledges valued at PhP 4.9 billion, contributing 27.5 percent, followed by administrative and support service activities at PhP 2.1 billion or 11.9 percent...
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...fairly with business partners; and * ensuring optimum returns for our stock holders. II. Nature of Business Asia United Bank Corporation (AUB) is among the very few commercial banks that was granted a full-branch license in 1997 and is operating until this day. AUB was registered with the Securities and Exchange Commission (SEC) on October 3, 1997. Its registered office and principal executive offices are located at Joy-Nostalg Center, 17 ADB Avenue, Ortigas Center, Pasig City, Philippines. AUB was granted the authority to operate as a commercial bank under the Monetary Board (MB) Resolution No. 1149 dated September 3, 1997 and commenced operations on October 31, 1997. In 2012, it obtained approval from the Bangko Sentral ng Pilipinas (BSP) to upgrade its license into expanded commercial banking status. In 2013, the Bank was granted an authority to operate as a universal bank under MB Resolution No. 356 dated February 28, 2013. The universal banking license authorizes, AUB, in addition to its general powers as a commercial bank, to exercise the following: (1)...
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...and Industry, and the SB Corporation shall be jointly responsible in organizing activities for the event.” Mayor declares 2nd week of July as MSME week in Davao City http://www.pia.gov.ph/news/index.php?article=1561341210151 (posted July 3, 2012) Spearheaded by the Davao City MSME Development Council, several activities are lined up for the celebration slated from July 9 to 13. 1. MSME Week Exhibit at the Davao City Pasalubong Center and Abreeza Ayala Mall, 2. Seminars and trainings for MSMEs, financing forum and food safety seminar in public markets: * Solid Waste Management Seminar by the City Environment and National Resources Office; * Knowing Your Currency and Briefing on the Credit Surety Fund by the Bangko Sentral ng Pilipinas, * Techno-Demo on Scented and Decorative Candle Making by the Department of Science and Technology XI, * Financial Management Seminar by Department of Trade and Industry – Davao City Field Office; * Branding and IPO Seminar, How to Start a Business and Simple Bookkeeping Seminar; * and Anti-Corruption & Integrity Initiatives Seminar by the Davao City Chambers of commerce and...
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...consolidated into 12. Three new pawnshops that have complied with the requirements but are still waiting for their registration certificates brought the total respondents to fifteen. Registered pawnshops in province of Albay but located outside Metro Legazpi were not included in the list of respondents. Financial condition, management practices, and the clients' perspective were likewise not considered in the study. Sources of Data The primary source of data was the information generated through the survey questionnaires distributed to the owners and staff of the different pawnshops in Metro Legazpi. The secondary source of data came from the files and records of the Department of Thrift Banks and Non-Bank Financial Institutions, Bangko Sentral ng Pilipinas. Additional data were also culled from the related manuals, circulars, memoranda, books, periodicals, and other related literatures and studies reviewed. Methodology The study employed the triangular method in the instrumentation process - interview, questionnaire and observation. Two...
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...consolidated into 12. Three new pawnshops that have complied with the requirements but are still waiting for their registration certificates brought the total respondents to fifteen. Registered pawnshops in province of Albay but located outside Metro Legazpi were not included in the list of respondents. Financial condition, management practices, and the clients' perspective were likewise not considered in the study. Sources of Data The primary source of data was the information generated through the survey questionnaires distributed to the owners and staff of the different pawnshops in Metro Legazpi. The secondary source of data came from the files and records of the Department of Thrift Banks and Non-Bank Financial Institutions, Bangko Sentral ng Pilipinas. Additional data were also culled from the related manuals, circulars, memoranda, books, periodicals, and other related literatures and studies reviewed. Methodology The study employed the triangular method in the instrumentation process - interview,...
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...ADVISOR OF THE GOVERNMENT ARTICLE II - THE MARKETING AND STABILIZATION OF SECURITIES FOR THE ACCOUNT OF THE GOVERNMENT A. THE ISSUE AND PLACING OF GOVERNMENT SECURITIES SECTION 117. Issue of Government Obligations. — The issue of securities representing obligations of the Government, its political subdivisions or instrumentalities, may be made through the Bangko Sentral, which may act as agent of, and for the account of, the Government or its respective subdivisions or instrumentality, as the case may be: Provided, however, That the Bangko Sentral shall not guarantee the placement of said securities, and shall not subscribe to their issue except to replace its maturing holdings of securities with the same type as the maturing securities. 117.1 Legislative History This is taken from Section 122 of Republic Act No. 265, with modification. Under RA No. 265, the issue of government securities by the Central Bank as fiscal agent of the Government was mandatory. In contrast, the use of the word “may” in Republic Act No, 7653 shows the intent to make the issue of such securities merely permissive and non-exclusive to the Bangko Sentral. ARTICLE II – REPUBLIC ACT NO. 265 CENTRAL BANK ACT OF 1948 Section 122. Issue of Government obligations. – The issue of securities representing obligations of the Government, its political subdivisions or instrumentalities, shall be made through the Central Bank, which shall act as agent of, and for the account of, the Government or its respective...
