Advertisements


Trade dep’t says export of goods on track even as growth falls short of DBCC goal

THE COUNTRY should be able to hit the Trade department’s merchandise export target in 2018, officials of the Department of Trade and Industry (DTI) said on Friday, even though growth will be in low single-digit rate and will lag behind last year’s pace......»»

Category: financeSource: bworldonline bworldonlineDec 7th, 2018

Trade dep’t says export of goods on track even as growth falls short of DBCC goal

THE COUNTRY should be able to hit the Trade department’s merchandise export target in 2018, officials of the Department of Trade and Industry (DTI) said on Friday, even though growth will be in low single-digit rate and will lag behind last year’s pace......»»

Category: financeSource:  bworldonlineRelated NewsDec 7th, 2018

2018 GDP growth falls short of goal

  High food prices and the "failure" of the agriculture sector to post faster expansion slowed economic growth last year, the country's chief economist said.   The Philippine Statistics Authority said the 2018 gross domestic product grew 6.1 percent year-on-year in the fourth quarter of 2018, bringing the full-year average to 6.2 percent, short of the government's downgraded 6.5-6.9 percent target range.   Last year's GDP growth was the slowest in three years, or since the 6.1 percent posted in 2015.   In a press conference, National Statistician Lisa Grace S. Bersales said that among three major industries, the biggest contributor to GDP grow...Keep on reading: 2018 GDP growth falls short of goal.....»»

Category: newsSource:  inquirerRelated NewsJan 24th, 2019

Trade gap widens in July amid flat export growth

By Carmina Angelica Valeroso-Olano, Researcher The country’s trade deficit continues to grow in July as imports continued its accelerated growth pace while export growth was flat. Exports grew by 0.3% to $5.85 billion in July, slower than the 2.8% growth in June and 21.9% in July 2017. The country’s balance of trade in goods expanded to […] The post Trade gap widens in July amid flat export growth appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 11th, 2018

Sustained export surge seen

The Department of Trade and Industry is bullish that the country’s export performance will surpass, if not maintain its growth in 2018. Trade Secretary Ramon Lopez told reporters the increase in investments on manufacturing for exports of goods and services, growing factory capacity, and improving environment of the global market….....»»

Category: newsSource:  journalRelated NewsDec 28th, 2017

October trade gap biggest on record as imports outpace exports in growth

By Ranier Olson R. Reusora Researcher FOREIGN SALES of Philippine goods grew for the 11th straight month last October, but the double-digit increase in merchandise imports drove the monthly trade gap to its biggest on record, the government reported yesterday. Preliminary data which the Philippine Statistics Authority (PSA) released on Tuesday showed export sales growing […] The post October trade gap biggest on record as imports outpace exports in growth appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 12th, 2017

6.5-7.5% export growth targeted

Exports of goods and services could grow by 6.5 to 7.5 percent this year, a Trade department official said on Friday, with revenues expected to hit $79.7 billion to as much as $80.4 billion. “There is a recovery in global demand, which is already happening now. Actually the strength of the US dollar versus the [...] The post 6.5-7.5% export growth targeted appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 20th, 2017

PHL EXPORTS YIELD GROWTH IN DECEMBER 2016

The Department of Trade and Industry sees sustained growth for exports in 2017 as Philippine exported goods yielded a 4.5% growth in December 2016 with a total of $4.71 billion in export revenues from $4.660 billion in the same period in 2015. &'8220;As we implement new strategies in diversifying our markets and upscaling our products [&'].....»»

