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Goods trade up 10.5% amid large deficit with top partner China; electronics still top export

INTERNATIONAL trade in goods in 2018 totaled $182.15, up 10.5%, the Philippine Statistics Authority (PSA) said, with China, the top trading partner, accounting for 16.9% of total trade while enjoying a large surplus vis-a-vis the Philippines with exports of $22.01 billion and imports of $8.82 billion......»»

Category: financeSource:  bworldonlineRelated NewsMay 6th, 2019

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: Growth in total exports could top 7% by 2018

THE Export Development Council (EDC) is forecasting that total exports, including services, may sustain their recovery and grow more than 7% starting 2018, officials said......»»

Category: financeSource:  bworldonlineRelated NewsDec 18th, 2016

Exporters see better year ahead

TOTAL EXPORTS, consisting of both goods and services, should recover next year, growing by up to five percent on the back of a positive momentum in merchandise exports, a senior official of the Export Development Council (EDC) said......»»

Category: newsSource:  bworldonlineRelated NewsDec 7th, 2016

PBA: Brownlee expects big things to come from Ray Parks

Justin Brownlee has won an incredible amount of championships with different teams in different leagues since 2016. In one particular memorable run in the ABL with San Miguel-Alab Pilipinas, Brownlee won the title playing alongside Bobby Ray Parks Jr. The two of them crossed paths on the court again Friday, this time as opponents in the PBA. Parks Jr. playing only his second game in the big leagues, led his Blackwater crew to a stunning overtime win against Brownlee and his champion Gin Kings. Ginebra’s super import was not surprised. “That's why – if I'm not mistaken – three-time [ABL] MVP. I've seen him do it for the past 3 years in Alab even before I got there, I was keeping up with him and he was doing great,” Brownlee said of his former teammate. “I definitely expect big things for him in this league too,” he added. Brownlee says Parks’ size and versatility makes him stand out. The no. 2 overall pick of the 2018 Draft certainly showcased his talents against Ginebra, scoring 28 points, including 10 in overtime, to get the job done. “He got a lot of weapons. Has a great size for his position, can put the ball on the floor, can attack, can shoot the three-pointer, can get to the line,” Brownlee said of Parks. “It's very tough trying to contain him, keeping him from the free throw line and not the paint. He hit some big shots. He had a really good game and they're looking really good this conference,” he added.   — Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsMay 25th, 2019

DTI notes export bright spot in gifts, decor, houseware

GIFTS, décor and houseware (GDH) exports in 2018 grew 23.9% amid an overall decline across many exports, the Department of Trade and Industry (DTI) said, adding that it hopes to focus on the sector to generate more growth......»»

Category: newsSource:  bworldonlineRelated NewsMay 22nd, 2019

DepEd expects 2.4 million enrolled learners for school year 2019-2020

CEBU CITY, Philippines — The Department of Education in Central Visayas (DepEd-7) is expecting  between 2.3 million to 2.4 million learners to be enrolled in kindergarten, elementary and high school in various public and privates schools in the region. Dr. Salustiano Jimenez, assistant regional director of DepEd-7, said the region has recorded a total 417,000 […] The post DepEd expects 2.4 million enrolled learners for school year 2019-2020 appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMay 21st, 2019

PPA says strong port activity helped it generate P9.41 billion

THE Philippine Ports Authority (PPA) said it remitted a total of P9.41 billion in dividends and taxes to the national government in 2018, a record remittance fueled by strong revenue growth during the year......»»

