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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 (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 News49 min. ago

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

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. .....»»

Category: sportsSource:  abscbnRelated NewsAug 29th, 2018

Budget gap widens in July 2018

The national government’s fiscal deficit widened to P86.4 billion in July as the growth in public spending outpaced the increase in government revenues, the Bureau of the Treasury reported yesterday......»»

Category: financeSource:  philstarRelated NewsAug 22nd, 2018

Nicaragua sharply cuts budget because of unrest

MANAGUA, Nicaragua – Nicaragua's National Assembly on Tuesday, August 14, approved a drastic cut to the national budget because of the economic impact of months of anti-government unrest. The lawmakers adopted a 9.2% reduction of the 2018 budget, projecting $180 million less in spending to partly make up for a drop ........»»

Category: newsSource:  rapplerRelated NewsAug 15th, 2018

Drilon defends LGU shares from IRA, rejects DBM plan to declare unmanageable fiscal deficit

August 8, 2018. Senate Minority Leader Franklin M. Drilon opposed a plan of the country’s economic managers to resort to a declaration of an unmanageable public sector deficit to allow the President to reduce the internal revenue allotment (IRA) shares of local government units (LGUs) to order to address the… Source link link: Drilon defends LGU shares from IRA, rejects DBM plan to declare unmanageable fiscal deficit.....»»

