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9th typhoon in PHL seen to stay away from land

TROPICAL DEPRESSION Isang, the 9th typhoon to enter the Philippines this year, is not expected to move near the country’s land area and is unlikely to bring rains, according to weather bureau PAGASA. 

“On the forecast track, this tropical depression is forecast to remain far from the Philippine archipelago,” PAGASA said in its 5 p.m. bulletin on Thursday.  

“Isang remains unlikely to directly affect the weather condition in the country throughout the forecast period,” it said, with the tropical depression seen to exit the country by Sunday. 

As of 4 p.m. Thursday, Isang was 1,280 kilometers (kms) east of northern Luzon and moving in a northwest direction with maximum sustained winds of 45 kms per hour (km/h) near the center and gustiness of up to 55 km/h. 

PHL shares inch up on last-minute foreign buying

COURTESY OF PHILIPPINE STOCK EXCHANGE, INC.

PHILIPPINE shares inched up on Thursday as foreigners picked up shares at the last minute despite the government’s move to lower its growth target for the year. 

The Philippine Stock Exchange index (PSEi) went up by 38.33 points or 0.57% to close at 6,718.51 on Thursday, while the broader all shares index climbed 23.22 points or 0.56% to end at 4,141.63. 

“The local bourse gained 0.57% lifted by net foreign buying… bucking the performances of our regional peers,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a Viber message. 

Net foreign buying surged to P725.08 million on Thursday from the P90.51 million logged on Wednesday. 

“Investors booked gains earlier in the session as the Development Budget Coordination Committee (DBCC) downwardly revised its GDP (gross domestic product) growth target,” Ms. Alviar said. “Also, negative sentiment from the performance of Wall Street stocks overnight spilled over. Then at the last minute, foreigners helped the bourse to close in the green. However, market participation remained weak.” 

The DBCC on Wednesday downgraded the country’s economic growth target for this year to 4-5% from 6-7% previously due to the reimposition of strict lockdowns across the country as virus cases surge anew. 

“PSEi [is] doing catch up among the Asian equities as we continue to trade lower year-to-date versus gains in the majority of the Asian markets amid anticipation of better prospects for 2022,” Papa Securities Corp. Equities Strategist Manny P. Cruz said in a text message.  

“Local shares [are] rallying on three factors — faster vaccine rollout in NCR (National Capital Region), better earnings during the second quarter, and play on lower restrictions,” he added.  

As of Monday, 10,716,042 coronavirus disease 2019 (COVID-19) jabs have been administered so far in NCR. 

“For today and tomorrow, those monitoring Philippine shares are awaiting the announcement of Metro Manila’s new quarantine classification,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a separate Viber message on Thursday. 

Most sectoral indices posted gains on Thursday except for mining and oil, which declined by 170.45 points or 1.81% to 9,204.80, and financials, which lost 1.81 points or 0.12% to finish at 1,443.53. 

Meanwhile, holding firms gained 68.02 points or 1.02% to end at 6,719.17; industrials improved by 67.95 points or 0.7% to 9,709.03; property rose by 18.89 points or 0.6% to close at 3,159.95; and services inched up by 4.82 points or 0.29% to 1,644.06. 

Decliners beat advancers, 95 against 88, while 46 names remained unchanged. 

Value turnover declined to P5.28 billion with 1.30 billion issues traded on Thursday, from P6.18 billion with 1.14 billion shares that switched hands in the previous trading day. — Keren Concepcion G. Valmonte 

Peso weakens vs dollar on downgraded GDP growth goal, Fed minutes

THE PESO weakened versus the greenback on Thursday after the government slashed its growth target and amid hawkish hints in the minutes of the US Federal Reserve’s July meeting.

The local unit closed at P50.55 per dollar on Thursday, losing 12 centavos from its P50.43 finish on Wednesday, data from the Bankers Association of the Philippines showed.

The peso opened Thursday’s session at P50.48 versus the dollar. Its weakest showing was at P50.62, while its intraday best was at P50.40 against the greenback.

