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Mega Manila Subway to start construction next year – NEDA

MANILA, Philippines — The board of the National Economic and Development Authority (NEDA) has approved the first phase of the Japan-funded Mega Manila Subway.....»»

Category: financeSource: philstar philstarSep 13th, 2017

Mega Manila Subway to start construction next year – NEDA

MANILA, Philippines — The board of the National Economic and Development Authority (NEDA) has approved the first phase of the Japan-funded Mega Manila Subway.....»»

Category: financeSource:  philstarRelated NewsSep 13th, 2017

PH, Japan eye early subway completion

The proposed Metro Manila Subway Project (MMSP) remains on track, the Transportation department said on Wednesday as it denied a report that the start of construction could be pushed back to December next year. “In fact, instead of the original completion date for the entire system in 2025, the DOTr (Department of Transportation) … has [...] The post PH, Japan eye early subway completion appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 8th, 2017

Tale of 2 cities: Olympics sponsors in Pyeongchang and Tokyo

em>By Youkyung Lee and Mari Yamaguchi, Associated Press /em> SEOUL, South Korea (AP) — The Winter Olympics coming to South Korea in February offer an example of the Olympian efforts often required to meet corporate sponsorship goals. Tokyo tells a different story: The coffers are already overflowing for the 2020 Summer Games. It's a tale of two cities and two Olympics — winter and summer. Pyeongchang is a little-known destination in one of South Korea's poorest provinces. It is the 'little town that could,' bidding twice unsuccessfully for the Winter Olympics before winning on its third try. A final push enabled it to reach its sponsorship target of 940 billion won ($830 million) in September, with just five months to go. Tokyo is an established global capital, and the Summer Games usually generate more excitement — and more money. Organizers have raised 300 billion yen ($2.7 billion) in sponsorship, twice any previous Olympics. International Olympic Committee Vice President John Coates describes it as a remarkable achievement. The divergent experiences of two Asian host cities illustrate the challenges that smaller bidders face, as well as South Korea's dependence on the big family-owned companies that dominate its economy. Not that Tokyo is home-free. The cost of the 2020 Games has nearly doubled from initial projections. As with most Olympics, taxpayers will have to foot a good part of the bill. ___ strong>WHERE 'CHAEBOLS' RULE /strong> Starting with the 1988 Seoul Olympics, South Korea has used mega-events such as the soccer World Cup to raise the profile of the country and its manufacturing exporters. Pyeongchang is different. The project was initiated by local politicians in an area long alienated politically and economically in South Korea's rise to prosperity. Some feared people would confuse the city's name with Pyongyang, the North Korean capital. They couldn't count on the automatic support of the huge family-run conglomerates, known as 'chaebol,' such as Samsung, Hyundai and LG. 'When such mega-events were the nation-state's key project, the chaebol were called on and were expected to become the leading participants,' said Joo Yu-min, a professor at the National University of Singapore who co-authored a book on South Korea's use of mega-events. In the end, the national government brought the conglomerates in, first in the bid process, and then for sponsorship. That underscores both the outsized role they play in the economy and their close ties with government. They owe a debt to special treatment from the government, which in turn used them to industrialize the country after the devastating 1950-53 Korean War. After Pyeongchang's bid was rejected a second time, the government called on Samsung and others to help. The president even pardoned Lee Kun-hee, the patriarch of the Samsung founding family who had been an IOC member but voluntarily suspended his membership after being indicted for tax evasion. The IOC reinstated Lee in 2010 with a reprimand and some restrictions, allowing him to lobby heavily for what became Pyeongchang's winning bid in 2011. It took three years for the organizing committee to sign its first domestic sponsor, KT Corp., the country's second-largest mobile carrier. Again, the national government asked the conglomerates for help. All the major ones signed on, after the office of then-President Park Geun-hye made a special request and multichannel pressures for financial assistance, Joo said. Elsewhere, companies may weigh sponsorship decisions based more on the marketing benefits. 'In South Korea, companies make donations out of a sense of duty that they are being part of the national event,' said Park Dong Min, the executive director overseeing membership at the Korea Chamber of Commerce and Industry. Sponsors who signed up late weren't willing to give as much, because there was less time to enjoy the marketing benefits. A bank that signed on less than a year before the Games significantly reduced its sponsorship. To top it off, a massive sports-related political corruption scandal rocked South Korea in 2016, just when Pyeongchang was making last-ditch efforts to raise sponsorship. 