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‘Win or lose, file spending report’

THE Commission on Elections (Comelec) reminded all candidates in the barangay and Sangguniang Kabataan (SK) elections to submit their Statements of Contributions and Expenditures (SOCE) on or before June 13, 2018. Comelec-6 records showed that a total of 114,385 candidates in Western Visayas joined the polls last May 14 – 73,222 for the barangay elections […] The post ‘Win or lose, file spending report’ appeared first on The Daily Guardian......»»

Category: newsSource: thedailyguardian thedailyguardianMay 16th, 2018

‘Win or lose, file spending report’

THE Commission on Elections (Comelec) reminded all candidates in the barangay and Sangguniang Kabataan (SK) elections to submit their Statements of Contributions and Expenditures (SOCE) on or before June 13, 2018. Comelec-6 records showed that a total of 114,385 candidates in Western Visayas joined the polls last May 14 – 73,222 for the barangay elections […] The post ‘Win or lose, file spending report’ appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsMay 16th, 2018

For Adidas and rivals, sponsorships are good business

em>By David McHugh, Associated Press /em> FRANKFURT, Germany (AP) — Multi-million dollar sponsorship deals of the kind between Adidas and the University of Louisville — in focus after a scandal over alleged bribes paid to high school athletes — are not just an effort to burnish the image of sports gear makers. They can be a cost-efficient way to boost sales against tough competition, marketing experts say. Whether in U.S. college sports or European soccer, Adidas and its major rivals Nike and Under Armour reach potential customers more effectively by getting their brands used in the biggest events, say marketing experts. Criminal charges brought last week against an Adidas marketing executive and 9 others drew renewed public attention to the perfectly legal practice of paying university sports programs to wear branded goods. Gatto and others are accused of funneling $100,000 to the family of a high school athlete to gain his commitment to play at Louisville and to sign with Adidas once he became a professional. Louisville and Adidas announced at 10-year, $160 million extension of their sponsorship deal over the summer. That deal is just one among increasingly expensive arrangements. The top recipients this academic year are UCLA with $16.5 million from Baltimore-based Under Armour, followed by University of Texas with almost $12 million and University of Michigan with $9.8 million, both from Nike, according to the Center for Research in Intercollegiate Athletics at the University of North Carolina at Chapel Hill. Payments have risen as the big three competitors bid for exposure that, marketing experts say, can often be more effective and targeted than expensive television advertising. Universities in the top five leagues, or 'conferences' in U.S. sports speak, are in line to get over $200 million this school year, up from around $100 million just five years ago, according to the center's figures. 'Increased investment by Under Armour starting in the 2014-15 academic year, along with continued investment by Adidas, have led to a re-investment by Nike in the intercollegiate athletics space to retain national powers such as Ohio State and Texas, and bring Michigan back into the fold from Adidas,' the center noted in its latest report. George Belch, chair of the marketing department at San Diego State University's College of Business Administration, put it this way: 'It's expensive, but if you want to sit at the table and play the game, you have to ante up.' How much is too much to spend on endorsements? Academics have been trying to figure out what the returns on investment are and marketing experts say the companies surely have their own internal metrics. But 'only they know exactly what the return is,' said Belch. Jonathan Jensen, assistant professor in the sports administration program at North Carolina, notes that the value of sponsorship deals measure the truckloads of equipment given to the schools at retail price, which is far more than the cost to the company to have them produced. 'When you see $250 million, it's not actually $250 million, it's more like $75 million,' he said. And based on what a 30-second commercial costs, having a team wear the company's gear can far outweighs the investment in terms of valuable exposure. That can be money well spent in an era where people can use digital technology to skim past television commercials. 'They don't need to buy airtime,' Jensen said, 'because they are literally part of the event.' On top of that, favorable licensing deals on merchandise mean that the company can earn back much of its sponsorship money solely from fans buying the jerseys. 'The schools themselves are really just in the past two, three or four years getting smart about negotiating and forcing the brands, especially Nike and Under Armour, to pay what they should be,' said Jensen. Similar calculation applies to sponsorship deals outside the United States. Gerd Nufer, director of the German Institute for Sports Marketing in Reutlingen, attempted to figure out how many jerseys companies would have to sell to repay their endorsement deals with national sports teams at the soccer World Cup. He says Adidas needed to see sales of 1.9 million German national team jerseys retailing for around 80 euros in order to make back its 28 million euros-per year sponsorship deal; when Germany won the cup for the fourth time in 2014, 2 million had been sold even before the final match. By contrast, it is unlikely Nike recouped its full $40 million sponsorship with France through direct sales. But it's unlikely that Nike minded much, as its exposure helped its image building more broadly. 'The fact is that building the image of the overall brand and positive halo effects on all branded products of the company is the most important thing,' Nufer wrote in an analysis. That logic was reflected by Nike in its annual financial reports, which indicate it had contractual obligations to pay $1.1 billion in endorsement contracts in 2017. The company, based in Beaverton, Oregon, noted that the costs of sponsorships had risen as competition from rivals had grown. By losing key partnership deals, it said, 'we could lose the on-field authenticity associated with our products, and we may be required to modify and substantially increase our marketing investments.' 'As a result, our brands, net revenues, expenses and profitability could be harmed. ' Adidas says it spent 1.98 billion euros in 2016 on marketing investments, about half of which went for partnerships. That includes events like the World Cup, UEFA's Euro soccer tournament, and the French Open in tennis. And also sponsorships of national federations including Germany, Spain and Argentina plus deals with high profile individuals: soccer stars Lionel Messi, Paul Pogba, and Gareth Bale; basketball stars James Harden and Derrick Rose; U.S. football players Aaron Rodgers and Von Miller, and tennis players Angelique Kerber and Simona Halep. Adidas, based in Herzogenaurach, German, said it was unaware of misconduct in the Gatto case and vowed to fully cooperate with authorities. The company immediately didn't respond to an email inquiry about its sponsorship spending. The company had a good second quarter, with sales beating predictions and growing 27 percent in North America. 'Adidas has been going gangbusters,' said San Diego State professor Belch. 'They are gaining market share on Nike, they have taken away market share from Under Armour in the U.S. market, and particularly in North America they made a tremendous turnaround.' 'So they didn't need this,' he said, referring to the Louisville scandal. 'That's what's really amazing about this.' .....»»

