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Philippines confident of tighter spreads on Samurai bonds

Philippines confident of tighter spreads on Samurai bonds Source link link: Philippines confident of tighter spreads on Samurai bonds.....»»

Category: newsSource: manilainformer manilainformerJul 12th, 2018

Japanese financial giants: PH samurai bonds to make a killing

Five large Japanese financial institutions are supporting the Philippines' upcoming $1-billion samurai bond sale, the first issuance without a guarantee. The Department of Finance (DOF) said i.....»»

Category: newsSource:  philippinetimesRelated NewsJun 21st, 2018

Top Japanese banks express support of Philippine “samurai bonds” following DoF meeting

TOP JAPANESE BANKS have expressed their interest in participating in the Philippines’ return to the yen debt market following their meeting with the Finance department in Tokyo. In a statement sent to journalists yesterday, the Department of Finance (DoF) said that Finance Secretary Carlos G. Dominguez III met with officials of Daiwa Securities Group Inc., […] The post Top Japanese banks express support of Philippine “samurai bonds” following DoF meeting appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 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

Philippines to raise $2 B from foreign borrowings

The Philippine government plans to raise about $2 billion more this year through the sale of offshore commercial bonds, including samurai and global bonds, according to the Bureau of the Treasury (BTr)......»»

Category: financeSource:  philstarRelated NewsMay 27th, 2018

Philippines eyes samurai bond issue in Q3

The Philippines is still keen on issuing samurai bonds by the end of the third quarter or early in the fourth quarter, as well as panda bonds next year despite the possibility of higher interest rates......»»

Category: financeSource:  philstarRelated NewsMay 2nd, 2018

AXA spreads wings in Visayas

Confident in Central Visayas.?AXA Philippines chief distribution officer Marie Raymundo (second from right) briefs the media on the company's plans for the region. With her are (from le.....»»

Category: newsSource:  philippinetimesRelated NewsJul 26th, 2016

Samsung heats up 5G race with reveal of 3.5-gigahertz technologies

MANILA, Philippines - The race for 5th-generation wireless network technology, commonly called 5G, seems to be heating up with Samsung unveiling their own 3.5-gigahertz (GHz) band technologies at a press event held in South Korea last week. According to Samsung Central , Samsung is confident that they ........»»

Category: newsSource:  rapplerRelated NewsJul 16th, 2018

Sun Life PH invests in IFC s Mabuhay Green Bonds

Leading insurer Sun Life of Canada Philippines Inc. has invested an initial P500 million in the pioneering Philippine peso-denominated Mabuhay Green Bonds issued by International Finance Corp., the.....»»

Category: newsSource:  philippinetimesRelated NewsJul 16th, 2018

Manny Pacquiao beats Lucas Matthysse and Father Time in latest win

The fire is back in the eyes and belly of 39 year old Philippine senator Manny Pacquiao who scored an emphatic knockout victory over Lucas Martin Matthysse to win his 11th world title at 2:43 of the seventh round Sunday afternoon at the Axiata Arena here. Proving his critics wrong, Pacquiao put on a clinic of sorts as he showed facets of his ring brilliance that were missing in his previous fights since 2009 where he last won by knockout. Before a screaming horde of fans led by the heads of state of Malaysia and the Philippines, Pacquiao was brilliant, fast and accurate with his timing and combinations, completely frustrating and flustering the former WBA king. "You have to love what you do in order to do what I still do as a 39-year-old fighter," said Pacquiao, who trained hardest despite his age, pushing himself to the limit. But this time around, his new team of mostly Filipinos led by chief trainer Buboy Fernandez, acknowledged his conditions and custom-fit a new training regimen that brought back the power and the speed, however diminished a bit. "Do I look old,?" asked Pacquiao laughing in front of the members of media at the post-fight press conference. Every masterful stroke dealt by Pacquiao befuddled Matthysse who secretly plotted to retire Pacquiao. "Not today," said Pacquiao, who was cheered on by Philippine president Rodrigo Duterte who watched in the presidential suite with new Malaysian Prime Minister Mahathir Mohamad. "Of course, it was an extra motivational tool for me to fight well and careful." Fernandez warned his ward not to be too confident when he knocked down Matthysse for the second round, the Argentine taking a knee at the end of the fifth round. "It might have been a trick. But we were ready for Matthysse," said a beaming Fernandez, who for the first time, acted as chief trainer aided by strength and conditioning coach Justin Fortune and assistant Raides "Nonoy" Neri. Cutman Edgardo de la Vega was not much needed as Pacquiao was never in trouble. "We will take a rest for now before we decide what to do next," said Pacquiao, who goes back to work this week as the Philippine Senate opens its sessions. - RELEASE.....»»

