Facebook Instagram Linkedin X Youtube
Home Blog Page 11845

Indonesian visitors

The KRI BimaSuci (945) training ship of the Indonesian Navy, or TentaraNasioanal Indonesia AngkatanLaut (TNI-AL), berthed at the South Harbor in Manila on Oct. 22 for a four-day goodwill visit to the Philippines. A Philippine Navy (PN) delegation headed by Commander Gary D. Tafalla welcomed the Indonesian naval cadets and crew led by Commander Widiyatmoko Baruno Aji. A series of confidence-building engagements between PN and TNI-AL personnel are lined up, such as goodwill games, shipboard tour, reciprocal receptions, and educational tour of visiting naval cadets at the Philippine Military Academy in Baguio City. In a statement, PN said, “This goodwill visit reaffirms and further strengthens the already strong relationship between the two navies, which has been playing an important role in maintaining maritime peace and security in the region.”

Comelec ready to accept petitions for inclusion in new Bangsamoro region

OPAPP

AREAS OUTSIDE the identified Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) that want to be included in the January plebiscite for the new Bangsamoro Organic Law (BOL) may now file a petition after the Commission on Elections released the guidelines on Monday. In a statement, the poll body said they have “issued rules and regulations governing the submission of petitions for voluntary inclusion in the January 21, 2019 plebiscite.” Local government units or registered voters within areas contiguous to the territorial jurisdiction of the BARMM can submit or initiate the petition. BARMM’s territorial jurisdiction consists of the provinces Basilan, Sulu, Tawi-Tawi, Lanao del Sur, and Maguindanao; 39 barangays located in Cotobato province; Cotobato City; and Isabela City in Basilan. A P10,000 filing fee and P100 research fee are also required. Deadline for submission is Oct. 31. Comelec will deliberate on the petitions within a 15-day period upon submission. — Gillian M. Cortez

Gaisano Grand’s 38th shopping mall sees full occupancy by Dec.

GAISANO-OWNED Grand Land, Inc. opened its 38th shopping mall last Oct. 19 in Buhangin District, Davao City, with nearly 100% of the leasable space already taken. The company’s corporate leasing manager, Mary Grace Mantilla, said they expect full occupancy by the end of the year. The Citygate Mall is part of the Amani Grand Citygate Davao, a mixed-use complex where Grand Land will invest P1.8-billion. The eight-hectare property will house the Amani Grand Residences, the first condominium project of the company in Davao, as well as communal amenities and open spaces. — Carmencita A. Carillo

Casino Filipino-Davao targets tourists in new marketing campaign

THE CASINO Filipino-Davao is aiming to attract more local and foreign tourists with the launch of its new marketing slogan, “Excitement Begins Now.” Antonio V. Covarrubias, senior branch administration manager, said that currently, they cater to average of 500 clients a day who are mostly locals. “They visit the casino not only for table games and slot machines, they also go for the show, meet friends, live bands, and not necessarily to play,” Mr. Covarrubias said in an interview. “We are now positioning casino as an entertainment destination for tourists, particularly foreigners,… In Davao, we have so many attractions like tourism-related places, and casino is a different form of entertainment and for us is an added excitement when you visit Davao,” he added. — Maya M. Padillo

Nation at a Glance — (10/23/18)

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

Peso weakens on geopolitical concerns

THE PESO declined due to safe-haven demand.

THE PESO weakened against the dollar on Monday due to safe-haven demand amid lingering geopolitical concerns in the European Union (EU).
The local unit ended Monday’s session at P53.79 versus the greenback, nine centavos weaker than the P53.70-per-dollar finish on Friday.
The peso opened the session slightly weaker at P53.74 per US currency, but strengthened to as high as P53.65. Meanwhile, its intraday low was at P53.805 against the greenback.
Dollars traded dropped to $863.40 million from the $905.02 million that switched hands on Friday.
“I think it’s more of technical bound since it traded around 40 cents lower from the above-P54 level,” a trader said in a phone interview. “I think P53.65 is a good level since the P53.55 is the next level of support.”
The trader added that the local unit traded stronger in the morning session as it was boosted by the weak dollar trading last Friday.
“However, it traded [weaker] due to corporate demand, mainly from oil and other large companies.”
Meanwhile, another trader said the local currency slightly weakened as investors flocked to safer currencies such as the dollar amid “lingering Italian geopolitical and Brexit trade uncertainties.”
Reuters reported that United Kingdom Prime Minister Theresa May is expected to tell the parliament that 95% of the British exit from the EU has been settled, maintaining opposition for a land border with Northern Ireland.
For Tuesday, the traders expect the peso to move between P53.70 and P53.90 versus the dollar
“The peso might strengthen in view of expectations of softer-than-expected US [third-quarter gross domestic product] report,” the second trader noted. — K.A.N. Vidal

