Advertisements


Chile discloses $5.5 billion stimulus plan

Chile launched a massive $5.5 billion stimulus package after data showed its economy contracted 3.4 percent in October — the largest year-on-year drop in a decade — as widespread social unrest continues. The package unveiled by Finance Minister Ignacio Briones on Monday includes boosting 2020 public spending by $3.03 billion, to support small, medium and […] The post Chile discloses $5.5 billion stimulus plan appeared first on Daily Tribune......»»

Category: newsSource: tribune tribuneDec 3rd, 2019

P25-B Boracay action plan hailed

The Department of Tourism (DOT) is lauding the approval of the P25-billion Boracay Action Plan (BAP) as it would help sustain the island’s rehabilitation......»»

Category: newsSource:  philstarRelated NewsJul 4th, 2019

Malacañang approves P25-billion Boracay medium-term plan

PRESIDENT Rodrigo R. Duterte has approved the Boracay Medium-Term Action Plan, which covers measures for the resort island like enforcement of environmental rules and waste management......»»

Category: newsSource:  bworldonlineRelated NewsJul 2nd, 2019

Duterte OKs P25-B Boracay rehab action plan

President Rodrigo Duterte has approved the P25-billion Boracay Medium-Term Action Plan, which will install safeguards against ecological degradation while also sustaining tourism in the island......»»

Category: newsSource:  philstarRelated NewsJul 2nd, 2019

Palestinians reject U.S.-Bahrain peace plan as Israel advises surrender

MANAMA, Bahrain – The Palestinians on Monday, June 24, vowed to reject a US-led peace initiative to be presented in Bahrain that dangles the prospect of $50 billion as an Israeli envoy bluntly told them they should "surrender." Finance chiefs from the United States, oil-rich Arab states and international development ........»»

Category: newsSource:  rapplerRelated NewsJun 25th, 2019

China Bank to raise P5 billion from bonds

China Banking Corp. announced Thursday its plan to raise at least P5 billion through its maiden issuance of peso-denominated bonds......»»

Category: financeSource:  philstarRelated NewsJun 13th, 2019

SMC submits P10-billion redevelopment plan for Pandacan oil depot

Diversified conglomerate San Miguel Corp. (SMC) has submitted to the Department of Transportation (DOTr) a P10-billion proposal to redevelop the Pandacan oil depot into a bus and food terminal complex that will divert all provincial buses and delivery trucks away from EDSA to ease traffic in Metro Manila, according to its president and COO Ramon Ang......»»

Category: financeSource:  philstarRelated NewsJun 6th, 2019

Trudeau announces landmark investments in women s sexual health rights

VANCOUVER, Canada (UPDATED) – Canadian Prime Minister Justin Trudeau announced on Tuesday, June 4, his government's plan to increase by 1.4 billion Canadian dollars its invesment supporting maternal and newborn health around the world. Of the annual investment, about 700 million Canadian dollars will be allocated to sexual and reproductive health and ........»»

Category: newsSource:  rapplerRelated NewsJun 5th, 2019

GSIS to sell Port Area lots

STATE-RUN Government Service Insurance System (GSIS) has revived its plan to sell its property in Manila’s Port Area, which has a total zonal value of over P37 billion. “I would…READ The post GSIS to sell Port Area lots appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 4th, 2019

Agri dept discloses own plan to bolster growth

Days after the Philippines’ economic managers unveiled its expenditure catch-up plan to boost the country’s gross domestic product to above 6 percent this year, the Department of Agriculture (DA) has…READ The post Agri dept discloses own plan to bolster growth appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 31st, 2019

NLEX revives plan to extend expressway to Bataan

NLEX Corp., a unit of Metro Pacific Tollways Corp. (MPTC), plans to revive its plan to extend the North Luzon Expressway (NLEX) to Bataan which will require investments of at least P20 billion......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2019

Manila Zoo deal in limbo - The Manila Times Online

Manila Zoo deal in limbo - The Manila Times Online The Manila Times City council declines to act on P1.5-B devt plan. A P1.5-billion plan to develop and modernize the 60-year-old Manila Zoo remains i.....»»

Category: newsSource:  manilanewsRelated NewsMay 12th, 2019

Has Kyrie Irving played his last game for Celtics?

