Advertisements


We are sorry, the requested page does not exist




2016 GDP growth seen hovering around 7%

PHILIPPINE ECONOMIC GROWTH last year is expected to have hovered around the top end of the government's 6-7% target on the back of robust household consumption, strong investments and continued improvement in state spending, according to separate estimates issued on Friday......»»

Category: newsSource:  bworldonlineRelated NewsJan 20th, 2017

Man United soccer's top moneymaker again after 11 years

ROB HARRIS, AP Global Soccer Writer br /> LONDON (AP) — Manchester United is a long way from winning the English Premier League again but is back on top of another table — as soccer's biggest moneymaker. For the first time since 2005, Manchester United overtook Real Madrid in top spot in the soccer finance rankings compiled by accountancy firm Deloitte even as it sits sixth in the Premier League. In 2015-16 when United won only the FA Cup and failed to qualify for the Champions League, the 20-time league champions generated 515.3 million pounds (689 million euros based on the annual average; now about $632 million). Spanish champion Barcelona had 620.2 million euros in revenue and Real Madrid, which won an 11th Champions League title in May, dropped to third on 620.1 million euros in Deloitte's 20th annual rankings. United's stay at the top could be short-lived with the pound weakening since Britain voted to leave the European Union in June and the failure to reach the Champions League. Despite Jose Mourinho replacing Louis van Gaal as manager, United is struggling to break back into the top four Champions League qualification places let alone win the first Premier League title since Alex Ferguson's retirement in 2013. But United, owned by the Florida-based Glazer family and listed on the New York Stock Exchange, has maintained an ability to attract sponsors. 'Manchester United have had to wait 11 years to regain their position as the world's leading revenue-generating club and it has taken phenomenal commercial revenue growth to help them achieve this,' said Dan Jones of the Deloitte sports division. 'In recent years, their ability to secure commercial partnerships with value in excess of that achievable by their peers has been the crucial factor in enabling the club to regain their place at the top of the Money League.' The top five is completed by German champion Bayern Munich and Manchester City. The eight English clubs in the top 20 account for 45 percent of the accumulated revenue in the standings of 7.4 billion euros — up 13 percent from the previous year. Leicester, a first-time winner of the Premier League, makes the cut for the first time, squeezing into 20th place on 128.7 million pounds. West Ham returns to the top 20 and should move up from 18th place (143.8 million pounds) following its move last summer to Olympic Stadium. The other Premier League teams are: Arsenal (seventh at 350.4 million pounds), Chelsea (eight at 334.6 million pounds), Liverpool (ninth at 302 million pounds) and Tottenham (12th at 209.2 million pounds). The weight of English clubs in the revenue rankings should increase next year with the rise in television revenue. Premier League clubs should each earn at least 100 million pounds a season as part of the rights deals worth more than 8.3 billion pounds over three years. The only French team represented in the rankings is Paris Saint-Germain, which fell two places to sixth with revenue of 520.9 million euros. Zenit Saint-Petersburg is the only Russian team included, improving a place to 17th by generating 196.5 million euros. Along with Bayern, German also provides Borussia Dortmund (11th at 283.9 million euros) and Schalke (14th at 224.5 million euros). Juventus heads the list of four Italian teams, in 10th place on 224.5 million euros, followed by AS Roma (15th at 218.2 million euros), AC Milan (16th at 214.7 million euros) and Inter Milan (19th at 179.2 million euros). Deloitte warns that the enhanced English broadcast deals could see at least one of the Milan teams fall out of the top 20 next year. Joining Barcelona and Real Madrid in the rankings from Spain are Atletico Madrid in 13th place at 228.6 million euros. .....»»

