Home Blog Page 12708

Victoria Azarenka pulls out of Australian Open

MELBOURNE — Former champion Victoria Azarenka, who has been locked in a custody battle over her young son, pulled out of the Australian Open on Monday.

The two-time winner had been handed a wildcard into the opening Grand Slam of the year in Melbourne, starting on Jan. 15, but will not be making the trip.

“It’s unfortunate that Azarenka is unable to travel to Australia this year,” tournament director Craig Tiley tweeted.

“The Australian Open is her favorite tournament and she’s looking forward to returning to Melbourne next year.”

Azarenka returned from maternity leave in the middle of last year but skipped the US Open after a Los Angeles judge presiding in a custody case over her son Leo ruled she could not leave California until the matter had been settled.

She had been in doubt for Melbourne Park after pulling out of last week’s Auckland Classic.

The Belarusian is the latest top name to withdraw from the Australian Open.

Serena Williams, herself a new mother, opted out last week, saying she was still not at the level needed for a major tournament after giving birth.

Andy Murray and Kei Nishikori are also non-starters after succumbing to injury. — AFP

Political adviser wants Smartmatic out in next polls

PRESIDENTIAL ADVISER on political affairs Francis N. Tolentino said that Filipinos should facilitate the elections instead of foreign-owned companies like Smartmatic. “One of the ways to do this is to assert by legislation that service providers should be run and controlled by Filipino citizens. Not the other way around. Kung hindi, kawawa naman tayo (If not, we lose),” said Mr. Tolentino, who has an ongoing electoral protest against Senator Leila M. de Lima. The Venezuelan information technology company Smartmatic has been the service provider of the automated local and national elections from 2008 to 2016. Critics have time and again questioned the company’s operations, such as the alleged script alteration in the 2016 national elections, but the Commission on Elections has cleared Smartmatic.

Australian miner expresses interest in Diwalwal investment

DAVAO CITY — The Philippine Mining Development Corp. (PMDC) has received an expression of interest from an unidentified Australian miner as a possible first investor in the the Diwalwal Mineral Reservation Area (DMRA) in Mr. Diwata, Monkayo, Compostela Valley, which is intended to be a showcase for responsible mining practices and on-site ore processing.

“Very soon… Diwalwal will showcase responsible mining,” PMDC president and chief executive officer Alberto B. Sipaco, Jr., said. He added that the signing of an agreement between PMDC and the Philippine Economic Zone Authority (PEZA) will convert the 8,100-hectare DMRA into a mineral processing industry zone.

Mr. Sipaco said the company is currently negotiating with officials of the Australian firm. “They are willing to double the commitment fee to develop a six-by-six meter tunnel that will connect Victory Tunnel to Boston in Davao Oriental,” he added.

The government is eager to deter mining by small-scale operators who are less accountable when it comes to observing mining regulations, and also wants to extract ore value domestically from the country’s mineral wealth. By establishing a PEZA-accredited mineral processing plant in Diwalwal, he said, minerals can be processed locally into high-value products that can be exported.

Mr. Sipaco said the establishment of a mineral processing zone in Diwalwal will encourage investors to put up processing plants considering that raw materials are readily available

He said the development of the mining industry in Diwalwal will open up more economic opportunity, industrialize the gold industry, establish settlements in safe areas near the mining area and provide more funding for housing projects in the area. He said all these economic activities are expected to create revenue and tax opportunities for investors and the government.

“The timeline… will depend on how fast we can come up with the different aspects of the project; state mining means before we mine, we see to it that it is ripe for instituting measures and practices that would lead to responsible mining,” he said.

Mr. Sipaco said the company has identified about 150 hectares of land in Mt. Diwata where the investor can put up the gold refinery, gold processing plants and resorts in anticipation of more tourist arrivals in the area.

“We will make this project sustainable so that this will become a mining legacy for the area, Diwalwal being the gold find of the century,” he said.

While PMDC is banking on foreign partnerships to establish the mineral processing zone, it said it will not limit investment to foreign investors. “This is the condition I have given to investors who have signified their intention to invest in the area,” he added.