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...Swapping of PNB-Allied shares to complete merger MANILA, Philippines—Philippine National Bank plans to offer new shares to all stockholders of Allied Bank at P70 per share pursuant to the merger between the two banks via a share-swap. PNB plans to offer 423.96 million common shares worth a total of P29.68 billion to Allied Bank shareholders, based on the bank’s application for registration of securities at the Securities and Exchange Commission. This offer was based on the exchange ratio of 130 PNB common shares for each Allied Bank common share and 22.763 PNB common shares for each Allied Bank preferred share. As a result of the merger, PNB will have a combined outstanding capital stock of 1.086 billion common shares of which 423.96 million new common shares are issued to Allied Bank stockholders with an issue value of P29.68 billion. An application to list the new shares is expected to be submitted to the Philippine Stock Exchange before the end of this month. While PNB and Allied Bank executed their merger last February, this offer will complete the consolidation of shares into PNB which will be the surviving bank. “The merger marks a special milestone for both PNB and Allied Bank. The synergies arising from the broadened network, diversified deposit base and improved scale will provide a compelling value proposition for their various stakeholders,” PNB said in the regulatory filing. “In creating the country’s fourth largest privately -owned bank, the merged bank will...
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...Introduction It is said that Pawnbroking is the oldest source of credit. (Caskey, 1994) Pawnshop loans are small, short-term, collateralized loans typically used by low-income consumers. Despite their small principal, however, pawnshop loans are an important tool that many customers use to manage their monthly finances during financial shortfalls. (Carter and Skiba, 2012) In the Philippines, Pawnshop is one of the financial service providers (FSP) that are helping to increase the access to financial services of underserved and unserved. For many Filipinos, pawning is the most convenient way to raise money, easier than securing a bank loan. In the Bangko Sentral ng Pilipinas Report on the State of the Financial Inclusion in the Philippines in 2011, the Banking sector is accounted for more than 80 percent of the total resources of the financial system. This means that the 20 percent are shared by other service providers such as pawnshops, money changers, remittance agents and FX dealers. Some municipalities in the Philippines have no banking presence but have access to pawnshops. While pawnbroking is the main business activity of pawnshops, nowadays many pawnshops are engaging into other auxiliary businesses such as money changing, remittance facilitation, foreign exchange dealership, and bills payment facilitation. Moreover, few pawnshops are offering cash in-cash out centers and offer mobile banking services. Financial economists have produced a large number of theoretical...
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...Engineering the Impossible: A Film Analysis The documentary “Engineering the Impossible” features three ‘impossible’ superstructures that would define the world’s grandest architecture and engineering: Millennium Tower, Freedom Ship, and Gibraltar Bridge. David Nelson, one of the key designers, designed Millennium Tower to be a city within a city, hosting its own hospitals, schools and a range of entertainment and retail options large enough to attract and keep the traffic necessary for the financial success of such an endeavor. Its designers calculate that this structure would represent the best solution to the world’s population explosion. Freedom Ship, designed by Norman Nixon, would be the world’s first mobile community and would house more than 60,000 people whose dream is to travel the world without leaving the comforts of their home. Its passengers would circle the globe within two years with no need of a traveling backpack as the ship would contain all of the features that any modern city might have. Gibraltar Bridge, designed by T.Y. Lin, spanning 9 miles over the Straits of Gibraltar at the entryway to the Mediterranean, would serve as the first modern structure to bridge two continents together, starting from Morocco in Northern Africa to Spain in Southern Europe. According to its designers, the success of such an impressive design is expected to contribute to both of the continents’ tourism industry and economy. On the other hand, engineering the ‘impossible’ would...
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...Elpidio Quirino Ang Ikaanim ng Pangulo ng Republika ng Pilipinas Abril 17, 1948 – Disyembre 30, 1953 Tala ng kanyang Buhay Araw ng pagkasilang: Nobyembre 16, 1890 Lugar na sinilangan: Vigan, Ilocos Sur Ama: Mariano Quirino Ina: Gregoria Rivera Maybahay: Alicia Syquia Mga Anak: Armando, Norma at Fe Araw ng kamatayan: Pebrero 29, 1955 Lugar kung saan namatay: Novaliches, Quezon City Edad nang mamatay: 65 Edukasyon * Elementarya at Mataas na Paaralan * Mababang Paaralan ng Aringay, La Union * Mataas na Paaralan ng San Fernando, La Union * Mataas na Paaralan ng Vigan, Ilocos Sur * Mataas na Paaralan ng Maynila (1911) * Kolehiyo * Batsilyer ng Abogasya, Kolehiyo ng Abogasya ng Pamantasan ng Pilipinas (1915) * Doktor ng Abogasya, honoris causa, Pamantasan ng Maynila noong Abril 17, 1948 * Doktor ng Abogasya, honoris causa, Pamantasan ng Maynila noong Pebrero 12, 1949 * Doktor ng Abogasya, honoris causa, Fordham University, New York noong Agosto 12, 1949 * mga nagawa at mga programa * Tala sa Kasaysayan: Mga Nagawa at Programa na Naipatupad * May taguring Arkitekto ng Pambansang Ekonomiya. * Nagtrabaho bilang kawani sa Maynila Police Department upang matustusan ang pag-aaral. * Nagtrabaho sa Kawanihan ng Mga Lupain. * Personal na Kalihim ni pangulong Quezon, komisyonado ng Pilipinas at Senado. * Naging kinatawan ng Ilocos Sur sa Pambansang Asembleya. * Kinatawan ng Pilipinas sa International Bar Conference...
