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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

Pueblo de Oro records stellar growth in 2017

Pueblo de Oro Development Corp. (PODC), a leading developer of residential and mixed-use projects in the Philippines, surpassed earnings expectations in 2017 on the back of its strong performance......»»

Category: newsSource:  philippinetimesRelated NewsJun 30th, 2018

Foreign investments still coming

Foreign direct investments (FDI) continued to surge into the country for the January-May 2018 period, with registered net inflows hitting $4.8 billion, or a growth of 49 percent from the comparable period in 2017, the Bangko Sentral ng Pilipinas (BSP) said.   In a statement, the central bank said investment inflows were boosted by continued favorable investor sentiment on the back of the country's solid macroeconomic fundamentals and growth prospects.   The strong performance of inward investments in the first five months of the year came on the heels of a record high FDI figure of $10 billion recorded for all of 2017.   The latest data showed that net eq...Keep on reading: Foreign investments still coming.....»»

Category: newsSource:  inquirerRelated NewsAug 11th, 2018

DA s 2018 NBA Offseason Rankings: The Middle 10

By David Aldridge, TNT Analyst Wonder what the rental market is like in San Luis Obispo, Calif. San Luis Obispo is, give or take a few miles, one of the closest cities that is near the midway point between Los Angeles and San Francisco. Given the events of the NBA’s offseason, it’s not hare to imagine national reporters are going to be spending a lot of time in California next season, bouncing back and forth between the Bay and L.A. Catch LeBron James and the Lakers on Wednesday and then, Stephen Curry, Kevin Durant and the Warriors on Thursday. The Western Conference only got stronger and deeper with James leaving Cleveland for a second time, this time to go to the Lakers. Add four of the top five Draft picks -- including No. 1 overall selection Deandre Ayton (Phoenix Suns), No. 2 pick Marvin Bagley III (Sacramento Kings) and international phenom Luka Doncic (No. 3 pick, acquired by Dallas Mavericks) -- going to Western Conference teams, and the talent disparity between conferences only seems greater. But did Eastern Conference teams take advantage of Cleveland deflating to make their teams better? And how effective were West teams in making their teams better prepared to at least compete with the Warriors? That’s where this year’s Offseason Rankings come in -- big, bold, definitive. You love them, if the amount of hate tweets and e-mails I get after they’re published are any indication. Every year, we rank how all 30 teams have done since the end of their respective seasons. We look at everything -- how they drafted, what trades they made, what players they signed in free agency, and for how much -- or if they didn’t participate in free agency much at all. We look at if they’ve changed coaches, executives, owners, or if they’re moving into a new building that can generate big revenues. And you have to decide which ones you liked the most. Here's what these rankings ARE NOT: A predicted order of finish for next season. It's an opinion that seeks to answer a question: is the team better now than at the end of last season? The ranking reflects the belief on whether, and how much, that is so. (I liked certain guys who were in the Draft more than others, so if your team took them, I probably weighed it more positively. Doesn't mean I'm right.) I do not expect the Suns, for example, to have a better record than the Celtics, just because they had a better summer. It is not a ranking of the teams in order from 1 through 30 right now; I do not believe the Mavericks are now a better team than Rockets. This is just one person’s opinion about offseason moves -- offseason moves only. Is your team better now than it was before? - If your team is ranked in the top 10, it doesn't mean I love your team.       - If your team is ranked in the bottom 10, it doesn't mean I hate your team. It's an opinion that seeks to answer a question: is the team better now than at the end of last season? The ranking reflects the belief on whether, and how much, that is so. (I liked certain guys who were in the Draft more than others, so if your team took them, I probably weighed it more positively. Doesn't mean I'm right.) What plays into the rankings: - This isn’t science. It’s an educated guess, weighing the impact both of the Draft and free agency, but also assessing whether teams got value in their free-agent signings. Overpaying the right player is as much a sin as signing the wrong player. A good new coach can coax some more wins out of a roster. But if a team’s players don’t believe in the system their team uses, the best Xs and Os on earth don’t matter.       - Teams that are rebuilding obviously have different priorities than teams making a championship push. That's factored in. So Chicago, for example, gets credit for adding young, affordable players as it stockpiles its talent -- but that talent has to fit together, as Wendell Carter Jr. does with Lauri Markannen. And a team like the Warriors that shows it’s willing to go deep into the luxury tax -- which most teams try to avoid -- in order to keep winning has to be commended, and its rankings reflect that commendation.       - Continuity matters here as well. The most successful teams usually not only identify a core group of players, they keep them together for a while, finding that sweet spot: everyone doesn’t get a max contract, but most get paid well enough to keep the train moving down the tracks. That reflects both good roster construction and good financial management -- and, again, is rewarded. The explosion in the cap means everyone has to spend; keeping your powder dry for another day doesn’t have as much cache as it used to. But you still have to manage your money wisely. Salary numbers, with a couple of exceptions, come from Basketball Insiders, whose Eric Pincus does the best job of anyone in the game of keeping track of all the moving financial parts, quickly and accurately -- which is why we use him at NBA TV during the Draft and free agency to tell us what the hell this all means. The Middle 10 * * * 11. TORONTO RAPTORS 2017-18 RECORD: 59-23; lost in Eastern Conference semifinals ADDED: Coach Nick Nurse; G Danny Green (acquired from Spurs); F Kawhi Leonard (acquired from Spurs) LOST: Former coach Dwane Casey; G DeMar DeRozan (traded to Spurs); F Alfonzo McKinnie (waived); C Jakob Poeltl (traded to Spurs) RETAINED: G Fred VanVleet (two years, $18.1 million) THE KEY MAN: Nurse. The former Raps assistant has extensive G League head coaching experience. But the NBA isn’t just about a coach’s Xs and Os acumen. We know Nurse can do that. But an NBA coach has to have command presence in a locker room not only full of millionaires, but full of Alpha males who have their own very strong opinions on how they should be used and how their teammates should help them. Nurse will have to show he can put his own stamp on a team that will have some new faces while still having extremely high expectations. THE SKINNY: You may well think Toronto should be higher, based on Leonard’s standing as a top-five player in the league when fully healthy. No matter what you think of DeRozan, a four-time All-Star, no one can realistically say he’s better than “The Klaw” when both are 100 percent. But, of course, we don’t know if Leonard’s 100 percent. And, trading DeRozan, who’d been the franchise’s biggest advocate during his nine seasons there -- and who had led the team to its greatest extended run of success ever -- is not a transaction without consequence for the Raptors. He helped get the best out of Kyle Lowry. He could help recruit free agents. And, the circumstances of his departure have not helped the franchise’s reputation. Still, this is a talent-based league, and Leonard has it. His and Green’s presence on the perimeter gives Toronto the chance to be a switching defensive monster -- and will help the Raptors be able to match up better with the likes of the Boston Celtics and Philadelphia 76ers in a late-May playoff matchup, as long as the Raptors’ young core in which it believes so strongly continues to play as well in reserve as it did last season. 