'Companies showed some reluctance' to sponsor the Olympics, said Eom Chanwang, director of the Pyeongchang organizing committee marketing team. 'Nevertheless, they still joined.' The scandal brought down Park, the president. Lee Jae-yong, the heir to the Samsung group, received a five-year sentence for bribery. Lee, who has appealed, had become de facto chief of the Samsung group after his father Lee Kun-hee, the IOC member pardoned in late 2009, fell ill. It was the younger Lee who signed an agreement with IOC President Thomas Bach to extend Samsung Electronics' sponsorship of the Olympics globally through 2020. Samsung declined interviews for this story. With the scandal still fresh in people's minds, major companies have held back from launching full-fledged marketing to promote the Games. 'Samsung traditionally has done consumer marketing through the Olympics, but because its chief is in jail, it cannot do as much these days,' said Kim Do-kyun, a sports professor at Kyung Hee University Graduate School of Physical Education. The Pyeongchang Games were the biggest victim of the scandal, he said. ___ strong>SUMMER OF '64 /strong> The president of Japan's biggest toilet manufacturer was seven years old when the Olympics first came to Japan. TOTO Ltd. made news in 1964 for its prefabricated toilet-and-bath units that helped speed the construction of a luxury hotel, the New Otani, in time for the Games. The company, now known for high-tech toilets that baffle some foreign visitors, is back as a sponsor of Tokyo 2020. 'I feel our company and the Olympics have been bonded by fate,' TOTO president Madoka Kitamura said at a sponsorship signing ceremony at the same hotel last year. The $2.7 billion in sponsorship for Tokyo 2020 is more than three times the original estimate. By comparison, sponsorship revenue was $848 million in Rio de Janeiro last year, and about $1.2 billion for both London 2012 and Beijing 2008. The Winter Olympics typically attract less, though Sochi, Russia, raised $1.2 billion in 2014. Analysts attribute Tokyo's success to both patriotism and a sense of nostalgia for the 1964 Summer Games. They were much more than a sports contest for Japan. They were a moment of pride, marking the country's return as an industrial power after the devastation of World War II and a seven-year U.S. occupation. 'All of Japan still recognizes the unique role that the 1964 Olympics played in Japan's stepping out onto the world stage,' said Michael Payne, a former IOC marketing director who now works as a consultant. 'Many of the CEOs of top Japanese companies would have been young kids back in '64 and are very aware of the role those Games played for the psychological recovery from the Second World War.' They grew up with the high-speed 'Shinkansen' bullet train, inaugurated in 1964; modern expressways and western-style toilets, all symbols of Japan's postwar economic growth. 'Now they have become business leaders, they want to contribute and leave something behind that can be remembered for the next 50 years,' said Masahiko Sakamaki, executive director of marketing for the Tokyo organizing committee. He said that memories of the recovery may have boosted interest in sponsorship, as Japan was still reeling from a deadly 2011 earthquake and tsunami when Tokyo won the bid in 2013. Sakamaki said the organizing committee started receiving sponsorship inquiries as soon as it was established in 2014, before the official start of sponsorship contracts in 2015. There is so much interest that the IOC is allowing Tokyo to have multiple sponsors in some categories, instead of the usual one, including in aviation, newspaper publishing, electronics and banking. TOTO officials won't say how much they are contributing, but media reports say companies in its sponsorship category give between 6 billion and 15 billion yen ($53 million to $133.5 million). Tokyo 2020 wouldn't comment on those reports. 'We believe our presence as part of an all-Japan effort toward a successful Olympics will enhance our favorable brand image,' said Mariko Shibasaki, the company's senior planner for sports communication. Thanks in part to robust sponsorship revenue, the organizing committee has increased its contribution to the cost of the games from 500 billion to 600 billion yen ($5.3 billion). The sponsorship revenue makes up half of the income in the privately-run organizing committee's operating budget. Other revenue comes from the International Olympic Committee, marketing and ticket sales. The overall cost of the Tokyo Olympics is estimated at 1.4 trillion yen (12.4 billion) with the Tokyo government shouldering 600 billion yen ($5.3 billion) and the remaining 200 billion yen (1.8 billion) paid by the national government and local governments hosting events. ___ em>Yamaguchi reported from Tokyo. Associated Press writer Stephen Wade in Rio de Janeiro contributed to this story. /em> .....»»