PMDC will lead the exploration and development of the gold-rush area. PMDC is a wholly owned and controlled government corporation 44% owned by the Natural Resources Development Corp. (NRDC), 36% by the Philippine National Oil Co. (PNOC) and 20% by the National Development Corp. (NDC). DENR Administrative Order No. 2003-38 designates PMDC as the agency’s implementing arm in undertaking mining and mineral processing operations in the DMRA.

“The focus of exploitation and development of the gold-rush area is still the major obligation of the national government and this responsibility encompasses many engagements crucial to the protection of many stakeholders,” he said. PMDC’s mission includes the development of hosting communities, ensuring better reach of corporate social responsibility, extending royalties to the Indigenous Peoples (IPs), protecting key watersheds and reservoirs from destruction, desilting riverways affected by destructive mining and raising public funds to develop infrastructures.

PEZA Director General Charito Plaza has said the declaration of the DMRA as a mineral processing zone area is in line with the pronouncement made by President Rodrigo R. Duterte during his State-of-the-Nation Address “to stop illegal mining and smuggling of raw minerals.”

She said minerals from Diwalwal are being smuggled out to Hong Kong, among other places. Inviting investors to set up processing plants in Diwalwal will help PMDC put a stop to illegal extraction and smuggling of gold. — Carmencita A. Carillo

Johnson dominates Tournament of Champions

LOS ANGELES — World number one Dustin Johnson powered to an eight-shot triumph at the US PGA Tour Tournament of Champions in Hawaii on Sunday.

Johnson’s masterful display off the tee at the par-73 Plantation Course at Kapalua included a near hole-in-one at the par-four 12th hole — where his drive left him a six-inch tap-in for eagle.

He carded an eight-under par 65 for 24-under 268 and his 17th US PGA Tour triumph.

Spain’s Jon Rahm was second after a 69 for 276 and is projected to rise to number three in the world thanks to his runner-up finish.

Brian Harman, who started the day two shots behind Johnson atop the leaderboard, closed with a one-under 72 for sole possession of third place on 277.

It was a further stroke back to Japan’s Hideki Matsuyama (66) and Americans Pat Perez (69) and Rickie Fowler (70).

But it was Johnson who dominated. He raced away from the field with four birdies on the front nine.

His only miscue of the day was at the par-three 11th, where he was in a bunker off the tee en route to a bogey.

He responded in magnificent style with his monster drive setting up his eagle at the 12th, and he padded his lead with three straight birdies at 14, 15, and 16. — AFP

Ayala to buy out MCT’s minority shareholders

AYALA LAND, Inc. (ALI) has launched an offer to buy out the minority shareholders of MCT Bhd. after securing control of the Malaysian developer.

The real estate arm of the Ayala group said in a disclosure to the stock exchange on Monday its subsidiary Regent Wise Investments Limited (RWIL) issued a notice of an unconditional mandatory takeover offer to the board of directors of MCT to acquire all the remaining shares of the company that are not owned by the ALI unit.

RWIL is required to undertake the offer in accordance to the Capital Markets and Services Act and the Malaysian Code on Take-Overs & Mergers after breaching the 33% trigger point.

Last week, RWIL entered into conditional share purchase agreement with MCT non-executive director Tan Sri Goh Ming Choo for the acquisition of his 17.24% stake in the Malaysian company for RM 202.50 million.

The deal effectively raised Ayala Land’s interest in MCT to 50.19%, cementing the Philippine real estate giant’s control over the latter.

Ayala Land kicked off the offer after the agreement became unconditional following the receipt of a waiver from Bursa Malaysia to allow for 51% of the cash consideration to be settled in tranches, MCT said in a separate filing.

Securing control of MCT will strengthen Ayala Land’s commitment to expand the developer and provide the Philippine company to participate in the favorable prospects of the real estate sector in Malaysia, its first investment in Southeast Asia.

Ayala Land bought a 9.16% interest in MCT in April 2015 then exercised its option to buy additional shares and boost its stake to 32.95% eight months later.

Under its 2020 Vision, Ayala Land is targeting a 20% annual growth rate to hit a net income of P40 billion.

For the first nine months of 2017, ALI saw an 18% increase in earnings to P17.8 billion, on the back of a 16% growth in revenues to P98.9 billion.

