Advertisements


We are sorry, the requested page does not exist




San Miguel slates P20-B bond issue

MANILA, Philippines – San Miguel Corp. will issue up to P20 billion in bonds to cover its refinancing requirements......»»

Category: financeSource:  philstarRelated NewsDec 14th, 2016

Corporate News: SEC approves Petron bond issue but with conditions

PETRON Corp. will have to meet certain conditions before it could start offering bonds from its P40-billion shelf offering to the investing public......»»

Category: financeSource:  bworldonlineRelated NewsOct 11th, 2016

SMIC board approves P50-B bond issue program

Initial issuance seen at P20B LISTED conglomerate SM Investments Corp. (SMIC) said on Wednesday its board of directors has approved a plan to raise P50 billion in the bond market over a span of three years to fund the group’s expansion plans. SMIC .....»»

Category: newsSource:  manilatimes_netRelated NewsSep 21st, 2016

Corporate News: SM board approves P50-B bond issue

SM INVESTMENTS Corp. on Wednesday said it has received board approval for a P50-billion shelf offering with an initial issue planned later this year......»»

Category: financeSource:  bworldonlineRelated NewsSep 21st, 2016

Corporate News: SM plans P50-B bond issue before yearend

SM INVESTMENTS Corp. (SMIC) is looking to return to the bond market before yearend with a shelf offering amounting to around P50 billion to capitalize and expand its non-core business and other subsidiaries......»»

Category: financeSource:  bworldonlineRelated NewsSep 7th, 2016

P30-B retail T-bond auction set for Sept 6

Proceeds to fund Duterte infra, social projects The government will issue next week P30 billion worth of retail treasury bonds (RTB) to fund the Duterte Administration’s infrastructure and social services projects, the Bureau of the Treasury (BTr) .....»»

Category: newsSource:  manilatimes_netRelated NewsSep 2nd, 2016

ADB raises $1.3 B from fresh green bond issue

MANILA, Philippines - Manila-based Asian Development Bank (ADB) has raised $1.3 billion more from the issuance of global green bonds, proceeds of which can b.....»»

Category: financeSource:  philstarRelated NewsAug 12th, 2016

Megaworld sets P30-B bond issue

MANILA, Philippines - Property giant Megaworld Corp......»»

Category: financeSource:  philstarRelated NewsJan 19th, 2017

Gov’t raises $2 B in 1st bond sale

MANILA, Philippines - The Philippines successfully sold $2 billion in 25-year global bonds at a rate of 3.7 percent, marking the first fund-raising activity.....»»

Category: financeSource:  philstarRelated NewsJan 19th, 2017

PH launches $2-b global bond sale

The Philippines on Wednesday launched a $2-billion global bond sale to help finance the government’s 2017 budget and repay foreign debt......»»

Category: financeSource:  thestandardRelated NewsJan 18th, 2017

P10 B eyed from STL operations

MANILA, Philippines - The government expects to raise over P10 billion this year from the expanded operations of small town lottery (STL), Justice Secretary.....»»

Category: newsSource:  philstarRelated NewsJan 17th, 2017

Despite doping scandals, Russia could bid for 2028 Olympics

div>MOSCOW (AP) — Still mired in a doping scandal and with a track team banned from international competition, the president of the Russian Olympic Committee said his country may put forth a bid to host the 2028 Games. /div> div>  /div> div>Alexander Zhukov said Friday that Russia is considering three cities as candidates for a 2028 bid, even as it battles accusations of a mass doping cover-up at the Sochi Olympics three years ago. /div> div>  /div> div>'It's hard to say now, but why not? I think it's completely possible to try,' Zhukov told state news agency RIA Novosti. 'It's not just St. Petersburg, we also have Kazan which is a possibility. It's also possible in Sochi.' /div> div>  /div> div>Bidding for the 2024 Games is still under way, with a vote in September set to choose between Los Angeles, Paris and Budapest. The 2028 host is expected to be decided in 2021. /div> div>  /div> div>Russia hosted the 2014 Winter Olympics in Sochi, spending about $51 billion on the games, but is under intense pressure following accusations of a massive doping cover-up at the games. World Anti-Doping Agency investigator Richard McLaren has said there is evidence that doping test samples given by 12 Russian medal winners at the games were tampered with. /div> div>  /div> div>The doping scandals also heavily depleted Russia's team for last year's Olympics in Rio de Janeiro. Evidence of widespread doping meant the entire Russian weightlifting team was banned and only one of the 68-strong track and field team was allowed to compete. /div> div>  /div> div>Following McLaren's report last month, a group of 19 national anti-doping agencies on Tuesday called for Russian teams to be banned from all international sports competitions and for the country to be stripped of hosting major events, including the 2018 World Cup. National anti-doping agencies, however, do not have the powers to impose such sanctions. /div> div>  /div> div>Zhukov said the anti-doping agencies were 'creating a certain backdrop, putting pressure on the federations.' /div>.....»»

