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Sponsors drop Lochte after Rio scandal

Olympic swimmer Ryan Lochte lost four sponsorship deals Monday -- a major financial hit for the embattled gold medalist stemming from his spurious claim of being robbed at gunpoint in Rio, a story later discredited by Brazilian police......»»

Category: newsSource: mb.com.ph mb.com.phAug 23rd, 2016

Sponsors drop Lochte after Rio scandal

Olympic swimmer Ryan Lochte lost four sponsorship deals Monday -- a major financial hit for the embattled gold medalist stemming from his spurious claim of being robbed at gunpoint in Rio, a story later discredited by Brazilian police......»»

Category: newsSource:  mb.com.phRelated NewsAug 23rd, 2016

Sponsors drop Lochte after Rio Olympics scandal

Sponsors drop Lochte after Rio Olympics scandal.....»»

Category: newsSource:  rapplerRelated NewsAug 23rd, 2016

Speedo USA, 3 other sponsors drop Lochte after Rio incident

Less than 24 hours after the close of the Rio Olympics, Ryan Lochte took a major financial hit Monday for a drunken incident he initially tried to pass off a.....»»

Category: sportsSource:  philstarRelated NewsAug 23rd, 2016

NKorean missile frustrates SKorean Olympic preparations

By Kim Tong-Hyung, Associated Press SEOUL, South Korea (AP) — Just when South Korea thought it was finally creating a buzz for February's Winter Olympics, North Korea fired its most powerful missile yet and re-ignited safety worries about the small mountain town that will host the games not far from the rivals' anxious border. The Pyeongchang Olympics probably aren't in jeopardy because of Wednesday's launch for a number of reasons, including that the North is unlikely to attack the more powerful, U.S.-backed South. Despite its belligerent neighbor, South Korea is also one of the safest places in the world with a wealth of experience hosting international sporting events. Still, the launch, which followed a 10-week lull, was a frustrating development for Pyeongchang's organizers, who have only recently got on track after facing construction delays, controversies over cost overruns and wary sponsors. They can also do little to calm international fears created by North Korea's accelerating nuclear weapons and missile tests. Shortly after North Korea fired the Hwasong-15 into the sea Wednesday, South Korean President Moon Jae-in convened a national security meeting where he ordered government officials to closely review whether the launch could hurt South Korea's efforts to successfully host the Olympics, which begin on Feb. 9. South Korea wants more than a million spectators for the Olympics, which will be held just 80 kilometers (50 miles) from the border, and expects 30 percent of them to be foreign visitors. Organizers have struggled for months to spark enthusiasm for the games locally, where the national conversation over the past year have been dominated by a massive a massive corruption scandal that toppled and jailed the last president and North Korea's flurry of weapons tests. Sung Baikyou, an official from Pyeongchang's organizing committee, on Thursday downplayed worries that North Korea would scare away athletes and visitors to Pyeongchang. Organizers and government officials have held briefings and site inspections for Olympics officials, members and sponsors to reassure them of South Korea's security readiness. The 92 nations that have so far registered to participate in the Pyeongchang Games represent the largest ever Winter Olympics field. And after a slow start, organizers had managed to sell more than half of the available tickets by the end of November. Sung said there hasn't been any talk with the International Olympic Committee about moving or canceling the games. "It wouldn't make sense for anyone to cancel tickets to Pyeongchang because of fears about North Korea," Sung said. "There's no war; bombs aren't being dropped on Pyeongchang." Hyun Jae-gyung, an official from Gangwon province, which governs Pyeongchang and nearby Gangneung, a coastal city that will host the skating and hockey events during the Olympics, said cancelations at hotels and other accommodation facilities in the areas have been few and sporadic and unlikely linked to security concerns. But there's nothing organizers can do if North Korea raises fears even higher with more tests. North Korea has conducted 20 ballistic missile launches just this year, and the tests are becoming increasingly aggressive; some in the South fear that Washington might consider a pre-emptive strike on the North as the intercontinental ballistic missile tested Wednesday may be able to reach anywhere in the continental United States. Koh Yu-hwan, a North Korea expert at Seoul's Dongguk University and a security adviser to South Korea's presidential office, thinks it's highly unlikely that the North will do any significant weapons tests or other aggressive acts that would disrupt the Olympics. After Hwasong-15's successful flight test, delighted North Korean leader Kim Jong Un declared that the country has "realized the great historic cause of completing the state nuclear force." Many experts, including Koh, believe that this suggests the country could soon consider its nuclear program as "enough" and shift the focus to its dismal economy. It would do nothing for heavily-sanctioned Pyongyang to worsen its awful reputation by creating trouble during the Olympics, Koh said. In recent government statements, including the one announced after Wednesday's missile test, North Korea has repeatedly claimed itself as a "responsible" and "peace-loving" nation, something it has been emphasizing since the United States relisted the country as a state terror sponsor, Koh said. "Even if they do conduct a missile or nuclear test during the Olympics, the games will go on as tests don't start wars. But I think there's almost no possibility that they will," said Koh. "If anything, they might have pushed hard to get their tests done before the start of the Olympics." It would help ease worries if North Korea participates in the Pyeongchang Games. While a North Korean figure skating pair qualified for the Olympics in September, it's unclear whether the North will let them compete in the South. North Korea boycotted the 1988 Summer Olympics in South Korea's capital Seoul and has ignored the South's proposals for dialogue in recent months. Securing North Korea's commitment to attend the Pyeongchang Games will be a critical topic at the IOC's next executive board meeting in December, which will be the last one before the start of the Olympics. The IOC has already offered to pay the costs should North Korea decide to participate, and Pyeongchang officials have been talking about granting special entries for North Korean athletes in some ice sports. Kim Kyung-hyup, a lawmaker for South Korea's ruling party, said Thursday that Seoul should consider sending a special envoy to the North to persuade it to participate in the Pyeongchang Games. Other than hoping that North Korea accepts the invitation, organizers are stuck. "If there's any other solution, tell me," Sung said. "It's not like we can jump up and catch North Korean missiles with a net.".....»»

