PH sells P12B panda bonds amid strong demand

The Philippines has sold 1.46 billion renminbi or almost P12 billion in three-year panda bonds amid strong demand, although at a higher yield than the prevailing market rate in China. From Beijing, National Treasurer Rosalia V. de Leon said lateTuesdaythat the country's first panda bond issuance generated 9.22 billion renminbi in bids or 6.32 times bigger than the approved issue size. Quoting a report from de Leon, Finance Secretary Carlos G. Dominguez III told reporters in a text messageTuesdaynight that "the achieved coverage ratio is the largest all-time among any sovereign panda issuance." "With substantial demand, we were able to push coupon to lower end of price target of ...Keep on reading: PH sells P12B panda bonds amid strong demand.....»»

Source: Inquirer InquirerCategory: 1 hr. 14 min. ago Related News

Ayala Corp. drops after Mitsubishi sells shares

SHARES in Ayala Corp. fell sharply on Tuesday after a key shareholder sold a block of shares at a steep discount to the prevailing market price. Ayala shares plunged 7.23% — the biggest decline since September 2017 — to settle at P937 each at the close of trades on Tuesday after Mitsubishi Corp. unloaded 8.5 […] The post Ayala Corp. drops after Mitsubishi sells shares appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News16 hr. 14 min. ago Related News

Acudeen launching $35-M token sale

MANILA, Philippines — Acudeen Technologies, a Singapore-based digital marketplace that sells invoices ahead of their maturity, said it would launch a public.....»»

Source: Philstar PhilstarCategory: FinanceMar 18th, 2018Related News

Durian suman? Try it at the House of Suman

CLARIN, Misamis Occidental (MindaNews / 04 March) — Durian suman. Choco suman. Nangka suman. These and more you can find at the House of Suman which sells 14 flavors of suman (glutinous rice wrapped in banana leaves). “Name what kind of suman you like, we have it,” says Marlon Rhonda,  adding “we even have a […] The post Durian suman? Try it at the House of Suman appeared first on MindaNews......»»

Source: Mindanews MindanewsCategory: NewsMar 5th, 2018Related News

Philippines uses dollar pile against speculators — BSP governor

The Philippine central bank sells dollars from its pile to curb excessive peso volatility against speculators using a cut in banks’ reserve ratios “as pretext,” Governor Nestor Espenilla said. The peso, the worst-performing among emerging markets next to the Argentine currency, fell the most in three weeks on Feb. 19 after the Bangko Sentral ng […] The post Philippines uses dollar pile against speculators — BSP governor appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceFeb 25th, 2018Related News

Japan’s Isetan department store now sells chocolates made from Philippine cacao beans

JAPAN’S Isetan Mitsukoshi Group recently launched a new chocolate brand using cacao beans sourced from four Southeast Asian countries, including the Philippines, according to the trade department. In a statement, the Department of Trade and Industry’s Trade and Investments Promotion Group (DTI-TIPG) said Japan’s largest department store group sourced the cacao beans from Davao-based Plantacion […] The post Japan’s Isetan department store now sells chocolates made from Philippine cacao beans appeared first on BusinessWorld......»»

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

Roxas and Co sells 2.56-M treasury shares

LISTED holding firm Roxas and Company Inc. (RCI) announced that at the close of trading on Thursday, it sold a total of 2.56 million treasury shares at a price of P4.50 per share, in a bid to raise funds for working capital and expansion projects. The company made a series of disclosures to the Philippine [...] The post Roxas and Co sells 2.56-M treasury shares appeared first on The Manila Times Online......»»

Source: Manilatimes_net Manilatimes_netCategory: NewsFeb 15th, 2018Related News

Ayala Corp. eyes Kia distributorship deal

Conglomerate Ayala Corp. seeks to expand its car dealership business with a bid to acquire local distributorship rights for Korean automotive brand Kia. In a disclosure to the Philippine Stock Exchange yesterday, Ayala said a unit of wholly owned subsidiary AC Industrial Technology Holdings Inc. had received a notice from Kia Motors' Asia regional headquarters saying that it deemed the Ayala group "the preferred bidder" for the Kia distributorship in the Philippines. Negotiations are expected to start soon. "No definitive terms have been reached and we will make the appropriate disclosure of any agreement reached," the conglomerate said. For the Philippine market, Kia sells seda...Keep on reading: Ayala Corp. eyes Kia distributorship deal.....»»

Source: Inquirer InquirerCategory: Feb 7th, 2018Related News

Brady rookie card sells for $250,000

In February, a Tom Brady collectible jersey sold for $57,500 at auction. Three days before Super Bowl LII, that figure was shattered when a Brady rookie card sold on eBay for $250,000 on Thursday. A.....»»

Source: Philippinetimes PhilippinetimesCategory: NewsFeb 4th, 2018Related News

Manobo artist

Manobo artist John Vincent Callo stands beside his works of art in his shop outside the Mt. Apo Natural Park in Sitio Agco, Ilomavis,  Kidapawan City on 21 January 2018. Callo excels in painting using synthetic mud combined with oil. He sells his paintings for 1,500 to 3,000 pesos. Photo by JULES BENITEZ.....»»