Category: sportsSource:  abscbnRelated NewsJan 13th, 2017

Never ko pagsisiksikan ang sarili ko sa team na ayaw sa akin -- Gumabao

“There’s no room for growth anymore in the team.” This was how now ex-team captain Michele Gumabao summed up her decision to leave Pocari Sweat after two seasons. Gumabao, who led the Lady Warriors to back-to-back titles in the V-League last year, opened up Wednesday, just a few hours after she posted on her Instagram account that she’s officially parting ways with the club.     “It's final na talaga I will leave Pocari and join another team. Nagtapos ang contract ko January 7,” said the former De La Salle stalwart in an interview at the Adamson gym after the Lady Falcons' practice where she serves as an assistant coach. The two-time V-League Best Opposite Hitter and Reinforced Conference Finals Most Valuable Player also confirmed that she is now accepting offers from teams in the Philippine Superliga. “I'm looking for a new team, I'm entertaining new offers, I mean something that I denied myself for one year,” she added.   strong>Falling out /strong> Gumabao revealed that she and Pocari Sweat’s management are no longer seeing eye-to-eye, the main reason of her bolting out of the team she served for two years starting in 2015 when the team, then known as Philips Gold Lady Slammers, competed and won a couple of bronze medals in the PSL.         “I've been with Pocari and Philips Gold so ngayon lang talaga nagsi-sink in sa akin na aalis na ako and iba na ang magiging teammates ko sad talaga pero kailangan ko,' she said. The three-time UAAP champion continued that there are issues with her and team manager Eric Ty that they just couldn’t resolve, including compensation of players and expenses in running the team. She added that she even tried to call the attention of the management itself to air the grievances of the team being the skipper, but it all fell on deaf ears, according to Gumabao.    “Ako kasi as a player and as a person, kapag may mali lagi akong gumagawa ng solusyon. As a player ayaw kong mali ang ginagawa ko and as a coach ayaw kong mali ang ginagawa ng player ko and as a team captain ayaw kong mali ang sistema namin sa team,” Gumabao narrated. “So nagkaproblema ako with our team manager and we talked it out and hindi namin na solusyunan.' “Umakyat ako sa mga boss akala ko nasolusyunan and in the end their promises meant nothing for me so I had to leave,” she added. “Ayaw ko ng issue, ayaw ko na ako ang sinisiraan, ayaw kong ako ang masama. When I joined Philips Gold two years ago all I wanted was a happy team, you make the team happy, we make the team win and we did. We made back-to-back championships. Ang sabi ko naman, ang goal namin as a team since I entered, we achieved it together. Naging strong kami, naging maganda ang bond namin and there came to a point na lahat ng problema na minsan kahit gaano ka pa kalakas, kahit gaanon mo pa kagusto magpaka-martir hindi mo na talaga kakayanin and 'yun ang nangyari sa akin just recently.” “Hindi ko na kaya ang issues sa loob ng team with our manager hindi ko na talaga kaya intindihin paulit-ulit ang mali. I tried, I spoke up, I tried correcting, I tried working with them for one more year pero wala talaga eh and I just hope that change will come for the team ngayon na umalis ako,” she continued. “I took a stand for myself, ayaw ko na may naaaping player sa team ko by management because the management's only job is to give the team good conditions, to support the team financially and emotionally which is very important.” With unresolved issues, Gumabao felt that she can’t work with team anymore.  “'Yun lang, nawala na ang relationship ko with management so I cannot play for anybody that I'm not proud of or na hindi ko mahal na hindi ko nirerespeto or ganoon ang treatment sa akin,” she said. “So I voiced out every opinion that I could. Oo, gumawa ako ng gulo between management and me pero wala eh, they chose to keep him and they pushed me away. I'd be happy to leave, never ko namang pagsisiksikan ang sarili ko sa isang team na ayaw na sa akin.” Gumabao clarified that she holds no jealousy on teammate Myla Pablo’s multi-million 5-year contract including a brand new car as part of her signing bonus . “I’m happy for Myla I know she worked hard for whatever she signed on. I love her as a friend, as a teammate and as a sister. So hindi ako magseselos kung ibinigay sa kanya ‘yun,” explained Gumabao.          strong>Pocari Sweat to air its side /strong> With Gumabao making it public about the issues, ABS-CBN Sports tried to get the side of Pocari Sweat but the club declined to comment and will release an official statement. “We will release an official statement. Pinag-uusapan pa namin (ng management),” in a message sent by Ty.           --- Follow this writer on Twitter, @fromtheriles .....»»

