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Trade deficit shrinks in July

MANILA, Philippines — The country’s trade deficit fell 30.37 percent in July as the double-digit growth in exports offset the decrease in imports, the Philip.....»»

Category: financeSource: philstar philstarSep 13th, 2017

Lakers rally from 19-point deficit to beat Bulls 103-94

By Greg Beacham, Associated Press LOS ANGELES (AP) — Kyle Kuzma had 22 points, Kentavious Caldwell-Pope scored 11 of his 21 in the fourth quarter and the Los Angeles Lakers rallied from a 19-point deficit in the second half for a 103-94 victory over the Chicago Bulls on Tuesday night (Wednesday, PHL time). Brandon Ingram had 17 points, five rebounds and five assists as the Lakers won consecutive games for the second time this season. Los Angeles had a miserable first half and trailed 61-42 early in the second, but put together a 38-19 run. Caldwell-Pope's layup with 3:08 to play gave the Lakers their first lead since the first quarter. Caldwell-Pope added back-to-back three-pointers to get the LA crowd on its feet. After Ingram made a difficult layup with 1:16 left, Caldwell-Pope alertly kept a loose ball alive after Lonzo Ball missed a three-pointer, allowing the Lakers to seal their first win over the Bulls at Staples Center in three tries. Denzel Valentine scored 17 points and Antonio Blakeney added 15 — all in the first half — for the Bulls, who dropped to 3-12 with their seventh loss in eight games. Kris Dunn had 12 points and six assists in his second start of the season for Chicago. Ball had eight points, 13 rebounds and four assists. After posting his second career triple-double Sunday (Monday, PHL time) against Denver, the touted rookie missed seven of his first eight shots against Chicago, but provided strong playmaking down the stretch. The NBA's worst shooting team hit seven triples in the first half while taking an 18-point lead over the step-slow Lakers. Blakeney was a rookie surprise, hitting a career-high six shots in the opening minutes while the Bulls surged well ahead. Los Angeles committed 13 first-half turnovers, played poor defense and would have been buried without Kuzma's gritty scoring. TIP-INS Bulls: Fred Hoiberg promoted Dunn to the starting lineup in place of Jerian Grant, and the coach expects it to be a long-term move. Dunn has been a steady force off Chicago's bench, and Hoiberg expects Grant to take a similar role with the reserves going forward. ... David Nwaba missed the game with a sprained ankle. The LA native became a steady bench contributor for the Lakers last season, but Chicago snatched him off waivers in July while the Lakers shuffled their roster. Lakers: Los Angeles visits Chicago on Jan. 26 (Jan. 27, PHL time). ... F Larry Nance Jr. could be back with the team as early as next week. He had surgery on his broken left hand only three weeks ago, but has healed quicker than expected. TWINS Brook Lopez had four points on 2-for-10 shooting and nine rebounds for the Lakers against his twin brother, Robin, who had 14 points and three rebounds for the Bulls. The twins grew up in North Hollywood rooting for the Lakers, who acquired Brook Lopez in a trade with Brooklyn last summer. UP NEXT Bulls: At the Utah Jazz on Wednesday night (Thursday, PHL time). Lakers: At the Sacramento Kings on Wednesday night (Thursday, PHL time)......»»

Category: sportsSource:  abscbnRelated NewsNov 22nd, 2017

Trade deficit narrows in July amid rise in exports–PSA

Trade deficit narrows in July amid rise in exports–PSA.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 12th, 2017

Current account surplus shrinks in Q2 amid exports slump

THE country’s current account surplus shrank in the second quarter due to a slump in exports, with a central bank official noting that slashing the full-year forecast may be considered if the trade deficit persists......»»

