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PH moves up in global travel freedom index

The Philippines climbed three positions to become the sixth in Southeast Asia and 72nd in the global travel freedom index, according to the 2018 Henley Passport Index released Wednesday. #BeFullyInformed PH moves up in global travel freedom index The Philippines climbed three positions to become the sixth in Southeast Asia and 72nd in the global… link: PH moves up in global travel freedom index.....»»

Category: newsSource: manilainformer manilainformerJan 10th, 2018

Global gloom infects local stocks

PHILIPPINE EQUITIES finished the week with their third straight day of decline, keeping pace with weakening by Wall Street and others in Asia in the face of more protectionist moves by US President Donald A. Trump. The Philippine Stock Exchange index (PSEi) edged down by 7.2 points or by a nearly flat 0.08% to close […] The post Global gloom infects local stocks appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 2nd, 2018

‘Grand Deception’ by Jun Ledesma

Letters From Davao: WHEN RAPPLER through its President, Maria Ressa, was caught trifling with an important tenet in the Philippine constitution that mandates that Philippine media should be 100% owned by Filipinos the Securities and Exchange Commission ordered it closed. Rappler was parading like it is wholly owned by Filipinos but turned out it accepted investment from Omidyar Network (ON) which is known for its notoriety in destabilizing heads of state that are not docile to America. It tried deception by claiming that the Philippine Deposit Receipts it issued to ON money was for philanthropic contribution. The attempt dragged them deeper in shit as PDRs are actually commercial instruments. When this trick did not work, Ressa again tried another act this time claiming that Omidyar signed a waiver on its veto power. Again this did not pass scrutiny of the SEC because the said waiver was discovered to be just a scrap of paper as the document was not notarized.  Running out of deceptive tricks Ma. Ressa went berserk when she was served the closure order and went about town crying her freedom is being curtailed by Pres. Rodrigo Duterte no less. Her partner Pia Ranada did the same screaming she will be jailed by Duterte’s military. The grandstanding, it was obvious, was to stonewall the criminal violation they committed and to paint Rappler and its staff headed by Ressa as victims of oppression and dictatorial regime of Duterte. Contrary to its claim that they have lost their freedom of expression, more than ever Rappler had increased the crescendo of its unfettered attack on no less than the President Duterte himself. Ressa spearheaded a Black Friday movement supported by a handful of students from where else by the University of the Philippines campus and the usual garrulous but moribund Liberal Party stalwarts headed by VP Leni Robredo. They were joined in by UN Rapporteur Agnes Callamard and her local counterpart Chito Gascon in denouncing the Duterte government for curtailing the freedom of the press. Other foreign-funded media outfits joined the fray for obvious reason.  Theirs is a cacophony of ridiculous chants. Robredo warned that the closure of Rappler is a symptom of a dark future of the country. The juvenile delinquents in the UP campus joined pipsqueak assemblies with screaming placards denouncing Pres. Duterte and his “malignant forces that continue to peddle lies to justify their tyranny and dictatorship”.  They cut classes to face the TV cameras and klieg lights unmindful of yet another spectacular grade the survey firms Social Weather Station and Pulse Asia showing an “excellent” grade on the sustained trust and popularity of the nation on Duterte which they had been flagellating no end.  No one seems to mind their issue about tyranny and dictatorship as the World Bank grudgingly declared that “DDS killed democracy in the Philippines but they haven’t killed the country’s vibrant economy”.  Forbes, an international business magazine, likewise quoted WB on its Global Economic Prospects, which asserts that “Duterte Philippines is the 10th fastest growing economy in the world”.  The statistics is a slap on the face of VP Robredo who remains to be an incurable pessimist despite the figures that cannot lie. She continues to see the future of the Philippines in dark glasses forgetting that she is a Vice President and therefore should have celebrated with the rest for the gains that the country achieved. For her part, Maria Ressa simply ignored what Forbes and WB declared.  Maybe out of outrage that the Robredo seemed to be out of sync and blinded by sheer politicking and negativism, UP Political Science professor and political analyst, Clarita Carlos,  made a five-worded message to The Vice President thus: “President Duterte moves the Philippines forward”. To those who denigrate Duterte from cutting the country’s umbilical cord to America, Professor Carlos had this to say. “Duterte has moved the Philippines away from the usual foreign policy and in turn ‘defined national interest’ by tracking his own way of foreign policy”. She admired Duterte for his political guts and courage.  It is indeed pathetic that while the Philippines rise several notches higher in political and economic arena the opposition and the foreign-aided media outfits shamelessly continue to belittle these achievements. It is no small feat that Philippines came out stronger in economic growth than China in the 3rd quarter of 2017. On the 4th quarter moreover China rallied (6.9%) and landed on top of Asian countries followed by Vietnam (6.8) and Philippines 6.7%. The Philippines however has been growing more than 6% for nine consecutive quarters and that sustained growth is best among Asean nations. Any which way you look at it, that spells economic stability and investment grade for investors service firms like Moody’s and other international credit rating institutions. Cause and effect is a simple gauge to measure the impact of the tyranny and dictatorial regime that Rappler and its sympathizers have been accusing the Duterte regime. But as I always say, no one can quarrel with success especially when institutions of unquestionable stature put the positive figures across. Expect the economy to grow even faster in 2018 when infrastructure spending commences under the Duterte’s Build, Build, Build program. As we all know, the government had earmarked P8.4-trillion to achieve the mega infrastructure projects comprising of railways, highways and bridges, irrigation’s, airports and seaports to name a few. The job opportunities that these programs will generate are equally mind-boggling. […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsFeb 1st, 2018

