tg-65: Treasury Department Releases Details on Public Private Partnership Investment Program: "March 23, 2009
tg-65
Treasury Department Releases Details on Public Private Partnership Investment Program
Fact Sheet
Public-Private Investment Program
View White Paper and FAQs at http://financialstability.gov
The Financial Stability Plan – Progress So Far: Over the past six weeks, the Treasury Department has implemented a series of initiatives as part of its Financial Stability Plan that – alongside the American Recovery and Reinvestment Act – lay the foundations for economic recovery:"
Sunday, March 29, 2009
PPIP May Be Good For Banks, S&P
PPIP May Be Good For Banks, S&P:
"The missing blueprint for dealing with the most distressed assets on U.S. bank balance sheets has arrived, but it's still too early for rated issuers to celebrate, according to a Standard & Poor's Ratings Services report published today.
After a false start with the original Troubled Asset Relief Program (TARP) in 2008, the U.S. Treasury this week unveiled its concrete plan for the Public Private Investment Program (PPIP), which aims to introduce some liquidity--and hence some pricing transparency--into the markets for banks' 'toxic assets,' namely real estate-related loans and securities. If PPIP unlocks the market and establishes prices for these hard-to-value assets, we believe it could signal the beginning of a recovery for the U.S. banking sector. Its effects, however, won't likely be visible for several months, nor are they certain enough to affect ratings at this point."
"The missing blueprint for dealing with the most distressed assets on U.S. bank balance sheets has arrived, but it's still too early for rated issuers to celebrate, according to a Standard & Poor's Ratings Services report published today.
After a false start with the original Troubled Asset Relief Program (TARP) in 2008, the U.S. Treasury this week unveiled its concrete plan for the Public Private Investment Program (PPIP), which aims to introduce some liquidity--and hence some pricing transparency--into the markets for banks' 'toxic assets,' namely real estate-related loans and securities. If PPIP unlocks the market and establishes prices for these hard-to-value assets, we believe it could signal the beginning of a recovery for the U.S. banking sector. Its effects, however, won't likely be visible for several months, nor are they certain enough to affect ratings at this point."
Thursday, March 26, 2009
MetroModern Interiors
MetroModern Interiors:
"MetroShed packages are based on Full Loaded MetroShed (brand new 2008 MetroShed with Cedar beam construction, Double-Glazed doors, electric kit, insulated walls and doors locks). The MetroShed is delivered flat packed and requires assembly. No building experience is necessary. You will need a screw gun, ladder and gloves.
MetroCabin packages are based on Basic MetroCabin (2008 MetroCabins with Birch, Spruce and curved Steel roof beam construction, Double-Glazed doors, insulated walls and best-of-the-best Dura-Last Roofing). The MetroCabin is delivered flat packed and requires assembly.
BoConcept furniture is delivered flat packed and requires assembly.
MetroShed Dining PackageAmari Dining Table – Black Stained Oak
Amari Dining Chair – Black Stained Oak with white leather seat covers
Occa Console and Shelving – Black Stained Oak
ALL NEW 2008 MetroShed 9x13 Value:
$11,300Package Value:
$5,500Total Price for Furnished MetroShed with Dining Package:
$13,550Total Savings:
$$3,250"
"MetroShed packages are based on Full Loaded MetroShed (brand new 2008 MetroShed with Cedar beam construction, Double-Glazed doors, electric kit, insulated walls and doors locks). The MetroShed is delivered flat packed and requires assembly. No building experience is necessary. You will need a screw gun, ladder and gloves.
MetroCabin packages are based on Basic MetroCabin (2008 MetroCabins with Birch, Spruce and curved Steel roof beam construction, Double-Glazed doors, insulated walls and best-of-the-best Dura-Last Roofing). The MetroCabin is delivered flat packed and requires assembly.
BoConcept furniture is delivered flat packed and requires assembly.
MetroShed Dining PackageAmari Dining Table – Black Stained Oak
Amari Dining Chair – Black Stained Oak with white leather seat covers
Occa Console and Shelving – Black Stained Oak
ALL NEW 2008 MetroShed 9x13 Value:
$11,300Package Value:
$5,500Total Price for Furnished MetroShed with Dining Package:
$13,550Total Savings:
$$3,250"
MetroCabin
MetroCabin:
"MetroCabin was developed in direct response to those customers looking for a larger pre-fab modern space. MetroCabin is a livable 16 feet deep by 20 feet wide multi-use open plan space.
The MetroCabin is Transportable Architecture; a distinctive pre-fab structure built in a factory and assembled by our team or you on your site. It's a livable getaway cabin, a studio, an extra room, a cabana, or a mountain retreat. The simple and sophisticated design allows it to exist easily in an urban setting, while the quiet strength and sturdy attitude are comfortable in a more rugged environment.