Category: newsSource:  bworldonlineRelated NewsSep 16th, 2016

PH trade deficit widens yr-on-yr to $2.053B in July

The Philippines' trade deficit widened sharply in July from a year earlier, with both exports and imports posting declines, government data showed on Friday. &'8220;The balance of trade in goods (BOT-G) for the Philippines in July 2016 registered a defici.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 9th, 2016

U.S.-China trade war called off, for now

WASHINGTON--- Treasury Secretary Steven Mnuchin said Sunday that the United States and China are stepping back from a possible trade war after two days of talks that produced "meaningful progress." Despite not getting China to agree to trim its overall trade surplus with America by a specific amount, Mnuchin said the U.S. team did get a number of commitments on a framework for reducing the deficit over time, including big increases in purchases of farm products and a doubling of purchases of U.S. energy products. "We are putting the trade war on hold," Mnuchin said on "Fox News Sunday." Because of the progress made in negotiations, Mnuchin said the Trump administration has a...Keep on reading: U.S.-China trade war called off, for now.....»»

Category: newsSource:  inquirerRelated NewsMay 22nd, 2018

Labor group looks forward to passage of Sotto’s 14th month pay bill

A labor group on Monday said it was looking forward to the immediate passage of Senator Vicente "Tito" Sotto III's bill seeking a 14th month pay for private sector workers now that he is Senate President. Alan Tanjusay, spokesperson of the Associated Labor Unions - Trade Union Congress of the Philippines (ALU-TUCP), said they were now hoping for the immediate passage of the bill. Senate Bill No. 2, authored by Sotto, states that non-government rank and file employees should be entitled to a 14th month pay aside from the regular 13th month pay they receive every year. The legislation was filed by Sotto in July 2016 when he was Senate Majority Leader. READ:Sotto bill seeks 14th...Keep on reading: Labor group looks forward to passage of Sotto’s 14th month pay bill.....»»

Category: newsSource:  inquirerRelated NewsMay 21st, 2018

Philippines posts higher dollar outflows in April

The amount of dollars that flowed out of the economy further swelled in April, putting the four-month tally above the government's full-year deficit ceiling on the back of ballooning trade gap......»»

Category: financeSource:  philstarRelated NewsMay 18th, 2018

Comment on Economic growth picks up in Q1 — poll by Analysts’ Q1 GDP growth estimates-Times of News Philippines

[…] ECONOMISTS expect economic growth to pick up pace in the first quarter on the back of higher household and consumer spending that would largely offset the effects of inflation and the wider trade deficit. Read the full story. […].....»»

Category: newsSource:  bworldonlineRelated NewsMay 16th, 2018

Comment on Economic growth picks up in Q1 — poll by Analysts’ Q1 GDP growth estimates

[…] ECONOMISTS expect economic growth to pick up pace in the first quarter on the back of higher household and consumer spending that would largely offset the effects of inflation and the wider trade deficit. Read the full story. […].....»»

