Advertisements


Better late than never? Gov t offers solutions for soaring inflation

During President Rodrigo Duterte’s “tete-a-tete” with his Chief Presidential Legal Counsel last Tuesday, he conceded that inflation is high but that his economic managers are “working on it”. .....»»

Category: newsSource: philstar philstarSep 14th, 2018

Salaries seen flat this year even as prices rise overall

FILIPINO WORKERS may find it difficult to cope with overall price increases this year, global advisory, broking and solutions firm Willis Towers Watson said in a press release on Monday, noting that it expects salaries to be flat from 2018 at a time that inflation has been forecast by the central bank to clock in at 3.2%......»»

Category: newsSource:  bworldonlineRelated NewsJan 14th, 2019

Inflation cools down in December

Soaring prices in the Philippines cooled down for a second consecutive month in December, the country’s statistics agency reported Friday, driven by lower food prices and transport costs during the month......»»

Category: newsSource:  philstarRelated NewsJan 4th, 2019

Consumer, gov t spending to lift PH economy in 2019 – PCCI

MANILA, Philippines – Despite soaring inflation, the Philippine Chamber of Commerce and Industry (PCCI)  casts an "optimistic" eye on 2019, projecting a growth rate of 6.7%. In a statement, the PCCI said the growth would be due to "robust" consumer and government spending. "We agree with the Asian Development Bank (ADB) and the World Bank that ........»»

Category: newsSource:  rapplerRelated NewsDec 23rd, 2018
Category: financeSource:  bworldonlineRelated NewsDec 22nd, 2018

Consumer, gov’t spending to lift PH economy in 2019 – PCCI

MANILA, Philippines – Despite soaring inflation, the Philippine Chamber of Commerce and Industry (PCCI) casts an “optimistic” eye in 2019, projecting a growth rate of 6.7%. In a statement, the PCCI said that the growth would be due to “robust” consumer and government spending. “We agree with the Asian Development Bank and the World ........»»

Category: newsSource:  rapplerRelated NewsDec 22nd, 2018

Harden s 50-point triple-double leads Rockets over Lakers

By Kristie Rieken, Associated Press HOUSTON (AP) — James Harden had 50 points, 10 rebounds and 11 assists, scoring 11 points during a big fourth-quarter run to lead the Houston Rockets to a 126-111 victory over the Los Angeles Lakers on Thursday night (Friday, PHL time). Harden grabbed his 10th rebound with less than 90 seconds left to give him his second triple-double this season and the 37th of his career. LeBron James finished with 29 points for the Lakers, who had won their previous two games. Houston's lead was three after Kyle Kuzma's soaring dunk, but Harden was fouled on a three-pointer and made all three free throws to make it 112-106. Harden then made three-pointers on consecutive possessions to push the lead to 12 and cause Lakers coach Luke Walton to call a timeout. James was in Harden's face on the second one and Harden fell to the court as the ball rolled around the rim for a couple of seconds before dropping in. James added a dunk before Clint Capela and Harden made consecutive baskets to compete the 13-2 run and make it 122-108 to put the game out of reach. It was the first meeting between these teams since Chris Paul and Rajon Rondo got into a fight on Oct. 20 (Oct. 21, PHL time) that led to suspensions for both players and Brandon Ingram. There wasn't an altercation this time around in a game where Rondo sat out as he recovers from surgery to repair a broken right hand. But there was a spate of technical fouls late in the third quarter that led to the ejection of Nene. The Lakers scored six straight points, highlighted by a dunk from James, to get within 74-72 midway through the third quarter. Los Angeles ran off six in a row later in the period to tie it up before Harden ended the run with a jump shot. Nene then received a foul after being knocked to the ground trying to defend Kuzma as he drove to the lane. He yelled at officials and received a technical foul. Kuzma made his free throws but Kentavious Caldwell-Pope missed the technical shot. Nene made a hook shot before fouling Kuzma again on the next possession. He continued to scream at officials and was hit with a second technical foul and was ejected. Harden attempted to calm him down, but Nene continued to be agitated until he was escorted to the locker room. Kuzma made all three foul shots and added a three-pointer with Harden in his face after a triple by Harden to leave the Lakers up 88-87 with 9.9 seconds left in the quarter. Kuzma was called for a foul after that and Walton got a technical for arguing about that call. Harden made the technical shot and Paul added two more free throws to leave Houston up 90-88 after three. TIP-INS Lakers: Kuzma received a technical foul in the first quarter for arguing about a foul call. ... Brandon Ingram missed his fourth straight game with a sprained left ankle. ... Kuzma had 24 points to give him 20 or more points in a career-best six straight games. Rockets: Brandon Knight played in his first game since Feb. 15, 2017, after recovering from surgery to repair a torn left anterior cruciate ligament. He came in with about four minutes left in the first quarter and played about four minutes with one assist and one rebound. ... James Ennis sat out with a strained right hamstring. UP NEXT Lakers: Visit Charlotte on Saturday night (Sunday, PHL time). Rockets: Visit Memphis on Saturday night  (Sunday, PHL time)......»»