Category: sportsSource:  abscbnRelated NewsOct 5th, 2017

Senate OKs probe of people linked to P11-B ‘shabu’ shipment

MANILA, Philippines --- The Senate adopted on Monday the recommendation of a Senate panel to conduct a lifestyle check and further investigate personalities tagged in the controversial P11-billion crystal meth shipment that was unearthed in August 2018. READ:PDEA chief now says magnetic lifters contained P11B 'shabu' READ:PDEA to file raps against those involved in P11B smuggled 'shabu' In his sponsorship speech on Committee Report No. 544, Sen. Richard Gordon, blue ribbon committee chair, noted that despite previous investigations into the illegal shabu shipments into the country, "big amount of drugs still kept coming in our country through the use of the same modus operan...Keep on reading: Senate OKs probe of people linked to P11-B ‘shabu’ shipment.....»»

Category: newsSource:  inquirerRelated News10 hr. 53 min. ago

COA questions DSWD s P1.85-B disaster response spending in 2017

MANILA, Philippines – The Commission on Audit (COA) questioned the release of funds by the Department of Social Welfare and Development (DSWD) for disaster response in 2017, amounting to P1.85 billion. This was part of COA's Consolidated Report on the Audit of Disaster Risk Reduction and Management Fund submitted to ........»»

