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Personal Remittances for the First 11 Months of 2017 Reach US$28.2 Billion

Personal remittances from Overseas Filipinos (OFs) reached US$2.5 billion in November 2017, 3.2 percent higher than the level posted in the same month in 2016. This brought the cumulative remittances for the first 11 months of 2017 to US$28.2 billion, representing a year-on-year growth of 5.1 percent, BSP Governor Nestor A. Espenilla, Jr. The growth […].....»»

Category: newsSource: metrocebu metrocebuJan 20th, 2018

Personal Remittances for the First 11 Months of 2017 Reach US$28.2 Billion

Personal remittances from Overseas Filipinos (OFs) reached US$2.5 billion in November 2017, 3.2 percent higher than the level posted in the same month in 2016. This brought the cumulative remittances for the first 11 months of 2017 to US$28.2 billion, representing a year-on-year growth of 5.1 percent, BSP Governor Nestor A. Espenilla, Jr. The growth […].....»»

Category: newsSource:  metrocebuRelated NewsJan 20th, 2018

PERSONAL REMITTANCES CLIMB TO US$19.5 BILLION IN THE FIRST EIGHT MONTHS OF 2016

Overseas Filipinos’ (OFs) personal remittances in August 2016 increased by 16 percent year-onyear to reach US$2.6 billion, Bangko Sentral ng Pilipinas Officer-in-Charge Nestor A. Espenilla announced today. On a year-to-year basis, personal remittan.....»»

Category: newsSource:  boholnewsdailyRelated NewsOct 19th, 2016

Remittance growth slowest in 3 months

By Melissa Luz T. Lopez Senior Reporter OVERSEAS FILIPINO workers (OFWs) sent more money home in February than a year ago even as it was the smallest increase in three months, the central bank reported on Monday. Such remittances totalled $2.267 billion for the month, up 4.5% from the $2.169-billion inflows tallied in February 2017, […] The post Remittance growth slowest in 3 months appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 16th, 2018

Remittances hit $31.2B; growth forecast topped

MONEY sent home by overseas Filipino workers (OFWs) hit a record high in December, allowing full-year growth to top the Bangko Sentral ng Pilipinas’ (BSP) forecast for 2017. Personal remittances totaled P3 billion for the month, up 7.9 percent from a year earlier. It brought the 2017 result to $31.3 billion, which was 5.3 percent… link: Remittances hit $31.2B; growth forecast topped.....»»

Category: newsSource:  manilainformerRelated NewsFeb 16th, 2018

PH remittances beat gov t target, hit record in 2017

MANILA, Philippines – Money sent home by overseas Filipino workers (OFWs) ended last year strong, resulting in all-time high remittance numbers in 2017, said the Bangko Sentral ng Pilipinas (BSP) on Thursday, February 15. Full-year personal remittances hit $31.29 billion, 5.3% higher than the $29.7 billion recorded in 2016 and ........»»

