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Phinma Energy hauls PSALM to court

MANILA, Philippines — State-run Power Sector Assets and Liabilities Management Corp......»»

Category: financeSource: philstar philstarSep 13th, 2017

PSALM defends decision to terminate contract with Phinma Energy

PSALM defends decision to terminate contract with Phinma Energy.....»»

Category: financeSource:  thestandardRelated NewsSep 18th, 2017

PHINMA Energy to file case against PSALM

PHINMA Energy to file case against PSALM.....»»

Category: newsSource:  rapplerRelated NewsSep 12th, 2017

Phinma Energy to sue PSALM for IPPA contract termination

MANILA, Philippines — Phinma Energy Corp. is taking state-run Power Sector Assets and Liabilities Management Corp......»»

Category: financeSource:  philstarRelated NewsSep 11th, 2017

Gilas hopeful Remy Martin s dreams go beyond the basketball court

Any cager dreams of making it big in the NBA. Just ask Filipino-American point guard Remy Martin of the Arizona State University Sun Devils. But amid his success in the U.S., it's still true to Martin's nature to tap into his Pinoy roots. Aside from openly saying that he dreams of playing for Gilas Pilipinas, he's also manifesting his Pinoy upbringing through his goals. "Being raised in that Filipino household has stuck with me and made me the person I am today," Martin said via Craig Morgan in an interview for thesundevils.com.  "They care for you, they show you love and they are so supportive. That's what I want to be for others," Martin reflects. Now currently seeking further success in the U.S., Martin hopes to inspire Filipinos to reach for the stars, while keeping their roots firmly intact. "Every time I look at it, all I want to do is help the culture, let people know that there are Filipino basketball players that can play at this level and potentially do more," he said. More than basketball, however, Martin wants to give hope, empower Pinoy kids to dream bigger.  "Every time I step out on that court it's for them. It's for hope. I want to help the kids there be more motivated and see that there is another path." Born to Filipina Mary Ann Macaspac, Martin carved out a name for himself during his high school days at Sierra Canyon School in Chatsworth, California by possessing a certain drive and defensive focus not usually seen from younger prospects. Now in college, Martin says he wants his defense to be his calling card. At 5'11" his intensity on the less glamorous end of the court gives him an edge among his taller, more physically gifted peers. As he bares: "I try to capitalize on the little things like playing defense because it's mental and it's mostly heart." Heart. Sounds familiar, right? That's the undying phrase embedded in the Pinoy basketball psyche as the battle cry of Gilas Pilipinas. And it's his Puso -- and defense -- that's earning him praise from head coach and former Duke Blue Devil Bobby Hurley. "He's just got a great fire and passion and positive energy," Hurley said via thesundevils.com. "He likes to demoralize the opponent if he can; just wear him down into submission just because of how hard he's willing to play on defense and then create." And by working hard and being himself, Martin is slowly coming close to his goal. "Imagine being LeBron James here and having that kind of impact on kids," Martin said, "It's about knowing that they have somebody where they can say 'oh, look, we have him. We have somebody that has been through this' and they can follow that." He reportedly wants to visit the Philippines "within the next couple of years" but for now, he's doing his part in inspiring the next generation of Pinoy ballers. "Maybe I can pave the way for those kids to get some exposure. Why not? Why can't I do it? Because I'm small? OK, well, I'll be the first one then," he said.  H/T thesundevils.com.....»»

