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National government fiscal performance (August 2018)

THE GOVERNMENT’S budget balance swung to a deficit in August from a year-ago surplus as expenditures surged faster than revenue growth, the Bureau of the Treasury (BTr) said on Monday. Read the full story. The post National government fiscal performance (August 2018) appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineSep 25th, 2018

National government fiscal performance (August 2018)

THE GOVERNMENT’S budget balance swung to a deficit in August from a year-ago surplus as expenditures surged faster than revenue growth, the Bureau of the Treasury (BTr) said on Monday. Read the full story. The post National government fiscal performance (August 2018) appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 25th, 2018

National government fiscal performance (November 2018)

THE NATIONAL GOVERNMENT’s fiscal deficit grew more than fourfold in November as expenditure growth continued to outpace revenue increase, driving the year-to-date gap closer to 2018’s full-year program, the Bureau of the Treasury reported on Thursday. Read the full story......»»

Category: newsSource:  bworldonlineRelated NewsDec 27th, 2018

National government fiscal performance (October 2018)

THE NATIONAL GOVERNMENT saw its budget deficit more than double in October as expenditure growth outpaced an increase in revenues, the Bureau of the Treasury reported on Monday......»»

Category: financeSource:  bworldonlineRelated NewsNov 26th, 2018

National government fiscal performance (September 2018)

THE GOVERNMENT’S fiscal deficit closed in on the program in the nine months to September, according to latest cash operations data from the Bureau of the Treasury (BTr) on Monday that showed state spending growth continuing to outpace an increase in revenues......»»

Category: newsSource:  bworldonlineRelated NewsOct 22nd, 2018

National government fiscal performance (July 2018)

THE GOVERNMENT’s fiscal deficit grew in July and in the first seven months, as spending increased faster than revenues, the Bureau of the Treasury (BTr) said on Wednesday. Read the full story. The post National government fiscal performance (July 2018) appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsAug 22nd, 2018