Category: newsSource:  manilainformerRelated NewsAug 8th, 2018

DA s 2018 NBA Offseason Rankings: The Top 10

By David Aldridge, TNT Analyst Wonder what the rental market is like in San Luis Obispo, Calif. San Luis Obispo is, give or take a few miles, one of the closest cities that is near the midway point between Los Angeles and San Francisco. Given the events of the NBA’s offseason, it’s not hare to imagine national reporters are going to be spending a lot of time in California next season, bouncing back and forth between the Bay and L.A. Catch LeBron James and the Lakers on Wednesday and then, Stephen Curry, Kevin Durant and the Warriors on Thursday. The Western Conference only got stronger and deeper with James leaving Cleveland for a second time, this time to go to the Lakers. Add four of the top five Draft picks -- including No. 1 overall selection Deandre Ayton (Phoenix Suns), No. 2 pick Marvin Bagley III (Sacramento Kings) and international phenom Luka Doncic (No. 3 pick, acquired by Dallas Mavericks) -- going to Western Conference teams, and the talent disparity between conferences only seems greater. But did Eastern Conference teams take advantage of Cleveland deflating to make their teams better? And how effective were West teams in making their teams better prepared to at least compete with the Warriors? That’s where this year’s Offseason Rankings come in -- big, bold, definitive. You love them, if the amount of hate tweets and e-mails I get after they’re published are any indication. Every year, we rank how all 30 teams have done since the end of their respective seasons. We look at everything -- how they drafted, what trades they made, what players they signed in free agency, and for how much -- or if they didn’t participate in free agency much at all. We look at if they’ve changed coaches, executives, owners, or if they’re moving into a new building that can generate big revenues. And you have to decide which ones you liked the most. Here's what these rankings ARE NOT: A predicted order of finish for next season. It's an opinion that seeks to answer a question: is the team better now than at the end of last season? The ranking reflects the belief on whether, and how much, that is so. (I liked certain guys who were in the Draft more than others, so if your team took them, I probably weighed it more positively. Doesn't mean I'm right.) I do not expect the Suns, for example, to have a better record than the Celtics, just because they had a better summer. It is not a ranking of the teams in order from 1 through 30 right now; I do not believe the Mavericks are now a better team than Rockets. This is just one person’s opinion about offseason moves -- offseason moves only. Is your team better now than it was before? - If your team is ranked in the top 10, it doesn't mean I love your team.       - If your team is ranked in the bottom 10, it doesn't mean I hate your team. It's an opinion that seeks to answer a question: is the team better now than at the end of last season? The ranking reflects the belief on whether, and how much, that is so. (I liked certain guys who were in the Draft more than others, so if your team took them, I probably weighed it more positively. Doesn't mean I'm right.) What plays into the rankings: - This isn’t science. It’s an educated guess, weighing the impact both of the Draft and free agency, but also assessing whether teams got value in their free-agent signings. Overpaying the right player is as much a sin as signing the wrong player. A good new coach can coax some more wins out of a roster. But if a team’s players don’t believe in the system their team uses, the best Xs and Os on earth don’t matter.       - Teams that are rebuilding obviously have different priorities than teams making a championship push. That's factored in. So Chicago, for example, gets credit for adding young, affordable players as it stockpiles its talent -- but that talent has to fit together, as Wendell Carter Jr. does with Lauri Markannen. And a team like the Warriors that shows it’s willing to go deep into the luxury tax -- which most teams try to avoid -- in order to keep winning has to be commended, and its rankings reflect that commendation.       - Continuity matters here as well. The most successful teams usually not only identify a core group of players, they keep them together for a while, finding that sweet spot: everyone doesn’t get a max contract, but most get paid well enough to keep the train moving down the tracks. That reflects both good roster construction and good financial management -- and, again, is rewarded. The explosion in the cap means everyone has to spend; keeping your powder dry for another day doesn’t have as much cache as it used to. But you still have to manage your money wisely. Salary numbers, with a couple of exceptions, come from Basketball Insiders, whose Eric Pincus does the best job of anyone in the game of keeping track of all the moving financial parts, quickly and accurately -- which is why we use him at NBA TV during the Draft and free agency to tell us what the hell this all means. The Top 10 * * * 1. OKLAHOMA CITY THUNDER 2017-18 RECORD: 48-34; lost in first round ADDED: G/F Timothé Luwawu-Cabarrot (acquired from Sixers); G Hamidou Diallo (No. 45 pick, 2018 Draft); G Devon Hall (No. 53 pick, 2018 Draft); F Kevin Hervey (No. 57 pick, 2018 Draft); F Abdel Nader (acquired from Celtics); C Nerlens Noel (two years, $3.7 million); G Dennis Schröder (acquired from Hawks) LOST: F Carmelo Anthony (traded to Hawks); F Nick Collison (retired); C Dakari Johnson (traded to Magic); G Rodney Purvis (traded to Celtics) RETAINED: G Raymond Felton (one year, $2.3 million); F Paul George (four years, $136.9 million); F Jerami Grant (three years, $27.3 million) THE KEY MAN: G Andre Roberson. This is real simple: with Roberson on the court last year, OKC’s opponent offensive rating was 99.2; when he was off, it was 110.7. The Thunder was a near-elite defensive unit when Roberson played and was awful when he didn’t. His Real Defensive Plus-Minus, per ESPN.com, was 4.34, second only to Utah’s Rudy Gobert (5.06). So when Roberson ruptured his patellar tendon in late January, the Thunder’s ability to use George as a weakside defender who could freelance and use his length to create deflections and turnovers (because Roberson had the strong side absolutely locked down) went away. Any chance the Thunder has next season to compete at the highest levels in the West will depend on the 26-year-old Roberson’s recovery and return to the lineup. THE SKINNY: None of us -- none -- thought George was going to stay in OKC. And we all thought Sam Presti and the Thunder were crazy for trading for him last year, because it was just going to be a one-year rental and he was going to be off to the Lakers in 12 months, and OKC