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All eyes on Fed, ECB as they tighten policy in tandem

FRANKFURT -- Tightening policy by a notch just one day apart, the world’s top two central banks will hope to signal confidence in global economic growth, despite risks of a trade war, currency swings and political turbulence. The post All eyes on Fed, ECB as they tighten policy in tandem appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineJun 10th, 2018

Rondina, Gervacio set for collision course in BVR Manila Open

Everything is all set for the Beach Volleyball Republic on Tour Manila Open which fires off Friday at Sands SM By The Bay. All eyes will be on new partnership of Sisi Rondina and rising star Babylove Barbon in the three-day, double gender tournament which will start at 8 a.m. Rondina and Barbon, who will be at the forefront of University of Santo Tomas' quest for a third consecutive UAAP beach volleyball crown next month, will be among the 16 women's pairs that will vie for the P20,000 top prize. The Perlas tandem of Dzi Gervacio and Bea Tan are also tipped to contend for the gold. Incidentally, Rondina and Gervacio were teammates in the FIVB Beach World Tour 1-Star Manila Open last May, as the two sand court veterans made it to the quarterfinals, the highest among the four Philippine pairs.        Other entries in the women's division are National University's Klymince Orilleneda and Antonnete Landicho, UST 2's Gen Eslapor and MJ Ebro, Far Eastern University's Ivana Agudo and Marianne Calinawan, Smart's Grethcel Soltones and Alyssa Eroa, University of Perpetual Help System Dalta's Princess Deana Estanislao and Janine Padue, University of the East's Manalo and Ritual, College of Saint Benilde's Felicia Cui and Kaila Mendoza, Air Force's Anna Abanto and Jennifer Manzano, University of the Philippines' Jessma Ramos and Justine Dorog, and UP 2's Abi Goc and Mikee Osorio. Completing the cast are Rizal Technological University's Macie Candido and Jona Mae De Lima, Kempal's Roma Doromal and Jasmine Nabor, Adamson's Hannah Nicole Infante and Gracelchen Ave, and Ateneo's Jules Samonte and Ponggay Gaston.  The 16-team competition will be divided into four brackets, where the top two teams in each groups after the single-round preliminaries advance in the knockout quarterfinals. The semifinals and finals are also one-match affairs. There are also 16 pairs competing in the men's division led by Bryan Bagunas and James Natividad of reigning UAAP champions NU, and Krung Arbasto and Jaron Requinton of UST. Also in the chase are James Buytrago and Pol Salvador of NU, Ranran Abdilla and Jessie Lopez of Air Force, Ian Yee and Rangel Varga of UST 2, Jeriel Apelar and AJ Pareja of BVR, KR Guzman and Efraim Dimaculangan of Tigers, Philip Bagalay and Greg Utupo of BVR 1, Jude Garcia and Kevin Hadlocon of FEU, Joshua Barrica and Joel Villonson of Army, and Clifford Inoferio and Alven Aljas of UE. Russel Garcia and Reiven Kyle Velera of St. Benilde, Jayjay Solamillo and Gilbert Balmores of Perpetual Help, EJ Ramos and Edmar Bonono of Cignal, Keneth Revilla and Jubith Calio of RTU, Richard Solis and Ralph Dablo of FEU 2 are also joining in the men's division.  .....»»

Category: sportsSource:  abscbnRelated NewsAug 16th, 2018

Bank of Japan sticks with easing as Fed, ECB tighten policy

Bank of Japan head Haruhiko Kuroda defended its decision to press ahead with the country’s ultra-loose monetary policy Friday, even as the US Federal Reserve and European Central Bank tighten their policies. After a two-day meeting, the BoJ said it would retain its current framework, pointing to a disappointing lack of progress towards its longstanding […] The post Bank of Japan sticks with easing as Fed, ECB tighten policy appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 15th, 2018

Asian markets fluctuate as Trump meets Kim, eyes on central banks

Asian investors were cautious on Tuesday as they keep watch on the historic summit between Donald Trump and North Korean leader Kim Jong Un, and await key policy meetings at the Federal Reserve and European Central Bank this week. While the meeting is not expected to see any immediate results, it has provided hope for [...] The post Asian markets fluctuate as Trump meets Kim, eyes on central banks appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 12th, 2018

