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Expectations of strong Q4 2017 growth mount

THE PHILIPPINES is expected to have clocked gross domestic product (GDP) growth in the fourth quarter of 2017 that put the full-year pace well within target, according to an assessment released yesterday. “[The year] 2017 ended with a bang!” First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in […] The post Expectations of strong Q4 2017 growth mount appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineJan 22nd, 2018

Atletico finishes strong after poor start to season

By Tales Azzoni, Associated Press MADRID (AP) — It all turned out just fine for Atletico Madrid. After enduring a poor start to the season, Atletico ended it on a very high note. Diego Simeone's team is celebrating the Europa League title and still has a chance to finish second in the Spanish league, a feat it hasn't achieved since 2014. "We're very happy. We've been doing well year after year," Simeone said. "We've always said the best way to start winning again was to always keep trying." It was the sixth title for Simeone since he arrived in 2012 to revamp Atletico and make it into perennial title contender. He is now tied with Luis Aragones for the most titles with the club. "It's about more than a trophy," Simeone said. "It represents the value of hard work, a steady hand and consistency, values to be successful in life." Life poured onto the streets of the Spanish capital late Wednesday to celebrate Atletico winning a third Europa League trophy after beating Marseille 3-0 in the final in Lyon. It was a good way to end a season which began with very high expectations for Atletico but mostly disappointed until the last few weeks. The main goal was to make it back to the Champions League final after coming very close to winning the title in recent seasons, But it couldn't even get past the group stage. Atletico easily made it to the knockout stages in the last four seasons, losing the final to Real Madrid in 2014 and 2016, and being a semifinalist last season and a quarterfinalist in 2015. "We came very close in two Champions League finals, and in the semifinals last season," Simeone said. "We lost one (final) with two minutes left, and another on penalties. But we got ourselves back up." Atletico lost to Sevilla in the quarterfinals of the Copa del Rey to see another title opportunity slip by, and in the Spanish league it stayed near the top throughout the season but was never really able to mount a title challenge against Barcelona. Not helpful was a FIFA transfer ban which wasn't lifted until January, when Atletico could finally sign striker Diego Costa. Atletico needs a draw at home against Eibar on Sunday to hold on to second place ahead of Real Madrid and secure its best finish since it won the league in 2014. Atletico finished third behind either Barcelona or Madrid in all the other years since 2012-13, which was the team's first full season under Simeone. A draw or a loss by Real Madrid at Villarreal on Saturday will also be enough for Atletico, which is three points ahead of the city rival with one match to play. The teams are even in the head-to-head tiebreaker — they drew 0-0 and 1-1 — but Atletico trails on overall goal difference. Sunday's Liga game will also mark the end of Fernando Torres' career with Atletico. The former Spain striker earlier announced he will leave the club at the end of the season......»»

Category: sportsSource:  abscbnRelated NewsMay 18th, 2018

Cordillera Economy Posts 12.8% Growth

The economy of the Cordillera Administrative Region (CAR) recorded a strong performance in 2017 with an estimated Gross Regional Domestic Product of P153 billion that translates to a 12.1 percent growth compared to the P137 billion GRDP in 2016. Philippine Statistics Authority (PSA) Regional Director Villafe Allibuyog, in a kapihan media forum here, disclosed that […].....»»

Category: newsSource:  metrocebuRelated NewsMay 4th, 2018

PH banks bigger, more profitable despite volatility, says BSP

Philippine banks continued to grow in size and profitability in 2017 despite the volatile market conditions and the increasing sophistication of financial products and services around the world, the Bangko Sentral ng Pilipinas said on Friday. In a press statement, the regulator said the local banking system --- which it described as "the core of the financial system" --- remained sound, as shown by the further strengthening of banks' balance sheets with positive double digit growth in assets, loans, investments, deposits and capital. "Banks sustained their profitability which came from strong interest income from lending activities," the central bank said. For last year, the ban...Keep on reading: PH banks bigger, more profitable despite volatility, says BSP.....»»

Category: newsSource:  inquirerRelated NewsApr 27th, 2018

Now Corp’s strong revenue growth fuels profit surge

NOW Corp.’s profit in 2017 surged on the back of higher revenues from software licenses and services and broadband services. In a disclosure to the stock exchange, the company’s net income grew 152% to P6.29 million in 2017 from P2.5 million in 2016. Its consolidated revenue for the year 2017 is P148.97 million, 41.29% higher […] The post Now Corp’s strong revenue growth fuels profit surge appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 26th, 2018

Cebu Pacific aims to fly 22 Million passengers in 2018

The Philippines’ leading carrier, Cebu Pacific Air (PSE: CEB) aims to fly 22 Million passengers in 2018, aligned with the increase in domestic and international inbound tourists. The target is 12% over the actual number of passengers flown in 2017. For the full year of 2017, Cebu Pacific flew 19.7 Million passengers, up 3% year-on-year. Growth in domestic travel was relatively flat year-on-year. However, the number of international passengers expanded almost 8% in 2017, with strong performance in key markets like Sydney, Dubai, Hong Kong, Narita, Taipei and Incheon......»»

