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Rockets, Pistons, Magic have best chance for no. 1 in NBA Draft

THE order of selections for the 2022 NBA Draft will be known on Tuesday, when the league conducts the lottery in Chicago.

The Houston Rockets, Orlando Magic and Detroit Pistons all have a 14% chance to draft No. 1 in this year’s draft on June 23.

All three teams are guaranteed a top-five pick in the draft under the revised lottery rules put in place to guard against tanking.

Houston posted the league’s worst regular-season record (20-62), behind Orlando (22-60) and Detroit (23-59). The Pistons selected Cade Cunningham No. 1 in 2021.

Oklahoma City had 24 wins last season, netting the Thunder a 12% chance of taking the grand prize in the lottery on Tuesday.

“I think you’re going to see improvement this year and I think our big move is after this coming year,” Rockets owner Tilman Fertitta said of his club’s ongoing rebuild.

Regular-season records determined the order of selections 15-30. The lottery system identifies the teams selecting in the top 14.

Houston, which selected Jalen Green No. 2 in 2021, also holds the No. 17 pick via trade from the Brooklyn Nets in next month’s draft.

Green and Cunningham appear to be building blocks based on stellar rookie seasons. Cunningham backs Duke forward Paolo Banchero as the No. 1 pick, but he isn’t a consensus top selection just yet. Auburn forward Jabari Smith and Gonzaga 7-footer Chet Holmgren are among the other prospects positioning to be the first player off the board.

Orlando fell to No. 5 in the 2021 lottery despite a 14% chance to get the top pick. The Magic selected Jalen Suggs (Gonzaga) with their first lottery pick since 2018.

The National Basketball Association (NBA) draft combine is also in Chicago this week before the June 1 deadline for players to pull out of consideration and return to college. — Reuters

Thai bet nips Lois Kaye Go in playoff of team match play

VINH PHUC — Natthakritta Vongtaveelap of Thailand stayed on course for a gold medal sweep as she nipped Lois Kaye Go in a playoff, dashing the Philippines’ gold medal hopes in women’s golf team match play at the Heron Lake Golf Course on Tuesday.

Ms. Vongtaveelap flubbed a six-foot birdie putt on the par-5 No. 9 but watched Ms. Go flub her par-bid from just about the same distance, enabling Thailand to forge a gold medal duel with Malaysia.

Ms. Go earlier trounced Eila Galitsky 3 and 1 to force a playoff after Ms. Vongtaveelap foiled young Rianne Malixi 2 and 1 in their side of the duel.

In a match between two top players, Ms. Vongtaveelap outsteadied Ms. Go, a member of the team that won the gold in the 2019 SEAG at Luisita in Tarlac, splitting the fairway in the playoff as Go drove into the left rough.

Though the Thai dumped her second shot into the right greenside bunker, she blasted to within birdie range but missed the putt. Ms. Go hit the fairway on her second shot but came up short on her approach, then muffed her par-bid from six feet, enabling Ms. Vongtaveelap to clinch the win for Thailand and stay on course for a gold medal sweep after a dominant stint in individual competition.

Ms. Malixi, whose campaign is backed by ICTSI, held her ground against Ms. Vongtaveelap majority of their semis clash but just couldn’t pull it off in the end.

The setback relegated the fourth-seeded Philippine team to a bronze medal duel with No. 2 Singapore, which lost 0-2 to third-ranked Malaysia in the other semis clash.

Mirabel Ting and individual bronze medalist Jeneath Wong eased past Suanne Loh and individual silver medalist Aloysa Mabutas as Malaysia arranged a gold medal clash with fancied Thailand.

The two countries will also dispute the men’s team gold after Thailand crushed Singapore, 3-0, and Malaysia nipped Indonesia, 2-1.

Individual gold medalist Ervin Chang also remained on track for a sweep as leads Nateeshvar Ganesh and Marcus Chuen Lim against the crack Thai troika of Ratchanon Chantananuwat, individual bronze medalist Weerawish Narkprachar and Asit Areephan.

