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GOCC subsidies rise 27% in 2017 led by PhilHealth

SUBSIDIES granted to government-owned and -controlled corporations (GOCCs) in 2017 grew 27%, with the Philippine Health Insurance Corporation (PhilHealth) continuing to take the largest share. The Bureau of the Treasury (BTr) said subsidies provided by the national government hit P131.09 billion in 2017, compared with P103.19 billion in 2016. The government had budgeted P152.22 billion […] The post GOCC subsidies rise 27% in 2017 led by PhilHealth appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineMar 13th, 2018

GOCC subsidies rise 27% to P131 billion in 2017

MANILA, Philippines — The national government released P131.09 billion in subsidies last year to state corporations to support their respective programs and.....»»

Category: financeSource:  philstarRelated NewsMar 14th, 2018

GOCC subsidies down 25% in Jan

MANILA, Philippines - Subsidies granted to government-owned and -operated corporations (GOCC) declined by a quarter in the first month of 2017 as it reached.....»»

Category: financeSource:  philstarRelated NewsApr 2nd, 2017

What are the issues hounding PhilHealth both internally and externally?

The Philippine Insurance Health Corporation is facing multiple issues both internal and external that could affect its more than 41 million members and 93 million beneficiaries. PhilHealth President Serna President Rodrigo Duterte dismissed its interim President Celestina Ma. Jude dela Serna over questionable costly travel expenses she made in 2017 while the health insurance firm […].....»»

