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Cong. Tolentino to lobby return of slashed 2020 PSC budget

Philippine Olympic Committee president and congressman Bambol Tolentino will lobby in the House of Representatives the return of the funds slashed from the national sports agency brought by the coronavirus (COVID-19) pandemic. The Philippine Sports Commission was among the government agencies instructed by the Department of Budget and Management to slice its 2020 budget by more than half. The PSC returned P700 million out of its P900 million budget to be used in the fight against the deadly virus.    PSC’s other source of fund was also severely hit by the health crisis with the dwindling remittance from the Philippine Amusement and Gaming Corporation as most of the country put under community quarantine, forcing the agency to do belt-tightening measures including slashing the national athletes’ allowances in half. Tolentino told reporters on Monday via Zoom press conference that PAGCOR has resumed its remittance. “Nag-remit na ang PAGCOR ulit. I don’t know kung mako-cover na ‘yung portion ng month na nabawasan na ang allowances,” he said. However, anticipating that the remittance won’t be enough, Tolentino announced that he will lobby in Congress the return of the diverted PSC budget. “Pero kung ‘di man ma-cover (ng PAGCOR remittance), my announcement is, not as POC president, but as a member of the House of representative, we will try to give back the amount that was taken from the PSC national development fund na ibinalik sa national treasury for the COVID-19 use. Amounting to P700 million,” said the representative of the eighth district of Cavite. Athletes are set to have their allowances cut in half starting July. “So kung ‘yun lang ang kailangan para maibalik o ma-sustain ang mawawala we will try in the House of Representatives I will lobby for it. We will try to return it in this coming second Bayanihan extension act to return the amount given to the national treasury because of the COVID-19,” said Tolentino. “Para lang ‘wag mabasawan o maibalik, para lang complete ang allowances again ng mga athletes.” The lawmaker added the athletes who brought honor and pride to the country including copping the overall championship in the 2019 Southeast Asian Games held in the country deserve to receive full financial support from the government even amid this crisis. “Ang point ko rito kasi baka di alam ni Pangulong (Rodrigo) Duterte na tinamaan ‘yung mga national athletes, ‘yung mga allowances. Baka kapag nalaman niya, ‘Huh? After giving pride and glory being overall champion sa SEA Games tapos tatamaan din sila, yung mga frontliners natin sa sports,’” he said. “Pipilitin naming ibalik ang amount na ‘yun,” added Tolentino.      --- Follow this writer on Twitter, @fromtheriles.....»»

Category: sportsSource: abscbn abscbnJun 22nd, 2020

Congress promises PSC funding for Tokyo Olympics

Lawmakers promised to heed the Philippine Sports Commission’s call for financial support for the Tokyo Olympics next year. Congressmen who are members of the Committee on Youth and Sports Development gave a positive response when the government’s sports arm lobbied for Tokyo 2021 budget in the House of Representatives.   "Rest assured that we will do our part to get the funding for this Olympics. All hands are in. Dapat lahat tayo dito. This is the best chance we have," said committee head Rep. Eric Martinez. He added that they would discuss the matter with the Department of Budget and Management and schedule it the soonest time possible because the athletes "need that budget for the Olympics." PSC Chairman William 'Butch' Ramirez during the regular committee meeting on Wednesday bared the sports agency's need for its slashed funds to continue supporting the training and competitions of Tokyo Olympic Games qualifiers and hopefuls vying for slots.   "We were one of those government offices who also contributed to the Bayanihan Act. The DBM deducted from us. Para sa amin malaking bagay 'yun kasi kasama doon 'yung Olympic budget namin. Hanggang ngayon po bakante 'yan. It's an opportunity for us to ask, we need your help," expressed Ramirez. After presenting the Olympic budget request of more than P182 Million for Tokyo-bound athletes and hopefuls made by Chef de Mission (CDM) Mariano Araneta to the PSC, the sports agency chief highlighted the push Congress can give to the country's Olympic dream.     "Rep. Bambol Tolentino has initially supported ‘yung P180 million na allowances ng atleta which was approved by the bicam, and to be approved by the President. Thank you sa lahat ng congressman na sumuporta. Pero 'yung Olympic budget namin, we are hoping again for your support," said Ramirez. The PSC chief informed the body that "the Philippine Sports Commission is operating on the savings coming from PAGCOR (Philippine Amusement and Gaming Corporation)" and that "when we talk about the elite athletes of the national team, the budget being used is the NSDF (National Sports Development Fund)” prompting PSC to lessen grassroots sports program related to local government units. "Dito kami naka-focus sa elite athletes. We still have some budget just enough for us to reach December," admitted Ramirez in his response to Committee Vice-Chair Jericho Nograles' inquiry on the PSC's funds. To aid in the government’s effort to address the coronavirus (COVID-19) pandemic, P596 million from the National Sports Development Fund and another P773 million from the General Appropriations Act by the DBM was slashed from the PSC’s budget. Gymnast Caloy Yulo, pole vaulter EJ Obiena and boxers Irish Magno and Eumir Marcial already qualified for the Summer Games. Eighty-two more hopefuls are training to earn spots in the Tokyo Olympics.   .....»»