BSP may need to tighten policy further — Deutsche Bank

SUCCEEDING rate hikes may need to be implemented by the Bangko Sentral ng Pilipinas (BSP) over the coming year in order to arrest faster inflation and keep the peso competitive, a global bank said. The post BSP may need to tighten policy further — Deutsche Bank appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 10th, 2018

ICC to inquire on raps vs Rody

ROQUE: MERE PROCESS TO DETERMINE BASIS President Duterte intends to defend himself, “if need be,” on the crimes against humanity charges that his opponents filed against him before The Hague-based International Criminal Court (ICC), presidential spokesman Harry Roque said yesterday. Roque, an international law expert, explained that the ICC’s recognition was simply a proceeding to determine if the case has basis to proceed or not.Roque said Malacañang has received ICC’s notice for a “preliminary examination” on the complaints filed by the lawyer of self-confessed Davao Death Squad (DDS) assassin Edgar Matobato, who is under the care of Duterte’s chief critic Sen. Antonio Trillanes IV.Roque said the 72-year-old Chief Executive is ready to submit himself before the proceedings once he is summoned to The Hague.“The President and I met about this extensively for two hours last night. The President welcomes the preliminary examination because he is sick and tired of being accused,” Roque told reporters. “Obviously, this is intended to embarrass the president. They will fail. The President said that if need be, he will argue his case before the ICC,” he added.Matobato’s counsel Jude Sabio, in April last year, submitted to the ICC a petition against Mr. Duterte on the basis of his apparent admission of “killing” suspected drug traffickers and criminals in Davao City when he was still its Mayor.By June, Trillanes and Magdalo Partylist Rep. Gary Alejano filed a supplemental complaint against the Chief Executive also at the ICC. The complaint is based on the series of extrajudicial killings attributed to the Duterte administration’s narcotics crackdown.Sabio, in a text message, claimed that the given development is already a victory on their end.“I feel so elated and vindicated. Finally, Mr. Duterte and his cohorts will face criminal investigation by the ICC prosecutor as a prelude to formal criminal investigation,” Sabio said. “It is a huge triumph toward justice. Duterte’s system of death squad killings that he continued in his war on drugs will be investigated and hopefully an arrest warrant will be issued against him and justice will be done,” he added.“I am confident that, based on my communication, as well as that of Sen. Trillanes’ and (Magdalo) Rep. (Gary) Alejano’s, we will hurdle this first big step, and hopefully a warrant of arrest will be issued soon by the ICC against Duterte and his cohorts,” he added. Critics overjoyedTrillanes, for his part, claimed that the ICC’s recognition of their complaint should remind Mr. Duterte that he is not above the law.“This development should jolt Duterte into realizing that he is not above the law. More importantly, this is the first step for the victims’ families’ quest for justice,” the senator said.But Roque said Trillanes and his group should not celebrate yet.“No one should claim victory… If they think the President has been indicted, they are so wrong,” he said.“There will be no formal investigation to be conducted in the country because at the level of the preliminary examination, where the Court does not include the budget for the prosecutor to come to the Philippines because it is not yet a preliminary investigation,” he said.“Now the objective is to determine if there is reasonable basis to proceed with the formal investigation,” he added.In Sabio’s complaint addressed to ICC chief prosecutor Fatou Bensouda, he said that the international criminal court’s action “would... be the beginning of the end of this dark, obscene, murderous and evil era in the Philippines.”“Crimes against humanity are crimes of universal jurisdiction, but where a State like the Philippines fails to assume such universal jurisdiction for crimes against humanity continuously being committed in its very own territory, then the International Criminal Court will have to intervene into a situation that is grave by any human standard,” Sabio said.“The grim statistics of more than 7,000 drug-related killings cannot be anything but grave, especially if viewed in the context of just seven months since Rodrigo Duterte became the President, compared to only about 3,000 committed during the 20-year Marcos regime. These more than 7,000 drug-related killings translate to roughly 1,000 killings per month,” he added.Two other opposition senators urged Malacañang, instead of criticizing this development, to deal with the issues being hurled at the President.“That shouldn’t come as a surprise considering the magnitude of deaths reaching thousands upon thousands in less than two years,” Sen. Francis “Kiko” Pangilinan.“This is the chance for the government to answer the accusations raised against them. There is no reason to be afraid if the administration is not hiding anything,” Sen. Bam Aquino said.Aquino said this should be a welcome opportunity for the administration to make their case to an unbiased and globally respected tribunal. Villarin wants Roque charged, tooAkbayan Rep Tom Villarin said the entry of the ICC into the issues raised against Duterte gives hope to the thousands killed under the latter’s war on drugs. “It is a welcome development and gives hope to thousands of EJK (extra judicial killings) victims that finally justice will be served,” Villarin said.“This will also hold President Duterte and other top officials involved in the bloody war against drugs accountable as well as it gives us an opportunity to implead other enablers of EJKs, including possibly Presidential Spokesman Harry Roque,” Villarin added.While the Akbayan lawmaker said that the investigation may not lead to Duterte’s puster, he said that it will be damning and damaging to his administration in the eyes of our people and the international community.“I am hopeful that people will now realize the truth and demand accountability from him with all constitutional options available,” Villarin said.Alejano said that the preliminary examination will determine whether there is sufficient evidence to warrant an investigation. “I hope that the preliminary examination will be allowed to carry on – unhindered and with full cooperation from concerned authorities, organizations, and personalities,” Alejano, one of those who brought the EJK issue before the ICC, said.“I am confident on the communication we sent to the ICC and strongly believe that President Duterte and those who perpetuate and defend this policy of killing should be held accountable before the law,” Alejano said. Angie M. Rosales, Gerry Baldo.....»»

