Advertisements


China s Tencent draws $41 billion orders for $5 billion bond sale

BEIJING, China – Chinese gaming and social media titan Tencent has raised $5 billion in a bond issue which attracted orders totalling more than $41 billion for its biggest dollar-denominated sale so far, Bloomberg reported Friday, January 12. The group, known for its wildly popular Honor of Kings video game ........»»

Category: newsSource: rappler rapplerJan 12th, 2018

Trump orders huge tariffs on China, raises trade war worries

WASHINGTON — Primed for economic combat, President Donald Trump set in motion tariffs on as much as $60 billion in Chinese imports to the U.S......»»

Category: newsSource:  philstarRelated NewsMar 23rd, 2018

Maiden ‘panda’ offer oversubscribed

The government raised 1.46 billion renminbi (RMB) on Tuesday from its maiden “panda” bond sale amid “overwhelming demand” from both offshore and onshore investors, the Investor Relations Office (IRO) announced in a press statement on Tuesday......»»

Category: newsSource:  interaksyonRelated NewsMar 21st, 2018

PH sells P12B panda bonds amid strong demand

The Philippines has sold 1.46 billion renminbi or almost P12 billion in three-year panda bonds amid strong demand, although at a higher yield than the prevailing market rate in China. From Beijing, National Treasurer Rosalia V. de Leon said lateTuesdaythat the country's first panda bond issuance generated 9.22 billion renminbi in bids or 6.32 times bigger than the approved issue size. Quoting a report from de Leon, Finance Secretary Carlos G. Dominguez III told reporters in a text messageTuesdaynight that "the achieved coverage ratio is the largest all-time among any sovereign panda issuance." "With substantial demand, we were able to push coupon to lower end of price target of ...Keep on reading: PH sells P12B panda bonds amid strong demand.....»»

Category: newsSource:  inquirerRelated NewsMar 21st, 2018

Maiden ‘panda’ offer oversubscribed

THE GOVERNMENT raised 1.46 billion renminbi (RMB) on Tuesday from its maiden “panda” bond sale amid “overwhelming demand” from both offshore and onshore investors, the Investor Relations Office (IRO) announced in a press statement on Tuesday. The offer of the three-year debt papers was more than six times oversubscribed at 9.22 billion RMB against the […] The post Maiden ‘panda’ offer oversubscribed appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 20th, 2018

Philippines debut Panda bond sale raises $230 million

MANILA, Philippines — Chinese investors swarmed the Philippines' maiden issuance of renminbi-denominated bonds, which raised 1.46 billion RMB ($230 million).....»»

Category: newsSource:  philstarRelated NewsMar 20th, 2018

Uncle Hawking draws nearly half-billion clicks from mourning Chinese

SHANGHAI, China – Stephen Hawking's death on Wednesday, March 14, generated nearly half a billion clicks in China, where fans mourned a "giant star" who was admired for rising above physical disability and for heartfelt messages to his Chinese social media followers. Already well-known in China, the British cosmologist two ........»»

Category: newsSource:  rapplerRelated NewsMar 14th, 2018

RCBC raises $300M from notes issue

Bracing for a rapid growth in lending activity in line with the country's expanding economy, Yuchengco-led Rizal Commercial Banking Corp. (RCBC) raised $300 million from the sale of five-year debt notes and is raising another $300 million (P15 billion) from the sale of new shares to existing investors by June. RCBC president Gil Buenaventura said the proposed stock rights offering would complement the bond offering. "All this fundraising is meant to support the anticipated double-digit growth in loans," he said. For the first time since 2015, RCBC tapped the overseas bond market with the issuance of five-year bonds that were priced to yield 4.125 percent a year. "This is clearly...Keep on reading: RCBC raises $300M from notes issue.....»»

Category: newsSource:  inquirerRelated NewsMar 9th, 2018

China s WeChat app crosses one billion account mark

BEIJING, China – China's ubiquitous WeChat social media platform has crossed the one billion accounts mark as its messaging, game, and shopping services attract more and more users. The symbolic threshold was announced by Pony Ma, the chief executive of its parent company Tencent, on the sidelines of China's parliamentary session ........»»

