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Forex reserves hit 3-month high in November 2018

The Philippines managed to beef up its foreign exchange buffer with the gross international reserve level hitting a three-month high of $75.49 billion in end-November, the Bangko Sentral ng Pilipinas reported yesterday......»»

Category: financeSource: philstar philstarDec 7th, 2018

Net FDI hits 2-mth high in Nov – BSP

NET foreign direct investment (FDI) inflows hit a two-month high in November 2018 but were still lower from a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported on Monday. Net…READ The post Net FDI hits 2-mth high in Nov – BSP appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsFeb 12th, 2019

Inflation rate in Eastern Visayas drops to 5.2 percent in November 2018

The Inflation Rate (IR) of Eastern Visayas decreased to 5.2 percent in November 2018, a 1.7 percentage points lower compared with the record high 6.9 percent IR a month ago......»»

Category: newsSource:  samarnewsRelated NewsJan 19th, 2019

GIR hits 7-month high, closes 2018 at $78.5B

THE Philippines’ gross international reserves (GIR) rose to a seven-month high in December, ending the year at $78.460 billion, which the Bangko Sentral ng Pilipinas (BSP) traced to its foreign…READ The post GIR hits 7-month high, closes 2018 at $78.5B appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 8th, 2019

Forex reserves rise to $78.5 billion, fall short of target

The country’s foreign exchange buffer continued to recover with gross international reserves rising by 3.7 percent to $78.46 billion as of the end-December 2018 from $75.68 billion as of end-November 2018, the Bangko Sentral ng Pilipinas (BSP) reported yesterday......»»

Category: financeSource:  philstarRelated NewsJan 8th, 2019

PH debt inches up to new high of P7.195T in November

MANILA, Philippines -- Robust demand for long-dated Treasury bonds last November further pushed up the national government's outstanding debt to a new high of P7.915 trillion at the end of the first 11 months of last year. In a report Thursday, the Bureau of the Treasury said combined outstanding domestic and external obligations as of end-November 2018 rose 11.8 percent from P6.437 trillion a year ago and inched up 0.4 percent from P7.167 trillion in October. Domestic debt, which accounted for almost two-thirds of the total, increased 11.9 percent year-on-year and 1.9 percent month-on-month to P4.708 trillion. In a statement, the Treasury attributed the month-on-month increas...Keep on reading: PH debt inches up to new high of P7.195T in November.....»»

Category: newsSource:  inquirerRelated NewsJan 3rd, 2019

Best, worst NBA teams for December 2018

By Khari Arnold, NBA.com Just when mock drafts were beginning to list the San Antonio Spurs as a certified lottery team -- something that hasn’t happened in over two decades -- a vigorous December stretch has Gregg Popovich’s squad clicking and back among the top eight in the Western Conference standings. The Spurs struggled severely in November, pairing their below-average offense with the NBA’s worst defense. They finished the month with a 5-10 record and sat 10-12 overall, just in front of the lowly Phoenix Suns. Injuries began to pile up, LaMarcus Aldridge struggled shooting and their ability to win on the road was nonexistent. While the latter issue still hasn’t been fixed, a shift occurred for the Spurs in December. San Antonio finished No. 1 in offensive efficiency during the last month of 2018 and ranked among the top 10 in defensive efficiency. Seeming to have found their rhythm, the Spurs shot a league-high 51.2 percent from the floor in December, boasted the NBA’s best Net Rating and closed the year out winning 10 of their last 13 games. Talk about ending a year on the right track. Here’s a look at the best records, offenses and defenses based on numbers from Dec. 1 to Dec. 31 (Dec. 2-Jan. 1, 2019, PHL time) only. Five best records Indiana Pacers: 12-3 Houston Rockets: 11-4 Milwaukee Bucks: 10-4 San Antonio Spurs: 11-5 Golden State Warriors: 10-5 The Pacers have quietly climbed to third in the Eastern Conference standings, holding the same amount of wins as the first-place Bucks. Five worst records New York Knicks: 2-12 Cleveland Cavaliers: 4-12 Detroit Pistons: 4-11 Phoenix Suns: 5-11 Memphis Grizzlies: 5-10 The sweepstakes for Zion Williamson, who played at Madison Square Garden in December, roll on. Top five offenses (Points scored per 100 possessions) San Antonio Spurs: 116.6 Boston Celtics: 115.5 Houston Rockets: 113.4 New Orleans Pelicans: 112.2 Minnesota Timberwolves: 111.6 While the Spurs are rolling, the hottest team in Texas -- and the NBA for that matter -- is Houston. James Harden is carrying the Rockets offense without Chris Paul at a historic pace. Bottom five offenses Chicago Bulls: 98.7 Orlando Magic: 101.7 Detroit Pistons: 102.4 Memphis Grizzlies 102.7 New York Knicks: 104.6 Dwane Casey's first year in Detroit hasn't gone according to plan -- yet at least. His offense committed the second-most turnovers per game in December. Top five defenses (Points allowed per 100 possessions) Indiana Pacers: 99.6 Utah Jazz: 100.5 Oklahoma City Thunder: 101.7 Milwaukee Bucks: 102.1 Miami Heat: 104.1 The Lakers, who had a top-three Defensive Rating in November, fell out of the top 10. Bottom five defenses Cleveland Cavaliers: 116.9 New York Knicks: 115.9 LA Clippers: 114.3 Atlanta Hawks: 112.6 Phoenix Suns: 112.4 The Clippers' defense is tumbling despite being in the playoff hunt. Top 10 individual scorers (Points per game) James Harden: 36.4 Paul George: 30.8 Anthony Davis: 29.6 Kawhi Leonard: 29.1 Stephen Curry: 28.1 Damian Lillard: 27.1 Bradley Beal: 26.5 Devin Booker: 26.2 Kevin Durant: 26.1 LeBron James: 25.8.....»»

Category: sportsSource:  abscbnRelated NewsJan 2nd, 2019

10 can’t-miss moments in sports for 2019

2018 is already in the books. Now, we look forward to the next chapters we’re all about to read in 2019. Laban Azkals in AFC Asian Cup – January The Azkals will enter historic grounds as early as January as they play for the first time in the AFC Asian Cup in 2019. Their ticket was booked after crushing Tajikistan in a 2-1 home victory early in 2018. With a world-renowned mentored on their side in Sven-Goran Eriksson and veteran national players, the Azkals will travel to the United Arab Emirates for the continental showdown. The Azkals kick off their 2019 AFC Cup Campaign on January 7th against South Korea, followed by a match against China PR on January 11th, before closing out the Group Stage on January 16th against Kyrgyzstan.  Newest season of the oldest professional league in Asia – January After just roughly a month of break from basketball action, the oldest professional league in Asia is back. The PBA will be kicking off its 44th season on January 13 with San Miguel defending its Philippine Cup title. Aside from that, marquee rookies such as CJ Perez, Robert Bolick, and Paul Desiderio are all set to play their first professional games with their respective teams. Up next on Pacman’s list – January The Filipinos will be treated to quality boxing as early as January 19 when Manny Pacquiao defends his WBA (Regular) Welterweight World Championship against challenger American Adrien Broner. After two years of fighting outside the US, Pacquiao will be back in Las Vegas to defend his title against a tough challenger in Broner. Just like old times, Freddie Roach will be back in Pacquiao's corner, this time serving as a consultant. Fanning the flames for a place in FIBA World Cup 2019 – February For the Philippines to be back in the FIBA World Cup, these are the things that need to happen: we must sweep out last two games then Japan must lose at least one of its last two games – giving us the third spot in Group F. Alternatively, we can pin our hopes on China winding up in the top four of its group – giving Groups E and F four berths apiece. Gilas Pilipinas begins its trek through that long and winding road away from home up against Qatar. All teams are teams-to-beat in UAAP 81 Volleyball – February The exciting and highly entertaining collegiate volleyball league is back on February 16. Things to watch out for? La Salle's bid for their fourth consecutive title, Ateneo's face post-Tai Bundit era, UP's confident aura coming off two major preseason championships, and UST's game-changing rookies. Eaglets-Bullpups Finals rematch or not – March Without a doubt, Ateneo and NU, the very same two teams that battled in the Finals last year, are the favorites to go all the way back to the champipnship round in the ongoing season. After all, the Blue Eaglets still have 7-foot-1, 16-year-old Kai Sotto and the Bullpups boast of the deepest roster in all of high school. After the first round of eliminations, however, it’s also clear that RJ Abarrientos-led FEU-Diliman and Joem Sabandal-fronted Adamson have other plans. For sure, something’s gotta give. Alab Pilipinas’ shot at history – April In the almost decade-long history of the Asean Basketball League, no team has won back-to-back championships. Alab Pilipinas is here to change that with the Puerto Rican pair of Renaldo Balkman and PJ Ramos showing the way alongside two-time Local MVP Ray Parks Jr. No doubt, this is the most talented team in franchise history and as such, nothing but a second straight title will be an acceptable outcome. The NCAA is five years away from its centennial celebration – July The first collegiate league in the country is approaching rarified air. Set to open its milestone mark 95th Season, the same old intensity is to be expected in the NCAA. The protagonists, however, may very well be different as all of last year’s Final Four teams will now be missing their main men – Robert Bolick for San Beda, CJ Perez for LPU, Bong Quinto for Letran, and Prince Eze for Perpetual. Is the UAAP 82 Basketball crown Katipunan’s to keep – September In Season 82, all teams will be seeking to nip the dynasty that the Ateneo Blue Eagles are trying to build. After going for back-two-back last season, all eyes will still be on them as their enter the season with an intact core. However, just like Season 81 it will not be a walk in the park with all contenders striving to match their caliber through massive recruitment, coach changes, and tough training camps. Filipino hospitality in SEA Games 2019 – November For the first time since 2005, the SEA Games will be played in Manila. That means that, at long last, our regional neighbors will yet again experience that world-renowned warmth of the Philippines and its people. Make no mistake, however, the Filipinos are all set to go all-out and dominate the medal tally – whether that be basketball in Manila or athletics and aquatics in Clark......»»

