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The World’s 2-billion-ton trash problem just got more alarming

By Ann Koh and Anuradha Raghu

THE STENCH of curdled milk wafted from a shipping container of waste at Malaysia’s Port Klang as Environment Minister Yeo Bee Yin told a group of journalists in May she would send the maggot-infested rubbish back where it came from.

Ms. Yeo was voicing a concern that has spread across Southeast Asia, fueling a media storm over the dumping of rich countries’ unwanted waste. About 5.8 million tons of trash was exported between January and November last year, led by shipments from the US, Japan, and Germany, according to Greenpeace.

Now governments across Asia are saying no to the imports, which for decades fed mills that recycled waste plastic. As more and more waste came, the importing countries faced a mounting problem of how to deal with tainted garbage that couldn’t be easily recycled.

“Typically, 70% of a shipment can be processed, and the other 30% is contaminated with food,” said Thomas Wong, manager of Impetus Conceptus Pte., a Singaporean company that shreds locally produced plastic waste before sending it to recycling mills in Malaysia and Vietnam. Contaminated trash is sent to incinerators and landfills for a fee, but some recyclers “just find a corner and burn it,” Mr. Wong said. “The smoke smells just like palm oil, so they hide in a plantation and light up at night.”

Greenpeace investigations in Indonesia, Malaysia, and Thailand revealed illegal recycling, open burning, water contamination, and a rise in illnesses tied to pollution, the organization said in an April 23 report.

When China banned imports in January 2018, it started a domino effect. Shipments were diverted to Southeast Asia which soon became overwhelmed, forcing governments to take action.

Malaysia announced a ban in October. Thailand stopped issuing import licences last year and will likely impose a ban in 2020, according to Yash Lohia, an executive director at Indorama Ventures Pcl., a Bangkok-based plastics producer and recycler. The Philippines said it was sending 69 containers of garbage back to Canada. Indonesia said it will tighten waste-import rules after discovering shipments containing toxic waste. India and Vietnam have also announced restrictions.

Malaysia’s Ms. Yeo said garbage is still getting into the country in falsely declared cargoes, but the government hopes to stop the trade completely by the end of this year.

As Southeast Asia stops accepting the material, companies will look somewhere else, said Mr. Wong at Impetus Conceptus. “I think Africa will be next.”

WASTE GENERATION IS RISING GLOBALLY
But social media have ensured public awareness of the problem in both developing countries and the wealthy nations that export the trash. That will make it increasingly difficult to export unwanted refuse.

“Everyone can voice their opinion on waste,” said Indorama’s Lohia. “That’s when countries start taking this more seriously.”

The long-term message for nations is clear: Deal with your own garbage.

But how to do that? Humans generated 2.01 billion tons of solid waste in 2016 and by 2050, that could rise to 3.4 billion tons, according to the World Bank. About 12% of all municipal waste in 2016 was plastic — 242 million tons of it.

The solution could lie in new technologies and a change in social behavior that reduces and even eliminates the need for landfills and incinerators. Here are some of the ways that companies, local authorities and startups around the world are tackling the problem.

• MINE IT

Most rubbish ends up in a landfill or just chucked into the street to be washed away into rivers and oceans. In giant municipal dumps in countries such as India and Indonesia, informal “trash pickers,” who live near or even on the mountains of rotting garbage, make a living from things they can sell.

Companies tap the methane gas produced by decomposing organic waste trapped in the dumps.

“We are sucking out the gas and using it to make electricity,” said Sarun Tunwattanapong, who is building a five-megawatt power plant in Thailand next to a landfill in Nonthaburi province.

• BURN IT

Trash can be incinerated to produce electricity. In Singapore, the residual ash is dumped by barge to create a new island. But it’s expensive. Dioxins and other emissions produced during burning need to be treated by electrostatic precipitators and lime powder. And it still produces greenhouse gases.

Solid waste can also be gasified at high temperatures using plasma torches to produce syngas, metals, and a glass-rock slag for paving roads. Maharashtra Enviro Power Ltd.’s plant in Pune, India, turns hazardous factory waste into feedstock for boilers.

• SCULPT IT

Artist Joseph-Francis Sumegne scoured rubbish dumps in the 1990s for junk to make the 12-meter-tall New Statue of Liberty monument in Douala, Cameroon. Filipino Oscar Villamiel salvaged thousands of doll heads and debris from a landfill in Manila to create the Payatas installation in 2012. This year, UK duo Tim Noble and Sue Webster’s shadow 2002 waste sculpture Real Life is Rubbish was sold at auction at $75,000.

“Infinite wealth, infinite detritus,” said Bridget Tan, director of the Institute of Southeast Asian Arts and Galleries at Singapore’s Nanyang Academy of Fine Arts. “There’s something to be said for the irony in the obscene excess of consumption.”