Category: sportsSource:  abscbnRelated NewsJan 11th, 2017

FIFA to expand World Cup to 48 teams in 2026

GRAHAM DUNBAR, AP Sports Writer br /> ZURICH (AP) — FIFA will expand the World Cup to 48 teams, adding 16 extra nations to the 2026 tournament which is likely to be held in North America. President Gianni Infantino's favored plan — for 16 three-team groups with the top two advancing to a round of 32 — was unanimously approved Tuesday by the FIFA Council. It meets Infantino's election pledge of a bigger World Cup, and should help fund promised raises for FIFA's 211 member federations. With 80 matches instead of 64, FIFA forecasts the equivalent of $1 billion extra income at current rates from broadcasting and sponsor deals, plus ticket sales, compared to $5.5 billion revenue forecast for the 2018 World Cup in Russia. FIFA projects an increased profit of $640 million despite some extra operating costs and prize money for teams. FIFA's six continents should find out by May how many extra places they will each get. UEFA wants 16 European teams at the tournament, which is strongly favored to be played in North America. The CONCACAF region has not hosted the World Cup since the 1994 tournament in the United States. American, Canadian and Mexican soccer leaders have had informal talks about a co-hosting bid. Africa and Asia could be winners in a bigger World Cup with up to nine places each. They had only five and four teams, respectively, at the 2014 World Cup in Brazil. Still, FIFA said it expects the standard of soccer to drop compared to the 32-team format locked in for the next two World Cups in Russia and Qatar. The 'absolute quality' of play, defined by high-ranked teams facing each other most often, is achieved by 32 teams, FIFA acknowledged in a research document sent to members last month. It made 10,000 tournament simulations to reach that conclusion. Instead, Infantino wants to create fervor and months of anticipation back home in the 16 extra nations which would qualify, some probably making their World Cup debut. FIFA has pointed to Costa Rica, Wales and Iceland as examples of teams which overachieved at recent tournaments. FIFA must break with soccer tradition to make its new format work after an original 48-team plan — with an opening playoff round sending 16 'one-and-done' teams home early — was unpopular. Instead, three-team groups will replace the usual groups of four to create simple progress to a knockout bracket. However, it leaves one team idle for final group games and could risk collusion between the other two teams. FIFA said it could guard against result-rigging by introducing penalty shootouts after group games that end in draws. Despite the 16 extra games, FIFA believes the current maximum of stadiums needed will stay at the 12 used by Brazil and Russia. However, the demand for more training bases and hotels means developed countries would be better equipped to win future hosting contests. North America is the strong favorite for 2026 because European and Asian countries are blocked by a FIFA rule excluding continents which hosted either of the two previous tournaments. Russia will host the World Cup next year and Qatar in 2022. South America has been focused on a centenary tournament including original 1930 host Uruguay, and African nations are seen as lacking existing capacity and unlikely to fund multi-billion dollar infrastructure spending. .....»»

