Economists see high probability of inflation breaching 2018 target

Inflation may exceed the central bank’s two to four percent target for 2018 due to the implementation of the tax reform law, according to a survey conducted by the Bangko Sentral ng Pilipinas (BSP)......»»

Source: Philstar PhilstarCategory: Finance34 min. ago Related News

Brownlee’s 46 propels Alab Pilipinas to 1-0 lead in ABL Finals

STA. ROSA --- Justin Brownlee carried San Miguel Alab Pilipinas to a thrilling 143-130 overtime victory over Mono Vampire to draw first blood in the best-of-five 2018 ASEAN Basketball League Finals Sunday at Sta. Rosa Multipurpose Complex here. The do-it-all forward set the new ABL Finals record with his 46 points, 10 of which came in the extra period where Alab Pilipinas blew the game wide open after rallying back late in regulation. With the home team staring at a 120-116 deficit in the last 19.3 seconds of the fourt, Brownlee showed his never say die spirit, first drilling a trey to cut the deficit to one with 15.1 on the clock. His foul led to a Michael Singletary split ...Keep on reading: Brownlee’s 46 propels Alab Pilipinas to 1-0 lead in ABL Finals.....»»

Source: Inquirer InquirerCategory: 4 hr. 8 min. ago Related News

Brownlee drops 46, ties Balkman s scoring record in Alab s Game 1 win

STA. ROSA, Laguna – Justin Brownlee unleashed 46 points to power San Miguel Alab Pilipinas past Thailand's Mono Vampire in a high-scoring overtime thriller, 143-130, in the Asean Basketball League (ABL) finals at the Sta. Rosa Multi-purpose Complex, Sunday, April 22.  Brownlee tied the playoff scoring record owned by teammate Renaldo Balkman, who ........»»