Category: newsSource:  kagay_anRelated NewsApr 25th, 2018

Double-digit growth for 3 retail firms

Three of the country's leading retailers posted double-digit profit growth in 2017, riding on strong consumer spending in the country. Leading home improvement/construction supply retailer Wilcon Depot Inc. last year recorded a 56-percent growth in net profit to P1.38 billion on higher sales from its growing store network and improving margins. Gaisano-led Metro Retail Stores Group Inc. (MRSGI) grew its net profit last year by 23.7 percent to P977 million, attributed to a robust retail landscape and operational enhancement programs. Leading fashion and specialty retailer SSI Group saw last year's net profit rise by 19 percent to P275 million on increased store productivity. Excl...Keep on reading: Double-digit growth for 3 retail firms.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

World Bank sees 6.7% PH growth

The World Bank sees the Philippine economy growing by 6.7 percent this year and next, similar to the pace of expansion last year, amid expectations of strong growth prospects across the region. In its East Asia and Pacific Economic Update April 2018 report titled "Enhancing Potential" released on Thursday, the World Bank kept its growth forecasts for the Philippines for 2018 and 2019 while projecting a slightly slower 6.6-percent expansion in 2020. The World Bank's gross domestic product growth projections for the next three years fell below the government's 7-8 percent target range until 2022. "Any growth above 6.7 percent would require vigorous investment in physical and human...Keep on reading: World Bank sees 6.7% PH growth.....»»

Category: newsSource:  inquirerRelated NewsApr 12th, 2018

‘Strong’ PH growth to be sustained – ADB

Philippine economic growth has hit a “golden age”, the Asian Development Bank (ADB) said on Wednesday, driven by domestic demand that will be bolstered by government spending on infrastructure. “The Philippine economic growth in 2017 was very strong.” ADB Country Director Kelly Bird said at the launch of the multilateral lender’s 2018 Asian Development Outlook. [...] The post ‘Strong’ PH growth to be sustained – ADB appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 11th, 2018

Philippines starts 2018 with foreign direct investments up by over 50%

MANILA, Philippines – After surpassing expectations in 2017, strong foreign direct investment (FDI) inflows into the country continued at the beginning of 2018, according to the Bangko Sentral ng Pilipinas (BSP). Preliminary data released by the BSP on Tuesday, April 10, showed that FDI flows totaled $919 ........»»

Category: newsSource:  rapplerRelated NewsApr 10th, 2018

Villar’s Vista Land earns P9.1B in 2017

VISTA LAND & Lifescapes, Inc. booked a double-digit growth in 2017, boosted by the expansion of its commercial leasing business alongside strong sales from its residential housing brands. The Villar-led firm reported its net income last year stood at P9.1 billion, 12% higher year on year, supported by a 13.1% increase in revenues to P36.04 […] The post Villar’s Vista Land earns P9.1B in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 4th, 2018

