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Fitch Solutions cuts Philippine growth forecasts on US-China trade tensions, gloomy global outlook

The Philippine economy will likely expand below the government’s target in 2019 amid external headwinds, according to a Fitch unit that also announced Wednesday a downward revision to its growth outlook on the country......»»

Category: financeSource:  philstarRelated NewsMay 22nd, 2019

‘Q1 GDP opens room for rate cut’

A unit of the Fitch Group said on Friday the lower-than-expected gross domestic product (GDP) the government posted in the first three months of 2019 offered some space for a…READ The post ‘Q1 GDP opens room for rate cut’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 11th, 2019

GT Capital targets single-digit bottom-line growth this year

GT Capital Holdings, Inc. aims to grow its bottom line by mid-single digits in 2019, banking on the recovery of its auto unit and the continued growth of its banking and property businesses......»»

Category: financeSource:  bworldonlineRelated NewsMay 8th, 2019

Fitch unit sees 50 bps rate hike

MANILA, Philippines – The research arm of the Fitch Group expects the Bangko Sentral ng Pilipinas (BSP) to raise interest rates by 50 basis points this year.....»»

Category: financeSource:  philstarRelated NewsDec 31st, 2016

Fitch sees sustained Philippine growth

MANILA, Philippines - BMI Research, a unit of Fitch Ratings, expects an average growth rate of six percent over the next five years for the Philippine econom.....»»

Category: financeSource:  philstarRelated NewsDec 5th, 2016

Ford luxury brand Lincoln considers China production as sales surge

Ford Motor Co's (F.N) luxury unit Lincoln is studying whether to produce cars locally in China, the brand's China chief said on Monday, as its sales surge in the world's largest auto market......»»

Category: newsSource:  mb.com.phRelated NewsOct 11th, 2016

Jollibee sees recovery of China unit

Jollibee sees recovery of China unit.....»»

Category: financeSource:  thestandardRelated NewsSep 12th, 2016

Imported vehicle sales rise 12% in April — AVID

THE Association of Vehicle Importers and Distributors, Inc. (AVID) posted a 12% rise in sales of imported vehicles in April, driven by demand for light commercial vehicles and passenger cars......»»

Category: newsSource:  bworldonlineRelated NewsMay 23rd, 2019

DTI-CITEM Eyes P10.5B Sales in IFEX Philippines NXTFOOD ASIA

Two hundred two million dollars or more than 10.5 billion pesos worth of export and domestic sales are expected to be generated by around 657 local and international food exhibitors in the upcoming 13th edition of IFEX Philippines on May 24-26, 2019 at the World Trade Center Metro Manila (WTCMM) and the Philippine Trade Training […].....»»

Category: newsSource:  metrocebuRelated NewsMay 23rd, 2019

Fitch unit downgrades growth forecast to 5.9%

Fitch unit downgrades growth forecast to 5.9%.....»»

Category: financeSource:  thestandardRelated NewsMay 22nd, 2019

Alibaba execs coming to Davao Icon

DAVAO CITY (MindaNews/22 May) – Top executives of Alibaba Cloud International, a business unit of Alibaba Group owned by Jack Ma will grace the two-day Davao Investment Conference (Davao ICon) here next month. During Wednesdays’ Habi at Kape, Dr. Maria Lourdes G. Monteverde, Davao ICon 2019 chairperson and Davao City Chamber of Commerce and Industry […].....»»

Category: newsSource:  inquirerRelated NewsMay 22nd, 2019

Fitch unit: Bangko Sentral to ease monetary policy further

The Bangko Sentral ng Pilipinas will likely cut its policy rate by the end of the year following a similar move this month, which came “sooner than expected,” a Fitch unit said.....»»