Source: Rappler RapplerCategory: News4 hr. 21 min. ago Related News

Budding Sixers take control of series in Miami

By Shaun Powell, MIAMI — Back in 2014, when the Miami Heat were wrapping up their championship-fueled era, the Philadelphia 76ers began plotting their own. And they did it unconventionally, laughably and by any measure, dreadfully. It was Year One of the most ambitious rebuilding plan before or since, when the Sixers willingly laid down and became a doormat and allowed other teams to wipe their sneakers on them. That season, while LeBron James and Dwyane Wade and Chris Bosh cruised to a fourth straight appearance, and their last together, in the NBA Finals, the Sixers lost 63 games. And then they got better at this tanking technique and lost 64 and 72 the next two years. But fast-forward to now, to Saturday (Sunday, PHL time) at American Airlines Arena, and the roles with the Heat and Sixers are threatening to flip. Maybe not so drastically, but it’s clear through four games of this first-round playoff series that the Sixers are going one way and the Heat another. The Sixers have Ben Simmons and Joel Embiid, a pair of young bedrocks slowly building something with the potential to be big. The Heat? They have banners in the rafters commemorating what they used to be, not so long ago. Philly also has something else on Miami, namely a 3-1 series lead after Simmons became the first rookie since Magic Johnson to drop a triple-double in a playoff game and Embiid fought through a poor shooting game and an irritating protective mask to spook any Heat player that challenged him at the rim. It was the Sixers who made all the right plays in the final crucial moments in the 106-102 win, getting key stops and buckets and pulling away, a team with a young core turning mature, and doing it rapidly, despite their lack of post-season experience. And having a front-row seat to this new Process was none other than Wade, a proud if aging member of the extinct Big Three who realizes something unique is happening with the Sixers. “This is a very good team,” said Wade. “They’ve got talent at almost every position. This is definitely one of the best first-round opponents I’ve played in my career.” Are the Sixers all that, already? “They’re good,” said Wade. “They’re special. They put the right team together.” Yes, they have. Maybe it wasn’t properly done in the spirit of competition, and perhaps they embarrassed themselves if not the league while doing so, but that’s all behind the Sixers right now. What’s ahead of them is a potential series-clinching Game 5 in Philly and from there, who knows? Yes, the core of the Sixers is Simmons, Embiid and Dario Saric, all under 25, and in the playing rotation only JJ Redick and Marco Belinelli earned any significant playoff money. But if a young team is ever going to reach the NBA Finals, this is the right time, and this is the right team. Just look at the wide-open landscape in the East: LeBron and the Cavaliers, winners of the last three East titles, are down 2-1 to the Pacers and haven’t appeared this fragile since LeBron returned to Cleveland. The Celtics are missing Kyrie Irving and Gordon Hayward. Toronto is the No. 1 seed in the East but inspires few outside Canada. Why not the Sixers? Why not now? Simmons is lacking a jump shot and little else, and still manages to score anyway. His direction of the club in the fourth quarter of Game 4 was near-masterful; Simmons stayed poised, found the open man and popped the Heat’s comeback hopes with an uncontested dunk when Miami pulled within a point. Embiid couldn’t hit a shot and yet didn’t fall into a funk; rather he terrorized Miami by being a defensive force, punctuated by his spike of a Goran Dragic late-fourth quarter breakaway layup attempt (followed by an Embiid stare down). “They make you pay every time you make a mistake,” said Wade. Speaking of which, the Sixers had 27 turnovers, certainly the recipe for disaster, and still found a way. In the words of coach Brett Brown: “I’m surprised we won this game. We really didn’t have any right to win this game.” But maybe it’s just additional proof that this is Philly’s time. It’s quite a contrast to the ex-bully on the block. Four years after LeBron made the second biggest decision of his life, the Heat are still searching for the identity they had when the champagne flowed, and the party rolled on South Beach. The only reminder is Wade, and at age 36 he’s only capable of having flashes now, like his 28 points in Game 2 and an impressive 25-point follow up Saturday that was marred only by a missed free throw in the final seconds. Besides that, there’s nothing special. Pat Riley’s latest attempt to recreate a winner is looking dubious right now. Riley decided two summers ago to build the Heat around a seven-foot center with low post-skills, which means Riley gave a $100 million to a dinosaur. And one with a decaying relationship with coach Erik Spoelstra. Hassan Whiteside can’t get on the floor in today’s NBA, where small-ball makes him a liability in certain situations. With no shooting range, and perhaps no incentive to develop one, Whiteside finds himself on the bench in fourth quarters and on the nerves of Spoelstra. “He’s a prisoner of the style of play,” said Brown. Plus: Riley also paid Josh Richardson, James Johnson, Tyler Johnson and Kelly Olynyk. Which means the Heat are almost guaranteed to be a 43-win team fighting for the final playoff spot for the next few years. When the Heat searched for someone to bail them out Saturday (Sunday, PHL time), who did they turn to? An aging All-Star who’s on the downside, which says something about Wade … and the Heat’s roster. “He ended up being our best option,” said Spoelstra. There’s another path the Heat can take, of course. They could follow the current Hawks, Nets, Lakers and Magic, who all took their cues from the 2014 Sixers, and take a few steps back before moving forward. But that’s not a fool-proof plan — have you seen the Magic the last few years? — and besides, losing by any means isn’t in Riley’s DNA. So, mediocrity it is, then. Meanwhile, the Sixers have Embiid and Simmons and if you ask fans in Philly, they’d say it was well worth the steep price, in terms of the misery of tanking, paid for them. “They’re two players that have the chance to be great,” said Brown. “Joel has no right to be doing some of the things he does. Ben’s composure down the stretch is amazing. Those two are exceptional.” What the Sixers just did was win a pair in Miami, under the banners that hung over them, was fly in the face of basketball convention which says youth doesn’t get served in the post-season. They can close out at home and then get the survivor of Celtics-Bucks, and Philly can expect to be the favorite in that conference semifinal. “I can see how much we’ve grown and how much more room we have to grow,” said Brown. “To come here and get a win, in this building, against an organization of winning and culture and history, it’s special.” There’s another story here: If the Sixers eliminate the Heat, then it could be curtains for Wade, who doesn’t have a contract for next season, who hasn’t committed to playing beyond this season, and who paused suspiciously for about three seconds when asked if Saturday was his final game in Miami. “I don’t want to answer that right now,” he said. Whether he sticks around or takes the sunset cruise, Wade must realize that a transformation is taking place in the East. After years of deliberately bad basketball the Sixers are finally bearing fruit, and oh, speaking of food, Wade and the Heat can chew on this for a minute: The Sixers have room under the salary cap to give Embiid and Simmons some help next season. LeBron James, free agent-to-be, might reach the conclusion that the Sixers are his best championship option. 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: Sports9 hr. 21 min. ago Related News