MVP Ladder: Davis shrugs off pain, makes case for MVP

By Sekou Smith, NBA.com You’ll have to forgive New Orleans Pelicans coach Alvin Gentry for not feeling the need to mount some coordinated public campaign for Anthony Davis for Kia MVP. Gentry figures the voters have eyes, so they've seen the same jaw-dropping things from the superstar big man that he sees every night. “He’s great, man. Just an absolutely great player in every aspect,” Gentry said in a hallway at the Smoothie King Center after Davis and the Pelicans came up short in a critical game against the Portland Trail Blazers. “You want to know what kind of guy he is? He’s in there beating himself up saying he should have done more. What more could he have done? He got 36 and 14 with three guys handing on him all night. Come on, man, he’s just a great, great player.” Davis finished with 36 points, 14 rebounds, six blocks and played the final 17 minutes in pain after injuring his left ankle late in the third quarter. He took a minute to shake it off and finished the game favoring the ankle, that required treatment after the game. These are the sorts of performances he’s turned in routinely this season, particularly since the Pelicans’ other All-Star big man, DeMarcus Cousins, went down with a season-ending Achilles injury Jan. 26 (Jan. 27, PHL time). He and Cousins were on pace to become the first pair of teammates in NBA history to each average better than 25 points and 10 rebounds. Davis is averaging 31.1 points, 12.3  rebounds and 3.6 blocks since the All-Star break, after averaging 27.4, 10.7 and 2.1 in the 51 games before the break. So the “M-V-P” chants he heard in those final minutes against the Trail Blazers were well warranted for a player with range and versatility as a two-way performer that might be unrivaled in the league. “I can only think of a couple guys in this league who can impact a game the way he can from end to end. It’s AD and … ” Gentry said, before a reporter blurted out the name of the other player he was thinking of, “yeah, LeBron. I mean, these guys can guard from the three-point line to the rim and can score from those same spaces on anybody. Guys like that, wth that ability and those talents, they are just very rare.” James and Davis (who occupy the No. 2 and 3 spots, respectively, in this week’s Kia Race to the MVP Ladder) will square off today at Quicken Loans Arena. It’ll be another chance for Davis to be measured against the league’s standard-bearer in regards to the MVP conversation. James has four MVPs in his war chest, and could (and probably should) have a couple more. Meanwhile, Davis is still searching for his first. At 33, James has shown a durability and staying power that Davis, 25, is also still searching for. If there is a knock on his game, it’s that he’s struggled with injuries, bumps and bruises to a degree that’s greater than you’d expect from a player as physically gifted as the 6'11", 253-pound dynamo. Tuesday night’s (Wednesday, PHL time) spill against the Trail Blazers marked the 11th time this season Davis has had to exit a game because of an injury. The reaction of the crowd, a collective hush as Davis writhed in pain under the basket, was followed by wild cheers when he got to his feet and limped to the bench. Davis refused to go to the locker room, choosing instead to take a moment to gather himself and return to the game, knowing the severity of his injury was overshadowed by the weight of the Pelicans’ current predicament. They need every single game to reach the postseason for just the second time in his career, the same postseason he suggested the Pelicans would have dominated had Cousins not gotten injured. That’s why he’ll play through whatever lingering discomfort he has to against the Cavaliers tonight. The gravity of the Pelicans’ situation demands that he fight through the pain, dust himself off and get back on the floor the same way he did Tuesday night (Wednesday, PHL time). “Just knowing the type of situation we’re in,” Davis told reporters in New Orleans Thursday (Friday, PHL time), “I just wanted to be on the floor. I felt I couldn't leave that game, even though it was bothering me. I just tried to tough it out and just play through it.” * * * The top five in the Week 24 edition of the 2017-18 Kia Race to the MVP Ladder: * * * 1. James Harden, Houston Rockets Last week: No. 1 Season stats: 30.7 points, 8.7 assists, 5.4 rebounds Harden took a rare night off Tuesday (Wednesday, PHL time) and the Rockets still rolled over the Chicago Bulls. The Rockets are good enough to go on auto-pilot the way they’re playing. They’ve already set the franchise record for wins in a season and secured the Western Conference's No. 1 seed ... all with seven games to go in their season. Harden’s work from the start of training camp has been the catalyst for this special season for the Rockets. He worked to integrate the new additions to the lineup, but did so without sacrificing any of the things that made him the strong MVP candidate he was last season. Topping his performance from last season should be more than enough to secure his first Kia MVP. The official word will come on June 25 (June 26, PHL time) at the NBA Awards show. But with the way the Rockets have played down the stretch of this season with Harden leading the way, the suspense in this MVP chase has evaporated. 