Home Blog Page 10439

Historically courageous people toadying up to China

If he hasn’t acquired one yet, perhaps someone should give Rodrigo Roa Duterte a Jetski so he can fulfill his campaign promise to ride one to the Spratleys where he would plant a Filipino flag. So far, our president has, contrary to our 1987 Constitution’s mandate that “The State shall protect the nation’s marine wealth in its archipelagic waters, territorial sea, and exclusive economic zone, and reserve its use and enjoyment exclusively to Filipino citizens,” been shamefully second guessing China’s positions on the issues raised and already set aside in the UN Arbitral court.

It is becoming difficult to hold our heads up among other nations when the President of our sovereign republic parrots the line of China, even on how we should deal with the brazen bullying of our fishermen and our once senior government officials former Foreign Secretary Del Rosario and former Ombudsman and Supreme Court Justice Conchita Carpio Morales. Incredible. How he actually says in public that it is up to China how they want to investigate the “simple marine accident” in the Recto Bank, which happens to be part of the Philippines’ exclusive economic zone, as recognized by the UNCLOS (United Nations Convention on the Law of the Sea) to which both the Philippines and China are signatories, and reconfirmed by our victory in the UN Arbitral Court, which agreed that China’s claim to the “Nine-Dash Line” is pure fiction.

Rodrigo Duterte has demonstrated to our people his toughness against assertive women (Leila de Lima, Mary Lou Sereno, and Carpio Morales, et al.) and defenseless young drug addicts whom he has no compunctions about putting in jail or causing to be shot by his armed minions. What is it about China that has turned him into a pathetic lackey? Is his tough guy stance the other side of obsequiousness to those perceived with more power?

This is a nation of heroes who have given their lives for our freedom and dignity against perilous odds. Jose Rizal, Jose Abad Santos, Ninoy Aquino. Thousands of our people died in the resistance against the cruel Japanese colonials and before that, the authoritarian Spaniards, and even against our own dictator: Eman Lacaba, Ed Jopson, et al.

Today, I toss and turn in bed, incredulous at how far our president and his own toadies second guess the Chinese on what they might want us to say in response to their downright bullying. Phrases like “simple marine incident,” and “he should have expected to be barred at the HK airport,” and “it is up to China to decide if they would like to have a joint investigation on the Recto Bank incident.” Clear and simple, shameful toadying to the bullies.

Agriculture Secretary Emanuel Piñol even went so far as to visit the victimized fishermen in Mindoro, accompanied by several armed policemen. His mission resulted in an alteration of the fishermens leader’s assertive position of “they rammed us, and left us to die in the water” to uncertainty about whether the ramming of their boat was intentional or accidental. However, Junel Insigne, the Gem Ver captain, said that they just want the Chinese to be held accountable for abandoning them to die in the sea. Government spokesmen have even questioned whether the Gem Ver fishing boat was actually sunk, as the fishermen and their Vietnamese rescuers had reported.

The Vietnamese, who saved the lives of our fishermen whom they fished out of the waters where they had managed to stay afloat for hours, cold, hungry and weak, confirmed that the Gem Ver had sunk; else why would the fishermen be floating in the sea? That doesn’t take much analysis. A third party to conduct the investigation? Certainly, the testimony of the third party Vietnamese fishers should suffice.

The highly schooled, but immature Foreign Secretary Teddy Boy Locsin, in response to the deportation of our courageous former Foreign Secretary Albert Del Rosario, instead of protesting the denial of entry to Hong Kong by someone with a special diplomatic passport, as provided by Philippine Law, decides to cancel all diplomatic passports. He justifies his action as “in order not to single out Del Rosario.” What, just after the Hong Kong incident? And he has the temerity to call our Vice-President “Boba?” Whose side is he (and our government) on?

Our Philippine Constitution of 1987 states in its Declaration of Principles, Section 1 “The Philippines is a democratic and republican State. Sovereignty resides in the people and all government authority emanates from them.” The Declaration of Principles states further: “The prime duty of the Government is to serve and protect the people.”

For how long shall we sit here and allow our government to defend China for bullying our honorable citizens including fishermen who were within their right to fish in our waters? We must be close to becoming the laughing stock of ASEAN and the rest of the world, if not already there. What price are we willing to pay for our sovereignty, dignity and self-respect?

So far, it seems to me, the business community has been just as timid as the government. I hope I’m wrong.