Category: newsSource:  boholnewsdailyRelated NewsFeb 16th, 2017

Jordan s weight reaches farther than court in NC

By Steve Aschburner, NBA.com CHARLOTTE -- Unlike Mark Cuban and James Dolan, the host of the 2019 NBA All-Star Game was voted in 14 times to participate and played in 13. Quite different from Micky Arison and Glen Taylor, the team owner whose arena and city will be the center of All-Star 2019 averaged 20.2 points in those 13 All-Star appearances, was named MVP three times and posted the first triple-double in the game’s history (1997). And not at all like Steve Ballmer and Joe Lacob, the guy most often credited with making Charlotte All-Star worthy this weekend ignited the annual Slam Dunk Contest with his takeoff from the foul line in 1988. He also regularly irritated former NBA commissioner David Stern into a series of fines for golfing when he should have been sitting through mandatory Friday media sessions. With a level of celebrity as arguably the game’s greatest player ever, morphed now into an off-radar role as owner of the Charlotte Hornets, Michael Jordan remains as famous, as popular and as successful as any or all the active All-Star participants who’ll cavort at the Spectrum Center in the city’s Uptown business district. Ain’t no other NBA owner who can say that. “You think about all these wealthy, successful owners in our league,” said Hornets president Fred Whitfield, “no one knew who any of them were, really, until they bought their team. Everybody in the world knew who Michael Jordan was before he bought his team.” Jordan’s place in the All-Star galaxy in the coming days is reflective of his unique position among those who oversee the NBA’s 29 other franchises. His impact on the team, on its fans, on their city and on the state in returning to his native North Carolina -- he grew up in coastal Wilmington before attending college in Chapel Hill -- to anchor and lend stability to the Hornets will be on full display, even if he’s hard to spot this weekend. It’s all a reminder, too, of the old movie line from a remarkably blessed character, wondering “What do you do when your real life exceeds your dreams?” Most don’t dare to imagine playing in an All-Star Game, never mind hosting one as the owner of the local team. “No,” Jordan told some Charlotte reporters Tuesday (Wednesday, PHL time), coming forward for one of his few appearances of the week. “As a kid growing up here in North Carolina, the first thing [was] playing basketball. And then things evolved from there -- from the University of North Carolina to Chicago. Obviously you know the history from that. “[The] opportunity to represent North Carolina in an All-Star Game from a different seat is truly amazing. It tells the path that I have taken. It gives me great pleasure to give that back to the community. It’s been a long-traveled road.” The celebration of the league’s brightest stars, and the ubiquitous banners and signage devoted to it will make it even harder than usual to visibly spot signs of Jordan’s ownership of the Hornets. For a typical regular season game, you might spy a flag emblazoned with his well-known “Jumpman” logo. Occasionally he’ll watch part of the game, rarely all, from seats at the end of his team’s bench, though he’s as likely to retreat to his suite atop the arena’s lower bowl. An in-game, timeout scoreboard video meant to stoke the crowd includes shots of GM Mitch Kupchak (“Architect of Champions”) and coach James Borrego (“Elite Pedigree”) but ends right about the time you expect some dramatic silhouette of His Airness to appear. It’s as if Jordan is as protective of his brand in running the Hornets as he is in maintaining its exclusivity in the marketplace. Doesn’t matter, though. His fingerprints are all over the franchise, as a basketball team, as a business enterprise and as a member of the community. On court, Jordan trusts his team Jordan’s greatest notoriety as an owner in a basketball setting may have come in December, when he was courtside for a tense game against Detroit. Guard Jeremy Lamb drained a 22-foot jumper with 0.3 seconds left, sending reserves Malik Monk and Bismack Biyombo onto the floor in celebration of what would be a 108-107 home victory. Trouble was, that sliver of time on the clock. Too many men. The Hornets were whistled for a one-shot technical foul and Jordan impulsively smacked Monk lightly, twice, on the back of the head. Any other owner does that, the player’s agent might file a grievance with the players union. Jordan does it and, thanks to his in-the-trenches, in-the-fraternity credibility, it comes across as a goof. “A tap of endearment,” Jordan called it later in a statement. “It was like a big brother and little brother tap. No negative intent. Only love!" Said Monk: “Big, big, big brother. But it was nothing. He was just playing.” The arc of Jordan’s career and his reputation as a stone-cold competitor make it OK if he wants to vent -- or swipe -- when things don’t go the Hornets’ way. Doesn’t matter that Jordan, who will turn 56 on All-Star Sunday, is old enough to be any of his players' dad. He still carries himself like an athlete, and their frame of reference remains, “That’s Mike.” “I’ve seen kids come up through camps,” said Buzz Peterson, Charlotte’s assistant general manager under Kupchak. “You could say Julius Erving, you could say Larry Johnson, Karl Malone, whatever, and the kids’ eyes are like, ‘Who?’ But you say Michael Jordan, they’re gonna know. That’s the separation there.” Peterson is among Jordan’s closest friends -- he beat him out as North Carolina’s prep player of the year in 1981, won an NCAA title with him as a Tar Heels teammate and is described by those who know both as someone who can disagree with the boss while staying comfortably in the inner circle. For Borrego, Charlotte’s first-year coach, interviewing to run Jordan’s team could have been intimidating. “We’re all human beings -- there’s a presence that comes with ‘Michael Jordan’ when he’s around,” Borrego told NBA.com in January. “But it’s healthy. He comes with a competitive spirit that you feel. “Michael was straight with me from Day 1. When I interviewed, he said, ‘I’m going to give you space to do your job. Whatever you need, you come to me. I’ll give you the resources you need.’ He has not tried to interfere one time. I feel his full support. … We’re starting to speak each other’s language, which is pretty healthy for us now.” Jordan keeps the coach apprised of his interactions with players, Borrego said. Other coaches should have such a resource at the ready. Hornets guard and 2019 All-Star starter Kemba Walker probably has benefited most from Jordan’s counsel. They text frequently, a pinch-me arrangement to this day for Walker. “I grew up wearing Jordans, grew up wanting to be like Jordan,” Walker said recently. “So for me to get this opportunity to be on his team means the world to me. He’s the one who believed in me -- I had no idea where I was going to go on draft night and he traded up for me. I’ve always heard the story, he was the one who actually drafted me. So it’s unbelievable. “He’s such a good dude. He understands what it is to be good. His delivery is always good. Only in a positive way, honestly.” Said rookie wing Miles Bridges: “You think there’ll be a lot of pressure having MJ as an owner. I’d seen how he got on his teammates when he played. So I was nervous, thinking if I had a bad game, he’d go at me like, ‘What’re you doing?’ But after meeting him and bonding with him, I feel like he’s the coolest owner out there. I don’t feel any pressure, I feel like he wants the best for us.” Big man Frank Kaminsky typically sits at the end of the bench, which puts him cheek to cheek with Jordan when he’s courtside. “He’s talking about what he’s seeing out on the court. Talking to the refs,” Kaminsky said. “Things other players don’t necessarily see. He still thinks the game. “You see things on the court that he sees. One game, the roll, pocket-pass, skip to the corner was open. He was saying that. We made an adjustment in a timeout, but he saw it a couple plays before that. At the end of that game, we had a big play that was a roll, pocket-pass, into the corner that put the game away. It worked the way he’d seen it.” The Hornets’ struggles during Jordan’s tenure as owner wouldn’t suggest it -- the last time this organization won a playoff series (2002), Jordan still was a player -- but there is a prestige to playing for his team. It’s not unlike being welcomed onto the list of elite athletes who endorse Jordan Brand. “I’m one of the lucky ones who’s in both,” Kaminsky said. “You’re talking about the most iconic player in sports history -- I might be biased because I grew up in Chicago -- but when you have his approval, it means a lot. You have it in the back of your mind that he wants you here.” Head smack or no head smack. Jordan grows as owner, businessman Basketball is a zero-sum game and the NBA is full of stars, even if none shines quite as brightly as Jordan. But business has room for negotiation and compromise, and deals get struck daily that leave both sides happy. There, Jordan has been beyond clutch. Funnel down everything he’s accomplished -- six NBA championships, the league’s highest career scoring average (30.1), five MVP awards, six Finals MVP, 10 scoring titles, nine All-Defensive team nods -- and it invariably ends with clammy hands. The “wow” factor is real and the Hornets are extremely careful about leveraging it. “It gives our organization a certain cachet,” said Whitfield, another longtime friend who goes back more than 35 years with Jordan. “For him to be majority owner, for him to do it in his home state as a local hometown hero, and to be able to come back and not just lead the team and the rebranding from the Bobcats to the Hornets, but his commitment to the community in giving back, it’s something that’s so special.” That’s a lot to unpack. When Jordan initially signed on with the Hornets, he did so as head of its basketball operations in 2006, purchasing a small minority stake in the team. The team was bad, the business was worse and trending down. “Back in ’08-09, the economy was in the tank and I was mandated to ‘displace’ 42 of our executives here on the business side,” Whitfield said. “When Michael bought the team, we were losing $30 million a year.’ Brought back into the league in 2004 two years after the original Hornets (1988-2002) were moved to New Orleans by reviled owner George Shinn, the Charlotte expansion team was owned -- and nicknamed -- by Bob Johnson, a co-founder of the BET television network. The Bobcats excelled only at losing and were 122 games under .500 in their first five seasons. The front office was understaffed, Spectrum Center (then known as Time Warner Cable Arena) needed renovations almost from its inception and there was a real sense that, if a buyer with deep pockets and a commitment to the area weren’t found, the franchise could be moved. In March 2010, Jordan ponied up the cash to become majority owner. But it says something that the deal stands as one of the few, if ever, instances of an NBA franchise being sold at a discount. Johnson paid $300 million for the team; Jordan purchased it for $275 million. Forbes.com recently had Charlotte worth $1.25 billion -- which ranks 28th. And Jordan reportedly has one of the biggest stakes of all NBA owners, with his share estimated at upwards of 90 percent, possibly as high as 98 percent. That’s a lot of success in nine years, despite the basketball team’s mostly middling performance. “With MJ being with the team, you got instant credibility in the marketplace,” said Pete Guelli, the chief operating officer who started on the job about 10 months before Jordan took ownership. “There had been a lot of uncertainty previously, but with his brand and his resources and his commitment, that just dissipated immediately. It was much, much easier to walk in the door and tell people about our vision for this franchise.” Rebranding the