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US stocks tap the brakes following torrid start to the year

NEW YORK — US stock indexes held close to their record levels on yesterday, as their momentum slowed following a torrid start to the year......»»

Category: newsSource: philstar philstarJan 9th, 2018

Barclays trading gives Staley momentum, but misconduct charges hurt bank’s profit

BARCLAYS PLC is finally showing some momentum for Jes Staley, whose beefed-up investment bank tracked Wall Street’s surge in equities revenue. The British bank beat trading expectations for a second straight quarter, driven by a 28% jump in revenue from dealing stocks, matching the performance of US rivals after a volatile start to the year […] The post Barclays trading gives Staley momentum, but misconduct charges hurt bank’s profit appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 27th, 2018

Philippine stock woes mount as 2018 losses pass $20-billion mark

PHILIPPINE stocks, already the world’s worst performers this year, fell to the lowest in almost a year Tuesday, bringing to more than $20 billion the loss in market value for the country’s benchmark index since the start of 2018. The Philippine Stock Exchange Index dropped as much as 2.3% in Manila trading, on track for […] The post Philippine stock woes mount as 2018 losses pass $20-billion mark appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 17th, 2018

Stocks rebound back to 8,000 mark

MANILA, Philippines — The bellwether Philippine Stock Exchange index recovered back to the 8,000 level yesterday to start the second quarter of the year foll.....»»

