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Pacquiao-Ugas fight provides temporary relief to families during quarantine

CEBU CITY, Philippines –The Pacquiao-Ugas fight that happened today, August 22, provided temporary relief to people, who have been under quarantine as they stayed in their homes and spent their time with their families. However, as to how the fight between Manny Pacquiao and Yordenis Ugas has ended, netizens have different reactions to it. Some […] The post Pacquiao-Ugas fight provides temporary relief to families during quarantine appeared first on Cebu Daily News......»»

Category: newsSource: inquirer inquirerAug 22nd, 2021

Boxing experts, coaches to Manny: It’s time to retire 

CEBU CITY, Philippines —In light of the stunning defeat of boxing’s only eight-division world champion Manny “Pacman” Pacquiao in the hands of Cuban Yordenis “45 Milagros” Ugas, Cebuano boxing experts shared their thoughts on the outcome of the fight that many believed was already in the bag for the “People’s Champ”. On Sunday, August 21 […] The post Boxing experts, coaches to Manny: It’s time to retire  appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsAug 22nd, 2021

Pacquiao sorry to fans after loss to Ugas

MANILA, Philippines—Manny Pacquiao was apologetic after his unanimous decision loss to Yordenis Ugas in their WBA (Super) welterweight match Sunday (Manila time) at T-Mobile Arena. A heavy favorite in the fight, Pacquiao apologized to his supporters following his loss in his first fight in 25 months. “I didn’t make the adjustments early enough,” said Pacquiao […] The post Pacquiao sorry to fans after loss to Ugas appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsAug 22nd, 2021

Cebuano friends, supporters thank Pacquiao for giving it his all vs Ugas

MANDAUE CITY, Cebu — He may have lost his fight against Cuban Yordenis Ugas, but Cebuano friends and supporters still thanked boxing champ Manny Pacquiao for giving it his all during his fight in Las Vegas, Nevada on Sunday, August 22. “Mabuhi ka, Sen. Manny Pacquiao! Thank you for raising the country’s flag in the […] The post Cebuano friends, supporters thank Pacquiao for giving it his all vs Ugas appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsAug 22nd, 2021

Whom is destiny calling?

Manny Pacquiao calls himself a “Man of Destiny” while defending WBA welterweight super champion Yordenis Ugas insists it was destiny that brought him the unexpected opportunity to fight the Filipino icon......»»

Category: sportsSource:  philstarRelated NewsAug 22nd, 2021

Duterte wishes Pacman good luck

President Duterte is wishing Sen. Manny Pacquiao victory in his fight against Cuban Yordenis Ugas today (Manila time), Sen. Christopher “Bong” Go said yesterday......»»

Category: sportsSource:  philstarRelated NewsAug 22nd, 2021

Filipino prospect Dato absorbs first loss in Pacquiao-Ugas undercard

Filipino fighter John Dato was battered and bloodied by Mexico’s Angel Contreras on his way to his first career loss Saturday in the undercard of the Manny Pacquiao-Yordenis Ugas fight at the T-Mobile Arena in Las Vegas (Sunday, Manila time)......»»

Category: newsSource:  philstarRelated NewsAug 22nd, 2021

LIVE updates: Pacquiao vs Ugas in Las Vegas

In his first fight since July 2019, Pacquiao is out to take back the title the WBA stripped him of in a fight marred by a last-minute change of opponent......»»

Category: newsSource:  philstarRelated NewsAug 22nd, 2021

Pacquiao, Ugas make weight

Saturday’s welterweight title fight between Manny Pacquiao and WBA “super” champion Yordenis Ugas (Sunday, Manila time) is a go......»»

Category: newsSource:  philstarRelated NewsAug 21st, 2021

Manny Pacquiao still wants to fight the best ‘as long as I’m still in boxing’

MANILA, Philippines—Manny Pacquiao is unsure whether his fight against Yordenis Ugas would be the last of his career. He is certain, however, that as long as he’s active he’s still willing to fight whoever the best there is in the welterweight division and that includes champions Errol Spence Jr. and Terence Crawford. “As long as […] The post Manny Pacquiao still wants to fight the best ‘as long as I’m still in boxing’ appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsAug 20th, 2021

Pacquiao vs.Ugas fight on WeTV

Streaming platform WeTV brings the “biggest comeback fight of the year”—between Pinoy boxing legend Manny Pacquiao and WBA Welterweight Champion Yordenis Ugas......»»

Category: entertainmentSource:  thestandardRelated NewsAug 20th, 2021

Ugas insists he’s not going down

WBA welterweight super champion Yordenis Ugas said yesterday he’s prepared to go the 12-round distance with challenger Manny Pacquiao and convinced his record of durability will stand up to the test in their title fight at the T-Mobile Arena here tomorrow night (Sunday morning, Manila time)......»»