 

Teresa S. Abesamis is a former professor at the Asian Institute of Management and an independent development management consultant.

tsabesamis0114@yahoo.com

The MOU between PHL and China and a timely revisit of the La Bugal case

On Nov. 20, 2018, the Philippines and China entered into a Memorandum of Understanding (MOU) on Cooperation on Oil and Gas Development. Premised on the Charter of the United Nations, the United Nations Convention on the Law of the Sea (UNCLOS), and the 2002 Declaration of Conduct of Parties in the South China Sea, the two governments agreed to negotiate on an accelerated basis (i.e., within 12 months of its signing) arrangements to facilitate oil and gas exploitation in “relevant maritime areas.”

Under Section III of the MOU, the two governments intend to establish an Inter-Governmental Joint Steering Committee and Inter-Entrepreneurial Working Groups.

The Committee will be co-chaired by the Foreign Ministries, and co-vice chaired by the Energy Ministries, with the participation of relevant agencies of both governments, and with equal number of members nominated by the two governments. Under the same section, the Committee is responsible for negotiating and coming up with cooperation arrangements and the maritime areas (or cooperation areas) to which they will apply. The Committee will also decide on the number of Working Groups to be established and for which part of the cooperation area each Working Group will be established (working area).

More specifically, each Working Group will consist of representatives from enterprises authorized by the two governments. For this purpose, China will authorize the China National Offshore Oil Corp. (CNOOC) while the Philippines will authorize enterprises that have entered into service contracts with the Philippine Government with respect to the applicable working areas. Should there be none, the Philippine National Oil Company-Exploration Corp. (PNOC-EC), will be the Philippine enterprise authorized to represent it in a particular Working Group.

The MOU is without prejudice to the respective legal positions of both governments with respect to their claims in the disputed sea and will not create rights or obligations of both parties under international or domestic laws.

It can be observed that the MOU is an effort by both parties to peacefully settle their conflicting territorial claims. Still, any joint development agreement that may be entered into with respect to the relevant maritime areas will inevitably have to be measured against the yardstick of the 1987 Constitution.

Section 2, Article XII of the 1987 Constitution provides that the exploration, development, and utilization of natural resources shall be under the full control and supervision of the State. Moreover, it mandates the State to protect the nation’s marine wealth in its archipelagic waters, territorial seas, and exclusive economic zone, and reserve its use and enjoyment exclusively to Filipino citizens.

Nonetheless, it gives the President authority to enter into agreements with foreign-owned corporations involving either technical or financial assistance for large-scale exploration, development, and utilization of minerals, petroleum, and other mineral oils, subject to certain safeguards. In the 2004 case of La Bugal B’laan Tribal Association v. DENR, the Supreme Court held that the language of Section 2, Article XII of the Constitution should be interpreted as allowing the President to enter into an agreement to explore, develop, and utilize minerals, petroleum and other mineral oils even with a 100% foreign owned corporation. It further held that this type of agreement should not be restricted to one that is merely for financial or technical assistance.

The Supreme Court, however, reminded that the State must still retain full control and supervision over the exploration, development, and utilization of these resources. In particular, the Supreme Court held that while the foreign contractor may be allowed a certain degree of management prerogative, the State must still be able to direct, restrain, regulate, and govern the affairs of the foreign contractor.

There are those who opine that a joint development agreement with China can hurdle Constitutional issues in view of this ruling in La Bugal. However, a conclusion is not as easily arrived at as it may seem. In this regard, it is apt to quote Professor Jay L. Batongbacal’s assessment of the MOU as published in the website of Asian Maritime Transparency Initiative, thus:

“… the MOU… still does not address the specific challenges and restrictions posed by the Philippine Constitution and legislation… It also does not address the constitutional and legal requirement of ‘sole control and supervision by the State’ of natural resource exploration and exploitation. Unfavorable answers to these questions may lead to the conclusion that Philippine sovereignty and sovereign rights will indeed be compromised. These can be finally determined only when the parties agree on the actual cooperation arrangements for specific areas.”

This article is for general informational and educational purposes only and not offered as and does not constitute legal advice or legal opinion.

 

Fritz Micah A. Diumano is an Associate of the Litigation and Dispute Resolution of the Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALAW)

fadiumano@accralaw.com

(02) 830-8000

Northport shoots for solo PBA tourney leadership

By Michael Angelo S. Murillo
Senior Reporter

LEAGUE-LEADING Northport Batang Pier go for their fifth win in a row in the Philippine Basketball Association Commissioner’s Cup, and solo leadership in the standings, when they return to action today against the Phoenix Pulse Fuel Masters at the Smart Araneta Coliseum.

Set for 4:30 p.m., the Batang Pier, joint first with a 7-1 card along with the idle TNT KaTropa, seek to extend their streak and fan their push for a top-two finish at the end of the elimination round of the midseason PBA tournament versus an undermanned Phoenix (2-4) crew which is still searching for consistency in winning.