By Tim Reynolds, Associated Press It begins. When the buzzer sounded in Milwaukee on Wednesday night, the question immediately became this: Has Kyrie Irving played his last game for the Boston Celtics? It’s very possible. Welcome to free agency, Kyrie. [Watch the Playoffs on NBA League Pass for 30% less with this limited time offer! Select Annual package and use code SAVE30 at checkout to redeem] He’s now in the place that other big names like Kevin Durant, Jimmy Butler, Kawhi Leonard and Klay Thompson all will be whenever their respective seasons end, whether that happens with a playoff defeat, or with an injury — Durant left Game 5 of Golden State’s Western Conference semifinal series against Houston on Wednesday night (Thursday, PHL time) with a right calf strain — or with their fingerprints smudging the golden surface of the Larry O’Brien Trophy. They will all hear some version of the question that Irving got. Free agency doesn’t technically start until July 1, but in actuality it began for the superstar point guard with 8:40 left in the fourth quarter of Game 5 — when he checked out for the last time in what capped Boston’s ousting from the Eastern Conference semifinals by the Milwaukee Bucks. He has a player option for next season, one that would pay him about $21 million. No one expects him to pick up that option. Irving got the question a number of different ways Wednesday night (Thursday, PHL time), and his defense was stellar. No hints, whatsoever. “I’m just trying to make it back to Boston first, safely,” Irving said. “Get to see my family. Decompress. Do what human beings do.” This will be a seismic free-agent summer in the NBA and everyone has known this was coming for some time. Durant, Butler, Leonard, Thompson, Irving and Kemba Walker all may sign deals worth well over $100 million apiece. Combined, the total value of those six looming contracts could flirt with $1 billion if everyone involved decides to max-out and not take shorter-term deals. The New York Knicks might have close to $75 million in salary-cap space, more than enough to potentially land Irving and Durant. The Los Angeles Clippers could have close to $60 million. Brooklyn, Dallas, Atlanta and Indiana might have about $50 million apiece. The Los Angeles Lakers — even with LeBron James’ big contract and a coaching search that has gone from slow to stuck — have more than enough to add some major names. It will be wild, starting with lots of eyes on Golden State. Questions about Durant leaving have percolated all season and will only pick up between now and July 1. Thompson’s future has been the source of much debate. Imagine: The Warriors could win their third straight title and fourth in five years, and they might break up anyway. Butler will take a long look at signing elsewhere, and he might start hearing ‘the question’ as soon as Thursday (Friday, PHL time) when Philadelphia now on the ropes against Toronto. Leonard’s future with the Raptors may be tied to how deep they go in the playoffs. Walker’s situation in Charlotte hinges on the size of the offer the Hornets make to keep him. Irving tried to make all the chatter about his future go away in early October, when he stole the show at a preseason event for Celtics fans at the team’s arena in Boston. He grabbed the microphone, walked toward midcourt and delivered a sentence that is going to get replayed a lot over the next eight weeks. “If you guys will have me back, I plan on re-signing here,” Irving said. Sounded great then. Doesn’t seem so iron-clad now. And truth be told, the Celtics might be thinking they’re better off without Irving anyway given how they went deeper in the playoffs with him sidelined last season and his struggles over the last four games of the Milwaukee series. They were 35-19 at one point. They went 19-18 the rest of the way. They went 14-17 in Irving’s last 31 appearances. They were 12-3 when he didn’t play this season. Irving won’t be taking a whole lot of questions — if any — over the next few weeks about his future. He knows what would be asked. All that matters now is his answer. ___ Tim Reynolds is a national basketball writer for The Associated Press. Write to him at treynolds@ap.org.....»»

Category: sportsSource:  abscbnRelated NewsMay 9th, 2019

Chelsea seeks NEDA OK for Davao port rehab plan

Chelsea Logistics Holdings Corp. of Davao’s Dennis Uy expects to secure by early third quarter the National Economic and Development Authority (NEDA)’s nod for its P49-billion unsolicited proposal for the Davao International Airport......»»

Category: financeSource:  philstarRelated NewsMay 5th, 2019

ADB launches $5-B action plan for ‘blue economies’

With commercial fish stocks seen to disappear by 2048 and 90 percent of coral reefs by 2052, the Asian Development Bank (ADB) launched here yesterday a $5-billion initiative to finance an action plan for promoting ocean health and so-called blue economies......»»