PHL ranks 71st out of 159 countries in freedom index

By Arjay L. Balinbin THE Philippines ranks 71st out of 159 countries in the 2017 Human Freedom Index (HFI) by the Fraser Institute. Based on 2015 data, the 2017 global index on personal and economic freedoms (collectively human freedom) places the Philippines with a human freedom score of 6.97 (in a range of 0-10), with […] The post PHL ranks 71st out of 159 countries in freedom index appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 25th, 2018

Press freedom in PHL partly free — world index

THE PHILIPPINES was rated partly free, as was press freedom in the country, in a global environment marked by democracy in crisis, according to the 2018 world freedom index released by Freedom House. Findings by the independent watchdog organization have concluded that “Democracy faced its most serious crisis in decades in 2017 as its basic […] The post Press freedom in PHL partly free — world index appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 17th, 2018

Which Asian country takes best care of its elders?

    NEW DELHI -- Japan was recognized as the best country in Asia for older people to live, as it reported high satisfaction with social connectedness, safety, and civic freedom, the Global AgeWatch Index 2015 showed.   Globally ranked 8th, Japan was the only Asian country that figures among the top ten countries favorable for growing old.   The Global AgeWatch Index 2015 by HelpAge International measured the quality of life --- using income security, health, personal capability, and enabling environment --- for people aged 60 and older. It assessed 96 countries to determine the best places for older adults to live. These countries include more t...Keep on reading: Which Asian country takes best care of its elders?.....»»

Category: newsSource:  inquirerRelated NewsDec 15th, 2017

Stock index falls below 7,500 support level

The local stock barometer slipped below the critical 7,500 mark on Wednesday as fresh global trade jitters spooked regional markets and caused more foreign outflows from local equities. The main-sh.....»»

Category: newsSource:  philippinetimesRelated NewsSep 14th, 2018

Americans made up largest group of global air travelers in 2017, says report

More than 4 billion people took to the skies in 2017, says IATA. Image: istock.com/egorych via AFP Relaxnews New statistics on air travel reveal that Americans made up the largest group of air trav.....»»

Category: newsSource:  philippinetimesRelated NewsSep 12th, 2018

Running in the city s a breeze with shoe brand s latest release

A global sports brand has released what could be the perfect shoe when running in the city. After introducing a limited release black and white colourway in early July, adidas Running has unveiled PureBOOST GO, a silhouette created especially for the street runner.  Designed for changing directions, the highly adaptive shoe offers a running experience that makes your workout in urban streetscapes thrilling but comfortable. The shoe features a wider forefoot platform for increased forefoot stability during multi-directional movements.  A deconstructed circular knit upper, crafted from a breathable fabric, improves flexibility and freedom The full-length BOOST midsole, adidas’ industry-defining technology, offers runners endless energy return.  "There’s nothing more thrilling than running the streets through my city. It’s exciting because it’s raw and unpredictable and discovering the city in this way is totally unique," Captain of adidas Runners New York City Kwasi Kessie said.  The hero colourway of adidas PureBOOST Go (P6.000) in charcoal is available to purchase globally on adidas.com. .....»»

Category: sportsSource:  abscbnRelated NewsSep 8th, 2018

Asia stocks rise as trade optimism extends Wall Street’s bull run

TOKYO — Asian stocks rose on Thursday as Wall Street hit record highs in the hope that the current North American Free Trade Agreement (NAFTA) negotiations will lead to a further easing of global trade tensions. MSCI’s broadest index of Asia-Pacific shares outside Japan nudged up 0.1 percent. Australian stocks added 0.15 percent, and Japan’s Nikkei rose […].....»»