Category: sportsSource:  abscbnRelated NewsDec 31st, 2018

Top sports headliners in the year that was

From the FIFA World Cup to the NBA, the PBA to the UAAP and NCAA, the Asian Games to Manny Pacquiao, volleyball to MMA, the past 12 months truly was a great year for Filipino sports fans.   Here are some of the most memorable sports headliners that bannered the year that was.    San Miguel Corporation dominates PBA San Miguel Corporation owned 2018. For the first time in the history of the Asia’s first professional basketball league one company dominated all three conferences of the PBA. The San Miguel Beermen annexed their fourth straight Philippine Cup title against sister team Magnolia last May, while Ginebra rode on undersized do-it-all forward Justin Brownlee to the Commissioner's Cup title at the expense of San Miguel last August. Then it was Magnolia's time to shine in December. The Hotshots dismantled Alaska in six games to complete SMC’s domination of PBA 2018. Outside of basketball, SMC also made its presence felt in volleyball as Petron bagged the Grand Prix, Challenge Cup (beach volleyball) and the All-Filipino Conference in the Philippine Superliga.   Kai Sotto stands tall as Ateneo takes title vs NU Kai Sotto became a household name in 2018 as the 7'1" wunderkind showed off in the UAAP Season 80 juniors' basketball tournament. The eventual Finals MVP was a beast in Game 1 of the Finals against the NU Bullpups, tallying a triple-double of 22 points, 16 rebounds, and 11 blocks in the 86-70 win, the first of its kind since 2003. Ateneo finished the season almost unscathed at 16-1, with their lone loss in Game 2 of the series, a very chippy one to say the least. In Game 3, Sotto came up clutch, scoring the go-ahead basket, 60-58, with about 30 seconds left as Ateneo came away with the 63-58 win to take the title.  SJ Belangel, Joaqui Manuel, Dave Ildefonso and Jason Credo, and coach Joe Silva all appeared in their last games for the Blue Eaglets.   DLSU completes three-peat; NU dethrones Ateneo  The UAAP Season 80 volleyball tournament was filled with lasting memories that will surely be remembered for a long time. Numerous upsets in the eliminations, great games, and much more were the name of the game for the women's tournament. However, a long-time rivalry was rekindled when two-time defending champs De La Salle Lady Spikers met 29-time title holders FEU Lady Tamaraws for all the marbles last May. Kim Kianna Dy, Majoy Baron, and Dawn Macandili all ended their careers on a high note as they swept graduating Bernadeth Pons and the Lady Tamaraws in two straight games to win their third straight title. Graduating libero Macandili was named Finals MVP for the first and final time in her collegiate career.  Behind their magnificent floor defense and some stellar play from Finals MVP Bryan Bagunas, the NU Bulldogs also swept three-time defending champions Ateneo Blue Eagles to reclaim a title they last enjoyed in Season 76. Espejo, a five-time UAAP MVP, had an awesome performance for the world's record books, scoring a record-55 points to force the FEU Tamaraws to a do-or-die Final Four. The Blue Eagle legend had played his last, and has since suited up for a semi-pro team in Japan's topflight volleyball league.   Alab fends off Mono Vampire to claim ABL title San Miguel-backed Alab Pilipinas were such a glorious sight to see in the eighth season of the Asean Basketball League (ABL) last March. Coached by perennial fan favorite Jimmy Alapag in his very first season, the trio of Renaldo Balkman, Justin Brownlee, and Local and Finals MVP Bobby Ray Parks to their first title in home soil. Alab faced Thailand-based Mono Vampire, who were led by Mike Singletary, towering Sam Deguara, Fil-Am Jason Brickman and Pinoy Paul Zamar. In the very same day as the coronation of the UAAP volleyball championships, Alab took home the crown in a rousing 102-92 victory in Sta. Rosa, much to the delight of the home crowd. Balkman, the league's Defensive Player of the Year led Alab in scoring with 32, while Brownlee added 24 of his own. Parks added 13 markers. The two imports played in the PBA for the Commissioner's Cup, where Balkman (San Miguel) and Brownlee (Ginebra) would face each other in the Finals.   (AP Photo/Carlos Osorio) Warriors send LeBron packing to Los Angeles The Golden St. Warriors and the Cleveland Cavaliers locked horns in the NBA Finals for the fourth straight season after the two teams were pushed to the brink in the Conference Finals. Both teams were down 3-2 and won Game 7 on the road to win their respective conferences, with both teams banking on experience to forge another bout in the championship series. Game 1 was undoubtedly the most exciting game in the series as LeBron James had an epic performance of 51 points, 8 rebounds, and 8 assists.  However, JR Smith's blunder at the end of regulation became the lasting image of that game, as he dribbled out the clock with the score tied at 107-all. The defending champions rode the surge and took the opening game, 124-114. Stephen Curry's brillant performance throughout the series was overshadowed by Kevin Durant's dagger in Game 3, a few feet away from the spot where he launched the go-ahead three in Game 3 of the 2017 NBA Finals. Durant was named as the Bill Russell Finals MVP after norming 28.8 ppg, 10.8 rpg, and 7.5 apg in the four-game sweep, demolishing the Cavs 108-85 in the series finale last June. It would also be the last game LeBron James had in a Cleveland Cavaliers uniform, as he bolted for the Los Angeles Lakers almost a month later.   (AP Photo/Martin Meissner) France rules 2018 FIFA World Cup The most-coveted title of the beautiful game returned to France after two decades. The youthful French squad celebrated their conquest soaked in a downpour in Moscow after a 4-2 victory over first-time finalist Croatia in the 2018 FIFA World Cup last July. Teenager Kylian Mbappe stood out in the French team composed of a bunch of 25 and under players. Speed, strength and youth became France’s biggest asset during the quadrennial football spectacle watched by almost 3.5 billion viewers around the world.  The 19-year-old migrant scored one of the four goals in the championship match to become the second teen to score a goal in the Finals after the legendary Pele back in 1958. France defeated Belgium in the semifinal, 1-0, while Croatia outlasted the favored Russians in penalty shootout, 4-3 (2-2). The French team also displayed diversity, with players born of migrant parents including Alphonse Areola, whose parents are both Filipinos working in France.   