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PHL targets Thai auto imports

THE Philippines is considering retaliatory measures against Thailand’s automotive exports after a decade-long dispute over cigarette imports, Trade Undersecretary Ceferino S. Rodolfo said in a briefing Thursday.

Under the World Trade Organization (WTO) dispute settlement system, a country may impose countermeasures against a WTO member for non-compliance with the organization’s ruling.

Thailand has been filing appeals with WTO after it was found to have failed to comply with WTO’s ruling against its customs measures on Philippine cigarette exports.

The Philippines is studying either tariff or quantitative restriction (QR) measures on Thailand’s automotive exports.

“We are studying retaliation as an option that is allowed under the WTO… We are seriously considering and calculating our retaliatory rights on auto,” Mr. Rodolfo said.

Trade Secretary Ramon M. Lopez told reporters at a forum Wednesday that he prefers tariff measures.

“Tariff to me is preferred always. Kapag QR kasi (because if it’s a quantitative restriction), there are rent-seekers. Subject to corruption… and there’s no revenue but there is an impact on the price in the end,” he said.

“Whereas if it’s tariff, there’s a clear protection and there’s revenue.”

If the Philippines chooses to impose a quota or quantitative restriction, Mr. Rodolfo said, automotive import volumes above a particular threshold would be imposed a higher tariff.

Mr. Rodolfo said that retaliatory measures are usually placed on the same product, but the Philippines does not import a significant amount of cigarettes and tobacco from Thailand.

In this case, the WTO allows a “cross-sector” retaliation.

“If the complainant considers it impracticable or ineffective to remain within the same sector, the sanctions can be imposed in a different sector under the same agreement,” the WTO dispute settlement system said.

Mr. Rodolfo said that the department chose auto because of the volume of such Thai exports to the Philippines.

The Philippines first complained of Thailand’s fiscal and customs policies on importing cigarettes in 2008, a case that the WTO decided in favor of the Philippines in 2010.

The DTI will be requesting a meeting with Thailand to relay its plans, and give Thailand the opportunity to lift its non-compliant measures.

“We will file to exercise retaliatory rights before the end of the year,” Mr. Rodolfo said. — Jenina P. Ibañez

PHL wins $10M grant for calamity early-warning system

THE Climate Change Commission (CCC) said it won a $10-million grant from the Green Climate Fund to establishing a multi-hazard impact-based forecasting and early warning system for natural calamities.

In a statement yesterday, the CCC said that the Incheon, South Korea based Green Climate Fund’s board has approved the Philippines’ first GCF proposal and will provide $10 million.

It said that the project aims to provide information on climate risks directly to local governments and communities.

“This is just the beginning. The CCC, as the National Designated Authority to the GCF, will remain determined to access more climate finance that can enable genuine and lasting resilience for our vulnerable communities,” Commissioner Rachel S. Herrera said in the statement.

The GCF was formed as a result of the United Nations Framework Convention on Climate Change (UNFCCC) and is the world’s largest climate finance mechanism for developing countries.

CCC said the expected project outcome is a science-based multi-hazard weather and risk information system and improved national and local capacities in implementing a people-centered warning system.

It said the grant will be channeled through the Land Bank of the Philippines, while the weather service, known by its acronym PAGASA, will be the lead implementing body, alongside the Department of Interior and Local Government, the Mines and Geosciences Bureau and Office of Civil Defense, among others.

As of October, the GCF has approved 111 projects worth $5.2 billion, with around 310 million people seen to benefit from increased resilience. — Beatrice M. Laforga

What you need to know about the US Tax ID Number or ITIN

Comparable to our Bureau of Internal Revenue (BIR)-issued identification number, more popularly known as TIN, the US Internal Revenue Service (IRS) likewise issues an Individual Taxpayer Identification Number (ITIN), which is used as a tax processing number. The ITINs are issued to individuals who are required to obtain one under United States (US) tax law, but who do not have and are not eligible to obtain a Social Security Number (SSN) from the Social Security Administration (SSA).