Category: financeSource:  philstarRelated NewsMay 22nd, 2019

Whirl’d Cup 2019 draws 27 teams, 550 players

MANILA, Philippines —While summer calls to mind a long, relaxing vacation, most Filipinos see the season as a great time to make plans with their friends or even a good time to get active and enjoy the outdoors. For Jamba Juice, summer is not just a good time to start enjoying a healthful and active routine, but to also blend this passion with finding and bonding with a community. To encourage more Filipinos to embrace and enjoy a healthful lifestyle, Jamba Juice hosted the second edition of Whirl’d Cup, a two-day mixed (read: co-ed) Ultimate Frisbee tournament organized with JMJ Sports Training Services, in partnership with the Philippine Flying Disc Association. Whirl’d Cup 2019 happened last May 11-12, 2019, at the Ayala Alabang Country Club. Over 550 players and 27 teams participated in the tournament, which was open to first-timers, regulars, and veteran players, with no age limits or other requirements. Aside from the matches, Ultimate regulars and newer players alike also tested their athletic prowess and worked up a sweat at the Whirl’d Cup Skills Challenge Games. “At Jamba, we believe in blending goodness into every moment. In our stores, we use real whole fruits blended with our juices to create our smoothies, juices, and bowls—whether the combination is unusual or expected—the experience and taste is still great,” shared Jamba Juice Marketing Manager Steph Elumba. “When we looked at Ultimate Frisbee, we saw how the community blended each individual player into one big family. From ages 15 to 50, men and women blended together for a weekend of Ultimate fun and Jamba Juice smoothies.” The Whirl’d Cup also served as a great introduction to Ultimate, a fast-paced, no-contact sport requiring only a disc and a well-lit space to play. The sport has rapidly grown since it was first introduced in the Philippines in the early 2000s, making the local Ultimate community one of the fastest-growing in Asia.   “For us, Ultimate is the sport that best encapsulates our values and our vision for how anyone can live a Better Blended life,” added Elumba. “Ultimate is a great way to blend people of different ages, sexes, professions, and backgrounds in one space, as the sport’s inclusive nature makes it easier for people who share a passion for sports, fitness, and good food and drink to come together.” Beyond introducing more Filipinos to Ultimate, Jamba Juice also provided players with an opportunity to support the sport’s growing community. A portion of the sales from the Jamba Juice food truck, the Fender Blender, will support Pilipinas Ultimate, the national Ultimate team, as they take part in tournaments in Japan and China. “Just as it’s important to nourish our bodies with delicious and nutritious food, we believe that it is important for more Filipinos to enjoy a more inclusive experience of sports. A better you starts with better food (in this case, our smoothies), and when you can tap into the better you, you can help create a better world,” said Elumba. “We hope that more people will be inspired by the Whirl’d Cup, start creating their vision of a healthful life, and get blended into Ultimate’s exciting and fun scene.” To catch up on the highlights of the Whirl’d Cup, check out facebook.com/jambajuiceph/.    .....»»

Category: sportsSource:  abscbnRelated NewsMay 22nd, 2019

Megaworld sees P850-m sales from Pampanga condo

Megaworld sees P850-m sales from Pampanga condo.....»»

Category: financeSource:  thestandardRelated NewsMay 21st, 2019

City to donate 42 cars to 24 barangays; Mambaling to wait a little longer

CEBU CITY, Philippines — The Cebu City Government will be donating at least 42 cars to 24 different barangays after the cars were repaired before the May 13, 2019 midterm elections. However, Barangay Mambaling may not be able to receive the soon-to-be-donated cars because of an existing issue involving two barangay leaders both claiming to […] The post City to donate 42 cars to 24 barangays; Mambaling to wait a little longer appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMay 21st, 2019

Aboitiz power utility in Davao sees bright prospects in 5 years

Davao Light and Power Co., a unit of Aboitiz Power Corp., sees bright prospects in its franchise area in the next three to five years as businesses continue to expand in the region......»»

Category: financeSource:  philstarRelated NewsMay 21st, 2019

Emperador sees foreign liquor sales increasing

Emperador sees foreign liquor sales increasing.....»»

