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September sees biggest &'145;hot money' net outflow in over two years

MORE foreign funds fled the country in September in the face of heightened investor concerns about developments in global financial markets and a bombing in Mindanao, the Bangko Sentral ng Pilipinas (BSP) said, marking the biggest monthly net outflow in o.....»»

Category: newsSource:  bworldonlineRelated NewsOct 13th, 2016

2016 could see &'145;hot money' net inflow -- BSP exec

FOREIGN portfolio investments -- also called “hot money” for the ease by which they enter and exit markets -- may end the year with more inflows instead of an outflow expected so far, a senior central bank official said, citing latest reports .....»»

Category: newsSource:  bworldonlineRelated NewsAug 14th, 2016

Remittance, forex, money changers BSP tightens rules on money services

MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) has tightened rules on the operations of money service businesses (MSBs) including limiting the c.....»»

Category: financeSource:  philstarRelated NewsJan 21st, 2017

Man United captain Rooney raises $1.5m from charity game

MANCHESTER, England (AP) — Manchester United captain Wayne Rooney says he raised 1.2 million pounds ($1.5 million) from a friendly game against former club Everton last year. That represents the profits, after operational costs, from August's sellout match at Old Trafford and goes toward the Wayne Rooney Foundation's target of raising 5 million pounds for children's charities. Rooney said: 'I'd like to thank all the fans who came to the testimonial and made it such a special night. They've raised a huge amount of money for children who are disadvantaged and it will make a real difference to their lives.' Rooney is one goal from breaking Manchester United's scoring record, with the striker currently tied with Bobby Charlton on 249 goals. Rooney joined United from Everton in 2004. .....»»

Category: sportsSource:  abscbnRelated NewsJan 21st, 2017

Central bank tightens watch on money changers

THE BANGKO SENTRAL ng Pilipinas (BSP) will keep a closer watch on remittance and transfer companies (RTCs), foreign exchange dealers (FXDs), money changers (MCs) and other money service businesses (MSBs), as part of efforts to combat money laundering in the country......»»

Category: newsSource:  bworldonlineRelated NewsJan 20th, 2017

Money transfer limited to P500,00

Money transfer limited to P500,00.....»»

Category: financeSource:  thestandardRelated NewsJan 20th, 2017

Wenger concerned Chinese wages become benchmark for players

LONDON (AP) — Arsenal manager Arsene Wenger is hoping the high quality of competition in Europe will keep players from leaving for the financial gain in China. Wenger is facing regular questions about the future of both Mesut Ozil and Alexis Sanchez, and the big money on offer in the Chinese league can complicate negotiations. Argentine striker Carlos Tevez joined Shanghai Shenhua last month in a deal worth $40 million over two years. 'The danger (is) that the Chinese offers become the benchmark for Europe,' Wenger said Thursday. 'You cannot compete with that, but I still think that, when you're a footballer, the first thing is that you want to play against the best players in the best teams.' Wenger said players that want the best compensation for playing in the best quality league need not look to Asia. 'I think that combination is the best in England at the moment, so I don't see why the players should leave the English Premier League,' Wenger said. Wenger, whose team is fourth in the standings, has made only one signing in the January transfer window, picking up defender Cohen Bramall from non-league club Hednesford. Arsenal has also decided to keep captain Per Mertesacker for another season. Wenger announced Thursday that the club has taken up a one-year option to extend the contract of the 32-year-old German, who has not played this season because of a knee injury sustained during a friendly in July. Mertesacker faces a fight to get back into the team because Shkodran Mustafi, an offseason signing from Valencia, has built a strong partrnership with vice captain Laurent Koscielny at the heart of Wenger's defense .....»»

