Advertisements


We are sorry, the requested page does not exist




International reserves miss forecast, but deemed sufficient

THE COUNTRY’s foreign reserves slipped in December to hit the lowest in nearly a year, missing the full-year forecast as the central bank actively took part in currency trading and as the government settled external debts, although the level remains sufficient to cushion against market shocks......»»

Category: newsSource:  bworldonlineRelated NewsJan 6th, 2017

Hello, Cleveland: Indians welcome slugger Encarnacion

TOM WITHERS, AP Sports Writer br /> CLEVELAND (AP) — With his family watching proudly, Edwin Encarnacion stood in front of his new locker inside Cleveland's clubhouse, pulled on a fitted cap and slowly buttoned the front of his white No. 10 jersey. Once finished, he pointed to the 'Indians' logo on his chest and flashed a huge smile as cameras clicked. It felt seamless. 'He's a perfect fit for our team,' Indians president Chris Antonetti said Thursday. In so many ways. The Indians, accustomed to being outspent for high-priced free agents winter after winter, introduced Encarnacion, a premium player for the middle of their lineup who will boost attendance and maybe help them win the World Series. One of baseball's most productive hitters over the past five years, Encarnacion finalized a $60 million, three-year contract — the richest in Cleveland history — with a team that got to Game 7 of the Series last season. Encarnacion's deal would be worth $80 million over four years if the Indians exercise a $25 million option for 2020 that includes a $5 million buyout. There are also attendance bonuses built in as both the Indians and Encarnacion's agent, Paul Kinzer, recognized the three-time All-Star's ability to spin turnstiles. 'He's a quiet guy that just goes out and grinds every day,' Kinzer said. 'This is a blue-collar town and he's a blue-collar guy. Cleveland is going to love him.' Encarnacion averaged 39 homers and 110 RBIs over the past five seasons with Toronto, which made it to the AL Championship Series last season only to be eliminated in five games by the Indians. Encarnacion, who turns 34 on Saturday, watched Cleveland's players celebrate at Rogers Centre that day in October not ever imagining he would be joining them a little more than two months later. But while he figured to land with Boston or Texas or in another major market, Cleveland's pitch was the most persistent. And although the first baseman and designated hitter could have made more money elsewhere, Encarnacion wanted to join a winner. The Indians, with one of the majors' best pitching staffs and a lineup featuring young stars in Francisco Lindor and Jason Kipnis, are positioned to contend for years. 'That's why I came here,' Encarnacion said. 'I believe in this team and I know we can win the World Series with the talent that we have.' The Indians' courtship of Encarnacion began with owner Paul Dolan's commitment to building on the momentum created by the team's AL Central title and first Series appearance since 1997. Cleveland was boosted by cleanup hitter Mike Napoli, who set career highs in homers and RBIs during his one season with the Indians. There were better options available and, after deciding not to re-sign Napoli, the Indians focused on Encarnacion, who hit 42 homers and drove in 127 runs last season. Antonetti didn't have to sell Dolan on Encarnacion's obvious talents. The challenge was convincing him that the slugger was worth a long-term financial obligation. 'It took a lot of work to make that happen, both compromises from our side and compromises from Edwin's side to make this fit and be the right fit for both teams,' Antonetti said. 'And it took a great leap of faith by ownership to make that extraordinary investment.' It also took some clever negotiating. As the sides were nearing a deal, Oakland made a $50 million, two-year offer that caused the Indians to counter. Kinzer proposed an attendance clause, a suggestion Antonetti initially wasn't sure was possible. 'That was a way to bridge the gap,' Kinzer said. 'When Edwin went on that run five years ago, Toronto was at 1.9 (million) in attendance. Now, they're at 3.4. Well, if Edwin contributes to that, then we should be rewarded for it.' Encarnacion gets a $5 million signing bonus, half payable on May 1 and the rest Aug. 1, and salaries of $13 million this year, $17 million in 2018 and $20 million in 2019. The Indians agreed and Encarnacion has already made an impact, as the team has sold more than $1 million in season tickets since he agreed to the deal on Dec. 22. He would earn bonuses of $150,000 each when the Indians reach 2 million, 2.15 million, 2.3 million, 2.5 million and 2.75 million in home attendance. He can make another $250,000 for 3 million. Once the deal's parameters were settled, Antonetti and Kinzer then had to maneuver around some family holiday obligations. As they neared an agreement, Kinzer was at Six Flags Amusement Park in Atlanta with his grandchildren to see Santa Claus, while Antonetti was attending a performance of 'The Little Mermaid' with his wife and two daughters. Antonetti ducked in and out of the theater's auditorium before closing the biggest deal in team history during a break between two songs from the musical. 'We were somewhere between 'Under the Sea' and 'Part of Your World,' he said with a smile. 'It was a great performance.' The Indians can take a bow for theirs, as well. .....»»