12. MILWAUKEE BUCKS 2017-18 RECORD: 44-38; lost in first round ADDED: Coach Mike Budenholzer; G Donte DiVincenzo (No. 17 pick, 2018 Draft); G Trevon Duval; F Ersan Ilyasova (three years, $21 million); C Brook Lopez (one year, $3.32 million); F Pat Connaughton (two years, $3.2 million); LOST: Former interim coach Joe Prunty; G Brandon Jennings (waived); F Jabari Parker (signed with Bulls) RETAINED: None THE KEY MAN: G Eric Bledsoe. His departure from Phoenix early last season was messy. But once he got to Brewtown, Bledsoe solidified the Bucks at the point, averaging 17.8 points and 5.1 assists per game in 71 starts. At 28, Bledsoe faces the last year of his contract and will have to show a new coach he’s capable of running things long-term and playing alongside Giannis Antetokounmpo through the meat of his prime. THE SKINNY: Budenholzer’s arrival should coincide with an improvement in the Bucks’ defense, something that former coach Jason Kidd could never quite accomplish. Ilaysova’s return for a second tour in Milwaukee should help, with his celebrated charge-taking skill and Lopez’s still-substantial size a double-boon to Milwaukee’s interior D as the Bucks were bottom 10 last season in points allowed in the paint (47.4 per game). If the paint becomes a little tougher to traverse, the Bucks should finally able to use their substantial length on the wing to get back to create deflections and turnovers, and get out in transition, where Antetokounmpo and Friends do their best work and their most damage to the opposition. They’ll do so 41 nights a year for the next couple of decades in the 17,500-seat Fiserv Forum, the Bucks’ new arena that will open in early September with a concert and should pump new revenues into the Bucks’ bloodstream, giving them more financial wherewithal to keep “The Greek Freak” surrounded with high-quality talent. 13. UTAH JAZZ 2017-18 RECORD: 48-34; lost in Western Conference semifinals ADDED: G Grayson Allen (No. 21 pick, 2018 Draft); G Jarius Lyles; G Naz Mitrou-Long LOST: F Jonas Jerebko (waived) RETAINED: G Dante Exum (three years, $33 million); F/C Derrick Favors (two years, $37.6 million), G Raul Neto (two years, $4.4 million); F Georges Niang (three years, $4.9 million) THE KEY MAN: C Rudy Gobert. He’s a monster presence, the hub of the Jazz’s defensive wheel and the reigning Kia Defensive Player of the Year. And he has to take a step back in Utah next season for the Jazz to take the next step forward. He has to understand what Utah has in Donovan Mitchell and let that kid eat. Nobody in the league can do what Gobert does defensively. So embrace that and concentrate on that -- take the Draymond Green attitude about being the “defensive guy” on a great team (not that Jazz fans want you to do anything that Green does). Gobert’s handsomely paid and the DPOY award found him in Salt Lake City; there’s no small-market bias at work here. So let Mitchell and Joe Ingles carry the shooting/scoring load, let Ricky Rubio orchestrate, and snuff out opponent dreams at the other end, night after night. It’s what you were born to do. THE SKINNY: My God, Mitchell had a great rookie season. And Utah brought most of the band back from last season to provide advice and consent for him again, re-signing Favors, Exum and Neto each on very reasonable contracts. Doing so leaves Utah over the cap, still comfortably under the tax, and with nothing on the books that should raise an eyebrow financially. (Utah’s front office should handle my checking account for a while.) Anyway, no reason to expect any backsliding next season with the crew returning, though coach Quin Snyder will surely miss the counsel of his longtime friend Igor Kokoskov, off to run the Suns. 14. ATLANTA HAWKS 2017-18 RECORD: 24-58; missed playoffs ADDED: Coach Lloyd Pierce; F Justin Anderson (acquired from 76ers); G Kevin Huerter (No. 19 pick, 2018 Draft); C Alex Len (two years, $8.5 million); G Jeremy Lin (acquired from Nets); F Omari Spellman (No. 30 pick, 2018 Draft); G Trae Young (No. 5 pick, 2018 Draft) LOST: Former coach Mike Budenholzer; G Antonius Cleveland (waived); G Damion Lee (signed with Warriors); F/C Mike Muscala (traded to 76ers); G Dennis Schröder (traded to Thunder); G Isaiah Taylor (waived) RETAINED: C Dewayne Dedmon (picked up player option) THE KEY MAN: GM Travis Schlenk. The second-year executive will be judged on how well Atlanta uses its trove of Draft picks -- three firsts this year, three firsts next year, two firsts in 2022 -- the next few years. And, ultimately, the Hawks will live or die by whether Young or Luka Doncic becomes the bigger NBA producer. Schlenk’s chances of completing the rebuild may well ride on that. THE SKINNY: The Hawks’ roster teardown is nearing completion, but the renovated Philips Arena will come online faster than the team, which now needs Young to live up to all the hype after his one season at Oklahoma. He has incredible range and great potential, but he’ll be challenged every night to stay in front of the legion of great points in this league. Pierce, the former Sixers’ assistant, is going to have a very tough time melding all the newcomers with the small core of players who survived, including John Collins, Kent Bazemore, DeAndre' Bembry and Taurean Prince. 15. LA CLIPPERS 2017-18 RECORD: 42-40; missed playoffs ADDED: C Marcin Gortat (acquired from Wizards); G Shai Gilgeous-Alexander (No. 11 pick, 2018 Draft); F Johnathan Motley (acquired from Mavericks); F Mike Scott (one year, $4.3 million); F Luc Mbah a Moute (one year, $4.3 million), G Jerome Robinson (No. 13 pick, 2018 Draft) LOST: G Austin Rivers (traded to Wizards); C DeAndre Jordan (signed with Mavs); G C.J. Williams (waived) RETAINED: G Avery Bradley (two years, $24.9  million); C Montrezl Harrell (two years, $12 million); G Wesley Johnson (picked up player option); G Milos Teodosic (picked up player option) THE KEY MAN: F Tobias Harris. He was the key tangible piece of the Blake Griffin trade last season (the intangible being the unprotected first from Detroit in the deal that eventually became Gilgeous-Alexander after a Draft night trade with Charlotte). And Harris played quite well in his 32 games with the Clips, averaging 19.3 points and six rebounds per game. Those numbers could each well go up in a contract year and with few others outside of Lou Williams on the roster that can go get their own buckets. THE SKINNY: Amazing, but true: the Clipper player with the longest current tenure is … Wesley Johnson, who came aboard in 2015. “Lob City” is in the history books and change will be the norm here for a while, including next summer, when the Clippers expect to be a free-agent destination. The Clips did what they could with that not-insignificant restriction, but the best stuff was in the Draft, winding up with a potential long-term point in Gilgeous-Alexander and a two in Robinson that rocketed up the pre-Draft charts. Bradley’s on a very team-friendly and controllable contract, as is Patrick Beverley, whose modest 2018-19 salary isn’t guaranteed until January. Those two and Mbah a Moute can give coach Doc Rivers hope that he can get some stops on the perimeter, because while Gortat is still willing defensively and still takes a bunch of charges, he is not Jordan when it comes to rim protection. 16. BROOKLYN NETS 2017-18 RECORD: 28-54; missed playoffs ADDED: F/C Ed Davis (one year, $4.4 million); F Jared Dudley (acquired from Suns); F Kenneth Faried (acquired from Nuggets); G/F Treveon Graham (two years); F Rodions Kurucs (No. 40, 2018 Draft); F Dzanan Musa (No. 29 pick, 2018 Draft); G Shabazz Napier (two years, $3.7 million) LOST: F Darrell Arthur (traded to Suns); F Dante Cunningham (signed with Spurs); C Dwight Howard (waived); G Jeremy Lin (traded to Hawks); C Timofey Mozgov (traded to Hornets); G Nik Stauskas (signed with Blazers); G Isaiah Whitehead (traded to Nuggets) RETAINED: G Joe Harris (two years, $16 million) THE KEY MAN: Co-owner Joseph Tsai. The Alibaba executive and billionaire has 49 percent of the team, and can buy majority control from Mikhail Prokhorov by 2021. Until then, they’ll run the team jointly, so no matter Prokhorov’s ups and downs, Brooklyn’s financial spigot should never run dry. Tsai reportedly has designs on expanding the Nets’ brand further in China, just as Prokhorov believed the Nets had global reach. They didn’t, at least not the post-KG and Pierce squads. THE SKINNY: If you love Ed Davis like smart people who know basketball do, Brooklyn makes the top half by bringing the ex-Blazer in on a short deal. If he plays great, he’ll cost the Nets a pretty penny in 2019, but Brooklyn has to take chances on guys who can outperform their contracts. The only thing the Nets couldn’t do was take on more ’19 salary when they’ll be in line to potentially add two max players. Won’t be easy to lure the elites, but Brooklyn also has accumulated enough assets to be able to make uneven trades for salaries if need be. In the interim comes next season, with coach Kenny Atkinson needing to continue to develop diamonds in the rough like Graham, who Cleveland wanted and who will help the Nets at multiple positions. 