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‘Trade tensions may weaken economic growth in Asia-Pacific’

Escalating trade tensions could “seriously undermine” consumer and investor confidence and weaken economic growth in the Asia-Pacific, the head of the Asian Development Bank (ADB) said here yesterday as he called for open trade and investment regimes......»»

Category: newsSource:  philstarRelated NewsMay 4th, 2019

The ten most intriguing NBA free agents for 2019

By John Schuhmann, NBA.com We knew that the postseason would affect free agency. But the idea was that the success or failure of certain teams would affect what their free agents' thoughts about staying or leaving. Unfortunately, the last two games of The Finals brought devastating injuries to two of the three most coveted free agents on the market. Kevin Durant, arguably the best player in the world, tore his Achilles in Game 5, just 12 minutes into his return from a calf injury. And Klay Thompson tore his ACL in Game 6. The two injuries will certainly have repercussions beyond the two players and the Golden State Warriors. Maybe they already have. With the Western Conference seemingly wide open next season, the Los Angeles Lakers have reportedly made a deal for Anthony Davis, sending a bevy of young players and future picks to New Orleans so they can team the 26-year-old star with 34-year-old LeBron James ... and maybe another star added in free agency. As always, the free agent market and the trade market are tied together. The pending Davis trade could affect the decisions of players and teams come July 1. And if teams miss out on the free agents they're seeking, they could always fill their cap space by making a trade. With all that in mind, the players listed below aren't necessarily the 10 best free agents (or potential free agents). They're the 10 (actually 12) most interesting in regard to where they're going and what kind of contract they get. For players to be on this list, there needs to be some intrigue regarding their (and/or their team's) decision this summer. That's why Thompson isn't included. 1. Kawhi Leonard, Toronto (Player option) Whether he leaves or not, trading for Leonard last summer was well worth it for the Raptors, who won their first championship, with Leonard averaging 30.5 points per game in the postseason. The Raptors' "load management" program (which limited Leonard to just 60 games in the regular season) clearly worked, and director of sports science Alex McKechnie should be seen as a major asset in the quest to keep Leonard in Toronto. There should be a "run-it-back" sentiment for the new champs, with Danny Green also a free agent and Marc Gasol holding a player option this summer. A short-term deal would make sense, unless Leonard is looking for long-term security, having missed almost all of the 2017-18 season with a leg injury. It's all up to Leonard, maybe the toughest player in the league to read. If he takes his two-way talent elsewhere, the Raptors may have to go in a new direction. Number to know: In the postseason, Leonard had a true shooting percentage of 69.1 percent, the highest mark for a player that averaged at least 30 points per game in the playoffs and won the championship. 2. Kevin Durant, Golden State (Player option) Durant's torn Achilles probably won't scare any team, including the Warriors, from paying him as much as possible. As deep and talented as this free agent class is, the top two guys on this list are in a class by themselves. Rumors have long had Durant ready to leave Golden State and even with his injury, he seems more likely than Thompson to find a new home. But an ESPN report had Thompson's father talking about "unfinished business" after overhearing a conversation between the two injured Warriors. Durant could always put free agency off for a year by exercising his player option and remaining on the Warriors' payroll through his rehab. Number to know: Durant was the first player in NBA history to average 30 points per game in at least 10 playoff games while shooting at least 50 percent from the field, 40 percent from three-point range and 90 percent from the free throw line. 3. Kyrie Irving, Boston The disappointment of the Celtics' season, along with Irving's questionable leadership with a group that underachieved, has taken some of the shine off his star. Irving's injury history also must be taken into consideration. But talent is the most important thing in this league and Irving is one of its most talented players. He's still just 27-years-old and he can still get buckets when buckets are needed. A return to Boston appears far less likely than it did six months ago (especially with Davis being traded elsewhere) and there have been a lot of signals that Irving is bound for Brooklyn. Number to know: In the regular season, Irving had an effective field goal percentage of 56.1 percent with the score within five points in the last five minutes of the fourth quarter or overtime, the second-best mark among player with at least 50 clutch field goal attempts. 4. Jimmy Butler and Tobias Harris, Philadelphia The Sixers lost to the eventual NBA champions on a Game 7 buzzer-beater that bounced on the rim four times before falling through. They're right there. But their starting lineup, which outscored its opponents by more than 21 points per 100 possessions in 334 total minutes (regular season and playoffs), includes three free agents. In regard to future assets, the Sixers didn't give up as much for Butler as they did for Harris. And of course, Butler has more baggage in regard to accepting his role. But, with his defense and his ability to get his own shot, he's is the most important of the three. Harris struggled a bit in the conference semifinals against Toronto and is the least important of the Sixers' three free-agent starters; J.J. Redick's shooting was clearly more critical in the postseason. But Harris isn't easily replaceable and he appears to be the most likely to leave, with a lot of teams looking for versatile forwards. Number to know: In the regular season, Harris shot 41.3 percent on pull-up three-pointers, the second-best mark among 69 players who attempted at least 100. 