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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 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

P5.3 B worth of fake goods – mostly cigarettes – seized in Q1

Most fake or counterfeit goods confiscated by the government in the first quarter of the year worth at least P5.3 billion were cigarettes and cigarette production equipment, the Intellectual Property Office of the Philippines (IPOPHL) said. In a statementon Wednesday, IPOPHL said the value of the seized goods in the first three months of the year has already reached more than half of the total value of fake goods confiscated for the entire year in 2017, which reached P8.2 billion. The spike this quarter -- a triple-digit growth from the same period last year -- was primarily attributed to the P5 billion worth ofcigarettes and cigarette production paraphernalia seized by the governm...Keep on reading: P5.3 B worth of fake goods – mostly cigarettes – seized in Q1.....»»

Category: newsSource:  inquirerRelated News1 hr. 49 min. ago

Personal Remittances Rise to $7.8-B in Q1

Personal remittances from Overseas Filipinos (OFs) reached USD7.8 billion in the first quarter of 2018, registering 1.3 percent year-on-year growth, BSP Officer-in-Charge Diwa C. Guinigundo announced today. The bulk (77.5 percent) of personal remittances was from land-based workers with work contracts of one year or more, which summed up to USD6.1 billion (growing by 0.4 […].....»»

Category: newsSource:  metrocebuRelated NewsMay 16th, 2018

Cebu Air net income surges 12% in first quarter

Cebu Air, Inc. reported its net income for the first three months of 2018 stood at P1.437 billion, a 12% surge from the P1.283 billion recorded in the same period last year. Its revenues also grew to P18.261 billion, 8.3% higher from the P16.864 billion in the first quarter of 2017. In a regulatory filing, […] The post Cebu Air net income surges 12% in first quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 15th, 2018

Approved investment pledges surge by 53% in first quarter

Approved investment pledges in the first quarter of 2018 surged by more than half from a year ago, according to the Department of Trade and Industry. Data posted on the agency’s website show that investment pledges in the January-March period reached P182.83 billion, 53.2% higher than the first three months of 2017 that logged P119.31 […] The post Approved investment pledges surge by 53% in first quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 2nd, 2018

2018 WORLD CUP: Lewandowski powers Poland revival

By Ciaran Fahey, Associated Press Poland's hopes at the World Cup depend on Robert Lewandowski. The Bayern Munich forward scored 16 goals in 10 games — a European qualifying record — to propel Poland to its first World Cup in 12 years. Lewandowski offers hope of a return to the fruitful period during the golden era in the 1970s and 1980s when Grzegorz Lato and Zbigniew Boniek were on the team and Poland played in four straight World Cups, finishing third in 1974 and 1982. Former international Adam Nawalka has crafted a hard-working cohesive unit since taking over as coach from Waldemar Fornalik in 2013. Poland was 69th in the FIFA rankings when Nawalka took over. After qualifying for the 2016 European Championship, where the team lost on penalties to eventual champion Portugal in the quarterfinals, and a strong qualifying campaign for Russia, Poland is now 10th. Here's a closer look at the Poland team: COACH Nawalka, who has never worked outside of Poland, was handed the job after the country failed to qualify for the last World Cup. He ensured qualification was never really in doubt this time, a 4-0 loss in Denmark notwithstanding, as Poland won every home game. Nawalka, who played at the 1978 World Cup for Poland, coached several Polish teams, including three stints at hometown club Wisla Krakow before leading Gornik Zabrze to promotion six months after taking over in 2010. Gornik was at the top of the Polish league standings when he took over the national team. Nawalka was also briefly an assistant to former Poland coach Leo Beenhakker during qualification for Euro 2008. GOALKEEPERS Wojciech Szczesny, now playing for Juventus as an understudy to Gianluigi Buffon, started Euro 2016 but missed the rest of the tournament after picking up an injury in the opening game against Northern Ireland. Former Arsenal teammate Lukasz Fabianski, now with Swansea, filled in and helped the team reach the quarterfinals. Fabianski played most of the qualifiers but Szczesny returned for the final two. Roma goalkeeper Lukasz Skorupski should provide additional backup. DEFENDERS The 190-centimeter (6-foot-3) Kamil Glik marshals Poland's defensive line and provides a commanding presence at center back. Tough-tackling and hard-working, Glik also excels in organizational skills, and is adept at quickly switching play to wingers Kamil Grosicki or Jakub Blaszczykowski. Glik, formerly Torino's captain, played a big part in helping Monaco win the French title in 2017. Borussia Dortmund right back Lukasz Piszczek will be another who ensures Poland gets forward quickly from defense. MIDFIELDERS Apart from the tireless Blaszczykowski and Grosicki, Poland has a new creative force in 23-year-old Piotr Zielinski. The Napoli midfielder played in every qualification game and is among the first on Nawalka's teamsheet. Grzegorz Krychowiak is another vital cog for Nawalka. A move from Sevilla, where he had excelled, to Paris Saint-Germain in 2016 didn't work out as well as he hoped, and the 28-year-old defensive midfielder has been playing this season on loan at Premier League club West Bromwich Albion. Krychowiak epitomizes the team's hard working ethic and is already a veteran for Poland after making his senior debut in 2008. FORWARDS While Lewandowski is undoubtedly the star, Poland does have another option in attack in Arkadiusz Milik, a teammate of Zielinski's at Napoli. Milik had little success for Bayer Leverkusen or Augsburg in Germany, but excelled in a loan spell at Ajax, which consequently made his loan permanent. Napoli signed the 24-year-old Milik as a replacement for the Juventus-bound Gonzalo Higuain in 2016. Two serious knee injuries have blighted his time in Italy. Milik made five appearances for Poland in qualifying. Even with Milik at his best, however, Lewandowski is irreplaceable for Poland. The 29-year-old Lewandowski provided more than half of the team's goals in qualifying alone. Clinical in front of goal, strong and skillful, Lewandowski is the key to success. GROUP GAMES Poland will be based in the Black Sea resort of Sochi and will begin its campaign against Senegal in Moscow on June 19. The team then faces Colombia in Kazan on June 24 before wrapping up Group H play against Japan in Volgograd four days later......»»