Category: newsSource:  interaksyonRelated NewsAug 30th, 2018

Trump administration moves to relax coal pollution rules

WASHINGTON, DC, USA – President Donald Trump's administration announced a plan on Tuesday, August 21, to weaken regulations on US coal plants, giving a boost to an industry that former leader Barack Obama had hoped to phase out to cut harmful emissions that drive global warming. The Environmental Protection Agency's new Affordable ........»»

Category: newsSource:  rapplerRelated NewsAug 22nd, 2018

Peso Stays Strong, Local Shares Shed on Profit-Taking

The Philippine peso finished Monday strong against the US dollar while the Philippine Stock Exchange index (PSEi) fell on profit-taking. Easing of concerns on developments in Turkey allowed the local currency to finish the day at 53.38 at the start of this week from 53.425 close Friday last week. A trader said moves to settle […].....»»

Category: newsSource:  metrocebuRelated NewsAug 22nd, 2018

Asian shares hit one-year low on Turkey, China worries

TOKYO- Asian shares hit fresh one-year lows in early trading on Thursday, while oil and precious metal prices also tumbled as Turkey’s currency crisis and fears of an economic slowdown in China fanned worries about global growth. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.0 percent, while Japan’s Nikkei and the Australian benchmark […].....»»

Category: newsSource:  interaksyonRelated NewsAug 16th, 2018

Asian stocks recover after news of US-China trade talk

Asia stocks opened sharply lower on Thursday, joining a global sell-off on concerns over Turkey's financial crisis but later pared losses on news that China and the US would hold trade talks. Equities across the region suffered steep losses at the opening bell, with Tokyo and Shanghai off by more than one percent, dragged down by a weak session on Wall Street as traders fretted over possible contagion from Turkey's currency crisis. Japan's main Nikkei 225 index shed 1.20 percent in early trade and China's benchmark Shanghai Composite was off by 1.17 percent after another day of volatile trading driven by Turkey. On Wednesday, Ankara hiked tariffs on imports of several US goods i...Keep on reading: Asian stocks recover after news of US-China trade talk.....»»

Category: newsSource:  inquirerRelated NewsAug 16th, 2018

Turkey crisis fears spark market drop

The stock market fell by over 2 percent on Monday, tracking global declines triggered by fears that an economic crisis in Turkey could spread elsewhere. The benchmark Philippine Stock Exchange index (PSEi) dropped by 2.17 percent or 169.71 points to finish at 7,635.27 while the wider All Shares declined 1.74 percent or 82.16 points to end [...] The post Turkey crisis fears spark market drop appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 13th, 2018

Security Bank launches feeder funds

Security Bank Corp. launched two investment vehicles allowing the public to invest in developed and emerging markets worldwide. In a statement, Security Bank said it recently launched two new types of feeder funds, the SB US Equity Index Feeder Fund and SB Global Equity Index Feeder Fund. The SB US Equity Index Feeder Fund aims […] The post Security Bank launches feeder funds appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsAug 13th, 2018

