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Russia firm eyes investment in Philippines

MANILA, Philippines — A Russian company is planning to put up the first pipeline coating facility in the Philippines, making the country its production hub f.....»»

Category: financeSource: philstar philstarDec 23rd, 2017

Russia firm eyes building pipeline plant in Bataan

A Russian company expressed interest to the Board of Investments (BOI) to construct a pipeline coating facility in the Philippines, the Department of Trade and Industry (DTI) said on Friday, in another indiction of the country’s increasing attractiveness to foreign investors. According to Trade Secretary Ramon Lopez, Igor Shaporin, BT SVAP LLC’s chairman of the [...] The post Russia firm eyes building pipeline plant in Bataan appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsDec 22nd, 2017

Local firm eyes $250-M Leyte steel mill project

MANILA, Philippines – A company formerly engaged in mining in Leyte is proposing to develop a steel mill plant in the province with an investment of $250 mil.....»»

Category: financeSource:  philstarRelated NewsNov 30th, 2016

BCDA hires Singapore firm to help with Clark design

MANILA, Philippines — The Bases Conversion and Development Authority (BCDA) and the Japan Overseas Infrastructure Investment Corp......»»

Category: financeSource:  philstarRelated NewsJan 9th, 2018

HEADS UP: 10 sporting events to watch out for in 2018

2017 has come and gone, and it delivered some exciting sporting moments that has every sports fan clamoring for more. Worry not, though, as 2018 looks primed to satisfy even the most die-hard Pinoy sports aficionado with its bevy of local and international sporting events. Let's welcome the upcoming year with 10 of the most exciting sporting events to watch out for this 2018.   NCAA 93 & UAAP 80 VOLLEYBALL The cagers are out, and the spikers are in. Volleyball season begins this January 4 with NCAA season 93, followed by the 81st season of the UAAP this February. NCAA volleybelles are once again ready to take center court, and the defending women's champion Arellano University Lady Chiefs, led by heavy hitters Jovie Prado and Regine Arocha are banking on their undisputed team play to propel them to another title. Playing inspired volleyball throughout the season, the Lady Chiefs stunned the thrice-to-beat San Sebastian Lady Stags in the Finals last year, ultimately ending Grethcel Soltones' collegiate career with a dud. Rising stars like San Beda's Ces Racraquin, JRU's Karen Montojo also make the upcoming NCAA volleyball season worth waiting for. UAAP volleyball begins a month later the NCAA tournament, but expect the field to be even more tumultuous. With no clear-cut number 2 team to challenge the two-time defending champions DLSU Lady Spikers, it will be a toss-up against basically the other seven schools to step up. Dangerous squads include the much-improved Adamson Lady Falcons, last year's pleasant surprise UST, the dynastic Ateneo Lady Eagles, and the intact NU Lady Bulldogs and FEU Lady Tamaraws. NBA ALL-STAR GAME & 2018 NBA FINALS The annual showcase of the NBA's brightest stars just got a major revamp. That's right, the league has done away with the traditional East-West teams, and will now have a playground-type pool selection of players between its two captains when the exhibition tips off in Los Angeles. This raises a lot of interesting questions: Will the captains pick their teammates or will they go with a more controversial pick and select a rival? Will we able to know the order of the draft? Will this actually work in making the game better? While answers to those questions might not be answered until a few months, one thing's for sure, the NBA Finals, the spectacle that actually counts, will be epic. Will we be treated to Golden State Warriors vs Cleveland Cavaliers Pt. 4? Or will another squad swoop in to spoil the party? The league has indeed improved, with surprising teams like the Milwaukee Bucks, the Indiana Pacers, the Detroit Pistons out in the East already staking claim to playoff spots, and the Wild, Wild, West staying true to its monicker. The Houston Rockets and the perennial powerhouse San Antonio Spurs are still the favorites to pull the rug under the Warriors, while the Oklahoma City Thunder is right behind. Either way, with months of hoops already invested in it, the NBA Finals will surely be another explosive one, as it always is.   HOMECOMING QUEEN Alyssa Valdez spent the majority of 2017 overseas, spreading her wings in Taiwan with volleyball club Attack Line. This 2018 though, The Phenom plans on staying in the Philippines, armed with two year’s worth of international experience to focus on her home club team in the Creamline Cool Smashers.  "Next year, I'm planning to focus sa Creamline. Just this year, I travelled a lot talaga. They supported me throughout, esepcially doon sa National Team stint ko. They sacrificed a lot for me talaga. I think I have to focus sa team ko talaga,” she said last week.Alyssa Valdez just got scarier.   