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Remittance, forex, money changers BSP tightens rules on money services

MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) has tightened rules on the operations of money service businesses (MSBs) including limiting the c.....»»

Category: financeSource:  philstarRelated NewsJan 21st, 2017

Former England coach Graham Taylor dies at 72

ROB HARRIS, AP Global Soccer Writer   LONDON (AP) — Graham Taylor, the England coach derided for failing to qualify for the 1994 World Cup after flourishing as a club manager working for pop star Elton John, has died. He was 72. Taylor, who won admiration by leading Aston Villa and Watford into the top-flight in the 1980s, died early Thursday of a suspected heart attack, his family said. 'The family are devastated by this sudden and totally unexpected loss,' a family statement said. Taylor is one of only four managers to have taken the same team from the fourth to the top division in English soccer, and he achieved it within five years at Watford. Elton John, who owned Watford during Taylor's two stints in charge, said it was a 'sad and dark day' for the club. 'He was like a brother to me,' John wrote on an Instagram post . 'We shared an unbreakable bond since we first met. We went on an incredible journey together and it will stay with me forever. 'He took my beloved Watford from the depths of the lower leagues to uncharted territory and into Europe. We have become a leading English club because of his managerial wisdom and genius.' Taylor reached the pinnacle of English management when he was hired by the national team in 1990, inheriting a side that reached the World Cup semifinals. 'His enthusiasm for life and football was incredible,' former England player Paul Gascoigne said. Taylor guided England to the 1992 European Championship, but the team was eliminated at the first stage, setting the tone for the rest of his time with the national team. After England lost 2-1 to Sweden in its final game at Euro 92, The Sun tabloid trashed Taylor with the headline: 'Swedes 2 Turnips 1.' Taylor's head was superimposed on a turnip, a caricature that led to the manager becoming known harshly as 'Turnip Taylor.' 'It hurts and that's what really, really annoys me,' Taylor recalled in a 2012 BBC documentary. 'They have no recognition about how much it hurts you. They think you don't care. 'And those people that know it hurts you, they put the knife into you so it hurts you even more.' Taylor's decision to grant behind-the-scenes access to a television crew for the qualifying campaign for the 1994 World Cup backfired when the extent of the strain of the job was exposed. In 'The Impossible Job,' Taylor was filmed complaining about a refereeing decision during a qualifier against the Netherlands, telling the linesman: 'Tell your mate he's just cost me my job.' Reflecting later on his shortcomings in the England job, Taylor said: 'I am not bitter. I am just disappointed in myself.' The failure to reach the 1994 World Cup in the United States was a blot on Taylor's accomplishments in management after a modest playing career ended at age 28 due to a hip injury. Having already become the youngest person to attain a full Football Association coaching badge, Taylor was able to move straight into management with Lincoln after playing for the team. After winning the fourth tier, Taylor moved south to Watford. With the boardroom backing of John, Taylor guided Watford from the fourth division to the first division (then the top tier), an FA Cup final and European competition in five years from 1978. John then allowed Taylor to move to Aston Villa, where he secured promotion to the top-flight and a second-place finish in 1990. He returned as club management after his England management, taking Watford back into the Premier League and enjoying one final spell at Villa before leaving the dugout for good in 2003. He was a regular commentator on matches in recent years for BBC radio. He is survived by wife Rita and daughters Joanne and Karen. .....»»

Category: sportsSource:  abscbnRelated NewsJan 12th, 2017

BSP tightens pawnshop regulations

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has tightened the rules governing pawnshops as the industry plays an important role in building a.....»»

Category: financeSource:  philstarRelated NewsDec 24th, 2016

Watchdog tightens rules against money laundering

THE ANTI-MONEY LAUNDERING Council (AMLC) has released new regulations about 10 months after a stolen $81-million made its way into the Philippine financial system and unmasked loopholes in the relevant measure......»»