Contenders

Devin Booker was, in his words, “locked in” heading into Game Seven of the Western Conference Semifinals. From the outside looking in, the Suns’ leading scorer wasn’t just speaking out of bravado; in the 2021 National Bas-ketball Association Playoffs, he torched the Lakers with a 47-point masterpiece that announced his readiness for the big stage. And it wasn’t simply because of his familiarity with pressure; he was also slated to suit up at the Footprint Center, where a highly partisan crowd awaited to prove why the purple and orange had the best home record in the regular season.

As things turned out, the biggest name on the marquee did show up for battle. The problem was that he didn’t play for the Suns. Indeed, three-time All-Star Luka Dončić was prolific from the get-go, setting the stage for a blowout that effectively ended the rubber match at the half. In fact, so dominant was he that he managed to equal the collective point total of the opposition. Meanwhile, the supposedly ready-for-prime-time Booker had zero — as embarrassing an effort as any in the history of pro hoops.

To be sure, Booker wasn’t alone in ignominy. In producing only 27 points to go down 30 after two quarters, the Suns likewise got nothing from their other members of the Big Three. He, future Hall of Famer Chris Paul, and 2018 first overall pick Deandre Ayton combined to shoot one of 15 from the field. And the break didn’t do any good; the lead actually ballooned to 46 midway through the final period.

Which is to say the Suns, shepherded by back-to-back Coach of the Year awardee Monty Williams, didn’t just fail. They failed spectacularly, and against competition that wasn’t given much of a chance against them. Just like in the 2021 Finals against the Bucks, they went two and zero after two outings in the best-of-seven affair. And just like in the 2021 Finals against the Bucks, they then managed to snatch defeat from the throes of victory. This time around, they bowed four times over the next five contests, and in those four, the margin of defeat was a combined 79 markers.

For the Suns, the good news is that Paul wants to give the championship another shot. Even as he turned 37 earlier this month, he just came off a campaign in which he led the league in assists. It likewise bears noting that his leadership on and off the court have become integral to success in the valley. The bad news is his increasing lack of mobility and susceptibility to ailments; he was limited to 65 games in the regular season, and not for nothing did he play Game Seven with a left quadriceps injury.

And then there is the future of Ayton, whose contract the Suns refused to extend last year, and whom Williams kept off the floor for long stretches of Game Seven. He’s going to be expensive to retain, if at all. That said, they do have more than enough to contend anew. With another disappointing season imparting valuable lessons, they’re in prime position to keep contending — if they’ve learned enough, that is, to reach for the stars with their feet on the ground.

ANTHONY L. CUAYCONG has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and Human Resources management, corporate communications, and business development.

Karate squad launches their title-retention campaign

NINH BINH CIT — Defending champions Junna Tsukii and Jamie Lim see action on Wednesday as they launch their title-retention bids in the karate competitions of the 31st Southeast Asian (SEA) Games at the Ninh Binh Gymnasium here.

Ms. Tsukii, the 2019 SEA Games women’s champion in the minus 50kg class of kumite (sparring), fights Vietnamese Dinh Thi Huong while Ms. Lim takes on Sirivimon Sirimounghoune of Laos in the minus 61kg class.

“We are expecting Junna and Jamie to defend their titles. We are expecting a few surprises from our kata players Rebecca and John Enrico Vasquez,” Karate Pilipinas President Richard Lim said.

Kata (form) events will start at 9 a.m. while kumite action begins after lunch.

Seven female kata players will show their skills in the individual event with Ms. Torres leading the charge, while Ms. Vasquez expects to display grace and great timing in the men’s individual kata side against six counterparts.

Jayson Macaalay faces Vietnamese Vo Van Hien in the men’s minus 60kg kumite while Matthew Manantan takes on Cambodia’s Virak Bouth Chrun in the men’s 67kg kumite class.

End to open-pit ban triggers showdown over Tampakan

PHILSTAR FILE PHOTO

The return of open-pit mining is expected to cause “grave environmental destruction,” a think tank said, though analysts believe it will result in more investment that will boost the economy.

The Center for Energy, Ecology, and Development (CEED) said in a statement that resuming open-pit mining projects will ruin forest cover in mining areas, damage natural watersheds, and expose residents to pollution.