Category: financeSource:  thestandardRelated NewsMay 20th, 2019

It’s Penthel vs Lycans in DBL Finals

Cebu City, Philippines—The reigning champions Lycans will get to defend their crown against Penthel in the finals after the two teams ousted their respective opponents in thrilling fashion in the semifinals of the Duterte Basketball League on Sunday, May 19, 2019, at the Capitol Parish Gym. The Lycans edged Journey to Recovery, 79-77, while Penthel […] The post It’s Penthel vs Lycans in DBL Finals appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMay 20th, 2019

He makes us go : Green elevates Warriors to 3-0 series lead

By Shaun Powell, NBA.com PORTLAND, Ore. — There is nothing Draymond Green failed to do Saturday (Sunday, PHL time) when he helped push the Blazers to the edge and the Warriors to the verge. Here is the checklist of his duties: Dribbler, pace-setter, rescuer, shooter, director, shot blocker, shot-caller and the one that probably escaped most witnesses, psychiatrist. Yes, Dr. Dray suddenly offered his services and sofa when poor Jordan Bell blew a breakaway dunk during a critical moment, just as the Warriors were in the process of flipping an 18-point deficit during their 110-99 victory in Game 3 of the Western Conference Finals. [Watch the Playoffs on NBA League Pass for 30% less with this limited time offer! Select Annual package and use code SAVE30 at checkout to redeem] Bell immediately hung his head as he returned downcourt, and seconds later at the next timeout, he slowly headed toward the Warriors bench with slumped shoulders. But who intercepted him before he could take another step? That’s right, it was Green, famously known for his cool and soothing words in times of crisis. (OK, put the laugh track here.) But seriously … The type of leader every team needs ????pic.twitter.com/Tr3JblKAyX — Warriors on NBCS (@NBCSWarriors) May 19, 2019 “I knew he wasn’t going to lecture me or anything like that,” said Bell. “He just told me that everybody misses dunks, that I shouldn’t worry about it, that mine happened to be an open one, and to keep my head into the game because I’d get another chance.” Bell paused. “I was down here,” he said, lowering his hand, “and he lifted me up here.” And wouldn’t you know, Bell got that next chance minutes later. This time, the dunk was thrown down ferociously and completed with a chin-up that belonged at LA Fitness. We can give Green credit for the 20-point, 13-rebound, career playoff-high 12-assist triple double, and we can give Green partial credit for that second-chance slam, too. That’s more like it JB ???? pic.twitter.com/JUvMfKQDsl — Warriors on NBCS (@NBCSWarriors) May 19, 2019 The man was that multi-layered. “I don’t even know what to say about Draymond,” said Warriors coach Steve Kerr. Once again, Green demonstrated his value to the Warriors in these playoffs with a magnificent all-around game. He left fingerprints all over the Moda Center court and various Blazers' efforts. He was there for the Warriors when nothing else worked, and he was there for the Warriors when everything finally began to click and they needed a finishing touch. His desire and will do not show up directly on the stat sheet, yet those elements made the victory possible. The Warriors won for the fourth straight game without Kevin Durant and are one more away from reaching the NBA Finals for the fifth straight year. It makes you wonder: As great as Durant is, would the Warriors be more vulnerable if it was Green who were out with a calf strain instead? That question stands valid because the Warriors lack anyone who does what he does. The energy, intensity, floor direction, ability to defend three and sometimes four different positions, as well as the rebounding were all apparent Saturday (Sunday, PHL time) and in heavy doses. They came alongside leadership, evidenced by Green giving Bell a pat on the back during that down moment. Green played Game 3 as a blur, grabbing rebounds, pushing the ball up the floor, creating scoring chances for himself or his teammates and providing help defense that triggered the pace. Green was forceful because Steph Curry and Klay Thompson were 9-for-24 shooting in the first half, at times overwhelmed by the trapping Blazers defense. So Green took it upon himself to make things happen and provide the foundation for a second-half comeback. The Golden State defense held Portland to 13 points in the third quarter, Curry had 11 points in the fourth quarter, and this series simply continued along the same path. “He was the difference-maker,” said Blazers coach Terry Stotts. “His energy, the way he was pushing the ball, he kept them going. He makes his teammates better and