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Cement sales rise 10% in 9 months

MANILA, Philippines – Local cement sales slowed down in the third quarter of the year but the industry sustained a double-digit growth during the nine-month.....»»

Category: financeSource:  philstarRelated NewsNov 15th, 2016

Poll puts Q2 growth still close to 7%

ECONOMIC GROWTH likely steadied or slowed slightly last quarter from the year’s first three months, as spending related to the May 9 national elections peaked, according to analysts polled by BusinessWorld last week......»»

Category: newsSource:  bworldonlineRelated NewsAug 14th, 2016

Front Page: Poll puts Q2 growth still close to 7%

ECONOMIC GROWTH likely steadied or slowed slightly last quarter from the year's first three months, as spending related to the May 9 national elections peaked, according to analysts polled by BusinessWorld last week......»»

Category: financeSource:  bworldonlineRelated NewsAug 14th, 2016

Economy: Revenue growth fastest in real estate sector -- PSA

THE real estate sector was the fastest-growing generator of revenue in the third quarter of 2016, the Philippine Statistics Authority (PSA) reported yesterday......»»

Category: financeSource:  bworldonlineRelated NewsJan 19th, 2017

Chile amateur goes from no big victories to Masters

DOUG FERGUSON, AP Golf Writer   HONOLULU (AP) — Toto Gana hit what he described as the 'best shot I've hit in my whole life,' a wedge to 3 feet for a birdie to win the Latin America Amateur Championship and earn a trip to the Masters in April. His best shot produced his biggest trophy. Asked what his greatest achievement in golf was before his victory in Panama, the 19-year-old from Chile said: 'I didn't have any achievements, to be honest. I had won a couple of tournaments at home when I was really, really young.' The Latin America Amateur completed its third year, a stroke-play tournament created by Augusta National, the USGA and the Royal & Ancient to spur growth in that part of the world. It follows the successful launch of the Asia Pacific Amateur. The Asia Pacific Amateur is producing a higher pedigree of champions — Hideki Matsuyama won twice, and the winner last year was Curtis Luck, the reigning U.S. Amateur champion. The last two Latin America winners were surprises — Gana and 16-year-old Paul Chaplet of Costa Rica last year. The other winner was Matias Dominguez of Chile, who was a junior at Texas Tech. Gana said the only hard part about his victory was beating Joaquin Niemann of Chile, one of his best friends who won the Junior World in 2015 at Torrey Pines. 'I really never thought I could win this tournament because all the other players have won many other tournaments, very big tournaments,' Gana said in a conference call after his victory Sunday. 'What I did was keep a cool head. When I saw that I had a chance to win, I believed in myself that I could do. And I gave it my all.' Chile will have a player represented at Augusta National for the second time in three years. The only other Chilean player at the Masters was Enrique Orellana, who missed the cut in 1964. Gana has flair, and he showed how much passion he has for golf when explaining how he got started. 'When I was a little boy, 8 years old, my stepfather taught me to play golf on the practice range,' he said. 'When I shot a really nice shot, I never quit.' Gana will be enrolling at Lynn University in Florida. ___ BLOOMING START: Justin Rose played the Sony Open as part of the new 'strength of field' regulation on the PGA Tour that requires players who played fewer than 25 events last year to add a tournament they had not played in four years. Rose was so excited about this year that he might have started earlier if he would have been eligible. He failed to win a PGA Tour event for the first time since 2009. But in a year slowed by injury, Rose geared himself for golf's return to the Olympics and won the gold medal in Rio. That was worth an exemption into the four majors (Rose already is eligible for them), but the PGA Tour did not offer a spot in SBS Tournament of Champions. 'I didn't inquire,' Rose said about Kapalua. 'But in my mind, I was surprised that it didn't count in a way, just because, why wouldn't it? It's a one-off thing.' He thought maybe the tour would only give a spot to Kapalua if the gold medalist was already a PGA Tour member, much like it treated the HSBC Champions early on in its World Golf Championships history. Rose chuckled, however, when he realized his history in Hawaii. 'It's funny enough, I don't have the right to say I should have been at Kapalua,' he said. 'Because I've won six years in a row and I've only been once.' A birdie on the final hole at the Sony Open gave him second place alone, which was worth $648,000. ___ PLAYING TO HIS STRENGTH: Jason Dufner is the defending champion at the CareerBuilder Challenger, where he won last year for the first time since the 2013 PGA Championship at Oak Hill. What changed? Very little. He attributed the drought to a neck and shoulder injury that he suffered at the 2014 Masters. Dufner tried to play through it all year until he was forced to pull out of his title defense in the PGA Championship at Valhalla, which kept him off the Ryder Cup team. Playing with the injury led to bad habits with his swing, which led to bad shots, too many memories of bad shots and eventually shattered confidence. 'People don't realize, once you start playing, you have to redo everything,' Dufner said. 'You see it with a lot of guys coming back. It takes them 6, 8, 12 months. I spent 2015 trying to get back to where I was.' Where he wants to be is one of the top ball-strikers in the game. As for putting? He manages. Dufner has finished no higher than No. 143 in the key putting statistic over the last four years, and while he has to pay attention to his setup, it's not as though he's going to abandon what got him here (his swing) to pour everything into becoming Jordan Spieth. 'I've been putting bad for 17 years,' he said. 'It's tough to change. I can hit it good enough to make up for it. I'll wait for my weeks where I putt good and try to win.' ___ THE RACE TO MEXICO: Mackenzie Hughes won the RSM Classic, and his first thought was going to the Masters. Now that it's beginning to sink, the Canadian rookie has reason to consider other tournaments that were not on his schedule at the start of the season. First up is the World Golf Championship in Mexico. The top 10 in the FedEx Cup standings through the Honda Classic are eligible for the Mexico Championship, and there are only six tournaments between now and then. That's also true for Pat Perez, who tied for third at Kapalua and is No. 3 in the FedEx Cup. Rod Pampling is at No. 6. The other World Golf Championships event in March is based off the world ranking, so those three players have much more to do for them to get into the top 64. One player who might have secured his spot was Kevin Kisner, who shot 60 in the third round of the Sony Open and wound up in a tie for fourth. That took Kisner from No. 51 to No. 41, making it difficult to fall that far in two months. ___ DIVOTS: Justin Thomas moving to No. 8 in the world means that six of the top 10 players are under 30. ... The Golf Writers Association of America has voted former PGA Tour Commissioner Tim Finchem for the William D. Richardson Award for outstanding contributions to golf. For the GWAA's award for press cooperation, it was a tie between Ben Crenshaw and Stewart Cink. They will be honored at the GWAA annual awards dinner on April 5 in Augusta. ... The three courses used for the CareerBuilder Challenge — PGA West Stadium Course, PGA West Nicklaus and La Quinta — ranked among the top 10 in easiest courses on the PGA Tour last year. ... The fourth Latin America Amateur Championship will be played at Prince of Wales Country Club next year in Santiago, Chile. ... The European Tour now has eight events in its Rolex Series with China-based HNA Group signing a five-year deal to be title sponsor of the French Open. That will raise the purse to $7 million in line with other Rolex Series events. ___ STAT OF THE WEEK: Justin Thomas hit 34 drives that went at least 330 yards during his two weeks in Hawaii — 20 on the Plantation Course at Kapalua, 14 at Waialae Country Club. ___ FINAL WORD: 'If there's no defense, then you ought to be able to make birdies. If there's wind, you ought to be struggling.' — Kevin Kisner. .....»»

