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Mountain to climb for PHL Azkals at Asian Cup

By Michael Angelo S. Murillo
Senior Reporter
THE groundbreaking campaign of the Philippine men’s national football team at the AFC Asian Cup officially begins on Jan. 7; a proud moment for the country’s football program but something that presents an uphill battle, one local football analyst said.
To take on powerhouse and Group C mate South Korea at the Al Maktoum Stadium in Dubai, United Arab Emirates, on Monday, the Sven-Goran Eriksson-coached Philippine Azkals hope to make a good splash in their debut outing at the prestigious football tournament.
For the Asian Cup, the Philippine team has called up a selection of players, most of whom are already a staple in the squad but with notable omissions, in particular premier goalkeeper Neil Etheridge.
Called up were goalkeepers Nathaniel Villanueva, Michael Falkesgaard and Kevin Ray Hansen, and defenders Alvaro Silva, Carli De Murga, Daisuke Sato, Stephan Palla, Luke Woodland, Adam Tull, Curt Dizon and Paul Mulders.
Also part of the team are midfielders John-Patrick Strauss, Iain Ramsey, Manuel Ott, Kevin Ingreso, Stephan Schrock, Miguel Tanton, James Younghusband, and Mike Ott, and forwards Jovin Bedic, Phil Younghusband, Patrick Reichelt and Javier Patino.
Mr. Etheridge is not part of the Azkals for the Asian Cup because of his commitment with Cardiff City in the Premier League in Europe.
While the goalkeeper could play in the tournament opener of Philippines against South Korea, it was decided, with the player agreeing, not to include him to give his spot to a player that could stick around with the team for the duration of the Asian Cup.
Considering what the team had at its disposal, local football analyst Lorenzo del Carmen believes that the Azkals have come up with “the best possible lineup” and that the absence of some key players could be cushioned if those on tap will do their share in making things happen for the squad.
“Well, it’s the best possible lineup we can put out. I’m happy Javier Patino is included as he is arguably our deadliest forward,” said Mr. Del Carmen in an online correspondence with BusinessWorld as he talked about the Azkals heading into the Asian Cup.
“I’m a bit worried about our defense. Gone are the days when we had the likes of Juani Guirado and Rob Gier to anchor it. Neil Etheridge’s absence is a big blow which is why Michael Falkesgaard has to step up,” added the analyst, who covers football and writes for local site Tiebreaker Times.
At the Asian Cup, apart from South Korea (ranked 53rd in the world), the Philippines (116th) is lumped in Group C with China (76th), and Kyrgyzstan (91st).
Mr. Lorenzo said right at the onset the Azkals will have it tough but he is not necessarily ruling out a spirited challenge from the Philippine team.
“We’re in a tough group. I think our best chance of going to the knockouts is to finish one of the four best third-placed teams in the group stages because beating the likes of South Korea and China is a tall mountain to climb,” he said.
“A respectable showing, i.e. no thrashings, will for me be a good campaign considering the teams we’re grouped with,” Mr. Del Carmen added.
Like most football fans and observers, Mr. Del Carmen is also of the opinion that a “successful” campaign in the Asian Cup by the Azkals will do wonders in reigniting interest in football in the country, much like at the turn of the decade.
“If we can get to the knockouts, that’s easily a successful campaign already. If we can go far in the tournament, then it will hopefully boost the sport’s popularity in the country once again. Hopefully it will be like the height of 2010,” said Mr. Del Carmen, referring to the football buzz generated by the Azkals following their breakthrough performance in the 2010 AFF Suzuki Cup where they upended then defending champion Vietnam in the group stage in what is now fondly remembered as the “Miracle in Hanoi.”
The AFC Asian Cup begins on Jan. 5, Saturday, with the Group A match between UAE and Bahrain.
Tournament format calls for the top two teams in each of the six groupings at the end of group play advancing to the next round, to be joined by the four best third-place teams.
The 2019 AFC Asian Cup has the theme “Bringing Asia Together” and has Australia as the defending champion.

