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Landbank account holders can now pay taxes online

MANILA, Philippines — State-run Land Bank of the Philippines launched yesterday an electronic payment system which allows its account holders to pay their ta.....»»

Category: financeSource: philstar philstarOct 13th, 2017

RCBC offers first online forex trading platform

RCBC is now the first bank in the country to offer an online foreign exchange (forex) platform that allows existing clients and account holders to buy and sell currency online. RCBC offers first online forex trading platform Rizal Commercial Banking Corporation (RCBC) is now the first bank in the country to offer an online foreign… link: RCBC offers first online forex trading platform.....»»

Category: newsSource:  manilainformerRelated NewsJul 4th, 2018

Republican Karen Handel beats Jon Ossoff in runoff – The Guardian

Democrats fell short of a special election victory yet again on Tuesday when Jon Ossoff, long the best hope of Democrats to win a special election in the Trump administration, suffered a narrow loss to Republican Karen Handel in the Sixth Congressional District. The race was the latest in a series of special elections in Republican seats where Democrats managed to deliver moral victories – rather than actual victories – as they proved unable to notch a major electoral win in the Trump administration. With 100% of precincts reporting, Handel had 52.7% and Ossoff had 47.3%. Sporadic downpours and flash flood warnings helped to put a damper on Democratic turnout in base precincts and on the hopes of progressives to thwart Republican efforts to repeal and replace the Affordable Care Act. Combined with an energized Republican base that kept Ossoff from accumulating a significant lead among early voters, it doomed the hopes of the anti-Trump activists who made the first time Democratic candidate a minor political celebrity. The runoff came after a first round of voting in April where Ossoff won just over 48% of the vote and Handel finished second in a splintered Republican field with just under 20% of the vote. However, Ossoff struggled to match that total as Handel consolidated the Republican vote in a traditionally conservative district in the northern suburbs of Atlanta and ended up falling a percentage point short of his much hyped performance in the first round of voting. Trump took to Twitter to hail the result as a personal victory “Thank you @FoxNews “Huge win for President Trump and GOP in Georgia Congressional Special Election.” The seat had been vacated by Tom Price when the former congressman joined Trump’s cabinet to become secretary of health and human services and previously held by Republican stalwarts like Senator Johnny Isakson and former speaker Newt Gingrich. Although Price won by 23% in 2016, Donald Trump only narrowly won this wealthy, well-educated district by just over 1%. Trump’s narrow win sparked optimism among Democrats that the district, where nearly 60% of residents have a college degree, could flip as part of the political realignment around the president’s upset victory in 2016. Roughly $50m ended up being spent by both parties and allied groups in the race as it became the most expensive congressional campaign in the history of the United States. However, while Democrats had motivated their base and won over skeptical Republicans, the conservative slant of district proved too much even for the nearly unprecedented resources that Democrats invested in the race, even flying in volunteers for last minute doorknocking as local television stations had been saturated by 30-second advertisements. The two candidates took different tones in their election night speeches after the race was called. Ossoff, speaking to a distraught crowd in a packed ballroom, cast the race in historical terms. “As darkness has crept across this planet you have provided a beacon of hope to people in Georgia and people in around the world,” Ossoff told attendees. He cast the race in broader metaphysical terms. “The fight goes on, hope is still alive,” said Ossoff. In contrast, Handel gave a far more traditional speech. She mentioned the obligation that came with “being the first Republican woman elected to Congress from the great state of Georgia” and cast herself an inspirational story, telling attendees “anything is possible with hard work, inspiration, grit and people that believe in you.” Handel also touched on policy priorities like “finishing the drill on health care” and lowering taxes including repeal of the estate tax. Although the race had been cast a referendum on Trump – an opinion the President seemed to endorse after the result had been reported – both candidates awkwardly danced around his looming presence on the campaign trail. At Handel’s campaign events, Trump’s name went unmentioned by the candidate and introductory speakers. Instead, there was constant refrain of attack on Ossoff for his ties to House minority leader Nancy Pelosi and praise for previous holders of the seat like Price and Gingrich. Ossoff was regularly bashed for the amount of money he raised out of state, for having “San Francisco values” and, particularly, for the fact that he did not actually live in the district. Handel, who suggested in the first televised debate of the campaign that Trump should use Twitter less often, told the Guardian in an interview on Monday that she didn’t pay attention to the president’s use of social media. She said “I am focused on my campaign, I have precious little time to be on Twitter.” Several hours later, her campaign sent out a fundraising email signed by the former secretary of state with the subject line “did you see what Trump just tweeted?” after the President used his ubiquitous social media account to tout her campaign. Ossoff has also been measured in his attacks on Trump in a traditionally Republican district albeit one that the president barely won in 2016. Instead, the lanky and measured political neophyte focused on banal and politically non-controversial issues like government waste and turning Atlanta into “the Silicon Valley of the South” and let the progressive anti-Trump enthusiasm of the Democratic base carry him. Instead, he has focused on Handel’s stint as Georgia secretary of state as well as her brief stint with the Susan Komen Race For The Cure, a charity which combats breast [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsJun 21st, 2017

