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UA& P economist calls for faster GIR hike, downplays overheating fears

THE PHILIPPINES needs to amass bigger foreign currency reserves to keep up with rising demand for dollars, an economist of the University of Asia & the Pacific (UA&P) said, even as he maintained that the economy is far from overheating. In a 12-page paper, UA&P associate professor Victor A. Abola dismissed concerns that the Philippine […] The post UA&P economist calls for faster GIR hike, downplays overheating fears appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineApr 16th, 2018

BSP exec downplays rate hike calls

A CENTRAL BANK official has downplayed calls for a fresh hike in benchmark interest rates in the face of faster inflation, arguing such a move will not arrest supply-driven pressures. The post BSP exec downplays rate hike calls appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 10th, 2018

Moody’s says overheating farfetched; FMIC, UA& P see Q1 growth past 7%

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINE ECONOMY is far from overheating, with growth poised to clock faster even as inflation quickens further, according to a global debt watcher and a monthly analysis released on Monday. Moody’s Investors Service allayed fears that the Philippine economy could overheat, noting that growth can be expected […] The post Moody’s says overheating farfetched; FMIC, UA&P see Q1 growth past 7% appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 2nd, 2018

BSP downplays fears of overheating

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) downplayed anew fears of overheating after a stronger-than-expected economic expansion in the thi.....»»

Category: financeSource:  philstarRelated NewsNov 17th, 2017

Finance: Yields on T-bills climb on rate hike fears

THE GOVERNMENT raised only P10.36 billion from its auction of Treasury bills (T-bills) yesterday after it decided to partially award all three tenors despite strong demand as banks asked for higher returns due to market cautiousness over faster domestic inflation and global uncertainties......»»

Category: financeSource:  bworldonlineRelated NewsFeb 13th, 2017

Transport group calls for P1 hike in minimum fare

A transport group yesterday urged the Land Transportation Franchising and Regulatory Board (LTFRB) to bring back the minimum fare for jeepneys to P10 following a spike in fuel prices......»»

