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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

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

&'145;Hot money' rebounds to net inflow in October

MORE foreign capital entered the Philippines last month, the Bangko Sentral ng Pilipinas (BSP) announced yesterday, turning around from September’s outflows and more than double the year-ago net inflow on the back of rising optimism on the economy .....»»

Category: newsSource:  bworldonlineRelated NewsNov 17th, 2016

Hot money inflow hits 17-month high

Hot money inflow hits 17-month high.....»»

Category: newsSource:  manilatimes_netRelated NewsAug 12th, 2016

FDI inflow more than doubles as of May

NET INFLOW of foreign direct investments (FDI) to the Philippines fell in May from a year ago and the preceding month, according to data the central bank released yesterday that also showed the decline did not stop such flows from more than doubling in 20.....»»

Category: newsSource:  bworldonlineRelated NewsAug 10th, 2016

Front Page: FDI inflow more than doubles as of May

NET INFLOW of foreign direct investments (FDI) to the Philippines fell in May from a year ago and the preceding month, according to data the central bank released yesterday that also showed the decline did not stop such flows from more than doubling in 20.....»»

Category: financeSource:  bworldonlineRelated NewsAug 10th, 2016

Huawei dismisses new suspension of unjust U.S. ban

BEIJING, China – Huawei on Tuesday, August 20, dismissed Washington's 3-month delay to a ban on US firms selling to the Chinese tech giant and said the decision would not change the fact it had been "treated unjustly." The US Commerce Department effectively suspended for a second time tough rules stopping the sale of ........»»

Category: newsSource:  rapplerRelated News3 min. ago

Congress determined to avert budget delay

  DETERMINED to avoid the disastrous three-month delay in the approval of the National Budget for this year, the House of Representatives Committee on Ways and Means an­nounced it will start deliberations on next year’s budget on Thursday, August 22. On that day the committee, headed by Rep. Isidro Ungab of Davao City, will open […].....»»

Category: newsSource:  tempoRelated News6 hr. 3 min. ago

PH posts $248-M BoP surplus last month

The country’s balance of payments (BoP) reverted to a surplus in July, boosting the year-to-date tally to return to the P5-billion mark. The Bangko Sentral ng Pilipinas (BSP) said on…READ.....»»

Category: newsSource:  manilatimes_netRelated News7 hr. 3 min. ago

Xi Jin Ping Could Care Less What Duterte Says

Presidential Spokesperson Salvador Panelo made sure members of the media clearly understood what he was about to tell them. According to a recent CNN article, a grinning Panelo told reporters that President Rodrigo Duterte would finally bring up the October 2015 arbitral tribunal ruling when he meets with Chinese President Xi Jin Ping later this month. "This is pursuant to what he said the first time he visited... China. He said there will be a time when I will raise this issue." With dramatic flair, Panelo continued, "the time has come" ........»»

Category: newsSource:  philnewsRelated News8 hr. 3 min. ago

Sarangani remains alert vs dengue as cases drop

GENERAL SANTOS CITY (MindaNews/19 August) – Health personnel in Sarangani province remained alert against the deadly dengue fever even as the reported cases in the area have started to decrease these past weeks. Dr. Arvin Alejandro, Provincial Health Office (PHO) chief, said there have been fewer cases of dengue infection recorded this month in the […].....»»

Category: newsSource:  mindanewsRelated News15 hr. 50 min. ago

Still no Neymar as PSG loses 2-1 at Rennes in French league

PARIS (AP) — Still missing Brazil forward Neymar, defending champion Paris Saint-Germain lost 2-1 at Rennes in the French league on Sunday. PSG, which beat Nimes 3-0 last weekend in the first round, went ahead in the 36th minute when Edison Cavani took advantage of a poor back pass by Rennes defender Damien Da Silva. M'Baye Niang leveled with a stunning effort shortly before the interval and Romain Del Castillo was left unmarked to head in what turned out to be the winner early in the second half. Neymar, who has been linked with a move to Real Madrid and Barcelona, also missed the Nimes game with PSG coach Thomas Tuchel saying the Brazilian was not fit to play. Neymar became the most expensive player in the world when he moved from Barcelona to PSG for 222 million euros (about $250 million) in 2017. But his two seasons with the French champions have been disappointing compared to the club's huge expectations. Rennes beat Montpellier 1-0 in its opening match of the season. OTHER MATCHES Saint-Etienne came from behind to draw 1-1 at home to newly promoted Brest. New signing Denis Bouanga leveled seven minutes from time, firing home the rebound after his initial shot had been blocked by Brest defender Romain Perraud. Bouanga, who was signed from Nimes last month, almost snatched the winner but the Gabon winger headed narrowly over the bar in stoppage time. Julien Faussurier had given Brest the lead on the stroke of halftime. It was a second successive draw for the visitors, who also hit the post in the first period. Strasbourg drew 0-0 at Reims......»»