DA s 2018 NBA Offseason Rankings: The Middle 10

By David Aldridge, TNT Analyst Wonder what the rental market is like in San Luis Obispo, Calif. San Luis Obispo is, give or take a few miles, one of the closest cities that is near the midway point between Los Angeles and San Francisco. Given the events of the NBA’s offseason, it’s not hare to imagine national reporters are going to be spending a lot of time in California next season, bouncing back and forth between the Bay and L.A. Catch LeBron James and the Lakers on Wednesday and then, Stephen Curry, Kevin Durant and the Warriors on Thursday. The Western Conference only got stronger and deeper with James leaving Cleveland for a second time, this time to go to the Lakers. Add four of the top five Draft picks -- including No. 1 overall selection Deandre Ayton (Phoenix Suns), No. 2 pick Marvin Bagley III (Sacramento Kings) and international phenom Luka Doncic (No. 3 pick, acquired by Dallas Mavericks) -- going to Western Conference teams, and the talent disparity between conferences only seems greater. But did Eastern Conference teams take advantage of Cleveland deflating to make their teams better? And how effective were West teams in making their teams better prepared to at least compete with the Warriors? That’s where this year’s Offseason Rankings come in -- big, bold, definitive. You love them, if the amount of hate tweets and e-mails I get after they’re published are any indication. Every year, we rank how all 30 teams have done since the end of their respective seasons. We look at everything -- how they drafted, what trades they made, what players they signed in free agency, and for how much -- or if they didn’t participate in free agency much at all. We look at if they’ve changed coaches, executives, owners, or if they’re moving into a new building that can generate big revenues. And you have to decide which ones you liked the most. Here's what these rankings ARE NOT: A predicted order of finish for next season. It's an opinion that seeks to answer a question: is the team better now than at the end of last season? The ranking reflects the belief on whether, and how much, that is so. (I liked certain guys who were in the Draft more than others, so if your team took them, I probably weighed it more positively. Doesn't mean I'm right.) I do not expect the Suns, for example, to have a better record than the Celtics, just because they had a better summer. It is not a ranking of the teams in order from 1 through 30 right now; I do not believe the Mavericks are now a better team than Rockets. This is just one person’s opinion about offseason moves -- offseason moves only. Is your team better now than it was before? - If your team is ranked in the top 10, it doesn't mean I love your team.       - If your team is ranked in the bottom 10, it doesn't mean I hate your team. It's an opinion that seeks to answer a question: is the team better now than at the end of last season? The ranking reflects the belief on whether, and how much, that is so. (I liked certain guys who were in the Draft more than others, so if your team took them, I probably weighed it more positively. Doesn't mean I'm right.) What plays into the rankings: - This isn’t science. It’s an educated guess, weighing the impact both of the Draft and free agency, but also assessing whether teams got value in their free-agent signings. Overpaying the right player is as much a sin as signing the wrong player. A good new coach can coax some more wins out of a roster. But if a team’s players don’t believe in the system their team uses, the best Xs and Os on earth don’t matter.       - Teams that are rebuilding obviously have different priorities than teams making a championship push. That's factored in. So Chicago, for example, gets credit for adding young, affordable players as it stockpiles its talent -- but that talent has to fit together, as Wendell Carter Jr. does with Lauri Markannen. And a team like the Warriors that shows it’s willing to go deep into the luxury tax -- which most teams try to avoid -- in order to keep winning has to be commended, and its rankings reflect that commendation.       - Continuity matters here as well. The most successful teams usually not only identify a core group of players, they keep them together for a while, finding that sweet spot: everyone doesn’t get a max contract, but most get paid well enough to keep the train moving down the tracks. That reflects both good roster construction and good financial management -- and, again, is rewarded. The explosion in the cap means everyone has to spend; keeping your powder dry for another day doesn’t have as much cache as it used to. But you still have to manage your money wisely. Salary numbers, with a couple of exceptions, come from Basketball Insiders, whose Eric Pincus does the best job of anyone in the game of keeping track of all the moving financial parts, quickly and accurately -- which is why we use him at NBA TV during the Draft and free agency to tell us what the hell this all means. The Middle 10 * * * 11. TORONTO RAPTORS 2017-18 RECORD: 59-23; lost in Eastern Conference semifinals ADDED: Coach Nick Nurse; G Danny Green (acquired from Spurs); F Kawhi Leonard (acquired from Spurs) LOST: Former coach Dwane Casey; G DeMar DeRozan (traded to Spurs); F Alfonzo McKinnie (waived); C Jakob Poeltl (traded to Spurs) RETAINED: G Fred VanVleet (two years, $18.1 million) THE KEY MAN: Nurse. The former Raps assistant has extensive G League head coaching experience. But the NBA isn’t just about a coach’s Xs and Os acumen. We know Nurse can do that. But an NBA coach has to have command presence in a locker room not only full of millionaires, but full of Alpha males who have their own very strong opinions on how they should be used and how their teammates should help them. Nurse will have to show he can put his own stamp on a team that will have some new faces while still having extremely high expectations. THE SKINNY: You may well think Toronto should be