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Analysts expect fresh 50bp rate hike

By Melissa Luz T. Lopez Senior Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) will likely raise interest rates by another 50 basis points (bp) this week, according to most analysts in a BusinessWorld poll, citing inflation fueled by damage from the storm that ravaged Northern Luzon the other week and unrelenting oil price hikes. All… link: Analysts expect fresh 50bp rate hike.....»»

Source: Manilainformer ManilainformerCategory: 4 hr. 1 min. ago Related News

UP Fighting Maroons wanted a win for suspended Perasol

MANILA, Philippines – As University of the Philippines (UP) coach Bo Perasol served his one-game suspension , all his players wanted was to notch a win for their beloved mentor.  But the Fighting Maroons paid the price for a slow start and eventually fell to the Far Eastern University (FEU) Tamaraws  to absorb their ........»»

Source: Rappler RapplerCategory: News11 hr. 14 min. ago Related News

Thriving trade in pirated reads vexes Moroccan bookshops

With a backpack filled with pirated books, Khalid wanders the streets of Rabat peddling cheap reads -- part of a flourishing black market eliciting howls of protest from bookshop owners. "It's true that it's not legal, but the price of these books attracts readers," said Khalid, 25, who hawks his wares at cafes in the Moroccan capital. A little more than a year ago, he sold pirated DVDs, but Khalid said that market was hit when it became possible to watch films on a smartphone. One of a large number of young Moroccans working informally in a country with high youth unemployment, he quickly found bookselling the only way to make a living. Along the main streets of Rabat's ...Keep on reading: Thriving trade in pirated reads vexes Moroccan bookshops.....»»

Source: Inquirer InquirerCategory: 13 hr. 1 min. ago Related News

Price spikes expected in Ompong aftermath

The rise in consumer prices further accelerated this month after the onslaught of Typhoon Ompong, prompting the Bangko Sentral ng Pilipinas (BSP) to deliver stronger monetary action this week......»»

Source: Philstar PhilstarCategory: Finance20 hr. 1 min. ago Related News

30 Teams in 30 Days: Jazz on upswing after postseason run

By Shaun Powell, NBA.com What offseason? That's a question many fans ask as the flurry of trades, free agent news and player movement seems to never stop during the summer. Since the Golden State Warriors claimed their third title in four years back on June 8 (June 9, PHL time), NBA teams have undergone a massive number of changes as they prepare for the season ahead. With the opening of training camps just around the corner, NBA.com's Shaun Powell will evaluate the state of each franchise as it sits today -- from the team with the worst regular-season record in 2017-18 to the team with the best regular-season record -- as we look at 30 teams in 30 days. * * * Today's Team: Utah Jazz 2017-18 Record: 48-34, lost in Western Conference semifinals to Houston Rockets Who's new: Grayson Allen (Draft) Who's gone: Jonas Jerebko, David Stockton The lowdown: Left woozy by the summer departure of free agent and franchise star Gordon Hayward, the Jazz gave the ball to a rookie and pulled a surprise by nearly winning 50 games and bouncing Oklahoma City Thunder from the playoffs. Their season was made more remarkable considering center Rudy Gobert played only 56 games because of knee issues. But Donovan Mitchell (20.5 points per game) was an unexpected savior and far better than anyone imagined. He won over his teammates and coach Quin Snyder quickly, then earned respect around the league for taking charge and also bailing out Utah in a number of close games, both rare for a rookie. Mitchell finished as the Kia Rookie of the Year runner-up. Snyder made good use of the rotation and found functional roles for most and the Jazz used Mitchell and defense to flourish. By the playoffs, Mitchell was arguably the best player on a floor that featured former Kia MVP Russell Westbrook and Paul George, and the Jazz entered the offseason feeling confident about the future. In 2016, the young Portland Trail Blazers made the playoffs, stunning the LA Clippers in the first round before giving the Golden State Warriors a feisty series in the semis. Encouraged by the bounce and swagger showed by an emerging club, the Blazers handed out contract extensions and … they haven’t done anything special since. In hindsight, every one of those extensions looks like a mistake. The lesson: Fool’s gold can sometimes, um, fool you. Are the Jazz headed down that path? The situations aren’t exactly the same, yet similar to a degree. Instead of going outside to make a few cosmetic changes to the rotation, Utah was mostly content to keep free agents Dante Exum and Derrick Favors, giving each contracts that were somewhat generous in a soft market that worked against most players. Exum signed for three years and a reported $33 million, or roughly the going rate for a backup point guard. But Exum’s run in Utah has been interrupted by injury and, even when healthy, his play was inconsistent. He perhaps earned the benefit of the doubt in the playoffs when he stepped in for an injured Ricky Rubio and had moments of solid play. Evidently, the Jazz feel Exum’s better days are just ahead. He’s only 23 and after investing so much time in him, Utah wasn’t ready to cut him loose. He brings great size (6-foot-6), is energetic, and point guard isn’t a Jazz strength. If nothing else, Exum gives Utah a sense of security. Favors is richer after signing a reported two-year, $36 million extension as no other team was willing to beat that price for him. The last two seasons weren’t exactly robust for Favors, who battled through injuries, sporadic play and found himself benched because of mismatches in today’s stretch-happy NBA. Favors has worked to develop more of a 3-point shot, but his lack of perimeter shooting was exploited by Houston in the playoffs. But as the case with Exum, the Jazz have years of player-development invested in Favors. As Utah’s longest-tenured player, Favors is a solid defender next to Gobert and the Jazz outscored their opponents by 7.2 points per 100 possessions with the two bigs on the floor together. And even though he’s seemingly been around Utah forever, Favors is just 27 years old. The decisions by the Jazz to maintain the status quo isn’t unusual with this franchise, which has long prided itself on stability and player development. Strangely enough, Mitchell claims to love life in the Wasatch Mountains -- something to remember when and if he ever reaches free agency (unlikely, since the Jazz will surely break the bank for him). Jazz GM Dennis Lindsey moved up to take Mitchell in the 2017 Draft and has a knack for finding talent in places where few others search. He has had a solid track record in the Draft and with the 21st pick took Allen. A year ago, the Duke shooter considered entering the draft, but got mild feedback from NBA types. Allen brings 3-point range to a team that ranked 13th in 3-pointers made and attempted last season. Unless he makes an impact right away, Allen will be in the back end of a rotation that showcases Joe Ingles for distance shooting. The trick for Utah is to match or surpass last season’s effort while catching no one by surprise this time. And the Jazz must do that with virtually the same cast as before. 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. .....»»