Jordan s weight reaches farther than court in NC

By Steve Aschburner, NBA.com CHARLOTTE -- Unlike Mark Cuban and James Dolan, the host of the 2019 NBA All-Star Game was voted in 14 times to participate and played in 13. Quite different from Micky Arison and Glen Taylor, the team owner whose arena and city will be the center of All-Star 2019 averaged 20.2 points in those 13 All-Star appearances, was named MVP three times and posted the first triple-double in the game’s history (1997). And not at all like Steve Ballmer and Joe Lacob, the guy most often credited with making Charlotte All-Star worthy this weekend ignited the annual Slam Dunk Contest with his takeoff from the foul line in 1988. He also regularly irritated former NBA commissioner David Stern into a series of fines for golfing when he should have been sitting through mandatory Friday media sessions. With a level of celebrity as arguably the game’s greatest player ever, morphed now into an off-radar role as owner of the Charlotte Hornets, Michael Jordan remains as famous, as popular and as successful as any or all the active All-Star participants who’ll cavort at the Spectrum Center in the city’s Uptown business district. Ain’t no other NBA owner who can say that. “You think about all these wealthy, successful owners in our league,” said Hornets president Fred Whitfield, “no one knew who any of them were, really, until they bought their team. Everybody in the world knew who Michael Jordan was before he bought his team.” Jordan’s place in the All-Star galaxy in the coming days is reflective of his unique position among those who oversee the NBA’s 29 other franchises. His impact on the team, on its fans, on their city and on the state in returning to his native North Carolina -- he grew up in coastal Wilmington before attending college in Chapel Hill -- to anchor and lend stability to the Hornets will be on full display, even if he’s hard to spot this weekend. It’s all a reminder, too, of the old movie line from a remarkably blessed character, wondering “What do you do when your real life exceeds your dreams?” Most don’t dare to imagine playing in an All-Star Game, never mind hosting one as the owner of the local team. “No,” Jordan told some Charlotte reporters Tuesday (Wednesday, PHL time), coming forward for one of his few appearances of the week. “As a kid growing up here in North Carolina, the first thing [was] playing basketball. And then things evolved from there -- from the University of North Carolina to Chicago. Obviously you know the history from that. “[The] opportunity to represent North Carolina in an All-Star Game from a different seat is truly amazing. It tells the path that I have taken. It gives me great pleasure to give that back to the community. It’s been a long-traveled road.” The celebration of the league’s brightest stars, and the ubiquitous banners and signage devoted to it will make it even harder than usual to visibly spot signs of Jordan’s ownership of the Hornets. For a typical regular season game, you might spy a flag emblazoned with his well-known “Jumpman” logo. Occasionally he’ll watch part of the game, rarely all, from seats at the end of his team’s bench, though he’s as likely to retreat to his suite atop the arena’s lower bowl. An in-game, timeout scoreboard video meant to stoke the crowd includes shots of GM Mitch Kupchak (“Architect of Champions”) and coach James Borrego (“Elite Pedigree”) but ends right about the time you expect some dramatic silhouette of His Airness to appear. It’s as if Jordan is as protective of his brand in running the Hornets as he is in maintaining its exclusivity in the marketplace. Doesn’t matter, though. His fingerprints are all over the franchise, as a basketball team, as a business enterprise and as a member of the community. On court, Jordan trusts his team Jordan’s greatest notoriety as an owner in a basketball setting may have come in December, when he was courtside for a tense game against Detroit. Guard Jeremy Lamb drained a 22-foot jumper with 0.3 seconds left, sending reserves Malik Monk and Bismack Biyombo onto the floor in celebration of what would be a 108-107 home victory. Trouble was, that sliver of time on the clock. Too many men. The Hornets were whistled for a one-shot technical foul and Jordan impulsively smacked Monk lightly, twice, on the back of the head. Any other owner does that, the player’s agent might file a grievance with the players union. Jordan does it and, thanks to his in-the-trenches, in-the-fraternity credibility, it comes across as a goof. “A tap of endearment,” Jordan called it later in a statement. “It was like a big brother and little brother tap. No negative intent. Only love!" Said Monk: “Big, big, big brother. But it was nothing. He was just playing.” The arc of Jordan’s career and his reputation as a stone-cold competitor make it OK if he wants to vent -- or swipe -- when things don’t go the Hornets’ way. Doesn’t matter that Jordan, who will turn 56 on All-Star Sunday, is old enough to be any of his players' dad. He still carries himself like an athlete, and their frame of reference remains, “That’s Mike.” “I’ve seen kids come up through camps,” said Buzz Peterson, Charlotte’s assistant general manager under Kupchak. “You could say Julius Erving, you could say Larry Johnson, Karl Malone, whatever, and the kids’ eyes are like, ‘Who?’ But you say Michael Jordan, they’re gonna know. That’s the separation there.” Peterson is among Jordan’s closest friends -- he beat him out as North Carolina’s prep player of the year in 1981, won an NCAA title with him as a Tar Heels teammate and is described by those who know both as someone who can disagree with the boss while staying comfortably in the inner circle. For Borrego, Charlotte’s first-year coach, interviewing to run Jordan’s team could have been intimidating. “We’re all human beings -- there’s a presence that comes with ‘Michael Jordan’ when he’s around,” Borrego told NBA.com in January. “But it’s healthy. He comes with a competitive spirit that you feel. “Michael was straight with me from Day 1. When I interviewed, he said, ‘I’m going to give you space to do your job. Whatever you need, you come to me. I’ll give you the resources you need.’ He has not tried to interfere one time. I feel his full support. … We’re starting to speak each other’s language, which is pretty healthy for us now.” Jordan keeps the coach apprised of his interactions with players, Borrego said. Other coaches should have such a resource at the ready. Hornets guard and 2019 All-Star starter Kemba Walker probably has benefited most from Jordan’s counsel. They text frequently, a pinch-me arrangement to this day for Walker. “I grew up wearing Jordans, grew up wanting to be like Jordan,” Walker said recently. “So for me to get this opportunity to be on his team means the world to me. He’s the one who believed in me -- I had no idea where I was going to go on draft night and he traded up for me. I’ve always heard the story, he was the one who actually drafted me. So it’s unbelievable. “He’s such a good dude. He understands what it is to be good. His delivery is always good. Only in a positive way, honestly.” Said rookie wing Miles Bridges: “You think there’ll be a lot of pressure having MJ as an owner. I’d seen how he got on his teammates when he played. So I was nervous, thinking if I had a bad game, he’d go at me like, ‘What’re you doing?’ But after meeting him and bonding with him, I feel like he’s the coolest owner out there. I don’t feel any pressure, I feel like he wants the best for us.” Big man Frank Kaminsky typically sits at the end of the bench, which puts him cheek to cheek with Jordan when he’s courtside. “He’s talking about what he’s seeing out on the court. Talking to the refs,” Kaminsky said. “Things other players don’t necessarily see. He still thinks the game. “You see things on the court that he sees. One game, the roll, pocket-pass, skip to the corner was open. He was saying that. We made an adjustment in a timeout, but he saw it a couple plays before that. At the end of that game, we had a big play that was a roll, pocket-pass, into the corner that put the game away. It worked the way he’d seen it.” The Hornets’ struggles during Jordan’s tenure as owner wouldn’t suggest it -- the last time this organization won a playoff series (2002), Jordan still was a player -- but there is a prestige to playing for his team. It’s not unlike being welcomed onto the list of elite athletes who endorse Jordan Brand. “I’m one of the lucky ones who’s in both,” Kaminsky said. “You’re talking about the most iconic player in sports history -- I might be biased because I grew up in Chicago -- but when you have his approval, it means a lot. You have it in the back of your mind that he wants you here.” Head smack or no head smack. Jordan grows as owner, businessman Basketball is a zero-sum game and the NBA is full of stars, even if none shines quite as brightly as Jordan. But business has room for negotiation and compromise, and deals get struck daily that leave both sides happy. There, Jordan has been beyond clutch. Funnel down everything he’s accomplished -- six NBA championships, the league’s highest career scoring average (30.1), five MVP awards, six Finals MVP, 10 scoring titles, nine All-Defensive team nods -- and it invariably ends with clammy hands. The “wow” factor is real and the Hornets are extremely careful about leveraging it. “It gives our organization a certain cachet,” said Whitfield, another longtime friend who goes back more than 35 years with Jordan. “For him to be majority owner, for him to do it in his home state as a local hometown hero, and to be able to come back and not just lead the team and the rebranding from the Bobcats to the Hornets, but his commitment to the community in giving back, it’s something that’s so special.” That’s a lot to unpack. When Jordan initially signed on with the Hornets, he did so as head of its basketball operations in 2006, purchasing a small minority stake in the team. The team was bad, the business was worse and trending down. “Back in ’08-09, the economy was in the tank and I was mandated to ‘displace’ 42 of our executives here on the business side,” Whitfield said. “When Michael bought the team, we were losing $30 million a year.’ Brought back into the league in 2004 two years after the original Hornets (1988-2002) were moved to New Orleans by reviled owner George Shinn, the Charlotte expansion team was owned -- and nicknamed -- by Bob Johnson, a co-founder of the BET television network. The Bobcats excelled only at losing and were 122 games under .500 in their first five seasons. The front office was understaffed, Spectrum Center (then known as Time Warner Cable Arena) needed renovations almost from its inception and there was a real sense that, if a buyer with deep pockets and a commitment to the area weren’t found, the franchise could be moved. In March 2010, Jordan ponied up the cash to become majority owner. But it says something that the deal stands as one of the few, if ever, instances of an NBA franchise being sold at a discount. Johnson paid $300 million for the team; Jordan purchased it for $275 million. Forbes.com recently had Charlotte worth $1.25 billion -- which ranks 28th. And Jordan reportedly has one of the biggest stakes of all NBA owners, with his share estimated at upwards of 90 percent, possibly as high as 98 percent. That’s a lot of success in nine years, despite the basketball team’s mostly middling performance. “With MJ being with the team, you got instant credibility in the marketplace,” said Pete Guelli, the chief operating officer who started on the job about 10 months before Jordan took ownership. “There had been a lot of uncertainty previously, but with his brand and his resources and his commitment, that just dissipated immediately. It was much, much easier to walk in the door and tell people about our vision for this franchise.” Rebranding the team as “Hornets” gave the franchise