Dollars exchanged climbed to $1.084 billion on Thursday from $796.1 million on Wednesday.

The peso depreciated after the government downwardly revised its 2021 growth target due to the reimposition of strict lockdowns to control the Delta-driven surge in coronavirus cases, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said.

The Development Budget Coordination Committee on Wednesday slashed its gross domestic product (GDP) growth target to 4-5% from its already-downgraded 6-7% goal.

The economy grew by 11.8% in the second quarter, bringing GDP growth for the first half to 3.7%, still short of the new target.

Meanwhile, a trader attributed the peso’s weakness to the minutes of the Fed’s July meeting.

Federal Reserve officials felt their employment benchmark for decreasing support for the economy “could be reached this year,” but appeared to disagree on other key aspects of where monetary policy should turn next in the transition from the pandemic crisis, according to minutes from last month’s policy meeting.

The account of the July 27-28 meeting showed Fed officials largely expect that later this year they will reduce the central bank’s emergency monthly purchases of $120 billion of Treasury bonds and mortgage-backed securities.

But consensus on other key issues appeared elusive, including the start date and pace of the bond-buying “taper,” and whether the bigger risk to the recovery is posed by inflation, ongoing joblessness, or the lurking chance that a resurgent coronavirus may throw things into reverse, Reuters reported.

For Friday, Mr. Ricafort gave a forecast range of P50.40 to P50.60 per dollar, while the trader expects the local unit to move around P50.45 to 50.70. — LWTN with Reuters

Study shows efficacy of COVID-19 vaccines wanes under Delta

A BRITISH public health study has found that protection from either of the two most commonly used COVID-19 vaccines against the now prevalent Delta variant of the coronavirus weakens within three months.

It also found that those who get infected after receiving two shots of either the Pfizer-BioNTech or the AstraZeneca vaccine may be of greater risk to others than under previous variants of the coronavirus.

Based on more than three million nose and throat swabs taken across Britain, the Oxford University study found that 90 days after a second shot of the Pfizer or Astrazeneca vaccine, their efficacy in preventing infections had slipped to 75% and 61% respectively.

That was down from 85% and 68%, respectively, seen two weeks after a second dose. The decline in efficacy was more pronounced among those aged 35 years and older than those below that age.

“Both of these vaccines, at two doses, are still doing really well against Delta… When you start very, very high, you got a long way to go,” said Sarah Walker, an Oxford professor of medical statistics and chief investigator for the survey.

Ms. Walker was not involved in work on AstraZeneca’s vaccine, which was initially developed by immunology experts at Oxford.

The researchers would not project how much more the protection would drop over time, but suggested that the efficacy of the two vaccines studied would converge within 4-5 months after the second shot.

VIRAL LOAD

Highlighting the increased risk of contagion from the Delta variant, the study also showed that those who do get infected despite being fully vaccinated tend to have a viral load similar to the unvaccinated with an infection, a clear deterioration from when the Alpha variant was still dominant in Britain.

The Oxford findings are in line with an analysis by the US Centers for Disease Control and Prevention (CDC) and come as the US government outlines plans to make COVID-19 vaccine booster shots widely available next month amid a rise in Delta variant infections. It has cited data indicating diminishing protection from the vaccines over time.

Israel began administering third Pfizer doses last month to confront a surge in local infections driven by Delta. Several European countries are also expected to begin offering boosters to the elderly and people with weak im-mune systems.

Pfizer has said its vaccine’s efficacy drops over time. Last month AstraZeneca said it was still looking into how long its vaccine’s protection lasts and whether a booster dose would be needed to keep up immunity.

“The fact that we do see … more viral load hints (…) that indeed herd immunity might become more challenging,” said co-author Koen Pouwels, also of Oxford University.

Herd immunity is when a large enough portion of the population is immune to a pathogen, either by vaccination or prior infection, stopping infection numbers from growing.

“Vaccines are probably best at preventing severe disease and slightly less at preventing transmission,” said Mr. Pouwels.

The authors cautioned that the viral concentration in the throat was only a rough proxy for severity of symptoms and that they had no new data on the duration of infections.

