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IC approves Pru Life UK, Robinsons Bank sales deal

THE INSURANCE Commission (IC) has approved the bancassurance deal between Robinsons Bank Corp. and Pru Life UK. In a statement sent to reporters on Monday, the IC announced it has approved the partnership between the British insurer and the Gokongwei-led bank. “[The approval] will enable [Pru Life UK] to sell its traditional life insurance products […] The post IC approves Pru Life UK, Robinsons Bank sales deal appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineApr 16th, 2018

Insurance Commission approves bancassurance deal between PruLife, Robinsons Bank

The Insurance Commission has given PruLife Insurance Corp. of UK and Gokongwei-led Robinsons Bank Corp. the go-signal to execute their bancassurance agreement......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2018

Robinsons Bank, Pru Life forge bancassurance deal

By Karl Angelo N. Vidal ROBINSONS BANK Corp. signed a bancassurance partnership with British life insurer Pru Life UK yesterday in a bid to bolster its product offerings. In the distribution agreement signing held yesterday in Quezon City, Robinsons Bank President and Chief Executive Officer Elfren Antonio S. Sarte said the three-year bancassurance partnership will […] The post Robinsons Bank, Pru Life forge bancassurance deal appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 9th, 2018

Robinsons Bank, Pru Life partner for bancassurance

Gokongwei-led Robinsons Bank Corp. and British life insurer Pru Life UK launched their bancassurance partnership after receiving the green light from regulators......»»

Category: financeSource:  philstarRelated NewsJun 27th, 2018

RRHI nets P1.2B

Gokongwei-led Robinsons Retail Holdings Inc. (RRHI) grew its first quarter net income by 21.7 percent year-on-year to P1.2 billion on higher sales and improved margins. Three-month operating income increased by 10 percent year-on-year on the back of the 20-basis point gain in gross margins and same store sales growth (SSSG) of 6.4 percent for the period, coupled with an increase in foreign exchange gains. Core net earnings -- which exclude interest from bonds, equitized net earnings from RHHI's 40 percent stake in Robinsons Bank and unrealized foreign exchange adjustments - increased by 13.7 percent year- on-year to P958 million. Consolidated net sales expanded by 12.6 pe...Keep on reading: RRHI nets P1.2B.....»»