Category: sportsSource:  abscbnRelated NewsMay 2nd, 2018

Philam Life sees net worth climb 53% in 2017

PHILIPPINE AMERICAN Life and General Insurance Co., Inc. (Philam Life) saw its net worth jump in 2017 on the back of improved premiums and reach. In a media briefing Monday, Philam Life said it booked a net worth of P69.5 billion in 2017, a 53% jump from last year’s P45.5 billion, citing data it submitted […] The post Philam Life sees net worth climb 53% in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 30th, 2018

Panel hopes to end US NCAA one-and-dones

By Ralph D. Russo, Associated Press INDIANAPOLIS (AP) — The most difficult part of the NCAA’s attempt to clean up college basketball begins now. Hours after former Secretary of State Condoleezza Rice presented the Commission on College Basketball’s sweeping recommendations for reforming a sport weighed down by corruption, NCAA leaders set in motion the process for turning those ideas into reality. The NCAA Board of Governors, a group of 16 university presidents and the association’s highest ranking body, unanimously endorsed all the commission’s recommendations Wednesday. Now it’s up to various subcommittees, working groups and college administrators to dig into a mountain of work over the next three months as the NCAA attempts to change NBA draft rules, create a new enforcement body, toughen penalties for rules violations, revamp summer recruiting and certify agents. All while trying to get buy-in from organizations that might not be motivated to help. “It’s going to be a challenge to say the least,” NCAA President Mark Emmert said. “This is a pace of decision making that the association’s really never done on this kind of scale before.” The Division I Council, comprised mostly of athletic directors and headed by Miami AD Blake James, has the job of turning the recommendations into rules. That requires feedback from schools, then council votes with some conference votes counting more heavily than others. Each proposal then goes to the Board of Directors, where a majority vote is needed to send it to the Board of Governors for final approval. It’s a winding path — crossing 351 Division I schools with varied priorities and concerns — and requiring consensus building and compromise for measures to pass. NCAA rule changes can sometimes take a full calendar year to sort out. “We’ve got to make sure we don’t let the good fall victim to the perfect here,” Emmert said. “Nobody believes we’re going to get everything perfect the first time through.” The independent commission Rice led released a much-anticipated and detailed 60-page report , seven months after the group was formed in response to a federal corruption investigation that rocked college basketball. Ten people, including some assistant coaches, have been charged in a bribery and kickback scheme , and high-profile programs such as Arizona, Louisville and Kansas have been tied to possible NCAA violations. “They believe the college basketball enterprise is worth saving,” Rice told the AP of commission members in an interview before addressing NCAA leaders. “We believe there’s a lot of work to do in that regard. That the state of the game is not very strong. We had to be bold in our recommendations.” The proposals were wide-ranging, falling mostly into five categories: NBA draft rules, specifically the league’s 19-year-old age limit that has led to so-called one-and-done college players; non-scholastic basketball such as AAU leagues and summer recruiting events; the relationship between players and agents; relationships with apparel companies; and NCAA enforcement. “Some people like some of (the recommendations) more than others, which is human nature, but as a board we’re unanimous in the endorsement and the acceptance of these recommendations for the NCAA,” said Minnesota President Eric Kaler, chairman of the Division I Board of Directors. It’s not yet clear how the governing body would pay for some of the proposals, though the NCAA reported revenues of more than $1 billion dollars for fiscal year 2017 in its most recent financial disclosures. The commission offered harsh assessments of toothless NCAA enforcement, as well as the shady summer basketball circuit that brings together agents, apparel companies and coaches looking to profit on teenage prodigies. It called the environment surrounding hoops “a toxic mix of perverse incentives to cheat,” and said responsibility for the current mess goes all the way up to university presidents. It also defended the NCAA’s amateurism model, saying paying players a salary isn’t the answer. “The goal should not be to turn college basketball into another professional league,” the commission wrote in its report. The commission did leave open the possibility that college athletes could earn money off their names, images and likenesses, but decided not to commit on the subject while the courts are still weighing in. Rice called the crisis