Home Blog Page 10773

Nationwide round-up

Fugitive behind illegal Japanese Manga site nabbed

THE ALLEGED manager of “Manga-Mura,” an illegal viewing Web site of Japanese cartoons or Manga, a fugitive wanted in Japan for copyright law infringement, was arrested last July 7 by the Bureau of Immigration. In a press release, BI Intelligence Office Bobby R. Raquepo identified the Japanese-German-Israeli suspect as 28-year old Romi Hoshino, also known as Zakay Romi. The Association of Copyright of Japan said the cost of damages inflicted by Manga-Mura, which operated from January 2016 to April 2018, is approximately 320 billion yen ($2.9 billion) and was said to be the “worst violation of the Copyright Law of Japan.” Mr. Raquepo said the Embassy of Japan in Manila requested the NBI’s help in locating and arresting the suspect. “The Japanese embassy informed us that they will conduct the necessary coordination with the Israeli and German Embassy regarding the fugitive’s deportation to Japan,” Commissioner Jaime H. Morente said. — Vann Marlo M. Villegas

New PhilHealth president to prioritize reorganization, better IT system

THE NEWLY-appointed president and chief executive officer of Philippine Health Insurance Corp. (PhilHealth), Ricardo C. Morales, said he will prioritize the agency’s reorganization and improvement of its information technology (IT) systems. “We are conducting a study on this, on changes that have to be made, positions that will be created, positions that will be merged. Ang purpose diyan (The purpose for that) is to be efficient and economical,” Mr. Morales said on Tuesday as he made his first appearance as PhilHealth head during the agency’s Kapihan with Media. The retired general stressed that the reorganization is particularly crucial with the impending implementation of the Universal Health Care (UHC) Law. Under the UHC, all Filipinos will automatically become PhilHealth members.

IT SYSTEMS
Mr. Morales also said that he will look at improving the IT systems to make PhilHealth less prone to fraud. “(We want to) reduce the face-to-face transaction and rely on an information system that will be more efficient and less prone to corruption,” he said, adding that they are currently studying the health systems of other countries. PhilHealth Senior Vice President Rodolfo B. Del Rosario Jr., meanwhile, said they are currently reviewing the available budget for better IT systems, with most of the related services being outsourced. “Isa yung problema namin ay (One of our problems is the) procurement because most of these are outsourced. We are reviewing now the budget because sometimes, either no one bids or the bidding fails,” he said in an interview with reporters on Monday. — Gillian M. Cortez

Police launches ‘revitalized’ cleansing program amid series of reported abuses by cops

THE PHILIPPINE National Police (PNP) launched on Tuesday a “revitalized” internal cleansing program amid recent reports of abuses by cops as well as continued criticism over alleged human rights violations in the government’s war against illegal drugs. “[This is] to revitalize their knowledge and appreciation of Human Rights Principles and Standards, and most importantly to keep on reminding them not to repeat the same mistakes especially on operation of our anti-illegal drugs campaign,” said PNP chief Gen. Oscar D. Albayalde during a press briefing at Camp Crame, July 9. The cleansing program will put emphasis on values formation and spiritual development and strengthening of families of PNP personnel. Further, Mr. Albayalde pointed out that 2,400 policemen have been dismissed from service for various administrative cases and 422 for involvement in drug-related cases. In response to the latest report by rights group Amnesty International, Mr. Albayalde said he respects their findings but pointed out that the number of alleged killings have never been proven. “Allegations of killings were never proven. All our anti-illegal drugs operations continue to be conducted within the bounds of the law with utmost respect for human rights,” said the PNP chief. PNP data from July 2016 to date show the police arrested a total of 240,565 drug personalities and cleared over 12,000 barangays of illegal drug trafficking and abuse. — Vince Angelo C. Ferreras

