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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: bworldonline bworldonlineJun 20th, 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

DOF: Top Japanese banks see strong demand for Philippine samurai bond float

The Department of Finance on Wednesday said top Japanese banks expect strong demand for the Philippines’ first stand-alone "samurai" bond float set in the third quarter of this year......»»

Category: financeSource:  philstarRelated 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

ASIAN GAMES: Philippine medalists given additional financial incentives

Medalists from the recently-concluded Asian Games just got richer after getting additional financial incentives for their hard work and success. The incentives, which were a sum of the funds given by the MVP Group, San Miguel Corporation and the PBA, were given to the athletes in a special ceremony before the Ginebra-San Miguel tussle at the Big Dome Sunday evening. Bronze medalists were awarded PHP 300,000 while silver medalists got PHP 500,000 and gold medalists were bestowed a prize of PHP 2,000,000 each.  The latter prize was is in addition of the previous incentives awarded by the Philippine government and the private sector of PHP 7,000,000 for the gold medalists. Some medalists were on-hand in the awarding ceremony, including Pauline Lopez (bronze, taekwondo); Agatha Wong (bronze, taijijian, taijiquan); Rogen Ladon (silver, boxing), Hidilyn Diaz (gold, weightlifting), Yuka Saso (gold, golf).  The winning National Sports Associations were also given a cash prize in a ceremony earlier this day. Finishing the quadriennial meet with a 4 gold- 2 silver-15 bronze medal count, the Philippines finished 19 out of 46 participating nations, coming up short of a top-15 finish that the national sports governing bodies had set for themselves, but a noticeable improvement from the 1-3-11 medal haul in the Incheon Games in 2014.  Philippine Olympics Committee (POC) President Ricky Vargas was nonetheless proud of the national athletes, whose countless hours of hard work and dedication had brought pride to the country. "That was difficult. We got 4 golds, which was something that we were very happy with. Also we just hit 19. Yung goal natin maging 15 eh darating rin tayo doon. Or even better," Vargas said after the ceremonies.  The ABAP President also added that additional private sponsors had pledged their support for the athletes in the upcoming South East Asian Games to be held in Clark and Manila late 2019. "They are coming in, and I am very happy that they are coming in. And they have confirmed their support just today. I spoke to some of them who were there in the Owner's Lounge there. So importante yun. Importante rin ang POC, di ba?" "So nag-meeting rin kami with [PSC Chairman William 'Butch] Ramirez and complete support for the South East Asian Games. They're coming to our place. To our home. We will perform well in our home."   __   Follow this writer on Twitter, @philipptionary.   .....»»

Category: sportsSource:  abscbnRelated NewsSep 23rd, 2018

Retain Peza incentives, foreign chambers urge

MEMBERS of the Joint Foreign Chambers of the Philippines said on Wednesday that although they support the government’s move to reduce corporate income taxes, the incentives enjoyed by firms in areas under the Philippine Economic Zone Authority (Peza) should be retained. In a press conference during the Arangkada Philippines forum, the American, Canadian, European, Japanese, [...] The post Retain Peza incentives, foreign chambers urge appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 12th, 2018

Los Angeles Fil-Ams blast Duterte for attempt to arrest Trillanes

LOS ANGELES - Filipino Americans gathered for a prayer vigil in front of the Philippine Consulate to express support for Senator Antonio Trillanes IV on September 8 following President Duterte's revocation of his amnesty for his role in coup attempts in 2003 and 2007 against former president Gloria Macapagal-Arroyo.   Trillanes' supporters condemned Proclamation No. 572 signed by President Rodrigo Duterte on August 31 alleging that the former soldier-turned-lawmaker never complied the requirements for amnesty and must face arrest,   To defend himself and challenge Duterte, Senator Trillanes proved the legal documents to the media that he accepted the amnesty off...Keep on reading: Los Angeles Fil-Ams blast Duterte for attempt to arrest Trillanes.....»»

