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G20 to promote digital financial inclusion, ‘green finance’

The G20 Hangzhou summit has developed a set of High-Level Principles for Digital Financial Inclusion to guide both G20 and non-G20 countries, the deputy governor of the People's Bank of China (PBOC) said prior to the summit’s opening......»»

Category: newsSource:  mb.com.phRelated NewsSep 3rd, 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

Asia’s Best Bond Rally Quickens as Philippine Central Bank Eases

br br Philippine bonds are outpacing Asian peers as the nation’s central bank considers cutting lenders’ reserve ratios for the first time in four years, a move that invest.....»»

Category: newsSource:  manilanewsRelated NewsJul 28th, 2016

Philippines tapping China market with P19-B panda bond offer

The Philippines plans to return to the Chinese debt market this week with the possible issuance of 2.5 billion renminbi-denominated bonds, according to the Bureau of the Treasury (BTr)......»»

Category: financeSource:  philstarRelated NewsMay 15th, 2019

Typo on Aussie $50 brings blushes for central bank

SYDNEY: Red-faced bank bosses in Australia admitted to an embarrassing error on Thursday, revealing their state-of-the-art $50 note had a typo. The yellow and green note, which is worth around…READ The post Typo on Aussie $50 brings blushes for central bank appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 9th, 2019

Ayala Land mulls peso-denominated ‘green’ bonds

AYALA LAND, Inc. (ALI) is looking at the issuance of peso-denominated “green” bonds in the future, following the recent release of guidelines for such a product by the Securities and Exchange Commission (SEC)......»»

Category: newsSource:  bworldonlineRelated NewsMay 6th, 2019

China Bank Q1 profit jumps 24%

Sy family-led China Banking Corp. grew its net profit in the first three months by 24 percent year-on-year to P1.9 billion on higher interest income, fee-based earnings and treasury gains, boosted by.....»»

Category: newsSource:  philippinetimesRelated NewsMay 4th, 2019

China Bank profit up 24% to P1.9 B

China Banking Corp. recorded a 24 percent jump in net profit to P1.9 billion in the first quarter from P1.5 billion in the same quarter last year, driven by the continued robust growth of its core businesses......»»

Category: financeSource:  philstarRelated NewsMay 4th, 2019

China Bank& rsquo;s income climbs 24% to P1.9 billion

China Bank& rsquo;s income climbs 24% to P1.9 billion.....»»

Category: financeSource:  thestandardRelated NewsMay 3rd, 2019

China Bank income hits P1.9B

CHINA Banking Corp. (China Bank) reported on Friday that its net income rose to P1.9 billion in the first quarter of the year, driven by the continued robust growth of…READ The post China Bank income hits P1.9B appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 3rd, 2019

‘Philippines not in danger of falling into China debt trap’

As long as global best practices in lending are followed and debts are sustainable, the Philippines is in no danger of falling into a debt trap over its increasing Chinese loans, according to a top official of the Asian Development Bank (ADB)......»»

Category: newsSource:  philstarRelated NewsMay 2nd, 2019

Philippines tourism to benefit from China economic rebalancing

Other than the manufacture of more finished goods, tourism products is another export subsector that can help Philippine businesses benefit from the continued rebalancing of China toward a consumption-led economy, according to a top economist of the World Bank......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2019