Category: sportsSource:  abscbnRelated NewsJan 17th, 2017

Embiid strong in the fourth as 76ers beat Bucks

em>By Joe DiGiovanni, Associated Press /em> MILWAUKEE (AP) -- Joel Embiid scored 12 of his 22 points in the fourth quarter and the Philadelphia 76ers won for the fourth time in five games, beating the Milwaukee Bucks 113-104 on Monday (Tuesday, PHL time). The Sixers improved to 13-26. Their only recent loss was Saturday (Sunday, PHL time) at Washington, when Embiid didn't play. Embiid is limited to 28 minutes per game while trying to overcome injuries that have slowed his career. Embiid had 12 rebounds. He made four of nine shots and 13 of 18 free throws. Jabari Parker and Giannis Antetokounmpo each scored 23 points for Milwaukee. Antetokounmpo was in foul trouble for most of the second half, scoring only two points in 11 minutes after the break and fouling out with 2:51 to go. Dario Saric scored 17 points and Ersan Ilyasova added 12 for the Sixers. The 76ers used a 12-2 run to take control of the game midway through the fourth quarter. A dunk by Jahlil Okafor began the burst and Embiid capped it with a pair of free throws. Milwaukee missed 10 of its first 13 shots in the quarter to fall behind 97-87 with less than five minutes to play. Tony Snell's three-pointer capped a 13-0 run and gave Milwaukee a 48-40 lead. strong>FOUL TROUBLE /strong> Antetokounmpo had a marvelous first half with 21 points, making 9-of-11 shots. But the Bucks star picked up his fourth foul with 6:04 left in the third quarter and didn't return until the beginning of the fourth quarter. He lasted just 38 seconds in the fourth quarter before committing his fifth foul and heading back to the bench. strong>TIP-INS /strong> em> strong>76ers: /strong> /em> G T.J. McConnell was in Philadelphia to have an MRI on his right wrist. He had started the past seven games for the 76ers, which went 5-2 in that span. Sergio Rodriguez started in his place. em> strong>Bucks: /strong> /em>Parker spoke to the Milwaukee crowd before the game about Martin Luther King Jr.'s legacy. 'His legacy, his leadership, his characteristics really resemble what our country needs to be like today,' he said. strong>UP NEXT /strong> em> strong>76ers: /strong> /em>Host Toronto Wednesday night (Thursday, PHL time). em> strong>Bucks: /strong> /em> At Houston Wednesday night (Thursday, PHL time).   .....»»