Category: sportsSource:  philstarRelated NewsAug 19th, 2021

TV5 to air Pacquiao& rsquo;s tiff with Ugas on Sunday

Boxing fans all across the country will get to witness the most-awaited fight for the world’s welterweight title between the Philippines’ pambansang kamao Manny “Pacman” Pacquiao and WBA Welterweight Champion Yordenis Ugas in TV5’s comprehensive free-TV coverage airing this Sunday, August 22, at 11 a.m......»»

Category: sportsSource:  abscbnRelated NewsAug 18th, 2021

Pacman promises good fight vs Ugas

Filipino ring icon Manny Pacquiao promises a good fight when he takes on World Boxing Association Super Welterweight champion Yordenis Ugas on Sunday at the T-Mobile Arena in Las Vegas, Nevada......»»

Category: sportsSource:  abscbnRelated NewsAug 18th, 2021

Watch Pacquiao vs. Ugas on GMA Network this Sunday

Filipino fans can still watch the fight of eight-division world boxing champion and Senator Manny “Pacman” Pacquiao against his new opponent, Cuban boxer Yordenis Ugas, for the WBA welterweight title on Sunday (August 22) on free TV via GMA Network, in partnership with TAP Digital Media Ventures Corp......»»

Category: sportsSource:  thestandardRelated NewsAug 18th, 2021

Roach predicts KO for Manny

There’s no doubt in Freddie Roach’s mind that Sen. Manny Pacquiao will knock out WBA welterweight “super” champion Yordenis Ugas of Cuba in their scheduled 12-round title fight at the T-Mobile Arena here Saturday night (Sunday morning, Manila time)......»»

Category: sportsSource:  philstarRelated NewsAug 16th, 2021

Widespread telecast for Pacman’s fight

Fight fans are in for a treat because the local TV rights holder for the WBA welterweight “super” championship fight between defending titlist Yordenis Ugas of Cuba and challenger Sen. Manny Pacquiao has arranged for an extensive nationwide TV coverage of the blockbuster duel at the T-Mobile Arena in Las Vegas on Sunday morning (Aug. 22, Manila time)......»»

Category: sportsSource:  philstarRelated NewsAug 15th, 2021

Manny ready to fight even now

Sen. Manny Pacquiao’s fight against WBA welterweight “super” champion Yordenis Ugas of Cuba is still a week away but strength/conditioning coach Justin Fortune said yesterday he’s ready to battle even now in the best shape of his life at 42. The duel is set at the T-Mobile Arena in Las Vegas on Sunday (Manila time)......»»

Category: sportsSource:  philstarRelated NewsAug 15th, 2021

Spence says he ll fight winner of Pacquiao-Ugas for sure

Scheduled to get surgery done on Wednesday (Thursday in Manila), Spence is already planning his return......»»