PINOY HOOP DREAMS: REMY MARTIN, KOBE PARAS  Two proudly Pinoy ballers based in the U.S. set out this 2018 to continue shooting for our island nation’s humble hoop dreams. Kobe Paras is still serving residency this 2017-2018 season with the California State University-Northridge Matadors, but his development is sure to be a joy to watch. The 6’6” Pinoy swingman accomplished a tour of duty with Gilas Pilipinas earlier in the year, and many Pinoys saw why we should all be excited about high-flying forward. Remy Martin, a 5’11” point guard dazzled in his first few games with the Arizona State Sun Devils, with his athleticism, explosiveness and feisty defense. The Filipino-American cager is proud of his roots and hopes to represent flag and country with Gilas Pilipinas in the future.   WHO (OR WHAT) IS NEXT FOR MANNY PACQUIAO? The never-ending saga of what’s next for Manny Pacquiao looks like it'll seep into 2018.  Following a rather controversial loss to Australian boxer Jeff Horn, Pacquiao has been “courting” the likes of Floyd Mayweather Jr. for a rematch, even taking to Instagram to ”greet” MMA superstar Conor McGregor before finally admitting that he’s been in talks with the Irish fighter’s camp. Whether he actually retires from boxing for good, or takes on another foe in the squared circle, one thing’s for sure: we’ll all have our eyes on Manny Pacquiao’s next move.   2018 WORLD CUP RUSSIA™ After four years, the best of world football will once again converge, this time in Russia to crown the Kings of the beautiful sport. The stage is set, the groups are finalized, and the 32 squads are promising the best 30-day football extravaganza in the hopes of dethroning defending champions Germany this June. Some group stage clashes to look out for are Germany vs Mexico, England vs Belgium, Portugal vs Spain, to name a few. June couldn’t come soon enough.   CHRISTIAN STANDHARDINGER'S PBA DEBUT No PBA rookie has probably come into the league as pro-ready as the Filipino-German standout Christian Standhardinger. The 6’9” big man was the consensus top overall pick of the 2017 PBA draft, and was also at the center of the controversial trade that sent Kia Picanto’s rights to the number 1 selection to the already-dominant San Miguel. While the trade did go down, so did former commissioner Chito Narvasa. Standhardinger’s entry to the PBA has come at a cost, but San Miguel is more than ready to wait one more conference to bulk up their already stacked squad. Seeing Standharinger play alongside 6’11” center and reigning MVP June Mar Fajardo, versatile forward Arwind Santos, and the Beermen’s bevy of guards in Alex Cabagnot, Marcio Lassiter, and Chris Ross, is definitely a sight to see, just look at how he's tearing it up in the ASEAN Basketball League.    2018 ASIAN GAMES INDONESIA The Philippines’ less than stellar performance at the 2017 Southeast Asian Games was met with widespread flak. Not directed at our athletes however, but aimed at our sports development and governing body for its subpar work in getting our sports representatives ready. While the 2018 Asian Games isn’t so far away, a handful of Pinoy medalists from the SEA Games are going into the continental meet with high hopes. After dominating the SEA Games’ triathlon event, our Filipino endurance athletes, led by gold medalists Kim Mangrobang, and Nikko Huelgas, are once again primed to take home hardware. Marathoner Mary Joy Tabal, and boxers John Marvin, and Eumir Marcial, all gold medalists at Malaysia, are all bright spots that could soon unravel into full-fledged stars come 2018.   GILAS PILIPINAS IN THE FIBA WORLD CUP QUALIFIERS It’s official, basketball is coming home to the Philippines this 2023 by way of the FIBA World Cup, but Gilas Pilipinas will first have to try its luck in the 2019 meet. After dealing with Chinese Taipei and Japan this 2017 for a perfect 2-0 slate in the qualifiers, Gilas Pilipinas still has to face the Japanese anew, and the powerhouse Australian team early in 2018. A good showing against these squads will help Gilas strengthen its bid to international basketball’s biggest stage before we actually host the event in six years’ time.   UAAP 81 BASKETBALL UAAP season 80 just came to an end, but the next season just got way more interesting. Aside from the title defense of the intact Ateneo Blue Eagles and their ongoing rivalry with La Salle, a certain move by a coach has shaken up the league. With Aldin Ayo reportedly accepting the job as the new head coach of the struggling University of Sto. Tomas, we might just be witnesses to the rebirth of the once proud basketball program under the fiery mentor. That, and the way the DLSU Green Archers can adjust from the departure of Ayo and former two-time MVP Ben Mbala, key cogs to their season 79 championship run. The tight race for the MVP award will also be one to watch, with Mbala gone, it’s up to the local stars to step up to the challenge......»»