would have nothing to show for its deal. But George’s presence helped convince Russell Westbrook -- also long rumored to eventually head back to Cali -- to sign a long-term deal with the Thunder. And OKC’s acquisition of Carmelo Anthony helped convince George that the Thunder was all in on competing. And even though OKC went out in the first round of the playoffs to Utah, its year-long courtship of George and his family paid off when PG-13 spurned L.A. once and for all to stay in the 405. Anthony ultimately wasn’t a good fit, but he brought back Schroder, who will give Billy Donovan a dynamic scorer off the bench that can give Westbrook a blow and keep OKC’s offense from immolating when Westbrook is on the bench, a common malady the last two years. The Thunder has been relevant in an incredibly small market now for almost a decade. With George and Westbrook and Steven Adams and, now, Schroder, all signed up through 2021, that remarkable run will continue for some time. 2. LOS ANGELES LAKERS 2017-18 RECORD: 35-47; missed playoffs ADDED: F Michael Beasley (one year, $3.5 million); F Joel Berry II; F Issac Bonga (No. 39 pick, 2018 Draft); G Jeffrey Carroll; F LeBron James (four years, $153 million); C JaVale McGee (one year, $1.4 million); G Sviatoslav Mykhailiuk (No. 47 pick, 2018 Draft); G Rajon Rondo (one year, $9 million); G Lance Stephenson; F Mo Wagner (No. 25 pick, 2018 Draft) LOST: C Thomas Bryant (waived); G Tyler Ennis (waived); F/C Channing Frye (signed with Cavs); C Brook Lopez (signed with Bucks); F Julius Randle (signed with Pelicans); G Isaiah Thomas (signed with Nuggets) RETAINED: G Kentavious Caldwell-Pope (one year, $12 million); G Travis Wear THE KEY MAN: F Brandon Ingram. The third-year man should be the major beneficiary of James’ presence going forward. Driving lanes previously clogged with defenders should now be runway clear. Opponents who previously could close out strong on Ingram will now have their attention elsewhere. Ingram need only look at James’ last stop: per NBA.com/Stats, among players leaguewide who appeared in at least 60 games last season, three Cavaliers -- Kyle Korver, J.R. Smith and Cedi Osman -- were among the top 20 in the league in lowest frequency of having their closest defenders within two feet of them, meaning James created many wide open looks for teammates all season. Ingram vastly improved his range last season over his rookie one, shooting 39 percent on 3-pointers. But he only attempted 1.8 threes per game last season. That number will surely skyrocket in 2018. Ingram must ready to take advantage. That will make him that much more deadly as a driver. THE SKINNY: Team president Magic Johnson was tasked with landing a whale in free agency, and he and GM Rob Pelinka bagged Moby Dick in James. Their subsequent free agent moves once Paul George opted to stay in Oklahoma City were all short-term plays with an eye toward the promising 2019 free agent class, which include the likes of All-Stars Klay Thompson, Kemba Walker and DeMarcus Cousins. But that doesn’t mean Lake Show ’18 isn’t going to be the rip-roaringest circus this side of your standard Ozzy Ozbourne tour. What’s the over-under on the first time Rondo cusses out coach Luke Walton, or when we hear of a “spirited practice” that is code for “Lance ‘bowed ‘Bron in the neck and Walton sent everyone home”? The Lakers could be in The Finals or out in the first round, but what they decidedly will not be is boring. 3. DENVER NUGGETS 2017-18 RECORD: 46-36; missed playoffs ADDED: F Michael Porter Jr. (No. 14 pick, 2018 Draft); G Isaiah Thomas (one year, $2 million); F Jarred Vanderbilt (No. 41 pick, 2018 Draft); C Thomas Welsh (No. 58 pick, 2018 Draft) LOST: F Darrell Arthur (traded to Nets); F Wilson Chandler (traded to 76ers); F Kenneth Faried (traded to Nets); G Isaiah Whitehead (waived) RETAINED: G Will Barton (four years, $53 million); G/F Torrey Craig (two years, $4 million); C Nikola Jokic (five-year, $147.7 million contract extension) THE KEY MAN: G Jamal Murray. Denver ended all pretense that the full-time point guard job wasn’t his last season and his second-year numbers were very encouraging. Among regularly playing (60+ games) floor generals, per NBA.com/Stats, Murray’s .577 True Shooting Percentage ranked only behind D.J. Augustin, Kyrie Irving, Darren Collison and Kyle Lowry. No one doubts the still-just-21-year-old Murray can fill it up, and that the Nuggets don’t need a classic ball distributor to light up the Pepsi Center scoreboard. But they do need to get more credible defensively. So does he. THE SKINNY: A great offseason for the Nuggets, who did what they said they would -- keep Jokic off the market next summer -- while clearing roster spots and minutes with two trades, and simultaneously reducing their luxury tax bill for 2019. (The Chandler trade to the Sixers also created an enormous $12.8 million trade exception for Denver through August of 2019.) Jokic should anchor one of the most athletic starting quintets in the game -- along with Jamal Murray, Gary Harris, the re-signed Barton (penciled in for now as the starting three) and Paul Millsap. the Nuggets didn’t add much at the defensive end, which was their Achilles’ heel the last couple of seasons and the main reason they didn’t make the playoffs in 2017-18. Denver opted to strengthen a strength by bringing in Thomas, who’ll be in prove-it mode next season on a short deal with a coach that he knows from their Sacramento days in Mike Malone. Look for Malone to unleash Thomas on second units throughout the West. Porter Jr. was worth a flier at 14; he was the consensus likely first pick in the Draft a year ago, before his back injury took him out of all but a couple of games in his one season at Missouri. Denver can give him the entire year to rehab from two surgeries, the latest last week, and reset his clock for 2019-20. 4. GOLDEN STATE WARRIORS 2017-18 RECORD: 58-24; won NBA Finals ADDED: C DeMarcus Cousins (one year, $5.3 million); F Jacob Evans (No. 28 pick, 2018 Draft); F Jonas Jerebko (one year, $2.1 million); G Damion Lee LOST: C JaVale McGee (signed with Lakers); C Zaza Pachulia (signed with Pistons); Head of Physical Performance and Sports Medicine Chelsea Lane (went to Hawks) RETAINED: F Kevin Durant (two years, $61.5 million); F Kevon Looney THE KEY MAN: Brett Yamaguchi, Director of Game Operations/Entertainment, Oracle Arena. One doesn’t envy Yamaguchi, whose tasks will be twofold next season: create lifetime memories for the loudest and most loyal fanbase in the league, as the Warriors play their final season at Oracle Arena (aka Roaracle) -- they’re moving into the Chase Center, their tony new digs across the Bay in downtown San Francisco, come 2019-20. And, provide atmosphere and sizzle that will help coach Steve Kerr keep his veteran core from being bored out of its collective mind during the regular season while it waits for the playoffs and a chance at a three-peat. THE SKINNY: So, sure, the best team in the league adds one of the top two or three big men in the game in Cousins. But that’s the ancillary benefit of having such a dominant organization; everyone wants to figure out a way to get to the Bay. Cousins took less money to do so; now he can take his time rehabbing his torn Achilles tendon. If that means he’s not all the way back until All-Star, who cares? The Warriors will roll Kevon Looney, Jordan Bell and Jonas Jerebko out at the five in non-Death lineups until Cousins is ready. Meanwhile, Kerr has to keep his vets, but especially Andre Iguodala and Shawn Livingston, off their feet as much as possible during the regular season so they’ll be good to go from April through June. Losing Iguodala for the bulk of the 2018 Western finals was almost the Warriors’ downfall. 