Category: newsSource:  bworldonlineRelated NewsDec 23rd, 2016

BSP tightens rules on remittances, dormant accounts

MANILA, Philippines - Local remittance senders will now have to shoulder alone transaction fees and charges under new regulations of the Bangko Sentral ng Pi.....»»

Category: financeSource:  philstarRelated NewsOct 27th, 2016

Central bank tightens rules on deposit dormancy

THE BANGKO SENTRAL ng Pilipinas (BSP) has capped the monthly deposit dormancy fee imposed by banks and other financial entities and issued stricter requirements before they can penalize owners of idle accounts, as part of efforts to boost consumer protect.....»»

Category: newsSource:  bworldonlineRelated NewsOct 26th, 2016

On ‘issue-based’ VAT audits: BIR tightens watch on businesses

MANILA, Philippines - Businesses are now under tighter watch by the Bureau of Internal Revenue (BIR), which issued new rules and procedures covering “issue-b.....»»

Category: financeSource:  philstarRelated NewsSep 22nd, 2016

Beijing tightens maritime rules after South China Sea case

Beijing tightens maritime rules after South China Sea case.....»»

Category: newsSource:  rapplerRelated NewsAug 2nd, 2016

Nike Finally Has Curvy Model

Nike Women’s Instagram account is followed by over 4.8 million people who enjoy images of various, diverse ladies endorsing the products. However, curvy women seem to be missing from the set of models. Welcome to...The post Nike Finally Has Curvy Mo.....»»

Category: newsSource:  metrocebuRelated NewsJul 20th, 2016

Nadal holds off Zverev to reach 4th round at Australian Open

JOHN PYE, AP Sports Writer br /> MELBOURNE, Australia (AP) — Rafael Nadal held back time, for one match at least, when he rallied for a 4-6, 6-3, 6-7 (5), 6-3, 6-2 win over German teenager Alexander Zverev to reach the fourth round of the Australian Open. The 14-time major winner is on a comeback after an extended injury layoff, yet he finished stronger in the 4-hour, 6-minute match on Rod Laver Arena as Zverev tightened up with cramping and nerves. 'I enjoyed a lot this great battle. I was losing the last couple of times in the fifth set and I said to myself, 'today's the day',' said ninth-seeded Nadal, who had lost eight of the previous nine times he'd trailed 2-1 in a best-of-five set match. His 30-year-old legs, conditioned by 236 Grand Slam matches, carried him all the way. 'Well, fighting — and running a lot,' Nadal said, when asked to explain the difference. 'I think you know, everybody knows how good Alexander is — he's the future of our sport and the present, too.' Serena Williams has done it more easily, reaching the fourth round without dropping a set to stay on course in her bid for a record 23rd Grand slam title. Williams beat fellow American Nicole Gibbs 6-1, 6-3 and didn't face a break point until she was serving for the match. Dropping serve in that game was her only lapse in a match that then extended just beyond the hour — to 63 minutes to be precise. The six-time Australian Open champion next faces No. 16 Barbora Strycova. 'I don't have anything to prove in this tournament here. Just doing the best I can,' Williams said. 'Obviously I'm here for one reason.' Milos Raonic is here pursuing his first major title, aiming to improve on his runs to the semifinals in Australia and the final at Wimbledon last year. He reached the fourth round with a 6-2, 7-6 (5), 3-6, 6-3 win over No. 25 Gilles Simon and will next play No. 13 Roberto Bautista Agut, who beat David Ferrer 7-5, 6-7 (6), 7-6 (3), 6-4. Nadal, who had two months off with an injured left wrist at the end of 2016, will get another veteran next after U.S. Open semifinalist Gael Monfils beat Philipp Kohlschreiber 6-3, 7-6 (1), 6-4. In another gripping five-setter, but on an outside court, wild-card entry Denis Istomin followed his upset win over defending champion Novak Djokovic with a 6-4, 4-6, 6-4, 4-6, 6-2 victory over Pablo Carreno Busta. No. 8 Dominic Thiem beat Benoit Paire 6-1, 4-6, 6-4, 6-4 to set up a fourth-round match against No. 11 David Goffin, who ended Ivo Karlovic's run 6-3, 6-2, 6-4. Zverev's creative shot-making gave the 19-year-old German a confident start. He had won his previous three matches against top-10 players, and has been widely touted as a future Grand Slam champion. But Nadal, the champion here in 2009, didn't let him get too far in front. In an exchange of breaks in the fifth set, Nadal broke to open, then dropped his own serve, before breaking Zverev again. Nadal finished with 43 winners and 34 unforced errors, while Zverev — hitting harder and trying more to find the lines — had 58 winners and 74 unforced errors. In early women's matches, Ekaterina Makarova led by a set and 4-0 but had a mid-match fade, needing three sets and almost three hours to finally beat WTA Finals champion Dominika Cibulkova 6-2, 6-7 (3), 6-3. 'An amazing fight,' Makarova said of her first win over sixth-seeded Cibulkova, the 2014 finalist at Melbourne Park. 'I got, to be honest, a bit tight at 4-0 in the second set. But I'm still here.' She'll now take on last year's semifinalist Johanna Konta, who beat former No. 1-ranked Caroline Wozniacki 6-3, 6-1, in a rematch of their fourth-round encounter here last year. Mirjana Lucic-Baroni continued her unlikely run with a 3-6, 6-2, 6-3 win over Maria Sakkari, and so did American qualifier Jennifer Brady. Before this week, the 34-year-old Lucic-Baroni hadn't won a match at Melbourne Park since her debut here in 1998. The 19-year gap in between match wins at a Grand Slam tournament broke the record set by Kimiko Date-Krumm. The 1999 Wimbledon semifinalist next plays No. 116-ranked Brady, who had never played in the main draw of a major before she qualified for this week. The 21-year-old Brady had a 7-6 (4), 6-2 win over 14th-seeded Elena Vesnina on Show Court 2. .....»»