team as “Hornets” gave the franchise an existential boost -- it suddenly had a history again, complete with records, archives and true alumni. The arena got a makeover and, per Guelli, is credited for events there that generate an alleged $1 billion in revenues for local businesses. “Fortunately, we’ve been profitable pretty much since [Jordan took over],” Whitfield said. “That’s huge, especially since we haven’t gotten where we want to be on the basketball side.” Closing a new kind of game now It’s hard to overstate Jordan’s added value, not so much as some corporate or financial whiz but as a presence who brought instant motivation and energy to the staff. He imported executives with whom he had developed relationships at Nike or in other ventures and, after taking early criticism for an uncertain level of involvement, has been more diligent in recent years. “I love seeing him sitting at the end of the bench encouraging his players when he attends a game” said Charles F. Bowman, Bank of America’s market president for Charlotte and North Carolina. “And as a business person what impresses me is that he has empowered his management team to focus not only on the court but also on building bridges with the community. “He had a vision for where he was taking the team and a clear plan to get there. He has hired good people, gives them latitude to make decisions and he expects them to perform. Michael is unique -- the best player ever who is determined to keep getting better year over year as an owner.” The NBA has gotten a taste of Jordan’s growth and transition at some pivotal times. This is the legendary voice of the players who, during rancorous negotiations in the 1998 lockout, countered Washington owner Abe Pollin’s gripes about losing money by telling Pollin to sell his team. By the lockout of 2011, Jordan had moved to the other side of the table. But several members of the National Basketball Players Association’s executive committee saw him not as an opponent or turncoat but as a role model: someone who had transformed himself from employee to employer at the game’s highest level. “The players understood, he had been in their shoes,” Whitfield said. “He’s not forgetting what it meant to be a player. He was in the process of learning what it meant to be an owner.” When the current collective bargaining agreement was negotiated with commissioner Adam Silver and union director Michele Roberts leading the talks, Jordan was an active, powerful voice. He is an influential member of the NBA’s labor relations and competition committees. One Charlotte insider spoke to Jordan’s clout with his fellow owners in getting this weekend’s showcase -- jeopardized by a political squabble in 2017 -- back onto the league’s short list. “There’s no All-Star Game here in Charlotte if it’s not for MJ,” the person said. Last summer in Las Vegas, Silver lauded Jordan for his ability to straddle the basketball and business worlds. “He brings unique credibility to the table when we're having discussions [with the players],” he said, “and even just among the owners, he's able to represent a player point of view… Michael can say, 'Well, look, this is how I looked at it when I was a player, and these are the kind of issues we need to address if we're going to convince players that something is in everyone's interest.’ ” Jordan’s powers of persuasion apparently have been even more impressive in Charlotte and North Carolina. The executives are careful about relying on him too often -- Jordan’s most precious commodity, now that his net worth is estimated to be upwards of $1.7 billion -- is his time. But when they need Mariano Rivera to walk in from the bullpen, he is lights out. “We’ve had corporate sponsors at a golf outing, and he’s been there, maybe stayed at one hole to tell off with everybody,” Whitfield said. Or they’ll invite certain corporate sponsors to one of a few games each season in which “Club 23” is up and running at the Spectrum Center, a private club built for such purposes. They get a chance to visit, talk with and pick Jordan’s brain on the Hornets and much more. “We’ve closed all those deals,” Whitfield said. Then there was the time a local CEO wanted to finalize a sizeable sponsorship deal with the team, and had his No. 2 invite Jordan over to their headquarters for the meetings. Whitfield told the tale: “This guy says, 'You have to come to our office. Our CEO is the man in our business.' But we’re like, 'Nah, typically, CEOs come and meet in Michael’s office or in ‘Club 23’ over here.' He said no, that wasn’t going to work for them. “So Pete Guelli said, 'Let’s make a deal: We’ll take your CEO and drop him off in Beijing. And we’ll drop off Michael in Beijing. Then we’ll see who more people gravitate to. Whoever gets the least people, he has to come to the other guy’s office.'” Point made. Point taken. Said Whitfield: “The guy says, ‘You know what, I got it. We’ll be over 10 o’clock Friday morning.’” A community he calls home The Michael Jordan who once seemed determined to float above cultural and political frays as the most prudent way to serve commerce has not held back in recent years from making his presence felt. He has been more philanthropist than activist and, let’s face it, in times of the most dire need, cash beats talk every time. Charity and investing in the community can be good for business, sure. Making that a priority after Guelli’s arrival and Jordan’s purchase helped the Hornets build bridges with fans and merchants that Shinn and the original franchise’s departure had torched. More than that, though, giving back for Jordan and his team at this point in his life was the right thing to do. And do, and do, and do. The list of charitable and civic efforts Jordan and the Hornets have undertaken is long, with few outside the region or state aware of most of it. Among the highlights: - Donating $2 million to relief efforts in the wake of Hurricane Florence, particularly meaningful because of the damage it did in Jordan’s hometown