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Russian firm, FNI to construct nickel plant

Russian firm, FNI to construct nickel plant.....»»

Category: financeSource: thestandard thestandardNov 14th, 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

GFNi inks agreement with Russian firm

GLOBAL FERRONICKEL Holdings, Inc. (GFNi) has inked an agreement with Russian firm Vi Holding LLC, whose expertise involves low-cost mineral processing. In a statement, the country’s second-largest nickel producer said the memorandum of cooperation and partnership was signed by its Chairman Joseph C. Sy and Vi Holding Chairman Valery N. Krasnov. President Rodrigo R. Duterte […] The post GFNi inks agreement with Russian firm appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 14th, 2017

GBP unveils training facility

GLOBAL Business Power Corp. (GBP), the leading power supplier in the Visayas, opened a training facility as its contribution to the advancement of technical education in the energy sector. The firm inaugurated the 1,863-square meter GBP Institute for Energy (GIE) at its power plant complex in Brgy. Ingore, La Paz, Iloilo City on April 17, […] The post GBP unveils training facility appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsApr 17th, 2018

Bishop wants Bataan nuke plant laid to eternal rest

A CATHOLIC prelate has called on the Duterte administration to permanently abandon its plan of operating the country’s only nuclear power plant by putting it to “eternal rest.” Balanga Bishop Ruperto Santos made the call in the wake of the Russian envoy to the Philippines’ statement that Bataan Nuclear Power….....»»

Category: newsSource:  journalRelated NewsApr 16th, 2018

Russian ambassador: Bataan nuclear power plant revival not possible at all

Russian ambassador: Bataan nuclear power plant revival not possible at all.....»»

Category: newsSource:  cnnphilippinesRelated NewsApr 4th, 2018

Defense chief says China-Russia military ties a signal to US

MOSCOW, Russia --- China's new defense minister says his visit to Russia is a signal to the United States about the increasingly close military ties between Moscow and Beijing. The unusually bold statement Tuesday by Gen. Wei Fenghe at the start of his talks with Russian Defense Minister Sergei Shoigu reflected the growing military cooperation between the two former Communist rivals. Speaking in Moscow, Wei emphasized that he chose Russia for his first trip abroad since becoming the international face of China's military last month to "show the world a high level of development of our bilateral relations and firm determination of our armed forces to strengthen strategic coopera...Keep on reading: Defense chief says China-Russia military ties a signal to US.....»»

Category: newsSource:  inquirerRelated NewsApr 3rd, 2018

FNI unit renews nickel exports deal with China firm

MANILA, Philippines — Listed Global Ferronickel Holdings Inc......»»

Category: financeSource:  philstarRelated NewsMar 19th, 2018

MGI’s Sto. Tomas plant begins exporting power to Luzon grid

THE SECOND UNIT of Maibarara Geothermal, Inc. (MGI) has started exporting power to the Luzon grid on Friday, its listed parent firm told the stock exchange. MGI’s facility in Sto. Tomas, Batangas is its second geothermal unit (M2) with a capacity of 12 megawatts (MW). “M2 was put online at 12:04 p.m. on March 9, […] The post MGI’s Sto. Tomas plant begins exporting power to Luzon grid appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 12th, 2018

DMCI posts 16% growth in net income

Earnings of DMCI Holdings, Inc. climbed last year buoyed by the double-digit growth of the coal energy, real estate and construction segments as well as the recovery of the nickel mining business. In a disclosure to the stock exchange on Friday, March 9, the Consunji-led firm reported a 16% growth in net income attributable to […] The post DMCI posts 16% growth in net income appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 9th, 2018

DMCI net income up 16%

EARNINGS of DMCI Holdings, Inc. climbed last year, buoyed by the double-digit growth of the coal energy, real estate and construction segments, as well as the recovery of the nickel mining business. In a disclosure to the stock exchange on Friday, the Consunji-led firm reported 16% growth in net income attributable to shareholders to P14.8 […] The post DMCI net income up 16% appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 9th, 2018