5. Kemba Walker, Charlotte Walker has expressed some level of loyalty to the Hornets. But immediately after the Davis trade was agreed to, there was a report that Walker would be a "top target" of the Lakers with their cap space. Walker would be an ideal offensive complement to James and Davis, in that he can play off the ball (though he shot less than 35 percent on catch-and-shoot three-pointers last season) and take some of the playmaking burden off of James' shoulders. The Hornets, meanwhile, would likely have a tough time upgrading their roster around Walker, with Nicolas Batum, Bismack Biyombo, Michael Kidd-Gilchrist, Marvin Williams and Cody Zeller all under contract next season for a total of $85 million. Number to know: Walker led the league with 126 field goal attempts with the score within five points in the last five minutes. That was 43 percent of the Hornets' total (295). His effective field goal percentage on those shots (49.6 percent) ranked 15th among 45 players with at least 50 clutch field goal attempts. 6. D'Angelo Russell, Brooklyn (Restricted) A finalist for the Most Improved award, Russell took a big step forward this season, both in regard to his production and his maturity. He earned himself an All-Star appearance and helped the Nets reach the playoffs with a 14-win increase from last season. He's only 23-years-old and is one of the league's most flammable shooters. But because he doesn't get to the basket or the free throw line very often, Russell is neither all that efficient (his true shooting percentage of 53.3 percent ranked 66th among 94 guards with at least 500 field goal attempts) nor consistent, and he struggled (shooting 36 percent) in Brooklyn's first-round loss to Philadelphia. If the Nets are targeting another ball-handler in free agency (with Caris LeVert and Spencer Dinwiddie already under contract), they'll probably let Russell head elsewhere. Number to know: In the regular season, Russell ranked second with 11.4 pick-and-roll ball-handler possessions per game. He scored 0.89 points per possession as a pick-and-roll ball-handler, the 26th best mark among 44 players that averaged at least five ball-handler possessions. 7. DeMarcus Cousins and Kevon Looney, Golden State Cousins hadn't made it back to 100 percent from his Achilles tear before he suffered a torn quad in his second career playoff game. He made it back for The Finals from that injury and showed flashes of his old self with 14 important points in the Warriors' Game 5 win and a big bucket in the final minute of Game 6. But he also struggled on both ends of the floor at times, and the Warriors were outscored with him on the floor in seven of his eight playoff games. Now he goes back on the free agent market with teams still not sure of what they're getting. Looney is an unrestricted free agent at 23-years-old, and he was the Warriors' most important center this season. The Western Conference champs have Looney's Bird rights, but they could also be spending a lot of money to retain Durant and Thompson (and possibly extend Draymond Green). Another team might have a larger role and more money for an improving young big. Number to know: In the regular season, the Warriors' lineup of Curry, Thompson, Durant, Green and Looney scored 121.5 points per 100 possessions and outscored opponents by 18.7 per 100. Those were the best marks for points scored and point differential per 100 possessions among 40 league-wide lineups that played at least 200 minutes together. 8. Malcolm Brogdon, Milwaukee (Restricted) The Milwaukee Bucks were the best team in the league through the first two games of the Eastern Conference finals. But, with four of their top eight players being free agents (or potential free agents) this summer, they have a lot of work to do if they want to keep Giannis Antetokounmpo surrounded by players who can get it done on both ends of the floor. Brogdon, Khris Middleton and Brook Lopez are the three key pieces. They're all due a pay raise and they all belong on this list. Brogdon is the restricted free agent, but he's also the youngest of the three (he'll be 27 in December) and the one that could be projected into a larger role on another team. Number to know: Brogdon shot 47.5 percent on catch-and-shoot three-pointers, the third-best mark among 223 players who attempted at least 100. 9. Julius Randle, New Orleans (Player option) After five years in the league, Randle is still just 24-years-old. So he's not necessarily a bad fit for David Griffin's plans for the future in New Orleans. But the Pelicans might not be ready to commit the money Randle is seeking (should he opt out of the final year of his contract) after averaging a career-high 21.4 points per game. Defense remains an issue, but Randle has expanded his offensive skill set; he was a respectable 34.4 percent from three-point range this season, taking 18 percent of his shots from beyond the arc (up from six percent over his three previous full seasons). Number to know: Randle averaged 13.2 points in the paint per game, seventh most in the league, and he made more three-pointers (67) than all but one of the six players in front of him. 10. Ricky Rubio, Utah According to Rubio himself, he's not Utah's top priority in free agency. He remains a good defender and one of the league's best passers, but the Jazz need to get more potent offensively if they're going to take the next step. At 31.1 percent, Rubio ranked 153rd in three-point percentage among 163 players with at least 200 attempts. There could be as many as 10 teams (not including the Jazz) in need of a starting point guard this summer, and Rubio could have more value on a team more in need of a distributor. Number to know: The Jazz were 5.8 points per 100 possessions better offensively with both Rubio and Donovan Mitchell on the floor (scoring 110.4 per 100) than they were with Mitchell on the floor without Rubio (104.6). John Schuhmann is a senior stats analyst for NBA.com. 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 NewsJun 17th, 2019