Category: sportsSource:  abscbnRelated NewsDec 14th, 2018

Bangko Sentral keeps rates on hold as inflation drops

As widely expected, the Bangko Sentral ng Pilipinas kept its key rate unchanged after soaring prices eased for the first time in nearly a year in November......»»

Category: financeSource:  philstarRelated NewsDec 13th, 2018

‘Rice tariffication won’t solve Philippines’ inflation problem’

By Ian Nicolas Cigaral/philstar.com – Lifting the more than two-decade-old caps on rice imports would not solve the Philippines’ inflation problem, Deutsche Bank said, adding that the country’s “overheating” economy must lose steam to “stably” tame stubbornly high prices. Households reeling from soaring prices since the beginning of the year Read more ».....»»

Category: newsSource:  thepinoyRelated NewsDec 9th, 2018

Palace sees improved business, consumer confidence in coming months despite Q4 drop

  MANILA, Philippines - Malacaang assured the public on Friday that the government was addressing the issues on inflation, weakening peso and higher interest rates among others, which contributed to the decline in business confidence in the country.   The Bangko Sentral ng Pilipinas has reported on Thursday that business and consumer confidence in the country continued to weaken in the fourth quarter of 2018.   The BSP said among the factors that contributed to the less optimistic outlook were soaring inflation, weakening peso, higher interest rates, lower volume of sales and orders and lack of raw materials supply.   "The public should understand...Keep on reading: Palace sees improved business, consumer confidence in coming months despite Q4 drop.....»»

Category: newsSource:  inquirerRelated NewsDec 7th, 2018

Converge ICT Solutions offers internet speed upgrade for free

Converge ICT Solutions offers internet speed upgrade for free.....»»

Category: financeSource:  thestandardRelated NewsDec 6th, 2018

Inflation cools down for the first time in 2018 in November

Philippine consumers reeling from soaring prices got their much-awaited reprieve in November, which saw a softer inflation print on the back of slower price increments for food, housing and utilities, the country’s statistics agency reported......»»

