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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

Remittances from overseas Filipino workers in Middle East down | Philstar.com

Cash remittances from millions of overseas Filipino workers in the Middle East are down by $1 billion or P53 billion, Leyte Rep. Henry Ong said yesterday......»»

Category: newsSource:  philippinetimesRelated NewsJan 5th, 2019

Foreigners pull most cash from Asian equities in at least 7 years in 2018

Foreign outflows from Asian equities were the biggest in at least 7 years in 2018 as the Sino-U.S. trade war and slowing profits battered regional stocks last year. Data from South Korea, Taiwan, India, Thailand, Philippines, Indonesia and Vietnamese stock exchanges showed foreigners sold a net $33.6 billion worth of equities last year, which was the […] The post Foreigners pull most cash from Asian equities in at least 7 years in 2018 appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsJan 4th, 2019

Top sports headliners in the year that was

From the FIFA World Cup to the NBA, the PBA to the UAAP and NCAA, the Asian Games to Manny Pacquiao, volleyball to MMA, the past 12 months truly was a great year for Filipino sports fans.   Here are some of the most memorable sports headliners that bannered the year that was.    San Miguel Corporation dominates PBA San Miguel Corporation owned 2018. For the first time in the history of the Asia’s first professional basketball league one company dominated all three conferences of the PBA. The San Miguel Beermen annexed their fourth straight Philippine Cup title against sister team Magnolia last May, while Ginebra rode on undersized do-it-all forward Justin Brownlee to the Commissioner's Cup title at the expense of San Miguel last August. Then it was Magnolia's time to shine in December. The Hotshots dismantled Alaska in six games to complete SMC’s domination of PBA 2018. Outside of basketball, SMC also made its presence felt in volleyball as Petron bagged the Grand Prix, Challenge Cup (beach volleyball) and the All-Filipino Conference in the Philippine Superliga.   Kai Sotto stands tall as Ateneo takes title vs NU Kai Sotto became a household name in 2018 as the 7'1" wunderkind showed off in the UAAP Season 80 juniors' basketball tournament. The eventual Finals MVP was a beast in Game 1 of the Finals against the NU Bullpups, tallying a triple-double of 22 points, 16 rebounds, and 11 blocks in the 86-70 win, the first of its kind since 2003. Ateneo finished the season almost unscathed at 16-1, with their lone loss in Game 2 of the series, a very chippy one to say the least. In Game 3, Sotto came up clutch, scoring the go-ahead basket, 60-58, with about 30 seconds left as Ateneo came away with the 63-58 win to take the title.  SJ Belangel, Joaqui Manuel, Dave Ildefonso and Jason Credo, and coach Joe Silva all appeared in their last games for the Blue Eaglets.   DLSU completes three-peat; NU dethrones Ateneo  The UAAP Season 80 volleyball tournament was filled with lasting memories that will surely be remembered for a long time. Numerous upsets in the eliminations, great games, and much more were the name of the game for the women's tournament. However, a long-time rivalry was rekindled when two-time defending champs De La Salle Lady Spikers met 29-time title holders FEU Lady Tamaraws for all the marbles last May. Kim Kianna Dy, Majoy Baron, and Dawn Macandili all ended their careers on a high note as they swept graduating Bernadeth Pons and the Lady Tamaraws in two straight games to win their third straight title. Graduating libero Macandili was named Finals MVP for the first and final time in her collegiate career.  Behind their magnificent floor defense and some stellar play from Finals MVP Bryan Bagunas, the NU Bulldogs also swept three-time defending champions Ateneo Blue Eagles to reclaim a title they last enjoyed in Season 76. Espejo, a five-time UAAP MVP, had an awesome performance for the world's record books, scoring a record-55 points to force the FEU Tamaraws to a do-or-die Final Four. The Blue Eagle legend had played his last, and has since suited up for a semi-pro team in Japan's topflight volleyball league.   Alab fends off Mono Vampire to claim ABL title San Miguel-backed Alab Pilipinas were such a glorious sight to see in the eighth season of the Asean Basketball League (ABL) last March. Coached by perennial fan favorite Jimmy Alapag in his very first season, the trio of Renaldo Balkman, Justin Brownlee, and Local and Finals MVP Bobby Ray Parks to their first title in home soil. Alab faced Thailand-based Mono Vampire, who were led by Mike Singletary, towering Sam Deguara, Fil-Am Jason Brickman and Pinoy Paul Zamar. In the very same day as the coronation of the UAAP volleyball championships, Alab took home the crown in a rousing 102-92 victory in Sta. Rosa, much to the delight of the home crowd. Balkman, the league's Defensive Player of the Year led Alab in scoring with 32, while Brownlee added 24 of his own. Parks added 13 markers. The two imports played in the PBA for the Commissioner's Cup, where Balkman (San Miguel) and Brownlee (Ginebra) would face each other in the Finals.   (AP Photo/Carlos Osorio) Warriors send LeBron packing to Los Angeles The Golden St. Warriors and the Cleveland Cavaliers locked horns in the NBA Finals for the fourth straight season after the two teams were pushed to the brink in the Conference Finals. Both teams were down 3-2 and won Game 7 on the road to win their respective conferences, with both teams banking on experience to forge another bout in the championship series. Game 1 was undoubtedly the most exciting game in the series as LeBron James had an epic performance of 51 points, 8 rebounds, and 8 assists.  However, JR Smith's blunder at the end of regulation became the lasting image of that game, as he dribbled out the clock with the score tied at 107-all. The defending champions rode the surge and took the opening game, 124-114. Stephen Curry's brillant performance throughout the series was overshadowed by Kevin Durant's dagger in Game 3, a few feet away from the spot where he launched the go-ahead three in Game 3 of the 2017 NBA Finals. Durant was named as the Bill Russell Finals MVP after norming 28.8 ppg, 10.8 rpg, and 7.5 apg in the four-game sweep, demolishing the Cavs 108-85 in the series finale last June. It would also be the last game LeBron James had in a Cleveland Cavaliers uniform, as he bolted for the Los Angeles Lakers almost a month later.   (AP Photo/Martin Meissner) France rules 2018 FIFA World Cup The most-coveted title of the beautiful game returned to France after two decades. The youthful French squad celebrated their conquest soaked in a downpour in Moscow after a 4-2 victory over first-time finalist Croatia in the 2018 FIFA World Cup last July. Teenager Kylian Mbappe stood out in the French team composed of a bunch of 25 and under players. Speed, strength and youth became France’s biggest asset during the quadrennial football spectacle watched by almost 3.5 billion viewers around the world.  