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OFW cash remittances start 2018 strong at $2.37 billion

MANILA, Philippines – Money sent home by overseas Filipino workers (OFWs) picked up where it left off last year by opening 2018 strong, according to the Bangko Sentral ng Pilipinas (BSP). BSP Governor Nestor Espenilla Jr announced on Thursday, March 15, that cash remittances, or remittances formally channeled through banks, ........»»

Category: newsSource: rappler rapplerMar 15th, 2018

Jan remittances post double-digit growth

Remittances posted a strong start to 2018 with Filipinos working abroad sending home a total of $2.65 billion in January, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. The result was up 10.8 percent from a year earlier, central bank data showed, beating the 7.9-percent expansion seen in December when personal remittances hit a [...] The post Jan remittances post double-digit growth appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 16th, 2018

OFW remittances hit $2.35 billion in April 2018

MANILA, Philippines – Cash of overseas Filipino workers (OFWs) sent through banks stood at $2.35 billion in April 2018, according to Bangko Sentral ng Pilipinas (BSP) data released on Monday, June 18. The figure is 12.7% higher compared to the same month last year. However, it is 0.4% lower compared to ........»»

Category: newsSource:  rapplerRelated NewsJun 19th, 2018

2018 MLB preview: AL East

By The Associated Press Capsules of American League East teams, listed in order of finish last year: ___ Boston Red Sox 2017: 93-69, first place, lost to Houston in ALDS. Manager: Alex Cora (first season). He's Here: DH J.D. Martinez. He's Outta Here: Manager John Farrell, RHP Doug Fister, OF Chris Young, RHP Addison Reed, OF Rajai Davis, LHP Henry Owens, LHP Fernando Abad. Projected Lineup: RF Mookie Betts (.264, 24 HRs, 102 RBIs), LF Andrew Benintendi (.271, 20, 90), 1B Hanley Ramirez (.242, 23, 62) or Mitch Moreland (.246, 22, 79), DH J.D. Martinez (.303, 45, 104 with Tigers and Diamondbacks), 3B Rafael Devers (.284, 10, 30 in 58 games), SS Xander Bogaerts (.273, 10, 62), CF Jackie Bradley Jr. (.245, 17, 63), C Christian Vazquez (.290, 5, 32) or Sandy Leon (.225, 7, 39), 2B Eduardo Nunez (.313, 12, 58, 24 SBs with Giants and Red Sox) or Dustin Pedroia (.293, 7, 62, .369 OBP in 105 games, expected to be out until late May following knee surgery). Rotation: LH Chris Sale (17-8, 2.90 ERA, MLB-best 308 Ks, MLB-high 214 1/3 IP), LH David Price (6-3, 3.38, 11 starts, 5 relief appearances), RH Rick Porcello (11-17, 4.65), LH Drew Pomeranz (17-6, 3.32, expected to begin season on disabled list with strained left forearm), RH Hector Velazquez (3-1, 2.92) or RH Steven Wright (1-3, 8.25 in 5 starts) or LH Eduardo Rodriguez (6-7, 4.19). Key Relievers: RH Craig Kimbrel (5-0, 1.43, 35/39 saves), RH Carson Smith (0-0, 1.35, 1 save in 8 games), RH Matt Barnes (7-3, 3.88), RH Joe Kelly (4-1, 2.79), RH Tyler Thornburg (injured in 2017, expected to begin season on DL). Hot Spot: Starting Rotation. This group has the potential to be the strength of the team, with two Cy Young Award winners and four All-Stars to choose from. But other than Sale, it has been spotty. And in the four-game playoff loss to the eventual World Series champion Astros last year, the Red Sox didn't get a single quality start as the rotation totaled just 11 1/3 innings. The first four spots are spoken for, aside from the injury to Pomeranz. Among those competing with Velazquez for the fifth spot are Wright, Rodriguez and Brian Johnson. Wright, a knuckleballer and 2016 All-Star, had left knee surgery in May and missed the rest of the 2017 season. Rodriguez had major right knee surgery in October. It's possible neither will be ready for opening day, but both could be back by mid-April. Outlook: The Red Sox won 93 games last year for the second straight season and claimed the franchise's first back-to-back AL East titles. But Farrell was fired after they failed to advance in the playoffs for the fourth year in a row. The key — and really only — addition is Martinez, who gives them someone to replace longtime slugger