Cuban s tanking talk raises key issue for NBA

By David Aldridge, TNT Analyst The NBA fined Dallas Mavericks owner Mark Cuban $600,000 for being honest. Cuban told Naismith Memorial Hall of Famer Julius Erving on Erving’s podcast a couple of weeks ago that he told his players during a recent dinner that “losing is our best option. Adam (Silver) would hate hearing that…(but) we want the players to understand. As a player, you know that even though you may not agree, but at least if you respect the fact that someone took the time to talk to you, and you understood their perspective, you’re going to give me your feedback, but you’re part of the process.” But the league fined Cuban for what it called “public statements detrimental to the NBA” three days later. And Silver sent a memo to all 30 teams last week detailing the league’s position. “Throughout this period,” Silver wrote, “we have been careful to distinguish between efforts teams may make to rebuild their rosters, including through personnel changes over the course of several seasons, and circumstances in which players or coaches on the floor take steps to lose games. “The former can be a legitimate strategy to construct a successful team within the confines of league rules; the latter -- which we have not found and hope never to see in the NBA -- has no place in our game.” Yet Cuban did not in any way, nor has any evidence to the contrary emerged, state the Mavericks were losing games on purpose; that is, players were intentionally missing shots, or not putting forth effort on defense to let the other team score, or anything like that. (Even Silver acknowledged in the memo that the league has “no basis at this time to conclude that the Mavericks team is giving anything less than its best effort on the court, and Mark has assured us that this is not the case.”) So, why the fine? Was what Cuban said so incendiary? ‘’Mark knew his comments were public, so it surprised me that he was so candid, but that's who Mark is,” said one very high-ranking official from another team over the weekend. “To me his comment wasn't indicating tanking as their strategy but more about setting the expectation that playoffs were not a possibility. The only consolation of not making the playoffs is being in the lottery. You can't blame a team from trying to turn the lemon (losing) into lemonade (top 4 pick). The league needs to find a way not to reward losing.” Exactly. What Cuban said was spot on -- losing to improve the Mavericks’ Draft position was, and is, the best and quickest way for Dallas to get better and start winning games again. That doesn’t mean everyone agreed with Cuban being so blunt. “I think it was a totally inappropriate to say that to players,” said another extremely high-ranking team official for another team. “Whatever the team’s strategy may be, I firmly believe that the players should always play to win. The fine is meaningless to Mark; in fact, sometimes I think he enjoys the publicity he gets from the fines.” But. We ask people to be truthful and not lie about their intentions. We tell our kids that no lie is worth telling, and that telling the truth, no matter how painful, is always the best choice. So Cuban is honest and tells the truth, that short-term losing makes more sense for his franchise’s long-term interests, and he’s relieved of 600 large by the league. Meanwhile, the Philadelphia 76ers are lauded -- and revel in their slogan, “Trust the Process,” celebrated by the team’s most ardent supporters -- whose central tenet was to lose, and keep losing, until you could draft a player good enough to build around and win down the road. Which is, exactly, what Dallas is doing now. Indeed, increased tanking is the logical extension of an analytics-dominant league. If three is greater than two -- the reasoning behind the primacy of the 3-pointer in today’s NBA -- then doing anything you can to get more ping-pong balls in the hopper is the correct thing to do. You can’t just embrace the parts of doing it by the numbers that are pleasant. This is the flip side. Burying one’s head in the sand and pretending teams don’t do this doesn’t make sense. Everyone does it in every sport, or don’t you recall “Suck for Luck,” the chant of Indianapolis Colts’ fans before the 2012 NFL Draft? What of Major League Baseball’s Houston Astros losing 324 games from 2011-13? Were they trying to win games, or did we all imagine them going from $102 million in payroll in 2009 to $26 million by 2013? “I resist the word ‘tanking,’ but I’m very pro ‘rebuilding,’ when it’s necessary,” said Los Angeles Dodgers President Stan Kasten, who in a former life ran the Hawks as general manager in the ‘80s and ‘90s, by telephone Sunday. “And, it’s painful,” Kasten said. “You’ve got to explain it to your team, your fans, to your front office, to your coaches, to your wife, to your kids, to the country club. It’s hard. It’s painful. It’s nobody’s first choice. But if it’s necessary, it’s often the quickest way to get the team back to winning. And don’t lose sight of that.” Kasten’s Dodgers lost the World Series to the Astros, who methodically built their team the last four years around young drafted players like Series MVP George Springer, last fall in seven games. But not only is he not angry with Houston for the way management took the franchise’s foundation to the studs -- compared with his high-spending Dodgers -- he admires the speed with which they went from worst to first. “I have real feelings about what they did,” Kasten said. “Because Mark Walter (the CEO of Guggenheim Partners, the global firm that bought the Dodgers in 2012) and I, before we bought the Dodgers, we were looking at Houston. Because they were available. And truthfully, when we looked at where they