Category: newsSource:  interaksyonRelated NewsJun 15th, 2018

Palace: Phl not taking soft stance on China

The Palace denied it is going soft on China amid reports of a resumption of build-up over disputed portions of the South China Sea (SCS) that foreign ministers of the Association of Southeast Asian Nations (Asean) have criticized. Presidential spokesman Harry Roque said the Philippines shares Asean leaders’ concern regarding China’s aggressive actions on what is said to be the world’s busiest waterways.The recently concluded Asean foreign and defense ministers in Singapore issued a statement that did not name China but said that “land reclamations and activities in the area . . . have eroded trust and confidence, increased tensions and may undermine peace, security and stability in the region.” The Asean ministers resolved to expedite the code of conduct (CoC) on how to negotiate with China regarding overlapping maritime claims.“Asean’s concern on the Chinese build-up is right because Asean, as a regional bloc, wants to adhere to discussions pertaining to the code of conduct,” Roque said.“We cannot be not joining the call because the Philippines is one of those concerned in this campaign,” he added.Roque also disputed views that Manila is not among those insistent in pressing Beijing to speed up the CoC drafting. “We are not being too soft (on China) but we have an established policy on that. Number one, of course, is we are one with Asean in recognizing that this is a concern for all Asean countries. Particularly that of the freedom of navigation in the West Philippine Sea,” Roque said.“Our common concern is peace security and stability in one of the world’s busiest sea lanes,” he added.During Manila’s hosting of the Asean last year, President Duterte did not cite the Permanent Court of Arbitration (PCA) ruling that nullified Beijing’s sweeping claim over nearly the entire South China Sea.It was the Philippine government that contested China’s nine-dash-line claim before the Hague court. China, however, refuses to recognize it.Apart from the Philippines, other Asean countries also have overlapping claims at the South China Sea including Vietnam, Malaysia and Brunei.Reclamation to continueChina in its known mouthpiece Global Times said Beijing is concentrating on civil and not military construction on islands in the South China Sea but insisted that the Chinese “will expand land reclamation.”“Most of the construction on islands in the South China Sea were completed in 2015 and the pace then slowed. Civilian facility construction is the major focus of the South China Sea islands building and the portion of defense deployment is relatively small,” Global Times quoted Chen Xiangmiao, a research fellow at the National Institute for the South China Sea.The size of some South China Sea islands will be further expanded in future through more dredging in the South China Sea region, Chen said.The relationship between China and other Southeast Asian countries, such as the Philippines, has becalmed in recent years, providing a golden opportunity for China to upgrade these areas, he said.China and the Philippines are enjoying good terms as President Rodrigo Duterte maintains a friendly policy toward China, Chen said. “But there is still some domestic pressure that urges Duterte to take a tough stance on China and the South China Sea issue,” Chen said.Foreign media like to hype China’s construction in the South China Sea as they try to make excuses to prevent China’s activities in this region, Zhuang Guotu, head of Xiamen University’s Southeast Asian Studies Center, told the Global Times.“China has the right to build whatever it needs within its territory,” Zhuang said.China’s military deployment in the South China Sea region was “not for military expansion,” but to defend its security and interests, he said.Zhuang and Chen warned the US is the biggest threat to stability in the South China Sea.“The US, Australia, Japan and other allies will constantly provoke China over this issue and that will incite other neighboring South China Sea countries to do the same,” Zhuang said.China’s construction projects in the region covered about 290,000 square meters in 2017, including new facilities for underground storage, administrative buildings and large radar, according to a report released in December on the nanhai.haiwainet.cn website run by the National Marine Data and Information Service and People’s Daily Overseas edition. No foreign vessels at BenhamThe Armed Forces of the Philippines (AFP) has not monitored any foreign vessels at the Philippine Rise, formerly known as Benham Rise, during its latest patrol in the area. Lt. Col. Isagani Nato, AFP-Northern Luzon Command (Nolcom) spokesman, said that based on the latest patrol conducted by Nolcom troops, there was no presence of foreign ships at Philippine Rise.“As of now, we don’t have a report that there is presence (of foreign vessels) in Benham Rise,” said Nato.Earlier, Agriculture Secretary Emmanuel Piñol announced that President Duterte has banned foreign ships at the Philippine Rise and ordered the military to patrol the area.The announcement came following an uproar from government critics after the Duterte administration allowed the Chinese to conduct scientific research at the Philippine Rise.Nato, however, said that Nolcom is yet to receive official order regarding the matter.But Nato maintained that with or without the latest directive, Nolcom has regularly conducted air and maritime patrols along Philippine Rise.Apart from Nolcom, the Air Force and the Philippine Navy, Nato said that the Philippine Coast Guard, the Bureau of Fisheries and Aquatic Resources (BFAR) and the Philippine National Police-Maritime Group (PNP-MG) also conduct their own patrol in the area.He said the Nolcom uses air and naval assets of the Navy and the Air Force units under its jurisdiction.“We conduct our patrols regularly. It is a mandate of Nolcom forces so that is continuous with or without the directive from higher ups,” said Nato.According to Nato, Nolcom conducts three to four maritime and air patrol at Philippine Rise per month as part of the government efforts to secure the country’s maritime domain.ML ruling lauded, hitThe Supreme Court’s (SC) decision to uphold Mr. Duterte’s year-long martial law extension in Mindanao also drew mixed reactions.The High Court on Tuesday voted 10-5 junking militant groups’ petition and finding “sufficient factual basis” to extend martial law and suspend the privilege of wirt of habeas corpus in Mindanao until December 31, 2018.Roque welcomed the ruling saying that it affirms the need to continue protecting citizens from the threat of terrorist groups, primarily Islamic State (IS)-inspired fanatics.But for Left-leaning groups who petitioned the SC to lift martial law, the court decision opens up more crackdowns and human rights violations.The Palace official has insisted that human rights will be respected amid security operations.“The SC ruling underscores the unity of the whole government in its bid to defeat terrorism and prevent the spread in other parts of the country of DIWW and other like-minded local and foreign terrorist groups,” Roque said.“The majority of votes is a manifestation of confidence on law enforcement agencies that they shall, like they had been doing before, continue to protect our people, secure Mindanao, and pursue the bigger task of rehabilitation while upholding the rule of law, Human Rights, and International Humanitarian Law,” he added.Human rights watchdog Karapatan sees the contrary in the government’s motives, saying that the year-long military rule will boost attacks on the people.The continuous implementation of martial law in Mindanao will allow the unhampered massive rehabilitation in war-torn Marawi City and boost the security forces campaign to finish off the rebellion, the Department of National Defense (DND) said. In a statement, Defense Secretary Delfin Lorenzana said that the Supreme Court’s decision affirming the constitutionality of the one-year extension of martial law in Mindanao will definitely boost government efforts to rebuild Marawi City and address continuing rebellion.The defense chief welcomed the SC decision as a vote of confidence to the government security forces.“The DND – AFP is grateful for the trust and confidence of our public institutions and the support of the Filipino people,” said Lorenzana. Mario J. Mallari.....»»