President’s spokesman excited to ‘educate’ Amal Clooney on Ressa case

PRESIDENTIAL Spokesperson Salvador S. Panelo. — PHILSTAR/JOVENCIO CAGANDE

HUMAN RIGHTS lawyer Amal Clooney will lead a team of international lawyers that will represent online news site Rappler Chief Executive Officer and Executive Editor Maria A. Ressa, who is facing various charges, including tax evasion and cyber-libel. Presidential Spokesperson Salvador S. Panelo, in a briefing in Malacañang Tuesday, said he is excited to debate with Ms Clooney and “educate” her regarding Ms. Ressa’s cases. In a press release, law firm Doughty Street Chambers said Ms. Clooney and lawyer MS. Gallagher will work closely with the US counsel at law firm Covington & Burling LLP, and will coordinate with Ms. Ressa’s domestic counsel in Manila. “Maria Ressa is a courageous journalist who is being persecuted for reporting the news and standing up to human rights abuses. We will pursue all available legal remedies to vindicate her rights and defend press freedom and the rule of law in the Philippines,” Ms. Clooney was quoted as saying. In the release, Ms. Ressa said: “I have been targeted and attacked simply for being an independent journalist. I am delighted that Amal Clooney and her team will be representing me at the international level to challenge the violations of my rights and those of the media organization I represent.” Aside from tax evasion charges, Ms. Ressa and Rappler are also charged for alleged violation of the Anti-Dummy Law in connection with Philippine Depositary Receipts (PDRs) it issued to Omidyar Network Fund, LLC in 2015. Mr. Panelo said Ms. Clooney cannot appear in Philippine courts representing Ms. Ressa as she is not a member of the Integrated Bar of the Philippines. “Kumbaga baka (Maybe just as as) consultant (or) spokesperson,” he said. He added that he is “excited to debate” with Ms. Clooney, who once filed a case against the Philippine government before the United Nations over the detention of former president Goria M. Arroyo. — Vann Marlo M. Villegas and Arjay L. Balinbin

Nation at a Glance — (07/10/19)

News stories from across the nation. Visit www.bworldonline.com (section: The Nation) to read more national and regional news from the Philippines.

Nation at a Glance — (07/10/19)

Magnolia looks to arrest skid and book QF berth

By Michael Angelo S. Murillo
Senior Reporter

LOSERS of their last two matches which has prevented them from barging into the quarterfinals of the Philippine Basketball Association Commissioner’s Cup, the Magnolia Hotshots Pambansang Manok are out to arrest their skid when they collide with the Rain or Shine Elasto Painters in league action today at the Smart Araneta Coliseum.

Currently sporting a 5-4 record and good for fifth spot, the Hotshots go for that one important win against the Elasto Painters in their 4:30 p.m. encounter that would assure it of a spot in the next round of the midseason PBA tournament.

Magnolia had two good shots at claiming outright entry previously but saw itself at the raw end in each of its matches with the Blackwater Elite and Barangay Ginebra San Miguel Kings in that order.

Against the Kings on Sunday in their “Manila Clasico” match, the Hotshots had it a tale of two halves wherein they played solidly in the opening half but failed to sustain it in the second half en route to bowing down, 102-81.

Import James Farr had a solid outing with 34 points, 21 rebounds and three blocks for Magnolia while Mark Barroca and Ian Sangalang had 16 and 14 points, respectively.

The Hotshots, however, were outscored, 56-34, in the second half by Justin Brownlee and the Kings which all but did them in the game.

Following the defeat, Magnolia coach Chito Victolero lamented their failure to keep in step with the Kings in the second half and play their own style of basketball.

“We had a problem defensively in the second half. I think we allowed them to score too much in the third quarter and that is not us,” said the Magnolia coach.

“It’s two straight losses for us after winning five straight. Hopefully we get to bounce back next time,” Mr. Victolero added.

Out to derail Magnolia while padding their own cause, meanwhile, are the Elasto Painters (4-5).

Still have their quarterfinal chances on the fringes, the Elasto Painters did their push a service by hacking out a gutsy 86-84 victory over the Alaska Aces on July 6.

The team, however, lost in said game import Denzel Bowles who injured his knee in the second quarter upon collision with Aces forward Jeron Teng.

It was later confirmed that Mr. Bowles sustained a medial meniscus tear and a small medial collateral ligament tear in his knee and will be out for the remainder of the tournament.

In nine games with the Elasto Painters, Mr. Bowles averaged steady numbers of 28.9 points, 11.8 rebounds, 4.3 assists and 1.3 blocks.

In place of Mr. Bowles is Carl Montgomery who will make his debut against Magnolia today.

The 6’8” Montgomery, 30, is coming off a stint in the Malaysian Pro League and is a product of Chicago State in the US National Collegiate Athletic Association before playing in Europe.

Rain or Shine is hoping its new import gets to adjust quickly so as to help the team in its playoff push.

Meanwhile, playing in the 7 p.m. main game today are the San Miguel Beermen (3-5) and Phoenix Pulse Fuel Masters (4-5).

The two teams are coming off contrasting results last time around with the Beermen winning, 109-105, over the NLEX Road Warriors, and the Fuel Masters dropping a close one to Columbian Dyip, 100-98.

A win will be a big boost in their respective bids for a spot in the quarterfinals.