Category: sportsSource:  abscbnRelated NewsJul 16th, 2018

Kiefer Ravena to start nationwide anti-doping awareness program

  MANILA, Philippines – While serving his 18-month FIBA suspension , Kiefer Ravena has trained his efforts on leading the country's anti-doping awareness program together with his PBA team NLEX Road Warriors.  "We're setting up a program for my advocacy when it comes to anti-doping. Hopefully it spreads knowledge, education, not only ........»»

Category: newsSource:  rapplerRelated NewsJul 7th, 2018

PHL franchise industry seen to grow by 15-20% this year

THE LOCAL franchise industry is confident of breaching the P1-trillion revenue mark this year as it aggressively positions the Philippines as the “franchise hub of Asia.”.....»»

Category: newsSource:  bworldonlineRelated NewsJul 4th, 2018

Marawi rehab on track despite search for new developer

MANILA, Philippines –  Even as it searches for a new developer to rebuild Marawi's most affected area (MAA), Task Force Bangon Marawi (TFBM) said it remained confident that the project will be completed by December 2021. “The project will still be completed as planned, by December 2021. The government is exercising ........»»

Category: newsSource:  rapplerRelated NewsJul 3rd, 2018

IFC launches first green bonds in Philippines

International Finance Corp., the investment arm of the World Bank Group for the private sector, has launched the Mabuhay Bond – the first peso-denominated green bond in the Philippines – to bankroll the optimization program of Lopez-led Energy Development Corp......»»

Category: financeSource:  philstarRelated NewsJun 25th, 2018

Sotto ready, confident

LOOKING forward to play against the big boys, Kai Sotto is up to the challenge when the Philippines compete in the Fiba U17 World Cup in Argentina starting on June 30. The 7-foot-1 Ateneo standout may have been so dominant here, but for Sotto, going up against the world's best….....»»

Category: newsSource:  journalRelated NewsJun 23rd, 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

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:  manilanewsRelated NewsJun 20th, 2018

Gov’t closer to ‘samurai’ bond sale

THE PHILIPPINES on Tuesday sought to drum up interest in the sale of yenggdenominated bonds planned next quarter, with economic managers pitching the country’s growth story to Japanese businessmen who gathered for a briefing in Tokyo. The post Gov’t closer to ‘samurai’ bond sale appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 19th, 2018

