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PCC clears Landbank buyout of Postal Bank

MANILA, Philippines — The Philippine Competition Commission (PCC) has given the go-signal to the transfer of state-run Philippine Postal Savings Bank’s asset.....»»

Category: financeSource: philstar philstarJan 13th, 2018

LANDBANK offers P472 million to buy PSE shares in PDS

The Philippine Stock Exchange, Inc. (PSE) said it has received an offer from the Land Bank of the Philippines (LANDBANK) to buyout its shares in the Philippine Dealing System Holdings Corp. (PDSHC) for P472.12 million. In a disclosure to the stock exchange on Friday, April 27, the PSE said LANDBANK offered to buy its shares […] The post LANDBANK offers P472 million to buy PSE shares in PDS appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 27th, 2018

Dominguez backs Landbank move to acquire controlling stake in PDS

By Melissa Luz T. Lopez, Senior Reporter FINANCE Secretary Carlos G. Dominguez III is backing the move of the Land Bank of the Philippines (Landbank) to acquire the majority stake in the country’s fixed-income exchange, saying that the local stock market operator has taken too much time for the buyout. Mr. Dominguez said he is […] The post Dominguez backs Landbank move to acquire controlling stake in PDS appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 19th, 2018

Landbank buys Postal Savings Bank to make OFW bank

MANILA, Philippines — The Philippine Competition Commission has approved the acquisition of Postal Savings Bank, Inc......»»

Category: financeSource:  philstarRelated NewsJan 11th, 2018

BSP approves Landbank acquisition of postal bank

THE central bank has approved the acquisition of the Philippine Postal Savings Bank (PPSB) by Land Bank of the Philippines (Landbank), which intends to position the takeover target as a lender for overseas Filipinos. At a signing ceremony involving the Bangko Sentral ng Pilipinas (BSP) and the Philippine Competition Commission (PCC), BSP Deputy Governor Chuchi […] The post BSP approves Landbank acquisition of postal bank appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 22nd, 2017

Bank for OFWs could open in February 2018

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) announced on Friday, December 22, that it gave state-run Land Bank of the Philippines (Landbank)  the green light to acquire the Philippine Postal Savings Bank (Postbank). The acquisition will pave the way for the opening of the Overseas Filipino (OF) Bank expected as early ........»»

Category: newsSource:  rapplerRelated NewsDec 22nd, 2017

Transfer of Postal Bank assets to Landbank now for Palace OK

MANILA, Philippines — The Department of Finance (DOF) has submitted to President Duterte a draft executive order for the transfer of state-run Philippine Pos.....»»

Category: financeSource:  philstarRelated NewsSep 22nd, 2017

Finance: Landbank takeover of Postal Bank seen 'very doable' by next year

THE planned takeover by the Land Bank of the Philippines (Landbank) of the Philippine Postal Savings Bank, Inc. (Postal Bank) by next year would be "very doable," a senior central bank official said, with the process before the regulator seen to go smooth.....»»

Category: financeSource:  bworldonlineRelated NewsDec 28th, 2016

Landbank mulls OFW Bank listing

MANILA, Philippines – State-owned Land Bank of the Philippines plans to list Postal Savings Bank, which will be converted into a lender catering to overseas.....»»

