October, 2024

• 22 October

  Over P1-B coins deposited through CoDM

  

  The Bangko Sentral ng Pilipinas (BSP) announced that its coin deposit machines (CoDMs) have collected over P1 billion worth of coins since their launch, underscoring the project’s success in recirculating idle currency.  As of October 11, 2024, the total coin deposits have reached P1.008 billion, with more than 260 million individual coins processed across 240,000 transactions. The CoDM initiative, launched …

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• 22 October

  PNB successfully returns to the bond market with US$300 million sustainability bond offering

  

  Philippine National Bank (“PNB”) has successfully tapped into international markets with a US$300 million benchmark-sized Sustainability Regulation S offering of 5-year senior notes (the “Notes”) under its US$2 billion Euro Medium Term Note programme (the “Programme”). PNB conducted a two-day roadshow starting on October 14, 2024 to engage with potential investors. The 5-year bond was priced at T+102 basis points, …

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• 22 October

  THE OLIVE TREE: EXOTIC FLAVORS, VIBRANT SPICES

  

  One fine Sunday recently, we discovered this tasteful Mediterranean restaurant in Molito Lifestyle Center along Madrigal Avenue in Alabang, Muntinlupa. Although a bit far off from where we live in Quezon City, we ventured into what we considered foreign territory, not being southerners. The trip to The Olive Tree in Alabang was preceded by an early morning mass, followed by …

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• 22 October

  Shangri-La Plaza screens contemporary European films in Cine Europa 27

  

  Cine Europa, the longest-running European film festival in the Philippines, returns to Shangri-La Plaza as it continues to bring inspired experiences by giving Filipino cinephiles access to European cinema. Screening at the Shang Red Carpet Cinema from October 18 to 27, the festival features 20 must-see contemporary films from the Old Continent. Hosted in partnership with the Delegation of the …

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• 22 October

  Taal Vista Hotel unveils Pumpkin-Tastic Wonderland

  

  Taal Vista Hotel is excited to announce its upcoming event, “Pumpkin-Tastic Wonderland,” scheduled on  October 26, 2024, from 2 to 5 PM. This enchanting Halloween celebration promises an afternoon filled with fun and festivities for families and children of all ages. Children aged 0-2 years can attend free of charge with a paying adult, while children aged 3-12 years will …

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• 22 October

  Samal Island-Davao City connector project on right track: DPWH

  

  By Jinky Jorgio The Samal Island-Davao City Connector (SIDC) Project being undertaken by the Department of Public Works and Highways (DPWH)  is making significant progress. In a site inspection report to DPWH Secretary Manuel M. Bonoan, Senior Undersecretary Emil K. Sadain said that bored piling works for the foundation of the land and marine viaducts as well as the main …

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• 22 October

  Seaport hub to be built in Casiguran town

  

  Discussions are underway to establish a seaport within the ecozone of Casiguran, Aurora, with the Aurora Pacific Economic Zone and Freeport Authority (Apeco) spearheading the initiative in partnership with a New York-based company and the Department of National Defense (DND). Apeco President and CEO Gil Taway IV revealed in a recent interview that he is set to embark on a …

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• 22 October

  DPWH highlights key progress in Davao City bridge construction

  

  The construction of the 1.34-kilometer Davao River (Bucana) Bridge by the Department of Public Works and Highways (DPWH) is making steady progress, with civil works now more than halfway complete, less than a year after breaking ground in November 2023. In a report to DPWH Secretary Manuel M. Bonoan, Senior Undersecretary Emil K. Sadain highlighted that the project has reached …

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• 22 October

  Private partners vouch for BCDA’s track record, support RA 7227 amendments

  

  Real estate developers and locators in the Bases Conversion and Development Authority (BCDA) have expressed support for the proposed bills amending Republic Act 7227.      Filinvest Land Inc. (FLI), Ayala Corp., Megaworld Corp., and Hann Development Corp. (HDC) stressed  that such measure would allow the state-run firm to continue ushering sustainable economic growth, drive investments, and generate jobs for …

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• 22 October

  PPP projects  set to be awarded this year

  

  Five more public-private partnership (PPP) projects worth around P28 billion are expected to be awarded this year and early 2025. According to a government agency. these projects are mostly pushing for the modernization of several airports to decongest the capital region and boost the tourism sector.  In a report, the Public-Private Partnership (PPP) Center said among the projects with an  estimated …

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