Category: newsSource:  tribuneRelated NewsJun 7th, 2018

Riding-in-tandem, Aquino and Dengvaxia, Warriors vs. Cavaliers | Evening wRap

Today on Rappler: PNP eyes stickers as solution to riding-in-tandem shootings . Aquino: VACC graft complaint should be dismissed outright. 36-year-old OFW dies in Slovakia after defending 2 women. Long-soaring smartphone market heading to earth. Steph Curry sets NBA Finals record as Warriors torch Cavaliers in Game 2......»»

Category: newsSource:  rapplerRelated NewsJun 4th, 2018

PNP eyes stickers as solution to riding-in-tandem shootings

MANILA, Philippines – The Philippine National Police (PNP) literally has a small solution to a big problem. In a press conference on Monday, June 4, Director General Oscar Albayalde said cops are planning to use stickers on motorcycles to prevent riding-in-tandem shootings all over the Philippines. (READ:  4 killed a day by riding-in-tandem gunmen in the Philippines ) "We are ........»»

Category: newsSource:  rapplerRelated NewsJun 4th, 2018

Rondina, Pons rule the sands anew

Petron XCS dug deep into its well of experience as it clobbered Sta. Lucia Realty A, 21-8, 21-11, to clinch the the Philippine Superliga (PSL) Beach Volleyball Challenge Cup title Sunday at the Sands By the Bay in Mall of Asia. Sisi Rondina and Bernadeth Pons displayed their deadly form early on to frustrate Jackie Estoquia and DM Demontano en route to defending their crown. Earlier, Generika-Ayala A crushed F2 Logistics 21-7, 21-14, to clinch the bronze medal of this battle. Also emerging victorious was Lemuel Arbastro and Kris Roy Guzman of Foton, who shocked erstwhile-undefeated Bryan Bagunas and James Natividad of SM By the Bay, 21-15, 21-15, to bag the gold medal in the men’s division. It was a sweet revenge for the nephew and uncle duo from University of Santo Tomas, which lost to Bagunas and Natividad of National University in the UAAP Season 80 men’s beach volleyball tournament. "It’s a big deal for me and KR after they defeated us in the UAAP,” said Arbasto. “When we heard that they will be competing, we were motivated to meet them again in the finals and, this time, to win against them.”  "In our first meeting (during the preliminary round), they defeated us in straight sets, that’s why my uncle, KR, told me that we should adjust and target their weakness, which was long balls and smart hits at the back,” added Arbasto. Philip Bagalay and Gregory Utupo of Smart, meanwhile, grabbed the bronze medal in men’s play following a 21-16, 22-20 win over Jessie Lopez and Mike Abria of Cignal. But all eyes were on the tandem of Rondina and Pons. After blowing hot and cold in their first couple of matches, the prized pair showed up with fire in its eyes as it shattered the match wide open after turning a slim 6-5 advantage into a 20-8 lead in the first set. The Lady Realtors tried to pump life into their golden hopes as they opened the second set trailing by a slim margin, 10-13, but they committed three consecutive errors while Rondina and Pons stepped on the gas to capture the championship point, 20-11. “We had a hard time because all the opponents were very competitive,” said Pons, adding that they were at their best from start to finish despite very limited time to train due to their respective UAAP commitments. “We just simply wanted to win. We wanted to beat all of our opponents and this is the result.” A down the line attack by Rondina formally gave the Blaze Spikers their back-to-back beach volleyball title. “We’re glad to survive another tough tourney,” said Rondina. “I want to say thank you to (Pons). At least our connection is still there.”.....»»