Source: Abscbn AbscbnCategory: Sports22 hr. 1 min. ago Related News

Bocaue police chief arrested for extortion

MANILA, Philippines – The police chief of Bocaue, Bulacan was arrested for extortion in an entrapment operation past midnight of Saturday, September 22. Police Superintendent Juwen Dela Cruz allegedly asked for an iPhone X worth P75,000 in exchange for the release of a confiscated vehicle. The Montero SUV, owned ........»»

Source: Rappler RapplerCategory: NewsSep 22nd, 2018Related News

Bulacan town cop chief jailed for extortion

BOCAUE, Bulacan - The chief of police of this Bulacan town was arrested for extortion in an entrapment operation on Saturday, following a complaint by a relative of an arrested drug suspect. Supt. Jowen Dela Cruz was caught with an iPhone X which he allegedly demanded from the sister of a suspect detained at the Bocaue municipal jail. Supt. Joel Estaris, deputy commander of the Police Counter-Intelligence Task Force (CITF), led the operation against Dela Cruz at the Bocaue police station at 12:07 a.m. The suspect's sister reached out to the CITF when told that she would need to hand over the P75,000-device in exchange for the suspect's release, Estaris said. Estaris said the ...Keep on reading: Bulacan town cop chief jailed for extortion.....»»

Source: Inquirer InquirerCategory: Sep 22nd, 2018Related News

NEDA backs state of calamity declaration in typhoon-ravaged areas

THE National Economic Development Authority (NEDA) backed the declaration of a state of calamity in regions affected by typhoon Ompong, as it would allow authorities to impose price ceilings on basic goods to help soften inflation in hard-hit areas. The post NEDA backs state of calamity declaration in typhoon-ravaged areas appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceSep 21st, 2018Related News

Price Hikes Test Once-Unshakable Popularity of Philippine President

MANILA, PHILIPPINES - As Philippines President Rodrigo Duterte heads into a third year in office, a spike in consumer prices is testing the popularity of the tough-talking leader, who is best known.....»»

Source: Manilanews ManilanewsCategory: NewsSep 20th, 2018Related News

Price Hikes Test Once-Unshakable Popularity of Philippine President

MANILA, PHILIPPINES - As Philippines President Rodrigo Duterte heads into a third year in office, a spike in consumer prices is testing the popularity of the tough-talking leader, who is best known.....»»

Source: Philippinetimes PhilippinetimesCategory: NewsSep 20th, 2018Related News

PSA: Farmgate palay price soars to P23/kg

THE farmgate price of palay (unmilled rice) rose to P23.04 per kilogram last week, a 1.32-percent increase from the P22.98 posted in the first week of September and a 17.43-percent surge from the amount a year ago, the Philippine Statistics Authority (PSA) said. Based on PSA data, the latest amount is the highest recorded for [...] The post PSA: Farmgate palay price soars to P23/kg appeared first on The Manila Times Online......»»

