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Reforms eyed to boost FDI inflows

FOREIGN direct investments (FDI) inflows to the Philippines dropped in 2018 even as most Southeast Asian countries saw gains that pushed the region’s overall haul for the year to an all-time high......»»

Category: financeSource:  bworldonlineRelated NewsJun 12th, 2019

Robredo: Wrong to use Marawi rehab funds for Hajj

MANILA, Philippines – Vice President Leni Robredo sided with the Commission on Audit (COA) on the issue of P5 million meant for Marawi City rehabilitation which was instead spent on the Hajj pilgrimage of some evacuees in 2018. In contrast to President Rodrigo Duterte, who had defended the spending , Robredo pointed out ........»»

Category: newsSource:  rapplerRelated NewsJun 9th, 2019

Duterte to COA: Don t seek refund of Marawi rehab money spent on Hajj

MANILA, Philippines – President Rodrigo Duterte asked the Commission on Audit (COA) not to demand that the housing council refund P5 million in Marawi City rehabilitation funds that paid for the Hajj of some evacuees in 2018. Duterte, at an Eid'l Fitr celebration in Davao City on Thursday, June 6, ........»»

Category: newsSource:  rapplerRelated NewsJun 6th, 2019

Hot money outflow hits $299 M in April

More foreign portfolio investments or speculative funds exited the Philippines for the second straight month as net outflow reached $298.8 million in April, reversing the $279.29 million net inflow recorded in the same month last year, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMay 24th, 2019

PVL: Ako ang Ate nila – Pablo on young Motolite squad

Battle-tested and well-experienced, Myla Pablo embraces her role not only as newcomer Motolite’s ace hitter, leader and franchise player but also as an older sister of a very young crew in the Premier Volleyball League Season 3 Reinforced Conference. “Ang role ko is as an Ate sa team namin kasi itong mga ‘to first time nilang mag-pro so ako ilang years na rin akong nasa pro so kailangan ako mismo ang magdadala this coming conference,” said Pablo, who will lead a squad composed of the core of Adamson University and University of the Philippines. Pablo transferred to Motolite from Pocari Sweat after last season and is expected to bring her experience and the same intensity of play in Motolite’s maiden campaign under head coach Air Padda.      The squad will pin its hopes on youthful hitters Isa Molde, Tots Carlos, setter Ayel Estranero and middle blockers Marist Layug and Aie Gannaban of UP, which won the 2018 Collegiate Conference title. Also joining the team are Eli Soyud, Thang Ponce, Bernadette Flora, Jellie Tempiatura and Fhen Emnas, who transferred from BanKo.     Known for her scoring prowess as well as superb floor defense, Pablo welcomes the chance of playing alongside younger players. “Ngayon siguro mas magaan din kasi itong mga bata siyempre kumbaga ganado pa silang maglaro. Gutom sa bola, gustong manalo,” said the two-time conference Most Valuable Player. But Pablo knows that her teammates will need her maturity come game time. “Pero ang mga bata ‘di pwedeng pabayaan mo lang sa loob ng court kailangan may magha-handle sa loob ng court,” she said. “Ako kasi nasanay na akong may kasamang beterano sa loob ng court and ngayon ako na ang Ate ng Motolite so I hope madala ko sila.” Pablo will have foreign guest players Bosnian Edina Selimovic and Cuban Gygy Silva to her guide the young Motolite squad. “Siyempre nadyan ang mga imports namin pero kaming mga locals kami yung susuporta kung ano ang dapat naming gawin,” said Pablo. Motolite will open its campaign on June 1 against BaliPure.     --- Follow this writer on Twitter, @fromtheriles.....»»

Category: sportsSource:  abscbnRelated NewsMay 21st, 2019

More Fun For Everyone : A Philippine tourism industry grown by Filipinos for Filipinos

The Philippine tourism industry has grown by leaps and bounds in the last 10 years. In 2018, the Philippines welcomed 7.1 million international visitors, compared to 2009’s 3 million foreign arrivals......»»