were, we were going to do the same thing. It had to be done. Because they were not on a track to win. And frankly, I don’t think I could have done it as fast, or as well, as (Astros owner) Jim Crane, or (GM) Jeff Luhnow. Because doing that, to the extreme, takes real intestinal fortitude.” Kasten makes a strong distinction between a team cutting payroll and going young and that winds up losing, and one that’s actively seeking ways to lose more games. “All of these owners are hyper-competitive, and they want to win,” Kasten said. “And truthfully, the quickest way to win, at least if you look at the last three world champions, is to rebuild and get young and get prospects and do it that way. And if you don’t think that’s the better way to go, ask the fans in Houston and Chicago and Kansas City how they feel. You won’t get one fan who disagrees with what is done. It is the quickest way to win.” Please do not misunderstand. I hate tanking. I hate the idea of introducing losing into your shop, even indirectly. It’s like a virus, extremely difficult to get rid of once it gets in a franchise’s bloodstream. A ticket is, in essence, a contract between parties: I pay top dollar, you give me top-dollar product in exchange. When a team tanks, it violates that compact; I don’t recall any team that’s given fans a tanking discount. It is also very difficult to tank effectively in the NBA. The last three teams with the best odds of getting the No. 1 in the Draft going into the Lottery -- Boston (2017), Philadelphia (2016) and Minnesota (2015) -- have indeed won. But prior to that, the team with the best odds didn’t get the first pick for 10 consecutive years, and 22 times out of the last 25 years. And even the teams that did buck the odds and get the first pick often picked wrong, or did I miss Anthony Bennett Night in Cleveland, or the Andrea Bargnani statue outside of Air Canada Centre? “The Draft is often a crap shoot anyway,” the official from the second team said. “So why not give your fans the best product that you can and then draft Donovan Mitchell,” as Utah did this season. The Jazz traded for the rights to the Kia Rookie of the Year candidate, who was taken near the bottom of the Lottery (13th overall by the Denver Nuggets). This came a season after the Jazz went 51-31 and won its first-round playoff series. I agree. Tanking does not reward excellence in team building -- good drafting, good free-agent signings, good player development -- it rewards the exact opposite of that. It’s a Golden Ticket that doesn’t even require you to buy an Everlasting Gobstopper. But, tanking is reality. You can’t pretend it isn’t. And the only way to completely get tanking out of pro sports is to eliminate the Draft in all sports, including the NBA. We don’t want to have that conversation, do we? Personally, I’d love it. Can you imagine the fight that would set up between interested teams -- and who wouldn’t be interested? -- in a certain 7-foot-1 freshman center almost certain to leave school early who currently plays for a school that’s been in the news for all the wrong reasons lately? Would he help the Lakers? The Knicks? The Bulls? The NBA team in the state in which the college player currently plays, which rather desperately needs another star to pair with its one really great player (whose name, if you must know, rhymes with “Nevin Cooker”)? Would he help any team in the league that doesn’t currently employ Anthony Davis, Joel Embiid or Karl-Anthony Towns in the middle? Most assuredly. And if he could control where he wanted to go, and for how much, the process would be must-see TV. Yet, while the real-world implications would be fascinating, I’m not sure how you could eliminate the Draft without loosening the underpinnings of the entire pro basketball enterprise (and, yes, one could make a moral case for doing just that, as it does go against the whole Manifest Destiny thing to artificially bind someone to a company rather than letting them market their services to the highest bidder). If there was no Draft, why would any player with Lottery-level talent go to college? Yes, there would be the occasional Grant Hill/unicorn who wants to go to college to better themselves intellectually and/or embrace the person growth that often comes from being on your own for four years. But, while sad to say, most kids with NBA dreams go to college because that’s the path through which they can ultimately get to the pros the fastest. With no Draft, and few of the top college-age players thus needing/wanting to go to college, you’d have a very different March Madness than you have now. And as that is a multi-billion enterprise, both for the broadcast networks that air it (including Turner Sports, which runs NBA.com) and the colleges that reap the financial deluge it produces, the likelihood of across the board support for a new player acquisition model is slight. Not to mention, you’d have a much different salary structure in the NBA, as there would be no rookie slotting for drafted players. And if you think the game’s superstars would stand idly by and watch more of that cheddar that they helped produce go out the door to guys who haven’t yet done anything … you’d be wrong. So, the Draft isn’t going anywhere. Which means the NBA must decide whether it wants to continue to be shocked, shocked that tanking is going on in its league, or accept the reality that there is not much patience for being in the middle ground in a league where every team is now worth more than $1 billion. There is only, as Pat Riley said a long time ago, winning and misery. Longtime NBA reporter, columnist and Naismith Memorial Basketball Hall of Famer David Aldridge is an analyst for TNT. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsMar 6th, 2018