Category: sportsSource:  abscbnRelated NewsDec 1st, 2017

Tale of 2 cities: Olympics sponsors in Pyeongchang and Tokyo

em>By Youkyung Lee and Mari Yamaguchi, Associated Press /em> SEOUL, South Korea (AP) — The Winter Olympics coming to South Korea in February offer an example of the Olympian efforts often required to meet corporate sponsorship goals. Tokyo tells a different story: The coffers are already overflowing for the 2020 Summer Games. It's a tale of two cities and two Olympics — winter and summer. Pyeongchang is a little-known destination in one of South Korea's poorest provinces. It is the 'little town that could,' bidding twice unsuccessfully for the Winter Olympics before winning on its third try. A final push enabled it to reach its sponsorship target of 940 billion won ($830 million) in September, with just five months to go. Tokyo is an established global capital, and the Summer Games usually generate more excitement — and more money. Organizers have raised 300 billion yen ($2.7 billion) in sponsorship, twice any previous Olympics. International Olympic Committee Vice President John Coates describes it as a remarkable achievement. The divergent experiences of two Asian host cities illustrate the challenges that smaller bidders face, as well as South Korea's dependence on the big family-owned companies that dominate its economy. Not that Tokyo is home-free. The cost of the 2020 Games has nearly doubled from initial projections. As with most Olympics, taxpayers will have to foot a good part of the bill. ___ strong>WHERE 'CHAEBOLS' RULE /strong> Starting with the 1988 Seoul Olympics, South Korea has used mega-events such as the soccer World Cup to raise the profile of the country and its manufacturing exporters. Pyeongchang is different. The project was initiated by local politicians in an area long alienated politically and economically in South Korea's rise to prosperity. Some feared people would confuse the city's name with Pyongyang, the North Korean capital. They couldn't count on the automatic support of the huge family-run conglomerates, known as 'chaebol,' such as Samsung, Hyundai and LG. 'When such mega-events were the nation-state's key project, the chaebol were called on and were expected to become the leading participants,' said Joo Yu-min, a professor at the National University of Singapore who co-authored a book on South Korea's use of mega-events. In the end, the national government brought the conglomerates in, first in the bid process, and then for sponsorship. That underscores both the outsized role they play in the economy and their close ties with government. They owe a debt to special treatment from the government, which in turn used them to industrialize the country after the devastating 1950-53 Korean War. After Pyeongchang's bid was rejected a second time, the government called on Samsung and others to help. The president even pardoned Lee Kun-hee, the patriarch of the Samsung founding family who had been an IOC member but voluntarily suspended his membership after being indicted for tax evasion. The IOC reinstated Lee in 2010 with a reprimand and some restrictions, allowing him to lobby heavily for what became Pyeongchang's winning bid in 2011. It took three years for the organizing committee to sign its first domestic sponsor, KT Corp., the country's second-largest mobile carrier. Again, the national government asked the conglomerates for help. All the major ones signed on, after the office of then-President Park Geun-hye made a special request and multichannel pressures for financial assistance, Joo said. Elsewhere, companies may weigh sponsorship decisions based more on the marketing benefits. 'In South Korea, companies make donations out of a sense of duty that they are being part of the national event,' said Park Dong Min, the executive director overseeing membership at the Korea Chamber of Commerce and Industry. Sponsors who signed up late weren't willing to give as much, because there was less time to enjoy the marketing benefits. A bank that signed on less than a year before the Games significantly reduced its sponsorship. To top it off, a massive sports-related political corruption scandal rocked South Korea in 2016, just when Pyeongchang was making last-ditch efforts to raise sponsorship. 'Companies showed some reluctance' to sponsor the Olympics, said Eom Chanwang, director of the Pyeongchang organizing committee marketing team. 