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Pilipinas Shell allocating P4b for & lsquo;19 capital expenditures

Pilipinas Shell allocating P4b for & lsquo;19 capital expenditures.....»»

Category: financeSource: thestandard thestandardDec 6th, 2018

Shell sets P4-B capex for 2019

PILIPINAS Shell Petroleum Corp. (PSPC) is setting aside P4 billion for capital expenditures next year, with its retail business cornering the biggest share of the budget, its top official said......»»

Category: newsSource:  bworldonlineRelated NewsDec 7th, 2018

Pilipinas Shell sets P12.4 billion capex

MANILA, Philippines — The local unit of energy giant Royal Dutch Shell has budgeted over P12 billion in capital expenditures in the next three years to expan.....»»

Category: financeSource:  philstarRelated NewsMar 25th, 2018

THROWBACK: Top PBA rookie draft picks through the years

After 33 years, the tradition of PBA teams selecting promising players from the amateur ranks, patterned after the NBA draft process, heralded a balanced influx of talent to even out the league’s competitiveness. But what makes the draft process interesting is the choice of the number 1 pick, who is considered the most in-demand player seen to bolster the chances of the worst performing or a newly established team in the PBA. With Columbian Dyip’s selection of Lyceum stalwart CJ Perez as the number one pick in the 2018 PBA Draft,  let’s look back at the top draft picks through the years, from its beginnings in 1985 to the controversial selection last year, and how they made their mark in the league. 1985 – Sonny Cabatu Sonny Cabatu was the PBA’s first-ever number one draft pick, selected by the expansion club Shell Azodrin Bugbusters, which took over the Crispa Redmanizers franchise. An intense bruiser inside the paint, Cabatu was Shell’s starting center known as “Mr. Quality Minutes.” He would then play for Great Taste, Purefoods, Sarsi, and Ginebra in a respectable career. 1986 – Rey Cuenco A member of the guest Northern Cement Corp. (NCC) team coached by Ron Jacobs that played in the pro league’s 1984 season, Rey Cuenco was picked in the 1986 draft by another new, expansion ballclub Alaska Milkmen to lead their charge.  His pro playing career blossomed from 1989 to 1992 under the tutelage of Ginebra playing coach Robert Jaworski. In 1990, he was adjudged the Most Improved Player and part of the Mythical Second Team. He also became a member of the Big J-coached, first all-Filipino, all-professional “Dream Team” in the 1990 Asian Games in Beijing that won a silver medal for the country with Allan Caidic, Samboy Lim, Benjie Paras and Ramon Fernandez among others. 1987 – Allan Caidic Considered the greatest Filipino basketball marksman ever, Allan Caidic was already a big name before he strutted into the PBA. Having won titles for the UE Red Warriors and among the top players of the Ron Jacobs-mentored national team, the Triggerman was definitely one big prized addition for any team. And Great Taste, having the privilege of selecting first in 1987, made Caidic a hands-down choice. He would later suit up for San Miguel Beer and Ginebra San Miguel in a storied career. He had since become a PBA Hall of Famer and among the Top 25 Greatest Players of All Time. 1988 – Jack Tanuan A vital cog of the FEU Tamaraws and a member of the 1986 Seoul Asian Games squad that took home the bronze, Jack Tanuan was a feared scorer who made a living with his inside game. It was no surprise that new franchise Purefoods selected him as their top pick in 1988, in addition to other direct hires from the amateur ranks that formed their strong core—Alvin Patrimonio, Jerry Codinera, Jojo Lastimosa and Glenn Capacio—on top of having the Franchise, Mon Fernandez, as playing coach. He would later play for the Sarsi, Swift and Pop Cola teams under the RFM franchise, and later on for Sta. Lucia, Mobiline, and Alaska. 1989 – Benjie Paras It was the year of Benjie Paras, a valiant, hardworking center called “The Tower of Power,” who led the UP Maroons to its historic 1986 UAAP title. After being selected by Shell as the number one pick in the 1989 draft, Paras would achieve the impossible of being both the league MVP and Rookie of the Year, while being named to the Mythical Five. Paras along with fellow Hall of Famers Ronnie Magsanoc and long-time import Bobby Ray Parks Sr. became the triumvirate that led Shell to the First Conference championships in 1990 and 1992. And, even with the onset of Fil-foreign players in the PBA, Paras remained dominant and won his second MVP plum in 1999. 