Poultry firm to expand canning plant in 2nd quarter

THE canning plant component of the Ana's Breeder Farms Inc. (ABFI) is targeted to expand by the second quarter of 2018 after acquisition of new canning equipment. As ABFI is a poultry company.....»»

Category: newsSource:  philippinetimesRelated NewsMar 1st, 2018

PCC approves San Miguel s P1.9-B Masinloc coal power plant acquisition

MANILA, Philippines – The Philippine Competition Commission (PCC) approved the P1.9-billion acquisition  by San Miguel Corporation (SMC) of a nearly 1,000-megawatt (MW) coal power plant from American firm AES, one of the largest deals in Philippine corporate history. In a decision released on Monday, February 26, the Mergers and Acquisitions ........»»

Category: newsSource:  rapplerRelated NewsFeb 26th, 2018

Russian bots retweeted Trump 10 times more than Hillary before 2016 election

Washington D.C. [U.S.A.], Jan. 28 (ANI): Twitter has made a startling revelation in connection with Russia's alleged involvement in 2016 United States Presidential election. The social-networking firm.....»»

Category: newsSource:  philippinetimesRelated NewsJan 28th, 2018

Iloilo City getting closer to having its first monorail

ILOILO CITY might have its own mass transport system, soon. The city’s dream of having its own train is a step closer to reality after Chinese firm BYD Auto Industry Company Limited found in its pre-feasibility study (PFS) that it is possible to construct a monorail transport system in the metro. Ritchel Gavan, Local Economic […] The post Iloilo City getting closer to having its first monorail appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJan 26th, 2018

SNAP-Magat confident Isabela plant can qualify for feed-in-tariff

By Victor V. Saulon, Sub-Editor SN ABOITIZ Power-Magat, Inc. (SNAP-Magat) has asked the Energy department to endorse its 8.5-megawatt (MW) Maris main canal hydroelectric plant in Isabela province to receive the guaranteed rate for 20 years under the feed-in-tariff (FiT) system, an official of the company’s parent firm said. Antonio M. Moraza, president and chief […] The post SNAP-Magat confident Isabela plant can qualify for feed-in-tariff appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 25th, 2018

Cybersecurity firm: US Senate in Russian hackers’ crosshairs

PARIS --- The same Russian government-aligned hackers who penetrated the Democratic Party have spent the past few months laying the groundwork for an espionage campaign against the U.S. Senate, a cybersecurity firm said in a report Friday. The revelation suggests the group often nicknamed Fancy Bear, whose hacking campaign scrambled the 2016 U.S. electoral contest, is still busy trying to gather the emails of America's political elite. "They're still very active --- in making preparations at least --- to influence public opinion again," said Feike Hacquebord, a security researcher at Trend Micro Inc. who authoered the report. "They are looking for information they might leak la...Keep on reading: Cybersecurity firm: US Senate in Russian hackers’ crosshairs.....»»

Category: newsSource:  inquirerRelated NewsJan 13th, 2018

Cybersecurity firm: US Senate in Russian hackers crosshairs

PARIS — The same Russian government-aligned hackers who penetrated the Democratic Party have spent the past few months laying the groundwork for an espionage.....»»

Category: newsSource:  philstarRelated NewsJan 13th, 2018

MEGA-DAM IS GOOD TO GO: NIA finally awards Jalaur contract to Korean bidder

THE National Irrigation Administration (NIA) has finally awarded the contract for the P11.2-billion Jalaur River Multipurpose Project II (JRMP II) to a qualified Korean bidder NIA-6 regional manager Gerardo Corsiga met with Gov. Arthur Defensor Sr. on Jan 10, 2018 to brief the latter on the project. Korean firm Daewoo bagged the contract to construct […] The post MEGA-DAM IS GOOD TO GO: NIA finally awards Jalaur contract to Korean bidder appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJan 12th, 2018

MIWD treatment plant more efficient – firm

METRO Iloilo Bulk Water Supply Corp (MIBWSC) noted an improvement in the supply of Metro Iloilo Water District (MIWD) a little over a year since it took over the water production operations. Engr. Rolex Jodieres, the general manager of MIBWSC, said that in the course of one year, the company has improved the efficiency of […] The post MIWD treatment plant more efficient – firm appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsDec 26th, 2017