Blogger faces charges for posting bomb rumors

BLOGGER Andrew “Drew Olivar”, initially known for his controversial video about federalism, will face charges for posting bomb rumors on his social media account, according to Philippine National Police (PNP) Chief Oscar Albayalde on Monday morning. Albayalde’s statement comes after Director Guillermo Eleazar of the National Capital Region Police Office (NCRPO), told reporters on September [...] The post Blogger faces charges for posting bomb rumors appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated News10 hr. 10 min. ago

San Miguel submits new airport deal

San Miguel Corp.’s (SMC) bid to develop an airport in Bulacan could soon be challenged after the conglomerate submitted a revised concession agreement to the Transportation department. Transportation Undersecretary Ruben Reinoso Jr. said the revised deal for the development of the New Manila International Airport (NMIA) took into account comments from the department, National Economic [...] The post San Miguel submits new airport deal appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 19th, 2018

Peso falls back to P54:$1 level

The peso returned to the P54:$1 level on Monday with an analyst pointing to the country’s trade and current account deficits as triggering the decline. The currency, which added 10 centavos last Friday, opened at P54.10 against the greenback and dropped to as low as P54.28 during the day. It closed at P53.11, down 14 centavos, [...] The post Peso falls back to P54:$1 level appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsSep 18th, 2018

Retain Peza incentives, foreign chambers urge

MEMBERS of the Joint Foreign Chambers of the Philippines said on Wednesday that although they support the government’s move to reduce corporate income taxes, the incentives enjoyed by firms in areas under the Philippine Economic Zone Authority (Peza) should be retained. In a press conference during the Arangkada Philippines forum, the American, Canadian, European, Japanese, [...] The post Retain Peza incentives, foreign chambers urge appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 12th, 2018

Current account gap seen breaching target

The Philippines could post a wider current account deficit this year—topping the Bangko Sentral ng Pilipinas’ (BSP) target—and in 2019, an ING Bank Manila economist said. “[S]trong domestic demand continues to worsen the trade imbalance and would likely result to a wider current account deficit,” Joey Cuyegkeng noted in a report released on Tuesday. He said [...] The post Current account gap seen breaching target appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 5th, 2018

Higher alcohol taxes eyed by 2020

The Finance department is looking to slap higher excise taxes on alcohol products beginning 2020. Current tax bureau regulations call for a 4.0-percent annual increase in alcohol excise taxes beginning January 2018 while distilled spirits are also levied an additional ad valorem tax of 20 percent based on net retail price (NRP) per proof, excluding [...] The post Higher alcohol taxes eyed by 2020 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 21st, 2018

Valuation of Property Gifts

Last March, the Department of Finance (DoF) issued Revenue Regulations (RR) No. 12-2018, the consolidated regulations governing the imposition and payment of estate and donor’s taxes, implementing the provisions of Republic Act (RA) 10963, or the “Tax Reform for Acceleration and Inclusion” Train Law. The donor’s tax for each calendar year is now at a [...] The post Valuation of Property Gifts appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 18th, 2018

‘Eat Bulaga!’ to be available online 24/7

  To keep up with the times, "Eat Bulaga!" is embracing digital platforms to further widen its reach. Episodes of the noontime variety program are now uploaded to its official YouTube account. It has been made available for viewing via livestream. The team behind the show has also started producing exclusive content. "Eat Bulaga Behind the Scenes," for instance, has the hosts putting themselves in the shoes of the production team, be it a production assistant, floor director, social media manager or researcher. "The vision is to make the show 24/7 for people online," Jeny Ferre, senior vice president for creatives and operations, said in a statement. "You can check v...Keep on reading: ‘Eat Bulaga!’ to be available online 24/7.....»»