“It will cost the local government greatly in the long run when it comes to addressing the health and livelihood impacts the projects will bring to their constituents,” it added.

On Monday, the South Cotabato provincial government reversed its 12-year-old ban on open-pit mining, paving the way for the continuation of the contested Tampakan copper-gold project.

Sagittarius Mines, Inc. (SMI) is the developer of Tampakan, being in possession of a Financial and Technical Assistance Agreement.

According to SMI, the mine is one of the “largest undeveloped copper-gold deposits in the world.”

In 2021, the government lifted the four-year ban on open-pit mining as well as the nine-year moratorium on granting mining permits.

“Tampakan has been the subject of opposition from locals and other concerned groups for over a decade for good reason. It makes no sense that the (provincial council) now brings all that to nought at a time when climate change impacts are also intensifying. Open-pit mining and large-scale extractive industries in general exacerbate climate vulnerabilities of host communities, and we have long seen proof that Mindanao is not exempt from catastrophic disas-ters,” CEED added.

Environmental group Alyansa Tigil Mina said the South Cotabato process for lifting the ban was flawed.

“The Sangguniang Panlalawigan (SP) members railroaded the process of amending the Environmental Code of the province as they hastily approved in regular session a motion to adopt proposed amendments, without any dis-cussion or vote,” the group said in a statement.

“It is worth noting that the proposed amendments carried changes that were not originally part of the proposal presented to the public. These additional amendments were also fast-tracked (with) no benefit of any discussion whatsoever,” it added.

Advocates of Science and Technology for the People (AGHAM), a nongovernmental organization, added that the amendment of the environmental code was hasty and timed to coincide with the national elections.

“The lifting… took place immediately after the national and local elections. It was contrived such a manner obviously to prevent public reproach, outrage and condemnation,” the group said.

AGHAM said that if the Tampakan project goes head, thousands of residents could be displaced, five major rivers or tributaries face contamination, and at least 33,000 hectares planted to rice in the Koronadal Valley will be af-fected.

An economist said that the return of open-pit mining in the region will attract more investment and generate more jobs and other business opportunities for the area.

“For as long as global best practices are observed in the mining activities, as well as effectively managing the impact on the environment, to make economic gains sustainable over the long-term and for the coming generations,” RCBC Head Economist Michael L. Ricafort said in a text message.

The Chamber of Mines of the Philippines (COMP) also expressed its support for the recent decision, noting that open-pit mining could be performed safely and sustainably.

“Open-pit mines can be operated safely, according to globally accepted standards, and can be rehabilitated properly in a manner that provides alternative and productive land use after the life of mine,” COMP said in an e-mail.

The chamber said that the reopening of the Tampakan mine would achieve a “vibrant, multi-faceted local and regional economy that provides sustainable employment, business opportunities, and access to education, health, and other social development programs that will improve and enhance the quality of life of those living in these projects’ host communities, including their children.”

“The Tampakan project will be an essential post-pandemic economic recovery tool whose actual and potential benefits far outweigh the potential negative impacts. We believe no other sector is likely to provide a more respon-sible and sustainable alternative,” it added. — Luisa Maria Jacinta C. Jocson

Unilab unit expands Sta. Rosa facility with new production line

source: https://www.facebook.com/Unilab/

A unit of Unilab, Inc. expanded its manufacturing operation in Sta. Rosa, Laguna, the Board of Investments (BoI) said in a statement on Tuesday.

The BoI said Amherst Parenterals, Inc., inaugurated a new sterile liquid production line, which involved investment of P291.21 million, on April 29.

“Amherst’s newly-constructed production line will be utilized in the manufacturing of sterile liquid solutions for nebulization (respiratory therapeutic products) as part of the company’s commitment to provide Filipinos with ready access to quality and affordable healthcare products,” the BoI said.

According to the BoI, Amherst was registered on Sept. 23 and makes respiratory therapy nebule products such as Salbutamol and Salbutamol + Ipratropium.