College of Saint Benilde edges tough EAC, 69-66

By Michael Angelo S. Murillo
Senior Reporter

THE COLLEGE of Saint Benilde Blazers survived a tough challenge from the Emilio Aguinaldo College Generals in their National Collegiate Athletic Association Season 95 debut on Tuesday, holding on to a narrow 69-66 victory at the FilOil Flying V Arena in San Juan City.

Had its way for much of the contest, CSB received a spirited fight-back from EAC down the stretch but did just enough to keep its head afloat to book its first victory in the brand-new season of the country’s oldest collegiate league.

The game got off to a competitive start with both teams making runs and counter-runs.

CSB, however, was able to create some separation, led by Justin Gutang, as the opening quarter drew to a close, building a 17-12 advantage.

The Blazers maintained the momentum to begin the second quarter, outscoring the Generals, 7-2, in the first three minutes to stretch their lead to 10 points, 24-14.

JC Luciano and JP Maguliano tried to rally the Generals back and make up for lost ground but saw themselves continue to trail, 37-23, at the half.

Recognizing that the game was slipping from their hands, the Generals came out the third quarter with more life.

They were able to get some early traction only to find a Gutang-led Blazers standing its ground.

The score was at 44-29, and CSB on top, by the 5:43 mark of the frame before eventually settling at 57-44 heading into the fourth quarter.

With control of the much, the Blazers went for an early finish, extending their lead to 17 points, 65-48, with just three minutes lapsing as guard Unique Naboa and center Kendrix Balgica started to make their presence felt.

But EAC was undeterred and on the lead of Jethro Mendoza they went on an 11-0 run in the next two minutes to trim its deficit to a single digit, 65-59.

The Generals kept pushing forward, down by just two points, 67-65, entering the last two minutes.

Both teams had their chances to advance their respective causes as time wore down.

A split on the charity lane by Jimboy Pasturan made it a three-point lead for CSB, 68-65, with eight seconds remaining.

EAC came two within two points, 68-66, after Marwin Taywan hit one of two free throws with three seconds left.

The Generals were forced to foul off a CSB timeout but Pasturan once again split his charities, opening the door still for the Generals, 69-66, with 2.4 seconds to go.

They set up for a three-point shot to tie the contest but Maguliano’s desperation heave failed to hit the mark, preserving the win for the Blazers.

Pasturan led CSB with 19 points with Gutang adding a double-double of 17 points and 12 rebounds in the win.

The Blazers played sans key cogs Yankie Haruna and Clement Leutcheu who were out because of injuries.

For EAC it was Maguliano who top-scored with 18 points, followed by Mendoza with 16.

Top clubs Kaya, Ceres in marquee PFL match

CHAMPION clubs Kaya FC-Iloilo and Ceres-Negros FC go into battle in the lone midweek fixture of the Philippines Football League today at the Philippine Football Federation National Training Center in Carmona, Cavite.

The number one and two teams currently in the PFL, both Kaya and Ceres are out to book a victory in their scheduled 3:30 p.m. match to shore up their spots at the summit of the standings.

Copa Paulino Alcantara champion Kaya (5-1-0), league-leading with 16 points, saw its unbeaten run in the PFL come to an end on July 6 after being held to a nil-nil draw by Green Archers United FC.

It was an outcome that the team said it could have avoided had it showed more spirit to go for the finish and take advantage of its chances.

Nonetheless, Kaya hopes to address its shortcomings in today’s game.

Defending league champion Ceres (4-1-0), meanwhile, has been on a tear since coming back from its campaign in the AFC Cup, winning back-to-back matches to slowly creep its way up the standings where it is now second with 13 points.

The latest of the win of the “Busmen” was at the expense of Green Archers United, 4-3, on July 3.

Goals each from OJ Porteria, Stephan Shrock and Bienvenido Maranon and an own goal by GAU made the win possible for Ceres.

The Kaya-Ceres match will be shown live over pfltv.ph and Facebook live. — Michael Angelo S. Murillo

Stacked Aug. ONE Manila event further solidifies

AN already-stacked Manila card in August of ONE Championship got loaded some more with recent additions and changes made by the promotion this week.

In an announcement on Monday, ONE shared “tweaks” for its “Dawn of Heroes” event on Aug. 2 at the Mall of Asia Arena, making it all the more the biggest fight card for ONE in the Philippines to date.

Filipino flyweight contender Danny “The King” Kingad, ONE announced, will now battle Australian Reece “Lightning” McLaren in the flyweight grand prix semifinals.