Category: sportsSource:  abscbnRelated NewsJan 18th, 2017

Chile amateur goes from no big victories to Masters

DOUG FERGUSON, AP Golf Writer   HONOLULU (AP) — Toto Gana hit what he described as the 'best shot I've hit in my whole life,' a wedge to 3 feet for a birdie to win the Latin America Amateur Championship and earn a trip to the Masters in April. His best shot produced his biggest trophy. Asked what his greatest achievement in golf was before his victory in Panama, the 19-year-old from Chile said: 'I didn't have any achievements, to be honest. I had won a couple of tournaments at home when I was really, really young.' The Latin America Amateur completed its third year, a stroke-play tournament created by Augusta National, the USGA and the Royal & Ancient to spur growth in that part of the world. It follows the successful launch of the Asia Pacific Amateur. The Asia Pacific Amateur is producing a higher pedigree of champions — Hideki Matsuyama won twice, and the winner last year was Curtis Luck, the reigning U.S. Amateur champion. The last two Latin America winners were surprises — Gana and 16-year-old Paul Chaplet of Costa Rica last year. The other winner was Matias Dominguez of Chile, who was a junior at Texas Tech. Gana said the only hard part about his victory was beating Joaquin Niemann of Chile, one of his best friends who won the Junior World in 2015 at Torrey Pines. 'I really never thought I could win this tournament because all the other players have won many other tournaments, very big tournaments,' Gana said in a conference call after his victory Sunday. 'What I did was keep a cool head. When I saw that I had a chance to win, I believed in myself that I could do. And I gave it my all.' Chile will have a player represented at Augusta National for the second time in three years. The only other Chilean player at the Masters was Enrique Orellana, who missed the cut in 1964. Gana has flair, and he showed how much passion he has for golf when explaining how he got started. 'When I was a little boy, 8 years old, my stepfather taught me to play golf on the practice range,' he said. 'When I shot a really nice shot, I never quit.' Gana will be enrolling at Lynn University in Florida. ___ BLOOMING START: Justin Rose played the Sony Open as part of the new 'strength of field' regulation on the PGA Tour that requires players who played fewer than 25 events last year to add a tournament they had not played in four years. Rose was so excited about this year that he might have started earlier if he would have been eligible. He failed to win a PGA Tour event for the first time since 2009. But in a year slowed by injury, Rose geared himself for golf's return to the Olympics and won the gold medal in Rio. That was worth an exemption into the four majors (Rose already is eligible for them), but the PGA Tour did not offer a spot in SBS Tournament of Champions. 'I didn't inquire,' Rose said about Kapalua. 'But in my mind, I was surprised that it didn't count in a way, just because, why wouldn't it? It's a one-off thing.' He thought maybe the tour would only give a spot to Kapalua if the gold medalist was already a PGA Tour member, much like it treated the HSBC Champions early on in its World Golf Championships history. Rose chuckled, however, when he realized his history in Hawaii. 'It's funny enough, I don't have the right to say I should have been at Kapalua,' he said. 'Because I've won six years in a row and I've only been once.' A birdie on the final hole at the Sony Open gave him second place alone, which was worth $648,000. ___ PLAYING TO HIS STRENGTH: Jason Dufner is the defending champion at the CareerBuilder Challenger, where he won last year for the first time since the 2013 PGA Championship at Oak Hill. What changed? Very little. He attributed the drought to a neck and shoulder injury that he suffered at the 2014 Masters. Dufner tried to play through it all year until he was forced to pull out of his title defense in the PGA Championship at Valhalla, which kept him off the Ryder Cup team. Playing with the injury led to bad habits with his swing, which led to bad shots, too many memories of bad shots and eventually shattered confidence. 'People don't realize, once you start playing, you have to redo everything,' Dufner said. 'You see it with a lot of guys coming back. It takes them 6, 8, 12 months. I spent 2015 trying to get back to where I was.' Where he wants to be is one of the top ball-strikers in the game. As for putting? He manages. Dufner has finished no higher than No. 143 in the key putting statistic over the last four years, and while he has to pay attention to his setup, it's not as though he's going to abandon what got him here (his swing) to pour everything into becoming Jordan Spieth. 'I've been putting bad for 17 years,' he said. 'It's tough to change. I can hit it good enough to make up for it. I'll wait for my weeks where I putt good and try to win.' ___ THE RACE TO MEXICO: Mackenzie Hughes won the RSM Classic, and his first thought was going to the Masters. Now that it's beginning to sink, the Canadian rookie has reason to consider other tournaments that were not on his schedule at the start of the season. First up is the World Golf Championship in Mexico. The top 10 in the FedEx Cup standings through the Honda Classic are eligible for the Mexico Championship, and there are only six tournaments between now and then. That's also true for Pat Perez, who tied for third at Kapalua and is No. 3 in the FedEx Cup. Rod Pampling is at No. 6. The other World Golf Championships event in March is based off the world ranking, so those three players have much more to do for them to get into the top 64. One player who might have secured his spot was Kevin Kisner, who shot 60 in the third round of the Sony Open and wound up in a tie for fourth. That took Kisner from No. 51 to No. 41, making it difficult to fall that far in two months. ___ DIVOTS: Justin Thomas moving to No. 8 in the world means that six of the top 10 players are under 30. ... The Golf Writers Association of America has voted former PGA Tour Commissioner Tim Finchem for the William D. Richardson Award for outstanding contributions to golf. For the GWAA's award for press cooperation, it was a tie between Ben Crenshaw and Stewart Cink. They will be honored at the GWAA annual awards dinner on April 5 in Augusta. ... The three courses used for the CareerBuilder Challenge — PGA West Stadium Course, PGA West Nicklaus and La Quinta — ranked among the top 10 in easiest courses on the PGA Tour last year. ... The fourth Latin America Amateur Championship will be played at Prince of Wales Country Club next year in Santiago, Chile. ... The European Tour now has eight events in its Rolex Series with China-based HNA Group signing a five-year deal to be title sponsor of the French Open. That will raise the purse to $7 million in line with other Rolex Series events. ___ STAT OF THE WEEK: Justin Thomas hit 34 drives that went at least 330 yards during his two weeks in Hawaii — 20 on the Plantation Course at Kapalua, 14 at Waialae Country Club. ___ FINAL WORD: 'If there's no defense, then you ought to be able to make birdies. If there's wind, you ought to be struggling.' — Kevin Kisner. .....»»