BoI Executive Director Bobby G. Fondevilla said: “The government is very much appreciative of the company’s efforts and commitment to provide our countrymen with ready access to quality and affordable healthcare… this business decision is very significant as the country continues to recover from the coronavirus disease 2019 (COVID-19) pandemic.”

Recent healthcare industry approvals from the BoI include a P24-million project of Lloyd Laboratories, Inc., which is seeking to become a local producer of COVID-19 oral drug Molnupiravir; and the $1.9-billion project of Medtecs International Corp. Ltd. to establish an industrial complex focused on producing personal protective equipment (PPE), as well as electric vehicles (EVs) and textiles.

The BoI said the Lloyd Laboratories project will have an annual production capacity of one million 400-milligram (mg) capsules of Molnupiravir while the Medtecs project will generate 125,000 jobs over seven years. — Revin Mikhael D. Ochave

Indonesian augmented reality developer plans $20-M PHL investment

INDONESIA’s PT WIR Asia Tbk plans to invest an initial $20 million in the Philippines for 2022, bringing in its augmented reality (AR) technology, the Department of Trade and Industry (DTI) said.

In a statement on Tuesday, the DTI said the Philippine Trade and Investment Center in Jakarta met with PT WIR officials in April to discuss its entry into the Philippines.

WIR, a listed company, develops AR technology integrated with virtual reality (VR) and artificial intelligence (AI).

“PT WIR Asia Tbk is considered the first Metaverse company in Indonesia and has opened offices in the Philippines through the acquisition and investment in domestic Philippine companies,” the DTI said.

“The Indonesian tech company currently has five global patents for AR which are registered nationally as well as in the Patent Cooperation Treaty (PCT) which covers 153 countries. WIR Group has completed more than a thou-sand projects, encompassing AR and VR application development and branding projects, for corporations from various industrial sectors located in more than 20 countries,” it added.

According to Trade Secretary Ramon M. Lopez, AI technology is expected to revolutionize everyday life within the next decade.

He added that the Philippines has been enhancing its own AI capacity, which holds the potential to lower cost, boost efficiency, increase revenue, and improve the customer experience.

“We expect the talent of the Filipino to lead in terms of building, developing, and utilizing new technologies like AI, robotics, the cloud, and 5G connectivity, among others, and use these technologies for economic expansion, so-cial change, and nation-building,” Mr. Lopez said. — Revin Mikhael D. Ochave

Jan.-Feb. births and deaths fall sharply

FILE PHOTO

The number of registered births and deaths in the two months to February declined by 63.2% and 60.4% year on year, respectively, the Philippine Statistics Authority (PSA) reported.

Citing preliminary data from its Vital Statistics Report, the PSA said births in the first two months of 2022 totaled 68,087, with the National Capital Region (NCR) accounting for 10,727, or 15.8% of all births nationwide.

Calabarzon (Cavite, Laguna, Batangas, Rizal, Quezon) was close behind with 10,023, down 62.9% from a year earlier.

Registered deaths amounted to 43,805 nationwide, down 60.4% from a year earlier. Metro Manila accounted for 8,385 or 19.1% of all deaths in the Philippines.

Registered marriages, on the other hand, totaled 21,495, down 64% from a year earlier. Metro Manila registered the most marriages with 3,094 or 14.4% of the national total.

In a separate statement, the PSA said ischaemic heart diseases, cerebrovascular disease, and neoplasms — a category that includes cancer — were the top three causes of deaths.

Ischaemic heart diseases accounted for 20.8% of the total deaths in the country while cerebrovascular diseases accounted for 9.9% and neoplasms 8.9%.

Deaths associated with COVID-19 totaled 3,007 in the first two months, of which the dead who had been identified as infected with the virus accounted for 2,377 cases. COVID-19 was the sixth-leading cause of death dur-ing the period.

The NCR had the highest number of deaths due to COVID-19 with 1,339 or 44.5% of the total. This was followed by Calabarzon with 512, and Central Luzon 459.

Quezon City had the largest number of deaths due to COVID-19 with 301, accounting for 22.5% of the total. This was followed by the City of Manila with 218 or 16.3% and the City of Caloocan with 143 or 10.7%.