Category: newsSource:  tribuneRelated NewsJun 7th, 2018

Dansalan College to rise from the rubble

On May 23, 2017, a security guard saw men in black identified as belonging to the Maute group of terrorists, throw bottles filled with gasoline and burned the buildings of Dansalan College Foundation Inc. in Marawi City......»»

Category: newsSource:  philstarRelated NewsMay 30th, 2018

Home Credit posts sharp rise in receivables in 2017

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

Category: financeSource:  philstarRelated NewsMay 29th, 2018

Eduard Folayang and his familiar path to glory

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

Category: sportsSource:  abscbnRelated NewsMay 28th, 2018

Thrift banks’ non-performing loans rise at end-March

SOURED DEBTS held by thrift banks picked up anew in March to outpace the growth in total loans, latest data from the Bangko Sentral ng Pilipinas (BSP) showed. Non-performing loans (NPLs) held by these lenders stood at P44.633 billion, 11.4% higher than the P40.069 billion in soured debts incurred in March 2017. The rise in […] The post Thrift banks’ non-performing loans rise at end-March appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 22nd, 2018

Remittances likely grew in March despite deployment ban

MONEY sent home by overseas Filipino workers (OFWs) likely kept growing in March despite a deployment ban to Kuwait, HSBC Global Research said. Remittances likely grew by 4.5% during the month, matching the pace clocked in February although slower than the 10.7% increase logged in March 2017. “We expect March remittances to rise 20.5% month […] The post Remittances likely grew in March despite deployment ban appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 13th, 2018

Big banks’ NPLs rise in March

BAD DEBTS held by big banks posted a modest increase in March even as lending surged to hit nearly P8 trillion, latest central bank data showed. Non-performing loans (NPLs) held by universal and commercial banks posted a minimal increase to P104.4 billion, 4.7% higher than the P99.712 billion posted in March 2017. The figure even […] The post Big banks’ NPLs rise in March appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 9th, 2018