Category: newsSource:  inquirerRelated NewsSep 11th, 2018

Habito: Employment gains not enough for PH

Employment improvements as of July do not mean the Philippine economy has improved significantly, a former Cabinet official said, given issues such as inflation having hit a new nine-year high. In a speech at the Chamber of Thrift Banks (CTB) General Membership meeting at a hotel in Makati City, former National Economic and Development Authority [...] The post Habito: Employment gains not enough for PH appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsSep 7th, 2018

ASIAN GAMES: Jordan Clarkson wants to play for Gilas again

In the 2018 Asian Games, Jordan Clarkson finally suited up for Gilas Pilipinas. Clarkson led the Philippines to 5th place in the Asiad, the country's highest finish in the tournament in 16 years. Jordan has his first international tournament under his belt and he's looking for more. "More to come!" Clarkson said in an Instagram post. "Can't wait for the next time I get to put the [Philippine] colors on. Laban Pilipinas! Puso!" he added. The entire experience, where he ended up battling with traditional Gilas rivals China and South Korea, was one to remember for Clarkson. "This experience was one I will never forget," Jordan said. "So blessed to play for the country and represent the flag and the people," he added. See Clarkson's full post below.   this experience was one i will never forget so blessed to play for the country and represent the flag and the people! loved playing for coach, along with my teammates/brothers building bonds that will hold strong. thanks for the opportunity and the support! MORE TO COME! CANT WAIT FOR THE NEXT TIME I GET TO PUT THE COLORS ON! LABAN PILIPINAS! PUSO! A post shared by Jordan Clarkson (@jordanclarksons) on Aug 31, 2018 at 7:18am PDT Here's to seeing Jordan in Gilas in the future.   --- Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsAug 31st, 2018

China invited to join Marawi pledging session

The Philippines has invited China to participate in a pledging session meant to raise international support for the recovery and rehabilitation of Marawi City. “Finance Secretary Carlos Dominguez 3rd extended the invitation to China during a meeting between a Cabinet-level Philippine delegation and officials of China’s Ministry of Commerce as he expressed the Philippines’ ‘deep gratitude’ for [...] The post China invited to join Marawi pledging session appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 28th, 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

ONE: Kevin Belingon targeting history against Martin Nguyen as well

If making history as the first three-division world champion in mixed martial arts is what Martin Nguyen is after in his highly-anticipated encounter against Kevin Belingon, the Filipino spitfire could likewise establish a new record for the Philippines in ONE Championship should he win over his Vietnamese-Australian foe. Both men are slated to face each other in the main event of ONE: REIGN OF KINGS, which takes place at the 20,000-seater SM Mall of Asia Arena in Manila, Philippines on July 27. ONE Championship has raised the stakes of the scheduled five-round clash between Belingon and Nguyen as the ONE Interim Bantamweight World Championship will be up for grabs. If Belingon succeeds in securing the gold-plated strap at the expense of Nguyen, the Philippines will set a record of most championship wins in the seven-year history of the promotion. “The main goal for Filipino martial arts athletes like me is to bring pride, honor and glory to our country. This match against Marin Nguyen on July 27 is another opportunity to hoist the Philippine flag aloft on the world stage of this beautiful sport,” he said. To date, there have been four Filipino world champions under the ONE Championship banner since 2013. Honorio Banario became the first Philippine-rooted competitor to notch a huge prize in ONE Championship when he defeated compatriot Eric Kelly by fourth-round stoppage for the inaugural ONE Featherweight World Championship in February 2013. It was followed by Brandon Vera, who crowned himself as the first ONE Heavyweight World Champion by knocking out Paul Cheng in 26 seconds with a high kick in December 2015. Meanwhile, Eduard Folayang pulled off a major upset victory over Japanese legend Shinya Aoki in November 2016 to capture the ONE Lightweight World Championship. Geje Eustaquio joined the list of Filipino world titleholders this past January, claiming the ONE Interim Flyweight World Championship with a split decision win over Kairat Akhmetov in a rematch before becoming the undisputed division kingpin in his second meeting with Adriano Moraes last June. With the ONE Interim Bantamweight World Title on the line, having his hand raised would symbolize so much to Belingon. Ever since losing to Bibiano Fernandes for the bantamweight crown in January 2016, Belingon has won five consecutive matches, routing the best contenders that the division has to offer. For Belingon, he could finally become a mixed martial arts world champion on July 27, which is the goal that he has been chasing ever since he launched his career in June 2007. “Becoming the champion has been my goal since my career started. It is a lifelong dream for me. I need to win my next bout to turn my dream into a reality,” he stated. “This is going to be a very exciting match. To take on an elite athlete like Martin, it will only be good for my experience. I look forward to testing my skills against him,” Belingon added. Sharing the cage with a dynamic knockout artist like Nguyen, Belingon asserted that he likes his chances versus the two-division world champion and shared his thoughts as to how things would play out at ONE: REIGN OF KINGS. “Martin has very good, high-level skills. His wrestling is very strong, and so is his boxing. He is aggressive, and he punches with power. There is no underestimating this guy,” he explained. “But I think his biggest weakness is his speed, especially in this fight. He is not faster than me. I think this will come down to who gets there first.” Although he is known for his explosive striking, massive knockout power, and fearlessness to engage, Belingon assured that he is prepared to go the distance with Nguyen. “I am training very hard to make sure I am well-equipped with everything I need to face any situation. If I have the opportunity to finish him, I will not hesitate to grab that chance. But I am prepared for this fight to go full five rounds as well,” he concluded......»»