5. MEMPHIS GRIZZLIES 2017-18 RECORD: 22-60; missed playoffs ADDED: F Kyle Anderson (four years, $37 million); G Jevon Carter (No. 32 pick, 2018 Draft); F Omri Casspi (one year, $2.3 million); F Jaren Jackson Jr. (No. 4 pick, 2018 Draft); C Dakari Johnson (acquired from Magic); G Garrett Temple (acquired from Kings) LOST: C/F Deyonta Davis (traded to Kings); G Tyreke Evans (signed with Pacers); F Jarell Martin (traded to Magic); G Ben McLemore (traded to Kings) RETAINED: Coach J.B. Bickerstaff THE KEY MAN: G Mike Conley. It’s no secret how vital Conley is to the franchise, so a return to form is vital for the veteran point, who’ll be 31 on opening night and who missed 70 games last season with a heel injury. Next season will be the third of Conley’s five-year, $150 million deal signed in 2016; remember when so many people thought the world would end when a small market like Memphis invested so much in him? Well, Conley has already dropped to fifth in the league in salary among point guards, behind Stephen Curry Curry, Chris Paul, Russell Westbrook and Kyle Lowry. He’ll fall even further down the list next season, when John Wall’s massive extension kicks in, and Kyrie Irving and Kemba Walker each get new contracts that could leap his. THE SKINNY: Memphis couldn’t have had a worse 2017-18 if it tried, and the Grizzlies compounded their on-court implosion by not trading Evans when everyone in the league -- seemingly, except for them -- knew he was going to walk in the summer if they didn’t. But, the Grizzlies’ front office recovered in a big way, selling the 18-year-old Jackson that he would fit right in despite not working out for the Grizz before the Draft, then doubling up on “Grit And Grind 2.0” by taking Carter, college basketball’s fiercest on-ball defender, in the second. Ownership was willing to let the front office use the full mid-level exception on Anderson, who isn’t the sexiest pickup to many fans but whose defensive numbers in San Antonio were outstanding. Temple is the ultimate good vet and locker room guy who will get a chance to play for Bickerstaff after the Kings opted to go with their young guys and he was likely out of the rotation. GM Chris Wallace was adamant that the Grizzlies could rebuild again around the aging Conley and Marc Gasol and that they wouldn’t trade Gasol after the latter’s difficult relationship with former coach David Fizdale. They did, and they didn’t. 6. PHOENIX SUNS 2017-18 RECORD: 21-61; missed playoffs ADDED: Coach Igor Kokoskov; F Trevor Ariza (one year, $15 million); F Darrell Arthur (acquired from Nets); C Deandre Ayton (No. 1 pick, 2018 Draft); F Mikal Bridges (No. 10 pick, 2018 Draft); F Richaun Holmes (acquired from 76ers); G George King (No. 59 pick, 2018 Draft); G Elie Okobo (No. 31 pick, 2018 Draft) LOST: Former interim coach Jay Triano; F Jared Dudley (traded to Nets); C Alex Len (signed with Hawks); G Elfrid Payton (signed with Pelicans); G Tyler Ulis (waived); F/C Alan Williams (waived) RETAINED: G Devin Booker (contract extension) THE KEY MAN: Ayton. Let’s not bury the lead here: he was the first pick overall for a reason, because he has franchise-turning capability. The Suns don’t need singles or the occasional double any more; they need someone to put them back on the map with big, sweaty, nasty four-baggers, night after night. (cc: mixed metaphor police.) It’s been a minute since Amar’e Stoudemire was at his destructive best, and the list of impactful bigs in franchise history is thin: Connie Hawkins, Alvan Adams, Tom Chambers, Charles Barkley, Stoudemire. Ayton has a chance to be as good as any of them, and better, and he’s a potential stash of Kryptonite down the pike to the Warriors dynasty. THE SKINNY: There’s the makings of a Jazz-like reimaging of the franchise in short order. Kokoskov not only comes from Utah’s staff, but has significant coaching chops outside of Salt Lake City. He’s been coaching since he was 24, and that was 22 years ago. He’s coached both around the world and around the NBA as an assistant and development maven, and he’ll be great at bolstering the confidence of the Suns’ young guys -- including Bridges, a mature and solid rook with collegiate titles from Villianova who’ll be able to grow quietly outside the huge media shadow cast on Ayton. Kokoskov will also make things a lot easier for Devin Booker offensively. But GM Ryan McDonough was also smart enough to surround the kids with some solid vets, starting with Ariza, who will help the Suns again become acquainted with a long-honored NBA concept called “defense.” 7. DALLAS MAVERICKS 2017-18 RECORD: 24-58; missed playoffs ADDED: F Kostas Antetokounmpo (No. 60 pick, 2018 Draft); G Jalen Brunson (No. 33 pick, 2018 Draft); G Luka Doncic (No. 3 pick, 2018 Draft); C DeAndre Jordan (one year, $22 million); C Chinanu Onuaku (acquired from Rockets); F Ray Spalding (No. 56 pick, 2018 Draft); F Ding Yanyuhang; LOST: G Kyle Collinsworth (waived); G Seth Curry (signed with Blazers); G Yogi Ferrell (signed with Kings); F Doug McDermott (signed with Pacers); F Jonathan Motley (traded to Clippers); C Nerlens Noel (signed with Thunder) RETAINED: G/F Wesley Matthews (picked up player option); F Dirk Nowitzki (one year, $5 million) THE KEY MAN: CEO Cynthia Marshall. The former AT&T executive was put in charge after Sports Illustrated’s explosive story last February detailing a toxic workplace for female employees on the team’s business side, with sexual harassment rampant and no relief forthcoming from the supervisors who should have provided it. Marshall has been fast at work changing the business side culture, as separate investigations of who was responsible for allowing the previous environment to fester wind down. After their results are made public, it will be Marshall who will have to both enact their recommendations and sell the public that owner Mark Cuban’s organization has been fumigated for good. THE SKINNY: Dallas is banking that the 19-year-old Doncic is not only the real deal, but that he can come out of the gate in the NBA after starring in Europe and immediately give the Mavs a boost. There’s a large body of work suggesting Doncic will do just that, and accelerate the Mavs’ rebuild. Second-year guard Dennis Smith Jr.’s improvements should also speed up, and Jordan’s presence should start to close the sieve that has plagued Dallas’s defense the last couple of years. Losing both Curry and Ferrell will hurt the Mavs’ guard depth, though, and Brunson won’t be able to work in slowly. 