Category: sportsSource:  abscbnRelated NewsAug 19th, 2019

Madison Keys, Daniil Medvedev get 1st titles in Cincy

By Joe Kay, Associated Press MASON, Ohio (AP) — Two unexpected champions embraced their first Rookwood championship trophies, concluding a week that brought more questions than clarity to the upcoming U.S. Open. Who's going to be healthy on the women's side? Will stumbles in the men's bracket at the Western & Southern Open carry over to New York? And are Madison Keys and Daniil Medvedev capable of carrying their newfound momentum into a Grand Slam event? After winning the biggest tournament title of their careers, they were already getting asked about how it might transfer to the bigger stage. Keys rallied late in both sets and beat Svetlana Kuznetsova 7-5, 7-6 (5) Sunday for her second title of the season and easily the biggest of her career. After flameouts in her last three tournaments and a tough draw for the week, she couldn't imagine the outcome. Back on the court to receive the trophy , she told the crowd: "If you told me this is where I would be a week ago, I would have laughed in your face!" Yet there she was, back in the Top 10 on a surprising upswing heading to New York. She'll move up to the No. 10 ranking after a gritty showing that was typical of her week. She broke Kuznetsova to pull even in both sets at 5-5 and then pulled them out with a steady serve. Keys hadn't made it past the second round in her last three tournaments, including Wimbledon. Now she's got a good feeling with her favorite Grand Slam event at hand. "It's definitely a great building block," Keys said. "I want to do well in New York and have a good end to the season." At 34, Kuznetsova was the oldest finalist in the Western & Southern Open's history. She beat three top-10 players in a tournament — Sloane Stephens, Karolina Pliskova and Ashleigh Barty — for the first time in her 19-year career. The 153rd-ranked player got a late start on the season as she completed a seven-month recovery from a knee injury. In her ninth tournament of the season, she got her game together and got her best result in two years. "Honestly, I didn't expect to be so good at this tournament," she said. After what happened in Cincinnati during the week, nobody knows what to expect in the women's bracket in New York. Serena Williams dropped out of Cincinnati because of back spasms that also forced her to withdraw from the final in Toronto. Naomi Osaka, the defending U.S. Open champion, withdrew from her semifinal match on Friday with discomfort in her left knee that left her worried about her condition heading to New York. There's some intrigue on the men's side, too. The bracket in Cincinnati was billed as a reunion of the Big Four — Novak Djokovic, Roger Federer, Rafael Nadal and Andy Murray back together for the first time since January. None of them made it to the final. Nadal won the Rogers Cup last Sunday and withdrew from the Western & Southern, citing fatigue. Murray played singles for the first time since hip surgery in January and lost his opening match. Seven-time champion Federer was knocked out in the quarterfinals, and Djokovic lost to Medvedev in the semifinals with the crowd cheering him on. The Russian thanked the crowd for its support after beat David Goffin 7-6 (3), 6-4 for his first Masters 1000 title Sunday. It was his third straight final, but the first time he'd won. Medvedev lost to Nadal on Montreal a week earlier, then went on to reach his sixth final of this season, most on the ATP tour. He's won twice. "To finally lift the trophy this week is an amazing feeling," Medvedev said. At age 23, he became the youngest Cincinnati champion since Murray at age 21 in 2008. "Congratulations," Goffin told him, "and I think you're ready for New York.".....»»