Category: sportsSource:  abscbnRelated NewsOct 12th, 2017

Construction of Batangas LNG hub to start next year — Cusi

MANILA, Philippines — The liquefied natural gas (LNG) hub in Batangas is expected to start construction in 2018, taking advantage of the growing gas demand i.....»»

Category: financeSource:  philstarRelated NewsSep 27th, 2017

Two China-funded bridges set to break ground

MANILA, Philippines — The government is targeting to start the construction of two China-funded bridges across the Pasig River in November this year, Departm.....»»

Category: financeSource:  philstarRelated NewsSep 12th, 2017

Neda chief: Mega Manila Subway project up for Palace OK in September - Inquirer.net

Neda chief: Mega Manila Subway project up for Palace OK in September - Inquirer.net.....»»

Category: newsSource:  googlenewsRelated NewsAug 18th, 2017

Apple pushes back release of HomePod speaker to 2018

Apple said Friday (Saturday in Manila) it was delaying until early next year the release of its HomePod speaker set to compete with Amazon's Alexa-powered devices and Google Home as a smart home and music hub. The delay means Apple will miss the key holiday shopping season in the fast-growing segment of connected speakers. "We can't wait for people to experience HomePod, Apple's breakthrough wireless speaker for the home, but we need a little more time before it's ready for our customers," Apple said in an emailed statement. "We'll start shipping in the US, UK and Australia in early 2018." Apple announced the device at its developer conference in June. Powered b...Keep on reading: Apple pushes back release of HomePod speaker to 2018.....»»

Category: newsSource:  inquirerRelated NewsNov 18th, 2017

Lorenzana: No ongoing construction in Pag-asa, but PHL to build beaching ramp next year

Defense Secretary Delfin Lorenzana on Wednesday said the Philippines will start the development of Pag-asa Island in the South China Sea in 2018.   Source link link: Lorenzana: No ongoing construction in Pag-asa, but PHL to build beaching ramp next year.....»»

Category: newsSource:  manilainformerRelated NewsNov 8th, 2017

BEST OF 5 Part 1: The LPU Pirates are knocking on the door of history

The best-ever start to the season in the 93-year history of the NCAA belongs to Lyceum of the Philippines University. Yes, that Pirate crew which has been in the league for only six years. That best-ever start, 18 wins in 18 games, has put LPU straight into the Finals. Meaning, not only have they made their first playoffs, they have also made their first championship round. In doing so, the Pirates were also granted the luxury of a three-week break while watching their challengers in Colegio de San Juan de Letran, San Sebastian College-Recoletos, Jose Rizal University, and San Beda College go at it in successive knockout bouts. And for now, their first-ever Finals is far from the minds of the Intramuros-based squad. LOVE. SERVE. CARE. After setting the league on fire through 18 games, their first agenda was to stay true to the three words on the back of their warmup shirts: “Love, Serve, Care.” “We went to White Cross which is a home for kids who were abandoned,” head coach Topex Robinson shared. “It’s a part of letting them know how blessed they are to be in this situation right now.” Last October 26, LPU visited the orphanage in San Juan to spend time with youngsters whom they want to inspire. While that isn’t necessarily the typical preparation for a big game, it does help with the mental aspect of things – specifically, reminding them that they aren’t bigger than anything. “Amongst us, we know how we handle things. They know that our job isn’t done, that we haven’t accomplished anything yet,” Robinson said. “Rather than boast and be proud, we did a lot of community service so again, it’s going back to service. We could be enjoying everything, but it’s always about helping back and giving back.” HOME IS WHERE THE HEART IS And so, two-thirds of the Pirates’ three-week break was devoted to both giving back and looking back. According to their mentor, most of the players went back home to their provinces during the Halloween break. “I gave them three days off to go back to their families. Ang reminder ko dun when they went back is to try to remember where they started and how everything has gone for them,” he shared. He then continued, “It’s always about remembering saan sila nanggaling before.” Robinson went on to say how he reminded CJ Perez of how he went from Pangasinan to San Sebastian College-Recoletos and then transferring to Ateneo de Manila University only to find his home inside the Walls of Intramuros. The same goes for Kim Cinco and Ralph Tansingco who floundered in National University and for Marcelino twins Jaycee and Jayvee who found no place in Adamson University. “It’s always about being grateful for where they are now,” the head coach said. READY. SET. GO. All of this means that mentally, LPU is more than prepared as it sees action in its first-ever Finals – which just so happens to also be its first time playing on the floor of the Araneta Coliseum. Now that has been taken care of, they turn their attention to the game itself. “We were pretty much trying to take it lightly because we had three weeks, but we will be playing Alab (Pilipinas) in a tuneup match,” Robinson said. He then continued, “It’s gonna be our first, pretty much, basketball (since October 19).” That is why, on Sunday, the Pirates took on, and closely competed with, Ray Parks Jr.-led and Jimmy Alapag-coached Alab of the Asean Basketball League. After that, they return to practice to re-ignite the flame that had them setting the league on fire for 18 games. Nobody knows exactly what will happen in Game 1 of the NCAA 93 Finals on Friday at the Araneta Coliseum. One thing is for sure, though: the LPU Pirates will cherish their first-ever Finals, their first time at the Araneta Coliseum, and their first chance to officially put their school at the top tier of teams. After all, just six seasons ago, that was all but a dream for them. LPU and whoever wins between San Beda and San Sebastian will wage war in Game 1 of the NCAA 93 Finals. All of the action will be on S+A, S+A HD, and sports.abs-cbn.com/livestream/ncaa. --- Follow this writer on Twitter, @riegogogo......»»