8. INDIANA PACERS 2017-18 RECORD: 48-34; lost in first round ADDED: G/F Tyreke Evans (one year, $12 million); G Aaron Holiday (No. 23 pick, 2018 Draft); F Alize Johnson (No. 50 pick, 2018 Draft); F Doug McDermott; C/F Kyle O'Quinn LOST: C Al Jefferson (waived); G/F Glenn Robinson III (signed with Pistons); G Lance Stephenson (signed with Lakers) RETAINED: G Cory Joseph (picked up player option); F Thaddeus Young (picked up player option) THE KEY MAN: Kevin Pritchard, president of basketball operations. He’s been instrumental in putting this team together -- first as Larry Bird’s assistant, but on his own the last year-plus since Bird left. Now Pritchard will have to deal with not just the expectations last season’s surprising turnaround season will create with fans, but with the incessant calls and texts one receives when one has a team in which six players among the team’s core are on one-year deals and free agents next summer. It is extremely difficult for a team so constituted to stay unified and keep pulling on the rope together. Human nature is human nature, and players (and their families, and their agents) need reassurances they’re part of the organization’s future, just like any drone from Sector 7G would. It’s hard to think about sacrificing minutes and shots when almost players are judged by are their numbers. Nate McMillan, meanwhile, is only concerned, as any coach is, with the game in front of him, tonight. Pritchard’s phone will rarely have an hour off next season. THE SKINNY: What does a team that surprised so many last season need? More depth, because there aren’t going to be a lot of nights off going forward. The Pacers filled in nicely with a bunch of under-the-radar players, getting Evans after a bounce-back season in Memphis and O’Quinn after good years in New York. McBuckets is running out of stops to show he can be a key contributor in the NBA, but everything is tailor made for him to succeed here: he’ll have all the space in the world playing alongside Victor Oladipo, Bogdanovic and/or Myles Turner, depending on the lineup. Holiday was very good value at 23 in the first round. And Oladipo is on his grind. The Pacers are as big a threat as anyone to Boston’s assumed ascension in the post-LeBron East. 9. NEW YORK KNICKS 2017-18 RECORD: 29-53; missed playoffs ADDED: Coach David Fizdale; G Mario Hezonja (one year, $6.5 million); G Kevin Knox (No. 9 pick, 2018 Draft); C Mitchell Robinson (No. 36 pick, 2018 Draft); F Noah Vonleh (one year) LOST: Former coach Jeff Hornacek; F Michael Beasley (signed with Lakers); C/F Kyle O'Quinn (signed with Pacers); F Troy Williams (waived) RETAINED: G Ron Baker (picked up player option); F/C Luke Kornet; C Enes Kanter (picked up player option); THE KEY MAN: F Kristaps Porzingis. It’s unlikely Porzingis will play much, if at all, next season, as he rehabs his torn ACL suffered in February. New York will be extremely cautious with a timeline, and in Porzingis’ absence, if more losing brings more figurative ping pong balls the Knicks’ way … well, they won’t complain about that, either. None if it matters if “The Unicorn” doesn’t regain his form, though. So much of the Knicks’ 2018-19 improvement, or regression, will take place off camera. THE SKINNY: Fizdale won’t have a mandate to try and win with a veteran team in his first season in New York, as was the case in his year-plus in Memphis. So he can implement his position-less/fitness regimen with the young Knicks without looking over his shoulder. New York’s planning for 2019, when it hopes to strike in a big way in free agency, but that doesn’t mean next season won’t be important. Knox will have a lot of light on him, especially after playing well during NBA Summer League, but the Knicks truly believe Robinson will make some contributions this season with his significant physical gifts. Both must continue changing the narrative in Gotham that the team’s new braintrust is rebuilding the brand the right way -- slowly, and correctly. Hezonja was a good low-cost flier for New York who’ll give Fizdale some small ball options. Hezonja came on strong the second half of last season for the Magic, who hadn’t picked up his third-year option and were hamstrung in what they could offer him as a result. 10. SAN ANTONIO SPURS 2017-18 RECORD: 47-35; lost in first round ADDED: G Marco Belinelli (two years, $12 million); F Dante Cunningham (one year, $2.5 million); G DeMar DeRozan (acquired from Raptors); C Jakob Poeltl (acquired from Raptors); G Lonnie Walker IV (No. 18 pick, 2018 Draft); F Chimezie Metu (No. 49 pick, 2018 Draft) LOST: F Kyle Anderson (signed with Grizzlies); G Danny Green (traded to Raptors); F Kawhi Leonard (traded to Raptors); F Joffrey Lauvergne (signed with Fenerbahce); G Tony Parker (signed with Hornets); G Brandon Paul (waived) RETAINED: C/F Davis Bertans (two years, $14.5 million); G Bryn Forbes (two years, $6 million); F Rudy Gay (one year, $10 million) THE KEY MAN: Coach Gregg Popovich. There is no way to tell, nor is it really anyone’s business, how Pop will cope with the loss of his wife Erin, who died in April during the Spurs’ first-round series with Golden State. But the NBA grind is an unforgiving one, and Popovich is adding Olympic team coach duties to an already taxing schedule. He knows best how he’s doing and you can only hope he listens to himself when or if he needs time away. THE SKINNY: Backed up against it with Leonard’s still-murky insistence for a divorce, the Spurs did as well as could be expected in getting a four-time All-Star who’ll play with a huge chip on his shoulder next season. DeRozan will certainly help San Antonio extinguish the offensive droughts that came when teams loaded up on LaMarcus Aldridge defensively. LA was sensational for long stretches last season, making second team All-NBA for the second time in his career. Belinelli, rookie Walker and Poeltl should lengthen San Antonio’s bench significantly and reduce the Spurs’ dependence on nightly brilliance from 40-year-old Manu Ginobili, if he comes back for a 17th season. Longtime NBA reporter, columnist and Naismith Memorial Basketball Hall of Famer David Aldridge is an analyst for TNT. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsAug 8th, 2018