of Wilmington. - Dedicated $7 million in partnership with Novant Health to fund two Michael Jordan Family Clinics, set to open in Charlotte in 2020. - Serving as Make-A-Wish’s Chief Wish Ambassador since 2008, while donating more than $5 million to the organization. His relationship with Make-A-Wish began more than 30 years ago. - Contributing $5 million as a founding donor of the Smithsonian’s National Museum of African American History and Culture in Washington, D.C. - Addressing the issue of police shootings and community policing in 2016 by donating $1 million each to the NAACP Legal Defense Fund and the International Association of Chiefs of Police. After the hurricane in September devastated so many homes and businesses in and near Jordan’s roots, he wanted to do more than to stroke a fat check. In a meeting covered by The Associated Press, he met with Stephanie Parker and her family, including four young children, after they lost their apartment in two feet of flooding. A call from the director of the Cape Fear chapter of the Red Cross brought them together. The meeting took place at a Lowe’s home improvement store. “I look around the corner, and it’s Michael Jordan. ‘Oh my God!’" Parker said. “I look at my kids, ‘It’s Michael Jordan!’ I’m not going to lie, some tears came in my eyes, because the first thing that went through my mind was when I was younger, his last game when he was on the Chicago Bulls team, and that flashback just came right in my mind.” Afterward, Jordan was coaxed by the Charlotte Observer to talk about why that disaster resonated so deeply for him. “You gotta take care of home,” he said. “Wilmington truly is my home. Kept thinking about all those places I grew up going to … You don’t want to see any of that anywhere, but when it’s home, that’s tough to swallow.” There’s basketball, there’s business and then there’s real life, which sometimes intrudes in the most desperate ways. “We didn’t know how many people in our community were hungry,” Whitfield said. “There are people in dire need, and it’s special to have that hometown hero have in his heart that ‘This is where I can help.’ “It gives not only him as a person but our organization a platform to really speak out. That commitment is what has made him a special owner, and why he’s even more beloved in our community.” Winning title No. 7 drives Jordan now To date, Jordan’s greatest achievements have come elsewhere, at least since his baseline shot as a freshman propelled North Carolina to the 1982 NCAA championship. Those Bulls championships, the “Dream Team” magnificence, his partnership with that sneaker company in Beaverton, Ore., his Naismith Memorial Basketball Hall of Fame induction, shooting “Space Jam,” all of it -- his legacy has been crafted with others, for others, mostly far from home. (For the record, Jordan, his wife Yvette and their two daughters own a mansion outside Charlotte and an estate in south Florida). “Look, this has always been home for him,” Whitfield said. “Even though he was drafted by Chicago, WGN became a very popular station. And he just continued to elevate, so people in this state were proud to say, even though he’s a Bull, we love him. When the Bulls would come here and play at the old Coliseum, these fans who were avid Hornets fans were all pulling for Michael Jordan. “He’d score, they’d cheer loudly. The Hornets would score, they’d cheer loudly. North Carolina always felt like he was their native son who went off and achieved greatness.” Coming back first to head the franchise’s basketball operations and then as owner, Jordan’s role -- in light of the modest results on the court -- has been custodial. Yes, the club’s improved financial stability is important. But for this driven winner and NBA owner unlike all others, custodial isn’t going to cut it for long. “He did an interview with Cigar Aficionado magazine a while back,” Peterson said, “and the question was asked, ‘What would you like to do?’ And he said, ‘Win a seventh championship. Win as an owner.’ So for me, every day, I’m thinking, here’s a close friend and you want to make your friends happy, right? So each day I think, do the best you can to reach this goal for him.” Said Hornets wing Nicolas Batum: “I understand. He wants to win. He wants to compete since he was born.” It hasn’t been for lack of trying, although Jordan has made sure to keep fiscal responsibility high on every agenda. The team’s payroll for 2018-19 is approximately $122.3 million, which ranks near the middle of the NBA pack. “That Michael Jordan is one cheap dude,” said an impassioned cab driver on a recent airport run. “He’s only going to spend so much and the players they get shows it.” The Hornets never have spent into the league’s luxury-tax, and if Walker is retained when he hits free agency this summer, he’ll likely become the first Charlotte player to sign a full maximum-salary contract (though the five-year, $120 million deal Batum landed in 2016 came awfully close). Injuries and dubious moves have taken a toll, a situation that Kupchak, Borrego and their staffs have been tasked with fixing. Jordan, by all accounts, is engaged yet patient, with a playoff berth and potentially a record above .500 within reach. “I’m sure he feels like,” Whitfield said, “if he were still 30 years old and could lace ‘em up and get out there, he’d help us get over the hump. I think he would cherish it as much or more than the first six. Because I think he realizes how hard it is to get it done. “But it doesn’t bother us if the fans see his frustration sitting next to our bench. It’s important to us that they see he’s not only invested, he’s vested in what our team is trying to do. They can relate to him because they’re feeling that same frustration.” Jordan is theirs again and that’s what matters. For basketball, for business, for community and in time, just maybe, in championship. Steve Aschburner has written about the NBA since 1980. 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 NewsFeb 16th, 2019