Popovich negotiating new deal with San Antonio Spurs

By Raul Dominguez, Associated Press SAN ANTONIO (AP) — The Spurs suffered through an odd, erratic season filled with injuries, strife and drama before a second straight ouster from the playoffs in the first round. Gregg Popovich enjoyed it so much he is coming back for a 24th season as coach in San Antonio. Normally extremely private, Popovich said Monday (Tuesday, PHL time) he is negotiating a new deal with the Spurs after his current contract expired this season. There was some uncertainty surrounding his return, but the 70-year-old Popovich put an end to that with a quip or two. [Watch the Playoffs on NBA League Pass for 30% less with this limited time offer! Select Annual package and use code SAVE30 at checkout to redeem] “I’m currently in negotiations and could very well end up with either the Portofino Flyers or the Positano Pirates (or the Spurs),” Popovich said dryly. “I think it’s like one-third Positano, one-third Portofino and one-third San Antonio. So, we’ll see where I end up.” There is little chance Popovich ends up anywhere but San Antonio, where he has enjoyed unprecedented success. His desire to return was apparent during an 18-minute news conference to wrap up a season that ended with a loss to the Denver Nuggets in Game 7 of their first-round series. Popovich has 1,245 wins, third-most in NBA history behind Don Nelson and Lenny Wilkens, and is one of five coaches to win five NBA championships. He will coach USA Basketball in the FIBA World Cup in China this summer, and will coach the Americans in the Tokyo Olympics next summer should the team qualify. The Spurs have reached the playoffs the last 22 seasons, a streak that ties for the longest in NBA history. Many doubted the Spurs would continue that streak this season with all the turmoil and turnover. A year ago, Kawhi Leonard played in only nine games while nursing a right thigh injury. Reportedly upset with how his rehabilitation was handled, Leonard forced his way out of San Antonio in the offseason and was sent to Toronto along with Danny Green in a trade for DeMar DeRozan and Jakob Poeltl. The Spurs also lost Manu Ginobili to retirement and Tony Parker left the team in free agency along with veteran Kyle Anderson. “I didn’t know what to expect, to be honest,” Popovich said. “I didn’t know how this group would respond to that kind of adversity, but they showed us a lot in continuing with the program and trying to do what we wanted them to do. So, that was very impressive to me.” San Antonio had eight new players on its roster this season, the most in Popovich’s tenure. That turned out to be one of the highlights for the veteran coach. “It was kind of one of the more enjoyable seasons because you got to see people develop,” Popovich said. If that wasn’t enough to overcome, the Spurs also lost starting point guard Dejounte Murray to a season-ending knee injury in the preseason and his replacement, Derrick White, missed the first month with a knee injury. In one four-game stretch, the Spurs lost three games by 30-plus points; in Popovich’s first 1,758 regular-season games as coach, the Spurs had only lost by 30-plus five total times. Of course, they also won five straight games by 25-plus points for the first time under Popovich and ended up seventh in the Western Conference as DeRozan and veteran LaMarcus Aldridge helped carry the team’s young roster. “I think that when we all reflect on the season, they achieved a lot more than a lot of people gave them credit for having the opportunity to achieve,” Popovich said. San Antonio was able to reach the postseason while also developing young players like White, Poeltl and Bryn Forbes on the court and prepping rookies Lonnie Walker IV, Chimezie Metu and Drew Eubanks in the G League. “It’s the beginning of a new culture for a new group,” Popovich said. “So, we’ll have a little bit of corporate knowledge going into next season and they’ll show that, I think.”.....»»

Category: sportsSource:  abscbnRelated NewsApr 29th, 2019

Working Abroad as Domestic Helpers Should Become a Thing of the Past

For decades the Philippine economy has been kept afloat by millions of overseas Filipino workers (OFWs) sending money back home. According to philstar.com in an article published early this year, the World Bank ranked the Philippines as the “3rd top remittance receiving country in the world” after India (first), and China (second) ........»»

Category: newsSource:  philnewsRelated NewsApr 28th, 2019

Chinese Debt-trap Diplomacy: Can it happen in the Philippines?

During the Integrated Bar of the Philippines’ 17th National Convention in Iloilo City, Supreme Court Senior Associate Justice Antonio Carpio, raised concerns about the loan agreement the Philippines signed with the People’s Republic of China for the Kaliwa Dam project. In an ABS-CBN News article, Mike Navallo writes that Carpio “warned that the loan agreement between Philippines and China for the Kaliwa Dam project also offers patrimonial assets as collateral, which he said could mean Beijing is going after gas in the Reed Bank ...”.....»»

Category: newsSource:  philnewsRelated NewsApr 28th, 2019

Finance: More foreign banks searching for Philippine partners, says BSP exec

MORE FOREIGN banks have expressed their interest to invest in local banks, a signal of continuous offshore confidence in the local financial system, a central bank official said......»»

