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More foreign funds flee Philippines in September 2018

The full-blown trade war between the US and China, the weak peso, rising inflation and the damage from Typhoon Ompong prompted foreigners to pull their investments out of the Philippines last month, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource: philstar philstarOct 12th, 2018

IN PHOTOS: Dutdutan Tattoo Festival 2018

MANILA, Philippines – The 18th Dutdutan Festival kicked off with a bang as it opened its gates to tattoo enthusiasts at the World Trade Center in Pasay City on September 21. The annual and largest tattoo expo in the country showcases homegrown artists as well as foreign inkers from Taiwan, ........»»

Category: newsSource:  rapplerRelated NewsSep 22nd, 2018

Gatchalian champions pro-consumer liberalization reforms

September 13, 2018. Senator Win Gatchalian has vowed to champion liberalization reforms to build an inclusive, efficient, and competitive business environment in the Philippines, saying that the resulting influx of foreign direct investment (FDI) will bring about “game-changing benefits” for Filipino… Source link link: Gatchalian champions pro-consumer liberalization reforms.....»»

Category: newsSource:  manilainformerRelated NewsSep 13th, 2018

PVL Finals By The Numbers: Atin ‘To

The University of the Philippines Lady Fighting Maroons made history on a rainy Wednesday evening after capturing their first major title since 1982. The Diliman-based squad survived a wild match and Finals series against a hobbled yet determined Far Eastern University squad to clinch the Premier Volleyball League season 2 Collegiate Conference championship. While the title showdown was epic in itself, the Lady Maroons’ journey to supremacy, and the numbers behind it will speak about their long, hard road to ending an extended drought. As the Diliman volleybelles celebrate their hard-earned title, let’s take a look at some interesting statistics from their championship run. 0-3 The Lady Maroons’ record against UAAP teams in the elimination round. UP was always on the brink of getting kicked off the Final Four race after failing to beat any of its fellow UAAP-based squads. All of their wins came at the expense of NCAA teams, but they were just enough to lift them to the semis, where they eventually showed what the Utak-Puso spirit is all about. 10  Number of sets played in the Finals. UP’s run to the title was nothing short of astounding. All two matches went the distance, and then some. Standing toe-to-toe against FEU, a squad that flee under the radar, all the way to the Finals of the UAAP season 80 volleyball tournament, the Lady Maroons fought tooth-and-nail to the very last point. In the series opener, UP climbed back from down two sets to steal the advantage from the George Pascua-led Lady Tamaraws. In the second game, UP came oh so close to surrendering their two-set advantage after a meltdown of epic proportions caused by FEU’s proven spirit. But the Lady Maroons somehow survived.  8-0 UP’s opening lead in the third set. FEU was in shambles after the Lady Maroons flew to a 2-0 match lead in Game 2. In the third, and what many believed was the final set, UP zoomed to a commanding 8-0 advantage, prompting fans in the arena to already start celebrating. UP fans starting to feel it 👀 #PVLonABSCBN pic.twitter.com/2k0MbNaNLk — ABS-CBN Sports (@abscbnsports) September 12, 2018 But Coach Pascua pleaded to the Lady Tams during a timeout to continue fighting. And they did, eventually erasing UP’s lead late in the set to stay alive. Rejuvenated by that enthralling comeback in Set 3, FEU claimed the fourth frame, and then took a commanding lead in the final set to make the hopes of a rubber match for all the marbles possible. 13-7 FEU’s lead in the fifth and final set. Stunned after giving up two sets, UP was at the wrong end of a historic comeback. Now facing a six-point deficit in a deciding point in the series, UP unloaded a spirited 8-0 run to once again stun FEU, and to snap a 36-year drought for UP volleyball. 6  Combined points for Finals MVP Isa Molde and team captain Ayel Estrañero in that final 8-0 burst. 🏆 Moment for the UP Lady Fighting Maroons!!! #PVLonABSCBN pic.twitter.com/91vPP5TsCG — ABS-CBN Sports (@abscbnsports) September 12, 2018 Once again, the Lady Maroons’ veterans came through. After willing the squad through the Final Four and the Finals, it was Molde who led the fightback with emphatic hits before Estrañero‘s steady serve clinched the championship. 19 Isa Molde’s scoring average in the Finals. MVP ✅ Finals MVP ✅@IsaMolde10, everyone 👏 #PVLonABSCBN pic.twitter.com/EZnfeo6jjD — ABS-CBN Sports (@abscbnsports) September 12, 2018 With everything on the line, UP’s golden girl stepped it up. After earning the MVP award after norming 15.14 points in the elimination round, Molde came through in the championship series, dropping 16 and 22 points respectively to finally deliver a long-awaited volleyball title to Diliman......»»