A just and living wage

I have been thinking of writing on this topic since three months ago when I heard Dr. Rong Qian of the World Bank give an economic briefing where she said that the high economic growth had not resulted in any meaningful reduction in poverty rate......»»

Category: newsSource:  philstarRelated NewsJun 16th, 2019

Global lender slashes 2019 growth projections

WASHINGTON, D.C.: The World Bank slashed its global growth forecasts for this year in a report released on Tuesday that portrayed a world gripped by deepening trade conflict, tumbling confidence…READ The post Global lender slashes 2019 growth projections appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 6th, 2019

World Bank slashes 2019 growth as global trade slackens

WASHINGTON, USA – The World Bank slashed its global growth forecasts for this year in a report released Tuesday, June 4, that portrayed a world gripped by deepening trade conflict , tumbling confidence, and increasingly skittish investment. Although the global development lender currently expects a modest recovery 2020 and ........»»

Category: newsSource:  rapplerRelated NewsJun 5th, 2019

Xi’s eye for beauty

The world is uptight over the increasing trade war tensions between China and the United States. Agence France-Presse reports that Kiron Skinner, a director of policy planning at the US…READ The post Xi’s eye for beauty appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 25th, 2019

PHL growth outlook eases with rest of the world

SIMMERING trade tensions between the world’s two biggest economies, the United States and China, will weigh on global economic prospects, the United Nations (UN) and the Organization for Economic Cooperation and Development (OECD) reported on Wednesday -- a factor that led Fitch Solutions Macro Research to slash its own gross domestic product (GDP) growth projection for the Philippines in particular for this year......»»

Category: newsSource:  bworldonlineRelated NewsMay 23rd, 2019

PSEi still vulnerable to selloffs

THE stock market remains susceptible to selloffs this week as trade tensions between the United States and China continue to worsen, according to an analyst. In a comment over the…READ The post PSEi still vulnerable to selloffs appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 20th, 2019

ONE Championship: Heading into cage return, Geje Eustaquio’s focus is on getting better