Category: newsSource:  philstarRelated NewsMay 18th, 2019

Market may see upward momentum this week

Investors are looking forward to a more buoyant stock market this week as foreign funds continue to favor the Philippines after a recent upgrade and with first quarter corporate results pouring in......»»

Category: financeSource:  philstarRelated NewsMay 5th, 2019

Questions surrounding the arrest of 'Bikoy' video sharer | Evening wRap

Today on Rappler: Legal questions on the arrest of ‘Bikoy’ video sharer Foreign-funded? Journalists hit back, say gov't gets funds from China Bar Exam results 2018: 22.07% passing rate DLSU joins U.P. in latest Asia university rankings Actor Peter Mayhew, Chewbacca in 'Star Wars' saga, dies at 74 Executive Producer / Writer Lilibeth Frondoso Associate Producer / Publisher Marga Deona Jaira Roxas Master Editor / Playback Emerald Hidalgo Jaene Zaplan Jaen Manegdeg Quita Chuatico – Rappler.com.....»»

Category: newsSource:  rapplerRelated NewsMay 4th, 2019

UP, UE share 2019 s king of recruiting crown

Who was our King of Recruiting in 2018? Find out here. --- Last season, the University of the Philippines, at long last, broke through in the UAAP. Behind the leadership of Paul Desiderio and key contributions from Season MVP Bright Akhuetie and Mythical selection Juan Gomez de Liano, the Fighting Maroons made their first Final Four since 1997 and first Finals in 32 years. Now, even without the iconic Desiderio, State U is nothing but confident it could build on its breakthrough. The reason? Well, because two of the brightest young stars in Kobe Paras and Ricci Rivero are now orbiting Diliman. Paras has all the physical tools to take any league by storm and now in maroon and green, he is out to continue the legacy of his father Benjie who delivered the school’s first and only championship. Meanwhile, the Euro-stepping Rivero already knows a thing or two about taking the UAAP by storm, having been chosen for the Mythical Team when he was still playing for De La Salle University in 2017. Add big man J-Boy Gob, another transferee, to that and, indeed, UP is only equipped to keep contending. On the strength of the transfers of Paras and Rivero alone, the Fighting Maroons would have been worthy of the title of 2019 King of Recruiting. Right up there with them, though, in terms of getting a big boost in the offseason is University of the East. Absent from the Final Four in the last decade, the Red Warriors will be heading into the upcoming season with a fully stocked arsenal. Now up front for them – alongside stalwart Philip Manalang, of course – will be 6-foot-9 Senegalese Adama Diakhite, three-time champion and two-time MVP in the CESAFI Rey Suerte, and college-ready Harvey Pagsanjan, the no. 7 high school player in the 2019 NBTC 24. Diakhite is a hulking presence who will prove to be a tough matchup even for the likes of reigning MVP Akhuetie and last year’s Rookie of the year Ange Kouame. Suerte, a gifted scorer from anywhere on the court, fills right into the hole left behind by scoring dynamo Alvin Pasaol while Pagsanjan can continue making all the right plays he had been doing as the longtime beacon of hope for Hope Christian High School. Also flanking them are former Ateneo de Manila University forward John Apacible, defensive stopper Neil Tolentino, Filipino-Kiwi swingman Richie Rodger, and Filipino-Australian point guard Jasper Rentoy. And with that, UP and UE will have joint custody of the crown of the 2019 King of Recruiting. They dethrone National University which claimed the crown a year ago behind a big-time recruiting class that included Ildefonso brothers Dave and Shaun, John Lloyd Clemente, and John Galinato. Just like last year, there remains no doubt that the new Fighting Maroons and Red Warriors will make their respective sides forces to reckon with come UAAP 82. Still, several squads also made it a point to be better in the offseason. In fact, the graduating players in the 2019 NBTC 24 have been spread out among eight different teams. From the 2019 NBTC 24, the annual ranking of the best high school players in the country, 14 are moving on up to the Seniors. Adamson University is the biggest winner in terms of recruits from that ranking, with three of the top 15 players now in San Marcelino. Ninth-ranked Aaron Fermin is a double-double machine in the NCAA Jrs. and is nothing but determined to realize his potential as a two-way force under multi-titled mentor Franz Pumaren. In CESAFI standout Joshua Yerro and UAAP Jrs. Mythical selection Joem Sabandal, coach Franz also has young blood