Food Safety Management Forum

July 28, 2011

Dear Members,

The TUV SUD PSB Philippines, Inc. through your Chamber-- the OROCHAMBER, is pleased to invite you or your representative to attend the upcoming Food Safety Management Forum which is set on August 18, 2011 at 9:00am-11:30am at the OROCHAMBER Business Development Centre, Macapagal Drive, Pueblo de Oro Township, Cagayan de Oro City.

As the leading Testing, Certification and Inspection firm with headquarters in Germany, TUV SUD PSB will try to help local companies achieve quality, safety and competitiveness through experience sharing and advisory.

THIS IS A FREE-OF-CHARGE FORUM for Chamber members in good standing while other members will have to pay Php 200 each.

Due to the limited availability of seats, we could only allow one (1) representative per company.

For further inquiries and confirmation, please feel free to call us at (088) 859-1426 / 859-3016 or email us at orochamber@gmail.com.
Thank you for your active support!

Very truly yours,

ANTONIO D. UY
President

Philippine Markets: 28 July 2011

28 July 2011 

USD/PhP:          42.22 (as of 12:00pm)        PSEi:             4482.80                        - 0.09 
USD/JPY:           77.85                        PFINC:                   1020.82                        + 2.00 
EUR/USD:         1.4353                        BDO:                  63.70                        + 0.45 
GBP/USD:         1.6421                        BPI:                  59.25                        unch 
PDSTF3M:         2.4827                        MBT:               77.10                        + 0.15 
Prices as of  12:00pm                        Source: Bloomberg, Reuters 


Local shares closed unchanged 

PSEi closed almost unchanged from yesterday's session, just down by 0.09 points to close at 4482.80 despite the 1.59 percent drop in US Dow Jones last night.  US equities weakened last night as lawmakers remained in deadlock over the US debt ceiling issue.  Asian equities were also down today  by 0.50% - 1.50% as of this writing due to uncertainties in the US.  However, local markets showed resilience despite bloodbath in other countries as investors remain optimistic on earnings prospects.  Local markets await BSP monetary decision today wherein most analysts expect benchmark rate to remain unchanged at 4.50% 


BDO UNIBANK, INC. 

Jonathan Ravelas
Chief Market Strategist
(632) 858-3145

Rhys Cruz
Junior Researcher 
(632) 858-3001