Category: sportsSource:  abscbnRelated NewsAug 19th, 2019

Popovich faces tough numbers game for FIBA World Cup

By Tim Reynolds, Associated Press ANAHEIM, Calif. (AP) — When Gregg Popovich was cut from the 1972 U.S. Olympic basketball roster, those making the decision took the easiest way out. They posted a note. “Clueless people,” Popovich said, 47 years later, grinning to at least try to suggest it doesn’t still bother him too much. It’ll soon be time for Popovich to walk in those same decision-making shoes, when he has to pare USA Basketball’s roster from 13 players to 12 in time for the FIBA World Cup this month. All 13 remaining hopefuls were on the team plane Saturday to Australia. So when the last cut gets made — expect it about Aug. 27, unless injuries happen — a guy will see his gold-medal hopes come to a quick end. And no, Popovich is not looking forward to this. “When you cut people from your regular NBA team, it’s difficult,” said Popovich, USA Basketball’s men’s national coach. “We’re going to have to do that. And it’s going to be even more so. I’m dreading having to do that. But it’s got to get done.” There have been more than 50 NBA players linked to this World Cup team at some point in the last year or so, most of them dropping out of consideration on their own, citing schedule demands or concerns. A few others were eliminated after injuries. Only two to this point — Miami’s Bam Adebayo and Chicago’s Thaddeus Young — were actually cut, those moves coming after the first week of training camp in Las Vegas. It would have been 14 players going to Australia, but Sacramento’s De’Aaron Fox decided Saturday (Sunday, PHL time) to leave the team. So there’s one cut left. It will be downright brutal. “It just means that guys are doing their jobs,” Milwaukee’s Khris Middleton said. “We’re making it as tough as it can be on them. I think guys have been great all camp, just being positive, bringing energy and playing as hard as they can, giving their body up for everybody else. So that’s a huge thing for everybody.” It would seem like there are a handful of locks to make the team: Kemba Walker, Donovan Mitchell, Harrison Barnes, Mason Plumlee, Myles Turner and Middleton. They were starters Friday night (Saturday, PHL time) against Spain — Plumlee started the first half, Turner the second, with the U.S. still mixing and matching. Jayson Tatum played more minutes than nearly everyone Friday (Saturday, PHL time). Joe Harris — the NBA’s best three-point shooter last season — should be on this team based on the importance of shooting from deep in the international game. Brook Lopez should make the team for the same reason since his seven-foot frame and three-point game seem made for the FIBA stage. That’s nine, or four guys left for three spots. Marcus Smart is a bit of a wild card — unable to play in either the Spain game or the intrasquad scrimmage Aug. 9 (Aug. 10, PHL time) because of a calf issue, though the fact that he’s still on the roster strongly suggests the U.S. has him in its plans. Assuming he’s healthy now, pencil him into a spot. (If he’s not healthy, that makes the decision obvious and simple.) Jaylen Brown brings toughness, and he’s played well enough to merit a uniform as well. That, if the U.S. is keeping Smart, makes it 11 players. That would mean two guys remain for one spot. Arguments for both can be made. Kyle Kuzma played very well against Spain on Friday night (Saturday, PHL time) and teammates have raved about his effort in camp. Derrick White was a select-teamer before getting called up, and plays for Popovich in San Antonio. It certainly would make sense to have someone in the team room fluent in Popovich’s hows and whys. There is no obvious solution, no easy way out of this conundrum for Popovich, USA Basketball managing director Jerry Colangelo and the rest of the U.S. coaches. “From top to bottom, everybody is hungry and wants to prove something — that we can get this job done,” Middleton said. If nothing else, Popovich won’t be sending the unlucky-to-be-cut guy a note. The easiest thing he could have done after the Spain game is tap those who didn’t make it on the shoulder, deliver a fond adieu and offer well-wishes for NBA training camp next month. Instead, he’ll bring 13 guys to the other side of the world, spend another 10 days or so squeezing every bit of effort out of them, teach them some more about basketball and wine, and then decide which one to send home. Sounds like how he wishes he was treated in 1972. Asked why he didn’t pick the final roster before Australia, Popovich was succinct. “It seemed like the right thing to do,” he said......»»