Category: newsSource:  inquirerRelated NewsAug 18th, 2018

LandBank to lower PDS takeover offer

State-run Land Bank of the Philippines (LandBank) will be lowering its offer price for Philippine Dealing System Holding Corp. (PDSHC), citing a decline in the fixed income exchange operator’s net asset value. “Basically it will be lower than P360 because we have to factor in the dividends they have declared,” LandBank President and CEO Alex [...] The post LandBank to lower PDS takeover offer appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 10th, 2018

DA s 2018 NBA Offseason Rankings: The Middle 10

By David Aldridge, TNT Analyst Wonder what the rental market is like in San Luis Obispo, Calif. San Luis Obispo is, give or take a few miles, one of the closest cities that is near the midway point between Los Angeles and San Francisco. Given the events of the NBA’s offseason, it’s not hare to imagine national reporters are going to be spending a lot of time in California next season, bouncing back and forth between the Bay and L.A. Catch LeBron James and the Lakers on Wednesday and then, Stephen Curry, Kevin Durant and the Warriors on Thursday. The Western Conference only got stronger and deeper with James leaving Cleveland for a second time, this time to go to the Lakers. Add four of the top five Draft picks -- including No. 1 overall selection Deandre Ayton (Phoenix Suns), No. 2 pick Marvin Bagley III (Sacramento Kings) and international phenom Luka Doncic (No. 3 pick, acquired by Dallas Mavericks) -- going to Western Conference teams, and the talent disparity between conferences only seems greater. But did Eastern Conference teams take advantage of Cleveland deflating to make their teams better? And how effective were West teams in making their teams better prepared to at least compete with the Warriors? That’s where this year’s Offseason Rankings come in -- big, bold, definitive. You love them, if the amount of hate tweets and e-mails I get after they’re published are any indication. Every year, we rank how all 30 teams have done since the end of their respective seasons. We look at everything -- how they drafted, what trades they made, what players they signed in free agency, and for how much -- or if they didn’t participate in free agency much at all. We look at if they’ve changed coaches, executives, owners, or if they’re moving into a new building that can generate big revenues. And you have to decide which ones you liked the most. Here's what these rankings ARE NOT: A predicted order of finish for next season. It's an opinion that seeks to answer a question: is the team better now than at the end of last season? The ranking reflects the belief on whether, and how much, that is so. (I liked certain guys who were in the Draft more than others, so if your team took them, I probably weighed it more positively. Doesn't mean I'm right.) I do not expect the Suns, for example, to have a better record than the Celtics, just because they had a better summer. It is not a ranking of the teams in order from 1 through 30 right now; I do not believe the Mavericks are now a better team than Rockets. This is just one person’s opinion about offseason moves -- offseason moves only. Is your team better now than it was before? - If your team is ranked in the top 10, it doesn't mean I love your team.       - If your team is ranked in the bottom 10, it doesn't mean I hate your team. It's an opinion that seeks to answer a question: is the team better now than at the end of last season? The ranking reflects the belief on whether, and how much, that is so. (I liked certain guys who were in the Draft more than others, so if your team took them, I probably weighed it more positively. Doesn't mean I'm right.) What plays into the rankings: - This isn’t science. It’s an educated guess, weighing the impact both of the Draft and free agency, but also assessing whether teams got value in their free-agent signings. Overpaying the right player is as much a sin as signing the wrong player. A good new coach can coax some more wins out of a roster. But if a team’s players don’t believe in the system their team uses, the best Xs and Os on earth don’t matter.       - Teams that are rebuilding obviously have different priorities than teams making a championship push. That's factored in. So Chicago, for example, gets credit for adding young, affordable players as it stockpiles its talent -- but that talent has to fit together, as Wendell Carter Jr. does with Lauri Markannen. And a team like the Warriors that shows it’s willing to go deep into the luxury tax -- which most teams try to avoid -- in order to keep winning has to be commended, and its rankings reflect that commendation.       - Continuity matters here as well. The most successful teams usually not only identify a core group of players, they keep them together for a while, finding that sweet spot: everyone doesn’t get a max contract, but most get paid well enough to keep the train moving down the tracks. That reflects both good roster construction and good financial management -- and, again, is rewarded. The explosion in the cap means everyone has to spend; keeping your powder dry for another day doesn’t have as much cache as it used to. But you still have to manage your money wisely. Salary numbers, with a couple of exceptions, come from Basketball Insiders, whose Eric Pincus does the best job of anyone in the game of keeping track of all the moving financial parts, quickly and accurately -- which is why we use him at NBA TV during the Draft and free agency to tell us what the hell this all means. The Middle 10 * * * 11. TORONTO RAPTORS 2017-18 RECORD: 59-23; lost in Eastern Conference semifinals ADDED: Coach Nick Nurse; G Danny Green (acquired from Spurs); F Kawhi Leonard (acquired from Spurs) LOST: Former coach Dwane Casey; G DeMar DeRozan (traded to Spurs); F Alfonzo McKinnie (waived); C Jakob Poeltl (traded to Spurs) RETAINED: G Fred VanVleet (two years, $18.1 million) THE KEY MAN: Nurse. The former Raps assistant has extensive G League head coaching experience. But the NBA isn’t just about a coach’s Xs and Os acumen. We know Nurse can do that. But an NBA coach has to have command presence in a locker room not only full of millionaires, but full of Alpha males who have their own very strong opinions on how they should be used and how their teammates should help them. Nurse will have to show he can put his own stamp on a team that will have some new faces while still having extremely high expectations. THE SKINNY: You may well think Toronto should be higher, based on Leonard’s standing as a top-five player in the league when fully healthy. No matter what you think of DeRozan, a four-time All-Star, no one can realistically say he’s better than “The Klaw” when both are 100 percent. But, of course, we don’t know if Leonard’s 100 percent. And, trading DeRozan, who’d been the franchise’s biggest advocate during his nine seasons there -- and who had led the team to its greatest extended run of success ever -- is not a transaction without consequence for the Raptors. He helped get the best out of Kyle Lowry. He could help recruit free agents. And, the circumstances of his departure have not helped the franchise’s reputation. Still, this is a talent-based league, and Leonard has it. His and Green’s presence on the perimeter gives Toronto the chance to be a switching defensive monster -- and will help the Raptors be able to match up better with the likes of the Boston Celtics and Philadelphia 76ers in a late-May playoff matchup, as long as the Raptors’ young core in which it believes so strongly continues to play as well in reserve as it did last season. 12. MILWAUKEE BUCKS 2017-18 RECORD: 44-38; lost in first round ADDED: Coach Mike Budenholzer; G Donte DiVincenzo (No. 17 pick, 2018 Draft); G Trevon Duval; F Ersan Ilyasova (three years, $21 million); C Brook Lopez (one year, $3.32 million); F Pat Connaughton (two years, $3.2 million); LOST: Former interim coach Joe Prunty; G Brandon Jennings (waived); F Jabari Parker (signed with Bulls) RETAINED: None THE KEY MAN: G Eric Bledsoe. His departure from Phoenix early last season was messy. But once he got to Brewtown, Bledsoe solidified the Bucks at the point, averaging 17.8 points and 5.1 assists per game in 71 starts. At 28, Bledsoe faces the last year of his contract and will have to show a new coach he’s capable of running things long-term and playing alongside Giannis Antetokounmpo through the meat of his prime. THE SKINNY: Budenholzer’s arrival should coincide with an improvement in the Bucks’ defense, something that former coach Jason Kidd could never quite accomplish. Ilaysova’s return for a second tour in Milwaukee should help, with his celebrated charge-taking skill and Lopez’s still-substantial size a double-boon to Milwaukee’s interior D as the Bucks were bottom 10 last season in points allowed in the paint (47.4 per game). If the paint becomes a little tougher to traverse, the Bucks should finally able to use their substantial length on the wing to get back to create deflections and turnovers, and get out in transition, where Antetokounmpo and Friends do their best work and their most damage to the opposition. They’ll do so 41 nights a year for the next couple of decades in the 17,500-seat Fiserv Forum, the Bucks’ new arena that will open in early September with a concert and should pump new revenues into the Bucks’ bloodstream, giving them more financial wherewithal to keep “The Greek Freak” surrounded with high-quality talent. 