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Metro Rail Transit Corporation
The Metro Rail Transit Corporation (MRTC) is a private consortium organized in June 1995. The consortium is composed of seven (7) Filipino-owned companies: Fil-Estate Management Inc (now Metro Global Holdings Corporation), Ayala Land Inc, Ramcar Inc, Greenfield Development Corporation of Unilab, Anglo-Philippine Holdings Corporation, National Book Store Group, Allante Realty and Development Inc, and DBH Inc. The Metro Rail Transit Corporation owns the Manila Metro Rail Transit System Line 3 running along the EDSA corridor. MRTC was the original contractor for the EDSA MRT-3 Project. It runs the MRT-3 in coordination with the Department of Transportation under a 25-year Build-Lease-Transfer contract or BLT Agreement, which will end in 2025. History Beginnings The MRT Line 3 project, originally known as the EDSA LRT III project, was planned by the then-Department of Transportation and Communications (later the Department of Transportation) in 1989. A letter of intent was s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sumitomo Corporation
is one of the largest worldwide '' sōgō shōsha'' general trading companies, and is a diversified corporation. The company was incorporated in 1919 and is a member company of the Sumitomo Group. It is listed on three Japanese stock exchanges (Tokyo, Nagoya and Fukuoka) and is a constituent of the TOPIX and Nikkei 225 stock indices. Today, the company is one of the top three '' sōgō shōsha'' companies in the world. History The Sumitomo Group, of which Sumitomo Corporation is a key member, dates to the 17th century establishment of a book and medicine shop in Kyoto by Masatomo Sumitomo. Sumitomo's brother-in-law Riemon Soga developed a technology to extract silver from copper, and Soga's son (who married Sumitomo's daughter) Tomomochi Sumitomo expanded this smelting business to Osaka. From this start, the Sumitomo family expanded its business into copper mining (the Besshi copper mine), followed by textiles, sugar and medicine trading. The Sumitomo family was close to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metro Manila
Metropolitan Manila ( ), commonly shortened to Metro Manila and formally the National Capital Region (NCR; ), is the capital region and largest List of metropolitan areas in the Philippines, metropolitan area of the Philippines. Located on the eastern shore of Manila Bay, the Regions of the Philippines, region lies between the Central Luzon and Calabarzon regions. Encompassing an area of and with a population of as of 2020, it consists of sixteen Cities of the Philippines#Legal classification, highly urbanized cities: Manila—the Capital of the Philippines, capital city—Caloocan, Las Piñas, Makati, Malabon, Mandaluyong, Marikina, Muntinlupa, Navotas, Parañaque, Pasay, Pasig, Quezon City, San Juan, Metro Manila, San Juan, Taguig, and Valenzuela, Metro Manila, Valenzuela, along with one independent municipality, Pateros. As the second most populous and the most densely populated region in the Philippines, it ranks as the List of metropolitan areas in Asia, 9th most po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MRT-3 Phase-1 Funding Components
The Metro Rail Transit Line 3, also known as the MRT Line 3, MRT-3, or Metrostar Express, is a rapid transit line in Metro Manila in the Philippines. The line runs in an orbital north to south route following the alignment of EDSA, Epifanio de los Santos Avenue (EDSA). Despite its name, the line is more akin to a Medium-capacity rail system, light rapid transit system owing to its Tram, tram-like rolling stock while having total grade separation and high passenger throughput. The line is officially known as the Yellow Line. Envisioned in the 1970s and 1980s as part of various feasibility studies, the 13-station, line was the second rapid transit line to be built in Metro Manila when it started full operations in 2000. The line is owned by the Metro Rail Transit Corporation (MRTC) under a 25-year Build–operate–transfer, build–lease–transfer agreement with the Philippine government's Department of Transportation (Philippines), Department of Transportation (DOTr), who ope ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tranche
In structured finance, a tranche () is one of a number of related securities offered as part of the same transaction. In the financial sense of the word, each bond is a different slice of the deal's risk. Transaction documentation (see indenture) usually defines the tranches as different "classes" of notes, each identified by letter (e.g., the Class A, Class B, Class C securities) with different bond credit ratings. Etymology The word '' tranche'' means ''a division or portion of a pool or whole'' and is derived from the French for 'slice', 'section', 'series', or 'portion', and is also a cognate of the English 'trench' ('ditch'). The term ''tranche'' is used in fields of finance other than structured finance (such as in straight lending, where ''multi-tranche loans'' are commonplace), but the term's use in structured finance may be singled out as particularly important. Use of "tranche" as a verb is limited almost exclusively to this field. Process All the tranches ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metro Pacific Investments Corporation
Metro Pacific Investments Corporation (MPIC) is a Philippine unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. MPIC through its subsidiaries, provides water, sanitation, and sewerage services and also operates in real estate, and infrastructure projects. It also invests in some hospitals in the Philippines. In May 2016, GT Capital Holdings Inc. acquired 15.6 percent of MPIC, which will, in turn, buy control over GT Capital's Global Business Power Corporation in a deal worth PHP 29.89 billion. GT Capital acquired 3.6 billion new common shares in MPIC at PHP 6.10 per share amounting to a stake of 11.4 percent on an expanded capital base for a total cash consideration of PHP 21.96 billion. It also acquired a further 1.3 billion common shares in MPIC from Metro Pacific Holdings, Inc. (MPHI), a Philippine affiliate of First Pacific Company, at the same price, for a total of PHP 7.93 billion in cash. These transactions result in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Straits Times