2. LeBron James, Cleveland Cavaliers Last week: No. 2 Season stats: 27.6 points, 9.1 assists, 8.6 rebounds You have to appreciate LeBron’s admission that he would indeed vote for himself if he had a say in the race for the Kia MVP. And it’s hard to argue with his logic. Given all that the Cavaliers have endured since Kyrie Irving’s trade request was made public, it’s truly remarkable that he’s been able to compartmentalize the way he has and continue to play at an otherworldly level. If not for James Harden, LeBron would be clearing space on his mantle for his fifth Maurice Podoloff Trophy. Instead, he’ll have to settle for another season of milestones and his continued assault on nearly every career statistic the league has to offer. Not to mention he's still on track to play all 82 games for the first time in his career. And if you were wondering how the old man (relatively speaking, of course) bounces back after tough night (18 points in their Wednesday, PHL time, loss to Miami), catch the highlights from his 41-point, 10-rebound, eight-assist masterpiece in Charlotte on the second night of a back-to-back set. 3. Anthony Davis, New Orleans Pelicans Last week: No. 4 Season stats: 28.3 points, 11.1 rebounds, 2.5 blocks Back-to-back losses at Houston and at home to Portland have put Davis and the Pelicans in a familiar position in the Western Conference playoff chase. Every game until the finish is a must-win affair, with today’s tilt against LeBron James and the Cleveland Cavaliers serving as the ideal showcase for Davis. He’s been an absolute monster of late (29.6 points, 11.5 rebounds, 3.8 blocks and 2.4 assists in his last 10 games). He knows what it will take to push the Pelicans into the playoff mix without DeMarcus Cousins, as that is something Davis had to do three years ago to secure his lone playoff voyage. It took a home win over San Antonio on the final night of the regular season to clinch a spot and it might take the same this time around -- Davis and the Pelicans finish up the regular season April 11 (April 12, PHL time) with a home game against the Spurs. 4. DeMar DeRozan, Toronto Raptors Last week: No. 3 Season stats: 23.3 points, 5.2 assists, 3.9 rebounds Saturday’s trip game in Boston (Sunday, PHL time) couldn't have come at a better time for DeRozan and the Raptors, who still have some work to do secure the top spot in the Eastern Conference. Their lead over the Celtics is down to three games. Given Toronto's recent losses to the Cavs and LA Clippers, a statement win on the road against the surging Celtics would go a long way towards resetting the Raptors' collective confidence. DeRozan’s continued evolution as a playmaker has remained on full display (15 assists in his last two games) and will be crucial to the Raptors’ offensive effectiveness in the playoffs. That's assuming coach Dwane Casey does indeed plan to keep his rotation as deep in the playoffs as he has all season. But the scoring prowess that has propelled DeRozan to All-Star status the past four seasons will be just as important, if not more so, given the relative inexperience of several of the Raptors’ role players. Both DeRozan and fellow All-Star Kyle Lowry know how vital it will be for them to be in a good rhythm for the postseason. 5. Damian Lillard, Portland Trail Blazers Last week: No. 5 Season stats: 26.8 points, 6.5 assists, 4.5 rebounds Lillard was spectacular in a critical road win in New Orleans Tuesday night, finishing with a game-high 41 points (and nine rebounds, six assists and four steals). He did all that while out-dueling fellow MVP candidate Davis in what was a thrilling, must-see fourth quarter. It didn’t matter who was guarding Lillard -- sometimes it was Davis and other times it was Pelicans defensive wiz Jrue Holiday. Lillard was locked in and on absolute fire in a playoff atmosphere. His importance to the Trail Blazers, though, was even more evident a night later when he was missing from a deflating road loss to in Memphis. Lillard missed the game for a good reason: the birth of his son. But it should be clear by now that these Trail Blazers will go only as far as the mercurial Lillard can take them in the postseason. C.J. McCollum is as good a No. 2 option as you’ll find and Terry Stotts has done Coach of the Year-caliber in developing the roster. It’s Lillard’s scoring and playmaking, however, that takes them from a solid team to a top-three seed in the Western Conference. The next five: 6. Kevin Durant, Golden State Warriors 7. Russell Westbrook, Oklahoma City Thunder 8. Stephen Curry, Golden State Warriors 9. Kyrie Irving, Boston Celtics 10. Karl-Anthony Towns, Minnesota Timberwolves And five more ... LaMarcus Aldridge, San Antonio Spurs; Giannis Antetokounmpo, Milwaukee Bucks; Joel Embiid, Philadelphia 76ers; Nikola Jokic, Denver Nuggets; Victor Oladipo, Indiana Pacers Next up? An inside look at LaMarcus Aldridge from an Western Conference advance scout: “I would love to know exactly what was said in the conversation he had with [Spurs coach Gregg] Pop[ovich] after last season, from both sides. Because whatever it was, it’s produced the best season I’ve seen from LA since he’s been in the league. And I’m dating that back to his best years in Portland. The Spurs aren't close to the team they are with all of the heavy lifting he’s done this season. He’s been more physical and much more active on the defensive end than he was last season and obviously, with Kawhi Leonard missing from the lineup for basically the entire season, his responsibilities as the No. 1 option for them offensively has been tremendous. He’s always been a skilled, face-up big. Working from the L and on the baseline extended, he’s as tough a cover as you’ll find at that position. "He embraced the other stuff, though, and perhaps at Pop’s urging. He’s made himself a more physical presence around the basket and at the rim. When he’s working in space against opposing [centers], that’s when he really has an advantage, because he’ll abuse guys his size and bigger who aren’t as mobile, guys who cannot match his quickness. He’s not an above the rim guy or a rim protector that causes you any concern, but he’s stronger than he looks and this season, he’s mixed it up more when necessary. He’s been more physical than usual. I’d suggest that’s a direct result of what Pop was trying to convey to him. Without Kawhi out there, someone had to play that role as their offensive catalyst and to do that LaMarcus was going to have to toughen up and show more fire than he did last season. I give him credit for stepping up to that challenge. I’ll admit, I was a bit of a skeptic when he was the hot free agent name a couple summers back. It’s easy to forget that. He was the player everybody wanted and the Spurs got him. And it seems like he’s finally comfortable there now in the role he’s playing leading that team right now. I’ve gained a lot of respect for him and his game with the way he’s played this season.” Sekou Smith is a veteran NBA reporter and NBA TV analyst. 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 NewsMar 31st, 2018