Category: newsSource:  philstarRelated NewsJan 15th, 2019

Patrick Beverley s trademark defense getting new test

By Shaun Powell, NBA.com There was a foul, followed by a stoppage in play, a scene replayed dozens of times in NBA arenas. Except in this case, the victim was former two-time Kia MVP Stephen Curry and the punisher was the notorious Patrick Beverley. And so the situation (of course) turned snippy. Beverley has fought against better players his entire basketball life and carries an underdog gene that tends to flare in these situations. That explains why he tried to slap the ball from the Warriors guard after the whistle. Curry wasn’t having it, and so there was a gentle shove. And then a shove was returned. Then a staredown with noses just inches from each other. Then a separation of bodies. This was Beverley doing what he does by reputation: namely, irritate and push his defensive aggression and agenda to the very limit … and then some. His “crime” was restricting Curry’s movement with a forearm. Sometimes Beverley gets away with it, but in today’s NBA, no longer with any regularity. Such is the new normal. He’s a defensive-minded player with the LA Clippers and works in a league that suddenly favors scoring and shooters. He’s quite possibly, in his estimation and that of others, someone who’s forced to evolve or perish. For him, there’s no other option. “It would be very hard,” Beverley said, “to come into the league today and try to play defense like we did years ago.” Before this season, the NBA's Points of Emphasis centered in part on freedom of movement. The goal is to help players move without barriers, which creates high-scoring games, which makes games more entertaining for fans. Halfway through the season, the evidence is convincing: Scores are up, stops are down. To date, 11 teams have an offensive rating greater than 110 and 18 teams are scoring more than 110 points per game. Last season, those numbers were six and six, respectively. For players born with height, wingspan and leaping ability, these defensive rules don’t handcuff them much. But Beverley buys his clothes off the rack, so to speak. He’s a shade over six feet and is therefore a normal man trying to make a living in a big man’s world. At 30, Beverley deals with players who are often taller and even quicker. It’s his job to make their life tougher -- but here in the new age of barely-contested shots and 120-point games, the opposite is ringing true. He’s averaging a career-high 3.6 fouls per game and can’t get away with much. As Draymond Green, a defensive demon himself and teammate of Curry’s said recently: “Defense is not allowed. You can’t really play defense in this league. I guess that’s not what they want.” ‘We’re forced to adjust’ Green's words are perhaps an extreme assessment and a touch of exaggeration. Fifteen teams averaged at least 106 ppg last season; now it’s 26. Calls are less forgiving, as only 13 teams are averaging 24 free throw attempts per game (it was five last season). The ball moves and there’s less restriction, which was the intention. And there appears to be little blowback in the basketball universe from those who observe and play. It’s just … accepted. For the most part. Even Beverley offers a shoulder shrug. “Guys who make a living off defense, we’re forced to adjust,” he said. This evolution of shifting away from certain defensive tactics is decades in the making. The NBA once allowed defenders to shove a forearm into the back of a post-up player, and subtle jersey grabs were often excused. And there was the hand-check, too. All have been outlawed. The game is far less physical, which means the “Bad Boys”-era Detroit Pistons would have little chance of winning one championship today (let alone two). The NBA has sought to distance itself from that brand of ball, from Pat Riley’s New York Knicks (and their “no free layups” mentality) and from the 85-80 scores that often stifled the creativity of the game. The result is a game that sees open lanes and quicker whistles, and less of what helped players like Beverley overcome tremendous odds to reach the NBA. “There is where we’re at,” he said. “They want to see more scoring, more up-and-down, more points and all that, which is understandable. Of course, it makes it hard for me.” Relishing his ‘instigator’ role This is Beverley’s sixth year in the NBA, but his 10th in professional basketball. His journey curved through various stops overseas before he became rooted with the Houston Rockets, his first true NBA home. It speaks to Beverley’s doggedness and his value, at least initially, as a defensive specialist assigned to the grunt work. With the rise in scoring point guards across the NBA landscape, Beverley’s role became more important, and difficult as well. In a typical week, Beverley could guard Curry, Russell Westbrook, Damian Lillard and opposing shooting guards, too. He brings an edge to the job that he learned from growing up on the West Side of Chicago to a single mother as well as a grandmother who adopted a dozen kids. Daily life was a chore. He was one of the main characters in the documentary “Hoop Reality,” the sequel to the acclaimed “Hoop Dreams.” Beverley was friendly rivals with former Kia MVP winner Derrick Rose since grade school and was actually a scorer in high school, averaging a state-best 37 points as a senior. After getting kicked out of Arkansas in 2008 after two years for academic issues -- a tutor wrote a paper for him -- he played three years in Russia and Greece before filling the point guard void on the 2012-13 Rockets caused by Kyle Lowry’s trade to Toronto the summer before. “I wouldn’t change one thing about how I got here,” he said. “Sometimes you don’t get in through the front door. Sometimes you don’t get in through the back. Sometimes you got to climb through the window. That doesn’t mean the opportunity wasn’t there. There’s a way; you’ve just got to find it.” He immediately became singled out for eyeball-to-eyeball defense that teetered on the edge. The moment that earned him a name was in the first round of the 2013 playoffs against Oklahoma City. He went for a steal on Westbrook in Game 2 while Westbrook signaled for a timeout, causing his knee injury five years ago. He still answers for that, even to this day; not that the play on the ball was reckless, but was it necessary? “I don’t go out there to hurt people, I don’t even know how to attempt to hurt somebody,” Beverley said. “I play hard, bring the edge. I’m an instigator. That gets me going. I like to bump people, to feel me getting into somebody’s jersey. I’m just different. I like contact, like physical play, like pushing and holding. But I’m not dirty.” Beverley hasn’t spoken with Westbrook -- their on-court relationship is clearly frosty -- and with the exception of Rose, he doesn’t encourage any friendships beyond his teammates. “I don’t talk to anybody,” he said. “I don’t want personal battles that take away from the team. I’m trying to win games. When I come to San Francisco or Oklahoma City or Portland, I know I’m going straight to my room because there’s people I got to be ready to play the next day. And I know they do the same. There’s respect that’s not being said. When it comes to Steph, Dame, Westbrook, I make sure I get my rest. But they get their rest, too. They know what I bring to the table.” A game that won’t change Beverley was an All-Defensive first teamer two seasons ago, both a career highlight and confirmation of his devotion to studying film and learning opponents’ tendencies. He has also overcome microfracture knee injury in 2017-18 that limited him to 11 games in his debut season with the Clippers. “I worked my ass off and I’m still working,” he said. “If it’s not one thing it’s another. Me getting hurt, coming back faster and stronger. Got kicked out of school, had to go overseas, knew I was going to the NBA anyway. I didn’t know how. But I knew. “This is bigger than me. It’s for my mom, grandmom, seeing how hard the women in my life worked to raise me. It’s not easy being a single mother raising a kid in the inner city but she made it happen. She taught me to stand on my own two feet and get the best out of hard work, which becomes part of your mindset, especially when you see two women doing it every day.” And now comes another challenge for Beverley and those like him. How do you thrive in a league that’s suddenly married to offense? “Maybe after the All-Star break they’ll stop calling ticky-tack fouls,” he said. “The better defender you are, the more you’re singled out. But I’m going to go out there and be Pat. Don’t care. Won’t change.” Beverley estimates that “70 percent” of the players he guards are rattled by him, to different degrees. He said “only a few don’t,” which he refused to name (for strategic reasons). The game may not be designed to help the underdog, average-sized player who brings intensity and defense. But there’s no sense waiting for Beverley to make excuses. He’s come too far for that. “When you’re done with this game, you don’t want to go around saying, ‘Man I wish I could’ve done this, put more time into that.’” Beverley said. “Every year I go out like a person fighting for my spot, fighting for my contract. That’s the way I train. That’s how I prepare. That’s why I’m still in the league.” Veteran NBA writer Shaun Powell has worked for newspapers and other publications for more than 25 years. You can e-mail him here or 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 NewsJan 10th, 2019