Builderall Review: Excellent Commission Potential With Builderall Affiliate Program

WHAT IS BUILDERALL AND WHY YOU SHOULD USE IT AS A MARKETER During the platform's initial growth phase, their goal was to "transform the world through entrepreneurship using digital marketing as a tool." Fast forward a couple years andBuilderallhas met their goal and are helping companies all over the world generate real online results. WITH BUILDERALL YOU HAVE THE ABILITY TO: Build a legitimate online business Create a website, e-commerce store, blog, webinars, and sales funnels Fully automate your processes Build your clientele base Sell more products and/or services and grow your business A long story short, Builderall is the one-stop shop of digital marketing ...Keep on reading: Builderall Review: Excellent Commission Potential With Builderall Affiliate Program.....»»

Category: newsSource:  inquirerRelated NewsFeb 13th, 2019

High value services to drive Philippines growth

The World Bank is urging the Philippines to ease foreign ownership and other regulatory restrictions in services to enable the sector to drive economic growth further amid slowing global trade in goods......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2019

18 GDP growth seen short of govt goal | Inquirer Business

Economic growth likely slowed last year and fell below the governments downgraded target range as high inflation took its toll on consumption, a major driver of the economy. The post 18 GDP growth see.....»»

Category: newsSource:  philippinetimesRelated NewsJan 21st, 2019

Exports drop, imports slow in November; trade gap grows

SOFTENING MERCHANDISE TRADE in November put an end to the country’s five straight months of export growth and pulled import growth down to single-digit level, the Philippine Statistics Authority (PSA) reported on Thursday......»»

Category: newsSource:  bworldonlineRelated NewsJan 11th, 2019

Philippine trade year-on-year performance (November 2018)

SOFTENING MERCHANDISE TRADE in November put an end to the country’s five straight months of export growth and pulled import growth down to single-digit level, the Philippine Statistics Authority (PSA) reported on Thursday......»»

Category: newsSource:  bworldonlineRelated NewsJan 11th, 2019

Prescott, Cowboys push past Seahawks for 24-22 wild-card win

By Schuyler Dixon, Associated Press ARLINGTON, Texas (AP) — Dak Prescott saw an opening up the middle, then three defenders between him and the first down. The Dallas quarterback found a way to get there, and get his first playoff victory two years after a sensational rookie season ended in disappointment. Ezekiel Elliott rushed for 137 yards and the go-ahead touchdown in the fourth quarter, Prescott scored on a sneak after his dazzling head-over-heels run and the Cowboys hung on for a 24-22 wild-card win over the Seattle Seahawks on Saturday night. The win for the Cowboys (11-6) was the first for Elliott and Prescott after losing a divisional game in their playoff debut as first-year stars two years ago. Dallas will play at either New Orleans or the Los Angeles Rams in the divisional round next weekend. "It's really just a chance to keep going on, simple as that," Prescott said. "Me and this whole team, we want to win it all. You can't do that without taking care of the first one. A lot of excitement, but my goal is bigger than just one playoff win." The loss ended a run of nine straight victories in playoff openers for the Seahawks (10-7). The Elias Sports Bureau says it was the longest streak in NFL history. Leading 17-14, Prescott faced third-and-14 from the Seattle 17 with the 2-minute warning approaching. He took off up the middle on a QB draw, barged through a trio of defenders 6 yards short of the first and went down at the 1 when he was flipped head-first by Tedric Thompson. Prescott, who also had an 11-yard scoring pass to Michael Gallup in the first half, scored on the next play in the eighth win in nine games for the Cowboys. "He's just a rare guy," coach Jason Garrett said. "His leadership, his toughness, just his way, his spirit. It's like none other. Somehow, some way, he's going to figure this thing out for us." Dallas' defense, ranked in the top 10 most of the season, stifled the NFL's No. 1 rushing offense and mostly kept quarterback Russell Wilson under control and handed him his first loss in four wild-card games. The Seahawks had finished the regular season with six wins in seven games to secure Wilson's sixth playoff trip in seven years despite a roster overhaul and 0-2 start. "This has been a special, special year," Wilson said. "Just the growth of our team, the men in the locker room, just the way that we've played together, just eliminating the doubters and the things that people thought that we could only do." Prescott, the NFL Offensive Rookie of the Year in 2016 when the Cowboys lost to Green Bay at home as the top seed in the NFC, threw for 226 yards, and his sneak for what appeared to be a clinching score because Dallas burned more than five minutes while taking 24-14 lead. But Tyler Lockett's 53-yard catch set up a quick Seattle touchdown — Wilson's 7-yard scoring pass to J.D. McKissic. The Seahawks got within two on their second 2-point conversion following an injury to Sebastian Janikowski. The missing kicker left the Seahawks no good options on an onside kick with 1:18 remaining. Punter Michael Dickson's drop kick was caught by Cole Beasley at the Dallas 31, sealing the first playoff win for the Cowboys since beating Detroit in the wild-card round in the 2014 season. After Wilson ran for 4 yards for a touchdown and Mike Davis' 2-point conversion run put Seattle up 14-10 late in the third quarter, Prescott led a 67-yard drive to put the Cowboys back in front for good. A 34-yard pass to Amari Cooper , who had seven catches for 106 yards, led to Elliott's 1-yard plunge after an apparent touchdown by the quarterback was overturned on replay. Prescott then had a chance to give the Cowboys a 10-point lead, but K.J. Wright made a juggling interception in the end zone. Dallas' defense came through again, though, forcing a punt and giving Elliott a highlight play before Prescott added his. The NFL rushing leader stiff-armed Shaquill Griffin on a 17-yard run to get inside the 20. Seattle got a double dose of bad news at halftime when Janikowski missed a 57-yard field goal on the final play and injured his left hamstring. He yelled as he grabbed the back of his leg and limped to the locker room, unable to return. Still, the Seahawks took their first lead basically because the 40-year-old's injury forced them to try. Facing fourth-and-5 in Janikowski's range from the Dallas 39, Doug Baldwin made a toe-dragging catch on the sideline for 22 yards. After Wilson's TD run, the Seahawks pushed their lead to 14-10 on Mike Davis' run. But the Cowboys never did lose control of the Seattle running game after allowing Chris Carson's first career 100-yard game in a Week 3 Seattle win that turned the season for the Seahawks, who finished the regular season with six wins in seven games. Carson had just 20 yards on 13 carries. Wilson was 18 of 27 for 233 yards, with Lockett getting four catches for 120 yards. The Seahawks had 73 yards rushing after averaging 160 during the season. Dallas came in with the No. 5 rushing defense. "Once we go up, we do a pretty good job of getting ourselves back down, knowing that we've got to start over next week and we've got to be able to do it again," linebacker Leighton Vander Esch said. "It's a full attack mode." INJURIES Cowboys receiver Allen Hurns fractured his left ankle in a gruesome first-quarter injury. Owner and general manager Jerry Jones said after the game that Hurns was "probably in surgery at this time." Hurns was being dragged down by Seahawks safety Bradley McDougald at the end of a 14-yard catch for a first down when his lower left leg appeared to buckle. ... Seahawks cornerback Neiko Thorpe left in the first half with a shoulder injury. UP NEXT Cowboys: New Orleans or the Los Angeles Rams on the road in the divisional round next weekend......»»