Category: newsSource:  inquirerRelated NewsMay 14th, 2018

Despite long odds, Toronto Raptors will continue to fight

By Steve Aschburner, NBA.com CLEVELAND – Losing the first game is a relative wake-up call, no big deal, a call to tweak and adjust. Losing the first two is urgent, something more troubling, a sense of one’s playoff life flashing before one’s eyes. Losing four? It’s oh-vah. Oh-four is 1, 2, 3, Cancun, “gone fishin’” and next season rolled into one. That leaves an 0-3 deficit, which mostly is sad. At 0-3, the story essentially has been written, a struggling team’s fate decided. In the NBA, there is no wiggle room whatsoever – 129 teams in league playoff history have fallen behind 0-3 in a best-of-seven, 129 teams have lost those series. Only three such teams even rallied enough to force a Game 7: the 1951 Rochester Royals against New York, the 1994 Denver Nuggets against Utah and the 2003 Portland Trailblazers against Dallas. And yet, nothing is official. The plug hasn’t been pulled, flatline or not. That was evident Sunday (Monday, PHL time) when someone asked Toronto’s Kyle Lowry one of those big-picture, assess-this-season questions. “Our season ain’t over yet,” the Raptors point guard said, instinctively pushing back. “Ask me that question when it’s over.” Narrator: It’s over. Most who stayed up late Saturday (Sunday, PHL time) consider Toronto’s series against the Cleveland Cavaliers to be over not only because they trail 0-3 but because of the way they got there. Specifically, LeBron James’ unlikely, drive-left, shoot-right, one-footed bank shot at the buzzer that won it, 105-103. It enthralled the sellout crowd at Quicken Loans Arena, but appalled the Raptors’ traveling party of three dozen or so. Folks who care probably have watched the final play multiple times. The Raptors officially haven’t watched it other than in real time. Coach Dwane Casey intentionally did not subject his players to a film session Sunday (Monday, PHL time). “We know what the issues are, what they were,” Casey said after the team’s light workout at the practice gym inside the Cavaliers’ arena. “From a team standpoint, 17 turnovers broke our back. Some of our schematic things we didn’t cover properly broke our back. The things that led up to the end of the game are what we need to clean up.” More precisely, it was the things that led up to the fourth quarter that cost Toronto. From that point, the Raptors were pretty good, outscoring the Cavaliers 38-26 while sinking seven of their 11 three-point shots. They got all the way back from a 14-point deficit in the quarter, tying at 103 only to have their hearts stomped on by James’ spectacular finish. Before that final quarter, though, Toronto was too reckless with the ball. It had missed 16 of its 22 from the arc. And one of its two All-Stars, wing DeMar DeRozan, had played his way to Casey’s bench, with 3-of-12 shooting, unimpressive defense, a mere eight points and a minus-23 rating. Casey’ explanation for not putting DeRozan back in the game was simple: The guys he was using were rolling. It was a snapshot of the bottom-line approach he and his staff will need again in Game 4 Monday (Tuesday, PHL time). DeRozan, naturally, doesn’t want anything like it to happen again. This LeBron/Cleveland stuff has been heavy enough: nine consecutive playoff defeats, three straight postseasons being put out by the Cavaliers and, personally, the onus in this man’s NBA of 2018 to be 0-for-16 from three-point range in the 13 playoff games since 2016. DeRozan didn’t run from the lousy stew of frustration, anger, resignation and embarrassment he felt while his brothers kept plugging. As Saturday turned into Sunday – an “extremely long night,” DeRozan said – the Raptors’ leading scorer in 2017-18 (23.0 ppg) ruminated pretty good. “It was rough. As a competitor, definitely rough,” he said. “But I think it’s something you carry over to today. Let it fuel you. ... I’ve had lots of [times] where I got down on myself. It’s all about how you respond. “There’s really nothing much you can do, honestly, but watch the time go by. Wait for when the time comes to be able to get this feeling off you. And in order to get that feeling off you is to go back out there, help your teammates and get a win.” Lowry, asked how they would manage that, reduced his formula to one word. “Rumble,” he said. “No matter what, you rumble. Rumble, young man, rumble.” Toronto did play with overdue physical force in Game 3 and will make that a priority again. Rookie OG Anunoby’s individual defense on James has been solid, generally without overt double-teaming. Through the three games, though, the Raptors have committed 18 more fouls and 20 more turnovers, too many mistakes when losing Game 1 in overtime and Saturday (Sunday, PHL time) by that single bucket. Whenever it gets here for the Raptors, the summer is going to be longer than they’d hoped. So, going out strong does matter. “You choose to continue to fight,” Casey said of his players. The Toronto coach recalled his days as an assistant in Seattle, when the SuperSonics fell behind 0-3 against Michael Jordan and the Bulls in the 1996 Finals. Rather than fold, they won the next two games at home in the 2-3-2 format to force the series back to Chicago. Said Casey: “Guys just made up their minds, ‘We’re not giving in. We’re not quitting. We’ve got too much sweat equity.’ We won the regular season conference title. Guys put in the work to get where they are. We’ve got a group of young players who committed to getting better and did. “The easy thing to do is just to write us off and write ourselves off. But you choose to be a warrior. You choose to continue to fight.” 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 NewsMay 7th, 2018

Robinson Bank, Pru Life partner on bancassurance

MANILA, Philippines — Gokongwei-led Robinsons Bank and British life insurer Pru Life UK yesterday announced the establishment of a strategic bancassurance pa.....»»