Category: sportsSource:  abscbnRelated NewsSep 13th, 2018

Gilas tormentors banner Korea s Mobis Phoebus in Terrific 12

There will be two Korean Basketball League teams competing in the Terrific 12 tournament next week. The first is the Seoul Samsung Thunders featuring former Phoenix Fuel Masters import Lee Gwan Hee and former La Salle star Ben Mbala. [Related: TERRIFIC 12: Thunders set to unleash former La Salle star Ben Mbala] The other is the Ulsan Hyundai Mobis Phoebus, the winningest team in the KBL with six championships. Mobis Phoebus will feature familiar names too though Filipinos have bitter memories associated with them. Former Star import Ricardo Ratliffe (Ra Gunah) returns to Mobis Phoebus, his first KBL team, to play in the Terrific 12. Of course, Ratliffe just recently won a bronze medal in the 2018 Asian Games, eliminating Gilas Pilipinas along the way. He scored 30 points in that win over the Philippines. [Related: ASIAN GAMES: The curse lives as Korea beats Gilas Pilipinas again] The other familiar name is TJ Moon, the former shooter for the Korean national team that also has some history against Gilas Pilipinas. Moon scored 38 points against Gilas in the quarterfinals of the 2014 Asian Games, leading South Korea to a sensational 97-95 victory over the Philippines. That win essentially eliminated Gilas who later finished with a disappointing 7th place while Moon and the rest of the Koreans ended up taking the gold medal. 2 time KBL Top Foreign Player Awardee, Ra Gunah, looks to help bring the Ulsan Hyundai Mobis Phoebus bring their championship pedigree at The Terrific 12 tournament. Are you #GameReady? #AsiaLeague #TheTerrific12 pic.twitter.com/46zjLu3UQf — The Asia League (@TheAsiaLeague) September 9, 2018 Moon and Ratliffe will be reinforced by American imports Shannon Shorter and D.J. Johnson in the Terrific 12. Mobis Phoebus will start its campaign in Macau on Sept. 19 againts China's Guangzhou Long Lions.   --- Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsSep 12th, 2018

PFF President Nonong Araneta reveals exciting times ahead for Philippine football