Shares in Ayala Land shed 30 centavos or 0.66% to close at P45.20 apiece on Monday. — Krista Angela M. Montealegre

Met’s The Pearl Fishers screened

GEORGES Bizet’s opera The Pearl Fishers, the second offering for the CCP Met Opera in HD Season 5, will be screened on Jan. 9, 6:30 p.m., at the Greenbelt 3 Cinema 3 in Makati City. The opera tells about Nadir and Zurga whose friendship is tested when both fall in love with Leila, a Hindu priestess. The opera stars soprano Diana Damrau (photo) as Leïla, and Matthew Polenzani and Mariusz Kwiecien portray Nadir and Zurga. The CCP Met Opera in HD series features screenings of the latest operatic productions of the Metropolitan Opera of New York through the high-definition digital video technology and Dolby sound recreating the experience of watching an opera production at the Met “live.” For inquiries, call CCP Sales and Promotions at 832-3706, or e-mail ccpsalesandpromo@gmail.com, Greenbelt 3 Cinema Customer Service Hotline at 757-7883. or visit www.culturalcenter.gov.ph.

Rescue crews wrestle to tame China oil tanker fire; body of mariner found

BEIJING/SEOUL — Rescue crews wrestled to bring a blaze on an Iranian oil tanker off China’s east coast under control on Monday as fire raged for a second day following a collision with a grain ship, while the body of one of the 32 missing crew members was found on aboard.

Concerns were growing that the tanker, which hit a freight ship on Saturday night in the East China Sea and burst into flames, may explode and sink, the official China Central Television (CCTV) said on Monday, citing experts on the rescue team.

Poor weather continued to hamper the rescue work, Lu Kang, a spokesman at China’s foreign ministry, told a regular news briefing.

The extent of the environmental harm and size of the oil spill from the ship were not known, but the disaster has the potential to be the worst since 1991 when 260,000 tons of oil leaked off the Angolan coast.

The remains of one of the 32 mariners on board was found on Monday afternoon, Iranian and Chinese officials confirmed.

Mohammad Rastad, head of Iran’s Ports and Maritime Organisation, was quoted by the ISNA news agency as saying that the body had been sent to Shanghai for identification. The fate of the remaining 31 sailors is not known.

The Sanchi tanker (IMO:9356608) run by Iran’s top oil shipping operator, National Iranian Tanker Co, collided with the CF Crystal (IMO:9497050) on Saturday evening about 160 nautical miles off China’s coast near Shanghai and the mouth of the Yangtze River Delta.

Chinese state media CCTV showed footage on Monday of a flotilla of boats dousing the flames with water as plumes of thick dark smoke continued to billow from the tanker.

One portion appeared to show the fire had been extinguished, although this could not be independently confirmed. China’s Ministry of Transport and Maritime Safety would not comment when asked if the fire was out.

“The Chinese government takes maritime accidents like this very seriously, and has already dispatched many search and rescue teams to the scene to carry out search and rescue,” said the foreign ministry’s Mr. Lu said.

China sent four rescue ships and three cleaning boats to the site, South Korea dispatched a ship and a helicopter, while a US Navy military aircraft searched an area of about 3,600 square nautical miles (12,350 sq km) for crew members.

The Panama-registered tanker was sailing from Iran to South Korea, carrying 136,000 tons of condensate, an ultra-light and highly volatile crude. That is equivalent to just under 1 million barrels, worth about $60 million, based on global crude oil prices.

Ship tracking data shows the collision occurred in waters not frequently used by large vessels like tankers, dry-bulk carriers or container ships. Most ships travel either closer to the Chinese coast in the west or more nearby to Japan in the east. The freight ship, which was carrying US grain, suffered limited damage and the 21 crew members, all Chinese nationals, were rescued.

China’s transport ministry said the CF Crystal was being taken to the port of Luhuashan, just south of Shanghai, where authorities will start an investigation into the cause of the incident.

COLORLESS, ODORLESS AND HARMFUL
Bad weather made it hard for the rescue crews to get access to the tanker, but toxic gas from the burning oil posed a major risk.

When condensate meets water, it evaporates quickly and can cause large-scale explosion as it reacts with air and turns into a flammable gas, the transportation ministry said on Monday.

Trying to contain a spill of condensate, which is extremely low in density, highly toxic and much more explosive than normal crude oil, may be difficult.