David Ortiz after finishing last in the AL in homers without Big Papi in 2017. The theory behind Boston keeping up with the reloaded New York Yankees goes something like this: A full season of a healthy Price will bolster a rotation that already has a quality ace in Sale, plus 2016 AL Cy Young Award winner Porcello and All-Stars Pomeranz and Wright. The Red Sox also are staking their chances on the hope that Ramirez can be more like the player he was in 2016 (.286, 30, 111); that Pedroia will return quickly and be healthy and productive; that 20-year-old third baseman Devers will be able to stay up for a full season; and that Bradley won't have another second-half slump. The bullpen, anchored by Kimbrel, remains strong. ___ New York Yankees 2017: 91-71, second place, wild card, lost to Houston in ALCS. Manager: Aaron Boone (first season). He's Here: OF Giancarlo Stanton, 2B Neil Walker, 3B Brandon Drury. He's Outta Here: Manager Joe Girardi, 2B Starlin Castro, 3B-1B Chase Headley, 3B Todd Frazier, DH Matt Holliday, LHP Jaime Garcia. Projected Lineup: LF Brett Gardner (.264, 21 HRs, 63 RBIs, 96 runs, 23 SBs), RF Aaron Judge (.284, AL-leading 52, 114, MLB-high 208 Ks), 1B Greg Bird (.190, 9, 28 in 48 games), DH Giancarlo Stanton (.281, MLB-leading 59, MLB-best 132, 163 Ks with Marlins), C Gary Sanchez (.278, 33, 90, 120 Ks in 122 games), SS Didi Gregorius (.287, 25, 87), CF Aaron Hicks (.266, 15, 52 in 88 games), 2B Neil Walker (.265, 14, 49 with Mets and Brewers), 3B Brandon Drury (.267, 13, 63 with Diamondbacks). Rotation: RH Luis Severino (14-8, 2.98 ERA, 230 Ks in 193 1/3 IP), RH Masahiro Tanaka (13-12, 4.74, 194 Ks), LH CC Sabathia (14-5, 3.69), RH Sonny Gray (10-12, 3.55 with Athletics and Yankees), LH Jordan Montgomery (9-7, 3.88 in 29 starts). Key Relievers: LH Aroldis Chapman (4-3, 3.22, 22/26 saves, 69 Ks, 50 1/3 IP in 52 games), RH David Robertson (9-2, 1.48, 14/16 saves in 61 games with White Sox and Yankees), RH Dellin Betances (3-6, 2.87, 10/13 saves, 100 Ks, 50 2/3 IP in 66 games), RH Tommy Kahnle (2-4, 2.59, 96 Ks in 62 2/3 IP with White Sox and Yankees), RH Chad Green (5-0, 1.83, 103 Ks in 69 IP), RH Adam Warren (3-2, 2.35 in 44 games), LH Chasen Shreve (4-1, 3.77 in 44 games). Hot Spot: Starting Rotation. There is little seasoned depth if injuries develop, with Luis Cessa the first candidate to step up, and Chance Adams and Justus Sheffield needing more time in the minors. Sabathia turns 38 in July and while he is coming off his best and most durable season in five years, his surgically repaired right knee requires periodic injections of painkiller. Severino must maintain his consistency of 2017 after going 3-8 the previous year, when he was demoted to the minors. Montgomery is expected to increase his innings from 155 1/3. The back end of New York's rotation puts pressure on its bullpen: While Severino averaged 99 pitches per start, Gray 98 and Tanaka 94, Sabathia and Montgomery were at 87 each. Outlook: New York figures to score a lot and strike out a lot, a reason the Yankees signed the switch-hitting, high-contact Walker during spring training. Drury also was a late addition, enabling New York to start prospects Gleyber Torres and Miguel Andujar in the minors. Betances faded in the second half last season, struggling with his mechanics and control and diminishing from a four-time All-Star to a mop-up man. After a pair of injury-decimated seasons, Bird is being counted on as a left-handed power bat in the middle of the batting order who can prevent opponents from bringing in right-handed relievers to attack Judge, Stanton and Sanchez. Hicks missed nearly half of last season with oblique injuries but has displaced Jacoby Ellsbury as the regular center fielder. Having never managed or coached at any level, Boone succeeded Girardi and must establish with players and the public that he knows what he is doing. ___ Tampa Bay Rays 2017: 80-82, third place. Manager: Kevin Cash (fourth season). He's Here: OF Denard Span, 1B C.J. Cron, RHP Nathan Eovaldi, OF Jake Bauers. He's Outta Here: 3B Evan Longoria, RHP Alex Cobb, RHP Jake Odorizzi, OF-DH Corey Dickerson, OF Steven Souza Jr., 1B