Tel: (632) 811-4052 local 810
Email: cmdcphil@yahoo.com
CMDC ManifestoCMDC Remains CommittedCapital Market’s Share In the Task

CMDC Manifesto

We believe that the development of our economy requires readily available and more stable medium and long term funds to finance the capital requirements of productive enterprises which provide goods for local and export markets, create jobs and increase incomes.

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CMDC Remains Committed

To be a pro-active public-private sector partnership that is the very core of CMDC

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Capital Market’s Share In the Task

We in the capital market are eager to do our share in our own field as reflected in the Legislative initiatives herein.

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Financial Rehabilitation and Insolvency Act (FRIA)

PSE lauds new rules for financially distressed companies
THE PHILIPPINE STOCK EXCHANGE (PSE) welcomes the approval by the Supreme Court of the 2008 Rules of Procedure on Corporate Rehabilitation which replaces the Interim Rules of Procedure on Corporate Rehabilitation approved by the Supreme Court way back in 2000.

The new rules will take effect January 16, 2009. The new rules seek to improve and expedite the court procedures for petitions for rehabilitation or re-organizations of corporations, partnerships and associations in order to help debtors recover from financial difficulties while at the same time attempting to ensure fair treatment of creditors.

Mr. Francis Lim, PSE president and chief executive officer, expressed elation over this development. “The passage of the new rules is perfectly timed as some of our companies may encounter financial difficulties as a result of the ongoing global recession. It is therefore important that our bankruptcy system is ready to help our companies get back on their feet if they find themselves in such a situation,” Mr. Lim said.

“The new rules will be the counterpart of Chapter 11 proceedings in the United States pending passage by Congress of a more comprehensive bankruptcy law to replace our 1909 Insolvency Act,” Mr. Lim said further. Congress has been working on the Corporate Recovery and Insolvency Act or CRIA, which is one of the capital market-related laws being advocated by the PSE.

Personal Equity Retirement Account (PERA)

FINEX Capital Market Development Committee Comments on PERA Benefits to the Economy The FINEX Capital Market Development Committee supports the proposed retirement scheme bill, known as the Personal Equity Retirement […]

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Credit Information System Act (CISA)

Establishment of the Central Credit Information Corporation and the Credit Information Syste Background There are many users of credit data, foremost of which, are banks and other lending institutions. Credit […]

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Real Estate Investment Trust (REIT)

Shedding some light on REITs Business World The Financial Executive Column Billy Cortez March 20, 2007 This is something good for a change. As you cut through all the noise […]

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Financial Rehabilitation and Insolvency Act (FRIA)

PSE lauds new rules for financially distressed companies THE PHILIPPINE STOCK EXCHANGE (PSE) welcomes the approval by the Supreme Court of the 2008 Rules of Procedure on Corporate Rehabilitation which […]

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