Radisson Blu says 2017 was their ‘best year’

RADISSON Blu Cebu yesterday announced a 16-percent growth in the hotel's average daily rate in 2017, thanks to the booming meeting, incentive, convention and exhibition (Mice) and leisure markets.....»»

Category: newsSource: philippinetimes philippinetimesJan 5th, 2018

Usain Bolt to train with Borussia Dortmund

DORTMUND, Germany (AP) — Sprint star Usain Bolt is set to train with German soccer team Borussia Dortmund on Friday. The Bundesliga club says the eight-time Olympic champion, whose last race before retirement was at the 2017 world championships, will "participate in an open training session" with coach Peter Stoeger's side. Bolt posted a picture of himself in a Dortmund shirt on Twitter, saying, "BVB, get ready for Friday." Dortmund, which shares a sponsor with Bolt in sportswear giant Puma, had long said that the 31-year-old could train with the team at some stage. Dortmund's next game after the international break is at Bayern Munich on March 31. Bayern can secure the league title then if other results go its way......»»

Category: sportsSource:  abscbnRelated News13 hr. 47 min. ago

Duke, Kentucky again rely on freshmen in NCAA Tournament

By Joedy McCreary, Associated Press DURHAM, N.C. (AP) — Duke and Kentucky are viewed as the masters of the one-and-done era, winning championships with extraordinarily young rosters. Both programs have a chance to do it again. After several potential one-and-done phenoms were bounced from the NCAA Tournament in the opening weekend, the Blue Devils and Wildcats are the teams still playing that have rosters stacked with high-profile freshmen. Duke, the No. 2 seed in the Midwest Region, starts four freshmen — led by Wooden Award finalist Marvin Bagley III — while Kentucky, the South’s No. 5 seed, features Kevin Knox as its centerpiece. The Wildcats (26-10), arguably the biggest beneficiary of a run of upsets in the South, play ninth-seeded Kansas State on Thursday night in Atlanta. The following night, Duke (28-7) faces a rematch with 11th-seeded Syracuse in a Midwest semifinal in Omaha, Nebraska. Hall of Fame Duke coach Mike Krzyzewski said his freshmen are “not afraid of the moment. It’s how much preparation do they have for the moment? “We’re trying to condense about four years into eight months,” he said. “I don’t know how it’s going to turn out. You just kind of live it.” Among the star freshmen who didn’t make it to the tournament’s second weekend were Arizona’s Deandre Ayton, Oklahoma’s Trae Young, Missouri’s Michael Porter Jr., Michigan State’s Jaren Jackson, Alabama’s Collin Sexton and Texas’ Mohamed Bamba. Young and Bamba have already declared for the NBA draft, and Ayton joined them Wednesday . Both the Blue Devils and Wildcats have previously had predominantly young teams cut down the nets at past Final Fours. Kentucky won a national title in 2012 behind top-two draft picks Anthony Davis and Michael Kidd-Gilchrist, while Duke’s most recent national title came in 2015 behind three one-and-done freshmen — Jahlil Okafor, Justise Winslow and Tyus Jones. This Duke team has looked capable of joining that squad, with four freshmen averaging double figures in their two NCAA Tournament games, led by Bagley’s 22.0 scoring average. Another of those freshmen, forward Wendell Carter Jr., believes the Blue Devils are “reaching our peak at the right time” and have “developed into a team that can crush another team, our opponent. “I try not to look ahead about this being my last year or anything,” Carter said. “I’m just living in the moment.” The Blue Devils have three players — Bagley, Carter and point guard Trevon Duval — in the top seven members of the 2017 recruiting class, according to 247Sports. The fourth freshman, Gary Trent Jr., was rated No. 17 by the service. The highest-rated members of Kentucky’s class are Hamidou Diallo, Knox and Jarred Vanderbilt — who are ranked 10th-12th by 247Sports — as well as Nick Richards, who’s No. 18. (Point guard Shai Gilgeous-Alexander arrived as a relatively unheralded recruit.) No other top-20 ranked players are still playing in the NCAA Tournament. “No one really cares what the (NBA) is telling you to do, you’ve just got to come out and do what you do best,” Knox said. “And that’s why (coach John Calipari) has sat down with each and every one of us and told us what we need to do for the team, and that’s what we’ve been able to do.” Calipari has said his group “needed to fail as a team” to figure out how to win. The Wildcats in January dropped out of the Top 25 for the first time since 2014, then in February lost four in a row to NCAA Tournament team. But Kentucky enters the Sweet 16 on a five-game winning streak and are the highest remaining seed in the South. Of his group, Krzyzewski said he doubts “they have ever felt pressure.” It showed last weekend when the Blue Devils beat both Iona and Rhode Island by at least 20 points to cruise into their 26th Sweet 16. “It’s not just pressure being off, it’s confidence growing,” Krzyzewski said. “We know (as coaches), if we lose, that’s it. But they don’t look at, ‘That’s it.’ No, the reality is, that’s it, and that’s a different way of looking at it. “Dealing with reality is good. Being nervous about it is not good.”.....»»