Category: financeSource:  philstarRelated NewsDec 5th, 2018

Coach Bo says UAAP Finals Game 1 proved UP can hang with Ateneo

The University of the Philippines’ Cinderella run may very well miss out on the ending it desires. Down 0-1 in the best-of-three Finals to defending champion Ateneo de Manila University, there’s a big chance the Fighting Maroons will have to settle for a runner-up finish in their best season since 1986. However, State U head coach Bo Perasol is still keeping the faith. “Very positive ako. That’s the truth.” Pressed further on the matter, Coach Bo said that despite the Game 1 loss, he and his wards proved they are no pushovers up against the heavily favored Blue Eagles. “Game 1, it gave us yung idea na beatable (yung Ateneo). Before, wala namang nagbigay nang tsansa sa amin e,” he told reporters post-game last Saturday. He then continued, “Dati, parang, ‘Okay, very good, UP,’ pero wala namang nagsasabing tatalunin namin ang Ateneo. Kung meron man, lip service lang yun, pero ito, naramdaman nila na kaya pala.” Indeed, UP kept coming at Ateneo for majority of the match-up, and it took a 14-2 run late in the game for the latter to be able to put away the former. This, even though the Fighting Maroons came into the contest as the biggest underdogs in the Finals in recent history. In fact, majority, if not all, oddsmakers put the Blue Eagles as 10.5-point favorites in Game 1. That is exactly why, somehow, someway, coach Bo believes UP still has a shot at toppling Ateneo. “Before this series, iniisip mo paano tayo mabubugbog dito. Ngayon, ang paniniwala na namin is we can compete with the defending champions if we put our minds into it and we keep doing what we have been doing this season,” he said. After all, they are where they are because they did just that – first, besting De La Salle University in the battle for the third-seed to end the elimination round; second, edging out Adamson University to discard its twice-to-beat advantage in the Final Four; and third, topping the Soaring Falcons again to take a seat in the Finals. “I keep on reminding them that getting into this Finals series is not an accident. They did it themselves,” their mentor said proudly. “Baka isipin nila, mirakulo ito, pero hindi, they did it themselves. It becomes more dangerous na we’re in a knockout game and we need to beat them twice, but I told them, we’ve done this already.” --- Follow this writer on Twitter, @riegogogo......»»

Category: sportsSource:  abscbnRelated NewsDec 3rd, 2018

Hollywood on the hunt for hit Japanese games

TOKYO -- This year has seen a series of Hollywood announcements about future productions based on popular Japanese video games. Amid a box-office slump in U.S. theaters, Hollywood is turning its attention to gamers, with video-game developers being flooded with offers. In late October, actress Milla Jovovich included the words "Captain Natalie Artemis. Ranger. Monster Hunter," in an Instagram message she posted while she was on location for a role in the upcoming movie based on "Monster Hunter," a popular game by Capcom Co. In addition to "Monster Hunter," productions based on other well-known Japanese games and characters have been announced, including projects featuring Super Mar...Keep on reading: Hollywood on the hunt for hit Japanese games.....»»

Category: newsSource:  inquirerRelated NewsDec 3rd, 2018

Pag-IBIG keen on keeping loan rates low, dividend payouts high

Despite high inflation and a weak peso, the Home Development Mutual Fund (HDMF) or the Pag-IBIG Fund is confident it can still maintain the low interest rates it offers for home and cash loans......»»

Category: financeSource:  philstarRelated NewsDec 2nd, 2018

PH to gain much from oil price slide | Inquirer Business

The Philippines stands to benefit from declining global oil prices of late, which are seen pulling down inflation in the near term. The post PH to gain much from oil price slide appeared first on Inqu.....»»

Category: newsSource:  philippinetimesRelated NewsNov 29th, 2018

Nuggets roll to biggest win over Lakers with 117-85 romp

By Dennis Georgatos, Associated Press DENVER (AP) — Paul Millsap, Jamal Murray and Malik Beasley scored 20 points apiece, and the Denver Nuggets rolled to their biggest victory ever over the Los Angeles Lakers, a 117-85 rout on Tuesday night (Wednesday, PHL time). The 32-point margin surpassed a 29-point win in 1993. Nikola Jokic added 14 points and Juancho Hernangomez had 12 for the Nuggets, who won their fourth in a row. Kyle Kuzma scored 21 points for Los Angeles, while LeBron James and Brandon Ingram added 14 apiece. The Lakers, who handed the Nuggets their first loss of the season in late October in Los Angeles, struggled to find their shooting touch against Denver's defensive pressure. The Lakers were outshot 48.5 percent to 39.5 percent and finished just 5-of-35 (14.3 percent) from three-point range. And for the 10th time this season, the Nuggets held an opponent to under 100 points. Up by eight at the half, the Nuggets stretched their lead to 89-71 with a strong third quarter. Jokic started the Nuggets' third by hitting a pair of three's and Mason Plumlee's tip-in just before the quarter ended put Denver in front by 18 points going into the fourth quarter. The Nuggets kept the pressure on in the final period, outscoring the Lakers down the stretch 28-14. Denver led 58-50 at the half, getting a boost from Millsap, who converted a three-point play and then hustled down the floor for a soaring block of Ingram's attempted layup in the last 39 seconds of the second quarter. Millsap had 16 points in the first half. TIP-INS Lakers: G Rajon Rondo remains sidelined with a broken right hand — he's missed the last six games — but is making progress. He has been cleared to take part in non-contact basketball activities. Nuggets: G Gary Harris missed a second consecutive game with left ankle soreness. Torrey Craig again started in his place. ... Millsap also had 11 rebounds, giving him his fourth double-double of the season. ... Broncos cornerback Chris Harris Jr. and wide receiver Emmanuel Sanders watched the game from courtside seats. UP NEXT Lakers: Opens four-game homestand against Indiana on Thursday night (Friday, PHL time). Nuggets: Kick off a five-game road trip at Portland on Friday night (Saturday, PHL time)......»»