Pac on top, The Filipino Flash returns The most-celebrated Filipino athlete continued make the headlines this year. Manny Pacquaio stripped Lucas Matthysse of his WBA welterweight world championship belt with a seventh round technical knockout win in Kuala Lumpur, Malaysia in July. Pacquiao split with long-time trainer Freddie Roach during his build up for the Matthysse bout back in April but confirmed their partnership once again for the 40-year old boxer’s title defense against Adrien Broner next year. Nonito Donaire Jr. announced that he would be going back down to super bantamweight after a loss to Carl Frampton in April for the interim WBO Featherweight belt and would be taking part in the World Boxing Super Series' super bantamweight tournament.  Matched up in the quarterfinal round against Ryan Burnett back in November, Donaire scored what many consider an upset, winning via TKO after the Irishman suffered a back injury to snatch the WBA (Super) Bantamweight World Championship.  Up next for Donaire will be WBO Super Bantamweight World Champion Zolani Tete of South Africa in the semifinals.           Pinay power in the Asian Games   The Philippines participated in the 18th Asian Games held in Jakarta and Palembang, Indonesia that ran from August 18 to September 2. A total of 272 athletes that participated in 31 sports represented the country in the quadrennial meet with Jordan Clarkson of the Cleveland Cavaliers and medalist Margielyn Didal marching as flagbearers in the opening and closing ceremonies, respectively. Rio Olympian Hidilyn Diaz gave the PHI its first gold medal in women’s -53 kg. weightlifting. Five days after Diaz’s victory, the trio of Yuka Saso, Bianca Pagdanganan and Lois Kaye Go accounted for the women’s golf team mint. Saso also bagged the individual gold. In Palembang, Didal rolled her way into winning the women’s street skateboard gold. The celebrated men’s basketball team started out strong after routing Kazakhstan but lost by two-points to China in the group stage. The Gilas Pilipinas squad advanced in the quarterfinals but bowed down to South Korea by nine points eventually settling for a fifth spot in the classification phase after wins over Japan and Syria. The PHI finished with a 4-2-15 gold-silver-bronze haul and landed at 19th spot, three places higher that its 2014 finish in Incheon, South Korea.      Red Lions roar, Blue Eagles soar San Beda University continued its mastery over the NCAA as it annexed its third straight title and 22nd overall. The Red Lions grabbed its 11th crown in 13 years at the expense of Lyceum of the Philippines University. It was one-sided championship series – just like in their Finals meeting last year – with the San Beda ripping the Pirates apart in Game One with LPU playing sans its best player in CJ Perez, who was banned for one game after failing to notify the league of his intention to join the PBA Draft. Perez returned in Game 2 but even his presence didn’t stop the Red Lions from painting the NCAA red once again. In probably one of the most memorable UAAP season in recent years, Ateneo de Manila University won its second straight crown. Ivorian tower and Rookie of the Year 6-foot-11 Ange Kouame made an immediate impact for the Blue Eagles complementing the already stacked Ateneo squad led by Finals MVP Thirdy Ravena. But the glory of Ateneo was overshadowed by the Cinderalla story of the team it vanquished in the Finals. Climbing up from the cellar in the past years, University of the Philippines made history by making it in the Finals for the first time since winning it all in 1986. But before their championship stint, the Fighting Maroons ended a two-decade Final Four drought. UP then shocked twice-to-beat Adamson University with both games decided by game-winners. Ateneo came in the series as the title favorites but overwhelming support from a very hungry UP community and underdogs fans backed the Fighting Maroons. But in the end, it was the Blue Eagles championship experience that prevailed.       Pinoys make wave in MMA Fighters under Team Lakay flexed their muscles in One Championship. Flyweight star Geje Eustaquio opened the year with an interim championship win over former champion Kairat Akhmetov in Manila back in January. Eustaquio then defeated two-time champion Adriano Moraes in Macau last July to become the undisputed ONE Flyweight World Champion.  Joshua Pacio earned the ONE Strawweight World Championship last September after a unanimous decision win over two-time champion Japanese Yoshitaka Naito. Kevin Belingon dropped former world title challenger Andrew Leone with a now-famous spinning back kick in April. He followed it up with a dominating win over then-two division world champion Martin Nguyen to capture the ONE Interim Bantamweight World Champion. Belingon ended the five-year reign and seven-year winning streak of of long-time bantamweight king Brazilian Bibiano Fernandes in November via split decision.  Eduard Folayang outclassed Singaporean contender Amir Khan at ONE: Conquest of Champions in Manila in early December to bag the ONE Lightweight World Championship for the second time in his storied career.  BRAVE Combat Federation Bantamweight World Champion Stephen Loman successfully defended his title twice in 2018.  Reigning ONE Heavyweight World Champion Brandon Vera needed only 64 seconds to knockout hard-hitting Italian challenger Mauro Cerilli in Manila early December to remain the king of the ONE Championship heavyweight kingdom.    Petron, Creamline rule respective club leagues Creamline claimed its breakthrough championship in the Premier Volleyball League by sweeping PayMaya in the Reinforced Conference Finals series last July. Alyssa Valdez finally ended a two-year title drought with the Cool Smashers' victory. Creamline opposite hitter Michele Gumabao was named Miss Globe-Philippines during the Binibining Pilipinas 2018 last March. Gumabao represented the country in the 2018 Miss Globe in Albania last October and won the Miss Social Media and Dream Girl awards while landing a spot in the Top 15.     The Cool Smashers completed a sweep of the PVL’s Season 2 after claiming the Open Conference crown at the expense of Ateneo-Motolite via an emphatic series sweep this month. In the Philippine Superliga, Petron reigned supreme in the Grand Prix after taking down archrival F2 Logistics last May. Petron extended its supremacy in the sands after the tandem of Sisi Rondina and Bernadethn Pons defeated Dhannylaine Demontano and Jackielyn Estoquia of Sta. Lucia in the Challenge Cup final last May. The Cargo Movers got its revenge in the Invitational Cup, toppling the Blaze Spikers in a series sweep last July. Petron wrapped the year with the All-Filipino Conference in its pocket. The Blaze Spikers won its first 14 games before dropping Game 2 of the Finals. Petron swept F2 Logistics in Game 3......»»