Category: financeSource:  bworldonlineRelated NewsJan 17th, 2017

Cavaliers' James and Warriors' Curry lead in second fan returns of NBA All-Star Voting 2017

em>NBA press release /em> NEW YORK -- The Cleveland Cavaliers’ LeBron James and the Golden State Warriors’ Stephen Curry lead their respective conferences in the second fan returns of NBA All-Star Voting 2017 presented by Verizon. Fan voting continues to surge as more than 21 million votes have been cast, a 142% increase from the same time period last year.  Fans will account for 50 percent of the vote to determine the 10 starters for the 66th NBA All-Star Game, which will take place on Sunday, Feb. 19 (Feb. 20, PHL time) at Smoothie King Center in New Orleans. All current NBA players and a panel of basketball media will account for 25 percent each, with each participant completing one full ballot featuring two guards and three frontcourt players from both conferences. Voting for fans, players and media will conclude on Monday, Jan. 16 at 11:59 p.m. ET (Tuesday, Jan. 17, 12:59pm, PHL time), and starters will be announced live on TNT on Thursday, Jan. 19 (Jan. 20, PHL time) during a special one-hour edition of TNT NBA Tip-Off presented by Autotrader.com. The Eastern Conference and Western Conference All-Star reserves, as selected by NBA head coaches, will be announced the following week on TNT on Thursday, Jan. 26 (Jan. 27, PHL time).   In the second fan returns, James totaled 1,066,147 votes to maintain the top spot among all players and increase his lead in the East frontcourt over the Milwaukee Bucks’ Giannis Antetokounmpo (963,110).  Cleveland’s Kevin Love (473,328) edges the Philadelphia 76ers’ Joel Embiid (457,300) by 16,028 votes for third place in the East frontcourt.  Cleveland’s Kyrie Irving (971,362) and the Chicago Bulls’ Dwyane Wade (514,866) continue to set the pace among East guards, while the Toronto Raptors’ DeMar DeRozan (453,538) remains in third place. In the West, Curry (990,390) has pulled ahead of teammate Kevin Durant (987,479) as the conference’s leading vote-getter.  Curry and the Houston Rockets’ James Harden (961,685) remain the front-runners at guard, followed by the Oklahoma City Thunder’s Russell Westbrook (899,024).  Durant, Golden State’s Zaza Pachulia (823,376) and the San Antonio Spurs’ Kawhi Leonard (630,766) continue to lead the frontcourt, with the New Orleans Pelicans’ Anthony Davis (567,201) in fourth place. See below for the second fan returns of NBA All-Star Voting 2017 presented by Verizon. strong>NBA ALL-STAR VOTING 2017 PRESENTED BY VERIZON /strong> em> strong>Eastern Conference Frontcourt /strong> /em> 1. LeBron James (CLE) 1,066,147 br /> 2. Giannis Antetokounmpo (MIL) 963,110 br /> 3. Kevin Love (CLE) 473,328 br /> 4. Joel Embiid (PHI) 457,300 br /> 5. Jimmy Butler (CHI) 400,448 br /> 6. Carmelo Anthony (NY) 327,716 br /> 7. Kristaps Porzingis (NY) 324,106 br /> 8. Paul George (IND) 249,484 br /> 9. Jabari Parker (MIL) 120,022 br /> 10. Tristan Thompson (CLE) 114,759 em> strong>Eastern Conference Guards /strong> /em> 1. Kyrie Irving (CLE) 971,362 br /> 2. Dwyane Wade (CHI) 514,866 br /> 3. DeMar DeRozan (TOR) 453,538 br /> 4. Isaiah Thomas (BOS) 401,671 br /> 5. Kyle Lowry (TOR) 256,668 br /> 6. Derrick Rose (NY) 223,804 br /> 7. John Wall (WAS) 173,148 br /> 8. Jeremy Lin (BKN) 109,088 br /> 9. Kemba Walker (CHA) 105,637 br /> 10. Avery Bradley (BOS) 64,157 em> strong>Western Conference Frontcourt /strong> /em> 1. Kevin Durant (GS) 987,479 br /> 2. Zaza Pachulia (GS) 823,376 br /> 3. Kawhi Leonard (SA) 630,766 br /> 4. Anthony Davis (NO) 567,201 br /> 5. Draymond Green (GS) 464,319 br /> 6. DeMarcus Cousins (SAC) 379,225 br /> 7. Karl-Anthony Towns (MIN) 223,979 br /> 8. LaMarcus Aldridge (SA) 192,784 br /> 9. Blake Griffin (LAC) 172,393 br /> 10. Marc Gasol (MEM) 172,146 