Category: sportsSource:  abscbnRelated NewsAug 18th, 2019

Barty upset in Cincy semifinals, misses top spot for US Open

By Joe Kay, Associated Press MASON, Ohio (AP) — Ashleigh Barty's chance to move back to No. 1 was only one victory away. At the end of an up-and-down week, she didn't have another comeback left. Barty lost to Svetlana Kuznetsova 6-2, 6-4 in the semifinals of the Western & Southern Open on Saturday, adding to the tournament's week of upsets and injuries. The women's bracket has a lot questions with New York just around the corner. No. 1 isn't one of them. Barty's seven-week run atop the field ended when Naomi Osaka edged ahead of her in the latest ranking. A victory Saturday would have moved Barty back ahead for the U.S. Open. Instead, she dropped the opening set for the third straight match and this time, there was no digging out. "A week that we battled through," Barty said. "I think at times I played some good stuff. At times, I played some pretty awful stuff." Which will it be for Barty at the Open? And will Osaka be in good enough shape to defend her title? Osaka dropped out of her semifinal match Friday with discomfort in her left knee that caused her worry. She still plans to play in New York, but it's unclear whether the knee will be a problem. And then there's Serena Williams, who retired in the finals at Toronto last Sunday because of back spasms. She also withdrew from Cincinnati before her first match, but stuck around to cheer sister Venus until her loss in the quarterfinals. For Barty, it was another instance of a slow start leaving her trying to dig out. This time, a resurgent Kuznetsova gave her no openings, knocking off a top-five player for the second time this week to reach her first final of the season. "Sveta was unreal today," Barty said. It's been awhile since her play has been described that way. The 153rd-ranked player is recovering from seven-month layoff because of a knee injury. Playing in her ninth event of the season, she got her game together, winning her first Premier-level semifinal since 2017 at Madrid. "Well, sometimes in life it's like this," Kuznetsova said. "It's like really small things change everything. Definitely it's different momentum I have now." She'll face Madison Keys , who beat Sofia Kenin 7-5, 6-4 with the help of 14 aces. Keys ended her streak of failing to make it past the second round of her last three tournaments, reaching the final in Cincinnati for the first time. In the men's bracket, David Goffin reached his first Masters 1000 final by beating Richard Gasquet 6-3, 6-4 . Goffin also is on an upswing after falling to No. 33 in the ATP rankings on June 10, his lowest since September 2014. "Of course, it was a tough period there," Goffin said. "I was coming back from injuries. I had some trouble with my confidence. I couldn't find my rhythm, my game. So it's great now. I'm feeling great. I'm back at my best tennis." Defending champion Novak Djokovic was scheduled for an evening match against Daniil Medvedev. The men's bracket also took several notable hits throughout the week. Originally billed as a reunion of the Big Four — Djokovic, Roger Federer, Rafael Nadal and Andy Murray together for the first time since January — it quickly lost its luster. Nadal dropped out after winning the Rogers Cup, citing fatigue. Murray played singles for the first time since hip surgery in January and lost his opening match. And Federer, the seven-time champion, failed to reach the weekend, losing in the quarterfinals......»»

Category: sportsSource:  abscbnRelated NewsAug 18th, 2019

Bale and Benzema lead Madrid to opening Spanish league win

By Tales Azzoni, Associated Press MADRID (AP) — Zinedine Zidane's revamped Real Madrid got the spark it needed from a couple of veterans to get off to a winning start in the Spanish league. In the absence of injured new signing Eden Hazard, it was Karim Benzema and Gareth Bale who contributed with goals and assists as Madrid comfortably won at Celta Vigo 3-1 on Saturday. Bale, who many thought would be gone from the squad by now, set up Benzema's opening goal, then Toni Kroos and Lucas Vázquez added to the lead in a match in which Madrid played most of the second half with 10 men following a red card to Luka Modric. After Madrid's attempts to transfer Bale failed, Zidane started the Wales forward at Balaídos Stadium. "He is going to stay," said Zidane, who last month was outspoken about Bale's transfer being good for everyone. "We have reason to feel positive about all the players that we have in the squad right now." It was Madrid's first away win since Zidane returned as coach late last season. The team is trying to rebound from one of its worst campaigns in decades, when it was out of title contention several weeks before the end of last season. "It was important to get off to a good start," Zidane said. "It was great to get the three points in a difficult away match like this. We leave with a good feeling." Benzema opened the scoring from close range after Bale's perfectly timed low cross in front of the goal in the 12th minute. Modric was sent off early in the second half after video review showed he fouled an opponent from behind. Real Madrid goalkeeper Thibaut Courtois made a spectacular reflex save off a close-range header on the ensuing free kick, and moments later Kroos added to Madrid's lead with a superb long-range shot into the top corner. Substitute Vázquez sealed the victory after a pass by Benzema following a nifty spin move by the French striker outside the area. Without Hazard, who picked up a muscle injury in a training session on Friday, Zidane began the season with a 4-3-3 formation; Sergio Ramos and Raphael Varane were flanked by Marcelo and Odriozola in the defense, Casemiro guarded Kroos and Modric in midfield, and Vinícius Jr. joined Benzema and Bale in the attack. Playmaker James Rodríguez, who also was expected to leave in the offseason after his loan to Bayern Munich ended, was on the bench. On Friday, two-time defending champion Barcelona lost at Athletic Bilbao 1-0 for its first opening defeat in a decade. VALENCIA'S LATE SETBACK Valencia was held by Real Sociedad to a heartbreaking 1-1 draw at home after conceding an equalizer in stoppage time shortly after missing a penalty kick that would have increased its lead. Forward Kevin Gameiro had a chance to seal the victory five minutes into injury time but sent his shot from the spot over the crossbar. Mikel Oyazarbal evened the match by converting his own shot from the spot after a player on the Valencia wall touched the ball with his hand on a free kick. OTHER RESULTS Granada rallied from two goals down in the final 20 minutes of its 4-4 draw at Villarreal, while promoted Mallorca edged Eibar 2-1. Osasuna, another team back in the top flight, won at Leganés 1-0......»»

