UBS and HSBC robots push into bond sales frontier UBS Group AG and HSBC Holdings Plc are bringing robots into bond sales, a corner of banking still considered by many to be off limits to the onward march of automation. UBS has created a machine-learning algorithm that shows its salespeople the most likely counterparty to buy or sell a bond. HSBC is developing a bot that will send asset managers suggestions for bond transactions tailored…"UBS and HSBC robots push into bond sales frontier"
PHILSTAR DISTILLERS said the uneven taxation of alcoholic beverages puts them at a disadvantage to the wine industry and called for a “level playing field” as the next round of tax reforms make their way through Congress. In a statement over the weekend, the Distilled Spirits Association of the Philippines (DSAP) said it “supports” the proposal to increase the excise tax on alcoholic products but is seeking fair treatment relative to other segments of the…"Distillers complain of unfair taxation compared to wine"
CATHY ROSE A. GARCIA PHILIPPINE property stocks may rebound from a seventh straight weekly loss as President Rodrigo Duterte nears the end of his trip to China with no indication that he would ban online casinos that cater to Chinese gamblers. Based on official statements from Mr. Duterte’s meeting with Chinese President Xi Jinping, a crackdown by the Philippines seems unlikely, according to David Leechiu, chief executive officer of Leechiu Property Consultants. He expects office…"Philippine property stocks may rise after Duterte’s China visit"
YIELDS ON government securities (GS) traded in the secondary market were flat last week as market players await inflation data due for release on Thursday. GS yields dipped by an average of 0.3 basis point (bp) week on week, according to the PHP Bloomberg Valuation Service (BVAL) Reference Rates as of Aug. 30 published on the Philippine Dealing System’s website. The secondary market saw mixed movements in terms of yields. At the short end of…"Yields on government debt end flat ahead of PHL data"
PHILSTAR THE Ninoy Aquino International Airport (NAIA) rehabilitation project could be awarded to its private proponents by the first quarter next year at the latest. Transportation Secretary Arthur P. Tugade told reporters last week the government is targeting to finish its review process for the P102-billion proposal, including the Swiss challenge, in the next six months. “Gusto ko end of the year hanggang sa first quarter, OK pa rin naman ’yan, na-award na [I want…"NAIA rehabilitation project award expected by early 2020"
BW FILE PHOTO By Arra B. FranciaSenior Reporter DOUBLEDRAGON Properties Corp. said it is on track to have 100 malls under its portfolio by 2021, as it moves to secure all lots for the projects within the year. “We’re still on target to have 100 malls by 2021…We have almost secured all lots, hopefully by end of this year, we’ll secure them,” DoubleDragon Chairman and Chief Executive Officer Edgar J. Sia II told reporters after…"DoubleDragon on track to have 100 malls by 2021"
THE PESO is likely to perform stronger this week amid expectations of a slower August inflation print. The local unit closed at P52.05 against the greenback on Friday, 13 centavos stronger than the P52.18-to-a-dollar finish on Thursday, ahead of the implementation of the first tranche of the planned 15% tariffs by the United States on some $125 billion worth of Chinese goods. On a week-on-week basis, the peso went up by 22 centavos from its…"Peso may strengthen vs dollar on slower Aug. inflation print"
What does she keep in that thing? That particular question has been a source of mystery surrounding women’s purses for decades. But now fashion trends—and the National Football League—are making it completely, well, clear. In 2013, the NFL announced an update to its bag policy, what you could and could not bring into a stadium on game day, and has continued to fine-tune that policy each year. As it stands, the only bag an average…"Behind the Rise in ‘Stadium’ Bags—and Why You’ll Be Needing One at Football Games This Fall"
The We Company, the holding company behind office-sharing giant WeWork, is set to be an enormously divisive stock once it debuts as public company later this year. Investors predict it will change the world as we know it—or be a money-losing disaster—seemingly with little middle ground. And it indeed has the perfect ingredients for debate: A sky-high valuation, a lack of profits, impressive growth, and an unconventional, effusive founder. The company is liability-heavy, overvalued in…"Would You Invest In WeWork? Here’s the Bull and Bear Case Before Its IPO"
We’ve all had those days where getting the simplest thing fixed, or even a basic question answered, takes hours. It might be anything from a mysterious glitch in your desktop computer, to a query about what’s covered by your employer’s health insurance plan. Whatever your dilemma, resolving it takes a seemingly endless exchange of emails and voicemails that not only distracts you from your real work, but wrecks your mood, too. If it seems like…"Deloitte’s Plan for Fighting Employee Burnout: Let AI Take Over the Dreaded HR and IT Tasks"