Category: newsSource:  philstarRelated NewsMay 3rd, 2019

Filinvest sets P39-billion spending plan

FILINVEST Development Corp. (FDC) has programmed P38.9 billion for its spending plan this year as it accelerates its expansion in Clark, Pampanga......»»

Category: newsSource:  bworldonlineRelated NewsApr 28th, 2019

Duterte approves up to $2-billion global bonds

PRESIDENT Rodrigo R. Duterte has approved the government’s plan to raise up to $2 billion from the overseas debt market to fund this year’s record budget and pay off liabilities, the Treasury chief said on Tuesday......»»

Category: newsSource:  bworldonlineRelated NewsJan 10th, 2017

FIFA to expand World Cup to 48 teams in 2026

GRAHAM DUNBAR, AP Sports Writer br /> ZURICH (AP) — FIFA will expand the World Cup to 48 teams, adding 16 extra nations to the 2026 tournament which is likely to be held in North America. President Gianni Infantino's favored plan — for 16 three-team groups with the top two advancing to a round of 32 — was unanimously approved Tuesday by the FIFA Council. It meets Infantino's election pledge of a bigger World Cup, and should help fund promised raises for FIFA's 211 member federations. With 80 matches instead of 64, FIFA forecasts the equivalent of $1 billion extra income at current rates from broadcasting and sponsor deals, plus ticket sales, compared to $5.5 billion revenue forecast for the 2018 World Cup in Russia. FIFA projects an increased profit of $640 million despite some extra operating costs and prize money for teams. FIFA's six continents should find out by May how many extra places they will each get. UEFA wants 16 European teams at the tournament, which is strongly favored to be played in North America. The CONCACAF region has not hosted the World Cup since the 1994 tournament in the United States. American, Canadian and Mexican soccer leaders have had informal talks about a co-hosting bid. Africa and Asia could be winners in a bigger World Cup with up to nine places each. They had only five and four teams, respectively, at the 2014 World Cup in Brazil. Still, FIFA said it expects the standard of soccer to drop compared to the 32-team format locked in for the next two World Cups in Russia and Qatar. The 'absolute quality' of play, defined by high-ranked teams facing each other most often, is achieved by 32 teams, FIFA acknowledged in a research document sent to members last month. It made 10,000 tournament simulations to reach that conclusion. Instead, Infantino wants to create fervor and months of anticipation back home in the 16 extra nations which would qualify, some probably making their World Cup debut. FIFA has pointed to Costa Rica, Wales and Iceland as examples of teams which overachieved at recent tournaments. FIFA must break with soccer tradition to make its new format work after an original 48-team plan — with an opening playoff round sending 16 'one-and-done' teams home early — was unpopular. Instead, three-team groups will replace the usual groups of four to create simple progress to a knockout bracket. However, it leaves one team idle for final group games and could risk collusion between the other two teams. FIFA said it could guard against result-rigging by introducing penalty shootouts after group games that end in draws. Despite the 16 extra games, FIFA believes the current maximum of stadiums needed will stay at the 12 used by Brazil and Russia. However, the demand for more training bases and hotels means developed countries would be better equipped to win future hosting contests. North America is the strong favorite for 2026 because European and Asian countries are blocked by a FIFA rule excluding continents which hosted either of the two previous tournaments. Russia will host the World Cup next year and Qatar in 2022. South America has been focused on a centenary tournament including original 1930 host Uruguay, and African nations are seen as lacking existing capacity and unlikely to fund multi-billion dollar infrastructure spending. .....»»

Category: sportsSource:  abscbnRelated NewsJan 10th, 2017

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

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

Category: sportsSource:  abscbnRelated NewsJan 9th, 2017

Economy: Subic coastal highway may be built under emergency powers -- SBMA

THE SUBIC BAY Metropolitan Authority (SBMA) is a step closer to its plan to build a P100-billion multi-modal coastal highway linking the free port to the Port of Manila as part of continued efforts to decongest the metropolis......»»

Category: financeSource:  bworldonlineRelated NewsDec 28th, 2016

SBMA eyes 100-km Manila-Subic expressway, rail line

MANILA, Philippines – The Subic Bay Metropolitan Authority (SBMA) is drawing up a plan with the Department of Transportation for a P100-billion elevated expr.....»»

Category: newsSource:  philstarRelated NewsDec 18th, 2016