Category: sportsSource:  abscbnRelated NewsJan 5th, 2017

Finance: Gov't partially awards T-bills as demand wanes on cautiousness

THE GOVERNMENT was only able to raise P9.09 billion in fresh funds from its first auction of Treasury bills (T-bill) for the year amid tepid demand from investors, with banks seeking higher returns due to market jitters amid global uncertainties......»»

Category: financeSource:  bworldonlineRelated NewsJan 16th, 2017

N. Ecija lake eyed as floating market

CABIAO, Nueva Ecija, Philippines – The municipal government is planning to develop Nabao Lake here into a premier tourist attraction by setting up a floating.....»»

Category: newsSource:  philstarRelated NewsJan 15th, 2017

Finance: Fresh three-year bonds met with strong demand

THE GOVERNMENT yesterday fully awarded fresh three-year Treasury bonds (T-bonds) after the market swarmed the offer amid liquidity in the system, leading the Bureau of the Treasury (BTr) to open a tap facility today to accommodate more investors......»»

Category: financeSource:  bworldonlineRelated NewsJan 10th, 2017

Merkel pledges quick security action after Berlin attack

BERLIN — Chancellor Angela Merkel promised yesterday that Germany's government would tackle security issues raised by the Christmas market truck attack and r.....»»

Category: newsSource:  philstarRelated NewsJan 9th, 2017

Gov’t employee itinumba sa palengke

GENERAL SANTOS CITY &'' Patay ang isang emple-yado ng City Waste Management Office makaraan pagbabarilin sa GenSan Central Public Market kamakalawa. Kinilala ang biktimang si Ricky Diolen, 55-anyos, may pitong anak at residente ng Brgy. Dadiangas West nitong lungsod. Sinasabing isang lalaking nakasuot ng itim na jacket ang bumaril sa biktima na agaran niyang ikinamatay. ........»»

Category: filipinoSource:  hatawtabloidRelated NewsJan 9th, 2017

Government bent on imposing P6 diesel tax – Diokno

MANILA, Philippines – With oil prices recovering and going up in the world market, the Duterte administration is bent on imposing additional taxes on fuel pr.....»»

Category: newsSource:  philstarRelated NewsJan 4th, 2017

Thousands show up in Bohol drug symposium, Jesus Miracle Crusade takes center stage

BOHOL – Thousands of mostly students and teachers and citizens have attended and participated one of the biggest drug symposia conducted by the influential Jesus Miracle Crusade International Ministry or JMCIM in central Philippines. Dozens of members of the JMCIM led by prayer warrior Danny Cuarteros and wife Sister Jeany travelled all the way from Tuguegarao City in Cagayan province in northern Philippines in bad weather just to be able to hold the symposium in Bohol province for the benefit of the students. The symposium – held at the Mayor Pablo O. Lim Memorial Astrodome &'' was in coordination and partnership with the Department of Education and other stakeholders in Bohol. Valencia town Vice Mayor Jorge Buslon also attended the drug symposium and gave an inspiring message to the huge crowd – students and teachers from Grades 7 to 11 of the Valencia Technical High School headed by Principal Jonas Gabutan. Brother Cuarteros’ daughter, Sister Angel, was one of the lecturers in the symposium and she talked about drug awareness and prevention. The Jesus Miracle Crusade Choir also held a peace concert.  The symposium, dubbed “Holding Nothing Back,” was a big success, according to Brother Cuarteros, following the warm reception and hospitality of the host school and local government officials and the public, especially at a time that the Duterte government launched the second phase of its war against illegal drugs dubbed as “Oplan Taphang” which literally means “Operational Plan Tapok-Hangyo”  Oplan Taphang aims to gather support from the public to help the police in its anti-drugs and anti-criminality campaign in the country. The group of Brother Cuarteros has conducted tens of dozens of crusades and drug symposium across northern Philippines in recent months, and played a key role in other religious activities in the country and abroad. The Philippine National Police, Armed Forces of the Philippines and national government officials, including lawmakers and armed partisan groups, have publicly praised JMCIM for its religious and active advocacy in various issues.    “Hallelujah, praise the lord, through the leading prayers of our beloved and honorable Evangelist Pastor Wilde E. Almeda, the end time prophet of God, we are victorious in Jesus name,” Brother Cuarteros said, referring to the JMCIM founder. (Cebu Examiner) 164&'160;total views, 164&'160;views today.....»»