Never Say Die: Paul Zamar’s PBA Dream lives on

It was August 19, 2012. Former University of the East gunner Paul Zamar seemingly fulfilled his life’s dream when his name was announced as the 35th overall pick in the 2012 PBA Draft. Selecting him was the league’s most popular team, Barangay Ginebra San Miguel. But, soon after, that same team that picked him, would let him go, unsigned. This is the predicament that many basketball players in the Philippines face as there are only so many roster spots available in the country’s first professional basketball league. Competition is extremely stiff and the careers of those players who get drafted but are unable to crack the roster usually suffers an early death. But, this has not been the case for Zamar, whose love for the game is deeply rooted. Zamar was born on October 20, 1987 in Mandaluyong. As a youngster, he was immediately exposed to the game because of his father, Boycie, an accomplished coach and basketball great. “I watched my father play in the PBL for Burger Machine where he shot the championship winning free-throws. I thought basketball was the greatest thing to do and that’s where it all began,” recalled the younger Zamar. He made his first varsity team as a freshman in San Beda High School, playing behind the likes of JVee Casio and James Martinez. Zamar would later transfer to the University of the East, where he played in the UAAP Jrs. Basketball tournament from 2003 to 2005 before moving up to the college ranks to play for the Red Warriors, the team of his father’s alma mater. It was in UE where Zamar made a name for himself as one of the league’s deadliest snipers. He also showed his versatility by being able to play point guard and taking on the challenge of defending the opposing team’s primary ball handler. Upon graduating from UE, Zamar would play in the PBA D-League for Blackwater Elite before that fateful day he was drafted. Being left out the roster did not discourage Zamar, as he went on to play an additional four years in the PBA-D-League for Cebuana Lhullier and Café France before deciding to take his talents overseas in 2017. Nowadays, the 5’11” Zamar, who is now 30 years old, has established himself as the starting shooting guard of the Mono Vampire Basketball Club in the ASEAN Basketball League. He is currently averaging 16.1 PPG and is shooting 39% from beyond the arc as the team’s Heritage Import. Although he’s been living in Thailand for over 18 months now, Zamar says it’s all part of being a professional in the world of basketball. “It’s a humbling experience (life in Thailand). First time living and doing everything by myself. Loneliness is always your enemy. I’m far away from my wife and my family. Sometimes, I wake up in the middle of the night thinking about my family in the Philippines,” shared Zamar. For any Filipino, making an impact in a foreign setting is a huge accomplishment. But, somewhere deep inside his heart, Zamar still feels that burning desire to return home and play the game at the place where he first fell in love with it. “I still have in me my PBA dream and it motivates me to just keep on playing. I believe na may purpose si Lord bakit dito niya ako nilagay. And wherever I am, I make sure I always give my best and keep improving myself,” said Zamar. Tonight, at the Sta. Rosa Multi-Purpose Complex in Sta. Rosa, Laguna, Zamar will have another opportunity to show the entire country his worth as his Mono Vampire Basketball Team takes on San Miguel Alab Pilipinas in Game 1 of the best-of-five Finals series in the 2017-18 ABL season. “We will play hard for 40 minutes. We know that we are the underdogs given the fact that we’re playing against ex-PBA and National Team Players and top caliber PBA Imports. But, we will leave everything on the basketball court and give the fans a great series,” promised Zamar. Six years ago, Zamar could’ve just easily given up and kissed basketball goodbye. But, ironically, he lives by the exact same mantra of the PBA team that drafted him: Never Say Die. There’s no telling how much longer Zamar will play professionally. Or if he will ever make it to the PBA. But, right now, his basketball career is very much alive with Mono Vampire.    .....»»

Source: Abscbn AbscbnCategory: Sports9 hr. 21 min. ago Related News

San Miguel Alab Pilipinas, Mono Vampire start title series

San Miguel Alab Pilipinas and Mono Vampire, with its 7-foot-5 behemoth Sam Deguara, begin their ABL best-of-five title series tonight at the Sta. Rosa Multi-Purpose Complex in Sta. Rosa, Laguna......»»