Category: newsSource:  rapplerRelated NewsFeb 15th, 2018

Promising signs from Bulls young guns

By Steve Aschburner, NBA.com In time, Zach LaVine’s return, development and eventual career arc will determine to a large extent how successful the Bulls’ Draft Night trade of Jimmy Butler to Minnesota was. For now, and until LaVine suits up this season and beyond, his value to Chicago is strictly to be determined. The two-time NBA Slam Dunk champ is back in the practice gym in his recovery from left knee (anterior cruciate ligament) surgery. Playing 1-on-1 with teammates, working out with the G-League Windy City Bulls in Chicago’s northwest suburbs and improving his timing and his conditioning, LaVine is penciled in to make his season debut before the end of 2017. Meanwhile, though, the Bulls have two other pieces to show from the Butler deal: stretch-four forward Lauri Markkanen and point guard Kris Dunn. Both have offered glimpses of what they can do and how they might fit into the team’s long-term vision that someday won’t prioritize losing. Markkanen, the lanky Finn by way of the University of Arizona, is averaging 13.8 points, 7.6 rebounds and in 30 minutes. He’s putting up 7.2 three-point shots per game and hitting 31.7 percent. His 140 attempts from the arc ranked 14th in the NBA – more than Bradley Beal (126), more than Carmelo Anthony (125) – and Markkanen’s 48 makes are the most by any player in his first 20 games. Dunn, whose disappointing 2016-17 rookie season with Minnesota essentially has gotten a reset, was at 12 ppg, 4.8 rpg and 4.2 apg after having 19 points, five rebounds and five assists in Thursday night's (Friday, PHL time) loss at Denver. The 23-year-old from Providence is shooting 43.2 percent on three-pointers (43.2 percent)  and his steal percentage of 3.8 – an estimate of the percent of opponents’ possessions ending in Dunn steals – ranked No. 1 in the NBA. Their trajectories have been somewhat different so far in 2017-18: Markkanen has been consistent while fighting through a flu bug and some road weariness, while Dunn has played his best most recently. But they’ve both contributed in ways that, aside from the Bulls’ relentless losing, suggests brighter days and in time a positive verdict on that headline-grabbing, bit-spitting trade. Markkanen: Stays cool, likes cold, shoots hot It’s fair to say that the Bulls, when they acquired Markkanen as the No. 7 selection in the Draft last June, got a sleeper. No, literally. That’s about all the 20-year-old native of Vantaa, Finland was able to do after a hectic spring leading up to the draft followed by a tortuous summer at the Las Vegas Summer League and a key role for his home country’s national team in the FIBA Eurobasket 2017 tournament. Markkanen’s single season at Arizona not only acclimated him to the American game, it earned him all-American status and a taste of the NCAA tournament before the Wildcats lost to Xavier. In the Euro competition, he averaged 19.5 points and 5.7 rebounds before heading to Chicago for an early jump on training camp. “When he came over here, he was exhausted,” Bulls coach Fred Hoiberg said. “The week before training camp was completely lost time – he needed to recharge his batteries. So, we really didn’t know what we had. He was still tired when we started camp. We didn’t throw him out there for all the drills, just as part of the process in getting his body back. “But then every time he stepped on the floor, he showed a little more.” First Markkanen demonstrated he would crack the rotation. Then – when forwards Nikola Mirotic (facial injuries) and Bobby Portis (suspension for the punch that caused them) rendered themselves unavailable two days before the season opener – Markkanen was thrust into the starting lineup. Butterflies? Rookie mistakes? Not so much. Markkanen looked almost unflappable in averaging 17.2 points and 9.3 rebounds through his first six appearances, with a high of 25 points at Miami and double-doubles against San Antonio and Atlanta. “We had to adjust our offense,” Hoiberg said, “and put in some new things to try to get him the ball in different spots on the floor, because of his versatility to score.” Justin Holiday was one of the teammates who learned quickly to get the ball more often to the tall blond guy. “He’s playing consistent, and that’s a very mature thing to do in this league,” Holiday said. “What’s maybe surprising is his confidence in shooting the ball. He’s not afraid to shoot it.” Said Markkanen, whose father Pekka lettered at Kansas before returning home to play professionally: “I’m expecting big things from myself. I think that’s what motivates me every day. Whatever I do, I’m not satisfied. So, I try to set higher goals every time I step on the court. Try to do things better. “It’s going to get harder, I know that. I’m trying to face it like any other job. Just go at it positively, fight through it, put the work in, and I think it will work itself out.” At 20 games and counting, Markkanen will soon blow by the 37 he played in college, and the workload probably has something to do with his recent production; in his five most recent games before Thursday (Friday, PHL time), he shot 25.4 percent, including 11-of-39 from the arc. He says he has adjusted from one game to the next – “I don’t want to give my scouting report, but I try to add