13. UTAH JAZZ 2017-18 RECORD: 48-34; lost in Western Conference semifinals ADDED: G Grayson Allen (No. 21 pick, 2018 Draft); G Jarius Lyles; G Naz Mitrou-Long LOST: F Jonas Jerebko (waived) RETAINED: G Dante Exum (three years, $33 million); F/C Derrick Favors (two years, $37.6 million), G Raul Neto (two years, $4.4 million); F Georges Niang (three years, $4.9 million) THE KEY MAN: C Rudy Gobert. He’s a monster presence, the hub of the Jazz’s defensive wheel and the reigning Kia Defensive Player of the Year. And he has to take a step back in Utah next season for the Jazz to take the next step forward. He has to understand what Utah has in Donovan Mitchell and let that kid eat. Nobody in the league can do what Gobert does defensively. So embrace that and concentrate on that -- take the Draymond Green attitude about being the “defensive guy” on a great team (not that Jazz fans want you to do anything that Green does). Gobert’s handsomely paid and the DPOY award found him in Salt Lake City; there’s no small-market bias at work here. So let Mitchell and Joe Ingles carry the shooting/scoring load, let Ricky Rubio orchestrate, and snuff out opponent dreams at the other end, night after night. It’s what you were born to do. THE SKINNY: My God, Mitchell had a great rookie season. And Utah brought most of the band back from last season to provide advice and consent for him again, re-signing Favors, Exum and Neto each on very reasonable contracts. Doing so leaves Utah over the cap, still comfortably under the tax, and with nothing on the books that should raise an eyebrow financially. (Utah’s front office should handle my checking account for a while.) Anyway, no reason to expect any backsliding next season with the crew returning, though coach Quin Snyder will surely miss the counsel of his longtime friend Igor Kokoskov, off to run the Suns. 14. ATLANTA HAWKS 2017-18 RECORD: 24-58; missed playoffs ADDED: Coach Lloyd Pierce; F Justin Anderson (acquired from 76ers); G Kevin Huerter (No. 19 pick, 2018 Draft); C Alex Len (two years, $8.5 million); G Jeremy Lin (acquired from Nets); F Omari Spellman (No. 30 pick, 2018 Draft); G Trae Young (No. 5 pick, 2018 Draft) LOST: Former coach Mike Budenholzer; G Antonius Cleveland (waived); G Damion Lee (signed with Warriors); F/C Mike Muscala (traded to 76ers); G Dennis Schröder (traded to Thunder); G Isaiah Taylor (waived) RETAINED: C Dewayne Dedmon (picked up player option) THE KEY MAN: GM Travis Schlenk. The second-year executive will be judged on how well Atlanta uses its trove of Draft picks -- three firsts this year, three firsts next year, two firsts in 2022 -- the next few years. And, ultimately, the Hawks will live or die by whether Young or Luka Doncic becomes the bigger NBA producer. Schlenk’s chances of completing the rebuild may well ride on that. THE SKINNY: The Hawks’ roster teardown is nearing completion, but the renovated Philips Arena will come online faster than the team, which now needs Young to live up to all the hype after his one season at Oklahoma. He has incredible range and great potential, but he’ll be challenged every night to stay in front of the legion of great points in this league. Pierce, the former Sixers’ assistant, is going to have a very tough time melding all the newcomers with the small core of players who survived, including John Collins, Kent Bazemore, DeAndre' Bembry and Taurean Prince. 15. LA CLIPPERS 2017-18 RECORD: 42-40; missed playoffs ADDED: C Marcin Gortat (acquired from Wizards); G Shai Gilgeous-Alexander (No. 11 pick, 2018 Draft); F Johnathan Motley (acquired from Mavericks); F Mike Scott (one year, $4.3 million); F Luc Mbah a Moute (one year, $4.3 million), G Jerome Robinson (No. 13 pick, 2018 Draft) LOST: G Austin Rivers (traded to Wizards); C DeAndre Jordan (signed with Mavs); G C.J. Williams (waived) RETAINED: G Avery Bradley (two years, $24.9  million); C Montrezl Harrell (two years, $12 million); G Wesley Johnson (picked up player option); G Milos Teodosic (picked up player option) THE KEY MAN: F Tobias Harris. He was the key tangible piece of the Blake Griffin trade last season (the intangible being the unprotected first from Detroit in the deal that eventually became Gilgeous-Alexander after a Draft night trade with Charlotte). And Harris played quite well in his 32 games with the Clips, averaging 19.3 points and six rebounds per game. Those numbers could each well go up in a contract year and with few others outside of Lou Williams on the roster that can go get their own buckets. THE SKINNY: Amazing, but true: the Clipper player with the longest current tenure is … Wesley Johnson, who came aboard in 2015. “Lob City” is in the history books and change will be the norm here for a while, including next summer, when the Clippers expect to be a free-agent destination. The Clips did what they could with that not-insignificant restriction, but the best stuff was in the Draft, winding up with a potential long-term point in Gilgeous-Alexander and a two in Robinson that rocketed up the pre-Draft charts. Bradley’s on a very team-friendly and controllable contract, as is Patrick Beverley, whose modest 2018-19 salary isn’t guaranteed until January. Those two and Mbah a Moute can give coach Doc Rivers hope that he can get some stops on the perimeter, because while Gortat is still willing defensively and still takes a bunch of charges, he is not Jordan when it comes to rim protection. 