Category: sportsSource:  abscbnRelated NewsJan 21st, 2017

Federer gracious in praise of Sunday opponent at Aussie Open

DENNIS PASSA, AP Sports Writer br /> MELBOURNE, Australia (AP) — As befitting his status as a 17-time Grand Slam champion and as an astute judge of the sport, Roger Federer's reply to a simple question about his next opponent was handled with the same aplomb as one of his stylish groundstrokes. The player in question was Kei Nishikori, who plays Federer in a fourth-round night match Sunday at Rod Laver Arena. 'I'm a big fan of his game,' Federer said. 'He's got one of the best backhands out there. I love how he can crush it down the line or cross-court. He's got wonderful second serve returns. He's fast on his legs. Strong in his mind. I know how tough he is as the match goes along. He finds his range and his rhythm, he's tough to stop.' Federer said he'll need another strong service game if he's going to give Nishikori some trouble. In Federer's win over Tomas Berdych on Thursday, he didn't face a break point and he won points on 95 percent of the first serves he got into play — 39 of 41, and all 16 in the third and final set. 'This one's going to be completely different to Tomas ... there's going to be more rallies, even though the surface remains fast. I said it at the beginning of the week, it's not easy to control the ball. Today again, when you serve well, it pays dividends. I hope I can keep that up against Kei.' Asked if Nishikori should be considered the favorite because of the No. 5 seeding (Federer is 17th after a six-month left knee injury layoff) Federer replied, smiling: 'Yeah, sure, he's the favorite. Maybe. I don't know.' Nishikori said he watched some of the Federer-Berdych match and was impressed. 'Roger, it's a big challenge for me,' Nishikori said. 'I'm just happy to play him because I think we needed him on the tour. Happy to see him back 100 percent.' Here are some other featured matches Sunday: ___ NO PRESSURE: Top-seeded Andy Murray plays Mischa Zverev in an afternoon match at Margaret Court Arena. Murray, a five-time Australian Open finalist, is heavily favored. The 50th-ranked Zverev, the older brother of 19-year-old rising star Alexander Zverev — who lost to Rafael Nadal in the third round — says Murray could go either way while pondering his ranking advantage. 'I don't know if it's more pressure on him or maybe it's a relief,' Mischa Zverev said. 'If someone like Novak (Djokovic) is out of the tournament, I feel like the whole rhythm of the tournament changes a little bit, so we'll see what's going to happen.' Zverev hopes to possibly rile the often volatile Murray. 'If he plays his best tennis, obviously I don't think I have a lot of chances, but it'll depend on the day,' he said. 'Let's see if I can annoy him a little bit. If I'm serving well and not missing any volleys, maybe I can do some damage.' ____ KERBER IN CONTROL?: Defending champion Angelique Kerber plays American CoCo Vandeweghe in the match following Federer-Nishikori on Rod Laver. Kerber holds a 2-0 career edge, although the last time the two played — in Wuhan, China in 2015 — Vandeweghe retired from the match with a left ankle injury while trailing 6-1, 3-1. 'CoCo is a tough opponent ... she's serving well,' Kerber said. 'I have to move good ... bring a lot of balls back, but also be aggressive.' ___ IN BRIEF: Venus Williams, who is appearing in her 73rd Grand Slam main draw — a record for the Open era — plays Mona Barthel in an afternoon match. U.S. Open champion Stan Wawrinka continues his quest for titles in consecutive Grand Slams — and his fourth major overall — when he plays Andreas Seppi. French Open champion Garbine Muguruza plays Sorana Cirstea. ___ Associated Press writer Justin Bergman contributed to this story. .....»»

