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PNB to issue up to P20B in high-yield debt notes

Tycoon Lucio Tan-led Philippine National Bank is raising as much as P20 billion from the issuance of high-yield deposit notes, harnessing ample liquidity in the local financial system for its debt management and expansion program. PNB has obtained approval from its board to issue the long-term negotiable certificates of time deposit (LTNCTDs) in one or more tranches, subject to the approval of the Bangko Sentral ng Pilipinas (BSP). "The proceeds will be used to extend the maturity profile of the bank's liabilities as part of overall liability management, support compliance with required BSP liquidity ratios and raise long-term-funds for general corporate purposes," PNB said. LTN...Keep on reading: PNB to issue up to P20B in high-yield debt notes.....»»

Source: Inquirer InquirerCategory: 6 min. ago Related News

Back to drawing board for ailing Djokovic

MELBOURNE — It’s back to the drawing board for ailing 12-time Grand Slam champion Novak Djokovic with his immediate playing future uncertain after an injury-ravaged exit from the Australian Open. The former world no. 1 cut a disconsolate figure as he played to the bitter end in a agonizing defeat to South Korean young gun […] The post Back to drawing board for ailing Djokovic appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 5 min. ago Related News

Monetary Board sets ‘know-your-member’ rules for loan associations

THE Monetary Board (MB) approved on Tuesday new guidelines to protect Non-Stock Savings and Loan Associations (NSSLAs) members and its investments. In a statement on Tuesday, the MB said the guidelines cover the establishment of the true identity and eligibility of persons who want to become members of NSSLAs. “The Know-Your-Member (KYM) guidelines set clear […] The post Monetary Board sets ‘know-your-member’ rules for loan associations appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 5 min. ago Related News

Solaire to give Bloomberry shares to loyal patrons

A UNIT of Bloomberry Resorts Corp. (BRC) has bought P4.24 billion worth of the company’s shares, which will be given as a reward for loyal patrons of Solaire Resorts and Casino. In a disclosure to the stock exchange on Tuesday, BRC said the board of directors of its subsidiary Bloomberry Resorts & Hotels, Inc. (BRHI) […] The post Solaire to give Bloomberry shares to loyal patrons appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 5 min. ago Related News

Landbank board gives green light to acquire 66.67% stake in PDS

THE LAND BANK of the Philippines’ (Landbank or LBP) board of directors approved in its meeting yesterday the move to acquire a majority stake in the country’s fixed-income exchange, putting the state bank in competition with the Philippine Stock Exchange (PSE) in this regard. “LBP Board just approved in principle to acquire at least 66.67% […] The post Landbank board gives green light to acquire 66.67% stake in PDS appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance2 hr. 5 min. ago Related News

Ceres Negros stuns Brisbane Roar to advance in AFC Champions league

  Filipino football club Ceres Negros FC went into enemy territory and came away victorious, taking down Brisbane Roar 3-2, Tuesday afternoon in Brisbane, Australia to advance into the playoff round of the 2018 AFC Champions League.  The two-time A-League champions got off to a hot start after Massimo Maccarone got the home team on the board in the 35th minute.  Spanish star striker Bienve Marañon came up big for the visiting UFL champions once again, as he hit the equalizer in the 43rd minute to keep Ceres in the match.  Marañon kept it going as he converted once more in the 65th minute to give the Pinoy side the advantage.    Omid Nazari put the match out of Brisbane's reach after scoring in the 75th minute to make it a 3-1 advantage for Ceres Negros.  Eric Bautheac pulled one back in the 86th minute to make it a 3-2 match, but that would be the last of it as Ceres Negros held on for what many consider to be a massive upset.  After wins over Shan United and Brisbane Roar, Ceres Negros will continue their AFC Champions League campaign into the playoff round, where they'll be taking on Chinese Super League club Tianjin Quanjian at the Tianjin Olympic Center Stadium in Tianjin, China on January 30th.  The winner of that matchup will advance into the group stages.  No Filipino club has ever qualified for the annual tournament, which means Ceres Negros is one win away from making Filipino football history. .....»»