2018 MLB preview: AL East

By The Associated Press Capsules of American League East teams, listed in order of finish last year: ___ Boston Red Sox 2017: 93-69, first place, lost to Houston in ALDS. Manager: Alex Cora (first season). He's Here: DH J.D. Martinez. He's Outta Here: Manager John Farrell, RHP Doug Fister, OF Chris Young, RHP Addison Reed, OF Rajai Davis, LHP Henry Owens, LHP Fernando Abad. Projected Lineup: RF Mookie Betts (.264, 24 HRs, 102 RBIs), LF Andrew Benintendi (.271, 20, 90), 1B Hanley Ramirez (.242, 23, 62) or Mitch Moreland (.246, 22, 79), DH J.D. Martinez (.303, 45, 104 with Tigers and Diamondbacks), 3B Rafael Devers (.284, 10, 30 in 58 games), SS Xander Bogaerts (.273, 10, 62), CF Jackie Bradley Jr. (.245, 17, 63), C Christian Vazquez (.290, 5, 32) or Sandy Leon (.225, 7, 39), 2B Eduardo Nunez (.313, 12, 58, 24 SBs with Giants and Red Sox) or Dustin Pedroia (.293, 7, 62, .369 OBP in 105 games, expected to be out until late May following knee surgery). Rotation: LH Chris Sale (17-8, 2.90 ERA, MLB-best 308 Ks, MLB-high 214 1/3 IP), LH David Price (6-3, 3.38, 11 starts, 5 relief appearances), RH Rick Porcello (11-17, 4.65), LH Drew Pomeranz (17-6, 3.32, expected to begin season on disabled list with strained left forearm), RH Hector Velazquez (3-1, 2.92) or RH Steven Wright (1-3, 8.25 in 5 starts) or LH Eduardo Rodriguez (6-7, 4.19). Key Relievers: RH Craig Kimbrel (5-0, 1.43, 35/39 saves), RH Carson Smith (0-0, 1.35, 1 save in 8 games), RH Matt Barnes (7-3, 3.88), RH Joe Kelly (4-1, 2.79), RH Tyler Thornburg (injured in 2017, expected to begin season on DL). Hot Spot: Starting Rotation. This group has the potential to be the strength of the team, with two Cy Young Award winners and four All-Stars to choose from. But other than Sale, it has been spotty. And in the four-game playoff loss to the eventual World Series champion Astros last year, the Red Sox didn't get a single quality start as the rotation totaled just 11 1/3 innings. The first four spots are spoken for, aside from the injury to Pomeranz. Among those competing with Velazquez for the fifth spot are Wright, Rodriguez and Brian Johnson. Wright, a knuckleballer and 2016 All-Star, had left knee surgery in May and missed the rest of the 2017 season. Rodriguez had major right knee surgery in October. It's possible neither will be ready for opening day, but both could be back by mid-April. Outlook: The Red Sox won 93 games last year for the second straight season and claimed the franchise's first back-to-back AL East titles. But Farrell was fired after they failed to advance in the playoffs for the fourth year in a row. The key — and really only — addition is Martinez, who gives them someone to replace longtime slugger David Ortiz after finishing last in the AL in homers without Big Papi in 2017. The theory behind Boston keeping up with the reloaded New York Yankees goes something like this: A full season of a healthy Price will bolster a rotation that already has a quality ace in Sale, plus 2016 AL Cy Young Award winner Porcello and All-Stars Pomeranz and Wright. The Red Sox also are staking their chances on the hope that Ramirez can be more like the player he was in 2016 (.286, 30, 111); that Pedroia will return quickly and be healthy and productive; that 20-year-old third baseman Devers will be able to stay up for a full season; and that Bradley won't have another second-half slump. The bullpen, anchored by Kimbrel, remains strong. ___ New York Yankees 2017: 91-71, second place, wild card, lost to Houston in ALCS. Manager: Aaron Boone (first season). He's Here: OF Giancarlo Stanton, 2B Neil Walker, 3B Brandon Drury. He's Outta Here: Manager Joe Girardi, 2B Starlin Castro, 3B-1B Chase Headley, 3B Todd Frazier, DH Matt Holliday, LHP Jaime Garcia. Projected Lineup: LF Brett Gardner (.264, 21 HRs, 63 RBIs, 96 runs, 23 SBs), RF Aaron Judge (.284, AL-leading 52, 114, MLB-high 208 Ks), 1B Greg Bird (.190, 9, 28 in 48 games), DH Giancarlo Stanton (.281, MLB-leading 59, MLB-best 132, 163 Ks with Marlins), C Gary Sanchez (.278, 33, 90, 120 Ks in 122 games), SS Didi Gregorius (.287, 25, 87), CF Aaron Hicks (.266, 15, 52 in 88 games), 2B Neil Walker (.265, 14, 49 with Mets and Brewers), 3B Brandon Drury (.267, 13, 63 with Diamondbacks). Rotation: RH Luis Severino (14-8, 2.98 ERA, 230 Ks in 193 1/3 IP), RH Masahiro Tanaka (13-12, 4.74, 194 Ks), LH CC Sabathia (14-5, 3.69), RH Sonny Gray (10-12, 3.55 with Athletics and Yankees), LH Jordan Montgomery (9-7, 3.88 in 29 starts). Key Relievers: LH Aroldis Chapman (4-3, 3.22, 22/26 saves, 69 Ks, 50 1/3 IP in 52 games), RH David Robertson (9-2, 1.48, 14/16 saves in 61 games with White Sox and Yankees), RH Dellin Betances (3-6, 2.87, 10/13 saves, 100 Ks, 50 2/3 IP in 66 games), RH Tommy Kahnle (2-4, 2.59, 96 Ks in 62 2/3 IP with White Sox and Yankees), RH Chad Green (5-0, 1.83, 103 Ks in 69 IP), RH Adam Warren (3-2, 2.35 in 44 games), LH Chasen Shreve (4-1, 3.77 in 44 games). Hot Spot: Starting Rotation. There is little seasoned depth if injuries develop, with Luis Cessa the first