Category: sportsSource:  abscbnRelated NewsJul 18th, 2018

Correspondent banks urged to use blockchain

Correspondent banks should capitalize on blockchain technology amid stiff competition, the chief of the Bangko Sentral ng Pilipinas (BSP) said. Central bank Governor Nestor Espenilla Jr. said this in a keynote address during the recent annual meeting of the Association of Philippine Correspondent Bank (APCB) Officers. “One recent development with significant impact to correspondent banking [...] The post Correspondent banks urged to use blockchain appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 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

Meet the 2018 World Cup All-Pogi Starting XI

The members of the World Cup All-Pogi Starting XI are not necessarily the starters in their respective teams.  This is a different kind of Starting XI. The kind that makes viewers want to stay plastered to their screens not just for the goals, but for those brief moments of close-ups that make the wait worth it. Our Pogi Starting XI follows the classic 4-4-2 formation. These fine fellas bring the “beautiful” to the beautiful game. Here we go.   GOALKEEPER Alphonse Areola, FRA   🇫🇷🆚🇵🇪 📍Ekaterinburg Arena 🕔 17h @equipedefrance #FRAPER #fiersdetrebleus A post shared by Alphonse Areola (@areolaofficiel) on Jun 21, 2018 at 12:19am PDT He may be the third choice keeper for Les Bleus but this 25-year-old, 6’3” Frenchman born to Filipino parents is definitely first in our hearts.   DEFENDER Gerard Pique, ESP   Focus A post shared by Gerard Piqué (@3gerardpique) on Dec 4, 2017 at 10:45am PST If Shakira thinks he’s hot, who are we to say otherwise?   William Ekong, NGA   End of a good camp with the @ng_supereagles. We keep working and improving. Thanks everyone for your support 🇳🇬🦅🙏🏽 A post shared by William Troost-Ekong (@wtroostekong) on Mar 28, 2018 at 8:32am PDT Ekong has Dutch and Nigerian ancestry and the 6’3” centre back’s fine mix of physical attributes from both sides of his family tree is more than evident.   Ramin Rezaeaian, IRN   ٨٠ ميليون نفر،يك ملت،يك ضربان قلب.. همه براي تيم ملي ايران ❤️🇮🇷🇮🇷🙏 80 milion people, One Nation, One Heart Beat.. Iran ❤️🇮🇷🙏i A post shared by Ramin Rezaeian (@raminrezaeian) on Jun 11, 2018 at 11:07am PDT Mr Rezaeaian owns the Derek Zoolander-approved Blue Steel 100%, and then some.    Gotoku Sakai, JPN   新しいスパイクを履いていいトレーニングできてます👍 #HereToCreate #X18 #スプリントスパイク #createdwithadidas A post shared by GotokuSakai_official (@sakai_go1123) on Jun 6, 2018 at 5:31am PDT Describing Gotoku-san as kawaii doesn’t even cut it. He’s an American-born Japanese right back and he definitely stands out among the Blue Samurai.   