Source: Abscbn AbscbnCategory: Sports4 hr. 32 min. ago Related News

WATCH | RESTLESS MAYON VOLCANO: Albay govt extends danger zone to 9 km radius

As a result of the apparently growing risk of sudden violent eruption by the restive Mt. Mayon volcano in Albay, the local government has found it necessary to extend the danger zone to a radius of nine kilometers. The Philippine Institute of Volcanology and Seismology (PHIVOLCS) has maintained the alert status at Level 4, which […].....»»

Source: Interaksyon InteraksyonCategory: Top8 hr. 31 min. ago Related News

LTFRB ready for transport strike

A LAND Transportation Franchising and Regulatory Board (LTFRB) official yesterday assured that the agency is ready for the transport strike to be held today by the militant transport group Pinagkaisang Tsuper at Opereytor Nationwide (PISTON). LTFRB board member Aileen Lizada said they are not taking chances despite PISTON’s statement that….....»»

Source: Journal JournalCategory: News9 hr. 19 min. ago Related News

Sereno lawyer: Hiring of IT expert for SC e-projects above board

            The camp of Chief Justice Maria Lourdes Sereno on Tuesday maintained that there was nothing irregular in the hiring of information and communications technology (ICT) consultant Helen Macasaet, whose contract of services expired in November 2017.   Sereno's Spokesperson Atty. Jojo Lacanilao said the hiring of Macasaet was done in accordance with the government procurement law through an alternative mode called "negotiated procurement."     "The Supreme Court hired Ms. Macasaet from among three choices through negotiated procurement because her services are highly technical in nature and, therefo...Keep on reading: Sereno lawyer: Hiring of IT expert for SC e-projects above board.....»»

Source: Inquirer InquirerCategory: 12 hr. 19 min. ago Related News

Second MRT-3 glitch of the day offloads 1,134 passengers

More than 1,000 passengers of a northbound MRT-3 train were offloadedon Tuesdayevening in Pasay City due to a system problem. An MRT-3 report showed that the train dropped off 1,134 commuters at the northbound portion of Buendia station after it encountered an "ATP failure" at6:07 p.m. The service disruption was caused by "worn out ATP sub-components" like ATP board and ATP sensor, the report said. ATP stands for "automatic train protection." Affected passengers rode on a different train that arrived 10 minutes after. Earlier, the MRT-3 also experienced a "braking system error" at11:53 a.m.that unloaded its 500 passengers at the northbound portion of Santolan - Annapol...Keep on reading: Second MRT-3 glitch of the day offloads 1,134 passengers.....»»

Source: Inquirer InquirerCategory: 12 hr. 19 min. ago Related News

Hindi makatarungan : Grab, Uber drivers slam LTFRB for limiting cars

MANILA, Philippines – Grab and Uber drivers' group TeamSpeed was distraught upon hearing that the Land Transportation Franchising and Regulatory Board (LTFRB) had limited the maximum units of ride-hailing app-registered cars. "Ito ay hindi makatarungan para sa lahat bagkus pinapakita lamang ng LTFRB ang mahinang pamumuno (This is unjust for all, ........»»

Source: Rappler RapplerCategory: News17 hr. 31 min. ago Related News

CSC-7: Limited Slots Left for March 18 Exam in Cebu City

The Civil Service Commission (CSC) Regional Office-7 has announced that there are only 461 slots available as of Jan. 19 for the Career Service Examination scheduled on March 18, 2018. According to CSC-7 Public Assistance and Liaison Division Supervising Personnel Specialist Salve Ilustrisimo, their office has already received numerous applications and they are looking at […].....»»

Source: Metrocebu MetrocebuCategory: News19 hr. 19 min. ago Related News

Mayor to appoint MIWD directors after Dinagyang

Iloilo City Mayor Jose Espinosa III will appoint new members of the Metro Iloilo Water District’s board of directors after the Dinagyang Festival. In a press conference on Jan. 22, 2018, Espinosa said he is occupied with the demands of the Dinagyang Festival that is set to culminate this weekend. After the festival, the mayor […] The post Mayor to appoint MIWD directors after Dinagyang appeared first on The Daily Guardian......»»