17. CHICAGO BULLS 2017-18 RECORD: 27-55; missed playoffs ADDED: G Antonius Cleveland; C Wendell Carter Jr. (No. 7 pick, 2018 Draft); F Chandler Hutchison (No. 22 pick, 2018 Draft); F Jabari Parker (two years, $40 million) LOST: F Jerian Grant (traded to Magic); G Sean Kilpatrick (waived); G Julyan Stone (waived); F Noah Vonleh (signed with Knicks); G Paul Zipser (waived) RETAINED: G Antonio Blakeney; G Zach LaVine (matched four year, $78 million offers sheet from Kings) THE KEY MAN: G Kris Dunn. As the 24-year-old will be every season he’s in Chicago. The Jimmy Butler trade in 2017 yielded the pick that became Lauri Markannen, and he’s also a key piece to the Bulls’ future. But Chicago won’t ever get elevation again if Dunn doesn’t become an elite point guard in a league full of them. He showed signs last season that he could be just that, most notably a December in which Dunn averaged 14.9 points and eight assists, and the Bulls went 10-6. But a concussion in January derailed Dunn’s progress and his production fell sharply the rest of the season. THE SKINNY: Can Parker play the three, as the Bulls insist he can? There isn’t a ton of evidence suggesting so, and Parker’s hypothesis that he isn’t getting paid to play defense does not provide much comfort. But the Bulls will try him there alongside Markannen and rookie Carter Jr. in what would be a huge frontcourt. Almost $20 million annually for LaVine going forward is also a stretch, but less of one if LaVine comes all the way back from his 2017 ACL tear with a full training camp and season. Carter may be more important to the Bulls’ hoped-for resurgence than Parker and LaVine; the Duke big man has that much potential. 18. WASHINGTON WIZARDS 2017-18 RECORD: 43-39; lost in first round ADDED: C Thomas Bryant; G Troy Brown (No. 15 pick, 2018 Draft); F Jeff Green (one year, $2.5 million); C Dwight Howard (two years, $11 million); G Austin Rivers (acquired from Clippers); G Issuf Sanon (No. 44 pick, 2018 Draft) LOST: C Marcin Gortat (traded to Clippers); F Mike Scott (signed with Clippers) RETAINED: G Jodie Meeks (picked up player option); C Jason Smith (picked up player option) THE KEY MAN: Coach Scott Brooks. Entering his third season in Washington, Brooks keeps saying he wants the Wizards to defend and play fast. But he has to follow that up with action, especially when and if John Wall doesn’t provide the on-ball defense Washington needs to have any chance to unleash a still-potent fast break. Wall is 27 and, if healthy, in his prime. The team takes almost all of its cues from him; when he’s locked in, the Wizards can compete with anyone. But when he’s indifferent, so are they -- as evidenced by their horrible record against bad teams. Brooks has to demand Wall’s best, or be ready to limit his minutes. THE SKINNY: NBA protocol almost demands you hate the pickup of Howard, such is his current perceived valued among many after multiple stops the last few seasons. The guess here is that Howard won’t hijack the Wizards’ locker room, as he had been accused of while in with the Houston Rockets and Charlotte Hornets, especially. Howard’s skill set can help Washington, which fell off defensively last season. But there’s also not much sense he’ll be a significant pick-me-up in D.C., either. He can’t stretch the floor and he’s not especially potent finishing in pick and roll, either. But the Wizards should at least be deeper off the bench with Green, who played well for the Cavs last season, and Rivers, who gives Washington legit guard depth along with Tomas Satoransky. 19. SACRAMENTO KINGS 2017-18 RECORD: 27-55; missed playoffs ADDED: F Nemanja Bjelica (three years, $20.4 million); C Marvin Bagley III (No. 2 pick, 2018 Draft); G Yogi Ferrell (two years, $4.1 million); G Ben McLemore (acquired from Kings); F Deyonta Davis (acquired from Grizzlies) LOST: G Garrett Temple (traded to Grizzlies) RETAINED: G Iman Shumpert (picked up player option); C Kosta Koufos (picked up player option) THE KEY MAN: F Harry Giles. The Kings traded for the one-and-done forward on Draft night 2017 and redshirted him, feeling he needed a year to fully recover from the multiple knee surgeries he’d undergone the last three years. Those surgeries stopped his top-five Draft potential in its tracks, before and after a year at Duke. But Giles is back on the floor, having flashed his skills during NBA Summer League, as Sacramento gushed about his progress. If the 20-year-old is ready to roll come October, he could be an enormous boost. He’ll have to at least become a contributor, lest folks remind the Kings they passed on the likes of Kyle Kuzma and O.G Anunoby to trade for his rights. THE SKINNY: Bagley III has superstar potential, and he better become one, or the Doncic Stans among the Kings’ fan base will have aneurysms. The Kings were all over everyone, seemingly, this summer, dropping sheets on Zach LaVine, almost doing the same with Marcus Smart and Jabari Parker, and going after unrestricted free agent Mario Hezonja. All well and good, and getting Bjelica out from under Philly and prying Ferrell from Dallas were decent late July pickups. But it will be Bagley III who’ll be under the microscope. His skill sets are prodigious and he’s been working out feverishly all summer. And he wants to make a mark in restoring the Kings to where they were on the floor during the Webber Years. He worked out for them. He’s enthusiastic about them. That counts for something. 20. HOUSTON ROCKETS 2017-18 RECORD: 65-17; lost in Western Conference finals ADDED: G Michael Carter-Williams (one year, $1.5 million); G De'Anthony Melton (No. 46 pick, 2018 Draft); F Vincent Edwards (No. 52 pick, 2018 Draft) LOST: F Trevor Ariza (signed with Suns); Luc Mbah a Moute (signed with LA Clippers); C Chinanu Onuaku (traded to Mavs) RETAINED: C Clint Capela (five years, $90 million); G/F Gerald Green (one year, $2.3 million); G Aaron Jackson (picked up team option); G Chris Paul (four years, $159 million) THE KEY MAN: Jason Biles, Joe Rogowski, Keith Jones and Javair Gillett -- the Rockets’ athletic trainers, sports performance and rehab staff. Their only mission next season, should they decide to accept it, is to get Paul through an 82-game regular season and a two-month playoff slog without breaking or pulling anything of importance that keeps him out of key games. Of course, should any of the staff be unsuccessful, the Morey will disavow any knowledge of their employment. Good luck, men. THE SKINNY: We have not yet included Carmelo Anthony, who will be signing in Houston any minute now. When he’s officially on the roster, he’ll certainly help, and we all saw that even Houston can go through extended scoring droughts in the playoffs. Having Anthony around should alleviate that. The Rockets may have had the best signing of the summer, keeping the 24-year-old Capela locked up long-term for $18 million per -- incredible value these days, given the way salaries are skyrocketing. But that was mitigated by the losses of Ariza and Mbah a Moute, who were crucial to the switching defense Houston employed and perfected by the playoffs, which threw sand in the gears of the Warriors’ impenetrable offense and would likely have propelled the Rockets to The Finals if Paul hadn’t gotten hurt in Game 5. Ennis and Carter-Williams will help some in that regard, but they don’t have the resume of Mbah a Moute and Ariza -- which means they sometimes won’t get the benefit of the doubt from refs that the old heads do. Houston’s still the clear number two to Golden State in the West, but the gap between the Rockets and the best of the rest has closed. Longtime NBA reporter, columnist and Naismith Memorial Basketball Hall of Famer David Aldridge is an analyst for TNT. 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 NewsAug 8th, 2018