Draw of another title lights postseason path of Warriors

By David Aldridge, TNT Analyst One of the Golden State Warriors’ people, walking out of Smoothie King Center Sunday (Monday, PHL time), summarized the team’s season so far in detailing Kevin Durant’s 38-point performance against the Pelicans in Game 4 of the Western Conference semifinals. “Sometimes, people forget,” he said, a wry smile on his face -- and, yes, they do. With all that has gone on around the league this season, the Warriors’ storyline hasn’t been quite as eyeballed nationally this season compared with previous years. (Not that they should care. It’s just an observation.) The Cleveland Cavaliers blew things up last summer and reformed in the fall, blew it up again in the winter and reformed again in the spring. The Boston Celtics are displaying amazing resilience through seemingly devastating injuries to put themselves on the brink of another conference finals. The Philadelphia 76ers have their Fun Bunch. There was Paul George’s trade to Oklahoma City (and all that entailed, now and later) and the Toronto Raptors’ dramatic and successful changes throughout the year. And, at the forefront, there was the Houston Rockets’ rise as a legit and serious challenger to the Warriors in the Western Conference. During the regular season, the Warriors’ energy and productivity dropped off ever so slightly, like the planet killer in “The Doomsday Machine,” one of the all-time best original “Star Trek” episodes, after the doomed Commodore Decker drove a Shuttlecraft right down its throat. (Of course, Captain Kirk figured out to destroy it. Dude, come on. This is James Tiberius Kirk we’re talking about.) And at the end of the regular season, they were hit with a series of body shot injuries: Stephen Curry’s MCL strain, Durant’s ribs, Klay Thompson’s thumb injury, Draymond Green’s hip, and on and on. Those all sapped their continuity and made them look mortal down the stretch of the 2017-18 season, and the Warriors went 7-10 as the season waned. But, after dispatching the Kawhi Leonard-less Spurs in five games in the first round, and taking a 3-1 lead on the Pelicans now, they’re again on the precipice of the Western Conference finals. A date with Houston is looming and a chance at a third title in four seasons is still on their racket. “I think as the playoffs go on, every series requires a different intensity level,” Green said last week. “I think we met that standard that it takes to win playoff games at the level we’re at right now, which is the second round. It’s not our first rodeo. We’ve been here a lot of times and we know what it takes.” Steve Kerr rolled the “Hamptons Five” lineup out Sunday (Monday, PHL time), the Lineup Formally Known as Death -- Curry, Thompson, Andre Iguodala, Green and Durant. It’s been their trump card for almost two years, the lineup that can’t be solved by the opposition, even as it’s chipped away at most of Golden State’s other conventional units. Durant went for 38, and the Warriors rolled to a 118-92 win and a 3-1 series lead. They didn’t use it much this season -- that quintet only played 127 minutes together this season, after logging 224 minutes last season -- because of all the injuries, because they tried to limit their biggest players’ minutes and because using Iguodala as a starter thins out Golden State’s bench. The Warriors’ most frequently used five-man unit this season featured Zaza Pachulia at center; among five-man units leaguewide that played 200 minutes or more together this season, per NBA.com/Stats, that quintet was third in the league in Offensive Rating, at 118.6. But Pachulia hasn’t played a minute in the playoffs, and if the Rockets are the Warriors’ next opponent, he may not play much then, either, against Clint Capela. Kerr often points out that the Warriors have six centers on the current roster, and most of them have gotten at least a little run at various points. But after JaVale McGee was ineffective in Game 3 against New Orleans Friday (Saturday, PHL time), Kerr pulled his trump card. It’s still a game-changer, and when a season comes down to a best-of-seven series, one game can be the difference. “We all bring the best of each other,” Curry said of the Hamptons unit. “We increase the pace of the game, but the versatility [is] at the defensive end -- Andre, Draymond, KD shoring up the paint, switching a lot of the screens and the action from the offense and Klay doing what he does on the perimeter. I think the biggest thing offensively is that we’re all playmakers, try to look for the best shot, stay within ourselves and just make the right play.” Going back to the old playlist may give the Warriors comfort in what has been another drama-filled season, with the contretemps about being disinvited from the White House by President Trump in September getting things off to a rollicking start. But the end of the season was what raised eyebrows around the league. Curry’s absence down the stretch combined with a teamwide ennui -- “I really don’t like talking about it,” Thompson said -- that gave potential playoff opponents hope they might be able to catch Golden State napping. The Warriors’ boredom showed up most at the defensive end. After being in the top seven in both unadjusted and adjusted Defensive Rating in each of the last four seasons -- including first in the league in both categories in the first championship season of 2014-15 -- Golden State fell to 11th and 12th, respectively, in the regular season. They came out of the All-Star break focused -- they were fifth in the league in Defensive Rating on March 1. But all the injuries blunted their momentum, and the scariest of all -- a serious injury to second-year guard Patrick McCaw in Sacramento March 31 (April 1, PHL time) -- shook the team more than people on the outside realized. “Throughout that time, we had spurts,” Durant said. “We played a great OKC team. We