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Farm output growth slows to 0.67% in Q1 2019

MANILA, Philippines – Agricultural output further slowed to 0.67% in the 1st quarter of 2019, lower than the  1.80% growth rate recorded in the 4th quarter of 2018 , data from the Philippine Statistics Authority (PSA) showed.  The 1st quarter performance is also a drop compared to the 1.47% growth rate recorded in ........»»

Category: newsSource:  rapplerRelated NewsMay 8th, 2019

Raptors on brink of first Finals berth in franchise history

By Steve Aschburner, NBA.com TORONTO -- Twenty-one would be a very cool number for the Toronto Raptors. Before they get it, though, they’ll need to get one. And one would be beyond cool. Off the charts, historic, potentially transformative and largely indescribable. Twenty-one: That’s how many teams in NBA playoff history will have overcome an 0-2 start to win a best-of-seven series, if the Raptors manage to close out the Milwaukee Bucks in the Eastern Conference finals. Whether it happens in Game 6 Saturday night (Sunday, PHL time) at Scotiabank Arena or in Game 7 back in Milwaukee Monday (Tuesday, PHL time), Toronto would buck outlandish odds -- this is the 289th series to begin with the same team winning the first two games, so we’re talking a seven percent likelihood (20-of-288). [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] One: That’s all that stands between the Raptors and the first NBA Final appearance in Toronto franchise history. One more victory in the next three days would validate the risks and twists of this 2018-19 season for the Raptors, while exorcising nearly a quarter century’s worth of demons. One little win and Toronto finally will break through, capping a stellar six-year run of promising regular seasons and heartbreaking postseasons. They will have earned, in the face of so much uncertainty, their best shot yet at a championship, even if it means going through the mighty Golden State Warriors. When Raptors president Masai Ujiri traded for star forward Kawhi Leonard, he was gambling not just that Leonard could recover from the right quadriceps injury that scuttled his 2017-18. He was guessing that swapping in Leonard for former All-Star wing DeMar DeRozan could push Toronto to, well, right where they’re at. And he was hoping Leonard, a rent-a-player able to leave this summer in free agency, would enjoy the whole experience enough to let Ujiri pay him $220 million over the next five seasons. It’s impossible to know where things stand on that last front, owing to Leonard’s inscrutability and a decision that’s still six weeks away. But the Raptors never have gotten this far, so there is an opportunity here to be savored, with more potentially to come. “It would be a very, very long summer thinking about what could have been or what you could have done,” guard Fred VanVleet said, framing things a bit negatively after raining 7-of-9 three-pointers on Milwaukee in the 105-99 Game 5 victory. “So we've just got to go out there and have no regrets. … One win away from the Finals sounds pretty good to me.” Sounds a little easier, maybe, than it actually will be. The Raptors are at home for Game 6 and the crowd at Scotiabank crowd, already dialed high, will be able to let it rip without any fear -- immediate fear, anyway -- of failure. But Milwaukee will be desperate. Giannis Antetokounmpo has pledged that his team will not “fold.” And the Bucks have zero interest in a knock-knock year, believing all season that they were good enough to reach and win the championship. They wouldn’t be human if they weren’t shaken by the three consecutive defeats Toronto has dealt them. The Raptors have managed to surround and partially stifle Antetokounmpo, while still firing out enough to bother Milwaukee’s three-point shooters into repeated misfires. The Bucks’ defense has been probed and poked like a cut-rate steak. They resorted again to some uncharacteristic switching in Game 5 but had most of their success inside the arc. Late in the pivotal loss, they got beat for five offensive rebounds, when grabbing two or three might have swung the outcome. “It's win or lose,” coach Mike Budenholzer said Friday (Saturday, PHL time) in a conference call with reporters. “When you win, there are things that [still] are concerning and unsettling that you need to work on and improve. I think there's just enough possessions where there's a couple of rebounds that stand out. “Can we do a little bit better job in some of our activity in certain situations. Offensively, I think at times can our spacing be better and our ball movement be better? But I would say it's like a lot of games. We didn't get it done.” One area in which Budenholzer refuses to budge, dire circumstances be darned, is in his use vs. overuse of Antetokounmpo. The load the Greek Freak carries when he’s on the floor, the activity he generates, leads to fatigue and wear-and-tear that requires regular breathers. Extending his star’s minutes, Budenholzer believes, would lead to less “peak Giannis” rather than more, an inevitable tradeoff of quality over quantity. And the Bucks need every bit of Antetokounmpo’s best, or what’s left of it in their 97th game of the season. “Giannis, it's so impressive what he does and how important he is,” Budenholzer said. “I maintain that him getting appropriate rest, appropriate kind of just a chance to catch his breath, refuel… At the end of the day, you need to be able to produce and perform, including in the fourth quarter.” At the possible end of your season, though, you’ll have plenty of time to refuel if the opponent pounces while your star sits. Said Raptors coach Nick Nurse, in his own teleconference: “It's a ‘whatever it takes’ game. It's an unlimited-minutes night. This is just like any other critical must-win game.” 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 News7 hr. 24 min. ago

As economy slows, another rate cut looms — DBS

The Bangko Sentral ng Pilipinas (BSP) appears inclined to trim interest rates by 50 basis points this year as it unwinds its monetary tightening......»»

