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Front Page: Net FDI inflows on track to target

NET foreign direct investments (FDIs) recovered to a three-month high in July just as President Rodrigo R. Duterte formally occupied Malacanang, according to data the central bank released yesterday, riding on confidence in the newly seated administration.....»»

Category: financeSource:  bworldonlineRelated NewsOct 10th, 2016

Chinese football: action planned on 'irrational' salaries

BEIJING (AP) — China's football association said Monday it plans a series of measures in response to 'irrational' spending by clubs on transfer fees and player salaries, amid concerns that foreign stars are crowding out local talent and harming the country's goal of becoming a global force in world football. The Chinese Football Association said in a statement Monday that the unidentified steps would target the 'operations and management' of teams in the top-tier China Super League and the China Premier League one step below it. The new measures will address 'recent irrational investments by clubs, high-figure transfer fees and salaries paid to domestic and international athletes and other issues,' the CFA said in a news release. Gaudy spending by Chinese clubs on players such as Argentina's Carlos Tevez has drawn global attention, raising fears among some that foreign stars are depriving local players of opportunities to grow. That could stifle the government's attempts to produce talent capable of achieving its stated goal of winning the World Cup by 2050, part of Chinese President Xi Jinping's push to make football success a national priority. Even in that endeavor, China is relying heavily on foreign talent, having hired veteran Italian coach Marcello Lippi to helm the men's national team. Other rules announced by the CFA appeared firmly aimed at addressing the lack of opportunities for Chinese players. They reduce the number of foreign club players who can appear at any given time from four to three and state that each team's starting list must include at least two Chinese players under age 23. Despite misgivings, Chinese clubs have continued to spend heavily over the past year to attract mainly South American stars. Apart from Tevez, whom Shanghai Shenhua said it paid an $11 million transfer fee to Argentine club Boca Juniors to acquire, they include Oscar, purchased from Chelsea, Brazilians Hulk, Ramires, Alex Teixeira and Paulinho, Colombian striker Jackson Martinez and Argentine forward Ezequiel Lavezzi. Altogether, Chinese Super League clubs splashed out close to $300 million in the winter transfer window on big names. .....»»

Category: sportsSource:  abscbnRelated NewsJan 16th, 2017

Foreign investments surge to $5.9b

Net inflows of foreign direct investments jumped 25 percent in the first nine months to $5.9 billion from $4.7 billion a year ago, on sustained investors’ confidence in the economy......»»

Category: financeSource:  thestandardRelated NewsDec 12th, 2016

Taiwan’s TSMC lifts 2016 revenue forecast after third-quarter surge; analysts see iPhone 7 boost

Profit-taking, along with uncertainties in the global economy and some domestic factors resulted in a big drop in foreign portfolio investments to the Philippines in September......»»

Category: newsSource:  mb.com.phRelated NewsOct 13th, 2016

Foreign reserve buffer hits new record high

THE COUNTRY’s international reserves reached a new record high last month as the central bank booked bigger gains from currency trading and from its investments abroad, the Bangko Sentral ng Pilipinas (BSP) said on Friday......»»

Category: newsSource:  bworldonlineRelated NewsOct 7th, 2016

1st half FDI nearly doubles despite June's drop

NET foreign direct investments (FDI) to the Philippines were nearly halved in June as investors waited on the sidelines for a change in the country’s leadership, according to latest data the Bangko Sentral ng Pilipinas (BSP) released yesterday that.....»»

Category: newsSource:  bworldonlineRelated NewsSep 13th, 2016

Front Page: 1st half FDI nearly doubles despite June's drop

NET foreign direct investments (FDI) to the Philippines were nearly halved in June as investors waited on the sidelines for a change in the country's leadership, according to latest data the Bangko Sentral ng Pilipinas (BSP) released yesterday that still .....»»

Category: financeSource:  bworldonlineRelated NewsSep 13th, 2016

Currency reserves at record high in August

THE COUNTRY'S foreign currency and gold holdings hit a fresh record high in August, marking a third month of gains as the central bank booked a higher income from its offshore investments, the Bangko Sentral ng Pilipinas (BSP) said yesterday......»»

