Republic of the Philippines
Department of Finance
January 22, 2015
Circular Letter No.: 2015-03
To: All Insurance and Reinsurance Companies, Mutual Benefit Associations and Pre-need Companies Authorized to Transact Business in the Philippines
Subject: Recommended Values of Selected Stocks as of Year-End 2014
Please be advised of the following:
1. The conversion rate to be used for foreign currencies shall be Php44.6170 to US$1.00 or its equivalent.
2. The recommended values of selected stocks are in the attached list. For the valution of stocks not included in the list, including insurance companies, the Investment Services Division of this Commission may be furnished with complete financial statements of the issuing companies for the past three (3) years for the computation of the corresponding values.
For strict compliance.
You may view the actual document which includes the list of stocks by clicking the link below.