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Rain or Shine Elasto Painters shoot for solo tournament leadership

CURRENTLY in joint leadership in the standings in the ongoing Philippine Basketball Association (PBA) Commissioner’s Cup, the Rain or Shine Elasto Painters look to break away from the logjam and take solo first place when they collide with the Blackwater Elite in the curtain-raiser at 4:30 p.m. today at the Smart Araneta Coliseum.
Holding a 6-1 record, tied with the TNT KaTropa, the Elasto Painters shoot for their fourth straight win to book their seventh win and fortify their hold of a top-two finish in the elimination round of the midseason PBA tournament and earn the twice-to-beat advantage that goes with it in the quarterfinals.
Rain or Shine enters the contest fresh from a 99-96 overtime victory over the Magnolia Hotshots Pambansang Manok on June 2.
The Elasto Painters had to collectively dig deep to survive the Hotshots, getting solid contributions from their key stalwarts down the stretch.
Had a break at the end of regulation, Rain or Shine did not waste much time in extra period to gain some headway, thanks to triples from Gabe Norwood and Beau Belga, and never looked back after for the win.
Import Reggie Johnson paced Rain or Shine with 23 points and 19 rebounds followed by Raymond Almazan who had 19 points and nine boards.
Mr. Norwood and Chris Tiu also finished in double digits with 12 and 10 points, respectively.
While they are happy where they are at right now, Mr. Johnson said they cannot afford to just be satisfied with it if they are to achieve their goal of winning the championship.
“We got our work cut out for us, work is still to be done but we’re definitely angling for the top two. Our goal is to win the championship, I’m not afraid to say it,” said Mr. Johnson following their victory.
TWO IN A ROW
Standing in the way of Rain or Shine is Blackwater, which finally broke through the win column with an 86-84 victory also over Magnolia on Wednesday.
The Elite showed grit and determination to stay in the game despite moves by the Hotshots to pull away and were rewarded accordingly with the win.
Import Henry Walker provided the game-winning play when he dunked over the Magnolia defense with three seconds remaining in the game.
Big man JP Erram led the way for Blackwater with 19 points and 15 rebounds with Mr. Walker and guard Mike DiGregorio adding 11 points each.
“The team is slowly but surely improving each game. I just told the players that the work continues for us even if we are already eliminated and good thing they are responding accordingly. It’s a process for us,” said Blackwater coach Bong Ramos in the postgame press conference.
Meanwhile, playing in the 7 p.m. main game are the Meralco Bolts (4-2) against the Phoenix Fuel Masters (3-3). — Michael Angelo S. Murillo