Category: sportsSource:  abscbnRelated NewsJan 21st, 2017

Nice striker Balotelli says Bastia fans racially abused him

PARIS (AP) — Nice striker Mario Balotelli says he was racially abused by Bastia fans who made monkey noises during Friday night's French league match. The Italian forward wrote a message on his Instagram and Twitter pages on Saturday describing the abuse he heard during the 1-1 draw at the 20,000-capacity Armand Cesari stadium in Corsica. 'Is it normal that Bastia supporters make monkey noise (and) 'uh' 'uh' for the whole game and no one of the 'commissions discipline' say nothing?' Balotelli wrote, referencing the French league's disciplinary committee. 'So is racism legal in France? Or only in Bastia? Football is an amazing sport. Those people like Bastia supporters make it horrible!' Balotelli, 26, the son of Ghanaian immigrants to Italy, concluded his post by writing in French that what happened was 'une vrai honte,' or a total disgrace. Nice's official Twitter account shared Balotelli's message. The French league has yet to comment on the matter. Balotelli joined from Liverpool on a free transfer in August and has scored eight league goals in 10 games to help Nice challenge for the title. .....»»

Category: sportsSource:  abscbnRelated NewsJan 21st, 2017

Miss Universe 2016 changes competition rules

Miss Universe 2016 changes competition rules.....»»

Category: newsSource:  rapplerRelated NewsJan 21st, 2017

Spurs' Gasol undergoes hand surgery, return undetermined

SAN ANTONIO (AP) — Spurs center Pau Gasol has undergone surgery to repair a fractured left ring finger. The Spurs said they have not determined a timeline for Gasol's return after Friday's procedure. The 16-year veteran fractured his left fourth metacarpal Thursday night while in the layup line prior to San Antonio's home victory over Denver. Attempting a running hook while coming in from the left side of the basket, Gasol jammed his left hand into Kyle Anderson's left shoulder. Gasol immediately grabbed his hand and exited the court shortly thereafter to undergo X-rays, which revealed the break. It was the first game Gasol missed due to injury this season. He sat out two games for rest. The 7-foot center from Spain is in his 16th NBA season, but first with the Spurs after signing as a free agent following two seasons in Chicago. He is averaging 11.7 points and 7.9 rebounds in 39 games. San Antonio (33-9), which visits Cleveland on Saturday, has the league's second-best record. .....»»