Category: sportsSource:  abscbnRelated NewsAug 27th, 2020

PSC, POC to seek IATF ok for Olympic hopefuls

The Philippine Olympic Committee (POC) and the Philippine Sports Commission (PSC) said on Wednesday, July 8, 2020, they will now move to seek the approval of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) for national athletes—especially Olympic hopefuls—to return to training. POC president Abraham “Bambol” Tolentino said the local Olympic […] The post PSC, POC to seek IATF ok for Olympic hopefuls appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJul 9th, 2020

Wong, Viray join ChocoMucho

Prized setter Deanna Wong and Caitlin Viray are now ready to take flight for the ChocoMucho Flying Titans. The Flying Titans made a recruitment coup as they officially introduced the two college standouts Sunday evening through their official Twitter account. ChocoMucho has been shoring up its lineup in time for the Premier Volleyball League Season 4, which is set to hold its Open Conference late this year if the current health crisis improves. Everything is SET. Bet you all saw this coming! Let’s all welcome Deanna Wong as she officially joins the Choco Mucho Flying Titans family! ???????? ???? @deannawongst #ChocoMucho #FlyingTitans #TitanPride pic.twitter.com/wTosQKicEe — Choco Mucho Flying Titans (@CMFlyingTitans) June 28, 2020 My oh my! It’s Caitlyn Viray! Welcome to the Choco Mucho Flying Titans family! We can’t wait to soar with you on the court! ???????????? #ChocoMucho #FlyingTitans #TitanPride pic.twitter.com/cMBVdWbsJ3 — Choco Mucho Flying Titans (@CMFlyingTitans) June 28, 2020 The ‘face reveal’ came two weeks after then team gave fans a teaser of its newest members. [Related story: Flying Titans to name newest members] ChocoMucho, which finished seventh out of nine teams last year in its debut in Season 3 Open Conference, earlier welcomed the arrival of veteran libero Denden Lazaro. Wong helped Ateneo de Manila University capture the UAAP Season 81 women’s volleyball title while Viray played a crucial role in University of Sto. Tomas’ return to the Finals after an eight-year drought. Wong is not new to PVL as she saw action two years ago for Ateneo-Motolite in the second edition of the Open Conference when Lady Eagles finished runners-up to powerhouse and ChocoMucho’s sister team Creamline. Viray, on the other hand, has been in the commercial league scene for quite a while.        Wong’s addition will give the Flying Titans a better direction on offense with her familiarity with college teammates Kat Tolentino, Maddie Madayag and Bea De Leon. Meanwhile, Viray’s presence will further strengthen ChocoMucho’s net defense while serving as another threat on the wing.     ......»»

