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MPIC remains keen on regional airport deal

MANILA, Philippines - Infrastructure conglomerate Metro Pacific Investments Corp......»»

Category: financeSource:  philstarRelated NewsJan 15th, 2017

Corporate News: MPIC, San Miguel, Megawide still keen on regional airports

AT LEAST THREE of the five pre-qualified bidders for the development of five regional airports are still interested in vying for the public-private partnership (PPP) projects, which have recently been unbundled by the government......»»

Category: financeSource:  bworldonlineRelated NewsJan 9th, 2017

FIFA set to approve bigger, richer World Cup on Tuesday

GRAHAM DUNBAR, AP Sports Writer   FIFA is set to make the World Cup bigger and richer, even if the price to pay is lower quality soccer. FIFA President Gianni Infantino hopes his ruling Council will agree Tuesday to expand the 2026 World Cup to 48 nations, playing in 16 groups of three teams. A decision could be delayed if some Council members demand to know exactly how many qualifying places each continent will get before agreeing to scrap the 32-team format. It has been successful, popular and profitable since 1998 and is locked in for the next two World Cups in Russia and Qatar. The prize of 16 extra places, and the biggest increases to Africa and Asia, has 'overwhelming' support from FIFA's 211 member federations, Infantino has said. Their promise of extra funding from Zurich could also be secured by FIFA's forecast 20 percent rise in rights fees paid by broadcasters and sponsors. 'Financially, the 48-team format is the most appealing or successful simply because the sporting element is prevailing and every match is important,' Infantino said two weeks ago. 'The decision should not be financially driven, neither in terms of revenue or costs ... but the driver should really be the development of football and boosting football all over the world.' World Cup champion Germany is not in favor. It argued that diluting the number of European and South American teams — which won all 20 titles since 1930 — could 'strengthen the imbalance' seen at some tournaments. 'The (German soccer federation) fundamentally believe that the current 32-team format is the best option,' its president Reinhard Grindel said last week. Germany has no delegate at Tuesday's meeting though Grindel is set to join the FIFA Council in May. FIFA acknowledged the risk of lower standards in a research document sent to members last month, as first reported by The Associated Press. The 'absolute quality' of soccer, defined by high-ranked teams playing each other most often, is achieved by 32 teams, FIFA said, citing 10,000 tournament simulations made to reach that conclusion. Still, Infantino promised voters more World Cup places and funding raises before his election last February. FIFA expects $5.5 billion income tied to the 2018 World Cup in Russia, though 25 of 34 sponsorship slots are unsold. The research document predicted the equivalent of $6.5 billion revenue from a 48-team tournament in the '16x3' format, which would send two teams from each group to a new Round of 32 knockout bracket. All 80 matches would play in an exclusive time slot. Currently, 64 World Cup matches have 56 broadcast slots because the eight four-team groups play their last matches simultaneously. FIFA predicts organizing costs for '16x3' rising from $2 billion to $2.3 billion, giving a potential profit rise of $640 million. Though a '16x3' World Cup would still need a maximum of 12 stadiums, the demand for 16 more top-quality training camps and hotels suggests FIFA would look for 2026 hosts with existing capacity. A North American bid from two or three of the United States, Canada and Mexico is currently favored in a contest that could start within weeks. Five options are open Tuesday, including staying with 32 teams. Infantino campaigned last year on a 40-team promise, in either eight groups of five teams or 10 groups of four teams. Neither impressed voters in recent regional meetings of FIFA member federations. When the FIFA leader first proposed 48 teams, it included an opening playoff round. The 16 winners would join 16 seeded teams in a traditional 32-team group stage. FIFA members disliked 'one-and-done' teams going home before the 'real' World Cup kicks off. It would also stretch to a 39-day event with more short-notice travel for fans. Africa and Asia could be the big winners, and FIFA hopes new teams would include another Iceland, Wales and Costa Rica — over-achieving teams and feelgood stories at recent tournaments. Still, hapless Tahiti was outclassed at the 2013 Confederations Cup, conceding 24 goals in three games. 'The goal of expanding the FIFA World Cup,' it has told members, 'is to further advance the vision to promote the game of football, protect its integrity and bring the game to all.' ___ Entry quotas for 2018 World Cup: Europe 14 (including host Russia to qualify direct); Africa 5; Asia and South America 4.5 each; North, Central America and Caribbean 3.5; Oceania 0.5. .....»»