something new and figure out what they’re going to throw at me,” he said. He even drew praise from the great LeBron James after hitting four three-pointers in the fourth quarter of a preseason game against the Cavaliers. Markkanen hasn’t been fooled by Chicago’s relatively balmy late-autumn weather and has to be one of the few NBA players to welcome winter’s chill (“I’m actually looking forward to snow”). He isn’t flinching from the Bulls’ task at hand, either, which looks longer and more laborious with each lopsided defeat. “I understand this part of a process,” said Markkanen, who would appear to be on his way to the Rising Stars Challenge game at All-Star Weekend in Los Angeles. “We’ve got a young group. We’re having tough times. ... It’s about sticking together and having everyone know that. We can’t afford to not trust or not be a good teammate.” Dunn: Pushing a personal reset button Dunn’s young career was looking a little snakebit. He suffered a concussion in the first game he played for Minnesota in the 2016 Las Vegas Summer League. This time, he had to leave the Bulls’ Vegas entry early to attend to family matters. Then the point guard got hurt in a preseason game against Milwaukee Oct. 7 (Oct. 8, PHL time), winding up with an “open dislocation” of his left index finger. All those setbacks cost Dunn valuable learning time, as far as running first the Wolves’ and then the Bulls’ attacks. He never fully recovered from it last season, sputtering through a rookie season that fell far short of his and others’ expectations. His fellow Class of 2016 draftees had voted him the most likely to snag the Rookie of the Year award, but it went instead to Milwaukee’s Malcolm Brogdon, who’d been chosen in the second round 31 spots after Dunn. This time, Dunn was out of action until Chicago’s fifth regular season game. And the delay showed in his performances: 9.8 points per game, 4.5 rebounds, 3.4 assists, and 38.6 percent shooting in his first eight games. One Bulls insider said Dunn “had a lot going on in his head” from last season’s failures, even as he tried to get traction in Chicago. Said Holiday, 28, who went undrafted and bounced through five organizations in barely three years from 2013 to 2016: “When you’re young, man, everybody’s pushing. Who knows what was going on his head? He might have been trying to be perfect. Sometimes it takes time. It’s a big role. “But he has the confidence to do it, where last year maybe he didn’t have as much confidence. All you can really do is go out and play hard, and if it works out, it works out.” Over Dunn’s past seven games before Thursday (Friday, PHL time), he was a more effective, more efficient player: 13.6 ppg, 4.9 rpg, 5.0 apg, while averaging 2.1 steals and 27.7 minutes. He had made 9-of-15 three-pointers, compared to 6-of-21 to start the season. Already in the five weeks he’s been active, he has played about 30 percent of the total minutes he got in 78 appearances for Minnesota’s Tom Thibodeau. The Bulls have been 3.6 points better when he’s been on the floor, too. That’s not enough to tip outcomes, but keep in mind the Wolves were 2.6 points worse a year ago with Dunn in the game. He played probably his best NBA game Tuesday against Phoenix, scoring 24 points on 10 of 16 shooting with eight assists, four rebounds and four steals. If not for a couple of egregious turnovers among his four, he might have agreed with Hoiberg’s “terrific” assessment. That performance came 48 hours after Dunn had scored two points and missed all six of his field-goal attempts against Miami. Hoiberg sought him out and demanded that the second-year guard play more aggressively, and Dunn proved his coach right. “He called me out,” Dunn said. “When a coach calls you out, you try to play as hard as you can. I had to get through my mind, ‘Go out and play the way I used to play. With that aggression. On defense, on offense. Try to stay down in errors as much as I can and get everybody involved.’ “I want to be an elite point guard one day and I understand, the best point guards don’t make those killer turnovers. If I want to reach my goal, I have to get better each and every day in practice, watch film and, y’know, think a little smarter when you’re playing.” Some have suggested Boston’s Marcus Smart as a legitimate comparison for Dunn, given their defensive aptitudes and challenges both face when shooting from range. Dunn is a huge fan of Smart, but believes he can be a full-service, top-notch playmaker. Mostly, he finally looks comfortable with this reset to his NBA experience. “Individually for me, it is a reset,” Dunn said. “I say this is my first year because I didn’t get too many minutes and I didn’t play the right position in Minnesota. I was a two, a three, sometimes a one. But this is my first year of [regularly] playing the point guard. As a team, we don’t have Jimmy, we don’t have [Rajon] Rondo, we don’t have Dwyane Wade, so we’re all trying to figure it out. Everybody is trying to step up and come together as a unit.” With LaVine’s debut now weeks rather than months away, the Bulls – and their skeptical fans – will be able to more fully judge the yield from that Butler trade. Two out of three so far are giving glimmers of hope. Steve Aschburner has written about the NBA since 1980. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsDec 1st, 2017