Category: newsSource:  bworldonlineRelated NewsSep 7th, 2016

Hot money flows at 17-month peak

FOREIGN portfolio investments surged in July to a 17-month high, pulling the seven-month tally to a level more than triple last year’s inflows, data from the Bangko Sentral ng Piipinas (BSP) showed......»»

Category: newsSource:  bworldonlineRelated NewsAug 12th, 2016

Duterte's 1st foreign borrowing signals investor confidence in PH – Dominguez

Duterte's 1st foreign borrowing signals investor confidence in PH – Dominguez.....»»

Category: newsSource:  rapplerRelated NewsJan 21st, 2017

Phl to continue to attract FDIs, enjoy strong growth – HSBC

MANILA, Philippines - The Philippines will continue to attract foreign direct investments and enjoy strong growth despite the anti-drug war of President Dute.....»»

Category: financeSource:  philstarRelated NewsJan 18th, 2017

Impressive Phoenix outing puts NLEX on the ropes

The Philippine Cup woes continue for NLEX. Phoenix caught fire in the second half and simply burned the Road Warriors, 102-91, Wednesday at the Cuneta Astrodome. Looking to get out of a four-team logjam for the 6th-9th spots in the standings, the Fuel Masters used a big third-quarter effort to blow the game wide open against a struggling NLEX team that has now lost seven out of its last eight games. With the win, Phoenix created a new three-team tie with Blackwater and TNT for the 4th-6th spots, sporting identical 5-4 marks. But the tie is not a cause for celebration though. 'There's nothing to celebrate pa dahil yung mga ka-tie namin tinalo kami,' head coach Ariel Vanguardia said talking about the Elite and the KaTropa. 'Right now, we are victrually tied with them but we are still in seventh or eight place,' he added. After a rough first half, the Fuel Masters exploded in the third quarter behind the efforts of JC Intal and Simon Enciso and went on to outscore the Road Warriors by 13, 28-15. Enciso finished with a team-high 21 points, built around five treys, five rebounds, and four assists for Phoenix while Intal added 12. Cyrus Baguio came off the bench to drop 13. Rookie Matthew Wright almost had his first career triple-double after posting 12 points, 12 rebounds, and nine assists, and Willie Wilson returned from sickness to chip in another 12 markers. As for NLEX, who now has lost all seven of its games by double digits, only Sean Anthony served as the bright spot as the forward tallied 23 points and eight boards.   The scores: PHOENIX 102 - Enciso 21, Intal 16, Baguio 13, W. Wilson 12, Wright 12, Borboran 7, Lanete 7, Miranda 5, Torres 5, J.Wilson 2, Caperal 2. NLEX 91 - Anthony 23, J. Villanueva 11, Soyud 10, Guinto 9, Alas 8, Rios 6, Lanete 6, Taulava 4, Khobuntin 3, Lastimosa 3, Monfort 3, Camson 2, E. Villanueva 2, Gotladera 1, Baracael 0. Quarters: 20-22, 53-48, 81-63, 102-91 br /> --- Follow this writer on Twitter, @paullintag8 .....»»

Category: sportsSource:  abscbnRelated NewsJan 18th, 2017

Finance: More foreign banks searching for Philippine partners, says BSP exec

MORE FOREIGN banks have expressed their interest to invest in local banks, a signal of continuous offshore confidence in the local financial system, a central bank official said......»»

