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Front Page: IMF sees 2017 PHL growth on target

THE INTERNATIONAL Monetary Fund (IMF) expects the Philippines to remain among Asia's growth leaders in 2017 on the back of increased public spending and a recovery in exports, its country official said, even as he stressed the need to legislate tax reforms to support the government's aggressive fiscal plans......»»

Category: financeSource:  bworldonlineRelated NewsJan 16th, 2017

2016 GDP growth seen hovering around 7%

PHILIPPINE ECONOMIC GROWTH last year is expected to have hovered around the top end of the government's 6-7% target on the back of robust household consumption, strong investments and continued improvement in state spending, according to separate estimates issued on Friday......»»

Category: newsSource:  bworldonlineRelated NewsJan 20th, 2017

Meralco's slow and painful All-Filipino growth

After a six-game, mid-conference meltdown almost totally destroyed their playoff hopes, the Meralco Bolts somehow found a way to keep themselves alive in the 2017 Philippine Cup. They did so by upsetting the Rain or Shine Elasto Painters Friday, a win that not only let them regain confindence and remain in the playoff race, but also affirmed that the team is on the right track in a slow, painful growing process. 'I think that's what we showed today, a great team effort. It's just great for the morale of the team to finally get a win, finally get that monkey off our back and know we're doing something right,' second-year forward Chris Newsome said following Meralco's 82-72 victory. 'We already got two wins more than our previous Philippine Cup so I think we're slowly improving,' he added, going back to the fact that the Bolts finished with an embarassing 1-10 record in the same tournament last season. Meralco is still limping with a 3-7 mark this year and the team's playoff hopes almost entirely depends on other teams blowing away their own opportunities to advance but Newsome says that's the least of Meralco's concern right now. The reigning Rookie of the Year emphasized growth on the side of the Bolts and just going for what the team can actually control. And part of the things the team can control is their last regular season game against Star which if they win, should at least give them a better chance to sneak into the playoffs. 'It's a long season so we don't just wanna shut down and let everything that we've done go to waste,' Newsome said who finished with a game-high 19 points vs. ROS. 'The mindset is to control what we can control. The only thing that we're in control of right now is winning our last game against Star and everything else is kinda out of our hands. We just gotta hope for the best situation. We just gotta focus on what we can control and that's our effort in practice and attention to detail when it comes to games,' he added. With Jimmy Alapag retired and Jared Dillinger just returning from a hamstring injury he suffered late last season, Meralco has mostly relied on its young core so far in the All-Filipino. This latest victory, despite the string of defeats that came before it, was a nice boost for the squad that has kept things together pretty nicely this year. 'It's really big for us because the mood in the locker room is pretty heavy whenever you're losing, especially six straight games,' Newsome said. 'We try to stay positive and we really have nothing to lose and everything to gain, that's kinda the approach that we took today,' he added.   br /> --- Follow this writer on Twitter, @paullintag8 .....»»

Category: sportsSource:  abscbnRelated NewsJan 20th, 2017

Unemployment mars PHL's growth picture

THE PHILIPPINES is expected to remain among Asia’s fastest-growing economies at least up to next year, according to estimates released yesterday by the United Nations (UN) that nevertheless showed the country also with among the highest unemployment rates, underlining the need to make sure economic expansion generates more jobs and lifts more people out of poverty......»»

Category: newsSource:  bworldonlineRelated NewsJan 18th, 2017

BOI-approved investments reach second-highest level since 2000, exceeds 7 percent target with 20 percent growth

&'160; Investment projects approved by the Philippine Board of Investments (BOI) grew 20.4 percent in 2016, reaching P441.8 Billion from the P366.7 Billion registered in 2015. The value of registered projects in 2016 is second highest since 2000, next to the P466 Billion registered in 2013. The 20.4 percent growth also exceeded the agency’s 7 [&'].....»»

