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Volvo PHL to open Pampanga dealership in Q2 2023

From left are Volvo Philippines AVP for Sales Froilan Valencia, VP for Finance Matthew T. Lee, Marketing Director Christopher Lee Yu, and President and CEO Atty. Albert B. Arcilla with Gateway Group executives Chairman Markane Goho, Brand Head Gerry Hernandez, and EVP Michael Goho. — PHOTO FROM VOLVO PHILIPPINES

VOLVO PHILIPPINES and the Gateway Group have partnered to open a dealership in Pampanga, finalized in a contract signing ceremony held recently at the Volvo Makati Showroom.

Scheduled to formally open in the second quarter of 2023, the Volvo Pampanga showroom will reflect the brand’s new retail image. Designed to showcase the Scandinavian-inspired values of calm, clean lines with “cool on the outside and warm on the inside”-style architecture, the Volvo Retail Experience (VRE) is a space where guests can feel at home.

In the meantime, Volvo car enthusiasts in Pampanga and other nearby areas in Northern Luzon can visit the temporary site on MacArthur Highway, Baliti, San Fernando, Pampanga. The new dealership is operated by the Gateway Group — one of the fastest-growing automotive networks in the Philippines — and may be reached through its official Facebook account, Volvo Cars Pampanga.

“We tread on an exciting path toward becoming a truly electrifying car brand — both in the products we carry and the quality of service we provide. We have full confidence in our partner and look forward to a thriving relationship with the Northern Luzon market. We want to bring Volvo cars closer to people and provide them with the freedom to move in a personal, sustainable and safe way,” shared Volvo Philippines President and CEO Atty. Alberto B. Arcilla.

Present in the signing ceremony were Gateway Group Chairman Markane Goho, EVP Michael Goho, and Brand Head Gerry Hernandez, joined by Mr. Arcilla and Volvo Philippines Marketing Director Christopher Lee Yu, Vice-President for Finance Matthew T. Lee, and AVP for Sales Froilan Valencia.

“Volvo Pampanga will certainly be a gateway for new and exciting opportunities for the brand. We look forward to seeing you there!” said Mr. Yu.

Seaoil celebrates Ampol partnership

Seaoil Philippines, Inc. marked its fifth year with Ampol, Australia’s largest transport energy distributor and retailer, which acquired 20% equity interest in the company in 2017. Seaoil and Ampol executives raise a toast in celebration of the five-year partnership. From left: Ampol Executive General Manager for International and New Business Brent Merrick, Seaoil President for Commercial Business and Chief Operating Officer Stephen Yu, Seaoil Chief Executive Officer (CEO) Glenn Yu, Seaoil Chairman Francis Yu, Ampol CEO Matt Halliday, Ampol Executive General Manager Andrew Brewer, and Ampol Chief Finance Officer for Fuels and Infrastructure Steve O’Connor.

Yields on gov’t debt drop on dovish Fed comments

YIELDS on government securities (GS) dropped week on week after the US Federal Reserve hinted at slower rate hikes to help avoid a hard landing for the world’s largest economy.

GS yields, which move opposite to prices, dropped by an average of 9.58 basis points (bps) at the secondary market week on week, according to the PHP Bloomberg Valuation Service Reference Rates as of Dec. 2 published on the Philippine Dealing System’s website.

Short tenors mostly declined except for the 364-day Treasury bill (T-bill), which saw its rate go up by 16.04 basis points (bps) to 5.2414%. Meanwhile, yields on the 91-, and 182-day T-bills decreased by 3.22 bps and 7.61 bps to 4.1448% and 4.8476%, respectively. 

Likewise, at the belly, rates of the two-, three-, four-, five-, and seven-year Treasury bonds (T-bonds) decreased by 9.18 bps (to 5.9148%), 9.29 bps (6.2437%), 8.41 bps (6.4499%), 7.36 bps (6.5882%), and 10.68 bps (6.7754%), respectively.

At the long end of the curve, the 10-, 20-, and 25-year papers went down by 22.60 bps, 20.90 bps, and 22.18 bps to 6.9976%, 7.4494%, and 7.4008%, respectively.

Total GS volume dropped to P10.303 billion on Friday from the P12.858 billion seen on Nov. 25.

An analyst said yields rallied last week after the Fed Chair Jerome H. Powell hinted at slower rate hikes to help support the US economy.

“Yields continue to drop last week on slower BTr (Bureau of the Treasury) borrowing and as local GS track the drop in US Treasury yields,” a trader said.

