Bonds sale target

MANILA, Philippines  -DoubleDragon Corp., the real estate venture between tycoons Tony Tan Caktiong and Edgar “Injap” Sia II, said its overseas subsidiary raised an additional $20 million via a bond sale in Singapore. In a stock exchange filing on Thursday, the developer said DDPC Worldwide Pte. Ltd. raised the amount though a tap offering of its outstanding $160 -million 7.25 percent notes due 2025 that are listed on the Singapore Exchange Securities Trading Ltd. “Use of proceeds intended for the development and construction of Hotel101 overseas projects and for general corporate purposes,” DoubleDragon said. This was in line with the broader goal to export the Hotel10 in the International market. “DoubleDragon envisions its subsidiary Hotel101 Global Pte Ltd to reach 500,000 uniform Hotel101 room portfolio globally by 2040 and aims to make the homegrown Filipino Hotel101 brand become one of the top 5 global hotel groups operating in over 101 countries,” DoubleDragon said. … [Read more...] about DoubleDragon raises $20M via offshore bond sales

Share to Twitter Share to Linkedin Topline Mortgage rates tumbled last week to their lowest level in over a month, according to data released Wednesday morning by the Mortgage Bankers Association, as waning confidence in the U.S. banking system provides a reprieve to home buyers. Key Facts The average 30-year fixed mortgage rate slipped from 6.71% to 6.48% last week, falling to its lowest level since mid-February and its largest percentage decline since November. Mortgage applications rose 3% last week, according to the survey, as buyers take advantage of rapidly declining home prices. That followed a wild stretch for the banking sector – headlined by the failures of Silicon Valley Bank and Signature Bank, the nation’s second and third-biggest such failures ever – causing investors to pack into safer assets such as government bonds. Yields for 10-year U.S. Treasury notes sank 70 basis points to 3.4% in the two-week period … [Read more...] about Housing Market: Mortgage Rates Sink To 5-Week Low Amid Bank Havoc

Share to Twitter Share to Linkedin Key News Asian equities were mostly higher overnight as the Yuan and the Asia Dollar Index both gained significantly versus the US dollar. Xi Jinping returned to Beijing from Russia with some lower-level agreements, especially regarding the northern and eastern borders. I have not heard an update on Xi’s call with Ukrainian leader Zelenskyy, but we know that he is keen to meet with the Chinese president. Given his reticence about Xi’s visit to Moscow, we can assume that he is open to hearing Xi out. An end to the war could be a positive black swan for markets. Tencent’s over-the-counter ADR traded at a significant discount to its Hong Kong share class, which was up +8% overnight versus the ADR's only +2% gain yesterday. This echoes the continued disparity between US and global/China views of China. Tencent’s results were slightly lower than expected, but the company is rebounding in its advertising division after the … [Read more...] about Yuan Strengthens Versus USD, Tencent Soars On Earnings

Share to Twitter Share to Linkedin Business Development Executive at Jafton.com | Expert in growth strategy and revenue generation. Every business needs technology in today's fast-changing environment. As a business development professional, I understand the importance of driving productivity, client engagement and revenue growth. Technology can help you reach these goals and more. Today I’m going to look into areas where technology can be leveraged to manage and grow a business more effectively. I will primarily focus on automation, data analytics and content generation to streamline processes, get audience insights and generate compelling content that converts. Automation Tools Effective time management is one of the greatest obstacles many managers face. Here, automation can be a game-changer. Automation tools may help you optimize your process, reduce time-consuming chores and guarantee continuous follow-up with leads and customers. … [Read more...] about Leveraging Technology For Business Development

As Liverpool exited the Champions League with a whimper against Real Madrid, many fans are genuinely concerned about their side’s chances of qualifying for next season’s competition. Inconsistency in the Premier League, coupled with a series of long-term injuries across a variety of positions exposed the fragility in the Reds’ depth, and while momentarily masked with the 7-0 thrashing of rivals Manchester United, in all honesty, the two legs against Madrid were nothing short of hopeless. Despite a fast start in which Jurgen Klopp’s side rolled back the years, cruising into a 2-0 lead, there was a sheer gulf in class between Liverpool and Madrid, something that was far more apparent than when they met in last season’s final only last May. The 14-time champions never panicked and essentially killed the tie in the first leg, making the formality of a 1-0 win on their own patch all the more frustrating for the Reds, as Los Blancos barely got out of second gear. A … [Read more...] about Liverpool Need Fresh Faces In The Summer — A Defender Should Be Top Priority