Playing in the 7 p.m. main game, meanwhile, are the Magnolia Hotshots Pambansang Manok (3-2) against the San Miguel Beermen (2-3).

Northport comes into today’s contest after its big 127-99 victory over the import-less Blackwater Elite on June 22.

The Batang Pier debuted their new acquisitions from a recent trade with the Barangay Ginebra San Miguel Kings — Sol Mercado, Jervy Cruz and Kevin Ferrer — in said game, and all of them made a good account of themselves.

Mr. Mercado had 14 points and five assists, Mr. Cruz had a double-double 16 points and 11 rebounds and Mr. Ferrer finished with 23 point and six assists in helping their new team in the wire-to-wire victory.

Team leading scorer Sean Anthony had 22 points and 11 rebounds while rookie Robert Bolick had a near triple-double of 16 points, 10 assists and nine rebounds.

Import Prince Ibeh had 10 points and 13 rebounds for Northport.

“Our goal from here on is to claim the top two and earn the twice-to-beat incentive in the next round,” said Northport coach Pido Jarencio, in the vernacular, following their win.

“Like what I’ve said, the three players we got from Ginebra would help us. And they proved that today. They helped improve our rotation,” he added, referring to Messrs. Mercado, Cruz and Ferrer.

Out to halt the steamrolling Batang Pier, meanwhile, are the Fuel Masters, who will continue to be sans the league-suspended Calvin Abueva.

Phoenix is fresh from a 99-96 loss to Magnolia on June 22 that saw it fall back to earth after halting a three-game losing streak previously.

Import Richard Howell paced the Fuel Masters last time around with 36 points and 20 rebounds but it was not enough to tow his team to the victory against Magnolia, which had to dig deep to emerge victorious.

Matthew Wright had 19 points and eight assists while RJ Jazul finished with 15 points.

Phoenix continues to miss the services of All-Star forward Abueva, who was suspended by the league indefinitely over on-court actions he made which were deemed unbecoming of a professional by the PBA.

Before being canned, Mr. Abueva was averaging 14.5 points and 8.5 rebounds in two games.

NBA Awards: Antetokounmpo wins MVP; Doncic top rookie

LOS ANGELES — Milwaukee Bucks forward Giannis Antetokounmpo became the second European player to be selected the NBA’s Most Valuable Player, winning the honor on Monday night at the league’s awards show in Santa Monica, Calif.

Luka Doncic, the No. 3 overall selection who was traded to the Dallas Mavericks on draft day in 2018, won the Rookie of the Year Award.

Antetokounmpo, a 24-year-old from Greece, joins Germany’s Dirk Nowitzki (2006-07 Dallas Mavericks) as European NBA MVPs.

The only other non-United States players to capture the honor were Nigeria’s Hakeem Olajuwon (1993-94 Houston Rockets) and Canada’s Steve Nash (2004-05 and 2005-06 Phoenix Suns). In addition, two-time MVP Tim Duncan (2001-02 and 2002-03 San Antonio Spurs) was born in the U.S. Virgin Islands.

Antetokounmpo received 78 first-place votes, well ahead of the 23 for fellow MVP finalist James Harden of the Rockets, last season’s winner. The third finalist, Paul George of the Oklahoma City Thunder, received no first-place votes.

“Two, three years ago, I had the goal in my head, that goal to be the best player in the league,” Antetokounmpo said. “I’m gonna do whatever it takes to win, and I’m going to win MVP. And every time I step on the floor, I think of my dad, and that motivates me to play harder and move forward even when my body is sore, I don’t feel like playing, I’m always going to show up and I’m going to do the right thing.”

“The Greek Freak” averaged 27.7 points, 12.5 rebounds, 5.9 assists, 1.5 blocks and 1.3 steals in 72 games.

Bucks general manager Jon Horst, who was selected the Executive of the Year on Monday, said in a statement, “We are beyond proud of Giannis for earning his first MVP award. This well-deserved honor is due to his relentless hard work and dedication in becoming the most impactful player in the NBA. Giannis propelled the Bucks to great heights last season with his leadership, drive and unselfish play. His grace on and off the court has made him one of the most admired players in the world.”

Antetokounmpo also was a finalist for Defensive Player of the Year, which went to Utah Jazz center Rudy Gobert for the second year in a row. George also was a candidate for the defensive honor.

Doncic received 98 of the 100 votes, with Trae Young of the Atlanta Hawks getting the other two. The third finalist was the top pick in last season’s draft, Phoenix Suns center Deandre Ayton.