The main difference between the SSN and the ITIN is the eligibility of the taxpayer. An individual is only allowed to apply for an ITIN if he or she is not a US citizen or resident and not qualified to work in the US (e.g., the individual does not have a US work visa). Unlike SSNs, ITINs do not serve any purpose other than for US tax reporting; it does not authorize the individual to work in the US. Because of its nature, the validity of the ITINs expires, while SSNs are perpetual.

Filipinos who are not living or working in the US may still need to apply for an ITIN for the following reasons:

• They are required to file their US tax return in compliance with US tax laws;

• They are declared as the spouse or dependent of a US citizen or alien resident person required to file a return; and

• They are non-residents claiming a tax treaty benefit.

Take, for instance, those Filipinos who acquire properties in the US for personal investment, or business purposes. The transaction generally triggers tax reporting obligations with the IRS when these properties are sold or rented out. Therefore, even if Filipinos remain outside of the US and are classified as nonresidents, they are still required to file a US tax return to report income they derived from the US. Accordingly, to file their US tax returns, they need to apply for ITINs.

The application for an ITIN can be filed either in or outside the US. The applicant may opt to apply by: (1) mailing the required documents to the IRS; (2) scheduling an appointment at an IRS Taxpayer Assistance Center; or (3) applying through a Certifying Acceptance Agent who may or may not be based in the US.

Acceptance agents are persons (i.e., individuals, entities, or accounting firms) who have entered into formal agreements with the IRS, authorizing them to assist applicants in obtaining ITINs. The Acceptance Agent will submit the original or certified copies of the documents to the IRS on behalf of all applicants they are assisting. While the IRS does not impose a fee for issuing an ITIN, applications filed through an Acceptance Agent may be subject to service or transaction fees charged by the agent.

When applying for an ITIN, the individual must accomplish Form W-7, also known as the Application for an Individual Tax Identification Number, and attach his or her required documents, which generally include the US tax return and the applicant’s original or certified copies of documents (e.g., passports, national IDs) establishing identity and foreign status.

First-time ITIN applicants must complete and attach the Form W-7 to their tax returns that require the ITIN. Applications should be submitted on the due date of the filing of their US tax returns (subject to the applicable extensions).

After the ITIN application process is completed, applicants will receive a letter from the IRS assigning their tax identification numbers. ITINs are usually issued within seven weeks, but it could take up to 11 weeks, if requested during peak season from Jan. 15 through April 30. Applications mailed from abroad may take considerably longer.

Based on the IRS Advisory as posted on their website, all ITINs not used on a federal tax return at least once in the last three years will expire by Dec. 31, 2019. Thus, individuals who are required to file a US tax return by 2020 must verify the IRS instructions and guidelines available on the IRS website to prevent potential delays in the filing of their tax returns.

The views or opinions expressed in this article are solely those of the author and do not necessarily represent those of Isla Lipana & Co. The content is for general information purposes only, and should not be used as a substitute for specific advice.

 

Aniway L. Asi is a senior manager with the Tax Services Department of Isla Lipana & Co., the Philippine member firm of the PwC network

(02) 8845-2728

aniway.asi@pwc.com

UST survives UP rallies

By Michael Angelo S. Murillo
Senior Reporter

THE University of Santo Tomas Growling Tigers completed an impressive sweep of the step-ladder semifinals in UAAP Season 82, defeating the University of the Philippines Fighting Maroons, 68-65, in their knockout match on Wednesday at the Mall of Asia Arena.

The lowest-seeded team entering the playoffs, the Tigers continued with its big-time play in the semifinals to double up on the second-seeded Maroons, who held a twice-to-beat advantage, to make their way to the finals of the University Athletic Association of the Philippines after four years and set up a championship joust with the undefeated defending champions Ateneo Blue Eagles.

Renzo Subido and Soulemane Chabi Yo got things going for UST, helping their team to a 7-0 lead in the opening three minutes of the first quarter.

The Tigers continued to pound on the Maroons the rest of the way to hold an 18-6 advantage after 10 minutes in the game.

In the second quarter, on the lead of Bright Akhuetie, UP came out with more energy on both ends of the court, trimming its deficit to just three points, 22-19, with 5:53 in the frame.

UST, however, would survive the initial charge back, creating further separation, 27-21, in the next two minutes.

