Emeterio Sd. Perez

WHAT could possibly happen if all foreigners who trade on stocks listed on the Philippine Stock Exchange decide to move their money out of the country and take it elsewhere in Asia? Such exodus may be seen as a remote possibility at the moment. Nevertheless, the Filipino public traders should be ready for any such eventuality as they must know that some of the rich families who own businesses in this country are in the market primarily to save taxes when issuing shares to themselves.

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