When liquid, most condensate is colorless and virtually odorless. Surface spills of condensate are therefore difficult to detect visually, making them hard to manage and contain.

Tankers also carry shipping fuel, known as bunker, which is extremely heavy and toxic when spilled, though much less explosive.

The Shanghai Maritime Bureau’s navigation department said the collision did not affect traffic in and out of Shanghai, one of the world’s busiest and biggest ports, or ports along the Yangtze river.

A spokesman for South Korea’s Hanwha Total Petrochemical Co Ltd, which was due to receive the cargo, said it would use its own stockpiles to replace the lost cargo. — Reuters

Diesel, kerosene prices up

GASOLINE PRICES will be unchanged this week, oil companies said on Monday, reflecting the movement of prices in the international petroleum market. But diesel prices will be higher by P0.55 per liter while kerosene prices will be up by P0.30 a liter. The oil companies that sent their advisories on Monday said they would be raising prices of the two products by 6 a.m. on Tuesday, Jan. 9. The price adjustment came after the cost of gasoline, diesel and kerosene rose last week by P0.20, P0.65 and P0.75 per liter, respectively. All three products — along with aviation fuel, fuel oil, liquefied petroleum gas (LPG) and auto LPG — are expected to become more costly starting this year with the implementation of new excise taxes and the first-time imposition of value-added taxes on most of them. The Department of Energy (DoE) earlier said that it was not expecting prices to increase significantly in the first 15 days of the year because of the required 15-day supply buffer for oil companies. The department has directed oil companies to submit by Jan. 5, a report on their inventory as of end-2017 on a per-depot and per-product basis. Also required is the submission of the daily summary of withdrawal starting Jan. 1, 2018 until the depletion of the declared inventory. “They complied,” said Undersecretary Felix William B. Fuentebella in a text message when asked about the report submission. — Victor V. Saulon

Phoenix interested in Joe Devance, but Ginebra poised to keep veteran cager

BARANGAY GINEBRA has put versatile veteran player Joe Devance in the unrestricted free agent list and Phoenix Fuel was the first team to express interest publicly.

But because of a loophole in the PBA rules, Mr. Devance is going to stay as a Gin King.

Multi-titled coach Tim Cone of Barangay Ginebra made sure of that.

“It’s kinda a loophole in the rule where other teams cannot claim that player. He has to get into an agreement,” Mr. Cone said. “Joe is happy where he is at. He has no reason to leave. We talked to him about it. We know he’s coming back six to eight weeks, hopefully.”

According to Mr. Cone, teams can try to lure Mr. Devance away from Barangay Ginebra, but believes the veteran cager will hang on and stay where he is.

“They could try. But I don’t think they will be successful. He’ll take a P5-million contract if he can,” said Mr. Cone in jest. “He has no reason to go. We know that. We don’t feel he’s gonna go. A loophole in the league, we’re taking advantage of it.”

The loophole Mr. Cone was referring is that even though a player has been put in an unrestricted free agent list, his mother team will still have his rights.

“It’s been done before to other star players like Ryan Reyes, Kelly Williams and even Ranidel de Ocampo. Obviously, no one’s going to steal Ranidel from anybody and no one is going to steal Joe from us. It’s a loophole in the rules. It’s not illegal. It’s legal to do it, so we’re gonna do it.”

Mr. Devance was put on the unrestricted free agent list to allow John Wilson, a practice player, to crack the roster.

“We could have kept John as a practice player. John fills out our 15th player. We wanted John to be active because he makes more money if he’s active because when you’re a practice player your salary is lower. It gives him an opportunity to make more money. Joe understood it. He’s doing it basically for John. John gets a chance to possibly get some minutes. It gives us an opportunity to showcase John,” added Mr. Cone.

“John has been working hard and he deserves to play. So we elevated him from a practice player to the roster. We talked to Joe about being put in the unrestricted free agent. He’s not gonna lose anything that is owed to him. It’s just a formality.”

Mr. Devance status as an unrestricted free agent caught the attention of Phoenix coach Louie Alas, the Fil-Am player’s former mentor.

Mr. Alas coached Mr. Devance in the PBL while they were together at Toyota Otis and the comebacking bench tactician expressed interest on acquiring the services of his old ward.