16. BROOKLYN NETS 2017-18 RECORD: 28-54; missed playoffs ADDED: F/C Ed Davis (one year, $4.4 million); F Jared Dudley (acquired from Suns); F Kenneth Faried (acquired from Nuggets); G/F Treveon Graham (two years); F Rodions Kurucs (No. 40, 2018 Draft); F Dzanan Musa (No. 29 pick, 2018 Draft); G Shabazz Napier (two years, $3.7 million) LOST: F Darrell Arthur (traded to Suns); F Dante Cunningham (signed with Spurs); C Dwight Howard (waived); G Jeremy Lin (traded to Hawks); C Timofey Mozgov (traded to Hornets); G Nik Stauskas (signed with Blazers); G Isaiah Whitehead (traded to Nuggets) RETAINED: G Joe Harris (two years, $16 million) THE KEY MAN: Co-owner Joseph Tsai. The Alibaba executive and billionaire has 49 percent of the team, and can buy majority control from Mikhail Prokhorov by 2021. Until then, they’ll run the team jointly, so no matter Prokhorov’s ups and downs, Brooklyn’s financial spigot should never run dry. Tsai reportedly has designs on expanding the Nets’ brand further in China, just as Prokhorov believed the Nets had global reach. They didn’t, at least not the post-KG and Pierce squads. THE SKINNY: If you love Ed Davis like smart people who know basketball do, Brooklyn makes the top half by bringing the ex-Blazer in on a short deal. If he plays great, he’ll cost the Nets a pretty penny in 2019, but Brooklyn has to take chances on guys who can outperform their contracts. The only thing the Nets couldn’t do was take on more ’19 salary when they’ll be in line to potentially add two max players. Won’t be easy to lure the elites, but Brooklyn also has accumulated enough assets to be able to make uneven trades for salaries if need be. In the interim comes next season, with coach Kenny Atkinson needing to continue to develop diamonds in the rough like Graham, who Cleveland wanted and who will help the Nets at multiple positions. 17. CHICAGO BULLS 2017-18 RECORD: 27-55; missed playoffs ADDED: G Antonius Cleveland; C Wendell Carter Jr. (No. 7 pick, 2018 Draft); F Chandler Hutchison (No. 22 pick, 2018 Draft); F Jabari Parker (two years, $40 million) LOST: F Jerian Grant (traded to Magic); G Sean Kilpatrick (waived); G Julyan Stone (waived); F Noah Vonleh (signed with Knicks); G Paul Zipser (waived) RETAINED: G Antonio Blakeney; G Zach LaVine (matched four year, $78 million offers sheet from Kings) THE KEY MAN: G Kris Dunn. As the 24-year-old will be every season he’s in Chicago. The Jimmy Butler trade in 2017 yielded the pick that became Lauri Markannen, and he’s also a key piece to the Bulls’ future. But Chicago won’t ever get elevation again if Dunn doesn’t become an elite point guard in a league full of them. He showed signs last season that he could be just that, most notably a December in which Dunn averaged 14.9 points and eight assists, and the Bulls went 10-6. But a concussion in January derailed Dunn’s progress and his production fell sharply the rest of the season. THE SKINNY: Can Parker play the three, as the Bulls insist he can? There isn’t a ton of evidence suggesting so, and Parker’s hypothesis that he isn’t getting paid to play defense does not provide much comfort. But the Bulls will try him there alongside Markannen and rookie Carter Jr. in what would be a huge frontcourt. Almost $20 million annually for LaVine going forward is also a stretch, but less of one if LaVine comes all the way back from his 2017 ACL tear with a full training camp and season. Carter may be more important to the Bulls’ hoped-for resurgence than Parker and LaVine; the Duke big man has that much potential. 18. WASHINGTON WIZARDS 2017-18 RECORD: 43-39; lost in first round ADDED: C Thomas Bryant; G Troy Brown (No. 15 pick, 2018 Draft); F Jeff Green (one year, $2.5 million); C Dwight Howard (two years, $11 million); G Austin Rivers (acquired from Clippers); G Issuf Sanon (No. 44 pick, 2018 Draft) LOST: C Marcin Gortat (traded to Clippers); F Mike Scott (signed with Clippers) RETAINED: G Jodie Meeks (picked up player option); C Jason Smith (picked up player option) THE KEY MAN: Coach Scott Brooks. Entering his third season in Washington, Brooks keeps saying he wants the Wizards to defend and play fast. But he has to follow that up with action, especially when and if John Wall doesn’t provide the on-ball defense Washington needs to have any chance to unleash a still-potent fast break. Wall is 27 and, if healthy, in his prime. The team takes almost all of its cues from him; when he’s locked in, the Wizards can compete with anyone. But when he’s indifferent, so are they -- as evidenced by their horrible record against bad teams. Brooks has to demand Wall’s best, or be ready to limit his