The 19-year-old migrant scored one of the four goals in the championship match to become the second teen to score a goal in the Finals after the legendary Pele back in 1958. France defeated Belgium in the semifinal, 1-0, while Croatia outlasted the favored Russians in penalty shootout, 4-3 (2-2). The French team also displayed diversity, with players born of migrant parents including Alphonse Areola, whose parents are both Filipinos working in France.   Pac on top, The Filipino Flash returns The most-celebrated Filipino athlete continued make the headlines this year. Manny Pacquaio stripped Lucas Matthysse of his WBA welterweight world championship belt with a seventh round technical knockout win in Kuala Lumpur, Malaysia in July. Pacquiao split with long-time trainer Freddie Roach during his build up for the Matthysse bout back in April but confirmed their partnership once again for the 40-year old boxer’s title defense against Adrien Broner next year. Nonito Donaire Jr. announced that he would be going back down to super bantamweight after a loss to Carl Frampton in April for the interim WBO Featherweight belt and would be taking part in the World Boxing Super Series' super bantamweight tournament.  Matched up in the quarterfinal round against Ryan Burnett back in November, Donaire scored what many consider an upset, winning via TKO after the Irishman suffered a back injury to snatch the WBA (Super) Bantamweight World Championship.  Up next for Donaire will be WBO Super Bantamweight World Champion Zolani Tete of South Africa in the semifinals.           Pinay power in the Asian Games   The Philippines participated in the 18th Asian Games held in Jakarta and Palembang, Indonesia that ran from August 18 to September 2. A total of 272 athletes that participated in 31 sports represented the country in the quadrennial meet with Jordan Clarkson of the Cleveland Cavaliers and medalist Margielyn Didal marching as flagbearers in the opening and closing ceremonies, respectively. Rio Olympian Hidilyn Diaz gave the PHI its first gold medal in women’s -53 kg. weightlifting. Five days after Diaz’s victory, the trio of Yuka Saso, Bianca Pagdanganan and Lois Kaye Go accounted for the women’s golf team mint. Saso also bagged the individual gold. In Palembang, Didal rolled her way into winning the women’s street skateboard gold. The celebrated men’s basketball team started out strong after routing Kazakhstan but lost by two-points to China in the group stage. The Gilas Pilipinas squad advanced in the quarterfinals but bowed down to South Korea by nine points eventually settling for a fifth spot in the classification phase after wins over Japan and Syria. The PHI finished with a 4-2-15 gold-silver-bronze haul and landed at 19th spot, three places higher that its 2014 finish in Incheon, South Korea.      Red Lions roar, Blue Eagles soar San Beda University continued its mastery over the NCAA as it annexed its third straight title and 22nd overall. The Red Lions grabbed its 11th crown in 13 years at the expense of Lyceum of the Philippines University. It was one-sided championship series – just like in their Finals meeting last year – with the San Beda ripping the Pirates apart in Game One with LPU playing sans its best player in CJ Perez, who was banned for one game after failing to notify the league of his intention to join the PBA Draft. Perez returned in Game 2 but even his presence didn’t stop the Red Lions from painting the NCAA red once again. In probably one of the most memorable UAAP season in recent years, Ateneo de Manila University won its second straight crown. Ivorian tower and Rookie of the Year 6-foot-11 Ange Kouame made an immediate impact for the Blue Eagles complementing the already stacked Ateneo squad led by Finals MVP Thirdy Ravena. But the glory of Ateneo was overshadowed by the Cinderalla story of the team it vanquished in the Finals. Climbing up from the cellar in the past years, University of the Philippines made history by making it in the Finals for the first time since winning it all in 1986. But before their championship stint, the Fighting Maroons ended a two-decade Final Four drought. UP then shocked twice-to-beat Adamson University with both games decided by game-winners. Ateneo came in the series as the title favorites but overwhelming support from a very hungry UP community and underdogs fans backed the Fighting Maroons. But in the end, it was the Blue Eagles championship experience that prevailed.       Pinoys make wave in MMA Fighters under Team Lakay flexed their muscles in One Championship. Flyweight star Geje Eustaquio opened the year with an interim championship win over former champion Kairat Akhmetov in Manila back in January. Eustaquio then defeated two-time champion Adriano Moraes in Macau last July to become the undisputed ONE Flyweight World Champion.  Joshua Pacio earned the ONE Strawweight World Championship last September after a unanimous decision win over two-time champion Japanese Yoshitaka Naito. Kevin Belingon dropped former world title challenger Andrew Leone with a now-famous spinning back kick in April. He followed it up with a dominating win over then-two division world champion Martin Nguyen to capture the ONE Interim Bantamweight World Champion. Belingon ended the five-year reign and seven-year winning streak of of long-time bantamweight king Brazilian Bibiano Fernandes in November via split decision.  Eduard Folayang outclassed Singaporean contender Amir Khan at ONE: Conquest of Champions in Manila in early December to bag the ONE Lightweight World Championship for the second time in his storied career.  BRAVE Combat Federation Bantamweight World Champion Stephen Loman successfully defended his title twice in 2018.  Reigning ONE Heavyweight World Champion Brandon Vera needed only 64 seconds to knockout hard-hitting Italian challenger Mauro Cerilli in Manila early December to remain the king of the ONE Championship heavyweight kingdom.    Petron, Creamline rule respective club leagues Creamline claimed its breakthrough championship in the Premier Volleyball League by sweeping PayMaya in the Reinforced Conference Finals series last July. Alyssa Valdez finally ended a two-year title drought with the Cool Smashers' victory. Creamline opposite hitter Michele Gumabao was named Miss Globe-Philippines during the Binibining Pilipinas 2018 last March. Gumabao represented the country in the 2018 Miss Globe in Albania last October and won the Miss Social Media and Dream Girl awards while landing a spot in the Top 15.     The Cool Smashers completed a sweep of the PVL’s Season 2 after claiming the Open Conference crown at the expense of Ateneo-Motolite via an emphatic series sweep this month. In the Philippine Superliga, Petron reigned supreme in the Grand Prix after taking down archrival F2 Logistics last May. Petron extended its supremacy in the sands after the tandem of Sisi Rondina and Bernadethn Pons defeated Dhannylaine Demontano and Jackielyn Estoquia of Sta. Lucia in the Challenge Cup final last May. The Cargo Movers got its revenge in the Invitational Cup, toppling the Blaze Spikers in a series sweep last July. Petron wrapped the year with the All-Filipino Conference in its pocket. The Blaze Spikers won its first 14 games before dropping Game 2 of the Finals. Petron swept F2 Logistics in Game 3......»»