Category: sportsSource:  abscbnRelated NewsNov 28th, 2018

Banking, tech professionals see rising salaries in 2018

MANILA, Philippines – 2018 may have seen soaring inflation , but also soaring salaries – particularly for job movers in the banking and technology industries, according to the 2019 Salary Survey by recruitment firm Robert Walters. The annual Salary Survey is based on an analysis of job placements Robert Walters made ........»»

Category: newsSource:  rapplerRelated NewsNov 22nd, 2018

Wall, Beal, Green help Wizards rally past Clippers 125-118

By Rich Dubroff, Associated Press WASHINGTON (AP) — John Wall scored 30, Bradley Beal had 27 and Jeff Green added 20 as the Washington Wizards rallied from 24 points down to beat the Los Angeles Clippers 125-118 on Tuesday night (Wednesday, PHL time). Wall, Beal and Green each scored 10 in the fourth quarter as Washington outscored Los Angeles 39-23 to pull out the win. The Clippers led by 24 midway through the second quarter, but the Wizards cut the lead to 95-86 after three quarters and took a 115-113 lead on Wall's layup with 2:33 to play. Tobias Harris scored a season-high 29 points, Montrezl Harrell had 20, and Lou Williams and Shai Gilgeous-Alexander each added 17 for the Clippers, who had won five straight. Williams was ejected with 34.5 seconds to play. Washington, which improved to 6-11, won amid reports the team would listen to trade offers for Wall and Beal. There were also reports that players argued in practice and that Wall had been fined for disrespectful behavior toward coach Scott Brooks. TIP-INS Clippers: C Luc Mbah a Moute missed his 12th straight game with a sore left knee. ... Coach Doc Rivers said it wasn't a problem to face his son, Austin, who was traded from Los Angeles to Washington in the offseason. "We should have that one down tonight," Rivers said. "If we mess that one up, I'm going to go off on the whole team." The Clippers held Austin Rivers to two points. ... G Tyrone Wallace left the court after a violent collision with Beal late in the third quarter. Wallace held a towel over his left eye as he departed. Wizards: C Dwight Howard was out with a glute injury. Howard missed the season's first seven games with the injury. Thomas Bryant received his first NBA start and scored seven points in 19 minutes. ... F Kelly Oubre, Jr. started in place of Markieff Morris. It was the first time Morris came off the bench since Feb. 28, 2016. Oubre committed five fouls in 12 minutes. UP NEXT Clippers: Host Memphis on Friday (Saturday, PHL time). Wizards: Visit Toronto on Friday (Saturday, PHL time)......»»