Category: newsSource:  boholnewsdailyRelated NewsJan 15th, 2017

Packers confident facing Cowboys without injured Nelson

The Associated Press br /> The Green Bay Packers were better prepared to play without Jordy Nelson after the star receiver was ruled out of the NFL divisional playoff against the Dallas Cowboys on Sunday. br /> Nelson had an NFL-high 14 touchdown catches in the regular season as quarterback Aaron Rodgers' top target in the Packers' prolific passing attack. But he suffered broken ribs in a tackle as the Packers beat the New York Giants 38-13 in the wild-card round last weekend, and still wasn't right on Friday. br /> The offense struggled to hit big plays in 2015 while Nelson was sidelined for the entire season with a knee injury, but Green Bay proved last week that it can win without him, scoring all their points after he left. br /> With Rodgers, the league's best quarterback over the past two months, connecting regularly even on desperation passes, the Packers have won seven straight games. br /> And in Nelson's absence, Rodgers still has Randall Cobb, who caught three touchdown passes against the Giants, Davante Adams emerging as a playmaker, and Jared Cook as an athletic target at tight end. The Packers should do their share of scoring against a Dallas defense that ranked 26th against the pass. br /> Then again, sensational Cowboys rookies Zeke Elliott and Dak Prescott, operating behind the best offensive line in the NFL and complemented by Jason Witten and Dez Bryant, also should supply points. br /> Elliott and Precott are the third rookie running back-quarterback starting tandem in the playoffs in the Super Bowl era. Of note, the other two pairs lost their playoff debuts. br /> The Cowboys and Packers share an NFL postseason history that dates back five decades. Dallas holds a 4-3 edge, but since they beat the Packers three years in a row in the 1990s, they haven't been back to the NFC Championship game in 21 years. br /> All four home teams this weekend are tipped to win, especially the New England Patriots, who are 15 1/2-point favorites over the visiting Houston Texans, just the sixth time in 50 years that a team has been favored by at least 15 points in a playoff game. br /> New England has won its past four meetings with Houston at Gillette Stadium by a combined 150-49, but the Patriots say they aren't taking anything for granted against the NFL's top-ranked defense. But how does Houston, which lost 27-0 in September to a Patriots team without Tom Brady, go about beating a team that the odds-makers say is one of the most unbeatable in playoff history? br /> Running back LeGarrette Blount has taken a lot of pressure off Brady's arm this season, rushing for a New England single-season record 18 touchdowns and career-high 1,161 yards. And the defense has been creating turnovers at a high rate during their ongoing seven-game win streak. br /> That walking boot being worn by quarterback Ben Roethlisberger after Pittsburgh's win against Miami last weekend is very worrisome to the Steelers. But Roethlisberger tends to always show up in the playoffs, and he's expected to perform against the Chiefs in Kansas City on Sunday. br /> The Steelers eased past the Chiefs 43-14 on Oct. 2, but that was in Pittsburgh. Kansas City is better now than it was back then, although so are the Steelers. br /> If the Chiefs can get pressure on Big Ben and somewhat control Antonio Brown, the league's most dangerous receiver (and non-quarterback), and running back Le'Veon Bell, it can use its relatively conservative offense to its advantage. But will coach Andy Reid turn the reins loose a bit when the Chiefs have the ball? br /> The Chiefs haven't won a playoff game in 23 years. br /> Then again, the Atlanta Falcons are the only team among the eight left who have not won a Super Bowl. br /> Facing the Seattle Seahawks at home on Saturday is one of those prove-it games for Atlanta quarterback Matt Ryan and wideout Julio Jones. Which opponent to better prove that your offense, and an improving defense, are capable of a long postseason run than against the big kid on the NFC block? br /> The Seahawks bring superior experience, coaching, and swagger. br /> Seattle is as accomplished as any NFC playoff team, and many of the key contributors to its recent success remain on the scene: Russell Wilson, Bobby Wagner, Richard Sherman and Doug Baldwin. And now that Thomas Rawls seems healthy, there's a running game to complement Wilson, Baldwin and tight end Jimmy Graham. br />   .....»»