The Maroons did not relent on its fight back, pulling to within a point, 27-26, at the 2:30 mark.

The Tigers though still stayed on top, 29-28, at the break.

In the third quarter the jockeying further intensified with Ricci Rivero providing the motor for UP and Subido and Chabi Yo keeping the head of UST above water.

UST was still on top, 40-33, with 5:50 to go in the third.

UP tried to claw its way back but the Tigers successfully fended of the Maroons to bring a five-point cushion, 49-44, into the fourth period.

Kobe Paras and Juan Gomez De Liano kicked things off for UP in the fourth to tow the Maroons to within one point, 49-48, in the first minute.

But rookie Mark Nonoy would come to the rescue of the Tigers with timely triples to keep UST ahead.

The count stood at 57-55 with seven minutes to play before back-to-back baskets by Jun Manzo and Gomez De Liano pushed UP ahead, 61-59, with 5:30 left in the game.

UP was still ahead, 63-59, with 2:33 to play but saw Manzo foul out after.

Two made free throws by Nonoy made it a two-point game, 63-61, entering the last two minutes.

Kobe Paras gave the Maroons more breathing room, 65-61, with 1:53 to go only to be negated by Rhenz Abando with a basket off the break with a minute to go to make it 65-63.

UST then forced a turnover on Rivero to get back the ball but could not convert on the ensuing play.

The Maroons still maintained the 65-63 advantage with 32 seconds remaining.

Off a timeout, UST went to Abando for a trey but was foiled by the UP defense.

The Tigers still had the ball for a recoil and did not miss the second time with Subido hitting the go-ahead trey with 23 seconds to go to make it 66-65 in their favor.

UP had a chance to recover from it but could not complete it.

Chabi Yo was fouled with four seconds remaining and made his free throws to make it a three-point lead for the Tigers, 68-65.

The Maroons called for timeout after to set up a game-tying play.

The ball went to James Spencer but his three-point did not connect as time expired, handing the victory to the Tigers and sending the UST faithful, part of the 18,548 crowd, into celebration.

Season most valuable player Chabi Yo led the Tigers to the win with 22 points with Subido adding 14.

Rookies Abando and Nonoy also scored in double digits with 12 and 11 points, respectively.

Akhuetie, meanwhile, paced UP with 16 points, followed by the graduating Manzo with 12.

Rivero also had 12 for the Maroons, who missed out on the opportunity to advance to the finals for a second straight year.

Philippine Azkals in crucial World Cup qualifier stretch

THE Philippine men’s national football team begins a key stretch in its FIFA World Cup qualifying bid today as it takes on Maldives in an away Group A match in Male.

Currently at third spot in the grouping with four points from a record of 1-1-1, the Philippine Azkals look to strengthen their push for the top two with a win over fourth-running Maldives (1-0-2, three points) at the National Football Stadium in Male, and on Nov. 19 against group-leading Syria in Dubai.

At the top of the heap in Group A are undefeated Syria (3-0-0) with nine points and China (2-1-0) with seven points. Bottom-scraping is Guam (0-0-4).

For this stretch of the team’s bid, the Philippine Football Federation (PFF) called up 23 players to make up the pool, which includes four Under-22 national team members.

Pool members are goalkeepers Patrick Deyto, Neil Etheridge and Michael Falkesgaard, defenders Amani Aguinaldo, Carli De Murga, Patrick Kane, Daisuke Sato, Alvaro Silva, Martin Steuble and Luke Woodland.

Also part of the team are midfielders Angel Guirado, Mike Ott, Iain Ramsay, Stephan Schrock, John-Patrick Strauss, Curt Dizon, Mark Hartmann, OJ Porteria and Patrick Reichelt.

U-22 players called up for duty are Marco Casambre, Justin Baas, Edison Suerti and Yrick Gallantes.

Coaching staff is made up of head coach Goran Milojevic, assisted by Hezirdan Ramadani and Milos Simic. Dan Palami is the team manager with Scott Joseph Cooper serving as assistant team manager.

The Azkals are coming off a spirited performance against China in Bacolod City on Oct. 15, holding the Chinese to a goalless draw.

It broke the stranglehold of China on the Philippines in the last two years where the Azkals went 0-3 against it with an average losing margin of four points.