Category: sportsSource:  abscbnRelated NewsJan 19th, 2017

All-Stars LeBron, Irving lead Cavs past Suns

em>By Tom Withers, Associated Press /em> CLEVELAND -- Kyrie Irving scored 26 points, All-Star teammate LeBron James had 21 points and 15 assists, and the Cleveland Cavaliers looked more like themselves at home in a 118-103 win over the Phoenix Suns on Thursday night (Friday, PHL time). The Cavs were back in Quicken Loans Arena following a six-game road trip (their longest of the season) that concluded with an embarrassing 35-point loss at Golden State. But on their home floor, they had better offensive balance and ball movement while improving to 30-11 -- the same record Cleveland had at the halfway point of its 2016 NBA championship season. Channing Frye scored 18, Iman Shumpert 17 and James Jones 14 while filling in for star forward Kevin Love, still bothered by back spasms. Tyson Chandler had 22 points and 16 rebounds, but the Suns lost for the fourth time in five games. Already thin on their front line with Love out, the Cavs lost forward Tristan Thompson in the second quarter with a dislocated left index finger. However, Thompson returned after halftime. And Cleveland's offense was in a much better rhythm from the start after a trip that wasn't always pleasing to the eye. While trying to integrate newly acquired Kyle Korver into their rotation on the road, the Cavs got into some bad habits as they forced passes to one of the league's best shooters. A couple of practices seem to have helped as Korver made a pair of three-pointers in the second quarter of his home debut to help Cleveland open a 21-point lead. The Suns made a brief run in the third and got within 12 before Shumpert hit a pair of three’s and Jones hit one from long range. strong>TIP-INS /strong> em> strong>Suns: /strong> /em> Chandler has at least 15 rebounds in six straight games, matching the club record set by Jim Fox in 1969. Phoenix coach Earl Watson has known Korver for years. When he joined the Jazz in 2010, Watson leased Korver's condominium in Utah. 'We go back. I sent him a lot of money every month,' Watson said with a smile. 'I'm glad I don't do that anymore.' On a serious note, Watson said Korver is a perfect addition for Cleveland, especially while J.R. Smith recovers from thumb surgery. 'He's a deadly knock-down shooter. He knows how to win,' Watson said. 'They're looking more long term instead of immediate. You get into the playoffs and you need a big three to stretch the floor. He's obviously the best shooter on their team. It's an impressive move.' em> strong>Cavaliers: /strong> /em>James, who missed his 46th career triple-double by one rebound, will be making his 13th consecutive All-Star Game appearance next month. He said the honor never gets old. 'Just means I've been doing something right in this league,' he said. 'Means I'm consistent and taking pride in my individual ability to go out and produce for the team every night, and whatever team I've been on in my career. It's always great to see my name up there with the best guys in the league, so it's a pretty cool thing.' Smith has had the hard cast removed from his right hand. He's expected back in late March. Jones made his first start since April 2, 2015. strong>UP NEXT /strong> em> strong>Suns: /strong> /em> At the New York Knicks on Saturday (Sunday, PHL time). Phoenix won the first meeting this season in overtime. em> strong>Cavaliers: /strong> /em>Host the San Antonio Spurs on Saturday (Sunday, PHL time) in a matchup between two of the NBA's best teams. .....»»

Category: sportsSource:  abscbnRelated NewsJan 19th, 2017

Man United soccer's top moneymaker again after 11 years

ROB HARRIS, AP Global Soccer Writer br /> LONDON (AP) — Manchester United is a long way from winning the English Premier League again but is back on top of another table — as soccer's biggest moneymaker. For the first time since 2005, Manchester United overtook Real Madrid in top spot in the soccer finance rankings compiled by accountancy firm Deloitte even as it sits sixth in the Premier League. In 2015-16 when United won only the FA Cup and failed to qualify for the Champions League, the 20-time league champions generated 515.3 million pounds (689 million euros based on the annual average; now about $632 million). Spanish champion Barcelona had 620.2 million euros in revenue and Real Madrid, which won an 11th Champions League title in May, dropped to third on 620.1 million euros in Deloitte's 20th annual rankings. United's stay at the top could be short-lived with the pound weakening since Britain voted to leave the European Union in June and the failure to reach the Champions League. Despite Jose Mourinho replacing Louis van Gaal as manager, United is struggling to break back into the top four Champions League qualification places let alone win the first Premier League title since Alex Ferguson's retirement in 2013. But United, owned by the Florida-based Glazer family and listed on the New York Stock Exchange, has maintained an ability to attract sponsors. 'Manchester United have had to wait 11 years to regain their position as the world's leading revenue-generating club and it has taken phenomenal commercial revenue growth to help them achieve this,' said Dan Jones of the Deloitte sports division. 'In recent years, their ability to secure commercial partnerships with value in excess of that achievable by their peers has been the crucial factor in enabling the club to regain their place at the top of the Money League.' The top five is completed by German champion Bayern Munich and Manchester City. The eight English clubs in the top 20 account for 45 percent of the accumulated revenue in the standings of 7.4 billion euros — up 13 percent from the previous year. Leicester, a first-time winner of the Premier League, makes the cut for the first time, squeezing into 20th place on 128.7 million pounds. West Ham returns to the top 20 and should move up from 18th place (143.8 million pounds) following its move last summer to Olympic Stadium. The other Premier League teams are: Arsenal (seventh at 350.4 million pounds), Chelsea (eight at 334.6 million pounds), Liverpool (ninth at 302 million pounds) and Tottenham (12th at 209.2 million pounds). The weight of English clubs in the revenue rankings should increase next year with the rise in television revenue. Premier League clubs should each earn at least 100 million pounds a season as part of the rights deals worth more than 8.3 billion pounds over three years. The only French team represented in the rankings is Paris Saint-Germain, which fell two places to sixth with revenue of 520.9 million euros. Zenit Saint-Petersburg is the only Russian team included, improving a place to 17th by generating 196.5 million euros. Along with Bayern, German also provides Borussia Dortmund (11th at 283.9 million euros) and Schalke (14th at 224.5 million euros). Juventus heads the list of four Italian teams, in 10th place on 224.5 million euros, followed by AS Roma (15th at 218.2 million euros), AC Milan (16th at 214.7 million euros) and Inter Milan (19th at 179.2 million euros). Deloitte warns that the enhanced English broadcast deals could see at least one of the Milan teams fall out of the top 20 next year. Joining Barcelona and Real Madrid in the rankings from Spain are Atletico Madrid in 13th place at 228.6 million euros. .....»»