Category: sportsSource:  abscbnRelated NewsNov 15th, 2017

On point: Thomas making progress, could join Cavs earlier

By Tom Withers, Associated Press INDEPENDENCE, Ohio (AP) — Day by day, dribble by dribble, Isaiah Thomas looks a little more like an All-Star point guard — like himself. And just maybe like one who can rescue the reeling Cavaliers. Thomas has been increasing the intensity of his workouts and is making strong progress in his recovery from a serious hip injury that ended his 2016 season in Boston and delayed his debut with Cleveland. As Cavs coach Tyronn Lue and a member of Cleveland’s medical staff kept an eye on him from an adjacent floor at Cleveland Clinic Courts, Thomas broke a healthy sweat during a workout Monday (Tuesday, PHL time) under the guidance of assistant coach Phil Handy, who fired him passes and praise. Thomas worked on his three-pointer, man-to-man defense, conditioning, ball handling and free throws as he nears a return that may be coming sooner than imagined. Isaiah Thomas doing more and more. #Cavs pic.twitter.com/hdttYp9jxx — Tom Withers (@twithersAP) November 6, 2017 Although the team has not disclosed any change from its original timetable estimate of the end of December, it’s apparent that Thomas is getting closer. At 4-6, and lacking a second scorer to complement LeBron James, the Cavs might be tempted to rush Thomas along. But Lue said it’s imperative for the team to stick with its plan so as not to harm the 28-year-old. “We have to make sure he’s 100 percent,” Lue said Monday (Tuesday, PHL time) as the Cavs regrouped following an embarrassing loss to the Atlanta Hawks. “We have to worry about him as a player and a person. If he’s not right, not healthy, we don’t want to rush him back to set him back even more.” Thomas isn’t keeping his status any kind of secret. In the first few weeks of his rehab, he kept a lower profile as he worked out in the team’s facility away from reporters and cameras. Lately, he’s been front and center, giving everyone a glimpse of the strides he’s made in coming back from a torn labrum. Lue credited Cleveland’s training staff with a slow, steady approach in bringing along Thomas, who came to the Cavs in the blockbuster trade last summer that sent Kyrie Irving to the Boston Celtics. Irving and the Celtics have won nine straight and lead the Eastern Conference. Meanwhile, Cleveland has remained patient, although it’s clear that Thomas can’t wait to get back onto the floor in meaningful games. I️ just wanna HOOP!!!!! — Isaiah Thomas (@Isaiah_Thomas) November 6, 2017 “I just wanna HOOP!!!!!” he tweeted Sunday night (Monday, PHL time). The Cavs need him. Without Irving, the Eastern Conference champions lack a proven scorer to take some pressure off James. Thomas won’t help Cleveland’s suspect defense. In fact, it might be a little worse with him on the court, but its offense would go to another level with Thomas. He can drive. He can shoot. He can get to the line. “We still have a 30-point scorer, All-Star point guard that’s coming soon,” James said recently. “So that’s exciting.” Once he returns, Thomas is expected to move into the starting lineup, with Derrick Rose coming off the bench and running the Cavs’ second unit. It’s been dreadful starts by the Cavs’ first five that have been at the heart of their early struggles. Thomas could fix that, but until he’s ready, the Cavs have to come out with more energy and a greater sense of urgency. More Isaiah. pic.twitter.com/Gijxm5fUXc — Tom Withers (@twithersAP) November 6, 2017 Thomas should also help Cleveland’s woeful three-point shooting. The Cavs enter Tuesday night’s (Wednesday, PHL time) game against Milwaukee 25th in the league in three-point accuracy (33 percent) and tied for 16th in three-pointers made per game. Thomas made a Celtics record 245 3-pointers last season and knocked down at least one in 57 straight games. Against the Hawks, the Cavs started 3-of-25 from behind the arc and finished 10-of-36 — thanks mostly to Kyle Korver heating up during a fourth-quarter comeback. “We have guys that can shoot the ball,” said Kevin Love, who was taken to the hospital Sunday (Monday, PHL time) after falling ill. “I don’t know what it says on pace, but last year we really pushed the ball with ’Bron and Ky and really opened up the floor. But we’re just not shooting the ball well from three, and that has to change.” There need to be other changes, and Lue said it’s time for his team to begin making them. “Just have to keep attacking it,” he said. “Have to keep showing film and continue to keep talking about it. I think guys are embarrassed and we should be embarrassed of how we’re getting beat. Teams that we’re playing, having guys out, key guys out and still not being able to win. We all have to continue to keep searching and continue to keep fighting and continue to play hard.” And at some point, they might get some help......»»