Logan Morrison, 1B-DH Lucas Duda, RHP Brad Boxberger, RHP Steve Cishek, RHP Tommy Hunter, OF Peter Bourjos, INF Trever Plouffe, RHP Chase Whitley. Projected Lineup: LF Denard Span (.272, 12 HRs, 43 RBIs, 31 2Bs, 12 SBs in 129 games with Giants), CF Kevin Kiermaier (.276, 15, 39 in 98 games), C Wilson Ramos (.260, 11, 35 in 64 games), RF Carlos Gomez (.255, 17, 51 with Rangers), 1B C.J. Cron (.248, 16, 56 with Angels), DH Brad Miller (.201, 9, 40), 3B Matt Duffy (sidelined by Achilles tendon injury), 2B Daniel Robertson (.206, 5, 19) or Joey Wendle (.285, 8, 54 in 118 games with Triple-A Nashville), SS Adeiny Hechavarria (.261, 8, 30 with Marlins and Rays). Rotation: RH Chris Archer (10-12, 4.07 ERA, 249 Ks in 34 starts), LH Blake Snell (5-7, 4.04 in 24 starts), RH Nathan Eovaldi (missed season following Tommy John surgery), RH Jake Faria (5-4, 3.43 in 16 games, 14 starts). Key Relievers: RH Alex Colome (2-3, 3.24, 47/53 saves), RH Matt Andriese (5-5, 4.50), RH Sergio Romo (3-1, 3.56 in 55 appearances with Dodgers and Rays; 2-0, 1.47 in 25 games with Rays), LH Dan Jennings (3-1, 3.45 in 77 games with White Sox and Rays), RH Andrew Kittredge (0-1, 1.76 in 15 games), RH Chaz Roe (0-0, 9.00 in 3 games with Braves), RH Austin Pruitt (7-5, 5.31), LH Joe Alvarado (0-3, 3.64). Hot Spot: Starting Rotation. Normally, the Rays are built around good, young starting pitching and solid defense, a formula that will be tested after losing Cobb to free agency, trading Odorizzi and settling on a plan to use a four-man rotation, instead of the customary five. Cash intends to use multiple relievers on floating "bullpen days" slotted to allow the four starters to pitch on regular rest. It may not be a conventional setup, but the Rays are confident they have enough good arms to make it work. Outlook: The Rays sport a new look after a winter of trimming payroll. In addition to the departures of Cobb and Odorizzi, the heart of a batting order that hit a club-record 228 homers — Longoria, Dickerson, Souza and Morrison — is gone, too. Archer, a two-time All-Star, is set to make his franchise-record fourth opening day start, and Colome is back at closer, too. The question that remains unanswered is, for how long? Cash and general manager Erik Neander aren't making any bold predictions but they insist that despite all the changes, the Rays have a chance to be a lot more competitive than it appears on paper. ___ Toronto Blue Jays 2017: 76-86, fourth place. Manager: John Gibbons (sixth season of second stint, 11th overall with Blue Jays). He's Here: LHP Jaime Garcia, OF Randal Grichuk, OF Curtis Granderson, RHP Seung-hwan Oh, INF Yangervis Solarte, INF Aledmys Diaz, RHP John Axford, RHP Tyler Clippard, INF Danny Espinosa, RHP Taylor Guerrieri, INF Gift Ngoepe, LHP Sam Moll, RHP Sam Gaviglio. He's Outta Here: OF Jose Bautista, OF Ezequiel Carrera, RHP Dominic Leone, LHP Brett Anderson, INF Darwin Barney, RHP Leonel Campos, OF Darrell Ceciliani, RHP Taylor Cole, INF Ryan Goins, C Raffy Lopez, RHP Tom Koehler, RHP Dominic Leone, C Miguel Montero, INF Rob Refsnyder, OF Michael Saunders, RHP Bo Schultz, RHP Cesar Valdez. Projected Lineup: 2B Devon Travis (.259, 5 HRs, 24 RBIs in 50 games), 3B Josh Donaldson (.270, 33, 78), 1B Justin Smoak (.270, 38, 90), DH Kendrys Morales (.250, 28, 85), LF Steve Pearce (.252, 13, 37) or Curtis Granderson (.212, 26, 64 with Mets and Dodgers), C Russell Martin (.221, 13, 35), SS Troy Tulowitzki (.249, 7, 26 in 66 games), RF Randal Grichuk (.238, 22, 59 with Cardinals), CF Kevin Pillar (.256, 16, 42). Rotation: LH J.A. Happ (10-11, 3.53 ERA), RH Aaron Sanchez (1-3, 4.25 in 8 games), RH Marco Estrada (10-9, 4.98), RH Marcus Stroman (13-9, 3.09), LH Jaime Garcia (5-10, 4.41 with Braves, Twins and Yankees). Key Relievers: RH Roberto Osuna (3-4, 3.39, 39/49 saves), RH Ryan Tepera (7-1, 3.59, 2 saves), RH Danny Barnes (3-6, 3.55), RH Seung Hwan Oh (1-6, 4.10, 20 saves with Cardinals), LH Aaron Loup (2-3, 3.75), RH John Axford (0-1, 6.43 with Athletics), RH Tyler Clippard (2-8, 4.77, 5 saves with White Sox, Yankees and Astros). Hot Spot: Shortstop. Tulowitzki is owed $20 million in each of 2018 and 