Mr. McLaren takes the place of Kairat Akhmetov of Kazakhstan, who was scheduled to face Mr. Kingad before a reported calf injury sidelined him.

Dawn of Heroes will mark the first time that Messrs. Kingad (10-1) and McLaren (12-6) will face each other in ONE.

Mr. Kingad earned a spot in the semifinals after emerging victorious over Japanese Senzo Ikeda in the grand prix quarterfinals in March in Japan.

Mr. McLaren, meanwhile, lost to Mr. Akhmetov in the quarters but now has a chance to redeem himself.

Also now part of Dawn of Heroes is former world flyweight champion Geje “Gravity” Eustaquio of the Philippines, who is on board in a flyweight world grand prix alternate bout against Japanese Yuya Wakamatsu.

Mr. Wakamatsu was supposed to face Mr. McLaren until the latter was called up to take on Mr. Kingad.

Former champ Eustaquio (12-7) bounced back in his last fight, beating Korean Kyu Sung Kim in May, after losing his belt against Brazilian Adriano Moraes in January.

Mr. Wakamatsu (10-4) is coming off back-to-back losses, the last one versus mixed martial arts legend Demetrious “Mighty Mouse” Johnson in the flyweight grand prix quarterfinals in March.

Another add-on is former ONE world title challenger Mauro “The Hammer” Cerilli of Italy against ONE Championship newcomer and former Ultimate Fighting Championship fighter Arjan Bhullar of India in a heavyweight contest. These latest additional offerings fortify Dawn of Heroes which is headlined by the ONE world featherweight championship fight between champion Martin “The Situ-Asian” Nguyen of Australia versus Kyomi Matsushima of Japan, itself a recent addition to the event.

Co-headlining is the ONE flyweight muay thai world title fight between reigning champ Jonathan Haggerty and challenger Rodtang Jitmuangnon.

Other fights have former lightweight champion Eduard “Landslide” Folayang of the Philippines against American Eddie “The Underground King” Alvarez; Mr. Johnson versus Japanese Tatsumitsu Wada in a flyweight grand prix semifinal; and Filipino Honorio “The Rock” Banario against Russian Timofey Nastyukhin in a lightweight grand prix semifinal. — Michael Angelo S. Murillo

Halep ends wayward Gauff’s Wimbledon dream

LONDON — Coco Gauff’s dream Wimbledon run came to an abrupt end on Monday when the consistency of seventh seed and former world number one Simona Halep proved a step too far for the 15-year-old American, who went down 6-3 6-3 in only 75 minutes.

After stunning Venus Williams then saving two match points en route to beating Polona Hercog last week, Gauff was suddenly the hottest ticket in town but she was always going to find it tough against Halep, last year’s French Open champion and the first top-10 opponent she had ever faced.

Bidding to become the youngest Wimbledon quarter-finalist since fellow-15-year-old Jennifer Capriati in 1991, Gauff was by no means overawed, keeping the crowd entertained with some crashing backhands and athletic recoveries, but there were also far too many simple errors that the American was never going to get away with at this stage of the tournament.

Halep, who had given an indication of her form when dismissing the dangerous Victoria Azarenka in the last round, initially struggled, including in the third game where she sent down three successive double faults.

But Gauff was even more inconsistent, mixing up some superb shots with some pretty awful ones.

Halep then began to find her range and quickly realized that she did not need to take too many risks, keeping the ball in play, accepting that the occasional winner would whistle past her but more often winning the point via a Gauff mistake.

That was enough to take the first set and the pattern continued, with more emphasis in a quickfire second.

MEDICAL TREATMENT
Gauff, who needed courtside medical treatment between the sets, started to snatch at her shots and became too loose while Halep did what she needed to as the American racked up a total of 45 unforced errors in the match.

Gauff did save two match points when serving at 5-2 down but this time it was only a temporary reprieve as Halep finished her off in the next game.

The Romanian will now face China’s Shuai Zhang in the quarterfinals and, with the bottom half of the draw looking wide open, Halep has a great chance of going on to make the final for the first time. “I am really happy I can play in the quarterfinals again, it’s one of my favorite tournaments,” Halep said.

“I am not comparing myself with last year, that was the best because I won the French Open, but I want to win every match I play.”

Gauff, who came to the tournament via a qualifying competition wildcard and ranked 313, can also expect to be challenging in the second week again in the future, and has won a legion of new fans.

“Your journey is far from over,” tweeted tennis great Billie Jean-King. “Looking forward to watching your future successes on and off the court. #Big fan.” — Reuters

Thunder ship Grant to Nuggets, Westbrook talks ongoing

LOS ANGELES — Russell Westbrook’s 11-year run in Oklahoma City could be coming to a close as the Thunder shift into rebuilding mode.

