LYCOS RETRIEVER 
Philippines
built 657 days ago
The Philippines is open to foreign portfolio capital investment. Foreigners may purchase publicly or privately issued domestic securities, invest in money market instruments, and open peso-denominated savings and time deposits. Like direct equity investments... portfolio investments in publicly listed firms may be constrained by applicable foreign ownership ceilings stipulated under the Foreign Investment Act (FIA) and other laws. While the securities market is growing, it remains small and relatively underdeveloped, not yet able to offer investors a wide range of choices. Except for a number of major firms/conglomerates, long-term bonds and commercial paper are not yet major sources of long-term capital. In 2004, President Arroyo signed two bills into law to help spur the development of the Philippine capital market.
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The full-scale war to regain the Philippines began when General Douglas MacArthur landed on Leyte on October 20, 1944. Filipinos and Americans fought together until the Japanese surrendered in September 1945. Much of Manila was destroyed during the final months of the fighting, making it the second most devastated city in World War II after Warsaw. In total, an estimated one million Filipinos lost their lives in the war.
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Alpharetta, Georgia, USA, 01 July 2005/PRNewswire/ -- Schweitzer-Mauduit International, Inc. (NYSE: SWM) today announced the completion of the acquisition of the tobacco-related paper manufacturing assets of KCPI, a Philippines company. The assets acquired include buildings, production equipment and related utilities, and support assets. The total acquisition cost was USD 12.1 million, including a working capital adjustment, funded through existing bank lines of credit. The acquisition is not expected to have a significant impact on Schweitzer-Mauduit's 2005 financial results.
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The blast at the Philippines' legislature appears to have targeted a lawmaker at odds with the Islamic terror group Abu Sayyaf. But with political violence in the Philippines so widespread, its real cause may never be known
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For those seeking cultural enjoyment, there is a regular performance of plays, ballets and concerts at the Cultural Center of the Philippines. Most of the performances are a pleasure to watch as they cover musicals, comedies and classics as well as children's plays. Besides the Cultural Center of the Philippines, there are some other popular theaters namely the Meralco Theater, Metropolitan Theater, William J. Shaw Theater and Rajah Sulayman Theater.
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For info on young adult fertility and sexuality in the Philippines, you can visit www.yafs.com. Regarding teenage pregnancy in the Philippines, the 2003 National Demographic and Health Survey shows that 8% of women 15-19 have begun childbearing, 6% are already mothers while 1.8% were pregnant with their first child.
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