Category: sportsSource:  abscbnRelated News13 hr. 47 min. ago

AUB books higher net income in 2017 as businesses grow

ASIA UNITED Bank Corp. (AUB) saw its net income rise in 2017 supported by growth across its businesses. In a disclosure to the Philippine Stock Exchange on Wednesday, the bank said AUB and its subsidiaries booked a net income of P2.8 billion in 2017, 23% higher than the P2.3 billion logged in the previous year. […] The post AUB books higher net income in 2017 as businesses grow appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News19 hr. 46 min. ago

Rental revenues push FLI profit 9% higher in 2017

FILINVEST Land, Inc. (FLI) grew its earnings by 9% in 2017, fueled by the expansion of its rental business alongside demand for both retail and office spaces. In a statement issued Wednesday, FLI said it generated a net income of P5.83 billion last year, as revenues reached P20.27 billion. The company’s 2016 financial report showed […] The post Rental revenues push FLI profit 9% higher in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News19 hr. 46 min. ago

Philippine Azkals back with high spirits, high morale ahead of important matches

New year, fresh start. Heading into an important pair or matches, the Philippine Azkals have been refreshed and rejuvenated, according to team captain Phil Younghusband. Speaking at the pre-match press conference for their International Friendly match against Fiji on Thursday, March 22nd, Younghusband shared that there’s an overall upbeat feeling among the members of the men’s senior national football team. “I think definitely, being with the players three or four times now, spirits are high, everyone’s happy to be with each other.” The Azkals’ match against Fiji will serve as a tuneup for arguably the most important match in Philippine football history, their match against Tajikistan in the final matchday of the 2019 AFC Asian Cup Qualifiers on Tuesday, March 27th. A win over Tajikistan will ensure the Azkals’ entry into the 2019 AFC Asian Cup, a first in Philippine football. When the Azkals saw action in the Asian Cup Qualifiers in early November of 2017, ‘fresh’ wouldn’t be an accurate way to describe the players. The Azkal’s last three AFC Asian Cup Qualifier matches happened within a span of three months, and majority of the National Team callups also had club duties to attend to. Simply put, the players were quite tired. “I think coach mentioned earlier, I think this time around, compared to last year, we had a busier schedule last year and players were doing a lot of travelling, so when we were together, you could sense an air of tiredness,” Younghusband added. Now, the Azkals are coming into their next pair of matches coming off a four-month break and with a lighter schedule. Already, Younghusband sees a change in the atmosphere. “During this camp, everyone seems to have more energy, everyone seems to be laughing more, everyone seems to be smiling more, everyone seems to be more confident,” “I think going into the next two games, against Fiji and against Tajikistan, the players’ morale is very high, it’s good to see.” Younghusband added.   Catch the Azkals as they take on Fiji in an International Friendly Match on Thursday, March 22nd, LIVE on LIGA channel 86 and LIGA HD channel 183. Kickoff is at 7:30 PM......»»