Category: financeSource:  philstarRelated NewsDec 20th, 2016

Threeforall: Bucks become latest team to set a 3-point mark

By Tim Reynolds, Associated Press The best 3-point shooter who ever lived, at least in terms of volume, is Ray Allen. Boston used to have him. Milwaukee used to have him. And he doesn’t figure into either franchise’s greatest single-game 3-point barrage. With NBA records being set from 3-point range this season — Golden State’s Klay Thompson has already busted the mark for 3s in a game with 14, one more than the standard his fellow Warriors sharpshooter Stephen Curry established in 2016, the league is well on its way to making more shots from beyond the arc than ever before. The record, set last season, is 25,807. The NBA is on pace this season to make about 27,300 shots from 3-point land. Now, not even three full weeks into this season, five teams have broken their own franchise record for 3s in a game. The most recent entry into that club was Milwaukee, which connected on 22 3s — on 56 tries, as opposed to 39 from inside the arc — in its 144-109 win over Sacramento on Sunday (Monday, PHL time). The Bucks used 13 players, with everyone trying at least one shot from 3-point range and 11 connecting on at least one triple. It was the second time this season the Bucks tried more 3s than 2s. Number of times in Bucks history that happened before this season? Zero. “We’ll just hopefully keep pushing that record, whatever it is,” Bucks coach Mike Budenholzer said. “See if we can get more. ... Good for us to know that we’re pushing that envelope and we want to be great behind that 3-point line.” The Bucks aren’t alone in their quest for 3-point greatness. Boston, which has had 3-point stars like Larry Bird, Paul Pierce, Antoine Walker and Allen in its rich history, made a team-record 24 3-pointers last week against the Bucks. The Celtics came into this season with 19 3s in a game being their franchise mark; they’ve made 19 or more twice already this season. “We took what the defense gave us,” Celtics coach Brad Stevens said after the barrage of 24 3s. Fueled by Thompson’s 14 3s in Chicago, the Warriors set a team record that night with 24 makes from deep. Atlanta set a team mark with 22 3-pointers against Cleveland, and Utah connected on its record of 19 in a loss to Golden State. “This is the NBA right now,” Miami coach Erik Spoelstra said. Curry is shooting more 3s per game than ever, making more 3s per game than ever — and doing it more accurately than ever. He’s already made 59 3s through the Warriors’ first 10 games, and is shooting 51 percent from deep. Curry is fifth all-time in 3-pointers made with 2,188. Allen is the record-holder with 2,973, a mark Curry is on pace to get in about two years. MUST GET 100 In this NBA, if a team doesn’t score 100 points, they’re not winning. Then again, getting to 100 doesn’t guarantee anything either. Teams that score 100 points or more are 134-99 this season, meaning they win 57.5 percent of the time. Those who don’t score 100 are 5-40, or winning 11.1 percent of the time. That’s a big change from recent years. Last season, teams over 100 won 62.2 percent of the time, and teams that didn’t score 100 won 20.8 percent of the time. A decade ago, those scoring 100 won at a 69.4 percent clip, and those not reaching the century mark won 30.8 percent of the time. THE WEEK AHEAD A six-pack of games to watch this week ... — Minnesota at L.A. Clippers, Monday (Tuesday, PHL time): Jimmy Butler had the Clippers among those on his radar when this trade saga started. — Philadelphia at Indiana, Wednesday (Thursday, PHL time): Joel Embiid’s numbers are fantastic, but Myles Turner is another great young big guy. — Milwaukee at Golden State, Thursday (Friday, PHL time): Bucks have been one of the season’s top early stories, and now get the ultimate test. — Boston at Utah, Friday (Saturday, PHL time): This will be Gordon Hayward’s 262nd time playing in Salt Lake City, and his first in a Celtics uniform. — Houston at San Antonio, Saturday (Sunday, PHL time): Spurs are 14-7 in last 21 with Rockets, and the teams play three times before Christmas. — Atlanta at L.A. Lakers, Sunday (next Monday, PHL time): Hawks rookie Kevin Huerter was LeBron James’ scrimmage teammate at a Nike camp in 2015. ON THE MOVE Now that the Tyson Chandler buyout by the Phoenix Suns has been completed, he’s expected to be on the Los Angeles Lakers’ roster later this week once he clears waivers. Portland coach Terry Stotts, who was a Dallas assistant when Chandler was with the Mavericks, said it’ll be a good move for the Lakers. “I like Tyson Chandler,” Stotts said. “Great teammate, obviously that was a few years ago but he impacts the game at the defensive end. He’s a great locker room guy. ... He’s all about winning. So, any team that has Tyson is going to be better for it.” ___ AP Sports Writer Anne M. Peterson in Portland, Oregon contributed......»»

Category: sportsSource:  abscbnRelated NewsNov 5th, 2018

LANDBANK reduces offer price for shares in PDS

THE LAND BANK of the Philippines (LANDBANK) hopes to secure the controlling stake in the fixed-income bourse before year-end, after lowering its share purchase offer......»»