Category: sportsSource:  abscbnRelated NewsJun 28th, 2020

No paychecks for 11 big leaguers: advance larger than salary

By RONALD BLUM AP Baseball Writer NEW YORK (AP) — Grant Dayton will notice one glaring absence this season after he reports to the Atlanta Braves: his twice-a-month salary. He is among 11 major leaguers whose prorated pay for the abbreviated 60-game season amounts to less than the $286,500 advance already received by the 32-year-old left-hander. “It’s going to be weird not getting a paycheck,” he said Friday, “but we already got paid.” Dayton gave up the 6,776th and final home run of of last season's record total, to the New York Mets' Dominic Smith. To resume preparation for the new season he will drive Monday from his home in Winter Haven, Florida, to Atlanta with wife Cori, 2 1/2-year-old son Decker and nearly 6-month-old Nolan for Braves' workouts at Truist Park. After opening day was postponed because of the coronavirus pandemic, Major League Baseball and the players’ association agreed March 26 to a deal that called for teams to advance $170 million in salaries over the first 60 days of the season. Others who won’t get paychecks because of lower prorated salaries are Los Angeles Dodgers pitcher Jimmy Nelson and New York Yankees reliever Jonathan Holder ($277,778 each), Pittsburgh infielder Erik Gonzalez and Minnesota pitcher Matt Wisler ($268,519 apiece), Philadelphia catcher Andrew Knapp ($262,943), Chicago Cubs pitcher Jharel Cotton ($237,037), pitchers Collin McHugh of Boston, Ross Stripling of the Dodgers and Jesse Hahn of Kansas City ($222,222 each) and Milwaukee pitcher Freddy Peralta ($575,200). “My first reaction was, wow, if we don’t have any games this year, I’m going to get paid the same amount that Freddie Freeman’s getting paid, so that’s pretty cool,” Dayton said in a reference to his teammate, a four-time All-Star first baseman with a $22 million salary that was cut to about $8.15 million. “I knew that there was going to be a point that if we resume games, I wouldn't get paid. And I was OK with that because we still received significant amounts of money and we’re fine.” Each of the roughly 480 players with so-called “straight” contracts that call for a single salary received $286,500. The 769 players with “split” contracts that have a lower salary in the minor leagues — generally a younger group not yet eligible for arbitration — got either $16,500, $30,000 or $60,000, depending on their minor league pay level. Dayton, who has spent parts of three seasons in the majors, has a $655,000, one-year contract. His prorated salary for the short season will be $242,593, assuming the contagion does not cause more games to be canceled. The group won’t have to return any cash because the March deal states “in the event there is a 2020 championship season, any amounts advanced to individual players that cannot be recouped by clubs via payroll deduction during the 2020 season for any reason shall be reimbursed to clubs from the International Tax Fund at the conclusion of the 2020 season.” That tax fund is money collected from teams that exceeded their specified bonus pools to sign high-priced Latin American amateurs. “We’re blessed because we’re getting more money than the prorated amount,” Dayton said. Most of the group has relatively low salaries for arbitration-eligible players because of injuries that sidelined them and reduced their statistics. Nelson returned last June from shoulder surgery and was limited to three starts and seven relief appearances. McHugh missed September and the postseason with a sore right elbow and signed a deal with a $600,000 salary and $3.65 million in performance and roster bonuses. Cotton, Dayton, Hahn and Stripling all were interrupted by elbow surgery early in their careers, and Gonzalez missed more than half of last season after breaking his collarbone. Peralta has a low salary in 2020 as part of a $15.5 million, five-year contract he agreed to in March. Dayton was 0-1 with a 3.00 ERA in 14 relief appearances last year and is 1-3 with a 3.34 ERA in 68 big league games that included time with the Dodgers in 2016-17. He wonders how he will fare in arbitration next winter. “It's going to be a weird year and a short season, but I guess they’re going to have to treat it on paper like a real season, a championship season," he said. "And as far as contracts go in the future, they’re going to have to take the stats this year, which is kind of scary for a relief pitcher, to be honest because you have one bad game, it takes a whole year to get that back. The slow starters can't be slow starters anymore." Stripling, a financial adviser for B. Riley Wealth Management when he’s not playing baseball, negotiated a $2.1 million deal in January but was able to have $1.5 million designated as a signing bonus, which is protected and not reduced. Only the $600,000 specified as salary in the contract gets prorated. “It will be strange to receive no money or paychecks throughout the year,” he said. “I’m thankful for my background in finance, because I’m comfortable with my ability to budget. I do worry about the 10 other guys in my situation. Technically will be receiving zero income until next April. That’s a long time to budget ahead.” One option for players could be licensing money they are owed that had been retained for them by the union. “Our PA is offering a stipend of sorts for guys in similar situations,” Stripling said. “But I don’t know how much money or how often they can receive it. It also comes from our `war chest,′ which is money saved for salaries in case of a work stoppage in 2022. Most guys will try to avoid pulling money from that unless they are in dire situations.”.....»»

Category: sportsSource:  abscbnRelated NewsJun 27th, 2020

Customs collection target slashed to P542 billion for 2020

The Development Budget Coordination Committee has slashed the collection target of the Bureau of Customs for 2020 due to the economic fallout from the coronavirus disease 2019 or COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsJun 11th, 2020

PVL schedule for first pro season known

Set to unfurl July 17, the PVL ramped up excitement by releasing the initial schedule for the first couple of game days of the Open Conference — marking the return of competitive volleyball on the country since March 2020......»»

Category: sportsSource:  philstarRelated NewsJul 11th, 2021

Labella told: ‘Readjust’ P4.4B SB 1

CEBU CITY, Philippines — Approval of the P4.4 billion supplemental budget request by Mayor Edgardo Labella may take a little longer than expected. This after members of the Cebu City Council decided to return Supplemental Budget No. 1 (SB1) to the executive department for some “readjustments.” Councilor Raymond Alvin Garcia, chairperson of the council’s finance […] The post Labella told: ‘Readjust’ P4.4B SB 1 appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJul 6th, 2021

8 Makati barangay officials suspended

Eight officials of Barangay Carmona in Makati, including its chairman, have been suspended for 90 days for failing to approve its budget in 2019 and 2020......»»