The Azkals relied on a total team effort to hold their own in front of the hometown fans.

Goalkeeper Etheridge was solid in his national team duty return after missing the first two matches of the qualifiers because of injury.

The team was also fluid in its attack on both ends, allowing it to put up a sustained fight against the Chinese in the full 90 minutes and in stoppage time.

“It was a team performance. We did not get the win but at least we got a point from the draw and have something to build on,” said a satisfied Etheridge, who touted how the team was very focused in its preparation in the lead-up and how every player was committed to getting a positive outcome from the match.

The World Cup qualifier also serves as a qualification for the AFC Asian Cup. — Michael Angelo S. Murillo

MPBL determined to move past game-fixing and betting issues, make the league better

By Michael Angelo S. Murillo
Senior Reporter

ROCKED by issues on betting and game-fixing, the Maharlika Pilipinas Basketball League (MPBL) expressed determination to move past these and make the league even better.

On Tuesday, the MPBL, through commissioner Kenneth Duremdes, formally filed a complaint against 21 individuals allegedly involved in game-fixing and other related schemes affecting the competition in the two-year-old semi-professional league.

This after the MPBL concluded investigation, in coordination with the National Bureau of Investigation, of personalities it suspected to be engaging in illegal activities at the expense of the fledging league founded by boxing legend, senator and basketball supporter Manny Pacquiao.

The respondents are facing 17 counts of betting and multiple counts of game-fixing and points shaving under Presidential Decree No. 483.

The MPBL said the acts were committed from July to October 2019.

Charged were majority of the Soccsksargen team as well as some team officials.

Team players who were named respondents in the complaint are Jake Diwa, Exequiel A. Biteng, Jerome E. Juanico, Matthew M. Bernabe, Julio A. Magbanua Jr., Abraham P. Santos, John Patrick C. Rabe, Ryan T. Regalado, and Ricky Morillo, along with team owner and player Kevin Espinosa.

Other respondents are Sonny Uy, Serafin Matias, EJ Avila, Niño Dionisio, Ferdinand C. Melocoton, Nice Ilagan, Janus Lozada, and Joshua Alcober.

The charges also named as mastermind a certain “Mr. Sung,” whom MPBL officials described as a Chinese national. Serving as a go-between for the betting syndicate and the teams were identified as a certain “Kein” and “Emma.”

Those found guilty face imprisonment of a maximum of six years and a fine of P2,000.

In a press conference at the Sofitel Hotel in Pasay City after the filing of charges, Mr. Pacquiao could not help but express his disappointment over the issue even as he said such activities have no place in the MPBL and basketball as a whole.

He went on to remind people that the MPBL was built to champion fair play and build hometown heroes whom various communities in the country can look up to.

Mr. Pacquiao vowed to pursue the case up to the end and make an example out of those found guilty to rid the league of bad apples, adding that investigation is still ongoing to check further anomalies.

AN EYE-OPENER
For Mr. Duremdes, the current issue on illegal schemes they are dealing with is an eye-opener not only for them in the MPBL but also for Philippine sports.

“It’s an eye-opener for everyone, not only here in the MPBL but in Philippine sports in general,” said the MPBL commissioner in an interview on the sidelines of the league press conference.

“We really wanted to pursue this because such things have been happening in many sports here for a long time now and yet nothing is being done. And this is our chance to infuse change,” he added.

Mr. Duremdes, a legend in the Philippine Basketball Association, reminded MPBL teams and players of their responsibilities to the league and the communities they represent, underscoring the need for them to conduct themselves in the best possible way.

He went on to share that in the aftermath of the filing of charges, they will sit down and discuss ways to curb illegal activities in the league, even considering engaging the services of a third party to do the monitoring.

Despite everything that had happened, Mr. Duremdes is confident that the league would be able to rise over these issues and move on as a better organization.

“We’re still positive. This is a challenge for us but we are ready against this as an organization. Our mission is to have league for everybody and we are not deterred on seeing that through,” he said.

Northport stops NLEX, pads playoff push

By Michael Angelo S. Murillo
Senior Reporter

THE Northport Batang Pier put an end to the winning streak of the NLEX Road Warriors in the Philippine Basketball Association Governors’ Cup, defeating the latter, 102-94, on Wednesday at the Smart Araneta Coliseum.