Category: financeSource:  philstarRelated NewsJan 11th, 2018

Pru Life UK, Robinsons Bank form first bancassurance venture

The local unit of Pru Life of UK and the Gokongwei-led Robinsons Bank have formed their first bancassurance venture, seeing much potential in the country’s insurance space......»»

Category: newsSource:  interaksyonRelated NewsJan 9th, 2018

Amid troubled World Cup sales, FIFA set to hit $5.66B target

MOSCOW --- Even taking a financial hit from Italy and the United States failing to qualify, FIFA's top salesman insists the 2018 World Cup will make its income target. Italy's loss in the playoffs wiped tens of millions of dollars off the value of an unsold broadcasting deal. One of FIFA's most valuable markets is typically worth $200 million per World Cup. The surprise U.S. elimination --- as Panama qualified --- affects finding four North American sponsors in a new, and stalled, regional sales program. Just one of 20 slots has sold worldwide, to an oligarch-owned bank in host nation Russia. "Everybody is annoyed with the non-qualification of the U.S. which was not expecte...Keep on reading: Amid troubled World Cup sales, FIFA set to hit $5.66B target.....»»

Category: newsSource:  inquirerRelated NewsDec 1st, 2017

Union Bank, Insular Life forge bancassurance deal

MANILA, Philippines - Insurance firm Insular Life Assurance Co. Ltd......»»

Category: financeSource:  philstarRelated NewsMay 13th, 2017

COP24 brings Paris pact to life

KATOWICE — Nations on Sunday struck a deal to breathe life into the landmark 2015 Paris climate treaty after marathon UN talks that failed to match the ambition the world’s most vulnerable countries need to avert dangerous global warming. The international community remains committed to the fight against climate change Delegates from nearly 200 states […].....»»

Category: newsSource:  tribuneRelated News14 hr. 49 min. ago

New deal at climate talks

KATOWICE, Poland — Nations on Sunday struck a deal to breathe life into the landmark 2015 Paris climate treaty after marathon UN talks that failed to match the ambition the world’s most vulnerable countries need to avert dangerous global warming. Delegates from nearly 200 states finalized a common rule book designed to deliver the Paris […].....»»

Category: newsSource:  tribuneRelated NewsDec 16th, 2018

Suns beat Wolves for first 2-game win streak of season

By Bob Baum, Associated Press PHOENIX (AP) — Devin Booker returned from a six-game absence to score 28 points and Phoenix beat the Minnesota Timberwolves 107-99 on Saturday night (Sunday, PHL time), giving the Suns a two-game winning streak for the first time in almost a year. Deandre Ayton had 18 points and 12 rebounds for the Suns, including 10 points and five boards in the fourth quarter, when Phoenix pulled away. T.J. Warren added 21 points for Phoenix. The Suns, coming off a victory over Dallas on Thursday (Friday, PHL time), last won two in a row on Dec. 26-29, 2017. Karl-Anthony Towns scored 28 for the Timberwolves but only seven in the second half. Derrick Rose added 25 for Minnesota, which finished 0-4 on a western road trip and is 2-12 on the road this season. The Suns played without Trevor Ariza after agreeing to trade him to Washington for Kelly Oubre Jr. and Austin Rivers, a person familiar with the deal told The Associated Press on condition of anonymity because it had not been announced by either team. Neither team led by more than six points in a tight first half that ended with Minnesota up 58-56. Booker, who had been out with a strained hamstring, scored the first four in a 6-0 spurt that gave the Suns an 85-77 lead with 1:20 left in the third quarter. Josh Jackson's dunk capped the spurt on a fast break after Mikal Bridges' block of Andrew Wiggins' shot. Dario Saric sank a triple and Wiggins hit a 19-footer to cut the Suns' lead to 85-82 entering the final period. After Rose's basket to start the fourth quarter cut it to 85-84, Phoenix scored 11 straight, including Ayton's three-point play, to lead 96-84 on Warren's bank shot with 6:59 left. Rose scored five straight to make it a seven-point game but Ayton and Warren each scored inside and Minnesota never threatened seriously again. TRADE IN PROGRESS While the Suns wouldn't confirm the trade, Ariza was officially "not with the team." The deal is expected to be finalized on Monday (Tuesday, PHL time), when the Suns are in New York to face the Knicks. TIP-INS Timberwolves: Taj Gibson was out for personal reasons. He had started every game this season. ... Minnesota is 0-11 on the road against Western Conference teams. ... Minnesota's only road wins are at Brooklyn and at Cleveland. ... Minnesota was 2-of-12 on three-pointers in the first half and finished 7-of-35. Suns: Phoenix's victory over Dallas on Thursday (Friday, PHL time) was its first of the season without Booker. ... Booker made seven of his first eight shots and finished 10-of-16. He had seven assists and seven rebounds. ... Jackson missed his first seven shots and finished 2-of-10 from the field UP NEXT Timberwolves: Host Sacramento on Monday (Tuesday, PHL time). Suns: At New York on Monday (Tuesday, PHL time)......»»