2019, and $14 million in 2020, the final season of a 10-year contract he received from Colorado. Tulo has missed at least 30 games in six straight seasons, and will begin 2018 on the disabled list because of a bone spur in his right heel. Although the Blue Jays have multiple backup options, they could be waiting at least a month, if not longer, for the five-time All-Star and two-time Gold Glove winner to return. Tulowitzki sustained a season-ending injury to his right ankle in late July last year. Outlook: The powerful Yankees and reigning division champion Red Sox are considered playoff favorites in the AL East, so the expectation is the Blue Jays will be left to compete for the second wild card. If Donaldson and Smoak help the offense rebound from last season's injury-induced stumble, when Toronto scored an AL-low 693 runs, and the starting pitching stays strong and healthy, the Blue Jays might be able to mount a playoff push. Health concerns remain plentiful, however. Besides Tulowitzki's troublesome heel, Travis will need scheduled downtime to rest his surgically repaired right knee. Stroman was slowed by a sore shoulder in spring training, and Sanchez will be closely monitored after making just eight starts last year because of blister issues. ___ Baltimore Orioles 2017: 75-87, fifth place. Manager: Buck Showalter (ninth season). He's Here: RHP Alex Cobb, RHP Andrew Cashner, OF Colby Rasmus, LHP Nestor Cortes Jr., C Andrew Susac, INF Engelb Vielma, OF Austin Hays. He's Outta Here: C Welington Castillo, SS J.J. Hardy, RHP Ubaldo Jimenez, LHP Wade Miley, RHP Jeremy Hellickson. Projected Lineup: LF Trey Mancini (.293, 24 HRs, 78 RBIs), 2B Jonathan Schoop (.293, 32, 105, 35 2Bs), SS Manny Machado (.259, 33, 95, 33 2Bs), CF Adam Jones (.285, 26, 73), 1B Chris Davis (.215, 26, 61, 61 BBs, 195 Ks), 3B Tim Beckham (.259, 12, 36 in 87 games with Rays; .306, 10, 26 in 50 games with Orioles), DH Mark Trumbo (.234, 23, 65, 149 Ks), RF Colby Rasmus (.281, 9, 23 with Rays), C Caleb Joseph (.256, 8, 28). Rotation: RH Dylan Bundy (13-9, 4.24 ERA, 152 Ks), RH Kevin Gausman (11-12, 4.68, 179 Ks), RH Alex Cobb (12-10, 3.66 with Rays), RH Andrew Cashner (11-11, 3.40 with Rangers), RH Chris Tillman (1-7, 7.84) or RH Miguel Castro (3-3, 3.53 in 39 games, 1 start). Key Relievers: RH Brad Brach (4-5, 3.18, 18/24 saves), RH Darren O'Day (2-3, 3.43, 2 saves), LH Richard Bleier (2-1, 1.99), RH Mychal Givens (8-1, 2.75). Hot Spot: Starting Rotation. The late addition of Cobb fills out a previously shaky unit, but depth and experience are still an issue. Bundy and Gausman were decent last season, but the young right-handers must take another step forward. Jimenez and Hellickson have been replaced by Cashner, on his third team in four years, and Castro, a converted reliever with one career start. Tillman, re-signed as a free agent, has to prove that his miserable 2017 season was merely a fluke rather than the beginning of the end of a career that two years ago appeared to be blooming. Should any of the starters get injured, the team has very few options on the staff and in the minors beyond right-hander Mike Wright, who's got a lifetime ERA of 5.86. Outlook: The Orioles were 25-16 and in first place last year before fading to their first losing season since 2011. The prospect for improvement will rest on a power-laden lineup that needs Davis and Trumbo to rebound from poor performances, but both sluggers fought through injuries this spring and Trumbo will be on the disabled list on opening day. With a shaky rotation and a bullpen that is without injured closer Zach Britton, the Orioles must score plenty of runs to make some noise in the AL East. Baltimore's defense, usually a strong point, was not particularly efficient in 2017. The team addressed the problem by switching Machado to shortstop and working hard on fundamentals this spring. Most important, this could be the last season in Baltimore for Jones and Machado, whose contracts expire after 2018. If the Orioles are sputtering in July, the most intriguing aspect of the team might be whether one or both stars get jettisoned before the July 31 trade deadline......»»