Alapag joins San Miguel Beermen coaching staff

By Michael Angelo S. Murillo
Senior Reporter
THE San Miguel Beermen further fortified their preparation for the next Philippine Basketball Association season with the naming of PBA legend Jimmy Alapag as one of their assistant coaches.
In an informal announcement held at the team’s practice at the Acropolis Gym in Quezon City, Mr. Alapag, a one-time PBA most valuable player and many-time league champion, was introduced to the team, along with new acquisitions Terrence Romeo, Paul Zamar, and Ronald Tubid.
Mr. Alapag, who had a Hall-of-Fame career while playing for the TNT and Meralco franchises in 13 years in the PBA, joined Boycie Zamar, Ato Agustin, Peter Martin, Biboy Ravanes, Dayong Mendoza and Jorge Gallent as assistants to head coach Leo Austria.
The 2011 PBA MVP and Gilas Pilipinas stalwart though would remain as head coach of the defending champion San Miguel Alab Pilipinas team in the ASEAN Basketball League.
“We always liked Jimmy as a player way, way back. Even before the draft where he was selected. Coach Ron (Jacobs) scouted him and we actually hid him but someone scouted him in one of the practices and we were not able to get him. But we’re happy to have been able to get him now as one of the assistants of Coach Leo and I’m sure he will be of great help just like the other assistant coaches to make it possible for this team to win more championships,” said San Miguel team governor Robert Non as he introduced Mr. Alapag to the team.
For Mr. Alapag, to be part of the Beermen staff is something he welcomes and a challenge he accepts.
“I would like to thank the San Miguel bosses and Coach Leo for this opportunity. History speaks for itself and what you guys (team) have done in the PBA. I’m just here to help in every shape or form. In whatever capacity Coach Leo asks me to. We’re here to win and that’s what I’m all about. And looking forward to the season,” Mr. Alapag said.
San Miguel opens its PBA campaign in the Philippine Cup this month where it is the four-time defending champion.
Mr. Alapag last played in the PBA with the Meralco Bolts in the 2015-16 season.
He also held a team official position with TNT and Meralco before coaching in the ABL.

New golf rules to be tournament tested in PGA Tour in Hawaii today

LOS ANGELES — A new year kicks off on the PGA Tour in Hawaii on Thursday at a tournament where the rules might get as much attention as the leaderboard.
A raft of changes came into effect on Jan. 1 in the biggest rewrite of the regulations in decades and will get their first professional test at the Kapalua Plantation course on the island of Maui.
Perhaps the most noticeable change is that players can now leave the pin in while putting, something that previously was not allowed.
Bryson DeChambeau, who majored in physics at university, turned some heads last year when he said his analysis had determined it was generally advantageous to leave the pin in.
The world number five has not changed his mind in the ensuing few months, though he said there would be one exception.
“It gets tricky when the flag’s waving back and forth and I’ve got a five-footer and shadows,” he told Golf Channel as he prepared for the tournament.
“That’s the only time I would pull the flag out. Any time I’ve got a putt over 10 feet I’ll probably be leaving it in, especially if it’s uphill.”
Fellow American Justin Thomas, however, said he would not be putting with the flagstick in.
“If I’ve got an eight-footer to win, I can’t take myself seriously if I have the pin in,” the 2017 PGA Championship winner told reporters.
While the option of removing the pin is easy to understand, other rule changes are more complicated, and Thomas said he expected players would err on the side of caution at first.
“I think you’ll see it across the field especially these first couple (of) months, everybody’s going to be calling a rules official in as much possible,” he said.
“But I’ve tried to study up … you would hate to get penalised just for making a mistake for something you’ve done your whole life, so it will be different.”
The 34-man field in Hawaii is restricted to 2018 winners on the PGA Tour. Three players — Tiger Woods, Phil Mickelson and, Justin Rose — qualified but are not playing.
Dustin Johnson is defending champion after winning by eight shots, while Rory McIlroy is making his first appearance.
The Northern Irishman previously has started his season with European Tour events in the Middle East, but has turned his focus to the PGA Tour.
“Taking up residence in the US last year, being a permanent resident, I made the decision that this is where my life is going to be, this is where I’m going to live,” he told reporters on Wednesday.
“I wanted to get (the year) off to a good start, an early start.” — Reuters