Category: sportsSource:  abscbnRelated NewsNov 7th, 2017

ERC reiterates opposition to SC order

A Supreme Court-issued restraining order against the retail competition and open access (RCOA) scheme is hampering competition and customer choice, the Energy Regulatory Commission (ERC) said. In a document provided to reporters, the regulator said that while it was complying with the temporary restraining order (TRO) issued in February this year, it had “been unable [...] The post ERC reiterates opposition to SC order appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 20th, 2017

Lady Bulldogs draw first blood, near tournament sweep

National University kept its hot winning streak burning and could be heading into completing a tournament sweep of the Premier Volleyball League Collegiate Conference. With Jaja Santiago at the helm, the Lady Bulldogs drew first blood, 25-22, 21-25, 25-18, 26-24, Wednesday night against Bernadeth Pons-less Far Eastern University in the best-of-three Finals while stretching their winning streak to eight at the FilOil Flying V Centre in San Juan. Santiago had 15 kills, four kill blocks and four aces for a 23-point output fot NU while Risa Sato got 12 markers. Audrey Paran delivered 11 points, Jorelle Singh got nine, while Aiko Urdas finished with eight points and 16 digs for the Lady Bulldogs, who survived FEU's crisp 14-ace outing.   Setter Jasmine Nabor tallied 46 excellent sets in NU's 51 attacks. The third year playmaker scored six, half coming off blocks for the Lady Bulldogs, who had 12 kill blocks. NU, which won the last two Collegiate Conference crowns of the defunct V-League, can close the series on Saturday. Game 3, if needed, is on Monday. The Lady Bulldogs built a 21-15 lead in the fourth set only to see the Lady Tamaraws comeback and tie the frame at 22. NU again went up, 24-23, but Celine Domingo saved a match point with a cross court kill.  But back-to-back errors coming off a service error by Jeanette Villareal and a long cross court hit by Domingo surrendered the match to NU. 'Kanina may mga nakita tayong mga rallies that we could've controlled right away but like I said hindi pa nila makuha ang balance on being relaxed and assertive,' said NU coach Babes Castillo of his wards.    Czarina Carandang got 17 points off 13 atatcks and four aces, Villareal posted 15 while Toni Rose Basas dropped 10 for FEU, which played without Pons and libero Kyla Atienza. Lady Tams coach George Pascua opted to sit out Pons and Atienza to reserve their energy for  the all-important match against University of Sto. Tomas in the 80th UAAP women's beach volleyball tournament on Thursday.          --- Follow this writer on Twitter, @fromtheriles .....»»

