Joseph Calata: Calata Corporation is not Under Investigation

Scandals spread everywhere are not old news anymore, especially when it comes to famous people. Here and there, one would hear about rumors pertaining to a celebrity, whether or not these rumors are proven. Most of the time, people would just speak about a certain rumor without even double-checking if they got their facts straight. These mistakes are usually because they do not take the time to hear every side of the story.

Joseph Calata, owner of Calata Corporation, is dealing with a price manipulation scandal that was accused against his 10-year-old company.  Eastern Samar Representative Ben Evardone made the appeal about the said accusation, which the Securities and Exchange Commision (SEC) answered immediately.

The trades hiked from P7.50 to P24, giving the company a market cap of P4.32B. Nevertheless, at some point of the trading, the company fell to P5.65, almost 26 percent, and declined as low as 32 percent earlier in the session, which led to the accusation of a stock manipulation. There were also assumptions that some of the stocks might have been sold to dummy accounts.
On the other hand, Joseph Calata strongly asserted that it was not Calata Corporation that was under investigation but the shares and the shareholders.

"Ang naging problema, parang ang notion ng mga tao si Calata ang ini-investigate hindi. Dahil kung ini-investigate si Calata, dapat kinakausap na kami, nilalapitan na kami. The problem was, the people's notion was that it was Calata who was under investigation. And because if Calata was the one being investigated, they would've talked to us and approached us." Calata said in an interview with ANC.

Jose Fabella, Calata Corporation's Corporate Secretary confirmed the statement of Calata during their first annual stockholders' meeting for the company. Fabella said that they have not received a copy of the said probe at all proving that they corporation is indeed not under an investigation. In fact, Calata added that they were the ones who sent a letter to the Philippine Stock Exchange (PSE) to look into the reason behind the unusual price swings. However, these sorts of movements are already beyond the control of the corporation.
"We've always believed that the price of a listed company should be market driven. So when there is trading in the Philippine Stock Exchange, the company does not or will not interfere in the performance of the stock price." added Fabella during their stockholders' meeting.

That being said, it clearly proves that the corporation is just a victim of whatever that is happening within the trades of the company  since the price trades are not in the hands of Calata Corporation, which is why the company itself is not under investigation but the shares and the shareholders are.

Joseph Calata And His Agriculture Business

Josh Calata applied advanced technology and exploration to trade farming. This young chief executive has managed the family trade in Bulacan at a youthful age of thirty, and has earned profit in the agriculture production. He began his career in 2001, and played a big part in applying technological advancement in the agricultural industry. He established a modern technique of operating the farming trade.

Moreover, it enabled efficient transactions to various farming suppliers. Josh Calata then started earning revenues after a few years of managing the family business. Many claimed that this young businessman had no difficulties in getting his well-polished shoes in the fields just to see the farmers. Earning revenues through agrochemical and other agricultural supplies was easy for him. Aside from these achievements, he also wanted to make nationwide sales, for a determined man this was not impossible to attain.

In due time, Josh Calata became one of the most recognized distributor of agriculture products in the nation. Introducing the modern method was a very wise action. He is aware that using modern methods will definitely give the business more profit. To build high income rates, a good and well-planned strategy program must be considered.

The technologigical procedures applied in the farming process puts his business ahead, which makes the company expand and employ more staff. This type of innovation made Calata Corporation one of the top in the business world. To date, the company has more than 2000 employees and offers more employment. The youthful entrepreneur is also busy with other business opportunities outside the agricultural business.

The business was originally supervised by his parents. He started his line of trade when he was still a clerk back in 2001. Through this method the company became well-recognized in the farming industry. The business is continuously growing because of the technology he applied to the business.

Moreover, the company is now the distributor of B-Meg feeds of San Miguel Corporation, Syngenta, Bayer, Sinochem, Jardine Distribution, Dupont, and Mosanto. He is more interested in administering products where farmers are mostly involved. Furthermore, he also has great faith in the company and promotes excellence with the belief that everything is possible.

Joseph Calata is the young business tycoon who brings technology and research to farming and agriculture industry. Which in turn created a better type of networking with agricultural suppliers and farmers.

-Alison Ward