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Analysts on banks’ stocks: Aggressive purchase and hold at current levels

By Carmina Angelica V. Olano THE GROWTH of banking stocks during the quarter accelerated, an uptrend which analysts attribute to lenders’ impressive corporate earnings. For this year, they also signaled an “overweight” on the sector, amid favorable interest rate environment and sustained strong economic fundamentals. The Philippine Stock Exchange index (PSEi) breached the 8,500 level […] The post Analysts on banks’ stocks: Aggressive purchase and hold at current levels appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineFeb 28th, 2018

Analysts on banks’ stocks: Aggressive purchase and hold at current levels (4th Quarter Banking Report 2017)

By Carmina Angelica V. Olano THE GROWTH of banking stocks during the quarter accelerated, an uptrend which analysts attribute to lenders’ impressive corporate earnings. For this year, they also signalled an “overweight” on the sector, amid favourable interest rate environment and sustained strong economic fundamentals. The Philippine Stock Exchange index (PSEi) breached the 8,500 level […] The post Analysts on banks’ stocks: Aggressive purchase and hold at current levels (4th Quarter Banking Report 2017) appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 28th, 2018

DOC VOLLEYBALL: A Battle of Generations

At long last, perhaps the most anticipated finals match in PVL history has been set. Showing dominance and proving why they are the defending champions despite some minor stumbles, the Creamline Cool Smashers barged their way into the Finals uncontested by dispatching a gritty dark horse in the Petro Gazz Angels. On the other hand, proving that their modern approach to the sport can trump experienced veterans, the Ateneo-Motolite Lady Eagles are proving to be one of the most formidable collegiate teams in the country under the helm of a new head coach. While old and new fans of the Ateneo community will be torn between cheering for the former Queen Eagles Alyssa Valdez, Jia Morado and Fille Cainglet-Cayetano and the current Queen Eagles in Bea De Leon, Maddie Madayag and Ponggay Gaston, it is also of particular interest how Creamline head coach Tai Bundit will defend his trophy from his Ateneo successor Oliver Almadro. While Bundit has laid the foundation for a modern approach to the sport during his stint in Ateneo, Almadro on the other hand has taken it a step further in terms of intricacies in attack strategy. The dream finals match couldn’t be more interesting from a technical point of view as it is an arms race of volleyball modernization stemming from similar schools of thought. Creamline Cool Smashers: The OG New School Ever since coach Tai Bundit took the reins for the Ateneo Lady Eagles, the local volleyball scene has been introduced to numerous innovations that inarguably helped ALE seize a pair of crowns in the UAAP. Modern strategies such as the Setter-Open-Middle rotation, libero getting second ball when setter digs, fast pin plays, to name a few. For a good couple of years, the advancements brought about by Bundit have been a bane even for perennial champion coaches in the collegiate scene. As expected, most teams followed suit in order to adapt and challenge the new system introduced. Though the Bundit riddle has been challenged and conquered in the collegiate scene, Tai’s system still holds an iron grip in the professional scene despite everyone else following suit and that is primarily because of his connection with long time apprentices Alyssa Valdez and Jia Morado coupled with supplementation of astounding players in Jema Galanza, Kyla Atienza and Melissa Gohing to name a few. Despite a surprising upset to start of their PVL Open Conference journey, the Creamline Cool Smashers continued to defy odds in exerting dominance given a handicapped line-up for the most part of the season. Regardless of key players like Michele Gumabao, Risa Sato, and Pau Soriano missing action for a number of games, the trio of Valdez, Morado and Galanza have been sufficient in holding off the competition as shown by the team’s performance in serve, passing, setting, and attack – skill departments that are highly influenced by the aforementioned trio. On the other hand, the absences of Sato, Gumabao and Soriano have definitely influenced their sub-par blocking performance since these three players have the major responsibility of setting up the net defense. It is of no surprise that in order to compensate the block, the Cool Smashers have intensified their serving to at least disrupt opponents' attack strategy. Coupled with exceptional floor defense by Atienza in transition, Morado had little difficulties in setting up counter attacks throughout the tournament.   With a full force line-up coming from the semis into the finals, the Creamline Cool Smashers are at their deadliest and all set to defend their crown. With few attack options on the right side as both middles rarely prove threatening with a slide attack, it is expected that the Creamline offense would still be heavy from the left pins care of Valdez and Galanza. The Lady Eagles would certainly load up their tallest players Madayag, De Leon, and Kat Tolentino to shut down the left pin. As such, the most crucial performance that could spell the difference in the finals series would be from opposite player Gumabao. Though Morado usually opts for combination x-plays in the middle to ease off some burden from the left, the Lady Eagles have proven disciplined enough with their block that combination plays rarely work against them. Should Gumabao exert significant threats from the right and if Bundit can develop her right back row attack in time, the Cool Smashers can circumvent one of Ateneo’s strongest suit which is their block and capitalize on their sub-par floor defense to eventually defend the crown. Ateneo-Motolite Lady Eagles: Paving Their Own Path Just when the future of the Ateneo Lady Eagles went uncertain with the exit of Bundit, Almadro’s takeover proved to be a major step in the right direction as witnessed in their remarkable performance for their first major tournament. For a team with a good mix of veterans and rookies, going toe to toe with top club teams in the country bids a bright future for the team as well as making them a significant contender in the upcoming collegiate league. The match-up against their predecessors, the Creamline Cool Smashers, is not just a treat for the fans but for volleyball analysts as well since it will be highly interesting how Almadro has brought about innovations to the framework established by his predecessor and how he will use it to his advantage. Right off the bat, the best change Almadro implemented upon his succession is relegating Kat Tolentino to the opposite position. The right wing couldn’t be a more perfect position for Tolentino since she can maximize her height and power advantage to rack in the points while minimizing burden on her weakness which is floor footwork and defense. While it’s true that we have seen some players shine in the opposite position in the past, Tolentino’s height, power, and ability to be a significant threat even from the back row makes her a cut above the rest. Almadro’s approach of having a tall, dominant, hitter from the right is a step to a modern approach employed even by top foreign teams. Another noticeable shift in Almadro’s system is the lack of reliance on combination x-plays. While some teams employ such strategy as a bread and butter on offense, the Lady Eagles have moved on from the outdated strategy and have only utilized such attack to break monotony. With a tall, dominant hitter from the right and deadly middles given a good pass, setter Deanna Wong is rarely forced to bunch up the attack in the middle in the hopes of confusing the block when she can separate the defense with fast sets to the pins. Almadro’s inclination towards safe and consistent pin play instead of fancy combination plays proves that he is taking the team to a more modernized approach. While the Ateneo-Motolite Lady Eagles have been stellar in both net defense and attack, a glaring limitation too hard not to notice in the sub-par passing and floor defense. No matter how threatening Madayag and De Leon are from the middle, inconsistent passing would severely limit their output and threat imposed from the middle. With Creamline notably deadly from the service line and having a full force line-up that can finally establish a decent wall on the net, it would be of utmost priority for the Lady Eagles to slow down the serve with high passes and consistent distribution of back row and pipe attacks. In a similar way, the Lady Eagles are pressed to be aggressive with the serve as the main advantage of Creamline is consistency in passing care of Gohing. Ateneo-Motolite cannot afford to be lax or careless with the serve as a good pass almost always converts for a point for Morado and company. Though the Lady Eagles have proven formidable with the block, Valdez is still expected to plow and muscle through with her attacks hence Almadro’s ability to quickly adjust the floor defense pattern would spell the outcome of the game for the Lady Eagles. Catch Game One of the PVL Open Conference Finals on December 5, Wednesday, 6 PM on LIGA, LIGA HD, iWant and via livestream......»»