Former ONE Flyweight World Champion Geje “Gravity” Eustaquio has a great opportunity to get back on track this coming Friday, May 17th at ONE: Enter The Dragon in Singapore.   In his first match since dropping the title to Adriano Moraes in Manila back in September, the former flyweight king makes his return against South Korean Kyu Sung Kim.   And while Eustaquio’s journey back to the title could begin with a win against Kim, the Team Lakay star says that his only focus is on getting better.   “For now, ang nasa isip ko is to get better and better, and of course to implement yung gameplan na ginawa namin ni Coach Mark [Sangiao] and the rest of the team sa upcoming May 17,” Eustaquio told ABS-CBN Sports. “Yun lang muna ang nasa attention ko as of now.”   [RELATED: Geje Eustaquio hungry and motivated in comeback, says head coach]   Against the taller and younger Kim, Eustaquio faces a competitor who is a proven finisher, with seven of his nine wins coming via stoppage, five coming via KO or TKO.   Eustaquio, a gifted striker in his own right, welcomes the challenge that the South Korean possesses.   “Based sa mga nakita namin na competition niya, he’s more of a striker, most of his wins are via punches, so sa tingin ko it’s going to be a good fight.”   And while he’s more than willing to stand and trade with Kyu, Eustaquio isn’t afraid to take whatever opportunities that fight may present.   “Sa akin, I believe we have the best, world class striking in Team Lakay, we can do that, but of course, this is mixed martial arts, if you have the opportunity, you have to take it.” Eustaquio stated. “Sometimes, you have to focus on the game plan, but if you have the opportunity, why not take it? Capitalize on the opportunity and take the chance.”   Former ONE Flyweight World Champion Geje "Gravity" Eustaquio, who will be fighting on May 17th at ONE #EnterTheDragon in Singapore, sparring with Brave CF bantamweight Jeremy Pacatiw | @abscbnsports pic.twitter.com/RybPltvsuj — Santino Honasan???? (@honasantino) May 11, 2019   For the past few years, Eustaquio has enjoyed seeing his name on the marquee of ONE Championship cards, headlining his last four events all over Asia.   This time around, the 30-year old finds himself on the middle of the card, but maintains that this isn’t much of an issue to him.   After all, he’s been here before, he says.   “Sa akin, actually it doesn’t matter. It’s just another day in the office. I’ve been there for many times, it’s just another day in the office.”.....»»

Category: sportsSource:  abscbnRelated NewsMay 15th, 2019

Security Bank, AFFI Expo highlight Franchise Opportunities for SMEs

Security Bank and the Association of Filipino Franchisers, Inc. (AFFI) held the 17th Franchise and Business Expo at the World Trade Center in Pasay City. With over a hundred booth…READ The post Security Bank, AFFI Expo highlight Franchise Opportunities for SMEs appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 13th, 2019

World markets swoon after Trump threatens to hike China tariffs

BANGKOK - World markets swooned Monday after President Donald Trump threatened to increase tariffs on imports from China at a time when investors were expecting trade tensions to subside. The post Wor.....»»

Category: newsSource:  philippinetimesRelated NewsMay 7th, 2019

IBF champ Jerwin Ancajas to make ABS-CBN debut

Rising Filipino boxing star Jerwin “Pretty Boy” Ancajas can’t wait for the bell to ring this Sunday (May 5) when he defends his IBF Superflyweight world title against Ryuichi Funai of Japan.   The match will air LIVE from the Stockton Arena in Stockton, California, USA on ABS-CBN S+A and S+A HD at 10 am, to mark the Pinoy “Pretty Boy’s” debut in the country’s premier sports channel. “Being aired on the biggest network is a big opportunity. I'm sure that my family and friends in Davao will get to see my fight,” shared Ancajas to ABS-CBN Sports during his press conference in his Cavite gym last April 11 for the announcement of the partnership between ABS-CBN Sports and his promoters. Ancajas has been rampaging for the past two years, having defended his title successfully for six straight times. With a 30-1-2 record with 20 knockouts, the Filipino is banking once more on his skill and power to pull through Funai, who at age 33 has amassed a 31-7-0 record spiked with 22 knockouts.  The power-punching Japanese is also riding on a three-fight win streak via knockouts and looks to trade power shot with power shot with the Filipino rising star, who is coming off a competitive draw last September 28 against Alejandro Santiago Barrios of Mexico. Don’t miss the S+A debut of one of Pinoy boxing’s exciting fighters Jerwin Ancajas as he stakes his IBF Superflyweight Belt against Japanese pugilist Ryuichi Funai this Sunday (May 5). Watch the fight LIVE on S+A and S+A HD from the Stockton Arena in Stockton, California, USA at 10 am. For more stories about Jerwin Ancajas and boxing, head to sports.abs-cbn.com or follow @abscbnsports on Facebook, Twitter, and Instagram. For updates, follow @abscbnpr on Facebook, Twitter, and Instagram or visit www.abscbnpr.com......»»