• SORT IT

Sorting trash can be an unpleasant job, one reason why a lot of rubbish ends up in developing countries with lower wages.

But technology is increasingly automating the task and making it more efficient. Helsinki’s Zen Robotics Ltd. has developed robots that grab wood and metal from conveyor belts of trash. And in Angelholm, Sweden — ranked the country’s best municipality for waste management — trash collection company NSR AB uses near-infrared beams to identify different types of plastic as the rubbish shoots along a belt. Jets of air remove the plastic items, leaving non-recyclable packaging and organic waste to head to an incinerator to produce power.

Artificial-intelligence systems are being developed to make the process more efficient. “Robots could be an interesting future alternative if they learn to identify plastic material types and if they can sort fast enough,” said Pernilla Ringstrom, a manager at NSR, which collected 538 tons of plastic in 2018 that was made into composite ties for railways or sold to companies in Sweden and Germany.

One challenge is getting people to sort their waste at home. In Taiwan, garbage trucks play classical music tunes like Beethoven’s Fur Elise to alert people to run down from their apartments. Plastics and aluminum cans get tossed into a white truck before it leaves while incineration waste goes into a yellow one.

• WASH IT

In Japan and Europe, recycling rates exceed those in Southeast Asia because citizens give their trash a quick rinse after pouring out leftover liquids, according to Impetus’s Mr. Wong. Food, shampoo and coffee all prevent plastic waste from being recycled. “In Singapore, only 4% of plastics are recycled and the remaining 96% are thrown out,” said Wong. “In Japan and Europe, people take more care and wash things, so their trash isn’t as messy.”

• EAT IT

Singapore’s Taraph Technologies is one of the companies using bacteria or organic processes to tackle the issue. It’s harnessing natural enzymes that digest plastics and turn them into chemicals normally produced in oil refineries. Mono-ethylene glycol from enzyme-eaten plastic bottles can be sold at prices 10 times higher than the value of trash, said Taraph co-founder Liew Mei Shan, who expects the technology to be commercially available in 5 to 10 years.

“Waste collection is a cost,” said Liew. “If we can transform that into a revenue unit to cover expenses, it will become profitable for the collector.”

• REPLACE IT

Startups and companies around the world are looking at alternatives to plastic, which has outpaced the production of almost every other material since the 1950s. Paper straws are making a comeback after widespread social-media campaigns. Food boxes and disposable cutlery are being made from grains or sugarcane waste. As more countries ban plastic bags, supermarkets are looking for other ways to wrap groceries. In Vietnam, some are even wrapping vegetables and meat in banana leaves.

A more high-tech route is being taken by companies such as Netherlands-based Plantics BV, which is using plant-based resins made by polymerizing glycerol and citric acid that can be used instead of petrochemical-derived plastics.

Singapore-based RWDC Industries, which just raised $35 million in two rounds of funding, has launched Solon, a biodegradable polymer produced by microbial fermentation of plant-based oils.

“Plastic takes seconds to produce, minutes to use, but takes centuries to degrade,” said Zhaotan Xiao, the company’s president for Asia-Pacific. “Why are we making single-use disposables with something indestructible?”

• STOP IT

Ultimately, the best solution is to not produce any rubbish that can’t be recycled. That’s the aim of the residents of Kamikatsu, a mountainous village in Japan. Residents already wash oil off gyoza plastic packaging and sort their trash into 45 categories. Styrofoam and dirty plastic are made into lumps of solid fuel, which can be burned instead of coal. Polyester clothes are sold in a local second-hand shop. Clean plastic is taken away by companies such as Kao Corp. for recycling.

Akira Sakano, who heads the town’s Zero Waste Academy, wants to go further. She’s working on eliminating the village’s waste production by 2020. One trial project asks detergent suppliers to set up a stall where people can refill washing-liquid bottles. At a community craft center, seamstresses stitch together a jacket out of red children’s flags.

“We already have solutions in our hands,” said Ms. Sakano. “Innovations like bioplastics and technology are necessary, but also how do we turn our knowledge of sustainable materials in our culture or community into modern life?”

 

BLOOMBERG

PBA Commissioner’s Cup eliminations end today

By Michael Angelo S. Murillo
Senior Reporter

THE elimination round of the Philippine Basketball Association Commissioner’s Cup ends today and it still carries much pack with the final positioning and playoff berth at stake.

Set at the Smart Araneta Coliseum, the San Miguel Beermen (5-5) tussle with the Meralco Bolts (3-7) in the 4:30 p.m. opener while the TNT KaTropa (9-1) battle the Magnolia Hotshots Ang Pambansang Manok (5-5) in the 7 p.m. main game.

The Beermen are currently on a roll, winning three straight to infuse life back to their once-flickering quarterfinal hopes.

A win today over Meralco would put San Miguel in either the fifth or sixth place, depending on the outcome of the second game since the Beermen have an identical card with the Hotshots.