minutes. THE SKINNY: NBA protocol almost demands you hate the pickup of Howard, such is his current perceived valued among many after multiple stops the last few seasons. The guess here is that Howard won’t hijack the Wizards’ locker room, as he had been accused of while in with the Houston Rockets and Charlotte Hornets, especially. Howard’s skill set can help Washington, which fell off defensively last season. But there’s also not much sense he’ll be a significant pick-me-up in D.C., either. He can’t stretch the floor and he’s not especially potent finishing in pick and roll, either. But the Wizards should at least be deeper off the bench with Green, who played well for the Cavs last season, and Rivers, who gives Washington legit guard depth along with Tomas Satoransky. 19. SACRAMENTO KINGS 2017-18 RECORD: 27-55; missed playoffs ADDED: F Nemanja Bjelica (three years, $20.4 million); C Marvin Bagley III (No. 2 pick, 2018 Draft); G Yogi Ferrell (two years, $4.1 million); G Ben McLemore (acquired from Kings); F Deyonta Davis (acquired from Grizzlies) LOST: G Garrett Temple (traded to Grizzlies) RETAINED: G Iman Shumpert (picked up player option); C Kosta Koufos (picked up player option) THE KEY MAN: F Harry Giles. The Kings traded for the one-and-done forward on Draft night 2017 and redshirted him, feeling he needed a year to fully recover from the multiple knee surgeries he’d undergone the last three years. Those surgeries stopped his top-five Draft potential in its tracks, before and after a year at Duke. But Giles is back on the floor, having flashed his skills during NBA Summer League, as Sacramento gushed about his progress. If the 20-year-old is ready to roll come October, he could be an enormous boost. He’ll have to at least become a contributor, lest folks remind the Kings they passed on the likes of Kyle Kuzma and O.G Anunoby to trade for his rights. THE SKINNY: Bagley III has superstar potential, and he better become one, or the Doncic Stans among the Kings’ fan base will have aneurysms. The Kings were all over everyone, seemingly, this summer, dropping sheets on Zach LaVine, almost doing the same with Marcus Smart and Jabari Parker, and going after unrestricted free agent Mario Hezonja. All well and good, and getting Bjelica out from under Philly and prying Ferrell from Dallas were decent late July pickups. But it will be Bagley III who’ll be under the microscope. His skill sets are prodigious and he’s been working out feverishly all summer. And he wants to make a mark in restoring the Kings to where they were on the floor during the Webber Years. He worked out for them. He’s enthusiastic about them. That counts for something. 20. HOUSTON ROCKETS 2017-18 RECORD: 65-17; lost in Western Conference finals ADDED: G Michael Carter-Williams (one year, $1.5 million); G De'Anthony Melton (No. 46 pick, 2018 Draft); F Vincent Edwards (No. 52 pick, 2018 Draft) LOST: F Trevor Ariza (signed with Suns); Luc Mbah a Moute (signed with LA Clippers); C Chinanu Onuaku (traded to Mavs) RETAINED: C Clint Capela (five years, $90 million); G/F Gerald Green (one year, $2.3 million); G Aaron Jackson (picked up team option); G Chris Paul (four years, $159 million) THE KEY MAN: Jason Biles, Joe Rogowski, Keith Jones and Javair Gillett -- the Rockets’ athletic trainers, sports performance and rehab staff. Their only mission next season, should they decide to accept it, is to get Paul through an 82-game regular season and a two-month playoff slog without breaking or pulling anything of importance that keeps him out of key games. Of course, should any of the staff be unsuccessful, the Morey will disavow any knowledge of their employment. Good luck, men. THE SKINNY: We have not yet included Carmelo Anthony, who will be signing in Houston any minute now. When he’s officially on the roster, he’ll certainly help, and we all saw that even Houston can go through extended scoring droughts in the playoffs. Having Anthony around should alleviate that. The Rockets may have had the best signing of the summer, keeping the 24-year-old Capela locked up long-term for $18 million per -- incredible value these days, given the way salaries are skyrocketing. But that was mitigated by the losses of Ariza and Mbah a Moute, who were crucial to the switching defense Houston employed and perfected by the playoffs, which threw sand in the gears of the Warriors’ impenetrable offense and would likely have propelled the Rockets to The Finals if Paul hadn’t gotten hurt in Game 5. Ennis and Carter-Williams will help some in that regard, but they don’t have the resume of Mbah a Moute and Ariza -- which means they sometimes won’t get the benefit of the doubt from refs that the old heads do. Houston’s still the clear number two to Golden State in the West, but the gap between the Rockets and the best of the rest has closed. 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 NewsAug 8th, 2018