The ''New Straits Times'' is an English-language newspaper published in Malaysia. It is Malaysia's oldest newspaper still in print (though not the first), having been founded as a local offshoot of Singapore-based ''The Straits Times'' on 15 July 1845. It was renamed as the ''New Straits Times'' on 13 August 1974. The paper served as Malaysia's only broadsheet format English-language newspaper; however, following the example of British newspapers ''The Times'' and ''The Independent'', a tabloid version first rolled off the presses on 1 September 2004 and since 18 April 2005, the newspaper has been published only in tabloid size, ending a 160-year-old tradition of broadsheet publication. The ''New Straits Times'' currently retails at RM1.50 (~37 US cents) in Peninsular Malaysia. As of 2 January 2019, the group editor of the newspaper is Rashid Yusof. In 2020, the paper was listed as the 5th most trusted in a Reuters Institute for the Study of Journalism, Reuters In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Credit
Sovereign credit is the credit of a sovereign country backed by the financial resources of that state. Sovereign credit is the opposite of sovereign debt. Fiat money is sovereign credit and sovereign bonds are sovereign debts. When money buys bonds, sovereign credit cancels sovereign debt. See also * Sovereignty * Debt * Government debt A country's gross government debt (also called public debt or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occu ... References External linksLiberating Sovereign Credit for Domestic Development Public finance Monetary reform {{econ-policy-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metropolitan Bank And Trust Company
The Metropolitan Bank & Trust Company (Hokkien ), trading as Metrobank, is a Filipino bank that , was the third largest bank in the Philippines in terms of total assets. It offers various financial services, from regular banking to insurance. It is the commercial and retail banking arm of GT Capital Holdings Inc. The Metrobank Group has a combined network of over 800 local and international branches/offices, remittance offices and subsidiaries worldwide. It has 557 domestic branches and 32 offices overseas including in New York, Hong Kong, Tokyo, Osaka, Seoul, Pusan, Guam, Taipei, Kaohsiung, Madrid, Barcelona, Vienna, Rome, Bologna, Milan, Singapore, Chicago, Hawaii, and Shanghai. History Foundation and early years Metropolitan Bank & Trust Company (Metrobank) was established by a group of businessmen on September 5, 1962, at the Wellington Building in Binondo, Manila. In August 1963, the bank's first branch was established in Divisoria. Four years later, Metrobank opened ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ING Bank
ING Group N.V. () is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$967.8 billion, it is one of the biggest banks in the world, and consistently ranks among the largest banks globally. ING is the Dutch member of the Inter-Alpha Group of Banks, a co-operative consortium of 11 prominent European banks. Since in 2012, ING Bank is a member in the list of global systemically important banks. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. In 2020, ING had 53.2 million clients in more than 40 countries. The company is a component of the Euro Stoxx 50 stock market index. The long-term debt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Far East Bank (Philippines)
Far East Bank was a bank in Hong Kong which has since merged into Bank of East Asia. Far East Bank was founded in 1959 by Mr. Deacon Chiu (), the founder of Far East Holdings. It started as a qianzhuang (native bank) in Tsuen Wan by collecting deposits from farmers. In the 1960s, it suffered heavily from heavy lending to property sector and fraud. In 1965, bank runs occurred in several small and medium banks in Hong Kong, which eventually triggered the stock market crash in 1965. By order of the British Hong Kong government, the bank was aided by The Hongkong and Shanghai Banking Corporation until it was acquired by First National City Bank in 1969. In 1992, the bank was acquired by First Pacific and merged to Hong Nin Savings Bank to form First Pacific Bank. In 2000, First Pacific Bank was acquired by the Bank of East Asia The Bank of East Asia Limited, often abbreviated to BEA, is a Hong Kong public banking and financial services company headquartered in Central, Hong ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of The Philippine Islands
The Bank of the Philippine Islands ('';'' '','' commonly known as BPI; ) is a universal bank in the Philippines. It is the oldest bank in both the Philippines and Southeast Asia. It is the fourth largest bank in terms of assets, the second largest bank in terms of market capitalization, and one of the most profitable banks in the Philippines. The bank has a network of over 900 branches in the Philippines, Hong Kong and Europe, and more than 3,000 Automated teller machine, ATMs and CDMs (cash deposit machines). BPI was founded during the History of the Philippines (1521–1898), Spanish colonial era of the Philippines as El Banco Español Filipino de Isabel II. It provided credit to the National Treasury and printed and issued the Philippine peso fuerte, a precursor to today's Philippine peso. History Colonial period BPI was established on August 1, 1851, as the "El Banco Español Filipino de Isabel II" (), named after the queen of Spain, Queen of Spain, Isabella II, the d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