National government fiscal performance

STATE revenues and spending topped targets last semester, even as the deficit was 27% off program as revenue growth outstripped that of disbursements, the Treasury bureau reported on Monday ahead of President Rodrigo R. Duterte’s annual speech to Congress. Read the full story......»»

Category: financeSource:  bworldonlineRelated NewsJul 23rd, 2018

National government fiscal performance

THE GOVERNMENT saw its fiscal deficit dip last month from the past year, as revenue growth slightly outpaced that of spending, the Bureau of the Treasury (BTr) reported on Monday. Read the full story. The post National government fiscal performance appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 25th, 2018

Better Jobs, Manufacturing Data to Support PH’s Q2 Growth

National Economic and Development Authority (NEDA) undersecretary Rosemarie Edillon expressed confidence that the improving performance of the country’s labor force and manufacturing sector will spur forward the country’s economy in the second quarter of 2018. This is after the government released on Tuesday the labor and manufacturing data for April this year, which showed unemployment […].....»»

Category: newsSource:  metrocebuRelated NewsJun 7th, 2018

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: newsSource:  bworldonlineRelated NewsMay 16th, 2018

Budget deficit below target in Q1

The national government incurred a fiscal deficit of P162.2 billion in the first quarter, lower than the government’s program due to higher-than-expected revenue performance, the Department of Finance said yesterday......»»