Category: financeSource:  bworldonlineRelated NewsJan 17th, 2017

Murray wins in straight sets in 1st major match as No. 1

JOHN PYE, AP Sports Writer br /> MELBOURNE, Australia (AP) — In his first Grand Slam match with the elevated status of having a knighthood and the No. 1 ranking, Andy Murray berated himself when he made mistakes and frequently yelled during his 7-5, 7-6 (5), 6-2 win over Illya Marchenko. In other words, nothing much has changed in his approach. The five-time finalist, back in Melbourne trying to end his drought, started on Rod Laver Arena on Monday and took the first step in his bid for a first Australian Open title. Murray has lost four of the last six finals here — including the last two — to six-time champion Novak Djokovic. But he did take something off his long-time friend at the end of last year when he replaced Djokovic in the top ranking during a stunning finish to the season. In Queen Elizabeth II's New Year's honors list, Murray received a knighthood from the British monarch for reaching the pinnacle of the sport. Murray said the ranking and the civic honors won't change anything, and he faces 'the same pressure, same expectations.' He admits there's one thing he desperately wants to change. 'I've never won here — I'm going to try to change that this year,' he said. Two players who could potentially stand in his way — No. 5 Kei Nishikori and No. 10 Tomas Berdych — had first-round wins earlier in the day. Another, Roger Federer, was set to play his first tour-level match in more than six months when he played Jurgen Melzer in a night match on Rod Laver. There are 18 American women in the draw, and two recorded wins in the first two matches on Rod Laver. Venus Williams went onto main court right after Shelby Rogers' upset win over fourth-seeded Simona Halep, a result which sent the former French Open finalist out in the first round again. Williams also lost in the first round last year, and didn't plan to replicate Halep's early exit again. The seven-time major winner beat Kateryna Kozlova 7-6 (5), 7-5, twice recovering breaks in the first set and despite her 48 unforced errors. 'It's never easy playing the first round — you're just trying to find the rhythm,' Williams said. 'She played amazing. It's very satisfying to get through a match against an opponent who is on fire.' Rogers caused the first upset of the tournament with her 6-3, 6-1 win over Halep. Rogers made a surprising run to the French Open quarterfinals before losing to eventual champion Garbine Muguruza last year, when she was ranked No. 108, but only advanced to the second round at one other tournament in 2016. But the run at Roland Garros gave her confidence. 'The biggest thing I took away from that was just that I can compete with the top players in the world and I'm good enough,' said Rogers, who was playing just her second main draw match at the Australian Open. 'So I have definitely carried that away from the French Open and just been enjoying it a little bit.' Halep, a two-time quarterfinalist in Australia, said she'd been hampered by left knee pain that was compounded by the pressure of the match. Seventh-seeded Muguruza saved a set point in the first set, needed a medical timeout and had to fend off three break-point chances at 1-4 in the second set before advancing with a 7-5, 6-4 win over Marina Erakovic. Olympic gold medalist Monica Puig raced through her opening match, beating Patricia Tig 6-0, 6-1, and No. 20 Zhang Shuai, No. 24 Anastasia Pavlyuchenkova and No. 27 Irina-Camelia Begu also advanced. Australian teenager Destanee Aiava's milestone match ended in a 6-3, 7-6 (4) loss to German qualifier Mona Barthel. The 16-year-old Melbourne high school student became the first player born in this millennium to play a main draw match at a major. In two all-U.S. matches, Samantha Crawford defeated Lauren Davis 4-6, 6-3, 6-0 and Alison Riske beat Madison Brengle 7-5, 6-3. Fellow American CoCo Vandeweghe recovered from a break down, and an illness, in the second set to beat No. 15-seeded Roberta Vinci 6-1, 7-6 (3). Two other seeded players lost early women's matches, with Varvara Lepchenko beating No. 19 Kiki Bertens 7-5, 7-6 (5) and former No. 1-ranked Jelena Jankovic beating No. 26 Laura Siegemund 6-1, 1-6, 6-4. On the men's side, Nishikori needed 3 hours, 34 minutes to beat Andrey Kuznetsov 7-5, 1-6, 6-4, 7-6 (6), 6-2, but Berdych only played a set — which he won 6-1 — before Luca Vanni retired from their match. No. 19 John Isner beat Konstantin Kravchuk 6-3, 6-4, 6-7 (5), 6-1 and advanced along with No. 27 Bernard Tomic, No. 29 Viktor Troicki and No. 31 Sam Querrey, who beat Quentin Halys 6-7 (10), 7-6 (4), 6-3, 6-4. .....»»