Source: Thedailyguardian ThedailyguardianCategory: News19 hr. 53 min. ago Related News

BOI OKs Davao coffee project

THE Board of Investments (BOI) Extension Office in Davao has approved Pistacia Mindanao Coffee Export Inc.’s (PMCEI) P1-million coffee growing project. According to BOI, the project is the first micro and small enterprise (MSE) project approved under the export activities of the 2017 Investments Priorities Plan (IPP). The project would produce 2,250 kilograms of fermented [...] The post BOI OKs Davao coffee project appeared first on The Manila Times Online......»»

Source: Manilatimes_net Manilatimes_netCategory: News22 hr. 6 min. ago Related News

Jeepney drivers in Panay seek P12 minimum fare

ILOILO CITY---Transport groups on Panay Island are seeing a minimum fare of P12 for public utility jeepneys due to increased oil prices after additional taxes were imposed on fuel products. The Iloilo City Alliance of Jeepney Owners and Drivers Association (Iclajoda), Iloilo City Alliance of Drivers and Operators Association, and Confederation of Ilolo Provincial Jeepney Owners and Drivers Association have filed a petition in the Western Visayas regional office of the Land Transportation Franchising and Regulatory Board (LTFRB) seeking a P5.50 increase in the minimum fare, from the current P6.50. TRAIN impact Raymundo Parcon, Iclajoda president, said the increase was necessa...Keep on reading: Jeepney drivers in Panay seek P12 minimum fare.....»»

Source: Inquirer InquirerCategory: Jan 22nd, 2018Related News

Senator Poe tells LTFRB to explain cap on ride-sharing units

SENATOR GRACE Poe Llamanzares, chair of the public services committee, called on the Land Transportation Franchising and Regulatory Board (LTFRB) to “explain the science” behind its decision to cap the number of Grab, Uber and other ride-sharing units at 45,000 in Metro Manila, 500 in Metro Cebu, and 200 in Pampanga. “What’s the math used […] The post Senator Poe tells LTFRB to explain cap on ride-sharing units appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceJan 22nd, 2018Related News

PNB to raise up to P20B from LTNCD issuance

THE Philippine National Bank (PNB) is planning to raise up to P20 billion by selling peso-denominated long-term negotiable certificates of deposit (LTNCD). In a disclosure to the stock exchange, the Lucio C. Tan-owned bank said its board of directors on Monday approved the issuance of up to P20 billion peso-denominated LTNCDs in one or more […] The post PNB to raise up to P20B from LTNCD issuance appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceJan 22nd, 2018Related News

P10-M proposed for NegOcc farmers’ 2018 crop insurance

BACOLOD City – The Office of the Provincial Agriculturist (OPA) has proposed a budget of PHP10 million for the insurance premium of farmers in Negros Occidental for 2018. Provincial Agriculturist Japhet Masculino said over the weekend his office was waiting for the Provincial Board to approve the allocation. Negros Occidental has been partnering with the […] The post P10-M proposed for NegOcc farmers’ 2018 crop insurance appeared first on The Daily Guardian......»»

Source: Thedailyguardian ThedailyguardianCategory: NewsJan 22nd, 2018Related News

Results: January 2018 Sanitary Engineer board exam

This is a press release from the PRC. MANILA, Philippines – The Professional Regulation Commission (PRC) announces that 50 out of 96 passed the Sanitary Engineer Licensure Examination given by the Board of Sanitary Engineering in Manila this January 2018. The members of the Board of Sanitary Engineering who gave the licensure examination are Engr. Corazon ........»»

Source: Rappler RapplerCategory: NewsJan 22nd, 2018Related News

Du30 asked to look into LMWD irregularities

A TOP official of the Leyte Metropolitan Water District (LMWD) has appealed to President Rodrigo Duterte to look into alleged irregularities in his agency to guarantee an improved and continued delivery of potable water services as well as address peace and order concerns due to the presence of two board….....»»

Source: Journal JournalCategory: NewsJan 22nd, 2018Related News