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Courting Japan: Manila set on $1-billion samurai bonds

In Photo: Finance Secretary Carlos G. Dominguez III delivers a speech during the Philippine Economic Briefing in Tokyo, Japan, on June 19. The event was attended by about 600 investors, Japanese go.....»»

Category: newsSource: manilanews manilanewsJun 20th, 2018

Philippines plans $1-billion samurai bond sale

MANILA, Philippines – The government is planning to issue samurai bonds amounting to $1 billion this year, Finance Secretary  Carlos Dominguez III said in front of businessmen in Tokyo, Japan on Tuesday, June 19. The plan comes after the government's issuance of $2 billion worth of one-year dollar ........»»

Category: newsSource:  rapplerRelated NewsJun 19th, 2018

Govt sells $1.39B in samurai bonds

The Philippines returned to the samurai bond market on Wednesday by raising 154.2 billion yen or $1.39 billion, a result described by the government as reflective of strong investor interest in the country. The three-, five-, and 10-year tenors that comprised the offering raised 107.2 billion, 6.2 billion and 40.8 billion yen, respectively, Finance Secretary [...] The post Govt sells $1.39B in samurai bonds appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 9th, 2018

Japanese banks support samurai bond offer – DoF

The government’s planned issuance of $1-billion worth of samurai bonds has earned the support of Japan’s leading financial institutions, the Finance department said on Wednesday. In a statement, the Finance department said top officials of Mitsubishi UFJ Financial Group, Nomura Holdings Inc., Mizuho Bank Ltd., Sumitomo Mitsui Banking Corp. (SMBC) and Daiwa Securities Group Inc. [...] The post Japanese banks support samurai bond offer – DoF appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 20th, 2018

Japan mulling purchase of 100 US stealth fighters – report

TOKYO: Japan is considering buying up to 100 F-35 stealth fighters from the US for more than $8.8 billion as it seeks to counter China’s growing military presence in the…READ The post Japan mulling purchase of 100 US stealth fighters – report appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 27th, 2018

Japan consortium wins bid to build P11-billion Metro subway

A consortium of six Japanese companies has bagged the P11-billion contract to build the Metro Manila Subway, the Department of Budget and Management said yesterday......»»

Category: financeSource:  philstarRelated NewsNov 22nd, 2018

Japan, ADB to fund 147-km rail project

The economic team has consolidated three big-ticket railway projects into one massive P777.6-billion project stretching from the Clark Freeport Zone up north to Calamba, Laguna, down south.   The North-South Commuter Railway (NSCR) System, approved by the interagency Investment Coordination Committee-Cabinet Committee last Tuesday, raised the total project cost from P440.9 billion previously, to be co-financed by loans from the Japan International Cooperation Agency (Jica) and the Manila-based multilateral lender Asian Development Bank (ADB).   Finance Assistant Secretary Maria Edita Z. Tan told the Inquirer last Thursday that Jica would finance the actual construct...Keep on reading: Japan, ADB to fund 147-km rail project.....»»

Category: newsSource:  inquirerRelated NewsNov 10th, 2018

PH secures 38.1-B yen loan for MRT-3 rehab

THE Philippines secured on Thursday a 38.1-billion-yen (P17.79-billion) official development assistance (ODA) loan from the Japan International Cooperation Agency (JICA) to upgrade and rehabilitate the Metro Rail Transit (MRT) Line...READ MORE The post PH secures 38.1-B yen loan for MRT-3 rehab appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 8th, 2018

PH, Japan sign loan agreement for 26-month MRT-3 rehab

Filipinos may expect an improved Metro Rail Transit-3 (MRT-3) after 26 months as the P38-billion yen (P18 billion) loan agreement between Japan and the Philippines was signed on Thursday. Department of Transportation (DOTr) Undersecretary Timothy John Batan said the MRT-3 will be fully rehabilitated in 26 months, noting that meetings have started as early as October. "After 26 months, diyan natin mararamdaman yung pagbalik ng kondisyon ng MRT-3 (After 26 months, the MRT-3 will be back in good condition)," he told the reporters after the signing ceremony at the Department of Finance building in Manila. "Nag-umpisa iyan as early as October. May daily meetings and daily coordin...Keep on reading: PH, Japan sign loan agreement for 26-month MRT-3 rehab.....»»

Category: newsSource:  inquirerRelated NewsNov 8th, 2018

Philippines, Japan sign P18-billion MRT3 rehab loan deal

MANILA, Philippines (UPDATED) – The Philippines and Japan deepened their infrastructure partnership with the signing of the much-awaited P18-billion loan deal for the rehabilitation of the Metro Rail Transit Line 3 (MRT3). On Thursday, November 8, Finance Secretary Carlos Dominguez III and Japan International Cooperation Agency (JICA) Senior Vice President Yasushi ........»»