Category: sportsSource:  abscbnRelated NewsMay 27th, 2018

Jameson-Janella tandem buzzes with youthful brio

Jameson Blake (left) and Janella Salvador make an affable pair in 'So Connected' It's hard to take your eyes off 'So Connected,' Jason Paul Laxamana's quirkily out-of-.....»»

Category: newsSource:  philippinetimesRelated NewsMay 27th, 2018

Gov’t eyes fresh dollar bond issuance before yearend

THE government is eyeing another dollar-denominated bond sale this year in anticipation of further tightening in US monetary policy, the Finance department said. Asked whether the government is eyeing another dollar bond issuance this year, Finance Secretary Carlos G. Dominguez III told reporters in a mobile message yesterday: “confirmed.” He said the issuance may happen […] The post Gov’t eyes fresh dollar bond issuance before yearend appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 14th, 2018

DTI eyes 11% halal share in RP’s total exports

DAVAO CITY — The Department of Trade and Industry (DTI) is eyeing to bring back the share of halal commodities in total Philippine exports to 11% in four years following the recent establishment of the National Halal Certification Scheme. “With our new policy in halal, we aim to increase our share back to at least […] The post DTI eyes 11% halal share in RP’s total exports appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 4th, 2018

Government to tighten rules vs dirty money, terror funding

The Philippines is laying down a national policy strategy to ensure compliance with international standards and effectively combat money laundering and terrorist financing, a top official of the Anti-Money Laundering Council said......»»

Category: financeSource:  philstarRelated NewsApr 25th, 2018

BSP likely to tighten monetary policy in Q2 — report

There is a high probability that the Bangko Sentral ng Pilipinas will lift policy rates in the second quarter, with inflation seen piercing the government’s target despite bullish growth outlook for the Philippine economy, a research firm said......»»

Category: newsSource:  philstarRelated NewsApr 24th, 2018

World Bank expects Philippine economy to maintain growth in 2018, 2019

The World Bank expects the Philippine economy to "maintain" its growth rate in 2018 and 2019, adding that the country’s central bank should stay alert and ready to tighten monetary policy settings amid risks of an overheating economy......»»

Category: financeSource:  philstarRelated NewsApr 12th, 2018

Int’l think tank expects Bangko Sentral to lift key rate in May amid inflation

MANILA, Philippines — The Bangko Sentral ng Pilipinas will likely tighten monetary policy for the first time in more than three years in May to tame building.....»»