Category: sportsSource:  abscbnRelated NewsJan 10th, 2017

FIFA set to approve bigger, richer World Cup on Tuesday

GRAHAM DUNBAR, AP Sports Writer   FIFA is set to make the World Cup bigger and richer, even if the price to pay is lower quality soccer. FIFA President Gianni Infantino hopes his ruling Council will agree Tuesday to expand the 2026 World Cup to 48 nations, playing in 16 groups of three teams. A decision could be delayed if some Council members demand to know exactly how many qualifying places each continent will get before agreeing to scrap the 32-team format. It has been successful, popular and profitable since 1998 and is locked in for the next two World Cups in Russia and Qatar. The prize of 16 extra places, and the biggest increases to Africa and Asia, has 'overwhelming' support from FIFA's 211 member federations, Infantino has said. Their promise of extra funding from Zurich could also be secured by FIFA's forecast 20 percent rise in rights fees paid by broadcasters and sponsors. 'Financially, the 48-team format is the most appealing or successful simply because the sporting element is prevailing and every match is important,' Infantino said two weeks ago. 'The decision should not be financially driven, neither in terms of revenue or costs ... but the driver should really be the development of football and boosting football all over the world.' World Cup champion Germany is not in favor. It argued that diluting the number of European and South American teams — which won all 20 titles since 1930 — could 'strengthen the imbalance' seen at some tournaments. 'The (German soccer federation) fundamentally believe that the current 32-team format is the best option,' its president Reinhard Grindel said last week. Germany has no delegate at Tuesday's meeting though Grindel is set to join the FIFA Council in May. FIFA acknowledged the risk of lower standards in a research document sent to members last month, as first reported by The Associated Press. The 'absolute quality' of soccer, defined by high-ranked teams playing each other most often, is achieved by 32 teams, FIFA said, citing 10,000 tournament simulations made to reach that conclusion. Still, Infantino promised voters more World Cup places and funding raises before his election last February. FIFA expects $5.5 billion income tied to the 2018 World Cup in Russia, though 25 of 34 sponsorship slots are unsold. The research document predicted the equivalent of $6.5 billion revenue from a 48-team tournament in the '16x3' format, which would send two teams from each group to a new Round of 32 knockout bracket. All 80 matches would play in an exclusive time slot. Currently, 64 World Cup matches have 56 broadcast slots because the eight four-team groups play their last matches simultaneously. FIFA predicts organizing costs for '16x3' rising from $2 billion to $2.3 billion, giving a potential profit rise of $640 million. Though a '16x3' World Cup would still need a maximum of 12 stadiums, the demand for 16 more top-quality training camps and hotels suggests FIFA would look for 2026 hosts with existing capacity. A North American bid from two or three of the United States, Canada and Mexico is currently favored in a contest that could start within weeks. Five options are open Tuesday, including staying with 32 teams. Infantino campaigned last year on a 40-team promise, in either eight groups of five teams or 10 groups of four teams. Neither impressed voters in recent regional meetings of FIFA member federations. When the FIFA leader first proposed 48 teams, it included an opening playoff round. The 16 winners would join 16 seeded teams in a traditional 32-team group stage. FIFA members disliked 'one-and-done' teams going home before the 'real' World Cup kicks off. It would also stretch to a 39-day event with more short-notice travel for fans. Africa and Asia could be the big winners, and FIFA hopes new teams would include another Iceland, Wales and Costa Rica — over-achieving teams and feelgood stories at recent tournaments. Still, hapless Tahiti was outclassed at the 2013 Confederations Cup, conceding 24 goals in three games. 'The goal of expanding the FIFA World Cup,' it has told members, 'is to further advance the vision to promote the game of football, protect its integrity and bring the game to all.' ___ Entry quotas for 2018 World Cup: Europe 14 (including host Russia to qualify direct); Africa 5; Asia and South America 4.5 each; North, Central America and Caribbean 3.5; Oceania 0.5. .....»»