Pulisic joins Chelsea as most expensive American player

LONDON — Chelsea confirmed the signing of US international winger Christian Pulisic from Borussia Dortmund on Wednesday, making the 20-year-old the most expensive American soccer player in history.
Chelsea did not provide financial details but Dortmund said the London side had paid €64 million ($73.2 million) for the versatile attacker, who British media reported was also sought by Premier League leaders Liverpool.
Forbes reported that the fee for Pulisic is over three times higher than the €20 million that German side Wolfsburg paid Hertha Berlin for US international John Brooks in 2017.
“It’s a privilege to have signed for such a legendary club and I look forward to working hard towards being a contributor to their team of world class players,” Pulisic, who will spend the rest of the season on loan at Dortmund, said in a statement.
“Looking forward to working with Maurizio Sarri and his technical team.”
Chelsea manager Sarri told reporters after his side’s goalless draw with Southampton on Wednesday that the club had sought his opinion of Pulisic about a month ago but he had not known the deal was done.
“I didn’t know anything about Pulisic yesterday,” he said. “My opinion was positive and today I have known the deal is done. I am not in charge of the market. I have to think of my matches,” added the Italian.
Chelsea added that the youngster from Hershey, Pennsylvania, had signed a 5-1/2 year contract to become the third American recruit in their history after Matt Miazga and Roy Wegerle.
Pulisic has made 115 appearances in all competitions for Dortmund, scoring 15 goals plus 24 assists since making his senior debut in 2016 but a series of injuries has limited his playing time this season.
Pulisic’s Dortmund contract was due to expire in 2020 and Dortmund said they could not stand in the way of his big dream, a rare case of an American player making the grade at a top six side in England’s top flight.
“It’s always been Christian’s dream to play in the Premier League… because of this background and his contract running down in 2020, we decided to accept Chelsea’s incredibly lucrative offer,” said Dortmund sporting director Michael Zorc.
“It feels like only yesterday that I arrived in Dortmund as a raw, excited, very nervous but exceptionally proud 16-year-old from a small American town called Hershey,” Pulisic added in a separate statement later on Twitter.
“I would not be here without the club and their belief in giving young players a chance. Many memorable moments stand out — to have experienced all of them before my 20th birthday still feels at times like a dream.
“For the next six months, it’s all BVB. Please do not doubt my passion, determination and my 110 percent commitment to the team right until the last ball is kicked this season.”
Pulisic made his international debut for the United States in 2016, scoring nine goals in 23 appearances and was voted their player of the year in 2017. — Reuters

Hayward explodes for 35 as Celtics beat Wolves

LOS ANGELES — Boston’s Gordon Hayward scored a season-high 35 points, and Terry Rozier got the start for an injured Kyrie Irving and scored 16 points on Wednesday to lead the Celtics to a 115-102 home win over the Minnesota Timberwolves.
Irving sustained a right eye injury in a loss to San Antonio on New Year’s Eve, and his status remains day-to-day. Minnesota also was short-handed without Jeff Teague, Derrick Rose, and Robert Covington dressing, all due to ankle injuries.
Hayward connected on 14 of 18 shots from the floor and went 4 of 7 from 3-point range, including a 27-footer from the top of the key with 4:37 left that put the Celtics up 106-92. He had gone scoreless on 0-of-6 shooting Monday in Boston’s loss at San Antonio.
Minnesota had cut a 22-point, third-quarter deficit to six entering the fourth.
In the teams’ first meeting, Hayward scored 30 points in a Celtics’ 118-109 win on Dec. 1 at Minneapolis.
Andrew Wiggins led the Timberwolves with a season-high 31 points. Karl-Anthony Towns finished 28 points, 12 rebounds and seven assists.
Minnesota came alive in the third quarter after the Celtics had grabbed a 60-42 halftime lead. The Timberwolves cut the deficit to 77-67 on a Towns’ 26-foot 3-pointer.
Boston’s Marcus Smart sprained his shoulder in a collision with Towns early in the third with the Celtics up 18. When he returned, the Celtics were up only 85-74.
Towns scored 20 third-quarter points, and the Timberwolves trailed just 87-81 heading into the fourth quarter.
Celtics forward Marcus Morris also injured his shoulder on a driving layup in the fourth. Morris left the game and did not return.
Boston shot 61.5% from the field in the first half and went 8 of 17 from 3-point range. Minnesota was a dreadful 41 percent from the field and only 3 of 10 from beyond the arc in the first 24 minutes.
EMBIID POURS IN 42 AS 76ERS SINK SUNS
Joel Embiid scored 42 points and grabbed 18 rebounds to lead the visiting Philadelphia 76ers past the Phoenix Suns 132-127 on Wednesday.
Ben Simmons scored a season-high 29 points and JJ Redick contributed 27 for the Sixers, who won their second straight on consecutive nights after dispatching the Los Angeles Clippers on Tuesday.
Embiid, who was questionable due to left knee soreness, registered his league-best 33rd double-double and his league-leading 26th game with at least 20 points and 10 rebounds.
Embiid also became the first player to post at least 30 points and 14 rebounds in any half since Carlos Boozer on March 26, 2007, doing so before halftime. In addition, Embiid reached the 40-point mark for the fifth time in his career.
The Sixers were short-handed without forwards Jimmy Butler and Wilson Chandler, each out due to an upper-respiratory infection.
Devin Booker led the struggling Suns with 37 points while DeAndre Ayton added 18 points and 11 rebounds. Josh Jackson had 16 points.
The Suns, who own the Western Conference’s worst record, lost their fourth consecutive game.
Simmons scored 13 points in the first quarter as the Sixers surged to a 44-32 lead. Booker single-handedly kept the Suns within striking distance by pouring in 17 points.
Embiid was utterly dominant in the second quarter with 18 points. The Sixers pulled ahead 72-49 by the break as the Suns shot just 3 of 23 in the second period.
The Sixers kept the pressure on and went ahead 92-63 on a sweeping right-handed hook shot by Simmons with 5:59 left in the third.
Phoenix made a late push but still trailed 104-87 after three.
The Suns crept within 113-104 with 5:44 remaining when Jackson hit a jump shot, capping a 9-0 run. Embiid answered on the next possession with a clutch three-point play for a 116-104 advantage, giving him 40 points on the night.
The Suns sliced the deficit to six late in the fourth, but Furkan Korkmaz hit a 3-pointer and Embiid added a layup to help seal the tight win.
HEAT BLAST CAVALIERS IN WAITERS’ LONG-AWAITED RETURN
Josh Richardson scored a game-high 24 points and Dion Waiters played his first game in more than a year as the Miami Heat won their fourth straight road game, defeating the Cleveland Cavaliers 117-92 on Wednesday night.
On a night of comebacks, Waiters, a shooting guard who had not played since Dec. 22, 2017, made perhaps the biggest splash. He made the first shot he attempted — a 3-pointer in the second quarter — and finished with seven points in 11 minutes.
Another comeback was made by Cavs starting forward Tristan Thompson, who had not played since Dec. 10 due to a foot injury. He started hot by scoring eight points on 4-for-5 shooting in the first quarter and finished with a team-high 14 points in 23 minutes.
Patrick McCaw, a 6-foot-7 shooting guard who won two NBA titles while starting 30 games for the Golden State Warriors over the past two years, made his Cavaliers debut by scoring two points in 18 minutes off the bench. McCaw had declined a Warriors contract and signed with Cleveland on Dec. 28.
Finally, forward James Johnson returned to the Heat starting lineup after missing Sunday’s game against the Minnesota Timberwolves. He scored 11 points against Cleveland.
Besides the comebacks, there were no mysteries in Wednesday’s game. Miami outrebounded Cleveland 47-22. The Heat also shot 51.2% from the floor, including 16-for-31 on 3-pointers (51.6%). — Reuters