If San Miguel and Magnolia win, the former drops to sixth place since it lost to the latter in their lone encounter in the elimination round. In such a setup, the Beermen will face the third-seeded Blackwater Elite in a best-of-three quarters with the fifth-seeds Hotshots setting up a date with the defending champions and fourth-seeds Barangay Ginebra San Miguel Kings in a best-of-three “Manila Clasico” quarterfinals.

In the event San Miguel wins and Magnolia loses, the Beermen get fifth spot and face off with the Kings and the Hotshots fall to seventh and meet Northport Batang Pier (9-2) ¡with a twice-to-win disadvantage.

On the flip side if San Miguel loses and Magnolia wins, the former falls to sixth.

If San Miguel and Magnolia lose today, however, they fall to a three-way tie with the idle Rain or Shine Elasto Painters at 5-6. In such a scenario, Magnolia takes fifth spot on the strength of having the highest quotient among the three with Rain or Shine getting sixth. The Beermen, with the worst quotient, drop to seventh and will face the second-seeded team Northport (9-2) with a twice-to-win disadvantage.

For Meralco, loser of its last five matches, today’s match with San Miguel is do-or-die.

A win takes the Bolts to 4-7, tied with the Alaska Aces and Phoenix Pulse Fuel Masters.

But with a superior quotient over Phoenix, Meralco and Alaska will play in a playoff match for the eighth seed and the Fuel Masters outright eliminated.

In the event Meralco loses, it is outright eliminated, leaving the Aces and the Fuel Masters to dispute the final quarterfinal spot in a playoff.

TNT, meanwhile, is already assured of a top-two finish and a twice-to-win advantage in the quarterfinals.

A victory today over the Bolts pads TNT’s record to 10-1, earning number one seed and will take on the eighth seed which could either be Alaska, Phoenix or Meralco. A loss though drops the KaTropa to second behind Northport, which dealt them their lone loss in the tournament to date.

Tampa Bay Rays’ d’Arnaud hits three home runs to beat Yanks

NEW YORK — Tampa Bay leadoff man Travis d’Arnaud hit three homers, including a go-ahead three-run shot with two outs in the ninth inning off Aroldis Chapman, and the Rays stunned the host New York Yankees 5-4 Monday night in the opener of a four-game series.

After hitting solo homers in the first and third off James Paxton, d’Arnaud was down to his last strike against Chapman (2-2). On the eighth pitch of his final at-bat, with a full count, d’Arnaud lifted a slider into the second row of the right field seats.

The Rays won their third straight head-to-head meeting with the Yankees — all by one run.

Edwin Encarnacion homered twice for his 36th career multi-homer game, and he gave New York a 4-2 lead with a two-out homer off eventual winning pitcher Andrew Kittredge (1-0) in the eighth.

CARDINALS 7, PIRATES 0
Miles Mikolas scattered eight hits in St. Louis’ first complete-game shutout of the season, a defeat of visiting Pittsburgh in the opener of a three-game series.

The Cardinals, who have won three straight, have thrown four shutouts this year, three of them started by Mikolas. The Pirates have lost four in a row.

Mikolas (6-9) walked none and struck out three. He needed just 100 pitches to go the distance, including 22 pitches to retire the final six batters in order.

DODGERS 16, PHILLIES 2
Cody Bellinger hit two home runs, Max Muncy and Alex Verdugo each homered, and Los Angeles routed host Philadelphia.

Bellinger finished with four hits, including his 32nd and 33rd home runs of the season. Verdugo had three hits for the Dodgers, who ripped 19 hits and won their third game in a row.

Dodgers lefty Clayton Kershaw (8-2) threw 61 pitches through the first three innings and then settled down to toss six solid innings. Kershaw gave up four hits and one run while striking out seven on 101 pitches, 68 for strikes.

BRAVES 4, BREWERS 2
Freddie Freeman delivered a three-run homer for the second straight game, and Atlanta hung on to win at Milwaukee.

Freeman drove his 25th homer over the center field fence in the fourth inning to break up a scoreless game and send the Braves on their way to their fifth straight win. Atlanta won for the eighth time in its past nine games. Freeman is 2-for-15 since the All-Star Game, both hits three-run home runs.

The Braves improved to 3-1 against the Brewers and to a National League-best 30-18 on the road. Atlanta starter Max Fried (10-4) pitched five shutout innings before leaving the game with a blister on his left index finger.

REDS 6, CUBS 3
Eugenio Suarez, Yasiel Puig and Curt Casali homered, and Cincinnati pulled away to defeat host Chicago.

Luis Castillo (9-3) struck out 10 batters over six innings in his first start since appearing in the All-Star Game. Cincinnati won for only the second time in the past six games. Kyle Schwarber went 2-for-5 with a solo home run to lead Chicago at the plate. Jason Heyward finished 2-for-4 with an RBI for the Cubs, whose three-game winning streak ended.