DA s 2018 NBA Offseason Rankings: The Top 10

By David Aldridge, TNT Analyst Wonder what the rental market is like in San Luis Obispo, Calif. San Luis Obispo is, give or take a few miles, one of the closest cities that is near the midway point between Los Angeles and San Francisco. Given the events of the NBA’s offseason, it’s not hare to imagine national reporters are going to be spending a lot of time in California next season, bouncing back and forth between the Bay and L.A. Catch LeBron James and the Lakers on Wednesday and then, Stephen Curry, Kevin Durant and the Warriors on Thursday. The Western Conference only got stronger and deeper with James leaving Cleveland for a second time, this time to go to the Lakers. Add four of the top five Draft picks -- including No. 1 overall selection Deandre Ayton (Phoenix Suns), No. 2 pick Marvin Bagley III (Sacramento Kings) and international phenom Luka Doncic (No. 3 pick, acquired by Dallas Mavericks) -- going to Western Conference teams, and the talent disparity between conferences only seems greater. But did Eastern Conference teams take advantage of Cleveland deflating to make their teams better? And how effective were West teams in making their teams better prepared to at least compete with the Warriors? That’s where this year’s Offseason Rankings come in -- big, bold, definitive. You love them, if the amount of hate tweets and e-mails I get after they’re published are any indication. Every year, we rank how all 30 teams have done since the end of their respective seasons. We look at everything -- how they drafted, what trades they made, what players they signed in free agency, and for how much -- or if they didn’t participate in free agency much at all. We look at if they’ve changed coaches, executives, owners, or if they’re moving into a new building that can generate big revenues. And you have to decide which ones you liked the most. Here's what these rankings ARE NOT: A predicted order of finish for next season. It's an opinion that seeks to answer a question: is the team better now than at the end of last season? The ranking reflects the belief on whether, and how much, that is so. (I liked certain guys who were in the Draft more than others, so if your team took them, I probably weighed it more positively. Doesn't mean I'm right.) I do not expect the Suns, for example, to have a better record than the Celtics, just because they had a better summer. It is not a ranking of the teams in order from 1 through 30 right now; I do not believe the Mavericks are now a better team than Rockets. This is just one person’s opinion about offseason moves -- offseason moves only. Is your team better now than it was before? - If your team is ranked in the top 10, it doesn't mean I love your team.       - If your team is ranked in the bottom 10, it doesn't mean I hate your team. It's an opinion that seeks to answer a question: is the team better now than at the end of last season? The ranking reflects the belief on whether, and how much, that is so. (I liked certain guys who were in the Draft more than others, so if your team took them, I probably weighed it more positively. Doesn't mean I'm right.) What plays into the rankings: - This isn’t science. It’s an educated guess, weighing the impact both of the Draft and free agency, but also assessing whether teams got value in their free-agent signings. Overpaying the right player is as much a sin as signing the wrong player. A good new coach can coax some more wins out of a roster. But if a team’s players don’t believe in the system their team uses, the best Xs and Os on earth don’t matter.       - Teams that are rebuilding obviously have different priorities than teams making a championship push. That's factored in. So Chicago, for example, gets credit for adding young, affordable players as it stockpiles its talent -- but that talent has to fit together, as Wendell Carter Jr. does with Lauri Markannen. And a team like the Warriors that shows it’s willing to go deep into the luxury tax -- which most teams try to avoid -- in order to keep winning has to be commended, and its rankings reflect that commendation.       - Continuity matters here as well. The most successful teams usually not only identify a core group of players, they keep them together for a while, finding that sweet spot: everyone doesn’t get a max contract, but most get paid well enough to keep the train moving down the tracks. That reflects both good roster construction and good financial management -- and, again, is rewarded. The explosion in the cap means everyone has to spend; keeping your powder dry for another day doesn’t have as much cache as it used to. But you still have to manage your money wisely. Salary numbers, with a couple of exceptions, come from Basketball Insiders, whose Eric Pincus does the best job of anyone in the game of keeping track of all the moving financial parts, quickly and accurately -- which is why we use him at NBA TV during the Draft and free agency to tell us what the hell this all means. The Top 10 * * * 1. OKLAHOMA CITY THUNDER 2017-18 RECORD: 48-34; lost in first round ADDED: G/F Timothé Luwawu-Cabarrot (acquired from Sixers); G Hamidou Diallo (No. 45 pick, 2018 Draft); G Devon Hall (No. 53 pick, 2018 Draft); F Kevin Hervey (No. 57 pick, 2018 Draft); F Abdel Nader (acquired from Celtics); C Nerlens Noel (two years, $3.7 million); G Dennis Schröder (acquired from Hawks) LOST: F Carmelo Anthony (traded to Hawks); F Nick Collison (retired); C Dakari Johnson (traded to Magic); G Rodney Purvis (traded to Celtics) RETAINED: G Raymond Felton (one year, $2.3 million); F Paul George (four years, $136.9 million); F Jerami Grant (three years, $27.3 million) THE KEY MAN: G Andre Roberson. This is real simple: with Roberson on the court last year, OKC’s opponent offensive rating was 99.2; when he was off, it was 110.7. The Thunder was a near-elite defensive unit when Roberson played and was awful when he didn’t. His Real Defensive Plus-Minus, per ESPN.com, was 4.34, second only to Utah’s Rudy Gobert (5.06). So when Roberson ruptured his patellar tendon in late January, the Thunder’s ability to use George as a weakside defender who could freelance and use his length to create deflections and turnovers (because Roberson had the strong side absolutely locked down) went away. Any chance the Thunder has next season to compete at the highest levels in the West will depend on the 26-year-old Roberson’s recovery and return to the lineup. THE SKINNY: None of us -- none -- thought George was going to stay in OKC. And we all thought Sam Presti and the Thunder were crazy for trading for him last year, because it was just going to be a one-year rental and he was going to be off to the Lakers in 12 months, and OKC would have nothing to show for its deal. But George’s presence helped convince Russell Westbrook -- also long rumored to eventually head back to Cali -- to sign a long-term deal with the Thunder. And OKC’s acquisition of Carmelo Anthony helped convince George that the Thunder was all in on competing. And even though OKC went out in the first round of the playoffs to Utah, its year-long courtship of George and his family paid off when PG-13 spurned L.A. once and for all to stay in the 405. Anthony ultimately wasn’t a good fit, but he brought back Schroder, who will give Billy Donovan a dynamic scorer off the bench that can give Westbrook a blow and keep OKC’s offense from immolating when Westbrook is on the bench, a common malady the last two years. The Thunder has been relevant in an incredibly small market now for almost a decade. With George and Westbrook and Steven Adams and, now, Schroder, all signed up through 2021, that remarkable run will continue for some time. 2. LOS ANGELES LAKERS 2017-18 RECORD: 35-47; missed playoffs ADDED: F Michael Beasley (one year, $3.5 million); F Joel Berry II; F Issac Bonga (No. 39 pick, 2018 Draft); G Jeffrey Carroll; F LeBron James (four years, $153 million); C JaVale McGee (one year, $1.4 million); G Sviatoslav Mykhailiuk (No. 47 pick, 2018 Draft); G Rajon Rondo (one year, $9 million); G Lance Stephenson; F Mo Wagner (No. 25 pick, 2018 Draft) LOST: C Thomas Bryant (waived); G Tyler Ennis (waived); F/C Channing Frye (signed with Cavs); C Brook Lopez (signed with Bucks); F Julius Randle (signed with Pelicans); G Isaiah Thomas (signed with Nuggets) RETAINED: G Kentavious Caldwell-Pope (one year, $12 million); G Travis Wear THE KEY MAN: F Brandon Ingram. The third-year man should be the major beneficiary of James’ presence going forward. Driving lanes previously clogged with defenders should now be runway clear. Opponents who previously could close out strong on Ingram will now have their attention elsewhere. Ingram need only look at James’ last stop: per NBA.com/Stats, among players leaguewide who appeared in at least 60 games last season, three Cavaliers -- Kyle Korver, J.R. Smith and Cedi Osman -- were among the top 20 in the league in lowest frequency of having their closest defenders within two feet of them, meaning James created many wide open looks for teammates all season. Ingram vastly improved his range last season over his rookie one, shooting 39 percent on 3-pointers. But he only attempted 1.8 threes per game last season. That number will surely skyrocket in 2018. Ingram must ready to take advantage. That will make him that much more deadly as a driver. THE SKINNY: Team president Magic Johnson was tasked with landing a whale in free agency, and he and GM Rob Pelinka bagged Moby Dick in James. Their subsequent free agent moves once Paul George opted to stay in Oklahoma City were all short-term plays with an eye toward the promising 2019 free agent class, which include the likes of All-Stars Klay Thompson, Kemba Walker and DeMarcus Cousins. But that doesn’t mean Lake Show ’18 isn’t going to be the rip-roaringest circus this side of your standard Ozzy Ozbourne tour. What’s the over-under on the first time Rondo cusses out coach Luke Walton, or when we hear of a “spirited practice” that is code for “Lance ‘bowed ‘Bron in the neck and Walton sent everyone home”? The Lakers could be in The Finals or out in the first round, but what they decidedly will not be is boring. 