Category: sportsSource:  abscbnRelated NewsNov 5th, 2017

Lakers 27th pick Kyle Kuzma turns out to be a draft-day steal

MANILA, Philippines – Lonzo who? In his first-ever career start, combo forward Kyle Kuzma, the 27th pick of the Los Angeles Lakers, just dropped 21 points and 13 rebounds in a 124-112 win against the Brooklyn Nets. With this breakout performance, the 22-year-old from the University of Utah brings his career ........»»

Category: newsSource:  rapplerRelated NewsNov 4th, 2017

LIVE: Lazada’s 11.11 Online Revolution 2017 Launch

MANILA, Philippines – Flash sales, top brands, and more awesome deals than ever. Be the first to know about what’s in store for everyone at the Lazada Online Revolution 2017. This year, the biggest online sale will start on November 9, giving customers more time to choose and ........»»

Category: newsSource:  rapplerRelated NewsNov 3rd, 2017

PAL to launch 4 routes from Cebu in December

DAVAO CITY – Philippine Airlines (PAL) is capping the year with the launch of several new domestic and international routes from airports outside its main hub in Metro Manila. The flag-carrier will launch in December flights from Cebu to Siargao, Camiguin, Ozamiz and Legazpi, as well as to Bangkok, while Cebu-Beijing flights will start this […] The post PAL to launch 4 routes from Cebu in December appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 3rd, 2017

Palestinian unity bid sees promising start, but big challenges remain

GAZA CITY, Palestinian Territories: Hamas has passed the first test of a reconciliation agreement by giving up control of the Gaza Strip’s borders, but sterner challenges await in the bid to end its 10-year rift with rival Fatah. It was the first step in an Egyptian-brokered accord agreed last month, under which the Palestinian Authority [...] The post Palestinian unity bid sees promising start, but big challenges remain appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 3rd, 2017

Marawi bonds ‘a go’ – Diokno

Debt securities that will exclusively fund the rebuilding of Marawi City will be issued early next year, a Cabinet official said. “As far as the Marawi bonds is concerned, it is a go already. The plan is to start next year, early January,” Budget Secretary Benjamin Diokno told reporters on Wednesday. Last August, the Finance [...] The post Marawi bonds ‘a go’ – Diokno appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 18th, 2017