US Open hopes ultimate test doesn t feature trick questions

By Doug Ferguson, Associated Press SOUTHAMPTON, N.Y. (AP) — The U.S. Open wants to be the ultimate test in golf, and sometimes that leads to a series of trick questions. One of them was 14 years ago at Shinnecock Hills. A year after Jim Furyk tied the U.S. Open scoring record at Olympia Fields, the 2004 U.S. Open was so bone dry and lightning fast that only three players broke par on the weekend, none on Sunday. Fans having to move to the side because of a golf ball rolling toward them is not unusual, except when the player hit the shot with his putter from the green. Tee shots that landed on the seventh green rolled off the putting surface and into a bunker. One year after Rory McIlroy broke the U.S. Open scoring record at Congressional, no one broke par at Olympic Club in 2012 when Webb Simpson won. Moments like this lead to criticism that the USGA overreacts. Justin Rose sees it another way. "When everything is in balance, it's kind of boring," he said. "And I think in life, the closer you get to the edges, that's where the excitement is. So I would say the USGA is not reactionary. It's counterbalancing. So if you go too far one way, you've got to come back the other way. You don't want to fall off the edge." That's the question going into the 118th U.S. Open that starts Thursday. Might the USGA lean toward going easy on players because of what happened the last time at Shinnecock Hills? Or will it make it tougher on them because of the record scoring last year at Erin Hills? Brooks Koepka tied the record to par at 16 under, and six other players finished at 10 under or lower. "We're confident this should be a marvelous test," said Mike Davis, the chief executive of the USGA who has been in charge of setting up the courses for the U.S. Open since 2006 at Winged Foot, when the winning score was 5 over. Davis believes Shinnecock Hills is right where the USGA wants it, even with a light, steady rain on the final day of practice. Wednesday is never the measure of how a golf course presents itself. McIlroy is among those who likes what he sees. It's not a U.S. Open if players are not complaining, but it's been a quiet three days ahead of competition. The biggest question is whether the fairways are narrow enough. They are tighter than last year at Erin Hills, for sure, and an average of 15 yards wider than in 2004. "Honestly, I think they've got it right," McIlroy said. "It presents guys with options off the tee. You have to make a decision basically on every tee box what you're going to do. I'm obviously not that old, but when I watched U.S. Opens on TV and saw these long, narrow corridors of fairways and thick rough, that's what I was used to at a U.S. Open. ... If you look at the venues that are coming up, they're very traditional venues like Oakmont, Winged Foot, Pebble Beach. "Maybe you'll see more of what we perceive as a traditional U.S. Open setup." Rain was expected to yield to plenty of sun over the next four days, with the strongest wind on Thursday. Davis said he already has called several audibles on the original plan of where to put the pins on the greens, an example of the USGA not wanting the course to get on the wild side. Davis also said the winning score is not an issue at a major where par tends to be at a premium. "Never since I've been at the USGA — and it's been almost 30 years — I've never heard anybody at the USGA say we're shooting for even par," Davis said. "But we talk incessantly, 'How do we get the course to be really a great test of golf?' As we say, get all 14 clubs dirty to make sure that these players are tested to the nth degree." And what makes a good championship inside the ropes? The quality of the winner? Different players have won the last 15 U.S. Opens, the longest stretch of the four majors. The margin? The last playoff was 10 years ago when Tiger Woods won at Torrey Pines. Three of the last four U.S. Opens have been decided by three shots or more. "You need some great players in the mix," Rose said. "You need some great story lines." This U.S. Open is not lacking for either. Five players have a chance to replace Dustin Johnson at No. 1 in the world this week. Woods is hitting the ball well enough to win any week if he ever gets all parts of his game working together. To win a record-tying fourth U.S. Open would cap off an unlikely comeback following four back surgeries. Phil Mickelson, in the USGA record book with his six runner-up finishes, needs only this trophy to complete the career Grand Slam. "And then just a good test of golf where people think, 'Wow, they've really stepped up and played great golf under pressure,'" Rose added. "I think that's what people would like to see in this tournament is that guys are tested to the ends of the ability, to whether they can cope or not. And I think that's part of the charm ... not charm, but part of the allure of this tournament." The ultimate test starts Thursday. Results won't be available until the end of the week......»»

Category: sportsSource:  abscbnRelated NewsJun 14th, 2018

Honor eyes top 3 spot in PH smartphone market

Huawei’s Honor is confident to break into the Philippines’ top three smartphone brands, expecting to realize the same growth it enjoys in China market, a top official said. Honor Chief Executive Officer Wang Yang said with the brand’s aim to capture the large and young population of the Philippines, he was bullish Honor can get [...] The post Honor eyes top 3 spot in PH smartphone market appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 10th, 2018