“There are also scheduled maturities for Dec. 4 and 6 that helped support buying momentum,” the trader added.

Last week, the government partially awarded the T-bills it auctioned off even as bids reached P35.787 billion, higher than the P15-billion offer.

It also made a partial award of the reissued 20-year T-bonds it offered last week. The BTr raised just P22.969 billion from its offer of 20-year papers, less than the programmed P35 billion, even as total bids reached P65.514 billion.

For the week, the market will continue to price in the dovish comments of the Fed chief, the analyst said.

The analyst also expects investors to remain bullish on tenors at the belly amid expectations of faster November inflation.

A BusinessWorld poll of 15 analysts held last week yielded a median estimate of 7.8% for November headline inflation.

If realized, this would mark the eighth straight month that inflation breached the Bangko Sentral ng Pilipinas’ (BSP) 2-4% target.

This is also quicker than the 3.7% print a year earlier and a tad faster than the 7.7% print in October. Still, it will be within the BSP’s 7.4%-8.2% estimate for the month.

The Philippine Statistics Authority will release inflation data on Tuesday, Dec. 6. — B.T.M. Gadon

How PSEi member stocks performed — December 2, 2022

Here’s a quick glance at how PSEi stocks fared on Friday, December 2, 2022.


Analysts’ November 2022 inflation rate estimates

INFLATION likely quickened beyond the Bangko Sentral ng Pilipinas’ (BSP) target for an eighth straight month in November, mainly due to costlier food items and higher electricity rates, analysts said. Read the full story.

Analysts’ November 2022 inflation rate estimates

PSEi to move sideways ahead of CPI, labor data

REUTERS

LOCAL SHARES are expected to move within a limited range this week as investors await the release of November consumer price index (CPI) and labor data.

The bellwether Philippine Stock Exchange index (PSEi) lost 245.34 points or 3.64% to close at 6,489.65 on Friday, while the broader all shares index declined by 81.38 points or 2.32% to 3,419.65.

Week on week, the PSEi decreased by 117.29 points or 1.78% from its close of 6,606.94 on Nov. 25.

Online brokerage 2TradeAsia.com said in a report that the PSEi declined on Friday as investors opted to pocket their gains ahead of a shortened trading week and on optimism after the US Federal Reserve hinted at slower rate hikes.

“The Fed’s shift in tone towards ‘slowing down’ its aggressive hawkish stance on policy rates caused a ripple of optimism across capital markets,” 2TradeAsia.com said.

Fed Chairman Jerome H. Powell said last week that it was time to look at smaller interest rate hikes, but said borrowing costs may remain high for a while to help bring down elevated inflation.

The US central bank has raised borrowing costs by 375 basis points since March, with the fed funds rate now at the 3.75-4% range. The Fed’s next meeting is scheduled on Dec. 13-14.

“The local stock market gauge, the PSEi, corrected sharply lower for the second straight day, though still considered a healthy downward correction or profit taking after hefty gains recently,” Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said.

For this week, 2TradeAsia.com said investors are awaiting the release of November CPI data, which could provide leads on the Bangko Sentral ng Pilipinas’ (BSP) next move. The BSP’s last meeting for this year is on Dec. 15.

A BusinessWorld poll of 15 analysts held last week yielded a median estimate of 7.8% for November headline inflation. If realized, this would breach the BSP’s 2-4% target for the eighth straight month.

2TradeAsia.com added that the non-working day on Dec. 8 in commemoration of the Feast of the Immaculate Conception of Mary will give the PSEi room to consolidate.

“Finding the correct play for 2023 is going to be the crux of most trades in the next few weeks — monitor for possible spikes in volume as funds find rationality over this wall of worry,” it said.

“For the coming days, any sustained gains above the 6,430 immediate major resistance would still help maintain the integrity of the underlying upward trend over the past two months,” Mr. Ricafort added.

He said investors will also be pricing in the results of the November labor force survey and gross international reserves data slated to come out on Nov. 7.

Mr. Ricafort placed the PSEi’s immediate minor support at 6,360 to 6,520 and next resistance at 6,600.

Meanwhile, 2TradeAsia.com put the PSEi’s immediate support at the 6,350 to 6,400 range and resistance at 6,800. — Justine Irish D. Tabile

Peso may continue to climb vs dollar ahead of inflation data

BW FILE PHOTO

THE PESO may continue to strengthen against the dollar this week ahead of the release of November inflation data that could give the Bangko Sentral ng Pilipinas (BSP) impetus to hike interest rates further.