to bolster the backcourt that will no longer have Koko Pingoy. The Soaring Falcons also scored four other former Baby Falcons in big man Lorenz Capulong and wings Adam and Andrey Doria and AP Manlapaz. When it comes to reaping the rewards of its high school program, though, nobody could still touch Mapua University which again got two keep its Jrs. studs in Clint Escamis and Dan Arches, both of whom made it into the top two-thirds of the 2019 NBTC 24. Escamis and Arches are offensive guards who will give much-needed firepower to a promising core comprised of fellow Mapua HS products Warren Bonifacio, Eric Jabel, Noah Lugo, and Laurenz Victoria. Also, the Cardinals are the favorites to land NCAA 94 Jrs. Finals MVP Paolo Hernandez, another Red Robin. Also bagging two prized prospects from the 2019 NBTC 24 is La Salle which is now the place where the talented tandem of Joel Cagulangan and Joshua David get to work. Cagulangan has long been a star in the making and the NCAA 94 Jrs. MVP is, without question, Taft Avenue’s point guard of the future. The even better news is that he will still have wingman David, a tried and tested glue guy, to grow with. Also set to debut for the Green Archers are Filipino-Americans Jordan Bartlett, a speedster guard; Tyrus Hill, a high-flying forward; and Kurt Lojera, a big-bodied swingman. In all, there are six graduates from the top 10 of the 2019 NBTC 24. All of them would be on different teams in the Srs. Two players from 2019 NBTC 24 are yet to commit to any school, but there is no doubt that Red Robin Hernandez and Greenie Inand Fornilos will be able additions to any collegiate team. For the second straight year, Aldin Ayo will be adding a top three recruit out of high school as incoming sophomore CJ Cansino will now join forces with another triple-doubling talent in Mark Nonoy, a rookie who plays way beyond his years. But wait, there’s more as UST also welcomes with open arms its newest foreign student-athlete in Beninese Soulemane Chabi Yo whose speed and skill will make him a problem for the other foreign student-athletes more used to being powerhouses. Sprinkle in stretch four Sherwin Concepcion as well as versatile forwards Rhenz Abando and Brent Paraiso and there’s a reason why the Growling Tigers are now very much a darkhorse contender. L-Jay Gonzales and RJ Abarrientos remain FEU’s backcourt for tomorrow, but in the meantime, the former is poised for a breakout just as the latter is poised to wrap up his K-12 schooling. Yes, Abarrientos is not yet good to go come UAAP 82, but his steady hand is still the perfect pairing for the burst of energy that is Gonzales. Make no mistake, however, the Tamaraws have gotten help in the form of 6-foot-10 Cameroonian Patrick Tchuente as well as former Baby Tams Daniel Celzo and Jack Gloria. Letran is already the biggest it has ever been up front with NCAA 94 Rookie of the Year Larry Muyang alongside Jeo Ambohot, Christian Balagasay, and Christian Fajarito. Now, the Knights have also beefed up at the wings with Allen Mina and Mark Sangalang as well as former Red Warrior and Growling Tiger Jordan Sta. Ana. LPU will have to prove it could continue contending even without NCAA 93 MVP CJ Perez, but the good news is that now backtopping Marcelino twins Jaycee and Jayvee are former San Sebastian College-Recoletos key cogs Alvin Baetiong, Jayson David, and Renzo Navarro. That’s still a pretty solid lineup in our books. Just like last year, the now two-time UAAP champions are mostly intact, only losing team captain Anton Asistio as well as reserve guard Aaron Black. That doesn’t mean, however, that there are no new faces in Ateneo. Geo Chiu, Kai Sotto’s twin tower, decided to stay in Katipunan just as fellow ex-Blue Eaglets RV Berjay and Jason Credo are now seeing minutes in head coach Tab Baldwin’s rotation. And oh, there is a possibility that double-double machine Fornilos, who placed no. 13 in the 2019 NBTC 24, is bound to be a Blue Eaglet. Perps is nothing but determined to build on the triumphant return to the NCAA of head coach Frankie Lim and to do that, they will be leaning on former San Beda University pillar Ben Adamos as well as ex-Adamson HS workhorse Jefner Egan. Count out the Altas at your own risk. JRU is just on the first phase of a grand rebuild, but there is no doubt that things are looking up for Kalentong. In John Amores, they now have an end-to-end force who is all set to make an immediate impact as a rookie. These are the new names to watch for the teams: Baste CSB National U San Beda --- Follow this writer on Twitter, @riegogogo......»»