1990 – Peter Jao Peter Jao was the first Cebuano player to be drafted as a rookie top pick in the league, selected by Presto Tivoli. He would then become a member of Presto’s champion team in the 1990 All-Filipino conference with Allan Caidic and Gerry Esplana. 1991 – Alex Araneta The former Ateneo Blue Eagle suited up for Alaska Air Force/Milkmen until 1995, after which he was hired in the company as a management trainee, eventually becoming one of Alaska Milk Corp.’s sales managers. Of Alaska’s 14 championships in the league, Araneta was a veteran of 2 of them (1991 Third Conference and 1994 Governors’ Cup). 1992 – Vergel Meneses An ex-seminarian who became among the PBA’s Top 40 Greatest Players, the “Aerial Voyager” was known for his show-stopping moves and is considered among the best one-on-one players. The former JRU Heavy Bomber and 1995 PBA MVP was also a member of the all-pro Centennial Team coached by Tim Cone that won the William Jones Cup in Taipei and placed 3rd in the 1998 Asian Games in Bangkok. 1993 – Zandro Limpot After his years as a King Archer for De La Salle, Zandro Limpot entered the 1993 draft and was chosen first overall by the expansion ballclub Sta. Lucia Realtors.  Limpot was named Rookie Of The Year that season as well as reaping All-Star, Mythical Second Team and All-Defensive Team honors. Limpot won his first and only PBA championship (2006 Philippine Cup) with the Purefoods Chunkee Giants. 1994 – Noli Locsin Another former Green Archer, Noli Locsin was picked by Tondeña 65 as the league’s top draft pick in 1994. He became a 4-time PBA All-Star (1994, 1995, 1996, 1999) in a high-flying career with Ginebra. Bacolod-born Locsin was famous for his barrelling game before the arrival of Filipino-Americans in the PBA. Spent 6 seasons with the Ginebra San Miguel franchise; won the 1997 Commissioner’s Cup with Jaworski as coach. He later suited up for Pop Cola, Tanduay, Red Bull, Talk ‘N Text and Sta. Lucia. 1995 – Dennis Espino After leading the UST Growling Tigers to their monumental four-peat, Dennis Espino would later bring his winning ways to the PBA. Sta. Lucia got the first crack at the 1995 draft and picked him first overall to form a menacing one-two punch with Zandro Limpot, and later with Marlou Aquino. He had a sterling career with Sta. Lucia for 15 years and yielded the following achievements:  4-time PBA All-Star, 2-time All-Defensive Team, 2-time Mythical First Team, 2004-05 Defensive Player of the Year and 2007-08 Philippine Cup Finals MVP. He won the 2001 Governors’ Cup and the 2007-08 Philippine Cup for Sta. Lucia. 1996 – Marlou Aquino Picked by Gordon’s Gin as first overall in the 1996 draft, Marlou Aquino had an exceptional maiden year gave him Rookie of the Year, Defensive Player of the Year, Best Player of the Conference (1996 Governors’ Cup), Mythical First Team, All-Star and All-Defensive Team honors. He also became the second Ginebra player (after Dondon Ampalayo in 1986) to win the Rookie of the Year award.  Aquino then was part of Gordon Gin’s 1997 Commissioner’s Cup and Sta. Lucia Realty’s 2001 Governors’ Cup championship teams.  1997 – Andy Seigle The first Fil-Am top pick, chosen by Mobiline in 1997, Andy Seigle won Rookie of the Year and was part of the 1999 All-Star Game. The Scranton, Pennsylvania native was twice a member of the National Team in the 1998 and 2002 Asian Games and was one of the most dominant and best defensive players in the 1990’s era. 1998 – Danny Ildefonso  Danny Ildefonso was picked by San Miguel Beer first overall in 1998, the year he also won Rookie of the Year. One of only four pro players to win back-to-back MVP awards (2000 and 2001), Ildefonso had a prolific 15-year career with the San Miguel ballclub with 8 championships (1999 and 2000 Commissioner’s Cups;  1999, 2000 and 2011 Governors’ Cups; 2001 All-Filipino; 2005 and 2009 Fiesta Cups). He is among the PBA’s Top 40 Greatest Players. 1999 – Sonny Alvarado Selected by Tanduay as its top pick in the 1999 Draft, Sonny Alvarado was poised to dominate the league as a gritty Fil-Am all-around player. He was however embroiled in the “Fil-Sham” controversy, that revealed that he had filed two alleged birth certificates of his mother when he applied for the draft. This prompted immigration officials to initiate deportation measures against Alvarado because of such failure to directly prove his Filipino parental links. 