The survey, which has yet to be peer-reviewed before publication in a scientific journal, underscores concerns by scientists that the Delta variant, first identified in India, can infect fully vaccinated people at a greater rate than previous lineages, and that the vaccinated could more easily transmit it.

To contrast periods before and after Delta became prevalent, the Oxford researchers analyzed about 2.58 million swabs taken from 380,000 randomly picked adults between Dec. 1, 2020, and May 16, 2021, and 810,000 test results from 360,000 participants between May 17 and Aug. 1.

The study was conducted in partnership with Britain’s Office of National Statistics (ONS) and the Department for Health and Social Care (DHSC). — Reuters

Richard Sackler says Purdue family did not contribute to opioid epidemic

www.purduepharma.com

FORMER Purdue Pharma President Richard Sackler said on Wednesday that his family’s reign over the OxyContin maker did not contribute to the national opioid epidemic and downplayed his role in a marketing strategy that pros-ecutors said led to some unsafe opioid prescriptions.

Mr. Sackler was the second member of the family to testify over a bankruptcy plan that aims to resolve thousands of claims accusing Purdue of fueling the opioid crisis.

The plan’s underlying settlement includes protections for the Sackler family members that own the company against future opioid-related litigation.

Richard Sackler’s son, David, testified on Tuesday before a New York bankruptcy court that his family has a “moral responsibility” to help curb the opioid epidemic but would walk away from the deal if they do not receive releases shielding them from future opioid-related litigation. But when Richard Sackler was asked on Wednesday by an attorney for the state of Washington, which opposes the deal, whether the Sackler fam-ily or Purdue bears any responsibility for the crisis, he responded with a firm “no.”

David and Richard Sackler were both Purdue board directors.

The Sacklers have long denied wrongdoing in connection with the opioid-related lawsuits that led to the bankruptcy. Purdue has pleaded guilty to fraud and kickback charges.

More than 500,000 Americans have died since 1999 from opioid overdoses, according to the Centers for Disease Control and Prevention.

Richard Sackler was also questioned on Wednesday about the Evolve to Excellence program, which according to federal prosecutors encouraged Purdue sales representatives to increase marketing to “extreme, high-volume prescribers.”

He said that while “elements of” Evolve to Excellence were presented to the Purdue board while he sat on it, he did not recall any vote to implement the strategy. — Reuters

Returning Pacquiao takes on Ugás in WBA title clash

FILIPINO boxing legend Manny Pacquiao takes on Cuban Yordenis Ugás in a WBA welterweight title fight on Sunday (Manila time). (One Sports Facebook page/Wendell Alinea/MP Promotions)

By Michael Angelo S. Murillo 

FILIPINO eight-division world champion Manny “Pacman” Pacquiao collides with reigning World Boxing Association (WBA) super welterweight champion Yordenis Ugás of Cuba in a much-awaited ring return by the former where he is installed as a favorite. 

Slated for Sunday, Aug. 22 (Manila time) at the T-Mobile Arena in Las Vegas, Mr. Pacquiao (62-7-2, 39 KOs) battles Mr. Ugás in a scheduled 12-rounder, his first fight in two years. 

Mr. Pacquiao, 42, last fought in July 2019 where he defeated American Keith Thurman by split decision for the WBA super welterweight title, which was given to Mr. Ugás early this year with the Filipino champion rendered “champion in recess.” 

But Mr. Ugás is a late replacement opponent after original Pacquiao opponent Errol Spence Jr. had to pull out last week because of an eye injury. 

Fight analyst Nissi Icasiano shared that while Mr. Ugás has some things going for him, it is going to be hard not to like the chances of Mr. Pacquiao, also a sitting senator of the republic, in their fight this weekend. 

“It’s safe to say that this will be an uphill battle for Yordenis Ugás. I don’t see the qualities of boxers who were able to solve the pesky style of Manny Pacquiao in him. What I mean about that is he doesn’t have the counterpunching, chin and grit of Juan Manuel Marquez. He doesn’t have the finesse of Floyd Mayweather, though he was a product of a lauded and proud Cuban amateur boxing program,” Mr. Icasiano said in an interview with BusinessWorld. 