Category: sportsSource:  abscbnRelated NewsDec 31st, 2017

Letters From Davao by Jun Ledesma

‘It was a good year’ We have seen the litany of achievements of Duterte administration. It dwarfed the entire six years of the Aquino regime. It could have done better except that it has to first fix a lot of damages wrought by an inept regime that has likewise institutionalized corruption and abetted crime the most horrific of it all – the drug syndicates.  Space or brevity must have limited some significant achievements of the  Department of Finance and am referring to the upgrades of credit ratings of the Philippines from investment grade to investment grade and stable. While early on Standard & Poor’s claimed that President Duterte’s war on drugs and alleged extra-judicial killings are factors that account for the static rating by December 2017 it grudgingly acceded that something good is happening in the Philippines under Duterte’s watch.  Finance Sec. Sonny Dominguez and his team deserves the credit. Fitch and Moody’s in their “investment grade and stable” rating in December enunciated that the issues surrounding drugs and EJK have nothing to do with the rosy economy of the country and its image as capital investment destination. The country’s economic performance for one is top in Asia and there is no turning back with the expected massive spending on infrastructures and government services starting 2018 and beyond.  The Duterte government achievements scoreboard makes the moribund opposition drooling. Still on Finance, expect the billionaires who are also the country’s tax dodgers to cough up. TRAIN or the Tax Reform for Acceleration and Inclusion gives a huge relief to 99 percent of those small taxpayers saving the ar least P50,000.00 in tax cut!  But demands and exacts the reasonable taxes from the rich especially the filthy rich. Last year sampling of Lucio Tan (P6-billion), Mighty Cigarettes (P40-billion) and the Prieto and Rufinos’ one-mile asset that they are accountable to the government in still unquantifiable amount as yet? There is a subliminal message to be absorbed why candidate Rodrigo R. Duterte refused to accept donations from the rich and famous: just pay your taxes correctly and you’re okay.  The Bureau of Internal Revenue and the Bureau of Customs are churning more collections under a continuing reforms.  President Duterte himself did dramatic and radical transformations in the area of Foreign Affairs and security. He was chided and lectured on by self proclaimed experts in diplomacy and security alliances especially with the generous expletives he is famous for. But as he admitted to the point of being apologetic, he told media men in this year’s Christmas party, “but that is me”.  Duterte’s foray into foreign affairs and diplomacy might be severely lacking in refinements but he put across his message clearly and direct and one cannot quarrel with what he achieved in such a brief moment. He virtually altered the outlook of the western countries on small sovereign nations. He overhauled alliances by an unwritten rule of mutual respect and cognizance of sovereignty. While Aquino made enemies with China which is the world’s second largest economy resulting in unquantifiable losses of opportunities Duterte reversed that with the resumption of trade, financial assistance with cheap money interest, massive infrastructure projects that will come into fruition by 2018. World leaders to include Xi Jinping of China, Vladimir Putin of Russia, PM Shinzo Abe of Japan and, to the dismay of the so-called Yellowtards, US Pres. Donald Trump who became his virtual phone pal.  The Department of Agriculture under Sec. Manny Pinol, did exemplary well. Productivity is better than expected and could have performed better if not for the natural calamities that the country has to contend with. Maybe the Bureau of Fisheries under it may try something out of the box. Propose to China to convert that disputed island into a one big marine laboratory. China provides the infrastructures while the Philippines the technical aquatic expertise. Make a 10-mile no-fishing marine haven around the island and guarded by the joint coastguard forces of China, Philippines and Vietnam. The Philippine Coconut Authority under Cabinet Sec. Jun Evasco is about to embark on a massive replanting program.  The Aquino government allocated billions of pesos to fight ‘cocolisap’ infestation but applied the wrong solution. Well, what do we expect from a certain Kiko Pangilinan? The replanting program was a big failure on account of  massive graft in high and low places. Replanting as well as new areas had been programmed by PCA.  Finally we have to give accolade to our Armed Forces of the Philippines and the Philippine National Police for combating internal threats, terrorism and syndicated crime. The AFP and PNP are more prepared and better equipped now than any other time in history. Furthermore we see a disciplined forces in the AFP and while there are a few remaining scalawags in the PNP the cleansing process is done without let-up. We from Mindanao are comfortable and secured with their presence even under the aegis of martial law. If you do not believe me look at the various surveys on the popularity and trust of Filipinos on President Duterte and his government.  This will end my perspectives for year 2017 and we look forward to 2018 the Build, Build, Build era. The beginning of the new Philippines. Mindanao and Davao City, from where I live and write, may have suffered from natural calamities but we had seen, suffered and endured worse scenarios and even man made tragedies than […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsDec 29th, 2017

