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Singapore, US seize assets of tainted Malaysian fund

SINGAPORE: The Singaporean government said Thursday it had seized nearly $180 million linked to scandal-tainted Malaysian state fund 1MDB, raising the pressure a day after Washington moved to grab more than $1 billion in assets over enormous fraud. .....»»

Category: newsSource:  manilatimes_netRelated NewsJul 21st, 2016

NBA: Warriors avenge loss to Rockets

The Golden State Warriors took their revenge against the Houston Rockets on Friday, overwhelming on both ends of the court with a 125-108 victory at the Toyota Center arena......»»

Category: newsSource:  tempoRelated NewsJan 21st, 2017

Apple files $1-B lawsuit vs chip supplier Qualcomm

SAN FRANCISCO – Apple is suing mobile chip maker Qualcomm for $1 billion in a patent fight pitting the iPhone maker against one of its major suppliers......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2017

Alvarez: P2.8-billion MRT-LRT common station too expensive

Alvarez: P2.8-billion MRT-LRT common station too expensive.....»»

Category: newsSource:  rapplerRelated NewsJan 20th, 2017

Cebu Province Collects PhP3.09 Billion in Revenues in 2016

Cebu Province Collects PhP3.09 Billion in Revenues in 2016.....»»

Category: newsSource:  metrocebuRelated NewsJan 19th, 2017

House to review agreement

Parties to the memorandum of agreement for the P2.8-billion mass transit common terminal will have to show Congress how the riding public and the country will gain from the deal that will also benefit the two biggest Quezon City shopping malls that have competed intensely for the control of the commercial windfall of the infrastructure......»»

Category: newsSource:  tempoRelated NewsJan 19th, 2017

SSS looks to invest more abroad

MANILA, Philippines - The Social Security System (SSS) is on the lookout for investment opportunities abroad to park up to P36 billion of its Investment Rese.....»»

Category: financeSource:  philstarRelated NewsJan 19th, 2017

Gov’t raises $2 B in 1st bond sale

MANILA, Philippines - The Philippines successfully sold $2 billion in 25-year global bonds at a rate of 3.7 percent, marking the first fund-raising activity.....»»

Category: financeSource:  philstarRelated NewsJan 19th, 2017

BOP deficit narrows in Dec

MANILA, Philippines - The country’s balance of payments (BOP) deficit narrowed to $214 million in December from the $1.67-billion deficit in November, latest.....»»

Category: financeSource:  philstarRelated NewsJan 19th, 2017

Corporate News: Ayala looking to retain capital spending budget

AYALA Corp. is looking at a capital expenditure program of around P170 billion, as it expands further in the power, infrastructure, industrial, health care and education sectors......»»

Category: financeSource:  bworldonlineRelated NewsJan 19th, 2017

Metro Pacific to spend around P60 billion in 2017

Metro Pacific to spend around P60 billion in 2017.....»»

Category: newsSource:  rapplerRelated NewsJan 19th, 2017

Worse than divorce

IN 2015 “the richest 62 people on the planet owned as much wealth as the bottom half of the population” (3.6 billion). One year later, eight men – including Bill Gates, Mark Zuckerberg, Michael Bloomberg – shoved 54 others out of the Forbes list. What happened to the 54? How could they have lost so much to just eight guys?.....»»

Category: newsSource:  tempoRelated NewsJan 18th, 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

Gov’t needs P366 B yearly for infra funding

MANILA, Philippines - The Duterte administration needs to raise some P366 billion a year to fund its infrastructure and social protection programs, finance o.....»»

Category: financeSource:  philstarRelated NewsJan 18th, 2017

Local McDonald’s chain spending P3.5 B for expansion

MANILA, Philippines - Golden Arches Development Corp., the local franchise holder of global fast food giant McDonald’s, is spending P3.5 billion this year fo.....»»

Category: financeSource:  philstarRelated NewsJan 18th, 2017

P5-billion incentives given to ‘performing’ LGUs

P5-billion incentives given to ‘performing’ LGUs.....»»