Saw their playoff hopes flickering entering the contest, the Batang Pier (4-6), who sits joint eighth place in the race, infused life back to their quarterfinal push with a gutsy performance, especially in the second half, to outlast the Road Warriors (8-2), who saw their five-game winning ascent halted with the loss.

The frontcourt juggernaut of import Michael Qualls and Christian Standhardinger led the way anew for Northport, which lost back-to-back games entering the contest.

Mr. Qualls finished with all-around numbers of 36 points, 11 rebounds, five assists, two steals and two blocks in the victory with Mr. Standhardinger chalking up a huge double-double of 23 points and 19 boards.

NLEX had control of the opening half, taking a 28-25 advantage at the end of the first quarter before widening the gap in the second frame and holding a 51-43 edge at the half.

In the third frame the tide swung on the side of the Batang Pier as they came out with more aggressiveness to take head-on the attack of the Road Warriors.

Northport outscored NLEX, 38-27, to take an 81-78 cushion heading into the final frame.

The teams battled it out at the start of the fourth quarter before the Batang Pier went on a telling 17-7 run from the middle part of the frame to build a 100-87 lead with 1:26 to go in the contest.

NLEX would not be able to recover from it, eventually slumping to the defeat.

Sean Anthony also played big for Northport, finishing with 19 points and seven rebounds.

For NLEX it was import Mike Harris who led the way with 34 points and eight rebounds.

Kiefer Ravena had 16 points while JR Quinahan added 10 for the Road Warriors, who are still in the top two in the standings despite the loss.

“The players showed they really want to win the game because it’s practically do-or-die for us. Had we lost, we would have been eliminated already,” said Northport coach Pido Jarencio.

Northport next plays the Barangay Ginebra San Miguel Kings on Nov. 17 while NLEX finishes it elimination-round assignment on Nov. 20 against the Alaska Aces.

Select NBA games to be aired over CNN Philippines

NBA logo

By Michael Angelo S. Murillo
Senior Reporter

WHILE National Basketball Association games have yet to find a permanent venue to be aired on television locally, fans have to make do for now of weekend airings of the matches by way of national free-to-air channel CNN Philippines.

In an announcement made on Wednesday, the NBA said it has struck a deal with CNN Philippines to televise select games and feature highlights across its various news programs, including Sports Desk and News Night.

The airing of the games begins on Saturday, Nov. 16.

“Weekends just got better with the return of live NBA games on national television through CNN Philippines,” said NBA Philippines Managing Director Carlo Singson in a statement shared to members of media.

“Filipino fans now have a choice of watching our games across a variety of platforms including television, computers and mobile devices via social media and NBA League Pass,” the statement further read.

The NBA found itself sans a local TV partner after its long-standing partnership with Solar Entertainment Corp. ended and was not renewed in the lead-up to the start of the of the 2019-20 season.

Solar operated the Basketball TV and NBA Premium TV channels, widely acknowledged as the go-to sources on TV for comprehensive NBA coverage in the country.

Cignal, TV5 and Sky Cable presented a joint bid to air the games but negotiations reportedly are on stalemate as of the moment.

In place of television prior to the deal with CNN Philippines, NBA games were solely being aired on social media platforms of the league’s local office — Twitter and Facebook — and through NBA League Pass, the NBA’s premium subscription service.

First to be aired on Saturday is the game between the Boston Celtics and the Golden State Warriors at 11:30 a.m. to be followed on Sunday, Nov. 17, of the match pitting the Milwaukee Bucks against the Indiana Pacers at 8 a.m.

On Nov. 23 it will be the Houston Rockets versus the Los Angeles Clippers (11:30 a.m.), Nov. 24 is the New Orleans Peilcans against the Utah Jazz (10 a.m.), and Nov. 30 it will be the Dallas Mavericks vs. the Phoenix Suns (10 a.m.).

December schedules will be announced later.

CNN Philippines is available on free-to-air television on Channel 5 for Zamboanga, Channel 8 for Bacolod, Channel 9 for Manila, Cebu and Davao, and Channel 12 for Baguio, while cable subscribers can check with their local providers for more information on channel listing.