No rest for tired Gin Kings

Last season, it appeared like Brgy. Ginebra was in trouble when Meralco took a 2-1 series lead and was a couple of baskets away from a 3-1 advantage in the Finals. The Gin Kings had to claw their way to force a tie and they needed 'The Shot' to avoid a Game 7 and take the title outright in Game 6. This year, for The Rematch, the tables have turned. At least for Game 1 as its Ginebra that's off to a good start in the best-of-7 series. 'Last year, we didn't have a good start to the series,' Justin Brownlee said. 'This time we won. We just tried to set the tone,' he added following the champs' emphatic 102-87 series-opening victory on the road. While a 1-0 lead is good for morale, Brownlee knows that it doesn't mean anything if you can't build off of the momentum. With Game 2 already on deck after just a day of break and at least three hours of land travel from Quezon province back to Metro Manila, both teams, not just the Gin Kings, are in an extra challenge to stay fresh as possible. 'At this point, everybody's feeling fatigue,' Brownlee said. 'Everybody's tired. But you just have to fight it. You don't have time to be fatigued right now,' he added.   br /> --- Follow this writer on Twitter, @paullintag8 .....»»

Category: sportsSource:  abscbnRelated NewsOct 15th, 2017

Ateneo, UP stake titles as UAAP 80 swimming begins

Ateneo de Manila seeks a fourth straight men's title, while University of the Philippines eyes a back-to-back women's crown at the start of the four-day UAAP Season 80 swimming competitions today at the Rizal Memorial Swimming Pool. Behind season MVP Aldo Batungbacal, the Blue Eagles dominated last year, collecting 603 points for a fourth championship overall. De La Salle was in far second with 340 points while UP came through in third place with 194 points.     The Eagles failed to complete a championship double as their women's team yielded the throne to the Lady Maroons, who captured their 15th tiara overall.        UP came from behind to finish with 444 points, defeating Ateneo, which settled for second place with 411, and La Salle, which has 129 points in third place.       As a consolation for the Lady Eagles, Hannah Dato bagged her third straight MVP award after winning six golds. Meanwhile, University of Santo Tomas and De La Salle-Zobel stake their championship in the boys and girls divisions.  .....»»

Category: sportsSource:  abscbnRelated NewsOct 12th, 2017

UE's 49-point man Alvin Pasaol is undisputed Player of the Week

University of the East’s Alvin Pasaol almost scored 50 points over defending champions De La Salle University last Wednesday.   And he did that with a hurt ankle. Rewriting a 15-year-old UAAP record for local cagers, Pasaol is hands down the Chooks-to-Go UAAP Press Corps Player of the Week. But even with the spotlight beaming brightly over him, the 21-year-old cager said he was simply giving what his mentor and team asked of him. “Nilaro ko lang 'yung talagang best ko na hinihingi ni manong sa akin. Nag-stick lang talaga (ako) sa game plan namin. Salamat din sa mga teammates ko kasi hindi ko naman makukuha 'yung 49 points kung [hindi dahil sa kanila],” he said after registering 49 points on a 20-for-30 shooting clip in a 100-106 stand against the powerhouse Green Archers. The Davao native is the first Filipino to breach the 40 points in a game in over a decade. Jeff Napa, who is now Colegio de San Juan de Letran's head coach, once scored 43 on August 22, 2002. Pasaol, who beat Matt Nieto of Ateneo de Manila University, Jerrick Ahanmisi of Adamson University, and Ben Mbala of DLSU for the weekly plum, also furthered his legend in UE's basketball lore after besting Allan Caidic and James Yap’s personal bests of 46 and 36 points, respectively.   'Alvin is different compared to (Jun) Limpot, Allan (Caidic) [na] nahawakan ko sa amateur. Alvin is like akala mo, hindi nya alam yung play, parang hindi nakikinig pero once you start the play, he knows it,” head coach Derrick Pumaren said of his prized ward. Pasaol would then ride on the momentum of his milestone mark by scoring 32 points just last Sunday to will the UE past University Sto. Tomas, leaving the Growling Tigers the only winless team after the UAAP’s first round hostilities. The stocky forward is currently norming 22.4 points a game. He’s also averaging 5.1 rebounds, 1.4 assists, 1.1 steals and 1.1 blocks per outing. .....»»