Category: sportsSource:  abscbnRelated NewsMar 29th, 2018

Soccer s big clash of nations not only at World Cup in 2018

By Rob Harris, Associated Press Footballing supremacy between nations will be determined in 2018, just maybe not in the way expected. The World Cup remains the ultimate prize in sport, and a Russia buffeted by doping scandals and geopolitical rifts will open up like never before to welcome thousands of fans. When the tournament reaches its climax in Moscow on July 14, the biggest global television audience of the year is likely to see the World Cup handed over. Will Germany be the first team to retain the title since Brazil in 1962? Can Neymar inspire Brazil to a record-extending sixth success? Will the players who have shared major individual honors for a decade — Cristiano Ronaldo (Portugal) and Lionel Messi (Argentina) — finally become world champions? But it became clearer in 2017 that appearing at the World Cup is no longer the only vehicle — or preferred means — for countries to validate their status and strength in the world's biggest sport. That isn't much of a reassurance, though, for Italy, the Netherlands and the United States who failed to qualify for Russia. The international soccer landscape is being reshaped by the Gulf state-funded clubs, and their clout reached new heights in the last year. Just as Qatar and the United Arab Emirates became ensnared in a diplomatic standoff, the jewels in their soccer crowns slugged it out in the transfer market pursuing the top talent. Around $300 million was spent in the summer transfer window alone by both Manchester City, which is owned by the UAE's Abu Dhabi, and Paris Saint-Germain, which is funded by 2022 World Cup host nation Qatar. The biggest statement came from PSG which more than doubled the previous transfer record by splurging 222 million euros on Neymar — an unexpected windfall for Barcelona but a deal that solidified the power shifts. Both PSG and City have already obliterated the field in their French and English leagues respectively and are racing toward regaining their domestic titles. The true test of power in this intriguing rivalry between energy-rich Gulf powers should be determined in the Champions League. The competition has been won in three of the last four years by Real Madrid, and the holders now stand in the way of PSG reaching the quarterfinals in March. Madrid and Barcelona remain in the control of their fans, a structure able to resist foreign ownership, although both teams have accepted injections of cash through UAE or Qatar sponsorships. The future spending capabilities of the nascent forces at PSG and City will be determined in the coming months. However wealthy their ownership, unfettered spending remains subject to curbs in an often forlorn attempt to maintain a competitive balance in competitions and prevent them stockpiling players. The ultimate threat hanging over PSG is exclusion from the Champions League unless it balances the books by cashing in on stars in the January transfer window. PSG's legal team is already preparing to take the fight to UEFA over its implementation of Financial Fair Play rules, having faced an earlier round of punishments — along with City — in 2014 that led to limits on the squad size and financial penalties. UEFA has also served notice on AC Milan that sanctions could be looming after around $250 million was spent in the summer by new private Chinese investors. Milan is an illustration of why authorities don't want clubs risking their financial health in the pursuit of success. Despite the investment, Milan is closer to the relegation zone than the top four Champions League qualification places halfway through the Serie A season. City is in a more advantageous position than either PSG or Milan due to its cut from domestic television rights. The Premier League is banking 8.3 billion pounds ($11 billion) from broadcasters under the current three-year deals, far eclipsing European counterparts. One of the early defining moments of 2018 in soccer won't happen on the field but in the Premier League's negotiations over the 2019-2022 rights. The winning outlets will provide an indicator of the vitality of traditional networks in an era of fragmented viewing habits where streaming platforms are luring viewers. The value of the deals will also influence the spending power of clubs in the coming years and the destination of the players. The flow of cash from Abu Dhabi since 2008 has already produced the dominant City team imagined by Sheikh Mansour. At the start of the second half of the season, Pep Guardiola's side enjoys a commanding lead over the previously pre-eminent Manchester United. How rapidly fortunes change in soccer. Guardiola, a serial title winner at Barcelona and Bayern Munich, was facing doubts over his managerial prowess as he opened his City reign with his first trophyless season. He remains on course for a quadruple at the second attempt. Across Manchester, it was Jose Mourinho buoyant in the first half of 2017 after collecting the Europa League and League Cup to offset a sixth-place domestic finish. But Mourinho enters 2018 in sullen mood, seething with envy about the lavish investment from Abu Dhabi that enabled Guardiola to remodel his squad. It's another indicator that with all the cash pumped into soccer by Gulf ruling families, the World Cup can no longer be relied on to determine the true kings of soccer in 2018......»»

Category: sportsSource:  abscbnRelated NewsDec 31st, 2017

Powerhouse PH unit to start vs Thailand

Game Tomorrow: (GBK Indoor Volleyball Hall) 12:30 pm – Philippines vs Thailand (via @JCManicad ) @ConceptGrp #AsianGames2018 #LabanPilipinas pic.twitter.com/P6DhhDLiBM — Daily Tribune (@tribunephl) August 18, 2018 Game Tomorrow: (GBK Indoor Volleyball Hall) 12:30 pm – Philippines vs Thailand JAKARTA, Indonesia – The Philippines deploys a strong starting roster when it battles Thailand in the opening salvo […].....»»

Category: newsSource:  tribuneRelated NewsAug 18th, 2018

Overseas Filipinos’ cash remittances (June 2018)

CASH remittances slipped to a two-month low in June due to smaller flows from the Middle East, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday. Read the full story. The post Overseas Filipinos’ cash remittances (June 2018) appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 15th, 2018

Foreign investments still coming

Foreign direct investments (FDI) continued to surge into the country for the January-May 2018 period, with registered net inflows hitting $4.8 billion, or a growth of 49 percent from the comparable period in 2017, the Bangko Sentral ng Pilipinas (BSP) said.   In a statement, the central bank said investment inflows were boosted by continued favorable investor sentiment on the back of the country's solid macroeconomic fundamentals and growth prospects.   The strong performance of inward investments in the first five months of the year came on the heels of a record high FDI figure of $10 billion recorded for all of 2017.   The latest data showed that net eq...Keep on reading: Foreign investments still coming.....»»