Category: sportsSource:  abscbnRelated NewsMay 3rd, 2019

Foreign-funded? Journalists hit back, say gov t gets funds from China

MANILA, Philippines – On World Press Freedom Day, leading Philippine veteran journalists called out the Duterte administration for applying double standard on the issue of foreign funding – hitting media organizations for receiving foreign funds without acknowledging that it does the same. The government has been using grants from other nations ........»»

Category: newsSource:  rapplerRelated NewsMay 3rd, 2019

COA to La Union state university: Explain diverted funds

MANILA, Philippines – The Commission on Audit (COA) asked a state university in La Union to explain the "diversion" of funds meant for textbooks and building maintenance to a cash incentives program for officials and employees. In a 2018 audit report released on April 25, COA found that the Don ........»»

Category: newsSource:  rapplerRelated NewsApr 28th, 2019

Sept. net FDI inflow lowest in 3 months

NET foreign capital inflows to the Philippines plunged in September to a three-month low with marked declines across investment platforms, even as the year-to-date tally remained on track to hit the government’s full-year forecast, the central bank.....»»

Category: newsSource:  bworldonlineRelated NewsDec 12th, 2016

Front Page: Sept. net FDI inflow lowest in 3 months

NET foreign capital inflows to the Philippines plunged in September to a three-month low with marked declines across investment platforms, even as the year-to-date tally remained on track to hit the government's full-year forecast, the central bank report.....»»

Category: financeSource:  bworldonlineRelated NewsDec 12th, 2016

Stocks sustain slip as foreign funds unload

MANILA, Philippines – The local stock market sustained its downward trend as foreign funds continued to liquidate stocks amid uncertainties of a Donald Trump.....»»

Category: financeSource:  philstarRelated NewsNov 15th, 2016

DSWD chief Taguiwalo: Foreign aid not needed now

MANILA, Philippines — The Philippine government has sufficient funds to assist the victims of the onslaught of typhoons "Karen" and "Lawin," Department of So.....»»

Category: newsSource:  philstarRelated NewsOct 24th, 2016

Duterte’s new problem is an Arabian nightmare

After two years working in Saudi Arabia, Arman Abelarde packed his bags in September and went home to the Philippines, joining an exodus of foreign workers who have been a major source of labor in the Arab Gulf for half a century......»»

Category: newsSource:  mb.com.phRelated NewsOct 18th, 2016

Arabian nightmare to haunt Duterte

AFTER TWO YEARS working in Saudi Arabia, Arman Abelarde packed his bags in September and went home to the Philippines, joining an exodus of foreign workers who have been a major source of labor in the Arab Gulf for half a century......»»

Category: newsSource:  bworldonlineRelated NewsOct 18th, 2016

State firms boost Sept spending

MANILA, Philippines - State agencies accelerated spending to their fastest in six months in September, tapping on parked funds that bolster chances economic.....»»

Category: financeSource:  philstarRelated NewsOct 13th, 2016

Foreign funds withdraw $807m

Foreign fund managers withdrew $807 million from the local financial market in September, the biggest net outflow in 32 months, on expected interest rate hike in the US......»»

Category: financeSource:  thestandardRelated NewsOct 13th, 2016

September sees biggest &'145;hot money' net outflow in over two years

MORE foreign funds fled the country in September in the face of heightened investor concerns about developments in global financial markets and a bombing in Mindanao, the Bangko Sentral ng Pilipinas (BSP) said, marking the biggest monthly net outflow in o.....»»

Category: newsSource:  bworldonlineRelated NewsOct 13th, 2016