Category: sportsSource:  abscbnRelated NewsDec 30th, 2018

PBA 43 Review: For Northport, it s been sink instead of swim

The PBA's 43rd season was a loooooong one. Seriously, it started December of 2017 and ended December of 2018. That's 12 months of almost non-stop basketball. But with the current PBA season finally drawing to a close, it's time we look back at how each team fared in 2018. Today, we take on the Northport Batang Pier.   SINK OR SWIM It was quite an up-and-down season for the Batang Pier and more often than not, the team was already sinking before it had the chance to go out for a swim. The Batang Pier saw head coach Pido Jarencio return to start the season after Franz Pumaren was officially "on leave." Then still known as Globalport, the team faced uncertainty with star guard Terrence Romeo dealing with injury and his recovery a mystery. Even with two star scorers in Romeo and Stanley Pringle, Globalport was a fringe playoff team at best. That's what they looked like in the past. They looked like legit playoff contenders without Romeo ironically as the Batang Pier made a strong run in the All-Filipino with a rugged style heavily influence by Jarencio. With Terrence returning towards the end of the elimination round, it appeared that Globalport was ready to shock quite a few teams in the playoffs. They didn't. Global lost a close one to Magnolia in the quarterfinals and Romeo and Jarencio went at it mid-game on the bench. Whoops. The Batang Pier would eventually deal Romeo to TNT for Mo Tautuaa. It solved immediate issues for both teams and it looked like a win-win for both teams. Jury is still out on that but one trade the Batang Pier definitely lost was the Kelly Nabong-Gabby Espinas swap. Nabong, who revived his career in the Philippine Cup, emerged as a solid contributor for the loaded Beermen. Espinas meanwhile, remains stuck on the bench even though he finally got out of San Miguel. A frontline rotation of Nabong, Tautuaa, and Sean Anthony would have flourished under Jarencio. Add Pringle and Jonathan Grey in there and that's a pretty good team. Too bad the Batang Pier gave up on Nabong so quickly. Now rechristened as Northport, the team will move forward to a new season. The Batang Pier has an actual star in Pringle, and they should work on surrounding him with as much solid pieces as they can. Northport has an identity with Jarencio in charge and Pringle leading the team on-court. Maybe an offseason can help them refine their rugged style. The Batang Pier are not a bad team, that's for sure. They just need a couple of things to fall into place in order to have time to go for a swim instead of sinking so fast.   Globalport/Northport BATANG PIER in the 2017-2018 PBA Season Philippine Cup: 5-6 (7th place) Commissioner's Cup: 5-6 (8th place) Governors' Cup: 2-9 (11th place) Overall: 12 wins 21 losses. Two playoff appearance, both QFs.   POST DRAFT NOTE: Northport added Robert Bolick in the Draft to pair with Stanley Pringle. Will this new combo be better than Stanley and Terrence? Sure looks like it. Bolick should fit better with Pringle and Babes' incredible winning mentality from San Beda could be the key to unlocking the Batang Pier's potential. Northport could make a splash next year.   --- Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsDec 27th, 2018

Pinoy sports most captivating underdog stories of 2018

Who doesn't love a good underdog story? In 2018, we saw another batch of champions get crowned for their extended excellence in their respective leagues and disciplines. We also witnessed squads and personalities who found success despite minimum fanfare. These underdogs didn't let any pre-competition predictions cloud their performances en route inspiring runs that may not have delivered gold, but are primed to be remembered for years to come.  MARGIELYN DIDAL Let's start with arguably the most inspiring entry on this list. Margielyn Didal basically burst onto the scene to bag skateboarding gold in the 2018 Asian Games. The Cebuana's victory is made even more impressive because of her humble roots, the lengths she went through just to compete, and what she's fighting for. The daughter of a carpenter and a sidewalk vendor, Didal also famously had to fend off security personnel in malls, when she was practicing her craft. Still, Didal's rise continued as she became the first Filipino to represent the nation in the 2018 X Games in Minnesota.  Her gold in the Asiad  earned her the distinction as the flag bearer of the Philippine delegation in the continental meet, and has slowly increased awareness for the sport. UP LADY FIGHTING MAROONS Now for another champion. The UP Lady Maroons were far from shoo-ins into the Premier Volleyball League Collegiate Conference Final Four. After a slow start to the elimination round, the Diliman-based squad was able to get things going, securing the fourth seed to face the top-ranked Adamson Lady Falcons in the semis.  Facing a twice-to-beat disdvantage, the Lady Maroons flexed their rediscovered depth, especially after feisty middle Marian Buitre found her touch. Conference MVP and eventual Finals MVP Isa Molde also made a case as a legitimate star as UP stunned Adamson. Facing the UAAP season 80 Finalists FEU Lady Tamaraws, UP leaned on its unparalleled chemistry and communication to defeat FEU in two hard-fought, five-set matches. The Lady Maroons also bagged gold in a rival tournament, beating out another UAAP powerhouse in UST. Come UAAP Season 81, the Lady Maroons are set to prove their preseason victories are no fluke.    NU BULLDOGS With a chip on their shoulder, wanting to regain UAAP men's volleyball supremacy, the NU Bulldogs did everything they could to dethrone reigning three-time defending champs Ateneo Blue Eagles in Season 80. NU waltzed their way through the double round robin elimination round and made quick work of UST in the Final Four to book a ticket to the finals. However, the same road block, the Blue Eagles were there, with five-time MVP Marck Espejo just fresh off from his record-setting 55-point explosion to oust  twice-to-beat FEU in the Final Four.  Using their strong net defense and efficient reception, the Bulldogs swept Ateneo in the best-of-three Finals series. Finals MVP Bryan Bagunas led the offensive attack in the clincher with 22 points, as NU's famed floor defense frustrated the graduating Espejo and hand them their first loss in the championship series in three years.   FEU LADY TAMARAWS The UAAP Season 80 women's volleyball tournament was arguably the most exciting in recent memory. It was open-ended, every game oozed excitement as the unlikliest of results would come out here and there. Two-time defending champs De La Salle Lady Spikers still were the favored ones in the course of the eliminations, but suffered some shocking losses, including a four-set disappointment over Adamson. Being the other Finals contender was a quandary, but the FEU Lady Tamaraws led the charge and rose to the occasion, depriving Ateneo of a Finals appearance. Led by none other than Bernadeth Pons, and excellent play from their frontline, FEU advanced to the Finals for the first time in nine years, ironically also against the Ramil de Jesus-led squad. Many things had changed then, but La Salle showed why they were the reigning Queens of the UAAP, sweeping the Lady Tamaraws in two hard-fought contests.   UP FIGHTING MAROONS After an encouraging run in the UAAP season 80 men's basketball tournament, the UP Fighting Maroons put the league on notice in season 81.  Led by captain Paul Desiderio, super sophomore Juan Gomez de Liano, and Nigerian reinforcement Bright Akhuetie, the Fighting Maroons had to fight through a sluggish start. All things changed when head coach Bo Perasol decided to bring Juan off the bench to inject much-needed energy to the second unit. Juan would lead the league in assists as he guided UP's offense masterfully, carrying them to a historic Final Four return after a 21-year absence. That may already be a victory worth celebrating for UP, but the Fighting Maroons brought the fight in the Final Four as the third-seeded team facing no. 2 Adamson. In what would eventually be one of the most exciting Final Four series in recent UAAP history, UP would upset the Soaring Falcons in two games to book a Finals berth against Ateneo, where the Fighting Maroons bowed out. Still, what a run it was. And UP looks primed to be even more dangerous next season.   ATENEO LADY EAGLES There were uncertainty on how the Ateneo Lady Eagles would fare after coach Tai Bundit left the team in UAAP Season 80.  Blue Eagles mentor Oliver Almadro was tapped to oversee the team after Bundit's reign, with the PVL Open Conference being his first real challenge, calling the shots for Ateneo-Motolite.  Veterans Bea de Leon and Maddie Madayag did the heavy lifting for the team, but rookie sensations Vanessa Gandler, Jaja Maraguinot, Isabela Peralta, Samantha Fanger, and Erika Raagas provided their worth for the team. Almadro's unique style of motivation was also key in providing the spark for his team, providing some quotable lines from his timeouts showed around the world. Qualifying to the Final Four, Ateneo had their hands full against the veteran-laden BanKo-Perlas Spikers, who featured some former Lady Eagles. Down 0-1 in the series and had their backs against the wall in Game 3 down 0-2, the Lady Eagles mounted a massive comeback, stunning the Perlas Spikers in five sets and booking a dream Finals matchup against the Creamline Cool Smashers. However, it was not meant to be as they firepower of the Cool Smashers behind season MVP Alyssa Valdez proved to the difference as Creamline swept the Lady Eagles to clinch the Open Conference plum......»»