World No. 1 Halep targets fourth Slam final


PARIS — Simona Halep insists she feels “no pressure, no expectation” as she looks to reach a fourth Grand Slam final at the French Open on Thursday.
The 26-year-old Romanian tackles 2016 Roland Garros winner and reigning Wimbledon champion Garbine Muguruza for a place in Saturday’s final.
World number one Halep was runner-up in Paris in 2014, where she was beaten by Maria Sharapova, and last year, going down to Jelena Ostapenko after squandering a set and 3-0 lead.
Her Slam misery continued at the Australian Open in January where she lost in three sets to Caroline Wozniacki.
“I have no expectations, no pressure,” said Halep after seeing off German 12th seed Angelique Kerber 6-7 (2/7), 6-3, 6-2 in the quarter-finals on Wednesday.
“I just want to play as I did today, and as I did every day. If I do that, I will be okay after the match, no matter the result.”
On Wednesday, Halep looked anything but the top seed, slipping 4-0 down in the first set before she rallied to defeat Kerber, a two-time major winner who had exited in the first round in Paris in the last two years.
It was also a match which witnessed a colossal 99 unforced errors.
Halep is aware she cannot afford another poor start on Thursday against 24-year-old Muguruza who has been tested just once in Paris and that was in the first round where fellow former winner Svetlana Kuznetsova pushed her to a tiebreak in the first set.
The Spanish third seed thrashed Sharapova 6-2, 6-1 in the quarterfinals, condemning the Russian to her worst Grand Slam defeat in more than six years.
NO. 1 SPOT ON LINE
The winner of Thursday’s semi-final will also decide the world number one spot which Muguruza held for four weeks last year.
“It’s not that important, because it’s constantly this thing going on,” said Muguruza.
Muguruza holds a 3-1 career edge over Halep in head-to-head meetings but the Romanian won their only clash on clay in Stuttgart in 2015.
Sharapova, playing at Roland Garros for the first time since 2015, suffered her most one-sided defeat at the Slams since a 6-3, 6-0 loss to Victoria Azarenka in the 2012 Australian Open final.
The 2012 and 2014 Paris champion, who missed the 2016 tournament because of a doping ban and last year when she was refused a wild card, was broken six times, committed 27 unforced errors and won just five points on her own serve in the second set.
It was just her fifth loss in 25 Grand Slam quarterfinals.
In Thursday’s other semi-final, US Open champion Sloane Stephens will take on fellow American and close friend Madison Keys who she beat 6-3, 6-0 in the final in New York last September.
“When we get on the court, it’s time to compete. But before that, we are not going to be weird and awkward and make it, like, weird for each other,” said Stephens, who was close to going out in the third round to Camila Giorgi before winning 8-6 in a deciding set.
It is the first time that two American women have reached the last four at Roland Garros since 2002, when Serena Williams beat sister Venus in the final, after a semifinal win over Jennifer Capriati.
Stephens, who is now into the semifinals of a major for the third time, leads Keys 2-0 in head-to-heads but they have never met on clay.
Meanwhile, Rafael Nadal will resume his fight back in his quarterfinal against Diego Schwartzman on Thursday after rain brought an early halt on Wednesday.
Top seed Nadal, chasing an 11th title in Paris, dropped the first set 6-4 to his Argentine opponent, the first time he lost a set at the tournament since 2015.
But he was 5-3 and 30-15 to the good when rain sent the players off for good.
On Court Suzanne Lenglen, Marin Cilic and Juan Martin del Potro were locked in a first-set tiebreak when play was called off. — AFP

Geje ‘Gravity’ Eustaquio raring to seize his time as ONE champion

FILIPINO mixed martial arts fighter Geje “Gravity” Eustaquio makes his ONE Championship return later this month, determined more than ever to have the flyweight world championship belt strapped on him.
The interim ONE flyweight champion, Team Lakay stalwart Eustaquio is set to meet reigning world champ Adriano Moraes in a unification bout set for June 23 at the Studio City Event Center in Macau, China, dubbed “ONE: Pinnacle of Power,” a fight he is viewing with a lot of excitement for a victory in it serves as a fulfillment of his dream to become a champion.
“I am so pumped up with this fight and me and my team are preparing hard for it. They say this is a once-in-a-lifetime chance so I have to make the most of the opportunity given to me and bring that belt back home,” said Mr. Eustaquio (10-6) as he met members of local sports media on Wednesday.
The unification bout with Brazilian Moraes (17-2) is a rematch of their September 2014 encounter where the Filipino fell in the second round by way of submission (guillotine choke).
It is a result that Mr. Eustaquio does not see happening this time around, believing that he has improved significantly as a fighter since he faced the reigning champion for the first time.
“In 2014, admittedly my grappling was not yet as developed but in my last fights I have shown the whole world how I have developed and improved my grappling or jiu-jitsu. I’m a confident now that I can roll with the Brazilian black belt,” Mr. Eustaquio said.
The fight being a rematch should also serve him well, Mr. Eustaquio said, believing that he has been successful in such type of matches.
“It’s not the first rematch [of my career]. They actually say I’m the king of rematch, I do rematch with a lot of guys in ONE Championship, most especially in flyweight. They say victory is sweeter the second time around. So I guess I usually win rematch fights because I have a better feel of my opponent and develop and adjust faster than them,” said Mr. Eustaquio, who won his most recent fight in January in a rematch against former flyweight champion Kairat Akhmetov of Russia by unanimous decision, in the process avenging a previous loss to the latter.
The interim champion further shared that the preparation is the same for him for rematches and first-time opponents.
“The training is basically the same. We kick, we roll, we wrestle, do conditioning. The very important thing for this fight is that training camp is a full camp and I am enjoying every minute of it. The training is tough but I’m with the best. I’m with the best team in the world. They always have my back. Every minute we are enjoying it,” he said.
The unification bout between Messrs. Eustaquio and Moraes will be played with the ONE world women’s strawweight title fight between reigning champion “The Panda” Xiong Jing Nan of China and challenger Laura “La Gladiadora” Balin of Argentina as the headlining feature.
Also seeing action at Pinnacle of Power are Edward “The Ferocious” Kelly and Danny “The King” Kingad, who are teammates with Mr. Eustaquio at Team Lakay. — Michael Angelo S. Murillo