Stocks up as SM Prime kicks off earnings season

LOCAL EQUITIES firmed up on Monday as investor sentiment improved in anticipation of the third-quarter earnings season.
The bellwether Philippine Stock Exchange index jumped 1.18% or 84.64 points to 7,236.16 yesterday. The broader all-shares index likewise rose 0.89% or 39.08 points to finish at 4,398.73.
“Philippine markets started the week on a positive note as investors gear up for the start of earnings season. Investors brushed off the weaker performance of the US stocks as this was due to the lower than expected housing data, overshadowing solid corporate earnings,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
SM Prime Holdings, Inc. was the first PSEi-member firm to disclose its financial performance for the first nine months of the year. The Sy-led company booked a 17% profit increase to P23.44 billion in the nine months ending September, following a 15% uptick in consolidated revenues to P74.56 billion.
Shares in SM Prime were the most actively traded for the day, gaining 1.16% to P34.90 each, with turnover valued at P441.41 million.
Papa Securities Corp. trader Gabriel Jose F. Perez attributed the market’s increase to the muted net foreign selling figure for the day, which slimmed to P82.88 million versus the P220.42-million net sales posted last Friday.
The main index bucked the general weakness seen in international markets over the weekend. Only the Dow Jones Industrial Average managed to rise last Friday, adding 0.26% or 64.89 points to 25,444.34. The S&P 500 index slipped by 0.04% to 2,767.78, while the Nasdaq Composite index dropped 0.48% or 36.11 points to 7,449.03.
Asian markets also ignored Wall Street’s weaker performance, as investors focused on Chinese officials’ assurance of economic growth, even as the Chinese economy expanded by 6.5% in the third quarter, its slowest since 2009.
Most sectoral indices ended in positive territory back home, led by financials which gained 1.73% or 27.98 points to 1,640.53. Holding firms went up 1.48% or 101.96 points to 6,969.33; property climbed 0.67% or 24.26 points to 3,602.07; industrials added 0.53% or 57.52 points to 10,864.35 and services was higher by 0.28% or 4.28 points to 1,491.97.
Only the mining and oil counter recorded losses, slumping 1.16% or 112.35 points to 9,505.45.
Some 688.55 million issues valued at P4.45 billion switched hands, dropping slightly from the previous session’s P4.94 billion.
Advancers beat decliners, 107 to 83, while 38 names remained unchanged.
“With the index breaking out of a significant support area around the 7,130-7,150 level, next resistance should be in the area of its 50- and 100-day moving averages, and at Sept. 24’s high of 7,400-7,430. A caveat, net foreign selling still remains present and total value turnover is still noticeably low,” Papa Securities’ Mr. Perez said. — Arra B. Francia

NCAA S94 elimination round wraps up today

By Michael Angelo S. Murillo
Senior Reporter
THE TWO-ROUND elimination play of Season 94 of the National Collegiate Athletic Association comes to an end today with a triple-header set at the FilOil Flying V Centre in San Juan City.
Also-rans San Sebastian Stags and Arellano Chiefs, both sporting identical 5-12 records, play at 12 noon followed by league-leading and defending champions San Beda Red Lions (16-1) against season hosts Perpetual Help Altas (11-6) at 2 p.m. Rounding out the elimination round is the Letran Knights (13-4) versus the College of St. Benilde Blazers (9-8) at 4 p.m.
Had it rough in the ongoing season of the country’s longest-standing collegiate league, the Stags and Chiefs look to finish things on a positive note with a victory today.
San Beda, meanwhile, is out to build momentum heading into the Final Four where it is the top seed after securing number one with its victory over the Lyceum Pirates on Oct. 18.
Incidentally, the Lions will take on the Altas, their opponents today, in the semifinals where they will have a twice-to-beat advantage.
Also angling to finish strong is third-running Letran, winner of its last six games and looking to add the Blazers to their list of victims of late.
The Knights will face off with Lyceum in the Final Four where they will try to buck a twice-to-win disadvantage.
Meanwhile, James Canlas of San Beda was named NCAA player of the week by the league press corps after having a breakout game in their clash with Lyceum last time around.
The Filipino-Canadian played a key role in their 75-68 victory over the Pirates, finishing with a career-high 18 points to go along with six boards.
In winning the award, Canlas, who is sporting his father’s surname of Kwekuteye on his jersey, beat out teammate Robert Bolick, Mapua’s Cedric Pelayo, and St. Benilde’s Yankie Haruna.

Broner tailor-made for Pacquiao’s next fight?