higher, based on Leonard’s standing as a top-five player in the league when fully healthy. No matter what you think of DeRozan, a four-time All-Star, no one can realistically say he’s better than “The Klaw” when both are 100 percent. But, of course, we don’t know if Leonard’s 100 percent. And, trading DeRozan, who’d been the franchise’s biggest advocate during his nine seasons there -- and who had led the team to its greatest extended run of success ever -- is not a transaction without consequence for the Raptors. He helped get the best out of Kyle Lowry. He could help recruit free agents. And, the circumstances of his departure have not helped the franchise’s reputation. Still, this is a talent-based league, and Leonard has it. His and Green’s presence on the perimeter gives Toronto the chance to be a switching defensive monster -- and will help the Raptors be able to match up better with the likes of the Boston Celtics and Philadelphia 76ers in a late-May playoff matchup, as long as the Raptors’ young core in which it believes so strongly continues to play as well in reserve as it did last season. 12. MILWAUKEE BUCKS 2017-18 RECORD: 44-38; lost in first round ADDED: Coach Mike Budenholzer; G Donte DiVincenzo (No. 17 pick, 2018 Draft); G Trevon Duval; F Ersan Ilyasova (three years, $21 million); C Brook Lopez (one year, $3.32 million); F Pat Connaughton (two years, $3.2 million); LOST: Former interim coach Joe Prunty; G Brandon Jennings (waived); F Jabari Parker (signed with Bulls) RETAINED: None THE KEY MAN: G Eric Bledsoe. His departure from Phoenix early last season was messy. But once he got to Brewtown, Bledsoe solidified the Bucks at the point, averaging 17.8 points and 5.1 assists per game in 71 starts. At 28, Bledsoe faces the last year of his contract and will have to show a new coach he’s capable of running things long-term and playing alongside Giannis Antetokounmpo through the meat of his prime. THE SKINNY: Budenholzer’s arrival should coincide with an improvement in the Bucks’ defense, something that former coach Jason Kidd could never quite accomplish. Ilaysova’s return for a second tour in Milwaukee should help, with his celebrated charge-taking skill and Lopez’s still-substantial size a double-boon to Milwaukee’s interior D as the Bucks were bottom 10 last season in points allowed in the paint (47.4 per game). If the paint becomes a little tougher to traverse, the Bucks should finally able to use their substantial length on the wing to get back to create deflections and turnovers, and get out in transition, where Antetokounmpo and Friends do their best work and their most damage to the opposition. They’ll do so 41 nights a year for the next couple of decades in the 17,500-seat Fiserv Forum, the Bucks’ new arena that will open in early September with a concert and should pump new revenues into the Bucks’ bloodstream, giving them more financial wherewithal to keep “The Greek Freak” surrounded with high-quality talent. 13. UTAH JAZZ 2017-18 RECORD: 48-34; lost in Western Conference semifinals ADDED: G Grayson Allen (No. 21 pick, 2018 Draft); G Jarius Lyles; G Naz Mitrou-Long LOST: F Jonas Jerebko (waived) RETAINED: G Dante Exum (three years, $33 million); F/C Derrick Favors (two years, $37.6 million), G Raul Neto (two years, $4.4 million); F Georges Niang (three years, $4.9 million) THE KEY MAN: C Rudy Gobert. He’s a monster presence, the hub of the Jazz’s defensive wheel and the reigning Kia Defensive Player of the Year. And he has to take a step back in Utah next season for the Jazz to take the next step forward. He has to understand what Utah has in Donovan Mitchell and let that kid eat. Nobody in the league can do what Gobert does defensively. So embrace that and concentrate on that -- take the Draymond Green attitude about being the “defensive guy” on a great team (not that Jazz fans want you to do anything that Green does). Gobert’s handsomely paid and the DPOY award found him in Salt Lake City; there’s no small-market bias at work here. So let Mitchell and Joe Ingles carry the shooting/scoring load, let Ricky Rubio orchestrate, and snuff out opponent dreams at the other end, night after night. It’s what you were born to do. THE SKINNY: My God, Mitchell had a great rookie season. And Utah brought most of the band back from last season to provide advice and consent for him again, re-signing Favors, Exum and Neto each on very reasonable contracts. Doing so leaves Utah over the cap, still comfortably under the tax, and with nothing on the books that should raise an eyebrow financially. (Utah’s front office should handle my checking account for a while.) Anyway, no reason to expect any backsliding next season with the crew returning, though coach Quin Snyder will surely miss the counsel of his longtime friend Igor Kokoskov, off to run the Suns. 14. ATLANTA HAWKS 2017-18 RECORD: 24-58; missed playoffs ADDED: Coach Lloyd Pierce; F Justin Anderson (acquired from 76ers); G Kevin Huerter (No. 19 pick, 2018 Draft); C Alex Len (two years, $8.5 million); G Jeremy Lin (acquired from Nets); F Omari Spellman (No. 30 pick, 2018 Draft); G Trae Young (No. 5 pick, 2018 Draft) LOST: Former coach Mike Budenholzer; G Antonius Cleveland (waived); G Damion Lee (signed with Warriors); F/C Mike Muscala (traded to 76ers); G Dennis Schröder (traded to Thunder); G Isaiah Taylor (waived) RETAINED: C Dewayne Dedmon (picked up player option) THE KEY MAN: GM Travis Schlenk. The second-year executive will be judged on how well Atlanta uses its trove of Draft picks -- three firsts this year, three firsts next year, two firsts in 2022 -- the next few years. And, ultimately, the Hawks will live or die by whether Young or Luka Doncic becomes the bigger NBA producer. Schlenk’s chances of completing the rebuild may well ride on that. THE SKINNY: The Hawks’ roster teardown is nearing completion, but the renovated Philips Arena will come online faster than the team, which now needs Young to live up to all the hype after his one season at Oklahoma. He has incredible range and great potential, but he’ll be challenged every night to stay in front of the legion of great points in this league. Pierce, the former Sixers’ assistant, is going to have a very tough time melding all the newcomers with the small core of players who survived, including John Collins, Kent Bazemore, DeAndre' Bembry and Taurean Prince. 