Category: sportsSource:  abscbnRelated NewsMar 21st, 2018

Growth mainstays in focus for 2018

By Melissa Luz T. Lopez Senior Reporter STRONGER consumption coupled with the government’s infrastructure push will drive economic growth this year, S&P Global Ratings said, as exports are likely to normalize from last year’s record pace. “After strong export contributions in the middle of 2017, we expect the traditional pillars of growth — consumption and […] The post Growth mainstays in focus for 2018 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 20th, 2018

PAGCOR to rely on offshore gaming to meet P65-B target

THE PHILIPPINE Amusement and Gaming Corp. (PAGCOR) has set a P65-billion gaming revenue target this year, which it expects to generate largely through the Philippine Offshore Gaming Operators (POGO) segment amid a moratorium on “integrated resorts” or casinos. The target is about 13.36% greater than the P57.34 billion revenue raised in 2017. “Now our target, […] The post PAGCOR to rely on offshore gaming to meet P65-B target appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 20th, 2018

High-end art sales boom in 2017, but it’s only a partial rebound

ZURICH — The works of great artists buoyed the art market last year and none did more than Leonardo da Vinci, whose Salvator Mundi sold to great fanfare for $450 million in New York in November. Global art sales grew 12% to an estimated $63.7 billion after two years of falling sales, said a report […] The post High-end art sales boom in 2017, but it’s only a partial rebound appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 20th, 2018

CLI sets nearly P9-billion capex for 2018

By Arra B. Francia, Reporter CEBU LANDMASTERS, Inc. (CLI) is accelerating spending this year to P8.8 billion, after posting double-digit growth that allowed the company to breach its P1.2-billion net income target in 2017. In a presentation to investors posted Tuesday, the company said the capex program will be used for project development and land […] The post CLI sets nearly P9-billion capex for 2018 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 20th, 2018

Vigan City all set for Palarong Pambansa in April

Vigan City is ready to roll out the red carpet for the more than 15,000 delegates from the country’s 17 regions expected to converge in the Ilocos Sur capital for this year’s hosting of the Palarong Pambansa next month. Department of Education Undersecretary Tonisito Umali made the pronouncement on behalf of the provincial government after personally inspecting the different venues where the various sports events for the April 15-21 meet will be held. “Vigan is definitely ready. The province hosted a regional qualifier of the Batang Pinoy last year and that shows its readiness to stage such big multi-sports event such as the Palaro,” said Umali during the Philippine Sportswriters Association (PSA) Forum at the Tapa King Restaurant at Farmers Market in Cubao on Tuesday. “We had our final technical conference meeting a couple of weeks ago para tingnan sa huling pagkakataon yung preparation ng lalawigan. And no doubt, the facilities are of international standards. Handang-handa na sila,” said the Deped official. “Overall, I would say Vigan, Ilocos Sur is definitely ready.” Umali said DepEd expects the official athlete-delegates to be at around 12,000 competing in 21 regular sports events featured in the secondary level and 15 in the elementary side of the event for student-athletes 18-year-old-and-below. Perennial champion National Capital Region is again favored to win the overall title this year, although Umali noted the emerging rivalry between Calabarzon/Southern Tagalog and Western Visayas regions, which engaged in a close-battle for runner-up finish in the 2017 edition of the annual event held in Antique. In addition, Negros Island Region, which placed fourth last year, has now been made part of Regions 6 (Negros Occidental - Western Visayas) and 7 (Negros Oriental - Central Visayas). “So we’ll have to see ano ang effect pag ibinalik ulit as Regions 6 and 7 yung Negros Occidental and Negros Oriental,” added Umali in the session presented by San Miguel Corp., Tapa King, and the Philippine Amusement and Gaming Corp. DepEd will continue to hold the demo sports of pencak silat, aero gymnastics, and dance sports, the same thing with the special Para events in aquatics, track and field, bocce, and goal ball. Being summer season, Umali said the Palaro will observe the same practice of not holding games from 10 a.m. to 3 p.m. “All games to be held during that time are indoor events,” said the government official. There will also be water dispensers stationed at the different sports venues for both athletes and officials, medical ambulances, doctors, and nurses are also on standby in both the playing court and billeting quarters, as well as police personnel. Umali also said the host province will be providing transportation unit for those coming from the Visayas and Mindanao regions which will carry them all the way to Vigan. “This is the first time the host LGU will shoulder transportation means or cost by providing buses to our athletes from Mindanao and the Visayas coming from a drop-off point lang. And lahat sila dadalhin sa Vigan, Ilocos Sur ng libre,” he said......»»

