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Finance: Uncertainties to drive T-bill rates up

TREASURY BILLS (T-bills) on offer today will likely fetch higher yields amid global uncertainties, even as strong demand is expected for the shorter-termed papers and markets remain awash with liquidity......»»

Category: financeSource:  bworldonlineRelated NewsJan 15th, 2017

Finance: Fresh three-year bonds met with strong demand

THE GOVERNMENT yesterday fully awarded fresh three-year Treasury bonds (T-bonds) after the market swarmed the offer amid liquidity in the system, leading the Bureau of the Treasury (BTr) to open a tap facility today to accommodate more investors......»»

Category: financeSource:  bworldonlineRelated NewsJan 10th, 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

Finance: Three-year Treasury bonds to fetch lower yields

TREASURY BONDS (T-bonds) on offer tomorrow will likely fetch lower yields, tracking the movement of US securities, with the government’s first auction for the year expected to be met with strong demand from banks amid excess liquidity in the system despite recent market volatilities......»»

Category: financeSource:  bworldonlineRelated NewsJan 8th, 2017

Strong Q4 solidifies GMA Network’s 2016 ratings lead

MANILA, Philippines – GMA Network Inc. solidified its nationwide television (TV) ratings in 2016 amid its strong fourth quarter performance......»»

Category: financeSource:  philstarRelated NewsJan 7th, 2017

AirAsia targets next year for Philippine unit's IPO

THE LOCAL ARM of Asia’s biggest budget carrier AirAsia Berhad is ramping up plans to raise what could turn out to be a bigger-than-expected initial public offering (IPO) next year amid strong demand......»»

Category: newsSource:  bworldonlineRelated NewsDec 11th, 2016

Finance: Gov't makes full award of bonds at higher rate on strong demand

THE GOVERNMENT made a full award of reissued Treasury bonds (T-bonds) at an auction yesterday amid strong demand, as yields climbed ahead of an expected hike in interest rates by the US Federal Reserve......»»

Category: financeSource:  bworldonlineRelated NewsNov 22nd, 2016

Finance: Banks' real estate exposure rises as credit demand remains strong

BANKS LENT OUT more funds to the volatile real estate sector by a fifth during the third quarter, marked by increases for both consumers and property developers, preliminary central bank data showed......»»

Category: financeSource:  bworldonlineRelated NewsNov 15th, 2016

Finance: T-bills to fetch higher rates after Trump victory

TREASURY BILLS (T-bills) on offer today are expected to fetch higher rates on the back of the market's strong demand and appetite for shorter-termed government securities, tracking yields of US bonds amid uncertainties on policies to be imposed by US Pres.....»»

Category: financeSource:  bworldonlineRelated NewsNov 13th, 2016

Vehicle sales zoom 24% in 10 months

MANILA, Philippines - The local automotive industry grew by nearly a quarter in the 10 months ending October this year following a strong kickoff in the four.....»»

Category: financeSource:  philstarRelated NewsNov 12th, 2016

Q3 economic growth likely at 6.9% – Moody’s

MANILA, Philippines - A unit of Moody’s Corp. said the country’s economic growth may have eased in the third quarter amid the soft global demand......»»

Category: financeSource:  philstarRelated NewsNov 12th, 2016

Term deposit yields still on the rise

MANILA, Philippines – Term deposits continued to fetch higher yields amid strong demand from banks and trust entities, the Bangko Sentral ng Pilipinas (BSP).....»»

Category: financeSource:  philstarRelated NewsNov 9th, 2016

Sales of imported vehicles surge 77% in nine months

MANILA, Philippines - Sales of imported vehicles surged more than half in the nine months to September this year on account of strong demand for both passeng.....»»

Category: financeSource:  philstarRelated NewsOct 27th, 2016

Finance: Gov't makes partial T-bills award

THE GOVERNMENT saw mixed results at its Treasury bills (T-bills) auction on Monday despite strong demand across all three tenors as investors sought higher yields, still amid heightened uncertainty due to increased chances of the US Federal Reserve raisin.....»»

Category: financeSource:  bworldonlineRelated NewsOct 17th, 2016

Finance: T-bills expected to fetch slightly higher rates on strong demand

TODAY'S auction of Treasury bills (T-bills) is expected to fetch higher rates after strong demand seen in previous offerings and amid the market's strong appetite for shorter-termed government securities......»»

Category: financeSource:  bworldonlineRelated NewsOct 16th, 2016

No cause for alarm, says BSP home prices rise faster in Q2

MANILA, Philippines - Housing prices nationwide rose faster in the second quarter due to strong demand especially in areas outside the National Capital Regio.....»»

Category: financeSource:  philstarRelated NewsOct 14th, 2016

Ford reports 32% hike in sales in third quarter

Ford is one of the most in-demand vehicle brands in the market right now, having sold more 32 percent year-over-year in the third quarter of the year.....»»

Category: newsSource:  mb.com.phRelated NewsOct 8th, 2016

Still no property bubble, says BSP

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) reiterated there is no overheating in the country’s property market amid the strong demand for ho.....»»

Category: financeSource:  philstarRelated NewsOct 2nd, 2016

Peso nears 48 to $1 level

MANILA, Philippines - The peso yesterday flirted with the 48 to $1 level amid the strong demand for the greenback as well as concerns about the tirades made.....»»

Category: financeSource:  philstarRelated NewsSep 23rd, 2016

BSP hikes term deposit volume to P110 B

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) raised anew the volume of term deposits being auctioned every Wednesday amid strong demand from b.....»»

Category: financeSource:  philstarRelated NewsSep 21st, 2016