The latest move from Thunder general manager Sam Presti came Monday, when forward Jerami Grant was traded to the Denver Nuggets for a 2020 first-round pick.

Moving Grant saves the Thunder $39 million, according to ESPN.

Grant, 25, averaged 13.6 points, 5.2 rebounds and 1.3 blocks in 80 games (77 starts) for the Thunder last season.

On the heels of sending 2019 MVP finalist Paul George to the Los Angeles Clippers for five future first-round picks and Danilo Gallinari and guard Shai Gilgeous-Alexander, Presti opened talks with Westbrook and his representatives regarding the 30-year-old All Star’s future with the franchise.

The Thunder received three unprotected first-round picks from the Clippers — 2022, 2024 and 2026 — and two future Miami Heat first-round picks: a 2021 unprotected selection and the 2023 lottery protected pick.

Westbrook has four years and $170 million left on his contract. The Houston Rockets, Miami Heat, Detroit Pistons, Orlando Magic, Minnesota Timberwolves, New York Knicks and others are expected to have high interest in acquiring Westbrook, per ESPN.

Westbrook, an 11-year veteran, has spent his entire career in Oklahoma City, averaging 23.0 points, 7.0 rebounds and 8.4 assists. He won the 2017 NBA MVP Award.

George shunned the Los Angeles Lakers in free agency last July to re-sign with the Thunder and form a 1-2 punch with Westbrook.

If the Rockets can find the right combination of draft compensation and contracts, a Westbrook deal to Houston would reunite former Thunder teammates. The Rockets acquired James Harden, a sixth man in Oklahoma City on a team fronted by Kevin Durant and Westbrook, prior to the 2012-13 season after the Thunder opted not to offer Harden a maximum contract.

Among complications to resolve before that trade could be completed is the contract of Chris Paul, who is due $38.5 million for next season and has three years remaining on his contract.

Minnesota was in hot pursuit of D’Angelo Russell before the Nets sent him to the Golden State Warriors via sign-and-trade.

The Knicks have trade assets that would seem to meet Oklahoma City’s rebuild. However, RJ Barrett, the third overall pick in the 2019 draft, could not be part of any trade until Dec. 15. — Reuters

A case for the Baby Beast

Friends of mine on social media would attest that I am one in supporting the inclusion of Philippine Basketball Association rookie CJ Perez in the Gilas Pilipinas roster competing at the 2019 FIBA Basketball World Cup in China beginning next month.

On Facebook, I have written a number of times that the “Baby Beast” is a good addition to Gilas on the strength of his tremendous motor, athleticism and strength, which would be an asset to the national team.

Back in 2016 I also wrote something like this for big man Raymond Almazan, for him to be included in the then Tab Baldwin-handled Gilas team for what he could bring to the frontline of the squad.

Baldwin was able to tag him along and Almazan has been delivering since for the nationals every time he is called up for duty.

And I see the same for Perez, who plays for Columbian Dyip in the PBA.

Just like the “Beast” Calvin Abueva, from which his moniker was taken from, Perez has the ability to affect the complexion of games on both ends of the court when he takes the floor.

But unlike Abueva, who plays bigger than his size, Perez plays just right for his built – around 6’2” and solid for the small forward and guard positions – making it easier for coaches to match him with opponents.

He, too, does a better job, in my opinion, in creating shots for himself and his teammates with his athleticism as attested by his impressive “rookie” numbers in the pros of 23 points, seven rebounds, 3.7 assists and 1.9 steals in the ongoing PBA Commissioner’s Cup, an import-laden tournament at that.

Perez does not have the kind of spunk that Abueva has, but it could be well and good as the latter sometimes have the tendency to go overboard with it.

One thing that stands out for me with the former Lyceum star and National Collegiate Athletic Association most valuable player is his motor.

It is continuous motion for him, whether on offense or defense, giving him the ability to make things happen to good results most of the time.

You do not necessarily have to create a play for him as his movements would allow him to be in positions to get his points while on defense he plays the passing lanes well and good in providing help defense.

His versatility is also worth noting, more so with the likes of Jayson Castro, Scottie Thompson and Ray Parks Jr. deciding to skip the World Cup.

With his style of play, he can play multiple positions, giving Gilas coach Yeng Guiao flexibility in using him during games.

He also shows a take-charge guy mentality, honed by his days with the Pirates in college and now with the Dyip in the PBA, and is not afraid to rise to the occasion.