By Michael Angelo S. Murillo
Senior Reporter
LAST WEEK Filipino boxing icon superstar Manny “Pacman” Pacquiao announced that his next possible fight is in January next year against former world champion Adrien “The Problem” Broner of the United States.
Details of the fight are still being finalized but the eight-division world champion said the deal to bring him and Mr. Broner together in the ring in Las Vegas was “90 percent done” and that fans should expect an engaging fight with his secondary welterweight world title on the line.
For fight analyst Nissi Icasiano, for all he brings to the table, Mr. Broner (33-3-1) presents himself as a tailor-made opponent for Mr. Pacquiao (60-7-2) at this stage of the latter’s career.
“At a point in his career wherein he is in his twilight years, Manny Pacquiao is in dire need of a fight that will make him as spectacular as possible. Instead of fighting the best in his weight class which can diminish his sustainable value as a prize fighter, he needs an opponent who is tailor-made to his style, and which will give and leave a lasting impression. If this is Manny’s objective, Adrien Broner is a good choice,” said Mr. Icasiano when asked by BusinessWorld for his thoughts on the Pacquiao-Broner fight being set up.
“The projected fight between Pacquiao and Broner will stir interest as people clamor for a follow-up after the Filipino superstar managed to draw shades of his vintage form in his most recent bout against Lucas Matthysse. Conversely, Adrien Broner’s personality is bankable. Broner’s arrogant bravado against Manny’s humble image makes a good story line,” he added.
Mr. Pacquiao, 39, is coming off an impressive seventh-round technical knockout win over Argentinian Matthysse in July in Malaysia to win the World Boxing Association welterweight title.
On the other end, Mr. Broner, 29, a four-division world champion, drew with Jessie Vargas in April and before that lost to Mikey Garcia.
Style-wise, Mr. Icasiano said Pacquiao-Broner is very intriguing for the contrast it has.
“The fight itself draws intrigue because they have contrasting styles. Broner is clearly the flashy boxer, with some observers branding him as the toned-down version of Floyd Mayweather. Meanwhile, we all know Pacquiao has a relentless approach in the ring. It will be very interesting to witness how this bout will unfold,” the analyst said.
The possible January fight is being touted as a prelude to Pacquiao-Mayweather 2, which Mr. Icasiano said is highly likely but said he would rather focus first on Pacquiao-Broner before putting much weight on the reengagement of the two boxing legends.
“It can be said that Manny’s match against Broner is a prelude to the Mayweather rematch. Floyd and Manny are both businessmen. It is very likely that they will allow it to brew before they finally go for it,” he said.
If the Pacquiao-Broner fight pushes through in Las Vegas, it will mark the first time in two years that the Filipino legend will be fighting there.
The last time Mr. Pacquiao fought in Las Vegas was in November 2016 at the Thomas & Mack Center where he beat Mr. Vargas by unanimous decision that reclaimed for him the World Boxing Organization welterweight title.

UP women’s volleyball team looks to develop game at PSL collegiate tourney — coach

THE University of the Philippines women’s volleyball team is set to compete at the Philippine Superliga (PSL) Collegiate Grand Slam (CGS) where it hopes to build its legs in preparation for future tournaments, including in Season 81 of the University Athletic Association of the Philippines.
One of the six teams seeing action in the first CGS of the PSL, along with Far Eastern University, De La Salle-Dasmariñas, University of Santo Tomas, University of the East, and Colegio San Agustin, the Lady Fighting Maroons are out to develop their game when competition unfurls on Nov. 3.
“My team is composed of very young rookie and veteran members. So, this tournament will help us get the exposure we need,” said UP head coach Godfrey Okumu as they gear up for the CGS, a tournament designed to prepare young players for a possible career in volleyball while also furthering the growth of the sport in the country.
“I believe that my team will learn again how to deal with losses and wins every game. So to me, this tournament can help us grow, especially our young players,” Mr. Okumu added.
While the PSL is no longer a stranger to hosting collegiate teams with its invitational tournaments, the CGS however will mark the first time that the league will have a division solely dedicated to the country’s up-and-coming players.
The league said PSL rules will also be applied in the CGS and teams will be given a chance to use the challenge system to make sure that the officiating will be at par with international standard.
The tournament will be played every Saturday and will be shown live in the league’s official broadcast partner in ESPN5, AksyonTV, and sports5.ph. — Michael Angelo S. Murillo

Kaya FC-Iloilo proud to be final-bound at Copa Paulino Alcantara, face Davao Aguilas