“First of all, I want to congratulate Trae and Deandre for amazing seasons, and not just them, but the whole rookie class. I think it’s amazing, and we can make something big,” Doncic said while accepting the award.

Dallas Mavericks guard Luka Doncic poses with his Rookie Of The Year award at the 2019 NBA Awards show at Barker Hanger. — GARY A. VASQUEZ-USA TODAY SPORTS

Named Most Improved Player was power forward Pascal Siakam of the NBA champion Toronto Raptors, who won the award over fellow finalists De’Aaron Fox of the Sacramento Kings and D’Angelo Russell of the Brooklyn Nets. Like Doncic, Siakam ran away with the award, receiving 86 out of 100 votes.

Los Angeles Clippers guard Lou Williams was chosen the Sixth Man of the Year for the third time, matching Jamal Crawford for the most times winning the award. The only other two-time winners of the Sixth Man award were Kevin McHale, Ricky Pierce and Detlef Schrempf.

The other finalists for the Sixth Man award were Williams’ teammate Montrezl Harrell and the Indiana Pacers’ Domantas Sabonis.

Coach of the Year went to the Bucks’ Mike Budenholzer, who beat out fellow finalists Doc Rivers of the Los Angeles Clippers and Michael Malone of the Denver Nuggets.

Doncic, a 20-year-old guard who averaged 21.2 points, 7.8 rebounds and 6.0 assists in 32.2 minutes per game, is Dallas’ second Rookie of the Year winner, joining Jason Kidd, a co-winner with Grant Hill in the 1994-95 season. Doncic played in 72 games last season.

Young, a point guard, averaged 19.1 points, 8.1 assists and 3.7 rebounds in 30.9 minutes per game last season. He played in 81 of the team’s 82 contests. A year ago, Young, the No. 5 overall draft pick in 2018, was dealt from Dallas to Atlanta along with a 2019 first-round pick in exchange for Doncic.

Siakam averaged 16.9 points, 6.9 rebounds and 3.1 assists over 31.9 minutes and played in 80 games. ESPN noted that Siakam, a third-year player whom the Raptors drafted with the 27th overall pick in 2016, increased his point total by 9.6 points per game over the 2017-18 season, the biggest gain by any player to have played in 40 games in the consecutive seasons.

Williams, 32, put up 20 points, 5.4 assists and three rebounds per game in 75 appearances in 2018-19, starting just once.

Budenholzer, 49, led the Bucks to a 60-22 record in his first season in Milwaukee, their best record since going 60-22 in the 1980-81 season. The 16-win improvement over the previous season was the best mark in the NBA this season and earned the Bucks the No. 1 seed in the Eastern Conference. They lost to the eventual NBA champion Raptors in six games in the conference finals.

Budenholzer also won Coach of the Year in Atlanta in 2015 after leading the Hawks to a 60-22 record in his second of five seasons with the team. — Reuters

Kiefer Ravena thankful to be back in harness, looks to take flight anew

AFTER more than a year on the sidelines following his suspension of FIBA over his failure to pass a random drug test, Kiefer Ravena was back practicing with Gilas Pilipinas on Monday night. It was something he said he was very thankful for and looks to build on as he restarts his basketball journey.

“I would like thank God that now I’m back here practicing with the national team,” said Mr. Ravena, 25, in the vernacular, as he met members of media following his first practice back at the Meralco Gym.

“My feeling right now is like a child who had his toy taken away from him and it was given back. I was very anxious as this day approached. I’m very ecstatic to be around [national team] Coach Yeng [Guiao] and the coaching staff,” he added.

Mr. Ravena was suspended by FIBA after testing positive for three ingredients prohibited by the World Anti-Doping Agency in May last year.

The prohibited substances — 4-methylhexan-2-amine(methylhexaneamine), 1,3-dimethylbutylamine (DMBA), and higenamine — was found in the pre-warm-up supplement that Mr. Ravena took prior to the Gilas game against Japan at the Mall of Asia Arena on Feb. 25, 2018 during the second window for the qualifiers in the 2019 FIBA World Cup.

Urine samples were taken from Mr. Ravena after and both turned out to be positive from the prohibited substances.

Said substances, however, are not illegal in the country and can be bought over the counter but are prohibited under the WADA list.

The suspension meant no basketball activity for the former Ateneo King Eagle, including for his mother ball club in the Philippine Basketball Association, the NLEX Road Warriors.

Mr. Ravena shared that his time away from competitive basketball was a tough one to bear but he was able to manage it with support from many different people who stood by him.

He said he kept himself fit so when the time comes that he is back in action he would not skip a beat that much.