Category: newsSource:  philstarRelated NewsMar 31st, 2018

BSP Jan. inflation view exceeds expectations — ING

ING Bank N.V. said the central bank’s “surprisingly high” 3.5-4% inflation estimate has raised expectations that monetary authorities may tighten policy as early as March. “With such a high January inflation forecast, the market may become worried that inflation will accelerate faster than expected in the coming months,” Jose Mario I. Cuyegkeng, senior economist at […] The post BSP Jan. inflation view exceeds expectations — ING appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 2nd, 2018

Resilient Vikings have taken their cue from Zimmer

By Dave Campbell, Associated Press EDEN PRAIRIE, Minn. (AP) — Mike Zimmer was already smiling more than usual, sporting a relaxed look of satisfaction rarely revealed in public during the NFL season, when he really let his guard down a few minutes into his postgame news conference deep inside Minnesota's still-buzzing stadium. "Hey, let's open these things up!" Zimmer blurted out mid-sentence, prodding a Vikings official to push the button that removes the window shades and allows the premium ticket-holders in an adjacent lounge to peer in the room. His wish to interact with the customers who cheered the Vikings on to a last-play divisional round victory was granted. Zimmer then proceeded to slowly and rhythmically clap above his head, dignifying the ritual "Skol" chant performed by the purple-clad fans at each game honoring the area's Scandinavian heritage and the team's nickname. "You deserve it!" Zimmer said, again interrupting his own answer to acknowledge the crowd. From peers around the league to players in the locker room to people up and down the organization, there's a strong sentiment that Zimmer has earned this, too, pulling within one win of a Super Bowl appearance. The way the Vikings finished their 29-24 victory over New Orleans on a last-chance 61-yard touchdown pass from Case Keenum to Stefon Diggs suggested they're on some kind of charmed path, an uncharted territory for this championship-deprived franchise. Zimmer, for his part, has experienced his own share of painful setbacks. "I just think he was so proud of us," tight end Kyle Rudolph said. "Proud of us for fighting until there were zeros on the clock." Zimmer is only here, preparing the Vikings for the NFC title game in Philadelphia on Sunday, because he himself resisted the urge to quit. After being passed over for so many head coach vacancies during a six-year run as Cincinnati's defensive coordinator, Zimmer nearly canceled a second interview in Minnesota in 2014 after a different team that considered him chose a different candidate. He ignored the discouragement in his head, instead accepting the offer to become the ninth head coach in team history at age 57. "Sometimes you wonder, but I have a lot of confidence in myself," Zimmer said at his introductory news conference at team headquarters. "I feel like I was destined to do this." That first season, the Vikings improved by two wins to finish 7-9 with rookie Teddy Bridgewater forced into action ahead of schedule at quarterback and running back Adrian Peterson absent for all but one game because of the child abuse case and subsequent NFL discipline dispute he was involved in. In 2015, they went 11-5 and ended Green Bay's four-year hold on the NFC North title. The potholes in the road were waiting, though. Blair Walsh's 27-yard field-goal try went wide left at the end of the one-point wild-card round loss at home to Seattle. The 5-0 start in 2016 was washed away by a torrent of season-ending injuries, including Bridgewater, Peterson and several offensive linemen. Offensive coordinator Norv Turner resigned the day after Zimmer had the first of eight eye surgeries to address a torn retina. The third procedure forced him to miss a game for the first time in his career . The first quarter of the 2017 season brought knee injuries to quarterback Sam Bradford and running back Dalvin Cook, who needed reconstructive surgery to repair a torn ACL. The Vikings didn't blink, though, particularly with the experience of 2016 so fresh. Case Keenum deftly took over for Bradford, and Jerick McKinnon and Latavius Murray became a productive backfield tandem. All of these on-field hurdles have paled next to the pain Zimmer has endured in his personal life. His wife, Vikki, died suddenly in 2009. His father and former high school coach, Bill, passed away during training camp in 2015. Zimmer was hired by the Vikings because of his acumen as a defensive strategist and teacher, having started his 24-year NFL career as the defensive backs coach for Dallas before a promotion to defensive coordinator in 2000. Calling plays has been his forte, a responsibility he has yet to give up despite his duty as the main man on the staff on game day, but his ability to mold a disciplined, selfless unit from a collection of alpha males and high draft picks helped the Vikings' defense rank first in the league in 2017 in both fewest yards and points allowed. Beneath the gruff exterior is a deep affection for his players, an emotion that has caused his voice to crack and his eyes to well up several times over the years in various public discussions of their development or character. He's a football coach just like his father, though, and the critical eye and demanding approach are always quick to come out. "We can't make these mistakes in playoff games or we'll be going home," Zimmer said on Monday, reflecting on the reality of the performance after the euphoria of the winning play had worn off. Now the Vikings must go on the road to face a team with a 14-3 record just like theirs, the last and biggest obstacle looming before they can experience a Super Bowl. "We've got a bunch of fighters on this team," Zimmer said. "They've been a resilient bunch all year long. I expect it to continue to be that way.".....»»