According to the PSA, COVID-19 death data were based on the descriptions written on the medical certificate of the deceased and certified by health officers of the local government units where the death took place.

These COVID-19 tallies differ from the disease surveillance numbers produced by the Department of Health.

Data on the Vital Statistics report was compiled from tallies generated by city or municipal Civil Registrars, consolidated by the PSA’s Provincial Statistical Offices and then submitted to the Office of the Civil Registrar General as of March 31, 2022.

The PSA also noted that the figures are results of actual registration without any adjustment for under registration. — Abigail Marie Pelea Yraola

Fuel marking revenue hits P459.58 billion

PHILIPPINE STAR/KRIZ JOHN ROSALES

TAXES generated from fuel marking amounted to P459.58 billion since the program started in September 2019, the Department of Finance said.

The total includes P429.77 billion collected from customs duties as of May 12. Some P29.81 billion worth of excise taxes had been collected as of Oct. 28, 2021.

The volume of marked fuel was 41.33 billion liters as of May 13, according to data provided by Finance Secretary Carlos G. Dominguez III via Viber on Monday.

Luzon accounted for over 73% of all marked fuel, or over 30 billion liters, while 8.6 and 2.2 billion liters were marked in Mindanao and the Visayas, respectively.

Diesel accounted for 60.70% of all marked fuel, while gasoline consisted of 38.8%, and kerosene 0.51%.

Mr. Dominguez said in his message that he believes the next administration should continue the fuel marking program.

He added that it is essential the program be included in the next administration’s fiscal consolidation plan, considering the revenue it brings in and its effectiveness at curbing oil smuggling.

The fuel marking program was launched on Sept. 4, 2019. Fuel is marked with a special dye to signify tax compliance, while the absence of the dye is considered an indication that the fuel may be smuggled.

The program is authorized by Republic Act 10963, or the Tax Reform for Acceleration and Inclusion (TRAIN) law.

Last year, P158.44 billion was collected via duties. In 2022 so far, collections amounted to P144.77 billion.

Some 28 oil companies are participating in the fuel marking program.

The Bureau of Customs has marked a total of 12.19 billion liters of fuel this year, as of May 13. Last year, it marked 17 billion liters.

Mr. Dominguez said that the government expects to collect P147.1 billion worth of fuel excise tax and value-added tax in 2022. — Tobias Jared Tomas

Pilmico meat unit targets distribution to over 300 supermarkets this year

Pilmico Food Corp.-controlled meat retailer The Good Meat said it has set a target to distribute its product to over 300 supermarkets as well as additional bricks-and-mortar stores by the end of 2022.

“This is in line with the goal of Pilmico, the Aboitiz Group’s food and agribusiness unit, to become closer to their consumers,” the company said in a statement on Tuesday.

The Good Meat currently supplies fresh cuts, marinated pork, and ready-to-cook products to over 250 supermarkets, including Puregold, Robinsons Supermarket, Marketplace by Rustan’s, Merrymart, Shopwise, and Divimart in Greater Luzon.

“The Good Meat aspires to be the leading pork supplier in the Philippines,” Pilmico Vice-President of Farm Sales and Meat Operations Hendel P. Cabral said. “We make sure to follow only the highest food safety standards in our technologically advanced facilities so that more Filipinos can enjoy quality meats.”

In March, Pilmico said that The Good Meat tapped Landmark supermarket to distribute ready-to-cook products, while a new physical store was opened in Libis, Quezon City.

The company processes its meats at Tarlac Meatmasters.

“The facility implements heightened food safety protocols and biosecurity measures that ensures The Good Meat provides safe and premium quality meats,” Pilmico said.

The Good Meat products are also available in e-commerce platforms such as its website, thegoodmeat.ph, Shopee, Lazada, Food Panda, Grab, Pick-A-Roo, and MetroMart. — Revin Mikhael D. Ochave

CTA rules against BIR in withholding tax dispute

The Court of Tax Appeals (CTA) has partially granted an appeal by Tullet Prebon Philippines, Inc. (TPPI), a financial services company, to review an assessment of the company’s 2016 unutilized and excess credit withholding tax amounting to P11.3 million.