Category: sportsSource:  abscbnRelated NewsMar 20th, 2018

SSS revenues exceed target in 2017

The Social Security System (SSS) breached its revenue target in 2017 on the back of its intensified collection efforts. In a statement sent to reporters on Monday, the state pension fund said it booked P200.5 billion in total earnings from members’ contribution and investment as well as other income last year......»»

Category: newsSource:  interaksyonRelated NewsMar 20th, 2018

Cebu Landmasters’ 2017 profit surges 66% to P1.29 billion

Cebu Landmasters, Inc. (CLI) delivered a 66% increase in net income in 2017, allowing it to breach its profit target of P1.2 billion for the year. The Cebu-based property developer disclosed on Tuesday, March 20, that its net income stood at P1.294 billion last year, after revenues likewise climbed by 66% to P3.929 billion. “We […] The post Cebu Landmasters’ 2017 profit surges 66% to P1.29 billion appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 20th, 2018

SSS revenues exceed target in 2017

SOCIAL SECURITY System (SSS) breached its revenue target in 2017 on the back of its intensified collection efforts. In a statement sent to reporters on Monday, the state pension fund said it booked P200.5 billion in total earnings from members’ contribution and investment as well as other income last year. This is 15% higher than […] The post SSS revenues exceed target in 2017 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 19th, 2018

Pilipinas Shell profit soars 39% in 2017

PILIPINAS SHELL Petroleum Corp. said its net income rose 39%   in 2017, it told the stock exchange on Monday, citing strong growth in retail volume and regional refining margins as well as gains in inventory holdings. In a statement, Pilipinas Shell said its full-year profit jumped to P10.4-billion profit from the P7.4 billion recorded […] The post Pilipinas Shell profit soars 39% in 2017 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 19th, 2018

June Mar bags PBA Player of the Week honors

Four-time league MVP June Mar Fajardo’s size, skills and experience worked beautifully for San Miguel Beer, which went on to complete a 4-1 semifinal series win over Barangay Ginebra to march to its fourth straight Philippine Cup Finals stint Saturday night. The 6-10 Fajardo averaged 20.67 points and 12.67 rebounds to earn the PBA Press Corps Player of Week for the period of March 13-18, keying the Beermen’s victories in Games 4 and 5 to keep their All-Filipino conference “four-peat” bid alive. Stung by Ginebra’s 95-87 win in Game 3 last Tuesday, the Cebuano big man finished with a double-double stats line of 14 points and 13 rebounds, engineering SMB’s blazing start as the Beermen hammered the Gin Kings, 102-81 two days later. San Miguel, then finished off Ginebra’s Finals aspirations as the 28-year-old Fajardo barrelled his way in for 25 points on 11-of-18 shooting from the floor, along with 9 rebounds, 3 assists and a block in 100-94 win in Game 5. While Marcio Lassiter, Arwind Santos and Alex Cabagnot also dished off excellent performances in San Miguel’s sensational back-to-back wins, Fajardo earned the nod for the weekly citation. With a league-best 24 PBA titles at hand, San Miguel Beer looks to extend its domination of the Philippine Cup since reigning supreme in the season-opening conference from 2015 to 2017. The 2017 Philippine Cup conquest in fact, gave SMB the Perpetual Jun Bernardino trophy. San Miguel now awaits the winner of the other semifinal series between sister team Magnolia and NLEX. The Hotshots took Game 5 Sunday night, 87-78 to gain the driver’s seat, 3-2. .....»»