candidate to step up, and Chance Adams and Justus Sheffield needing more time in the minors. Sabathia turns 38 in July and while he is coming off his best and most durable season in five years, his surgically repaired right knee requires periodic injections of painkiller. Severino must maintain his consistency of 2017 after going 3-8 the previous year, when he was demoted to the minors. Montgomery is expected to increase his innings from 155 1/3. The back end of New York's rotation puts pressure on its bullpen: While Severino averaged 99 pitches per start, Gray 98 and Tanaka 94, Sabathia and Montgomery were at 87 each. Outlook: New York figures to score a lot and strike out a lot, a reason the Yankees signed the switch-hitting, high-contact Walker during spring training. Drury also was a late addition, enabling New York to start prospects Gleyber Torres and Miguel Andujar in the minors. Betances faded in the second half last season, struggling with his mechanics and control and diminishing from a four-time All-Star to a mop-up man. After a pair of injury-decimated seasons, Bird is being counted on as a left-handed power bat in the middle of the batting order who can prevent opponents from bringing in right-handed relievers to attack Judge, Stanton and Sanchez. Hicks missed nearly half of last season with oblique injuries but has displaced Jacoby Ellsbury as the regular center fielder. Having never managed or coached at any level, Boone succeeded Girardi and must establish with players and the public that he knows what he is doing. ___ Tampa Bay Rays 2017: 80-82, third place. Manager: Kevin Cash (fourth season). He's Here: OF Denard Span, 1B C.J. Cron, RHP Nathan Eovaldi, OF Jake Bauers. He's Outta Here: 3B Evan Longoria, RHP Alex Cobb, RHP Jake Odorizzi, OF-DH Corey Dickerson, OF Steven Souza Jr., 1B Logan Morrison, 1B-DH Lucas Duda, RHP Brad Boxberger, RHP Steve Cishek, RHP Tommy Hunter, OF Peter Bourjos, INF Trever Plouffe, RHP Chase Whitley. Projected Lineup: LF Denard Span (.272, 12 HRs, 43 RBIs, 31 2Bs, 12 SBs in 129 games with Giants), CF Kevin Kiermaier (.276, 15, 39 in 98 games), C Wilson Ramos (.260, 11, 35 in 64 games), RF Carlos Gomez (.255, 17, 51 with Rangers), 1B C.J. Cron (.248, 16, 56 with Angels), DH Brad Miller (.201, 9, 40), 3B Matt Duffy (sidelined by Achilles tendon injury), 2B Daniel Robertson (.206, 5, 19) or Joey Wendle (.285, 8, 54 in 118 games with Triple-A Nashville), SS Adeiny Hechavarria (.261, 8, 30 with Marlins and Rays). Rotation: RH Chris Archer (10-12, 4.07 ERA, 249 Ks in 34 starts), LH Blake Snell (5-7, 4.04 in 24 starts), RH Nathan Eovaldi (missed season following Tommy John surgery), RH Jake Faria (5-4, 3.43 in 16 games, 14 starts). Key Relievers: RH Alex Colome (2-3, 3.24, 47/53 saves), RH Matt Andriese (5-5, 4.50), RH Sergio Romo (3-1, 3.56 in 55 appearances with Dodgers and Rays; 2-0, 1.47 in 25 games with Rays), LH Dan Jennings (3-1, 3.45 in 77 games with White Sox and Rays), RH Andrew Kittredge (0-1, 1.76 in 15 games), RH Chaz Roe (0-0, 9.00 in 3 games with Braves), RH Austin Pruitt (7-5, 5.31), LH Joe Alvarado (0-3, 3.64). Hot Spot: Starting Rotation. Normally, the Rays are built around good, young starting pitching and solid defense, a formula that will be tested after losing Cobb to free agency, trading Odorizzi and settling on a plan to use a four-man rotation, instead of the customary five. Cash intends to use multiple relievers on floating "bullpen days" slotted to allow the four starters to pitch on regular rest. It may not be a conventional setup, but the Rays are confident they have enough good arms to make it work. Outlook: The Rays sport a new look after a winter of trimming payroll. In addition to the departures of Cobb and Odorizzi, the heart of a batting order that hit a club-record 228 homers — Longoria, Dickerson, Souza and Morrison — is gone, too. Archer, a two-time All-Star, is set to make his franchise-record fourth opening day start, and Colome is back at closer, too. The question that remains unanswered is, for how long? Cash and general manager Erik Neander aren't making any bold predictions but they insist that despite all the changes, the Rays have a chance to be a lot more competitive than it appears on paper. ___ Toronto Blue Jays 2017: 76-86, fourth place. Manager: John Gibbons (sixth season of second stint, 11th overall with Blue Jays). He's Here: LHP Jaime Garcia, OF Randal Grichuk, OF Curtis Granderson, RHP Seung-hwan Oh, INF Yangervis Solarte, INF Aledmys Diaz, RHP John Axford, RHP Tyler Clippard, INF Danny Espinosa, RHP Taylor Guerrieri, INF Gift Ngoepe, LHP Sam Moll, RHP Sam Gaviglio. He's Outta Here: OF Jose Bautista, OF Ezequiel Carrera, RHP Dominic Leone, LHP Brett Anderson, INF Darwin Barney, RHP Leonel Campos, OF Darrell Ceciliani, RHP Taylor Cole, INF Ryan Goins, C Raffy Lopez, RHP Tom Koehler, RHP Dominic Leone, C Miguel Montero, INF Rob Refsnyder, OF Michael Saunders, RHP Bo Schultz, RHP Cesar Valdez. Projected Lineup: 2B Devon Travis (.259, 5 HRs, 24 RBIs in 50 games), 3B Josh Donaldson (.270, 33, 78), 1B Justin