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Philippine infrastructure open to foreign companies though risks weigh -- BMI

FOREIGN FIRMS looking for good infrastructure deals will find the Philippines attractive, Fitch Group's BMI Research said in a note, even as it flagged operating and political risks as key dampers......»»

Category: newsSource: bworldonline bworldonlineAug 1st, 2017

PH infra risk/reward score declining – BMI

Risks continue to weigh on the Philippine infrastructure, a Fitch Group unit said, with the country’s risk/reward rankings having deteriorated from last year. “Although the Philippines continues to be one of the most opportune infrastructure markets in Asia, the market’s RRI (Risk/Reward Index) score has gradually deteriorated due to persistent challenges in meeting project implementation [...] The post PH infra risk/reward score declining – BMI appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 26th, 2018

PH eyeing other foreign telco players – Pernia

The country will open up its telecommunications sector not only to Chinese companies but also to other foreign investors, Socioeconomic Planning Secretary Ernesto Pernia said Saturday. “The best offer would be picked from other offers as well,” Pernia told reporters at the sidelines of the 2017 Philippine Association for Chinese Studies Conference in Pasig City, [...] The post PH eyeing other foreign telco players – Pernia appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsDec 2nd, 2017

LIBERALIZATION OF TELECOMS TO BRING HIGHER CHARGES

The Duterte administration’s call for “immediate steps to ease foreign investment limits” in the country “will only open up the Philippine economy to further foreign strangle and unjust control, particularly the basic and strategic industries, like telecommunications, infrastructure, health and media.".....»»

Category: newsSource:  kagay_anRelated NewsNov 27th, 2017

Construction market’s lure limited by risks

DESPITE favorable rules, the Philippine construction market’s attractiveness is being limited by operational and political risks, think tank BMI Research said on Tuesday. “The Philippines’ construction industry has among the most favorable regulatory frameworks for private and foreign investments in Asia, including robust PPP laws, and ambitious infrastructure initiatives,” the BMI said in a report. [...].....»»

Category: newsSource:  manilatimes_netRelated NewsAug 2nd, 2017

DOC VOLLEYBALL: A Dilemma on Loop?

