Joseph Calata: Positive on Planned Reforms in the Capital Market

The Calata Corporation recently underwent rumors of a probe against the firm due to the stock manipulation of its shares. Early this year, the Calata Corporation reached a market cap of 4 billion pesos with their astounding shares that reached 24 pesos per share. However, within the trade, the shares fluctuated and declined to as low as 32 percent, which caused the allegations of a stock manipulation in the company.

This alarmed the 31-year old CEO and chairman of the corporation, Joseph Calata, who immediately contacted the Securities and Exchange Commission to investigate the weird movements in the firm’s shares. Calata defended his company stating that they are not the ones under investigation but the traders of the company.

After four months of investigation, SEC cleared Calata’s statement that Calata Corp has no involvement in the allegations and in fact was never under investigation. SEC was also able to determine who the stock manipulators were and reportedly imposed fines on several stock brokers.

The SEC probe proved that our decision to seek the help of the regulators was both wise and right.
- Says Calata in an interview.

He also expressed his support for planned reforms in the capital market. He says that reforms are needed in order to protect the reputation of companies listing in the stock exchange and to encourage more entrants into the capital market.

SEC is now in a perfect position to put more reforms in place based on the lessons from the experience of Calata Corp.
- Added Calata.

Calata: Solution for Incompatible Farm Inputs

Being known as an agriculture-dependent country, it is important for the Philippines to take care of its environment in order to produce abundant harvests. However, recently, there had been findings that there are uses of incompatible farm inputs, including fertilizers, which threaten to cause irreparable damages to the soil. This also leads to bigger expenses and reduction of harvest for farmers. This can be very crucial since more than a half of the total of poor Filipinos depend on agriculture in order to be able to put food on their plates.

Luckily, Joseph Calata, the 31-year-old CEO of Calata Corporation, thought of a solution in order to avoid mistakes such as adding farm inputs that don’t go well with specific soil on farms. He plans to put soil testing facilities in all of his stores. These facilities will help farmers choose which fertilizers are compatible with their farms and prevent them from buying ones that will harm the environment.

The use of the facility will be for free.
- Calata pointed out.

This announcement would obviously bring good news to farmers as the facilities would really be money savers for them since it would teach them how to use their inputs wisely for free hence would help in terms of productivity.

This may be the first time that farmers are exposed to such a technology which can connote that Calata is trying to bring new technology to old school businesses, specifically in the agriculture industries. This truly shows an act of leadership in his chosen field on the part of the young tycoon.



other news about Joseph Calata can be seen on http://philippine-political-issues.blogspot.com/