Category: sportsSource:  abscbnRelated NewsDec 4th, 2018

NFA Council OKs additional 250,000 MT rice imports

THE policy-making body of the National Food Authority (NFA) has approved the additional importation of 250,000 metric tons (MT) of rice this year to beef up the agency’s current stock. Following a meeting on Tuesday, the council ordered the NFA to hold an open tender “immediately” for the importation of the additional rice stocks. NFA [...] The post NFA Council OKs additional 250,000 MT rice imports appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 6th, 2018

Business of Football - Philippines highlights football s growth in the country

MANILA -  The recent success of The Azkals, with their Asian Cup qualification, and their FIFA ranking at its highest at 111, has given football a renewed confidence, and a positive outlook in terms of the growth of the sport in the Philippines.   Football is now tipped to become the fastest growing sport in the country, with the largest potential for success commercially, and in terms of on-pitch success.  The sport which is currently number 3 in the Philippines in terms of popularity and participation, after basketball and boxing, is said to be still further behind compared to other sports, such as volleyball, billiards, etc., in terms of TV coverage. These were among the insights and trends gathered from top-notch executives of organizations such as AFC, PFF, PFL, LaLiga, Dentsu X, SMG Insight, Globe Telecom, RSportz, Toby Sports and Manila Times, at the ‘Business of Football - Philippines’, organized by MMC Sportz.  The sold-out event was attended by more than 185 local and foreign delegates on 18 May 2018 at the New World Makati Hotel.   MMC Sports CEO Eric Gottschalk says, “Research in this market, shows that TV is still the number one platform here in the Philippines, and is the number one medium that advertisers are looking for, to spend their budgets on.  We also learned that live TV coverage actually stimulates stadium attendance, and not vice versa.  If there’s more football on TV, we will see more fans in the stadium.  Currently football is not ranked among the top 100 TV programmers in the Philippines and is only number 3 sport in terms of participation and popularity after basketball and boxing.  Football needs media in order to drive commercial revenues for the clubs.”   “Now is also the perfect time to get involved in football since sponsorship and advertising opportunities are currently very affordable compared for example to basketball, but this is predicted to change within the next 6-12 months, as values are expected to increase sharply.  Football also needs to create more idols and heroes to attract more media coverage overall, other than just covering game scores. Each team has a unique story which just needs to be told,” says Gottschalk. Following the presentation about the Philippines Football League (PFL) it was agreed that the PFL now fills the lack of regular created football content as the leagues matches (87 in 2018/19 season) contribute year-round stories to keep football in the news. In the past, the main talking points were around the Azkals which only play very few home matches each year.      Public education about the game of football is also needed on all levels as many people in the Philippines are still not aware about the rules or aware of programs available like coaching academies, amateur competitions, or how and where to follow the professional league.  Ten thousand (10,000) qualified grassroots coaches are also needed to satisfy the local demand and to trigger strong football development and growths. Investors on the other hand are looking for consistency and credibility of the football product but with the PFL in the second season and foreign sponsors expected to invest in the Philippines, local brands should consider to follow suit.  On the sports retail side, only 1.5% of current retail sales are attributed to football, while basketball enjoys a healthy 46% market share. As a result, only limited line items and stocks are available in stores and entry level boots and replica jerseys are too high priced to be affordable for the average consumer. The national player registration program, MY PFF, has been launched with the objective to collect vital statistics and data about the football community which is urgently needed to support the youth football development strategy of the PFF and to develop a players pathway.  As FIFA has mandated to register the estimated 1.5 million players in the Philippines, the PFF has urged organizers and players to already register online as by next month only registered players will be allowed to participate in sanctioned events. The “Business of Football – Philippines” conference also announced 36 career opportunities related to sports and football, including positions in marketing, legal, competition management and coaching, with all these listing being available online with MMC Sportz or for direct inquiries with the PFF. In his closing remarks, MMC Sportz CEO Eric M. Gottschalk stated that “More importantly, Don’t Break the 12th Man! It is important that all stakeholders don’t forget to engage with the fans. The fans are the most important aspect of the development of football in the Philippines – if there are no fans of football then there is no media, no spectators, no players, no games, no business. Everyone is required to ensure we keep the fans (football consumers) engaged year-long and the first step would be to get the media behind the game. There is a strong football - community out there already and hopefully, we the TV broadcasters will take another look at football and give them at least some consideration on the program schedule.  I believe today’s conference was a great success.  We brought the football community together, stimulated thinking, exchanged ideas and transferred a lot of knowledge. Now it is up to the football stakeholders to continue the progress.  From our end (and with the approval of the PFF) we will stage the 2nd edition of BOF early 2019 and hopefully we will be able to report on some of the changes initiated today.”    Speakers who shared their insights include LaLiga Managing Director for South East Asia, Japan, Korean and Australia Ivan Codina, AFC Head of MA Services Domeka Garamendi, SMG Insight Managing Director Frank Saez, Azkals Team Manager Dan Palami, Globe Director for OIC, Citizenship and Advocacy Marketing Miguel Bermundo, PFL CEO Lazarus Xavier, PFF General Secretary Atty. Edwin Gastanes, Ignite Sports Group Managing Director Michael Reyes,  Asian Replica Designs Founder & Owner Jonathan Mallinson, Quorum Group President & COO Jose Claudio, Jr., Mediapro Asia Director of Sales and Sponsorship Salauddin Sinnakandu, and MMC Sportz Marketing CEO Eric Gottschalk.  Organized by MMC Sportz Asia, the event was sanctioned by the Asia Football Confederation (AFC) and the Philippines Football Federation (PFF), and sponsored by La Liga, Dentsu X, SMG Insight, RSportz, Globe Telecom, Toby’s Sports, Manila Times and Platinumlist. - RELEASE  .....»»