went in there and won. Then we lost to Indiana by 20, and then it’s like, when you’re riding just on emotion a lot, you tend to go up and down. It’s like a roller coaster. I think that’s what it was. We had those spurts where we played well and played a focused game, but then Patty goes out, boom, and there was just so much that went on with that. Then Steph goes out with a freak injury. So much went on with that. I think we were just so up and down emotionally it kind of blinded us from our goal, which was to be good every single night as basketball players.” McCaw’s injury -- a bone bruise suffered when he fell after a dunk attempt against the Kings, which required him to be carried off the court in Sacramento on a stretcher -- hit everyone hard. “When Pat got injured, I think that took a little bit out of us,” Durant said. “It took a little bit out of Steve as well. You could just feel it, when Steph went out, then I went out, then Draymond, then Klay. Our emotions were so up and down. When your emotions are, you have too many emotions in the game of basketball, it can kind of blind you from what you really have to do. This is a technical game. So when you put too many emotions into it, it kind of took us away from what we wanted to do.” McCaw, who played in 57 games this season, was not only a part of Kerr’s rotation. He is also a well-liked person who was getting better on the floor. He was re-evaluated last week and will be checked out again in a month. Though he’s been traveling with the team during the playoffs, his season is almost certainly over. And as his injury came during the Warriors’ many injuries down the stretch, its chilling effect was multiplied. “It definitely got to everybody,” Green said. “Kind of the uncertainty of not knowing what’s going on with him. The rotations. Everybody’s like, ahh, kind of tiptoeing around, trying to make sure you get to the playoffs healthy. A lot of that makes a difference. I mean, that’s our brother. To see him down like that, not be able to walk off the court under his own power, him not being around us for two or three weeks, it was kind of like the unknown. It sucked. And I think it definitely had an effect on everything.” But Durant doesn’t like the metaphor of the proverbial switch being turned on at playoff time explaining the team’s improvement the last couple of weeks. “I don’t like when you call it a switch,” he said. “Because guys come in and get extra work in every single day. They work on their bodies every day, they get treatment. You come in here any time, you see guys in here working on their games. I think when you say ‘a switch turned on,’ if guys went cold turkey on everything as professionals during the season, and just tried to pick it up in the playoffs, I think that’s turning on a switch. Mentally, focus-wise, game plan-wise, I think you can turn on a switch, because you can lock in on an opponent, you know their tendencies, you can just focus in on one group of players instead of one day it’s San Antonio, the next day it’s Phoenix, next day it’s Sacramento. You’re going so up and down. If that makes sense. “So I think everybody’s putting in that work individually all year, and as a team, you know, stuff has to come together. We have to focus in on what we need to do, game plan wise, tendency wise, just try to take away things. I think that’s where you kind of turn it up just a bit.” Golden State has performed in fits and starts in the first two rounds. The Spurs didn’t have enough firepower to be a serious threat, but they played hard and were increasingly effectively on defense as the series went on. The Warriors didn’t really have an answer for LaMarcus Aldridge after Game 1. New Orleans had, until Sunday (Monday, PHL time), been more and more successful at making the Warriors shoot contested shots. That certainly gibes with Curry’s return after five weeks. He’s healthy, but rusty. After his adrenaline-filled return last Tuesday (Wednesday, PHL time) in Game 2 against the Pelicans, he made just 14-of-33 from the floor in the two games in New Orleans. There was talk afterward about breakthroughs for Curry cardiovascularly. The next few games will tell whether Curry is truly recovered and ready to be two-time Kia MVP Steph … or will he just be on the floor (as he was for long and important stretches in the 2016 playoffs after returning from a Grade 1 knee sprain). The Warriors still made The Finals, but Curry wasn’t Curry against Cleveland, and everyone, starting and ending with LeBron James, knew it. No one in NBA history has changed the geometry of basketball more than Curry, and when he’s on the floor, the ball starts flying around. “Our formula is simple: if we out-pass people, we win,” Warriors forward David West said. “Ball movement. With guys going in and out of the lineup, it causes moments where guys try to carry the load, maybe try to shoulder the load individually. But the strength of the group is the group.” But the Warriors can still throw so many different things and people at you. Iguodala shot a career-worst 28.2 percent on three-pointers in the regular season. He’s at 39.3 percent in the 2018 playoffs. Does anyone doubt he was biding his time until the postseason? No one wearing an NBA uniform is in better shape than the 34-year-old Iguodala, no one is smarter about the game or matchups, and no one is a prouder, fiercer competitor. The 2015 Finals MVP brings his bag of intangibles with him on the road even more than at home, as he did Sunday. In that game, he was making life miserable for the Pelicans’ Nikola Mirotic, creating deflections, making the right reads and impacting the game despite scoring just six points. Kerr likened him to Scottie Pippen after Game 4, but Iggy wasn’t buying it -- “Steve just does that to make sure I don’t get mad ‘cause I don’t shots,” Iguodala quipped. He may be right. But Iguodala and Green have a mind