Category: newsSource:  rapplerRelated NewsNov 8th, 2018

PH, Japan finalize details of P18-billion MRT3 rehab loan

MANILA, Philippines (UPDATED) – The governments of the Philippines and Japan finally exchanged notes on the long-delayed loan agreement for the  rehabilitation of the Metro Rail Transit Line 3 (MRT3) . An exchange of notes means the details of the project and financing arrangement have been ironed out. It comes before the actual signing of agreements. On Wednesday, ........»»

Category: newsSource:  rapplerRelated NewsNov 7th, 2018

DoF eyes P13.5-B bonds for Marawi

The Department of Finance (DoF) is looking to raise P13.5 billion from the issuance of retail Treasury bonds to fund ongoing reconstruction and rehabilitation efforts in Marawi City, which was...READ MORE The post DoF eyes P13.5-B bonds for Marawi appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 6th, 2018

Japan to extend loan to help Malaysia’s debt problem

TOKYO --- The leaders of Malaysia and Japan have agreed that Japan will issue yen-denominated bonds of up to 200 billion yen ($1.8 billion) to help the Southeast Asian country battle its fiscal deficit. Japanese Prime Minister Shinzo Abe told a news conference Tuesday that Japan also will provide loans to help Malaysia in areas such as education, transportation and people exchanges. Malaysian Prime Minister Mahathir Mohamad, who returned to leadership this year, has long advocated learning from Japan's postwar economic growth. Earlier Tuesday, Emperor Akihito presented Mahathir with one of Japan's highest awards for his international and cultural achievement. /ee...Keep on reading: Japan to extend loan to help Malaysia’s debt problem.....»»

Category: newsSource:  inquirerRelated NewsNov 6th, 2018

NG borrows P134 B in August

The national government’s borrowings reached P134 billion in August following the successful issuance of samurai or yen-denominated bonds, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsOct 15th, 2018

Yen loan secured for New Bohol airport

The government has secured a supplemental loan amounting to 4.37 billion yen or about P2.1 billion from Japan for Phase II of the New Bohol Airport project. The loan agreement was signed on Monday by Finance Secretary Carlos Dominguez 3rd and Yoshio Wada, chief representative of the Japan International Cooperation Agency (JICA). In a speech, Dominguez said [...] The post Yen loan secured for New Bohol airport appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 9th, 2018

$60M in virtual currency hacked in Japan

TOKYO: Bitcoin and other digital currency worth around 6.7 billion yen ($60 million) has been stolen in Japan following a hacking attack, a virtual exchange operator said on Thursday. Osaka-based Tech Bureau, which operates virtual currency exchange Zaif, said its server had been illegally accessed and money transfered. “We decline to comment on the details [...] The post $60M in virtual currency hacked in Japan appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 20th, 2018

Bond sale lifts forex reserves in August

The country’s foreign exchange buffer strengthened in August due to strong inflows after the national government raised $1.4 billion from the sale of multi-tranche Samurai bonds......»»

Category: financeSource:  philstarRelated NewsSep 8th, 2018

ADB Issues Inaugural Armenian Dram Linked Bonds

MANILA, PHILIPPINES (21 August 2018) - The Asian Development Bank (ADB) has raised AMD2.66 billion (about $5.4 million) from a new issue of offshore Armenian dram-linked bonds. The transaction was.....»»

Category: newsSource:  philippinetimesRelated NewsAug 23rd, 2018

ADB Issues Inaugural Armenian Dram Linked Bonds

MANILA, PHILIPPINES (21 August 2018) - The Asian Development Bank (ADB) has raised AMD2.66 billion (about $5.4 million) from a new issue of offshore Armenian dram-linked bonds. The transaction was.....»»

Category: newsSource:  manilanewsRelated NewsAug 23rd, 2018

Samurai and saint     

KANAZAWA, Japan---Some years ago, on my way to a lunch in Paco, an old district of Manila, I noticed a rather unusual statue in the middle of a small plaza that fronted the old railway terminal. Due to traffic, the taxi I was in barely moved, giving me time to note that the statue was of a man clad in a kimono, with a topknot, and holding a katana, or traditional Japanese sword. A samurai! Who and why was this Nihonjin being memorialized in Manila? An Internet search revealed his identity: Justus Takayama Ukon, a 17th-century samurai lord, or daimyo, and a Catholic one at that, Justus being his baptismal name. The site was Plaza Dilao, or Yellow Square, most likely so-named ...Keep on reading: Samurai and saint     .....»»

Category: newsSource:  inquirerRelated NewsAug 20th, 2018

Philippines raises $1.39 billion from samurai bonds

The government yesterday successfully sold ¥154.2 billion ($1.39 billion) worth of Japanese samurai bonds in three different tenors, according to the Department of Finance......»»

Category: financeSource:  philstarRelated NewsAug 8th, 2018