Category: sportsSource:  abscbnRelated NewsOct 9th, 2017

Ranking the possible 2017 Governors' Cup Finals pairings

The 2017 Governors' Cup semifinals is starting to take shape, and from the looks of it, things might be over earlier than expexted. That means, the Finals will have an earlier start that usual. Before that happens though, let's take time to rank all possible Finals matchups because that's always fun. Okay, here we go.   strong>1. Ginebra vs. Meralco /strong> Two words: The Shot. A rematch from the 2016 Governors' Cup Finals is the best way to go, simply because there's unfinished business here and both teams seem to genuinely despise each other. Of course, the defending champion Gin Kings remain as the favorites here as all key members returned from last year led by import Justin Brownlee. A big factor, literally, is the return of Greg Slaughter, whose mere presence makes Ginebra the team the that the best frontline in the league. On the other hand, the Bolts have been plotting all year long for this one shot at redemption. No offense to Jimmy Alapag but Meralco now has a better guard rotation with the team trading for Mike Tolomia and Baser Amer taking the next step towards his superstardom. All the key pieces are there too and they all look better than ever. Allen Durham somehow found a way to be even more dominant and Chris Newsome is now a more consistent all-around threat. Jared Dillinger is also back in harness (he missed last year's Finals) and is steady as ever while Ranidel De Ocampo, acquired in trade for the sole purpose of getting over that playoff hump is adjusting quite nicely. If this rematch were to happen, it might be better than last year. And last year was an instant classic.   strong>2. Meralco vs. TNT /strong> Basically all the elements from the first series but add more emotion. Emotion that's not exactly hate. If this series takes place, it should be awkward at first, after all, some of the Bolts key pieces, including their head coach, came from TNT. It's barely been a month since TNT traded Ranidel De Ocampo. Jared Dillinger was drafted no. 2 overall by TNT and he won multiple championships with the team. Assistant coach Jimmy Alapag has his jersey number retired with TNT and coach Norman Black's return to the PBA after his Ateneo dynasty in the UAAP was with the then Tropang Texters. Jayson Castro, Kelly Williams, and Ryan Reyes are the only members of the old TNT dynasty that still see actual minutes for the KaTropa currently. It's like a reunion of that old team but with new stars like Amer, Newsome, RR Pogoy, and Troy Rosario ready to break out. If this series takes place, all games are guaranteed to be emotional and close. Also, it would serve as a final tiebreaker between the two MVP teams. In the 2016 Governors' Cup semis, the Bolts took a 3-1 decision over the KaTropa to make the Finals. In the 2017 Commissioner's Cup, TNT won a 2-1 quarterfinal series over Meralco to make the semis and Finals. Those previous two matchups were yes, emotional and close. Now, imagine a tiebreaker with a title on the line.   strong>3. Ginebra vs. Star /strong> Manila Clasico fans were spoiled this season, as both teams have already played each other ten times. However, Ginebra has dominated the rivalry so far, winning seven of those games. At least for this season, the Gin Kings have proven that they are indeed the better team. And if this were to happen, it might be a repeat of the 2017 Philippine Cup semifinals where Ginebra won in seven games without ever leading the series. That was a close one, but with the way the Gin Kings are built right now and the way Star is playing, a Manila Clasico Finals might not live up to expectations.   strong>4. TNT vs. Star /strong> Again, take all the elements of Manila Clasico and tone them down a little bit. Actually, tone them down a lot. As of right now, this rivalry is dead. Simple as that. Also, both teams might not even get out of the semifinals. TNT is consistently inconsistent, and Star is hurting and has no offense. Sure, both teams are more than capable of rallying and making the championship round but with all the possible Finals pairings, a matchup between the KaTropa and the Hotshots is the least enticing.   br /> --- Follow this writer on Twitter, @paullintag8 .....»»

Category: sportsSource:  abscbnRelated NewsOct 4th, 2017

Legislative action to liberalize foreign ownership to start in 2018

MANILA, Philippines — Legislative action is needed to lift foreign ownership restrictions in certain industries and this is expected to commence next year, t.....»»

Category: financeSource:  philstarRelated NewsOct 1st, 2017

Hitachi eyes Mega Manila Subway, Manila-Clark Railway projects

Hitachi eyes Mega Manila Subway, Manila-Clark Railway projects.....»»

Category: entertainmentSource:  philstarRelated NewsSep 30th, 2017