Category: sportsSource:  abscbnRelated NewsMay 2nd, 2019

Matthews leads Mavericks to 98-87 win over T-Wolves

em>By Dave Jackson, Associated Press /em> DALLAS (AP) — Wesley Matthews scored 19 points and Dirk Nowitzki added 17 and the Dallas Mavericks beat the Minnesota Timberwolves 98-87 Sunday (Monday, PHL time). J.J. Barea scored 15 points for Dallas, and Deron Williams had 13 points and 10 assists. Gorgui Dieng scored 21 points and Andrew Wiggins had 19 for the Timberwolves, who had their three-game winning streak snapped. Dallas broke open a two-point game by closing the third quarter on an 11-4 run, then Barea scored his team's first nine points of the fourth quarter. His bank shot in the lane with 8:01 to go extended the Mavs' lead to 88-76. Seth Curry then scored the next five points with a triple and a fast-break layup to give Dallas its largest lead of the game. Seeking their first four-game winning streak since December 2012, the Timberwolves closed a 14-point, third-quarter deficit to as little as two. Dieng scored nine points in the quarter, making all four of his field-goal attempts. Nowitzki scored 10 points in a 17-4 run at the start of the second quarter, including seven straight to finish the run. His three-pointer as the trailer on a Mavericks' fast break gave Dallas its biggest lead of the half at 44-29. They led 56-47 at the break. strong>TIP-INS /strong> em> strong>Timberwolves: /strong> /em> Zach LaVine had missed the past two games with a hip bruise, but warmed up before the game and coach Tom Thibodeau declared him ready to go. He scored 11 points. em> strong>Mavericks: /strong> /em>The Mavericks announced the signing of guard Pierre Jackson to a 10-day contract. Jackson played for the Mavericks from Dec. 27 to Jan. 6 (Dec. 28-Jan. 7, PHL time), averaging three points, before being waived. Dallas also recalled forward Nicolas Brussino from the Texas Legends of the NBA Development League, where he was averaging 16 points and eight rebounds. strong>PEER RECOGNITION /strong> As head of the National Basketball Coaches Association (NBCA), Dallas coach Rick Carlisle talked about the association's announcement of the Michael H. Goldberg NBCA Coach of the Year Award. The award will be the only one chosen by an NBA coach's peers and will be announced at the end of the regular season. Goldberg was the first executive director of the NBCA. 'Michael Goldberg is a beloved figure in the coaching world,' Carlisle said. 'We felt it was time to honor the work that he's done. This is a unique award because it's going to be voted on by peers only. It will have a little extra meaning for coaches. It's really time for something like this to happen.' strong>UP NEXT /strong> em> strong>Timberwolves: /strong> /em>Stay in Texas with a visit to San Antonio on Tuesday (Wednesday, PHL time). em> strong>Mavericks: /strong> /em> Visit Chicago on Tuesday (Wednesday, PHL time) for the first of a two-game road trip. .....»»

Category: sportsSource:  abscbnRelated NewsJan 15th, 2017

Natural disasters push 26M into poverty annually – World Bank

Natural disasters push 26M into poverty annually – World Bank.....»»

Category: newsSource:  rapplerRelated NewsNov 15th, 2016

Almost 385-M children living in extreme poverty — World Bank & UNICEF study

UNITED NATIONS -- Children are more than twice as likely as adults to live in extreme poverty, the World Bank Group and the UN Children's Fund (UNICEF) said in a press release here Tuesday......»»

Category: newsSource:  mb.com.phRelated NewsOct 5th, 2016

Children suffer most from extreme poverty — report

UNITED NATIONS — Nearly one fifth of children in the world's developing countries are living in extreme poverty, according to a new report by the World Bank Group and UNICEF......»»

Category: newsSource:  mb.com.phRelated NewsOct 4th, 2016

World Bank: Inequality threatens fight against extreme poverty

World Bank: Inequality threatens fight against extreme poverty.....»»

Category: newsSource:  rapplerRelated NewsOct 3rd, 2016

Inequality threatens fight against extreme poverty – World Bank

WASHINGTON: Extreme poverty has been falling steadily around the world, but eliminating it by 2030 could be stymied by unequal distribution of the gains of economic growth, the World Bank said Sunday. Unless the gains of growth are steered better to those.....»»

Category: newsSource:  manilatimes_netRelated NewsOct 3rd, 2016

World Bank to step up collaboration with Duterte admin

DAVAO CITY (MindaNews / 18 Sept) &'8212; The World Bank has signified interest to step up its collaboration with the Philippine government specifically on agriculture, peace process, and affordable housing to address poverty and generate “meaningful.....»»

Category: newsSource:  mindanewsRelated NewsSep 18th, 2016

Markets rise as investors await Yellen speech

World markets ventured higher on Tuesday, as eurozone data encouraged a measure of optimism and anticipation built for a speech due Friday from the head of the US central bank......»»

Category: newsSource:  mb.com.phRelated NewsAug 24th, 2016