Category: newsSource:  bworldonlineRelated NewsMay 16th, 2018

Long-awaited matchup arrives for Rockets, Warriors

By Sekou Smith, NBA.com James Harden and the Rockets must get past the Warriors to reach their first Finals since 1995. Finally, it’s here. The series the NBA world has been waiting for from the moment Chris Paul requested a trade last summer that sent him to the Houston Rockets to join forces with James Harden has arrived. It's the Rockets vs. the four-time Western Conference and two-time NBA champion Golden State Warriors for West supremacy. The Rockets had a feeling they could see this journey through to this point, even when the teams met on opening night at Oracle Arena. Houston was built to beat the champs, and did it twice in their three regular season encounters. Rockets center Clint Capela voiced his opinions on the matchup after a January win, saying his team was superior to the champs. And he’s just as eager for this match up, in which the Rockets hold home-court advantage. “I’m real excited,” Capela said. “This [Warriors] team is going to be hard, it’s going to be a fight. There’s going to be a lot of adjustments after every game. It’s going to be a chess game. Of course, we’re going to be ready. They’ve been to The Finals three straight years. So we’re just excited. Everybody's excited about it. I’m sure all the NBA fans are excited about it, too.” The Warriors are fired up, too, and have heard all the chirping. “Now you’ve got to play the game,” All-Star forward Draymond Green said. “You wanted us, now you’ve got us.” The Warriors are attempting to conquer the West for a fourth straight season, but this will be their first West finals without home-court advantage. Doing it against a team specifically designed to take them down just adds to a battle wrought with connections. Harden, Paul, Green, Stephen Curry, Kevin Durant and Klay Thompson all won gold medals together, be it on the Olympic or World Cup of Basketball stage. Harden and Durant were teammates on the Oklahoma City Thunder team that lost The Finals in 2012. Paul’s LA Clippers squad in 2014 was the last West foe to knock the Warriors out of the playoffs before The Finals. And the Rockets were the team the Warriors beat in the 2015 West finals to jump-start their would-be dynasty. Rockets coach Mike D’Antoni pioneered the style the Warriors have used to dominate the league while he was coaching in Phoenix, where Warriors coach Steve Kerr was the Suns GM. The three-pointers will fly from all directions. Both teams are capable of defending at a championship level. The personnel on both sides is ideally matched. Perhaps best of all, though, is that both teams are healthy and without any ready-made excuses overshadowing this showdown. It’s best on best, a test of collective wills between the “cream of the Western Conference crop,” as Curry declared after the Warriors and Rockets each won their West semifinal series just hours apart on May 8 (May 9, PHL time). The NBA world has been waiting on this heavyweight showdown. Now, it’s finally here. 3 quick questions and answers 1. Who flinches first, Kerr with his “Hamptons Five” lineup or D’Antoni with his Harden-Paul-Capela trio? Against every other team in the league, the Warriors’ small-ball unit of Durant, Thompson, Curry, Green and Andre Iguodala has a clear advantage. No one else has three shooters like Durant, Curry and Thompson playing alongside the versatile Green and Iguodala. The Rockets come close with Harden, Paul and Capela alongside defensive specialists and three-point marksmen Trevor Ariza and P.J. Tucker. It’ll be a fascinating study in styles watching them matchup against each other. But advantage Warriors ... until we see someone crack the code against the "Hamptons Five." 2. What’s more valuable -- Houston's home-court advantage or Golden State's experience? Home-court advantage is always preferred. The Warriors know that. It’s been good to them in each of the past three seasons grinding through the West playoffs to The Finals. But it’s not infallible (as the Cleveland Cavaliers taught us, rallying from a 3-1 Finals deficit to take Game 7 at Oracle Arena). Which is exactly why the Rockets need to have the threat level turned all the way up for Games 1 and 2. Lose either one of the first two games at Toyota Center and the Warriors will pounce in this series. 3. Who is the biggest wild card for each team? And, are they capable of swinging this series? It’s Eric Gordon for the Rockets and whichever big man (JaVale McGee, Zaza Pachulia, Kevon Looney or perhaps Jordan Bell) that Kerr taps for service for the Warriors. Gordon has to shoot more consistently than he has thus far in the playoffs (34.2 percent overall, 31.4 percent on three-pointers) if the Rockets hope to match the Warriors basket for basket. The Warriors have a big man for basically every season, it’s just a matter of which one will fare best against a much-improved Capela. He has outplayed two more heralded bigs (All-Star Karl-Anthony Towns and the Jazz's Rudy Gobert) in each of the Rockets’ series to date. Overall, though, there's too much star power in this series for any role player to swing the momentum for more than a few minutes. The number to know 100.7 --The two best offensive teams in the regular season have been the two best defensive teams in the playoffs, combining to allow just 100.7 points per 100 possessions on their way to the conference finals. In the first round, the Rockets and Warriors held the Minnesota Timberwolves and San Antonio Spurs to 5.6 and 5.2 fewer points per 100 possessions than they scored in the regular season, respectively. And in the conference semifinals, they held the Utah Jazz and New Orleans Pelicans to 7.0 and 16.2 fewer points per 100 possessions than they scored in the first round, respectively. The Rockets' starting lineup has allowed just 92 points per 100 possessions in its 153 minutes, having forced more than 21 turnovers per 100 (the best mark among lineups that have played at least 75 minutes). The Warriors' "Hamptons Five" lineup, meanwhile, has allowed less than 87 points per 100 possessions in its 54 minutes, and the champs have allowed just 94 points per 100 possessions in 250 total minutes with Draymond Green and Andre Iguodala on the floor together. These teams aren't just here because of how potent their offenses are, and the team that advances to The Finals will be the one that continues to defend at a high level. -- John Schuhmann Making the pick The Rockets made it their mission to put together a group to avenge their 2015 and 2016 playoff failures, with the Warriors serving as their primary target. They’ve got home-court advantage, an inspired Paul and what appears to be all of the requisite parts needed to interrupt the Warriors’ dynasty plans. But do they have the nerve to snatch it all from Golden State, which took a measured approach to 2017-18 and has seemingly flipped the proverbial with another championship run on the line? Experience over ambition this time. Warriors in 6. Sekou Smith is a veteran NBA reporter and NBA TV analyst. 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 NewsMay 11th, 2018