Category: sportsSource:  abscbnRelated NewsJan 17th, 2017

IMF sees 2017 PHL growth on target

THE INTERNATIONAL Monetary Fund (IMF) expects the Philippines to remain among Asia’s growth leaders in 2017 on the back of increased public spending and a recovery in exports, its country official said, even as he stressed the need to legislate tax reforms to support the government’s aggressive fiscal plans......»»

Category: newsSource:  bworldonlineRelated NewsJan 16th, 2017

Front Page: IMF sees 2017 PHL growth on target

THE INTERNATIONAL Monetary Fund (IMF) expects the Philippines to remain among Asia's growth leaders in 2017 on the back of increased public spending and a recovery in exports, its country official said, even as he stressed the need to legislate tax reforms to support the government's aggressive fiscal plans......»»

Category: financeSource:  bworldonlineRelated NewsJan 16th, 2017

BOI-approved investments reach second-highest level since 2000, exceeds 7 percent target with 20 percent growth

&'160; Investment projects approved by the Philippine Board of Investments (BOI) grew 20.4 percent in 2016, reaching P441.8 Billion from the P366.7 Billion registered in 2015. The value of registered projects in 2016 is second highest since 2000, next to the P466 Billion registered in 2013. The 20.4 percent growth also exceeded the agency’s 7 [&'].....»»

Category: newsSource:  boholnewsdailyRelated NewsJan 15th, 2017

Automobile sales increase 24.6% in 2016, surpass industry target

AUTO sales grew 24.6% in 2016, sustaining a run of double-digit growth for the industry, automakers said......»»

Category: newsSource:  bworldonlineRelated NewsJan 10th, 2017

Warriors' Zaza Pachulia has Kerr, not critics, in his head

JANIE McCAULEY, AP Sports Writer OAKLAND, California (AP) — Zaza Pachulia heard all the negative noise from his Golden State Warriors fans, and he began taking it personally. He was the new guy at the start of this NBA season, the lone non-All-Star in Golden State's decorated starting lineup. He was no Andrew Bogut, the imposing big man he replaced, and fans got nasty with their frustration. Now, Pachulia constantly recalls what coach Steve Kerr preaches: The only thing that matters is how the Warriors feel about each other, not what anyone outside thinks or says. Not that it was easy for Pachulia to ignore the scrutiny. 'That was one of the biggest challenges I've had. I've never been in this situation,' he said on Monday. 'It's a lot of responsibility, I understand it. It was very emotional for me at the beginning. I was kind of taking it very personal. But that's where mental toughness kicks in. 'I'm fortunate I have friends who have been in this situation throughout the league, but most importantly, the biggest help came from my coaching staff.' With Kerr in his ear, Pachulia has made an effort to tune out the critics. As expected, the Warriors have needed time to jell this season, and Pachulia's been at the center of the development. Early on, the center from Georgia took a passive approach, and also found himself in subpar shape. Now he's getting more comfortable, and is emerging at the perfect time. The Warriors are headed into the second half, and Pachulia has found his place complementing Stephen Curry, Kevin Durant, Draymond Green, and Klay Thompson. Last month, Pachulia had season-bests of 15 points and 14 rebounds in a win at Brooklyn, and he believes that helped him turn a corner. He has four straight games scoring in double figures entering Tuesday's home matchup with Miami after doing so just twice in his first 32 games. In a victory at Sacramento on Sunday, Pachulia made a jaw-dropping, no-look backward heave that was right on target to Curry and led to an easy basket by the league MVP. 'He's tried some crazy stuff before, but he made a good, timely read as the best way to get me the ball,' Curry said. 'It was right on target, one bounce into my lap and I was able to finish it. I'm sure Coach will make sure he's not experimenting too much more with that.' Pachulia's enjoyed being part of the 'fancy stuff' these pass-happy Warriors get up to — Golden State wracks up 30-assist performances at an astonishing rate. 'Zaza's got a little flair to him,' Kerr said on Monday. 'He likes making plays like that. Not that he's constantly making them, but he's got a little of that in him. I know he had fun with that play.' Never before had the big man been part of a team with so many great players, and finding his way with this group made for a daunting adjustment. That core of talent is the reason he chose to join Golden State for his 14th season. 'No disrespect to Dallas, Milwaukee, but we weren't this type of team. No one was expecting a championship from us,' Pachulia said. 'This team is different, right? Let's be honest. So every time you make a mistake on the court, and that's very normal, especially in the beginning, it looks like 10 times, 100 times worse. 'Fans are spoiled here because of the types of seasons they had — last year, where they broke the record even though they lost in the Finals, it was amazing. The year before they won the championship, so they were feeling really comfortable with the players and the personalities they had.' For Pachulia, the improvements have come from focusing on the small things — such as minor footwork adjustments and working to better defend the perimeter. That has come with a willingness to learn. 'The thing that I'm most proud of in watching him this year is his growth. I'm talking about a guy who's played a lot of basketball,' Warriors assistant coach and defensive guru Ron Adams said. 'The ability to be coached at his age has really been fun. ... He is one of those lifelong learners.' Still, Pachulia knows the compliments from those around him must be earned. From the basketball-crazed Bay Area fans, too. 'My skin got thicker,' Pachulia said. 'I don't listen to stuff from outside or even if I hear or if I read something, I just let it go very easily. It's not bothering me, because the truth is that Steph or Klay or KD or Draymond or Andre (Iguodala), all these guys, they either like playing with me or they don't. That's what matters. The coaching staff is happy with my presence or not. 'Maybe the first day, you're not expecting any of your teammates to give you some good words. We've played enough games that my teammates have a lot of compliments to say about me. My coaching staff has a lot of compliments to say about me. Those compliments don't come just like that. They are professionals and you get a compliment because you deserve it. That means a lot.' .....»»