Category: sportsSource:  abscbnRelated NewsDec 24th, 2018

Remittances from overseas Filipino workers in Middle East down

Cash remittances from millions of overseas Filipino workers in the Middle East are down by $1 billion or P53 billion, Leyte Rep. Henry Ong said yesterday......»»

Category: newsSource:  philstarRelated NewsDec 20th, 2018

Nets hold off Lakers to extend winning streak to 6 games

By Brian Mahoney, Associated Press NEW YORK (AP) — D'Angelo Russell had 22 points and a career high-tying 13 assists against his former team, and the Brooklyn Nets ran the NBA's longest winning streak to six games by beating the Los Angeles Lakers 115-110 on Tuesday night (Wednesday, PHL time). Joe Harris added 19 points and Spencer Dinwiddie scored 18 for the Nets, who last won six in a row from March 25 to April 3, 2015. Rondae Hollis-Jefferson finished with 17 points and Jared Dudley made some big baskets down the stretch to score 13. LeBron James bounced back from his lowest-scoring game of the season with 36 points, 13 rebounds and eight assists, but the Lakers finished 1-3 on their road trip. Kyle Kuzma had 22 points and 11 rebounds, while Lonzo Ball scored 23 points. Brooklyn continued its recovery from an eight-game skid by holding on in front of a loud, large crowd that alternated cheering when the Lakers seized the momentum and when the Nets regained it. Brooklyn led 100-87 with 7.5 minutes to play before back-to-back three-pointers by Kuzma and Ball made it 100-93. James then scored inside, blocked a shot on the other end and scored again, capping a 10-0 run. Dudley and Dinwiddie answered with drives, and Dudley hit two more baskets to settle the Nets before Russell's three-pointer made it 113-107 with 22 seconds remaining. D'Angelo Russell's trey to put the @BrooklynNets ahead for good! 🔥🔥#WeGoHard pic.twitter.com/L9Q71Uclnh — NBA (@NBA) December 19, 2018 The Nets had scored 70 points in the first halves of their last two games, and were almost on pace in this one after taking a 33-32 lead after one quarter. They trailed by five with under three minutes left in the half before a 13-3 finishing surge for a 62-57 lead. Brooklyn then used a 12-0 run to turn a two-point edge into its largest lead, going ahead 79-65 on Hollis-Jefferson's three-point play with 7:27 remaining in the third quarter. The Lakers trimmed it to five late in the period on a three-pointer by James and the Nets led 90-83 going to the fourth. James was limited to 13 points on 5-of-16 shooting in a loss to Washington on Sunday and things started rough for him in this one, as Jarrett Allen denied his attempt at a dunk with a sensational block on his first attempt. James was called for traveling the next time he had the ball before finding his groove. TIP-INS Lakers: JaVale McGee missed his second straight game with flu-like symptoms. ... The Lakers were 5-of-6 from three-point range in the first quarter, with Ball going 3-of-3. Then they went 1-for-10 in the second. Nets: G Allen Crabbe missed his third straight game because of a sore right knee. ... The Nets snapped an eight-game skid against West teams with their first win since Nov. 9 (Nov. 10, PHL time) at Denver. HELP ON THE WAY Rajon Rondo (right hand surgery) and Brandon Ingram (sprained left ankle) were recalled from the South Bay Lakers, where they were on rehab assignments. Coach Luke Walton said Ingram was still limited at practice Tuesday (Wednesday, PHL time) but Rondo wasn't, adding the hope was that both could go full speed when  they rejoin the Lakers in practice on Thursday (Friday, PHL time). Rondo has missed 17 games and Ingram has sat out seven. SINGING STRUGGLES British singer and actress Cynthia Erivo struggled through her performance of the national anthem. She appeared to forget the words at one point and stopped singing. After pausing to refocus, she began again from the start of the song, got a word wrong and then skipped a couple of lines. But the crowd was supportive of her strong finish and gave her a nice ovation afterward. UP NEXT Lakers: Host New Orleans on Friday (Saturday, PHL time). Nets: Visit Chicago on Wednesday (Thursday, PHL time)......»»