Category: sportsSource:  abscbnRelated NewsMay 22nd, 2018

Brazil to lose share of sugar market as mills see no profit

SAO PAULO — Brazil will lose a significant share of the global sugar trade to competitors in the current season as price levels make it unprofitable for most mills to produce the sweetener, consultants and millers said on Friday. Analysts are forecasting a reduction in sugar production in Brazil’s center-south in 2018-2019 of up to […] The post Brazil to lose share of sugar market as mills see no profit appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 29th, 2018

Federer overpowers Dimitrov to win 97th career title

By Mike Corder, Associated Press ROTTERDAM, Netherlands (AP) — Roger Federer came to the ABN AMRO World Tournament aiming to secure a return to the top of the world rankings. He achieved that goal Friday. On Sunday, he put an exclamation point on a remarkable week by winning the tournament for good measure. Federer overpowered an ailing Grigor Dimitrov 6-2, 6-2 in less than an hour to win his 97th career title. "What a week it's been. Absolutely amazing," Federer said. "The goal was to make the semis and I won the tournament so of course I'm incredibly excited and so, so happy." The 36-year-old Swiss extended his domination over the player once dubbed "Baby Fed" for the similarities in their playing style, registering his seventh victory in as many meetings. Federer's third title at the Rotterdam tournament comes a day before he officially returns to the top of the rankings, more than five years after he was last world No. 1. He will become the oldest person to hold the No. 1 position when the rankings are updated on Monday. It's been more than five years since Federer was last No. 1, and 14 years since he first reached the top spot. Federer, who has 20 Grand Slams to his name, said his next target is 100 career titles. He moved a step closer Sunday. Federer said ahead of the final that the more aggressive player would win and Dimitrov started the strongest, winning his first game to love as he slammed powerful forehands and backhands past Federer. But the Swiss great quickly started matching Dimitrov's groundstrokes and converted his first break point in the fifth game. Federer broke Dimitrov again to go up 5-2 and then served out the set. Federer kept the pressure on Dimitrov in the second set, breaking the Bulgarian in the first game and continuing to dominate on his way to victory in just 55 minutes. Federer won a massive 82 percent of points on his service compared to 55 percent for Dimitrov. After his strong start, the Bulgarian appeared to be struggling physically, but said afterward that he simply wasn't good enough. Tournament director Richard Krajicek said Dimitrov was ill Saturday night and was short on energy on court. "Against Roger in the current situation he is in you can't play any less than 100 percent," Dimitrov said......»»

Category: sportsSource:  abscbnRelated NewsFeb 19th, 2018

Japan mulls more aggressive military stance as North Korean threat looms – CNN News

Japan is considering a further step away from its long-held pacifist stance with a proposal which would allow it, for the first time since World War II, to strike overseas targets. The proposal from the ruling Liberal Democratic Party (LDP) advocates adopting new measures to address missile threats from North Korea, including ramping up Japan's missile defense capabilities and, in a departure from its postwar constitution, developing the &'8220;capacity to counterattack enemy bases&'8221; in the event of a missile attack on the country. Hiroshi Imazu, chair of the Research Commission on Security for the LDP, and former Defense Minister Itsunori Onodera, submitted the proposal on missile defense to Prime Minister Shinzo Abe. Onodera, who led the panel, told press after the meeting that Japan's current systems might not be able to cope with a barrage of attacks. &'8220;There are limitations (of our) ballistic missile defense (BMD) if several missiles are fired,&'8221; he said. &'8220;Neutralizing an enemy base (and preventing the launch of) the second and third missiles is within the range of self-defense. It is not a preemptive strike,&'8221; he added. Anxiety in Japan follows a recent string of North Korean missile tests. Earlier this month, Pyongyang fired four intermediate-range ballistic missiles, three of which landed less than 200 nautical miles off the Japanese coast. Abe said that his government would seriously consider the proposal. &'8220;We assess that the threat (from North Korea) has advanced to a new stage, we take it seriously. This assessment is shared by the United States,&'8221; he said Thursday. &'8220;We intend to grasp today's proposal firmly.&'8221; Jeff Kingston, director of Asian studies at Temple University in Tokyo, told CNN Abe is in a &'8220;pretty good position&'8221; to push the changes through the Diet, Japan's parliament. &'8220;In many different ways Abe is pushing the envelope against postwar norms and values,&'8221; Kingston said. However, &'8220;recent (North Korean) tests put wind in his sails and given that he controls both houses of the Diet he's in a pretty good position.&'8221; Japan has not launched an attack on foreign soil since World War II. Currently, any Japanese counterattack on North Korea would need to come from US forces because Tokyo doesn't have all the equipment needed to carry out long-range strikes, analysts said. &'8220;They can bomb anyone landing on one of Japan's main islands&' but they can't strike Chinese or North Korean air bases or missile sites,&'8221; said Carl Schuster, a former director of operations at the US Pacific Command's Joint Intelligence Center. Schuster points out that Japanese warplanes don't carry the equipment necessary to suppress enemy air defenses. &'8220;They can defend. but they can't punch back,&'8221; he said. Renho Murata, the leader of the opposition Democratic Party of Japan, said she was concerned the new proposals indicated that &'8220;the cornerstones of the peaceful nation of Japan&'8221; were &'8220;falling down.&'8221; The politician, who is universally known in Japan by her given name, Renho, added that what constituted a &'8220;counterattack&'8221; would need to be carefully considered. The LDP proposal also suggests Japan ramp up its current defense systems, including the introduction of the US-developed THAAD and Aegis missile defense systems, and accelerate early warning satellite development. It also suggests that Japan's government clarify its legal ability to intercept threats to vessels operating in its 200 kilometer (124 mile) exclusive economic zone (EEZ). Japan mulls more aggressive military stance as North Korean threat looms By Euan McKirdy and Junko Ogura, CNN Updated 0235 GMT (1035 HKT) March 31, 2017 Now PlayingJapan prepares for&' Source: CNN Japan prepares for potential N. Korea attack 02:39 Story highlights Shift would enable targeting overseas 'enemy bases' in the event of a strike on Japan Proposed changes to Japan's military stance come on the heels of 2015 reinterpretation of pacifist constitution Tokyo (CNN)Japan is considering a further step away from its long-held pacifist stance with a proposal which would allow it, for the first time since World War II, to strike overseas targets. The proposal from the ruling Liberal Democratic Party (LDP) advocates adopting new measures to address missile threats from North Korea, including ramping up Japan's missile defense capabilities and, in a departure from its postwar constitution, developing the &'8220;capacity to counterattack enemy bases&'8221; in the event of a missile attack on the country. Hiroshi Imazu, chair of the Research Commission on Security for the LDP, and former Defense Minister Itsunori Onodera, submitted the proposal on missile defense to Prime Minister Shinzo Abe. Onodera, who led the panel, told press after the meeting that Japan's current systems might not be able to cope with a barrage of attacks. &'8220;There are limitations (of our) ballistic missile defense (BMD) if several missiles are fired,&'8221; he said. &'8220;Neutralizing an enemy base (and preventing the launch of) the second and third missiles is within the range of self-defense. It is not a preemptive strike,&'8221; he added. Anxiety in Japan follows a recent string of North Korean missile tests. Earlier this month, Pyongyang fired four intermediate-range ballistic missiles, three of which landed less than 200 nautical miles off the Japanese coast. Abe said that his government would seriously consider the proposal. &'8220;We assess that the threat (from North Korea) has advanced to a new stage, we take it seriously. This assessment is shared by the United States,&'8221; he said Thursday. &'8220;We intend to grasp today's proposal firmly.&'8221; Jeff Kingston, director of Asian studies at Temple University in Tokyo, told CNN [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsMar 31st, 2017