15. LA CLIPPERS 2017-18 RECORD: 42-40; missed playoffs ADDED: C Marcin Gortat (acquired from Wizards); G Shai Gilgeous-Alexander (No. 11 pick, 2018 Draft); F Johnathan Motley (acquired from Mavericks); F Mike Scott (one year, $4.3 million); F Luc Mbah a Moute (one year, $4.3 million), G Jerome Robinson (No. 13 pick, 2018 Draft) LOST: G Austin Rivers (traded to Wizards); C DeAndre Jordan (signed with Mavs); G C.J. Williams (waived) RETAINED: G Avery Bradley (two years, $24.9  million); C Montrezl Harrell (two years, $12 million); G Wesley Johnson (picked up player option); G Milos Teodosic (picked up player option) THE KEY MAN: F Tobias Harris. He was the key tangible piece of the Blake Griffin trade last season (the intangible being the unprotected first from Detroit in the deal that eventually became Gilgeous-Alexander after a Draft night trade with Charlotte). And Harris played quite well in his 32 games with the Clips, averaging 19.3 points and six rebounds per game. Those numbers could each well go up in a contract year and with few others outside of Lou Williams on the roster that can go get their own buckets. THE SKINNY: Amazing, but true: the Clipper player with the longest current tenure is … Wesley Johnson, who came aboard in 2015. “Lob City” is in the history books and change will be the norm here for a while, including next summer, when the Clippers expect to be a free-agent destination. The Clips did what they could with that not-insignificant restriction, but the best stuff was in the Draft, winding up with a potential long-term point in Gilgeous-Alexander and a two in Robinson that rocketed up the pre-Draft charts. Bradley’s on a very team-friendly and controllable contract, as is Patrick Beverley, whose modest 2018-19 salary isn’t guaranteed until January. Those two and Mbah a Moute can give coach Doc Rivers hope that he can get some stops on the perimeter, because while Gortat is still willing defensively and still takes a bunch of charges, he is not Jordan when it comes to rim protection. 16. BROOKLYN NETS 2017-18 RECORD: 28-54; missed playoffs ADDED: F/C Ed Davis (one year, $4.4 million); F Jared Dudley (acquired from Suns); F Kenneth Faried (acquired from Nuggets); G/F Treveon Graham (two years); F Rodions Kurucs (No. 40, 2018 Draft); F Dzanan Musa (No. 29 pick, 2018 Draft); G Shabazz Napier (two years, $3.7 million) LOST: F Darrell Arthur (traded to Suns); F Dante Cunningham (signed with Spurs); C Dwight Howard (waived); G Jeremy Lin (traded to Hawks); C Timofey Mozgov (traded to Hornets); G Nik Stauskas (signed with Blazers); G Isaiah Whitehead (traded to Nuggets) RETAINED: G Joe Harris (two years, $16 million) THE KEY MAN: Co-owner Joseph Tsai. The Alibaba executive and billionaire has 49 percent of the team, and can buy majority control from Mikhail Prokhorov by 2021. Until then, they’ll run the team jointly, so no matter Prokhorov’s ups and downs, Brooklyn’s financial spigot should never run dry. Tsai reportedly has designs on expanding the Nets’ brand further in China, just as Prokhorov believed the Nets had global reach. They didn’t, at least not the post-KG and Pierce squads. THE SKINNY: If you love Ed Davis like smart people who know basketball do, Brooklyn makes the top half by bringing the ex-Blazer in on a short deal. If he plays great, he’ll cost the Nets a pretty penny in 2019, but Brooklyn has to take chances on guys who can outperform their contracts. The only thing the Nets couldn’t do was take on more ’19 salary when they’ll be in line to potentially add two max players. Won’t be easy to lure the elites, but Brooklyn also has accumulated enough assets to be able to make uneven trades for salaries if need be. In the interim comes next season, with coach Kenny Atkinson needing to continue to develop diamonds in the rough like Graham, who Cleveland wanted and who will help the Nets at multiple positions. 17. CHICAGO BULLS 2017-18 RECORD: 27-55; missed playoffs ADDED: G Antonius Cleveland; C Wendell Carter Jr. (No. 7 pick, 2018 Draft); F Chandler Hutchison (No. 22 pick, 2018 Draft); F Jabari Parker (two years, $40 million) LOST: F Jerian Grant (traded to Magic); G Sean Kilpatrick (waived); G Julyan Stone (waived); F Noah Vonleh (signed with Knicks); G Paul Zipser (waived) RETAINED: G Antonio Blakeney; G Zach LaVine (matched four year, $78 million offers sheet from Kings) THE KEY MAN: G Kris Dunn. As the 24-year-old will be every season he’s in Chicago. The Jimmy Butler trade in 2017 yielded the pick that became Lauri Markannen, and he’s also a key piece to the Bulls’ future. But Chicago won’t ever get elevation again if Dunn doesn’t become an elite point guard in a league full of them. He showed signs last season that he could be just that, most notably a December in which Dunn averaged 14.9 points and eight assists, and the Bulls went 10-6. But a concussion in January derailed Dunn’s progress and his production fell sharply the rest of the season. THE SKINNY: Can Parker play the three, as the Bulls insist he can? There isn’t a ton of evidence suggesting so, and Parker’s hypothesis that he isn’t getting paid to play defense does not provide much comfort. But the Bulls will try him there alongside Markannen and rookie Carter Jr. in what would be a huge frontcourt. Almost $20 million annually for LaVine going forward is also a stretch, but less of one if LaVine comes all the way back from his 2017 ACL tear with a full training camp and season. Carter may be more important to the Bulls’ hoped-for resurgence than Parker and LaVine; the Duke big man has that much potential. 