Category: sportsSource:  abscbnRelated NewsJan 16th, 2017

Arts & Leisure: Big stars, bigger money fail to revive China's box-office boom

SUPERSTARS Jackie Chan and Matt Damon, along with the most expensive movie ever made in China, were not enough to revive growth in the country's box-office sales, which slowed last year to the weakest pace since at least 2008......»»

Category: financeSource:  bworldonlineRelated NewsJan 2nd, 2017

Firms in Asia fret about political uncertainty, sluggish demand

KUALA LUMPUR -- Confidence in Asia toward business conditions over the coming six months dropped this quarter to its lowest level in a year as firms fretted about sluggish demand in a persistently low-growth economic environment, a Thomson Reuters/INSEAD .....»»

Category: newsSource:  bworldonlineRelated NewsDec 14th, 2016

Economy: ANZ upgrades GDP forecasts for Philippines

ECONOMISTS at ANZ Research have revised upward the bank's growth forecast for the Philippines for this year and 2017, taking into account an above 7% expansion seen during the third quarter and the sustained strength in private investment which are seen s.....»»

Category: financeSource:  bworldonlineRelated NewsDec 7th, 2016

Q4 GDP could grow by 6.9% -- Budget chief

THE ECONOMY could muster close to 6.9% growth this quarter as public spending remains robust, the country's Budget chief said, which if realized could bring the full-year average closer to the high end of the government's target......»»

Category: newsSource:  bworldonlineRelated NewsDec 5th, 2016

Factory growth slows, but leads ASEAN

BUSINESS was even better in November for Philippine factories which continued to outdo Southeast Asian peers, according to the latest Nikkei Philippines and ASEAN Manufacturing PMI reports that nevertheless showed that improvement slowed for the second st.....»»

Category: newsSource:  bworldonlineRelated NewsDec 1st, 2016

Front Page: Factory growth slows, but leads ASEAN

BUSINESS was even better in November for Philippine factories which continued to outdo Southeast Asian peers, according to the latest Nikkei Philippines and ASEAN Manufacturing PMI reports that nevertheless showed that improvement slowed for the second st.....»»

Category: financeSource:  bworldonlineRelated NewsDec 1st, 2016

PH Economy Posts 7.1 % GDP Growth in 3rd Quarter of 2016

PH Economy Posts 7.1 % GDP Growth in 3rd Quarter of 2016.....»»

Category: newsSource:  metrocebuRelated NewsNov 30th, 2016

IMF lauds PH growth but we can do more

The International Monetary Fund (IMF) had very laudatory words for the Philippine economy last Monday. Shanaka Jayanath Peiris, IMF resident representative, lauded our stronger-than-expected expansion in the third quarter of this year and so the IMF is se.....»»

Category: newsSource:  tempoRelated NewsNov 30th, 2016

Focusing on the task at hand

In the middle of all the political noises we have been hearing recently, two pieces of good news went largely (and sadly) unnoticed. The first is the 7.1% growth in our Gross Domestic Product (GDP) for the 3rd quarter of 2016. The second is the recent ann.....»»

Category: newsSource:  tempoRelated NewsNov 29th, 2016

IMF set to raise Philippine forecast

THE INTERNATIONAL Monetary Fund (IMF) is poised to raise its growth forecast for the Philippines after official third-quarter gross domestic product (GDP) data beat expectations, although estimates for the following years will be reviewed in the face of h.....»»

Category: newsSource:  bworldonlineRelated NewsNov 27th, 2016

IMF to hike growth outlook

The International Monetary Fund is set to raise its growth forecast for the Philippines this year from the initial estimate of 6.4 percent, after the gross domestic product expanded 7.1 percent in the third quarter, an official said over the weekend......»»

Category: financeSource:  thestandardRelated NewsNov 27th, 2016

ADB raises Philippine forecast

THE ASIAN Development Bank (ADB) has raised its forecast for the Philippines anew, putting full-year 2016 gross domestic product (GDP) growth at 6.8% in the wake of strong third-quarter expansion to cement the country's position among the region's fastest.....»»

Category: newsSource:  bworldonlineRelated NewsNov 24th, 2016

Front Page: ADB raises Philippine forecast

THE ASIAN Development Bank (ADB) has raised its forecast for the Philippines anew, putting full-year 2016 gross domestic product (GDP) growth at 6.8% in the wake of strong third-quarter expansion to cement the country's position among the region's fastest.....»»

Category: financeSource:  bworldonlineRelated NewsNov 24th, 2016

Sustaining high growth, domestic push factors and external headwinds

A year-on-year growth rate of 7.1 percent for the third quarter of 2016 assures the Philippine economy is on a high growth path......»»

Category: financeSource:  philstarRelated NewsNov 22nd, 2016