Category: sportsSource:  philstarRelated NewsAug 11th, 2021

COVID-19’s impact on banks manageable – BSP report

The banking system remains on “solid footing” in terms of assets, loans, deposits, profitability, capital and liquidity buffers despite the COVID-19 health crisis, a report from the Bangko Sentral ng Pilipinas (BSP) said.  “The impact of the pandemic on the overall condition and performance of the banking system, which remains the core of the domestic financial system, has been manageable,” according to the BSP’s second semester report on the Philippine financial system. The total assets of the banking system account for 81.9 percent of the financial system’s total resources. MB file photo. The banks remained resilient during the worst of the lockdown period because of the “timely, time-bound and crucial” regulatory relief measures that BSP granted to them during the most severe quarantine months of March until June. These relief measures “helped address the adverse repercussions of the pandemic.” One of these reprieves was the suspension of the submission of some bank reports while most of the country was on enhanced community quarantine (ECQ) restrictions. Banks have had to adjust operations and deal with the slowdown in economic activities that affected their borrowers’ capacity to pay. Based on a set of financial soundness indicators (FSI) to assess banks’ health and soundness, it noted that the banking system is “stable and resilient despite global uncertainties related to the extent and path of COVID-19 menace.”  But, the BSP said that the FSI analysis also implies that “consequent risks from lending should be monitored especially in the event of excessive uncertainties that could place additional pressures on the banking system in the short and medium run.” As of the report timeline, banks surveyed have yet to determine the total impact of the grace periods under the Bayanihan law but generally, based on the BSP’s comprehensive baseline survey conducted in April, banks have proactive control measures that will ensure the continued delivery of financial services to the general public and also to protect their personnel, said the BSP. Banks’ business continuity plans, and previous efforts at digitalization, also helped them to respond quickly to conditions brought about by the ECQ. Despite the economy in recession due to the pandemic, the banking system’s total assets reached P18.6 trillion as of end-June, 98.8 percent of the GDP. The end-June tally was 7.9 percent higher year-on-year but was slower than the 9.8 percent growth recorded in June 2019 and the 8.4 percent growth as of end-December 2019. Assets continue to grow because of the expansion of funds that went to lending activities while funding came from deposits, bond issuances and capital infusion. In the meantime, the report said banks’ profitability or net income fell by 22.5 percent to P86.5 billion as of end-June 2020 because of higher provisioning requirements. This was a reversal of the 27.7 percent growth in earnings same time in 2019.  “Provisions on credit losses for loans and financial assets significantly increased, weighing heavily on bank profitability. Other income sources are expected to slow down due to lower volume of transactions, waiver of inter-branch and interbank fees as well as the temporary grace period moratorium on the imposition of bank fees, penalties and charges under the Bayanihan Act,” said the BSP. Based on the BSP survey, banks have measures to cushion the adverse impact of the pandemic on profitability such as banks’ plans to impose cost-cutting measures that includes deferred capital spending and freeze hiring of non-critical positions. The BSP said banks have also intensified loan collection activities and its loan monitoring. They have also become more prudent in loan releases, reduced the cost of funds and at the same time boosted marketing campaigns for new loans and deposits.  “Across banking groups, (the big banks) also intend to reduce their exposures to vulnerable sectors and to increase ancillary or fee-based business while thrift banks and rural/cooperative banks plan to fast track digitization initiatives to reduce operating expenses,” said the BSP......»»

Category: newsSource:  mb.com.phRelated NewsNov 8th, 2020

BOI offers stronger tax perks

For manufacturer Manufacturers in the Philippines are allowed to carry over any operating loss from financial year 2020-2021 as tax deduction from gross income over the next five taxable years, according to the Board of Investments (BOI). BOI Managing Head Ceferino Rodolfo said this has been  allowed under the Bayanihan to Recover as One Act or Bayanihan 2, which provides P165 billion in economic stimulus package. “A range of new financial measures and incentives are now available to manufacturers in the Philippines, thanks to new legislation recently signed into law,” said Rodolfo, who is also Trade and Industry’s Undersecretary for industry promotions group. The ‘Bayanihan 2 Act’ is aimed at helping the Philippines recover from the economic impact of Covid-19. It was signed into law by President Duterte in September. Elsewhere, he said, many qualified manufacturers will be exempt from business taxes, import duties, and other fees on a range of products.  This includes the production of medical equipment and Covid-19 related items such as Personal Protective Equipment (PPE), as well as the raw materials relevant to the manufacturing of these items.  The same relief measures will also apply to the production of equipment for waste management, including waste segregation, storage, collection, sorting, treatment and disposal services.  The Philippine Board of Investments (BOI) is urging manufacturers and other large businesses to take advantage of these provisions. For more details on doing so, businesses can book an appointment with BOI via their Facebook page and speak to a dedicated specialist. Information is also available on BOI’s Covid-19 resource hub for businesses.  “We know that Covid-19 is still having a significant impact on the operations of manufacturers across the Philippines, and we at BOI are doing all we can to help them,” said Rodolfo as he urged   businesses to visit BOI resource hub website and book an appointment with BOI via its Facebook page.  “Our dedicated specialists can help businesses understand more about how they can take advantage of the incentives and support in the Bayanihan 2 Act”  The Bayanihan 2 stimulus package consists of P140 billion of regular appropriations and an additional standby fund of P25.5 billion. Under the law, P3 billion will be allotted for the procurement of personal protective equipment, face masks, and face shields; P4.5 billion for the construction of temporary medical isolation and quarantine facilities and the expansion of government hospital capacity; and P13.5 billion for emergency employment and compensation of health workers. A total of P4.5 billion will be used to finance isolation facilities, hotel accommodation, food, and transportation of Covid-19 patients; and PHP5 billion for the hiring of contact tracers. Other allocations include P13 billion for the cash-for-work program; P9.5 billion for assistance to public utility drivers and other programs of the transportation department; P6 billion for “individuals in crisis” and other programs of the social welfare department; P4 billion for the tourism industry; and P4 billion for the education department’s implementation of digital learning. Bayanihan 2 is the second installment of the Bayanihan to Heal as One Act (Bayanihan 1), which gave Duterte emergency powers to address the Covid-19 crisis in the country. The Bayanihan 1 law, signed by the president on March 25, already expired on June 25, 2020......»»

Category: lifestyleSource:  abscbnRelated NewsOct 18th, 2020