Category: newsSource:  rapplerRelated NewsMar 6th, 2018
Category: financeSource:  philstarRelated NewsMar 5th, 2018

SMC sets timetable for P30-B bond offer

DIVERSIFIED conglomerate San Miguel Corp. (SMC) has set the listing of its P30-billion fixed rate bond issuance this March.  In an investors’ briefing in Mandaluyong on Tuesday, China Bank Capital Corp. President Ryan Martin L. Tapia said the issuance will run from March 2 to 8, with listing at the Philippine Dealing and Exchange Corp. […] The post SMC sets timetable for P30-B bond offer appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 6th, 2018

Consignee in P6.4-Bsmuggled ‘shabu’ arrested in Iloilo; Court orders Taguba transfer to Manila jail

A CONSIGNEE in the P6.4 billion smuggled “shabu” from China was arrested in Iloilo by operatives of the National Bureau of Investigation (NBI) on Friday. As of posting time, Eireene Mae Tatad is on her way to Manila. Manila Regional Trial Court Branch 46 issued the arrest warrant against Tatad after it found probable cause [...] The post Consignee in P6.4-Bsmuggled ‘shabu’ arrested in Iloilo; Court orders Taguba transfer to Manila jail appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsFeb 2nd, 2018

Court orders arrest of Mark Taguba, middlemen in shabu smuggling

MANILA, Philippines – The Manila Regional Trial Court (RTC) Branch 46 ordered the arrest of Bureau of Customs (BOC) broker Mark Taguba and other middlemen charged for the smuggling of P6.4 billion worth of shabu from China. Branch 46 Judge Rainelda Estacio-Montesa signed the resolution on Tuesday, ........»»

Category: newsSource:  rapplerRelated NewsJan 31st, 2018

$2-billion global bond sale a success — DOF

MANILA, Philippines — The Philippine government successfully sold $2 billion worth of new 10-year global bonds amid strong investor confidence from the inter.....»»

Category: financeSource:  philstarRelated NewsJan 19th, 2018

AUB rolls out WeChat Pay in PH

Rebisco group-led Asia United Bank has become the first bank in the Philippines to roll out mobile payments system WeChat Pay, allowing Chinese tourists to conveniently and seamlessly make payments using their electronic wallets. Now the second-largest mobile payments system, WeChat Pay is embedded in China's dominant social messaging app, WeChat. Launched in 2013, WeChat Pay caters to the messaging app's nearly a billion users and has a 43 percent market share in the world. AUB signed an acquiring license agreement with WeChat developer Tencent to enable Philippine merchants to accept WeChat payments from Chinese tourists. "We cannot underscore enough the opportunities a...Keep on reading: AUB rolls out WeChat Pay in PH.....»»

Category: newsSource:  inquirerRelated NewsNov 23rd, 2017

Bank of China takes lead in panda bond issuance

MANILA, Philippines — The Philippines has tapped the Bank of China (BOC) as the lead underwriter for its planned issuance of 1.4 billion renminbi-denominated.....»»

Category: financeSource:  philstarRelated NewsNov 18th, 2017

PH, Bank of China ink underwriting pact for $200-M Panda bond float

The government as issuer, and the Bank of China as lead underwriter, have signed an agreement spelling out the terms and conditions of the Philippines’ maiden issue of some 1.4 billion renminbi-denominated Panda bonds in the Chinese market......»»

Category: newsSource:  interaksyonRelated NewsNov 17th, 2017

WHAT WENT BEFORE: PNR North 2 background

In 2009, the National Economic and Development Authority board, chaired by then President Gloria Macapagal-Arroyo, approved a $317-million increase in the cost of the Northrail, raising the budget of the China-funded mass transit system to P1.317 billion. The additional cost would have covered foreign exchange adjustments, inflation and "necessary variation orders." In 2011, the administration of President Benigno Aquino III vowed to honor the loan the Arroyo administration obtained from the Chinese government to build Northrail but indicated the government would pay only for work the contractor had actually accomplished. The original contract for Phase 1 (Caloocan City to City of ...Keep on reading: WHAT WENT BEFORE: PNR North 2 background.....»»

Category: newsSource:  inquirerRelated NewsNov 8th, 2017

Gov’t plans Marawi bond sale in January

THE GOVERNMENT plans to sell 20-year bonds in “early January” to raise up to P30 billion to help rebuild war-torn Marawi City, the state Budget chief said yesterday. “As far as the Marawi bond is concerned, it’s a go already. The plan is to start next year early January, so it’s a go,” Budget Secretary […] The post Gov’t plans Marawi bond sale in January appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 18th, 2017

SC orders BIR to refund P3.81 billion tax in power plant sale

SC orders BIR to refund P3.81 billion tax in power plant sale.....»»

Category: newsSource:  rapplerRelated NewsSep 20th, 2017

Vista Land raises P5 B from dual tranche bond offer

MANILA, Philippines -  Vista Land & Lifescapes Inc., the largest homebuilder in the Philippines, successfully raised P5 billion from the sale of five-yea.....»»

Category: financeSource:  philstarRelated NewsAug 13th, 2017