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Construction retail prices rise for 8th straight month in Oct

MANILA, Philippines – Retail prices of construction materials in Metro Manila rose for the eighth straight month in October, the Philippine Statistics Author.....»»

Category: financeSource:  philstarRelated NewsNov 22nd, 2016

Corporate News: MPIC raises full-year guidance as 9-month core profit jumps

METRO PACIFIC Investments Corp. (MPIC) is tracking a steeper earnings growth path than initially thought, after the toll roads, power and hospital businesses lifted its core net income by double digits in the nine months to September......»»

Category: financeSource:  bworldonlineRelated NewsNov 8th, 2016

Housing prices rise faster in provinces than in Metro Manila

HOUSING prices picked up during the second quarter to log the quickest pace in over a year, latest data from the Bangko Sentral ng Pilipinas (BSP) showed, with a faster increase observed among provincial units than those within Metro Manila......»»

Category: newsSource:  bworldonlineRelated NewsOct 14th, 2016

Corporate News: MPIC targets 12% higher core earnings this year

METRO PACIFIC Investments Corp. (MPIC) is looking to net 12% more from its core businesses toward the yearend, following a double-digit growth in earnings during the first six months that saw the company expand its stake in the power sector and start new .....»»

Category: financeSource:  bworldonlineRelated NewsAug 3rd, 2016

Metro retail expands Visayas footprint

FURTHER cementing its foothold in the Visayas, Cebu-based Metro Retail Stores Group, Inc. (MRSGI) has entered into a 25-year lease agreement with the local government of Bais, Negros Oriental to set up its first store in the province. MRSGI is leasing a b.....»»

Category: newsSource:  inquirerRelated NewsJul 26th, 2016

The metro welcomes the Year of the Rooster

The metro welcomes the Year of the Rooster.....»»

Category: newsSource:  manilatimes_netRelated NewsJan 21st, 2017

Inflation to remain manageable – BSP

MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) expects inflation to remain manageable at 3.3 percent this year, a sharp rise from the 1.8 percen.....»»

Category: financeSource:  philstarRelated NewsJan 20th, 2017

Finance: Inflation likely to trend higher

HIGHER COSTS of electricity and oil, as well as the continuous expansion of the economy, will prompt inflation to normalize gradually this year and next after the rise in consumer prices settled below target in 2016, the Bangko Sentral ng Pilipinas (BSP) said......»»

Category: financeSource:  bworldonlineRelated NewsJan 19th, 2017

Man United soccer's top moneymaker again after 11 years

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

Category: sportsSource:  abscbnRelated NewsJan 18th, 2017

MPIC sets P60 B capex this year

MANILA, Philippines - Infrastructure conglomerate Metro Pacific Investments Corp......»»

Category: financeSource:  philstarRelated NewsJan 18th, 2017

Gov’t expects more revenues from STL

Justice Secretary Vitaliano Aguirre hopes that the government will rake in almost an 11-figure earnings this year from small town lottery (STL) operations by imposing a quota in remittances to the Philippine Charity Sweepstakes Office (PCSO)......»»

Category: newsSource:  tempoRelated NewsJan 17th, 2017

Jobless people to increase slightly in 2017

MANILA, Philippines - The number of jobless people in the world is expected to increase by 3.4 million this year, representing a “modest” rise in global unem.....»»

Category: newsSource:  philstarRelated NewsJan 15th, 2017

Schneiderlin leaves Man United for Everton

LIVERPOOL, England (AP) — France midfielder Morgan Schneiderlin ended an underwhelming 18-month spell at Manchester United by sealing a move to English Premier League rival Everton for an initial fee of 20 million pounds ($24.5 million) on Thursday. Schneiderlin has signed a 4 1/2-year contract with Everton, where he will be reunited with manager Ronald Koeman. They were together at Southampton for two years, before Schneiderlin left for United in July 2015. 'There is a manager in place here that I know,' the 27-year-old Schneiderlin said. 'I know he can get the best out of me, I know his style and how he likes to play football.' Schneiderlin was told he could leave United after failing to establish himself in the team under Jose Mourinho this season, playing only 11 minutes in the Premier League. He was in and out of the team under Mourinho's predecessor, Louis van Gaal. 'Morgan is really hungry to show his qualities and to play because that is the best thing for a football player,' Koeman said. 'You are born as a football player to play games, not to sit on the bench or not be part of the team. But this is a new step, it's a new future.' The fee for Schneiderlin could rise to 24 million pounds ($29.3 million). Swansea signed Netherlands winger Luciano Narsingh from PSV Eindhoven for 4 million pounds ($4.9 million) as Paul Clement made his first move in the transfer market since taking over as manager from Bob Bradley. Narsingh penned a 2 1/2-year deal. .....»»

Category: sportsSource:  abscbnRelated NewsJan 12th, 2017

‘In’ words of 2017

The Filipino word last year was “fotobam,” something or someone that intrudes and ruins a photograph. Think of that high-rise condo at the back of the Rizal monument in Luneta......»»

