MGA OBISPO SA TOP 100 STOCKHOLDERS BILYUN BILYONG INVESTMENTS. BAKIT HUMIHINGI PA SA PCSO?

What a lot of people do not know, though, is that part of the Church's wealth is its investment in the stocks of several Philippine companies. In fact, reports submitted to the Philippine Stock Exchange (PSE) show that the Church and affiliate Catholic groups are the top stockholders in companies such as the Bank of the Philippine Islands (BPI), Philex Mining Corporation (PX), San Miguel Corporation (SMC), Ayala Corporation (AC), and Phinma Corporation (PHN), among others. The Roman Catholic Archbishop of Manila, for example, owns more than 300 million shares of BPI and is the bank's 4th largest owner. How much are these shares worth? As of May 2011, this is valued at more than P17 billion. Yes, that's seventeen billion pesos, with a B. Aside from banking, the Roman Catholic Archbishop of Manila, together with its subsidiary hospitals and companies, is also invested in mining and construction. As of March 31, 2011, it is the top 15th shareholder of Philex Mining Corporation (PX), the country's biggest mining firm. It owns 3.2 million shares of PX currently worth more than P66 million. It is also a top investor of Concrete Aggregates Corp. (CA), a supplier of construction materials such as processed aggregates, ready mix concrete and crushed sand. Its investment in CA is currently valued at around P4.5 million. The Roman Catholic Archbishop of Manila is not the only diocese invested in Philippine stocks. Other dioceses with millions of pesos worth of stock investments ...

View Count: 11 Date: January 28, 2012