Category: sportsSource:  abscbnRelated NewsJan 16th, 2017

Rogers upsets 4th-seeded Halep in 1st round at Aussie Open

br /> JOHN PYE, AP Sports Writer   MELBOURNE, Australia (AP) — Shelby Rogers caused the first upset of the Australian Open on Monday, beating fourth-seeded Simona Halep 6-3, 6-1 in the opening match on the center court. Playing just her second match in the main draw at the season's first Grand Slam tournament, the No. 52-ranked Rogers broke the 2014 French Open finalist's serve four times on Rod Laver Arena. It was the second year in a row that Halep lost in the first round at Melbourne Park, and the fourth time overall. Rogers made a surprising run to the French Open quarterfinals before losing to eventual champion Garbine Muguruza last year, when she was ranked No. 108, but only advanced to the second round at one other tournament in 2016. Her only previous win against a top 10 player was in 2014, when she beat then No. 8-ranked Eugenie Bouchard in Montreal. 'There are no easy matches at this level ... so I'm happy to get through and definitely take confidence from what I did today,' Rogers said in her on-court interview. Seventh-seeded Muguruza saved a set point in the first set and needed a medical timeout before advancing with a 7-5, 6-4 win over Marina Erakovic. Olympic gold medalist Monica Puig raced through her opening match, beating Patricia Tig 6-0, 6-1. Duan Yingying was among the early winners with a 6-3, 6-4 win over Rebecca Sramkova. Australian teenager Destanee Aiava's milestone match ended in a 6-3, 7-6 (4) loss to German qualifier Mona Barthel. The 16-year-old Melbourne high school student became the first player born in this millennium to play a main draw match at a major. Jeremy Chardy was the first winner on the men's side, and only played four games. He was leading 4-0 when Nicolas Almagro retired from their match with an injured right calf muscle. .....»»

Category: sportsSource:  abscbnRelated NewsJan 15th, 2017

Raptors use dominant third to rout Knicks

em>By Daniel Girard, Associated Press /em> TORONTO (AP) — DeMar DeRozan had 23 points, Norman Powell added 21 and the Toronto Raptors used a dominant third quarter to beat the New York Knicks 116-101 on Sunday (Monday, PHL time). DeRozan also had five rebounds and five assists before coming out late in the third quarter. The Raptors improved to 27-13, taking the lead for good late in the first quarter. They led by 38 points in the third in winning their third straight game overall and fifth in a row against the Knicks. DeMarre Carroll added 20 points, and Jonas Valanciunas had 12 points and 16 rebounds. Carmelo Anthony led the Knicks with 18 points, Justin Holiday had 17, and Derrick Rose added 16. The Knicks are 2-10 in their last 12 to drop to 18-23. The Raptors were 12-for-20 from the field in the third quarter, while the Knicks were 4-for-21 overall and 0-for-4 from three-point range. The Knicks also had seven turnovers times in the quarter, leading to 10 Toronto points. The Raptors turned it over four times, but New York was unable score any points off them. DeRozan led the way with 11 points in the third, and Carroll had 10. Toronto took a 69-54 lead into the halftime break. The Raptors matched their season high in a quarter, scoring 42 in the second. They hit seven three’s in the period, led by Terrence Ross, who went 4-for-5 from beyond the arc. strong>TIP-INS /strong> em> strong>Knicks: /strong> /em>Kristaps Porzingis missed his second straight game with a sore left Achilles. Forward Lance Thomas took an elbow to the face from Valanciunas in the second minute of the game and did not return. At one point in the third quarter, the Knicks trailed by 38 points, their largest deficit of the season. em> strong>Raptors: /strong> /em>Patrick Patterson missed his second straight game and sixth of the past eight with a sore left knee. DeMar DeRozan missed his first five shots from the field but hit eight of his next 11. Toronto dominated the inside game, outscoring the Knicks 66-30 in points in the paint. strong>UP NEXT: /strong> em> strong>Knicks: /strong> /em> New York returns home to face the Atlanta Hawks on Monday (Tuesday, PHL time). It's the third of four meetings between the two teams this season, with each having won at home. em> strong>Raptors: /strong> /em>Toronto travels to Brooklyn to take on the Nets on Tuesday night (Wednesday, PHL time). The Raptors beat the Nets 132-113 in Toronto on Friday night (Saturday, PHL time). .....»»

Category: sportsSource:  abscbnRelated NewsJan 15th, 2017

Economy: More investment needed to reach affluent society goal -- NEDA

THE PHILIPPINES needs to attract more investment from both domestic and foreign sources to achieve the goal of becoming a high-income economy by 2040......»»