Grab eyes investment in PUV modernization

CEBU CITY, Philippines – Transport network company (TNC) Grab Philippines said it wants to support the government's public utility vehicle (PUV) modernization program by investing in public transportation in 2018. Leo Gonzales, public affairs manager of Grab Philippines, said the company is open to investing heavily in PUV modernization in various cities, including ........»»

Category: newsSource:  rapplerRelated NewsDec 22nd, 2017

Miss Universe 2017 Demi-Leigh Nel-Peters: Eyes on the prize, always

It seemed as if Demi-Leigh Nel-Peters was still vying for the 2017 Miss Universe title. In an interview with Inquirer on Dec. 7 at Jollibee Macapagal Biopolis, the South African stunner said she had been eyeing just one pageant: "For me, it's always been Miss Universe." South Africa, like Russia, usually sends its winning contestant to Miss Universe and Miss World. When schedules are too tight, however, the contestant herself gets to choose which pageant to join. In the case of South Africa, its candidates prefer Miss Universe, although Rolene Strauss won Miss World 2014, after the reign of Miss World 2013 Megan Young of the Philippines. The last time South Africa won ...Keep on reading: Miss Universe 2017 Demi-Leigh Nel-Peters: Eyes on the prize, always.....»»

Category: newsSource:  inquirerRelated NewsDec 11th, 2017

China petrochem firm eyes expansion in Philippines

MANILA, Philippines — A Chinese petrochemical company is keen on expanding in the Philippines, adding to the growing list of business intentions and expansio.....»»