The local unit returned to the P55-per-dollar level on Friday, closing at P55.74, surging by 48 centavos from its P56.22 finish on Thursday, Bankers’ Association of the Philippines data showed.

This is the peso’s strongest close in nearly four months or since the P55.61 close on Aug. 12.

Week on week, the local unit appreciated by 93 centavos from its P56.67 close on Nov. 25.

The peso opened Friday’s session at P56.20 per dollar, which was also its weakest showing. Its intraday best was at P55.71 against the greenback.

Dollars exchanged rose to $1.28 billion on Friday from $898.7 million on Thursday.

The peso strengthened on Friday on the back of policy signals from the Philippine central bank chief, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

BSP Governor Felipe M. Medalla on Friday said the central bank is likely to hike interest rates anew this month, but the Monetary Board has yet to decide whether to tighten by 25 or 50 basis points (bps) on Dec. 15 following dovish hints from the US Federal Reserve chief.

“Certainly, we will not do zero and I cannot speak for the rest of the board. But I think the board members will probably be split between whether doing 25 or 50 (bps),” Mr. Medalla said in an interview with Bloomberg TV.

Fed Chair Jerome H. Powell last week signaled it was time to slow the pace of coming rate increases. The US central bank now widely expected to raise rates by just 50 bps in its last policy meeting for the year to be held on Dec. 13-14 following four straight 75-bp hikes.

The Fed has raised borrowing costs by 375 bps since March to a range between 3.75% and 4%.

Meanwhile, the BSP has hiked benchmark rates by 300 bps since May to keep rising prices in check, with the policy rate now at 5%.

The peso also rose “ahead of the expected seasonal increase in OFW (overseas Filipino workers) remittances and conversion to pesos before the holiday season,” Mr. Ricafort said. 

UnionBank of the Philippines, Inc. Chief Economist Ruben Carlo O. Asuncion noted that the peso’s movement against the dollar throughout November stood out as the best monthly performance of the currency since 2017. 

This is largely attributed to money sent home by migrant Filipinos as the year ends. Inflows of remittances should continue to support the easing pressures on the foreign exchange volatility with the coming holidays, Mr. Asuncion said.

For this week, he said the peso may continue to strengthen as market players recalibrate their Fed and BSP rate hike expectations. 

Mr. Ricafort also said the market will be on the lookout for key local data releases this week, namely reports on November inflation, labor and dollar reserves.   

A BusinessWorld poll of 15 analysts yielded a median estimate of 7.8% for November inflation, within the BSP’s 7.4-8.2% forecast for the month.

If realized, this would mark the eighth straight month of inflation breaching the BSP’s 2-4% target. It will also be the fastest in 14 years or since the 9.1% in November 2008.

For this week, Mr. Ricafort expects the local unit to move from P55.30 to P56 per dollar, while Mr. Asuncion gave a lower forecast range of P56.30 to P55.80. — Keisha B. Ta-asan

Argentina, the Netherlands gain World Cup quarterfinals berths

JULIAN ALVAREZ OF ARGENTINA — REUTERS

AL RAYYAN, Qatar — Lionel Messi scored his first goal in a World Cup knockout round in his 1,000th match to beat Diego Maradona’s tournament tally, as Argentina beats off a frenzied Australia fightback to win 2-1 on Saturday and reach the quarterfinals.

Messi his side ahead after 35 minutes with a coolly taken low strike for his 94th international goal, passing the great Maradona’s eight World Cup goals, in a match where he was instrumental in almost every Argentine attack.

Julian Alvarez made it two near the hour mark after pouncing on a howler by keeper Mat Ryan to set up a mouth-watering last-eight clash next Friday with the Netherlands, who beat the United States 3-1 earlier in the day.

With nothing to lose, the Socceroos, chasing a first World Cup quarterfinal berth, pulled a goal back 13 minutes from time when Craig Goodwin’s wayward shot took a huge deflection off Enzo Fernandez and flew into the net for an own goal.

Messi spurned two clear chances late on but it was Australia’s teenaged substitute Garang Kuol who set hearts racing in the stadium when deep into stoppage time his close-range shot on the turn was brilliantly saved by Emi Martinez.

The Australia bench had their heads in their hands as the final whistle blew moments later, sparking fervent celebrations from the Argentina squad and roars around the packed Ahmad Bin Ali Stadium.