“It’s really hard to tell if he has a real fighting chance against Manny Pacquiao, especially since he floundered against the likes of Shawn Porter,” he added. 

The analyst further said that it is just unfortunate that the Pacquiao-Spence fight did not push through as it could well have been a fight of the year candidate, but he understood where the organizers were coming in bringing Mr. Ugás as a replacement. 

“A lot of people are complaining that Manny Pacquiao is fighting a relatively unknown opponent. But if Team Pacquiao and PBC (Premier Boxing Champions) would opt for a boxer with star power, it could put the much-awaited ring return of Manny Pacquiao in danger. The choice was simple — rescheduled or totally canceled,” he said. 

“I think we can say that Ugás is the best option for Manny Pacquiao at the moment.” 

For 35-year-old and former Olympian Mr. Ugás (26-4) to have a chance, Mr. Icasiano said he should at least make it a “dog fight.” 

“By making it a dog fight as rough as Jeff Horn did a few years ago would at least keep him up with the Filipino. But again, I still doubt if he can hold out when he decides to engage in that kind of pace,” the analyst said. 

“People say that he may pull off a Lehlo Ledwaba upset. But for me, I don’t see that happening because first he is already 35, and, second, he has been scouted,” Mr. Icasiano added, referring to the late champion Ledwaba who Mr. Pacquiao upset with a sixth-round TKO to win the International Boxing Federation super bantamweight title in 2001, which many consider as the start of Pacman’s legendary ascent. 

Asked to call the fight, the analyst said “I won’t be surprised if Pacquiao gets the finish within six rounds or at least dominates the fight like he did against Chris Algieri.” 

The Pacquiao-Ugás fight can be seen over various platforms including over TV5 on free TV and on Cignal TV channel 11 and Sky Cable channel 10.

‘Smarter, finer’ Magsayo plunges back into action

UNDEFEATED Filipino featherweight boxer Mark Magsayo takes on Mexico’s Julio Ceja on Sunday (Manila time), part of the under card for the Manny Pacquiao-Yordenis Ugás bout. (Mark Magsayo) 

UNDEFEATED featherweight fighter Mark “Magnifico” Magsayo of the Philippines returns to the boxing ring this weekend, “smarter and finer” as he looks to beat former super bantamweight titlist Julio Ceja of Mexico. 

Part of the undercard for the Manny Pacquiao-Yordenis Ugás fight on Sunday (Manila time) at the T-Mobile Arena in Las Vegas, 26-year-old Mr. Magsayo (22-0) said everything is a go for them and they are ready to plunge back into action. 

“Expect a smarter and finer Magsayo in this fight. I will do everything that I can for the Philippines and to give an exciting fight for the fans,” said the Bohol native in a Messenger chat with BusinessWorld 

Mr. Magsayo, who is fighting out of Mr. Pacquiao’s MP Promotions, last saw action in April this year, defeating American Pablo Cruz by technical knockout in the fourth round. 

Heading into this weekend’s contest, Mr. Magsayo said he is confident of his chances, owing to the “smooth” preparation they have had. 

“Me and my team prepared well for this fight. We have a game plan already and my team studied him so we know how to win this fight,” said the Philippine bet who has been training at the Wild Card Gym in Hollywood under the guidance of famed trainer-coach Freddie Roach. 

“Preparation has been smooth because I got to know more the coaching style of Coach Freddie and our team moves better now under such a setup. My stamina and my tendency for wild punches are some of the things we worked on,” he added.  

Mr. Magsayo also shared that he got to watch and observe the training of eight-division world champion Mr. Pacquiao and got some tips from the boxing legend which he hopes to use come fight day. 

A victory over Mr. Ceja (32-4-1, 28 KOs) is seen to thrust Mr. Magsayo to a possible crack at the World Boxing Council (WBC) featherweight title currently held by Gary Russell, Jr. of the United States. 