Category: sportsSource:  abscbnRelated NewsDec 19th, 2018

THROWBACK: Top PBA rookie draft picks through the years

After 33 years, the tradition of PBA teams selecting promising players from the amateur ranks, patterned after the NBA draft process, heralded a balanced influx of talent to even out the league’s competitiveness. But what makes the draft process interesting is the choice of the number 1 pick, who is considered the most in-demand player seen to bolster the chances of the worst performing or a newly established team in the PBA. With Columbian Dyip’s selection of Lyceum stalwart CJ Perez as the number one pick in the 2018 PBA Draft,  let’s look back at the top draft picks through the years, from its beginnings in 1985 to the controversial selection last year, and how they made their mark in the league. 1985 – Sonny Cabatu Sonny Cabatu was the PBA’s first-ever number one draft pick, selected by the expansion club Shell Azodrin Bugbusters, which took over the Crispa Redmanizers franchise. An intense bruiser inside the paint, Cabatu was Shell’s starting center known as “Mr. Quality Minutes.” He would then play for Great Taste, Purefoods, Sarsi, and Ginebra in a respectable career. 1986 – Rey Cuenco A member of the guest Northern Cement Corp. (NCC) team coached by Ron Jacobs that played in the pro league’s 1984 season, Rey Cuenco was picked in the 1986 draft by another new, expansion ballclub Alaska Milkmen to lead their charge.  His pro playing career blossomed from 1989 to 1992 under the tutelage of Ginebra playing coach Robert Jaworski. In 1990, he was adjudged the Most Improved Player and part of the Mythical Second Team. He also became a member of the Big J-coached, first all-Filipino, all-professional “Dream Team” in the 1990 Asian Games in Beijing that won a silver medal for the country with Allan Caidic, Samboy Lim, Benjie Paras and Ramon Fernandez among others. 1987 – Allan Caidic Considered the greatest Filipino basketball marksman ever, Allan Caidic was already a big name before he strutted into the PBA. Having won titles for the UE Red Warriors and among the top players of the Ron Jacobs-mentored national team, the Triggerman was definitely one big prized addition for any team. And Great Taste, having the privilege of selecting first in 1987, made Caidic a hands-down choice. He would later suit up for San Miguel Beer and Ginebra San Miguel in a storied career. He had since become a PBA Hall of Famer and among the Top 25 Greatest Players of All Time. 1988 – Jack Tanuan A vital cog of the FEU Tamaraws and a member of the 1986 Seoul Asian Games squad that took home the bronze, Jack Tanuan was a feared scorer who made a living with his inside game. It was no surprise that new franchise Purefoods selected him as their top pick in 1988, in addition to other direct hires from the amateur ranks that formed their strong core—Alvin Patrimonio, Jerry Codinera, Jojo Lastimosa and Glenn Capacio—on top of having the Franchise, Mon Fernandez, as playing coach. He would later play for the Sarsi, Swift and Pop Cola teams under the RFM franchise, and later on for Sta. Lucia, Mobiline, and Alaska. 1989 – Benjie Paras It was the year of Benjie Paras, a valiant, hardworking center called “The Tower of Power,” who led the UP Maroons to its historic 1986 UAAP title. After being selected by Shell as the number one pick in the 1989 draft, Paras would achieve the impossible of being both the league MVP and Rookie of the Year, while being named to the Mythical Five. Paras along with fellow Hall of Famers Ronnie Magsanoc and long-time import Bobby Ray Parks Sr. became the triumvirate that led Shell to the First Conference championships in 1990 and 1992. And, even with the onset of Fil-foreign players in the PBA, Paras remained dominant and won his second MVP plum in 1999. 1990 – Peter Jao Peter Jao was the first Cebuano player to be drafted as a rookie top pick in the league, selected by Presto Tivoli. He would then become a member of Presto’s champion team in the 1990 All-Filipino conference with Allan Caidic and Gerry Esplana. 1991 – Alex Araneta The former Ateneo Blue Eagle suited up for Alaska Air Force/Milkmen until 1995, after which he was hired in the company as a management trainee, eventually becoming one of Alaska Milk Corp.’s sales managers. Of Alaska’s 14 championships in the league, Araneta was a veteran of 2 of them (1991 Third Conference and 1994 Governors’ Cup). 1992 – Vergel Meneses An ex-seminarian who became among the PBA’s Top 40 Greatest Players, the “Aerial Voyager” was known for his show-stopping moves and is considered among the best one-on-one players. The former JRU Heavy Bomber and 1995 PBA MVP was also a member of the all-pro Centennial Team coached by Tim Cone that won the William Jones Cup in Taipei and placed 3rd in the 1998 Asian Games in Bangkok. 1993 – Zandro Limpot After his years as a King Archer for De La Salle, Zandro Limpot entered the 1993 draft and was chosen first overall by the expansion ballclub Sta. Lucia Realtors.  Limpot was named Rookie Of The Year that season as well as reaping All-Star, Mythical Second Team and All-Defensive Team honors. Limpot won his first and only PBA championship (2006 Philippine Cup) with the Purefoods Chunkee Giants. 1994 – Noli Locsin Another former Green Archer, Noli Locsin was picked by Tondeña 65 as the league’s top draft pick in 1994. He became a 4-time PBA All-Star (1994, 1995, 1996, 1999) in a high-flying career with Ginebra. Bacolod-born Locsin was famous for his barrelling game before the arrival of Filipino-Americans in the PBA. Spent 6 seasons with the Ginebra San Miguel franchise; won the 1997 Commissioner’s Cup with Jaworski as coach. He later suited up for Pop Cola, Tanduay, Red Bull, Talk ‘N Text and Sta. Lucia. 1995 – Dennis Espino After leading the UST Growling Tigers to their monumental four-peat, Dennis Espino would later bring his winning ways to the PBA. Sta. Lucia got the first crack at the 1995 draft and picked him first overall to form a menacing one-two punch with Zandro Limpot, and later with Marlou Aquino. He had a sterling career with Sta. Lucia for 15 years and yielded the following achievements:  4-time PBA All-Star, 2-time All-Defensive Team, 2-time Mythical First Team, 2004-05 Defensive Player of the Year and 2007-08 Philippine Cup Finals MVP. He won the 2001 Governors’ Cup and the 2007-08 Philippine Cup for Sta. Lucia. 1996 – Marlou Aquino Picked by Gordon’s Gin as first overall in the 1996 draft, Marlou Aquino had an exceptional maiden year gave him Rookie of the Year, Defensive Player of the Year, Best Player of the Conference (1996 Governors’ Cup), Mythical First Team, All-Star and All-Defensive Team honors. He also became the second Ginebra player (after Dondon Ampalayo in 1986) to win the Rookie of the Year award.  Aquino then was part of Gordon Gin’s 1997 Commissioner’s Cup and Sta. Lucia Realty’s 2001 Governors’ Cup championship teams.  1997 – Andy Seigle The first Fil-Am top pick, chosen by Mobiline in 1997, Andy Seigle won Rookie of the Year and was part of the 1999 All-Star Game. The Scranton, Pennsylvania native was twice a member of the National Team in the 1998 and 2002 Asian Games and was one of the most dominant and best defensive players in the 1990’s era. 1998 – Danny Ildefonso  Danny Ildefonso was picked by San Miguel Beer first overall in 1998, the year he also won Rookie of the Year. One of only four pro players to win back-to-back MVP awards (2000 and 2001), Ildefonso had a prolific 15-year career with the San Miguel ballclub with 8 championships (1999 and 2000 Commissioner’s Cups;  1999, 2000 and 2011 Governors’ Cups; 2001 All-Filipino; 2005 and 2009 Fiesta Cups). He is among the PBA’s Top 40 Greatest Players. 1999 – Sonny Alvarado Selected by Tanduay as its top pick in the 1999 Draft, Sonny Alvarado was poised to dominate the league as a gritty Fil-Am all-around player. He was however embroiled in the “Fil-Sham” controversy, that revealed that he had filed two alleged birth certificates of his mother when he applied for the draft. This prompted immigration officials to initiate deportation measures against Alvarado because of such failure to directly prove his Filipino parental links. 