2000 – Paolo Mendoza Paolo Mendoza was a hot-shooting guard who led the UP Fighting Maroons to two Final Four appearances from 1996-1997. He then applied for the 2000 draft and was chosen the overall first pick by Sta. Lucia Realty. Together with Dennis Espino and Marlou Aquino, Mendoza was one of the main factors behind the 2001 Governor’s Cup title win of the Realtors. 2001 – Willie Miller The diminutive Willie Miller is considered the first player from the PBA’s rival league, Metropolitan Basketball Association, to become the top overall pick in a PBA Rookie Draft, in which he was selected by the Batang Red Bull Thunder. He was part of three teams that copped PBA titles—Red Bull (2001 and 2002 Commissioner’s Cup), Alaska (2007 Fiesta Cup), and Talk ‘N Text (2015 Commissioner’s Cup). His career highlights in his 15 years in the PBA were 2-time MVP (2002 and 2007), 2-time Finals MVP, 9-time All-Star,  3-time Mythical First Team member, and 2014 Sportsmanship Awardee. 2002 – Yancy de Ocampo The “Post-Man” as he is called, Yancy de Ocampo is a shifty, reliable center who delivers the goods at crunch time. He was the number one draft pick in 2002 by the FedEx Express. He was part of several champion teams, namely Talk ‘N Text, BMeg Llamados, San Mig Coffee and eventually San Miguel Beer. 2003 – Mike Cortez The “Cool Cat” Mike Cortez, a former La Salle standout, brought his court savviness to the PBA after Alaska picked him first overall in the 2003 draft by and immediately went to work. Cortez helped the Aces win the Reinforced Conference that year. He would then move on to San Miguel Beer, and was part of a hefty push to win the 2007 and 2009 Fiesta Conferences. A journeyman in his 15-year PNA career, Cortez currently plays for the Blackwater Elite. 2004 – Rich Alvarez The Japan-born and U.S.-raised Rich Alvarez had a blast on his maiden year with Shell, which selected him first overall in the 2004 draft, collecting Rookie of the Year, All-Star, All-Defensive Team and All-Rookie Team honors. Played for 13 seasons in 8 different teams, Rich was successful in winning 4 championships with the TNT Tropang Texters (2010-11, 2011-12, 2012-13 Philippine Cups and 2011 Commissioner’s Cup) 2005 – Anthony "Jay" Washington This Zambales-born journeyman was first chosen by Air21 in the 2005 draft then traded to Talk ‘N Text. But his stint with San Miguel Beer made him flourish with two titles in the 2009 Fiesta Conference and the 2011 Governors Cup. He would return to the TNT Tropang Texters and help the, win the 2015 Commissioner’s Cup. He currently plays for the Rain or Shine Elastopainters. 2006 – Kelly Williams Picked first overall by Sta. Lucia Realty in 2006, Kelly Williams immediately made his presence felt that year bagging Rookie of the Year and All-Rookie Team honors. He first won a championship with Sta. Lucia in the 2007-08 Philippine Cup and would then lead his present ballclub, the TNT Tropang Texters to five championships, notably the three-peat Philippine Cups from 2010 to 2012, and the 2011 and 2015 Commissioners’ Cups. 2007 – Joe Devance While it was Welcoat that originally drafted Joe Devance as the first pick overall in the 2007 draft, he would earn the distinction of being the league’s winningest coach Tim Cone’s most trusted trooper. Devance has won nine championships with Cone as his coach, starting with Alaska (2010 Fiesta Cup), B-Meg/San Mig Coffee (2012 and 2014 Commissioner’s Cup, 2013 and 2014 Governors’ Cup and Philippine Cup); and currently, Ginebra San Miguel (2016 and 2017 Governors’ Cup, and 2018 Commissioners’ Cup).  2008 – Gabe Norwood Chosen by the only team has played for up to now, the Rain or Shine Elastopainters, as its number one draft pick in 2008, Gabe Norwood would then etch a rich career with his ballclub, having won 2 championships (2012 Governors’ Cup, 2016 Commissioner’s Cup). He had also notched numerous awards, including Rookie of the Year, Defensive Player of the Year, and was part of the All Star Game nine times, and the All-Defensive Team six times.  2009 – Japeth Aguilar   “Jumpin’ Japeth” starred for the Ateneo Blue Eagles for two years then moved to the Western Kentucky University Hilltoppers during his university years.  