Category: newsSource:  rapplerRelated NewsJan 20th, 2019

SLOPPY FUND HANDLING: *Capitol lacks control on SEF spending – COA *More than P87M unliquidated as of October 2017

THE Commission on Audit’s (COA) 2017 annual audit report on the Iloilo provincial government shows how sloppy the administration of Gov. Arthur Defensor Sr. is in handling public funds, particularly the Special Education Fund (SEF) which is supposed to help the youth. The SEF became the center of discussions after Defensor raised the possibility of […] The post SLOPPY FUND HANDLING: *Capitol lacks control on SEF spending – COA *More than P87M unliquidated as of October 2017 appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJan 20th, 2019

Govt expected to hitinfra spending target

Government infrastructure spending will likely hit the 2018 target, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report, citing the…READ The post Govt expected to hitinfra spending target appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsDec 31st, 2018

Stock market poised for rebound in 2019 — FMIC

The stock market may stage a rebound this year, driven in part by election-related spending and the continued heavy outlay on infrastructure and capital goods, according to The Market Call, a joint report by First Metro Investment Corp. (FMIC) and the University of Asia & the Pacific......»»

Category: financeSource:  philstarRelated NewsDec 31st, 2018

Employers have till Jan. 15 to report 13th month pay

Employers have 15 days left to report to the Department of Labor and Employment (Dole) if they were able to give their workers the government-mandated 13th month pay. Under the law, workers in the private sector should have received their 13th month pay on Christmas Eve. From that time, employers are given until Jan. 15, 2019, to file a compliance report to the respective Dole regional offices. The report includes the name and address of the establishment, the principal product or business, total employment, the total number of workers who benefited, the amount granted per employee and the total amount of benefits granted, among others. According to the Dole, the 13th month p...Keep on reading: Employers have till Jan. 15 to report 13th month pay.....»»

Category: newsSource:  inquirerRelated NewsDec 31st, 2018

US citizen-based taxation: A drawback for American expats

Under the citizenship-based taxation approach, a US citizen working or enjoying retirement in any country outside the US shall continue to be subject to US income tax. This rule signifies that individuals are taxed based on their citizenship irrespective of their place of residence. In other words, if an American is outside of the US at any time during the year and earned income abroad, US Federal law requires him to file his Individual Income Tax Return or Form 1040, to report his worldwide income, and to pay taxes to the Internal Revenue Services (IRS). This makes the US one of only two countries (the other being the African nation of Eritrea) implementing this tax regime; other countries tax worldwide income of residents, but not citizens living elsewhere. For American expats, this entails recurring tax obligations on top of evaluating the tax impact in the foreign country where they are assigned to work. So even if an American expat is working in a tax-free country, he or she is still required to file income tax returns with the IRS — an obligation which, surprisingly, some Americans working overseas seem to be unaware of......»»

Category: newsSource:  bworldonlineRelated NewsDec 26th, 2018

Parents, bullying victim file blotter report in Quezon City

The parents and the victim of bullying inside a toilet at the Ateneo de Manila University campus reported the incident to the police for “record purposes” on Thursday night......»»

Category: newsSource:  philstarRelated NewsDec 22nd, 2018

Parents, bullying victim file blotter report in Quezon City

The parents and the victim of bullying inside a toilet at the Ateneo de Manila University campus reported the incident to the police for “record purposes” on Thursday night......»»

Category: newsSource:  philstarRelated NewsDec 22nd, 2018

Ateneo to decide ‘soonest’ as parentsof bully victim file police report

THE Ateneo de Manila University (ADMU) will hand down “soonest” its decision on the bullying incidents involving a junior high school student as parents of one of his victims filed…READ The post Ateneo to decide ‘soonest’ as parentsof bully victim file police report appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsDec 22nd, 2018

SEC orders amended tender offer report on Tiger Resort takeover of ABG Int’l

The Securities and Exchange Commission (SEC) has ordered Tiger Resort Asia Limited (Tiger Resort) to file an amended tender offer report regarding its take-over bid of Asiabest Group International Inc. (ABG)......»»

