posted
Thid bodes well for any philippine company. More investors might sink their teeth into the RP if they know their investments are safe.
Standard & Poor's raises RP's sovereign rating
STANDARD & Poor's revised its outlook on the country's sovereign credit rating to "stable," from "negative," on Thursday night, lauding "improved chances" for fiscal consolidation and stabilization of the country's debt dynamics.
In a statement from Singapore, S&P said its assessment came in the wake of better-than-expected 2005 fiscal performance and the recent implementation of the expanded value added tax.
The rating agency said its assessment on the Philippines - currently at three notches below investment grade or BB- on foreign currency debt and BB+ on local currency debt - could even rise if government revenues would improve and public sector reforms deepened.
"If however the process lapses, or becomes derailed by political imperatives, the outlook could again come under downward pressure," it warned.
Based on S&P's ratings definition, an obligor rated BB is less vulnerable to nonpayment than other speculative issues. However, it faces major ongoing uncertainties and exposure to adverse business, financial, or economic conditions which could lead to the obligor's inadequate capacity to meet its financial commitments.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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posted
Has anybody else talked to the company? It was hard for me to understand her, but when I asked about the unlimited authorized shares she said,we have to raise about 2-5 million to get the drilling going... Then thats when she said there will be a (big) PR on tuesday....hmmm
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posted
I went to school for Tagalog(filipino) and spent 6 months there, if she said anything crazy lemme know maybe I can decipher it. Remeber there is also a 13 hours time difference. 6pm here is 5am there.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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quote:Originally posted by SuperSniper00: I went to school for Tagalog(filipino) and spent 6 months there, if she said anything crazy lemme know maybe I can decipher it. Remeber there is also a 13 hours time difference. 6pm here is 5am there.
If you can, Give her a call at the # I posted, see what she tells you... she does speek english... just not good...
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posted
most of the country speaks english, even on some of the backwoods islands i went to where i was the first white person they have ever seen, they spoke english. she definately would if she works for the business and is in Makati.
BTW whats up with the low volume?????
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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quote:Originally posted by SuperSniper00: I went to school for Tagalog(filipino) and spent 6 months there, if she said anything crazy lemme know maybe I can decipher it. Remeber there is also a 13 hours time difference. 6pm here is 5am there.
cool... the # I called was a Ca.# 650-814-3268
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posted
I would assume if volume picks up price will go up too. 170mil was traded in the first half hour of the day. only about 100mil traded since then, which is why there is a flat line...no buying or selling at all.
does this sound right to you guys?
if i had more money i would probably buy more shares right now
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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posted
Im trying to change by price to sell and Etrade is telling me I cant even do that...LOL Im on hold with them again for another 45 minutes....I just signed up with Ameritrade>>>>How are they..Ive been with Etrade for a while now but have been running into issues like this the past few months. IS this only an Etrade issue???
-------------------- Hurry up and wait.
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