Category: sportsSource:  abscbnRelated NewsJan 8th, 2017

A guide to FIFA's options for expanding the 2026 World Cup

GRAHAM DUNBAR, AP Sports Writer   FIFA is preparing to decide Tuesday on adding 16 more teams to the 2026 World Cup for a 48-team tournament. President Gianni Infantino's favored format would break with soccer tradition to play in groups of only three teams. Two would advance from each group to a Round of 32 knockout bracket. If agreed by the Infantino-chaired FIFA Council in Zurich, the 2026 hosting contest could formally open in weeks. A co-hosted North American bid is widely seen as the best option. Here are some things to know about overhauling the greatest competition in the world's most popular sport: ___ WHY EXPAND? A bigger World Cup was an Infantino campaign promise before his election last February, when his plan was 40 teams. It might have been key. Infantino's momentum for victory in a second-round poll was a three-vote lead over Sheik Salman of Bahrain in the first. Sheik Salman had promised only to review if more World Cup teams were wanted. Infantino also pledged to give more of FIFA's money to member federations — all 211 are now entitled to $5 million from each World Cup — and send more to continental and regional soccer bodies. So, more teams also had to mean more games, earning more revenue from broadcasters and sponsors. The '16x3' format arguably works better with only group winners advancing. But that would leave total matches unchanged at 64. Infantino also wants to create fervor in the extra countries which would qualify. In the short-term, competing national teams attract more sponsors. The long-term goal is appealing to more young people who are the future players, fans and officials. Expect to hear much FIFA talk of helping the next Costa Rica or Iceland — feelgood stories at the 2014 World Cup and Euro 2016 — by inviting 16 more teams to the party. ___ 48-TEAM OPTIONS A near-consensus is growing around the '16x3' option revealed just one month ago. All 80 games would be played in exclusive time slots. That's more hours of TV exposure for sponsors and sales time for broadcasters in the same 32-day tournament period. By advancing two teams from each group, a Round of 32 ensures most teams still play at least three matches. FIFA's own analysis predicts this format will raise revenue by 20 percent from the equivalent $5.5 billion forecast from the 2018 World Cup in Russia. The flaw for purists is planning for penalty shootouts to settle drawn group matches. If each game has a 'winner' that guards against teams colluding on a mutually favorable result in the last group games. Previously, Infantino suggested an opening playoff round of 16 matches to decide who would join 16 seeded teams in a traditional 32-team group phase. That was unacceptable to many FIFA members federations who said 'one-and-done' teams were not part of a real World Cup. It also would stretch the tournament to 39 days. ___ 40-TEAM OPTIONS Infantino's plan from one year ago is now almost friendless. Either of two options, 10 groups of four teams or eight five-team groups, gives lopsided or weak match schedules, FIFA judged. In '10x4,' only 76 matches are played and only six group runners-up advance from a muddled tiebreaker process to a Round of 16. In '8x5,' the 88 matches include meaningless ones in a flabby group phase ripe for collusion. Also, the four semifinalists would play eight matches and that workload is unacceptable to European clubs releasing employees to national-team duty. ___ PROVEN 32-TEAM FORMAT Why fix something that is not broken? Germany, the defending champion, has publicly asked this question. The 32-team format and perfect 64-match bracket has worked well since being introduced at the 1998 World Cup in France (where Europe had 15 teams). FIFA acknowledged that it produces the best soccer — 'the highest absolute quality' of games pitting high-ranked teams against each other. Recall that former winners Italy, England and Uruguay were drawn in the same 2014 World Cup group — and yet Costa Rica finished top. Still, enough of FIFA's 211 members want change and their chance to play. ___ WHO WILL PLAY? A big question is likely not being resolved Tuesday. FIFA has yet to announce exactly how many entry slots each of six confederations would get for their own qualifying program. Quotas for a 40-team World Cup were proposed in December 2015 by a FIFA advisory group that included Infantino, then UEFA's general secretary. Some saw a cynical move to sweeten skeptical FIFA voters who were being asked to vote through modernizing and anti-corruption reforms on the same day they picked a new president. Then, assuming a single host nation would get automatic entry, the proposal for sharing 39 qualifying slots was: Europe 14; Africa 7; Asia 6; South America 5; North, Central America and Caribbean 5; Oceania 1; plus a final slot awarded 'based on sporting merits using a method yet to be defined.' Going from 40 to 48 can add at least one more from each continent. Who could those new teams be? On current form, maybe Wales and Panama, Congo and Burkina Faso, Uzbekistan and Oman, will bring something new to the 2026 World Cup. .....»»