Rafa Nadal pulls out of Brisbane International with thigh problem

SYDNEY — Rafa Nadal has pulled out of this week’s Brisbane International due to a minor thigh strain, but the Spaniard is hopeful that he can shake off the problem in time for the Australian Open later this month.
Nadal endured an injury-plagued 2018 season that saw him contest only nine tournaments due to hip, knee, abdomen, and ankle injuries and the world number two said the decision to skip the season-opener was precautionary.
“I still wanted to play… but if I play here, there is a important risk to (not) have the chance to play Melbourne,” Nadal, who was due to face Frenchman Jo-Wilfried Tsonga in the second round on Thursday, said in a statement.
“It’s a small thing that can become a much bigger… when you compete the intensity on the muscle it can get worse… I feel better than I did four days ago… it’s a risk to damage my body for one month if I play here.”
The 32-year-old did not play after retiring against Juan Martin del Potro in their US Open semi-final last September and underwent ankle surgery two months later.
He lost a three-set exhibition match against South Africa’s Kevin Anderson in Abu Dhabi last week and had indicated that he was fighting fit ahead of the Brisbane event.
However, an MRI scan revealed otherwise.
“I have to be ready to understand that this kind of stuff happens when you’re coming back from injuries. I have to accept and keep going,” Nadal, who had withdrawn from the tournament last year as well, added.
Lucky loser Taro Daniel will replace Nadal in the second round against Tsonga.
Despite an injury-curtailed 2018 season, Nadal managed to win five titles last year, including a record-extending 11th French Open title that took his Grand Slam tally to 17.
The Australian Open begins in Melbourne on Jan. 14. — Reuters