Diokno: Gov t workers salary hike unconstitutional without 2019 budget

MANILA, Philippines – Budget Secretary Benjamin Diokno on Wednesday, January 9, thumbed down calls to implement the government workers' salary hike ahead of the passage of the 2019 budget, saying it was "unconstitutional." Diokno made the statement after  lawmakers urged him  to implement the 4th and final tranche of the Salary Standardization ........»»

Category: newsSource:  rapplerRelated NewsJan 9th, 2019

Palace calls Andaya bluff on 2019 gov’t salary hike

MALACAÑANG on Tuesday dismissed House Majority Leader Rolando G. Andaya, Jr.’s threat to seek Supreme Court intervention if the Department of Budget and Management (DBM) fails to implement a scheduled salary increase for government employees by Jan. 15......»»

Category: newsSource:  bworldonlineRelated NewsJan 8th, 2019

Economist warns further rate hike to fuel inflation

A resumption of rate hikes by the Bangko Sentral ng Pilipinas (BSP) will no longer be effective in restricting the growth of inflation and will instead have the opposite effect, according to an economist......»»

Category: financeSource:  philstarRelated NewsDec 25th, 2018

Medipeace donates 2 more ambulances to Iloilo hospitals

RESPONSE to emergency calls will now be faster as two more ambulances were added to the district hospitals in Iloilo Province. The ambulances were donated by Medipeace, a Korean non-government organization partner of the provincial government. They will be given to Aleosan District Hospital and Barotac Viejo District Hospital. Representatives from the organization led the […] The post Medipeace donates 2 more ambulances to Iloilo hospitals appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsDec 10th, 2018

Government calls off plan to suspend oil excise tax hike

President Rodrigo Duterte’s economic managers on Thursday called off their plan to suspend the next round of oil tax increase next year, citing the recent drop in world crude prices......»»