3. DENVER NUGGETS 2017-18 RECORD: 46-36; missed playoffs ADDED: F Michael Porter Jr. (No. 14 pick, 2018 Draft); G Isaiah Thomas (one year, $2 million); F Jarred Vanderbilt (No. 41 pick, 2018 Draft); C Thomas Welsh (No. 58 pick, 2018 Draft) LOST: F Darrell Arthur (traded to Nets); F Wilson Chandler (traded to 76ers); F Kenneth Faried (traded to Nets); G Isaiah Whitehead (waived) RETAINED: G Will Barton (four years, $53 million); G/F Torrey Craig (two years, $4 million); C Nikola Jokic (five-year, $147.7 million contract extension) THE KEY MAN: G Jamal Murray. Denver ended all pretense that the full-time point guard job wasn’t his last season and his second-year numbers were very encouraging. Among regularly playing (60+ games) floor generals, per NBA.com/Stats, Murray’s .577 True Shooting Percentage ranked only behind D.J. Augustin, Kyrie Irving, Darren Collison and Kyle Lowry. No one doubts the still-just-21-year-old Murray can fill it up, and that the Nuggets don’t need a classic ball distributor to light up the Pepsi Center scoreboard. But they do need to get more credible defensively. So does he. THE SKINNY: A great offseason for the Nuggets, who did what they said they would -- keep Jokic off the market next summer -- while clearing roster spots and minutes with two trades, and simultaneously reducing their luxury tax bill for 2019. (The Chandler trade to the Sixers also created an enormous $12.8 million trade exception for Denver through August of 2019.) Jokic should anchor one of the most athletic starting quintets in the game -- along with Jamal Murray, Gary Harris, the re-signed Barton (penciled in for now as the starting three) and Paul Millsap. the Nuggets didn’t add much at the defensive end, which was their Achilles’ heel the last couple of seasons and the main reason they didn’t make the playoffs in 2017-18. Denver opted to strengthen a strength by bringing in Thomas, who’ll be in prove-it mode next season on a short deal with a coach that he knows from their Sacramento days in Mike Malone. Look for Malone to unleash Thomas on second units throughout the West. Porter Jr. was worth a flier at 14; he was the consensus likely first pick in the Draft a year ago, before his back injury took him out of all but a couple of games in his one season at Missouri. Denver can give him the entire year to rehab from two surgeries, the latest last week, and reset his clock for 2019-20. 4. GOLDEN STATE WARRIORS 2017-18 RECORD: 58-24; won NBA Finals ADDED: C DeMarcus Cousins (one year, $5.3 million); F Jacob Evans (No. 28 pick, 2018 Draft); F Jonas Jerebko (one year, $2.1 million); G Damion Lee LOST: C JaVale McGee (signed with Lakers); C Zaza Pachulia (signed with Pistons); Head of Physical Performance and Sports Medicine Chelsea Lane (went to Hawks) RETAINED: F Kevin Durant (two years, $61.5 million); F Kevon Looney THE KEY MAN: Brett Yamaguchi, Director of Game Operations/Entertainment, Oracle Arena. One doesn’t envy Yamaguchi, whose tasks will be twofold next season: create lifetime memories for the loudest and most loyal fanbase in the league, as the Warriors play their final season at Oracle Arena (aka Roaracle) -- they’re moving into the Chase Center, their tony new digs across the Bay in downtown San Francisco, come 2019-20. And, provide atmosphere and sizzle that will help coach Steve Kerr keep his veteran core from being bored out of its collective mind during the regular season while it waits for the playoffs and a chance at a three-peat. THE SKINNY: So, sure, the best team in the league adds one of the top two or three big men in the game in Cousins. But that’s the ancillary benefit of having such a dominant organization; everyone wants to figure out a way to get to the Bay. Cousins took less money to do so; now he can take his time rehabbing his torn Achilles tendon. If that means he’s not all the way back until All-Star, who cares? The Warriors will roll Kevon Looney, Jordan Bell and Jonas Jerebko out at the five in non-Death lineups until Cousins is ready. Meanwhile, Kerr has to keep his vets, but especially Andre Iguodala and Shawn Livingston, off their feet as much as possible during the regular season so they’ll be good to go from April through June. Losing Iguodala for the bulk of the 2018 Western finals was almost the Warriors’ downfall. 5. MEMPHIS GRIZZLIES 2017-18 RECORD: 22-60; missed playoffs ADDED: F Kyle Anderson (four years, $37 million); G Jevon Carter (No. 32 pick, 2018 Draft); F Omri Casspi (one year, $2.3 million); F Jaren Jackson Jr. (No. 4 pick, 2018 Draft); C Dakari Johnson (acquired from Magic); G Garrett Temple (acquired from Kings) LOST: C/F Deyonta Davis (traded to Kings); G Tyreke Evans (signed with Pacers); F Jarell Martin (traded to Magic); G Ben McLemore (traded to Kings) RETAINED: Coach J.B. Bickerstaff THE KEY MAN: G Mike Conley. It’s no secret how vital Conley is to the franchise, so a return to form is vital for the veteran point, who’ll be 31 on opening night and who missed 70 games last season with a heel injury. Next season will be the third of Conley’s five-year, $150 million deal signed in 2016; remember when so many people thought the world would end when a small market like Memphis invested so much in him? Well, Conley has already dropped to fifth in the league in salary among point guards, behind Stephen Curry Curry, Chris Paul, Russell Westbrook and Kyle Lowry. He’ll fall even further down the list next season, when John Wall’s massive extension kicks in, and Kyrie Irving and Kemba Walker each get new contracts that could leap his. THE SKINNY: Memphis couldn’t have had a worse 2017-18 if it tried, and the Grizzlies compounded their on-court implosion by not trading Evans when everyone in the league -- seemingly, except for them -- knew he was going to walk in the summer if they didn’t. But, the Grizzlies’ front office recovered in a big way, selling the 18-year-old Jackson that he would fit right in despite not working out for the Grizz before the Draft, then doubling up on “Grit And Grind 2.0” by taking Carter, college basketball’s fiercest on-ball defender, in the second. Ownership was willing to let the front office use the full mid-level exception on Anderson, who isn’t the sexiest pickup to many fans but whose defensive numbers in San Antonio were outstanding. Temple is the ultimate good vet and locker room guy who will get a chance to play for Bickerstaff after the Kings opted to go with their young guys and he was likely out of the rotation. GM Chris Wallace was adamant that the Grizzlies could rebuild again around the aging Conley and Marc Gasol and that they wouldn’t trade Gasol after the latter’s difficult relationship with former coach David Fizdale. They did, and they didn’t. 6. PHOENIX SUNS 2017-18 RECORD: 21-61; missed playoffs ADDED: Coach Igor Kokoskov; F Trevor Ariza (one year, $15 million); F Darrell Arthur (acquired from Nets); C Deandre Ayton (No. 1 pick, 2018 Draft); F Mikal Bridges (No. 10 pick, 2018 Draft); F Richaun Holmes (acquired from 76ers); G George King (No. 59 pick, 2018 Draft); G Elie Okobo (No. 31 pick, 2018 Draft) LOST: Former interim coach Jay Triano; F Jared Dudley (traded to Nets); C Alex Len (signed with Hawks); G Elfrid Payton (signed with Pelicans); G Tyler Ulis (waived); F/C Alan Williams (waived) RETAINED: G Devin Booker (contract extension) THE KEY MAN: Ayton. Let’s not bury the lead here: he was the first pick overall for a reason, because he has franchise-turning capability. The Suns don’t need singles or the occasional double any more; they need someone to put them back on the map with big, sweaty, nasty four-baggers, night after night. (cc: mixed metaphor police.) It’s been a minute since Amar’e Stoudemire was at his destructive best, and the list of impactful bigs in franchise history is thin: Connie Hawkins, Alvan Adams, Tom Chambers, Charles Barkley, Stoudemire. Ayton has a chance to be as good as any of them, and better, and he’s a potential stash of Kryptonite down the pike to the Warriors dynasty. THE SKINNY: There’s the makings of a Jazz-like reimaging of the franchise in short order. Kokoskov not only comes from Utah’s staff, but has significant coaching chops outside of Salt Lake City. He’s been coaching since he was 24, and that was 22 years ago. He’s coached both around the world and around the NBA as an assistant and development maven, and he’ll be great at bolstering the confidence of the Suns’ young guys -- including Bridges, a mature and solid rook with collegiate titles from Villianova who’ll be able to grow quietly outside the huge media shadow cast on Ayton. Kokoskov will also make things a lot easier for Devin Booker offensively. But GM Ryan McDonough was also smart enough to surround the kids with some solid vets, starting with Ariza, who will help the Suns again become acquainted with a long-honored NBA concept called “defense.” 