Category: sportsSource:  abscbnRelated NewsJan 21st, 2017

Spurs' Gasol undergoes hand surgery, return undetermined

SAN ANTONIO (AP) — Spurs center Pau Gasol has undergone surgery to repair a fractured left ring finger. The Spurs said they have not determined a timeline for Gasol's return after Friday's procedure. The 16-year veteran fractured his left fourth metacarpal Thursday night while in the layup line prior to San Antonio's home victory over Denver. Attempting a running hook while coming in from the left side of the basket, Gasol jammed his left hand into Kyle Anderson's left shoulder. Gasol immediately grabbed his hand and exited the court shortly thereafter to undergo X-rays, which revealed the break. It was the first game Gasol missed due to injury this season. He sat out two games for rest. The 7-foot center from Spain is in his 16th NBA season, but first with the Spurs after signing as a free agent following two seasons in Chicago. He is averaging 11.7 points and 7.9 rebounds in 39 games. San Antonio (33-9), which visits Cleveland on Saturday, has the league's second-best record. .....»»

Category: sportsSource:  abscbnRelated NewsJan 21st, 2017

Lewandowski gets superb winner as Bayern beats Freiburg 2-1

MUNICH (AP) — Robert Lewandowski showed impressive dexterity to score an injury-time winner as Bundesliga leader Bayern Munich scraped a 2-1 win at Freiburg on Friday. The Poland striker was near the penalty spot when he jumped up to expertly chest down Franck Ribery's high cross with his back to goal. Lewandowski turned sharply, flicked the ball up with his right foot and then still had enough balance to volley a low shot into the bottom corner with his left. It was Lewandowski's 14th league goal in 17 games this season and arguably one of the best of his career. He had equalized in the 35th minute after German forward Janik Haberer put Freiburg ahead as early as the fourth, beating goalkeeper Manuel Neuer with a powerful shot into the bottom left corner. The 28-year-old Lewandowski smacked a chance over from close range from Brazil midfielder Douglas Costa's cross, but then made amends a minute later when he volleyed in the equalizer. He was just warming up and his outstanding winner took his Bayern tally to 22 for the season and 89 in 125 games since joining from Bundesliga rival Borussia Dortmund at the start of the 2014-15 season. As the German league resumed following the winter break, defending champion Bayern moved six points clear of Leipzig and Freiburg was eighth ahead of this weekend's games. .....»»

Category: sportsSource:  abscbnRelated NewsJan 21st, 2017

Nets stop 11-game losing skid by routing Pelicans

NEW ORLEANS (AP) Brook Lopez and Bojan Bogdanovic scored 23 points apiece and the Brooklyn Nets ended an 11-game losing streak, routing the New Orleans Pelicans 143-114 on Friday night. Caris Levert added 17 points on 6-of-6 shooting for the Nets, who had seven players in double figures while beating their season high for points by 16.  br /> Their 29-point victory was 11 more than their previous largest. They also set season highs for points in the second quarter (37) and points in any quarter with 43 in the third. Anthony Davis led New Orleans with 22 points and nine rebounds despite leaving in the third quarter with a leg injury. The defeat was a huge comedown for him and the Pelicans a day after he was named a starter for the NBA All-Star Game in New Orleans. .....»»

Category: sportsSource:  abscbnRelated NewsJan 20th, 2017

Central bank tightens watch on money changers

THE BANGKO SENTRAL ng Pilipinas (BSP) will keep a closer watch on remittance and transfer companies (RTCs), foreign exchange dealers (FXDs), money changers (MCs) and other money service businesses (MSBs), as part of efforts to combat money laundering in the country......»»

Category: newsSource:  bworldonlineRelated NewsJan 20th, 2017

PBA: Bolts check slide

The Meralco Bolts got a big lift from unlikely sources and a key player back from an injury and snapped a six-game losing skid with an 82-72 victory over the Rain or Shine Elasto Painters yesterday in the PBA Philippine Cup at the Cuneta Astrodome in Pasay City......»»