Former WBC super bantamweight champion Mr. Ceja, for his part, comes into the fight off a split draw with American Brandon Figueroa in 2019 and is now looking to make it a successful first outing in featherweight against Mr. Magsayo. 

He, however, lost two straight prior to his last fight. — Michael Angelo S. Murillo

Tokyo Olympic medalists to meet Duterte in courtesy call, get their incentives

TOKYO Olympic medal winners Hidilyn F. Diaz (gold), Carlo Paalam and Nesthy A. Petecio (silver) and Eumir Felix D. Marcial (bronze) will pay President Rodrigo R. Duterte a courtesy call at Malacañang on Monday. (Hidilyn Diaz Oly Facebook page)

AFTER completing their mandatory quarantine period, Filipino Olympic medal winners will give President Rodrigo R. Duterte a courtesy call at Malacañang on Monday, where they will also get their incentives for their breakthrough performances. 

Gold medalist Hidilyn F. Diaz (weightlifting), silver medalists Carlo Paalam and Nesthy A. Petecio (boxing) and bronze winner Eumir Felix D. Marcial (boxing) will be received by Mr. Duterte in ceremonies organized by the Office of the President in coordination with the Philippine Sports Commission (PSC). 

During the ceremonies, the President will hand the athletes their incentives under Republic Act 10699 or the expanded sports incentives act, along with their coaches. 

For winning gold, Ms. Diaz will get P10 million while Ms. Petecio and Mr. Paalam will receive P5 million each. Mr. Marcial will be given P3 million. 

Because of the prevailing quarantine limitations, the event will be limited to a few invitees. 

Apart from the athletes and coaches, expected to attend as well are PSC Chairman William I. Ramirez and Commissioners Arnold Agustin, Ramon Fernandez, Celia Kiram, and Charles Maxey. 

Also invited are Philippine Olympic Committee President Abraham N. Tolentino and Secretary-General Atty. Edwin Gastanes, Philippine Amusement and Gaming Corporation Chairperson Andrea Domingo, and Team Philippines Chef de Mission Mariano V. Araneta, Jr. 

The recently concluded Tokyo Olympics saw Team Philippines have its best performance in nearly a century of participation. 

The four-medal haul, including a first-ever gold medal, eclipsed the three medals (all bronze) won in 1932 in Los Angeles as the best showing of the country in the Summer Games. — Michael Angelo S. Murillo

Citi reaffirms support for Paralympic Movement, wishes Filipino athletes well at Tokyo Games

CITI Philippines reaffirmed its commitment to the Paralympic Movement just as it wished the country’s six-man athlete contingent, including para swimmer Ernie Gawilan (in photo), seeing action in the Tokyo Paralympics Games well as they represent the country. (Citi)

THE 16th Summer Paralympic Games in Tokyo fire off on Aug. 24 with Citi one in the event in championing inclusion in sports, and society in general.

In a special virtual send-off for Filipino Paralympians on Thursday, Citi Philippines reaffirmed its commitment to the Paralympic Movement just as it wished the country’s six-man athlete contingent well as it competes in the sporting event for the differently abled happening until Sept. 5.

“I wish all of you the very best of luck at this year’s Paralympic Games in Tokyo… We have all been extremely impressed, inspired and encouraged by your tremendous determination and resilience,” said Citi Philippines CEO Aftab Ahmed. “We couldn’t be prouder to support such an amazing team of athletes and will be cheering for you in your quest for a medal.”

The Philippines will be represented in this year’s edition of the Paralympics by two athletes for para athletics (Jerrold Mangliwan/wheelchair racing and Jeanette Aceveda/discus throw), two for para swimming (Ernie Gawilan and Gary Bejino), and one each for para taekwondo (Allain Ganapin) and powerlifting (Achelle Guion).

Citigroup has been a steady supporter of the Paralympic Movement throughout the years, seeing the importance of pushing for the transcending of barriers for people with disabilities, specifically through sports, to develop not only their physical well-being but self-respect and confidence as well.