Category: newsSource:  bworldonlineRelated NewsMay 16th, 2019

Lopez sticks to the Bucks plan, and it s more fun for everyone

By Steve Aschburner, NBA.com MILWAUKEE — Come for the three-point melodrama, stay for the rim protection, the put-backs, the block-outs and the blocked shots. Come for the anguish and frustration that plays out across Brook Lopez’s face over the course of a typical NBA game, stay for the maniacal, jubilant, fourth-quarter clapping that gets turned into a GIF and goes viral within minutes. Brook Lopez clapping violently dot gif pic.twitter.com/a22arVkUSc — CJ Fogler (@cjzero) May 16, 2019 Come for the unbuttoned Fresno Grizzlies minor league baseball jersey, stay for the Disney fashion T-shirt showing beneath it and the Pizza Planet cap up top. “I’ve always tried to have fun when I go out and play basketball,” said Lopez. The Milwaukee Bucks’ center embodied his team’s performance as they clawed back Game 1 of the Eastern Conference finals, beating the Toronto Raptors, 108-100, Wednesday night (Thursday, PHL time) at Fiserv Forum. [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] “I obviously love playing the game,” said Lopez, dressed like a 7-foot 10-year-old for his podium appearance. “But no question I’ve been having a great time here.” Lopez, 31, scored 29 points, a personal playoff best, and grabbed 11 rebounds. It was his first 20-point night of the Bucks’ 10 playoff games so far, only the fourth of his career (he has appeared in just 23 postseason games in 11 seasons). And it came on the heels of a Game 5 effort against Boston a week ago in which Lopez was held scoreless. Milwaukee clinched anyway. This one was an ordeal for Lopez and for the Bucks, an opener in the best-of-seven series in which they slogged through three quarters without much touch or rhythm. The style of play they’ve embraced over 82 games and the past month of postseason was betraying them; Milwaukee kept hoisting and missing three-pointers, as single-mindedly in spite of horrid results as if they all wore beards and played for Houston. The resulting nastiness: A 6-for-34 (17.6 percent) showing from the arc, while digging an 83-76 hole that maxed out at 13 points. Lopez was a notable offender. He missed his first three from deep and only broke through midway through the second quarter. His shot from out front that got the Bucks within 42-37 was followed by a reaction of one part frustration, one part exasperation and a couple parts relief. That’s the wide open space of Lopez’s game, out there on the wing or in the corner launching for all the world to see. Home fans seem to live and die on each attempt, riding an emotional rollercoaster while – on nights such as this one – they wait for his results to regress to the mean. That finally happened in the fourth quarter. Lopez – who shot a total of 31 three-pointers in his first eight seasons, 300-plus in each of the next two and ultimately 512 in 2018-19 with the Bucks – hit two to get his team going in the quarter. His third in the period, one possession after Lopez finished a slo-mo fast-break for a 101-100 lead, sent Toronto into a timeout, down four with 1:55 left. That was when Lopez came with the clapping. And when play resumed, there was Lopez again, getting a hand on Kawhi Leonard’s attempt to attack the rim, stripping and corralling the ball for a block and rebound. As good as Kyle Lowry was over the final 12 minutes, as potent as the Raptors’ offense was at certain points earlier, they were done scoring for the night. Lopez did the small stuff all night, even finishing off the dribble a couple times. It’s just that, by virtue of how he and the Bucks have played this season, those things get overshadowed by the broad strokes that didn’t go his way until late. “This is the Brook we all know and we all love,” said Giannis Antetokounmpo. Said Khris Middleton: “He’s a beast. Inside the paint, made some big plays for us. On the defensive end, he covers up so much for our mistakes.” The Bucks’ adherence to what works has been tested for quarters, for halves, but so far only for one whole game in these playoffs – they dropped the opener against Boston. Milwaukee won the next four in a row to oust the Celtics. In the dressing room afterward, there was chatter that they’d snatched one away, that they couldn't have played worse – at least on offense. In that fourth quarter, outscoring Toronto 32-17, Milwaukee made up for a multitude of sins. The Bucks hit 50 percent of their shots, missed only 1-of-10 free throws and dominated the boards (14-4) to finish with a 60-45 edge. The Raptors were held to 5-of-22 shooting in the quarter. And Lopez, dragging a minus-5 plus/minus rating through three quarters, was sitting on a plus-7 by the horn. The key? Absolutely faith in the style they’ve honed since late September, and a commitment to letting it fly. Whether we’re talking about a conscienceless approach to three-pointers or Lopez’s irrepressible good nature. He has made as many as eight three-pointers in a game this season (at Denver, Nov. 12, PHL time) and attempted as many as 15 (vs. Brooklyn, Dec. 30, PHL time). There is no such thing as too many. “That’s what my teammates have been telling me,” Lopez said. “George Hill specifically and then [Giannis], too. They just stick in my mind: ‘Keep shooting the ball, you just need one to go down. Keep letting it fly.” 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 NewsMay 16th, 2019

Eastern Visayas posts $52.12 million trade deficit in December 2018

The region posted a $52.12 million deficit in the total Balance of Trade in Goods (BoT-G) in December 2018 from $106.61 million in December 2017, which implies an improvement of 51.11 percent......»»

Category: newsSource:  samarnewsRelated NewsMay 13th, 2019

DTI confident of meeting export target by 2022

The country remains on track to meet the total exports goal of $122 billion to $130 billion by 2022, with outbound merchandise shipments seen to recover and grow in the subsequent quarters as the government addresses core issues affecting exporters and promotes other products to diversify exports......»»