Category: financeSource:  philstarRelated NewsApr 2nd, 2018

Nuggets, Bucks go against NBA’s guard-heavy grain

By Shaun Powell, NBA.com They’ve become the must-have accessory in the NBA (just ahead of designer headphones and hoodie warmups), the one player no team can do without, the one player that no team seems to lack. Yes, quality point guards are a dime-a-dozen group now in the NBA. They’re populating the league in such abundance that the Phoenix Suns didn’t flinch when they told disgruntled starter Eric Bledsoe to stay home or the hair salon -- whichever he preferred. It’s hard to find a serious playoff contender that doesn’t have one (and some have two). And then there are the Denver Nuggets and Milwaukee Bucks, who arguably have none. Partly by necessity and partly by choice, both teams are running their offenses through gifted big men and getting reasonably decent results. These two teams are building for a big run while also going against the NBA’s trend … and, by no coincidence, are the two most logical landing spots for Bledsoe in a trade. Pump the brakes, though. Neither seems to be in a rush because they’re weighing the merits of using young, non-traditional point guards as compliments to the centerpieces: Giannis Antetokoumnpo with the Bucks and Nikola Jokic with the Nuggets. Both are solid passers and act as triggers while their point guards orbit around them, defer to them and pick spots to command the ball. But when, if ever, will either team get cold feet and fall in line with the rest of the NBA? The Suns would like to know, but it could be a long wait if the Bucks get the right results from reigning Kia Rookie of the Year Malcolm Brogdon and the Nuggets likewise from Jamal Murray. Their teams are taking a wait-and-see approach with their development while leaning heavily on Antetokounmpo and Jokic’s respective playmaking. Their coaches are saying all the right things: Jason Kidd of the Bucks: “Malcolm knows how to play the right way. He’s getting better. We’re lucky to have him.” Michael Malone of the Nuggets: “I believe in him and [Murray] has to believe in himself.” Yet both coaches are acutely aware that Murray and Brogdon, because of their size, can also play off the ball. Murray, for one, might be better suited as a game-finisher anyway. Both teams are in play for Bledsoe or perhaps a veteran addition either at the trade deadline or in free agency next summer. Brogdon surprised the NBA in winning Rookie of the Year while Ben Simmons missed last season and Joel Embiid played only 31 games. Still, that doesn’t diminish what Brogdon delivered last season and his value to the Bucks now. He’s wiser than most NBA sophomores because he stayed all four years in college and, as a second-round pick, his sense of urgency and hunger was greater than that of lottery picks. Brogdon is a self-made grinder, a consistent player who rarely screws up and is already one of the Bucks’ better defenders. The Bucks know what they’re getting from him on a nightly basis. “I’m a lot more confident,” Brogdon said. “When you have a year of experience and also the experience of playing in the playoffs, it just makes a world of difference. I know what my role is. I feel I’ve found my niche with this team.” Yet, Brogdon’s four assists per game (in 32.1 minutes per game) ranks 38th among starting point guards mainly because of Antetokoumnpo, who handles the ball and runs the offense much like LeBron James does. Brogdon’s ability and willingness to blend with Antetokounmpo is helpful to a system that plays off the young superstar’s multiple skills. Giannis is off to an MVP-like start and the last thing the Bucks want to do is slow his roll. But Kidd also wants Brogdon to sharpen his point guard instincts as well. “We talked about it last year, understanding when it’s time to score, being able to play-make, understanding how to get a teammate a shot, just being consistent when learning how to run the show,” Kidd said. “He’s been able to run the offense and be a leader. “And really, it’s all about that, and understanding who hasn’t touched the ball. That’s what makes a point guard special in this league. Figure out how to get the ball to the right people at the right time. That’s the next step for Malcolm.” The Nuggets waited until the eve of the season to name their starter at point guard, although it was clear last year that Murray had pole position. He assumed the role late in the season from Emmanuel Mudiay (who started 55 games) and Jameer Nelson (40 starts) and kept the ball, starting seven games. That wasn’t the plan when the Nuggets took him No. 7 overall in the 2016 Draft. Mudiay was their point guard of the future and Murray, who didn’t play the position in college at Kentucky, was projected as a scoring guard. But Mudiay’s erratic shooting, limited range and inconsistent playmaking opened up the job, which Murray won almost by default after the Nuggets waived Nelson. Malone admitted that Muray’s edge on Mudiay, a superior athlete, was shooting. Malone wanted someone with deeper range next to Gary Harris to space the floor for Jokic and newcomer Paul Millsap. Problem is, Murray’s shooting (37.1 percent) has been Mudiay-like here in the early season. From Oct. 21-27, he missed 16 straight three-pointers and is making just 18.2 percent of his three-pointers (after shooting 33.4 percent in 2016-17). His defense remains an issue at times (100.6 Defensive Rating this season) and part of the Nuggets’ slow start could be pinpointed to Murray’s growing pains. “I think they drafted me for a reason,” Murray said. “I just go out there and play basketball. I’m not worried about missing. I just got to be thinking about the next shot.” Malone and the Nuggets are taking the long view and realize Murray, 20, is trying to master NBA point guard play on the fly. But if they’re anxious to make a significant move in the tough West this season, the Nuggets’ point guard position might need an upgrade at starter or backup. “He showed me he’s not afraid of the moment,” Malone said, who added that part of the learning experience for players such as Murray means to deal with the not-so-good days and “let them play through it.” The Nuggets and Bucks are hesitant to include Murray or Brogdon in trade talks for good reason: Both are on cheap rookie deals and are big parts of each team’s future. Teams rarely move players this quickly unless there’s a serious issue (think Chris Webber after his rookie season in Golden State) or a deal is too good to skip. It wouldn’t be a surprise if the Nuggets are trying instead to unload Mudiay in a package to Phoenix and the Bucks are selling some combination of John Henson and Matthew Dellavedova. There’s risk, too, in acquiring Bledsoe himself. He went rogue with the Suns and teams usually shy away from players with flapping red flags. If he came to Milwaukee or Denver and didn’t mesh with Giannis or Jokic, it would be a disaster. Until further notice, the Bucks and Nuggets are good to go with the status quo. Teams can gawk all they want at their lack of a true point guard … and then deal with the sight of a 6’11” Antetokounmpo reaching the rim in three steps, or with the sight of 6’10” Jokic throwing Bill Walton-like backdoor passes from the key. 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 NewsNov 2nd, 2017

30 infra projects to start this year

Thirty flagship infrastructure projects worth a total of P1.04 trillion under the ambitious 'Build, Build, Build' program will start implementation this year and are seen creating up to 8.....»»