In 2009, Aguilar was selected by Burger King and only played one game with the Whoppers, after which he was traded to Talk `N Text.  Japeth has become a Team Gilas mainstay since the beginning of his pro career, of which the Philippines’ participation in the 2014 FIBA World Cup in Spain became one of his national team career highlights. 2010 – Nonoy Baclao   “Mr. Swat” was among the vital cogs of the Ateneo Blue Eagles’ back-to-back UAAP men’s basketball championships in 2008 and 2009. After college, Baclao led the Philippine Patriots as the inaugural champion of the 2009-10 Asean Basketball League (ABL) season prior to entering the PBA rookie draft. In 2010, Nonoy was selected by Air21 then he was traded to Petron (San Miguel) where he had one championship in his sophomore year in the league.  2011 – JVee Casio  The former De La Salle Green Archer playmaker who was Rookie of the Year (2003), Finals Co-MVP (2007) and Mythical Five member (2007 & 2008) in the UAAP was a Gilas pioneer before deciding to turn pro in 2011. By far Casio “G-Shock” is the shortest among the active PBA players to have been picked first overall by the Powerade Tigers. JVee was traded to Alaska Aces in 2012 and has since then became a mainstay in the team which he helped win the Commissioner’s Cup title in 2013. 2012 – June Mar Fajardo  The burly Cebuano was star center at the University of Cebu of which he steered to back-to-back titles in 2010 and 2011 at the CESAFI league. “The Kraken” has played for only one team throughout his pro career in the Asean Basketball League (ABL) and the PBA – San Miguel. As one big reason to “Fear the Beer,” Fajardo gave San Miguel six championships to date and became the first and only PBA player to win the MVP award in four straight seasons (2014, 2015, 2016, 2017).  2013 – Greg Slaughter  “GregZilla” stomped rivals with his huge presence when he helped lead the Ateneo Blue Eagles to two consecutive UAAP championships in 2011 and 2012 -- completing a five-peat for the Loyola Heights squad. Picked by Barangay Ginebra in 2013, Slaughter got his pro career to a fast start with ROY and All-Rookie Team honors. He won 3 championships under coach Tim Cone (2016 and 2017 Governors’ Cups; 2018 Commissioner’s Cup). He also saw action for the first time with Gilas this year in the 2019 FIBA World Cup Asian Qualifiers. 2014 – Stanley Pringle  Drafted by NorthPort Batang Pier, “The Beard” exploded into the local basketball scene with Rookie of the Year and All-Rookie team honors, after stints with Belgium, Poland, Ukraine and Indonesia ballclubs.  A 4-time All-Star (2015, 2016, 2017, 2018), Pringle is considered among the best guards and high scorers in the play-for-pay league, gaining raves from other coaches and close followers of the sport.   2015 – Moala Tautuaa  He applied and went undrafted in the 2012 NBA draft, then moved to Asia to resume his basketball career by playing as an import for the Westsports Malaysia Dragons in the ABL.  After which, the Fil-Tongan made the “Big Mo(ve)” to the Philippines and spent a fruitful season with the D-League, ending up as its 2015 Foundation Cup MVP.  Talk N` Text selected Tautuaa as overall pick of the first round but traded him later on to NorthPort Batang Pier in 2018. 2016 – Raphael Banal  Since the first round of the 2016 PBA draft was dedicated to PBA teams choosing Gilas Pilipinas players to join their ranks, the regular draft started in the second round. Here, the Blackwater Elite chose as its first pick Raphael Banal, a contemporary of Kiefer Ravena and Von Pessumal in the Ateneo Blue Eaglets juniors team who went to the Hope International University-California for college.  His surname rings a bell, being the youngest child of former PBA player and TNT coach (2003 All-Filipino Conference champion) Joel Banal.  Yet “Ael” held his own in the PBA D-League for two conferences with Racal Motors.  2017 – Christian Standhardinger  The American-schooled Fil-German played in the ProA and Basketball Bundesliga tournaments in Germany as well with Hong Kong Eastern in the ABL.  Although he was selected by San Miguel Beer in the overall draft of 2017 in a controversial trade with Kia Picanto, the rightful owner of the number one pick, Standhardinger joined the Beermen in the 2018 Commissioner’s Cup after completing his ABL tour of duty.  .....»»