Too much firepower

The Player Formerly Known As Rodney Hood finally showed up yesterday, and it’s fair to argue that the Cavaliers needed his contributions. Up until Game Three of the National Basketball Association Finals, they were compelled to rely on a rotation that included willing-but-far-from-able Jordan Clarkson, with the glaring concession further damaging their cause. Facing a zero-two deficit, head coach Tyronn Lue had to do something — anything, really — to arrest the evident slide, and the inclusion of the hitherto-solid scorer in the lineup proved to be beneficial.
Unfortunately, not even Hood’s exertions on offense and, surprisingly, defense were enough to get the Cavaliers in the hoops gods’ good graces. To be fair, they used the three days between Games Two and Three wisely, integrating him in preparations with his unique skill set in mind, and the plans bore fruit. Systemic infirmities brought about by a significant disparity in talent were just simply too much to overcome. The Warriors are a veritable juggernaut, with advanced analytics pegging their firepower to be without peer in the history of organized sports.
That said, the Cavaliers came tantalizingly close to prevailing. They managed to control the tempo early on, and their effort in the familiar confines of the Q gave them a double-digit lead that would have been enough to coast on against most other opponents. The Warriors, however, are not most other opponents, and if they’re defending champions, it’s because their ascendancy has been made absolute by the arrival of Kevin Durant. Yesterday, he provided the many reasons why he’s widely deemed the league’s best player not named LeBron James.
After the disappointment of Game One, Lue declared that the Cavaliers had at least found the blueprint for containing the Warriors. They then employed it to poor results in Game Two, and then executed it better with Hood on tap in Game Three. Against the Warriors, though, “better” is never enough — and not just because all “perfectly” does is give them a chance. Which is why Game Three unfolded with the Warriors lurking before the break and then pulling away after, even with Steph Curry and Klay Thompson misfiring. There were still others to contend with, and none more imposing than Durant.
At this point, it’s all over but the shouting. The Warriors will retain the title, and perhaps via a sweep. It’s the outcome both conventional wisdom and advanced analytics have deemed the most expected, and it’s no knock on the Cavaliers. They’ll be bridesmaids anew not because they didn’t try, and that’s saying something at this point.
 
Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994.

Startups’ kuya

As far as the internet is concerned, everyone who enters its realm is “at least 18 years old.” That includes the 13-year-old self of Iran-born Forbes 30 under 30 lister Shahab Shabibi, back when he was lurking at 3 a.m. on Yahoo! Messenger (“My parents didn’t mind; I had high grades.”) to chat with a programmer he was building a company with.

Today, at 22 and finally legal, Shabibi is still a builder of things. After the success of rapsong.ir—that company he started in his teens which became Iran’s first underground music portal—as well as a Tarafdari, Iran’s leading sports social media network with more than five million visitors every month, he moved to the Philippines in 2010 and realized he could use his knack for innovation for a deeper social purpose.

“When I came to the Philippines, it was a very eye-opening moment for me,” he told SparkUp. “When I began studying, that was the time that I started getting a better understanding of what is really happening here,” he said. “And then I remember, I had this moment where I realized that what I’ve been doing in Iran is not so amazing. To make another entertainment website, to make another sports website, is not something that truly changes people’s lives. I found myself looking at more fundamental problems that I haven’t seen before.”

