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Liquidity trims 2-year bond yield


The two-year Treasury bond fetched a lower yield in the latest auction for government securities as substantial liquidity in the domestic market boosted demand for investment outlets.

Posted: April 23rd, 2014 in Headlines | Read More »

Italy sells luxury state cars on eBay


Italy’s cash-strapped government has raised more than 370,000 euros by selling 52 luxury cars owned by the state through online auction site eBay, the prime minister’s office has said.

Posted: April 18th, 2014 in Latest Business Stories | Read More »

Online auction for 240 Titanic artifacts

This schematic illustration obtained April 3, 2014, courtesy of RR Auction shows a rare original cross-section and plan labeled “S. S. ‘Titanic,’” in the lower left corner and marked “No. 8” in the upper right corner, 30″ x 26″, drawn to a scale of 1/32 inches to one foot, and rubber stamped by Harland and Wolff, with a handwritten date within the stamp of May 1, 1912, just one day before the opening statements were given at the British enquiry, at which this plan was used. RR Auction will feature the Titanic’s original building plans that include hand-drawn notations, used during the official British enquiry into the most devastating maritime tragedy in history in its upcoming Titanic themed auction, later this month. This piece was discovered at the old Cunard Line office, which merged with White Star Line in 1934. Originally sold by Onslow’s in London, on April 15, 1987, the plan then went on display at the Ulster Museum in Belfast. It was then offered at auction by Henry Aldridge & Son, at which time it became a part of a private collection. It has since been on display at the Titanic Museum in Branson, Missouri. AFP PHOTO/RR AUCTION/HANDOUT

Hundreds of artifacts linked to the doomed luxury liner Titanic will be sold online this month and could fetch as much as a million dollars, Boston-based auction house RR said on Thursday.

Posted: April 4th, 2014 in Latest Business Stories | Read More »

GSIS bent on disposing assets


The government Service Insurance System (GSIS) will auction off three more real estate properties in April and considers selling more this year.

Posted: February 9th, 2014 in Headlines | Read More »

Top firms drawn to P64.9-B LRT project


At least five groups are keen on the second auction for a tweaked version of the government’s P64.9-billion Light Rail Transit Line 1 (LRT-1) Cavite extension project after the Transportation department on Tuesday issued an invitation to bid.

Posted: December 3rd, 2013 in Headlines | Read More »

GSIS to bid out P1B in property assets


The Government Service Insurance System will auction off six property assets worth over P1 billion next month to further boost liquidity of the state-run pension fund.

Posted: November 18th, 2013 in Latest Business Stories | Read More »

P159M will buy crony’s property

The Presidential Commission on Good Government (PCGG) will put on the auction block next month the 1.7-hectare Baguio City property surrendered to the government by the late Marcos crony Jose Y. Campos 27 years ago.

Posted: November 4th, 2013 in Latest Business Stories | Read More »

SPC unit bids highest for power barges


SPC Power subsidiary SPC Island Power Corp. submitted the highest bid for the first package of power barges (PBs) put up for auction by the Power Sector Assets and Liabilities Management Corp. (PSALM).

Posted: October 31st, 2013 in Headlines | Read More »

Vivant to bid for 4 power barges in PSALM auction


Publicly-listed Vivant Corporation will bid for four power barges being auctioned off by the Power Sector Assets and Liabilities Management Corp. (PSALM).

Posted: August 23rd, 2013 in Latest Business Stories | Read More »

DOTC reviews Incheon plan to join Mactan bid


The Department of Transportation and Communications (DOTC) is deliberating over the participation of South Korea’s Incheon International Airport Corp. in the auction of Cebu’s main air gateway after concerns were raised that it may have an “undue advantage.”

Posted: June 21st, 2013 in Headlines | Read More »

Missing affidavit


SM Prime Holdings Inc. president Hans Sy, the designated representative to the SM group’s public-private partnership (PPP) initiatives, did not realize that a lot of manual labor was required to participate in these auctions.

Posted: April 23rd, 2013 in Featured Columns,Headlines,Inquirer Columns | Read More »

Bourse to auction off brokerage seat anew

The Philippine Stock Exchange will attempt anew to bid out the trading right held by Sapphire Securities Philippines Inc., a local brokerage house once owned by sovereign wealth fund manager Brunei Investment Agency.

Posted: March 27th, 2013 in Headlines | Read More »



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