Category: newsSource:  inquirerRelated NewsAug 11th, 2018

AGI 1H 2018 net income soars 17% to P7.9B

ALLIANCE Global Group, Inc. (AGI), the investment holding company of billionaire Dr. Andrew L. Tan, registered a robust financial performance in the first half of 2018 as consolidated revenues grew 9% to P73.2-billion from its year ago level of P66.8-billion. “All of the group’s major subsidiaries delivered strong topline and bottomline results, reflecting the improving […] The post AGI 1H 2018 net income soars 17% to P7.9B appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsAug 10th, 2018

FDI net inflows grow by 142.9% in May 2018

FOREIGN direct investments (FDI) net inflows rose more than twice in May 2018 to US$1.6 billion from US$677 million recorded last year. This reflects continued investor confidence in the Philippine economy’s strong macroeconomic fundamentals and growth prospects. All FDI components yielded higher net inflows during the month. About eighty percent of FDI net inflows were […] The post FDI net inflows grow by 142.9% in May 2018 appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsAug 10th, 2018

Foreign investments soar 142.9% in May 2018

MANILA, Philippines– Investor confidence in the Philippine economy remained strong as foreign investments more than doubled in May. The Bangko Sentral ng Pilipinas (BSP) reported foreign direct investments (FDI) net inflows soared 142.9% to $1.6 billion from $677 million recorded in 2017. The figure is also higher than April which hit ........»»

Category: newsSource:  rapplerRelated NewsAug 10th, 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

PBA: Game 4 was Ginebra s do-or-die game says LA

Game 4 of the 2018 PBA Commissioner's Cup Finals was Ginebra's do-or-die game against San Miguel. Lose and the Gin Kings go down 1-3 to the Beermen. Not exactly ideal. That's why Ginebra was almost required to have a good outing Friday in order to make these Finals somewhat competitive again and the Gin Kings sure gave a worthy performance powered by a historic start. The barangay started Game 4 with an emphatic 17-0 run and rolled all 130-100 series-tying victory. Now it's back to square one in this epic Clash of Titans for the PBA Commissioner's Cup. "This is our do-or-die game against San Miguel," guard LA Tenorio said. "We all know how strong San Miguel is so going to this game yun na yung mindset namin, do-or-die game na," he added. The great start was crucial for the Gin Kings as each of the first four games of this series ended in blowouts. It was important for Ginebra to set the tone and they did. "Yung start talaga nagse-set ng tone eh, the way we look at the games. We always expect close games every game, di rin namin inexpect na magiging ganito talaga. We just need a one-point win, yun lang kailangan namin. What's important is we get the W," Tenorio said. "[Coach Tim] challenged us. Game 3, talagang pinakita ng San Miguel na mas malakas sila samin," he added. In Game 3, Ginebra locals went AWOL as the Beermen issued a sound beatdown. In Game 4 the local crew showed up to help Best Import Justin Brownlee get the job done. Greg Slaughter and Joe Devance scored 19 and 18 points respectively for Ginebra. Tenorio himself had 17 in a starting role. "We cannot be Justin reliant. Di dapat kami mag-rely lang sa kaniya on offense. He's been great but we can't just rely on that," Tenorio said. "We have to duplicate this game for the next game. This game is not good enough for us to win again, we're expecting a stronger San Miguel tulad nung ginawa nila nung Game 2 at Game 3," he added.   --- Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsAug 3rd, 2018

Construction of P350B Metro Manila subway starts this year — Tugade

  Construction of the P350 billion Metro Manila subway project will start before 2018 ends, Transportation Secretary Arthur Tugade said on Wednesday.   Tugade said the project remains on track, with the groundbreaking ceremony and formal construction scheduled "by the end of this year, not later than December."   According to Tugade, partial operation of the subway with stations in North Avenue, Mindanao Avanue and Tandang Sora will start before President Rodrigo Duterte ends his term ends in 2022.   "Uumpisahan natin iyong construction doon sa partialoperability sa tatlong istasyon, saan ito -- North Avenue,Mindanao Avenue, Tandang Sora," he said...Keep on reading: Construction of P350B Metro Manila subway starts this year — Tugade.....»»

Category: newsSource:  inquirerRelated NewsAug 1st, 2018

Train law revenues exceed H1 target

Revenues from tax reforms approved by Congress last year have exceeded expectations, Finance Secretary Carlos Dominguez 3rd told legislators on Tuesday. “The Train Law, which you kindly passed and which was implemented at the start of 2018, contributed 33.7 billion pesos in revenues for the first half of the year — surpassing our target by 3.6 [...] The post Train law revenues exceed H1 target appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 31st, 2018

PhilHealth reaps P3.4-B cash surplus

The Philippine Health Insurance Corporation (PhilHealth) has confirmed gaining cash surplus of P3.4 billion in the first five months of the year after it posted a P4.75-billion net loss in 2017. The state agency said that its current cash position is "enough guarantee that it has the liquidity to pay its obligations to accredited providers serving its members" after concerns were raised over its funds sustainability. As of May, PhilHealth acting President and CEO Roy Ferrer said the agency has a cash funding of P36.9 billion which came from the positive beginning balance of P33.5 billion, and the additional net cash inflow of P3.4 billion as of May 31, 2018, due to fresh premium pa...Keep on reading: PhilHealth reaps P3.4-B cash surplus.....»»