Man of the match Messi admitted the final moments were tense.

MESSI MAGIC
Argentina took a while to find their stride in a physical match that started off scrappy, with Alejandro Gomez, Fernandez and Alvarez combining well but unable to break down a resolute defense as Messi struggled to make his mark.

Australia had a chance from a corner when towering defender Harry Souttar leapt high in the area but headed tamely.

Lifted throughout by the overwhelmingly Argentine support, which cheered, sang and bounced in unison from all sides of the stadium, Argentina finally made the breakthrough after 35 minutes with Messi the creator and finisher of a superbly worked goal delivered at breathtaking speed.

He took a free kick then picked out Alexis Mac Allister, who passed to Nicolas Otamendi to tap gently back into the path of Messi, who fired low into the corner and beyond the reach of the outstretched Ryan.

Argentina got their second close to the hour after a huge back-pass blunder from Ryan, who came under pressure from Rodrigo De Paul and was robbed of the ball by Alvarez, who turned and slotted home.

Australia refused to give up and launched a succession of threatening moves that rattled an Argentina side whose attention was focused more on their own attacks.

After Goodwin’s deflected shot went in there was a real prospect of extra time in a stadium where the Socceroos had booked their World Cup place via a penalty shootout win over Peru in an intercontinental playoff earlier this year.

They pushed forward relentlessly and nearly equalized when Aziz Behich darted dangerously into the area before a brilliant saving tackle by Lisandro Martinez.

Argentina tried for a third goal, with Lautaro Martinez firing wide and Messi coming close before Australia substitute Garang Kuol missed with seconds left in stoppage time.

DUTCH FULL BACKS SHOW THE WAY TO THE QUARTERFINAL
DOHA — The Netherlands’ full backs proved the difference as veteran Daley Blind and hard-running Denzel Dumfries turned in decisive performances to help secure a 3-1 win over the United States in Saturday’s opening match of the World Cup knockout stages.

Dumfries netted and had two assists while Blind scored too as the Dutch saw off a brief spell of US resistance to book a quarterfinal.

Striker Memphis Depay got the first goal as the Netherlands advanced to a seventh World Cup quarterfinal.

A comfortable 2-0 halftime lead was halved in the 76th minute as the Americans finally made a breakthrough, even if scorer Haji Wright seemed to know little about the ball hitting his heel and then looping into the corner of the net.

However, any hopes they had of staging a comeback were ended five minutes later as Dumfries sealed his man-of-the-match performance by ghosting in at the back post and side-footing a volley into the net to restore the two-goal advantage.

The Dutch deserved the win but again there will be questions about whether they are serious World Cup contenders — something coach Louis van Gaal keeps insisting they are, although he was quick to admit Saturday’s showing could have been a lot better.

Van Gaal’s side did, though, offer some glimpses of classy potential, no more so than with a series of 20 passes that set up their 10th minute opener — finished off by Depay smartly hitting home a cut-back pass from Dumfries.

The second Dutch goal, on the stroke of halftime, was almost identical. Blind also delayed his entry into the area and Dumfries found him with another perfect pass from the right, allowing Blind to score for the third time in 98 internationals.

The American defense was sucker-punched on both occasions although in between their team had chances, notably Christian Pulisic in the third minute when goalkeeper Andries Noppert got his lanky leg in the way to block the shot.

They also had two second-half efforts cleared off the line but were always vulnerable to the counter-attack where the Dutch could have made much more of numerous opportunities to add to their tally.

In the end, though, they added only one more goal – but at a vital juncture, just as the crowd at the Khalifa International Stadium was beginning to offer the Americans encouragement.

Blind was criticized as the Dutch dithered their way through Group A but reminded everyone of his quality with a deft chip over the defense to allow Dumfries to kill off the contest. — Reuters

Lady Archers set a finals date with Lady Bulldogs

BETTINA Binaohan, Charmine Torres and Lee Sario backstopped Tchuido for the Lady Archers, who gained a separation at 61-52 midway through the fourth. — UAAP MEDIA

AND they meet again.

De La Salle University (DLSU) set a much-awaited finals date with familiar foe National University (NU), earning a 74-69 decision over a pesky University of Santo Tomas (UST) side in the do-or-die Final Four of the UAAP Season 85 women’s basketball tournament yesterday at the Mall of Asia Arena.