Philippine GDP grows by 6.8% in Q1 2018

MANILA, Philippines – Strong consumer spending and household consumption drove the Philippine economy to grow by 6.8% in the 1st quarter of the year, despite a slower agricultural output, higher inflation, and wider trade deficit. National Statistician Lisa Grace Bersales announced on Thursday, May 10, that the gross domestic product (GDP) ........»»

Category: newsSource:  rapplerRelated NewsMay 10th, 2018

Trade deficit widens to $2.61 billion in March 2018

The country’s trade deficit widened by 24 percent to $2.61 billion in March as imports continued to outgrow exports for the fifth straight month, the Philippine Statistics Authority reported yesterday......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2018

Trade deficit widens to $2.61 billion in March 2018 - Philippine Star

Trade deficit widens to $2.61 billion in March 2018 - Philippine Star.....»»

Category: newsSource:  googlenewsRelated NewsMay 9th, 2018

Philippine Trade Deficit Widens In March

Philippine foreign trade deficit increased in March from a year ago, as exports fell and imports rose, preliminary figures from the Philippine Statistical Authority showed Wednesday.The trade gap w.....»»

Category: newsSource:  manilanewsRelated NewsMay 9th, 2018

Peso tracks weakness of other currencies’ vs dollar

The peso slipped on Wednesday, May 9, retreating to the P52 level, as the dollar strengthened across a band of currencies and amid the country’s wider trade deficit. The local currency closed the session at P52.015, 16.5 centavos weaker than the P51.85-per-greenback finish on Tuesday. The peso traded weaker the whole day, opening the peso […] The post Peso tracks weakness of other currencies’ vs dollar appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 9th, 2018

Trade gap widens in March on lower exports

THE country’s trade deficit widened in March from a year earlier as exports declined, but the gap was narrower compared to February in 2018, the Philippine Statistics Authority (PSA) reported on Wednesday. Inbound shipments marginally increased by 0.1 percent year-on-year to $8.118 billion while exports declined by 8.2 percent to $5.51 billion, PSA data showed. The [...] The post Trade gap widens in March on lower exports appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 9th, 2018

Trade gap persists in March to reach $2.61 billion

The Philippines’ trade deficit persisted last month on the back of marginal increase in imports and weaker exports, the government reported on Wednesday......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2018

Exports down, imports flat in March – PSA

The Philippines’ trade deficit once again widened in March as exports slumped while imports barely grew, the government reported this morning. Preliminary data from the Philippine Statistics Authority (PSA) showed that export receipts dropped by 8.2% annually in March to $5.510 billion compared to the revised $4.871 billion in February and $6.003 billion in March […] The post Exports down, imports flat in March – PSA appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 9th, 2018

Economic growth picks up in Q1 — poll

By Carmina Angelica V. Olano ECONOMISTS expect economic growth to pick up pace in the first quarter on the back of higher household and consumer spending that would largely offset the effects of inflation and the wider trade deficit. A BusinessWorld poll of 10 economists yielded a 6.8% median estimate of gross domestic product (GDP) […] The post Economic growth picks up in Q1 — poll appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 7th, 2018