an existential boost -- it suddenly had a history again, complete with records, archives and true alumni. The arena got a makeover and, per Guelli, is credited for events there that generate an alleged $1 billion in revenues for local businesses. “Fortunately, we’ve been profitable pretty much since [Jordan took over],” Whitfield said. “That’s huge, especially since we haven’t gotten where we want to be on the basketball side.” Closing a new kind of game now It’s hard to overstate Jordan’s added value, not so much as some corporate or financial whiz but as a presence who brought instant motivation and energy to the staff. He imported executives with whom he had developed relationships at Nike or in other ventures and, after taking early criticism for an uncertain level of involvement, has been more diligent in recent years. “I love seeing him sitting at the end of the bench encouraging his players when he attends a game” said Charles F. Bowman, Bank of America’s market president for Charlotte and North Carolina. “And as a business person what impresses me is that he has empowered his management team to focus not only on the court but also on building bridges with the community. “He had a vision for where he was taking the team and a clear plan to get there. He has hired good people, gives them latitude to make decisions and he expects them to perform. Michael is unique -- the best player ever who is determined to keep getting better year over year as an owner.” The NBA has gotten a taste of Jordan’s growth and transition at some pivotal times. This is the legendary voice of the players who, during rancorous negotiations in the 1998 lockout, countered Washington owner Abe Pollin’s gripes about losing money by telling Pollin to sell his team. By the lockout of 2011, Jordan had moved to the other side of the table. But several members of the National Basketball Players Association’s executive committee saw him not as an opponent or turncoat but as a role model: someone who had transformed himself from employee to employer at the game’s highest level. “The players understood, he had been in their shoes,” Whitfield said. “He’s not forgetting what it meant to be a player. He was in the process of learning what it meant to be an owner.” When the current collective bargaining agreement was negotiated with commissioner Adam Silver and union director Michele Roberts leading the talks, Jordan was an active, powerful voice. He is an influential member of the NBA’s labor relations and competition committees. One Charlotte insider spoke to Jordan’s clout with his fellow owners in getting this weekend’s showcase -- jeopardized by a political squabble in 2017 -- back onto the league’s short list. “There’s no All-Star Game here in Charlotte if it’s not for MJ,” the person said. Last summer in Las Vegas, Silver lauded Jordan for his ability to straddle the basketball and business worlds. “He brings unique credibility to the table when we're having discussions [with the players],” he said, “and even just among the owners, he's able to represent a player point of view… Michael can say, 'Well, look, this is how I looked at it when I was a player, and these are the kind of issues we need to address if we're going to convince players that something is in everyone's interest.’ ” Jordan’s powers of persuasion apparently have been even more impressive in Charlotte and North Carolina. The executives are careful about relying on him too often -- Jordan’s most precious commodity, now that his net worth is estimated to be upwards of $1.7 billion -- is his time. But when they need Mariano Rivera to walk in from the bullpen, he is lights out. “We’ve had corporate sponsors at a golf outing, and he’s been there, maybe stayed at one hole to tell off with everybody,” Whitfield said. Or they’ll invite certain corporate sponsors to one of a few games each season in which “Club 23” is up and running at the Spectrum Center, a private club built for such purposes. They get a chance to visit, talk with and pick Jordan’s brain on the Hornets and much more. “We’ve closed all those deals,” Whitfield said. Then there was the time a local CEO wanted to finalize a sizeable sponsorship deal with the team, and had his No. 2 invite Jordan over to their headquarters for the meetings. Whitfield told the tale: “This guy says, 'You have to come to our office. Our CEO is the man in our business.' But we’re like, 'Nah, typically, CEOs come and meet in Michael’s office or in ‘Club 23’ over here.' He said no, that wasn’t going to work for them. “So Pete Guelli said, 'Let’s make a deal: We’ll take your CEO and drop him off in Beijing. And we’ll drop off Michael in Beijing. Then we’ll see who more people gravitate to. Whoever gets the least people, he has to come to the other guy’s office.'” Point made. Point taken. Said Whitfield: “The guy says, ‘You know what, I got it. We’ll be over 10 o’clock Friday morning.’” A community he calls home The Michael Jordan who once seemed determined to float above cultural and political frays as the most prudent way to serve commerce has not held back in recent years from making his presence felt. He has been more philanthropist than activist and, let’s face it, in times of the most dire need, cash beats talk every time. Charity and investing in the community can be good for business, sure. Making that a priority after Guelli’s arrival and Jordan’s purchase helped the Hornets build bridges with fans and merchants that Shinn and the original franchise’s departure had torched. More than that, though, giving back for Jordan and his team at this point in his life was the right thing to do. And do, and do, and do. The list of charitable and civic efforts Jordan and the Hornets have undertaken is long, with few outside the region or state aware of most of it. Among the highlights: - Donating $2 million to relief efforts in the wake of Hurricane Florence, particularly meaningful because of the damage it did in Jordan’s hometown of Wilmington. - Dedicated $7 million in partnership with Novant Health to fund two Michael Jordan Family Clinics, set to open in Charlotte in 2020. - Serving as Make-A-Wish’s Chief Wish Ambassador since 2008, while donating more than $5 million to the organization. His relationship with Make-A-Wish began more than 30 years ago. - Contributing $5 million as a founding donor of the Smithsonian’s National Museum of African American History and Culture in Washington, D.C. - Addressing the issue of police shootings and community policing in 2016 by donating $1 million each to the NAACP Legal Defense Fund and the International Association of Chiefs of Police. After the hurricane in September devastated so many homes and businesses in and near Jordan’s roots, he wanted to do more than to stroke a fat check. In a meeting covered by The Associated Press, he met with Stephanie Parker and her family, including four young children, after they lost their apartment in two feet of flooding. A call from the director of the Cape Fear chapter of the Red Cross brought them together. The meeting took place at a Lowe’s home improvement store. “I look around the corner, and it’s Michael Jordan. ‘Oh my God!’" Parker said. “I look at my kids, ‘It’s Michael Jordan!’ I’m not going to lie, some tears came in my eyes, because the first thing that went through my mind was when I was younger, his last game when he was on the Chicago Bulls team, and that flashback just came right in my mind.” Afterward, Jordan was coaxed by the Charlotte Observer to talk about why that disaster resonated so deeply for him. “You gotta take care of home,” he said. “Wilmington truly is my home. Kept thinking about all those places I grew up going to … You don’t want to see any of that anywhere, but when it’s home, that’s tough to swallow.” There’s basketball, there’s business and then there’s real life, which sometimes intrudes in the most desperate ways. “We didn’t know how many people in our community were hungry,” Whitfield said. “There are people in dire need, and it’s special to have that hometown hero have in his heart that ‘This is where I can help.’ “It gives not only him as a person but our organization a platform to really speak out. That commitment is what has made him a special owner, and why he’s even more beloved in our community.” Winning title No. 7 drives Jordan now To date, Jordan’s greatest achievements have come elsewhere, at least since his baseline shot as a freshman propelled North Carolina to the 1982 NCAA championship. Those Bulls championships, the “Dream Team” magnificence, his partnership with that sneaker company in Beaverton, Ore., his Naismith Memorial Basketball Hall of Fame induction, shooting “Space Jam,” all of it -- his legacy has been crafted with others, for others, mostly far from home. (For the record, Jordan, his wife Yvette and their two daughters own a mansion outside Charlotte and an estate in south Florida). “Look, this has always been home for him,” Whitfield said. “Even though he was drafted by Chicago, WGN became a very popular station. And he just continued to elevate, so people in this state were proud to say, even though he’s a Bull, we love him. When the Bulls would come here and play at the old Coliseum, these fans who were avid Hornets fans were all pulling for Michael Jordan. “He’d score, they’d cheer loudly. The Hornets would score, they’d cheer loudly. North Carolina always felt like he was their native son who went off and achieved greatness.” Coming back first to head the franchise’s basketball operations and then as owner, Jordan’s role -- in light of the modest results on the court -- has been custodial. Yes, the club’s improved financial stability is important. But for this driven winner and NBA owner unlike all others, custodial isn’t going to cut it for long. “He did an interview with Cigar Aficionado magazine a while back,” Peterson said, “and the question was asked, ‘What would you like to do?’ And he said, ‘Win a seventh championship. Win as an owner.’ So for me, every day, I’m thinking, here’s a close friend and you want to make your friends happy, right? So each day I think, do the best you can to reach this goal for him.” Said Hornets wing Nicolas Batum: “I understand. He wants to win. He wants to compete since he was born.” It hasn’t been for lack of trying, although Jordan has made sure to keep fiscal responsibility high on every agenda. The team’s payroll for 2018-19 is approximately $122.3 million, which ranks near the middle of the NBA pack. “That Michael Jordan is one cheap dude,” said an impassioned cab driver on a recent airport run. “He’s only going to spend so much and the players they get shows it.” The Hornets never have spent into the league’s luxury-tax, and if Walker is retained when he hits free agency this summer, he’ll likely become the first Charlotte player to sign a full maximum-salary contract (though the five-year, $120 million deal Batum landed in 2016 came awfully close). Injuries and dubious moves have taken a toll, a situation that Kupchak, Borrego and their staffs have been tasked with fixing. Jordan, by all accounts, is engaged yet patient, with a playoff berth and potentially a record above .500 within reach. “I’m sure he feels like,” Whitfield said, “if he were still 30 years old and could lace ‘em up and get out there, he’d help us get over the hump. I think he would cherish it as much or more than the first six. Because I think he realizes how hard it is to get it done. “But it doesn’t bother us if the fans see his frustration sitting next to our bench. It’s important to us that they see he’s not only invested, he’s vested in what our team is trying to do. They can relate to him because they’re feeling that same frustration.” Jordan is theirs again and that’s what matters. For basketball, for business, for community and in time, just maybe, in championship. Steve Aschburner has written about the NBA since 1980. 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 NewsFeb 16th, 2019