Mariano “Nonong” Araneta is pumped up for Philippine football, and it's easy to see why. The Philippine Football Federation president has divulged exciting details of the federation's plans to develop the national training center in the San Lazaro Leisure Park in Carmona, Cavite. Plus the Azkals are also getting ready for a busy few months ahead. Araneta is keen on ramping up the federation's partnership with the Manila Jockey Club in SLLP, where the FIFA Artificial Turf Pitch is situated. Already a training ground for youth national teams and club sides, Araneta says that lighting towers will soon be installed that will permit nighttime play. “We are just waiting for AFC because the lights will be bidded out,” Explains Araneta. “Hopefully they will be installed by the end of the year.” The lights will feature an intensity of 900 lux, more than the accepted 800 lux minimum for televised matches. The lights will complement the hundreds of new seats that have already been put in place around the pitch. But that is only the tip of the iceberg when it comes to what the PFF has planned for Carmona. “We have spoken to Manila Jockey Club about transferring our headquarters there,” says Araneta. “We are ready to start the bidding and construction.” The PFF is planning to purchase a 3000 sqm parcel of land within the San Lazaro Leisure Park and build a complex with dormitories, classrooms for coaching and referee courses, and a gym. “The funds are ready, initially we will be getting US$1.5 Million from FIFA,” says Araneta, who says the federation will be selling their current building in Pasig to help fund the move. But Araneta says that another option is available, to buy a different 2000 sqm plot of land beside the artificial pitch that is separate from the 3000 sqm parcel. There a grandstand could be constructed, transforming the pitch into a stadium. The headquarters could then be situated under the seating while the other site houses the dorms, classrooms, and gym. More fields are also in the pipeline in the training center. Araneta says that two artificial turf mini-pitches measuring 40 by 20 meters will be made right beside the main pitch. These will also be lighted and can accommodate recreational play and festival competitions. Incredibly, there will be yet another pitch in the training center, a natural grass regulation field within the Manila Jockey Club's racetrack. “That is for our national teams so that if they are set to play on grass, they can train there,” explains Araneta. The middle of the racetrack already has a grass area where football is played. Manila Jockey Club and PFF have yet to decide if the new grass pitch will be a brand new one or if the current surface will be improved. “We want our activities to be there,” declares Araneta. “We have already had coaching seminars there. Schools can also use our facilities. The pitch is there to be used not to be seen,” he adds with a chuckle. Araneta is a former national team player himself and is also optimistic about the near future with the Azkals. The squad is facing two big tournaments in the coming months: the AFF Suzuki Cup in November and December and their maiden appearance in the AFC Asian Cup in January 2019. Araneta says the Azkals will travel to Bahrain during the September FIFA window to play a Bahraini club side, likely on Sept 7, before tangling with the Bahrain national team on September 11. There will also be a FIFA window in October, and Araneta says the Filipinos can enjoy at least one friendly at home. Araneta hopes that Rizal Memorial will still be available before it gets spruced up in preparation for the country's hosting of the 2019 SEA Games. “Our fans will get to watch our new team,” said the president with evident pride. Crunch time begins in November, with the Azkals in a five-team round-robin group with a new home-and-away format. The Philippines will host Singapore in Bacolod's Panaad Stadium on November 13 before playing either Brunei or Timor Leste away four days later. The two ASEAN minnows will square off in a two-legged qualifying series in September to to determine who makes the group stage. On November 21 the Azkals entertain Thailand in Panaad in what promises to be a mouthwatering contest, before closing their group stage against Indonesia, probably in Jakarta, on November 25. The semis will run from December 1 to 6, with the two-legged finals being held on the 11th and 15th. After a quick Christmas break the team jets off to the Middle East on December 26, where final preparations for the Asian Cup will commence in earnest. There are plans to play in Qatar against either a club team or their national side, and then perhaps a game in Kuwait before the team goes to the United Arab Emirates. The group schedule is as follows: January 7 against Korea Republic in Dubai, January 11 versus China in Abu Dhabi, then January 16 against Kyrgyzstan in Dubai. The top two will advance to the knockout round, but the Philippines can also sneak through as one of the better third-placers. But the senior national team isn't the only competition Pinoy football fans can focus on this year. The boys U15 national team were in action while the U16 girls play in an AFC competition. The U19 men also played in the AFF U19 Championship, where they beat Singapore 2-1. The senior ladies team also notched a win against the Lion City in their AFF tournament. Araneta says the very successful PFF Women's League from last year will be run again, and that the PFF also plans a youth league. Both will be partly funded by FIFA. Of course the Philippines Football League will continue, with a League and Cup phase. The realization of these plans will be one of the achievements of Araneta's presidency. Another will be his membership in the 33-person FIFA Council, which acts as a board of directors of the organization. Araneta was recently in Russia to watch the 2018 FIFA World Cup along with other council members. Araneta is one of six Asians in the FIFA Council, alongside members from China, Malaysia, Korea Republic, Bahrain, and Bangladesh. He is the first Filipino to serve in this level of leadership in FIFA. The Barotac Nuevo, Iloilo native freely explains the benefit the country can enjoy from this connection. According to Araneta “we have firsthand information on funding, and the Philippines is part of the body that will decide on what's best for football.” He says that in the next cycle of FIFA funding he might be able to acquire an additional US$ 2 million for the development of the training center. The PFF President also enjoys the inside track when it comes to acquiring development funds from the Asian Football Confederation, since he also serves as the Chairman of the AFC Finance Committee. “All budgets pass through us. We know the funding, the revenues. We know when to ask for projects. Like the lights in Carmona, that was approved by the AFC development committee,” continues Araneta. But being part of the FIFA Council is not all glitz and glamor, confesses Araneta. He mentioned a recent Council meeting in Bogota, Colombia, that necessitated an arduous 33-hour trip through Europe for a stay that lasted just two days. Sometimes deliberations in FIFA meetings can stretch for as long as six hours. Immediately after the Bogota confab he jetted off to Kuala Lumpur, Malaysia, for another meeting. “It's no joke,” says Araneta, who is 64 years old. But the former striker and defender has no complaints and reveals his motivation to keep on going at the job. “I went to the Youth Football League. I visited the Allianz National Youth Futsal Invitational. You see the kids playing there, you see kids play everywhere. The enthusiasm of the players is what keeps me going.” - RELEASE.....»»