Dubov’s exhibition

22nd European Team Championship
Batumi, Georgia
Oct. 24 — Nov. 2, 2019

Final Top Standings
(in match points)

1. Russia, 15/18. bd01 GM (Grandmaster) Dmitry Andreikin 2741, 5.5/8, bd02 GM Nikita Vitiugov 2732, 4.5/7, bd03 GM Kirill Aleksenko 2674, 4.5/8, bd04 GM Maxim Matlakov 2716, 2.5/6, bd05 GM Daniil Dubov 2699, 5.5/7.

2. Ukraine, 14/18. bd01 Vassily Ivanchuk2686, 5.5/9, bd092 GM Yuriy Kuzubov 2636, 4/6, bd03 GM Andrei Volokitin 2627, 4.5/7, bd04 GM Alexander Moiseenko 2635, 2.5/6, bd05 GM Vladimir Onischuk 2616, 6/8.

3. England, 14/18. bd01 GM Michael Adams 2694, 5.5/9, bd092 GM Luke McShane 2682, 5/8, bd03 GM David Howell 2694, 5/9, bd04 GM Gawain Jones 2688, 5.5/8, bd05 GM Nicholas Pert 2557, 1.5/2.

4. Armenia, 13/18

5. Croatia, 12/18

6–10. Azerbaijan, Spain, Germany, France, Czech Republic, 11/18

Total of 40 participants: 140 GM, 41 IM (International Master), 14 FM

Time Control: 90 minutes for the first 40 moves, then 30 minutes play-to-finish with 30 seconds added to your clock after every move starting move 1.

Best Rating Performances:

GM Dmitry Andreikin RUS 2741, Rp (rating performance) 2817

GM Ferenc Berkes HUN 2667, Rp 2844

GM Daniil Dubov RUS 2699, Rp 2805

Flashback to the 1963–1964 USA Championship. Bobby Fischer won all of his games (11 out of 11, many of them in brilliant fashion) to win the title. The 2nd placer was Larry Evans, a full 3.5 points behind at 7.5/11

Bobby Fischer recounted in “My 60 Memorable Games:” “Motivated by my lopsided result (11-0!), Dr. Kmoch congratulated Evans (the runner up) on ‘winning’ the tournament … and then he congratulated me on ‘winning the exhibition.’

I feel the same way about the European Team Championship which just concluded two weeks ago. Russia dominated by winning both the men’s and women’s divisions, but it was their 23-year old reserve player GM Daniil Dubov (born April 18, 1996) who caught the imagination of the chess-loving public as he unleashed mayhem on the board every time he came to play. He finished with 5.5/7 and a performance rating of 2805, incidentally winning gold medal on board 4.

Let us see what everybody was so excited about.

Dubov, Daniil (2699) — Svane, Rasmus (2592) [D37]
22nd EU-chT Open 2019 Batumi (7.4), 31.10.2019

1.c4 e6 2.Nc3 d5 3.d4 Nf6 4.Nf3 Be7 5.Bf4 0–0 6.e3 b6 7.Qc2 Ba6 8.0–0–0!?

If you weren’t Dubov perhaps you’d play 8.Ne5 dxc4 9.Bxc4 Bxc4 10.Nxc4 Nd5 11.Nxd5 Qxd5 12.0–0 with a “normal” game. Inarkiev, E. (2693)-Kryvoruchko, Y. (2669) Mali Losinj 2019 1/2 36.

8…dxc4 9.Ng5

The idea is to play d4–d5 since the black knight on f6 cannot move because of mate on h7.

9…Nc6

In return Black threatens …Nb4.

10.a3! g6! 11.h4 Bd6

Not 11…h5? 12.Nxe6! fxe6 13.Qxg6+ Kh8 14.Qh6+ Kg8 15.d5! exd5 16.Nxd5 Nxd5 17.Qg6+ Kh8 18.Qxh5+ Kg8 19.Rh3 with the heavy artillery moving in Black cannot survive this.