7. DALLAS MAVERICKS 2017-18 RECORD: 24-58; missed playoffs ADDED: F Kostas Antetokounmpo (No. 60 pick, 2018 Draft); G Jalen Brunson (No. 33 pick, 2018 Draft); G Luka Doncic (No. 3 pick, 2018 Draft); C DeAndre Jordan (one year, $22 million); C Chinanu Onuaku (acquired from Rockets); F Ray Spalding (No. 56 pick, 2018 Draft); F Ding Yanyuhang; LOST: G Kyle Collinsworth (waived); G Seth Curry (signed with Blazers); G Yogi Ferrell (signed with Kings); F Doug McDermott (signed with Pacers); F Jonathan Motley (traded to Clippers); C Nerlens Noel (signed with Thunder) RETAINED: G/F Wesley Matthews (picked up player option); F Dirk Nowitzki (one year, $5 million) THE KEY MAN: CEO Cynthia Marshall. The former AT&T executive was put in charge after Sports Illustrated’s explosive story last February detailing a toxic workplace for female employees on the team’s business side, with sexual harassment rampant and no relief forthcoming from the supervisors who should have provided it. Marshall has been fast at work changing the business side culture, as separate investigations of who was responsible for allowing the previous environment to fester wind down. After their results are made public, it will be Marshall who will have to both enact their recommendations and sell the public that owner Mark Cuban’s organization has been fumigated for good. THE SKINNY: Dallas is banking that the 19-year-old Doncic is not only the real deal, but that he can come out of the gate in the NBA after starring in Europe and immediately give the Mavs a boost. There’s a large body of work suggesting Doncic will do just that, and accelerate the Mavs’ rebuild. Second-year guard Dennis Smith Jr.’s improvements should also speed up, and Jordan’s presence should start to close the sieve that has plagued Dallas’s defense the last couple of years. Losing both Curry and Ferrell will hurt the Mavs’ guard depth, though, and Brunson won’t be able to work in slowly. 8. INDIANA PACERS 2017-18 RECORD: 48-34; lost in first round ADDED: G/F Tyreke Evans (one year, $12 million); G Aaron Holiday (No. 23 pick, 2018 Draft); F Alize Johnson (No. 50 pick, 2018 Draft); F Doug McDermott; C/F Kyle O'Quinn LOST: C Al Jefferson (waived); G/F Glenn Robinson III (signed with Pistons); G Lance Stephenson (signed with Lakers) RETAINED: G Cory Joseph (picked up player option); F Thaddeus Young (picked up player option) THE KEY MAN: Kevin Pritchard, president of basketball operations. He’s been instrumental in putting this team together -- first as Larry Bird’s assistant, but on his own the last year-plus since Bird left. Now Pritchard will have to deal with not just the expectations last season’s surprising turnaround season will create with fans, but with the incessant calls and texts one receives when one has a team in which six players among the team’s core are on one-year deals and free agents next summer. It is extremely difficult for a team so constituted to stay unified and keep pulling on the rope together. Human nature is human nature, and players (and their families, and their agents) need reassurances they’re part of the organization’s future, just like any drone from Sector 7G would. It’s hard to think about sacrificing minutes and shots when almost players are judged by are their numbers. Nate McMillan, meanwhile, is only concerned, as any coach is, with the game in front of him, tonight. Pritchard’s phone will rarely have an hour off next season. THE SKINNY: What does a team that surprised so many last season need? More depth, because there aren’t going to be a lot of nights off going forward. The Pacers filled in nicely with a bunch of under-the-radar players, getting Evans after a bounce-back season in Memphis and O’Quinn after good years in New York. McBuckets is running out of stops to show he can be a key contributor in the NBA, but everything is tailor made for him to succeed here: he’ll have all the space in the world playing alongside Victor Oladipo, Bogdanovic and/or Myles Turner, depending on the lineup. Holiday was very good value at 23 in the first round. And Oladipo is on his grind. The Pacers are as big a threat as anyone to Boston’s assumed ascension in the post-LeBron East. 9. NEW YORK KNICKS 2017-18 RECORD: 29-53; missed playoffs ADDED: Coach David Fizdale; G Mario Hezonja (one year, $6.5 million); G Kevin Knox (No. 9 pick, 2018 Draft); C Mitchell Robinson (No. 36 pick, 2018 Draft); F Noah Vonleh (one year) LOST: Former coach Jeff Hornacek; F Michael Beasley (signed with Lakers); C/F Kyle O'Quinn (signed with Pacers); F Troy Williams (waived) RETAINED: G Ron Baker (picked up player option); F/C Luke Kornet; C Enes Kanter (picked up player option); THE KEY MAN: F Kristaps Porzingis. It’s unlikely Porzingis will play much, if at all, next season, as he rehabs his torn ACL suffered in February. New York will be extremely cautious with a timeline, and in Porzingis’ absence, if more losing brings more figurative ping pong balls the Knicks’ way … well, they won’t complain about that, either. None if it matters if “The Unicorn” doesn’t regain his form, though. So much of the Knicks’ 2018-19 improvement, or regression, will take place off camera. THE SKINNY: Fizdale won’t have a mandate to try and win with a veteran team in his first season in New York, as was the case in his year-plus in Memphis. So he can implement his position-less/fitness regimen with the young Knicks without looking over his shoulder. New York’s planning for 2019, when it hopes to strike in a big way in free agency, but that doesn’t mean next season won’t be important. Knox will have a lot of light on him, especially after playing well during NBA Summer League, but the Knicks truly believe Robinson will make some contributions this season with his significant physical gifts. Both must continue changing the narrative in Gotham that the team’s new braintrust is rebuilding the brand the right way -- slowly, and correctly. Hezonja was a good low-cost flier for New York who’ll give Fizdale some small ball options. Hezonja came on strong the second half of last season for the Magic, who hadn’t picked up his third-year option and were hamstrung in what they could offer him as a result. 10. SAN ANTONIO SPURS 2017-18 RECORD: 47-35; lost in first round ADDED: G Marco Belinelli (two years, $12 million); F Dante Cunningham (one year, $2.5 million); G DeMar DeRozan (acquired from Raptors); C Jakob Poeltl (acquired from Raptors); G Lonnie Walker IV (No. 18 pick, 2018 Draft); F Chimezie Metu (No. 49 pick, 2018 Draft) LOST: F Kyle Anderson (signed with Grizzlies); G Danny Green (traded to Raptors); F Kawhi Leonard (traded to Raptors); F Joffrey Lauvergne (signed with Fenerbahce); G Tony Parker (signed with Hornets); G Brandon Paul (waived) RETAINED: C/F Davis Bertans (two years, $14.5 million); G Bryn Forbes (two years, $6 million); F Rudy Gay (one year, $10 million) THE KEY MAN: Coach Gregg Popovich. There is no way to tell, nor is it really anyone’s business, how Pop will cope with the loss of his wife Erin, who died in April during the Spurs’ first-round series with Golden State. But the NBA grind is an unforgiving one, and Popovich is adding Olympic team coach duties to an already taxing schedule. He knows best how he’s doing and you can only hope he listens to himself when or if he needs time away. THE SKINNY: Backed up against it with Leonard’s still-murky insistence for a divorce, the Spurs did as well as could be expected in getting a four-time All-Star who’ll play with a huge chip on his shoulder next season. DeRozan will certainly help San Antonio extinguish the offensive droughts that came when teams loaded up on LaMarcus Aldridge defensively. LA was sensational for long stretches last season, making second team All-NBA for the second time in his career. Belinelli, rookie Walker and Poeltl should lengthen San Antonio’s bench significantly and reduce the Spurs’ dependence on nightly brilliance from 40-year-old Manu Ginobili, if he comes back for a 17th season. Longtime NBA reporter, columnist and Naismith Memorial Basketball Hall of Famer David Aldridge is an analyst for TNT. 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 NewsAug 8th, 2018