Category: financeSource:  philstarRelated NewsMay 18th, 2019

Further cuts in RRR expected

The decision of the Bangko Sentral ng Pilipinas (BSP) to cut banks’ reserve requirement ratio (RRR) may provide the much needed boost to the economy which showed signs of slowing down in the first quarter, according to private economists and bankers......»»

Category: financeSource:  philstarRelated NewsMay 17th, 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

A tale of spending during election years, 2000-2018

ELECTIONS are widely believed to have a growth-inducing effect on an economy. Read the full story......»»

Category: newsSource:  bworldonlineRelated NewsMay 14th, 2019

Low growth, high taxes as election issue

In election years, the Philippines’ GDP growth rate is always above 6.5% – except in 2001 (terrorist attack in the US, Gloria Arroyo anemic growth) and 2019. Philippines’ growth trajectory is on a downhill: 6.9% in 2016, 6.7% in 2017, 6.2% in 2018, and only 5.6% in the first quarter of 2019. Growth deceleration since Dutertenomics was invented is further confirmed......»»

Category: financeSource:  bworldonlineRelated NewsMay 12th, 2019

Duterte laments economy slows due to budget delay

resident Rodrigo Duterte ........»»

Category: newsSource:  manila_shimbunRelated NewsMay 11th, 2019
Category: newsSource:  manila_shimbunRelated NewsMay 10th, 2019

Budget delay drags down Q1 GDP growth to 5.6%

The domestic economy grew at a slower-than-expected pace in the first quarter of 2019 as the delay in the passage of the national budget stalled government spending during the period, the Philippine Statistics Authority (PSA) said yesterday......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2019

MB cuts rates, adjusts inflation forecasts

THE CENTRAL BANK’s Monetary Board (MB) on Thursday cut benchmark interest rates by 25 basis points (bps) in its third policy review for the year, hours after the Philippine Statistics Authority (PSA) reported that the economy grew at the slowest clip in four years last quarter and two days after the PSA said inflation eased to the slowest pace in 16 months in April......»»

Category: newsSource:  bworldonlineRelated NewsMay 9th, 2019

PH GDP slows down due to budget delay – NEDA

DAVAO CITY (MindaNews / 9 May) – The country’s gross domestic product slowed down to 5.6 % in the first quarter of 2019 from 6.5% growth recorded in the same period of last year, a report released by Philippine Statistics Authority (PSA) said. In a statement, Secretary Ernesto Pernia, director-general of the National Economic Development […].....»»

Category: newsSource:  mindanewsRelated NewsMay 9th, 2019

Reenacted budget saps economic growth in Q1

The Philippine economy lost steam in the first quarter of 2019 and grew to its slowest pace in four years after weak state spending due to delays in the passage of the national budget failed to power growth, the government reported Thursday......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2019

Agri sector slows in Q1

The country’s agricultural sector slowed down in the first quarter, growing by only 0.67 percent due to El Niño which affected the production of some crops......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2019

Guimaras’ fish yield continues to decline

GUIMARAS’ fish production continued to decrease in the third quarters of the years 2016-2018 mainly due to diminishing catch in municipal fishing with 88.89 percent of the province’s top fish species posting lower yield in the 3rd quarter of 2018, according to data from the Philippine Statistics Authority (PSA). Top fish species with decreased production […] The post Guimaras’ fish yield continues to decline appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsMay 8th, 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

Data usage sends Globe s profit soaring by 40% in Q1 2019

MANILA, Philippines – Telecommunications giant  Globe  reported impressive financials for the 1st quarter of 2019, with its core net income jumping by 40% to P6.7 billion, the company announced on Monday, May 6. Globe's revenues also grew by 13% to P36 billion compared to the same quarter in 2018, on ........»»

Category: newsSource:  rapplerRelated NewsMay 6th, 2019

PBA Finals: Magnolia grinds out crucial Game 3 win over SMB

It’s time to forget about the 2018 All-Filipino Finals now. Magnolia is charting its own path in the 2019 PBA Philippine Cup Finals, regaining the series lead after grinding out an impressive 86-82 Game 3 win over four-time champion San Miguel Beer Sunday at the Big Dome. The Hotshots won the first game of the 2018 Finals before losing four straight Beermen. That will not happen now as Magnolia got that elusive second win for a 2-1 lead in the best-of-7. Going back to its signature defense, Magnolia stymied the San Miguel from the second quarter onwards. Some much-needed offense then came from Ian Sangalang, Mark Barroca, and Rafi Reavis as the Hosthots picked up this crucial victory.   — Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsMay 5th, 2019

Employment growth slows in Q4

Employment growth in establishments nationwide slowed down slightly in the fourth quarter of last year despite fewer separations as hiring dropped sharply, according to the Philippine Statistics Authority (PSA)......»»

Category: financeSource:  philstarRelated NewsMay 5th, 2019

Central bank sees rate cut impetus from S& P rating upgrade

THE BANGKO SENTRAL ng Pilipinas (BSP) sees room to “move faster” in easing monetary policy following the sovereign debt rating upgrade last April from S&P Global Ratings, the central bank chief said in an ABS-CBN News Channel (ANC) interview, noting that the domestic economy likely grew “slightly higher” than six percent in the first quarter of the year......»»

Category: financeSource:  bworldonlineRelated NewsMay 3rd, 2019