“Physically I’m okay. I told you I’ll surprise a lot of people on how I’ll look and how I’ll play. I’ll continue to prove that. I won’t stop from here. This is just the start, something to continue my story, of the journey I had all throughout the 16 months that I’ve been suspended. I think everybody’s been part of the journey,” he said.

Now back practicing with Gilas, and later on with NLEX, Mr. Ravena said it is like starting all over again.

“It’s a very interesting situation for me right now. I’m kind of in a new environment so to speak. I’m eager to expand my knowledge of the system I already know as well as to be around my teammates,” he said.

Mr. Ravena said he does not expect anything to be handed to him in Gilas now that he is back and that he intends to work his way back, even if the likes of Jayson Castro, Ray Parks Jr. and Scottie Thompson have already begged off for varying reasons to be part of the team seeing action at the 2019 FIBA Basketball World Cup later this year in China.

“To be mentioned to be included in the lineup is a confidence-booster for me. But everybody’s still fighting for a spot,” he said.

Monday’s practice was the third for Gilas since it began preparing last week.

Thirteen players were present, namely, Mr. Ravena, June Mar Fajardo, Paul Lee, Roger Pogoy, Marcio Lassiter, Japeth Aguilar, CJ Perez, Mark Barroca, Robert Bolick, Poy Erram, Troy Rosario, Raymond Almazan and Stanley Pringle.

Naturalized player Andray Blatche is set to join the team beginning next month. — Michael Angelo S. Murillo

Lazada activates Olympic Games partnership in Southeast Asia

AS PART of its parent Alibaba Group’s long-term partnership with the International Olympic Committee (IOC), Southeast Asian e-commerce firm Lazada Group has recently activated its Olympic Games push in the region.

The official partner of the Games in Southeast Asia, Lazada, which is Alibaba’ e-commerce flagship in this part of the world, will help Olympic stakeholders further reach their goals and connect with the fans.

Lazada will leverage the advertising and promotional opportunities connected with using Olympic marks and imagery, including marks from National Olympic Committees.

These will include events leading up to the Olympic Games Tokyo 2020, the Olympic Winter Games Beijing 2022, the Olympic Games Paris 2024, the Olympic Games Los Angeles 2028 and the Olympic Winter Games 2026 in a city yet to be selected by the IOC.

“We are delighted to have Southeast Asia’s e-commerce leader on board as an advocate of our Olympic values. We believe Lazada’s digital footprint will assist us in spreading the spirit of the Olympic Games far and wide across this important region, particularly with a younger audience,” said Timo Lumme, Managing Director, IOC Television & Marketing Services, in a statement.

For Lazada Group chief executive officer Pierre Poignant, the activation of the partnership was something they were total behind, seeing it as in line with their group’s values and goals.

“As an e-commerce pioneer in the region, Lazada seeks to continuously accelerate progress in Southeast Asia and encourage every individual to pursue and ignite new possibilities,” said Mr. Poignant.

Adding, “We are honored to be activating Alibaba’s partnership with the IOC under our brand and look forward to bringing more Olympic-related Moments to this region over the next nine years.”

Last weekend, Lazada held a series of engagement initiatives, themed “Every Small Inspiration Matters,” starting with internal employee events across the region.

The Lazada Heart logo mark was also unveiled.

It represents the heartbeat of Southeast Asia, the group said, and is part of Lazada’s refreshed brand idea “Go Where Your Heart Beats” — capturing its evolved brand purpose from an online shopping platform to a lifestyle destination through which people can fulfill their desires. — Michael Angelo S. Murillo

Philippine Olympic Committee set for a special election

By Michael Angelo S. Murillo
Senior Reporter

TO RID the organization of any question in leadership as well as settle conflicts within the group, the Philippine Olympic Committee (POC) has decided to set the holding of a special election.

In a media briefing on Tuesday at the Government Service Insurance System (GSIS) Building in Pasay City, following an extraordinary assembly which was later proclaimed null and void, the POC said it had been agreed upon to hold an election at least by July 5.

Several members of the executive board also signified their intention to resign from their posts to clear the air for moving on, including Joey Romasanta as first vice-president.

It was also announced that the board will function in a “holdover capacity” until the election.

Mr. Romasanta said he has no intention of running as president in the special election, to give way, he said, to “fresh faces and new ideas” in the organization.

Mr. Romasanta assumed the POC presidency on June 18 upon the sudden resignation of Ricky Vargas as president.

“I will no longer run out of delicadeza. We need fresh faces, new ideas in the POC. We cannot go like this forever because we have a divided POC. The POC is a damaged organization. This is an opportunity to correct all the mistakes. This is about the institution,” said Mr. Romasanta.