Category: sportsSource:  abscbnRelated NewsDec 30th, 2018

BSP: Inflation likely eased in November 2018

Inflation may ease this month from a near-decade high of 6.7 percent in October due to the sharp decline in oil prices, improving supply of rice and other commodities, and the strong rebound of the peso, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsNov 29th, 2018

Old School Power Rankings 2018-19: Weeks 3 and 4

By Scott Wraight, NBA.com It was bound to happen, right? The King was never, ever going to give up his throne to anyone else. Period. Because of that, we had to separate him from the rest of the field and give out a new ranking: ATHO (All To His Own). So unless something crazy happens during the season -- or an injury -- No. 1 will have an asterisk of sorts. Now that the chase has opened up for everyone else, it should make for an interesting and intriguing run to the finish line, asterisk be damned. Notes: - Statistics are through games of Nov. 15 (Nov. 16, PHL time) - Any player who turns 32 during regular season can be added to rankings. - Check out previous rankings - Send comments to my email. If it's good -- and clean -- it may appear in a future column. Be sure to include your first name and city. ATHO. LeBron James (33), Los Angeles Lakers Previous rank: 1 Latest stats: 6 games, 27.5 ppg, 7.0 rpg, 6.2 apg Season stats: 27.6 ppg, 7.9 rpg, 7.2 apg Wednesday's (Thursday, PHL time) 44-point performance against the Trail Blazers was the one. That was the one that pushed the King into his own tier, his own neighborhood, his own ranking. He just refuses to make it fair for everyone else. That's how good he is. In addition to Wednesday's (Thursday, PHL time) superior effort, James has gone for 25 or more in eight of the last 10. _______________________________________________________________ 1. Marc Gasol (33), Memphis Grizzlies Previous rank: 4 Latest stats: 7 games, 16.4 ppg, 8.9 rpg, 4.6 apg Season stats: 15.9 ppg, 8.5 rpg, 4.1 apg After eclipsing 15 points in just three of the first six, Gasol has surpassed the mark in four straight, which included Wednesday's (Thursday, PHL time) effort in which he tied a career high with six three's. Of course the splits over the last seven left us puzzled. In four wins, Gasol went for 21.0 ppg, 9.8 rpg and 52.2 3PT%. In three losses: 10.3 ppg, 7.7 rpg and 0-for-8 from deep. 2. Chris Paul (33), Houston Rockets Previous rank: 3 Latest stats: 8 games, 16.0 ppg, 4.9 rpg, 7.1 apg Season stats: 17.0 ppg, 5.2 rpg, 7.5 apg We were ready to move Paul to the top of the list until Thursday's (Friday, PHL time) effort: 10 points (4-for-10 shooting) and seven assists against the Warriors. In two previous games, Paul managed 21 and 26 on 15-for-25 shooting. Of course four previous contests saw him combine for just 39 points on 15-for-47 (31.9) shooting. It's been a bit of a roller coaster ride in November. 3. LaMarcus Aldridge (33), San Antonio Spurs Previous rank: 2 Latest stats: 7 games, 14.1 ppg, 12.9 rpg, 1.6 apg Season stats: 17.4 ppg, 11.0 rpg, 2.4 apg He's scoring at home while rebounding on the road. In three home games, Aldridge went for 21.0 ppg and 9.3 rpg. In four road games, he averaged 9.0 ppg and 15.5 rpg. Aldridge has been hot and cold this month, failing to score in double figures in two of seven and scoring 20 or more just twice. One consistent has been the board work, grabbing 10 or more in five straight. 4. JJ Redick (34), Philadelphia 76ers Previous rank: 7 Latest stats: 7 games, 17.9 ppg, 1.4 rpg, 3.7 apg Season stats: 18.2 ppg, 2.5 rpg, 3.5 apg Redick is feeling it of late, pouring in 20 or more points and hitting at least three three-pointers in three consecutive games. Coincidentally, he's started the last three games after beginning the season on the bench. We've also taken notice of Redick's volume of long-range shots, making 3.0 treys a game and attempting 8.3 -- both career highs. 5. Lou Williams (32), LA Clippers Previous rank: Just missed Latest stats: 6 games, 21.3 ppg, 2.7 rpg, 5.7 apg Season stats: 19.4 ppg, 2.4 rpg, 4.1 apg Hello there, newbie. Williams, who just turned 32 on Oct. 27, sprints up the list on the strength of five games with 20 or more points -- all while averaging less than 30 minutes (29.4) per game. In fact, the only game he didn't go for 20, he added 10 assists. Digging deeper, the last time Williams failed to break double-figure scoring was Nov. 20, 2017. 6. Kyle Lowry (32), Toronto Raptors Previous rank: 5 Latest stats: 6 games, 13.7 ppg, 4.3 rpg, 10.0 apg Season stats: 16.1 ppg, 4.2 rpg, 10.7 apg Lowry, who finally saw his streak of games with 10-plus assists end at nine, has been a bit of a road warrior over the last handful of games. In his last three home games, he averaged 9.3 points, 8.7 assists and 40.0 FG%. In three road games, Lowry managed 18.0 points, 11.3 assists and 46.3 FG%. 7.  Wesley Matthews (32), Dallas Mavericks Previous rank: 6 Latest stats: 5 games, 12.4 ppg, 2.6 rpg, 2.4 apg Season stats: 16.2 ppg, 2.6 rpg, 2.4 apg After starting the season with six straight double-figure scoring games, Matthews has gone for 10 or more in just three of the last seven. He missed one game with a hamstring injury and had to leave Wednesday's (Thursday, PHL time) game after just 21 minutes with the same injury, so that'll skew the numbers a bit, which is why he only fell one spot. 8.  Taj Gibson (33), Minnesota Timberwolves Previous rank: NA Latest stats: 7 games, 12.4 ppg, 7.6 rpg, 1.9 apg Season stats: 11.3 ppg, 7.1 rpg, 1.4 apg Gibson started the season sluggishly, failing to score more than 13 points in any of the first 10 games. Since then, the gritty veteran has gone for 15 or more in three of the last five. Also in those first 10 games, Gibson managed to snag nine or more boards just once. He's done that three times in the last five contests. 9.  Dwight Howard (32), Washington Wizards Previous rank: NA Latest stats: 7 games, 12.6 ppg, 9.0 rpg, 0.4 apg Season stats: 12.6 ppg, 9.0 rpg, 0.4 apg After missing the first seven games of the season with a back injury, Howard is starting to get into a groove. In addition to scoring in double figures in four straight, he has snatched eight or more rebounds in five of the last six. His return to the lineup might also be a reason the Wizards have started to turn things around, winning four of their last six. 10. Goran Dragic (32), Miami Heat Previous rank: 9 Latest stats: 4 games, 16.0 ppg, 3.8 rpg, 4.5 apg Season stats: 17.1 ppg, 3.5 rpg, 4.8 apg The theme song from Facts of Life keeps running through my head: "You take the good, you take the bad ..." That rings very true with Dragic, who in his four games had three with 20 or more points and one with a goose egg on 0-for-7 shooting. Now, we won't pile on since we realize he missed a pair of games with a knee injury. Just missed the cut: Paul Millsap, JJ Barea, Dwyane Wade, Al Horford, Jeff Green The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsNov 18th, 2018

Stephen Curry, Warriors use big second half to beat Knicks

By Janie McCauley, Associated Press OAKLAND, Calif. (AP) — Stephen Curry scored 17 of his 32 points in the third quarter to go with seven assists and six rebounds, and the Golden State Warriors used a big second half to beat the New York Knicks 123-112 on Tuesday night (Wednesday, PHL time). Kevin Durant added 14 points, a career-high 14 assists and two blocks before his ejection with 2:50 left for a second technical. Zaza Pachulia added 13 points in Golden State’s seventh straight victory in the series. Curry made 8-of-15 from deep while sporting sneakers featuring the faces of his daughters Riley and Ryan and the message “I can do all things.” Great photo by AP colleague Ben Margot of @StephenCurry30's shoes featuring daughters Riley and Ryan. Not to mention the message "I can do all things." pic.twitter.com/8fwRAe7wvg — Janie McCauley (@JanieMcCAP) January 24, 2018 The Warriors bounced back from Saturday’s (Sunday, PHL time) eight-point defeat at Houston to improve to 10-0 following a loss this season. Michael Beasley scored 21 points and Courtney Lee contributed 20 as New York lost for the third time in four games and sixth in eight. The Warriors opened the third on a 16-9 burst to lead for the first time all night, then went on to score 100 or more points for a 14th straight game. Draymond Green had 12 points, six assists and five rebounds for the Warriors. Curry and Thompson shot a combined 4-for-16 in the first half, including 2-of-10 on three's, before Curry found his stroke and wound up 9-for-19 overall in his 14th 30-point performance of the season. Thompson struggled to nine points on 4-for-10 shooting, missing all three of his three-point tries. The Knicks made 11 of their initial 20 shots while the Warriors began 8-of-18 and 1-for-8 from behind the arc to fall behind 29-19 — Curry missed four of his first five field goals. Andre Iguodala, who had dealt with a bruised left calf that kept him out the previous two games, returned to the Warriors rotation and scored five points in 20 minutes off the bench. ALL KINDS OF ALL-STARS Green and Thompson were named All-Star reserves, joining Curry — a captain — and Durant. The Warriors became the first team in NBA history to have four All-Stars in back-to-back seasons. It will be the ninth time in NBA history that a team has had four All-Stars play in the game. Golden State had the same four All-Stars a year ago. “I’m proud of them, amazing to have four All-Stars two years in a row,” Kerr said. “We’re obviously really lucky to have these guys all together at once on the roster. What I love is they’re so unselfish, they play together so well. That’s why they’re all All-Stars. It wouldn’t work if they were selfish and looking for their own shot, looking for their own points.” TIP-INS Knicks: F Kristaps Porzingis was held out with left knee irritation. ... The Knicks dropped to 3-7 on the road vs. the Western Conference. ... New York’s 14 turnovers led to 16 Golden State points. Warriors: Durant notched his 16th career double-double of points and assists. ... Rookie Jordan Bell missed his second straight game with inflammation in his left ankle. ... Golden State’s winning streak vs. the Knicks is its longest since a nine-game unbeaten run against New York from November 1963-November 1964. The Warriors have won 24 of the last 30 in the series. QUOTEABLE Three years after Thompson’s 37-point quarter on Jan. 23, 2015, against the Kings, Kerr recalled the moment. “It was almost surreal, the frenzy. It was the combination of Klay going crazy and licking his chops and his teammates and the joy that they had for him and with him,” Kerr said. “They were just hunting shots for him. It was like a pack of hyenas.” UP NEXT Knicks: At Denver on Thursday night (Friday, PHL time) continuing a seven-game road trip. Warriors: Host Timberwolves on Thursday night (Friday, PHL time) looking for a fourth straight home win in the series and third overall......»»

