BSP gives go signal for unit investment trust funds.
Byline: LEE C. CHIPONGIAN The Bangko Sentral ng Pilipinas has completed the guidelines for the reserve-free unit investment trust funds or UITFs to replace common trust funds, and put P260 billion worth of assets under third-party custodians. BSP policy-making body the Monetary Board on Thursday...

BSP extends deadline for CTF placements to Dec.
The Bangko Sentral ng Pilipinas is extending the deadline for the placements of new common trust funds or CTFs for another three months or until December 31, 2004. The Monetary Board, BSPs policy-making arm imposed the status quo to give banks time to shift from CTFs to...

BSP to raise reserve requirements on CTFs; To put them at par with bank deposits.
Byline: LEE C. CHIPONGIAN The Bangko Sentral ng Pilipinas will start raising the reserve requirements on common trust funds to make them unattractive to investors and encourage the shift to new unit investment trust funds. "Reserves will be raised to put CTFs at par with...

Ethical snakes and ladders: whether you are concerned about environmental, vegetarian or Islamic issues, there are plenty of ways to make ethical finance work for you. (ethical finance).
Concerned about social and ethical issues in your personal finances? Then you have various options. You can switch your current account from one of the high-street banks to a bank such as Triodos, which operates on ethical principles. That is a purely ethical decision. If you take out an...

Ethical finance guide: of the more than 60 financial-service companies in the UK that offer ethical investment products, 37 comply with the guidelines of an ethical fund as defined by EIRIS, the Ethical Investment Research Service. The shares that make up these funds comply with positive or negative criteria, such as environmental impact and human rights. A complete list of these funds is available from EIRIS. (ethical finance).
Before investing your savings in an ethical fund, it is sensible to speak with a financial adviser, of which there are two types: tied and independent. Tied advisers are company representatives who can only recommend their company's products. An independent financial adviser (IFA) provides advice on products offered by...

Arroyo to push 4 economic bills.
President Arroyo will push for the passage of four economic reform bills as ''priority measures during the 12th Congress to shore up the country's weakening economy,'' Malacanang said yesterday. The Personnel Equity Retirement Act, Investment Company Act, AntiMoney Laundering Act, and the Securitization Act are among the...

FIPB foils Kim Eng's India broking plans.
Byline: G Ganapathy Subramaniam NEW DELHI: Kim Eng, a leading Singapore-based securities broking group, has suffered a setback in its attempt to enter stock-broking business in India. The Foreign Investment Promotion Board (FIPB) has rejected the group's application to conduct stock broking business here since...

ICAI's timely move to redefine financial tools.
Byline: KG Narendranath NEW DELHI: True to times, the global accounting principles are now being assimilated and adopted by India Inc with a greater degree of complaisance than previously. Most big companies are doing this voluntarily, thinking that transparent accounting would indeed stand them in good stead...

Measure your nett worth.
IF YOU are ambitious, you long to be on Forbes Asia's Singapore's Richest list. It is a good practice to calculate your nett worth once a year just before you submit your income tax returns. Nett worth in simple language is what you own minus what you owe. ...

Advisor's Asset Management Appointed Sponsor of Merrill Lynch Defined Asset Funds.
MONUMENT, Colo., Jan. 18 /PRNewswire/ -- Advisor's Asset Management (AAM), a division of Fixed Income Securities, L.P. (FIS) has been appointed the successor Sponsor of the Defined Asset Funds (DAF) Unit Investment Trust portfolios formerly sponsored by Merrill Lynch. AAM now has in excess of $2.3 billion in assets...