Flashback to March 2017, the whole volleyball community was abuzz about a newly formed national team set to compete in the Southeast Asian Games of that year as tryouts were held, but certain players, particularly from the Ateneo de Manila University, were allegedly not invited. An apology was then issued and special tryouts were held to accommodate the aforementioned athletes. Flashback to 2015, with a newly formed organization in Larong Volleyball sa Pilipinas, Inc. (LVPI) taking the reins from the Philippine Volleyball Federation (PVF) as the volleyball authority in the country, the future looked bright as for the first time in recent history, both the men’s and women’s teams were being sent to the Singapore SEA Games as representation of the sport’s resurgence. As with any newly formed roster, the composition was mired in controversy especially with the men’s team, which was composed of predominantly of young players. Flashback to 2014, with the power struggle between the aforementioned LVPI and PVF, the latter formed the infamous Amihan and Bagwis squads as the women’s and men’s national teams, respectively. Backed by then sponsor PLDT, the rosters boasted of the some of the country’s best talents from both divisions with the likes of Alyssa Valdez, Mark Espejo, Ara Galang, Tatan Pantone, Ran Ran Abdilla and Mark Alfafara to name a few. Both teams never saw the light of day outside the country as the PVF eventually lost its accreditation leading to the teams’ eventual disbandment. And the theme went on as the previous years are revisited. Fast forward to present time, 2018, and once again the volley community is abuzz with the formation of yet again a new national team with a familiar scenario in which local favorites did not make the cut. With the volleyball scene at an all time high in local following, it is quite inevitable for varying opinions on who should have been included in the line-up given the wide pool of talents especially in the women’s division. Coupled with a sudden change in coaching staff, the new roster is once again under scrutiny given the process the team as a whole was structured from the beginning. Another New Beginning Without taking anything from the players and coaches of the new women’s national team, the composition is relatively deserving of the spots for the roster. While expected shoe-ins who have performed tremendously well in the local leagues like Myla Pablo, Maika Ortiz, and Tatan Pantone were not afforded a slot in the team, the new line-up is still pretty much capable of representing the country. Middles – Aby Marano is the best fit amongst the middles who made the final cut. With exceptional timing and good lateral movement, Marano is expected to perform in the position well offensively and defensively despite the lack of height for a middle blocker internationally. Her agility and aggressiveness with her net play more than justifies her inclusion and assignment as the team captain. Her DLSU successor Majoy Baron would add much needed support as the second middle as she has proven to have the power and timing of Aby though much work can still be done for her agility in the net. Baron’s aggressive floaters will also be of much benefit on the service line. Lastly, Mika Reyes would provide the height should the need arise especially against foreign teams with bigger size. Left Wing – Alyssa Valdez’ inclusion as left wing hitter is of no question as she continues to prove that she is one of the best open hitters in the local scene. Perhaps working more on her bulk and power is something the coaching staff must consider to ensure that she can carry over her local performance to the international scene. Dindin Santiago-Manabat and Ces Molina likewise have proven themselves much capable of being offensive threats from the left and their decent size will be of much benefit in blocking against slides and opposite attacks from foreign counterparts. It would be beneficial as well if Santiago-Manabat develops mastery of passing and if Molina becomes a significant threat with the pipe in order for both athletes to really excel in the position. Although Cha Cruz is not much of a power hitter as compared to the aforementioned left hitters, she would serve a special position as the service and defense specialist for the team. If in scenarios in which she will serve in for a middle, her floor defense is of much benefit in Zone 5 and with her background as a former setter, she is still capable of setting up a decent play should the setter get the first contact. Right Wing – Though much of her collegiate season has been utilized hitting from the middle, Jaja Santiago is undeniably more fit for the opposite position. Despite her height and power, which could be considered an automatic criteria for the middle, Santiago has much work to be done with lateral motion which is also a crucial component for middle hitters. With her vertical reach and power, she is better off racking up points from the right wing and right back row as the main offensive option for the team. Likewise, Kim Dy is also a shoo-in for the opposite position as evidenced by her consistency in scoring and blocking from the right. With Kim Fajardo calling the plays, Kim Dy would be beneficial in running faster or creative plays should the need arise. Setters – The selection of Fajardo and Jia Morado is not to be questioned as both have proven and continue to prove that they are top-notch setters in the country. Both setters are a shoo-in for the national team as both are equal in consistency with Fajardo showing mastery in working the middles and Morado displaying her skill in making the wings work for her. Not much can be argued really about the selection of the two athletes. A reserve setter in Rhea Dimaculangan would be also beneficial as she has the consistency and creativity as the aforementioned setters as well as the height, which would be important in blocking. Libero – Currently hailed as one of Southeast Asia’s finest, Dawn Macandili is undeniably a good choice for the main libero position. With her agility and speed to pop up digs and impossible saves, her presence on the floor is highly beneficial for the team on transition defense. On the other hand, her counterpart Denise Lazaro has proven to be highly consistent from the receiving end of services making her inclusion as part of the regular roster and not just a reserve undeniably essential. With Lazaro setting up the passing formation and Macandili guarding on transition, their combined specialized efforts will ensure the first step in letting the setters run the play for the team. A Shift in View Given the fact that the talent pool in the women’s division is deep, player selection will always be put on debate as not all favored athletes will be included. Perhaps a good way of viewing the matter is that given the yet again short preparation time for the next international tournament, the coaching staff would best select players who they have already established a good working relationship for a more seamless adaptation of a new system. Rather than put into scrutiny the individual players, handpicked or not, the focus should be put on the system as a whole and how it can be further developed for the improvement of the sport. Yet again, the 2018 roster is proving to be another promising one as it has been almost every year when a new line-up is formed. More than bringing back pride to the country internationally in the tournaments immediately at hand, the bigger challenge for the national team is to prove itself not as yet another band aid solution in the attempt to have a continuous program. How the 2018 Team will prove itself different from its predecessors in past Asian/SEA Games would be the more important matter that should be put under the lens. With the sport currently a major source of livelihood for many athletes, the players are no longer the ones getting the short end of the stick but rather volleyball and its development as a whole should the loop continues. The country has much individual talent deserving of a spot in the team, but for as long as vested interests continue to rear their head in the Philippine Volleyball System, the level of the sport will continue to fall short in justifying its current local popularity.    .....»»

Category: sportsSource:  abscbnRelated NewsJun 18th, 2018

DFA halts appointment schedule due to system maintenance

Philippine passport The Department of Foreign Affairs (DFA) said on Saturday that it would not open appointment slots for June 16, due to system maintenance. In an advisory, the DFA said that the c.....»»