meld defensively that’s at the heart of the Hamptons’ effectiveness. “Andre and I, we’re usually on the same page,” Green said. “Two guys who really think the game, especially on that side of the ball. Sometimes we can talk things out and it works perfect and not say a word, and know what each other’s going to do. It definitely helps our team out defensively kind of having two coaches out there on the floor on that side of the ball.” Whether it’s switching to guard each other’s man, running at an open shooter to close before the ball gets there with the other man rotating, they know what the other guy is going to do. And that second or so the Warriors save defensively keeps them from being broken down. “How fast can you make that decision?,” Green says. “How demonstrative are you going to be about that decision? Are you going to second guess that decision? That’s usually when it doesn’t work; if you’re going to go, just go. That’s kind of the motto that Andre and I go by. If you’re going to go, just go; everybody else fall in line and rotate, and we’ll work it out from there.” And while Green and Rajon Rondo have been exchanging pleasantries throughout this series, Green didn’t pick up his first postseason technical foul until Sunday (Monday, PHL time). He’s been under control, coming up to the edge without going over. Someone without access to the internet asked Kerr if he’d ever played with anyone who instigated or tried to get under the skin of opponents. It’s a testament to Kerr’s comic timing that he actually did wait a beat before answering. “I did play with Dennis Rodman,” he said. Never be fooled by Kerr’s overall pleasant disposition and quick-with-a-quip acuity, though. He is a fierce competitor that wants to win big, the same as his current point guard, who is similarly underrated on the competition scale. Kerr has seven rings as a player and coach, and it’s not a coincidence he’s frequently been around teams that got it done in June. But the Warriors are playing for even bigger stakes than just winning the 2018 title. Legacies are created this time of year. A third title in four seasons, with four straight Finals appearances, would put Golden State in very rarified air in the modern game. San Antonio won three titles from 2002-07. But the Spurs, famously, never have won back-to-back titles. The Kobe Bryant-Shaquille O’Neal-led Lakers, which won three straight from 2000-02, are the closest modern-day team to pulling off what the Warriors are trying to accomplish. Before then, you’re talking about the Michael Jordan-led Chicago Bulls, with six titles in eight seasons -- the two non-title seasons coinciding with Jordan’s sojourn to the minor leagues of baseball. Moreover, the Warriors are the hub around which the modern NBA now spins. And that is an even bigger legacy. Almost everyone (hi, Thibs!) tries to play the way Golden State does now -- the quick hitters, ball movement, pace. Teams do it in different ways. The 76ers look very different than the Warriors, with Joel Embiid their centerpiece of operations, and with 6'10" Ben Simmons taking up so much space with the ball in the halfcourt. The Rockets look different still as there’s not a ton of ball movement. There’s just an unending series of screen and rolls with Chris Paul and James Harden with the rock, looking for the inevitable open man in the corner or way, way behind the three-point line. A lot of things have happened the last 15 years to lead us where we are now. The league changed almost all the rules regarding zone defense, and got rid of almost all defensive contact on the perimeter. Rockets GM Daryl Morey and others led the burgeoning analytics movement, which championed shooting more and more three-pointers as a primary means of scoring, not as a novelty. Mike D’Antoni’s Phoenix Suns went with Amar’e Stoudemire at center, surrounding him with four smalls that could all shoot it from deep, and scoring came out of its coma leaguewide. Kerr and Pelicans Coach Alvin Gentry have always been quick to credit D’Antoni’s influence on the modern game, starting in Phoenix and working through his current team in Houston. “He’s the guy that just eliminated the center position -- let’s just go small and fast and shoot more threes,” Kerr said of D’Antoni. “I was inspired by Mike, but I was also inspired by Pop (the Spurs’ Gregg Popovich) and Phil Jackson in terms of basic ball movement, screening. But pace is the name of the game these days, and people go about it in different ways. Ironically, Mike’s team (in Houston) is the slowest team in the league now. I didn’t see that coming.” But no one has put all of it together -- pace, small ball, shooting and defense -- like the Warriors have the last four seasons. The Rockets are the closest thing we’ve seen to Golden State, and they’re hungry, and they’re coming. And the Warriors and Rockets are just a win apiece away from seeing the clash of the Western Conference titans. They are in the middle of it, so they can’t stop and think about what it all means. We get that. But everyone wants to put a marker out there that’s hard to catch. LeBron is chasing a ghost. The Warriors have already made their mark on the game. They’re almost in position to do more. History is forever. “It’s important, because it’s what’s right in front of us,” Curry said Sunday. “We don’t think about the historical context of anything. For us, we have an amazing group of guys, amazing coaches sitting behind us. We’re appreciating the moment. That’s really all it is. You have tunnel vision for Game 5 at home, then a new series, hopefully (after that). The historic context doesn’t really seep into the locker room when it comes to what that means. It’s just about this year.” Longtime NBA reporter, columnist and Naismith Memorial Basketball Hall of Famer David Aldridge is an analyst for TNT. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsMay 8th, 2018