Category: sportsSource:  abscbnRelated NewsJan 17th, 2018

1 dead, 3 hit by stray bullets in bday-bash gun attack

A birthday celebration turned bloody when riding-in-tandem (RIT) gunmen riddled with bullets a man in front of the horrified eyes of guests, three of whom were hit by stray bullets yesterday in Taguig City. Police identified the victim as Ryan Yalung, of Castillo St., Bgy. Upper Bicutan, who died instantaneously….....»»

Category: newsSource:  journalRelated NewsJan 14th, 2018

BoJ tightening to begin sooner than expected

JAPAN’S ECONOMY will exceed growth forecasts this year, prompting the central bank to tighten monetary policy by mid-year, said Allen Sinai, president of Decision Economics Inc. Sinai said he expects Japan’s economy to grow 2% in 2018, and even faster in 2019, perhaps as much as 2.5%. “What has snuck up on everybody is the […] The post BoJ tightening to begin sooner than expected appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 12th, 2018

Fil-Am pro cyclist tells kababayans to just keep riding

It’s Coryn Rivera’s third time in the Philippines. However, this time is just the first time the now professional cyclist took her bike out to ride around in her native land. What she saw was nothing but a pleasant surprise. “I didn’t know too much (about the cycling scene) when I got here. I was surprised because I saw around 300 cyclists in Tagaytay,” she told reporters. She then continued, “I was really impressed by that.” Along with that, the 25-year-old, said to be the only cyclist with Filipino roots to be taking part in the European circuit, is nothing but glad to see big cycling events like the one she will be participating in over the weekend. “It’s good that Pru Life UK is doing this. This is a step in the right direction for cycling as a sport here,” she said. Rivera will be riding in the upcoming PRUride PH 2018 from January 11 to 14 in Subic, Zambales. Backed by British life insurer Pru Life UK, PRUride PH 2018 is expected to be one of the biggest cycling events in the country as it will be spread over two areas and span two weekends. These kinds of events, in the professional cyclist’s view, will do nothing but ignite Filipinos’ passion for the spot – just like how her love affair with cycling began when her father would bring her along in group rides as a kid. “When I was 10, I already loved the thrill of speed. Then, I was doing group rides with my parents and their friends,” she shared. Indeed, it was riding their bikes together that was the origins of what is now a successful career for Rivera. “We rode regularly on the tandem (bike) before. Then on our group rides during weekends, she was always drafting on us,” father Wally said. He then continued, “She fell down many times, but she got up many times and just kept following us.” From there, it was clear that cycling was going to be a big part of Coryn’s life. So much so that the five-foot-three American cyclist with Filipino blood has her sights set on the biggest competition of them all. As she put it, “Definitely, my eyes are on the Tokyo 2020 (Olympics).” Together with that high hope, Rivera said she will also make it a point to help her kababayans share her passion for the sport. Asked if she’s planning to visit the Philippines more frequently, she answered, “For sure, especially after seeing how many cyclists there are here. It’s just really exciting to see that.” She then continued, “That’s why I want to continue inspiring people to ride more. The weather here is so nice so it’s a great place to ride.” --- Follow this writer on Twitter, @riegogogo......»»

Category: sportsSource:  abscbnRelated NewsJan 10th, 2018