Source: Manilatimes_net Manilatimes_netCategory: NewsSep 20th, 2018Related News

Rice prices hit highest level; production target unattainable

Despite the continuous arrival of rice imports, the price of the commodity – the main staple among Filipinos – continues its upswing, hitting its highest level this month, the Philippine Statistics Authority (PSA) said......»»

Source: Philstar PhilstarCategory: NewsSep 19th, 2018Related News

Mar’s beta male moves

Mar Roxas posted an open letter to President Rodrigo Duterte on his Facebook page appearing to give advice on how to bring down the price of rice from P50 per kilo levels. Facebook friends who appear to be experts on rice prices applauded what they thought to be a gesture of concern from the failed […].....»»

Source: Tribune TribuneCategory: NewsSep 19th, 2018Related News

Phoenix agrees to freeze fuel price

Phoenix agrees to freeze fuel price.....»»

Source: Thestandard ThestandardCategory: FinanceSep 19th, 2018Related News

Inflation aggravated by weak peso but yearend relief coming, says BSP

Some of the price increases that have pushed the country's inflation rate to its highest in nearly a decade can be attributed to a weak peso, which has been on a downtrend since the start of t.....»»

Source: Philippinetimes PhilippinetimesCategory: NewsSep 19th, 2018Related News

4 bedroom House and Lot For Sale in Filinvest for 22,000,000 – Web reference 113150938 – Property for sale Philippines : Property24

Pre-selling House and Lot For Sale in Filinvest 2 Batasan Hills Quezon City Price: Php 22,000,000 DETAILS: Floor Area: 320 sqm Lot Area: 304 sqm 4 Bedrooms 5 Toilet and Bath 2 Car Garage Maid’s Room Family Room Powder Room Lanai with Big Garden LANDMARK: 5 minutes drive in SM Fairview,Commonwealth Hospital 10 minutes drive… link: 4 bedroom House and Lot For Sale in Filinvest for 22,000,000 – Web reference 113150938 – Property for sale Philippines : Property24.....»»

Source: Manilainformer ManilainformerCategory: Sep 19th, 2018Related News

Monitoring committee created to check rice prices in Davao City

DAVAO CITY (MindaNews / 18 Sep) – The City Government of Davao has created a body tasked to monitor the movement of price of rice in the city amid reports of uncontrolled and unmonitored price increases of the staple food. City Mayor Sara Duterte signed Executive Order 23 creating the Rice Supply and Price Monitoring […].....»»

Source: Mindanews MindanewsCategory: NewsSep 18th, 2018Related News

1 bedroom Condominium For Sale in Sun Valley for 1,267,500 – Web reference 113145111 – Property for sale Philippines : Property24

Acasys Prime 1 Residences Mary Mount Village Sun Valley Paranaque City Ready for Occupancy Studio 19.50sqm Computation: P1,267,500 Total Selling Price P132,387.50 Miscellaneous Charges P1,399,887.50 Total Contract Price P48,996.06 3.5% Down Payment to move in P10,000.00 Reservation Fee P38,996.06 Net DP 3 mos. to pay P12,998.69 monthly DP P1,350,891.44 Balance thru Bank Financing (China Bank)… link: 1 bedroom Condominium For Sale in Sun Valley for 1,267,500 – Web reference 113145111 – Property for sale Philippines : Property24.....»»

Source: Manilainformer ManilainformerCategory: Sep 18th, 2018Related News

DTI warns rice retailers vs price abuse

Trade Secretary Ramon Lopez on Sunday warned rice retailers they would lose their license if they sell regular and well milled commercial rice higher than their average price in the aftermath of Typhoon Ompong. The Department of Trade and Industry (DTI) will require retailers to sell rice cheaper, he said. Lopez gave the warning at […].....»»

Source: Tribune TribuneCategory: NewsSep 17th, 2018Related News

5 bedroom House and Lot For Sale in Quezon City for 21,000,000 – Web reference 113139038 – Property for sale Philippines : Property24

2 STOREY HOUSE & LOT FOR SALE FILINVEST 2, BATASAN HILLS, COMMONWEALTH AVENUE, QUEZON CITY (Near UP Diliman, Diliman Doctors, SM North EDSA & Trinoma Mall) Price : Php 21,000,000 (Negotiable) Lot Area : 240 sq.m Floor Area : 320 sq.m Bedrooms : 5 + Maid’s Room Toilet and Bath: 5 + Powder Room Car… link: 5 bedroom House and Lot For Sale in Quezon City for 21,000,000 – Web reference 113139038 – Property for sale Philippines : Property24.....»»

Source: Manilainformer ManilainformerCategory: Sep 17th, 2018Related News