Duterte tops Pulse Asia trust ratings survey

PRESIDENT Rodrigo R. Duterte remains the most trusted among the four top national officials, according to Pulse Asia’s December 2018 Nationwide Survey on the performance and trust ratings of key government officials......»»

Category: financeSource:  bworldonlineRelated NewsJan 11th, 2019

Andaya justifies review of draft spending bill

The worsening budget deficit of the government should prompt lawmakers to recognize that the proposed P3.8-trillion national budget for 2019 is "out of touch with reality," House Majority Leader Rolando Andaya Jr. said on Monday. At the same time, the Camarines Sur representative said Congress should "reexamine" the draft spending bill, which was still pending in the Senate after Andaya and other House members questioned "insertions" in the expenditure program submitted by Budget Secretary Benjamin Diokno. Economic pinch "We are walking on a tightrope and we need a really good balancing act ... The numbers for 2018, as far as the country's fiscal deficit is concerned, do not loo...Keep on reading: Andaya justifies review of draft spending bill.....»»

Category: newsSource:  inquirerRelated NewsJan 8th, 2019

Comment on National government fiscal performance (in billion pesos) by Romeo Javier Pajarillo

The statistics on national fiscal performance would give more insights were there comparison with targets. Thanks. butchjpajarillo.....»»

Category: financeSource:  bworldonlineRelated NewsJan 3rd, 2019

4 LGUs in NCR get perfect score in anti-drug prog. implementation

DILG confers Valenzuela City with the 2018 National Anti-Drug Abuse Council Performance Award in recognition of its efforts in complementing the national government's anti-illegal drug camp.....»»

Category: newsSource:  philippinetimesRelated NewsDec 30th, 2018

4 LGUs in NCR get perfect score in anti-drug prog. implementation

DILG confers Valenzuela City with the 2018 National Anti-Drug Abuse Council Performance Award in recognition of its efforts in complementing the national government's anti-illegal drug camp.....»»

Category: newsSource:  manilanewsRelated NewsDec 30th, 2018

‘Build, Build, Build’ widened budget deficit by 96% to P477.2B at end-November

  The budget deficit almost doubled to P477.2 billion at end-November as the growth in government spending on public goods and services, especially infrastructure, outpaced revenue collections during the first 11 months. The latest Bureau of Treasury data released Thursday showed that the 11-month deficit ran by the national government was 96-percent wider than the P243.5 billion posted a year ago. In a statement, the Treasury noted that the fiscal deficit as of November already accounted for 91 percent of the 2018 program worth P523.7 billion, a cap equivalent to 3 percent of gross domestic product (GDP). The Duterte administration had programmed yearly budget deficit c...Keep on reading: ‘Build, Build, Build’ widened budget deficit by 96% to P477.2B at end-November.....»»