Category: newsSource:  philstarRelated NewsJun 28th, 2021

Demoted nurses in public hospitals are entitled to 1-year backpay, Defensor says

Nurses demoted by the Department of Budget and Management (DBM) mid-year of 2020 are “entitled to backpay for at least one year or a minimum of P36,000 each,” Anakalusugan Rep. Mike Defensor argued on Monday. The solon explained that the basis for the backpay is the ruling last 1 June of the Office of the […] The post Demoted nurses in public hospitals are entitled to 1-year backpay, Defensor says appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJun 7th, 2021

United States: Biden and his wife paid just over $ 186,000 in taxes in 2020. International

US President Joe Biden and Vice President Kamala Harris.Evan Vucci / AP The White House has released the 2020 tax return of the President of.....»»

Category: newsSource:  thedailyguardianRelated NewsMay 18th, 2021

4,000 displaced nurses return home

After being displaced from their employment overseas due to the COVID-19 pandemic, more than 4,000 nurses have returned home since September 2020, former Department of Labor and Employment secretary and now consultant Marianito Roque said yesterday......»»

Category: newsSource:  philstarRelated NewsMay 12th, 2021

P25 billion in calamity funds unspent amid pandemic

MANILA, Philippines — Amid the prolonged fight against the COVID-19 pandemic, a total of P25.14 billion in calamity funds from the 2020 and 2021 national budgets remains unutilized as of March, pending approval on several levels in government, including the Office of the President. The latest data from the Department of Budget and Management (DBM) […] The post P25 billion in calamity funds unspent amid pandemic appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMay 3rd, 2021

Thousands expected to take to streets in first Labor Day protest since lockdown

Thousands of workers are determined to make a return to the streets for the first massive in-person Labor Day protest since one of the world’s longest lockdowns began in March 2020......»»

Category: newsSource:  philstarRelated NewsApr 30th, 2021

US budget deficit hits record high in March

The COVID-19 pandemic did not have a big impact on the first six months of fiscal 2020, as increased outlays tied to rising unemployment due to pandemic-related lockdowns and major new aid spending did not start until the very end of March 2020 and ramped up in the following month, a Treasury official told reporters......»»

Category: financeSource:  philstarRelated NewsApr 13th, 2021

Economic managers see lower than expected growth amid prolonged lockdowns

The return of strict lockdowns that crippled the country's business centers anew likely slashed nearly 1% from the country's economic growth for the entire year already, a serious repercussion for the government's failure to control coronavirus spread......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2021

Enhypen returns with new music in April

South Korean boy band Enhypen is poised to return to the scene, says its management. This will be the seven-member K-Pop group’s official comeback after its formation from the survival show I-Land in 2020. Egenes, the group’s fandom, can expect new music, choreography, dazzling visuals and more from the group in April. In the meantime, […] The post Enhypen returns with new music in April appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMar 25th, 2021

Tolentino to get PSA President& rsquo;s Award

The  man who bravely led Philippine sports during its darkest hour is among those to be honored by the Philippine Sportswriters Association when it recognizes the top performers and achievers of 2020 next week......»»

Category: sportsSource:  thestandardRelated NewsMar 20th, 2021

Employees in PH to Have 5.6% Pay Rise Survey Says

According to Willis Towers Watson’s (WTW) latest Salary Budget Planning Survey report, there is a projected 5.6% pay rise for employees in the Philippines this year as companies try to ride out the COVID-19 pandemic. In 2020, the average pay rise was 5.5% — the lowest average salary increase in more than a decade compared […].....»»

Category: newsSource:  metrocebuRelated NewsMar 13th, 2021

SSS posts better investment yields 

State-run Social Security System (SSS) reported a better yield in terms of its investments, surpassing benchmarks for such in 2020.  Earning a full-year investment income of P32.47 billion with a return on investment (ROI) of 5.89 percent, the pension fund outpaced key market indicators such as the 10-year Treasury bond and 364-day Treasury bills with […] The post SSS posts better investment yields  appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMar 12th, 2021

Ungab denies P70-billion cut in 2020 budget

The former chairman of the House of Representatives committee on appropriations on Monday night denied the allegation of a fellow legislator that he was behind the reduction of P70 billion from the 2020 national budget......»»

Category: newsSource:  thestandardRelated NewsMar 8th, 2021