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Daily Archives: March 3, 2020 | 12:07 am

SM Prime sets rates for initial tranche of P100B bond offering

SM Prime Holdings Inc. has set interest rates for the initial tranche of the P100 billion shelf registration approved by the Securities and Exchange Commission (SEC).

Gov’t upsizes Treasury bill award as rates decline amid virus fears

THE GOVERNMENT upsized the volume of Treasury bills (T-bills) it awarded on Monday as rates mostly continued to decline on investors’ continued flight to safe-haven assets.

Reality show merges travel, love

DATING CAN be a daunting proposition for many people but not for the people who are in Travel for Love, a reality lifestyle show from TLC Southeast Asia, featuring five “hopefuls” who will try and find love while travelling through the region.


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Euro Towers’ Vivaldi Davao ready for turnover by Q4

DAVAO CITY -- Euro Towers International, Inc. is in the finishing stage for its first condominium project here and is eyeing to start the turnover of units by the fourth quarter.

SC ‘sticks to facts’ in Iloilo utility dispute

THE Supreme Court (SC) maintained that it sticks to the facts and the law in coming up with a decision, following a call of a congressman to President Rodrigo R. Duterte to intervene in the case between the Razon-led MORE Power and Electric Corp. and Panay Electric Co. (PECO).

Consunjis’ Semirara business reports 21% slump in income

CONSUNJI-LED Semirara Mining and Power Corp. (SMPC) reported a 20.7% decrease in income last year to P9.6 billion after its coal business segment recorded a profit decline while one of its power plants recorded lower sales.

BPI looking to raise P5B from offering of bonds

BANK OF THE Philippine Islands (BPI) is targeting to raise P5 billion from the issue of peso fixed-rate bonds, which will mark its second issuance for the year.

One-stop-dating-shop

IN AN AGE where online dating is de rigueur, the “paradox of choice” can create and ruin chances of having a romantic connection, thus there may be a need for more tailored and personal experiences like what Violet Lim and her company, Lunch Actually, offers.

Federal Land taps Inax for ‘spalets’

FEDERAL LAND, Inc. is bringing a new standard of Japanese-inspired luxury living with The Seasons Residences in Bonifacio Global City.

Fed ready to cut rates despite doubt they can offset virus hit

THE FEDERAL RESERVE is now prepared to reduce interest rates this month even though it recognizes monetary policy cannot completely shelter a US economy increasingly threatened by the coronavirus.

The Invisible Man brings Universal’s monster movies back from the grave

EARLY ON in Universal Pictures’ new remake of The Invisible Man, the movie’s protagonist Cecilia Kass, played by Elisabeth Moss, learns that her ex-boyfriend, an abusive technology executive, has committed suicide and left her $5 million. There’s one catch: If she’s ruled mentally incompetent, she’ll lose the money.

Abu Dhabi luxury hotels allow some guests to leave after coronavirus scare

DUBAI -- Two luxury hotels in Abu Dhabi, which had been in lockdown amid concerns about the coronavirus during a professional cycling event, allowed some guests to leave on Sunday after they tested negative for the disease, company spokespersons said.

Five more senators move to extend ABS-CBN franchise

FIVE more senators moved to extend the validity of the ABS-CBN franchise until 2022, while its renewal remains pending in the 18th Congress.

RBA is all but certain to ease, money marts show

AUSTRALIA’S CENTRAL BANK is all-but certain to cut interest rates Tuesday, money markets show, after a key manufacturing gauge in top trading partner China slumped.

Australia’s housing boom is back in full swing

AUSTRALIA’S housing boom is back in full swing with prices in Melbourne reaching a record high, and Sydney not far behind.

Invisible Man emerges with $29 million opening weekend

LOS ANGELES — Universal and Blumhouse’s The Invisible Man materialized at the top of box office charts after debuting to $29 million in North America over the weekend.

Robinsons Land income up 6%

ROBINSONS Land Corp. (RLC) said its earnings in 2019 had increased by 6%, driven by the steady performance of its rental businesses.

Negative yields seen as outbreak spurs recession bets

THE SWIRL of fresh coronavirus cases and signs of the severity of the hit on the global economy have seasoned strategists warning that US growth could come to a halt this year and some Treasury yields may drop below zero — possibly as early as this week.

DMCI Homes finishes Bacoor development

DMCI PROJECT DEVELOPERS, Inc. said it has completed the four buildings of Alea Residences, its first condominium development in Bacoor City, Cavite.

Berlinale winner explores moral dilemmas of Iran’s capital punishment

BERLIN — A drama film shot in secret to evade government censorship that highlights the moral dilemmas faced by those caught in the web of Iran’s capital punishment machine won the Berlin Film Festival’s Golden Bear award on Saturday.

SMC unit maintains no billing statement received from by PSALM

SAN MIGUEL CORP. (SMC) said on Monday it was standing by its statement that its unit South Premiere Power Corp. (SPPC) had not received monthly billing statements from state-led Power Sector Assets and Liabilities Management Corp. (PSALM) that indicate an alleged deficiency claim amounting to P23.94 billion.

A promising start

THERE’S A huge lack of scary titles currently out on the market. Aside from the release of a few choice offerings such as the remake of Resident Evil 2 last year, the gaming landscape seems to have largely eschewed the genre; not many developers appear willing to try their hand at creating the next horror classic. Thankfully, Supermassive Games is not among them. From its humble beginnings making downloadable add-ons for the Sony PlayStation 3 platformer Little Big Planet in 2009, the independent company based in Surrey, England has come a long way; now, it’s recognized as an award-winning creator of content that pushes the envelope.

China gives relief to shield trillions of yuan in bad debt

CHINA’S financial regulators will allow the nation’s lenders to delay recognizing bad loans from smaller businesses reeling from the deadly coronavirus outbreak, giving temporary reprieve to trillions of yuan of debt.

Stylish living spaces at Amalfi

FILINVEST LAND, Inc. (FLI) unveiled a new model unit for its premiere residential mid-rise condominium Amalfi in Cebu City.
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Nestlé Philippines says coffee project boosts farmers’ yield and income

FOOD and beverage maker Nestlé Philippines, Inc. said on Monday that its project aimed at increasing the yield and income of coffee farmers turned in positive results last year.

How PSEi member stocks performed — March 2, 2020

Here’s a quick glance at how PSEi stocks fared on Monday, March 2, 2020.