Get a stylish address at Eastwood LeGrand

MANILA, Philippines - Trends come and go, but true style lives on. The same can be said of where you live. Is it a place that you can be proud of just now because your house is currently the \u201cit\u201d style, or is it something you can proudly show off to friends and relatives for decades?

Get a stylish address at Eastwood LeGrand

Eastwood City offers investors and aspiring homeowners one such stylish address. The new Art Deco masterpiece that will rise in this satellite city\u2019s new Palm District is Eastwood LeGrand Tower 3. It has two L-shaped wings, named after Impressionist painters Renoir and Monet. Clad in shimmering blue glass to match the clear sky, Eastwood LeGrand 3 will surely be a highly coveted and recognizable address in this city\u2019s skyline.

\u201cArt Deco made the New York City skyline amazing from virtually any angle. We couldn\u2019t have found a better inspiration to shape Eastwood City\u2019s new Palm District. With such an iconic architecture, Eastwood LeGrand 3 will surely make your home a popular choice for celebrations with family and friends,\u201d noted Eastwood City Property Holdings Inc. FVP for Marketing and project head John Natividad.

The location of Eastwood LeGrand 3 right at the end of Eastwood Ave. puts you at the veritable center of Eastwood City\u2019s Live-Work-Play-Shop lifestyle 24/7. Have the option to build your career at high-tech offices at Eastwood City Cyberpark. Stroll down the street to Eastwood Mall for some shopping and dining delights.

Finally, you can indulge in your luxury condominium\u2019s play amenities. A grand lobby with impressive paintings and sculptures welcomes you in style nightly. Go to the sixth-level play deck and perfect your strokes at the swimming pool. Fasten your time at the jogging path and then complete your workout at the gym. Then, have some time to relax at the massage room.

Whether for business or socials, your home at Eastwood LeGrand 3 will deliver in spades. Close deals at any of three function rooms. Celebrate milestones at the culinary station and barbeque pit or the entertainment pavilion. Friends and family will surely love being invited back to your stylish residence.

\u201cFortunately for some, only a few will have the chance to live it up in a stylish unit at Eastwood LeGrand 3 as units are selling like hotcakes,\u201d Natividad declared.

The Art Deco-inspired Eastwood LeGrand 3 is another luxury project of Megaworld Corporation, the country\u2019s #1 developer of residential condominiums.

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BDO issues P5-billion notes

MANILA, Philippines — Banco De Oro Unibank, Inc. (BDO) announced plans to issue approximately P5 billion worth of Unsecured Subordinated Notes qualifying as Tier 2 capital (T2).

Banco de oro unibank philippines

Proceeds from the issuance of T2 notes will be used to fund BDO’s expansion plans and enhance the bank’s capital adequacy ratio, which stood at 14% as of March 31, 2011.

The T2 notes will have a maturity of 10 years and 3 months from issue date, with a call option exercisable by the bank after 5 years. The indicative interest rate for the T2 notes will be based on the 10-year PDST-F benchmark, and will be finalized at the end of the 2-week offer period. Interest will be paid quarterly and will be tax exempt for individual investors if held for more than 5 years.

The offering period is from 6-17 June 2011, with the issue date tentatively set for 27 June 2011. BDO reserves the right to adjust the timing and terms of the offer as needed.

Deutsche Bank AG, Manila Branch and The Hongkong and Shanghai Banking Corporation Limited are acting as Joint Lead Arrangers and Selling Agents. Multinational Investment Bancorporation (“MIB”) was also designated as selling agent while BDO, BDO Private Bank and BDO Capital will act as limited selling agents for the transaction.

BDO is a full-service universal bank that provides a complete array of industry-leading products and services to the retail and corporate markets including Lending (corporate, middle market, SME, and consumer), Deposit-taking, Foreign Exchange, Brokering, Trust and Investments, Credit Cards, Corporate Cash Management, and Remittances.

Through its subsidiaries, the Bank offers Leasing and Financing, Investment Banking, Private Banking, Bancassurance, Insurance Brokerage, and Stock Brokerage services. BDO has one of the largest distribution networks, with over 700 operating branches and more than 1,400 ATMs, nationwide.

As of March 31, 2011, BDO maintained its position as the country’s largest bank in terms of total resources, customer loans and total deposits, and had the second largest assets under management, based on published statements of condition

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Gov’t pushes job creation, fair income

MANILA, Philippines — Creation of jobs that is productive and delivers a fair income is the focus of the Aquino administration, Vice President Jejomar Binay told top employers in the country yesterday.

In his keynote address during the 32nd National Conference of Employers in Pasay, organized by the Employers Confederation of the Philippines (ECOP), Binay said that the government is focused on improving the quality of jobs even as it aims to increase job availability in the country.

“In working to alleviate poverty Govt. Jobs in the Philippines, the government is rightly concerned with setting an environment conducive to job creation. But more than the number of jobs we need to create, we desire to improve the quality of jobs that can be offered to our countrymen,” Binay said.

“In creating employment, we must be mindful of what it means to have decent work,” the Vice President said.

“It involves opportunities for work that is productive and delivers a fair income; provides security in the workplace and social protection for workers and their families; offers better prospects for personal development and encourages social integration; gives people the freedom to express their concerns, to organize and participate in decisions that affect their lives; and guarantees equal opportunities and equal treatment for all,” he added.

The Vice President said that the International Labor Organization (ILO) defines decent work as “productive work for women and men in the conditions of freedom, equity, security and human dignity.”

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