Smoak (.270, 38, 90), DH Kendrys Morales (.250, 28, 85), LF Steve Pearce (.252, 13, 37) or Curtis Granderson (.212, 26, 64 with Mets and Dodgers), C Russell Martin (.221, 13, 35), SS Troy Tulowitzki (.249, 7, 26 in 66 games), RF Randal Grichuk (.238, 22, 59 with Cardinals), CF Kevin Pillar (.256, 16, 42). Rotation: LH J.A. Happ (10-11, 3.53 ERA), RH Aaron Sanchez (1-3, 4.25 in 8 games), RH Marco Estrada (10-9, 4.98), RH Marcus Stroman (13-9, 3.09), LH Jaime Garcia (5-10, 4.41 with Braves, Twins and Yankees). Key Relievers: RH Roberto Osuna (3-4, 3.39, 39/49 saves), RH Ryan Tepera (7-1, 3.59, 2 saves), RH Danny Barnes (3-6, 3.55), RH Seung Hwan Oh (1-6, 4.10, 20 saves with Cardinals), LH Aaron Loup (2-3, 3.75), RH John Axford (0-1, 6.43 with Athletics), RH Tyler Clippard (2-8, 4.77, 5 saves with White Sox, Yankees and Astros). Hot Spot: Shortstop. Tulowitzki is owed $20 million in each of 2018 and 2019, and $14 million in 2020, the final season of a 10-year contract he received from Colorado. Tulo has missed at least 30 games in six straight seasons, and will begin 2018 on the disabled list because of a bone spur in his right heel. Although the Blue Jays have multiple backup options, they could be waiting at least a month, if not longer, for the five-time All-Star and two-time Gold Glove winner to return. Tulowitzki sustained a season-ending injury to his right ankle in late July last year. Outlook: The powerful Yankees and reigning division champion Red Sox are considered playoff favorites in the AL East, so the expectation is the Blue Jays will be left to compete for the second wild card. If Donaldson and Smoak help the offense rebound from last season's injury-induced stumble, when Toronto scored an AL-low 693 runs, and the starting pitching stays strong and healthy, the Blue Jays might be able to mount a playoff push. Health concerns remain plentiful, however. Besides Tulowitzki's troublesome heel, Travis will need scheduled downtime to rest his surgically repaired right knee. Stroman was slowed by a sore shoulder in spring training, and Sanchez will be closely monitored after making just eight starts last year because of blister issues. ___ Baltimore Orioles 2017: 75-87, fifth place. Manager: Buck Showalter (ninth season). He's Here: RHP Alex Cobb, RHP Andrew Cashner, OF Colby Rasmus, LHP Nestor Cortes Jr., C Andrew Susac, INF Engelb Vielma, OF Austin Hays. He's Outta Here: C Welington Castillo, SS J.J. Hardy, RHP Ubaldo Jimenez, LHP Wade Miley, RHP Jeremy Hellickson. Projected Lineup: LF Trey Mancini (.293, 24 HRs, 78 RBIs), 2B Jonathan Schoop (.293, 32, 105, 35 2Bs), SS Manny Machado (.259, 33, 95, 33 2Bs), CF Adam Jones (.285, 26, 73), 1B Chris Davis (.215, 26, 61, 61 BBs, 195 Ks), 3B Tim Beckham (.259, 12, 36 in 87 games with Rays; .306, 10, 26 in 50 games with Orioles), DH Mark Trumbo (.234, 23, 65, 149 Ks), RF Colby Rasmus (.281, 9, 23 with Rays), C Caleb Joseph (.256, 8, 28). Rotation: RH Dylan Bundy (13-9, 4.24 ERA, 152 Ks), RH Kevin Gausman (11-12, 4.68, 179 Ks), RH Alex Cobb (12-10, 3.66 with Rays), RH Andrew Cashner (11-11, 3.40 with Rangers), RH Chris Tillman (1-7, 7.84) or RH Miguel Castro (3-3, 3.53 in 39 games, 1 start). Key Relievers: RH Brad Brach (4-5, 3.18, 18/24 saves), RH Darren O'Day (2-3, 3.43, 2 saves), LH Richard Bleier (2-1, 1.99), RH Mychal Givens (8-1, 2.75). Hot Spot: Starting Rotation. The late addition of Cobb fills out a previously shaky unit, but depth and experience are still an issue. Bundy and Gausman were decent last season, but the young right-handers must take another step forward. Jimenez and Hellickson have been replaced by Cashner, on his third team in four years, and Castro, a converted reliever with one career start. Tillman, re-signed as a free agent, has to prove that his miserable 2017 season was merely a fluke rather than the beginning of the end of a career that two years ago appeared to be blooming. Should any of the starters get injured, the team has very few options on the staff and in the minors beyond right-hander Mike Wright, who's got a lifetime ERA of 5.86. Outlook: The Orioles were 25-16 and in first place last year before fading to their first losing season since 2011. The prospect for improvement will rest on a power-laden lineup that needs Davis and Trumbo to rebound from poor performances, but both sluggers fought through injuries this spring and Trumbo will be on the disabled list on opening day. With a shaky rotation and a bullpen that is without injured closer Zach Britton, the Orioles must score plenty of runs to make some noise in the AL East. Baltimore's defense, usually a strong point, was not particularly efficient in 2017. The team addressed the problem by switching Machado to shortstop and working hard on fundamentals this spring. Most important, this could be the last season in Baltimore for Jones and Machado, whose contracts expire after 2018. If the Orioles are sputtering in July, the most intriguing aspect of the team might be whether one or both stars get jettisoned before the July 31 trade deadline......»»