RED SOX 10, BLUE JAYS 8
Michael Chavis crushed a first-inning grand slam, and Andrew Benintendi had two hits and three RBIs as host Boston held off Toronto.

Xander Bogaerts had three hits, and Mookie Betts, Rafael Devers and Brock Holt added two apiece as the Red Sox snapped a two-game skid in the opener of a four-game series. Rick Porcello (7-7) earned the win, allowing four runs on eight hits and no walks while striking out two over six innings.

Billy McKinney hit a two-run home run for the Blue Jays, who lost for the sixth time in their past eight games.

GIANTS 19, ROCKIES 2 (GAME 1)
Brandon Crawford hit two home runs and drove in a career-high eight runs as San Francisco continued its hot hitting in a romp over Colorado in the opener of a doubleheader at Denver.

The Giants jumped on Rockies starter German Marquez (8-5) for 11 runs and 11 hits in 2 2/3 innings en route to the fifth double-digit run explosion in their past 11 games. San Francisco totaled 94 runs in those 11 games. — Reuters

Stags book 2nd victory in a row; Knights win

THE San Sebastian Stags remained unscathed in Season 95 of the National Collegiate Athletic Association, racing to their second straight win with a rout of the Mapua Cardinals, 92-68, on Tuesday at the FilOil Flying V Arena in San Juan City.

Using a strong opening half, the Stags buried the Cardinals in a hole too deep from which the latter could not recover from, handing the win to San Sebastian that improved it to 2-0 early in the season for joint tournament leadership.

In the opening game, the Letran Knights (2-1) notched their second straight win, beating the Jose Rizal University Heavy Bombers, 55-43.

It was all San Sebastian over Mapua, taking the opening frame, 16-11, and bloating things up, 46-23, at the half.

The Stags continued to pile it over their opponents on the lead of veterans RK Ilagan and Alvin Capobres in the third canto.

They did not allow the Cardinals much leverage to have a comeback, keeping their 23-point cushion, 68-45, heading into the final frame.

With the match firmly under its control, San Sebastian spent the early goings of the period checking the Cardinals.

The count was at 82-53 midway into the payoff quarter, and the Stags on top, and San Sebastian cruised to the win from there.

Ilagan top-scored for San Sebastian with 20 points to go along with eight assists.

Allyn Bulanadi added 16 points and Alex Desoyo 14.

Noah Lugo, meanwhile, led Mapua (0-2) with 13 points.

Meanwhile in the first game, Letran booked back-to-back wins after opening its season campaign with a loss.

The Knights used an explosive second quarter to create distance from the Bombers on their way to the victory.

Bonbon Batiller paced Letran with 14 points.

For JRU (0-3) it was RY Dela Rosa who showed the way with 15 markers. — Michael Angelo S. Murillo

Warriors ready new basketball stadium, fueled by tech dollars

SAN FRANCISCO — The Golden State Warriors are weeks from opening a sleek $1.5 billion sports and entertainment complex in San Francisco thanks largely to a years-long tech boom that made it financially feasible, the team’s president said on Monday.

The Warriors, led by ace shooter Stephen Curry, have appeared in the past five straight NBA finals and won three of them. For over 40 years, their home was an aging arena across San Francisco Bay in far less glitzy Oakland.

San Francisco has been transformed in recent years by thousands of tech workers streaming into the city. That boom has also pushed housing costs to unprecedented levels, creating angst among many longtime Bay Area residents that they will not be able to afford to stay.

For some, the Warriors’ move has come to symbolize those changing economics.

Team president Rick Welts said the new Chase Center facility would not have been possible without hundreds of thousands of square feet in office space as part of the development. Ride-share giant Uber is the major tenant.

The Warriors did not receive any public financing for the project, which the team calls unprecedented in modern sports.

Welts led reporters on a tour of the bright, airy facility on Monday, where the yellow hardwood basketball court was just installed. Construction workers put finishing touches on luxury amenities including courtside lounges with their own private wine cellar.

Welts said 70% of Oakland season ticket holders have renewed their seats. He did not yet know how many security guards and concession staff from Oakland will ultimately be able to keep their jobs.

The Warriors obtained the land for Chase Center from Salesforce, whose chief executive Marc Benioff had originally planned to use the site for a new corporate campus but found it too small.

Last year, Benioff backed a successful San Francisco ballot measure to increase funds for homeless services by raising taxes on business. The proposal bitterly split the city’s corporate community.

Welts said the Warriors declined to take a position on the initiative, adding that the team’s major charitable focus was on improving education and life outcomes for kids. The team plans to repurpose its former facilities in Oakland to that end.