Category: sportsSource:  abscbnRelated News17 hr. 46 min. ago

AGI sets P240-B capex up to 2020

LISTED investment holding firm Alliance Global Group, Inc. (AGI) said it will be allocating P240 billion in capital expenditures (capex) to be spent over three years until 2020. The post AGI sets P240-B capex up to 2020 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 18th, 2018

LVPI strengthens grassroots program with nationwide tourney

As part of his first order of business, newly-elected Larong Volleyball sa Pilipinas, Inc. president Peter Cayco looks to strengthen country's grassroots program. Cayco, who replaced former association head Joey Romasanta in the election held at the LVPI office in Arellano University-Taft, reiterated the importance of tapping and developing young talents that will eventually fill the national pool.      LVPI was able to get the support of long-time volleyball patron Shakey’s in its endeavor. The national sports association partnered with the corporate sponsor for the staging of LVPI-Shakey’s Inter-secondary tournament for boys and girls teams. “It’s going to be school-based. Maganda yun kasi may NCAA, UAAP then si Shakey’s naman all over the country. So mako-consolidate na natin ang grassroots program,” said Cayco. In fact, the tournament opened its National Capital Region leg last June 12. “Katatapos lang actually ng inter-secondary which was managed by Ariel (Paredes). Shakey’s na ang sumuporta roon, Shakey’s and LVPI,” said the LVPI head. “We started with 16 boys team and 14 girls teams. Noong mag-start kami ang daming humahabol, after the opening, ang sabi namin ‘hindi na gugulo ang schedule e.’” The tournament will also have regional legs where top teams will then compete in the National Finals to be held in Manila April next year. “So mayroon na kaming naka-set na Visayas (Bacolod) magkakaroon sila ng legs sa kanila local, Cagayan De Oro, Davao. Sa Cebu nagni-negotiate pa kami eh,” said Cayco. “Tapos sa norte sa Ilocos Sur ilalagay. Yung Baguio naka-ready na raw sila.” “Right now magiging regional eliminations then balak namin magkaroon ng National Finals pero maikli lang para yung mga nasa province hindi na masyadong mababad rito,” he added.   --- Follow this writer on Twitter, @fromtheriles.....»»

Category: sportsSource:  abscbnRelated NewsAug 2nd, 2018

Sta. Lucia allots P5B for capital expenditures

STA. LUCIA Land, Inc. (SLI) is allocating more than P5 billion in capital expenditures this year, while gunning for a 15% increase in sales with the launch of more residential and commercial projects. “This year our target is P5 billion, maybe even more. That’s not just for land acquisition, it also includes the development,” SLI […] The post Sta. Lucia allots P5B for capital expenditures appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 29th, 2018