Category: sportsSource:  abscbnRelated NewsJan 18th, 2017

Abducted Korean dead

POLICE kidnapped and murdered a South Korean businessman, then led his wife to believe he was alive for months to extort money from her, authorities said Wednesday. .....»»

Category: newsSource:  thestandardRelated NewsJan 18th, 2017

Due to Trump? Filipinos in U.S. sending more money home

Due to Trump? Filipinos in U.S. sending more money home.....»»

Category: newsSource:  rapplerRelated NewsJan 18th, 2017

Timberwolves kick in more money for arena renovations

MINNEAPOLIS (AP) — Minnesota Timberwolves and Lynx owner Glen Taylor is kicking another $9-12 million into the Target Center renovation project. The Timberwolves announced the additional funds on Tuesday (Wednesday, PHL time). The team says the new money will be used to get new seats, railings for the lower bowl, a new skyway off of the backside of the arena, and an improved Wi-Fi platform. Taylor says the new money is geared toward making sure the project to refurbish the dated arena in downtown Minneapolis is as effective as possible. It will push the total cost of the project to between $138-141 million. Renovations are underway and the city-owned building is scheduled to close this summer so the project can be completed in time for the start of the 2017-18 NBA season. .....»»

Category: sportsSource:  abscbnRelated NewsJan 17th, 2017

Money and power: Samsung embroiled in South Korea scandal

Money and power: Samsung embroiled in South Korea scandal.....»»

Category: newsSource:  rapplerRelated NewsJan 17th, 2017

No more 5-6?

The Duterte Administration recently announced that it would stop to the 5-6 business in the country. It basically involves lending money with a twenty percent (20%) monthly interest and is generally identified with Indian nationals who are into such business......»»

Category: newsSource:  tempoRelated NewsJan 16th, 2017

As robots take jobs, Europeans mull free money for all

PARIS — I am, therefore I'm paid......»»

Category: newsSource:  philstarRelated NewsJan 16th, 2017

OFW money grows 18.5%

OFW money grows 18.5%.....»»

Category: financeSource:  thestandardRelated NewsJan 16th, 2017

92 minutes on court, lifetime of experience for Destanee

DENNIS PASSA, AP Sports Writer br /> MELBOURNE, Australia (AP) — Destanee Aiava's Australian Open lasted just 92 minutes Monday while making history as the first person born in the 2000s to play in the main draw of a Grand Slam tournament. She took away enough experience from her 6-3, 7-6 (4) loss to Mona Barthel to last a lifetime, she said, and received some advice from the biggest name in the women's game several days before she even stepped on court. And she fully expects to be back. 'This isn't the first and the last time I'm going to be here,' said Aiava, a 16-year-old Melbourne high school student who received a wild card to enter the season's first major. 'There's plenty more to come.' Last week, she had a short practice session with Serena Williams, the 22-time Grand Slam champion and the inspiration for Aiava's career. Aiava was 5 when she watched one of the Williams' matches on TV, and told her parents that tennis was going to be her career. Describing it then as 'one of the best days of my life,' Aiava explained Monday that Williams had imparted some good advice. 'She told me to dream big and you'll achieve big,' Aiava said. 'She's quite a nice person. It was a really good experience to get to hit with her.' Aiava played her match Monday before hundreds of vocal fans on Show Court 2 at Melbourne Park. 'It was pretty fun playing out there with all the crowd supporting me,' she said. 'Nothing really surprised me. I think I learned how to be more composed out there, and I didn't rush as much. Obviously it wasn't my day, but I'm looking forward to the rest of the year and what's out there for me.' What was out there for her shortly after her match ended was prize money of $37,500 as a first-round loser. 'I don't like to focus on that, or gloat,' said Aiava, who didn't plan to celebrate a loss. .....»»

Category: sportsSource:  abscbnRelated NewsJan 16th, 2017

Setting aside Hague ruling costs much in money and prestige - The Manila Times

Setting aside Hague ruling costs much in money and prestige - The Manila Times.....»»

Category: newsSource:  googlenewsRelated NewsJan 15th, 2017

UK option big deal for Casimero

MANILA, Philippines - Former IBF lightflyweight and flyweight champion Johnriel Casimero is looking forward to a big-money fight against WBC superflyweight t.....»»

Category: sportsSource:  philstarRelated NewsJan 15th, 2017

Pop Quiz: Which Bad Money Habit Should You Leave Behind For Good?

Here's to a financially-secure future!.....»»

Category: lifestyleSource:  abscbnRelated NewsJan 15th, 2017