“We’re going to teach more kids to play basketball there than I’m guessing any other team in the NBA,” he said. — Reuters

Thurman fight has significance of its own for Pacquiao — analyst

IN MORE THAN two decades of a Hall-of-Fame career, Filipino boxing superstar Manny “Pacman” Pacquiao has seen and done it all. But his upcoming fight against American Keith “One Time” Thurman carries significance of its own, hence the need to look at it with a keen eye, this according to one local fight analyst.

To take the Las Vegas ring anew on July 21, Manila time, 40-year-old Pacquiao (61-7-2) looks to add Mr. Thurman (29-0-1) to his impressive list of conquered and seize the World Boxing Association welterweight title, in itself a solid achievement considering where he is now in his career, said fight analyst Nissi Icasiano.

“If at 40 years old, Pacquiao can engineer a convincing win over Thurman, a world champion who is bigger, stronger and 10 years his junior, it will become arguably the most significant win of his career,” said Mr. Nissi Icasiano when asked by BusinessWorld for his thoughts on the Pacquiao-Thurman fight happening at the MGM Grand Garden Arena in Nevada.

“I’m not implying Thurman is a better fighter than Marco Antonio Barrera, Erik Morales, Juan Manuel Marquez, Oscar De La Hoya, Miguel Cotto or any of the other Hall-of-Famers Pacquiao has defeated in his illustrious career. What I am saying is that under these circumstances with the age and size disadvantages, Pacquiao won’t have a more impressive victory on his resume,” the analyst added.

Both Messrs. Pacquiao and Thurman are currently on a roll heading into the clash, making the scheduled 12-round title fight, Mr. Icasiano said, a logical and exciting collision, but making the American a very dangerous opponent as well for the Filipino legend, who is also a sitting senator of the republic.

“Thurman has always been a thoughtful and elegant pugilist who is eager to show his technical expertise in the ring. I describe his style as a boxer-puncher. He has the ability to box while possessing a one-punch knockout power,” Mr. Icasiano said of WBA champion Thurman.

“Thurman will look to use his size and strength as an advantage. In particular, he’ll look to keep Pacquiao at distance with his jab and dictate where the action takes place in the ring,” the analyst added.

That being said, Mr. Icasiano said Mr. Pacquiao must be in his utmost best and play his cards correctly, lest he find himself at the raw end of the deal.

“In his last loss to Jeff Horn [in 2017], Pacquiao dropped a decision because Horn used his size to become the aggressor in the fight.,” the analyst said.

“Meanwhile, Pacquiao has made a career out of breaking down fighters who are often bigger, stronger and younger than he is. Since 2013, Pacquiao won fights convincingly by throwing significantly higher percentages of power punches, and he’ll look to take a similar approach against Thurman. He’ll be forward-moving and will try to slip inside, where height and reach don’t have a significant impact. Pacquiao should avoid being reckless against Thurman,” Mr. Icasiano added. — Michael Angelo S. Murillo

Warriors GM saw no way to retain Kevin Durant

LOS ANGELES — Golden State general manager Bob Myers was hopeful his team would retain Kevin Durant since it could offer a five-year, $221 million contact but said Monday that there wasn’t anything the Warriors could have done to keep the superstar with the team.

“He felt like it was something inside of him and his heart that he wanted to try something different,” Myers told reporters at the team’s practice facility. “There was nothing wrong about it. I’m at peace about it. I hope our fans can be, too. He’s one of the best athletes we’ve ever seen come through our city and certainly this organization.”

Durant accepted a four-year, $164 million free agent deal from the Brooklyn Nets. He could end up missing the entire first season of his new contract as he recovers from a ruptured Achilles sustained during the NBA Finals in June.

The Warriors and Nets engineered a sign-and-trade deal involving Durant, and Golden State ended up with All-Star guard D’Angelo Russell, who agreed to a four-year, $117 million contract. Myers refuted speculation that the Warriors are willing to ship Russell for multiple assets to help in their reloading process.

BEN SIMMONS
Point guard Ben Simmons and the Philadelphia 76ers agreed to a five-year, $170 million maximum contract extension, The Athletic’s Shams Charania reported.

Agent Rich Paul confirmed the deal, Charania said. Simmons, who turns 23 on Friday, made his first All-Star team in the 2018-19 season and averaged 16.9 points, 8.8 rebounds, 7.7 assists and 1.4 steals in 79 starts.

The 6-foot-10 Australian was the No. 1 overall pick in the 2016 NBA Draft and won NBA Rookie of the Year honors in 2017-18.

CUBAN FINED
Dallas Mavericks owner Mark Cuban was fined $50,000 by the NBA for leaking information from a recent Broad of Governors meeting to a reporter, ESPN reported.

Cuban was disciplined because league rules prohibit discussing Board of Governors information with reporters or other outsiders. The league office released a memo to inform teams of the fine but didn’t announce it publicly, according to ESPN.