Adding, “We have done this for us to be stronger. I’ve served this country for so long. I’ve made my mark in Philippine sports. This is the time to give others the opportunity to serve.”

Also offering to resign were POC chairman Abrahan Tolentino, auditor Jonne Go, treasurer Julian Camacho, board members Cynthia Carrion and Clint Aranas and former POC president Peping Cojuangco.

The leadership issue at the POC falls at a crucial juncture with the country set to host the 30th Southeast Asian Games in five months’ time.

Stakeholders are hoping for its prompt resolution so as to channel focus and effort in the SEA Games preparations.

‘Man to beat’ Roger Federer looks to turn number nine Wimbledon dream into reality

LONDON — Historically, emotionally and statistically, Roger Federer remains the man to beat at Wimbledon even at the 21st time of asking.

Forget the creaking knees and advancing years — the Swiss will be 38 in August — not many in SW19 will bet against their adopted favorite achieving Wimbledon history with a ninth men’s title to equal Martina Navratilova’s record singles mark.

Victory would consolidate his position as oldest male champion, a record he set in 2017 when he won his eighth title without dropping a set at the age of 35 years and 342 days.

Federer’s cheerleaders will point to the confidence gleaned from 2019 tournament wins on the hard courts of Dubai — his 100th ATP title — and Miami.

This year’s Wimbledon lead-up has been wrinkle-free after a positive showing at the French Open, where he lost in the semi-finals to Rafa Nadal, and his traditional grass tune-up at last week’s Halle Open, where he triumphed for the 10th time.

But look through the glass differently and this year may tell a whole new story.

Perhaps Federer’s decision to compete at Roland Garros for the first time in four years was actually an acknowledgement that his great powers are waning.

Federer knows that every opportunity to boost his Grand Slam tally of 20 trophies must be grasped or risk being eclipsed by the rejuvenated Nadal.

‘HARD TO BEAT’
The Spaniard’s victory in Paris took his Grand Slam total to 18 while Novak Djokovic has won three of the last four blue-riband events to bring his career tally to 15.

It is possible to make a strong case for all three, with Nick Kyrgios last week making special mention for Federer, whom he predicted will “be hard to beat” on his favorite surface.

Former French Open finalist Alex Corretja is another who has flagged up Federer.

“Federer played a great claycourt season, which gives him the belief he can win Wimbledon again,” said the Spaniard.

Grass has always suited Federer’s aggressive style, which is based on footwork, pace and ability to find sharp angles.

Perhaps the only remaining question is whether the Swiss has the stamina to slug it out against the game’s young guns.

As always the aim remains to win but now it is to do so without expending too much energy.

Last year there were signs that the balance is more difficult to achieve and the eight-times champion squandered match points against Kevin Anderson before exiting in the quarterfinals.

Despite Anderson’s raw power, few at Wimbledon expected Federer to lose that day because for so many years Wimbledon victories came so naturally.

All that can be said with certainty is that should anyone beat the man who has already pocketed $124 million in prize money, he should consider himself champion in waiting. — Reuters

A fair trade

Last week saw a trade in the Philippine Basketball Association which created much buzz over the fairness of it.

I am talking, of course, of the deal involving the Barangay Ginebra San Miguel Kings and Northport Batang Pier where the former received All-Star guard Stanley Pringle from the latter in exchange for veteran Sol Mercado, Jervy Cruz and Kevin Ferrer.

The trade was viewed by stakeholders in the aftermath with much divide, with some saying the defending Commissioner’s Cup champions Kings won in said deal while others said that the Batang Pier did well, and actually won, in dealing away “Stan The Man.”

Having had the opportunity to absorb the deal, including the rationale of both teams in going ahead with the trade, and seeing the new-look rosters of Barangay Ginebra and Northport in action at the weekend, this space would have to say that the players exchange they engaged in was a fair one.

In Pringle the Kings acquired a ready and proven performer without giving away too much.

Pringle is a solid addition to the guard rotation of Barangay Ginebra, which includes fellow All-Stars LA Tenorio and Scottie Thompson. He can play both guard positions, giving his new team flexibility in using him.

At 32 years old, Pringle still has a lot of good years ahead of him, ensuring the Kings a steady hand at the backcourt for the now and the future, especially when Tenorio rides into the sunset.

He is bona-fide take-charge guy who gives the Barangay Ginebra attack another dimension to complement its vaunted triangle offense.

In his first game with the Kings on Sunday against the NLEX Road Warriors, Pringle played well under a new setup.

He had his early struggles, which was understandable especially since he is coming back from surgery to remove bone spurs in his right ankle, but eventually picked things up in helping Barangay Ginebra to the 100-85 victory.