Category: sportsSource:  abscbnRelated NewsAug 18th, 2019

‘Up to Duterte to discuss Chinese incursions with Xi’

While Chinese warships’ incursions into Philippine waters have now become irritating to the defense department, presidential spokesman Salvador Panelo said it’s up to President Duterte to bring the matter to Chinese President Xi Jinping during his visit to Beijing late this month......»»

Category: newsSource:  philstarRelated NewsAug 17th, 2019

NCAA 95: Mapua has full faith Pao Hernandez can be next king of the sky

Pao Hernandez took until just one month to go before the NCAA 95 Men's Basketball Tournament to completely commit to Mapua University. This, long after he wowed just about everybody in Mapua High School’s championship run last season. Once Hernandez completely committed to continue in Intramuros, though, he set all of his heart and mind into it. And this time around, it didn’t take too long for the prized rookie to make an immediate impact in the ongoing NCAA 95. Averaging 8.9 points, 3.9 rebounds, and 1.1 steals through eight games, he has wasted no time in turning himself into a key cog in the Cardinals’ quest to take flight once more. Hernandez has delivered the goods the most in the three-game winning streak they are currently in where he has norms of 15 points, 1.3 triples, 5.0 rebounds, 2.0 steals, and 1.6 assists. For the remarkable rookie season he has been turning in thus far, his mentor is nothing but proud. "Alam na natin na kahit isang taong lang 'to sa amin sa Jrs., nakita ko na agad yung leadership. Matapang, Finals MVP, hindi biro yung nagawa niya nun," Mapua head coach Randy Alcantara said. And so, of course, the two-time NCAA Jrs. and one-time MBPL champion coach is only happy to have the 6-foot-3 sweet-shooting forward on his side. This, after more than a few teams also expressed interest in Hernandez. For the 20-year-old's part, though, there was one and only one way to go. "Familiarity ang gusto ko at alam ni Coach Randy kung paano ako gamitin. Yung teammates ko rin, kilala na namin ang isa't-isa," he said. He then continued, "Kaya yun ang pinili ko - familiarity." And now he has established, and is reinforcing, himself in Intramuros, his mentor has full faith he is there to stay - and is there to bring back Mapua to continued contention. "Nakikita ko na after (team captain) [Laurenz] Victoria, magiging mukha na ng Cardinals si Paolo Hernandez," coach Randy said. Without a doubt, that is high praise for a rookie, however prized as he may be, but without a doubt as well, Hernandez does have what it takes to be a future King Cardinal. For now, though, he wants nothing more than to help his alma mater get back on track. As he put it, "Masaya ako sa tiwala ni coach, pero 'di ko muna iniisip yun. This season muna, tiyaga-tiyaga lang, step-by-step lang." --- Follow this writer on Twitter, @riegogogo......»»

Category: sportsSource:  abscbnRelated NewsAug 16th, 2019

PVL collegiate play on tomorrow

Twelve of the country’s leading colleges and universities, led by the reigning champions from the UAAP and NCAA, gear up for a two-month long duel of power, guts and styles in pursuit of the crown in the Premier Volleyball League Season 3 Collegiate Conference firing off tomorrow at the Filoil Flying V Center in San Juan......»»

Category: sportsSource:  philstarRelated NewsAug 15th, 2019