Category: sportsSource:  abscbnRelated NewsJan 13th, 2017

Politics flagged as 'main risk' to long-term PHL growth

THE Philippine economy is seen to remain upbeat over the next few years with 2016 growth seen hitting 7%, analysts at Capital Economics said, but noted that rising political concerns could endanger long-term growth prospects under the new government......»»

Category: newsSource:  bworldonlineRelated NewsJan 13th, 2017

Automobile sales increase 24.6% in 2016, surpass industry target

AUTO sales grew 24.6% in 2016, sustaining a run of double-digit growth for the industry, automakers said......»»

Category: newsSource:  bworldonlineRelated NewsJan 10th, 2017

Trade remains challenging; factory output picks up

MERCHANDISE TRADE will remain a drag in the calculation of the country’s economic growth, as export receipts contracted in November 2016 while the import bill continued to increase......»»

Category: newsSource:  bworldonlineRelated NewsJan 10th, 2017

Warriors' Zaza Pachulia has Kerr, not critics, in his head

JANIE McCAULEY, AP Sports Writer OAKLAND, California (AP) — Zaza Pachulia heard all the negative noise from his Golden State Warriors fans, and he began taking it personally. He was the new guy at the start of this NBA season, the lone non-All-Star in Golden State's decorated starting lineup. He was no Andrew Bogut, the imposing big man he replaced, and fans got nasty with their frustration. Now, Pachulia constantly recalls what coach Steve Kerr preaches: The only thing that matters is how the Warriors feel about each other, not what anyone outside thinks or says. Not that it was easy for Pachulia to ignore the scrutiny. 'That was one of the biggest challenges I've had. I've never been in this situation,' he said on Monday. 'It's a lot of responsibility, I understand it. It was very emotional for me at the beginning. I was kind of taking it very personal. But that's where mental toughness kicks in. 'I'm fortunate I have friends who have been in this situation throughout the league, but most importantly, the biggest help came from my coaching staff.' With Kerr in his ear, Pachulia has made an effort to tune out the critics. As expected, the Warriors have needed time to jell this season, and Pachulia's been at the center of the development. Early on, the center from Georgia took a passive approach, and also found himself in subpar shape. Now he's getting more comfortable, and is emerging at the perfect time. The Warriors are headed into the second half, and Pachulia has found his place complementing Stephen Curry, Kevin Durant, Draymond Green, and Klay Thompson. Last month, Pachulia had season-bests of 15 points and 14 rebounds in a win at Brooklyn, and he believes that helped him turn a corner. He has four straight games scoring in double figures entering Tuesday's home matchup with Miami after doing so just twice in his first 32 games. In a victory at Sacramento on Sunday, Pachulia made a jaw-dropping, no-look backward heave that was right on target to Curry and led to an easy basket by the league MVP. 'He's tried some crazy stuff before, but he made a good, timely read as the best way to get me the ball,' Curry said. 'It was right on target, one bounce into my lap and I was able to finish it. I'm sure Coach will make sure he's not experimenting too much more with that.' Pachulia's enjoyed being part of the 'fancy stuff' these pass-happy Warriors get up to — Golden State wracks up 30-assist performances at an astonishing rate. 'Zaza's got a little flair to him,' Kerr said on Monday. 'He likes making plays like that. Not that he's constantly making them, but he's got a little of that in him. I know he had fun with that play.' Never before had the big man been part of a team with so many great players, and finding his way with this group made for a daunting adjustment. That core of talent is the reason he chose to join Golden State for his 14th season. 'No disrespect to Dallas, Milwaukee, but we weren't this type of team. No one was expecting a championship from us,' Pachulia said. 'This team is different, right? Let's be honest. So every time you make a mistake on the court, and that's very normal, especially in the beginning, it looks like 10 times, 100 times worse. 'Fans are spoiled here because of the types of seasons they had — last year, where they broke the record even though they lost in the Finals, it was amazing. The year before they won the championship, so they were feeling really comfortable with the players and the personalities they had.' For Pachulia, the improvements have come from focusing on the small things — such as minor footwork adjustments and working to better defend the perimeter. That has come with a willingness to learn. 'The thing that I'm most proud of in watching him this year is his growth. I'm talking about a guy who's played a lot of basketball,' Warriors assistant coach and defensive guru Ron Adams said. 'The ability to be coached at his age has really been fun. ... He is one of those lifelong learners.' Still, Pachulia knows the compliments from those around him must be earned. From the basketball-crazed Bay Area fans, too. 'My skin got thicker,' Pachulia said. 'I don't listen to stuff from outside or even if I hear or if I read something, I just let it go very easily. It's not bothering me, because the truth is that Steph or Klay or KD or Draymond or Andre (Iguodala), all these guys, they either like playing with me or they don't. That's what matters. The coaching staff is happy with my presence or not. 'Maybe the first day, you're not expecting any of your teammates to give you some good words. We've played enough games that my teammates have a lot of compliments to say about me. My coaching staff has a lot of compliments to say about me. Those compliments don't come just like that. They are professionals and you get a compliment because you deserve it. That means a lot.' .....»»