Category: newsSource:  philippinetimesRelated NewsJun 16th, 2018

FX system, bond mart overhaul part of financial market reform, says DOF chief

The central bank's plan to overhaul the foreign exchange system and fiscal authorities' push to accelerate the development of the fixed income bourse are linked to an overarching strategy on market reform, according to the head of the Duterte administration's economic team. In particular, Finance Secretary Carlos Dominguez III said the two parallel moves on the monetary and fiscal tracks were meant to improve liquidity, price discovery and stability, and the infrastructure of the country's currency, bond and stock markets. "Our reforms are geared toward enhancing the overall efficiency of the Philippine capital markets by focusing on their core elements," he said in an e-mail to th...Keep on reading: FX system, bond mart overhaul part of financial market reform, says DOF chief.....»»

Category: newsSource:  inquirerRelated NewsJun 12th, 2018

Hope Solo says don t vote for US World Cup bid

By Rob Harris, Associated Press LONDON (AP) — A World Cup winner and Olympic champion with the United States, Hope Solo now wants her country to lose one of its biggest soccer contests: FIFA's vote on the 2026 World Cup host. "I can't say it should be awarded to Morocco," Solo told The Associated Press. "But I don't think it should go to the United States, and that's hard to say." Concerns about the financial dealings of the United States Soccer Federation and the closed men's league system led Solo to that conclusion. By choosing to actively campaign against the U.S.-led North America bid, Solo risks alienating herself further from the soccer community in her homeland. The bid leadership was exasperated when informed Solo was undermining their efforts heading into Wednesday's vote, dismissing her criticism of the governance of soccer but declining to go on the record in detail. This is not an isolated eruption against U.S. Soccer. Solo has reason to be disgruntled. After 202 international appearances — a record for an American goalkeeper — Solo was fired over an outburst at the 2016 Olympics against the opposition and a series of off-the-field controversies. In an attempt to take control of the organization that ostracized her, Solo ran for the U.S. Soccer Federation (USSF) presidency in February. There was a resounding verdict: Solo garnered only 1.4 percent of the vote to finish last out of five candidates. Solo still wants to be heard to try to secure equal pay and equal treatment for the U.S. women's team, and force Major League Soccer to open up the closed competition. Her gripes provide a counterpoint to the loyal championing of the American World Cup bid by David Beckham in a video released by MLS, where the former England captain is launching a team in Miami. That is only possible because Beckham secured a cut-price deal for an expansion franchise as part of his contract to play for the Los Angeles Galaxy. "That is not helping the sport in America," Solo said. "I want to see promotion-relegation in the NASL and the MLS. Right now it's true, you have rich ownership groups owning MLS teams and they're only getting richer and they're alienating everybody else. "A new ownership group can't just come in and purchase a team even though they have the financial security, even though they have the commitment. It's controlled by those single individuals at Soccer United Marketing, MLS in particular, (Commissioner) Don Garber." FIFA's statutes enshrine the principle of a system of promotion and relegation in domestic competitions to ensure participation "shall depend principally on sporting merit." The regulations then say that qualification can be subject to other criteria including "financial considerations." MLS stridently defended itself against Solo's criticism, saying team owners have invested more than $3 billion in stadium and training facilities to grow the sport because it's a closed league. "The structure that we have has given owners certainty to make that type of investment," MLS President and Deputy Commissioner Mark Abbott told the AP. "Had we had a system of promotion and relegation it would not have been possible to generate that level of investment from owners, local communities or private banks that help to fund some of these facilities." Solo also questioned Garber's role overseeing MLS and Soccer United Marketing, which is the exclusive marketing partner of U.S. Soccer, while also sitting on the USSF board. "There are too many conflicts of interest that need to be addressed immediately," Solo said. Garber represents MLS on the U.S. Soccer board but recuses himself from discussions about the "sanctioning of other professional leagues in the U.S.," Abbott responded on behalf of the commissioner. Turning on the USSF, Solo said the organization lacks integrity and highlights the absence of an independent ethics committee, which FIFA has. She also filed a claim with the U.S. Olympic Committee, saying the USSF violates a law that offers protections for athletes, alleging improper conditions for soccer players. "If you're an Olympic sport, your national governing body, every NGB has an obligation to give resources and funds to all of its members, not just professional and amateur players or Paralympic team women's teams or youth teams," Solo said. "But what U.S. Soccer does is they give the money directly to the pro teams. So it's in violation of the Ted Stevens Act and I have a hearing in a couple weeks in front of the Olympic Committee. "I also met with Congress members recently. I went to Capitol Hill, met with Republicans and Democrats, and there's a lot of interest to make sure that U.S. Soccer is an organization that actually is run transparently, has integrity and is an open and honest national governing body." Up to 207 soccer federations will vote next Wednesday in Moscow on whether North America or Morocco should host the 2026 World Cup, or the bidding should be reopened by choosing "none of the above." In FIFA's inspections report, North America's bid, which includes Canada and Mexico as minority partners, scored 402 out of 500, while Morocco was marked 275 in part due to a lack of infrastructure. "Hopefully FIFA can stand up and step in and say, 'If we're going to reward you, let's look at everything and point out where you can fix certain things,'" Solo said. Her call for greater transparency from the USSF came after speaking at the London launch conference for the Foundation for Sports Integrity, which has one named official who would not disclose the source of funding for the group or who paid to hire lavish facilities at a Four Seasons hotel. "I want to put my faith and trust in people," Solo said. "Who's funding it? That's no different from the way a lot of organizations are run.".....»»