Category: newsSource:  inquirerRelated NewsJul 30th, 2018

PBA: Tim Cone knows lights-out Game 1 will stir up the beehive for SMB

Ginebra head coach Tim Cone says that the Gin Kings did everything on their part to steal the first game against the San Miguel Beermen in Game 1 of the 2018 PBA Commissioner's Cup Finals. With such a game plan, Ginebra filled the chambers with 61.5-percent shooting, including a scorching 13 out of 25 from downtown. Even he can't help but marvel at his team's shooting display, opening the post-game press conference with a hint of surprise. "We were firing on all cylinders, and we kinda got them on their heels early and just never let up. Those games happen. They happen in the Finals, they happen any time," the winningest coach in PBA history said. Cone added that the team's fiery offense never stopped from the get-go, as the lead ballooned to as large as 39 (119-80), midway through the fourth quarter, merely cascading their strong start. In a dominating Game 1 victory, the American coach expects San Miguel to come out firing for Game 2 on Sunday, and expects their opponents to launch a haymaker from tip-off. "But all we did basically was stir up the bee hive, and they're gonna be coming back, sting us big time in Game 2. But at least we came out, we were aggressive, and we played with confidence." Cone again was quick to shower praise to versatile import Justin Brownlee, who again did a masterful performance with 42 points on 85.7-percent shooting, adding nine assists, seven rebounds, two blocks and a steal.  "Basically you can't stop him one-on-one, so they're gonna have to get another defender, and we'll have to read that, see where it's coming from, and try to figure out how to battle it." As for Game 2 on Sunday, Cone obviously does not expect the team to be that hot again, but he hopes a little bit of luck come again at the Smart-Araneta Coliseum. The long-time coach even took one of his former team's mantras to the Ginebra locker room, and it could not be more apt.  "Yesterday ended last night. So, this game ends tonight, tomorrow is a whole new day. So we can't let this success here affect the success going forward. It's too easy to think that, 'oh, we've arrived.'" Calling adversary Leo Austria as an excellent one in terms of adjustments, Cone could only hope how his team can do as he expects his opponents shifting to fifth gear next time around. "If I told you I'd have to kill you. Kidding aside, I think that we'll see ... That's the problem with winning a game in a series rather than losing. When you win a game, the reaction all goes to the other team, they make the adjustments, then you gotta come into the game and be ready to adjust to their adjustments." "...But we're not gonna come in doing exactly the same thing, either. We're gonna try to change some things up and try to keep them unbalanced." __   Follow this writer on Twitter, @philipptionary. .....»»

Category: sportsSource:  abscbnRelated NewsJul 27th, 2018

JONES CUP: Ateneo has begun ‘repairing reputation’ of PH ball

Ateneo de Manila University only knew they were going to be the Philippines’ representatives one week before the 2018 William Jones Cup. The Gilas cadets were supposed to be wearing the flag, but after the free-for-all that erupted between Gilas Pilipinas and Australia during a FIBA World Cup Qualifier, those plans were put on hold. Enter the Blue Eagles – the first-ever collegiate team tasked to represent the country in the regional tournament. And in Taiwan, the young UAAP champions only made the country proud. “The fact that we had success there, I think that’s important,” head coach Tab Baldwin said in their homecoming lunch on Tuesday in Ortigas. He then continued, “There were very strong teams and basketball programs in that tournament so to pit ourselves against that level of competition and to be standing at the end, I think that speaks positively about this team.” Indeed, Ateneo had to settle for a fourth-place finish with a 5-3 record at the end of the tournament, but also showed just what Filipino basketball is all about throughout. “Parang, ang expectation nung una was just for the Philippines to participate, pero for them to go this far, I never expected it,” Ronald Mascarinas, president of team backer Chooks-to-go, said. He then continued, “Ateneo did not win the championship nor did they make a podium finish, but the fourth-place shone more brightly than gold.” And more than the standing and the statistics, the Blue Eagles proved that, when it comes down to it, Filipinos are full of sportsmanship. In one particular instance during their matchup against Korea, Thirdy Ravena and Matt Nieto proved as such by helping a floored opponent get back up on his feet and get to his team’s bench. That act became etched in the mind of the team’s backer – so much so that the two kids from Katipunan were recognized and rewarded once they returned home. “We are recognizing Thirdy and Matt for their supreme act of sportsmanship so we are giving them a token of appreciation,” Mascarinas said. For that, Ravena and Nieto collectively received a cash prize of PhP 100, 000. That act, and the general sportsmanship Ateneo showed all throughout, is a welcome development for all of Philippine basketball – especially on the heels of the free-for-all between Gilas and Australia. As Mascarinas put it, “It’s a redeeming grace for us that they were really excellent goodwill ambassadors for the country. Somehow, they’ve started the process of repairing the reputation of the Philippines.” He then continued, “Ateneo earned the respect of all the other teams. Itong collegiate team pa yung nakagawa nun para sa atin.” —— Follow this writer on Twitter, @riegogogo......»»