Category: sportsSource:  abscbnRelated NewsJan 24th, 2018

Forex reserves rise to $81.5 B in August

MANILA, Philippines — The country’s foreign exchange buffer improved to a three-month high of $81.51 billion in August, $447.9 million higher than the revise.....»»

Category: financeSource:  philstarRelated NewsSep 7th, 2017

Jordan s weight reaches farther than court in NC

By Steve Aschburner, NBA.com CHARLOTTE -- Unlike Mark Cuban and James Dolan, the host of the 2019 NBA All-Star Game was voted in 14 times to participate and played in 13. Quite different from Micky Arison and Glen Taylor, the team owner whose arena and city will be the center of All-Star 2019 averaged 20.2 points in those 13 All-Star appearances, was named MVP three times and posted the first triple-double in the game’s history (1997). And not at all like Steve Ballmer and Joe Lacob, the guy most often credited with making Charlotte All-Star worthy this weekend ignited the annual Slam Dunk Contest with his takeoff from the foul line in 1988. He also regularly irritated former NBA commissioner David Stern into a series of fines for golfing when he should have been sitting through mandatory Friday media sessions. With a level of celebrity as arguably the game’s greatest player ever, morphed now into an off-radar role as owner of the Charlotte Hornets, Michael Jordan remains as famous, as popular and as successful as any or all the active All-Star participants who’ll cavort at the Spectrum Center in the city’s Uptown business district. Ain’t no other NBA owner who can say that. “You think about all these wealthy, successful owners in our league,” said Hornets president Fred Whitfield, “no one knew who any of them were, really, until they bought their team. Everybody in the world knew who Michael Jordan was before he bought his team.” Jordan’s place in the All-Star galaxy in the coming days is reflective of his unique position among those who oversee the NBA’s 29 other franchises. His impact on the team, on its fans, on their city and on the state in returning to his native North Carolina -- he grew up in coastal Wilmington before attending college in Chapel Hill -- to anchor and lend stability to the Hornets will be on full display, even if he’s hard to spot this weekend. It’s all a reminder, too, of the old movie line from a remarkably blessed character, wondering “What do you do when your real life exceeds your dreams?” Most don’t dare to imagine playing in an All-Star Game, never mind hosting one as the owner of the local team. “No,” Jordan told some Charlotte reporters Tuesday (Wednesday, PHL time), coming forward for one of his few appearances of the week. “As a kid growing up here in North Carolina, the first thing [was] playing basketball. And then things evolved from there -- from the University of North Carolina to Chicago. Obviously you know the history from that. “[The] opportunity to represent North Carolina in an All-Star Game from a different seat is truly amazing. It tells the path that I have taken. It gives me great pleasure to give that back to the community. It’s been a long-traveled road.” The celebration of the league’s brightest stars, and the ubiquitous banners and signage devoted to it will make it even harder than usual to visibly spot signs of Jordan’s ownership of the Hornets. For a typical regular season game, you might spy a flag emblazoned with his well-known “Jumpman” logo. Occasionally he’ll watch part of the game, rarely all, from seats at the end of his team’s bench, though he’s as likely to retreat to his suite atop the arena’s lower bowl. An in-game, timeout scoreboard video meant to stoke the crowd includes shots of GM Mitch Kupchak (“Architect of Champions”) and coach James Borrego (“Elite Pedigree”) but ends right about the time you expect some dramatic silhouette of His Airness to appear. It’s as if Jordan is as protective of his brand in running the Hornets as he is in maintaining its exclusivity in the marketplace. Doesn’t matter, though. His fingerprints are all over the franchise, as a basketball team, as a business enterprise and as a member of the community. On court, Jordan trusts his team Jordan’s greatest notoriety as an owner in a basketball setting may have come in December, when he was courtside for a tense game against Detroit. Guard Jeremy Lamb drained a 22-foot jumper with 0.3 seconds left, sending reserves Malik Monk and Bismack Biyombo onto the floor in celebration of what would be a 108-107 home victory. Trouble was, that sliver of time on the clock. Too many men. The Hornets were whistled for a one-shot technical foul and Jordan impulsively smacked Monk lightly, twice, on the back of the head. Any other owner does that, the player’s agent might file a grievance with the players union. Jordan does it and, thanks to his in-the-trenches, in-the-fraternity credibility, it comes across as a goof. “A tap of endearment,” Jordan called it later in a statement. “It was like a big brother and little brother tap. No negative intent. Only love!" Said Monk: “Big, big, big brother. But it was nothing. He was just playing.” The arc of Jordan’s career and his reputation as a stone-cold competitor make it OK if he wants to vent -- or swipe -- when things don’t go the Hornets’ way. Doesn’t matter that Jordan, who will turn 56 on All-Star Sunday, is old enough to be any of his players' dad. He still carries himself like an athlete, and their frame of reference remains, “That’s Mike.” “I’ve seen kids come up through camps,” said Buzz Peterson, Charlotte’s assistant general manager under Kupchak. “You could say Julius Erving, you could say Larry Johnson, Karl Malone, whatever, and the kids’ eyes are like, ‘Who?’ But you say Michael Jordan, they’re gonna know. That’s the separation there.” Peterson is among Jordan’s closest friends -- he beat him out as North Carolina’s prep player of the year in 1981, won an NCAA title with him as a Tar Heels teammate and is described by those who know both as someone who can disagree with the boss while staying comfortably in the inner circle. For Borrego, Charlotte’s first-year coach, interviewing to run Jordan’s team could have been intimidating. “We’re all human beings -- there’s a presence that comes with ‘Michael Jordan’ when he’s around,” Borrego told NBA.com in January. “But it’s healthy. He comes with a competitive spirit that you feel. “Michael was straight with me from Day 1. When I interviewed, he said, ‘I’m going to give you space to do your job. Whatever you need, you come to me. I’ll give you the resources you need.’ He has not tried to interfere one time. I feel his full support. … We’re starting to speak each other’s language, which is pretty healthy for us now.” Jordan keeps the coach apprised of his interactions with players, Borrego said. Other coaches should have such a resource at the ready. Hornets guard and 2019 All-Star starter Kemba Walker probably has benefited most from Jordan’s counsel. They text frequently, a pinch-me arrangement to this day for Walker. “I grew up wearing Jordans, grew up wanting to be like Jordan,” Walker said recently. “So for me to get this opportunity to be on his team means the world to me. He’s the one who believed in me -- I had no idea where I was going to go on draft night and he traded up for me. I’ve always heard the story, he was the one who actually drafted me. So it’s unbelievable. “He’s such a good dude. He understands what it is to be good. His delivery is always good. Only in a positive way, honestly.” Said rookie wing Miles Bridges: “You think there’ll be a lot of pressure having MJ as an owner. I’d seen how he got on his teammates when he played. So I was nervous, thinking if I had a bad game, he’d go at me like, ‘What’re you doing?’ But after meeting him and bonding with him, I feel like he’s the coolest owner out there. I don’t feel any pressure, I feel like he wants the best for us.” Big man Frank Kaminsky typically sits at the end of the bench, which puts him cheek to cheek with Jordan when he’s courtside. “He’s talking about what he’s seeing out on the court. Talking to the refs,” Kaminsky said. “Things other players don’t necessarily see. He still thinks the game. “You see things on the court that he sees. One game, the roll, pocket-pass, skip to the corner was open. He was saying that. We made an adjustment in a timeout, but he saw it a couple plays before that. At the end of that game, we had a big play that was a roll, pocket-pass, into the corner that put the game away. It worked the way he’d seen it.” The Hornets’ struggles during Jordan’s tenure as owner wouldn’t suggest it -- the last time this organization won a playoff series (2002), Jordan still was a player -- but there is a prestige to playing for his team. It’s not unlike being welcomed onto the list of elite athletes who endorse Jordan Brand. “I’m one of the lucky ones who’s in both,” Kaminsky said. “You’re talking about the most iconic player in sports history -- I might be biased because I grew up in Chicago -- but when you have his approval, it means a lot. You have it in the back of your mind that he wants you here.” Head smack or no head smack. Jordan grows as owner, businessman Basketball is a zero-sum game and the NBA is full of stars, even if none shines quite as brightly as Jordan. But business has room for negotiation and compromise, and deals get struck daily that leave both sides happy. There, Jordan has been beyond clutch. Funnel down everything he’s accomplished -- six NBA championships, the league’s highest career scoring average (30.1), five MVP awards, six Finals MVP, 10 scoring titles, nine All-Defensive team nods -- and it invariably ends with clammy hands. The “wow” factor is real and the Hornets are extremely careful about leveraging it. “It gives our organization a certain cachet,” said Whitfield, another longtime friend who goes back more than 35 years with Jordan. “For him to be majority owner, for him to do it in his home state as a local hometown hero, and to be able to come back and not just lead the team and the rebranding from the Bobcats to the Hornets, but his commitment to the community in giving back, it’s something that’s so special.” That’s a lot to unpack. When Jordan initially signed on with the Hornets, he did so as head of its basketball operations in 2006, purchasing a small minority stake in the team. The team was bad, the business was worse and trending down. “Back in ’08-09, the economy was in the tank and I was mandated to ‘displace’ 42 of our executives here on the business side,” Whitfield said. “When Michael bought the team, we were losing $30 million a year.’ Brought back into the league in 2004 two years after the original Hornets (1988-2002) were moved to New Orleans by reviled owner George Shinn, the Charlotte expansion team was owned -- and nicknamed -- by Bob Johnson, a co-founder of the BET television network. The Bobcats excelled only at losing and were 122 games under .500 in their first five seasons. The front office was understaffed, Spectrum Center (then known as Time Warner Cable Arena) needed renovations almost from its inception and there was a real sense that, if a buyer with deep pockets and a commitment to the area weren’t found, the franchise could be moved. In March 2010, Jordan ponied up the cash to become majority owner. But it says something that the deal stands as one of the few, if ever, instances of an NBA franchise being sold at a discount. Johnson paid $300 million for the team; Jordan purchased it for $275 million. Forbes.com recently had Charlotte worth $1.25 billion -- which ranks 28th. And Jordan reportedly has one of the biggest stakes of all NBA owners, with his share estimated at upwards of 90 percent, possibly as high as 98 percent. That’s a lot of success in nine years, despite the basketball team’s mostly middling performance. “With MJ being with the team, you got instant credibility in the marketplace,” said Pete Guelli, the chief operating officer who started on the job about 10 months before Jordan took ownership. “There had been a lot of uncertainty previously, but with his brand and his resources and his commitment, that just dissipated immediately. It was much, much easier to walk in the door and tell people about our vision for this franchise.” Rebranding the team as “Hornets” gave the franchise an existential boost -- it suddenly had a history again, complete with records, archives and true alumni. The arena got a makeover and, per Guelli, is credited for events there that generate an alleged $1 billion in revenues for local businesses. “Fortunately, we’ve been profitable pretty much since [Jordan took over],” Whitfield said. “That’s huge, especially since we haven’t gotten where we want to be on the basketball side.” Closing a new kind of game now It’s hard to overstate Jordan’s added value, not so much as some corporate or financial whiz but as a presence who brought instant motivation and energy to the staff. He imported executives with whom he had developed relationships at Nike or in other ventures and, after taking early criticism for an uncertain level of involvement, has been more diligent in recent years. “I love seeing him sitting at the end of the bench encouraging his players when he attends a game” said Charles F. Bowman, Bank of America’s market president for Charlotte and North Carolina. “And as a business person what impresses me is that he has empowered his management team to focus not only on the court but also on building bridges with the community. “He had a vision for where he was taking the team and a clear plan to get there. He has hired good people, gives them latitude to make decisions and he expects them to perform. Michael is unique -- the best player ever who is determined to keep getting better year over year as an owner.” The NBA has gotten a taste of Jordan’s growth and transition at some pivotal times. This is the legendary voice of the players who, during rancorous negotiations in the 1998 lockout, countered Washington owner Abe Pollin’s gripes about losing money by telling Pollin to sell his team. By the lockout of 2011, Jordan had moved to the other side of the table. But several members of the National Basketball Players Association’s executive committee saw him not as an opponent or turncoat but as a role model: someone who had transformed himself from employee to employer at the game’s highest level. “The players understood, he had been in their shoes,” Whitfield said. “He’s not forgetting what it meant to be a player. He was in the process of learning what it meant to be an owner.” When the current collective bargaining agreement was negotiated with commissioner Adam Silver and union director Michele Roberts leading the talks, Jordan was an active, powerful voice. He is an influential member of the NBA’s labor relations and competition committees. One Charlotte insider spoke to Jordan’s clout with his fellow owners in getting this weekend’s showcase -- jeopardized by a political squabble in 2017 -- back onto the league’s short list. “There’s no All-Star Game here in Charlotte if it’s not for MJ,” the person said. Last summer in Las Vegas, Silver lauded Jordan for his ability to straddle the basketball and business worlds. “He brings unique credibility to the table when we're having discussions [with the players],” he said, “and even just among the owners, he's able to represent a player point of view… Michael can say, 'Well, look, this is how I looked at it when I was a player, and these are the kind of issues we need to address if we're going to convince players that something is in everyone's interest.’ ” Jordan’s powers of persuasion apparently have been even more impressive in Charlotte and North Carolina. The executives are careful about relying on him too often -- Jordan’s most precious commodity, now that his net worth is estimated to be upwards of $1.7 billion -- is his time. But when they need Mariano Rivera to walk in from the bullpen, he is lights out. “We’ve had corporate sponsors at a golf outing, and he’s been there, maybe stayed at one hole to tell off with everybody,” Whitfield said. Or they’ll invite certain corporate sponsors to one of a few games each season in which “Club 23” is up and running at the Spectrum Center, a private club built for such purposes. They get a chance to visit, talk with and pick Jordan’s brain on the Hornets and much more. “We’ve closed all those deals,” Whitfield said. Then there was the time a local CEO wanted to finalize a sizeable sponsorship deal with the team, and had his No. 2 invite Jordan over to their headquarters for the meetings. Whitfield told the tale: “This guy says, 'You have to come to our office. Our CEO is the man in our business.' But we’re like, 'Nah, typically, CEOs come and meet in Michael’s office or in ‘Club 23’ over here.' He said no, that wasn’t going to work for them. “So Pete Guelli said, 'Let’s make a deal: We’ll take your CEO and drop him off in Beijing. And we’ll drop off Michael in Beijing. Then we’ll see who more people gravitate to. Whoever gets the least people, he has to come to the other guy’s office.'” Point made. Point taken. Said Whitfield: “The guy says, ‘You know what, I got it. We’ll be over 10 o’clock Friday morning.’” A community he calls home The Michael Jordan who once seemed determined to float above cultural and political frays as the most prudent way to serve commerce has not held back in recent years from making his presence felt. He has been more philanthropist than activist and, let’s face it, in times of the most dire need, cash beats talk every time. Charity and investing in the community can be good for business, sure. Making that a priority after Guelli’s arrival and Jordan’s purchase helped the Hornets build bridges with fans and merchants that Shinn and the original franchise’s departure had torched. More than that, though, giving back for Jordan and his team at this point in his life was the right thing to do. And do, and do, and do. The list of charitable and civic efforts Jordan and the Hornets have undertaken is long, with few outside the region or state aware of most of it. Among the highlights: - Donating $2 million to relief efforts in the wake of Hurricane Florence, particularly meaningful because of the damage it did in Jordan’s hometown of Wilmington. - Dedicated $7 million in partnership with Novant Health to fund two Michael Jordan Family Clinics, set to open in Charlotte in 2020. - Serving as Make-A-Wish’s Chief Wish Ambassador since 2008, while donating more than $5 million to the organization. His relationship with Make-A-Wish began more than 30 years ago. - Contributing $5 million as a founding donor of the Smithsonian’s National Museum of African American History and Culture in Washington, D.C. - Addressing the issue of police shootings and community policing in 2016 by donating $1 million each to the NAACP Legal Defense Fund and the International Association of Chiefs of Police. After the hurricane in September devastated so many homes and businesses in and near Jordan’s roots, he wanted to do more than to stroke a fat check. In a meeting covered by The Associated Press, he met with Stephanie Parker and her family, including four young children, after they lost their apartment in two feet of flooding. A call from the director of the Cape Fear chapter of the Red Cross brought them together. The meeting took place at a Lowe’s home improvement store. “I look around the corner, and it’s Michael Jordan. ‘Oh my God!’" Parker said. “I look at my kids, ‘It’s Michael Jordan!’ I’m not going to lie, some tears came in my eyes, because the first thing that went through my mind was when I was younger, his last game when he was on the Chicago Bulls team, and that flashback just came right in my mind.” Afterward, Jordan was coaxed by the Charlotte Observer to talk about why that disaster resonated so deeply for him. “You gotta take care of home,” he said. “Wilmington truly is my home. Kept thinking about all those places I grew up going to … You don’t want to see any of that anywhere, but when it’s home, that’s tough to swallow.” There’s basketball, there’s business and then there’s real life, which sometimes intrudes in the most desperate ways. “We didn’t know how many people in our community were hungry,” Whitfield said. “There are people in dire need, and it’s special to have that hometown hero have in his heart that ‘This is where I can help.’ “It gives not only him as a person but our organization a platform to really speak out. That commitment is what has made him a special owner, and why he’s even more beloved in our community.” Winning title No. 7 drives Jordan now To date, Jordan’s greatest achievements have come elsewhere, at least since his baseline shot as a freshman propelled North Carolina to the 1982 NCAA championship. Those Bulls championships, the “Dream Team” magnificence, his partnership with that sneaker company in Beaverton, Ore., his Naismith Memorial Basketball Hall of Fame induction, shooting “Space Jam,” all of it -- his legacy has been crafted with others, for others, mostly far from home. (For the record, Jordan, his wife Yvette and their two daughters own a mansion outside Charlotte and an estate in south Florida). “Look, this has always been home for him,” Whitfield said. “Even though he was drafted by Chicago, WGN became a very popular station. And he just continued to elevate, so people in this state were proud to say, even though he’s a Bull, we love him. When the Bulls would come here and play at the old Coliseum, these fans who were avid Hornets fans were all pulling for Michael Jordan. “He’d score, they’d cheer loudly. The Hornets would score, they’d cheer loudly. North Carolina always felt like he was their native son who went off and achieved greatness.” Coming back first to head the franchise’s basketball operations and then as owner, Jordan’s role -- in light of the modest results on the court -- has been custodial. Yes, the club’s improved financial stability is important. But for this driven winner and NBA owner unlike all others, custodial isn’t going to cut it for long. “He did an interview with Cigar Aficionado magazine a while back,” Peterson said, “and the question was asked, ‘What would you like to do?’ And he said, ‘Win a seventh championship. Win as an owner.’ So for me, every day, I’m thinking, here’s a close friend and you want to make your friends happy, right? So each day I think, do the best you can to reach this goal for him.” Said Hornets wing Nicolas Batum: “I understand. He wants to win. He wants to compete since he was born.” It hasn’t been for lack of trying, although Jordan has made sure to keep fiscal responsibility high on every agenda. The team’s payroll for 2018-19 is approximately $122.3 million, which ranks near the middle of the NBA pack. “That Michael Jordan is one cheap dude,” said an impassioned cab driver on a recent airport run. “He’s only going to spend so much and the players they get shows it.” The Hornets never have spent into the league’s luxury-tax, and if Walker is retained when he hits free agency this summer, he’ll likely become the first Charlotte player to sign a full maximum-salary contract (though the five-year, $120 million deal Batum landed in 2016 came awfully close). Injuries and dubious moves have taken a toll, a situation that Kupchak, Borrego and their staffs have been tasked with fixing. Jordan, by all accounts, is engaged yet patient, with a playoff berth and potentially a record above .500 within reach. “I’m sure he feels like,” Whitfield said, “if he were still 30 years old and could lace ‘em up and get out there, he’d help us get over the hump. I think he would cherish it as much or more than the first six. Because I think he realizes how hard it is to get it done. “But it doesn’t bother us if the fans see his frustration sitting next to our bench. It’s important to us that they see he’s not only invested, he’s vested in what our team is trying to do. They can relate to him because they’re feeling that same frustration.” Jordan is theirs again and that’s what matters. For basketball, for business, for community and in time, just maybe, in championship. Steve Aschburner has written about the NBA since 1980. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsFeb 16th, 2019