That idea came to him while he was working at Rocket Internet in 2014, where he was tasked to setup carpooling platform Tripda. “People started emailing me ‘Wow, this is amazing!’, ‘I’m saving two hours a day!’, ‘I don’t need to commute anymore!’ I realized that I had never heard this from any of my users back in my previous platforms,” he said. “That’s when I thought to myself that technology can really change people’s lives. And that’s the time I decided that I want to be here and I want to build a company here.”

That company turned out to be Machine Ventures, of which he is the CEO and co-founder together with Harvard-educated health tech guy Farouk Meralli. “Back in our home countries, these problems didn’t exist and that there was a big calling for us that we should do something here,” he said. “We setup Machine Ventures with the idea of solving real world problems using technology as means to make it very big and scalable. We started looking at what is happening in the Philippines and identified a few key issues: lack of infrastructure, poverty, and lack of mainstream quality education.”

The first product the company hatched is HeyKuya, an SMS-based personal assistant service, that gave job opportunities to men, through food delivery and travel booking, among others, to over 15,000 users. In only five months, HeyKuya was acquired by a similar Indonesian personal assistant service called YesBoss.

LESSONS

The acquisition served as a validation, but it also taught Shabibi new lessons.

“As much as we wanted to be about impact, about solving problems, there is this unavoidable discussion about the financial side of things,” he said. “That really helped us to understand that, we don’t want to just build solutions, we want to build sustainable solutions, we want to build solutions that economically make sense in the way every stakeholder would be willing to continue what they are doing because it is also financially reasonable.”

He reflected: “Another realization that I had afterwards is that it is really sad that you cannot control your company after you sell it.”

With Machine Ventures, however, with him at the helm, the journey was just as tough—perhaps even tougher.

“The Philippines is probably one of the hardest countries to setup a company in,” he observed. “Generally, entrepreneurship is very tough but I would say in the Philippines it is much more magnified in terms of all the other inefficiencies that are out there, like supplier deliveries most likely won’t happen on schedule. Likewise, you definitely can’t pay suppliers easily because you go to the bank and all these processes are very lengthy and very tedious.”

But this reality only toughens him up. Machine Ventures is now composed of 24 people who “the resilience and the ability to not take ‘no’ for an answer.” He says: “We believe in that idea of learning entrepreneurship by doing, and learning by mastery, not just taking a course and passing an exam but literally going through the journey with someone who has done it before, and as you do that more and more, you learn.”

Right now, what keeps him busy is the launch of another new venture, MyKuya, a service similar to HeyKuya, whose mission is to create one million job opportunities over the next three years.

“We are building it as a platform where people can get things done, but on the other hand, it also opens a lot of people to job opportunities, the ability work whenever they want, to be their own boss, to have self-respect and self-dignity in what they do in day-to-day basis,” he said.

With all these plans, does he consider himself a social entrepreneur? “I mean, that’s a buzzword right? If I say ‘yes, I’m a social entrepreneur,’ it would probably get more clicks,” he laughs. “But I would say that as an entrepreneur, I have the responsibility and I’m on a mission to solve problems, and the biggest problems are often social problems,” he said. “And the same way that I’ve tried to solve smaller problems in my own little way before, now we are focused on solving bigger problems, and they happen to be social.”


INCIDENTAL INTELLIGENCE
Take a look at mykuya.com

What to see this week

4 films to see on the week of June 8-15, 2018

Jurassic World: Fallen KingdomJurassic World: Fallen Kingdom

THREE years after the Jurassic World theme park was destroyed by escaped dinosaurs, the remaining dinosaurs are threatened with extinction when the island’s formerly dormant volcano wakes up. To save them from extinction, a rescue mission is mounted. Directed by J.A. Bayona, the film — the fifth in the franchise — stars Chris Pratt, Bryce Dallas Howard, Jeff Goldblum, and B.D. Wong. The Critics Consensus on Rotten Tomatoes (where the film got a 59% rating) states: Critics Consensus: Jurassic World: Fallen Kingdom adds another set piece-packed entry to the blockbuster franchise, although genuinely thrilling moments are in increasingly short supply.”
MTRCB Rating: PG