Category: sportsSource:  abscbnRelated NewsJul 24th, 2018

ONE: Shinya Aoki says he’d enjoy a rematch with fellow former champ Eduard Folayang

Nearly two years removed from losing ONE Championship Lightweight World Title, Japanese MMA legend Shinya Aoki finds himself back on the path towards championship glory, and the next stop on his journey brings him to Manila at ONE: Reign of Kings, Friday, July 27th at the Mall of Asia Arena. In a battle of top lightweight contenders, Aoki meets Thai MMA star Shannon ’OneShin’ Wiratchai, with the winner moving one step closer to a lightweight world title shot. And while another run at the world title could be on the line, the Evolve MMA star says that his focus in the lead up to the fight will be his own progress and no one else’s. “I approach all my fights the same. I focus on myself, and my game.” Aoki shared with ABS-CBN Sports via email. “I train hard with all my training partners and coaches, whether its in Japan or at Evolve MMA in Singapore, to improve all aspects of my game to prepare myself for the bout ahead. I am confident in my abilities and am looking forward to this bout.” Adding another layer to the upcoming Aoki versus Wiratchai fight will be the fact that the Thai star revealed that he looks up to the Japanese legend. “I have been competing for a long time now so it is interesting that I am competing against someone who used to watch me growing up. When I compete I go out there to do my best as a martial artist, if my performances inspire someone to start martial arts that’s just an extra bonus.” “Shannon is a good strong opponent, I look forward to competing against him.” Aoki added. If Aoki can defeat Wiratchai in Manila, it’ll mark his first string of back-to-back wins since 2015, definitely a step in the right direction. From 2016 to 2017, Aoki went through quite a rough patch that was kickstarted with him dropping his ONE title to Eduard Folayang in Singapore, followed a grappling superfight loss to Garry Tonon and a one-sided beatdown from then-ONE Welterweight World Champion Ben Askren. Momentum shifted to Aoki’s favor in the start of 2018, as he submitted fellow former ONE champion Marat Gafurov in another grappling superfight, before getting back in the win column in MMA, choking out Rasul Yakhyaev in just one round back in May. “As a professional athlete, winning and losing is all a part of the journey.” Aoki said of his struggles and his recent run of success. “As a martial artist, all I focus on is continuing to improve and learn from the past and improve my game in all aspects. Improving a little bit every day is what martial arts is about. This is the mindset I’ve always had.” Speaking of Eduard Folayang, Aoki now is on the same boat as the Filipino MMA star, both former champions looking to regain their place at the top of the division. Folayang will also be fighting on ONE’s Reign of Kings card in Manila, against unbeaten Russian Aziz Pahrudinov. Much like Aoki, a win for Folayang moves him one step closer to another shot at the championship. If everything goes according to plan for these two former champions, their paths could cross once more, and that’s something that Aoki says he wouldn’t mind. “I am open to compete against anyone or rematch anyone. If ONE Championship wants me to face Eduard I would enjoy that. My job is to train hard to improve all aspects of my game for whoever I am facing.” Before anything else however, Aoki and Folayang will have to take care of business come fight night. For Aoki, who is, by all means, a proven legend in MMA, the learning never stops, and it’s this feeling of hunger for more that keeps the former champ motivates. “I never think of my accomplishments as enough. Every bout is a new challenge for me to take on, so I push myself to be able to handle anything that comes my way. I am always training and learning new techniques so my game is constantly improving. The martial arts journey never ends.” said Aoki.   Former ONE Lightweight World Champion Shinya Aoki meets top contender Shannon Wiratchai in a lightweight contest with massive title implications at ONE: Reign of Kings on Friday, July 27th at the Mall of Asia Arena. Catch it LIVE starting at 8:30 PM on ABS-CBN S+A channel 23!   *Special thanks to Aliya Anwar of Evolve MMA.        .....»»

Category: sportsSource:  abscbnRelated NewsJul 23rd, 2018

PVL: Adamson off to strong start, routs Perpetual

  Adamson made quick work of Perpetual Help, 25-19, 25-18, 25-16, in the 2018 Premier Volleyball League Collegiate Conference women's openeron Saturdayat Filoil Flying V Centre in San Juan. Down 10-12 in the third set, the Lady Falcons uncorked a 15-4 bomb to seal the result. "Our game was sloppy and messy. Our defense and first ball was all over the place," Adamson head coach Airess Padda said. Three straight errors from the Lady Altas gave Adamson the second frame. The Lady Falcons had 12 blocks while Perpetual only had four. Eli Soyud delivered 17 points for Adamson while Chiara Permentilla added 13. Maria Tripoli had 12 for the Lady Altas. Justin Robert Vale...Keep on reading: PVL: Adamson off to strong start, routs Perpetual.....»»

Category: newsSource:  inquirerRelated NewsJul 21st, 2018

BOP gap widens to $1.2 billion in June 2018

The country’s balance of payments deficit ballooned to the widest level in 19 months to hit $1.17 billion in June amid strong dollar outflows to finance the importation of capital equipment and raw materials, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJul 19th, 2018