Nighty-night Dark Knight: Mets to cut ties with Harvey

NEW YORK (AP) — The New York Mets said nighty-night to the Dark Knight. Matt Harvey, once regarded as a premier pitcher who could have joined Tom Seaver and Dwight Gooden among the Mets’ greats, refused a minor league assignment and will be designated for assignment Saturday. The 29-year-old right-hander lost his spot in the rotation last month after four starts, and he had a 10.50 ERA in four relief appearances. “It’s the end of an era,” Mets general manager Sandy Alderson said before Friday night’s game against Colorado. “And I used that term in broad senses. Matt has been a cornerstone certainly of my tenure here, a tremendous prospect at the time I arrived, tremendous accomplishments during the course of my tenure here. And it’s a very unfortunate, difficult conclusion.” New York had hoped Harvey would be willing to work at the team’s minor league complex in Florida in an effort to regain form. Harvey refused. “We feel Matt is a starter (and) needs to work on 4 pitches,” his agent, Scott Boras said in a text message. “In the bullpen a pitcher tends to focus on 2 pitches to get back to the rotation.” After Harvey is designated, the Mets have seven days to trade him or release him. Because of Harvey’s $5,625,000 salary, a trade may be difficult to work out unless the Mets agree to send cash as part of a deal. If Harvey is released, a team signing him would owe just a prorated share of the $545,000 minimum. “Very pleased he is healthy and with more than needed MLB (velocity),” Boras wrote. “We have a lot of clay to work with to build the starter sculpture.” Harvey is 0-2 with a 7.00 ERA in four starts and four relief appearances, leaving him with a 34-37 record and 3.66 ERA in six major league seasons. “We’ve tried to find some other solution over a fairly long period of time,” said Alderson, who was hired by the Mets in October 2010. “This was a long time coming. This is not someone who hasn’t pitched well recently. So I mean this is something we’ve tried to address, we’ve struggled with, we’ve wrestled with over two managerial regimes.” Harvey’s Mets finale was in an 11-0 loss to Atlanta on Thursday. He relieved Jason Vargas with New York trailing 6-0 in the fifth inning and gave up Ozzie Albies’ three-run homer in a five-run seventh. Booed as he walked off the mound, Harvey took a seat in the dugout and stared at Citi Field. “The move to the bullpen was dramatic in itself,” Alderson said. “So I think that at this point, pragmatism, realism far outweighed other considerations.” Harvey would have been eligible for free agency after this season. As a player with five years of major league service, he cannot be assigned to the minor leagues without his consent. “We feel like we failed Matt Harvey,” manager Mickey Callaway said. “Our job is to help every player in there, and it’s not a good feeling when you can’t.” Selected by the Mets with the seventh overall pick in the 2010 amateur draft, Harvey made his big league debut in July 2012 and became a major sports figure in New York — both at the ballpark and at Manhattan night spots. He was nicknamed the Dark Knight of Gotham after Sports Illustrated called him that in a cover story in May 2013. He started the All-Star Game at Citi Field that July and was 9-5 with a 2.27 ERA when he tore an elbow ligament during a game against Detroit on Aug. 24. That led to Tommy John surgery on Oct. 22. Harvey returned in 2015 and went 13-8 with a 2.27 ERA as the Mets reached the World Series for the first time since 2000. But he slumped to a 4-10 record with a 4.86 ERA the following year and had season-ending surgery on July 18, 2016, to correct thoracic outlet syndrome. He was 6-13 with a 6.70 ERA last season, when he was sidelined from mid-June until September because of a stress injury to the scapula bone in his right shoulder. He was suspended for three days without pay in May for skipping a game following a late night on the town. The New York Post reported this week that Harvey was out partying in Los Angeles the night before pitching in San Diego last weekend. “Usually I get upset if a report is unexpected,” Alderson said this week. “So I guess the short answer is no.”.....»»

Category: sportsSource:  abscbnRelated NewsMay 5th, 2018