Tech stocks dip, dividend payers rise as indexes tread water

NEW YORK — Technology stocks fell yesterday, but gains for utilities and other big dividend payers helped US indexes hold close to record levels......»»

Category: newsSource:  philstarRelated NewsDec 16th, 2016

Stock Market: Stocks to stay weak on US GDP, Fed hike worries

THE BELLWETHER index may trade within the 7,200 to 7,700 levels this week as investors watch out for international catalyts and local earning reports, analysts said......»»

Category: financeSource:  bworldonlineRelated NewsOct 30th, 2016

Stock Market: PHL stocks to trade sideways on US payrolls data

LOCAL STOCKS may trade sideways next week, with the main index to hover between 7,490 and 7,720 levels, as market movement may be dictated by external concerns such as the US jobs data, among others, analysts said......»»

Category: financeSource:  bworldonlineRelated NewsOct 9th, 2016

Jordan s weight reaches farther than court in NC

By Steve Aschburner, NBA.com CHARLOTTE -- Unlike Mark Cuban and James Dolan, the host of the 2019 NBA All-Star Game was voted in 14 times to participate and played in 13. Quite different from Micky Arison and Glen Taylor, the team owner whose arena and city will be the center of All-Star 2019 averaged 20.2 points in those 13 All-Star appearances, was named MVP three times and posted the first triple-double in the game’s history (1997). And not at all like Steve Ballmer and Joe Lacob, the guy most often credited with making Charlotte All-Star worthy this weekend ignited the annual Slam Dunk Contest with his takeoff from the foul line in 1988. He also regularly irritated former NBA commissioner David Stern into a series of fines for golfing when he should have been sitting through mandatory Friday media sessions. With a level of celebrity as arguably the game’s greatest player ever, morphed now into an off-radar role as owner of the Charlotte Hornets, Michael Jordan remains as famous, as popular and as successful as any or all the active All-Star participants who’ll cavort at the Spectrum Center in the city’s Uptown business district. Ain’t no other NBA owner who can say that. “You think about all these wealthy, successful owners in our league,” said Hornets president Fred Whitfield, “no one knew who any of them were, really, until they bought their team. Everybody in the world knew who Michael Jordan was before he bought his team.” Jordan’s place in the All-Star galaxy in the coming days is reflective of his unique position among those who oversee the NBA’s 29 other franchises. His impact on the team, on its fans, on their city and on the state in returning to his native North Carolina -- he grew up in coastal Wilmington before attending college in Chapel Hill -- to anchor and lend stability to the Hornets will be on full display, even if he’s hard to spot this weekend. It’s all a reminder, too, of the old movie line from a remarkably blessed character, wondering “What do you do when your real life exceeds your dreams?” Most don’t dare to imagine playing in an All-Star Game, never mind hosting one as the owner of the local team. “No,” Jordan told some Charlotte reporters Tuesday (Wednesday, PHL time), coming forward for one of his few appearances of the week. “As a kid growing up here in North Carolina, the first thing [was] playing basketball. And then things evolved from there -- from the University of North Carolina to Chicago. Obviously you know the history from that. “[The] opportunity to represent North Carolina in an All-Star Game from a different seat is truly amazing. It tells the path that I have taken. It gives me great pleasure to give that back to the community. It’s been a long-traveled road.” The celebration of the league’s brightest stars, and the ubiquitous banners and signage devoted to it will make it even harder than usual to visibly spot signs of Jordan’s ownership of the Hornets. For a typical regular season game, you might spy a flag emblazoned with his well-known “Jumpman” logo. Occasionally he’ll watch part of the game, rarely all, from seats at the end of his team’s bench, though he’s as likely to retreat to his suite atop the arena’s lower bowl. An in-game, timeout scoreboard video meant to stoke the crowd includes shots of GM Mitch Kupchak (“Architect of Champions”) and coach James Borrego (“Elite Pedigree”) but ends right about the time you expect some dramatic silhouette of His Airness to appear. It’s as if Jordan is as protective of his brand in running the Hornets as he is in maintaining its exclusivity in the marketplace. Doesn’t matter, though. His fingerprints are all over the franchise, as a basketball team, as a business enterprise and as a member of the community. On court, Jordan trusts his team Jordan’s greatest notoriety as an owner in a basketball setting may have come in December, when he was courtside for a tense game against Detroit. Guard Jeremy Lamb drained a 22-foot jumper with 0.3 seconds left, sending reserves Malik Monk and Bismack Biyombo onto the floor in celebration of what would be a 108-107 home victory. Trouble was, that sliver of time on the clock. Too many men. The Hornets were whistled for a one-shot technical foul and Jordan impulsively smacked Monk lightly, twice, on the back of the head. Any other owner does that, the player’s agent might file a grievance with the players union. Jordan does it and, thanks to his in-the-trenches, in-the-fraternity credibility, it comes across as a goof. “A tap of endearment,” Jordan called it later in a statement. “It was like a big brother and little brother tap. No negative intent. Only love!" Said Monk: “Big, big, big brother. But it was nothing. He was just playing.” The arc of Jordan’s career and his reputation as a stone-cold competitor make it OK if he wants to vent -- or swipe -- when things don’t go the Hornets’ way. Doesn’t matter that Jordan, who will turn 56 on All-Star Sunday, is old enough to be any of his players' dad. He still carries himself like an athlete, and their frame of reference remains, “That’s Mike.” “I’ve seen kids come up through camps,” said Buzz Peterson, Charlotte’s assistant general manager under Kupchak. “You could say Julius Erving, you could say Larry Johnson, Karl Malone, whatever, and the kids’ eyes are like, ‘Who?’ But you say Michael Jordan, they’re gonna know. That’s the separation there.” Peterson is among Jordan’s closest friends -- he beat him out as North Carolina’s prep player of the year in 1981, won an NCAA title with him as a Tar Heels teammate and is described by those who know both as someone who can disagree with the boss while staying comfortably in the inner circle. For Borrego, Charlotte’s first-year coach, interviewing to run Jordan’s team could have been intimidating. “We’re all human beings -- there’s a presence that comes with ‘Michael Jordan’ when he’s around,” Borrego told NBA.com in January. “But it’s healthy. He comes with a competitive spirit that you feel. “Michael was straight with me from Day 1. When I interviewed, he said, ‘I’m going to give you space to do your job. Whatever you need, you come to me. I’ll give you the resources you need.’ He has not tried to interfere one time. I feel his full support. … We’re starting to speak each other’s language, which is pretty healthy for us now.” Jordan keeps the coach apprised of his interactions with players, Borrego said. Other coaches should have such a resource at the ready. Hornets guard and 2019 All-Star starter Kemba Walker probably has benefited most from Jordan’s counsel. They text frequently, a pinch-me arrangement to this day for Walker. “I grew up wearing Jordans, grew up wanting to be like Jordan,” Walker said recently. “So for me to get this opportunity to be on his team means the world to me. He’s the one who believed in me -- I had no idea where I was going to go on draft night and he traded up for me. I’ve always heard the story, he was the one who actually drafted me. So it’s unbelievable. “He’s such a good dude. He understands what it is to be good. His delivery is always good. Only in a positive way, honestly.” Said rookie wing Miles Bridges: “You think there’ll be a lot of pressure having MJ as an owner. I’d seen how he got on his teammates when he played. So I was nervous, thinking if I had a bad game, he’d go at me like, ‘What’re you doing?’ But after meeting him and bonding with him, I feel like he’s the coolest owner out there. I don’t feel any pressure, I feel like he wants the best for us.” Big man Frank Kaminsky typically sits at the end of the bench, which puts him cheek to cheek with Jordan when he’s courtside. “He’s talking about what he’s seeing out on the court. Talking to the refs,” Kaminsky said. “Things other players don’t necessarily see. He still thinks the game. “You see things on the court that he sees. One game, the roll, pocket-pass, skip to the corner was open. He was saying that. We made an adjustment in a timeout, but he saw it a couple plays before that. At the end of that game, we had a big play that was a roll, pocket-pass, into the corner that put the game away. It worked the way he’d seen it.” The Hornets’ struggles during Jordan’s tenure as owner wouldn’t suggest it -- the last time this organization won a playoff series (2002), Jordan still was a player -- but there is a prestige to playing for his team. It’s not unlike being welcomed onto the list of elite athletes who endorse Jordan Brand. “I’m one of the lucky ones who’s in both,” Kaminsky said. “You’re talking about the most iconic player in sports history -- I might be biased because I grew up in Chicago -- but when you have his approval, it means a lot. You have it in the back of your mind that he wants you here.” Head smack or no head smack. Jordan grows as owner, businessman Basketball is a zero-sum game and the NBA is full of stars, even if none shines quite as brightly as Jordan. But business has room for negotiation and compromise, and deals get struck daily that leave both sides happy. There, Jordan has been beyond clutch. Funnel down everything he’s accomplished -- six NBA championships, the league’s highest career scoring average (30.1), five MVP awards, six Finals MVP, 10 scoring titles, nine All-Defensive team nods -- and it invariably ends with clammy hands. The “wow” factor is real and the Hornets are extremely careful about leveraging it. “It gives our organization a certain cachet,” said Whitfield, another longtime friend who goes back more than 35 years with Jordan. “For him to be majority owner, for him to do it in his home state as a local hometown hero, and to be able to come back and not just lead the team and the rebranding from the Bobcats to the Hornets, but his commitment to the community in giving back, it’s something that’s so special.” That’s a lot to unpack. When Jordan initially signed on with the Hornets, he did so as head of its basketball operations in 2006, purchasing a small minority stake in the team. The team was bad, the business was worse and trending down. “Back in ’08-09, the economy was in the tank and I was mandated to ‘displace’ 42 of our executives here on the business side,” Whitfield said. “When Michael bought the team, we were losing $30 million a year.’ Brought back into the league in 2004 two years after the original Hornets (1988-2002) were moved to New Orleans by reviled owner George Shinn, the Charlotte expansion team was owned -- and nicknamed -- by Bob Johnson, a co-founder of the BET television network. The Bobcats excelled only at losing and were 122 games under .500 in their first five seasons. The front office was understaffed, Spectrum Center (then known as Time Warner Cable Arena) needed renovations almost from its inception and there was a real sense that, if a buyer with deep pockets and a commitment to the area weren’t found, the franchise could be moved. In March 2010, Jordan ponied up the cash to become majority owner. But it says something that the deal stands as one of the few, if ever, instances of an NBA franchise being sold at a discount. Johnson paid $300 million for the team; Jordan purchased it for $275 million. Forbes.com recently had Charlotte worth $1.25 billion -- which ranks 28th. And Jordan reportedly has one of the biggest stakes of all NBA owners, with his share estimated at upwards of 90 percent, possibly as high as 98 percent. That’s a lot of success in nine years, despite the basketball team’s mostly middling performance. “With MJ being with the team, you got instant credibility in the marketplace,” said Pete Guelli, the chief operating officer who started on the job about 10 months before Jordan took ownership. “There had been a lot of uncertainty previously, but with his brand and his resources and his commitment, that just dissipated immediately. It was much, much easier to walk in the door and tell people about our vision for this franchise.” Rebranding the team as “Hornets” gave the franchise an existential boost -- it suddenly had a history again, complete with records, archives and true alumni. The arena got a makeover and, per Guelli, is credited for events there that generate an alleged $1 billion in revenues for local businesses. “Fortunately, we’ve been profitable pretty much since [Jordan took over],” Whitfield said. “That’s huge, especially since we haven’t gotten where we want to be on the basketball side.” Closing a new kind of game now It’s hard to overstate Jordan’s added value, not so much as some corporate or financial whiz but as a presence who brought instant motivation and energy to the staff. He imported executives with whom he had developed relationships at Nike or in other ventures and, after taking early criticism for an uncertain level of involvement, has been more diligent in recent years. “I love seeing him sitting at the end of the bench encouraging his players when he attends a game” said Charles F. Bowman, Bank of America’s market president for Charlotte and North Carolina. “And as a business person what impresses me is that he has empowered his management team to focus not only on the court but also on building bridges with the community. “He had a vision for where he was taking the team and a clear plan to get there. He has hired good people, gives them latitude to make decisions and he expects them to perform. Michael is unique -- the best player ever who is determined to keep getting better year over year as an owner.” The NBA has gotten a taste of Jordan’s growth and transition at some pivotal times. This is the legendary voice of the players who, during rancorous negotiations in the 1998 lockout, countered Washington owner Abe Pollin’s gripes about losing money by telling Pollin to sell his team. By the lockout of 2011, Jordan had moved to the other side of the table. But several members of the National Basketball Players Association’s executive committee saw him not as an opponent or turncoat but as a role model: someone who had transformed himself from employee to employer at the game’s highest level. “The players understood, he had been in their shoes,” Whitfield said. “He’s not forgetting what it meant to be a player. He was in the process of learning what it meant to be an owner.” When the current collective bargaining agreement was negotiated with commissioner Adam Silver and union director Michele Roberts leading the talks, Jordan was an active, powerful voice. He is an influential member of the NBA’s labor relations and competition committees. One Charlotte insider spoke to Jordan’s clout with his fellow owners in getting this weekend’s showcase -- jeopardized by a political squabble in 2017 -- back onto the league’s short list. “There’s no All-Star Game here in Charlotte if it’s not for MJ,” the person said. Last summer in Las Vegas, Silver lauded Jordan for his ability to straddle the basketball and business worlds. “He brings unique credibility to the table when we're having discussions [with the players],” he said, “and even just among the owners, he's able to represent a player point of view… Michael can say, 'Well, look, this is how I looked at it when I was a player, and these are the kind of issues we need to address if we're going to convince players that something is in everyone's interest.’ ” Jordan’s powers of persuasion apparently have been even more impressive in Charlotte and North Carolina. The executives are careful about relying on him too often -- Jordan’s most precious commodity, now that his net worth is estimated to be upwards of $1.7 billion -- is his time. But when they need Mariano Rivera to walk in from the bullpen, he is lights out. “We’ve had corporate sponsors at a golf outing, and he’s been there, maybe stayed at one hole to tell off with everybody,” Whitfield said. Or they’ll invite certain corporate sponsors to one of a few games each season in which “Club 23” is up and running at the Spectrum Center, a private club built for such purposes. They get a chance to visit, talk with and pick Jordan’s brain on the Hornets and much more. “We’ve closed all those deals,” Whitfield said. Then there was the time a local CEO wanted to finalize a sizeable sponsorship deal with the team, and had his No. 2 invite Jordan over to their headquarters for the meetings. Whitfield told the tale: “This guy says, 'You have to come to our office. Our CEO is the man in our business.' But we’re like, 'Nah, typically, CEOs come and meet in Michael’s office or in ‘Club 23’ over here.' He said no, that wasn’t going to work for them. “So Pete Guelli said, 'Let’s make a deal: We’ll take your CEO and drop him off in Beijing. And we’ll drop off Michael in Beijing. Then we’ll see who more people gravitate to. Whoever gets the least people, he has to come to the other guy’s office.'” Point made. Point taken. Said Whitfield: “The guy says, ‘You know what, I got it. We’ll be over 10 o’clock Friday morning.’” A community he calls home The Michael Jordan who once seemed determined to float above cultural and political frays as the most prudent way to serve commerce has not held back in recent years from making his presence felt. He has been more philanthropist than activist and, let’s face it, in times of the most dire need, cash beats talk every time. Charity and investing in the community can be good for business, sure. Making that a priority after Guelli’s arrival and Jordan’s purchase helped the Hornets build bridges with fans and merchants that Shinn and the original franchise’s departure had torched. More than that, though, giving back for Jordan and his team at this point in his life was the right thing to do. And do, and do, and do. The list of charitable and civic efforts Jordan and the Hornets have undertaken is long, with few outside the region or state aware of most of it. Among the highlights: - Donating $2 million to relief efforts in the wake of Hurricane Florence, particularly meaningful because of the damage it did in Jordan’s hometown of Wilmington. - Dedicated $7 million in partnership with Novant Health to fund two Michael Jordan Family Clinics, set to open in Charlotte in 2020. - Serving as Make-A-Wish’s Chief Wish Ambassador since 2008, while donating more than $5 million to the organization. His relationship with Make-A-Wish began more than 30 years ago. - Contributing $5 million as a founding donor of the Smithsonian’s National Museum of African American History and Culture in Washington, D.C. - Addressing the issue of police shootings and community policing in 2016 by donating $1 million each to the NAACP Legal Defense Fund and the International Association of Chiefs of Police. After the hurricane in September devastated so many homes and businesses in and near Jordan’s roots, he wanted to do more than to stroke a fat check. In a meeting covered by The Associated Press, he met with Stephanie Parker and her family, including four young children, after they lost their apartment in two feet of flooding. A call from the director of the Cape Fear chapter of the Red Cross brought them together. The meeting took place at a Lowe’s home improvement store. “I look around the corner, and it’s Michael Jordan. ‘Oh my God!’" Parker said. “I look at my kids, ‘It’s Michael Jordan!’ I’m not going to lie, some tears came in my eyes, because the first thing that went through my mind was when I was younger, his last game when he was on the Chicago Bulls team, and that flashback just came right in my mind.” Afterward, Jordan was coaxed by the Charlotte Observer to talk about why that disaster resonated so deeply for him. “You gotta take care of home,” he said. “Wilmington truly is my home. Kept thinking about all those places I grew up going to … You don’t want to see any of that anywhere, but when it’s home, that’s tough to swallow.” There’s basketball, there’s business and then there’s real life, which sometimes intrudes in the most desperate ways. “We didn’t know how many people in our community were hungry,” Whitfield said. “There are people in dire need, and it’s special to have that hometown hero have in his heart that ‘This is where I can help.’ “It gives not only him as a person but our organization a platform to really speak out. That commitment is what has made him a special owner, and why he’s even more beloved in our community.” Winning title No. 7 drives Jordan now To date, Jordan’s greatest achievements have come elsewhere, at least since his baseline shot as a freshman propelled North Carolina to the 1982 NCAA championship. Those Bulls championships, the “Dream Team” magnificence, his partnership with that sneaker company in Beaverton, Ore., his Naismith Memorial Basketball Hall of Fame induction, shooting “Space Jam,” all of it -- his legacy has been crafted with others, for others, mostly far from home. (For the record, Jordan, his wife Yvette and their two daughters own a mansion outside Charlotte and an estate in south Florida). “Look, this has always been home for him,” Whitfield said. “Even though he was drafted by Chicago, WGN became a very popular station. And he just continued to elevate, so people in this state were proud to say, even though he’s a Bull, we love him. When the Bulls would come here and play at the old Coliseum, these fans who were avid Hornets fans were all pulling for Michael Jordan. “He’d score, they’d cheer loudly. The Hornets would score, they’d cheer loudly. North Carolina always felt like he was their native son who went off and achieved greatness.” Coming back first to head the franchise’s basketball operations and then as owner, Jordan’s role -- in light of the modest results on the court -- has been custodial. Yes, the club’s improved financial stability is important. But for this driven winner and NBA owner unlike all others, custodial isn’t going to cut it for long. “He did an interview with Cigar Aficionado magazine a while back,” Peterson said, “and the question was asked, ‘What would you like to do?’ And he said, ‘Win a seventh championship. Win as an owner.’ So for me, every day, I’m thinking, here’s a close friend and you want to make your friends happy, right? So each day I think, do the best you can to reach this goal for him.” Said Hornets wing Nicolas Batum: “I understand. He wants to win. He wants to compete since he was born.” It hasn’t been for lack of trying, although Jordan has made sure to keep fiscal responsibility high on every agenda. The team’s payroll for 2018-19 is approximately $122.3 million, which ranks near the middle of the NBA pack. “That Michael Jordan is one cheap dude,” said an impassioned cab driver on a recent airport run. “He’s only going to spend so much and the players they get shows it.” The Hornets never have spent into the league’s luxury-tax, and if Walker is retained when he hits free agency this summer, he’ll likely become the first Charlotte player to sign a full maximum-salary contract (though the five-year, $120 million deal Batum landed in 2016 came awfully close). Injuries and dubious moves have taken a toll, a situation that Kupchak, Borrego and their staffs have been tasked with fixing. Jordan, by all accounts, is engaged yet patient, with a playoff berth and potentially a record above .500 within reach. “I’m sure he feels like,” Whitfield said, “if he were still 30 years old and could lace ‘em up and get out there, he’d help us get over the hump. I think he would cherish it as much or more than the first six. Because I think he realizes how hard it is to get it done. “But it doesn’t bother us if the fans see his frustration sitting next to our bench. It’s important to us that they see he’s not only invested, he’s vested in what our team is trying to do. They can relate to him because they’re feeling that same frustration.” Jordan is theirs again and that’s what matters. For basketball, for business, for community and in time, just maybe, in championship. Steve Aschburner has written about the NBA since 1980. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsFeb 16th, 2019