'Nevertheless, they still joined.' The scandal brought down Park, the president. Lee Jae-yong, the heir to the Samsung group, received a five-year sentence for bribery. Lee, who has appealed, had become de facto chief of the Samsung group after his father Lee Kun-hee, the IOC member pardoned in late 2009, fell ill. It was the younger Lee who signed an agreement with IOC President Thomas Bach to extend Samsung Electronics' sponsorship of the Olympics globally through 2020. Samsung declined interviews for this story. With the scandal still fresh in people's minds, major companies have held back from launching full-fledged marketing to promote the Games. 'Samsung traditionally has done consumer marketing through the Olympics, but because its chief is in jail, it cannot do as much these days,' said Kim Do-kyun, a sports professor at Kyung Hee University Graduate School of Physical Education. The Pyeongchang Games were the biggest victim of the scandal, he said. ___ strong>SUMMER OF '64 /strong> The president of Japan's biggest toilet manufacturer was seven years old when the Olympics first came to Japan. TOTO Ltd. made news in 1964 for its prefabricated toilet-and-bath units that helped speed the construction of a luxury hotel, the New Otani, in time for the Games. The company, now known for high-tech toilets that baffle some foreign visitors, is back as a sponsor of Tokyo 2020. 'I feel our company and the Olympics have been bonded by fate,' TOTO president Madoka Kitamura said at a sponsorship signing ceremony at the same hotel last year. The $2.7 billion in sponsorship for Tokyo 2020 is more than three times the original estimate. By comparison, sponsorship revenue was $848 million in Rio de Janeiro last year, and about $1.2 billion for both London 2012 and Beijing 2008. The Winter Olympics typically attract less, though Sochi, Russia, raised $1.2 billion in 2014. Analysts attribute Tokyo's success to both patriotism and a sense of nostalgia for the 1964 Summer Games. They were much more than a sports contest for Japan. They were a moment of pride, marking the country's return as an industrial power after the devastation of World War II and a seven-year U.S. occupation. 'All of Japan still recognizes the unique role that the 1964 Olympics played in Japan's stepping out onto the world stage,' said Michael Payne, a former IOC marketing director who now works as a consultant. 'Many of the CEOs of top Japanese companies would have been young kids back in '64 and are very aware of the role those Games played for the psychological recovery from the Second World War.' They grew up with the high-speed 'Shinkansen' bullet train, inaugurated in 1964; modern expressways and western-style toilets, all symbols of Japan's postwar economic growth. 'Now they have become business leaders, they want to contribute and leave something behind that can be remembered for the next 50 years,' said Masahiko Sakamaki, executive director of marketing for the Tokyo organizing committee. He said that memories of the recovery may have boosted interest in sponsorship, as Japan was still reeling from a deadly 2011 earthquake and tsunami when Tokyo won the bid in 2013. Sakamaki said the organizing committee started receiving sponsorship inquiries as soon as it was established in 2014, before the official start of sponsorship contracts in 2015. There is so much interest that the IOC is allowing Tokyo to have multiple sponsors in some categories, instead of the usual one, including in aviation, newspaper publishing, electronics and banking. TOTO officials won't say how much they are contributing, but media reports say companies in its sponsorship category give between 6 billion and 15 billion yen ($53 million to $133.5 million). Tokyo 2020 wouldn't comment on those reports. 'We believe our presence as part of an all-Japan effort toward a successful Olympics will enhance our favorable brand image,' said Mariko Shibasaki, the company's senior planner for sports communication. Thanks in part to robust sponsorship revenue, the organizing committee has increased its contribution to the cost of the games from 500 billion to 600 billion yen ($5.3 billion). The sponsorship revenue makes up half of the income in the privately-run organizing committee's operating budget. Other revenue comes from the International Olympic Committee, marketing and ticket sales. The overall cost of the Tokyo Olympics is estimated at 1.4 trillion yen (12.4 billion) with the Tokyo government shouldering 600 billion yen ($5.3 billion) and the remaining 200 billion yen (1.8 billion) paid by the national government and local governments hosting events. ___ em>Yamaguchi reported from Tokyo. Associated Press writer Stephen Wade in Rio de Janeiro contributed to this story. /em> .....»»