defensively he’s all over the place. He impacted the game.” In the third quarter, Green poked the ball loose from Damian Lillard for one of his four steals. At the time, the Warriors were down 12 and in dire need of a jolt. But here’s what was remarkable about the play. Not only did the 6'7" Green stoop and strip one of the NBA's most composed ballhandling point guards (although perhaps not in this series), but he also managed to search for and grab it while it bounced between him and Lillard, then dribbled downcourt without missing a beat. The dexterity, quickness, daring and smarts sets Green apart from others who play his role, or at least try to emulate it. “More than reacting, he acts,” said Warriors assistant coach Ron Adams, who oversees the team’s defensive schemes. “There’s reacting and then there's acting. He’s an actor. He sees things. He’s decisive.” Green is averaging 18 points, 12 rebounds and almost 10 assists across the last two games and those numbers barely tell the real story. It’s just heightened because of Durant’s absence. In those two games, the Warriors trailed Portland by 17 and 18 points and Green was the point man on the rally. He says his main purpose is to give Thompson and Curry a breather from the load and responsibility. With the Blazers throwing traps at those two guards to limit their scoring, Green is forcing Portland to pay him respect. He is, in essence, breaking down Portland’s defense by pushing the ball and directing the attack. “I know I have to be more aggressive,” he said. “I think it’s easy to get (Curry and Thompson) to take more shots, but we can’t put that much pressure on them, so I just take it upon myself to get the tempo where I want it and make plays for other guys as well.” It was no coincidence that six Warriors off the bench managed to get at least one basket with Green directing traffic. And Green managed to play such a high-energy game without making constant mistakes; he had only two turnovers in 38 minutes. “He’s playing with force and he’s playing with discipline,” said Kerr. “He’s playing under control. He’s not letting anything bother him, like officiating, bad shots, he’s just moving on to the next play. From that standpoint, he’s as good as he’s ever been.” This is the Draymond Green that makes the Warriors more than willing to put up with the occasional nonsense, mostly stemming from his short temper and low tolerance with the officiating yet also with teammates and coaches at times. The constant technical fouls, the early-season clash with Durant, the high maintenance that often comes with coaching him, those are all part of the package. Taken as whole, that package is more positive than negative. And when there’s no negative, as it’s been through much of this postseason, the package is irresistible. “It’s nothing new; I’ve seen him do this for seven years,” said Thompson. “I’m just so proud of Dray. He makes us go.” There was no more positive reinforcement from Green than when he comforted Bell and told the young player to shake off a missed dunk seen by millions and laughed at by thousands inside Moda Center. Green gave Bell the encouragement needed to forget the embarrassment and maintain composure, which was important because Kerr kept Bell in the game. That set Bell up to gain redemption. And the Warriors, after struggling through a sloppy start, to gain complete control of a series that could end Monday (Tuesday, PHL time) in a sweep. “I’m one of the leaders of this team and in those situations you either go one of two ways. You’re either going to do your job and lift everybody up or you’re going to go the opposite way,” said Green. And so Green, with passing, defense and pace-setting, is stamping his signature on this series. His floor direction is flawless. He hasn’t shown the ability to direct the Blazers right out of the playoffs, but that’s perhaps just a matter of time. Shaun Powell has covered the NBA for more than 25 years. You can e-mail him here, find his archive here, and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting. .....»»

Category: sportsSource:  abscbnRelated NewsMay 19th, 2019

Iloilo City eyes shift from festival to MICE tourism

By: Emme Rose Santiagudo AFTER the Department of Tourism (DOT)-6 successful launched its P50-million, three-year marketing plan for Iloilo to become a premier MICE (Meetings, Incentives, Conventions and Exhibitions) destination in February 2019, the Iloilo City government unit is now gearing its efforts to shift from festival to MICE tourism. City Tourism and Development Officer […] The post Iloilo City eyes shift from festival to MICE tourism appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsMay 17th, 2019