Category: sportsSource:  abscbnRelated NewsJan 8th, 2017

Guardiola sounds tetchy but City exit doesn't seem imminent

ROB HARRIS, AP Global Soccer Writer br /> LONDON (AP) — Only six months into his Manchester City reign, Pep Guardiola has sounded tetchy and strained by the demands of English soccer. And the 45-year-old already seems to be counting down to his departure. Not just from City and the English Premier League but soccer completely. 'Manchester City is three years or maybe longer but I am still approaching at the end of my career like a manager,' Guardiola said in broken English in an interview with American network NBC taped in early December but only broadcast last week. 'I am pretty sure of that.' But the end is not imminent. Before City scrambles to start the search for a successor, Guardiola is clearly not planning an immediate escape from Manchester however chilly he is finding his first English winter. 'I will not be a trainer @ 60 or 65 years old,' Guardiola stated, looking ahead to the 2030s. And within City there is no sense Guardiola is taking his eye off the challenge of bringing the Premier League trophy back to the Etihad for the first time since 2014. Guardiola, who was particularly testy after Monday's league win over Burnley, is quickly discovering just how tough the competition is. City has opened the second half of the season in third place and is seven points behind leader Chelsea, which also has a game in hand, while Manchester United is only three points further back in sixth. Unlike in his previous jobs at Barcelona and Bayern Munich, there's no guarantee of a trophy at the end of Guardiola's first season and the comments to NBC will create uncertainty, if unintended, about his commitment to City. It is curious for anyone to announce so early into any job that they are already thinking about their departure. Even more so when you have been pursued for so long by City, which installed former Barcelona executives to make the club more appealing to Guardiola. But when City managed to land Guardiola, the club knew it was hiring someone not interested in long-term projects. Guardiola won a trio of Spanish titles and two Champions League crowns with Barcelona between 2008 and 2012 before vacating the Camp Nou dugout. Three seasons at Bayern Munich, collecting another trio of domestic titles, were enough for Guardiola before taking up a new challenge in Manchester. Guardiola might be obsessive when in a job, but he is not addicted to soccer or the limelight. Between the Barcelona and Bayern jobs, he was content to take a year's sabbatical living in New York. And in the United States, Guardiola was fascinated by an apparent 'American culture' in the workplace. 'People are not staying in the same place for a long time,' he said. 'They move a lot and I believe in that.' Guardiola's soccer aura has faded in England, with City's four league losses more than any rival in the top six. The latest impediment in the title pursuit was inflicted by Liverpool as former Bundesliga rival Juergen Klopp got the better of Guardiola. In Guardiola's first taste of the packed festive program in English soccer, City was back in action inside 48 hours on Monday. The game against Burnley started badly with Fernandinho being sent off but 10-man City did manage to claim a 2-1 victory. Rather than celebrating, Guardiola gave curt post-match interviews where he sounded irritated with the line of questioning about City's disciplinary problems and the interview about his future. It was far from a meltdown as Guardiola has to operate within the constraints of Football Association rules that restrict how coaches can talk about referees. A frustrated Guardiola talked about 'special rules' in England, reflecting how he is still getting accustomed to how soccer laws are interpreted by Premier League referees, rather than criticizing their quality. 'I have to adapt,' Guardiola said. Perhaps, Guardiola has sensed the glee that seems to greet each setback in England and claims his coaching reputation is reliant on being fortunate to have Lionel Messi among his Barcelona talents. Far from being egotistical, Guardiola accepts he is 'not exceptional.' 'I was lucky to train outstanding players in a big club,' he said. 'If I would have trained lower teams than Barcelona and Bayern Munich I would not have won this amount of incredible titles I have won. For the people who believe Pep comes here and City's going to win. No.' And no, Guardiola isn't already packing his bags and heading for Manchester Airport. Guardiola was quoted across British media on Tuesday as telling NBC that 'the process of my goodbye has already started' — a comment that never featured in the broadcast interview. The headlines, though, will do little to dispel the notion that Guardiola's dedication to City is wavering. ___ Rob Harris is at www.twitter.com/RobHarris and www.facebook.com/RobHarrisReports .....»»

Category: sportsSource:  abscbnRelated NewsJan 3rd, 2017

Government readies list of big-ticket projects for AIIB funding

THE GOVERNMENT is now drawing up an initial list of major projects to be submitted to the Asian Infrastructure Investment Bank (AIIB) following Philippine ratification last week of its membership in the China-led new regional lender, the Finance departmen.....»»