OFW remittances hit 5-mth low in Sept

Money sent home by overseas Filipino workers (OFWs) slumped to the lowest level of remittances in five months in September, the Bangko Sentral ng Pilipinas reported on Wednesday. Personal remittances dropped to $2.44 billion from $2.62 billion a year ago, down 7 percent and the smallest monthly inflow since the $2.31 billion posted in April… link: OFW remittances hit 5-mth low in Sept.....»»

Category: newsSource:  manilainformerRelated NewsNov 15th, 2017

OFW remittances hit 5-mth low in Sept

Money sent home by overseas Filipino workers (OFWs) slumped to the lowest level of remittances in five months in September, the Bangko Sentral ng Pilipinas reported on Wednesday. Personal remittances dropped to $2.44 billion from $2.62 billion a year ago, down 7 percent and the smallest monthly inflow since the $2.31 billion posted in April [...] The post OFW remittances hit 5-mth low in Sept appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 15th, 2017

URC’s net sales reach P92.4B

UNIVERSAL Robina Corp.'s net sales amounted to P92.415 billion, a 13.1 percent increase for the first nine months of 2017 as a result of strong performances of core snacking and joint ventures (J.....»»

Category: newsSource:  philippinetimesRelated NewsNov 8th, 2017
Category: newsSource:  manila_shimbunRelated NewsMar 15th, 2017

Lopez Holdings reports P2.174B net income

Lopez Holdings reported P2.174 billion in net income attributable to equity holders of the parent for the first six months of 2018. This was 23 percent higher than the P1.763 billion in net income attributable to equity holders of the parent reported in the first six months of 2017. The stable performance of the energy […].....»»

Category: newsSource:  tribuneRelated NewsAug 16th, 2018

Insurers’ premium income hits P145.7B

THE insurance industry saw premium income grow by 24.2 percent in the first half of the year with all sectors recording expansions, regulators reported on Wednesday. The Insurance Commission said total premium income hit P145.67 billion in the first six months of 2018, up from P117.29 billion during the same period in 2017. “All sectors of the insurance [...] The post Insurers’ premium income hits P145.7B appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 15th, 2018

OFW remittances hit 4-month low in June

MONEY sent home by overseas Filipino workers (OFWs) in June was the lowest in four months, a result the Bangko Sentral ng Pilipinas (BSP) said was partly due to a government repatriation program. Personal remittances, which sum up the net compensation of OFWs, personal transfers whether in cash or in kind and also capital transfers between [...] The post OFW remittances hit 4-month low in June appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 15th, 2018

Beauty buffs are driving a booming skincare industry in the UK

British women are spending more than ever on skincare, according to new research. A report from market research company Mintel has found that British women spent a whopping 1.15 billion (approximately $1.46 billion) on facial skincare in 2017, a figure that is expected to climb to 1.18 billion for 2018. By 2023, Mintel expects the industry to increase by 15 percent to reach a value of 1.36 billion (approximately $1.73 billion). Cleansing appears to be one of the main product categories driving the growth. At least 92 percent of British women currently use facial cleansers, be it face wash (55 percent), wipes (54 percent) or micellar water (27 percent). The proportion of women u...Keep on reading: Beauty buffs are driving a booming skincare industry in the UK.....»»

Category: newsSource:  inquirerRelated NewsAug 13th, 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

These tech giants are the world s top 5 in stock value

NEW YORK, USA – Apple became the first private company to exceed $1 trillion in market capitalization  Thursday, two days after reporting better-than-expected quarterly earnings. Here is a look at the world's five biggest companies by stock market value. 1) Apple, Cupertino, California Market capitalization: $1 trillion  CEO: Tim Cook 2017 Profits/Revenues: $48.4 billion/$229.2 billion Personal technology giant known ........»»

Category: newsSource:  rapplerRelated NewsAug 3rd, 2018

Consolidated financials

AYALA Corp. (AC) reported retained earnings of P176.804 billion in an unaudited consolidated financial filing as of March 31, 2018, up P6.502 billion, or 3.818 percent, from P170.302 billion as of Dec. 31, 2017. The holding company’sconsolidated net income in the first three months increased to P12.891 billion from P11.568 billion in the same period [...] The post Consolidated financials appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 2nd, 2018

Reach for your personal best only

Week 21 marks the end of the fifth month of the column’s seven-month “1st Virtual Stock Trading Contest of The Manila Times.” This obviously means that the contest will soon come to an end in the next two months. When likened to a basketball game ­— a game of both skill and chance like stock [...] The post Reach for your personal best only appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 30th, 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

Dividends from GOCCs hit P31.3 B as of mid July

Dividends remitted by state corporations to the national government have reached P31.3 billion as of July 12 this year, already exceeding the total remittances recorded for full year 2017, data from the Department of Finance (DOF) showed......»»

Category: financeSource:  philstarRelated NewsJul 22nd, 2018