Category: sportsSource:  abscbnRelated NewsJan 6th, 2019

DTI expects total exports growing by 10% for 2018

The Department of Trade and Industry expects the country’s exports of goods and services to rise by nearly 10 percent to as much as $87.8 billion this year, with growth expected from both sectors......»»

Category: financeSource:  philstarRelated NewsDec 7th, 2018

Cooper, Cowboys join Redskins atop NFC East with 31-23 win

ARLINGTON, Texas (AP) — Ezekiel Elliott made the $21 donation after his touchdown. Amari Cooper took the freebie following the first of his two scores. The bonus for the Dallas Cowboys: They're all the way back in the NFC East race. Cooper had a 90-yard touchdown after celebrating with a free throw following his first scoring catch, Elliott ran for 121 yards with his TD and the Cowboys pulled even with Washington atop the division with a 31-23 Thanksgiving win over the Redskins on Thursday. The Cowboys (6-5) won their third straight game since the first home loss, to Tennessee in the Dallas debut of Cooper following a trade dropped them two games under .500. Dallas' eighth win in nine Thanksgiving games against Washington, and second in three seasons, earned a season split. The Redskins (6-5) lost for the third time in four games in Colt McCoy's first start in four years coming off Alex Smith's season-ending leg injury. The former Texas Longhorns star threw three interceptions to offset two touchdown passes. McCoy won his two previous starts at the home of the Cowboys, one for the 2009 Big 12 championship and the other his most recent NFL victory with the Redskins in 2014. Cooper, the former Oakland receiver had much more fun in his second home game, finishing with a Dallas Thanksgiving-best 180 yards receiving — 105 of those coming after the catch on his two touchdowns. First, Cooper ran away from Quinton Dunbar after the Washington cornerback slipped on a short pass, turning it into a 40-yard TD for a 17-13 lead. Cooper celebrated by mimicking a free throw , shooting the football through the goal post. On the 90-yarder, Cooper made the catch just outside the Dallas 30, spun out of the arms of Fabian Moreau and won the race to the pylon against Ha Ha Clinton-Dix, who tried to shove him out of bounds around the 5. It was his longest career catch and the longest completion in Dak Prescott's three seasons. McCoy looked as if he hadn't started a game in a long time early, throwing into double coverage on his first play and fumbling while trying to scramble on his third, with the Redskins recovering and punting. But McCoy settled in with a couple of third-down passes to Jordan Reed to keep drives going, then hit Vernon Davis in stride on a 53-yard touchdown — the longest Washington completion of the season — for a 7-7 tie. The Cowboys were having all the fun before the Redskins pulled even, with Elliott scoring on a 16-yard run and dropping $21 into a giant Salvation Army red kettle behind the end zone. The cash was handed to him by a team photographer. As a rookie in 2016, Elliott jumped into the kettle on the same part of the field after a touchdown in a 31-26 win over the Redskins. That season's NFL rushing champion, who wears No. 21, was fined for the stunt and later donated $21,000 to the Salvation Army. After scoring on a scrambling 5-yard run for the third Dallas touchdown in less than eight minutes and a 31-13 lead, Prescott let Elliott help him into another kettle on the other end of the field, drawing the same unsportsmanlike conduct penalty Elliott did two years ago. Elliott missed the Thanksgiving game last year on his six-game suspension over domestic violence allegations. MISSING PRO BOWLER Redskins defensive end Preston Smith had seven QB pressures before halftime, the most in the NFL in the first half this season. All of them came against Cameron Fleming, who was filling in for Tyron Smith. The five-time Pro Bowler Smith was active but didn't play after saying he experienced a stinger in the previous game against Atlanta. Smith was listed as questionable with a neck injury coming in. Smith finished with 1½ of the four sacks of Prescott — all in the first half — and had four QB hits. MR. IRREVELANT Washington receiver Trey Quinn, the final pick of this year's draft at the home of the Cowboys and a former player at nearby SMU, set up his own 14-yard touchdown catch for Washington's only lead at 13-10 in the third quarter with a 30-yard punt return to the Dallas 25. INJURIES Redskins running back Adrian Peterson left briefly in the first quarter with a shoulder injury but returned. Still, he wasn't nearly as effective as he was in Washington's 20-17 win in the first meeting. The four-time All-Pro finished with 35 yards on 12 carries after going for 99 yards at home. UP NEXT Redskins: First of two meetings in the final five games against the defending champion Eagles, at Philadelphia on Monday, Dec. 3. Cowboys: Face New Orleans in the second of three straight home games next Thursday......»»