PH growth to stay unchanged at 6.7%

IMF keeps 2018 forecast, trims 2019 estimate Philippine economic growth will likely hit 6.7 percent this year and the next — unchanged from 2017 — on the back of strong consumption and investments, the International Monetary Fund (IMF) said following the conclusion of an annual validation of the country’s prospects. “The Philippine economy continues to [...] The post PH growth to stay unchanged at 6.7% appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 25th, 2018

OECD: Agri growth in PH still slow amid strong financial buffer

Among emerging economies, the Philippines had one of the highest rate of support to its farmers in the last three years, a report showed.   In its latest agricultural evaluation, the Organization for Economic Cooperation and Development (OECD) said the country gave out the biggest support to the sector at an average of 26 percent of the country's total gross farm receipts for 2015 to 2017.   This is higher than the OECD average of 18 percent and one of the highest among all emerging economies covered by the report, which included Brazil, Chile, South Africa, Thailand, Mexico, Malaysia, India and Indonesia, among others.   The dominant form of support to t...Keep on reading: OECD: Agri growth in PH still slow amid strong financial buffer.....»»

Category: newsSource:  inquirerRelated NewsJul 13th, 2018

Sharper focus towards sustained profitability

Anchor Land was able to sustain strong profitability and asset growth in 2017 by taking advantage of the country's strong macroeconomic fundamentals, driven mainly by an impressive GDP growth.....»»

Category: newsSource:  philippinetimesRelated NewsJun 30th, 2018

PBA: NLEX still clinging to flicker of hope remaining

With a 2-7 record, the NLEX Road Warriors' playoff hopes are getting slimmer by the minute. However, for coach Yeng Guiao, NLEX will still be trying to hold on to a 'flicker of hope remaining,' if they could win their remaining games against San Miguel and Magnolia, and hope for the best to force a tie at the bottom of the playoff picture. The 11th-seeded NLEX were able to make things interesting in the third quarter, taking a four-point lead briefly against the top-seeded Aces before collapsing in the final quarter. Even though they were not able to last against the Aces, Guiao commended his wards for making the game competitive up until the buzzer, a trait he wants to see the rest of the way. "If we're not lucky enough to make the playoffs this conference we’ll play as hard as we can the last two games and we’ll consider that as preparation for the  next conference...Baka may ano pa, baka-maka-tie ka pa. Meron ka pang playoffs ano? There's still a ficker of hope remaining, so we will hang to that." The six-time PBA champion coach was impressed with Mac Tallo's NLEX debut, who contributed 11 points, 3 assists, 3 steals, and 2 two blocks in his first game in six months, recovering from latent tuberculosis. He also let go of Tallo's blunders, who gave away the ball four times, but he vows to give a strong piece of his mind in the following games. "We have to demand something better out of his judgment, out of his decision-making, I think that will happen ano? Because MVP to sa Cebu, he's a go-to-guy, he can score, he can pass, he's a creator no for the team. And that's exactly what we need even without Kiefer and Kevin." As another project seen by the longtime coach, Guiao sees a combination of former Red Bull guard and Cebu teammate Jimwell Torion and the body structure of former league MVP Willie Miller. "He’s a strong point guard who can withstand a physical game," he said of the comparison for the first-round pick in the 2017 PBA Rookie Draft. Despite trying to fill the shoes of the backcourt of Kiefer Ravena and Kevin Alas, the NLEX mentor is not putting expectations for Tallo, already entrusting him with almost 20 minutes of playing time. "Wala akong pressure sa kaniya. I just want his natural game to develop, I just want him to be able to grasp the system of the team and the philosophy. Kaya binabad ko na siya today." __   Follow this writer on Twitter, @philipptionary......»»

Category: sportsSource:  abscbnRelated NewsJun 15th, 2018

Dub Dynasty: Warriors sweep Cavs for second straight title

By Tom Withers, Associated Press CLEVELAND (AP) — Golden State. Golden still. Stephen Curry scored 37 points, NBA Finals MVP Kevin Durant added 20 and a triple-double and the Warriors stamped themselves a dynasty after winning their second straight title and third in four years Friday night (Saturday, PHL time), 108-85 over the Cleveland Cavaliers to complete a sweep and perhaps drive LeBron James from his home again to chase championships. Overcoming obstacles all season long, the Warriors were not going to be denied and won the fourth straight finals matchup against Cleveland with ease. "This is so hard to do and doing it three out of four years is incredible," guard Klay Thompson said. It was the first sweep in the NBA Finals since 2007, when James was dismissed by a powerful San Antonio team in his first one. His eighth straight appearance didn't go well either, and now there's uncertainty where the superstar will play next. James finished with 23 points and spent the final minutes on the bench, contemplating what went wrong and maybe his next move. Act IV between the Warriors and Cavs featured a drama-filled and controversial Game 1. But from there on, Durant, Curry, Thompson, Draymond Green and the rest of this California crew showed why they're the game's gold standard. And they may stay that way. "Can't get enough of this feeling so we're going to celebrate it together," Curry said. Not wanting to give the Cavs or their fans any hope despite the fact that no team has ever overcome a 3-0 deficit in the NBA playoffs, the Warriors built a nine-point halftime lead when Curry ignored a closeout by James and dropped a three-pointer. Then the league's best team tightened the screws on Cleveland in the third quarter, outscoring the Cavs 25-13 and prompting Golden State fans to begin those drawn-out "War-eee-orrss" chants that provide a perfect musical accompaniment to their three-point barrages. By the start of the fourth quarter, the only question was whether Curry would win his first NBA Finals MVP or if it would go to Durant for the second year in a row. And again, it was Durant, who added 12 rebounds and 10 assists — more satisfaction and validation for a player who couldn't beat the Warriors so he joined them. After surviving a rougher-than-usual regular season and beating top-seeded Houston in Game 7 on the road in the Western Conference finals, the Warriors withstood an overtime scare in Game 1 and joined an elite group of teams to win multiple championships in a four-year span. Only Bill Russell's Boston Celtics, the "Showtime" Lakers and the Los Angeles squad led by Kobe and Shaq, and Michael Jordan's Chicago Bulls have been as dominant in such a short period of time. The Dub Dynasty. The path to this title was more precarious than the first two for coach Steve Kerr and the Warriors, who overcame injuries, expectations, a built-to-dethrone-them Rockets team and the brilliance of James, who scored 51 points in the series opener and carried a Cavs team from the beginning of their rollercoaster season until the end. It may have been the final game in Cleveland for the 33-year-old, who is expected to opt out of his $35.6 million contract for 2019 next month and become a free agent. James was pulled from the game with 4:03 left, and he slapped hands with the Warriors before heading to the bench. He plopped down in a chair and draped a towel over his broad shoulders, looking like a boxer on a corner stool. James averaged 34 points, 8.5 rebounds and 10 assists in the series, but as has been the case in the past, he didn't have enough help. Another Summer of LeBron is officially underway and there are already teams stretching from Philadelphia to Los Angeles hoping to land the three-time champion, who may have to go elsewhere to put together a cast strong enough — and as James made clear this week, smart enough — to bring down the Warriors. Right now, the Warriors are on another tier and with Durant expected to re-sign with them in weeks and Curry, Thompson, Green and the rest still young and hungry, their reign could last much longer. Heading into the playoffs, the Warriors appeared vulnerable. There were lingering questions about Curry's sprained left knee that sidelined him for almost six weeks and kept him out of Golden State's first-round series against San Antonio. Kerr was forced to mix and match lineups, and it became obvious the Warriors weren't going to go 16-1 and storm their way to a title like they did in 2017, when their only postseason loss came in Game 4 after the Cavs made 24 three-pointers. Kerr used 27 different starting lineups during the regular season, which ended with a head-scratching 40-point loss to Utah. The Warriors began defense of their title as a No. 2 seed and their season was in serious jeopardy when they fell behind 3-2 to presumptive MVP James Harden and the Rockets. But Golden State, catching a break when Houston star guard Chris Paul was forced to sit with a hamstring injury, showed a champion's poise by winning two straight. That set up another reunion with James and the Cavs. Maybe the last. TIP-INS Warriors: Curry made a three-pointer in his record 90th consecutive postseason game and extended his mark for three's in road playoff games to 44. ... Green is the only visiting player to post a triple-double in the playoffs at Quicken Loans Arena, doing so in Game 6 of the 2015 finals. ... Became the ninth team to sweep a finals and first to win consecutive titles since James did it with Miami in 2012 and 2013. ... Golden State has won a road game in 19 straight playoff series, tying the Heat's NBA record. ... With his 43-point performance in Game 3, Durant joined Jordan and Shaquille O'Neal as the only players to score at least 25 points in their first 13 finals games. Cavaliers: Appeared in its 26th NBA Finals game, moving past Atlanta/St. Louis into 10th place all-time. ... James averaged 34 points in his 13th postseason, his second-highest total. BROWN OUT Longtime network broadcaster Hubie Brown injured his knee while sitting courtside preparing before the game. He was treated by a medical staff on site and taken to the hospital. The 84-year-old Brown was replaced on the radio broadcast by Jon Barry. Brown was working his 17th NBA Finals......»»