The MetroCabin is not a low quality 'KIT'; this unique space comes with the wall panels pre-assembled. All other parts are precision cut. It's engineered to exacting specifications and built with the highest quality materials. 2 people can assemble the cabin in about 3 days."
"MetroCabin was developed in direct response to those customers looking for a larger pre-fab modern space. MetroCabin is a livable 16 feet deep by 20 feet wide multi-use open plan space.
The MetroCabin is Transportable Architecture; a distinctive pre-fab structure built in a factory and assembled by our team or you on your site. It's a livable getaway cabin, a studio, an extra room, a cabana, or a mountain retreat. The simple and sophisticated design allows it to exist easily in an urban setting, while the quiet strength and sturdy attitude are comfortable in a more rugged environment.
The MetroCabin is not a low quality 'KIT'; this unique space comes with the wall panels pre-assembled. All other parts are precision cut. It's engineered to exacting specifications and built with the highest quality materials. 2 people can assemble the cabin in about 3 days."
Friday, March 20, 2009
Barclays boss sees future in small stuff - Telegraph
Barclays boss sees future in small stuff - Telegraph:
"Marcus Agius, the chairman of Barclays, is seated in a breezeblock hovel somewhere deep in a Filipino slum. He is playing with the three children who live there and asking their mother about the support she receives from a programme set up by Unicef and Barclays.
Not used to reflecting on her situation, Cristina is suddenly overcome with emotion and bursts into tears."
"Marcus Agius, the chairman of Barclays, is seated in a breezeblock hovel somewhere deep in a Filipino slum. He is playing with the three children who live there and asking their mother about the support she receives from a programme set up by Unicef and Barclays.
Not used to reflecting on her situation, Cristina is suddenly overcome with emotion and bursts into tears."
Thursday, March 19, 2009
CARD BANK - A Microfinance-Oriented Rural Bank
CARD BANK - A Microfinance-Oriented Rural Bank:
"On September 1, 1997, in San Pablo City where it all started, CARD Rural Bank opened its doors to the public. The event marked a first in the Philippine rural development landscape: CARD is the first microfinance NGO in the country to transform itself into a bank. At the time of its transformation, CARD was on the 8th year of its credit and savings operations, using a modified Grameen Bank methodology to bring financial services to landless rural poor women in the provinces of Laguna, Quezon, Masbate, Mindoro and Marinduque."
"On September 1, 1997, in San Pablo City where it all started, CARD Rural Bank opened its doors to the public. The event marked a first in the Philippine rural development landscape: CARD is the first microfinance NGO in the country to transform itself into a bank. At the time of its transformation, CARD was on the 8th year of its credit and savings operations, using a modified Grameen Bank methodology to bring financial services to landless rural poor women in the provinces of Laguna, Quezon, Masbate, Mindoro and Marinduque."
SOS Children's Villages Philippines
SOS Children's Villages Philippines
The SOS Children's Village concept was born out of Dr. Hermann Gmeiner's conviction that help for orphaned and neglected children can only be effective when they grow up within a family and a home.
With its eight to fifteen family houses, the SOS Children's Village constitutes a social network that offers the children scope for contacts within a protected framework. At the same time the SOS Children's Village is also the children's bridge to the world at large (school, clubs, the church, neighbors, etc).
This is the main focus and point of departure for the organization’s global activities. Every Village offer permanent home in a family-style environment to children who have lost their parents or can no longer live with them.
The SOS Children's Village concept was born out of Dr. Hermann Gmeiner's conviction that help for orphaned and neglected children can only be effective when they grow up within a family and a home.
With its eight to fifteen family houses, the SOS Children's Village constitutes a social network that offers the children scope for contacts within a protected framework. At the same time the SOS Children's Village is also the children's bridge to the world at large (school, clubs, the church, neighbors, etc).
This is the main focus and point of departure for the organization’s global activities. Every Village offer permanent home in a family-style environment to children who have lost their parents or can no longer live with them.