Category: sportsSource:  abscbnRelated NewsJul 18th, 2018

Long-term foreign investments in PH surge for second straight month

Short-term funds are flowing out due to better yields overseas, but don't tell that to long-term foreign investors who continue to plough their money into the Philippines on the back of what the central bank says is "confidence" in the local economy. In a statement, the Bangko Sentral ng Pilipinas said foreign direct investments posted a net inflow of $573 million in February 2018, representing an increase of 46.4 percent from year-ago level---the second consecutive month this year that showed strong investment inflows. This was due mainly to the 56.3-percent growth in investments in debt instruments, or intercompany borrowings between foreign direct investors and their subsidiarie...Keep on reading: Long-term foreign investments in PH surge for second straight month.....»»

Category: newsSource:  inquirerRelated NewsMay 10th, 2018

DFA to open passport appointment slots for July to September

MANILA, Philippines – The Department of Foreign Affairs (DFA) announced that starting Wednesday, May 2, it is opening passport appointment slots online for July to September 2018. The passport appointment slots will be for all consular offices in the Philippines, except the DFA's Aseana office ........»»

Category: newsSource:  rapplerRelated NewsMay 1st, 2018

2018 starts with smaller ‘hot money’ net inflows

By Melissa Luz T. Lopez, Senior Reporter MORE FOREIGN FUNDS entered the Philippines in January, compared to gross inflows the preceding month and a year ago, but a bigger increase in total outflows caused net inflows to shrink in those comparative periods, according to data the central bank released on Thursday evening. Foreign portfolio investments […] The post 2018 starts with smaller ‘hot money’ net inflows appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 18th, 2018

More foreign funds pull out in Sept

MANILA, Philippines - More than $2 billion worth of foreign portfolio investments or “hot money” were pulled out from the Philippines in September amid the u.....»»

Category: financeSource:  philstarRelated NewsOct 14th, 2016

ONE Championship: Four World Titles make Team Lakay’s Christmas special this 2018

Christmas is one the biggest holidays in the Philippines. Incomparable to other countries, Christmas lights and holiday jingles start to play as early as September.   People from all walks of life gather on this special occasion and celebrate the holiday with food, drinks, and by spending time with friends and family.   Members of Team Lakay, the country's most renowned mixed martial arts group, have its own way of holding an annual celebration for the Yuletide season.   Housing four ONE World Champions such as Eduard Folayang, Kevin Belingon, Geje Eustaquio and Joshua Pacio, the Baguio City-headquartered camp holds a yearly Christmas party in mid-December to cap off the year.   "We have an early celebration coming up this Saturday, 15 December. We are going to have a beach house party in San Juan, La Union," Eustaquio shared.   "The gathering will celebrate our accomplishments this 2018, and also prepare for 2019. Everybody will come that day, most notably our professional athletes.”   Their way of celebration is not like any other party as it involves honoring their native tradition with a sumptuous feast and holding insightful talks for the advancement of their athletes’ career.   "We have a program, a feast, and an open mat for whoever wants to roll. Our world champions will share their experience and tell what they went through this year," Team Lakay head coach Mark Sangiao bared.   "This kind of gathering is our way to spend quality time with each other. This is our way to inspire other athletes, tighten our bond, and learn from each other.”   Finishing their campaign with four gold-plated belts under the ONE Championship banner, Sangiao believes that 2018 is Team Lakay’s most successful year since its inception in 2003   “It’s our biggest year. We won championship titles and received many awards this year. This is the result of our hard work, dedication, and sacrifice,” the Team Lakay headmaster said.   “Like we always say, this is our passion. We love what we do. These awards and titles are just the fruit of our hard labor.”   Although Team Lakay hauled all the titles, recognition and accolades that they could possibly get in 2018, all that matters to them is seeing each individual with gleeful smiles on their faces by the year's end.   "We are grateful for every year. We are always full of joy,” Eustaquio stated. “Seeing each other happy, seeing everyone living a peaceful life is more than enough.”.....»»