12.g3! Qe7 13.h5! e5

[13…Nxh5 14.Rxh5 gxh5 15.Qxh7#]

14.hxg6 hxg6

[14…exf4 15.gxf7+ Rxf7 (15…Kg7 16.Rxh7+ Nxh7 17.Qxh7+ Kf6 18.Qh6+ Kf5 19.Bh3#) 16.Nxf7 Qxf7 17.gxf4 Black’s king is too exposed]

15.Bg2 exf4

[15…Bb7 16.Nd5 Nxd5 17.Bxd5]

16.Bxc6

Well, nothing wrong with restoring the material balance, but there was a brilliant move available here: 16.gxf4!! and now, with the center pawns stable, White can take his time to double or triple major pieces on the h-file. Here is how it could go: 16…Bb7 17.Nd5! Nxd5 18.Bxd5 (threatening Qxg6 mate) 18…Qf6 19.Nh7 Qg7 20.Rdg1 Qxh7 (there is nothing else) 21.Qxg6+! Qxg6 22.Rxg6#

16…fxg3 17.Kb1!

White needs his white-squared bishop for the attack. Exchanging it for the rook with 17.Bxa8 is not a good decision as after 17… Rxa8 18.Nge4 Nxe4 19.Nxe4 Bb7 white’s attack is ended and Black’s two bishops will come into their own.

17…Rad8 18.f4 Bc8!

Opening the possibility of a future …Bf5.

19.Rde1 Kg7 20.Nd5 Nxd5! 21.Rh7+! Kg8 22.Rxf7! Rxf7 23.Qxg6+ Kf8!

Now …Bf5+ is a real possibility. But not 23…Rg7? 24.Bxd5+ Kf8 (24…Kh8 25.Rh1+) 25.Nh7+ Rxh7 26.Qg8#

24.Qh6+ Rg7!

[24…Kg8 25.Bxd5]

25.Bxd5 Ke8 26.Qh5+ Kd7

One more move Black will play …c6 and his king is no longer in any danger.

27.Qh3+ Ke8 28.Qh5+ Kd7

Dubov had four minutes left on his clock so some onlookers thought that he would go for the draw by perpetual check, but no.

29.Be6+! Kc6? <D>

Position after 29…Kc6

It was either give up his queen or take his chances with the king out in the open. However, there is now a forced mate in 14. Hard to see, but it is there.

30.Qf3+ Kb5 31.Bxc4+! Ka5

[31…Kxc4 32.Qc6+ Kb3 (32…Bc5 33.Rc1+ Kb3 (33…Kd3 34.Rc3+ Ke2 35.Qg2+ Ke1 36.Rc1#) 34.Rc3#) 33.Qc2#]

32.Qd5+ Bc5

[32…c5 33.b4+ Ka4 34.Kb2 (idea is Qc6+ followed by mate 34…Bb7 35.Bb3+ Kb5 36.a4+ Kxb4 37.Qc4+ Ka5 38.Qb5#]

33.b4+ Ka4 34.Qg2! Bxb4

[34…Kxa3 35.Qb2+ Ka4 36.Qb3#]

35.Qc6+ Kxa3 36.Bb3!

An only move, everything else loses. Dubov found this with 10 seconds left on his clock. On the other hand if 36.Qg2? Bd2! 37.Qxd2 Qb4+ it is Black who wins.

36…Bd7

[36…Kxb3 37.Qc2+ Ka3 38.Qa2#; 36…Bf5+ 37.e4]

37.Qc1+ Kxb3 38.Qc2+ Ka3 39.Qa2# 1–0

Here is Dubov’s game from the 1st round, a portent of things to come.

Bjerre, Jonas Buhl (2506) — Dubov, Daniil (2699) [C88]
22nd EU-chT Open 2019 Batumi (1.4), 24.10.2019

1.e4 e5 2.Nf3 Nc6 3.Bb5 a6 4.Ba4 Nf6 5.0–0 Be7 6.Re1 b5 7.Bb3 0–0 8.a4

This is the most popular Anti-Marshall system. Our BW readers know that 8.c3 d5 9.exd5 Nxd5 10.Nxe5 Nxe5 11.Rxe5 is the Marshall Attack. It is generally agreed that Black gets good piece play which he can translate into promising long-term compensation.

8…d5!?