Category: sportsSource:  abscbnRelated NewsOct 11th, 2017

Atlanta Hawks begin a long, painful rebuilding process

em>By Paul Newberry, Associated Press /em> ATLANTA (AP) — Let the rebuilding begin for the Atlanta Hawks. After an all-too-brief run among the NBA’s elite, the Hawks are starting over with a largely anonymous squad and no hope of challenging the top teams. Four-time All-Star Paul Millsap was allowed to walk. Dwight Howard was dumped after one dismal season with his hometown team. Coach Mike Budenholzer lost much of his immense power after several ill-fated personnel decision. What’s left is a dynamic point guard, Dennis Schroder, and not much else. The roster is filled with the sort of players that generally make up a team more focused on the future than the present: career backups, journeymen, raw prospects and those who never panned out for one reason or another. Hard to believe it was only three years ago that the Hawks led the East with 60 wins and reached the conference final. New general manager Travis Schlenk made it clear that his two immediate priorities were to get younger and gain “financial flexibility” — essentially code for a team that’s not going to be very competitive for several seasons while it clears out overpriced contracts and accumulates draft picks, all in hopes of making a big splash down the road. “Our goal for the season is to see growth in all our guys,” Schlenk said, not mentioning anything about wins and losses. The probably means Hawks fans are in for a bumpy ride this season. “These are scrappy guys, these are competitive guys, these are prideful guys,” Schlenk said, doing his best to sound hopeful. “Now, we’re going to be young. Historically, teams that are young take it on the chin a little bit.” ___ Some other things to keep an eye on for the Atlanta Hawks: strong>SCHRODER GOES IT ALONE: /strong>Heading into his second season as a starter, Schroder is the unquestioned leader of team in flux. He ranked second in scoring behind Millsap at 17.9 points per game and averaged a team-high 6.3 assists. He’ll be counted on to carry even more of the load on a roster that lacks any big-time scorers. More telling will be whether the 24-year-old shows some much-needed maturity. He had several off-the-court issues a year ago, and this season got off to a troubling start with his arrest on misdemeanor charges after a brawl at a late-night club. strong>BAZEMORE BOUNCEBACK: /strong>After signing a huge contract, Kent Bazemore struggled through an injury plagued season and lost his starting job. Insisting he’s fully recovered, the former D-Leaguer needs to start living up to his status as Atlanta’s highest-paid player. He must improve his outside shooting, having connected on less than 41 percent a season ago, while continuing to bring positive energy and effort to a team that figures to endure plenty of long nights. strong>YOUTH MOVEMENT: /strong>Forward Taurean Prince, a first-round pick in 2016, moved into the lineup late in the season and played an integral role in the playoffs, averaging more than 11 points per game. The Hawks will be looking for similar progress out of their year’s top draft choice, John Collins. The 6'10' forward from Wake Forest is a dynamic athlete who has to expand his shooting range. If that improves, he’ll likely take on an increased role as the season goes along. strong>STEPPING UP: /strong>The Hawks take great pride in their player development, and they’ll have plenty of projects to work with this season. Forward Luke Babbitt is someone who could break out in a high-tempo offense that relies heavily on the 3-point shot. In seven NBA seasons, he’s yet to average more than 7.0 points per game, but he’s hit nearly 41 percent of his career attempts beyond the arc. Also figuring to play a much bigger role are fifth-year big man Mike Muscala and forward DeAndre’ Bembry, a first-round pick in 2016 who saw limited time as a rookie. strong>BUDENHOLZER’S ROLE: /strong>He’s back for his fifth season as the Hawks’ coach, but Budenholzer was stripped of his title as president of basketball operations. Enter Schlenk, who was hired as general manager after working in the front office of the NBA champion Golden State Warriors. Schlenk has the final say on roster moves, and it will be interesting to see how he meshes with the coach he inherited — and how Budenholzer deals with a new boss. .....»»

Category: sportsSource:  abscbnRelated NewsOct 11th, 2017

Phinma Energy plans 3 renewable power plants

Phinma Energy plans 3 renewable power plants.....»»

Category: financeSource:  thestandardRelated NewsOct 8th, 2017

Wozniacki beats Pavlyuchenkova to retain Pan Pacific title

TOKYO (AP) — Caroline Wozniacki overwhelmed Russia's Anastasia Pavlyuchenkova 6-0, 7-5 to retain her Pan Pacific Open title on Sunday. The victory gives Wozniacki, also champion in Tokyo in 2010, her first title of the year. The Dane had lost all six of her previous finals in 2017. 'This was my seventh final of the year — it gets harder to get that last win,' said world No. 6 Wozniacki, who has now won at least one title every year since 2008. 'I've been putting myself in a position to win all year. It was really important for me to stay focused and positive.' Wozniacki had crushed world No.1 Garbine Muguruza 6-2, 6-0 in the semifinals and a similar score looked on the cards here Sunday. 'The court suits my game. She plays powerfully so it was important for me to make her move around early on. In the first set everything was going my way. In the second set she served better, so it was tricky for me to break.' The first set lasted only 20 minutes as Pavlyuchenkova struggled to get a foothold. 'I was really disappointed in the first three games,' said the Russian. 'I felt I was a bit unlucky and really believe if I had turned those points round and won the games, it may have been a different match. I was a little down on myself and missed more than I should.' The Russian fought harder in a second set that went with serve until the 12th and final game. Yet she failed to earn a break point in the match and appeared outclassed in her first Premier-level final since Moscow in 2015. Semifinal opponent Angelique Kerber was the only seed she faced this week before third-seeded Wozniacki. 'It's disappointing to lose no matter which round it is, even more disappointing in the final,' said Pavlyuchenkova, who needed three sets to win all four of her matches en route to the final. 'I felt a little flat due to the previous matches. I didn't have so much energy left.' .....»»