“I appreciate the irony of your reporting on a fine that someone should, but won’t, get fined for leaking to you,” Mr. Cuban told ESPN. He reportedly admitted to leaking information about the league’s decision to allow coaches the ability to challenge referees’ calls.

The Milwaukee Bucks locked up veteran shooting guard Wesley Matthews with a two-year, $5.26 million contract, The Athletic reported.

The deal includes a player option for the 2020-21 season, according to the report. Matthews, 32, played for the Dallas Mavericks, New York Knicks and Indiana Pacers last season and averaged a combined 12.2 points, 2.5 rebounds and 2.3 assists in 69 games (68 starts).

Matthews played with the Utah Jazz (2009-10) and Portland Trail Blazers (2010-15) before spending three-plus seasons with Dallas. He has made at least 150 3-pointers in eight of the past nine seasons, including a career-high 201 with the Trail Blazers in 2013-14.

The Cleveland Cavaliers waived veteran JR Smith in order to stay below the NBA’s luxury-tax threshold. — Reuters

Expanded pool

The preparations of Gilas Pilipinas for the FIBA Basketball World Cup in China beginning late next month took further form on Monday night with the naming of the player pool from which the team representing the Philippines will be drawn from.

National team coach Yeng Guiao and the rest of the Gilas think tank decided to expand the pool to include players that could potential help in our campaign in the prestigious basketball spectacle happening from Aug. 31 to Sept. 15.

Heading the 19-man pool is naturalized player Andray Blatche, joined by Gilas staples June Mar Fajardo, Japeth Aguilar, Marcio Lassiter, Mark Barroca, Kiefer Ravena, Paul Lee, Roger Pogoy, Matthew Wright, Raymond Almazan, Troy Rosario, Gabe Norwood, Poy Erram and Beau Belga.

Seniors team newbies and Philippine Basketball Association rookies Robert Bolick and CJ Perez are also part of the pool and so do naturalized players Christian Standhardinger and Stanley Pringle.

Also added to the list of players submitted to the Samahang Basketbol ng Pilipinas, and correspondingly approved by the federation, was Filipino-American National Basketball Association star Jordan Clarkson.

From the pool of 19, the players later will be narrowed to 12 who will see action in the World Cup.

Looking at the pool, one thing stands out for this space is how it is not necessarily “All Star-laden,” representative of Guiao as a coach and the way to go, really, in international competitions.

Sure, Fajardo, Lee, Aguilar, Ravena and Rosario, among others, are there, but them being stars in the PBA is not the sole reason they are part of the pool but more of what they can bring to the table to help the Philippines’ cause in the World Cup.

An All-Star team like in the past is no longer an assurance that we will do well in international hoops wars, and going anew for serviceability over star value in this case is a tack in the right direction.

I like the composition of the players as we have shot and playmakers, shooters, defensive and athletic players to choose and craft our attack from.

It’s not the biggest of teams relative to what we are set to face in the World Cup but we have some ceiling and heft to compete.

Reports have it that Blatche arrived at the weekend in game shape and determined to make another solid run in the quadrennial tournament; which is well and good as competitions past had shown, how far he goes so does the team. A healthier kuya (big brother) Andray is surely a boon to the Philippine team.

It remains to be seen if Clarkson, Standhardinger and Pringle as naturalized players will get to play for the Philippines in the World Cup but their inclusion in the pool is still significant.

“C-Stand” and “Stan The Man” being in the practices at the very least could help the team prepare better with their experience playing in international competitions, and their input will be valuable.

The Cleveland Cavaliers’ Clarkson is hoped to play as a local player for Gilas under an appeal made by the SBP to FIBA.

With him in the pool we could have another potentially solid local player, whose possible partnership with former NBA campaigner Blatche could do wonders for our campaign.

In the World Cup the top basketball teams are set to descend and most surely it will be a tough road for Gilas.

But it is reassuring that the team is at least making sure that we have a fighting chance by forming a competitive team and exhausting the best possible ways to go about it.

All the best to Coach Yeng and the rest of the team. Laban Pilipinas!

 

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

msmurillo@bworldonline.com

Sterling game

Simona Halep was the decided underdog heading into the Wimbledon women’s singles final. For one thing, her skill set felt suited for any surface other than grass; she boasted of a baseline-centric game that relied on her athleticism and determination to keep balls in play, and until such time when an opportunity to attack presented itself. In contrast, the ultra-fast courts of the All England Lawn Tennis and Croquet Club placed a premium on booming serves and powerful groundstrokes — characteristics that her opponent for the Venus Rosewater Dish just so happened to possess in spades.