Category: financeSource:  bworldonlineRelated NewsJan 15th, 2017

Ryan leads Falcons to NFC title game, beating Seattle 36-20

PAUL NEWBERRY, AP Sports Writer br /> ATLANTA (AP) — Matt Ryan looked very much like an MVP and the Atlanta Falcons are headed to the NFC championship game. Ryan threw for 338 yards and three touchdowns, leading the Falcons to a 36-20 victory over the Seattle Seahawks in the divisional round Saturday. Atlanta will face either the Dallas Cowboys or the Green Bay Packers, who meet Sunday in the NFC's other divisional game. After the Seahawks zipped down the field for a touchdown on the opening possession, Atlanta's young defense largely shut down Russell Wilson & Co. the rest of the way. Ryan and the high-scoring Falcons took it from there — getting a huge boost from a holding penalty that wiped out an 80-yard punt return by Devin Hester. Ryan hooked up with Julio Jones on a 7-yard touchdown and Tevin Coleman for a 14-yard score before finishing off the Seahawks with a 3-yard toss to Mohamed Sanu in the corner of the end zone with just under 4 minutes remaining, sparking a raucous chant of 'MVP! MVP! MVP!' from a Georgia Dome crowd that stood most of the game, giving the Falcons the sort of home-field advantage that Seattle is used to having at the Link. Before a foot injury limited him in the second half, Jones made life miserable for Seattle cornerback Richard Sherman, who got away with an apparent pass interference penalty on Atlanta's star receiver when the teams met during the regular season, preserving a 26-24 victory for the Seahawks. Jones was targeted eight times, coming up with six receptions for 67 yards to set a tone that Atlanta would not be intimidate by the Legion of Boom. But, as usual, Ryan spread the ball around to everyone. Speedy Taylor Gabriel had a 37-yard reception. Running back Devonta Freeman slipped out of the backfield to haul in a 53-yard pass, putting a dazzling fake on replacement free safety Steven Terrell right in the middle of the field. In all, eight players caught passes for Atlanta. For only the fourth time in their 51-year history, the Falcons (12-5) will be playing for the conference title and a spot in the Super Bowl. They made their only Super Bowl appearance during the 1998 season, falling to Denver in John Elway's final game, and lost in the NFC title game during the 2004 and 2012 seasons. The Seahawks (11-6-1) couldn't follow up a dominating win over Detroit in the opening round, the game turning dramatically on a holding penalty in the second quarter that wiped out Hester's return to the Atlanta 7. Instead of having first-and-goal and a chance to extend a 10-7 lead, Seattle was backed up to its 7. After Thomas Rawls was thrown for a 3-yard loss, Wilson attempted to drop back for a pass. One problem: rookie right guard Rees Odhiambo, taking over after Germain Ifedi was injured, stepped back onto Wilson's foot, sending the quarterback tumbling down in the end zone. Ben Garland fell on Wilson for a safety that turned the momentum Atlanta's way. Matt Bryant's 35-yard field goal put the Falcons ahead to stay, and the home team closed out the first half with a 99-yard drive touchdown that was extended by Sanu's brilliant, one-handed catch for 22 yards with Jeremy Lane grabbing at his arm. After getting beat on Seattle's first possession, an Atlanta defense featuring four rookies and a bunch of second-year players limited the Seahawks to a pair of a field goals before giving up a meaningless 31-yard touchdown pass to Doug Baldwin in the closing minutes. .....»»