Category: sportsSource:  abscbnRelated NewsDec 16th, 2018

Nations agree on rulebook for Paris climate treaty

KATOWICE, Poland (UPDATED) – Nations on Sunday, December 16, struck a deal to breathe life into the landmark 2015 Paris climate treaty after marathon United Nations (UN) talks that failed to match the ambition the world's most vulnerable countries need to avert dangerous global warming. Delegates from nearly 200 states finalized ........»»

Category: newsSource:  rapplerRelated NewsDec 16th, 2018

ADB approves 2019 budget

The Asian Development Bank (ADB) approved the 2019 administrative budget (net internal administrative expense budget) of $690.5 million. This represents a 2.7 percent increase over the 2018 administrative budget, consisting of 1.3 percent in price increase and 1.4 percent in volume growth. The volume growth is -0.1 percent if excluding the three special initiatives for […].....»»

Category: newsSource:  tribuneRelated NewsDec 14th, 2018

ADB approves $408-million assistance package for Marawi rehab

THE Asian Development Bank (ADB) approved on Friday a $408-million financial assistance package for the rehabilitation and rebuilding of Marawi City......»»

Category: newsSource:  bworldonlineRelated NewsDec 14th, 2018

Robinsons Bank simplifies bank account opening

ROBINSONS Bank (RBank) has recently launched its new Simple Savings bank account, specifically designed to make account opening simple, fast, and easy. The Bangko Sentral ng Pilipinas (BSP) issued Circular 992 which sets out a framework for banks in promoting a basic deposit account to the unbanked. Financial inclusion is a priority for the BSP […] The post Robinsons Bank simplifies bank account opening appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsDec 13th, 2018

PLDT completes record tech deal

Telco giant PLDT Inc. has completed the largest investment deal in a Philippine technology company to date with the financial closing of its transaction with World Bank Group-member International Finance Corp. (IFC)......»»

Category: financeSource:  philstarRelated NewsDec 10th, 2018

UK PM faces fight for her political life in Brexit deal vote

LONDON: British Prime Minister Theresa May faces a fight for her political life this week in a parliamentary vote that will decide the fate of her Brexit divorce deal. The…READ The post UK PM faces fight for her political life in Brexit deal vote appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsDec 10th, 2018