‘Call of Duty’ maker Activision Blizzard plans to lay off hundreds of employees — reports

Activision Blizzard may soon announce layoffs in an attempt to boost profit, following lower sales in 2018 that has been felt too among other gaming giants. Sources told Bloomberg in a Friday, Feb. 8 report that hundreds of job cuts are expected as the American video game restructures to improve its profits. Stocks fell from a high of $84.68 (about P4,400) to $43.41 (about P2,200) on Friday, more than a 48 percent decline. The company, which is behind titles such as "Guitar Hero", "Call of Duty" and "Diablo", admitted in a conference last November that there was a user decline for games which include "Overwatch". While Activision Blizzard is the parent company, Activision and ...Keep on reading: ‘Call of Duty’ maker Activision Blizzard plans to lay off hundreds of employees — reports.....»»

Category: newsSource:  inquirerRelated NewsFeb 12th, 2019

PH posts 4th straight month of weaker long-term investment inflows

Long-term equity capital entering the Philippines from overseas slowed for the fourth straight month in November 2018a trend that reversed the record-high investment levels reported earlier that year,.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 12th, 2019

Old School Power Rankings 2018-19: Weeks 15-16

By Scott Wraight, NBA.com It almost happened. The King almost surrendered the throne and his crown. But thanks to an impressive performance, the kingdom avoids disarray -- for now. Over the past month or so, it's becoming clear that we have a slight separation of powers, with the Big Three putting some distance between themselves and the field. But that could change depending on how a certain big man responds to his new surroundings in Toronto. And now that he's back and healthy, that gritty guard in Houston could quickly ascend the ranks. - NOTE: Statistics are through games of Feb. 8 (PHL time) - Any player who turns 32 during regular season can be added to rankings. - Check out previous rankings. 1. LeBron James (34), Los Angeles Lakers Previous rank: 1 Latest stats: 3 games, 23.3 ppg, 11.0 rpg, 10.0 apg Season stats: 27.0 ppg, 8.5 rpg, 7.4 apg James must have sensed he was about to lose his spot at the top of the mountain, as he quickly responded with an impressive triple-double against the Celtics (we'll overlook the 1-for-5 from the free-throw line). The King hasn't shown much rust since returning from a long-term groin injury, but others have elevated their game. 2. LaMarcus Aldridge (33), San Antonio Spurs Previous rank: 2 Latest stats: 7 games, 24.4 ppg, 11.6 rpg, 2.6 apg Season stats: 21.1 ppg, 8.9 rpg, 2.5 apg If not for James' triple-double on Thursday (Friday, PHL time), Aldridge would've claimed the throne. That's what happens when you grab double-doubles in five of the last seven, and go for 30-9 and 22-9 in the other two. In fact, over his last 10 games, he's only had one subpar performance (13 points and five rebounds on Jan. 24, PHL time). 3. Lou Williams (32), LA Clippers Previous rank: 3 Latest stats: 8 games, 23.3 ppg, 4.0 rpg, 6.9 apg Season stats: 19.3 ppg, 3.0 rpg, 5.2 apg We didn't forget. Williams started the stint with his first career triple-double. If that wasn't enough, he poured in a career-high 39 four games later. If that wasn't enough, he added 31 two games after that. Despite closing out the period with a relative stinker (10 points in 17 minutes), Williams is averaging 24.5 in February after 20.4 in January. 4. Marc Gasol (34), Toronto Raptors Previous rank: 5 Latest stats: 6 games, 18.0 ppg, 8.0 rpg, 3.7 apg Season stats: 15.7 ppg, 8.6 rpg, 4.7 apg It was another mixed bag for Gasol, who managed two games of 24 or more, two games of 18-19 points and two games between 8-11 points. We fully expect Gasol to step up now that he's playing on a team in the Raptors with serious title aspirations, as he should be able to integrate nicely with both the offense and defense. 5. Rudy Gay (32), San Antonio Spurs Previous rank: 8 Latest stats: 8 games, 16.5 ppg, 6.0 rpg, 3.1 apg Season stats: 14.4 ppg, 6.3 rpg, 2.5 apg Shooting 50.5 from the field and 52.2 from beyond the arc, Gay turned in six games of 15 or more points. He's now managed to score in double figures in 12 straight while shooting better than 50 percent in eight of those contests. No wonder he's shooting a career-best 52.2 percent from the field. 6. J.J. Redick (34), Philadelphia 76ers Previous rank: 4 Latest stats: 3 games, 16.7 ppg, 1.3 rpg, 2.7 apg Season stats: 18.3 ppg, 2.2 rpg, 2.8 apg A small sample size is the reason for Redick's slip, as he failed to make any big impressions in his three games. He did, however, shoot 42.3 from deep (11-for-26) while scoring 13 or more in all three. But he'll need to pocket more 20-point games if he hopes to climb back to where he was. 7. Kyle Lowry (32), Toronto Raptors Previous rank: 6 Latest stats: 5 games, 14.2 ppg, 4.4 rpg, 8.4 apg Season stats: 14.2 ppg, 4.5 rpg, 9.3 apg In three wins, Lowry averaged 17.3 points and 9.3 assists. In two losses, he averaged 9.5 points and 7.0 assists. But the shooting remains a big issue. Lowry's 40.6 FG% is his lowest since 2012-13 (40.1) and his 32.5 3PT% is his lowest since '09-10 (27.2). On a positive, Lowry's 9.3 assists per game easily rise to a career-best mark. 8. Jeff Green (32), Washington Wizards Previous rank: Just missed Latest stats: 7 games, 19.9 ppg, 3.9 rpg, 3.1 apg Season stats: 12.6 ppg, 4.5 rpg, 1.9 apg Shooting 50.0 percent from the field and 42.3 from three-point range, Green went for 20 or more points in five of seven games, including four straight -- his longest such stretch all season. Green's stellar run has been boosted by increased playing time; he's averaging 35.7 minutes in three February games after averaging 30.5 minutes in 14 January games. 9. Chris Paul (33), Houston Rockets Previous rank: NA Latest stats: 5 games, 15.0 ppg, 3.8 rpg, 7.2 apg Season stats: 15.5 ppg, 4.0 rpg, 7.9 apg Paul finally returned to action Jan. 27 (Jan. 28, PHl time) after missing 17 games with a hamstring injury. He's managed to turn in five straight double-figure scoring games to go along with six or more assists in four of the games. There's a little rust, but we like what we see, especially the 2.4 steals and 47.2 FG% during the span. 10.  Al Horford (32), Boston Celtics Previous rank: 10 Latest stats: 7 games, 14.6 ppg, 7.9 rpg, 5.1 apg Season stats: 12.6 ppg, 6.6 rpg, 3.8 apg Horford started the stint on fire, turning in back-to-back double-doubles for the first time this season. Yes, you read that right. In addition to the double-doubles, he shot 60.3 percent from the field and 2.3 blocks, including a season-best six blocks in last Monday's win over the Nets. Just missed the cut: Rajon Rondo, Dwyane Wade, Trevor Ariza, Marco Belinelli The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsFeb 10th, 2019

Antetokounmpo, Bucks win 6th straight, 122-107 over Mavs

By SCHUYLER DIXON,  AP Sports Writer DALLAS (AP) — Giannis Antetokounmpo had 29 points and 17 rebounds and the Milwaukee Bucks rolled to their sixth straight victory, beating the retooling Dallas Mavericks 122-107 on Friday night (Saturday, PHL time). Antetokounmpo was 13 of 19 from the field and got the upper hand again in his second meeting with fellow Euro star Luka Doncic, the Dallas rookie sensation who scored 20 points. He's the only original starter remaining because of two trades that were more about the future than the present. Brook Lopez scored 20 points for the Bucks, who have surged to the best record in the NBA (41-13) with a pair of six-win runs on either side of a loss. One of those victories was over the Mavericks at home, when Antetokounmpo scored 31 points to Doncic's 18 in a 10-point win. Milwaukee didn't have Nikola Mirotic a day after acquiring him from New Orleans before the trading deadline. It didn't matter as the Bucks shot 54 percent despite going 10 of 36 (28 percent) from 3-point range. Antetokounmpo repeatedly powered his way to the basket for dunks and layups, starting with the first two baskets of the game. Lopez found some favorable matchups as well, make six of eight from inside the arc while going 2 of 6 from long range. Even guard Malcolm Brogdon backed down the Mavericks for easy buckets, finishing with 18 points along with backcourt mate Eric Bledsoe. Trey Burke, one of four players to join Dallas from New York in a deal that also brought Kristaps Porzingis and sent three Dallas starters to the Knicks, scored 18 points. Tim Hardaway Jr., another guard from that trade, had 12. TIP-INS Bucks: Guards Eric Bledsoe and Brogdon scored 18 points apiece. ... F Khris Middleton was given a night of rest on the front end of a back-to-back. ... Coach Mike Budenholzer said it wasn't clear whether Mirotic would be available on the second night of a back-to-back at home against Orlando. The fifth-year forward has been listed with a right calf strain and missed his last seven games with the Pelicans. Mavericks: Antetokounmpo's brother, F Kostas Antetokounmpo, was expected to be active before he was a late scratch because of an illness. The younger Antetokounmpo is a rookie who hasn't played for the Mavericks and has spent most of the season with their G-League team. He was active but didn't play when the teams met in Milwaukee last month. ... Dallas had a season-high 22 3-pointers, going 9 of 16 from long range in the third quarter. NO RANDOLPH FOR MAVS Dallas waived Zach Randolph two days after acquiring the forward while sending Harrison Barnes to Sacramento in a trade designed for salary-cap relief. The 37-year-old Randolph never played for the Kings in his second season with them. Justin Jackson, the other player in the deal, made his Dallas debut late in the fourth quarter. By trading Barnes, the Mavericks put themselves in position to acquire another front-line player to go with rookie sensation Luka Doncic and Porzingis, a 2018 All-Star. Porzingis isn't playing this season as he recovers from a knee injury sustained last February. UP NEXT Bucks: Go for three-game season sweep of Orlando at home Saturday. Mavericks: Portland on Sunday in finale of three-game homestand......»»

Category: sportsSource:  abscbnRelated NewsFeb 9th, 2019

Forex buffer hits 20-month high

The country’s foreign exchange buffer increased for the third straight month to hit a 20-month high of $82.13 billion in January due to strong inflows after the national government issued $1.5 billion worth of 10-year global bonds, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsFeb 9th, 2019

Strong peso helps shore up PH forex reserves

The country's dollar reserves rose slightly in January as bullish sentiment on the peso encouraged investors to keep their assets denominated in the local currency during the period.   In a statement, Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. said the country's gross international reserves rose to $82.13 billion as of end-January 2019, according to preliminary data.   This was higher than the $79.19 billion recorded in December 2018 due mainly to inflows arising from the net foreign currency deposits by the national government, BSP's foreign exchange operations, revaluation gains from BSP's gold holdings resulting from the increase in the price of go...Keep on reading: Strong peso helps shore up PH forex reserves.....»»

Category: newsSource:  inquirerRelated NewsFeb 8th, 2019

PH dollar reserves hit 20-mth high in Jan

THE Philippines’ gross international reserves (GIR) rose to a 20-month high of $82.132 billion in January, a development the Bangko Sentral ng Pilipinas (BSP) traced to its foreign exchange operations…READ The post PH dollar reserves hit 20-mth high in Jan appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsFeb 8th, 2019