Category: sportsSource:  abscbnRelated NewsJan 8th, 2017

A guide to FIFA's options for expanding the 2026 World Cup

GRAHAM DUNBAR, AP Sports Writer   FIFA is preparing to decide Tuesday on adding 16 more teams to the 2026 World Cup for a 48-team tournament. President Gianni Infantino's favored format would break with soccer tradition to play in groups of only three teams. Two would advance from each group to a Round of 32 knockout bracket. If agreed by the Infantino-chaired FIFA Council in Zurich, the 2026 hosting contest could formally open in weeks. A co-hosted North American bid is widely seen as the best option. Here are some things to know about overhauling the greatest competition in the world's most popular sport: ___ WHY EXPAND? A bigger World Cup was an Infantino campaign promise before his election last February, when his plan was 40 teams. It might have been key. Infantino's momentum for victory in a second-round poll was a three-vote lead over Sheik Salman of Bahrain in the first. Sheik Salman had promised only to review if more World Cup teams were wanted. Infantino also pledged to give more of FIFA's money to member federations — all 211 are now entitled to $5 million from each World Cup — and send more to continental and regional soccer bodies. So, more teams also had to mean more games, earning more revenue from broadcasters and sponsors. The '16x3' format arguably works better with only group winners advancing. But that would leave total matches unchanged at 64. Infantino also wants to create fervor in the extra countries which would qualify. In the short-term, competing national teams attract more sponsors. The long-term goal is appealing to more young people who are the future players, fans and officials. Expect to hear much FIFA talk of helping the next Costa Rica or Iceland — feelgood stories at the 2014 World Cup and Euro 2016 — by inviting 16 more teams to the party. ___ 48-TEAM OPTIONS A near-consensus is growing around the '16x3' option revealed just one month ago. All 80 games would be played in exclusive time slots. That's more hours of TV exposure for sponsors and sales time for broadcasters in the same 32-day tournament period. By advancing two teams from each group, a Round of 32 ensures most teams still play at least three matches. FIFA's own analysis predicts this format will raise revenue by 20 percent from the equivalent $5.5 billion forecast from the 2018 World Cup in Russia. The flaw for purists is planning for penalty shootouts to settle drawn group matches. If each game has a 'winner' that guards against teams colluding on a mutually favorable result in the last group games. Previously, Infantino suggested an opening playoff round of 16 matches to decide who would join 16 seeded teams in a traditional 32-team group phase. That was unacceptable to many FIFA members federations who said 'one-and-done' teams were not part of a real World Cup. It also would stretch the tournament to 39 days. ___ 40-TEAM OPTIONS Infantino's plan from one year ago is now almost friendless. Either of two options, 10 groups of four teams or eight five-team groups, gives lopsided or weak match schedules, FIFA judged. In '10x4,' only 76 matches are played and only six group runners-up advance from a muddled tiebreaker process to a Round of 16. In '8x5,' the 88 matches include meaningless ones in a flabby group phase ripe for collusion. Also, the four semifinalists would play eight matches and that workload is unacceptable to European clubs releasing employees to national-team duty. ___ PROVEN 32-TEAM FORMAT Why fix something that is not broken? Germany, the defending champion, has publicly asked this question. The 32-team format and perfect 64-match bracket has worked well since being introduced at the 1998 World Cup in France (where Europe had 15 teams). FIFA acknowledged that it produces the best soccer — 'the highest absolute quality' of games pitting high-ranked teams against each other. Recall that former winners Italy, England and Uruguay were drawn in the same 2014 World Cup group — and yet Costa Rica finished top. Still, enough of FIFA's 211 members want change and their chance to play. ___ WHO WILL PLAY? A big question is likely not being resolved Tuesday. FIFA has yet to announce exactly how many entry slots each of six confederations would get for their own qualifying program. Quotas for a 40-team World Cup were proposed in December 2015 by a FIFA advisory group that included Infantino, then UEFA's general secretary. Some saw a cynical move to sweeten skeptical FIFA voters who were being asked to vote through modernizing and anti-corruption reforms on the same day they picked a new president. Then, assuming a single host nation would get automatic entry, the proposal for sharing 39 qualifying slots was: Europe 14; Africa 7; Asia 6; South America 5; North, Central America and Caribbean 5; Oceania 1; plus a final slot awarded 'based on sporting merits using a method yet to be defined.' Going from 40 to 48 can add at least one more from each continent. Who could those new teams be? On current form, maybe Wales and Panama, Congo and Burkina Faso, Uzbekistan and Oman, will bring something new to the 2026 World Cup. .....»»

Category: sportsSource:  abscbnRelated NewsJan 8th, 2017

Ayala to tap debt market with P10-B bond offering

MANILA, Philippines – Ayala Corp., the country’s oldest conglomerate, is tapping the debt market again with the issuance of P10 billion in eight-year bonds,.....»»

Category: financeSource:  philstarRelated NewsJan 8th, 2017

PDEx eyes P150 B new debt listings this year

MANILA, Philippines – The Philippine Dealing & Exchange Corp., the operator of the country’s bond market, hopes to hit P150 billion in new debt listings.....»»

Category: financeSource:  philstarRelated NewsJan 1st, 2017

Senate, Congress to dig deep into P3.5-B dengue vaccine issue

The Senate and the House of Representatives is currently conducting separate investigations on the alleged irregularities in the purchase and implementation of the P3.5 billion dengue vaccine......»»

Category: newsSource:  tempoRelated NewsDec 26th, 2016

DoubleDragon lists P5.3-B bond issue

MANILA, Philippines - DoubleDragon Properties Corp., the joint venture between Mang Inasal founder Edgar “Injap” Sia II and Jollibee Foods Corp......»»

Category: financeSource:  philstarRelated NewsDec 16th, 2016