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philippines

Philipine 3 year Bond is The Best Choice


Investors should buy Philippine government debt maturing in two and three years as concerns supply will increase and rate cuts will end reduce demand for longer-maturity notes, Standard Chartered Plc said. Yields on 91-day bills at an 18-month low will deter buyers at the short end of the curve, said Khalil Belhimeur, a fixed- income strategist at the British lender that earns most of its profit in Asia. The government's 10-year borrowing cost climbed to the highest level this year on estimates…

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vietnam

Vietnam to Promote Ways of Investment


A conference to promote the flow of investment into the Red River Delta provinces of Nam Dinh and Thai Binh will be held on August 5, said organizer on July 30. Loc said the conference aims to discuss ways to prepare to catch the new wave of investment by investors both inside and outside the country during the post-crisis period. The conference will serve as a forum for Nam Dinh and Thai Binh provinces to highlight their potential, strengths, and investment incentives as well as information about…

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philippines

Philippines to raise $750 million Bonds


The Philippines returned to the Asian bond market on Monday to raise another $750 million towards its gaping budget shortfall, and as expected, investors rallied around and allowed it to price tight. The offering was supported by a significant rally in US equities during the final hours of marketing, which gave investors the confidence to buy despite a sharp contraction in credit spreads over the past few months. It also helped that the sovereign set clearly defined terms which it stuck to throughout…

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thailand

Thailand Kept Interest Rate Unchanged


Thailand's central bank kept its benchmark interest rate unchanged at a second straight meeting amid signs government spending has helped moderate the pace of the nation's economic contraction. The Bank of Thailand held the one-day bond repurchase rate at 1.25 percent, it said in a statement today. That's the lowest level since July 2004. Seventeen of 18 economists surveyed by Bloomberg News expected the decision. One economist predicted a 25 basis-point cut. The decision "indicates confidence that…

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philippines

Philippines' Gov May Offer $750 Million Bonds


The Philippines plans to sell up to $750 million of dollar bonds to plug a record budget deficit, its second overseas debt issuance this year. The government hired Citigroup Inc., Credit Suisse Group AG and Deutsche Bank AG to arrange the sale and the securities due January 2020 will be priced today in New York, according to an e-mail sent to investors. The bond will be priced to yield about 6.625 percent, according to people familiar with the sale, who asked not to be identified. The government…

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philippines

Inflation in Philippines Plunged in June


June's rate of inflation is significantly different from June of 2008's 11.4 percent inflation. It links back to a plunge in energy prices, according to official figures. In the summer of 2008, the price of crude oil reached more than $140 a barrel, but this summer it is trading at about $65. The country's central bank forecast that inflation will fall to about 1 percent by the third quarter before picking up again in the fourth quarter.

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