Alibaba says annual net profit up 47% in 2017/2018

Beijing — Chinese e-commerce giant Friday announced a massive 47 percent leap in net profit for the fiscal year 2017/2018, helped by a rise in smartphone and tablet transactions on its shopping platform. Profit climbed to 63.985 billion yuan ($10.2 billion), boosted by a 60 percent rise in revenue from its core business, the online […] The post Alibaba says annual net profit up 47% in 2017/2018 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 4th, 2018

China Bank profit slightly up in 2017

China Banking Corp. (China Bank) saw its net profit rise slightly in the first quarter of the year amid growth in its core businesses. In a disclosure to the Philippine Stock Exchange on Friday, the Sy-led China Bank said its consolidated net income rose to P1.5 billion in the January-March period, 2% higher compared to […] The post China Bank profit slightly up in 2017 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 4th, 2018

PhilHealth OIC spends P627k for travels amid P9-B net loss in 2017

MANILA, Philippines – In just a year at the helm, the Philippine Health Insurance Corporation’s (PhilHealth's) interim president has already spent more than half a million pesos for her regular hotel stays and travels from her Bohol home to the PhilHealth central office in Pasig and vice versa. PhilHealth is ........»»

Category: newsSource:  rapplerRelated NewsMay 2nd, 2018

US State Department notes rise in PH drug killings

The US government continues to be alarmed by the extrajudicial killings (EJKs) and police impunity in the second year of President Rodrigo Duterte's war on drugs.   In its annual global human rights report for 2017, the US State Department said the unabated killings of drug suspects remained the top concern because the majority of the cases have not been solved.   "Extrajudicial killings have been the chief human rights concern in the country ... and, after a sharp rise with the onset of the antidrug campaign in 2016, they continued in 2017," said the 2017 Country Reports on Human Rights Practices.   Few cases probed   Reacting to the report, F...Keep on reading: US State Department notes rise in PH drug killings.....»»

Category: newsSource:  inquirerRelated NewsApr 22nd, 2018

GOCC subsidies decline in Jan-Feb

State corporations received P9.13 billion in subsidies from the national government in February, 8.68 percent lower than the previous year’s P9.99 billion, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsApr 19th, 2018

Puregold, Metro Retail earnings rise last year

Lucio Co-owned Puregold Price Club Inc. reported a consolidated net income of P5.84 billion in 2017, up 5.7 percent year-on-year......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2018

Double-digit growth for 3 retail firms

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

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

JG Summit’s 2017 profit jumps 169%

Gokongwei-led JG Summit Holdings grew its 2017 net profit by 169 percent to P29.37 billion from year-ago level, when its earnings were weighed down by impairment losses from its investment in telecommunication giant PLDT Inc. Excluding nonoperating and nonrecurring items, JG Summit's consolidated core net income last year hit P29.56 billion, relatively flat from the 2016 level, as the rise in fuel prices gnawed at the earnings of the airline business. This was offset by the double-digit income growth in the petrochemicals business and rise in equity earnings from associates particularly, United Industrial Corp. Ltd. of Singapore, Manila Electric Co. and Global Business Power Corp. ...Keep on reading: JG Summit’s 2017 profit jumps 169%.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

Philippines entering ‘golden age for economic growth’ – ADB

Philippine economic growth is expected to further rise to 6.8 percent this year and 6.9 percent in 2019 from 6.7 percent in 2017 as the country enters “a golden age for economic growth,” the Asian Development Bank said yesterday......»»

Category: financeSource:  philstarRelated NewsApr 12th, 2018