Pringle had 16 points, on an efficient six-of-10 shooting, to go along with eight rebounds, three assists and two steals.

Some work obviously still needs to be done to fully incorporate Pringle to the Kings’ attack but both parties are willing to work it out and that is a good sign.

Over at Northport, things are looking up as well upon acquiring Mercado, Cruz and Ferrer.

The Batang Pier lost a star in his prime in Pringle but got three players who can help it to be competitive in their “recalibration.”

And the arrival of the three could not have been opportune, since the team is dealing with injuries to some of its mainstays, primary of which is Jonathan Grey who is expected to be out for a while because of an ACL injury.

It helps Northport that the three players it got from Barangay Ginebra, like Pringle, are battle-tested, and at the highest level at that (read: championship).

Mercado may be advanced in age but he is still very capable of making things happen on both ends of the court. Cruz when healthy and given enough playing time is a potential double-double guy, notwithstanding being undersized for the four position. Ferrer is a young player who could well be the face in the wing for the Batang Pier for years to come.

In their first game in a Northport uniform?

Mercado had 14 points, five rebounds and five assists; Cruz finished with 16 points and 11 rebounds; and Ferrer wound up with 23 points and six assists. Not bad. Not bad at all. Right?

And the thing about it, they were able to do their thing without disrupting too much the effectiveness of their teammates, with guys like Sean Anthony, Paolo Taha, Robert Bolick and Mo Tautuaa still getting their steady numbers in their big 127-99 win over the Blackwater Elite.

Getting what they needed and seemingly improved their current makeup in the short and long term, both Barangay Ginebra and Northport came out winners in the recent dealing they had between them. And if that is not fair, I do not know what is.

 

Michael Angelo S. Murillo has been a columnist since 2003. He is a BusinessWorld reporter covering the Sports beat.

msmurillo@bworldonline.com

Best of the best

Giannis Antetokounmpo’s acceptance speech lasted all of five minutes, and it could have been over in much less time had he not kept on choking up. He was clearly overwhelmed by the occasion, never mind that he had long been tipped to claim the Maurice Podoloff Trophy in leading the Bucks to a regular-season-best 60 wins. Even as he failed to cap his 2018-19 campaign with a championship, he proved to be the best of the best of the National Basketball Association by far. Like all and sundry, he knew how well he did — enough, at least, to prepare for his time in the podium yesterday.

Still, Antetokounmpo could be forgiven for giving in to his emotions on stage at the Barker Hangar in Los Angeles. His was a decidedly remarkable feat as the third-youngest recipient of the Most Valuable Player award in the last four decades, not to mention just the fifth born outside the United States to hoist the hardware. And, his sterling stat lines notwithstanding, he figures to get even better. His exacting work ethic and commitment to excellence make it a foregone conclusion. Developing a consistent stroke from the perimeter is a matter of when, not if, and when it’s there, he will be tapping virtually unlimited potential.

Significantly, Antetokounmpo’s ascent to the top was a popular one. Granted, it was aided by the type of narrative that invariably resonates with voters. That said, there can be no denying the manner in which he took advantage of the opportunity to shine. With erstwhile King of the East LeBron James transferring conferences, he rose to the throne with authority, backstopped by a new system that maximized his talents and a supporting cast that gladly toiled for the collective. It’s why he was generous in his praise of his coaches and teammates, and why his declaration that the accolade is a shared one didn’t come off as mere lip service.

No doubt, Antetokounmpo will use his latest achievement as motivation to do much, much more. He rightly thanked God for his “amazing” skill set, and he spoke of how his overwhelming desire to honor its source drove him to perform even when he didn’t feel well. Certainly, the mindset is what will lead him to sustained success. After all, what matters is not what he does when things come easy, but how he manages to forge ahead when they don’t.

 

Anthony L. Cuaycong has been writing the Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and Human Resources management, corporate communications, and business development.

Peso rises further versus dollar as US imposes new sanctions on Iran

THE PESO rose further to hit a fresh one-year high on Tuesday as the dollar remained weak due to tensions between the United States and Iran.

The local unit closed at P51.365 versus the greenback yesterday, 2.5 centavos stronger than its P51.39-per-dollar finish last Monday.

This was the peso’s best showing in more than a year or since it closed at P51.31 against the dollar on Feb. 8, 2018.

The peso opened the session at P51.33 per dollar. Its intraday high stood at P51.29 versus the greenback, while its worst showing was at P51.42 against the US currency.

Dollars traded climbed to $771.92 million from the $732 million that switched hands the previous session.