Category: newsSource:  philstarRelated NewsNov 29th, 2018

Comment on Central bank likely to hike rates within 2017 as inflation picks up by Philippines Morning News For August 16

[…] Central bank likely to hike rates within 2017 as inflation picks up THE Bangko Sentral ng Pilipinas (BSP) will still have to raise interest rates by yearend to keep up with faster inflation, analysts at BMI Research said, as they expect prices to rise by as much as 4% later this year. — BusinessWorld Online […].....»»

Category: newsSource:  bworldonlineRelated NewsNov 28th, 2018

PH banks to remain stable amid rising inflation: Fitch Solutions

By Anna Gabriela A. Mogato The country’s banking system will keep steady despite concerns over a possibly overheating economy, a new report claimed. In its Industry Trend Analysis released on Friday, Fitch Solutions Macro Research said it sees “little downside risks to financial stability” in the coming quarters. This is amid faster inflation rates reported today […] The post PH banks to remain stable amid rising inflation: Fitch Solutions appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 5th, 2018

Fuel tax suspension to cost govt P40B – DoF

The government could lose as much as P40 billion in gross revenues if the government heeds calls for the suspension of the higher fuel excise tax next year, a senior Finance department official warned. “For sure, the fuel tax revenue next year is minus P40 billion [if the tax hike is shelved],” Finance Undersecretary Karl [...] The post Fuel tax suspension to cost govt P40B – DoF appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 4th, 2018

PCCI backs calls to suspend fuel tax hike

The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business group, is supporting calls for the suspension of the increase in fuel excise tax set for next year under the Tax Reform for Acceleration and Inclusion (TRAIN) law......»»

Category: newsSource:  philstarRelated NewsOct 4th, 2018

PCCI backs calls to suspend fuel tax hike

The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business group, is supporting calls for the suspension of the increase in fuel excise tax set for next year under the Tax Reform for Acceleration and Inclusion (TRAIN) law......»»

Category: newsSource:  philstarRelated NewsOct 4th, 2018

PSEi tumbles on trade war, rate hike fears

The local stock barometer fell sharply in thin trade on Tuesday as investors were wary of the US-China trade war and the domestic damage cost by Typhoon 'Ompong.' The main-share Philippin.....»»

Category: newsSource:  philippinetimesRelated NewsSep 26th, 2018

Transport group calls for fare hike

ALLIANCE of Concerned Transport Organization (ACTO) on Tuesday urged the Land Transport Franchising and Regulatory Board (LTFRB) to raise the base fare for public utility jeepneys from P8 to P12. ACTO president Efren de Luna said in a statement that they have amended their earlier fare hike petition which initially asked for a P2 hike, […].....»»

Category: newsSource:  tribuneRelated NewsSep 25th, 2018

Fiscal deficit marks Aug. on spending hike

THE GOVERNMENT’S budget balance swung to a deficit in August from a year-ago surplus as expenditures surged faster than revenue growth, the Bureau of the Treasury (BTr) said on Monday. The post Fiscal deficit marks Aug. on spending hike appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 25th, 2018

Fiscal deficit marks Aug. on spending hike

By Elijah Joseph C. Tubayan Reporter THE GOVERNMENT’S budget balance swung to a deficit in August from a year-ago surplus as expenditures surged faster than revenue growth, the Bureau of the Treasury (BTr) said on Monday. The government posted a P2.6-billion fiscal deficit in August against a P28.8-billion surplus recorded in the same month last… link: Fiscal deficit marks Aug. on spending hike.....»»

Category: newsSource:  manilainformerRelated NewsSep 24th, 2018