Category: newsSource:  mindanaoexaminerRelated NewsJan 4th, 2017

Growth momentum intact -- BSP chief

THE PHILIPPINES’ growth momentum will likely be sustained over the near term despite heightened global volatility, the central bank chief said, noting that the country remains an enticing market for foreign investments given supportive economic policies......»»

Category: newsSource:  bworldonlineRelated NewsJan 3rd, 2017

28 killed in Baghdad bombings

A pair of suicide bombings minutes apart hit a central Baghdad market on Saturday, killing 28 people and wounding at least 54, prompting security forces to ban traffic from key streets at the center of the Iraqi capital, police and hospital officials said......»»

Category: newsSource:  tempoRelated NewsJan 1st, 2017

Central Baghdad market blasts kill dozens

Central Baghdad market blasts kill dozens.....»»

Category: newsSource:  rapplerRelated NewsDec 31st, 2016

Phl agri food products gaining demand abroad

MANILA, Philippines - Demand for the country’s food products in the export market is gaining more ground as the government focuses on diversifying its intern.....»»

Category: financeSource:  philstarRelated NewsDec 30th, 2016

Truck crash kills 12 in Christmas market

A truck plowed into a crowded Christmas market in central Berlin on Monday evening, killing 12 people and injuring 48 others in what Germany's interior minister said looked like an attack......»»

Category: newsSource:  tempoRelated NewsDec 20th, 2016

DILG: 71 Central Luzon LGUs have no garbage plan

CLARK FREEPORT, Philippines – Seventy-one of 94 local government units (LGUs) in Central Luzon still have no approved solid waste management plan while only.....»»

Category: newsSource:  philstarRelated NewsDec 17th, 2016

Front Page: Sept. net FDI inflow lowest in 3 months

NET foreign capital inflows to the Philippines plunged in September to a three-month low with marked declines across investment platforms, even as the year-to-date tally remained on track to hit the government's full-year forecast, the central bank report.....»»

Category: financeSource:  bworldonlineRelated NewsDec 12th, 2016

Summit for Manila Bay cleanup set

SAN FERNANDO, Pampanga, Philippines – Government and private sectors from Central Luzon will meet here on Dec......»»

Category: newsSource:  philstarRelated NewsDec 11th, 2016

PSEi rallies ahead of ECB meeting

MANILA, Philippines - A rally in Wall St. and investor optimism ahead of the European Central Bank meeting lifted the stock market yesterday......»»

Category: financeSource:  philstarRelated NewsDec 8th, 2016

Stock Market: PSEi back above 7,000 ahead of ECB meeting

LOCAL STOCKS led the rallies in the Asian region on Thursday, with the main index surging above the 7,000 mark, as the market continued to track gains of US indices on expectations that the European Central Bank (ECB) will extend its stimulus campaign at .....»»

Category: financeSource:  bworldonlineRelated NewsDec 8th, 2016

Stock Market: PSEi climbs ahead of key central bank meetings

LOCAL EQUITIES tracked gains from recent US rallies ahead of the policy meeting of the European Central Bank (ECB) and following a referendum defeat that may lead Italy into political turmoil......»»

Category: financeSource:  bworldonlineRelated NewsDec 7th, 2016