THE impressive showing of Kaya FC-Iloilo at the Copa Paulino Alcantara continued on Sunday after booking a spot in the final after defeating Stallion Laguna FC, 3-2, in their semifinal clash held at the Iloilo Sports Complex. It is something that the team said is very proud of, seeing it as fulfilment of what it had set out to do at tournament start.
Riding on the hat trick of Robert Lopez Mendy, Kaya nullified a valiant fight back by Stallion to book the win and earn its place in the championship match while also moving a step closer to winning it all and securing a spot in the 2019 AFC Cup.
Kaya is set to face Davao Aguilas FC, which won its own semifinal against JPV Marikina FC, 6-1, also on Sunday.
“With this win the road to AFC stays alive. I’m proud of our players. From the start of the game, we saw the intensity, the grit, and hunger to win the game,” said Iloilo head coach Noel Marcaida after their victory.
“Before the cup started, our main focus was to play this semifinal here in Iloilo. We were successful in that. We wanted the game here because we’re confident in front of our Ilonggo fans. It gives us the extra gas. They’re a part of this win in the semifinals. We thank everyone for always supporting us. We hope we see them in the final,” he added.
Senegalese Lopez Mendy got the scoring going in the fourth minute of the contest before finding the bottom of the net once again eight 11 minutes later.
Stallion though was undeterred by the early onslaught of the hosts, narrowing the gap, 2-1, in the 20th minute care of Fitch Arboleda.
It would continue to put pressure on Kaya after and was consequently rewarded when Carlo Polli levelled the count at 2-2 in the 43rd minute to make it a brand-new game heading into the break.
Boosted by its torrid charge back at the end of the opening half, Stallion came out of the second fold with more spring only to see the door shut on it by Kaya as the latter scored just two minutes after with the third goal of Mr. Lopez Mendy to make it 3-2.
The visiting side tried its best to make up for the goal and come back but Kaya would not allow it to, holding tough all the way to the end to secure the victory.
“All the credit goes to the boys. We had the desire to win this game and to play in the final. The objective is the AFC [Cup]. We got the job done today, but we still have one game to go. We have to focus 100% to win that game. It’s crucial for our season,” said Mr. Lopez Mendy, named player of the match after.
Prior to booking a spot in the Copa final, Kaya topped Group B with a 3-1-0 record to earn home field advantage in the semifinals against Stallion.
In the final, waiting for Kaya is Davao, which got four goals from Korean Kim Sungmin in its rout of JPV in the semis.
The Copa Paulino Alcantara final between Kaya and Davao is set for Saturday, Oct. 27, at the Rizal Memorial Football Stadium. — Michael Angelo S. Murillo

NBA suspends Lakers’ Ingram and Rondo, Rockets’ Paul

LOS ANGELES — The Los Angeles Lakers’ Brandon Ingram and Rajon Rondo and the Houston Rockets’ Chris Paul received suspensions from the NBA on Sunday in response to an on-court fight Saturday.
Ingram was banned for four games without pay, Rondo three games without pay and Paul two games without pay.
With 4:13 left in the game and the Rockets up 109-108, Ingram fouled James Harden as the Rockets star headed for the basket. As Ingram jawed at Harden, with the official between them, point guards Paul and Rondo faced off.
Video show Rondo spitting in Paul’s face. Paul then poked a finger in Rondo’s face. Rondo threw the first punch, a left hook that grazed Paul’s right cheek. Paul responded by throwing punches. Ingram then entered the melee with a wild punch.
Ingram, Paul, and Rondo all were ejected.
The NBA’s vice president of basketball operations, Kiki VanDeWeghe, was at the game at Staples Center in Los Angeles. He headed the probe, interviewing participants and witnesses, ESPN reported.
VanDeWeghe announced in a statement Sunday: “Ingram has been suspended for aggressively returning to and escalating the altercation and throwing a punch in the direction of Paul, confronting a game official in a hostile manner, and instigating the overall incident by shoving Rockets guard James Harden. Rondo has been suspended for instigating a physical altercation with, and spitting and throwing multiple punches at, Paul. Paul has been suspended for poking at and making contact with the face of Rondo, and throwing multiple punches at him.”
The Rockets are scheduled to meet the Los Angeles Clippers on Sunday night at Staples Center. Paul will miss that game plus a Wednesday game against the Utah Jazz.
Ingram is due to miss a Monday home game vs. the San Antonio Spurs, a Wednesday road game against the Phoenix Suns, a Thursday home game vs. the Denver Nuggets and a Saturday road game against the Spurs. Rondo will miss the Monday, Wednesday, and Thursday contests. — Reuters

1...11,84411,84511,846...14,278Page 11,845 of 14,278
ADVERTISEMENT
ADVERTISEMENT
© 2024 BusinessWorld Publishing.
All rights reserved.
Read our privacy guidelines
Facebook Instagram Linkedin X Youtube