Category: sportsSource:  abscbnRelated NewsOct 12th, 2017

Ryan Lochte suspended 10 months after Rio scandal - reports

Ryan Lochte suspended 10 months after Rio scandal - reports.....»»

Category: newsSource:  rapplerRelated NewsSep 8th, 2016

Lochte takes full responsibility for Rio scandal

Lochte takes full responsibility for Rio scandal.....»»

Category: sportsSource:  thestandardRelated NewsAug 21st, 2016

IOC launches inquiry into Ryan Lochte mugging scandal

IOC launches inquiry into Ryan Lochte mugging scandal.....»»

Category: newsSource:  rapplerRelated NewsAug 20th, 2016

How to Get Away with Murder & Scandal crossover to finally happen

MANILA, Philippines -  What happens when political crisis fixer Olivia Pope meets defense attorney Annalise Keating?.....»»

Category: entertainmentSource:  philstarRelated News2 min. ago

Yields on central bank’s term deposits drop on strong demand for short tenor

By Melissa Luz T. Lopez, Senior Reporter SUSTAINED DEMAND for week-long term deposits drove yields even lower yesterday, although the central bank still opted to keep the month-long instruments off the market next week.  Banks wanted to place as much as P125.564 billion under the term deposit facility (TDF) on Wednesday, more than triple the […] The post Yields on central bank’s term deposits drop on strong demand for short tenor appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News2 hr. 1 min. ago

Pope in Chile expresses pain and shame over abuse scandal

SANTIAGO, Chile – Pope Francis on Tuesday, January 16, expressed his "pain" and "shame" over child sexual abuse scandals that have rocked the church in Chile, as he made his first speech during a visit to the South American country. "I cannot begin to express the pain and shame that I ........»»

Category: newsSource:  rapplerRelated NewsJan 16th, 2018

Pope Francis under pressure to confront sex abuse in Chile

SANTIAGO, Chile — Pope Francis will be under pressure Tuesday to confront a priest sex abuse scandal during his first full day in Chile, an Andean nation whe.....»»

Category: newsSource:  philstarRelated NewsJan 16th, 2018

NCAA volleyball: Lady Chiefs drop a set, but improve to 4-0

Defending champion Arellano University got an unexpected but much-needed wakeup call in the second set but still fended off Jose Rizal University, 25-11, 22-25, 25-18, 25-16, in the NCAA Season 93 women's volleyball tournament Tuesday at Filoil Flying V Centre in San Juan. Regine Arocha fired 20 points, including a kill that ended a long rally and snuffed out JRU's hopes of a comeback with Arellano extending its lead to seven, 21-14. Lady Chiefs coach Obet Javier said he was happy with the win but didn't like that his team played inconsistently that cost itself a set. "I'm glad we won but at the same time, it's sad that the players relaxed after dominating the first set," Ja...Keep on reading: NCAA volleyball: Lady Chiefs drop a set, but improve to 4-0.....»»