For Halep, the fact that Serena Williams was on the other side of the net served to highlight the seemingly Sisyphean nature of her task. Not for nothing was her career record against the seven-time Wimbledon champion an anemic one and nine. And it didn’t help that her 2019 slate was a frustrating mix of sterling showings and poor performances. Nonetheless, she was focused and confident of her position, which, if nothing else, eased the pressure on her to win. Precisely because most quarters figured she was destined for a bridesmaid finish, she found herself ready to accept any outcome for as long as she managed to do her best.

As things turned out, Halep’s best was precisely what the capacity crowd at Centre Court witnessed. As opposed to Williams’ typically slow start, her sharpest was evident from the outset. She stayed on her toes all throughout, moving decisively and anticipating the howitzers that came her way with such precision as to set up effective counterpunches. And when the dust cleared, she didn’t just earn the right to hoist the hardware; the manner in which she dispatched a supposedly superior stalwart was seen to cement her claim to a spot in the Hall of Fame.

Indeed, so complete was Halep that she surrendered only two games in each set, and committed a paltry three unforced errors all told. And so one-sided was the match in her favor that it lasted four minutes short of an hour. At the awarding ceremony, Williams couldn’t help but acknowledge her outstanding effort. “She literally played out of her mind,” noted the runner-up for the second straight year. “It was a little bit deer in the headlights for me.” To be sure, a number of factors led to the outcome, and most out of her control. Nonetheless, there can be no discounting those she did, giving her the impetus to play the best match of her life.

 

Anthony L. Cuaycong has been writing 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 strengthens to P50:$1 level ahead of key US economic data

THE PESO continued to strengthen against the dollar on Tuesday to hit a new high on the back of profit taking ahead of the release of some US economic data.

The local currency ended yesterday’s session at P50.90 versus the greenback, 10 centavos higher than its P51-per-dollar finish last Monday.

This was the peso’s best showing in nearly one-and-a-half years or since it closed at P50.84 against the dollar on Jan. 26, 2018.

The peso opened the session at its worst showing of P51 per dollar, while its intraday high stood at P50.88 against the US currency.

Dollars traded surged to $1.045 billion from the $744.96 million that switched hands the previous session.

“The local currency continued in its strengthening as participants took profits ahead of likely weaker US retail sales report,” a trader said in an e-mail on Tuesday.

According to a poll conducted by Reuters, retail sales in the US likely edged up by 0.1% in June. If realized, this would be slower than the 0.5% growth in May, as households bought more automobiles and other goods.

Apart from retail sales data, another trader said market participants are also awaiting June US industrial production data.

“The dollar-peso breached the support level at P51, although it was capped at P50.88 since market players most likely took profit ahead of the upcoming data,” the second trader said.

The trader added that the peso continued to strengthen yesterday as the market was still pricing in a weaker dollar due to expectation of a cut from the US Federal Reserve.

Last week, Fed chair Jerome Powell hinted on a possible cut in interest rates, saying it will “act as appropriate” to sustain expansion given the headwinds that are weighing on the economy.

“I think the dollar moving lower is overdone, so there’s some profit taking going on already,” the second trader said.

For today, the first trader expects the peso to trade between P50.75 and P50.95 against the greenback, while the other gave a P50.80-P51.10 range.

Meanwhile, other emerging Asian currencies largely held to the sidelines on Tuesday as investors were reluctant to make any big bets ahead of US retail sales and a host of speeches from Federal Reserve officials later in the global day.

Market focus is firmly on a widely-expected US Federal Reserve rate cut later this month, with traders keenly assessing data from the world’s largest economy to gauge the extent to which the Fed might be willing to ease monetary policy.

“A very cautious start for risk assets this morning with trader positioning gingerly knowing that the rest of the week is potholed by Fed speakers and critical US data releases,” Stephen Innes, managing partner at Vanguard Markets Pte Ltd said in a note.

Mr. Powell and Federal Reserve Governor Michelle Bowman will be among those making speeches later in the day.

The Fed will also release its key Beige Book on US economic conditions on Wednesday, which investors will study for insight on how trade tensions are affecting the business outlook.

Most Asian currencies had advanced in the previous session after monthly Chinese data showed signs that Beijing’s stepped-up stimulus efforts might be helping to stabilize the world’s second largest economy. — Karl Angelo N. Vidal with Reuters

Local stocks slump on last-minute profit taking

STOCKS failed to sustain their momentum on Tuesday on last-minute profit taking due to developments in the US-China trade war.

The Philippine Stock Exchange index (PSEi) lost 1.21% or 101.72 points to finish at 8,263.57 yesterday. The all-shares index also gave up 0.61% or 30.97 points to close at 5,012.99.

“The local market succumbed to last-minute profit taking on Sino-US trade sanction news headlining the market. Treasury Secretary Steven Mnuchin said he and Trade Representative Robert Lighthizer expect to speak by phone with Chinese officials this week about continuing negotiations,” Luis A. Limlingan, head of sales of Regina Capital Development Corp., said in a mobile message.