Pilipinas Shell earmarks P4.3B for 2018 capex

By Victor V. Saulon, Sub-Editor PILIPINAS SHELL Petroleum Corp. is spending P4.289 billion in capital expenditure this year, particularly for its retail, manufacturing and supply businesses. In its detailed information statement submitted to the stock exchange on Thursday, the company also disclosed its target capital expenditure for 2019 and 2020 at P3.903 billion and P4.196 […] The post Pilipinas Shell earmarks P4.3B for 2018 capex appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 22nd, 2018

Shell sets P4.29 billion capex for 2018

Pilipinas Shell Petroleum Corp. has earmarked P4.289 billion as capital expenditure for 2018 to cover the year’s outlay for its retail as well as its manufacturing and supply businesses, the listed reported to the stock exchange. In its detailed information statement submitted on Thursday, the company also disclosed its target capital expenditure for 2019 and […] The post Shell sets P4.29 billion capex for 2018 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 22nd, 2018

NLEX Corp to spend P19-B on infra projects in 2018

NLEX Corporation is allocating P19 billion for capital expenditures (capex) this year for major infrastructure projects that are expected to ease traffic congestion in Metro Manila. NLEX Corp. President and Chief Executive Officer Rodrigo Franco said the bulk of the capex would be used for constructing portions of the North Luzon Expressway such as the [...] The post NLEX Corp to spend P19-B on infra projects in 2018 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 11th, 2018

Corporate News: SM Prime sets P100-billion capex over 2 years

SM PRIME Holdings, Inc. is allocating P100 billion in capital expenditures in the next two years to expand its mall and residential property businesses......»»

Category: financeSource:  bworldonlineRelated NewsApr 25th, 2017

Andrew Tan group set to invest P150b

Alliance Global Group Inc., the holding company of tycoon Andrew Tan, is allocating P150 billion for its 2016 and 2017 capital expenditures to accelerate the expansion of property, gaming and quick service restaurant businesses......»»

Category: financeSource:  thestandardRelated NewsSep 29th, 2016

BSP sees higher current account deficit for 2018

The country’s external payments position is expected to remain in the red this year and next year amid the country’s strong demand for capital equipment and raw materials to support the expanding economy, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsDec 14th, 2018

BSP sets additional capital buffer for banks

THE BANGKO SENTRAL ng Pilipinas (BSP) has approved a new measure meant to boost banks’ capital to equip them further to weather episodes of financial stress......»»

Category: financeSource:  bworldonlineRelated NewsDec 13th, 2018

BSP now requires banks to boost reserves to cope with credit spike

The Bangko Sentral ng Pilipinas (BSP) has introduced a new risk management measure that would require big banks to set aside additional capital as reserves to protect the banking sector from periods of excess aggregate credit growth......»»

Category: financeSource:  philstarRelated NewsDec 13th, 2018

Infra spending up 50% in 10 months

Construction of more roads, health facilities, school buildings as well as local projects in Mindanao nearly doubled the national government's infrastructure expenditures in October to P94.4 billion, Budget Secretary Benjamin Diokno said on Wednesday.   The latest Department of Budget and Management data showed that disbursements on infrastructure and other capital outlays jumped 83.4 percent in October from P51.5 billion a year ago.   In a press conference, Diokno explained that "billing claims and payments for completed infrastructure projects were made" that month.   Infrastructure spending in October also exceeded September's P65.2 billion.   ...Keep on reading: Infra spending up 50% in 10 months.....»»

Category: newsSource:  inquirerRelated NewsDec 12th, 2018

UAAP Season 81 volleyball: Mag-La Salle na sila all the way -– Macandili on DLS-Z volleybelles