Category: newsSource:  philippinetimesRelated News13 hr. 54 min. ago

Cebu Landmasters to build 1st hotel in Bacolod

CEBU Landmasters, Inc. (CLI) is planning to start construction of its first hotel in Bacolod City by the fourth quarter of the year, which is expected to bring its total hotel portfolio to 969 rooms. The post Cebu Landmasters to build 1st hotel in Bacolod appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News16 hr. 41 min. ago

After electric year, Trae Young awaits the draft’s call

By Tim Reynolds, Associated Press Trae Young went into college basketball feeling like he had something to prove to his doubters. A year later, here he goes again. Young was the most electrifying player in the college game this past season, his stellar numbers in his only season at Oklahoma more than silencing anyone who felt like he wasn’t elite. And now he expects that he’ll need to prove himself once again, starting right when his name gets called in Thursday night’s (Friday, PHL time) NBA draft. “I’ll always have a chip on my shoulder,” Young said, “until I hang my shoes up.” That chip served him well at Oklahoma, when he led the nation with averages of 27.4 points and 8.7 assists per game. He’ll be snagged in the lottery on Thursday (Friday, PHL time), by a team that apparently will be willing to turn its offense over to a 6'2" guard who tries to emulate Steve Nash and counts Rod Strickland as one of his many mentors. He thinks he’s the best player in the draft, and very easily could be the first guard to get selected. Young was recruited for years by Oklahoma, his hometown school, and Sooners coach Lon Kruger spent hours and hours with him this past season breaking down film — probably all the while knowing that his star guard was going the one-and-done route. “I knew how good he was, but I didn’t even realize he was this good,” said Kentucky coach John Calipari, who also recruited Young heavily. “The biggest thing in this, and it’s a great lesson — Lon Kruger, who I have unbelievable respect for, basically said ‘We’re going to play through you, it’s all going through you, you’re going to shoot when you want.’ And he did not lie.” Kruger’s trust in Young was worthwhile. In college, there was something special from Young just about every night. Young had four games where he scored at least 40 points; no one in Division I could say that. Young had nine other games where he finished with at least 20 points and 10 assists; again, no other Division I player came close to doing that, either. Young tied the all-time Division I record with a 22-assist game in December. He was the first player to finish a season simultaneously leading Division I in scoring and assists per game. The accolades kept piling up — highest scoring average for a season by any player from any Big 12 school, consensus All-American, freshman of the year, Bob Cousy Award finalist, Naismith Trophy semifinalist. He had a sensational year by any measure. “It was crazy,” Young said. “But it was fun ... and it motivated me to get better.” The realistic watching for Young should start with the No. 3 pick, owned by the Atlanta Hawks. Atlanta worked Young out about a week ago, and the guard looked noticeably stronger than he was a couple months ago when his college career ended — he says he’s packed on at least 10 pounds of new muscle since then. The Hawks say their approach will be simple: They’ll take the best player still on the board. Young knows it’s out of his control. “This is the first time in my life where I haven’t gotten to pick where I’m going,” Young said. “AAU, you get to pick what team you play for. College, same. Having to wait to see where you’re going, it’s definitely something different but I’m not nervous at all.” And when it’s time to find his seat at Barclays Center for the draft, Young insists that he’s going to savor the moment. “If you looked back a year ago to now, nobody would think I’d be in this situation,” Young said. “So just being here now, I’m just going to enjoy and relax and embrace it all. That draft night is going to be a great feeling for me.”.....»»