Classic case of this was last Monday during Gilas’ tune-up game with import-loaded Mighty Sports, which is preparing for the Jones Cup later this week.

With Mighty Sports leading by three points, 85-82, with less than 20 seconds to go in the game, Perez stepped up to the plate and drained the game-tying triple with 14 seconds left. The game eventually ended in a draw at 85-all.

At the World Cup in China, the Philippines is surely to have a tough time against the best in the world and will need every boost it can get.

Perez definitely can help and is worth serious consideration and pickup. Make it happen, Gilas.

 

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

msmurillo@bworldonline.com

The Raptors, champions yet pawns

The Raptors knew they were taking a big risk when they pulled the trigger on the trade for Kawhi Leonard a week short of a year ago. For one thing, he was set to become a one-season rental; free agency in 2019 beckoned, and his camp made no secret of his preference to play in native California. For another, they needed to give up their identity in the process; the Spurs wanted another superstar, and specifically DeMar DeRozan, who, as their ninth overall pick in the 2009 draft, relished being the face of a franchise otherwise lacking in pull. Giving him up meant redefining the unique culture they had built and fortified; yes, they ran their affairs professionally, but they were a family first and foremost, and they took care of their own.

For the Raptors, DeRozan’s utter absence of wanderlust was especially critical as they made a name for themselves in the National Basketball Association. No big name hitherto seemed to view Toronto as a worthy destination, with cross-border concerns — among them distance from loved ones, prohibitive income taxes, and temperate weather — hanging like an albatross around its neck. Meanwhile, draftees who became bona fide headliners appeared to want to move elsewhere as soon as possible. Yet, there he was proudly trumpeting his love of city and colors. In hockey nation, he held his head high for red-and-black hoops, and how.

In dealing for Leonard, the Raptors effectively sent the message that winning trumps everything — even relationships built over time, effort, and no small measure of affection. It’s why DeRozan was heartbroken and bitter when he learned of the news; likewise, it didn’t help that front-office head Masai Ujiri just gave him assurances that he would continue to be part of their future. Still, on the basis of improving the principal product on the court, they were right to go for the swap. The roster, while boasting of continuity, had reached its ceiling and needed a makeover. And what better way to reboot than truly compete for the title?

Well, the Raptors didn’t just go on to contend. They went all the way. And if only because the Larry O’Brien Trophy sits on their mantel, their bid for Leonard cannot but be deemed an unqualified success. If nothing else, it highlighted how well they went about their business; they had the vision to guide them, the strategy to see their objectives through, the gumption to gamble, the foresight to stick to their guns, and the competence to make sure all fell into place. As much as they wanted to win, they exercised extreme caution with their new star; through the regular season, they put in place a load management program that followed the league’s Player Resting Policy and ensured he would be fresh for what they figured to be a deep playoff run. And, ultimately, they were rewarded with the hardware.

To be sure, the Raptors benefited from sheer good fortune countless times during their journey to the top. They were close to being eliminated by the Sixers in the second round, for instance, with four bounces on the very last shot of the series literally deciding their fate. They ran against the decimated Warriors in the Finals. Then again, there can be no discounting the fact that they placed themselves in the best position to benefit from twists of fate. They went all in last season, and it paid off handsomely. They managed to render irrelevant their past as whipping boys of LeBron James by establishing their present as dynasty killers.

There was still the future to secure, though, so the Raptors buckled down to work pronto. The short turnaround time from celebration to free agency afforded them no rest. And, for all the strides they made with Leonard, they knew they were going to negotiate from a position of weakness. All the signs were there from the outset, and even while they were in the midst of meeting their date with destiny. He aimed to go home, and only an outstanding presentation could sway him into changing his mind. And in prepping for their pitch, they asked him for only one thing: that they be the last to lay their arguments.

In retrospect, there was nothing the Raptors could have done differently. It didn’t matter that they cultivated their relationship with him, that they took care of his body in a way not even the highly respected Spurs could, that they — and just about everyone else north of the border, really — treated him like royalty. Leonard was leaving, period. He was his famously quiet self, but others in his camp telegraphed his intentions clearly enough. Besides, the timing wasn’t right; he angled for the maximum contract possible, and the five-year, $190-million offer they had to put on the table eliminated any one-plus-one arrangements that could have coincided with the existing deals of other vital cogs.