“Of course, I’m serious on the possibility of getting him. Joe Devance is Joe Devance. I have to ask our boss how we can do it.”

But Phoenix team manager Paolo Bugia downplayed the possibility of getting Mr. Devance knowing that everything has already been pre-arranged by Ginebra.

“I think it’s been pre-arranged, so it would be difficult for us to get him,” added Mr. Bugia. — Rey Joble

Radiohead sues Lana del Rey for song similarity

NEW YORK — Singer Lana Del Rey said Sunday that English rockers Radiohead have sued for writing credit on one of her songs, seeing uncanny similarities to their breakthrough track “Creep.” The 32-year-old Los Angeles-based singer, like Radiohead known for the frequent darkness of her music, insisted she had not been inspired by “Creep.” The dispute centers on “Get Free,” the closing track on her last album Lust for Life, which opens with seemingly identical guitar chords to “Creep” at a similar, steady-churning tempo. Del Rey confirmed a lawsuit after it was reported by British tabloid The Sun, saying that she had offered a compromise but that Radiohead wanted full credit. A representative for Radiohead did not immediately respond to a request for comment sent late Sunday. — AFP

China’s new ‘Silk Road’ cannot be one-way, France’s Macron says

XIAN — French President Emmanuel Macron said on Monday China and Europe should work together on Beijing’s “Belt and Road” initiative, a project aiming to build a modern-day “Silk Road” he said could not be “one-way.”

Mr. Macron began his first state visit to China with a stop in Xian, an eastern departure point of the ancient Silk Road, hoping to relaunch EU-China relations often strained by Beijing’s restrictions on foreign investment and trade.

“After all, the ancient Silk Roads were never only Chinese,” Mr. Macron told an audience of academics, students and business people at the Daming Palace, the royal residence for the Tang dynasty for more than 220 years.

“By definition, these roads can only be shared. If they are roads, they cannot be one-way,” he said.

Unveiled in 2013, the Belt and Road project is aimed at connecting China by land and sea to Southeast Asia, Pakistan and Central Asia, and beyond to the Middle East, Europe and Africa.

Mr. Xi pledged $124 billion for the plan at a summit in May but it has faced suspicion in Western capitals that it is intended more to assert Chinese influence than Beijing’s professed desire to spread prosperity.

Mr. Macron, who pledged to visit China at least once every year during his mandate, said the new infrastructure and cultural projects promoted by China could also be in France’s and Europe’s interest if done in a spirit of cooperation.

“These roads cannot be those of a new hegemony, which would transform those that they cross into vassals,” Mr. Macron said.

Alice Ekman of the Paris-based IFRI think tank said: “For the moment, considering how extensive and unclear the Chinese project continues to be, several European countries including France have shown caution about it.

“For China, the new Silk Roads are also a tool to promote new international standards, rules and norms that are different from those currently used by France and other European countries,”

British Finance Minister Philip Hammond said in December Britain, which is quitting the European Union (EU), wanted closer cooperation with China over the Belt and Road scheme.

Mr. Macron, 40, has said Europe should not be “naive” in its trade relations, pushing in Brussels for more stringent anti-dumping rules against imports of cheap Chinese steel.

In June, he urged the European Commission to build a system for screening investments in strategic sectors from outside the bloc, which drew criticism from Beijing.

In Xian, Mr. Macron said he hoped EU-Chinese relations could have a new start, based on “balanced rules,” after acknowledging there had been mistrust and “legitimate questions” in China as well as fears amongst Europeans.

Europe was now united and ready to cooperate with China after years of crisis-management and economic stagnation, Mr. Macron said.

“What I came to tell you, is that Europe is back,” he added.

The French president, who is traveling with a delegation of 50 businessmen, is hoping to gain more access for French companies to Chinese markets. — Reuters

Police name suspects in hotel robbery

POLICE have released the identities of four men they believe pulled off last week’s armed robbery at the Mabuhay Manor Hotel in Pasay City. The suspects were identified through footage captured by the hotel’s closed-circuit television cameras during the Jan. 2 holdup and photos picked out by witnesses from the rogue’s gallery of the Pasay City police. — News5/interaksyon.com