FIFA should expand 2022 World Cup to 48 teams if possible — Gianni Infantino

DUBAI — FIFA should if possible increase the size of the soccer World Cup in Qatar in 2022 to 48 from 32 teams, the global governing body’s president Gianni Infantino said.
Last month, Infantino said a majority of national soccer federations were in favor of expanding the tournament and a decision was expected ahead of the qualifying draw in March.
Infantino, speaking at a sports conference on Wednesday, also said FIFA was seeing whether it would be possible for some of Qatar’s Gulf neighbors to host some of the matches.
He said last month that it would be “difficult” to stage an expanded tournament in Qatar alone. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt launched a diplomatic and trade boycott of Qatar in June 2017 that has complicated the prospect of sharing the tournament.
The countries accuse Qatar of supporting terrorism, which it denies.
FIFA voted in 2017 to increase the size of the tournament from 32 to 48 teams starting from 2026 but, since then, Infantino has been mulling the possibility of bringing the change forward to 2022.
“If you think it’s a good thing to have 48 teams in the World Cup, why not try four years before, that’s why we are analysing whether its possible to have 48 teams already in 2022,” Infantino said on Wednesday.
“The World Cup will take place in Qatar with 32 teams. Obviously, if we can increase it to 48 teams and make the world happy we should try it.”
Qatar said it would not take a final decision on the tournament expansion until it has seen details of a feasibility study from FIFA.
The study is expected to discuss aspects of scheduling, the number of required venues, training sites, and how many games per day would be played under an expanded format.
Qatar, a tiny but wealthy Arab nation, has moved ahead with ambitious plan to scale up infrastructure ahead of the 2022 tournament that includes $6-8 billion on eight stadiums and sporting facilities.
“If we can accommodate some of the neighbouring countries in the gulf region which are very close by to host a few games in the World Cup this could be very beneficial for the region and the entire world,” Infantino added.
“There are tensions in this particular region and it’s up to their respective leaders to deal with that but maybe it’s easier to talk about a joint football project than more complicated things. — Reuters

Greatest

LeBron James does not have a filter. He says what’s on his mind, a reflection as much of his intelligence and knowledge of the topics he chooses to dissect as of his confidence in his words. He’s not always right, of course; no one is. Nonetheless, his capacity to speak his mind and willingness — desire, even — to be challenged informs his actions. He dares all and sundry to prove him wrong, and, in their subsequent failure, basks in the validation it brings. Meanwhile, he uses their doubts as fuel for his fire; in his relentless pursuit of excellence and, by extension, approbation, he first courts criticism.
Indeed, James thrives in the dichotomy. Being told that he can’t do and be what he wants to is precisely what drives him to succeed. The talent and skill sets have always been there, admittedly, but, in his particular case, they come with a passion for perfection that is motivated by malediction. He has long been the most scrutinized athlete in the world; his exploits on the court are alternately revered and reviled, subject to intense scrutiny in an effort to find examples to prove an already-formed opinion of him. He then injects his own without prompting, all too aware of the power of the reactions to prod him to progress.
Taken in this context, James’ declaration that he’s the Greatest of All Time in his sport cannot but be deemed par for the course. He said it in the latest episode of a series his venture developed and co-produced with broadcasting giant ESPN, in the company of friends ostensibly to indicate that these were his private thoughts but with complete understanding of its purpose for public consumption. And, on surface, it isn’t that he’s mistaken in his assessment. After all, the 2016 Warriors were, by any advanced metric, historically without peer on both ends of the court, and yet he proceeded to beat them by stringing together masterful performances and leading the vast-underdog Cavaliers to the championship.
“That’s what I felt,” James argued. “I was like: That one right there made you the greatest player of all time.” If nothing else, his contention was backed by developments; down one and three in the Finals, he put up back-to-back 40-point games to force a clincher, and then, on the road, a triple-double to give his home state its first professional sports championship in 52 years. That said, not a few quarters have taken issue with his belief, as well as with his hubris in daring to declare it. For all his accomplishments, critics noted, he could have simply waited for other quarters from far more objective vantage points to draw the conclusion.
James isn’t stupid, so he surely knew that his estimation, biases and all, would raise heck. Why further incur the ire of naysayers, then? Why make it harder for casual observers to accept his body of work in the face of his prideful declaration? The answer is as clear as it was back in high school, when he first sought to emerge from the imposing shadow cast by idol Michael Jordan: It pushes him to do more. Even more — at 34, and already with 15 years’ worth of achievements that firmly nets him at least a Top Two standing in pro hoops annals.
Truth to tell, James can bid goodbye to his day job and just enjoy the fruits of his labor. Basketball no longer defines him. He’s an entertainment heavyweight, an influential figure who moves needles in political and social issues, an accomplished entrepreneur with diverse ventures and interests, a giant in every sense of the word. But he doesn’t. Every day, he hones his craft, outworking those around him and, in the process, defying age. Why? Because he can. Because he is who he is. The greatest player of all time? Ask him. He knows.
 
Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994.

Peso drops on slowdown fears

THE PESO declined against the dollar yesterday amid risk aversion as investors priced in a possible global economic slowdown.
The local unit ended Thursday’s session at P52.65 versus the greenback, 13.5 centavos weaker than the P52.515-per-dollar finish on Wednesday.
The peso opened the session at P52.55 against the US currency and slipped to a low of P52.72 intraday. Meanwhile, its best showing stood at P52.53 versus the dollar.
Trading volume climbed to $797.5 million from the $580.05 million that switched hands the previous day.
Foreign exchange traders interviewed yesterday attributed the peso’s decline to the slew of weaker-than-expected economic data worldwide, which fuelled concerns of a global economic slowdown.
“Data worldwide [on Wednesday] showed weaker-than-expected figures, so it may indicate a slower growth for the global economy,” a trader said in a phone interview.
“I think the market priced in more of a risk aversion sentiment overnight,” the trader added.
Reuters reported that China’s factory activity declined last month, with the Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) sliding to 49.7 from the 50.2 recorded in November. This was the first time it declined in 19 months as local and offshore orders dwindled further.
Meanwhile, the December Eurozone PMI fell to its lowest level since February 2016, while the US PMI last month hit a 15-month low.
“Although the peso tried to trade near the close, it was aggressively lifted until P52.72 as other emerging market currencies weakened against the dollar as well,” the trader said.
For today, the trader expects the peso to correct, giving a forecast range between P52.50 and P52.70.
Meanwhile, the other trader gave a P52.55-P52.75 range, as the peso might strengthen on likely positive local inflation data for December to be released today. — Karl Angelo N. Vidal

PSEi soars on positive sentiment ahead of data

LOCAL STOCKS surged on Thursday as investors continued to buy shares in anticipation of better inflation figures for December.
The bellwether Philippine Stock Exchange index (PSEi) soared 2.55% or 191.40 points to close at 7,680.60 yesterday, sustaining the previous session’s upward momentum. The broader all-shares index likewise gained 1.98% or 89.61 points to close at 4,610.28.
“This is the big move that we have been expecting. It may be investors anticipating better economic number that will be announced next week,” Eagle Equities, Inc. Research Head Christopher John Mangun said in an e-mail.
The Philippine Statistics Authority will release the December inflation print on Friday, Jan. 4, which analysts expect will be slower than November figure of six percent. It will also release the country’s fourth-quarter gross domestic product growth report next week.
Papa Securities Corp. Sales Associate Gabriel Jose F. Perez, meanwhile, said the main index may have followed the EPHE’s 2.3% gain overnight, referring to the iShares MSCI Philippines exchange-traded fund which tracks the investment results of a broad-based index composed of local stocks.
“Net foreign flows notably registered an inflow of P197 million, breaking the 10-day streak of outflows we’ve been seeing. This is ahead of [Friday]’s December inflation release figure,” Mr. Perez said in a separate e-mail.
All sectoral indices ended in positive territory, led by the mining and oil counter which advanced 3.95% or 330.28 points to 8,676.71.
“Even the mining and oil sector performed extremely well [on Thursday] as investors saw mining companies as bargains after they were battered the whole year,” Mr. Mangun said.
Holding firms climbed 3.44% or 251.94 points to 7,569.83; property firmed up 2.47% or 91.76 points to 3,805.82; and financials rose 1.93% or 34.17 points to 1,802.42. Services also closed 1.84% or 26.80 points higher at 1,477.26, while industrials added 0.66% or 72.75 points to 11,014.71.
Turnover was back to average levels at P7.16 billion after some 985.18 million issues switched hands, versus the previous session’s P3.36 billion.
Market breadth favored gainers over losers, 135 to 61, while 44 names ended flat.
Eighteen out of the 20 most actively traded stocks ended on a positive note, led by Philex Mining Corp. (up 12.65%); Puregold Price Club, Inc. (up 5%); SM Investments Corp. (up 4.64%); and JG Summit Holdings, Inc. (up 4.63%).
The PSEi’s ascent came amid the flat performance of markets in the United States overnight. The Dow Jones Industrial Average added 0.08% or 18.78 points to close at 23,346.24. The S&P 500 index went up 0.13% or 3.18 points to 2,510.03, while the Nasdaq Composite index also rose 0.46% or 30.66 points to 6,665.94.
Meanwhile, Asian markets ended mixed as some recovered from the sharp losses seen on Wednesday. — Arra B. Francia

Philippines named overall champion at WESG Southeast Asia 2018

Filipinos continue to make waves in the global electronic sports (eSports) scene as the Philippines was hailed as overall champion at the World Electronic Sports Games (WESG) Southeast Asia 2018 Finals recently held in Kuala Lumpur, Malaysia after Filipino delegates bagged significant wins in various sets of grueling battle during the tournament.