Man says he will prove he didn t kill Michael Jordan s dad

By Martha Waggoner, Associated Press LUMBERTON, N.C. (AP) — For more than 25 years, the man identified as the triggerman in the death of Michael Jordan's father has repeatedly declared his innocence in the murder. Now he's going before a judge to lay out evidence he says proves that although he helped dispose of the body, he didn't kill James Jordan in the early-morning darkness one July day in 1993. "I had nothing to do with this man losing his life, period. I wasn't connected to the murder. I came in after he was already dead. ... The way I look at it is: I denied his family the right to a proper burial because of what I did," Daniel Green said last week in an interview at the Lumberton Correctional Institution in Robeson County, the same county where Jordan was killed. Jordan was killed July 23, 1993. His body was found 11 days later in a South Carolina swamp. It wasn't identified until dental records confirmed it was James Jordan. His body had been cremated except for his jaw and hands, which were saved for identification. On Wednesday, Green goes to court, where defense attorney Chris Mumma and prosecutors from the state attorney's general office will argue whether he deserves an evidentiary hearing that could lead to a new trial. Mumma says this is the first time a judge will hear all evidence gathered by the defense. The state Court of Appeals upheld his conviction in 1996, as did the state Supreme Court in 1999. Green was convicted of first-degree murder. His friend, Larry Demery, testified that Green pulled the trigger and killed Jordan in a roadside robbery gone wrong. Both are serving life sentences. Green, 44, was 18 when Jordan was killed. He's probably best remembered for a video in which he rapped while wearing an NBA All-Star ring and gold watch that Michael Jordan gave to his father. Green says he got the jewelry while disposing of the body. Superior Court Judge Winston Gilchrist will hear the arguments in Lee County court in Sanford. Defense filings make various claims. Several people say they saw Green at a family cookout at the time Jordan was killed. Other issues deal with blood-evidence testimony, the handling of Jordan's shirt, and ineffective trial and appellate counsel. Green said Demery left the cookout to meet someone for a drug deal and he refused an invitation to accompany Demery. Green said he was just out of prison for a conviction that was later vacated, and a girl "was kissing on" him so there was no way he'd abandon that opportunity. Demery returned hours later, Green said, and told him he approached Jordan at a motel parking lot because he mistakenly thought Jordan was the drug connection he was supposed to meet. He said Demery told him the two had an altercation and Demery killed Jordan. If that's true, then much of what people think they know about the murder is wrong, starting with the notion that James Jordan was killed as he slept in his parked Lexus along Interstate 95. "I don't think anybody knows the truth about what happened to James Jordan - the state or the defense," Mumma said. Attorney Hugh Rogers, who represented Demery, said no physical evidence tied either man to the shooting. "It became 'he said, he said,'" Rogers said. "I guess looking at the various versions each one gave, once Larry got to his ultimate version, there was more corroboration there than there was to Daniel's ultimate version." Green said he and Demery became friends in third grade, when they got into a playground fight and a teacher made them apologize and read books together. When he found out Demery had accused him, Green said, he couldn't believe it. As he wore the jewelry and drove around in the red Lexus, Green said he thought he was using the possessions of a drug dealer. He believes he learned he had helped dispose of the body of James Jordan when he read that in news stories. By that time, Michael Jordan had helped the North Carolina Tar Heels win the 1982 NCAA championship and led the Chicago Bulls to three NBA titles. He would win three more titles with the Bulls; he now owns the Charlotte Hornets. A spokeswoman for Michael Jordan declined to comment on Green's attempt for a new trial. In addition to evidence in the defense filings, Green's lawyers will contend that no one was convicted of actually killing James Jordan. Demery accused Green, but jurors found in the sentencing phase that Green didn't kill or intend to kill Jordan, and didn't plan to use deadly force. The state attorney general's office says jurors' opinions at sentencing aren't relevant to the conviction of first-degree murder under the felony murder rule, which means someone died during the commission of another crime. The district attorney who prosecuted Green said he doesn't believe it matters who shot Jordan, although he's confident the evidence showed Green pulled the trigger. "If you ask me who killed James Jordan, I'm going to say Daniel Green and Larry Demery," said Johnson Britt, who retires at the end of the year......»»

Category: sportsSource:  abscbnRelated NewsDec 5th, 2018

RCBC board approves thrift bank merger

RCBC board approves thrift bank merger.....»»

Category: financeSource:  thestandardRelated NewsNov 28th, 2018