Category: sportsSource:  abscbnRelated NewsNov 21st, 2018

Rejuvenated Dutch strike late, into Nations League s Final 4

By Steve Douglas, Associated Press The Netherlands' recovery from one of the lowest ebbs in its history continued with a last-gasp qualification for the Final Four of the inaugural UEFA Nations League on Monday. Virgil van Dijk volleyed home a 90th-minute equalizer to seal a dramatic Dutch comeback in a 2-2 draw in Germany, allowing Ronald Koeman's rejuvenated side to top its qualifying group on goal difference ahead of France, and join fellow group winners Portugal, England and Switzerland in a five-day finals competition in June. So instead of seeing Kylian Mbappe, France's new wonderkid and star of the team's World Cup triumph in Russia in July, vying for another piece of international silverware, soccer fans will get to see if the Netherlands truly has turned the corner. The slump of the Dutch has been profound since they finished third at the World Cup in Brazil in 2014. They failed to qualify for an enlarged European Championship in 2016 and also didn't make it to the World Cup this year. Three coaches — Guus Hiddink, Danny Blind, and Dick Advocaat — came and went. And with Dutch soccer at club level also in strife, debate swirled as to how one of the long-time heavyweights of the world game could recover. Under Koeman, though, the future of the Oranje looks bright. Youngsters like center midfielder Frenkie de Jong and center back Matthijs de Ligt are regarded as two of the most promising players in the world; Memphis Depay and Georginio Wijnaldum have returned to their best form over the last 18 months; and, in Van Dijk, the Netherlands has one of the best defenders around. A rock for Liverpool this season and last, Van Dijk — soccer's most expensive defender following his $99 million move from Southampton in January — sidefooted in a cross from the left to follow up an 84th-minute goal from Quincy Promes that gave the Dutch a glimmer of hope in Gelsenkirchen. The Germans had gone 2-0 up after 19 minutes thanks to Timo Werner's dipping shot from 25 meters and Leroy Sane's deflected effort from just inside the area. They couldn't hold on, though, and finished group play with no wins, just two points, and in something of a crisis. They didn't get out of their group in Russia in a dismal defense of their World Cup title, while relegation to League B of the Nations League — featuring Europe's second-tier teams — had already been confirmed after failing to win any of their first three group games. Germany coach Joachim Loew opted to stay in the job after the World Cup, but is now under mounting pressure. The Nations League, a new competition devised by UEFA to replace unpopular international friendlies with competitive matches between teams of a similar level, appears to have won over the skeptics, and the lineup for the Final Four is intriguing if hardly a marketer's dream. Portugal, which will be playing on home soil, has a superstar in Cristiano Ronaldo who should be back in the team after an extended absence from international soccer since the World Cup. England has Harry Kane, the top scorer at the World Cup, and a talented, dynamic group of young players under forward-thinking coach Gareth Southgate. Switzerland, which hasn't reached a quarterfinal of an international tournament since 1954, will be the outsider. The Netherlands, at No. 15, will be the lowest-ranked team in the competition but should not be discounted. This victory came three days after the team produced one of its best performances in years to beat France 2-0, while it beat Portugal 3-0 in March and Germany by the same score at home in the Nations League. The draw for the Final Four, which comprises of two semifinals and then a third-place playoff and final, will take place in Dublin on Dec. 3. Some other loose ends were tied up in the Nations League, which offers teams a second chance to qualify for the European Championship in 2020. The 16 group winners in Leagues A, B, C and D — or the next best-placed teams who have not already qualified via the European qualifiers starting in March — will progress to the Nations League playoffs and compete for the last four qualifying places for Euro 2020. NORWAY, MACEDONIA PROMOTED Norway was promoted to the second-tier League B after finishing top of Group C3 with a 2-0 win at Cyprus. The Norwegians started the final round of group play tied for points with Bulgaria, which could only draw at home to Slovenia 1-1. Macedonia went up to League C after beating Gibraltar 4-0 to top Group D4. Armenia, the only team that could have finished above Macedonia, ended up second after drawing at Liechtenstein 2-2. SLOVAKIA RELEGATED Slovakia was relegated to League C after losing at neighbor Czech Republic 1-0, with Patrik Schick scoring the winner in the first half with a deft lob over the goalkeeper on a counterattack. Denmark was already guaranteed promotion to the top tier and Ireland was sure of being relegated before they drew 0-0 in Aarhus......»»

Category: sportsSource:  abscbnRelated NewsNov 20th, 2018

Senate approves bill lifting rice import limits

MANILA, Philippines – Voting 14-0, the Senate approved on Wednesday, November 14, the bill seeking to lift restrictions on rice importation to help address the country's soaring inflation . Senate Bill No. 1998 or the rice tariffication bill seeks to amend Republic Act (RA) No. 8178 or the Agricultural Tariffication Act ........»»

Category: newsSource:  rapplerRelated NewsNov 15th, 2018