Key Takeaways ADB’s fourth Southeast Asia Development Symposium (SEADS) will bring together decision-makers, innovators, and climate leaders from government, industry, academia, and the development sector to discuss practical ways to achieve carbon neutrality by 2050. SEADS 2023’s plenary panel discussion, “Financing Net Zero,” will explore measures to bridge the gap in climate financing, and enable countries in ASEAN to attain net-zero and the Sustainable Development Goals. SEADS 2023 will launch a new ADB report, ASEAN and Global Value Chains: Locking in Resilience and Sustainabliity, which provides actionable insights for strengthening ASEAN’s value chain resilience against the impacts of climate change. ADB SEADS 2023 will be a low-carbon event, with less than 10% of participants travelling to the sustainable venue, and with carbon offsets for every attendee. In response, countries in Southeast Asia have committed to decarbonization, with eight out of 10 member … [Read more...] about ADB SEADS 2023: Imagining a Net-Zero ASEAN

A man watches stock quotations on an electronic board outside a brokerage, in Tokyo, Japan, March 20, 2023. REUTERS/Androniki Christodoulou SINGAPORE   – Asian shares spiked on Thursday and the dollar slid after the U.S. Federal Reserve hinted it could pause interest rate rises following turmoil in the banking sector, though it also reiterated its commitment to fighting sticky inflation. In a widely expected move, the Fed raised interest rates by 25 basis points, but it recast its outlook to a more cautious stance as a result of the banking stress. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1 percent to touch a two-week high of 515.62. The index was on track for its best week in more than two months. Focus now shifts to the Bank of England, with investors expecting a quarter-percentage-point increase in its policy rate after a surprise jump in inflation squashed hopes of the central bank pausing its tightening campaign. Asia’s rally looked unlikely to … [Read more...] about Asian shares surge, dollar slips after Fed hints at rate pause

Last season’s record revenue for Major League Baseball translates into all-time-high valuations for its teams. By Mike Ozanian and Justin Teitelbaum T he eroding economics of regional sports networks made little difference: Major League Baseball teams are still hot assets. Before Arte Moreno pulled the plug on selling his Los Angeles Angels in January, he would have gotten at least $2.7 billion, or $280 million more than the MLB record $2.42 billion that Steve Cohen paid for the New York Mets in 2020, according to people familiar with the sale process. The average MLB team value is up 12% this year, to $2.32 billion. During the 2022 season, revenue (net of stadium debt service) increased 7.8%, to an all-time high of $10.3 billion. The top-line gain was driven by a 64% increase in ticket revenue (including postseason and spring training), to $2.4 billion (the 2021 season started with nearly all ballparks under capacity restrictions) and a 35% increase in … [Read more...] about Baseball’s Most Valuable Teams 2023: Price Tags Are Up 12% Despite Regional TV Woes

Share to Twitter Share to Linkedin Victoria Kennedy is a Wall Street Journal best-selling author, TEDx speaker, and the CEO of Victorious PR . For some time now, economists have been speculating about the next recession, questioning whether 2023 will indeed be the year of the next economic downturn. Most believe that it’s likely to happen this year, so questions have shifted to “How long will it last?” Many consumers are paying more attention than ever to where they are spending their money. For this reason and many others, businesses need to ensure that they are seen as the best and most reputable. Naturally—and logically—this leads to informed discussions about strategy, sales, client retention, client relationships and so much more. While marketing might be the first thing that pops into a lot of business owners’ minds, the answer for many becomes public relations. Many view PR as a want, not a need, but with influencer marketing and … [Read more...] about Public Relations During A Recession: What You Need To Know To Move Your Business Forward

MANILA, Philippines  -The Olivares family-led housing developer Ovialand Inc. filed a P2.2-billion initial public offering (IPO) plan on Thursday to boost its pioneering premium affordable homes business and grow its land bank by nearly five times to over 200 hectares in five years. The builder, which is also partly owned by mass housing veteran Januario Jesus Gregorio Atencio III, is selling up to 396 million shares in June at a maximum offer price of P5.60 per share, its prospectus dated March 17, 2023 showed. SB Capital was tapped as sole underwriter for the offer. “Our public listing marks a new chapter in our history, as this is a launchpad for us to achieve greater milestones in providing the premier family living experience to our customers,” Ovialand CEO Marie Leonore Fatima “Pammy” Olivares-Vital said in a separate statement on Thursday. Ovialand gave approximate dates of the IPO in its prospectus. It said pricing of the shares would happen around June 12 this year … [Read more...] about Olivares-led Ovialand sets land buying spree with P2.2-B IPO