Category: newsSource:  inquirerRelated NewsJan 16th, 2018

Volkswagen posts record global car sales in 2017

Volkswagen said Sunday that its namesake brand sold more vehicles worldwide in 2017 than ever before, a sign it is recovering from a bruising emissions-cheating scandal three years ago. #BeFullyInformed Volkswagen posts record global car sales in 2017 Detroit – Volkswagen said Sunday that its namesake brand sold more vehicles worldwide in 2017 than ever… link: Volkswagen posts record global car sales in 2017.....»»

Category: newsSource:  manilainformerRelated NewsJan 15th, 2018

Could writing your ‘to-do’ list before bedtime help you get more sleep?

The findings from a new United States study suggest that writing a "to-do" list before bedtime could be one way to help those struggling to sleep drop off more quickly. Led by Michael K. Scullin at Baylor University, the new research examines anecdotal evidence which suggests that writing a list before bed can be helpful as it "offloads" any worries about unfinished tasks which could delay sleep. Scullin and the team recruited 57 university students for the study and asked them to spend one weeknight sleeping in a controlled environment at Baylor's Sleep Neuroscience and Cognition Laboratory. The researchers divided participants into two randomly selected groups and gave eac...Keep on reading: Could writing your ‘to-do’ list before bedtime help you get more sleep?.....»»

Category: newsSource:  inquirerRelated NewsJan 15th, 2018

SSS posts 52.37% drop in net income from Jan-Nov 2017

MANILA, Philippines — State-run Social Security System (SSS) recorded a 52.37-percent decrease in net income in the first 11 months of 2017 due to an increas.....»»

Category: financeSource:  philstarRelated NewsJan 14th, 2018

Celebrate New Beginnings with the OPPO F5 Youth Now at Php12,990

OPPO Philippines kicks off 2018 with a price drop announcement of the OPPO F5 Youth. Now priced at Php12,990, everyone can experience the innovative A.I. Beauty Technology for natural selfies with 6” Full screen display for an immersive visual experience. “Our OPPO F5 Series is known for its strong value proposition, especially its admirable selfie […].....»»

Category: newsSource:  metrocebuRelated NewsJan 13th, 2018

Has flu season, in full swing, reached its height?

NEW YORK --- Flu is now widespread in every state except Hawaii, but the good news is the season appears to already be peaking. It's been a rough few weeks: Hospitals have set up tents to handle patient overflow. Doctors are putting in double and triple shifts. Ambulances have been sidelined while paramedics waited to drop off patients. "This morning, I couldn't stand up. I was really weak," said Margaret Shafer, who went to a Seattle emergency room this week after a bout with the flu was followed by pneumonia. But an update out Friday from the Centers for Disease Control and Prevention shows patient traffic for flu is no longer skyrocketing the way it was in December. "I...Keep on reading: Has flu season, in full swing, reached its height?.....»»

Category: newsSource:  inquirerRelated NewsJan 13th, 2018

Olympic swimmer Ryan Lochte marries mother of his infant son

GAINESVILLE, Fla. --- Olympic swimmer Ryan Lochte has wed the mother of his 7-month-old son. Lochte and former Playboy model Kayla Rae Reid were married by a judge Tuesday in Gainesville, Florida, where Lochte attended college. Their son, Caiden, was born last June. According to the marriage license obtained by TMZ Sports, Lochte's father, Steven, was a witness. Lochte, a 12-time Olympic medalist, and Reid appear to be holding off on a honeymoon. He is scheduled to be in Austin, Texas, on Saturday to sign autographs at a swim meet, while Reid tweeted Thursday that she was on her way back to their California home with Caiden. The couple got engaged in October 2016, not long after L...Keep on reading: Olympic swimmer Ryan Lochte marries mother of his infant son.....»»

Category: newsSource:  inquirerRelated NewsJan 13th, 2018

White House hails dip in Chinese trade with North Korea

The White House on Friday welcomed news of a drop in Chinese trade with North Korea, saying it would help put pressure on the Pyongyang regime......»»

Category: newsSource:  philstarRelated NewsJan 12th, 2018