John Paul H. Flores August 28, 2015
BSA – 4A
REACTION PAPER IN ADVANCED ACCOUNTING III

The article entitled “BSP prepares market for auction of term deposits” written by Lee C. Chipongian last August 24, 2015 in Manila Bulletin. It is all about the trends at the Philippine Stock Exchange (PSE) and the percentage updates regarding the stocks in different kinds and status.

Based on their website, The Philippine Stock Exchange (PSE) is the only stock exchange in the Philippines. It is one of the oldest stock exchanges in Asia, having been in continuous operation since the establishment of the Manila Stock Exchange in 1927. It currently maintains two trading floors, one at the PSE Centre (Tektite), Ortigas Center in Pasig City, and one at its principal office at the Ayala Tower One in Makati City''s Central Business District. The PSE is composed of a 15-man Board of Directors with Jose T. Pardo as Chairman. Trading in the PSE is a continuous session from 9:30AM to 3:30PM daily with a recess from 12:00PM to 1:30PM.

Nowadays, large portion of investors came from aged 18-30 and 31-44 years old. The age bracket whereas students, fresh graduates, newly licensed professionals, first-timer businessmen belongs. It reflects that people at their young age are financial literate and risk takers to enter to this kind of industry. Also with the help of technology or what do they called Online Trading Services you can easily established your online account and get a chance to be part of their corporation as an investor. List of accredited online trading brokers in our country is available in the Internet. Through surfing the Internet I found out that there are only easy steps to be followed and by depositing your investment you’re now already a stockholder. Not all online brokers require minimum amount of investment just like BPI Trade that doesn’t require minimum investment provided you have funds in BPI direct Bank account.

Internet must not be all about social media and trends but it should be more useful and interesting where we can enjoy as well as we earn money at our young age. This kind of industry must be young Filipino professionals be involved. We are not only helping ourselves but also the status of the Philippine economy. Having a large portion of young investors can attract more opportunities for our countries globally, which can help the financial and economic stability of the Philippines in terms of international trade including imports and exports. Foreign investors will trust our economy because they know that Filipinos are financial literate and wise in terms of stock market investments.

Reference: http://www.pse.com.ph/corporate/home.html ; http://www.bpitrade.com
http://philpad.com/list-of-accredited-online-trading-brokers-in-the-philippines/