Category: newsSource:  tempoRelated NewsJan 20th, 2017

A tournament without Djokovic to hit home in Australia

DENNIS PASSA, AP Sports Writer br /> MELBOURNE, Australia (AP) — The stark reality of an Australian Open third round without Novak Djokovic — for the first time in 11 years — hits home on Saturday when the remaining players in his half of the draw, Rafael Nadal and Milos Raonic among them, attempt to advance to the second week of the tournament. Djokovic was beaten on Thursday in five sets by wild-card entry Denis Istomin, the earliest that the Serbian star has left Melbourne Park in singles since his first appearance here in 2006 when he was beaten by American Paul Goldstein in the first round. 'What Novak did here is just amazing, six victories here, six titles ... so it is not possible to be every time in that situation, no?' Nadal said after his second-round win. 'So then today was probably an accident, that's all. We are athletes. We know when we are going on court we can lose and we can win. It probably was a combination that Denis played a great match and Novak didn't play his best. When this combination happens, then you are in trouble. Everything can happen. And (it) happened.' Istomin, meanwhile, plays on. He's up against 30th-ranked Pablo Carreno Busta on Show Court 2 on Friday. Here's a look at some of the key matchups Saturday: ___ RAFA'S TOUGH ASSIGNMENT: Nadal plays 19-year-old Alexander Zverev in an afternoon match at Rod Laver Arena. The young German was voted the ATP Star of Tomorrow in 2015 and has mostly lived up to the hype, seeded 24th here. 'He is one of the best players in the world, without a doubt ... and one of the next Grand Slam winners,' Nadal said. 'He has a big chance to become the future world No. 1 if he's able to keep improving the way that he's doing.' Nadal has been playing well since his return to the circuit after two lengthy injury spells last year, the 14-time major winner looking almost flawless in his straight sets win over Marcos Baghdatis in the second round. Still, he's expecting to have his hands full with Zverev: 'I know I have a very tough match ... I know I need to play my best if I want to have a chance.' ___ A SERENA BREATHER?: Six-time Australian Open champion Serena Williams had two fairly tough matches through the first two rounds, facing Belinda Bencic, a former No. 7-ranked player now sitting at 59, and Lucie Safarova, ranked No. 61 but who Williams beat in the 2015 French Open final. Williams won both matches in straight sets. Her third-round match is against fellow American Nicole Gibbs, who Williams beat in straight sets at Stanford in 2012 in their only previous meeting. Williams said she feels she's better for the experience of having had tough opposition in the first two rounds. 'When I play players like Bencic and Safarova, they force me to play better,' Williams said. 'It forces my game from the very first day to be at a high level. I needed something to start really fast. I'm not going to complain about it.' ___ CONTRASTING STYLES: Third-seeded Milos Raonic plays Gilles Simon on Hisense Arena and the Canadian holds a 3-1 edge in career meetings. Their only Grand Slam match came in the fourth round of the 2014 French Open, when Raonic won in five sets, including 7-5 in the fifth. 'I know a lot about his game. I've watched him play a lot,' Raonic said. 'He's going to be there really trying to get me to play at his speed, his rhythm. Obviously he tries to slow things down, play low. I won't have the opportunity to get too many swings at many shots.' Which means Raonic, with one of the best serves in the game, will try to get points over quickly. 'I've got to serve well and I've got to be aggressive and I've got to take it to him. The last thing I want to do is get into this sort of game of playing long rallies with him.' ___ KONTA vs WOZNIACKI: Last year's semifinalist Johanna Konta and Caroline Wozniacki, a former No. 1 who made it to the final four here in 2011, meet for the first time in an afternoon match at Margaret Court Arena. Both have been playing well, Konta coming off a win in the Sydney International last week, and Wozniacki having dropped just seven games in her first two matches at Melbourne Park. 'She had a good last year,' Wozniacki said. 'But at the end of the day, it doesn't matter who is on the other side.' .....»»

Category: sportsSource:  abscbnRelated NewsJan 20th, 2017