As part of its push, the group has partnered with 41 athletes in different parts of the world, including Mr. Mangliwan, collectively known as “Team Citi,” to be its ambassador for its thrust for a more diverse, inclusive society, and help change perceptions of persons with disabilities.

Philippine Paralympic Committee (PPC) President Michael Barredo welcomed the continued support of Citigroup in what they want to accomplish at PPC and the entire Paralympic community.

“Our para athletes have been preparing for this moment for many years and have overcome the adversity of the games being postponed [because of the pandemic] as well as the challenges of training during the lockdown,” said Mr. Barredo.

“We are proud of what they have accomplished, and we are confident that their performance in the upcoming Paralympic Games will inspire us all. We would like the government for its support as well as sponsors like Citi who have supported us on this challenging road to Tokyo,” he added.

For Team Philippines Chef de Mission Francis Carlos B. Diaz, while competition in Tokyo will be tough, they, however, are inspired by the support they have been getting from believers like Citi.

“All of the athletes know they face tough competition in Tokyo and all of them are committed to do their best to win a medal for the Philippines,” said Mr. Diaz.

Team Philippines is set to leave for the Paralympics on Aug. 22.

In the history of the Paralympics, the Philippines has won two bronze medals courtesy of powerlifter Adeline Dumapong (Sydney 2000) and table tennis player Josephine Medina (Rio 2016). — Michael Angelo S. Murillo

AIG Women’s Open to feature record prize fund

THE AIG Women’s Open will feature a record $5.8-million prize fund with the winner earning $870,000, the R&A announced on Wednesday. 

That represents a $1.3-million increase over last year’s prize fund for the event, which is the final of five majors on the LPGA and Ladies European tour calendars. 

The largest prize fund in women’s golf will increase to at least $6.8 million in 2022, more than doubling the fund from just three years ago. 

“We are absolutely committed to elevating the AIG Women’s Open and enhancing its status as one of golf’s premier Championships,” R&A Chief Executive Martin Slumbers said in a statement. “With our partners at AIG, we are taking action to make change happen and sending out a strong signal that more needs to be done by everyone involved to grow women’s golf. 

“It needs greater investment and support from golf bodies, sponsors, the media and fans to help us grow the game’s commercial success and generate the income and revenues necessary to make prize fund growth viable and sustainable.” 

The AIG Women’s Open begins Thursday at Carnoustie Golf Links in Scotland, with the 2022 event scheduled to be played at Muirfield. 

“We have set a new benchmark for prize money in women’s major championship golf this week and, thanks to AIG, will build on it still further next year,” Slumbers said. “We hope this will inspire other events to follow our lead and help us to take a collective leap forward for the women’s game.” 

England’s Georgia Hall won her first major as a rookie at the 2018 Women’s Open at Royal Lytham and St. Annes. 

“It’s phenomenal and fantastic to hear that and that it’s actually happening,” Hall said of the increased prize fund. “Week-in, week-out, we want to play for big prize funds and it just recognizes what an amazing event this is. 

“To me, it’s the biggest event in women’s golf, and it’s great news for all our players.” 

Countrywoman Charley Hull is still seeking her first major title. 

“I think it’s brilliant… Next year it’s going to go up to $6.8 (million),” said Hull, who is coming off a fifth-place finish at the Women’s Scottish Open. “I think it’s great. It’s getting a lot more recognition which is good. I think it deserves that.” — Reuters

Afghan turmoil shattering dream of athletes is ‘heartbreaking’ — IPC chief 

TOKYO — The International Paralympic Committee (IPC) president said on Wednesday that it was sad that Afghan athletes trapped in Kabul would not be able to compete in the Games and heartbreaking to watch a female athlete’s video plea for help in reaching Tokyo. 

“There are no commercial flights. We all have seen the images from the airport in Kabul. It became clear to us right from the beginning that there will be no safe way to try to bring these athletes to Tokyo,” IPC President Andrew Parsons told Reuters in an interview. 