Category: sportsSource:  abscbnRelated News16 hr. 55 min. ago

Arizona s Deandre Ayton top choice among bigs in NBA draft

By Aaron Beard, Associated Press There’s been little question that Arizona’s Deandre Ayton is the best of a potential-filled group of bigs at the top of Thursday’s NBA draft. Ayton was a force in his lone college season and looks like the favorite to land with Phoenix as the No. 1 overall pick. Behind him are several talented big men including Michigan State’s Jaren Jackson, Texas’ Mo Bamba and Duke’s Wendell Carter Jr., who like Ayton all played just one year in college and could all hear their name called in the first 10 selections. Here’s a look at the top prospects: DEANDRE AYTON The seven-foot, 250-pound big man can single-handedly dominate defenses, monopolize the boards and alter or swat shots. STRENGTHS: Ayton offers an impressive mix of power and touch . He averaged 20.1 points and was a force around the rim with 75 dunks while shooting 61 percent from the field, yet he had enough range to hit 12 three-pointers to pull defenders away from the paint, too. At the other end, 8.2 of his 11.6 rebounds per game came on the defensive glass to secure a stop. CONCERNS: He wasn’t particularly effective (14 points on 6-for-13 shooting) in the first-round NCAA Tournament loss to underdog and undersized Buffalo. His lofty draft stock assumes he continues to develop physically and build on his game, including on the defensive end (averaged just 1.9 blocks despite his physical tools). JAREN JACKSON JR. The Michigan State one-and-done big man is a possible top-five pick with size, length and a reliable jumpshot. STRENGTHS: The 6'11" Jackson, who averaged 10.9 points and 5.8 rebounds, offers two intriguing skillsets. First, he shot nearly 40 percent from three-point range even as he attempted nearly three per game. He also averaged 3.0 blocks per game, aided by a wingspan measured at more than 7-5 at the combine. CONCERNS: The 18-year-old (he turns 19 in September) had issues with foul trouble during the year, which helped limit him to 21.8 minutes per game on the season. MO BAMBA The seven-foot freshman from Texas has the potential to be an elite defender and rebounder — and that’s just a start. STRENGTHS: Bamba averaged 12.9 points and 10.5 rebounds while shooting 54 percent from the floor. But it’s the defensive potential that stands out here; he ranked second nationally with 3.7 blocks per game, aided by a wingspan measured at an incredible 7'10" at the combine — three inches more than any other player. CONCERNS: While he’s a good athlete, he’ll need to add some strength to a 225-pound frame to hold up physically in the paint against stronger opponents. WENDELL CARTER JR. Duke’s “other” one-and-done frontcourt presence had his own big season, even if overshadowed by teammate and possible top overall pick Marvin Bagley III. STRENGTHS: The 6'10", 259-pound Carter is a bit of a throwback with his post play. He has back-to-the-basket skills yet can step behind the 3-point arc, too. Carter averaged 13.5 points and 9.1 rebounds, posting 16 double-doubles. And he’s got enough bulk to battle up front at the NBA level. CONCERNS: He doesn’t have a lot of foot speed, which can affect him in transition or at the defensive end. He also had bouts with foul trouble, ending when he fouled out in 22 minutes during an overtime loss to Kansas in the NCAA Elite Eight. OTHERS TO WATCH — MITCHELL ROBINSON: The five-star recruit curiously opted to play for Western Kentucky, then never suited up at the college level. The 6'11" center is a first-round prospect with upside to develop thanks to his length and athleticism. — OMARI SPELLMAN: Spellman was the inside-out big man who shot 43 percent from three-point range for national champion Villanova. He could be the defacto post presence capable of stretching the floor in a small lineup in the NBA, though he’s a likely second-round pick. — ROBERT WILLIAMS: Texas A&M’s 6'10" sophomore is a gifted athlete (check out the windmill dunk he threw down in the Aggies’ NCAA Tournament win against Providence for proof). That and his defensive potential is a big reason why he’s a possible lottery pick......»»

Category: sportsSource:  abscbnRelated News16 hr. 55 min. ago

PAL Offers Non-stop Daily Flights from Manila to London

Philippine Airlines offers non-stop flights from Manila to London Hearthrow Airport daily. Aboard the Boeing 777 to offer a comfortable and high class flight experience. The said offer will start on June 30 this year to accommodate passengers who wants to visit the popular city of London. All-in economy fares start at USD 883 and […].....»»