Category: sportsSource:  abscbnRelated NewsJan 10th, 2017

Tax bureau spells out 2017 programs

THE BUREAU of Internal Revenue (BIR) yesterday spelled out steps it will take to hit its collection target this year, as the government scrambles to shore up revenues to help finance its bid to increase spending in support of faster economic growth......»»

Category: newsSource:  bworldonlineRelated NewsJan 6th, 2017

Prospects

Officially, our GDP growth target for this year is between 6.5 percent and 7.5 percent......»»

Category: newsSource:  philstarRelated NewsJan 6th, 2017

Front Page: Property sector to weather risks

THE PROPERTY MARKET should remain buoyant next year although construction delays will continue tempering its growth, while US rate hikes will add pressure particularly on the residential segment, according to a real estate consultancy......»»

Category: financeSource:  bworldonlineRelated NewsDec 27th, 2016

UBS sees 2016 GDP growth on track; slowdown ahead

GROSS domestic product (GDP) growth should hit the government target this year, UBS said in a “2017 Philippine Economic Outlook” that nevertheless flagged a slowdown in 2017 with the absence of election-related spending, higher borrowing costs.....»»

Category: newsSource:  bworldonlineRelated NewsDec 27th, 2016

Property sector to weather risks

THE PROPERTY MARKET should remain buoyant next year although construction delays will continue tempering its growth, while US rate hikes will add pressure particularly on the residential segment, according to a real estate consultancy......»»

Category: newsSource:  bworldonlineRelated NewsDec 27th, 2016

Top end of growth target in sight

THE PHILIPPINE ECONOMY will likely hit -- and could even exceed -- the top end of an official 6-7% target for the year, the National Economic and Development Authority (NEDA) announced yesterday......»»

Category: newsSource:  bworldonlineRelated NewsDec 15th, 2016

Front Page: Top end of growth target in sight

THE PHILIPPINE ECONOMY will likely hit -- and could even exceed -- the top end of an official 6-7% target for the year, the National Economic and Development Authority (NEDA) announced yesterday......»»

Category: financeSource:  bworldonlineRelated NewsDec 15th, 2016

Finance: Fitch assigns stable outlook to Philippine banks

PHILIPPINE BANKS are seen to remain healthy in 2017 and stand as among the best in the region, riding on strong economic growth seen to boost sustained credit expansion, Fitch Ratings said in a report......»»

Category: financeSource:  bworldonlineRelated NewsDec 8th, 2016

$100-B export target reset to 2020 as global demand remains sluggish

MANILA, Philippines – Weak global demand has derailed the Philippines’ rosy export growth plan, with the country now pushing back its target of breaching the.....»»

Category: financeSource:  philstarRelated 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