Category: sportsSource:  abscbnRelated NewsMar 29th, 2018

High oil prices gnaw at Cebu Air 2017 profit

The operator of budget airline Cebu Pacific Air saw its net income drop by almost 19 percent as rising oil prices cut into profit, offsetting gains from strong passenger demand. Cebu Air Inc. said its net income in 2017 hit P7.9 billion, down 18.9 percent from P9.75 billion in 2016. The decline came despite revenue growth for passenger and cargo services. Total revenue last year hit about P68 billion, up 9.9 percent. Passenger revenue alone was up 7.2 percent to P49.93 billion as volume increased by 3.2 percent. Cebu Pacific and Cebgo flew over 19.7 million passengers last year. Moreover, it added more planes to fleet, which numbered 61 aircraft at the end of December 2017. Flig...Keep on reading: High oil prices gnaw at Cebu Air 2017 profit.....»»

Category: newsSource:  inquirerRelated NewsMar 28th, 2018

Growth mainstays in focus for 2018

By Melissa Luz T. Lopez Senior Reporter STRONGER consumption coupled with the government’s infrastructure push will drive economic growth this year, S&P Global Ratings said, as exports are likely to normalize from last year’s record pace. “After strong export contributions in the middle of 2017, we expect the traditional pillars of growth — consumption and […] The post Growth mainstays in focus for 2018 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 20th, 2018

Pilipinas Shell profit soars 39% in 2017

PILIPINAS SHELL Petroleum Corp. said its net income rose 39%   in 2017, it told the stock exchange on Monday, citing strong growth in retail volume and regional refining margins as well as gains in inventory holdings. In a statement, Pilipinas Shell said its full-year profit jumped to P10.4-billion profit from the P7.4 billion recorded […] The post Pilipinas Shell profit soars 39% in 2017 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 19th, 2018

SMC core profit up 11% in 2017

By Krista A. M. Montealegre, National Correspondent SAN MIGUEL Corp. (SMC) chalked up a double-digit growth in recurring earnings last year on the back of the strong performance of its traditional businesses coupled with the positive results of its power and oil segments. In a statement on Thursday, the diversified conglomerate reported its   recurring […] The post SMC core profit up 11% in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 16th, 2018

Petron is main income driver of San Miguel in 2017

MANILA, Philippines – San Miguel Corporation (SMC) saw its recurring net income increase to P54.6 billion in 2017 on the back of strong growth of its oil unit Petron Corporation as well as its food and beverage businesses. This was 11% higher than the P49.35 billion recorded in 2016. SMC told the Philippine ........»»

Category: newsSource:  rapplerRelated NewsMar 15th, 2018

Petron 2017 income jumps 30%

Petron Corp. yesterday said its consolidated net income surged by 30 percent to P14.1B in 2017 from P10.8 billion in the previous year given strong retail volumes. "We were able to capture the increase in fuel demand with the robust growth of the Philippine and Malaysian economies," Petron president and chief executive Ramon S. Ang said in a statement. "Underpinned by large-scale infrastructure projects, we see strong demand growth in both markets over the medium-term and this bodes well for our business," Ang said. Similarly, the oil refiner's consolidated sales revenue jumped by 26 percent to P434.6 billion last year from P343.8 billion in 2016. Further, operating income le...Keep on reading: Petron 2017 income jumps 30%.....»»

Category: newsSource:  inquirerRelated NewsMar 14th, 2018

North American travelers identified as main driver of growth for int’l travel in 2017

Globetrotting travelers from North America are credited for making 2017 an exceptionally strong travel year in a new report released out of a major trade fair this week. According to the IPK World Travel Monitor, which analyzes outbound travel behavior in 60 countries, the number of travelers from the United States and Canada who took international outbound trips increased nearly 8 percent in 2017, compared to the previous year, the biggest growth market for travel. After North America, the number of travelers from Europe rose six percent, followed by Latin America and Asia, both at increases of five percent. At the country level, Spain was the most popular tourist destinati...Keep on reading: North American travelers identified as main driver of growth for int’l travel in 2017.....»»

Category: newsSource:  inquirerRelated NewsMar 11th, 2018

DMCI nets P14.8B

Consunji-led engineering conglomerate DMCI Holdings grew its net profit last year by 16 percent to P14.8 billion on higher earnings from its coal energy, real estate, construction and nickel mining businesses. DMCI was also able to meet its double-digit profit increase goal despite what was deemed as a "challenging year." "For 2018, our financial performance will likely be more modest because of tapering electricity rates and the unresolved issues in our nickel mining and water businesses. But we see strong growth from our coal production and real estate segments," DMCI chair and president Isidro Consunji said. For the fourth quarter of 2017 alone, DMCI's net profit rose by ...Keep on reading: DMCI nets P14.8B.....»»

Category: newsSource:  inquirerRelated NewsMar 8th, 2018