Category: financeSource:  philstarRelated NewsApr 23rd, 2018

National government fiscal performance

THE government posted a wider budget surplus in January, the Bureau of the Treasury reported Friday, as revenues surged to outpace public spending on the back of tax reform. Read the full story. The post National government fiscal performance appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 25th, 2018

Carroll still believes Seahawks can be title contender

By Tim Booth, Associated Press RENTON, Wash. (AP) — Pete Carroll insisted again that he's not going anywhere. He's intent on remaining the leader of the Seattle Seahawks even if it means many of the faces he spoke to this week while closing out the 2017 season are gone by the time Carroll finally gets to coach his team again. "I'm pumped up about it. I'm excited about that challenge," Carroll said Tuesday. "I'm upset that we have to face it this early. I'd like another six weeks here, that would be nice. But that's not what this one is. We got to go after it. Nothing's going to change other than maybe our resolve." For just the second time in his eight years in Seattle, Carroll spent Tuesday explaining why the Seahawks were not in the postseason. It's the first playoff miss for Seattle since the 2011 season and with the rapid rise of division foe Los Angeles indicated — at least for one year — a significant change in the hierarchy of the NFC West. Injuries played a major role in Seattle's slide to 9-7. So, too, did inconsistency on offense, continued problems with penalties and salary cap constraints that limited adjustments the Seahawks could make during the season. It's likely to be a busy offseason as Seattle attempts to manage its tight cap situation while making key decisions about how to move forward and if it still is a championship contender needing slight tweaks or a major overhaul. "I think there is a championship team sitting in this meeting room right here," Carroll said. Here are some of the issues to know about Seattle's 2017 season and going into next year: REDISCOVER THE RUN: Perhaps nothing irritated Carroll more, or had a great impact on the efficiency of the offense, than Seattle's inability to run. It's been a staple of Carroll's program from the day he arrived in Seattle. This year the Seahawks had one rushing touchdown by a running back. Quarterback Russell Wilson was the leading rusher with 586 yards, 346 more than any other player. Seattle had hopes for promising rookie Chris Carson, but he was sidelined by an ankle injury early in the season and never made it back. The lack of a running game affected Wilson as a passer as well, as defenses didn't have to commit an extra safety to stopping the run, leading to smaller throwing windows and some tentative decisions by Wilson. "There are tremendous examples of teams around the league that have turned their fortunes around with a formula that should sound familiar to you: teams running the football, playing good defense and doing the kicking game thing," Carroll said. INJURY CONCERNS: Carroll wouldn't get into specifics, but there is a chance Cliff Avril and Kam Chancellor have played their final games. Avril and Chancellor suffered neck injuries during the season. Carroll said on the radio Tuesday that both would have a "hard time" playing football again. A couple of hours later, he softened his stance, saying each have quality-of-life decisions to address with their football future. "Both those guys are marvelous people and competitors and all that. We'd love to see them through the rest of their career. I don't know what's going to happen there," Carroll said. LEGION OF WHOM: If Chancellor does not return, it could be the start of a major makeover for Seattle's secondary. Richard Sherman is coming off a torn Achilles tendon and was openly shopped by Seattle last offseason. Earl Thomas is entering the last year of his contract and his actions toward the end of the season indicated a desire to be elsewhere for the 2018 season. A big key will be if Seattle can re-sign versatile safety Bradley McDougald after he played both free and strong safety this season. HOME-FIELD AVERAGE: Seattle went 4-4 at home, its first .500 record at CenturyLink Field since 2011. The Seahawks have always thrived at home, but some of their uglier performances this year came in front of their own fans. OFF THE FIELD: Seattle was among the most active teams in the league with a significant number of players participating in national anthem protests. The protests, on top of the incident Michael Bennett had with police in Las Vegas in August, created a number of unexpected issues. Carroll said he believed that only once this season — Seattle's loss at Tennessee — did discussions of off-field issues affect the team's performance. Seattle had long discussions following comments by President Donald Trump about NFL players and opted to remain in the locker room as a team during the anthem before that game. "That was an extraordinarily heated time," Carroll said. "I think that was a different amount of emotional output that occurred before the game and it looked like it the way we played.".....»»