Category: sportsSource:  abscbnRelated NewsMar 19th, 2018

Catriona Gray crowned Miss Universe Philippines 2018

MANILA, Philippines – Catriona Gray is Miss Universe Philippines 2018! ( FULL LIST: Winners, Binibining Pilipinas 2018 ) She was crowned by Miss Universe Philippines 2017 Rachel Peters on Sunday, March 18, at the Smart Araneta Coliseum. Catriona will represent the Philippines in the Miss Universe pageant scheduled this year. ( READ: Miss Universe Philippines 2018 Catriona Gray's winning answer ) The following ladies will compete ........»»

Category: newsSource:  rapplerRelated NewsMar 19th, 2018

Aldrech after Hotshots take 3-2 lead: Wala pa kami napapatunayan

ANTIPOLO CITY, Rizal --- The Hotshots take a 3-2 lead in the PBA Philippine Cup semifinals, we've seen this before. It didn't end well. Last season, the Hotshots also took a 3-2 lead over Brgy. Ginebra in the 2017 PBA Philippine Cup semifinals only to end up losing in seven games. This season, on their fourth straight semis appearance, the Hotshots are once again up 3-2, this time against NLEX. It feels awfully familiar and the team is hellbent on advancing to the championship round now. "Actually yun yung sinabi ni coach kanina sa dugout, same situation as last year [vs. Ginebra]," forward Aldrech Ramos said Sunday after Magnolia's 87-78 win over the Road Warriors at the Ynares Center here. Ramos fired 12 points in the third period and finished with a total of 15, giving Magnolia a spark on offense in a game that was a defensive struggle right from the start. "Wala pa kami napapatunayan, hindi pa namin nao-overcome yung nangyari samin last year. Wag kami makampante para makuha namin yung Game 6," he added. Following a "Grand Slam" last season in terms of semifinal appearances, Magnolia is hungry for a Finals stint. And after finally reaching this far --- they lost in the Commissioner's Cup, 1-3, and got swept in the Governors' Cup --- the ghost of the 2017 Philippine Cup still haunt the team. Now is the time to get over it and challenge San Miguel for the title. "Malaki to, ilang beses na kami nakatungtong sa semis pero hindi naman ito yung ticket para maka-pasok kami sa Finals di ba," Ramos said. "Kailangan pa rin namin mag-trabaho at hopefully next game, magawa ulit namin, ma-surpass namin yung energy nila at makuha namin," he added.   --- Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsMar 18th, 2018

More fund-raising activities for infrastructure projects expected

THE Philippine Dealing and Exchange Corp. (PDEx) hopes to equal the volume of listings it recorded in 2017, as it sees more fund-raising activities to finance infrastructure projects. “We’re hoping that we can equal the volume of last year. We’ll know more definite trends probably towards the end of the first semester,” PDEx Chairman and […] The post More fund-raising activities for infrastructure projects expected appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 18th, 2018

February car sales down 3.2%

Sales of vehicles in the country reached 26,176 units year-on-year in February 2018, down by 3.2 percent from 27,040 units year-on-year in February 2017, Chamber of Automotive Manufacturers in the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) reported. Sales of passenger cars dropped to 8,192 units or 10.1 percent….....»»

Category: newsSource:  journalRelated NewsMar 17th, 2018

Current account deficit balloons to $2.5B in 2017

THE country’s current account deficit more than doubled last year as merchandise imports outstripped outbound shipments, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. The 2017 shortfall ballooned to $2.5 billion from $1.2 billion a year earlier and was equivalent to 0.8 percent of gross domestic product (GDP) “This developed on account of the [...] The post Current account deficit balloons to $2.5B in 2017 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 17th, 2018