2000 – Paolo Mendoza Paolo Mendoza was a hot-shooting guard who led the UP Fighting Maroons to two Final Four appearances from 1996-1997. He then applied for the 2000 draft and was chosen the overall first pick by Sta. Lucia Realty. Together with Dennis Espino and Marlou Aquino, Mendoza was one of the main factors behind the 2001 Governor’s Cup title win of the Realtors. 2001 – Willie Miller The diminutive Willie Miller is considered the first player from the PBA’s rival league, Metropolitan Basketball Association, to become the top overall pick in a PBA Rookie Draft, in which he was selected by the Batang Red Bull Thunder. He was part of three teams that copped PBA titles—Red Bull (2001 and 2002 Commissioner’s Cup), Alaska (2007 Fiesta Cup), and Talk ‘N Text (2015 Commissioner’s Cup). His career highlights in his 15 years in the PBA were 2-time MVP (2002 and 2007), 2-time Finals MVP, 9-time All-Star,  3-time Mythical First Team member, and 2014 Sportsmanship Awardee. 2002 – Yancy de Ocampo The “Post-Man” as he is called, Yancy de Ocampo is a shifty, reliable center who delivers the goods at crunch time. He was the number one draft pick in 2002 by the FedEx Express. He was part of several champion teams, namely Talk ‘N Text, BMeg Llamados, San Mig Coffee and eventually San Miguel Beer. 2003 – Mike Cortez The “Cool Cat” Mike Cortez, a former La Salle standout, brought his court savviness to the PBA after Alaska picked him first overall in the 2003 draft by and immediately went to work. Cortez helped the Aces win the Reinforced Conference that year. He would then move on to San Miguel Beer, and was part of a hefty push to win the 2007 and 2009 Fiesta Conferences. A journeyman in his 15-year PNA career, Cortez currently plays for the Blackwater Elite. 2004 – Rich Alvarez The Japan-born and U.S.-raised Rich Alvarez had a blast on his maiden year with Shell, which selected him first overall in the 2004 draft, collecting Rookie of the Year, All-Star, All-Defensive Team and All-Rookie Team honors. Played for 13 seasons in 8 different teams, Rich was successful in winning 4 championships with the TNT Tropang Texters (2010-11, 2011-12, 2012-13 Philippine Cups and 2011 Commissioner’s Cup) 2005 – Anthony "Jay" Washington This Zambales-born journeyman was first chosen by Air21 in the 2005 draft then traded to Talk ‘N Text. But his stint with San Miguel Beer made him flourish with two titles in the 2009 Fiesta Conference and the 2011 Governors Cup. He would return to the TNT Tropang Texters and help the, win the 2015 Commissioner’s Cup. He currently plays for the Rain or Shine Elastopainters. 2006 – Kelly Williams Picked first overall by Sta. Lucia Realty in 2006, Kelly Williams immediately made his presence felt that year bagging Rookie of the Year and All-Rookie Team honors. He first won a championship with Sta. Lucia in the 2007-08 Philippine Cup and would then lead his present ballclub, the TNT Tropang Texters to five championships, notably the three-peat Philippine Cups from 2010 to 2012, and the 2011 and 2015 Commissioners’ Cups. 2007 – Joe Devance While it was Welcoat that originally drafted Joe Devance as the first pick overall in the 2007 draft, he would earn the distinction of being the league’s winningest coach Tim Cone’s most trusted trooper. Devance has won nine championships with Cone as his coach, starting with Alaska (2010 Fiesta Cup), B-Meg/San Mig Coffee (2012 and 2014 Commissioner’s Cup, 2013 and 2014 Governors’ Cup and Philippine Cup); and currently, Ginebra San Miguel (2016 and 2017 Governors’ Cup, and 2018 Commissioners’ Cup).  2008 – Gabe Norwood Chosen by the only team has played for up to now, the Rain or Shine Elastopainters, as its number one draft pick in 2008, Gabe Norwood would then etch a rich career with his ballclub, having won 2 championships (2012 Governors’ Cup, 2016 Commissioner’s Cup). He had also notched numerous awards, including Rookie of the Year, Defensive Player of the Year, and was part of the All Star Game nine times, and the All-Defensive Team six times.  2009 – Japeth Aguilar   “Jumpin’ Japeth” starred for the Ateneo Blue Eagles for two years then moved to the Western Kentucky University Hilltoppers during his university years.  In 2009, Aguilar was selected by Burger King and only played one game with the Whoppers, after which he was traded to Talk `N Text.  Japeth has become a Team Gilas mainstay since the beginning of his pro career, of which the Philippines’ participation in the 2014 FIBA World Cup in Spain became one of his national team career highlights. 2010 – Nonoy Baclao   “Mr. Swat” was among the vital cogs of the Ateneo Blue Eagles’ back-to-back UAAP men’s basketball championships in 2008 and 2009. After college, Baclao led the Philippine Patriots as the inaugural champion of the 2009-10 Asean Basketball League (ABL) season prior to entering the PBA rookie draft. In 2010, Nonoy was selected by Air21 then he was traded to Petron (San Miguel) where he had one championship in his sophomore year in the league.  2011 – JVee Casio  The former De La Salle Green Archer playmaker who was Rookie of the Year (2003), Finals Co-MVP (2007) and Mythical Five member (2007 & 2008) in the UAAP was a Gilas pioneer before deciding to turn pro in 2011. By far Casio “G-Shock” is the shortest among the active PBA players to have been picked first overall by the Powerade Tigers. JVee was traded to Alaska Aces in 2012 and has since then became a mainstay in the team which he helped win the Commissioner’s Cup title in 2013. 2012 – June Mar Fajardo  The burly Cebuano was star center at the University of Cebu of which he steered to back-to-back titles in 2010 and 2011 at the CESAFI league. “The Kraken” has played for only one team throughout his pro career in the Asean Basketball League (ABL) and the PBA – San Miguel. As one big reason to “Fear the Beer,” Fajardo gave San Miguel six championships to date and became the first and only PBA player to win the MVP award in four straight seasons (2014, 2015, 2016, 2017).  2013 – Greg Slaughter  “GregZilla” stomped rivals with his huge presence when he helped lead the Ateneo Blue Eagles to two consecutive UAAP championships in 2011 and 2012 -- completing a five-peat for the Loyola Heights squad. Picked by Barangay Ginebra in 2013, Slaughter got his pro career to a fast start with ROY and All-Rookie Team honors. He won 3 championships under coach Tim Cone (2016 and 2017 Governors’ Cups; 2018 Commissioner’s Cup). He also saw action for the first time with Gilas this year in the 2019 FIBA World Cup Asian Qualifiers. 2014 – Stanley Pringle  Drafted by NorthPort Batang Pier, “The Beard” exploded into the local basketball scene with Rookie of the Year and All-Rookie team honors, after stints with Belgium, Poland, Ukraine and Indonesia ballclubs.  A 4-time All-Star (2015, 2016, 2017, 2018), Pringle is considered among the best guards and high scorers in the play-for-pay league, gaining raves from other coaches and close followers of the sport.   2015 – Moala Tautuaa  He applied and went undrafted in the 2012 NBA draft, then moved to Asia to resume his basketball career by playing as an import for the Westsports Malaysia Dragons in the ABL.  After which, the Fil-Tongan made the “Big Mo(ve)” to the Philippines and spent a fruitful season with the D-League, ending up as its 2015 Foundation Cup MVP.  Talk N` Text selected Tautuaa as overall pick of the first round but traded him later on to NorthPort Batang Pier in 2018. 2016 – Raphael Banal  Since the first round of the 2016 PBA draft was dedicated to PBA teams choosing Gilas Pilipinas players to join their ranks, the regular draft started in the second round. Here, the Blackwater Elite chose as its first pick Raphael Banal, a contemporary of Kiefer Ravena and Von Pessumal in the Ateneo Blue Eaglets juniors team who went to the Hope International University-California for college.  His surname rings a bell, being the youngest child of former PBA player and TNT coach (2003 All-Filipino Conference champion) Joel Banal.  Yet “Ael” held his own in the PBA D-League for two conferences with Racal Motors.  2017 – Christian Standhardinger  The American-schooled Fil-German played in the ProA and Basketball Bundesliga tournaments in Germany as well with Hong Kong Eastern in the ABL.  Although he was selected by San Miguel Beer in the overall draft of 2017 in a controversial trade with Kia Picanto, the rightful owner of the number one pick, Standhardinger joined the Beermen in the 2018 Commissioner’s Cup after completing his ABL tour of duty.  .....»»