In a 24-page decision on May 11, the CTA Third Division ordered the Commissioner of Internal Revenue to issue a tax credit certificate to the petitioner, reducing its tax liabilities to P7.5 million.

“(TPPI’s) administrative claim was filed on June 26, 2018, while the judicial claim via the instant petitioner for review was filed on April 11, 2019, it is clear that both the administrative judicial claims were timely filed,” the court said in the ruling written by CTA Associate Justice Erlinda P. Uy.

TPPI is based in Taguig City and brokers foreign exchange transactions, deposits, and other income security agreements.

The tax court noted that since the company was able to prove that it filed its administrative claim within the prescribed period, the Court had jurisdiction to handle the dispute.

“Timeliness of the filing of the claim is mandatory and jurisdictional and the court cannot take cognizance of a judicial claim for a refund either prematurely or out of time,” it said. “As long as the administrative claim and the judicial claim were filed within the two-year prescriptive period, then there was the exhaustion of the administrative remedies.”

The CTA noted that the certificate of creditable taxes withheld presented by the TPPI was deemed competent and conclusive evidence of payment and remittance to the revenue bureau.

The petitioner was able to substantiate only P7.5 million of the P11.3 million unutilized credit withholding tax for 2016. — John Victor D. Ordoñez

Stocks rise as March cash remittances grow 3.2%

BW FILE PHOTO

PHILIPPINE shares ended higher on Tuesday on data showing higher remittances from overseas Filipino workers (OFW) in March and continued bargain hunting.

The benchmark Philippine Stock Exchange index (PSEi) gained 1.42% or 92.54 points to finish at 6,594.66 on Tuesday, while the broader all shares index improved by 0.78% or 27.37 points to 3,533.65.

“The local bourse extended its rally this Tuesday by 92.54 points (1.42%) to 6,594.66 as investors appreciated the Philippines’ March cash remittance [data]… The continuous growth in cash remittances is seen to help the local economy by giving a boost to demand, primarily household spending,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a Viber message.

Marc Kebinson L. Lood, Timson Securities Inc. head of online trading, said in a Viber message that the market closed higher due to bargain hunting after the PSEi hit 6,300 last week.

“It is also expected that the central bank will raise interest rates to protect the currency and keep inflation under control. Meanwhile, investors are looking at the very cheap market… as well as good first-quarter earnings from some blue-chip companies and growing OFW remittances, which support consumption,” he added.

Money sent home by OFWs rose by 3.2% in March, reflecting improved economic conditions in many host countries as pandemic restrictions eased.

Data released by the Bangko Sentral ng Pilipinas (BSP) on Monday showed cash remittances sent through banks stood at $2.59 billion in March, up from $2.51 billion in the same month in 2021.

For the first three months of the year, cash remittances rose by 2.4% to $7.77 billion, from $7.59 billion in the comparable period last year.

The BSP expects remittances to grow by 4% this year.

Meanwhile, the BSP Monetary Board is holding a policy meeting on Thursday. A BusinessWorld poll of 17 analysts conducted last week showed they are divided on the BSP’s next move, with nine betting rates will remain un-changed, while eight are expecting a 25-basis-point hike.

Among sectoral indices, the lone decliner was services, which dropped 0.10% or 1.99 points to 1,857.51.

Meanwhile, holding firms went up 2.13% or 127.19 points to 6,098.08; property climbed 1.67% or 49.82 points to 3,026.86; financials increased 1.22% or 19.02 points to 1,573.59; mining and oil rose 0.65% or 70.87 points to 10,904.47; and industrials improved 0.59% or 54 points to 9,069.98.

Value turnover on Tuesday was at P7.32 billion with 1.17 billion shares switching hands, lower than the P8.06 billion with 678.36 million issues recorded on the previous trading day.

Advancers outnumbered decliners, 109 versus 88, while 50 names closed unchanged.

Net foreign selling declined to P65.05 million on Tuesday from the P763.47 million recorded on Monday. — RMDO