Category: sportsSource:  abscbnRelated NewsJun 8th, 2018

Eric Cray leads Philippine bid in national athletics meet

     ILAGAN CITY – Eric Cray leads members of the national team who will be tested to the fullest by foreign challengers in the 2018 Ayala Philippine National Open Invitational Athletics Championships, which goes full blast here on Thursday, May 31, at the sprawling Ilagan City Sports Complex. Cray, a two-time ........»»

Category: newsSource:  rapplerRelated NewsMay 30th, 2018

Net hot money inflows hit $1.2B

Short term foreign investments through local financial markets surged in the first four months of the year, with companies listed on the Philippine Stock Exchange serving as the biggest draw to ove.....»»

Category: newsSource:  philippinetimesRelated NewsMay 21st, 2018

Foreign bowlers top round 1 finals

Mike Chan of Hong Kong ruled the men’s Open round 1 finals by a slim margin yesterday at the second PBF Pagcor Philippine International Open at the Coronado Lanes at Starmall in Mandaluyong......»»

Category: sportsSource:  philstarRelated NewsMay 13th, 2018

ABF tour champ takes charge in PBF-PIO foreign

Hussain Alsuwaidi, a six-time Asian Bowling Federation Tour champion, seized control of the men’s Open qualifying pool for foreign bowlers yesterday at the second PBF Pagcor Philippine International Open......»»

Category: sportsSource:  philstarRelated NewsMay 10th, 2018

Foreign teams, organizers impressed with Filipino crowds, hosting of FIVB World Tour Manila Open

The Philippines proved to the world that it can host a magnitude of an event such as the FIVB Beach Volleyball World Tour Manila Open.  Beach Volleyball Republic co-founder Charo Soriano was delighted that as first-time hosts, the country was able to hold a successful international beach volleyball tournament.  "I'm very much humbled and very happy. It's was very fulfilling to see the number of people watching and the amount of support that we are getting for beach volleyball -- not only for the Philippine team but even for other athletes as well," said Soriano.  Playing in front of a big appreciative crowd that packed Sands SM By The Bay, Japan’s Ayumi Kusano and Takemi Nishibori won their first World Tour women's gold medal following a quick 21-14, 21-18 conquest of Spain’s Maria Belen Carro and Paula Soria in the final. Germany’s Max-Jonas Karpa and Milan Sievers also snatched their first-ever FIVB World Tour men's gold, beating Russia's Petr Bakhnar and Taras Myskiv in come-from-behind fashion, 15-21, 23-21, 15-9. Filipino fans were treated to and spoiled with world-class beach volleyball action in the four-day, one-star tournament.     "Hopefully this is the start. This can be the catalyst for what we really want, which is beach volleyball to be here in the Philippines. And it’s a sport for the masses talaga. A sport that people can enjoy and that everybody can learn to love as well," Soriano said. Among the four Filipina pairs that competed, Sisi Rondina and Dzi Gervacio advanced the most, making it to the quarterfinals. Meanwhile, reigning BVR national champions Karen Quilario and Lot Catubag secured a round-of-12 spot and were just a point away from advancing to the top eight. Both feats, Soriano considered to be a breakthrough for the sport in the country.  The Filipinas defied tremendous odds - especially with Rondina and Gervacio beating much taller and experienced pairs from the United States and Canada, and Quilario and Catubag, who pushed reigning Asian U19 champions Thailand to three extended sets before losing in a valiant effort.  "It's a very momentous event, this one," said Soriano, who herself competed along with Bea Tan. "First, because a lot of the Philippine teams really didn't have programs prior to this event. We have BVR, we have regional tours, we have national championships. But in terms of having a proper national training pool program, it's still non-existent. But despite that, we were able to garner wins in the first-ever FIVB tournament that we are entering as national team.   "Napakasaya po kasi we are very proud of the rest of the Philippine delegation. Even though our men's teams didn't really win, you can really see that they were competent. They were competitive."  The FIVB World Tour is a good gauge for those vying for slots in future beach volleyball tournaments like next year's Southeast Asian Games that the Philippines is hosting.  Soriano thanked Larong Volleyball sa Pilipinas Inc. acting president Peter Cayco and secretary-general Ricky Palou for their support and overseeing the event. The event is supported by Dataland, Dataland Residentials, The Olive Place, Rebisco, Creamline, Globe, Maynilad, Gatorade, Tryp and Hotel 101. "We just need the proper support and of course, continous programs in time for SEA Games next year. That's really the goal and that's why we wanted to push for an international tournament as well in preparation for next year's SEA Games," said Soriano.  With the way the Manila Open has turned out, another one-star tournament in the coming years is not far fetched. "For sure, it won't be the last," said Soriano. "Being the first-time hosts and speaking as an organizer, we had setbacks as well, we had problems, but nothing that teamwork cannot fix.".....»»