in college basketball “first and foremost a problem of failed accountability and lax responsibility.” ONE-AND-DONE The commission emphasized the need for elite players to have more options when choosing between college and professional basketball, and to separate the two tracks. The commission called for the NBA and its players association to change rules requiring players to be at least 19 years old and a year removed from graduating high school to be draft eligible. The one-and-done rule was implemented in 2006, despite the success of straight-from-high-school stars such as LeBron James, Kobe Bryant and Kevin Garnett. “I’m confident they are going to be very supportive,” Emmert said of the NBA and NBAPA. The NBA and players union praised the recommendations on enforcement and expressed concerns about youth basketball. On draft eligibility rules, however, there was no commitment. “The NBA and NBPA will continue to assess them in order to promote the best interests of players and the game,” they said. The commission did, however, say if the NBA and NBPA refuse to change their rules in time for the next basketball season, it would reconvene and consider other options for the NCAA, such as making freshmen ineligible or locking a scholarship for three or four years if the recipient leaves a program after a single year. “One-and-done has to go one way or another,” Rice told the AP. ENFORCEMENT The commission recommended harsher penalties for rule-breakers and that the NCAA outsource the investigation and adjudication of the most serious infractions cases. Level I violations would be punishable with up to a five-year postseason ban and the forfeiture of all postseason revenue for the time of the ban. That could be worth tens of millions to major conference schools. By comparison, recent Level I infractions cases involving Louisville and Syracuse basketball resulted in postseason bans of one year. Instead of show cause orders, which are meant to limit a coach’s ability to work in college sports after breaking NCAA rules, the report called for lifetime bans. “The rewards of success, athletic success, have become very great. The deterrents sometimes aren’t as effective as they need to be. What we want are deterrents that really impact an institution,” said Notre Dame President Fr. John Jenkins, who was a member of the Rice commission. AGENTS The commission proposed the NCAA create a program for certifying agents , and make them accessible to players from high school through their college careers. AAU AND SUMMER LEAGUES The NCAA, with support from the NBA and USA Basketball, should run its own recruiting events for prospects during the summer , the commission said, and take a more serious approach to certifying events it does not control. APPAREL COMPANIES The commission also called for greater financial transparency from shoe and apparel companies such as Nike, Under Armour and Adidas. These companies have extensive financial relationships with colleges and coaches worth hundreds of millions of dollars, and Adidas had two former executives charged by federal prosecutors in New York in the corruption case......»»

Category: sportsSource:  abscbnRelated NewsApr 25th, 2018

WB: PH ban on OFW deployment to Kuwait to have ‘muted’ effect on remittances

      The government's ban on the deployment of Filipino workers to Kuwait will unlikely dent the robust remittance flows to the Philippines, the World Bank said.   In its April 2018 Migration and Development Brief, the Washington-based multilateral lender noted that the Philippines was the third biggest recipient of remittances last year, reaching $33 billion.   Only India, with $69 million, and China ($64 billion) exceeded the Philippines' remittance inflows in 2017.   The 5.3-percent growth in remittances last year was faster than the 4.5 percent in 2016.   For the World Bank, "the impact on remittance inflows of ...Keep on reading: WB: PH ban on OFW deployment to Kuwait to have ‘muted’ effect on remittances.....»»

Category: newsSource:  inquirerRelated NewsApr 25th, 2018

Migrants’ money

Remittance payments hit record in 2017: WB WASHINGTON -- Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday. The stronger-than-expected recovery in remittances — payments that are key to supporting….....»»

Category: newsSource:  journalRelated NewsApr 23rd, 2018

Loans to small cooperatives reach P1 billion in 2017 — BSP

Loans granted to small business cooperatives surged in 2017 to reach almost P1 billion, data from the Bangko Sentral ng Pilipinas (BSP) showed, supported by new rules which took effect last year. The central bank said some P952.2 million loans were released through the credit surety fund (CSF) program from January-November 2017. Outstanding loan balances […] The post Loans to small cooperatives reach P1 billion in 2017 — BSP appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 3rd, 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