“The dollar-peso traded sideways. We still saw a weak dollar given the tensions between US and Iran,” a trader said in a phone interview.

US President Donald Trump targeted Iranian Supreme Leader Ayatollah Ali Khamenei and other top Iranian officials with sanctions on Monday, taking a dramatic, unprecedented step to increase pressure on Iran after Tehran’s downing of an unmanned American drone.

With tensions running high between the two countries, Mr. Trump signed an executive order imposing the sanctions, which US Treasury Secretary Steven Mnuchin said would lock billions of dollars more in Iranian assets.

Iran would not accept talks with the United States while it is under the threat of sanctions, Iranian ambassador to the United Nations, Majid Takht Ravanchi, told reporters at the United Nations.

The trader added that the peso strengthened in the morning session on increased risk appetite among investors amid optimism on the upcoming trade negotiations between Mr. Trump and Chinese President Xi Jinping on the sidelines of G20 summit in Osaka, Japan later this week.

“In the afternoon session, we saw buying of the dollar after heavy selling in the morning. I think this was position covering, given (US Federal Reserve) Chair (Jerome) Powell will speak tonight to discuss views on their monetary policy and economic outlook for the US,” the trader added.

At its June 18-19 meeting, the Fed’s policy-setting Federal Open Market Committee kept interest rates unchanged but hinted possible rate cuts before yearend. The Fed said it would continue to “act as appropriate” amid market uncertainties.

For today, the trader expects the peso to trade between P51.20 and P51.50, while another trader gave a P51.20-P51.40 range.

“The peso might remain strong amid optimism ahead of the G20 summit this week and the lingering dovish expectations to US Federal Reserve and BSP (Bangko Sentral ng Pilipinas) monetary policies in the succeeding months,” the second trader said in an e-mail. — Karl Angelo N. Vidal with Reuters

Stocks end five-day rally on lack of fresh leads

By Arra B. Francia, Senior Reporter

LOCAL SHARES slumped on Tuesday on a continued lack of catalysts that could boost investor sentiment.

The 30-member Philippine Stock Exchange index (PSEi) dropped 0.32% or 26.49 points to close at 8,034.09 yesterday, snapping a five-day winning streak. The all-shares index likewise fell 0.27% or 13.54 points to 4,909.

“The market closed flat again on a lack of catalysts, ending in the red by only 26 points but managing to hold above the 8,000 mark at 8,034.09. Market still seems to be on a wait-and-see mode for the G20 summit happening at the end of the month,” Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said in an e-mail.

Meanwhile, Regina Capital Development Corp. Head of Sales Luis A. Limlingan attributed the market’s decline to escalating tensions between the United States and Iran.

“The dollar index sliding and Iran sanctions led investors to consolidate ahead of the window dressing this week,” Mr. Limlingan said in a text message.

US President Donald J. Trump said he will be imposing new sanctions on Iran, including on its Supreme Leader Ali Khamenei. Iran called the new sanctions “idiotic,” according to reports, saying that it has permanently closed off the path to diplomacy between the two nations.

Amid escalating tensions, Wall Street indices ended mixed on Monday. The Dow Jones Industrial Average added 0.03% or 8.41 points to 26,727.54. The S&P 500 tumbled 0.17% or 5.11 points to 2,945.35, while the Nasdaq Composite index went down 0.32% or 26.01 points to 8,005.70.

Markets were mostly lower in Asia as investors continued to wait for Mr. Trump’s meeting with Chinese President Xi Jinping. Japan’s Nikkei 225 fell 0.43% or 92.18 points to 21,193.81. The Shanghai Composite retreated 0.87% or 26.07 points to 2,982.07, while the Hang Seng index plummeted 1.28% or 365.54 points to 28,147.46.

Back home, four sectoral indices moved to positive territory, led by mining and oil which soared 2.55% or 187.66 points to 7,547.71. Industrials advanced 0.35% or 42.32 points to 11,883.76; services gained 0.19% or 3.30 points to 1,711.45; while holding firms added 0.09% or 7.62 points to 7,676.85.

In contrast, property lost 1.6% or 69.89 points to 4,293.53, while financials slipped 0.28% or 4.90 points to 1,741.43.

Some 1.20 billion issues valued at P6.58 billion switched hands, lower than Monday’s P9.05 billion.

Decliners outpaced advancers, 102 to 97, while 56 names were unchanged.

Foreign investors switched to net selling mode at P180.57 million, against the previous session’s net inflows worth P18.57 million.

“With the index continuing to hold above the 8,000 mark, bias is still to the upside with resistance at its recent high of 8,139,” Papa Securities’ Mr. Perez said.