Category: financeSource:  philstarRelated NewsMay 10th, 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

UEFA puts future Champions League ideas to league officials

By Graham Dunbar, Associated Press NYON, Switzerland (AP) — UEFA has included promotion and relegation, plus places for more teams, in its future vision for the Champions League and other club competitions. European Leagues president Lars-Christer Olsson told reporters that UEFA leaders proposed the ideas in a meeting Wednesday. It was part of year-long talks about changing competition formats and prize money distribution models that would take effect in 2024. The leagues are competing for influence with the European Club Association, whose own plans are reflected in UEFA's opening proposal. "There are ideas about promotion and relegation. It's a different system to the one we have today," Olsson said at UEFA headquarters. "The total picture is that there would be more clubs involved." Olsson said there was "not a big difference" between UEFA's presentation Wednesday and the ECA's confidential proposal at UEFA in March that has since been reported. He declined to give more details before UEFA updates its 55 member federations on May 17 in Budapest, Hungary. UEFA President Aleksander Ceferin, who hosted the 2 ½-hour meeting, said talks currently involve "only ideas and opinions" and are more transparent than the previous round in 2016 before he was elected. Decisions then favored clubs from Europe's wealthiest leagues. "Our aim is to find a solution that reflects the changes in the game, preserves the position of UEFA's competitions as the most attractive and exciting in the world, while providing significant solidarity funding across European football," Ceferin said in a statement. UEFA expects to announce any changes next year after further rounds of meetings with clubs, leagues and other stakeholders including broadcasters worldwide. "This is the first meeting of several," said Olsson, suggesting the 29-nation European Leagues group could agree a counter proposal at an October assembly in London. The leagues want Champions League entries to be decided only on the merit of domestic league placings and winning a UEFA competition. That has been a basic principle since the European Cup kicked off in 1955 with only national league champions playing. Club leaders want placings in Champions League groups, possibly doubled in size to eight teams, to secure some entries for the next season's edition. Bigger groups also would satisfy elite clubs who want more games against each other and prize money increases funded by new broadcasting rights deals. The ECA's move toward a closed league system is seen as protecting the elite group from new challengers. It follows Juventus and Real Madrid — whose officials hold the top two positions in the ECA — being eliminated in the Champions League by Ajax. Though Ajax is a four-time European champion, it had to advance through three preliminary rounds last August as runner-up in the mid-ranked Netherlands league last season. Olsson welcomed Ajax's return to the top 24 years after last winning the Champions League. "Competitions (themselves) are more important than individual clubs. There will always be clubs to play (in them)," he said. It is unclear if possible extra places in UEFA competitions from 2024 would be added in larger group stages or only in expanded preliminary rounds. Starting in September 2021, and for three seasons until 2024, there will be 32 teams in the group stages of each of the Champions League, Europa League and a new third-tier competition. The round-robin groups have four teams each playing six games. The leagues have pushed for a fairer distribution of more than $2 billion in annual Champions League prize money to help close a widening wealth gap between clubs. UEFA said it would share around €240 million ($268 million) in solidarity payments this season to clubs across Europe......»»

Category: sportsSource:  abscbnRelated NewsMay 9th, 2019

Private constructions down by 24.44 pct in 2018 Q4

THE total number of private constructions in Guimaras province decreased by 24.44 percent in the fourth quarter of 2018 due to the nearly two-fold drop in non-residential projects. The preliminary results of construction statistics from the approved building permits in the fourth quarter of 2018 revealed that the number of constructions reached at 34 lower […] The post Private constructions down by 24.44 pct in 2018 Q4 appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsMay 7th, 2019

Insurers post record P37 B profit in 2018

The local insurance industry’s total net income rose to a new record high of P37.43 billion in 2018 as all sectors saw an increase in the premiums they generated, according to the Insurance Commission......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2019

Foreign tourist arrivals up 7.6% to 2.2 million in Q1

The government is on track to meet its tourist arrival targets this year, with the number of visitors from January to March growing by 7.59 percent compared to the same period in 2018, according to figures released by the government yesterday......»»

Category: newsSource:  philstarRelated NewsMay 5th, 2019

Sabang Renewable showcases off-grid electrification projects

The Department of Energy (DOE) expects the hybrid mini-grid project of Sabang Renewable Energy Corp. (SREC) to showcase off-grid electrification projects that supports the government’s thrust of total electrification once it is completed this month......»»

Category: financeSource:  philstarRelated NewsMay 5th, 2019

125 city college students get subsidy

A total of 125 students of Iloilo City Community College (ICCC) received their Tertiary Education Subsidy (TES) on April 30, 2019. The recipients received P20,000 each per semester or a total of P40,000 for school year 2018-2019. “This will be of big help to our students because aside from free tuition and miscellaneous fees, they […] The post 125 city college students get subsidy appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsMay 3rd, 2019

1800 of 8155 examinees pass 2018 Bar examinations - Manila Bulletin

1800 of 8155 examinees pass 2018 Bar examinations Manila Bulletin A total of 1800 out of 8155 examinees, or 22.07 percent, passed the 2018 Bar examinations, led by Ateneo de Manila University graduat.....»»

Category: newsSource:  manilanewsRelated NewsMay 3rd, 2019

Atenean tops Bar, top 10 dominated by University of San Carlos

A total of 1,800 law graduates out of the 8,155 takers passed the 2018 Bar Examinations, led by Ateneo de Manila University graduate Sean James B. Borja as topnotcher......»»

Category: financeSource:  bworldonlineRelated NewsMay 3rd, 2019