Source: Philstar PhilstarCategory: Sports16 hr. 47 min. ago Related News

Go helps fishermen detained in Indonesia

President Rodrigo Duterte’s special assistant Christopher Lawrence “Bong” Go on Saturday pledged assistance and support to Filipino fishermen detained in Indonesia. Go made the pledge a day after welcoming 31 fishermen repatriated from Indonesia on Friday in Davao City. “Natutuwa ako sa pagsisikap ng ating gobyerno na maibalik sa Pilipinas ang ating mga kababayang Pilipino [...] The post Go helps fishermen detained in Indonesia appeared first on The Manila Times Online......»»

Source: Manilatimes_net Manilatimes_netCategory: News17 hr. 34 min. ago Related News

BSP launches platform for real-time epayments

Consumers can now make real time electronic payments with the launch of another automated clearing house as the Bangko Sentral ng Pilipinas (BSP) continues to pursue a safe, efficient, and reliable digital payment system......»»

Source: Philstar PhilstarCategory: FinanceApr 21st, 2018Related News

Ateneo Blue Eagles topple Rivero-led Gilas cadets in Filoil

MANILA, Philippines – The Ateneo de Manila University Blue Eagles spoiled the party of the debuting Gilas Pilipinas cadets following a 75-69 victory in the opening day of the Filoil Flying V Premier Cup at the Arena in San Juan on Saturday, April 21.  Thirdy Ravena turned in an ........»»

Source: Rappler RapplerCategory: NewsApr 21st, 2018Related News

PBA Board finish up 'productive' meeting in Hong Kong

The PBA Board of Governors convened for nearly three hours to take up critical issues in a meeting at the Marco Polo Hotel in Hong Kong last Thursday.  League commissioner Willie Marcial described the meeting as "productive" and said it will replace the regular session in the fourth Thursday of this month. PBA chairman Ricky Vargas and TNT alternate governor Patrick Gregorio arrived in Hong Kong late Wednesday from Bangkok where they attended an Olympic Council of Asia conference.  Vargas is concurrently the POC president and Gregorio, the POC secretary-general. It was a complete attendance when the Board met last Thursday afternoon. One of the key points of discussion was the PBA's participation in the FIBA 3x3 World Cup scheduled at the Philippine Arena on June 8-12.  SBP president Al Panlilio, who represents Meralco in the PBA Board, said the Philippine lineup will be disclosed before the end of the month.  A pool of players will be named along with the head coach.  Only four players will comprise the final roster. The Board also took up the recommendations of the PBA Competition Committee that met in the PBA office last Tuesday.  It approved the reduction of the 30-second timeout from three to two or one per half and allowing the touching of the backboard while attempting to block a shot.  Previously, it was an automatic goaltending call if a player made contact with the backboard in trying to block a shot.  However, a goaltending call will be made if a player makes contact with the backboard with no attempt to block in a shooting situation.  Regarding contact with the net on a shot attempt, the Board ratified the Committee's recommendation to call a goaltending only if the net is pulled so as to obstruct the conversion. Additionally, the Board designated Alaska governor Dickie Bachmann and legal counsel Melvin Mendoza to confer with former PBA players on the proposed partnership of the newly-organized foundation Samahan Ng Dating Propesyonal na Basketbolista ng Pilipinas. Marcial had previously met with officers of the foundation, including Atoy Co, Philip Cezar, Ed Cordero, Allan Caidic, Alvin Patrimonio and Art dela Cruz to discuss ways of assisting former PBA players who are in dire need of medical care......»»

Source: Abscbn AbscbnCategory: SportsApr 21st, 2018Related News

EXPLAINER: Paano nakakaltasan ng boto sa recount si Robredo?

MAYNILA, Pilipinas – Hiniling kamakailan ni Bise Presidente Leni Robredo sa Korte Suprema na pigilan ang "sistematikong pagbaba" (systematic decrease) ng mga boto niya sa muling pagbilang ng mga boto niya noong 2016 kaugnay ng election protest na isinampa ni dating senador Ferdinand Marcos Jr. Nagsimula na raw bumaba ang mga boto ........»»