The writing was on the wall. Why would Leonard eschew the opportunity to burn rubber close to sunny shorelines when re-upping with the Raptors for another half decade would mean just another year of contention? The likes of Kyle Lowry, Serge Ibaka, and Marc Gasol were all on expiring deals. Nonetheless, they gamely made their presentation. By all accounts, it was nothing short of outstanding. And, by all accounts, it didn’t produce the desired effect. They got the impression that he had already made up his mind.

Perhaps Leonard didn’t have the heart to tell the Raptors they were a poor third early on. Perhaps he didn’t want to; he needed them to keep having a skin in the game because of their role as motivators on a deal he was pushing for. Like the Clippers, they knew he wanted to play with Paul George, thusly requiring them to reach out to the Thunder for the latter’s availability. Unlike the Clippers, they didn’t receive any assurance that netting the six-time All-Star would net him as well. And as the bidding war grew to ridiculous proportions, Ujiri had no choice but to pull out.

Make no mistake. The Raptors would still have thumbed up the deal if they knew then what they know now. They’re defending champions of the NBA, and while they will most definitely not be this time next year, they will forever treasure their experience as the best of the best. How much it will actually cost them remains to be seen. After all, they did lose a piece of themselves in making winning their only priority. It’s why DeRozan continues to seethe. It’s why Leonard had no qualms leaving them and, worse, using them as pawns in order to get his way. And it’s why they’ll be hard-pressed to move on.

(Tomorrow: The Thunder, shell-shocked and yet fortunate.)

 

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.

Suntrust Asmara: A gateway to the best of Quezon City

BUYING a home is one of the most significant financial decisions every individual will ever make. And the importance of location cannot be overemphasized in this matter. In fact, the “buzzwordy” catchphrase in real estate to stress its importance — “Location, location, location” — never goes out of style, reminding home buyers that they can make a house revamp anytime but can’t change a bad location again and again.

Location is not only about the address. It represents the community, infrastructure, developments, and the people residing in the area. This is why it is highly important to keep these factors in mind before purchasing a property.

According to online property marketplace Lamudi, home buyers — in addition to amenities that a property entails — should also consider a location close to hospitals and markets, as well as schools and workplaces of the family members.

Residences with all such features are usually located in highly developed cities in the country, and Quezon City is one of these. Over the years, the city, according to Lamudi, has responded well to the environmental challenges of urban development alongside strict security measures.

It is no secret that Quezon City is a home to some of the country’s leading academic institutions, hospitals, health and wellness facilities, ecological and public parks, and diverse religious sites. It is also a haven for shopaholics, food lovers, bar-hoppers, and night owls with its wide variety of shopping malls, shops and restaurants.

In terms of accessibility, Quezon City features major highways, thoroughfares, and tertiary roads, while more infrastructure projects are under way. Aside from the Manila Metro Rail Transit System Line 7 (MRT-7), which will run from North Avenue in Quezon City to San Jose del Monte in Bulacan, the construction of the Metro Manila Subway Project is ongoing.

According to Colliers International Philippines, Quezon City will greatly benefit from the planned subway as seven of the 13 stations will be developed within the city. It is expecting residential land values around the stations rising by at least two-fold while commercial land values by at least three-fold from the start of construction to full operation of the subway.

Offering a gateway to the ever-increasing opportunities that Quezon City presents is Suntrust Asmara. With its fresh take on modern living, Asmara — an Indonesian word that means “love” — is set to be a wonderful enclave that will give its future occupants the comforts and conveniences of a home amid urban jungle.

Suntrust Asmara is a residential development by Suntrust Properties, Inc. comprised of three towers and a total of 1,975 living units. It features four unit types – studio, one-bedroom, two-bedroom and three-bedroom units – with floor areas ranging from 26.7 square meters (sq.m.) to 56.7 sq.m.

The first tower of Asmara was already completed last year while the second and third towers are now nearing completion.

Future homeowners of Suntrust Asmara can enjoy the luxury of a comfortable lifestyle with its finest amenities. These include lap and kiddie pools, lounge areas, pool deck, kid’s play area, a Zen garden, jogging paths, fitness gym, gazebo-type multipurpose area, function rooms, sky garden and a reception lobby for every tower.

Since the residential community of Asmara is strategically located along E. Rodriguez, Ave., future residents will have easy and convenient access to world-class St. Luke’s Medical Center, which is just a thrown stone away from the site, while other hospitals, including De Los Santos Medical Center, Medical City, National Children’s Hospital, Veterans Memorial Medical Center and the East Ave. Medical Center, could be reached within minutes.

Educational institutions such as Trinity University of Asia, St. Joseph’s College, St. Paul University and De La Salle Greenhills are also just a short distance from Asmara, as well as shopping centers like Araneta Center, Greenhills Shopping Center, Fisher Mall and SM City Sta. Mesa.