Category: newsSource:  tempoRelated NewsJan 12th, 2017

Match-fixing back in spotlight on eve of first Grand Slam

JUSTIN BERGMAN, Associated Press   For Rafael Nadal and the other stars of tennis, there's a familiar ring to the questions being raised as the first ball is about to be struck at the Australian Open. Recent match-fixing sanctions and a new case are bringing fresh scrutiny to the integrity of the sport a year after corruption allegations cast a pall over the first Grand Slam of the year. '(It's) obviously negative, always in the first month of the season starts to happen,' Nadal said at the season-opening Brisbane International. 'You get tired about this kind of stuff, but the most important thing is fight against these kinds of things.' The headlines started appearing early in the new year. On Jan. 5, police in Australia charged an 18-year-old player with a match-fixing offense at a lower-tier tournament last October in Traralgon, near Melbourne. Days later, another Australian player, Nick Lindahl, now retired but once ranked in the top 200, was handed a seven-year ban and $35,000 fine from the Tennis Integrity Unit (TIU) for offering to throw a match at a minor tournament in the city of Toowoomba in 2013. Lindahl had already been fined after a criminal trial. Two other Australian players received lesser punishments in connection with the incident. While Traralgon and Toowoomba are far removed from the glittering lights of Melbourne Park, the timing of the developments was troubling nonetheless. Last season began similarly beneath a cloud of suspicion after a report by BBC and Buzzfeed alleged that tennis authorities had suppressed evidence of match-fixing and failed to investigate possible cases of corruption. The reports went over old ground, but the timing and the headlines overshadowed the tournament. 'I haven't heard anything (about match-fixing) since last year's Australian Open,' German player Mischa Zverev told The Associated Press last week in Brisbane. 'I think it was funny timing. ... Like the day before the Oscars, they're going to bring something up to make somebody not win it, or win it.' Since then, tennis leaders have gone into overdrive to restore confidence in the sport. An independent panel was created to review the TIU, the internal body tasked with combating corruption, and authorities promised to implement all of its recommendations when it is completed this spring. The TIU also took separate steps to strengthen its monitoring and investigation efforts, develop new anti-corruption education programs for players, and improve the transparency of its operations. In an email statement to The AP, the agency said nine players and officials were sanctioned last year for match-fixing — the most for a single year since the unit was established in 2008. Several were banned for life, including a young South African player and four officials from Turkey and Uzbekistan. The unit also expanded its outreach efforts with betting operators and regulators, leading to increased reporting of suspicious wagers. In 2016, the TIU received 292 betting alerts — an 18 percent increase over the previous year. The vast majority of those came from the Challenger and Futures circuits on the men's tour, considered the most at-risk for match-fixing given the lower likelihood of detection and the smaller earnings of the players. However, the TIU said three alerts were generated at Grand Slam events, as well. The agency was quick to note, though, that an alert isn't necessarily proof of match-fixing. Of the more than 114,000 matches played last year on the professional tours, only 0.2 percent triggered a suspicious betting alert. 'Tennis was one of the first major sports to recognize the potential threat of betting-related corruption and do something about it,' the TIU said. 'It will be for the independent review panel to take a view on the conduct and effectiveness of the unit and to put forward recommendations to improve the current structure and approach.' Whatever the investigators recommend, the fact remains the TIU faces an uphill battle. Technology has shifted the gambling landscape in such a way, it's increasingly difficult for monitors to keep up. In tennis, wagers aren't just placed on who wins or loses; bets can be placed during matches in real time on everything from total points won in a game to whether a set goes to a tiebreak. 'We're talking individual player activities here,' said Hans Westerbeek, dean of the College of Sport and Exercise Science at Victoria University in Melbourne, Australia. 'It's much easier to get into a situation where you approach individual players to do things that can be, if done well, quite well hidden from it being suspicious.' He likens it to the ongoing battle against performance-enhancing drugs. 'You're always struggling to keep up with the innovations that a better-resourced front of gambling operators, legal or illegal, will have available to advance their technology.' Ryan Rodenberg, an associate professor of forensic sports law analytics at Florida State University, says this is one reason a more sophisticated approach is critically needed. He recommends an internal monitoring system that analyzes each match for suspicious activity in real time, rather than relying solely on betting alerts. 'A robust betting data-monitoring operation would have both in-house capabilities and a number of collaborative information sharing agreements with third parties such as sportsbooks, private monitoring firms or academics,' he said. 'Anything less is sub-optimal.' With a limited budget of just $3.23 million for 2017, however, there is only so much the TIU can do. As such, preventative measures such as education have become a priority. More than 25,000 players and officials have completed the TIU's online anti-corruption training program, and a new version will be launched that players will be required to complete every two years. 'Educating players who are up-and-coming and those who support those players is a very good, positive and necessary thing to do,' Westerbeek says. 'Because the root of the problem is ... people not really (understanding) they're engaging in criminal activity.' ___ AP Sports Writer John Pye contributed to this report. .....»»

Category: sportsSource:  abscbnRelated NewsJan 12th, 2017

Producers urged to uplift film quality

Unless they rise to the challenge of producing quality films, traditional movie outfits might find themselves as mere spectators again in future Metro Manila Film Festivals......»»

Category: newsSource:  tempoRelated NewsJan 10th, 2017

Sea piracy plunges to 18-year low but kidnappings rise

Sea piracy plunges to 18-year low but kidnappings rise.....»»

Category: newsSource:  philstarRelated NewsJan 10th, 2017

More mergers, acquisitions expected this year, says FMIC

MANILA, Philippines - Mergers and acquisitions are seen to continue this year on strong interest from Philippines’ Southeast Asian peers, First Metro Investm.....»»

Category: financeSource:  philstarRelated NewsJan 9th, 2017

Satisfaction with gov't stays &'145;very good'

THE ADMINISTRATION of President Rodrigo R. Duterte maintained its “very good” net satisfaction rating among Filipinos half a year into his term despite noticeable drops in Metro Manila and among the “masa,” according to a new Social Weather Stations (SWS) report......»»

Category: newsSource:  bworldonlineRelated NewsJan 9th, 2017

Front Page: Satisfaction with gov't stays 'very good'

THE ADMINISTRATION of President Rodrigo R. Duterte maintained its "very good" net satisfaction rating among Filipinos half a year into his term despite noticeable drops in Metro Manila and among the "masa," according to a new Social Weather Stations (SWS) report......»»

Category: financeSource:  bworldonlineRelated NewsJan 9th, 2017