Don’t Knock TwiceDon’t Knock Twice

A TROUBLED TEENAGER escapes to the country home of her estranged mother after unwittingly waking a shape-shifting demon. Directed by Caradog W. James, it stars Katee Sackhoff, Lucy Boynton, Javier Botet, Nick Moran, Jordan Bolger, and Richard Mylan. Empire’s David Parkinson writes, “Returning to the theme of matriarchal compassion that he explored in The Machine, director Caradog James demonstrates again the knack for lighting sets and sustaining atmosphere that is frustratingly undermined by his shakier storytelling skills.”
MTRCB Rating: R-13

SubmergenceSubmergence

WIM WENDERS (Wings of Desire, Pina) directs this story of a British undercover agent and a bio-mathematician who unexpectedly fall in love as they prepare to go to their respective missions far from each other. The film stars James McAvoy, Alicia Vikander, and Celyn Jones. The Guardian’s Benjamin Lee writes, “There’s something to be admired about a film that can gracefully defy simple genre categorization but Submergence feels like a clumsy melange, a confused adaptation made by people who don’t seem quite sure what they have on their hands.”
MTRCB Rating: R-13

Detective Conan: Zero the EnforcerDetective Conan: Zero the Enforcer

A JAPANESE animated movie, the latest in a long series of films — the 22nd of the Case Closed film series based on the manga series of the same name. Detective Conan gets on the case after a mysterious explosion at Tokyo’s new Edge of Ocean facility just before a summit and he finds himself tracing the movements of Tōru Amuro from the National Public Security Police. Directed by Yuzuru Tachikawa, it features the voices of Tôru Furuya, Megumi Hayashibara, and Rikiya Koyama.
MTRCB Rating: PG

Google to hold Asia-wide pitch competition for startups

Google is calling on tech startups across Asia to join its pitch competition.

The tech giant is set to stage Google Demo Day Asia on September 20 in Shanghai, China, where chosen startups will get the chance to pitch their businesses to investors.

Selected startups will be mentored by Google on how to deliver a pitch, on top of an all-expense-paid trip to China where they will meet founders of successful Chinese startups and venture capitalists.

Startups opting to join the competition must be incorporated and headquartered in Asia, must have raised at least $50,000 and is actively raising $1 million to $5 million within six months of the event, and have tractions through revenue and customer growth.

This is the first time Google is bringing the competition to Asia. In a statement, Mike Kim, partnerships manager of Google for Entrepreneurs, said startups that have participated in the program since 2014 have raised $273 million worth of funds.

“There are thousands of cutting-edge startups working on the next big idea in the region, and we want to give [them] a global stage,” Kim said.

Startups can apply online until July 11.

Did Sun Life just create a Tinder for financial advice?

Talking about money is *awkward*. Nobody really likes to discuss their financial situation with someone, especially when it’s not exactly something to be proud of.
Ironically, it’s those who struggle who need to talk about it if they actually want help.
So Canada-based financial services company Sun Life, the Philippines’ top insurer, created what seems to us is the Tinder of financial advisors.
While there’s no swipe right and swipe left on this tool, Advisor Match pairs clients with advisors through a website which clients have to fill.
“A financial journey is something very personal,” said Sun Life Financial Philippines President Alexander Narciso at the launch of Advisor Match. “The tools we create will be able to make certain processes easier but understanding a client’s story, his dreams and his challenges can only be performed by our very own people, and so we always strive for the perfect harmony between digital capabilities and human connection. The former should always boost the latter. That for us is the perfect match.
We tried Sun Life’s Advisor Match tool. Here’s the step-by-step process:
Step 1: Go to the website of Sun Life to access Advisor Match at advisormatch.sunlife.com.ph/
inside-sun-life-match-1
Step 2: Enter your location to generate a list of advisors in your vicinity.
inside-sun-life-match-2
Step 3: Choose your preferred Sun Life advisor.
inside-sun-life-match-3
Step 4: Enter your name, mobile or telephone number, and email address.
inside-sun-life-match-4
Step 5: Select the reason for applying.
inside-sun-life-match-5
Step 6: After submitting your application wait for your chosen Sun Life Advisor to contact you.
inside-sun-life-match-6
Sure, it’s not as fun as swiping left and right on hot girls or guys, but in the end, you’re likely to get financial rewards—not a string of regrettable dates.
 