Category: newsSource:  inquirerRelated NewsDec 27th, 2018

U.S.-Philippines Partnership Help Boost Revenue for Philippine Government

Manila, December 12, 2018 — The U.S. and Philippine governments recently held a completion ceremony to celebrate the success of a five-year, Php822 million partnership that helped improve fiscal performance in the Philippines. In 2013, the U.S. government, through the U.S. Agency for International Development (USAID), launched a five-year project, Facilitating Public Investment (FPI), to […] The post U.S.-Philippines Partnership Help Boost Revenue for Philippine Government appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsDec 13th, 2018

U.S.-Philippines Partnership Help Boost Revenue for Philippine Government

Manila, December 12, 2018 — The U.S. and Philippine governments recently held a completion ceremony to celebrate the success of a five-year, Php822 million partnership that helped improve fiscal performance in the Philippines. In 2013, the U.S. government, through the U.S. Agency for International Development (USAID), launched a five-year project, Facilitating Public Investment (FPI), to […] The post U.S.-Philippines Partnership Help Boost Revenue for Philippine Government appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsDec 13th, 2018

Philippines to meet budget deficit target in 2018, says DOF

MANILA, Philippines – With quicker government spending, Finance Secretary Carlos Dominguez III said the Philippines will hit its fiscal deficit target of 3% of the gross domestic product (GDP) this year. The Philippine government has spent P2.796 trillion out of the  P3.767-trillion national budget for 2018  for the first 10 months of the year, higher ........»»

Category: newsSource:  rapplerRelated NewsNov 28th, 2018

Government confident fiscal deficit to fall within target for 2018

The Department of Budget and Management yesterday gave assurance that the national government would not breach its 2018 fiscal deficit ceiling on the back of higher revenue in the fourth quarter of the year......»»

Category: financeSource:  philstarRelated NewsNov 20th, 2018

Pernia denies manipulating August 2018 inflation data

MANILA, Philippines – National Economic and Development Authority (NEDA) Secretary Ernesto Pernia dismissed speculations that the government manipulated the latest inflation rate  and made it lower than it actually is. August inflation clocked in at 6.4% , exceeding most estimates. But rumors quickly spread ........»»