Category: sportsSource:  abscbnRelated NewsMay 7th, 2018

Philippines to borrow more from foreign lenders

MANILA, Philippines – The Philippine government is borrowing more than it initially expected from countries like China, Japan, and South Korea, citing "good" interest rates for major infrastructure deals, said the  Development Budget Coordination Committee (DBCC) . Budget Secretary Benjamin Diokno said the government decided to hike the share of foreign borrowings to 25% ........»»

Category: newsSource:  rapplerRelated NewsApr 25th, 2018

World Bank says Philippine human capital investments to counter overheating

The Philippines needs more investments in infrastructure and human capital, particularly upgrading the skill sets of workers for higher-paying jobs to be able to counter risks of an overheating economy, the World Bank Group said......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2018

Rate hikes to weigh on loan growth

Philippine banks will remain stable, a Fitch Group unit said as it also warned that expected interest rate hikes would weigh on loan growth. “We expect the Philippine banking system to remain stable over the medium term as risks to financial stability, albeit rising, remain low,” BMI Research said in a report released late on [...] The post Rate hikes to weigh on loan growth appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsApr 12th, 2018

Risks could keep Philippine growth from hitting official target

THE PHILIPPINES “continues to enjoy favorable macroeconomic prospects”, but risks ranging from weak state capacity to ramp up implementation of infrastructure projects to prospects for overheating could keep overall economic growth from hitting the government’s 7-8% annual target for much of President Rodrigo R. Duterte’s term, regional think tank ASEAN+3 Macroeconomic Research Office (AMRO) said […] The post Risks could keep Philippine growth from hitting official target appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 17th, 2018

BSP, SEC caution public on cryptocurrencies

While keeping an open mind to the growing popularity and usefulness of cryptocurrencies, Philippine financial regulators are watching out for risks that these digital tokens pose to the financial system and to investors who get sucked into the hype. Cryptocurrencies or digital tokens are not likely to replace fiat money anytime soon, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said in forum on cryptocurrencies organized by the Shareholders Association of the Philippines on Monday. The BSP recognizes the huge potential of digital technology, including cryptocurrencies, which is an emerging medium of exchange globally. However, Espenilla urged the public to take c...Keep on reading: BSP, SEC caution public on cryptocurrencies.....»»

Category: newsSource:  inquirerRelated NewsMar 14th, 2018

PSEi down as foreign selling continues

  The local stock barometer slipped yesterday as investors lacked fresh incentives to load up on large-cap stocks at a time when foreign investors were still on the selling mode. The main-share Philippine Stock Exchange index (PSEi) shed 9.34 points or 0.11 percent to close at 8,372.51 as investors focused on trading companies outside the PSEi. Elsewhere in the region, stock markets mostly firmed up on hopes for improved US-North Korean relations. Based on wire reports, US President Donald Trump was ready to meet North Korean leader Kim Jong-un for the first US-North Korea Summit, welcomed by many as a breakthrough in the geopolitical arena. For the week, the PSEi sh...Keep on reading: PSEi down as foreign selling continues.....»»

Category: newsSource:  inquirerRelated NewsMar 9th, 2018

Solaire Philippine Open lures stellar international cast

MANILA, Philippines – Three former champions, 30 mainstays of One Asia Tour and 45 others from PGT Asia and invited players make up the bulk of the foreign c.....»»

Category: newsSource:  philstarRelated NewsFeb 27th, 2018