WESG Southeast Asia is a regional tournament which is part of a larger WESG circuit run by Alisports Group, the sports affiliate of Alibaba Group Holding Ltd. WESG differs greatly from other commercial tournaments since it focuses on following the Olympic standard, emphasizing on national pride, and encouraging fans to partake in the competition. It currently possesses the highest winning prize of any third-party tournament.

At this year’s WESG Southeast Asia, the best players from 10 participating countries competed in several major eSports titles including DOTA 2, Counter Strike: Global Offensive, Hearthstone, Starcraft II, and Vainglory.

The matches were played out in a Swiss tournament format followed by a knockout stage where top four contenders battled through semifinals to determine the champion. Victors from each game categories took home a portion of the prize pool worth $75,000, and will represent the Southeast Asia at the WESG International Grand Finals in China which has a total prize pool of $2.5 million.

The final two days of WESG 2018 Southeast Asia kicked off with a breathtaking opening ceremony, filled with elements of dance and percussion, as well as classical vocals and violins.

In an opening speech, Alisports’ Director of Esports Development Jeffrey Jiang discussed its in-depth partnership with Agri Mind, the strategic partner of Alisports in Southeast Asia and the main organizer of WESG in the region, in setting a world-leading standard for eSports and associated industries.

Mr. Jiang said that it will continuously work closely with Agri Mind in the next few years to provide better content and more intensive eSports experience to the eSports community in the region.

Meanwhile, Agri Mind’s Chairman Calvin Lau tackled the importance of building a sustainable eSports ecosystem in Southeast Asia to cultivate grassroots growth. The company aims to set up an integrated eSports hub in Klang — a city in Selangor, Malaysia — which will be named AirAsia eSports Center. Regional airline AirAsia is a key sponsor of the project.

“We aim to make it into the largest eSports hub in ASEAN and perhaps the whole world. We will be laying the groundwork and building the infrastructure for eSports growth in the region, and we would like to invite everyone here to be part of it and participate,” Mr. Lau said. “Let’s build eSports and the future together.”

The Philippines took center stage during the competition, winning three gold and two silver medals, and one bronze medal across different game titles.

The TNC Predator claimed the top spot in DOTA 2 after sweeping Malaysia’s WG Unity in the best-of-three series during the finals. The Filipino team was dominant throughout the tournament, proving once again that they are one of the strongest DOTA 2 teams in the region.

“I think it was an easy game. I think in game one, they have the chance of winning. Our game one was a bit sloppy… It was not smooth as it’s supposed to be, then I told them (teammates) after game one: ‘This is what’s going on and what’s wrong.’ And we improved in game two,” Michael Ross, TNC Predator captain, told BusinessWorld in an interview after the match.

As a preparation to the world stage, Mr. Ross said that the team will keep on working to be comfortable with each other. “Once we’re comfortable with each other, we can start doing more complicated things, and we’re going to refine what we have because until now it’s not yet perfect,” he added.

The ArkAngel CSGO Female Pro Team also brought home the gold medal for the Philippines in Counter Strike: Global Offensive in women’s division. ArkAngel CSGO Female Pro Team had a rough start against Singaporean squad Phoenix during the finals but was able to make a comeback in game two and continued its dominance in game three.

“As our whole team knows, and our whole team will always remember: It’s okay to lose a couple of rounds but you can’t lose them meaninglessly — you must learn from the rounds. You can do things, and try and see what will happen because every team will always have a pattern, and from that pattern you can decide what to do. So even when you’re losing, eventually you can comeback because you can adjust to it, you will figure out what is the best for you as a player, as a team, and as an opponent of that team,” Kyung-In Lee, ArkAngel CSGO Female Pro Team captain, told BusinessWorld.

Caviar Napoleon M. Acampado also won a gold medal after bagging the championship title in Starcraft II against Vietnam’s representative. The two eSports athletes showed an interesting match in a best-of-five series during the finals.

TNC Pro Team – CSGO, on the other hand, fell short in securing a gold medal. The Filipino team ended its WESG Southeast Asia 2018 journey with a silver medal in a close fight against Thailand’s Alpha Red.

