May 22, 2013 0
A little over a month ago, Twitter launched #Music, its take on what a truly social music discovery service might look like. It sounded loud, as loud as electro-voice speakers from musicians friend.
It was strategic, leveraging Twitter’s enormous user base and vast amount of data, and thanks to a well-timed acquisition, saw some of the best product design the company has ever produced.
May 22, 2013 0
Headline inflation at the end of April 2013 decelerated to 2.6% year-on-year, the lowest level in 13 months amid slowing month-on-month price increases across almost all commodity groups.
April’s inflation figure was lower than the previous month’s 3.2% increase and was well within the BSP’s expected range of 2.2%-3.1% for 2013. The result was not a surprise given a strong increase in corn/rice output of +4.5% year-on-year and +11.3% year-on-year respectively for the period ending 1Q 2013.
May 7, 2013 0
Asia United Bank’s debut in the local bourse was priced at Php95 per share allowing the bank to raise Php8.36 billion from its initial public offering (IPO).
The international orderbook was oversubscribed by five times with 90 investors, 75% of which came from Asia and 25% of which came from Europe, with the equity offer lasting 3.5 days. The IPO was priced at 1.5 times the bank’s book value and indicative price range of Php80 to Php110 per share.