18. WASHINGTON WIZARDS 2017-18 RECORD: 43-39; lost in first round ADDED: C Thomas Bryant; G Troy Brown (No. 15 pick, 2018 Draft); F Jeff Green (one year, $2.5 million); C Dwight Howard (two years, $11 million); G Austin Rivers (acquired from Clippers); G Issuf Sanon (No. 44 pick, 2018 Draft) LOST: C Marcin Gortat (traded to Clippers); F Mike Scott (signed with Clippers) RETAINED: G Jodie Meeks (picked up player option); C Jason Smith (picked up player option) THE KEY MAN: Coach Scott Brooks. Entering his third season in Washington, Brooks keeps saying he wants the Wizards to defend and play fast. But he has to follow that up with action, especially when and if John Wall doesn’t provide the on-ball defense Washington needs to have any chance to unleash a still-potent fast break. Wall is 27 and, if healthy, in his prime. The team takes almost all of its cues from him; when he’s locked in, the Wizards can compete with anyone. But when he’s indifferent, so are they -- as evidenced by their horrible record against bad teams. Brooks has to demand Wall’s best, or be ready to limit his minutes. THE SKINNY: NBA protocol almost demands you hate the pickup of Howard, such is his current perceived valued among many after multiple stops the last few seasons. The guess here is that Howard won’t hijack the Wizards’ locker room, as he had been accused of while in with the Houston Rockets and Charlotte Hornets, especially. Howard’s skill set can help Washington, which fell off defensively last season. But there’s also not much sense he’ll be a significant pick-me-up in D.C., either. He can’t stretch the floor and he’s not especially potent finishing in pick and roll, either. But the Wizards should at least be deeper off the bench with Green, who played well for the Cavs last season, and Rivers, who gives Washington legit guard depth along with Tomas Satoransky. 19. SACRAMENTO KINGS 2017-18 RECORD: 27-55; missed playoffs ADDED: F Nemanja Bjelica (three years, $20.4 million); C Marvin Bagley III (No. 2 pick, 2018 Draft); G Yogi Ferrell (two years, $4.1 million); G Ben McLemore (acquired from Kings); F Deyonta Davis (acquired from Grizzlies) LOST: G Garrett Temple (traded to Grizzlies) RETAINED: G Iman Shumpert (picked up player option); C Kosta Koufos (picked up player option) THE KEY MAN: F Harry Giles. The Kings traded for the one-and-done forward on Draft night 2017 and redshirted him, feeling he needed a year to fully recover from the multiple knee surgeries he’d undergone the last three years. Those surgeries stopped his top-five Draft potential in its tracks, before and after a year at Duke. But Giles is back on the floor, having flashed his skills during NBA Summer League, as Sacramento gushed about his progress. If the 20-year-old is ready to roll come October, he could be an enormous boost. He’ll have to at least become a contributor, lest folks remind the Kings they passed on the likes of Kyle Kuzma and O.G Anunoby to trade for his rights. THE SKINNY: Bagley III has superstar potential, and he better become one, or the Doncic Stans among the Kings’ fan base will have aneurysms. The Kings were all over everyone, seemingly, this summer, dropping sheets on Zach LaVine, almost doing the same with Marcus Smart and Jabari Parker, and going after unrestricted free agent Mario Hezonja. All well and good, and getting Bjelica out from under Philly and prying Ferrell from Dallas were decent late July pickups. But it will be Bagley III who’ll be under the microscope. His skill sets are prodigious and he’s been working out feverishly all summer. And he wants to make a mark in restoring the Kings to where they were on the floor during the Webber Years. He worked out for them. He’s enthusiastic about them. That counts for something. 20. HOUSTON ROCKETS 2017-18 RECORD: 65-17; lost in Western Conference finals ADDED: G Michael Carter-Williams (one year, $1.5 million); G De'Anthony Melton (No. 46 pick, 2018 Draft); F Vincent Edwards (No. 52 pick, 2018 Draft) LOST: F Trevor Ariza (signed with Suns); Luc Mbah a Moute (signed with LA Clippers); C Chinanu Onuaku (traded to Mavs) RETAINED: C Clint Capela (five years, $90 million); G/F Gerald Green (one year, $2.3 million); G Aaron Jackson (picked up team option); G Chris Paul (four years, $159 million) THE KEY MAN: Jason Biles, Joe Rogowski, Keith Jones and Javair Gillett -- the Rockets’ athletic trainers, sports performance and rehab staff. Their only mission next season, should they decide to accept it, is to get Paul through an 82-game regular season and a two-month playoff slog without breaking or pulling anything of importance that keeps him out of key games. Of course, should any of the staff be unsuccessful, the Morey will disavow any knowledge of their employment. Good luck, men. THE SKINNY: We have not yet included Carmelo Anthony, who will be signing in Houston any minute now. When he’s officially on the roster, he’ll certainly help, and we all saw that even Houston can go through extended scoring droughts in the playoffs. Having Anthony around should alleviate that. The Rockets may have had the best signing of the summer, keeping the 24-year-old Capela locked up long-term for $18 million per -- incredible value these days, given the way salaries are skyrocketing. But that was mitigated by the losses of Ariza and Mbah a Moute, who were crucial to the switching defense Houston employed and perfected by the playoffs, which threw sand in the gears of the Warriors’ impenetrable offense and would likely have propelled the Rockets to The Finals if Paul hadn’t gotten hurt in Game 5. Ennis and Carter-Williams will help some in that regard, but they don’t have the resume of Mbah a Moute and Ariza -- which means they sometimes won’t get the benefit of the doubt from refs that the old heads do. Houston’s still the clear number two to Golden State in the West, but the gap between the Rockets and the best of the rest has closed. Longtime NBA reporter, columnist and Naismith Memorial Basketball Hall of Famer David Aldridge is an analyst for TNT. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsAug 8th, 2018