Source: Rappler RapplerCategory: NewsApr 21st, 2018Related News

Ex-pros power Athletics to inaugural MPBL crown

Former PBA cagers Val Acuña, Lester Alvarez and Jhaymo Eguilos took charge in the stretch as Batangas City survived Muntinlupa, 68-66, to become the first Maharlika Pilipinas Basketball League-Anta Rajah Cup champion at the jampacked Muntinlupa Sports Complex late Thursday......»»

Source: Philstar PhilstarCategory: SportsApr 21st, 2018Related News

LOOK: Comelec begins simulation of 2018 Barangay, SK polls

The Commission on Elections (Comelec) on Saturday kicked off the simulation of the 2018 Barangay and Sangguniang Kabataan (SK) elections at the Rosauro Almario Elementary School in Tondo, Manila. The Comelec scheduled the simulated voting from 7:00 a.m. to 10:00 a.m. at two precincts. At least 100 voters, including youth and senior citizen voters, were set to participate in the mock polls. Voters aged 15 to 17 were only be given SK ballots, while those aged 18 to 30 were given two ballots---one for SK and the other for Barangay---since they were eligible to vote for both polls. Voters aged 31 and above were only given Barangay ballots. After the voting simulation, the Co...Keep on reading: LOOK: Comelec begins simulation of 2018 Barangay, SK polls.....»»

Source: Inquirer InquirerCategory: Apr 21st, 2018Related News

PH payments gap narrows in March

The Philippines posted a narrower balance of payments (BoP) deficit in March but the shortfall was still the highest in four months, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. March’s deficit of $266 million was smaller than the $429 million and $550 million recorded in February and a year earlier, respectively. “Outflows in March 2018 stemmed mainly from foreign exchange operations of [...] The post PH payments gap narrows in March appeared first on The Manila Times Online......»»

Source: Manilatimes ManilatimesCategory: Apr 21st, 2018Related News

Banks hit households with tighter lending rules

Banks on the whole maintained lending standards for businesses but tightened these for households during the first quarter, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. “The unchanged credit standards for business loans was largely attributed to respondent banks’ steady outlook for the economy as a whole and for major industries, as well as [...] The post Banks hit households with tighter lending rules appeared first on The Manila Times Online......»»

Source: Manilatimes ManilatimesCategory: Apr 21st, 2018Related News

BSP policy stance ‘remains appropriate’

Monetary policy in the Philippines remains appropriate, the country’s central bank chief said on Friday amid market developments and continued observations that a tightening was overdue. “In my view, the sum of BSP actions remain appropriate for the situation,” Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. told reporters when asked to comment on surging [...] The post BSP policy stance ‘remains appropriate’ appeared first on The Manila Times Online......»»

Source: Manilatimes ManilatimesCategory: Apr 21st, 2018Related News

Balance-of-payments gap nearly halved in March

THE Philippines’ external payments position saw a smaller deficit in March, but first-quarter gap was still bigger than a year ago, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. The country’s balance of payments (BoP) position settled at a $266-million deficit last month, improving from a $429-million deficit in February and a $550-million shortfall […] The post Balance-of-payments gap nearly halved in March appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsApr 20th, 2018Related News

Central bank seeks to assure amid market turbulence

CURRENT monetary policy settings remain appropriate despite some turbulence in local financial markets, the Bangko Sentral ng Pilipinas (BSP) chief said on Friday. “We have to look at the fundamental drivers and not be too quick to play the blame game,” BSP Governor Nestor A. Espenilla, Jr. said when asked about policy direction in the […] The post Central bank seeks to assure amid market turbulence appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsApr 20th, 2018Related News

Higher dollar outflow widens balance of payments gap in first quarter

More dollars continued to flow out of the Philippines as the country’s balance of payments position exceeded the full-year deficit target set by the Bangko Sentral ng Pilipinas in the first quarter......»»

Source: Philstar PhilstarCategory: FinanceApr 20th, 2018Related News

SEC clears Credit Suisse rep office in Philippines

Credit Suisse has received a licence from the Securities and Exchange Commission and regulatory approval from Bangko Sentral ng Pilipinas to establish a representative office in the Philippines for its wealth management business......»»

Source: Philstar PhilstarCategory: FinanceApr 20th, 2018Related News