em> strong>Western Conference Guards /strong> /em> 1. Stephen Curry (GS) 990,390 br /> 2. James Harden (HOU) 961,685 br /> 3. Russell Westbrook (OKC) 899,024 br /> 4. Klay Thompson (GS) 555,430 br /> 5. Chris Paul (LAC) 379,076 br /> 6. Damian Lillard (POR) 208,171 br /> 7. Eric Gordon (HOU) 191,407 br /> 8. Andre Iguodala (GS) 130,224 br /> 9. Manu Ginobili (SA) 122,333 br /> 10. Zach LaVine (MIN) 94,867 After all votes are tallied, players will be ranked in each conference by position (guard and frontcourt) within each of the three voting groups – fan votes, player votes and media votes.  Each player’s score will be calculated by averaging his weighted rank from the fan votes, the player votes and the media votes.  The five players (two guards and three frontcourt players) with the best score in each conference will be named NBA All-Star Game starters.  Fan voting will serve as the tiebreaker for players in a position group with the same score. * * * strong>How Fans Can Vote /strong> NBA fans may submit one full ballot each day through NBA.com, the NBA App (available on Android and iOS), Twitter, Facebook and Google Search, as well as via Sina Weibo and Tencent Microblogs in China. All current NBA players are available for selection.  em> strong>NBA.com voting page at NBA.com/vote: /strong> /em> Fill out one full ballot per day (once every 24 hours) on NBA.com/vote from a desktop or mobile browser. Fans can select up to two guards and three frontcourt players from each conference when choosing starters.   br />   br /> em> strong>NBA App:  /strong> /em>Access the ballot and vote through the app, which is available on Android and iOS. Fans can fill out one full ballot per day and select up to two guards and three frontcourt players from each conference when choosing starters. br />   br /> em> strong>Twitter:  /strong> /em>Tweet, retweet or reply with an NBA player’s first and last name or Twitter handle, along with the hashtag 'NBAVOTE.  Each tweet may include only one player’s name or handle. Fans may vote for 10 unique players each day throughout the NBA All-Star voting period.  br />   br /> em> strong>Facebook:  /strong> /em>Post the player’s first and last name along with the hashtag 'NBAVOTE on your personal Facebook account, or comment on another’s Facebook post.   Each post may include only one player’s name. Fans may post votes for 10 unique players per day throughout the voting period. br />   br /> em> strong>Google Search: /strong> /em> Search “NBA Vote All-Star” or “NBA Vote Team Name” (ex: NBA Vote Celtics) and use respective voting cards to select teams and then players.  Fans may submit votes for 10 unique players per day throughout the voting period.   .....»»

Category: sportsSource:  abscbnRelated NewsJan 12th, 2017

BPI cleared to run stand-alone trust corporation

MANILA, Philippines - Ayala-led Bank of the Philippine Islands (BPI) received the green light from the Bangko Sentral ng Pilipinas (BSP) to operate a stand-a.....»»

Category: financeSource:  philstarRelated NewsJan 9th, 2017

Property & Infrastructure: Waldorf Astoria owner in talks with Kushner for NY building overhaul

NEW YORK -- China's Anbang Insurance Group is in talks to invest in a project to redevelop a flagship New York City building owned by Kushner Companies, the family real estate business run by US president-elect Donald Trump's son-in-law Jared Kushner, according to a person familiar with the discussions......»»

Category: financeSource:  bworldonlineRelated NewsJan 9th, 2017

Finance: BPI spins off trust operations into new company

THE INVESTMENT management arm of Ayala-led Bank of the Philippine Islands' (BPI) has secured the central bank's green light to operate as a stand-alone trust corporation......»»

Category: financeSource:  bworldonlineRelated NewsJan 9th, 2017