Category: newsSource:  metrocebuRelated NewsJun 19th, 2018

Kolarov scores from free kick, Serbia beats Costa Rica 1-0

By ANNE M. PETERSON ,  AP Sports Writer SAMARA, Russia (AP) — Aleksandar Kolarov scored from a left-footed free kick in the 56th minute and Serbia opened its World Cup with a 1-0 victory over Costa Rica on Sunday. After David Guzman was handed a yellow card, Kolarov curled the ensuing free kick over the wall. Costa Rica goalkeeper Keylor Navas, who plays for Real Madrid, couldn't reach it. Serbia, which missed out on the 2014 tournament, had the early advantage in a tough group that includes five-time champion Brazil and Switzerland. After a scoreless first half, Navas fought off a barrage of challenges to open the second with the boisterous Costa Rican fans cheering him on at Samara Arena. The final moments of the match were marked by a squabble on the sidelines as Nemanja Matic got into a tussle with a Costa Rican coach. Players from both teams rushed toward the scrum but it was quickly diffused. The Ticos were the surprise of the last World Cup, sweeping through to the quarterfinals in Brazil before being ousted by the Netherlands on penalties. It was the furthest the small Central American nation had advanced in soccer's premier tournament. But there was some uncertainty surrounding the Ticos after a pair of friendly losses heading into the World Cup, including a 4-1 rout by Belgium a week ago. Serbia coach Mladen Krstajic, who replaced Slavoljub Muslin last year, put together a veteran defense with Kolarov, who plays for Roma, and former Chelsea player Branislav Ivanovic. Also included were Manchester United midfielder Matic, and Sergej Milinkovic-Savic, who had an apparent falling out with Muslin but was brought to Russia by Krstajic. The opening half between Costa Rica and Serbia was back and forth from the start: Aleksandar Mitrovic's header missed the target in the opening minute and moments later Marco Urena's angled shot for Costa Rica was saved in the left corner by Vladimir Stojkovic. Ivanovic made his record 104th appearance for the national team, surpassing Dejan Stankovic's mark. The 34-year-old Ivanovic had matched Stankovic's record last Saturday in a 5-1 friendly win over Bolivia. Stankovic, known as "Deki," played for the national team from 1998-2013, through three different eras: Yugoslavia, Serbia-Montenegro and finally Serbia. Ivanovic currently plays for Russian club Zenit St. Petersburg, but he's best known for his time at Chelsea (2008-17). Costa Rica defender Ronald Matarrita was ruled out of the World Cup earlier this week because of a right hamstring injury. He was replaced on the roster by Kenner Gutierrez. GROUP DYNAMICS Costa Rica advanced out of the group stage in Brazil with victories over Uruguay and Italy and a draw with England, but the country's players insisted in the run-up to Sunday's game that this team should not be judged on the past. "There's always a lot of talk about four years ago, but this is a new World Cup, a new history," Costa Rica defender Giancarlo Gonzales said. "Some of us are repeating, but there are teammates who are playing their first World Cup. We know the eyes of the world are on us." Costa Rica will next face Brazil on Friday in St. Petersburg, while Serbia plays Switzerland on Friday in Kaliningrad. KEYS TO SUCCESS Milinkovic-Savic gave Navas a workout in the first half, and while he didn't score, he is clearly a potent weapon for Serbia. He challenged Navas in the 27th minute from just outside the box, but Navas fell on the ball. Navas also stopped Milinkovic-Savic's bicycle kick in front of goal in the 42nd minute, but it was ruled offside. Currently with Italian club Lazio, rumors have swirled that Manchester United might be interested in the dynamic 23-year-old Milinkovic-Savic......»»

Category: sportsSource:  abscbnRelated NewsJun 17th, 2018

10 BTS songs for all your back-to-school moods

Here are songs from K-pop group BTS to start the school year right! I have been a K-pop fan since early 2016. What really got me into the fandom was BTS' "Run." I could not help but be impressed with the production of the group's music ........»»