Category: sportsSource:  abscbnRelated NewsDec 13th, 2018

ADB sees PH inflation at 10-year high

The Asian Development Bank sees inflation in the Philippines hitting a 10-year high of 5.3 percent in 2018 even as the central bank's aggressive interest rate hikes in the past months were expected to ease consumer price increases in the near term.   In its Asian Development Outlook Supplement December 2018 report released yesterday, the Manila-based multilateral lender further jacked up its inflation forecast for the Philippines from 5 percent in its report in September.   At 5.3 percent, it will be the highest annual headline inflation rate since the 8.2 percent posted in 2008, using 2012 prices as base, Philippine Statistics Authority data showed.   It...Keep on reading: ADB sees PH inflation at 10-year high.....»»

Category: newsSource:  inquirerRelated NewsDec 12th, 2018

FDI net inflows fall in September

FOREIGN direct investment (FDI) net inflows to the Philippines fell in September to their lowest level in over a year, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday, at a time of faster inflation and global trade tensions......»»

Category: financeSource:  bworldonlineRelated NewsDec 11th, 2018

Long-term foreign investments continue record rise | Inquirer Business

The long-term foreign investments in the Philippines continued to grow in the first nine months of the year, says the BSP. The post Long-term foreign investments continue record rise in Q3 2018 appear.....»»

Category: newsSource:  philippinetimesRelated NewsDec 11th, 2018

Forex reserves hit 3-month high in November 2018

The Philippines managed to beef up its foreign exchange buffer with the gross international reserve level hitting a three-month high of $75.49 billion in end-November, the Bangko Sentral ng Pilipinas reported yesterday......»»

Category: financeSource:  philstarRelated NewsDec 7th, 2018

LIST: Metro Manila bazaars for your 2018 Christmas shopping needs

MANILA, Philippines – The holiday season is upon us, and so is the crazy season of bazaars, fairs, and shopping festivals. Extra rampant during this time of year are bazaars of all sizes, themes, and items. They're here not just to showcase the best of local and foreign ........»»

Category: newsSource:  rapplerRelated NewsDec 6th, 2018

Makati to donate P22.75M to areas hit by ‘Ompong’

MANILA, Philippines --- Makati Mayor Abby Binay on Wednesday said the city government would offer P22.75 million worth of financial aid to cities and provinces devastated by Typhoon "Ompong," internationally known as Mangkhut, last September. Binay said the city council passed City Ordinance No. 2018-102 allocating the amount to support the rehabilitation programs of the areas affected by the typhoon. "We would like to help out fellow local government units with their efforts to recover from the severe damage inflicted by Ompong. We hope our donations can somehow alleviate the plight of the victims," Binay said. Under the ordinance, P8.25 million was earmarked for selected p...Keep on reading: Makati to donate P22.75M to areas hit by ‘Ompong’.....»»

Category: newsSource:  inquirerRelated NewsDec 5th, 2018

1.4 million Filipino families fell victim to common crimes in Q3 – SWS

MANILA, Philippines – Around 1.4 million families fell victim to common crimes in the third quarter of 2018, according to a Social Weather Stations (SWS) survey released on Thursday, November 29. The SWS survey held from September 15 to 23 showed that 6.1% of Filipino families (around 1.4 million families) reported ........»»

Category: newsSource:  rapplerRelated NewsDec 1st, 2018

Comment on Yields on term deposits drop amid low tenders by Philippines Morning News For September 28

[…] Yields on term deposits drop amid low tenders YIELDS on the central bank’s term deposits went down despite a continued undersubscription, with firms preferring to park their excess funds in the month-long tenor. — BusinessWorld Online […].....»»

Category: newsSource:  bworldonlineRelated NewsNov 28th, 2018

House OKs extending life of 2018 budget for another year

MANILA, Philippines – The House of Representatives approved on 3rd and final reading a joint resolution that would extend for one year the availability of funds allocated for maintenance and other operating expenses (MOOE) and for capital outlay under the 2018 national budget .  Legislators gave their nod to ........»»

Category: newsSource:  rapplerRelated NewsNov 26th, 2018

The fourth colonization

HE came like a conquering emperor and the local factotum rolled out the red carpet to him. Thus began the fourth colonization of the Philippines. In its sordid history, Philippines was colonized by three foreign powers – Spain in 1521, the United States in 1898, and Japan in 1941. Year 2018 is another key date […] The post The fourth colonization appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsNov 24th, 2018