Mr. Mnuchin on Monday said he expects to have another telephone call with Chinese officials this week as part of resumed discussions about a trade agreement.

US President Donald Trump and Chinese President Xi Jinping last month agreed to another truce in the year-long trade spat between the world’s two largest economies.

“Separately, China may sanction firms like General Dynamics, Honeywell and Raytheon if the US sells weapons to Taiwan. The People’s Daily newspaper said their non-defense businesses in China may be boycotted in an article circulated on WeChat,” Mr. Limlingan said.

China’s government and Chinese companies will cut business ties with US firms selling arms to Taiwan, China’s Foreign Ministry said on Monday, declining to give details of the sanctions in a move likely to worsen already poor ties with Washington.

Last week, the Pentagon said the US State department had approved the sale of the weapons requested by Taiwan, including 108 General Dynamics Corp. M1A2T Abrams tanks and 250 Stinger missiles, which are manufactured by Raytheon.

The latest deal involves $2.2 billion worth of tanks, missiles and related equipment for Taiwan.

On Wall Street, The Dow Jones Industrial Average rose 27.13 points or 0.1% to 27,359.16; the S&P 500 gained 0.53 point or 0.02% to 3,014.30; and the Nasdaq Composite added 14.04 points or 0.17% to 8,258.19.

Back home, most sectors ended lower led by services, which went down 1.9% or 32.69 points to 1,680.33. Property lost 1.65% or 74.38 points to end at 4,432.91; industrials declined by 1.21% or 145.92 points to 11,861.92; and holding firms gave up 0.86% or 68.97 points to 7,947.78.

On the other hand, mining and oil gained 3.69% or 277.90 points to close at 7,794.27, while financials added 0.26% or 4.83 points to 1,854.05.

Value turnover climbed to P10.49 billion yesterday as 1.21 billion shares changed hands, higher than Monday’s P8.51 billion.

Advancers outnumbered decliners, 121 to 85, while 48 names ended flat.

Net foreign buying also rose to P1.18 billion on Tuesday from the previous session’s P1.04 billion. — V.M.P. Galang with Reuters

Duterte may cut ties with Iceland over UN probe

By Arjay L. Balinbin, Reporter

PRESIDENT Rodrigo R. Duterte is seriously considering cutting diplomatic ties with Iceland after it won United Nations support to have the Philippines investigated for its deadly war on drugs, his spokesman said yesterday.

“The two of us can only speculate that maybe some activists are feeding Iceland with the wrong information,” presidential spokesman Salvador S. Panelo told reporters in Manila.

The UN Human Rights Council on July 11 ordered its human rights office to present a comprehensive report as it expressed concerns about human rights violations in the Philippines. The body adopted a resolution that Iceland proposed and 17 other nations supported.

Foreign Affairs Secretary Teodoro L. Locsin, Jr. begs to disagree, saying the nation will keep ties with Iceland, nor will it withdraw from the UN council.

“The UNHRC vote is a small and harmless matter and we’re staying in UNHRC as a pedagogical duty to teach Europeans moral manners,” he said in a social media post on Tuesday.

“We’re NOT severing diplomatic relations with any country. If we did, where’s the conversation? How do you insult those who insulted us if you cut them off?”

Mr. Locsin at the weekend hinted at the possibility of withdrawing from the UN body, just as the United States did in June 2018.

The UN council had urged the government to cooperate with UN offices by allowing visits by its officials and by “refraining from all acts of intimidation or retaliation.”

The Philippines, where police have admitted killing more than 6,000 drug suspects, has rejected the decision and will remain unrelenting in its campaign against illegal drugs, Executive Secretary Salvador C. Medialdea said in a statement on Monday.

Mr. Panelo said trade relations with Iceland would continue because these will benefit both countries.

Philippine exports to Iceland of mostly resins, gems and metals, and electronic equipment more than tripled last year to $749,302 from a year earlier, according to data posted on the United Nations Comtrade website. Imports of mostly machinery, fish and dairy products from the Nordic country more than doubled to $916,246 during the same period.

Iceland ranked 132nd among the Philippines’ 221 trading partners in 2018, according to the Trade department. It ranked 121st as an import supplier and 127th as an exporter.

“We have very few Filipinos workers in Iceland and it’s not one of our major trading partners,” Dennis C. Coronacion, who heads the University of Santo Tomas Political Science Department, said in a text message.

But severing ties with Iceland could tarnish Philippine image globally and a bad perception could turn away foreign investors, he said.

“Our image as a country that upholds the rule of law, protects human rights and fosters international cooperation is going to suffer,” Mr. Coronacion said.

FOREIGN AFFAIRS
The two countries have been steady maritime partners as well as in the areas of mining, renewable energy, medical services, fisheries and geothermal energy, according to the Philippine Embassy website.

Filipinos make up the biggest group of Asian immigrants in the Nordic country.

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