Category: sportsSource:  abscbnRelated NewsJan 14th, 2017

Worth a mention: Williams aiming for record 23rd major title

JOHN PYE, AP Sports Writer   MELBOURNE, Australia (AP) — Serena Williams definitely doesn't want to talk about the No. 23. She doesn't really want to think about planning a wedding, either, while she's pursuing a Grand Slam record. Newly engaged Williams brushed off concerns about the 88 unforced errors she had in a loss in New Zealand last week in her only warmup tournament ahead of the Australian Open, which starts Monday and where she's aiming for Open-era record 23rd major title. 'I've moved on,' she said. 'I'm feeling relaxed, calm, ready and poised.' Williams responded to questions about milestone achievements last year when she had 21 Grand Slam titles, and it didn't help — she lost the final here to Angelique Kerber and to Garbine Muguruza at the French Open before winning Wimbledon to equal Steffi Graf's Open era mark of 22. She's being more superstitious this time. 'I'm not talking about that,' Williams, a six-time Australian Open winner, said as she shut down questions during a promotional activity this week. 'I said I'm not talking about that. Move on.' Another Australian title is also high on the agenda for Novak Djokovic, who already has won six. But he isn't thinking much beyond his opening match after drawing Fernando Verdasco. A first is the priority for Andy Murray, recently knighted in Britain after finishing 2016 at No. 1. He is looking at the draw from the top for the first time at a major and is hoping it comes with a change in fortunes at Melbourne Park. He has lost five Australian Open finals — the first to Roger Federer in 2010, the other four to Djokovic. Federer could again stand in his way, only at the quarterfinal stage this time. The 17-time major winner slipped down the rankings during six months off last year recovering from an injured left knee and was seeded No. 17. Williams took time off after the U.S. Open, where she lost in the semifinals for the second year running and lost the top ranking to Kerber. The big news during her break was her engagement to Reddit co-founder Alexis Ohanian last month, when she posted a poem on the news website to confirm she'd accepted his proposal. After hitting this week with 16-year-old Destanee Aiava, who will be the first person born in the 2000s to play in the main draw of a major when she meets a qualifier in the first round, Williams said her mind was back entirely on business. 'I told (Ohanian) my main goal was to win this title,' she said. 'Yeah, it really doesn't feel like anything different.' No date has been set for the wedding, with Williams' mind on one major thing, so she's not thinking about a dress or a cake, and she's not wearing a ring to practice. 'Oh my God. I don't think about it really,' she said, responding to questions about her marriage plans. 'I'm just ... I don't know I'll have to ask him that. I have a job — I mean, he does too. I kinda gotta focus.' Kerber won the Australian and U.S. Open titles last year, so will be attempting to defend a major for the first time in Melbourne. She may be feeling pressure as the No. 1 seed, having won only one match in two warmup tournaments in Brisbane and Sydney. That doesn't take any pressure off Williams. 'I am No. 2, I guess. I definitely don't feel like anyone's saying that, 'Oh, there's no pressure on Serena,'' she said. 'It's always there, I'm used to it. 'I feel like I've been No. 1 for so long, so many times. I've done things that are amazing. Sometimes that ranking really means a lot, but also I feel like sometimes just winning events ... means just as much.' That's something Djokovic understands. His 122-week streak at No. 1 ended amid Murray's incredible finish to last season, when he won Wimbledon and defended the Olympic gold medal among eight titles he won after reuniting with Ivan Lendl as coach. Before then, Djokovic had beaten Murray in the Australian and French Open finals, his 11th and 12th major titles. Half of those have come in Melbourne, where his victory last year equaled the record six Australian titles Roy Emerson won (1961 and 1963-67). 'I'm feeling phenomenal,' Djokovic said after arriving in Australia following a win over Murray in his season-opening event at Doha. 'Maybe this is the year — 2017 for seven. I'm not a numerologist, but it sounds good.' Murray jumped on a flight almost immediately after last year's final to be with his wife, who was expecting their first child. There have been plenty of changes for him since, becoming a father for the first time, No. 1 in the world for the first time, and reuniting with Lendl. 'Each time I come, I think I've got a chance of winning but it's just never happened,' he said. 'Hopefully, this year will be different. 'I do think the last few months of last year can help me with giving me confidence — other players look at that and see you're playing well and (I) feel physically and mentally strong.' Fourth-seeded Stan Wawrinka, who ended the run of wins by Djokovic and Murray when he won the U.S. Open last September, said the next generation of players such as Wimbledon finalist Milos Raonic and 2014 U.S. Open runner-up Kei Nishikori would be among the contenders for the Australian title. But he thinks it will be difficult for any new champion to emerge against the likes of the in-form Murray and Djokovic, and the returning Federer and Rafael Nadal. 'So far, last 10 years, the 'Big Four' was really strong,' Wawrinka said, 'so it's going to be interesting to see this year how Novak, Andy, Rafa, and Roger will play.' .....»»

Category: sportsSource:  abscbnRelated NewsJan 13th, 2017

‘Hot money’ reverses to $354 M net inflow in 2016

MANILA, Philippines - The Philippines registered a net inflow of foreign portfolio investments or “hot money” in 2016 despite massive outflows in the fourth.....»»

Category: financeSource:  philstarRelated NewsJan 12th, 2017