The country’s representatives in Hearthstone, Euneil Javiñas for the men’s division and Cara Vergel De Dios for the women’s division, finished as first and second runner-up, respectively. 

Apart from the official WESG competition, visitors experienced various other activities. Agri Mind partnered with GAX Evolution to bring more entertainment value to the event, particularly animé, comics and games. A host of booth setups by key partners and supporters of the event were also installed.

Factory business growth slows in Dec.

FACTORY ACTIVITY in the Philippines improved in December at the slowest pace in three months on milder output and order growth, though overall input cost hike “eased noticeably,” according to the latest survey IHS Markit conducted for Nikkei, Inc.
Vietnam continued to outperform the Philippines to lead the seven covered Association of Southeast Asian Nations (ASEAN) members for the second straight month.
The Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) stood at 53.2 in December compared to 54.2 in November and 54 in October, still “signalling a solid improvement in the health of the sector.”
The report noted that the average for the three-months to December was the strongest for 2018.
The Philippines’ reading trailed Vietnam’s 53.8 but was still above ASEAN’s 50.3 PMI that similarly eased from 50.4 in November.
A PMI reading above 50 indicates improvement in business conditions from the preceding month, while a score below that point signals deterioration. The manufacturing PMI consists of five sub-indices, with new orders having the heaviest weight at 30%, followed by output with 25%, employment with 20%, suppliers’ delivery times with 15% and stocks of purchases with 10%.
The Philippine report said that demand “remained solid” — particularly on the domestic front — in December even as it moderated to a three-month low and came from November’s one-year peak.
Production moderated for the first time in four months but was above the year-to-date average.
“While inflows of new orders rose at a slower pace from November’s 12-month high, it remained robust,” the report read.
“Survey data suggested that domestic markets played a primary role in driving demand amid soft international sales. New export orders declined for the fourth month running in December; however, the pace of contraction was marginal overall.”
Growing order volume led local manufacturers to employ more workers, recording the strongest increase in five months, “albeit modest overall.”
However, growth in the purchase of pre-production stocks slowed in December at the weakest pace in three months.
Port congestion continued to cause shipment delays.
The report also noted that local manufacturers raised output prices “modestly” in December, with input price inflation at its weakest in 28 months. It cited as inflationary factors the high costs of raw materials, a stronger dollar versus the peso, and higher taxes on some goods imposed in 2018 under Republic Act No. 10963, or the Tax Reform for Acceleration and Inclusion Act (TRAIN).
“Finally, business confidence about future output remained elevated in December, although the Future Output Index dipped to the lowest since July. Reasons for optimism included higher sales projections, new products, plans to expand operating capacity, and 2019 general elections,” the report read.
“The final survey of 2018 confirmed a strong end to the year for Filipino manufacturers. Despite dipping from November, output and new orders growth remained solid, while feeding a stronger increase to job numbers,” IHS Markit economist David Owen was quoted as saying.
“Also encouraging was a notable waning in input cost inflation to the weakest seen in over two years. Likely helped by the fall in oil prices, firms also reported an easing of recent cost pressures such as the exchange rate and the TRAIN law. This in turn saw firms raising factory gate prices modestly, offering a calmer and confident outlook for the sector in 2019,” he added.
Sought for comment, two economists said slowing remittances from Filipinos abroad — which in turn fuel household spending that drive overall economic expansion — as well as still-elevated inflation that made consumers think twice about spending were to blame for the slowdown in factory business expansion.
Sun Life Financial economist Patrick M. Ella said in an e-mail on Wednesday: “I think we have to adjust expectations as I think we are clearly on a slowing trend for remittances”.
“As for cost inflation on the production side, the producers price index has been in negative y-o-y for some time but has gone slightly positive a few months back then… has turned back negative. We should expect this to remain low as I think inputs like crude will remain cheap in the medium term.”
Ruben Carlo O. Asuncion, chief economist at the Union Bank of the Philippines, Inc., said in an e-mail that elevated inflation continues to weigh on demand and, in turn, cap growth of factory activity.
“The pinch may have come from consumer demand itself. Although cost inflation may have been the slowest in two years… headline inflation, on the side of the buying public, may have put a dent in general consumer demand,” Mr. Asuncion said.
“The congestion in ports may have also impacted manufacturing activity partly. The fact that personal inflows impact was expected to positively drive manufacturing — but results say otherwise — indicate that elevated general level prices did impact consumer demand.” — Elijah Joseph C. Tubayan
ASEAN Manufacturing Purchasing Manager's Index, December