Top libero Dawn Macandili watched intensely as De La Salle-Zobel inched closer to ending a long high school girls’ volleyball title drought. When the Junior Lady Spikers nailed the last point to topple the four-year reign National University and rule the UAAP Season 81 tournament, Macandili together with the DLS-Z supporters inside the FilOil Flying V Centre on a breezy Sunday afternoon celebrated the triumph that took the Alabang-based squad six years to achieve. From her red leather seat in the courtside section, Macandili, with a big smile on her face cheered loudly for the new generation of Junior Lady Spikers.           “Sobrang nakaka-proud kasi siyempre part din ako ng alumni ng Zobel and nakita ko na gusto ring manalo ng girls and nagawa nila yun,” said Macandili after DLS-Z completed a best-of-three finals series sweep of the Bullpups with a hard-earned, 25-21, 25-23, 15-25, 16-25, 15-8, Game 2 win. Macandili together with F2 Logistics teammate Kim Kianna Dy and Ateneo de Manila University’s Jules Samonte were part of the DLS-Z squad that ruled UAAP Season 75 before the school’s five-year title drought. The defense specialist, who was named 2nd Best Libero in the 2017 Asian Women’s Senior Championship, couldn’t help but admire the Junior Lady Spikers’ composure and determination in the series.   “Sobrang nakaka-stress pala na nanonood lang instead of playing inside the court. Pero bilb na bilib ako sa kanila kasi nandoon ‘yung composure although sobrang bata pa nila. Pero iba na talaga ang level ng volleyball (sa Pilipinas) kahit sa high school pa lang,” she said. Macandili added that if given a chance she’d like to see the core of the squad play together up until college for a team known for its championship culture. “Sobrang prospects sila ng mga college teams. Ngayon pa lang ang gagaling na nila and I look forward to when they’re playing in college na… for La Salle, yes!” she said. “Ituloy na nila, mag-La Salle na sila all the way,” exclaimed Macandili, who joined the DLSU Lady Spikers together with Dy after graduating in high school. The duo helped the Lady Spikers’ complete a three-peat from Season 78 to 80.     Macandili was impressed with skills of towering Alleiah Malaluan and season MVP Angel Canino. She also saw a lot of potential with DLS-Z starting libero Lyka De Leon. “Lahat naman tayo nagi-start somewhere and I can see myself in her na nag-start na ganoon ang level pero nandoon naman yung talent niya and I can see that’s she’s gonna go far,” said Macandili.   --- Follow this writer on Twitter, @fromtheriles.....»»

Category: sportsSource:  abscbnRelated NewsDec 10th, 2018

Reenacted budget in 2019 to push up to 400K Filipinos into poverty

Reenacting the 2018 national budget for next year will not only slow down economic growth as government spending gets reduced, but also lead to job losses and push hundreds of thousands to poverty. Department of Budget and Management (DBM) estimates showed that expenditures in 2019 will be cut by a total of P219.8 billion if a reenacted budget would be spent instead of passing the proposed P3.757-trillion cash-based appropriations. In particular, disbursements for personnel services will be reduced by P54.4 billion; maintenance and other operating expenses (MOOE) by P14.3 billion; subsidies by P28.3 billion; and capital outlays by P122.9 billion. Based on estimates of the st...Keep on reading: Reenacted budget in 2019 to push up to 400K Filipinos into poverty.....»»

Category: newsSource:  inquirerRelated NewsDec 10th, 2018

Globe takes out $40-M loan to fund expansion

Industry giant Globe Telecom is raising additional money to fund its expansion and refinance existing obligations.   Globe, which is part of the Ayala Group, said in a stock exchange filing on Friday that it had signed a $40-million term loan facility with affiliate Bank of the Philippine Islands.   "The loan shall be used to partially finance the company's maturing obligations, capital expenditures and general corporate requirements," Globe said in its filing.   The company earlier allotted a capital spending budget of $950 million (P50 billion) for 2018.   This was earlier increased from an initial $850 million, as Globe decided to accelerate...Keep on reading: Globe takes out $40-M loan to fund expansion.....»»

Category: newsSource:  inquirerRelated NewsDec 7th, 2018

Shell sets steady P4-billion capex

The local unit of energy giant Royal Dutch Shell has maintained the same level of capital spending for next year to support and expand its operations in the country, according to its top official......»»

Category: financeSource:  philstarRelated NewsDec 6th, 2018

8990 Holdings sets P10-billion capex for 2019

Top mass housing developer 8990 Holdings Inc. is allotting P10 billion for capital expenditures next year as it continues to launch new projects while pursuing its new hotel venture. 8990 Holdings sets P10-billion capex for 2019 Source link: 8990 Holdings sets P10-billion capex for 2019.....»»

Category: newsSource:  manilainformerRelated NewsDec 4th, 2018