Category: sportsSource:  abscbnRelated NewsDec 18th, 2018

Remittances up 8% to $2.76 billion in October

Personal and cash remittances booked their fastest growth in six months, rising by at least eight percent in October as overseas Filipinos continued to send more money to their loved ones in the Philippines ahead of the Christmas holidays, the Bangko Sentral ng Pilipinas (BSP) reported yesterday......»»

Category: financeSource:  philstarRelated NewsDec 18th, 2018

Overseas Filipinos’ cash remittances (October 2018)

MONEY sent home by overseas Filipino workers (OFWs) grew by its fastest clip in six months in October, according to data the Bangko Sentral ng Pilipinas (BSP) released on Monday, prompting analysts to expect household spending that fuels overall economic growth but whose growth has slowed lately to have picked up this quarter. Read the […].....»»

Category: newsSource:  bworldonlineRelated NewsDec 17th, 2018

Commissioner Bernie Sumayao comments on Davao Aguilas exit, state of Philippine Premier League

Not even a month into his new job as the commissioner of the Philippine Premier League (PPL) - the Philippine football club league that will take the place of the Philippines Football League or PFL - Bernie Sumayao is already facing some challenges, the latest being the folding of the Davao Aguilas FC Football club.  It was reported in early December that the Davao-based club, which features Azkals stars Phil and James Younghusband among others, would be withdrawing from the newly-rebranded club league.  Sumayao stated that he had recieved and accepted Davao's request for withdrawal. “I have been informed about the withdrawal of the Davao Aguilas, and have received it with a heavy heart. When an important team departs the league, it is always a cause of concern." Davao finished second-runners up in the 2018 PFL tournament, behind only Kaya FC-Iloilo and two-time champions Ceres-Negros FC. With Davao's exit however, Sumayao shared that there are those that are interested in participating in the PPL.  "However, we have also been approached by a number of teams that have expressed strong interest in joining the PPL. We are currently evaluating the merits of each applicant." Sumayao continued by saying that he knew exactly what he was getting into by taking over the Philippine club football scene.  "When I first approached the PFF about taking over the reins of the Philippine Football League, I knew about the difficult challenges that it was facing. I felt, like most football fans, that the league was at a crossroads. There was no revenue being generated, no national sponsorship, no TV media, limited attendance at the stadiums, numerous restrictions being enforced on fan activity inside the stadiums, and many more factors that would have challenged the very existence of the league." "I knew there was no 'quick fix', and that the road to recovery will take some time. I also knew that in order to get back on track, we have to have a more professional and structured approach to operating the league. Most importantly, the league needs to take very good care and listen intently to the concerns of its stakeholders – the Federation, the owners of the teams, the players, and most importantly, the fans. The fans are the fuel that drives the engine. Without the fans, even the most organized league will never survive,” he continued.  Sumayao then went on to elaborate what he believes is necessary for the PPL to prosper in the country.  "The league will only prosper when we start to understand and implement the concepts of discipline, accountability, responsibility, and unity. These are not merely words, but are a way of life and the path to success. I have stepped in at a very difficult time. It was either witness the decline of Philippine pro football as a distant observer, or start working and do something about it. I chose to do something about it. I also believed that the league should be a concerted effort of the teams that participate in it. This is where it becomes important to have a unified stance, strength in numbers. Where politics need to give way to discipline and compassion. In order for the league to prosper, the team owners must also be able to make sense of the financial burden it has to undertake and somehow find a way to recover their investments. It must have the help and support to generate its own revenue, which will lead to financial independence. All of this will take time, but we need to start now. It all starts with a small step with all stakeholders moving in the same direction.” Finally, Sumayao clarified that the PPL is in no means a reincarnation of its predecessors, but instead a whole new entity that is fully focused on brining club football to an elite level in the Philippines.  “The PPL is not a reincarnation of the UFL, PFL or any other previous leagues. It is a new, neutral, independent league whose main objective is to contribute to the development of football in the country. It is also the gateway to the AFC Champions League and the AFC Cup. We are not here for the money nor the glory. We have no political or opportunistic hidden agendas. We are here to work for the country. That is why I have always been appealing, especially to the many frustrated fans, to stay positive and never give up hope. Change is never easy. But it is a catalyst of progress. So I am appealing to all the stakeholders of football in the Philippines to support change and adapt. Let us move past all the criticisms and negativity and embrace change in the pursuit of progress and stability.” “The PPL will soon actively engage in news dissemination, give periodic updates about its plans on the development of the league, and conduct regular communication exchanges for fans on social media. See you all at the PPL kick-off on March 2019," Sumayao concluded.   .....»»

Category: sportsSource:  abscbnRelated NewsDec 17th, 2018

Catriona Gray: Filipinas are one in a billion – Manila Video

On December 17, Miss Universe Philippines 2018 Catriona Gray is expected to slay her way to the crown. The universe is yet to witness another showcase of beauty and confidence with Catriona’s now famous slow-mo turn and lava walk. But more than her runway skills, MBody asks: What makes a Filipina strong? Hear it from… link: Catriona Gray: Filipinas are one in a billion – Manila Video.....»»