WATCH: Jimuel Pacquiao drops opponent in first amateur bout

The apple doesn't fall far from the tree, so they say.  While eight-division boxing world champion and current reigning WBA (Regular) Welterweight World Champion Manny "Pacman" Pacquiao may be at the tail end of his long and storied boxing career, it looks like the next generation Pacquiao is getting ready to carry on the legacy.  Manny's eldest son, Emmanuel Jr., or Jimuel is already into the sweet science, and over the weekend, showed off a tiny bit of what he can do inside the squared circle.  Taking on schoolmate Lucas Carson in a two-round sparring session, Jimuel - who showcased the aggression of a young Pacman - dropped his opponent, much to the delight of Team Pacquiao, who was in attendance.        View this post on Instagram                   Emmanuel ‘Jimuel’ Pacquiao Jr aggressive in Rd 1 knocks down opponent schoolmate Lucas Carson . It was an action packed bout of just 2 rounds with entire team Pacquiao supporting Jimuel who dreams to represent Phils in the future . #itsintheblood #boxing A post shared by Dyan Castillejo (@dyancastillejo) on Feb 8, 2019 at 10:34pm PST Obviously, Jimuel has a long way to go, but if this is any indication of the kid's potential, then it looks like the boxing world will have another Pacquiao to look forward to.  .....»»