Category: sportsSource:  abscbnRelated NewsJun 9th, 2018

Home Credit posts sharp rise in receivables in 2017

Prague-based fintech company Home Credit Philippines has reported a threefold jump in receivables to P14 billion in 2017 from P4 billion in 2016 as it continues to book strong growth five years after its entry into the country......»»

Category: financeSource:  philstarRelated NewsMay 29th, 2018

Eduard Folayang and his familiar path to glory

Eduard Folayang has been here before. Back in 2014, after racking up back-to-back wins in in a span of half a year, the Team Lakay star was slowly building a name for himself as a top-tier contender in ONE Championship’s lightweight division. A third straight win would have possibly put him in the title picture. And then, he ran into Russian Timofey Nastyukhin. A sequence that will forever be burned in the minds of Filipino MMA fans, Nasytukhin dropped Folayang with a well-timed flying knee to the jaw, and then finished it off with a crushing soccer kick, back when soccer kicks were allowed. While it wasn’t Folayang’s first stoppage loss, it was arguably his most violent to date. The Filipino MMA star lay motionless in front of a Filipino crowd at the Mall of Asia Arena. It took Folayang over a year before he made his return, a decision win over Tetsuya Yamada. That win would set Folayang on his path to the ONE Lightweight Word Championship, one of the most celebrated stories in MMA in the past couple of years. Roughly three years removed since his knockout loss to Nastyukhin at the Mall of Asia Arena, it would seem like a cruel repetition of history, as Folayang would once again find himself staring up at the MoA Arena lights in late 2017. Folayang, a single day away from celebrating his one-year anniversary of being a ONE world champion, saw his spot at the top of the lightweight division taken away with one, well-timed overhand right, courtesy of Martin Nguyen. Nguyen made history that night at the expense of Folayang, becoming ONE Championship’s first ever two-division world champion. For the Pinoy MMA hero, it was another setback, not unlike the many he’s faced through the course of his career.   The Road to Redemption No matter what other people said, those who knew him knew he’d be back, and one of those whose believe never wavered was that of ONE Championship Chairman and CEO Chatri Sityodtong, saying that this is just the start of Folayang's journey.  So finally, when it was announced that Folayang would indeed be coming back to the cage, it was a big deal. Immediately, it was clear that redemption was on the former champion’s mind. “Yun naman ang nagpapa-sarap sa isang life story, yung paano ka mag-rise after you fall, and it adds a lot of spices sa life if ganun ulit yung mangyayari, although syempre may different versions yung story ng bawat isa sa atin, and I’m still looking forward on my redemption in this upcoming fight.” Folayang said. Folayang’s return was set for May, in one of the most-stacked ONE cards of the year, and even with three world title bouts featuring the biggest ONE Championship stars also on the card, Filipino fight fans’ eyes were on Folayang’s highly-anticipated return.   Parallel Experiences With 25 professional bouts under his belt, Eduard Folayang isn’t new to the game, by any means. From fighting in front of small crowds to main eventing a packed Singapore Indoor Stadium for the world title, Folayang has seen it all and done it all, that’s why pre-fight jitters isn’t expected to be an issue for a fighter the caliber and experience of ‘The Landslide.’ And while it wasn’t so much as jitters, Folayang admits that he had a lot going through his head in the days leading up to his comeback fight. “Yung siguro sa akin lang, andaming pumapasok sa isipan ko, hindi mo maiiwasan yung mga ‘what ifs’ mga paano kung natalo ulit ako dito, ganun,” Folayang told ABS-CBN Sports. Having already been in this situation before, Folayang added that it was indeed a big help being able to look back at a parallel experience. “Oo naman, nakatulong, kasi looking back noong 2014, nung na-knockout din ako kay Timofey, tapos yung same feeling nung kakalabanin ko ulit nung 2016 si Tetsuya Yamada, andaming tumatakbo sa utak, mas lalo na since naging champion ako, syempre hindi mawawala yung expectations ng tao and andyan na yung mga bashers e, naka-ready na sila. So the best thing to do is dapat maging mentally strong and accurate sa pagpapatupad ng gameplan para manalo.” And implement a gameplan successfully, he did.   The Comeback Against an undefeated grappler in Russian Kharun Atlangeriev, Folayang was visibily patient and picked his shots while shrugging off takedown attempts to earn the unanimous decision win. “Yun yung isa sa mga nakita ko na parang naging cautious ako, siguro yung thinking na talagang parang masyadong worth yung game, as much as possible talaga, hindi mo na iniisip na maging fancy  yung fight, mas nananaig yung goal mo na manalo.” Folayang said of his performance against Atlangeriev. “Siguro yun yung isa sa mga pinaka-reason kung bakit medyo naging conservative yung approach ko sa fight, at saka napansin ko din, although gusto ko mag-all out, very passive yung kalaban eh, hindi mo alam kung ano yung iniisip niya, yun din yung isa sa mga naging reason.” Folayang went on record and gave himself a three out of five rating in his comeback fight. While ultimately he was happy with the result, the Baguio City native believes that he could have done way more, and that’s what he intends to do in the future. “Masaya, although sa akin I believe I can do much better, syempre ngayon comeback fight kasi kaya andyan palagi yung pressure, the more we learn a lot of lessons, the more na magiging maganda yung adjustment natin for the upcoming bouts na dadating.” Step one of the comeback was complete.   Second Shot at Glory And again, Eduard Folayang finds himself on the comeback trail. The 34-year old Team Lakay star has successfully bounced back from a loss, but arguably more important now is what lies ahead. With the win, Folayang is on his way, if not already back in the title picture, and if you ask him, he’ll be the first to tell you that he’s ready to get back what was once his. “Parang more na na-boost yung desire ulit para makabalik dun sa nawala sa atin, and hopefully this year, magkaroon ulit ng opportunity para maka-laban for the title.” Fueling the fire even more for Folayang is the fact that after seeing Nguyen’s last two bouts - a unanimous decision loss to ONE Bantamweight World champion Bibiano Fernandes and a split decision win over Christian Lee - he feels he can perform better if given a second go-around. “Especially after panoorin yung last two fights nung tumalo sa akin, parang nasasayangan ba. Feeling ko talaga, mas deserving na ako yung nakahawak, parang ganun yung pakiramdam ko.” Folayang shared. “Parang I could have done better kung hindi lang ako naging careless on one point, and kung na-oversee ko lang talaga na yung strength ko, dun ako papasukin.” While only time will tell whether or not Folayang does get a shot at the title again, whether a rematch or be it against someone else, the former champ is certain that he’s still in this, and he’s hungrier than ever for another taste of glory. “Malakas pa rin eh [yung hunger], it’s just a matter of paano natin alagaan yung career natin, yung health natin, iba kasi, yun din yung kagandahan ng mixed martial arts eh, the more na pumupunta yung age mo, the more na mas nagiging cautious ka, hindi na lang puro lakas yung ilalaban mo kundi parang nagiging wiser ka na din sa approach mo.” “I think yung hunger ko andun parin, I’m still hungry.” Folayang adds. When it’s all said and done, Folayang won’t be happy with just being at the top once and then crashing down after. For the Team Lakay star, there are still chapters to be written as he begins what is hopefully another run towards the pinnacle of the sport. “Yun naman yung gusto natin, hindi yung natapos na yung end ng chapter ng story natin, kundi may mga magaganda and exciting stories pa na maisusulat in that book.” After all, “multi-time world champion” Eduard Folayang has better ring to it, no? “Yun yung gusto natin, mas magandang pakinggan.” Eduard Folayang’s been here before, and if you’ve been paying attention, you know that this is just the start of great things to come......»»

Category: sportsSource:  abscbnRelated NewsMay 28th, 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