‘Pork’ kickbacks wired to Napoles’ US account

PUBLIC funds were laundered by businesswoman Janet Lim-Napoles’ to her United States account, the star witness in the pork barrel scam told the Sandiganbayan anti-graft court on Thursday. Benhur Luy took the stand during the trial of the graft charges filed against former senator Ramon “Bong” Revilla Jr. in connection with the priority development assistance [...] The post ‘Pork’ kickbacks wired to Napoles’ US account appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 2nd, 2018

LANDBANK, CDA sign partnership for online payment of cooperative fees

LANDBANK President and CEO Alex V. Buenaventura, CDA Officer-in-Charge Chairman Benjie S. Oliva, sign a Memorandum of Agreement for online payments of cooperative fees via LANDBANK Link.Biz Portal......»»

Category: newsSource:  philippinetimesRelated NewsJul 31st, 2018

Package 2 backed by top economists

Leading economists on Monday called for “urgent action” from Congress with regard to proposed tax reforms that would lower corporate income taxes and modernize fiscal incentives. “As Congress deliberates on the second package of the reform, we express our support for the main principle of a corporate tax system that is broad-based and relative to [...] The post Package 2 backed by top economists appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 23rd, 2018

Celine Dion on PH concert: ‘I came ready, rain or shine’

Drenched but every bit a darling diva, Celine Dion takes time to greet fans and waiting media arriving amid rains past midnight on Thursday, July 19, 2018. PHOTO FROM MJ MARFORI’S INSTAGRAM ACCOUNT GRAMMY award winner and one of the world’s best-selling artists of all time, Celine Dion, arrived in Manila just past 12 a.m. [...] The post Celine Dion on PH concert: ‘I came ready, rain or shine’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 19th, 2018

PNP plans to implement gun amnesty

IN a bid to account for an estimated over a million loose firearms in the country, the Philippine National Police is planning to implement a nationwide gun amnesty by next month, PNP chief, Director General Oscar D. Albayalde said yesterday. The amnesty will allow holders of unregistered firearms and those….....»»

Category: newsSource:  journalRelated NewsJul 10th, 2018

Trump reverses Obama-era race guidelines for admissions

WASHINGTON, D.C.: President Donald Trump’s administration took steps Tuesday to rescind Obama-era guidelines that encouraged schools to take applicants’ race and ethnicity into account to promote diversity. The move indicates federal support for schools to adopt a race-blind admissions process and brings the highly contentious issue of affirmative action once again to the fore. The [...] The post Trump reverses Obama-era race guidelines for admissions appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 4th, 2018

Moody’s exec tags risks to PH forecast

Higher inflation and interest rates pose downside risks to Philippine economic growth and Moody’s Investors Service will have to take these into account when it reviews its country projections, a senior official of the debt watcher told The Manila Times. “We have not yet updated our forecast but in the near term we are going [...] The post Moody’s exec tags risks to PH forecast appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 3rd, 2018

Govt misses five-month deficit goal

Increased spending allowed the government to post a budget deficit in May but the year-to-date target was missed on account of better-than-programmed revenues, the Bureau of the Treasury reported on Monday. The P32.9-billion shortfall — lower compared to the P33.4 billion recorded a year earlier — was a reversal from the P46.3-billion surplus in April. [...] The post Govt misses five-month deficit goal appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJun 25th, 2018