PH manufacturing growth slows

Philippine manufacturing growth slowed markedly in July, global research firm IHS Markit said on Wednesday as it released the results of the latest Nikkei Philippines Puchasing Managers Index (PMI). The latest reading of 50.9 ­—down from 52.9 a month earlier — “was the lowest for five months and represented only a marginal improvement in the [...] The post PH manufacturing growth slows appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 1st, 2018

U.S. tech stocks continue to slide on weak day for global equities

NEW YORK, USA – Global stocks fell Monday, with US tech equities suffering another significant tumble on worries of slowing growth in the influential sector. The tech-rich Nasdaq Composite Index in New York shed 1.4%, the third straight day it had lost at least 1%. The Dow and S&P 500 also ........»»

Category: newsSource:  rapplerRelated NewsJul 31st, 2018

PH Leaps to 60th Spot in Logistics Performance Index

The Philippines continues to improve its global ranking with the latest World Bank Logistics Performance Index (LPI) 2018 edition. From 71st spot in 2016, the country leaped to 60th among 160 countries ranked according to their trade logistics performance. “We are now reaping the fruits of the government’s reforms and these are seen globally. Guided […].....»»

Category: newsSource:  metrocebuRelated NewsJul 30th, 2018

PH leaps to 60th spot in Logistics Performance Index

The Philippines (PH) continues to improve its global ranking with the latest World Bank Logistics Performance Index (LPI) 2018 edition.  From 71st spot in 2016, the country leaped to 60th among 160 countries ranked according to their trade logistics performance. “We are now reaping the fruits of the government’s reforms and these are seen globally. […].....»»

Category: newsSource:  boholnewsdailyRelated NewsJul 28th, 2018