Source: Mindanews MindanewsCategory: NewsJan 22nd, 2018Related News
Source: Bworldonline BworldonlineCategory: NewsJan 22nd, 2018Related News

Duterte sells $2B in 10-year bonds

THE Philippines sold $2 billion in 10-year bonds yesterday , reflecting the international market’s “strong support” for President Rodrigo Duterte’s government, according to Finance Chief Carlos Dominguez.. It was learned that the bonds were priced at 3 percent, compared to the initial guidance of 3.3 percent. It was the second….....»»

Source: Journal JournalCategory: NewsJan 19th, 2018Related News

Government sells 10-year dollar bonds

THE PHILIPPINES on Thursday launched 10-year dollar-denominated bonds, fulfilling one of three plans to tap offshore markets this year to help finance bigger state spending on infrastructure and social services in order to prod overall economic growth to a faster lane. The Treasury bureau announced in a notice on its Web site “the commencement of […] The post Government sells 10-year dollar bonds appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsJan 18th, 2018Related News

Sweet deal: Nestle sells U.S. candy to Ferrero for $2.8B

GENEVA, Switzerland – Nestle said Tuesday, January 16, it has agreed to sell its US candy business to Italy's Ferrero for CHF 2.7 billion ($2.8 billion/2.3 billion euros) in cash as the Swiss food giant shakes up its product portfolio. Ferrero, known for its Tic Tac, Nutella and Ferrero Rocher brands but ........»»

Source: Rappler RapplerCategory: NewsJan 17th, 2018Related News

PDIC sells P34.5 M foreclosed bank assets

MANILA, Philippines — State-owned Philippine Deposit Insurance Corp......»»

Source: Philstar PhilstarCategory: FinanceJan 1st, 2018Related News

A Woman’s Virginity Does Not Define Her

This column may contain strong language, sexual content, adult humor, and other themes that may not be suitable for minors. Parental guidance is strongly advised. The Christmas myth is centered around the notion of gift-giving at the purest and most exalted level. God so loved the world that he gave his only son and all that. Joseph so loved Mary that he married a pregnant single woman about to have the child whose father was reputedly not human but divine to save her from shame---you know the drill. And Mary so loved the Lord that she agreed to carry his child---he was going to save the world, after all---without giving up her virginity to anyone who was merely mortal. All of ...Keep on reading: A Woman’s Virginity Does Not Define Her.....»»

Source: Inquirer InquirerCategory: Dec 24th, 2017Related News

Mammoth skeleton sells for over $600K at French auction

The nearly intact skeleton of a woolly mammoth that lived at least 10,000 years ago was sold at auction for more than a half million euros Saturday in the southeastern French city of Lyon. The giant skeleton---mounted in a forward walking position with its enormous curved tusks with tones of caramel and ivory facing slightly downward---was bought by the chief executive of a French waterproofing company whose logo is of the prehistoric mammal. "We are going to display it in the lobby of our firm," said Pierre-Etienne Bindschedler, the CEO of Soprema. "I think we have enough room". Bindschedler bought the piece for 548,250 euros ($645,000) at the Aguttes auction house. One ...Keep on reading: Mammoth skeleton sells for over $600K at French auction.....»»

Source: Inquirer InquirerCategory: Dec 17th, 2017Related News

Who said sex sells? German sex shop chain goes bankrupt

BERLIN, Germany – Germany's pioneering sex shop chain Beate Uhse said Friday, December 15, that it has filed for insolvency, falling victim to the rise of erotic e-commerce. "The Management Board of Beate Uhse AG has decided to take this step because in the advanced negotiations with a group of investors ........»»

Source: Rappler RapplerCategory: NewsDec 15th, 2017Related News

Toyota eyes major boost in electric-powered vehicles

Japanese car giant Toyota said Wednesday it wanted half of its global sales to come from electric-powered vehicles by 2030, as the industry strives to meet toughening environmental regulations. Electric-powered vehicles currently represent around 15 percent of the roughly 10 million units Toyota sells annually -- mostly hybrids such as its best-selling Prius. "By 2030, we aim to have 50 percent or more of our total vehicle sales coming from electric-powered vehicles, such as hybrid, plug-in hybrid, EV and FCV (fuel-cell vehicle)," announced President Akio Toyoda in a rare public appearance. Toyoda said the target would mean selling around 5.5 million electric-powered vehicle...Keep on reading: Toyota eyes major boost in electric-powered vehicles.....»»

Source: Inquirer InquirerCategory: Dec 13th, 2017Related News

Century Properties pre-sells Batulao Artscapes

MANILA, Philippines — Listed property developer Century Properties Group Inc......»»

Source: Philstar PhilstarCategory: FinanceDec 11th, 2017Related News