Category: financeSource:  philstarRelated NewsDec 16th, 2018

SEC orders Tiger Resort to include Okada case in tender offer report

THE SECURITIES and Exchange Commission (SEC) ordered Tiger Resort Asia Limited (TRAL) to file an amended tender offer report disclosing its pending case with Japanese gaming tycoon Kazuo Okada, in a bid to protect the minority shareholders of Asiabest Group International, Inc. (ABG)......»»

Category: newsSource:  bworldonlineRelated NewsDec 16th, 2018

Spain prosecutors to file fraud complaint against Shakira – report

MADRID, Spain – Spanish prosecutors are poised to file a court complaint against Shakira for allegedly evading 14.5 million euros ($16.5 million) in taxes, which the superstar singer's defense lawyers deny, a report said Friday, December 7 The El Pais daily said prosecutors had notified the award-winning ........»»

Category: newsSource:  rapplerRelated NewsDec 9th, 2018

Woman arrested for posing as ex-NCRPO chief

MANILA, Philippines --- A woman was arrested in Paraaque City on Wednesday for allegedly posing as a former director of the National Capital Region Police Office (NCRPO) to extort money. Police identified the suspect as Dianne May Navarez who allegedly posed as Police Director Camilo Cascolan, former director of the NCRPO. According to an initial police report, the suspect introduced herself as "General Cascolan" and promised a certain Emmanuel Bugayon Carlos that she could help him be reinstated in the Philippine National Police if he would pay P10,000. Police said Cascolan, who now heads the PNP Civil Security Group, will also file a criminal complaint against the suspect for ...Keep on reading: Woman arrested for posing as ex-NCRPO chief.....»»

Category: newsSource:  inquirerRelated NewsDec 5th, 2018

DILG set to sue mayors, village chiefs for defying waste management law

  The Department of the Interior and Local Government (DILG) will start to sue mayors and barangay captains who are not implementing proper waste management in their localities.   This while DILG Undersecretary Martin Dio said Friday he is just awaiting the report his month before the agency begins to file cases against erring local officials.   Republic Act No. 9003 or the Ecological Solid Waste Management Act of 2000 mandates mayors and village leaders to establish a materials recovery facility in every barangay or locality.   "Dapat kasuhan na natin ang mga barangay captain at mga mayor na hindi nagpapatupad ng R.A. 9003," Dio said in an in...Keep on reading: DILG set to sue mayors, village chiefs for defying waste management law.....»»