Category: financeSource:  philstarRelated NewsDec 8th, 2017

Shenzhen bourse eyes tieups with PSE

THE Shenzhen Stock Exchange (SZSE) is on the lookout for increased collaboration with its Philippine counterpart given warmer ties between Manila and Beijing. “Bilateral relations between the two countries are warming up and there is a great amount of investment from China into the Philippines and therefore it is in natural interest that the two [...] The post Shenzhen bourse eyes tieups with PSE appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsDec 7th, 2017

DTI: China oil firm eyes investing in PH

A Chinese oil firm has expressed interest in investing in a fuel facility in the Philippines, the Department of Trade and Industry (DTI) said on Wednesday, in another indication of the country’s increasing attractiveness to foreign investors. The DTI said Trade Secretary Ramon Lopez recently met Handi Group President Hanling Wu to discuss the possibility [...] The post DTI: China oil firm eyes investing in PH appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsDec 6th, 2017

Alsons eyes P3 B borrowings

MANILA, Philippines — Alsons Consolidated Resources Inc., the listed holding firm of the Alcantara Group, is set to borrow up to P3 billion by mid-2018 to ba.....»»

Category: financeSource:  philstarRelated NewsNov 20th, 2017

AirAsia eyes PHL flights to Russia via Vietnam

By Krista A. M. Montealegre, National Correspondent PHILIPPINES AIRASIA, Inc. is eyeing more routes from Vietnam after launching its inaugural flight from Manila to Ho Chi Minh over the weekend. Philippines AirAsia Chief Executive Officer Dexter M. Comendador told reporters late Friday at the send-off ceremony in Pasay City the airline will evaluate the possibility of connecting […] The post AirAsia eyes PHL flights to Russia via Vietnam appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsNov 19th, 2017

Confidence of CEOs high even as it slips

THE PHILIPPINES is expected to be among Asia Pacific’s “biggest domestic investment winners” this year, according to an annual survey of multinational professional services provider PwC that nevertheless showed confidence among business leaders in the country slipping from 2016. “The biggest domestic investment winners will be Vietnam, Russia, the Philippines, Indonesia and Malaysia,” PwC said […] The post Confidence of CEOs high even as it slips appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 9th, 2017

Foreign buyout firms face dearth of local targets

Swiss buyout firm Partners Group has wrapped up its first investment in the Philippines — a stake in a business process outsourcing firm — early this year and is hungry for more deals......»»

Category: newsSource:  interaksyonRelated NewsOct 16th, 2017

Foreign buyout firms face dearth of local targets

By Krista A. M. Montealegre, National Correspondent SWISS BUYOUT firm Partners Group has wrapped up its first investment in the Philippines — a stake in a business process outsourcing firm — early this year and is hungry for more deals. “We don’t need to wait and see how this works out. We want to invest […] The post Foreign buyout firms face dearth of local targets appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 16th, 2017

PH endorses continuing ASEAN-Russia growth story

&'160; Highlights areas of bilateral cooperation with Russians &'160; VLADIVOSTOK—Following the June visit of President Rodrigo Duterte in Russia, the Philippines (PH) successfully concluded a trade and investment scoping mission in Russia, as well as actively participated in the Eastern Economic Forum (EEF) on 6-7 September. &'160; “During this mission, we promoted PH trade and [&'].....»»

Category: newsSource:  boholnewsdailyRelated NewsSep 19th, 2017

A Brown, Russia firm forge deal to build agro irradiation centers

MANILA, Philippines — Listed A Brown Co. Inc. (ABCI) and partner Rusatom Healthcare, a division of Russian State Atomic Energy Corp......»»

Category: financeSource:  philstarRelated NewsSep 11th, 2017

China firm eyes world-class theme park in Philippines

MANILA, Philippines — China’s major developer Landing International Development Ltd......»»

Category: financeSource:  philstarRelated NewsSep 8th, 2017

Graphic tablet maker eyes higher Philippines sales

MANILA, Philippines - Wacom, a Japanese firm specializing in graphic tablets, aims to grow sales in the Philippines by 30 percent this year as it looks to ta.....»»

Category: financeSource:  philstarRelated NewsJul 13th, 2017

Government urged to scrutinize China deals

MANILA, Philippines - The Duterte administration’s pivot to China may come at a political price, according to a Denmark-based investment advisory firm......»»

Category: financeSource:  philstarRelated NewsJun 19th, 2017