Meralco rates to go down this month

Manila Electric Co. (Meralco) has announced on Thursday, June 7, a decrease of P0.1252 per kilowatt-hour (kWh) in the overall electricity rates for a typical household in June, despite expectations that power costs will rise this month.
In a statement, the power distribution utility said the lower rate was mainly because of the decrease in the generation and transmission charges amounting to P0.1556 per kWh. The drop drop more than offset a P0.0733 per kWh increase in the feed-in tariff allowance, or FiT-All.
“This is the second consecutive month of overall rate decrease,” the listed company said.
It said the adjustment would bring down the the overall rate to P9.8789 per kWh from May’s P10.0041 per kWh. The lower rate is equivalent to a decrease of around P25 in the bill of a residential customer consuming 200 kWh.
The corresponding decrease for the 300 kWh, 400 kWh and 500-kWh customers are P37.56, P50.08 and P62.60, respectively.
Meralco said the lower cost of power from its power supply agreements (PSA) largely brought down the generation charge for the month.
It said from P5.0523 per kWh in May, the generation charge for June will go down to P4.9828 per kWh.
Of Meralco’s total requirement this month, PSA purchases accounted for 45%. The payment for the generation charge by electricity users goes to the power suppliers. — Victor V. Saulon

Del Monte Philippines defers IPO due to market volatility

Del Monte Philippines, Inc. (DMPI) has deferred its planned P17.5-billion initial public offering of around 21% of its total outstanding shares to the public due to the current volatility in the Philippine equities market.
In a disclosure to the stock exchange on Thursday, DMPI’s ultimate parent firm Del Monte Pacific Limited (DMPL) said it would delay the issuance until market conditions improve.
“Market conditions continue to be volatile and the company has been advised by its bankers and advisors that it would be in the best interest of the company and DMPI to defer the offering until such time when the market conditions improve,” DMPL said.
This marks the second time that DMPI has postponed its IPO. The company had initially targeted listing at the Philippine Stock Exchange (PSE) last April, but was prompted to push back its issuance to give way to the stock rights offering of several lenders at the time amounting to around P110 billion. — Arra B. Francia

Tourism contribution to GDP highest in 18 years

Tourism’s contribution to the Philippine economy, as measured by the share of tourism direct gross value added (TDGVA), was highest in 18 years, the government said this morning.
According to preliminary data from the Philippine Statistics Authority (PSA), the TDGVA stood at 12.2% of the country’s gross domestic product (GDP) in 2017, up from the previous year’s 10.7% and was the highest since 2000.
The TDGVA amounted to P1.929 trillion, up by 24.2% from the previous year’s P1.554 trillion.
Resident tourists spent the most, as domestic tourism expenditure grew 25.5% to P2.645 trillion from P2.108 trillion in 2016.
Meanwhile, non-resident tourists spent P448.6 billion in 2017, up 43.9% from P311.7 billion in the previous year.
Employment in tourism slightly grew to 5.3 million from 2016’s 5.2 million. The share of employment in tourism industries to total employment stood at 13.1% in 2017. — Christine Joyce S. Castaneda

Approved construction permits rise in first quarter

The number of approved building permits continued to grow in the first quarter albeit slower amid a decline in residential construction projects.
Preliminary results from the Philippine Statistics Authority showed the number construction permits rising 2.6% year on year to 36,002.
Residential constructions, which account for 71% of the total approved building permits in the first quarter, declined by 1.2% to 25,362. On the other hand, permits for non-residential constructions increased 11.8% to 5,587.
CALABARZON topped the regions with approved permits numbering 8,199. In terms of value, the National Capital Region placed first with construction permits amounting P36.4 billion. — Jochebed B. Gonzales

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