Category: newsSource:  inquirerRelated NewsNov 30th, 2018

PSG aims to avoid early elimination in Champions League

By Tales Azzoni, Associated Press MADRID (AP) — Paris Saint-Germain's hopes of breaking through in European soccer could end earlier than usual this season. A loss against Liverpool on Wednesday in Paris, coupled with a home win by Napoli over Red Star, would keep PSG from making it out of the group stage in the Champions League. And that would be a significant setback for the big-spending French team desperately trying to assert itself as a world-class club. It would be the first time PSG failed to reach the tournament's knockout round since 2011-12, after Qatar Sports Investments took over the club with the goal of turning it into a top contender. PSG was eliminated in the round of 16 last season, after reaching the quarterfinals four straight years before that. Failure this time would hurt PSG in its second season since signing Brazil star Neymar for 222 million euros from Barcelona in an attempt to increase its chances of succeeding in Europe. PSG enters the crucial match at Parc des Princes with five points in Group C, one behind leaders Liverpool and Napoli. A victory would put the French club back in position to advance depending on its own results. "It's a decisive match in a very, very complicated group," PSG coach Thomas Tuchel told French broadcaster TF1. The good news for Tuchel is that Neymar and Kylian Mbappe, who had been sidelined because of injuries, are expected to be available for the home match against Liverpool. A look at the four Champions League groups on Wednesday: GROUP A Atletico Madrid and Borussia Dortmund lead the group and have a chance to secure places in the knockout round in advance. Dortmund needs a draw at Club Brugge, while Atletico needs a home win against Monaco. Atletico can also advance if Club Brugge loses points against Dortmund, which is coming off a blistering start to the season under new coach Lucien Favre. The only setback for Favre so far was the 2-0 loss at Atletico in the team's previous Champions League appearance. Paco Alcacer, signed on a permanent basis from Barcelona on Friday, scored again on Saturday in a win over Mainz, taking his league tally to nine goals in seven appearances. GROUP B Harry Kane kept Tottenham's Champions League hopes alive with a late double to sink PSV Eindhoven in the last round of games. Now the striker has some back-up as his team tries to complete an unlikely recovery to qualify from Group B. Tottenham has struggled for attacking fluency this season, mainly because attacking midfielders Christian Eriksen and Dele Alli have been missing at times because of injury. They appear to be fully fit now and were superb in Tottenham's win over Chelsea in the Premier League on Saturday, a 3-1 win that might have been its best display of the season. Spurs need to beat Inter Milan at Wembley Stadium on Wednesday to keep alive ambitions of a top-two finish. That would leave the teams tied on seven points. Tottenham would still likely require a win at already-qualified Barcelona to advance, given that Inter closes group play at home to last-place PSV. Barcelona, without Rafinha, Luis Suarez and Arthur because of injuries, has a three-point advantage at the top and will clinch first place in the group with a win over PSV, or a draw if Inter does not beat Tottenham. GROUP C Victories by Liverpool and Napoli would lock up the group which has proven to be the tightest of the Champions League. Napoli, the group's only unbeaten team with three draws and one win, hosts a Red Star team which still has chances of advancing in its return to the tournament's group stage after 26 years. The Serbian club has four points, one fewer than Paris Saint-Germain and two fewer than Napoli and Liverpool. Red Star held Napoli to a 0-0 draw at home in the first round, but then conceded 10 goals in losses against PSG (6-1) and Liverpool (4-0). Liverpool, which beat PSG at home, lost 2-0 to Red Star in its previous Champions League match, but it is coming off two straight wins in the Premier League. PSG, cruising in the French league, beat Liverpool 3-0 the only other time the teams met in Paris, nearly two decades ago. GROUP D Group leader Porto hosts second-place Schalke in a match in which a draw could be enough for both clubs to advance. They would clinch a spot in the knockout stage with a draw if Galatasaray fails to win its match at already eliminated Lokomotiv Moscow. A victory would secure first place for Porto, which has won eight straight entering the match at its Estadio do Dragao. Porto is trying to make it to the round of 16 for the third straight season. The Portuguese champion has 10 points, two more than Schalke and six more than Galatasaray. Porto and Schalke are the only unbeaten teams in the group. Schalke hasn't made it to the knockout stage since 2014-15. ___ Associated Press writers John Leicester, Ciaran Fahey and Steve Douglas contributed to this report......»»

Category: sportsSource:  abscbnRelated NewsNov 27th, 2018

Spending growth to slow — S& P

ANY INCREASE in household consumption will likely be slower in the year ahead as elevated overall price hikes and higher interest rates dampen demand, while state spending could ease in a bid to narrow the current account deficit, a credit rater said in a report......»»

Category: newsSource:  bworldonlineRelated NewsNov 26th, 2018

Man loses arm in road mishap on Edsa Kamuning

A man lost his arm after the bus he was riding veered towards another bus along the southbound lane of Edsa Kamuning in Quezon City.   The right arm of Daniel Malapit, 29, was protruding outside the window of the bus when the mishap happened, a report from the Quezon City Police District (QCPD) on Saturday said.   The QCPD said the bus he was riding veered to the right and collided with the rear left corner of the other bus, causing the victim to lose his right arm.   The victim was rushed to East Avenue Medical Center for treatment. /je...Keep on reading: Man loses arm in road mishap on Edsa Kamuning.....»»

Category: newsSource:  inquirerRelated NewsNov 19th, 2018