Category: sportsSource:  abscbnRelated NewsJan 10th, 2017

Tax bureau spells out 2017 programs

THE BUREAU of Internal Revenue (BIR) yesterday spelled out steps it will take to hit its collection target this year, as the government scrambles to shore up revenues to help finance its bid to increase spending in support of faster economic growth......»»

Category: newsSource:  bworldonlineRelated NewsJan 6th, 2017

Prospects

Officially, our GDP growth target for this year is between 6.5 percent and 7.5 percent......»»

Category: newsSource:  philstarRelated NewsJan 6th, 2017

UBS sees 2016 GDP growth on track; slowdown ahead

GROSS domestic product (GDP) growth should hit the government target this year, UBS said in a “2017 Philippine Economic Outlook” that nevertheless flagged a slowdown in 2017 with the absence of election-related spending, higher borrowing costs.....»»

Category: newsSource:  bworldonlineRelated NewsDec 27th, 2016

Top end of growth target in sight

THE PHILIPPINE ECONOMY will likely hit -- and could even exceed -- the top end of an official 6-7% target for the year, the National Economic and Development Authority (NEDA) announced yesterday......»»

Category: newsSource:  bworldonlineRelated NewsDec 15th, 2016

Front Page: Top end of growth target in sight

THE PHILIPPINE ECONOMY will likely hit -- and could even exceed -- the top end of an official 6-7% target for the year, the National Economic and Development Authority (NEDA) announced yesterday......»»

Category: financeSource:  bworldonlineRelated NewsDec 15th, 2016

$100-B export target reset to 2020 as global demand remains sluggish

MANILA, Philippines – Weak global demand has derailed the Philippines’ rosy export growth plan, with the country now pushing back its target of breaching the.....»»

Category: financeSource:  philstarRelated NewsDec 7th, 2016

Q4 GDP could grow by 6.9% -- Budget chief

THE ECONOMY could muster close to 6.9% growth this quarter as public spending remains robust, the country's Budget chief said, which if realized could bring the full-year average closer to the high end of the government's target......»»

Category: newsSource:  bworldonlineRelated NewsDec 5th, 2016

UN hikes growth target to 7%

The regional development arm of the United Nations in Asia-Pacific upgraded its 2016 growth forecast for the Philippines to 7 percent from 6 percent, citing the strong household consumption and favorable employment condition in the country......»»

Category: financeSource:  thestandardRelated NewsDec 1st, 2016

Manufacturing sets 6-yr target growth at 8-10%

Manufacturing sets 6-yr target growth at 8-10%.....»»

Category: newsSource:  manilatimes_netRelated NewsNov 28th, 2016

GDP growth likely at 7% in 2016 – Metrobank

High end of gov’t target.....»»

Category: financeSource:  philstarRelated NewsNov 26th, 2016

Greece keeps 2.7% growth estimate, boosts surplus target

Greece keeps 2.7% growth estimate, boosts surplus target.....»»

Category: newsSource:  manilatimes_netRelated NewsNov 22nd, 2016

PH economy up 7.1% in 3rd quarter

The Philippine economy grew faster than expected in the third quarter at 7.1 percent from the same period a year ago, cementing the country’s chance of achieving its full-year growth target of six to seven percent, officials said yesterday......»»

Category: newsSource:  tempoRelated NewsNov 17th, 2016