Category: newsSource:  bworldonlineRelated NewsOct 22nd, 2018

Landbank strengthens partnership with LGUs for countryside dev t& '2013266080;

BAGUIO CITY, Oct. 17 (PIA) -- In effort to strengthen partnerships with the different local government units to help push countryside development, the Land Bank of the Philippines kicked off its LG.....»»

Category: newsSource:  manilanewsRelated NewsOct 17th, 2018

PCC clears Synnex buyout of Convergys

The Philippine Competition Commission (PCC) has cleared the acquisition by business process services firm Synnex Corp. of outsourced services provider Convergys Corp......»»

Category: financeSource:  philstarRelated NewsOct 10th, 2018

Palace tells LANDBANK to ease lending requirements for farmers

MALACAÑANG said Thursday that President Rodrigo R. Duterte wants the Land Bank of the Philippines (LANDBANK) to reduce the hurdles for obtaining farm loans. The post Palace tells LANDBANK to ease lending requirements for farmers appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 20th, 2018

Duterte to LBP: Ease bank requirements for small farmers

    President Rodrigo Duterte has ordered the Land Bankof the Philippines (LBP) to ease its requirements and make the state-run financial institution accessible to farmers. Presidential Spokesperson Harry Roque said Duterte discussed this matter to LBP officials in a meeting in Malacanang on Wednesday. "Ang gusto kasi niya, yung Landbank bumalik sa kanilang mandato na tulungan yung maliliit na magsasaka, hindi naman kasi pupwede na isang bangko na binuo ng gobyerno para tulungan ang magsasaka, hindi na malapitan ng magsasaka dahil napakadaming requirements na hindi pupuwedeng ma-comply ng mga maliliit na magsasaka," Roque said in a Palace briefing. (What he w...Keep on reading: Duterte to LBP: Ease bank requirements for small farmers.....»»

Category: newsSource:  inquirerRelated NewsSep 20th, 2018

Landbank allots funding to encourage more young agripreneurs

Government-run Land Bank of the Philippines has started a new credit facility that aims to draw more young Filipinos to the local agriculture sector in a bid to boost growth and ensure sustainability of the farm industry......»»

Category: financeSource:  philstarRelated NewsSep 14th, 2018

Metrobank buys out partner in credit card joint venture

Ty-led Metropolitan Bank & Trust Co. (Metrobank) spent another P7.4 billion to complete the buyout of its foreign joint venture partner in the country’s leading credit card provider......»»

Category: financeSource:  philstarRelated NewsSep 6th, 2018

LANDBANK launches JICA-backed lending program to boost ARMM agri

THE LAND BANK of the Philippines (LANDBANK) launched a P2.12-billion financing scheme in the Autonomous Region in Muslim Mindanao (ARMM) and conflict-affected areas in Mindanao (CAAM) to boost the region’s agricultural sector. The post LANDBANK launches JICA-backed lending program to boost ARMM agri appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 4th, 2018

LandBank to lower PDS takeover offer

State-run Land Bank of the Philippines (LandBank) will be lowering its offer price for Philippine Dealing System Holding Corp. (PDSHC), citing a decline in the fixed income exchange operator’s net asset value. “Basically it will be lower than P360 because we have to factor in the dividends they have declared,” LandBank President and CEO Alex [...] The post LandBank to lower PDS takeover offer appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 10th, 2018

Landbank plans lower price offer for PDS shares

State-run Land Bank of the Philippines plans to lower the price it is offering for the purchase of Philippine Dealing System Holding Corp.’s (PDSHC) shares, a top official of the bank said......»»

Category: financeSource:  philstarRelated NewsAug 9th, 2018

Hawks waive Anthony after buyout agreement

The Atlanta Hawks have placed Carmelo Anthony on waivers, hours after reaching an agreement on a contract buyout. He will become a free agent once he clears waivers. A source told ESPN that terms of the buyout call for the 34-year-old Anthony to receive the $27.9 million due to him under the terms of his […].....»»

Category: newsSource:  interaksyonRelated NewsJul 31st, 2018