Category: sportsSource:  abscbnRelated NewsJan 3rd, 2018

Letters From Davao by Jun Ledesma

‘It was a good year’ We have seen the litany of achievements of Duterte administration. It dwarfed the entire six years of the Aquino regime. It could have done better except that it has to first fix a lot of damages wrought by an inept regime that has likewise institutionalized corruption and abetted crime the most horrific of it all – the drug syndicates.  Space or brevity must have limited some significant achievements of the  Department of Finance and am referring to the upgrades of credit ratings of the Philippines from investment grade to investment grade and stable. While early on Standard & Poor’s claimed that President Duterte’s war on drugs and alleged extra-judicial killings are factors that account for the static rating by December 2017 it grudgingly acceded that something good is happening in the Philippines under Duterte’s watch.  Finance Sec. Sonny Dominguez and his team deserves the credit. Fitch and Moody’s in their “investment grade and stable” rating in December enunciated that the issues surrounding drugs and EJK have nothing to do with the rosy economy of the country and its image as capital investment destination. The country’s economic performance for one is top in Asia and there is no turning back with the expected massive spending on infrastructures and government services starting 2018 and beyond.  The Duterte government achievements scoreboard makes the moribund opposition drooling. Still on Finance, expect the billionaires who are also the country’s tax dodgers to cough up. TRAIN or the Tax Reform for Acceleration and Inclusion gives a huge relief to 99 percent of those small taxpayers saving the ar least P50,000.00 in tax cut!  But demands and exacts the reasonable taxes from the rich especially the filthy rich. Last year sampling of Lucio Tan (P6-billion), Mighty Cigarettes (P40-billion) and the Prieto and Rufinos’ one-mile asset that they are accountable to the government in still unquantifiable amount as yet? There is a subliminal message to be absorbed why candidate Rodrigo R. Duterte refused to accept donations from the rich and famous: just pay your taxes correctly and you’re okay.  The Bureau of Internal Revenue and the Bureau of Customs are churning more collections under a continuing reforms.  President Duterte himself did dramatic and radical transformations in the area of Foreign Affairs and security. He was chided and lectured on by self proclaimed experts in diplomacy and security alliances especially with the generous expletives he is famous for. But as he admitted to the point of being apologetic, he told media men in this year’s Christmas party, “but that is me”.  Duterte’s foray into foreign affairs and diplomacy might be severely lacking in refinements but he put across his message clearly and direct and one cannot quarrel with what he achieved in such a brief moment. He virtually altered the outlook of the western countries on small sovereign nations. He overhauled alliances by an unwritten rule of mutual respect and cognizance of sovereignty. While Aquino made enemies with China which is the world’s second largest economy resulting in unquantifiable losses of opportunities Duterte reversed that with the resumption of trade, financial assistance with cheap money interest, massive infrastructure projects that will come into fruition by 2018. World leaders to include Xi Jinping of China, Vladimir Putin of Russia, PM Shinzo Abe of Japan and, to the dismay of the so-called Yellowtards, US Pres. Donald Trump who became his virtual phone pal.  The Department of Agriculture under Sec. Manny Pinol, did exemplary well. Productivity is better than expected and could have performed better if not for the natural calamities that the country has to contend with. Maybe the Bureau of Fisheries under it may try something out of the box. Propose to China to convert that disputed island into a one big marine laboratory. China provides the infrastructures while the Philippines the technical aquatic expertise. Make a 10-mile no-fishing marine haven around the island and guarded by the joint coastguard forces of China, Philippines and Vietnam. The Philippine Coconut Authority under Cabinet Sec. Jun Evasco is about to embark on a massive replanting program.  The Aquino government allocated billions of pesos to fight ‘cocolisap’ infestation but applied the wrong solution. Well, what do we expect from a certain Kiko Pangilinan? The replanting program was a big failure on account of  massive graft in high and low places. Replanting as well as new areas had been programmed by PCA.  Finally we have to give accolade to our Armed Forces of the Philippines and the Philippine National Police for combating internal threats, terrorism and syndicated crime. The AFP and PNP are more prepared and better equipped now than any other time in history. Furthermore we see a disciplined forces in the AFP and while there are a few remaining scalawags in the PNP the cleansing process is done without let-up. We from Mindanao are comfortable and secured with their presence even under the aegis of martial law. If you do not believe me look at the various surveys on the popularity and trust of Filipinos on President Duterte and his government.  This will end my perspectives for year 2017 and we look forward to 2018 the Build, Build, Build era. The beginning of the new Philippines. Mindanao and Davao City, from where I live and write, may have suffered from natural calamities but we had seen, suffered and endured worse scenarios and even man made tragedies than […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsDec 29th, 2017

Government posts P28.8-B budget surplus in Aug

MANILA, Philippines — The national government generated a fiscal surplus of P28.8 billion in August on the back of stronger tax collections during the period.....»»

Category: financeSource:  philstarRelated NewsSep 22nd, 2017

Results of August 12 Career Service exams released

This is a press release from the Civil Service Commission.   The Civil Service Commission (CSC) has disclosed that of the 181,985 examinees of the Career Service Professional and Subprofessional examinations held nationwide on August 12, 2018, a total of 22,087 or 12.14 percent passed the government test.   These figures, however, do not ........»»

Category: newsSource:  rapplerRelated NewsOct 17th, 2018

Inflation up, GDP down: Economic managers revise PH outlook

MANILA, Philippines – The country's economic managers revised the government's medium-term macroeconomic assumptions for 2018 to 2022 to reflect "developments at the national and global level." The Development Budget Coordination Committee (DBCC)  announced on Tuesday, October 16, that they took into account the more expensive oil in the ........»»

Category: newsSource:  rapplerRelated NewsOct 16th, 2018