Armed with a twice-to-beat bonus as the No. 2 seed, the Lady Archers held fort and atoned for a 68-57 defeat in Game 1 to earn a shot at unseating the six-time reigning champion Lady Bulldogs in the best-of-three titular showdown next week.

Four players scattered twin digits led by Fina Niantcho Tchuido with 18 points, 12 rebounds, two steals and two blocks as La Salle barged back to the finals for the first time in six years.

De La Salle bowed to NU in Season 79, 0-2, but it was also the last team to beat the latter in the finals by virtue of a 2-1 victory in 2013 — making it a perfect rematch made in heaven for either a continuation of NU dynasty or a De La Salle destiny this time around.

The Lady Archers were also the only team to beat NU this season, eking out a 61-57 overtime win in the elimination round to snap the latter’s 108-game, nine-year winning streak and turn a supposedly steep stepladder playoffs to a traditional Final Four format.

But it wasn’t handed on a silver platter for De La Salle with Santo Tomas’ heavy resistance all series long, especially after a stunning loss in Game 1.

“The girls just wanted it more this time around. They knew we needed to be aggressive to beat a very good UST team,” said coach Cholo Villanueva after nearly losing a comfortable nine-point lead in crunch time.

“UST played one heck of a series against us but we’re the better team this time around. We made proper adjustments for that last finals spot against NU,” he added.

Bettina Binaohan (17), Charmine Torres (16) and Lee Sario (12) backstopped Tchuido for the Lady Archers, who gained a separation at 61-52 midway through the fourth after a toe-to-toe duel in the first three quarters.

De La Salle, however, needed one last stand as Santo Tomas rallied with a 17-8 spree to tie the match at 69-all before Ms. Binaohan and Ms. Torres iced the deal with clutch freethrows in the last 30 seconds.

Agatha Bron had 13 points while presumptive MVP Eka Soriano put up 10 markers, nine boards, six assists and three steals in the gallant exit of the third-seeded Growling Tigresses. — John Bryan Ulanday

The scores:

DLSU 74 — Niantcho 18, Binaohan 17, Torres 16, Sario 12, Jimenez 5, Dalisay 3, Arciga 2, De La Paz 1, Camba 0, Ahmed 0, Espinas 0.

UST 69 — Bron 13, Soriano 10, Dionisio 9, Villasin 8, Tacatac 8, Pangilinan 8, Ambos 8, Serrano 3, Santos 2.

Quarterscores: 21-18, 38-34, 57-50, 74-69

San Diego continues to lead PHL women’s chess championship

MARIE Antoinette San Diego — FIDE

MARIE Antoinette San Diego has been dreaming of becoming national champion since childhood.

The search for the 23-year-old Dasmariñas-based Woman International Master (WIM) could be over in a couple of days.

Ms. San Diego escaped the upset axe from Franchesca Largo with a 33-move draw of a Queen’s Pawn London System to continue to lead the way after eight rounds of the Philippine National Women’s Chess Championship presented by Nova Wellness Store at the PACE yesterday.

In a wild game filled with sacrificial attacks, Ms. San Diego went from winning to losing after Ms. Largo gave up a knight that sent the Olympiad veteran scampering for safety in an inferior position.

In the end, Ms. Largo couldn’t see the winning line and settled for a draw via perpetual check.

If Ms. San Diego, who faces Woman FIDE Master Shania Mae Mendoza, Bea Mendoza and April Joy Claros in the last three rounds, could sustain the charge, she would claim her very first national women’s crown after several tries.

At distant second with 6.5 points was Woman Grandmaster Janelle Mae Frayna, who was held to a marathon 74-move standoff by Mary Joy Tan of a King’s Indian Attack, while at third with six points was Vic Glysen Derotas, who stunned former national champion WIM Jan Jodilyn Fronda in 35 moves of an English Opening. — Joey Villar

Fury taunts Usyk after beating Chisora to retain WBC title

LONDON — Britain’s Tyson Fury roared out a challenge to rival heavyweight world champion Oleksandr Usyk of Ukraine after retaining his WBC title with a savage 10th round stoppage of compatriot Derek Chisora on Saturday.

Fury’s one-sided victory in front of 60,000 fans packing Tottenham Hotspur’s North London stadium on a chilly December night completed a trilogy over a brave but outclassed opponent.

The ‘Gypsy King’ had threatened ‘carnage’ in the ring and he dominated from the opening bell, with Chisora repeatedly on the ropes and taking some punishing blows from his taller and heavier opponent.