Category: newsSource:  rapplerRelated NewsSep 10th, 2018

Margielyn Didal s uphill climb to Asian Games gold

PALEMBANG - Filipina skateboarder Margielyn Arda Didal reigned supreme in the women's street competition at the 2018 Asian Games from start to finish. The 19-year-old Cebuana paced the pack after her second run and never looked back to bag the Philippines' fourth gold medal. Didal was so dominating that she posted an untouchable top score of 30.4 points for her smashing Asian Games debut. Japan’s Isa Kaya placed a distant second with 25.0 points from the combined two runs and two top tricks with 25.0 for silver while 12-year-old Nyimas Bunga of Indonesia took the bronze with a tally of 19.8 in this captivating millennial sport making its maiden appearance in the quadrennial, 45-nation sportsfest. “I am very happy I did my best. Sobra ang saya po, lalung –lalo na sa mga skateboarders natin,” said the gregarious Didal, who  lived up to her billing as the top favorite after her devil-may-care showing at the packed arena. After her resounding win, Didal revealed the hardships she had to work through just to get some practice back in Cebu. Asian Games Skateboarding Gold medal winner Didal from Cebu recounts hardship just to practice ‘hinahabol kami ng police kasi Bawal’ pic.twitter.com/tKaQbDJWWT — DYAN CASTILLEJO (@DYANCASTILLEJO) August 29, 2018 "Sa streets lang, hinahabol kami ng pulis, mga security pag may nakitang nag-skate," Didal told ABS-CBN News' Dyan Castillejo via video interview. "Minsan po pag nasa mall, pag nakahawak ka ng board, bawal ka pumasok," she continued. “Gusto ko rin na maipakita na skateboarding is a serious sport but can also be fun as well.” Didal's mother is a streetfood vendor back in Cebu, while his father is a carpenter. Both her parents were unable to accompany or even witness her historic feat. With the win however, a lot of opportunities are set to arise for the young skateboarder.  Didal will receive P6 million in incentives from the government and other groups as a reward for gold medalists in the Asiad, and she plans to use the money to finally bring her family to her next event. Margielyn’s mother is a street food vendor in Cebu , her father a carpenter. She hopes to be able to get them a passport so they can be at her next comp abroad . pic.twitter.com/QADA0LoXtQ — DYAN CASTILLEJO (@DYANCASTILLEJO) August 29, 2018 "Kukuhan ko rin sila (parents) ng passport after Asian Games kasi maraming invitations sa skate event. Para makasama sa next event ko, sa Brazil," she bared. Skateboarding made its debut in this iteration of the quadrennial meet, and will become a medal sport in the 2020 Tokyo Olympics. Didal trained in the United States for two months before competing in Indonesia, with nothing more than a dream to erase skateboarding's negative connotation in the country.  "[Para] sa skate scene sa Pinas, manibago naman yung tingin ng ibang tao sa skateboarding," an emotional Didal bared. Now a gold medalist, Didal hopes her success leads to better support for the discipline.  Margielyn spent 2 months training in the USA sponsored by MVP Sports Foundation , NB , POC . She gets emotional talking about how she hopes skateboarding would be given attention as a Sport . pic.twitter.com/ORTcIE4jPI — DYAN CASTILLEJO (@DYANCASTILLEJO) August 29, 2018 Didal leanred to skate in the streets of Cebu . She hopes there will be Public Skateparks set up around the country as so much talent among Pinoys in this Sport , says the 19 yr old . pic.twitter.com/c3T7Lt4aUK — DYAN CASTILLEJO (@DYANCASTILLEJO) August 29, 2018 Her golden achievement was the fourth mint courtesy of Pinoy female athletes after weightlifter Hidylin Diaz, golfer Yuka Saso and the PH women’s gold squad, and the first major contribution of the compact national contingent competing in 10 events here to the country’s overall medal tally.      Philippine Olympic Committee President Ricky Vargas and chairman Bambol Tolentino, who went straight from the airport to the venue,  arrived just in time to witness  the former street kid go  from strength to strength in garnering  “I am blessed to witness this great event by a young girl, a carpenter’s daughter and former street kid, who did so well.  Because of her hard work and belief in herself she is now where she is,” noted Vargas after witnessing Didal’s impressive run. “Congratulations Margie. The country is grateful for your efforts and sacrifices ,” said Philippine Sports Commission chairman Butch Ramirez in statement from Manila immediately after learning of the Cebuana’s accomplisthment. “We are arranging a hero’s welcome for  you. “Your PSC family is behind you all the way. Mabuhay ang atletang Pilipino.” Also greeting Didal immediately after her victory were deputy chef de mission Manny Cabili  and POC officials Col. Jeff Tamayo and Jonne Go. A veteran of the prestigious Street League championships in London last May – the first Southeast Asian to be invited to the event – Didal led from start to finish, setting the tone of the lopsided contest with an opening score of 6.7 points, highlighted by a difficult  ”Board Slide” on the railings after taking the higher platform.      Using a 8Five2 yellow skateboard, she displayed her own version of hang time with an “Ollie” on her second run to go comfortably ahead with 14.4 points to second-running Isa’s 13.3, and seemingly was just getting started. In the tricks section, where the two best scores out five tries count , Didal went full throttle with another “Board Slide” to net 6.0 in her initial run, took it easy with a 3.7 output in the second, before wrapping the gold up with eye-popping scores of 7.1 and 8.9 points in the third and fourth attempts. With a flair for the dramatic, her coup de grace was an acrobatic “Backside 50/50, 360-degree Flip Out” that drew oohs and ahhs from the gallery – an astonishing feat considering that it was the first time she did it in a major international competition. “This was the first time that Margielyn tried that stunt and is the highest score garnered by any skateboarder so far in the street event,”noted Skateboard Association of the Philippines Inc. president Monty Mendigoria. Didal and the rest of the skateboarding were scheduled to return to Manila on Thursday in what undoubtedly will be a hero's welcome for the country’s latest golden Asian Games sensation. .....»»

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