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...NAMUMUNO NG AGOO LA UNION MUNICIPALMAYOR : HON. SANDRA Y. ERIGUEL MUNICIPAL VICE MAYOR: HON. HENRY B. BALBIN MUNICIPAL COUNCILORS HON. VIOLETA L. BALBIN HON. DOMINADOR P. RIVERA HON. PRISCILLA B. KOMIYA HON. LEONARD O. BULATAO HON. RICARDO P. FRONDA HON. REYNALDO V. OLLER HON. RENATO D. BALDERAS HON.ROMANO F. NINALAGA Mga tanawin ng Agoo: Mga Festival ng Agoo: Mga Best: * 11 guro pinarangalan ng Quirino Foundation MANILA, Philippines – Bilang pag-alaala sa ika-125 kapanganakan ng ika-anim na pangulo ng Republika, na isa ring naging guro sa isang baryo, kinilala ng President Elpidio Quirino Foundation at Department of Education ang labing-isang guro na nagpakita ng katangi-tanging dedikasyon at nakapag-ambag ng malaking kontribusyon sa pagpapalaganap ng edukasyon para sa kabataang Pilipino sa nakalipas na taon. Sa pamamagitan ng Guro to Pangulo Awards, nilalayon ng PEQ Foundation na bigyang parangal ang mga guro mula sa labing-walong elementary, sampung high school, at isang state university na nagdadala ng pangalan ni Quirino sa buong bansa at nagpamalas ng kahusayan sa larangan ng edukasyon, youth welfare & development. Ginanap ang pagkilala sa mga guro kamakailan sa Kalayaan Hall ng Palasyo ng Malacanan. Ang labing-isang guro na tumanggap ng Guro to Pangulo Awards ay sina: Orden Cayso mula Irisan Baguio City; Evangeline Dasalla, Sultan Kudarat; Maria Concepcion Domingo, Cabarroguis, Quirino; Mary Jane Donesa, Davao City; Rita Imbang, Irisan...
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...History 1900 | Act No. 52 was passed by the First Philippine Commission placing all banks under the Bureau of Treasury. The Insular Treasurer was authorized to supervise and examine banks and banking activities. | | | February 1929 | The Bureau of Banking under the Department of Finance took over the task of banking supervision. | | | 1939 | A bill establishing a central bank was drafted by Secretary of Finance Manuel Roxas and approved by the Philippine Legislature. However, the bill was returned by the US government, without action, to the Commonwealth Government. | | | 1946 | A joint Philippine-American Finance Commission was created to study the Philippine currency and banking system. The Commission recommended the reform of the monetary system, the formation of a central bank and the regulation of money and credit.The charter of the Central Bank of Guatemala was chosen as the model of the proposed central bank charter. | | | August 1947 | A Central Bank Council was formed to review the Commission’s report and prepare the necessary legislation for implementation. | | | February 1948 | President Manuel Roxas submitted to Congress a bill “Establishing the Central Bank of the Philippines, defining its powers in the administration of the monetary and banking system, amending pertinent provisions of the Administrative Code with respect to the currency and the Bureau of Banking, and for other purposes. | | | 15 June 1948 | The...
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...The Philippine property market remains vibrant, with strong economic, growth boosted by robust domestic consumption and increases in government spending. During the year to end-Q2 2013, the average price of a luxury 3-bedroom condominium in Makati CBD soared by 12.92% (9.98% inflation-adjusted) to PHP128,730 (US$2,938) per square metre (sq. m.), higher than the annual rises of 5.6% in Q1 2013, 8% in Q4 and 8.3% in Q3 2012, according to Colliers International. During the latest quarter, high-end residential property prices in Makati CBD increased 6.92% (6.25% inflation-adjusted) in Q2 2013, the highest increase since Q4 1995. In other main districts: * In Bonifacio Global City, the average price of a premium 3-bedroom condominium rose by 12.4% y-o-y to PHP127,575 (US$2,911) per sq. m. in Q2 2013, or a quarterly increase of 5%. * In Rockwell Center, secondary residential property prices also increased by 10.6% y-o-y and 3.6% q-o-q, to an average of PHP132,770 (US$3,030) per sq. m. in Q2 2013 Land values have also been appreciating recently. In the second quarter of 2013: * In Makati CBD, land values rose by 8.32% to PHP283,185 (US$6,462) and PHP325,275 (US$7,423) per sq. m. During the latest quarter, land prices increased by 2.06% in Q2 2013. * In Ortigas Center, land values increased by 6.45% to a range from PHP104,925 (US$2,394) to PHP171,860 (US$3,922) per sq. m. Quarter-on-quarter, land values rose by 1.75%. * In Bonifacio Global City, land values...
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