Category: sportsSource:  abscbnRelated NewsNov 23rd, 2018

Financial system stronger, but new vulnerabilities emerge

Although the global expansion has plateaued, easy monetary policies continue to support growth. But we shouldn’t rest too easily. Chapter 1 of the latest Global Financial Stability Report finds that short-term risks to the financial system have increased somewhat over the past six months. Trade tensions have escalated, policy uncertainties have increased in a number […].....»»

Category: newsSource:  tribuneRelated NewsNov 5th, 2018

Trade war impact deepens across Asia, but ‘real economic shock’ yet to hit

HONG KONG — The economic impact of the intensifying trade war between Washington and Beijing appeared to deepen last month with factory activity and export orders weakening across Asia, but analysts warned the worst was yet to come. In a sign conditions for exporters and factories were deteriorating, manufacturing surveys showed marginal growth in China, a […] The post Trade war impact deepens across Asia, but ‘real economic shock’ yet to hit appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsNov 1st, 2018

PVL: Gervacio shows consistency for Perlas Spikers

Dzi Gervacio has been consistently delivering the goods for BanKo in the Premier Volleyball League Season 2 Open Conference. The former Ateneo de Manila University standout in her first all-Filipino stint as a Perlas Spiker is in her vintage form and her numbers in the stats sheet say it all. Gervacio is averaging 16.8 point per game and her 17-point explosion Wednesday helped BanKo get back on the right track after a two-game slump. The open spiker pounded 15 kills and landed a couple of aces while putting up 10 digs in the Perlas Spikers’ 25-22, 25-21, 25-19, victory over Iriga-Navy at the FilOil Flying V Centre in San Juan. It was a quick win for BanKo as it improved to 6-2 win-loss record and completed an elims sweep of the Lady Oragons.     “Gusto lang namin makabawi kasi last round we won in four sets,” she said. “So at least kahit mabagal ang pace straight sets pa rin.” All thanks to another superb effort by Gervacio, who finished the first round at the third spot in scoring behind Alyssa Valdez of Creamline and Pocari Sweat’s Myla Pablo.     “Siguro I wasn’t aware also (of my stats) kasi coming into Open Conference ni-remind din ako ng mga coaches namin na we want you to step up and be one of the leaders inside the court,” said Gervacio.   However, Gervacio, who is second in attack efficiency (33.76%) behind Valdez (40.46%) after the first seven games and in the top 10 in service and digs, is not too keen on chasing individual glory but would rather play her role well to bring glory to BanKo.         “I think its cherry on top, the main goal naman is to finish no. 1,” she said.   --- Follow this writer on Twitter, @fromtheriles.....»»

Category: sportsSource:  abscbnRelated NewsOct 24th, 2018

Economic execs turn cautious on targets

THE DEVELOPMENT Budget Coordination Committee (DBCC) on Tuesday slashed economic growth and fiscal goals and raised inflation forecasts in the face of tighter credit conditions, rising oil prices and a worsening Sino-US trade row. The post Economic execs turn cautious on targets appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 16th, 2018