Category: newsSource:  manilainformerRelated NewsDec 15th, 2018

PBA: Lee drills game winner as Hotshots take crucial 3-2 lead

Leethal weapon indeed. Paul Lee drilled the game winner Friday as the Magnolia Hotshots survived the Alaska Aces, 79-78, in Game 5 of the 2018 PBA Governors' Cup Finals at the Big Dome. Down one with 11 seconds to go, Romeo Travis was blocked by Best Import Mike Harris on his way to the basket. Fortunately for Magnolia, Lee picked up the loose ball and calmly drilled an open baseline jumper for a 79-78 lead with 1.3 seconds to go. Travis then stopped Harris on a fadeaway in Alaska's final possession and the Hotshots moved on to one win away from the title after taking a crucial 3-2 lead. "Aatakihin ako sa puso," head coach Chito Victolero said with a sigh of relief post-game. "It was a great game, one of the classics in terms of the PBA Finals. I want to commend my players for their mental toughness. We are tired but it was all about heart," he added. Magnolia was up eight, 74-66, with less than five minutes to go. However, the Aces would slowly pick up steam and would score 10 straight to take over, 76-74, in the final 1:17. The Hotshtos were in trouble late too but Lee managed to stop a 3-on-1 Alaska break before finding Ian Sangalang for a crucial and-one play with 18 seconds left for a 77-76 Magnolia lead. Alaska would answer back via two Mike Harris free throws, setting up the final Magnolia play that ended with Lee's clutch jumper. Before the wild fourth quarter, Magnolia dominated the first half, leading by as many as 17 points, 51-34, behind a strong second quarter. Alaska would quickly respond to start the second half, firing a 20-2 run for a 60-55 lead in the third period. Sangalang led the Hotshots with 20 points followed by Mark Barroca with 14. Jio Jalalon added 13 in a big bounce back game. Lee finished with 11 points and his game-winner was being his only basket in the second half. For the Aces, Mike Harris led the way with 26 points. Game 6 is set for Wednesday at Ynares Antipolo.   The Scores: MAGNOLIA 79 -- Sangalang 20, Barroca 14, Jalalon 13, Lee 11, Travis 10, Herndon 6, Dela Rosa 4, Reavis 1, Melton 0, Brondial 0, Simon 0. ALASKA 78 -- Harris 28, Enciso 13, Racal 13, Pascual 6, Exciminiano 5, Cruz 4, Banchero 3, Casio 2, Teng 2, Manuel 2, Baclao 0, Galliguez 0. Quarters: 29-28, 53-40, 65-62, 79-78.   --- Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsDec 14th, 2018

PBA: Clutch Paul Lee shows up on both ends to save Magnolia s title chances

Magnolia was on the brink of an epic Finals collapse. The Hotshots have lost all of their 17-point lead in Game 5 of the 2018 PBA Governors' Cup Finals and Romeo Travis' strong drive for a go-ahead layup was emphatically denied by Best Import Mike Harris. Alaska's Kevin Racal has dived for the loose ball but somehow, someway, Paul Lee managed to snag the leather and dribble his way to an open baseline. Lee, the newly-awarded PBA Best Player of the Conference, shot a mid-range jumper in rhythm. He swished it and gave the Hotshots a 79-78 lead with 1.3 seconds to go. It was his only score in the second half as he finished with 11 points and 10 rebounds. Magnolia would go on and win, taking a crucial 3-2 lead in the Finals. "I took the chance eh, kasi wala na eh down kami. Yung small details na ganun, yung mga 50-50 ball, yun yung mga nagpapanalo ng laro. Nakuha and then na-convert ko, so it gave us a win," Lee said on his series-defining save. "Struggle ako buong series offensively, pero yung coaching staff and the whole team, lagi nila sinasabi na next shot, next shot, papasok din yan. Tinira ko lang, luckily yung timing maganda siya. Sobrang bait talaga ni Lord alam mo yun? Sa kanila na eh, tapos ganun yung naging end nung game. Wala na akong hiling, napaka-gandang panalo nun," he added on his version of The Shot. A couple of plays before, Lee had another brilliant save that helped set up Game 5's wild finish. Down two, Lee managed to stop a 3-on-1 Alaska break before finding Ian Sangalang on the other end for a game-turning three-point play. That play gave Magnolia a 77-76 lead with 18 seconds to go. "I won't give up in any play, hanggang walang pito or di stop yung game. Yun naman tinuro samin from the start, hanggang di pumipito or walang deadball, tuluy-tuloy lang," Lee said. "Ayun nag-end up sa magandang play pa ganun lang yung mentality namin," he added. With Game 6 on the horizon, Lee knows it's going to be doubly hard and he wants the Hotshots to try and stay sharp. A title is on the line after all. "It's gonna be hard next game, yun yung pinaka mahirap na game. We need to prepare and of course wag namin kalimutan na mag-enjoy din sa laro," Lee said.   --- Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsDec 14th, 2018

World Bank projects growth in remittances to PH slowing to 2.8%

The Philippines is expected to remain among the biggest destinations of remittance flows this year even as the World Bank projected slower growth due to the repatriation of overseas Filipino workers (OFWs) from the Middle East.   In its December 2018 Migration and Remittances: Recent Developments and Outlook report, the Washington-based multilateral lender said the top remittance-receiving countries would be India ($79.5 billion), China ($67.4 billion), the Philippines and Mexico (both $33.7 billion), Egypt ($25.7 billion), and Nigeria ($25.1 billion).   Also among the 10 countries seen receiving the largest remittance flows in 2018 were Pakistan ($20.9 billion), Uk...Keep on reading: World Bank projects growth in remittances to PH slowing to 2.8%.....»»

Category: newsSource:  inquirerRelated NewsDec 14th, 2018

Reenacted budget in 2019 to push up to 400K Filipinos into poverty

Reenacting the 2018 national budget for next year will not only slow down economic growth as government spending gets reduced, but also lead to job losses and push hundreds of thousands to poverty. Department of Budget and Management (DBM) estimates showed that expenditures in 2019 will be cut by a total of P219.8 billion if a reenacted budget would be spent instead of passing the proposed P3.757-trillion cash-based appropriations. In particular, disbursements for personnel services will be reduced by P54.4 billion; maintenance and other operating expenses (MOOE) by P14.3 billion; subsidies by P28.3 billion; and capital outlays by P122.9 billion. Based on estimates of the st...Keep on reading: Reenacted budget in 2019 to push up to 400K Filipinos into poverty.....»»

Category: newsSource:  inquirerRelated NewsDec 10th, 2018