MIDFIELDER Isco, ESP   2️⃣2️⃣🇪🇸😍 A post shared by Isco Alarcon Suarez (@iscoalarcon) on Jun 8, 2018 at 11:07am PDT Isco, full name Francisco Roman Alarcón Suárez, rocks the millennial beard like it’s nobody’s business.    James Rodriguez, COL   El mejor café del mundo 🇨🇴✌🏼 A post shared by James Rodríguez (@jamesrodriguez10) on May 24, 2018 at 3:39pm PDT James Rodriguez? More like James Reid. James is your college crush that never seems to age. Andre Silva, POR   É sempre uma honra ter a oportunidade de representar @portugal! Unidos lutaremos pelo nosso objectivo #ConquistaOSonho A post shared by André Silva (@andresilva9) on May 17, 2018 at 1:32pm PDT Boyish good looks? Check. Eyebrows to die for? Check. Until you see his pool-side photos on Instagram. Who you calling a boy?   Makoto Hasebe, JPN   MHSC (Makoto Hasebe Sports Club) 一昨日は藤枝校と浜松校の交流戦を行いました。開校以来、子どもたちの成長するスピードに驚いています。そして子どもたちが楽しんでいる姿が何よりも嬉しいです。特別講義を傾聴する子どもたちのキラキラした目をみて改めて頑張ろうと思えた素晴らしい時間でした。 #mhsc #fujieda #hamamatsu #藤枝 #浜松 #藤枝総合運動公園サッカー場 #素晴らしい環境 #来年度の新しい校舎開校に向けて生徒もコーチングスタッフも募集しています #puma #長谷部誠 A post shared by 長谷部誠 Makoto Hasebe (@makoto_hasebe_official) on Dec 25, 2017 at 2:14pm PST That smile alone can net him a starring role in a Japanese telenovela   FORWARD Cristiano Ronaldo, POR   Parabéns meu querido filho! Estas a ficar um homem!👏🏽8️⃣🎂❤️ A post shared by Cristiano Ronaldo (@cristiano) on Jun 17, 2018 at 2:38am PDT A virtual lock not only for the Pogi Starting XI but also for the Pogi Hall of Fame.   Radamel Falcao, COL   Vamos a defender esta camiseta con el 💯 % de nuestras fuerzas, energías y capacidad. 🇨🇴 // we are going to fight for this colors with all our energy, strength and ability. A post shared by Falcao (@falcao) on Jun 13, 2018 at 2:40pm PDT He chopped off his lustrous locks for a trendy ‘short at the sides and longer at the top’ cut and the transformation is akin to Jon Bon Jovi shedding the glam-rock hair in the 90’s. Or long hair, short hair, we don’t care.   MANAGER Herve Renard - MAR Monsieur cuts a dashing figure in the touchline with his sun-kissed locks and striking blue gaze. Reminds one of an old-school Hollywood movie star, a classic European playboy or a striking yet dangerous Bond villain. Catch the 2018 FIFA World Cup Russia™ on S+A, S+A HD, LIGA, LIGA HD and via livestream......»»

Category: sportsSource:  abscbnRelated NewsJun 21st, 2018

Philippine officials off to Tokyo for samurai bond roadshow

A Philippine delegation is set to visit Tokyo this week to brief potential investors on the Philippine economy and discuss with Japanese officials the progress of the administration’s infrastructure projects, the Department of Finance (DOF) said over the weekend......»»