Category: newsSource:  rapplerRelated NewsJun 17th, 2018

As Saudis wilt on field, kingdom pursues soccer power grab

By Rob Harris, Associated Press MOSCOW (AP) — The Saudis have ambitions to seize control over parts of international soccer. Losing 5-0 by Russia in the World Cup opener shows they might have bigger problems at home. Crown Prince Mohammed bin Salman had to endure the humiliation in the stadium on Thursday, with Saudi Arabia's mauling in Moscow coming at the hands of a side just below the Saudis in the FIFA rankings. Coach Juan Antonio Pizzi studiously sidestepped a question about whether his federation had been distracted lately. But it has. Just when the Saudis had a first World Cup appearance in 12 years to prepare for, the federation has been mounting a power grab of soccer far beyond the kingdom. What appears the creation of just another bureaucratic institution within the sport could actually have wider ramifications. On its face, the establishment of the South West Asian Football Federation by the Saudis, including the United Arab Emirates and Pakistan, to help to develop the game appears a benevolent undertaking, especially when the existing regional governing body is so vast. "Football is about growth and if you don't grow economically, socially, technically, you will not be moving," Saudi federation president Adel Ezzat told The Associated Press. "It's not enough for us to be in the World Cup. "We have a vision that an Asian country will win the World Cup one day, but there must be a start for that. Football is underdeveloped in many areas in Asia." Is the Asian Football Confederation to blame? "Ambitions have to be higher than winning the Asian Cup," Ezzat said. Confederation president Sheikh Salman, a Bahraini, said he "had no objection to the creation of SWAFF as long as it remains as a football body outside of the AFC's zonal structure." Scratch deeper below the surface and the true objectives of the new body seem a little cloudy. It is unclear why SWAFF is required when there are already regional offshoots of the AFC, including the West Asian Football Federation, which is led by Jordan's Prince Ali bin Al-Hussein who resisted an attempt by the Saudis to seize power of his organization before the new regional force emerged. "It will help Asia and it will help FIFA," Ezzat told The Associated Press. "We don't see anything wrong creating that connection between the south and the west. Football needs to grow." Ezzat maintained that SWAFF had followed the right legal steps to avoid breaching the rules of world football's governing body. Ezzat said FIFA governance committee head Mukul Mudgal had been dispatched by FIFA President Gianni Infantino to the SWAFF meeting on May 31 in Jeddah. The Indian judge denied he was in attendance. SWAFF said the founding members also include Pakistan, Sri Lanka, India, Nepal, Bangladesh, Bahrain, Maldives, Yemen, Oman and Kuwait. Oman Football Association General Secretary Said Othman Al Bulushi told the AP his nation was waiting to assess the statutes and legality of the body within FIFA before confirming its membership. The entire Gulf is not in SWAFF. Take a look at the map and three countries in particular are missing: Iran, Qatar and Yemen. "It's not about the geographic map," Saudi federation president Adel Ezzat said. "It's about zones." Could it also be about politics? For three years, a Saudi-led coalition has been trying to drive out Iranian-aligned Shiite rebels known as Houthis from Yemen to break the civil war in the Arab world's poorest nation and restore the exiled government. Across the Gulf, the Saudis are part of a quartet, including the UAE, Egypt and Bahrain, which has spent the last year putting the squeeze on Qatar. Diplomatic ties with the energy-rich country have been severed amid allegations that Qatar supports extremist groups in the region, which Doha denies. The Qataris, though, have plowed ahead with preparations to host an event that will put them at the center of the world's attention: the next World Cup in 2022. Ezzat won't discuss Qatar, or the 2022 World Cup. Turki Al-Sheikh, head of Saudi Arabia's General Sports Authority, has been less circumspect, demanding earlier this year that Qatar be stripped of the hosting rights if corruption around its bid was proven. For now, in Saudi sights is Qatar's flagship sports network, which owns exclusive Middle East and North African rights to the World Cup. The BeIN Sports coverage of the Russia World Cup opener was watched across Saudi Arabia — but on a pirate channel. The beoutQ signal is transmitted by a Riyadh-based satellite provider, whose largest shareholder is the Kingdom of Saudi Arabia. Still, the BeIN coverage was seized on by Al-Sheikh to threaten legal action against the network for "wrongdoings against KSA, its sports and officials, and for exploiting sports to achieve political goals." In a tweet, Al-Sheikh added Friday that this "proves Saudi authorities' true stance when banning this network from airing on its soil." Soccer's world body, though, is finally intervening. FIFA said it is "exploring all options to stop the infringement of its rights, including in relation to action against legitimate organizations that are seen to support such illegal activities." What FIFA would not say is whether Infantino raised Qatar's concerns when he watched the opener in the Luzhniki Stadium alongside the Saudi crown prince. Infantino has been a keen visitor to Saudi Arabia over the last year, including meeting King Salman, as intrigue has swirled about the country's role in a consortium's plans to underwrite $25 billion to launch a vastly expanded Club World Cup and an international Nations League. "He knows for a fact the importance of Saudi Arabia in the region," Ezzat said. "That's why I believe he is paying a lot of attention to Saudi Arabia. ... That's a very important sign. (FIFA) know this country can play a very important role in the development of football." Infantino, though, said he believed the backing for the new competitions was "not part of a wider Saudi sports grab." The proposals have stalled because of opposition within the council to Infantino's secrecy over the financial backers. Growing football is part of a sweeping "Vision 2030" plan to wean Saudi Arabia off its near-total dependence on oil money. Prince Mohammed is trying to push Saudi Arabia to become a more cosmopolitan nation that appeals to international investors. Ezzat wants to create new soccer competitions under the auspices of SWAFF and invite countries to participate from beyond the region — particularly Europe. "The country is going through an important change," Ezzat said. "Football can be a catalyst for change. The FIFA president I'm sure knows this very well. ... My country can play an important role in football." Just not the Saudi national team at the moment......»»