Fury was popping in the jabs freely in the second round, with Chisora unsteady on his legs in the third when both fighters tumbled accidentally to the canvas.

“Total dominance,” said former WBA champion David Haye, commentating ringside for BT Sport after six rounds of pummelling.

Chisora’s right eye began to close up from the seventh, the challenger receiving attention in his corner at the end of the following rounds as the fight became a race between a stoppage and a knockout.

Chisora’s long-time trainer Don Charles was not about to throw in the towel, however, and it needed referee Victor Loughlin to step in — the Scot finally waving a halt with 10 seconds remaining in the 10th of the 12 scheduled rounds.

Fury, 34, took his unbeaten professional record to 33 wins and a draw as Chisora, 38, suffered a fourth defeat in his last five fights and 13th in 46 career bouts.

The champion also beat Chisora comfortably in their previous encounters in London in 2014 and 2011 and Saturday was really a filler before a much bigger potential fight next year, probably in Saudi Arabia.

‘WHERE’S USYK?’
“Where’s Oleksandr Usyk, the rabbit?,” Fury roared at the crowd.

The Briton then went face to face with the Ukrainian, the WBA, IBF, WBO and IBO champion who had been watching from ringside and was booed by the crowd when his face appeared on the big screen.

“Hey rabbit, you’re next,” screamed Fury.

“Me and you … I’m going to write you off. I’ve already done one Ukrainian (Wladimir) Klitschko and I’ll do you as well. You ugly little man. Let’s get it on.”

Usyk smiled, saying nothing in reply.

The war of words was in sharp contrast with Fury’s respect for his beaten friend, the pair touching gloves at the end of the eighth after another bruising round with Chisora again on the ropes and punched at will.

“I needed some rounds,” said Fury, whose last fight was a sixth-round stoppage of compatriot Dillian Whyte at Wembley in April. He had announced his retirement then but could not stay away for long.

“I felt good in there tonight, I was landing my jab and landed some good punches. I take nothing away from Del Boy ‘War’ Chisora. He’s an absolute warrior and it’s been a privilege to fight him three times,” he said.

“We’ve had three epic fights and what a tough man. I was hitting him with shots there that would knock anybody else spark out and he stood up to every one of them.”

Chisora thanked the referee for taking matters into his own hands. “As a fighter you don’t want to stop,” he said. — Reuters

Brooks defeats strawweight champion Pacio in ONE Championship

JOSHUA Pacio relinquished his strawweight title to American challenger Jarred Brooks, absorbing a unanimous decision loss as ONE Championship marked its Philippine comeback for ONE 164 after almost three years due to the pandemic.

Despite the jampacked Filipino crowd at the Mall of Asia Arena rallying behind him, the Team Lakay stalwart could not get the job done in his fourth title defense against a very aggressive Mr. Brooks, who ran away with the country’s only remaining world title.

Mr. Brooks, the 29-year-old grappler, relied on his timely striking paired with a series of takedown attempts that set the tone in the majority of the match as Mr. Pacio turned to a defensive fighter from his usual fiery attack game.

In anticipation of Mr. Brooks’ lethal ground game, Mr. Pacio was kept at bay and failed to land his usual power shots highlighted by a spinning kick miss in the fourth round that left an opening for Brooks to finally complete a takedown.

By then, the Michigan, USA native almost had the victory in his hands with a rear naked choke in the waning seconds but Mr. Pacio escaped after being saved by the bell.

It went the distance through five rounds with Mr. Brooks hoisting the belt as the new strawweight king that in the process capped a subpar campaign for Filipino fighters in ONE’s twinbill event.

“Much respect to Joshua Pacio and Team Lakay. I know I had some choice words, but I was just trying to make this fight as big as possible. I love the Filipino people. I know I’ve been the heel a lot but I’m a good person,” said the emotional Mr. Brooks, who improved to 20-2.

Only Jeremy Pacatiw (triange choke) and Jhanlo Mark Sangiao (rear naked choke) won from the Team Lakay stable as Eduard Folayang, Geje Eustaquio, Jenelyn Olsim and Adonis Sevilleno also suffered devastating defeats.

Other Philippine bets Denice Zamboanga, Drex Zamboanga and Jackie Buntan salvaged the country with big wins as Brandon “The Truth” Vera announced his retirement after a TKO loss to Iran’s Amir Aliakbari. — John Bryan Ulanday

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