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Buyers can convert the notes into the company's American deposit shares (ADSs) with a conversion premium of 32.5 percent to their latest closing stock price.

But the design didn't evolve, and little has changed since the Segway was introduced in 2001.

But the odds look to be against Philippine universities, as Europe and the United States are still the most popular destinations for Chinese students, and higher education institutes in the Philippines are hardly renowned on the global stage. Only two－the University of the Philippines and De La Salle University－have made it into the 2019 World University Rankings compiled by Times Higher Education.

By Friday, sales at large chain supermarkets and convenience stores had exceeded that of the same period last year. Over 95 percent of department stores had reopened by Friday, and their sales had grown and recovered to about 50 percent of that in the same period last year.

By Aug 12, six of them had been claimed.