Category: sportsSource:  abscbnRelated NewsJun 16th, 2018

UK soldier gets 18 years for tampering with wife’s parachute

      LONDON---A former British Army sergeant who tried to kill his wife by sabotaging her parachute has been sentenced to at least 18 years in prison.   Sgt. Emile Cilliers was convicted last month of two counts of attempted murder for the parachute tampering and sabotaging a gas valve at the couple's home.   Victoria Cilliers survived falling 4,000 feet (1,200 meters) in April 2015 by landing on a newly plowed field.   Prosecutors said the 38-year-old defendant was deeply in debt and wanted his wife's life insurance money to pay off his bills and start a new life with his lover.   Cilliers was sentenced Friday at W...Keep on reading: UK soldier gets 18 years for tampering with wife’s parachute.....»»

Category: newsSource:  inquirerRelated NewsJun 15th, 2018

Local stocks slump on peso weakness

The peso's depreciation to a 12-year-low against the US dollar ahead of a closely watched US Federal Reserve's monetary policy-setting dragged the local stock barometer down to the 7,600.....»»

Category: newsSource:  philippinetimesRelated NewsJun 14th, 2018

Team manager Dan Palami hopes new coach re-energizes Azkals

With new head coach Terry Butcher set to join the Azkals as they begin preparations for the upcoming 2018 AFF Suzuki Cup and the 2019 AFC Asian Cup, there are already expectations from the Philippine National Men’s Football Team moving forward. And from team manager Dan Palami’s side, he expects the former England skipper to re-energize the Pinoy squad as they get ready for what’s set to be a crucial pair of tournaments in the coming months. “I expect him to bring new energy, his leadership when he was a player and as a coach in his clubs will be infectious and will give the players the high that’s needed, rejuvenate them and get them to prove themselves in the competitions that are about to come.” Palami told ABS-CBN Sports. (READ ALSO: Azkals captain Phil Younghusband excited to learn from new coach) The arrival of Butcher signals the end of the Thomas Dooley era for the Azkals.  Dooley, who handled the Philippine National Team from 2014 to 2018, steered the Azkals to their biggest win yet, one over Tajikistan to secure their spot in the AFC Asian Cup for the first time in Philippine football history, in his final match with the team.  And while there was nothing but gratitude for what Dooley did with the team during his four year stint, Palami explains that changes needed to be made, even coming off the heels of the team's biggest victory in history.  "Believe you me, when everything seems to be looking up, then you have to prepare for that, because you usually see a lot of downs, but the good thing is, we’re up and down, up and down, but the general trend is going up." "We wanna make sure that that continues and even bring it up some more, and that’s why sometimes we have to make changes, it’s a catalyst that will make us perform better, I hope, because historically, that’s how it’s been. Everytime we make changes, people criticize it, people get anxious, but at the end of the day, we have shown that our perfomance has gotten better." Palami added.  Later this year, the Azkals will be participating in the Suzuki Cup, and it could be a shot at redemption after having crashed out of the semifinals in the tournament’s previous staging back in 2016. Barely two months after the Suzuki Cup, the Azkals embark on their most important journey yet, as they kick off their AFC Asian Cup campaign, the highest level they’ve ever been on. Being grouped with South Korea, China, and Kyrgyzstan in Group C, it’s definitely an uphill battle for the Azkals, given that the country is on the lower tier of the pool in terms of rankings. Palami