Category: newsSource:  bworldonlineRelated NewsDec 12th, 2016

Soccer team from Brazil in plane crash

An airplane with 72 people on board, including players from a Brazilian soccer team heading to Colombia for a regional tournament final, has crashed on its way to Medellin’s international airport......»»

Category: newsSource:  tempoRelated NewsNov 29th, 2016

Pimentel hits early bidding of 2017 DPWH projects pending GAA Ok

By Mar S. Arguelles LEGAZPI CITY &'8212; Senate President Aquilino “Koko” Pimentel III yesterday expressed shock and outrage over reports that some district engineers and regional directors of the Department of Public Works and Highways (DPWH).....»»

Category: newsSource:  bicolmailRelated NewsNov 23rd, 2016

Livelihood program converts drug dependents

Former drug dependents who surrendered themselves during the anti-illegal drugs campaign of police’s 13th Regional Public Safety Battallion are now earning a living through different livelihood projects......»»

Category: newsSource:  tempoRelated NewsNov 13th, 2016

Corporate News: SEC gives go-signal for PPP listing rules

PROPONENTS of infrastructure projects under the public-private partnership (PPP) framework may now advance their plans of debuting on the equities market, after the Securities and Exchange Commission (SEC) approved the applicable listing rules......»»

Category: financeSource:  bworldonlineRelated NewsNov 10th, 2016

Corporate News: AEV earmarks over P50 billion in capital expenditures for 2017

ABOITIZ Equity Ventures, Inc. (AEV) will spend more than P50 billion next year to advance projects in the power generation sector and expand other businesses expected to eventually deliver half its consolidated income......»»

Category: financeSource:  bworldonlineRelated NewsOct 23rd, 2016

S.Africa basks in continent’s first solar-powered airport

At first glance there's nothing out of the ordinary about the regional airport in George, a town of just 150,000 residents on South Africa's south coast......»»

Category: newsSource:  mb.com.phRelated NewsOct 9th, 2016

22-anyos Pinoy tiklo sa P20-M 5 kilos cocaine (Pagdating sa NAIA)

ARESTADO ang isang 22-anyos Filipino sa Ninoy Aquino International Airport makaraan makompiskahan ng halos limang kilo ng cocaine na tinatayang nasa P20 milyon ang halaga nitong Linggo ng hapon. Ayon kay Wilkins Villanueva, regional director ng Philippine.....»»

Category: filipinoSource:  hatawtabloidRelated NewsOct 4th, 2016

Infra spending up 1% in July – DBM

INFRASTRUCTURE spending rose by a meager 1 percent in July, the first month in office of the Duterte administration, as higher disbursements for road projects, school buildings and health facilities were offset by lower defense and regional expenditures, .....»»

Category: newsSource:  manilatimes_netRelated NewsSep 21st, 2016

Megawide to invest in infra projects

MANILA -- Megawide Construction Corporation is set to strengthen its presence in the infrastructure sector as it pursues the completion of the Southwest Integrated Transport System and Terminal 2 of the Mactan-Cebu International Airport......»»

Category: newsSource:  mb.com.phRelated NewsSep 19th, 2016

Megawide eyes airport PPPs, renewable energy

Listed contractor Megawide Construction Corp. said it is keen to bid for airport projects under the public-private partnership (PPP) scheme of the government, as well as securing more renewable energy projects in line with its target to leverage on the pr.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 18th, 2016

Corporate News: Megawide readies war chest for airport projects

MEGAWIDE Construction Corp. is building its war chest to take on more public-private partnerships (PPP), particularly for the construction and operation of airports across the country......»»

Category: financeSource:  bworldonlineRelated NewsSep 18th, 2016

Chinese eye infra projects in General Santos

NANNING, China – Chinese investors plan to work with the local government of General Santos to develop the city’s infrastructure, particularly its airport, a.....»»

Category: financeSource:  philstarRelated NewsSep 14th, 2016

Soccer officials investigate El Salvador match-fixing claim

Regional soccer officials said Tuesday that they are investigating claims by Salvadoran national team players that they were offered money to help Honduras advance in World Cup qualifying play......»»

Category: newsSource:  mb.com.phRelated NewsSep 7th, 2016

Japanese jet returns for second time after taking off for United States

TOKYO: Japan’s new passenger jet on Sunday aborted a test flight to the United States for the second time in two days because of an air conditioning defect, its maker said. On Saturday, a Mitsubishi Regional Jet left Nagoya airport in central Japan.....»»

Category: newsSource:  manilatimes_netRelated NewsAug 28th, 2016