Category: newsSource:  manilatimes_netRelated NewsJan 18th, 2017

PH launches $2-b global bond sale

The Philippines on Wednesday launched a $2-billion global bond sale to help finance the government’s 2017 budget and repay foreign debt......»»

Category: financeSource:  thestandardRelated NewsJan 18th, 2017

Capitol surpasses 2016 income target; sets P3.1 billion target this year

Capitol surpasses 2016 income target; sets P3.1 billion target this year.....»»

Category: newsSource:  inquirerRelated NewsJan 18th, 2017

Packers-Falcons NFC matchup expected to produce big offense

CHARLES ODUM, AP Sports Writer br /> FLOWERY BRANCH, Georgia (AP) — The high-scoring offenses of the Atlanta Falcons and Green Bay Packers appear poised to provide a memorable send-off for the Georgia Dome in Sunday's NFC championship game. The Falcons led the NFL in scoring. Even so, they know it won't be easy to keep up with the scoring pace set by quarterback Aaron Rodgers and the Packers. 'It's obvious they've got a stud at quarterback,' Falcons left tackle Jake Matthews said Tuesday. 'We've played a lot of great teams with great players at quarterback... Whatever it takes, we just have to put up as many points as we need to.' Matthews said the weekly message from offensive coordinator Kyle Shanahan is 'I don't know if we're going to have to win 6-3 or 40-37.' Of those alternatives, 40-37 appears to be the more likely target, in part because the Atlanta and Green Bay defenses don't dominate the statistics like their offensive counterparts. The game will be the Falcons' farewell to the Georgia Dome, which will be demolished in the offseason. The Falcons will move into the $1.5 billion Mercedes-Benz Stadium next season. The Falcons and Packers finished the regular season ranked 28th and 31st, respectively, in pass defense. The Falcons allowed 25.4 points per game to rank 27th, only a few spots below the Packers (24.2) at 21st. Atlanta led the NFL with 33.8 points per game. Green Bay linebacker Nick Perry said the goal will be to prevent big plays. 'They are very explosive,' Perry said. 'When we look at the film, we have to make sure we don't give up those explosive plays. Everything lives off that. They are good at what they do. We are going to look at the film and go over it and make sure we prevent as much as we can of those guys giving up explosive plays.' The Falcons advanced with a 36-20 divisional playoff win over Seattle last week. Green Bay's offense also rolled in a 34-31 win over Dallas. Despite the unimpressive season totals, Atlanta allowed fewer than 20 points in four of its last six regular-season games. But none of those games were against Rodgers. The Falcons have faced Russell Wilson, Cam Newton and Drew Brees in their past three games. Asked who compares with Rodgers, Falcons linebacker De'Vondre Campbell had a quick answer. 'Nobody. It's just that simple,' Campbell said. 'The things that he can do, it's just amazing to see. There's no one I can compare him to.' The Falcons are led by MVP candidate Matt Ryan, the All-Pro who ranked second in the NFL in yards passing and TD passes. Atlanta's offense featured depth, as Ryan threw scoring passes to a record 13 players during the season, and balance with running back Devonta Freeman and Tevin Coleman. Atlanta's offense provides nice support for its defense, but cornerback Jalen Collins insisted Tuesday he doesn't want to have to rely on that strength. 'You don't go in the game thinking you're going to give up hundreds of yards and a bunch of points,' Collins said. 'We're looking forward to trying to limit the points as best we can and give our offense an opportunity to put points on the board.' Falcons cornerback Robert Alford said expectations for a high-scoring game gives the defense reason 'to have a chip on our shoulders.' Added Alford: 'We're all going to have something to prove. I love it.' .....»»

Category: sportsSource:  abscbnRelated NewsJan 18th, 2017

$2 billion in aid sought for hardest-hit in Yemen civil war

AMMAN — About $2 billion in urgent aid is needed this year to alleviate the suffering of the most vulnerable victims of Yemen's civil war, or about 10 millio.....»»

Category: newsSource:  philstarRelated NewsJan 17th, 2017