House panel tasks BIR to look into Sereno’s possible tax liabilities

Since the missing Statements of Assets, Liabilities and Networth (SALN) of Chief Justice Maria Lourdes Sereno remain missing, the House committee on justice that has been holding hearings on the impeachment case against the top magistrate in the High Court has directed the Bureau of Internal Revenue (BIR) to begin an investigation on the possible tax liabilities of Sereno, owing to her having failed to file her SALNs for 17 years when she was still a law professor at the University of the Philippines (UP). At the resumption of the impeachment hearing to determine probable cause on the complaint filed by lawyer Larry Gadon against Sereno, panel chair Oriental Mindoro Rep. Reynaldo Umali asked BIR deputy commissioner Arnel Guballa to produce a report on or before February 19 Sereno’s tax payments. Among the basis cited by Gadon in his complaint was Sereno’s alleged failure to declare in her SALN from 2010 to 2016 her earnings as one of the private counsels of the government in the expropriation of the Ninoy Aquino International Airport Terminal 3 in the Piatco case amounting to P30 million. Based on documents Gadon was able to secure, Sereno reportedly filed her SALN in 1998, 2002 and 2006, even as she was employed as a professor by the UP College of Law from 1986 to 2006.Guballa, who submitted the Chief Justice’s income tax return from 2004 to 2009, said Sereno declared her income as a lawyer from a law office.Asked about Sereno’s income tax payments representing her earnings from the Piatco case, Gubala said they are still in the process of investigating this.“We can answer those questions when we will have conducted a formal investigation,” said Guballa, adding they will try to come up with a proposed deficiency or anything with regard to Sereno’s income in two weeks.“We are still collating information. We can answer those questions when we have conducted a formal investigation,” he said.“We will try our best in two weeks. . . . I will try my best to come up with a proposed deficiency or whatever we can made regarding the income the Chief Justice had made,” Guballa added.Sereno’s camp had said the Chief Justice received the Piatco fee in tranches so the full amount does not appear in her 2010 statement of assets, liabilities, and net worth.The camp of Sereno had a statement explaining that “Chief Justice Sereno has accurately and properly declared all her earnings as government co-legal counsel in the PIATCO cases.”Lawyer Josa Deinla, serves as Sereno’s spokeswoman.Deinla added that the BIR has not served any deficiency assessment notice to Sereno during the years she filed her income tax returns.“This only means one thing: All her income tax filings when she was a private lawyer were accurate and proper,” she said.“We are confident that the plan of the House committee to have the CJ’s ITR filings looked into by the BIR would prove that the Chief Justice had paid the corresponding taxes for the income she earned while in private law practice,” she added.Gadon, in an interview at the sidelines of the hearing, lauded the order of the panel to the BIR saying this would bolster his complaint aganst Sereno.“First we got certifications she did not file her SALNs during her tenure with the UP College of Law. Now, we will get a clearer picture of how she might have avoided paying taxes for her earnings on the Piatco case,” said Gadon.“In fact, the statement of the BIR, CJ Sereno declared her earnings from 2004 to 2009 as income for her practice as a lawyer and not as a professor from a state university which is something she should have to explain, too,” the lawyer added.Gadon also said that the action of the justice committee directing the BIR to investigate the tax payments and tax compliance of Sereno is living proof of the principle that the law should apply to all, even to the highest magistrate of the land. Hearing on CJ’s IT consultantIt was also a time for the justice panel to hear from IT consultant Helen Macasaet, who has been paid hefty consultant fees, with a monthly paycheck much higher than what the Supreme Court justices get paid.Macasaet admitted before the committee that she was paid a hefty P250,000 a month as a consultant of the High Court, which is higher than what SC justices are earning.Macasaet defended her consultancy fee saying it was much lower than what she used to earn in her previous engagements.According to Macasaet, she used to earn P925,000 a month as an IT consultant for the GSIS. The House panel is on its 14th hearing on the impeachment case, this time, to determine if there was probable cause to impeach her.In a press statement issued by Gadon, it said that in the hearing conducted yesterday, it turned out that the IT contract of Macasaet was renewed without bidding despite changes in the terms of reference and increase of the amount of more than double the original contract. “It turned out also that the legal staff of Sereno had the whims and caprices of determining the amount of the increase and the renewals in violation of procurement laws . Worse, these violations and anomalies were done with the express approval of Sereno. Even worse , it turned out that the IT consultant was allowed to work at some point without the contract having been signed yet! All the procedures of procurement were clearly violated by Sereno, Gadon said.GMA Online reported that a court attorney from the office of the Chief Justice also yesterday during the hearing confirmed that it was the head staff of the high magistrate who had introduced the IT consultant allegedly anomalously hired by the Supreme Court.“At the resumption of the House Committee on Justice hearing, court lawyer Michael Ocampo from Sereno’s office admitted that he was the one who submitted the curriculum vitae of IT consultant Helen Macasaet who was allegedly hired by Sereno “with an excessive compensation and without public bidding.”He admitted that he submitted the CV of Macasaet to the BAC when he was requested to do so.But when asked if the court lawyer knew Macasaet personally, he said he did not but was introduced to him by CJ’s chief of staff as an IT expert,” referring to lawyer Oliveros.Oliveros eventually admitted that Macasaet is her friend.Oliveros said she can only recommend somebody’s character. I know nothing about the EISP (Enterprise Information System Plan) and about ICT.Oliveros narrated that Sereno told her that the court’s EISP had been stalled for a while, and the position of the chief of the management information system office was vacant at the time.“The chief justice requested a meeting precisely because she wanted to talk, exchange ideas with Ms. Macasaet regarding the state of the EISP. And after that initial meeting she wanted to meet Ms. Macasaet and introduce her to the person in charge of the EISP which was Atty. Michael Ocampo at the Office of the Chief Justice,” she said.Lawyer Jojo Lacanilao, one of Sereno’s spokesmen said there was nothing irregular in Macasaet’s hiring as IT consultant.“The Supreme Court hired Ms. Macasaet from among three choices through negotiated procurement because her services are highly technical in nature and, therefore, exempted from public bidding under Section 53.7 of the 2009 Revised Implementing Rules and Regulations of R.A. 9184,” he said in an earlier press statement.The House justice panel is conducting deliberations to determine probable cause in the impeachment complaint lodged against Sereno.    With GMA online report.....»»

Category: newsSource:  tribuneRelated NewsJun 7th, 2018