Category: financeSource:  philstarRelated NewsJun 17th, 2018

ADB raises funding for PH

The Asian Development Bank will lend the Philippines a higher $945 million this year mainly for infrastructure projects as part of the Manila-based multilateral lender's commitment to support the Duterte administration's ambitious "Build, Build, Build" infrastructure program. The state planning agency National Economic and Development Authority said that during a meeting between Philippine officials and executives of the ADB's Philippine country office last month, the latter said that their lending pipeline for 2018 consisted of two policy-based loans (worth $600 million), one result-based loan ($300 million) as well as two other projects ($45 million). In December last year, the A...Keep on reading: ADB raises funding for PH.....»»

Category: newsSource:  inquirerRelated NewsJun 12th, 2018

Strong economy prompts S& P to hike PH banks’ credit rating

    The credit rating of the Philippine banking system was raised by a notch by Standard & Poor's Global Ratings, citing favorable economic environment that is supportive of growth of banks, sound regulations, and improving industry fundamentals and trends.   With the upgrade, the local banking sector is now classified under the stronger category of'6'from the previous '7'on a scale of 1 to 10, with the latter reflecting the highest risk.   "High household consumption, investment, and exports (mainly of electronics, commodities, and services) continue to support economic activity," S&P said in its latest Banking Industry Country Risk Asses...Keep on reading: Strong economy prompts S&P to hike PH banks’ credit rating.....»»

Category: newsSource:  inquirerRelated NewsJun 6th, 2018

$1-billion Samurai bond issue eyed in Q3 2018

The Philippine government plans to issue $1 billion worth of Samurai bonds or yen-denominated securities in the third quarter of the year, a top official of the Bureau of the Treasury said yesterday......»»

Category: financeSource:  philstarRelated NewsJun 4th, 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

SEA Games: We will play Thailand in the Finals -- Suzara on PHI women s volleyball team

Southeast Asian Games Organizing Committee executive director and Philippine volleyball figure Ramon ‘Tats’ Suzara believes that the national squad will have a great chance to land a podium finish when the country hosts the 30th edition of the biennial meet from November 30 to December 10 next year. The men’s and women’s national squads participated in the last two SEA Games editions in Singapore and Malaysia after skipping the sport for a decade. However, the Nationals failed to land a medal both times. “Of course, people were expecting to get a medal last year in Kuala Lumpur but it doesn’t take a year to prepare the national team. It takes two SEA Games to prepare the national team,” said Suzara, who is also the FIVB and Asian Volleyball Confederation marketing and development committee chairman. PHI women’s volleyball team head coach Ramil De Jesus held two tryouts last month to form a new squad that will participate in the Asian Games in July and the Asian Cup in August.       Exposure in these major international competitions according to Suzara will equip the Pinay volleybelles in its search for a SEA Games medal. The Filipinas landed a bronze medal in the 2005 Manila edition and last won a gold medal back in 1993 in the Singapore meet. “In fact, they asked me why in the SEA Games why volleyball is important. I just told them that we will play Thailand in the Finals,” said Suzara. “Our women’s volleyball has to play very well in the Asian Games and in the Asian Cup but our target is the SEA Games.” “SEA Games is so important in our heart so we should play in the Finals,” he added. “Even our chef de mission Monsour Del Rosario asked me last night, ‘What do you think of our women’s volleyball? Can we play in the Finals?’ I just said that I’m always positive that our women’s volleyball should play in the Finals.” Volleyball is considered as the second most popular sport in the country next to basketball. The local organizing committee after the two-day SEA Games Federation Council meeting announced that volleyball games will be held at the Big Dome. And Suzara is optimistic that fans will fill the venue to show their support.    “I’m sure (fans will fill the arena),” he said. “Of course, we have men’s volleyball and we have to give that attention. But I think out women’s national team has to work hard and with their experience in the Asian Games this year and the Asian Cup we should know where we are at the level. We should work hard. Our national team should work hard to reach this level in 2019. “We still have a year and a half for our national team to be on top.”       --- Follow this writer on Twitter, @fromtheriles.....»»

Category: sportsSource:  abscbnRelated NewsMay 17th, 2018