United Nations Capital Development Fund
United Nations Capital Development Fund: "Strategy for Building Inclusive Financial Sectors
UNCDF's vision of inclusive finance is of large-scale access to a variety of financial services for poor and low-income people and micro and small enterprises. Inclusive financial sectors are defined by a continuum of financial institutions that together offer appropriate financial products and services to all segments of the population. To operate effectively, inclusive financial sectors need to be supported by sound policy, legal and regulatory frameworks. Overall they are characterized by[1]:"
UNCDF's vision of inclusive finance is of large-scale access to a variety of financial services for poor and low-income people and micro and small enterprises. Inclusive financial sectors are defined by a continuum of financial institutions that together offer appropriate financial products and services to all segments of the population. To operate effectively, inclusive financial sectors need to be supported by sound policy, legal and regulatory frameworks. Overall they are characterized by[1]:"
US-based Cybernet opens first facility in RP - INQUIRER.net, Philippine News for Filipinos
US-based Cybernet opens first facility in RP - INQUIRER.net, Philippine News for Filipinos: "By Lawrence Casiraya
INQUIRER.net
First Posted 16:35:00 03/19/2009
Filed Under: business process outsourcing (BPO), Investments, Technology (general)
MANILA, Philippines--US-based Cybernet-Slash Support has opened its first contact center in the country, industry monitor Callcentres.net said.
The company, which provides information technology support, has begun operations in its 291-seat facility located in Taguig City.
Fifty technical support employees have started work at the facility. This number is expected to double in the next two months."
INQUIRER.net
First Posted 16:35:00 03/19/2009
Filed Under: business process outsourcing (BPO), Investments, Technology (general)
MANILA, Philippines--US-based Cybernet-Slash Support has opened its first contact center in the country, industry monitor Callcentres.net said.
The company, which provides information technology support, has begun operations in its 291-seat facility located in Taguig City.
Fifty technical support employees have started work at the facility. This number is expected to double in the next two months."
Friday, March 13, 2009
Philippines says Napocor global bond still up for approval | Markets | Reuters
Philippines says Napocor global bond still up for approval Markets Reuters: "MANILA, March 3 (Reuters) - The Philippines finance department has yet to approve a plan to raise up to $1 billion in global bonds for state-run National Power Corp (Napocor), a government official said.
The timing of the offer for Napocor, the Philippines' largest power producer, would depend on market opportunities, Jeremias Paul, a finance undersecretary, said in a mobile phone text message, adding that no mandate had been given so far."
The timing of the offer for Napocor, the Philippines' largest power producer, would depend on market opportunities, Jeremias Paul, a finance undersecretary, said in a mobile phone text message, adding that no mandate had been given so far."
Business - All set for San Miguel Brewery bond auction - INQUIRER.net
Business - All set for San Miguel Brewery bond auction - INQUIRER.net: "All set for San Miguel Brewery bond auction
By Doris Dumlao
Philippine Daily Inquirer
First Posted 04:06:00 03/13/2009
Filed Under: Debt Markets, Company Information, Beverages
MANILA, Philippines — The Securities and Exchange Commission on Thursday approved San Miguel Brewery Inc.’s much-awaited debut on the bond market, paving the way for an auction of up to P38.8 billion worth of corporate bonds on Monday."
By Doris Dumlao
Philippine Daily Inquirer
First Posted 04:06:00 03/13/2009
Filed Under: Debt Markets, Company Information, Beverages
MANILA, Philippines — The Securities and Exchange Commission on Thursday approved San Miguel Brewery Inc.’s much-awaited debut on the bond market, paving the way for an auction of up to P38.8 billion worth of corporate bonds on Monday."
BusinessWorld Online: San Miguel Brewery gets green light for bond offer
BusinessWorld Online: San Miguel Brewery gets green light for bond offer: "THE SECURITIES and Exchange Commission (SEC) yesterday paved the way for the largest peso debt issue by a local company: San Miguel Brewery’s P38.8-billion bond offer.
The SEC okay will enable the auction of the bonds on Monday, bankers involved in the deal said.
San Miguel Brewery will issue bonds with maturities of three, five and 10 years. The firm has set an initial price guidance of 250 to 325 basis points over local Treasuries. Banking sources said this may narrow to 225-300 basis points.
Ten financial institutions are underwriting the San Miguel Brewery bond sale: HSBC, Standard Chartered Bank, ING, BDO Capital, Land Bank of the Philippines, Development Bank of the Philippines, First Metro Investment Corp., BPI Capital, China Bank, and Philippine Commercial Capital Inc."
The SEC okay will enable the auction of the bonds on Monday, bankers involved in the deal said.
San Miguel Brewery will issue bonds with maturities of three, five and 10 years. The firm has set an initial price guidance of 250 to 325 basis points over local Treasuries. Banking sources said this may narrow to 225-300 basis points.
Ten financial institutions are underwriting the San Miguel Brewery bond sale: HSBC, Standard Chartered Bank, ING, BDO Capital, Land Bank of the Philippines, Development Bank of the Philippines, First Metro Investment Corp., BPI Capital, China Bank, and Philippine Commercial Capital Inc."
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