Category: sportsSource:  abscbnRelated NewsSep 24th, 2017

Limping Lady Eagles survive tough Lady Pirates

Injury-riddled Ateneo de Manila University survived a gritty stand of the Lyceum of the Philippines University, 25-23, 25-20, 25-20, Saturday to get back on the winning track in Group A of the inaugural Premier Volleyball League Collegiate Conference at the FilOil Flying V Centre in San Juan. Maddie Madayag and skipper Bea De Leon saw action after skipping the Lady Eagles’ four-set defeat against Far Eastern University last week and delivered nine and eight points, respectively. Jules Samonte and Ponggay Gaston finished with eight markers each for Ateneo, which improved to 2-1 win-loss record. “Definitely, we’re happy about the win. It’s always good to win,” said De Leon, who was unavailable last game to attend an immersion in Capas, Tarlac. Madayag was back in action after skipping the Lady Eagles’ last match due to an ankle sprain. Ana Gopico was present but sat out the game for third straight time because of a hamstring injury, Kim Gequillana was in uniform but was reduced to a mere spectator with an immobilizer strapped on her left leg after suffering a knee injury against FEU while Jho Maraguinot skipped action due to an ankle sprain.          The Lady Eagles started out flat and needed a late set rally to stave off the Lady Pirates. “I think we started out really slow, really, really poorly,” said De Leon. “The energy on the court on the second set was very slow but then we picked it up, in the third set it was still close but I knew my teammates were alive so ‘yun lang.” LPU kept the game close in the next two frames before fizzling out in the end. The Lady Pirates dropped to 1-2 mark. Rocelyn Hongria led LPU with 12 points while skipper Cherilyn Sindayen and Cherry Genova combined for 17 markers.     --- Follow this player on Twitter, @fromtheriles .....»»

Category: sportsSource:  abscbnRelated NewsSep 16th, 2017

PHINMA Energy eyes 45-megawatt solar plant in Batangas

PHINMA Energy eyes 45-megawatt solar plant in Batangas.....»»

Category: newsSource:  rapplerRelated NewsSep 13th, 2017

Phinma seeks TRO against PSALM

Phinma seeks TRO against PSALM.....»»

Category: financeSource:  thestandardRelated NewsSep 13th, 2017

ERC asks SC to lift TRO on RCOA scheme

MANILA, Philippines - The Energy Regulatory Commission is asking the Supreme Court to lift the temporary restraining order on the mandatory shift to the Reta.....»»

Category: financeSource:  philstarRelated NewsAug 23rd, 2017

Phinma Energy halves 6-month net income

MANILA, Philippines - Phinma Energy Corp......»»

Category: financeSource:  philstarRelated NewsAug 15th, 2017

Suspended ERC chief fails to get CA relief

MANILA, Philippines - Suspended Energy Regulatory Commission (ERC) chairman Jose Vicente Salazar has failed to get relief from the Court of Appeals (CA) from.....»»

Category: newsSource:  philstarRelated NewsAug 4th, 2017

PSALM to recoup P21.47B in power plant operating costs

The Energy Regulatory Commission (ERC) granted the state-run Power Sector Assets and Liabilities Management (PSALM) Corp.’s request to recover P21.47 billion in operating costs of power plants from 2007 to 2014. In two separate orders on June 20, the ERC said PSALM can implement the costs related to fuel and power purchase power and foreign [...].....»»

Category: newsSource:  manilatimes_netRelated NewsJul 28th, 2017

PSALM cleared to recover P37 B to cut Napocor debt

MANILA, Philippines - The Energy Regulatory Commission (ERC) has given the green light to the Power Sector Assets and Liabilities Management Corp......»»

Category: financeSource:  philstarRelated NewsJul 24th, 2017

Phinma Energy, Citicore plan to put up pump storage power plants

MANILA, Philippines - Phinma Energy Corp. and Citicore Inc......»»

Category: financeSource:  philstarRelated NewsJul 17th, 2017

Phinma Energy secures contract for 45-MW Pangasinan solar farm

MANILA, Philippines -  Phinma Energy Corp. plans to put up a 45-megawatt (MW) solar farm in Pangasinan after securing a solar service contract......»»

Category: financeSource:  philstarRelated NewsJul 6th, 2017