Food cravings will never be a problem since branches of some well-loved fast food chains and restaurants are just around.

Future residents of Asmara can also explore the fusion of different cuisines offered by restaurants and food shops located along Tomas Morato Ave., which is just 10 minutes away from Asmara. The famous street is also the perfect go-to-place for those looking to enjoy the night with its long strip of hangout spots.

To learn more about Asmara, visit Suntrust’s website.

Analysts see IPO drought persisting

By Arra B. Francia
Senior Reporter

COMPANIES looking to raise funds via initial public offering can still be expected to stay on the sidelines for much of this year, as they await better market conditions amid easing inflation and improving global trade, analysts said in recent interviews when asked for their assessment.

The Philippine Stock Exchange ended the first six months of 2019 without any maiden share offer, the last being property and construction firm D.M. Wenceslao & Associates, Inc. on June 29, 2018.

Several firms have intended to debut on the stock market this year, including canned fruit manufacturer Del Monte Philippines, Inc.; Taiwan’s Cal-Comp Technology (Philippines), Inc.; food cart business Fruitas Holdings, Inc. and budget carrier Philippines AirAsia, Inc.

Coconut product manufacturer Axelum Resources Corp. has also filed for a P7.7-billion IPO potentially within the year, as well as members of the Allied Care Experts group to finance construction of medical facilities in Bohol as well as in General Santos, Dumaguete, Iloilo, Malolos and Butuan cities.

“I think that many would-be issuers are still reeling from last year’s tumble. While the market did recover in November 2018 and peaked in February 2019, the market is actually in a consolidation phase,” PNB Securities, Inc. President Manuel Antonio G. Lisbona said in a mobile phone message.

The benchmark PSE index (PSEi) hit a low of 6,843.83 on Nov. 13 last year and crawled back to the 7,000 level in succeeding months. The main index ended at 8,117.94 last Friday, and increasingly ventured north of the 8,000 line starting last month.

Regina Capital Development Corp. Equity Analyst Rens V. Cruz II noted how the Philippine market was impacted by several local and overseas factors, dissuading IPO planners in the first half.

“Overseas, we got the then-looming tariff skirmish between US and China, lending some concerns on emerging markets; then, there’s news of the MSCI rebalancing that will shift towards China A shares, adding worries for Philippine prospects,” Mr. Cruz said in a text message.

He noted some sectors are still reeling from lingering effects of fast inflation, which had hit a nine-year-high 6.7% in September and October 2018 before gradually easing to within the central bank’s 2-4% target band.

The overall rise in prices of widely used goods averaged 3.4% last semester — especially in the wake of June’s 2.7% that was the slowest clip in nearly two years — compared to 4.3% a year ago.

“A positive general market condition — translating to a higher possible price setting — will always be the number one consideration for any private entity before going public,” Mr. Cruz said.

PNB Securities’ Mr. Lisbona also called easing inflation a “silver lining” for the local market.

“The silver lining for us is that inflation has trended lower and that monetary authorities have taken an accommodative/stimulative stance which we observe has had a positive effect on the market,” Mr. Lisbona said, referring to the central bank’s 25-basis-point cut in benchmark interest rates and a phased 200 bp reduction in banks’ reserve requirement ratio (RRR) that will be completed on July 26 after a cumulative 175-bp hike in rates and 200 bp RRR cut last year.

The central bank adopted in its June 20 policy review “[a] prudent pause… to observe and assess the impact of prior monetary adjustments.”

For Philstocks Financial Inc. Research Associate Piper Chaucer E. Tan, companies will be encouraged to debut on the market if the PSEi sustains the 8,000 level.

“We may see an IPO in the third or fourth quarter… The reason why companies defer an IPO is they feel they are entering into a bad economy but they are a fundamentally good company. So even if the company has good prospects, their share price will go down,” Mr. Tan said on the sidelines of the company’s media briefing last week.

GHOST MONTH APPROACHES
Unicapital Securities, Inc. Technical Analyst Cristopher Adrian T. San Pedro said via text that many firms remain on wait-and-see mode, despite a better demand outlook amid easing inflation.

“I believe there might be a chance in the second half of the year for some IPOs after the ghost month as we approach the Christmas season given investors are bullish for the prospects of next year,” Mr. San Pedro said, referring to Aug. 1-29 this year when many investors can be expected to hold off major decisions in observance of this annual Chinese tradition.

ADVERTISEMENT
ADVERTISEMENT