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.
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.
Did you know that Chevrolet first used its “Bowtie emblem” logo in 1913 designed from wallpaper its founder once saw in a French hotel? Did you also know that a 1951 Chevrolet Styleline DeLuxe Convertible, formerly owned by ‘King of Cool’ Steve McQueen, will be auctioned off in March?
Interest rates on treasury bills stayed below 1 percent during Monday’s auction, with the yield on the 91-day securities plunging to a new record low of 0.05 percent.
High liquidity and optimism on the economy pushed investors to swamp the auction Wednesday for the government’s $500-million onshore dollar bond issue.
The Bureau of the Treasury will auction on November 28 to domestic investors some $500 million worth of 10.5-year bonds.
The state-owned Philippine Deposit Insurance Corp. (PDIC) will bid out next week 178 pieces of real property it has acquired to boost the resources for the payment of debts of banks placed under its receivership.
During the Important Philippine Art auction held by Salcedo Auctions on Sept. 22, Anita Magsaysay-Ho’s 1950 oil painting “Lady with Guitar” sold for P6.307 million, a whopping 425 percent over the painting’s estimated value of P1.2 million to P1.4 million.
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) plans to bid out starting November this year two government-owned contracted capacities as part of its asset management strategy.
The yield on the benchmark 91-day treasury bills eased further by 20.3 basis points to an average 1.249 percent as Monday’s auction showed mixed results.
Rizal Commercial Banking Corp. has revived interest to take over Export and Industry Bank, a shuttered commercial bank being auctioned off by its receiver, the state-owned Philippine Deposit Insurance Corp.
The state-run Power Sector Assets and Liabilities Management Corp. will push through with the bidding this week of four diesel-fired power barges and the operation and maintenance contract for the 650-megawatt Malaya thermal power plant in Rizal.