Category: sportsSource:  abscbnRelated NewsFeb 11th, 2019

2019 NBA Trade Deadline roundup

NBA.com staff report Here's a recap of all the deals done immediately before the 2019 NBA Trade Deadline. Sixers add Ennis for pick swap Sixers receive: F James Ennis Rockets receive: Rights to 2021 second-round pick swap Official Release: Sixers Instant Analysis: After trading several rotation pieces while bulking their starting lineup, the Sixers began to add depth behind the star-laden openers. The well-traveled Ennis has proven able to contribute effectively as a starter or off the bench through four-plus NBA seasons in Houston, Memphis, Detroit, Miami and New Orleans. * * * Three-team deal ends with Mirotic to Bucks Pistons receive: F Thon Maker Bucks receive: F Nikola Mirotic Pelicans receive: F/C Jason Smith F Stanley Johnson Four future second-round picks (via Detroit) Official Release: Bucks | Pistons | Pelicans Instant Analysis: The Bucks completed a two-stage, three-team deal heading into the deadline. First, discontented big man Maker went to Detroit for Johnson ... who was then redirected with veteran Smith and four second-round picks to the Pelicans for Mirotic. Adding yet another sharpshooting big around Giannis Antetokounmpo should only heighten the matchup nightmares Milwaukee presents. * * * Third move for backcourt duo Pacers receive: G Nik Stauskas G Wade Baldwin IV Rights to Maarty Leunen 2021 second-round pick Rockets receive: Cash considerations Official Release: Pacers Instant Analysis: This marks the fourth team in as many days for the backcourt duo, who began the week playing for Portland and have made stops in Cleveland (for Rodney Hood) and Houston (in a three-teamer with Sacramento) on the way to Indiana. Neither have earned much in the way of playing time, though Stauskas still carries the weight of a 3-point threat in the making. * * * Grizzlies trade Memphis stalwart Gasol to Toronto Raptors receive: C Marc Gasol Grizzlies receive: C Jonas Valanciunas G Delon Wright F/G CJ Miles 2024 second-round pick Official Release: Raptors Instant Analysis: With their fellow Eastern Conference contenders making moves, Toronto didn't sit still, adding a talented veteran center to their formidable mix. The transition should be eased since Gasol played with Kyle Lowry (2008-09, in Memphis), albeit before the point guard elevated above his current All-Star plateau. The Grizzlies gain a solid pivot in Valanciunas, a prospective wing piece in Wright and the satisfaction of sending Gasol on to a winning situation. * * * Bradley headed to Memphis Grizzlies receive: G Avery Bradley Clippers receive: G/F Garrett Temple F JaMychal Green Official Release: Clippers | Grizzlies Instant Analysis: Once the Clippers unloaded Tobias Harris to Philly, the focus became clearing further cap space, with flyers on Temple and Green, both expiring contracts. Bradley, a hard-nosed defender in the Memphis mold, should fit in nicely wherever deployed by the Grizzlies. * * * Zubac locker room reshuffled in LA Lakers receive: C Mike Muscala Clippers receive: F Michael Beasley C Ivica Zubac Official Release: Clippers | Lakers Instant Analysis: The deal clears a cap hold off the Lakers' offseason books, as Zubac was set to enter restricted free agency. With no major moves prior to the deadline, the Lakers have apparently lasered in on the summer options. * * * Fultz finally redirected, to Orlando Magic receive: G Markelle Fultz Sixers receive: F Jonathon Simmons Protected 2019 first-round pick 2019 second-round pick Official Release: Magic | Sixers Instant Analysis: After an injury-marred season-plus with the Sixers, 2017 No. 1 overall pick Fultz will attempt to find his footing in Orlando, where he's headed in exchange for Simmons and a pair of 2019 draft picks. Simmons helps flesh out the rotation depth in Philly, while the picks begin the asset rebuild after this week's trade for Tobias Harris. * * * Blazers acquire Labissiere Trail Blazers receive: F Skal Labissiere Kings receive: F Caleb Swanigan Official release: Kings | Blazers Instant Analysis: Two West coast teams swap young forwards in the hopes that a change of scenery will more fully unearth their respective talent. * * * Guard swap in the South Hawks receive: G Shelvin Mack Grizzlies receive: G Tyler Dorsey Official Release: Hawks | Grizzlies Instant Analysis: It's a return trip to Atlanta for Mack, who played 172 games for the Hawks from 2012-16. He will help soak up minutes behind and mentor rookie guard Trae Young. The Grizzlies get younger with Dorsey, who is reunited with former Oregon teammate Dillon Brooks. * * * Greg Monroe to Nets, then waived Nets receive: C Greg Monroe 2021 second-round pick Raptors receive: Cash considerations Official Release: Nets Instant Analysis: The Nets gain a second-round pick in order to help the Raptors save dollars against the cap and luxury tax. Monroe, however, was waived after being acquired. * * * Hawks acquire Jabari Bird Hawks receive: G Jabari Bird Cash considerations Celtics receive: Conditional 2020 second-round pick Official Release: Hawks Instant Analysis: Bird hasn't played in a game this season, and was expected to be waived by Atlanta. * * * Shumpert to Rockets in three-team trade Rockets receive: G Iman Shumpert G Nik Stauskas G Wade Baldwin IV 2021 second-round pick Kings receive: G Alec Burks 2020 second-round pick Cavaliers receive: G Brandon Knight F Marquese Chriss 2019 first-round pick 2022 second-round pick Official release: Cavaliers Instant Analysis: The Rockets reshuffled their bench depth with this three-team trade. Shumpert help bolster the Rockets' guard rotation as they battle for a playoff spot in the Western Conference. Shortly after this deal was announced, the Rockets dealt Stauskas and Baldwin IV to the Indiana Pacers (see above). For the Kings, Shumpert was less necessary to their team after acquiring Harrison Barnes from the Mavericks in a separate deal on Wednesday (Thursday, PHL time)......»»

Category: sportsSource:  abscbnRelated NewsFeb 8th, 2019

Mitsubishi PH to hold XPANDER Head-to-Head Test Drive event

MITSUBISHI Motors Philippines Corp. (MMPC)is pleased to announce that it will hold a series of XPANDER Head-to-Head (H2H) test drive event within Metro Manila for the month of February. This event is a great opportunity for customers who are planning to purchase a brand new vehicle and in the look for a family car. The […] The post Mitsubishi PH to hold XPANDER Head-to-Head Test Drive event appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsFeb 5th, 2019

Market seen testing 8,150 levels | Inquirer Business

Local stocks are seen struggling to stay above the crucial 8,000 mark this week as investors reassess recent gains. The post Market seen testing 8,150 levels appeared first on Inquirer Business ......»»

Category: newsSource:  philippinetimesRelated NewsJan 28th, 2019

Some European firms put on hold projects in PH | Inquirer Business

A European firm has put its P25-billion manufacturing project on hold due to uncertainties over the current tax incentives in the Philippines, a top official of the European Chamber of Commerce of the.....»»

Category: newsSource:  philippinetimesRelated NewsJan 28th, 2019

Current account deficit has already peaked in 2nd half of 2018 — economists

Investment banks said the country’s current account deficit may have already peaked in the second half of last year......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2019

$412-M Hanjin default sends financials tumbling

Financial stocks took a hit Friday after five of the country’s largest banks were reportedly exposed to what could be the biggest corporate default in Philippine history......»»

Category: newsSource:  philstarRelated NewsJan 11th, 2019

US Stocks Are Not The Best Place To Put Your Money, Enter Emerging Market Stocks

Throughout the year, emerging market stocks have not been exactly successful -- however, it is very likely that things will change in 2019, said Morgan Stanley in its Global Strategy Outlook report for 2019. And owed to this expected change, the investment banks finds it more beneficial to own emerging market stocks other than stocks in the U.S. in the coming year. Morgan Stanley went further to say that it moved emerging market stocks from "underweight" to "overweight" in 2019, and at the same time, they moved U.S. stocks down to "underweight." The bank said in a publication which was released on 25th Nov. that they feel like the bear market almost complete for emerging markets. T...Keep on reading: US Stocks Are Not The Best Place To Put Your Money, Enter Emerging Market Stocks.....»»

Category: newsSource:  inquirerRelated NewsJan 4th, 2019

‘StarTalk’ season on hold amid claims against host Tyson

LOS ANGELES (AP) --- The current season of Neil deGrasse Tyson's "StarTalk" series is on hold amid sexual misconduct claims against the prominent astrophysicist. The National Geographic channel said Thursday new episodes of the science-based talk show won't air until an investigation involving Tyson is completed, which could be within the next few weeks. Late last November, National Geographic Networks and Fox said they would examine claims that Tyson behaved in a sexually inappropriate manner toward two women. Tyson was host of "Cosmos: Possible Worlds" on Fox in 2014. A new edition of the series was set to air in March on the network and on National Geographic. He has d...Keep on reading: ‘StarTalk’ season on hold amid claims against host Tyson.....»»

Category: newsSource:  inquirerRelated NewsJan 4th, 2019