Amid the country’s ongoing turmoil, the Afghanistan Paralympic Committee said on Monday that two Afghan athletes would not be able to attend the Games that commence on Aug. 24. 

Taekwondo athlete Zakia Khudadadi and track athlete Hossain Rasouli had been scheduled to arrive in Tokyo on Aug. 17. 

In a video message, Khudadadi made a plea for help on Tuesday as she sought to escape Kabul and revive her shattered dream of becoming the country’s first female competitor at the Paralympic Games. 

“I saw the video message. By seeing what’s happening in Afghanistan and this is shattering the dreams of one of our athletes, it is really sad and it really breaks my heart,” Parsons said. 

Parsons added that the committee would work with the Afghan team to support her pursuing her dream again, including possibly competing at the games in Paris in 2024. 

But now is “too soon” to discuss plans, he said. 

“It’s something that goes way, way, way, way bigger than sports. And we are first concerned in Afghanistan as a nation and with the human beings, especially the female of that nation. I think first, the nation needs to define its own destiny.” 

Pandemic Games 

Like the Olympics that ended earlier this month, the Tokyo Paralympics will take place generally without spectators, organizers have said, as Japan has extended coronavirus disease 2019 (COVID-19) emergency measures in the capital and other regions that will run through the Games. 

The host city Tokyo announced 4,377 new coronavirus cases on Tuesday, after a record 5,773 on Friday. 

There were new 18 cases confirmed on Wednesday among Paralympic participants, including six traveling from abroad, broadcaster NHK reported. 

Meanwhile, International Olympic Committee President Thomas Bach will visit Japan next week to attend the Paralympic opening ceremony, Kyodo News said, citing unnamed sources. 

During the Paralympics, set to close on Sept. 5, the IPC’s Parsons said virus protocols that proved efficient during the Olympic Games would be in place to “minimize the risk.” 

About 88% of thousands of athletes and officials attending the Games were vaccinated, IPC spokesperson Craig Spence said, though a number of local volunteers are yet to be fully vaccinated. 

Spence added that those volunteers would not work closely with athletes. — Reuters

Bronze medallist Velasco latest sports hero to get support from rotisserie firm

Boxer Roel Velasco (middle), the 1992 Barcelona Olympics bronze medallist, is the latest sports hero to be given support by chicken rotisserie company Chooks-to-Go.

Boxer Roel Velasco, the 1992 Barcelona Olympics bronze medallist, is the latest sports hero to be given support by chicken rotisserie company Chooks-to-Go.

Taking note of how Mr. Velasco, 49, has been a “loyal soldier” for Philippine boxing all this time, the company saw it fit to give the Olympian added recognition and support with his own Chooks-to-Go store.

Apart from Mr. Velasco, also recognized and supported recently by Chooks-to-Go were his younger brother, Mansueto, and Leopoldo Serantes, who won silver and bronze medals in boxing at the 1996 (Atlanta) and 1988 (Seoul) Olympics, respectively.

“What astonished me about Roel is that he is a loyal soldier to the country. Though it’s been 29 years since his feat in Barcelona, his legacy continues to live on in our boxers today,” Chooks-to-Go President Ronald Mascariñas said in a statement.

After his career as an athlete, Mr. Velasco progressed to being a coach and is currently one of the national boxing coaches.

“For years, he and his brother Boy (Nolito) have been identifying, grooming, and developing our boxers. And with their help, Nesthy Petecio and Carlo Paalam were able to win silver in Tokyo while Eumir Marcial won bronze in a stacked middleweight division,” Mr. Mascariñas said. “Roel truly is a Manok ng Bayan.”

Mr. Velasco shared that he feels honored to be recognized for his contribution to the sport in such a way and that he looks to build on the opportunity given to him by Chooks-to-Go.

“I would like to thank Sir Ronald and Chooks-to-Go for their support and recognition. What I achieved was a long time ago yet they took notice and gave me this honor,” said Mr. Velasco in Filipino.

He went on to share that he hopes athletes, past and present, will be given the needed support for all their sacrifices in representing the country. – Michael Angelo S. Murillo