says that defying the odds is nothing new to Butcher, who back in 2009 to 2013, took a relegated Inverness club back to the Scottish Premier League. “Let’s face it, the Philippines is not the most palatable country to coach, but I think with Coach Terry, he has been in similarly-situated conditions, although in club levels. When he was in Inverness, he achieved a great deal with such a small club with such a small budget.” “It’s kind of inspiring, it parallels the journey of the Azkals, na parang maybe he could do the same, and he’s shown that kind of spirit throughout these years, since that time. I’m looking forward to him sharing that experience and bringing that experience dito sa atin.” Palami added. With a new coach, a new coaching staff, and new beginnings, this could be the start of something grand for the Azkals. For Palami and the rest of the squad, it’s nothing but excitement for the coming months. “I think everybody’s excited. We look forward to the tandem of Terry and [Senior Football Adviser] Scott [Cooper] doing a lot for Philippine football and the Azkals.".....»»

Category: sportsSource:  abscbnRelated NewsJun 14th, 2018

P53-to-the-USD Barrier Breached, Stocks Dip

The Philippine peso slipped even lower, breaching the 53-to-the-greenback psychological barrier, while local stocks tumbled to the 7,600-mark on Wednesday. The local currency closed the day at 53.23 from the previous session’s finish of 52.95, thus weakening to an almost 12-year low since 2006. It opened the day at 53 and its intra-day low reached […].....»»

Category: newsSource:  metrocebuRelated NewsJun 14th, 2018

14-year-old Spanish motorbike rider dies after crash

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Category: newsSource:  philippinetimesRelated NewsJun 13th, 2018

DTI expects exports to recover in 2nd quarter

The Department of Trade and Industry (DTI) expects exports to recover in the second quarter of the year, even though April marked the fastest decline in 2018 so far. Senen Perlada, director of the Export Marketing Bureau at the DTI, cited the central bank's business expectations survey, which showed importers and exporters having an optimistic outlook for the second quarter. "Based on business expectations, importers and exporters are upbeat that the second quarter would [post] growth," he said. "We forecast electronics would continue on its growth trend, while non-electronics will start to recover." Since the start of the year, merchandise exports have seen a decline in sales w...Keep on reading: DTI expects exports to recover in 2nd quarter.....»»

Category: newsSource:  inquirerRelated NewsJun 12th, 2018

Pangasinan towns close fish pens to heal Kakiputan Channel

BOLINAO, Pangasinan --- The two towns in Pangasinan province, which lost P110 million due to the fishkill incidents last month, have stopped all fish pen operations to give Kakiputan Channel and other fish culture areas time to heal. On June 8, Mayor Arnold Celeste of Bolinao town ordered a two-year moratorium on all aquaculture operations at the channel in Barangays Luciente II, Culang and Luna, saying the fishkill was evidence that environmental damage on the waters needed time to be repaired. Suspension He also ordered the harvest of remaining stocks not later than Nov. 15. On May 31, Mayor Aldrin Cerdan of Anda town suspended fish stocking in all pens and cages in the...Keep on reading: Pangasinan towns close fish pens to heal Kakiputan Channel.....»»

Category: newsSource:  inquirerRelated NewsJun 11th, 2018

Recruit passes out at Army reception rites, dies

A 21-year-old candidate soldier died of heat stroke at the Ilagan Doctors General Hospital in Isabela on Friday within days of the start of his training......»»

Category: newsSource:  philstarRelated NewsJun 10th, 2018