Wow! Despite White’s Anti-Marshall move Black still plays the Marshall. How come no one has ever thought of this before? Usually Black’s move here is 8…b4, 8…Rb8, or 8…Bb7.

9.exd5

I predict we will soon see White try 9.axb5 dxe4 10.bxc6 exf3 11.Qxf3 e4 12.Qe2 Bd6 13.h3 looks like Black has enough compensation for the pawn.

9…Na5 10.Nxe5 Nxb3 11.cxb3 Bb7 12.Nc6 Bxc6! 13.dxc6 Bc5 14.d3 Bxf2+! 15.Kxf2 Qd4+ 16.Be3?

[16.Kg3 seems to be the only move here, although after 16…Rae8 17.Rf1 Black can force a draw if he wants: 17…Qd6+ 18.Kf2 Qd4+]

16…Ng4+ 17.Kf3 Nxe3 18.Rxe3 Rae8 19.Re2 Qf6+ 20.Kg3 g5!

Threatening …Qf4+

21.Rf2 Qd6+ 22.Kh3 Qh6+ 23.Kg4 f5+ 0–1

With all this hullaballoo about Fischer Random chess and the avoidance of of opening theory it seems that GM Daniil Dubov is inspired to show us all that there is still a lot of scope in classical chess for original ideas, creative attacks and exciting battles. All that is required is a desire to fight.

So that’s that on the chess exhibition GM Dubov gave during the European Championship. On Tuesday we will see how the rest of the teams did.

 

Bobby Ang is a founding member of the National Chess Federation of the Philippines (NCFP) and its first Executive Director. A Certified Public Accountant (CPA), he taught accounting in the University of Santo Tomas (UST) for 25 years and is currently Chief Audit Executive of the Equicom Group of Companies.

bobby@cpamd.net

Superior Clippers

Kawhi Leonard’s disposition in the aftermath of the Clippers’ match the other day wasn’t that of a proud competitor who just had his worst outing of the season. In fact, he was decidedly upbeat, clearly an offshoot of the outcome. For all his travails, he helped carve victory in his new digs at the expense of the Raptors, his immediate past teammates. They had, and still have, relationships outside the court that made, and make, results on it matter. And, even on a night where he made just two of 11 shots and could have had a tainted quadruple-double had he committed another turnover with an assist, the bragging rights were his.

Indeed, the Raptors were feisty from opening tip, making a go of the set-to despite missing vital cogs Kyle Lowry and Serge Ibaka. They were on the second of a back-to-back set, and yet remained spry and alert, no doubt buoyed by the still-fresh memory of their success against the Lakers and motivated to get the better of Leonard. They were determined to go two of two at the Staples Center, in the process showing up the star who led them to the championship last season, and who then still found cause to leave them as soon as he could.

In the end, however, there could be no overcoming the Clippers‘ superiority in talent — and not merely when compared to the Raptors. They’re better against just about all the others in the league, well coached and boasting of depth and confidence borne of proven mettle; they didn’t go deep in the loaded West last season for nothing. And if they’re bent on claiming the hardware this time around, it’s because they have Leonard, arguably the National Basketball Association’s best of the best.

Here’s the scary part: The Clippers still have higher gears on tap. All-Star Paul George is close to returning to action; once he does and gets his bearings back, look out. His partnership with Leonard has the potential to trump that of the Lakers’ LeBron James and Anthony Davis. The Raptors came up with a good formula to contain them the other day. Unfortunately, it didn’t work. And absent the element of surprise, it’s bound to fail the next time around. They’re that good, and they’ll be even better — make that much, much better.

 

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.

PSEi drops below 8,000 on US-China trade talks

By Denise A. Valdez
Reporter

THE PHILIPPINE Stock Exchange index (PSEi) failed to stay above the 8,000 level yesterday as investors were alarmed on seemingly dwindling trade negotiations between United States and China.

The local bellwether trimmed 64.87 points or 0.81% to close at 7,947.47 on Wednesday.

The broader all shares index likewise gave up 24.73 points or 0.51% to end the session at 4,763.89.

“Market drifted lower whilst Trump made fresh comments on trade deal hinting that existing tariffs will be raised if no deal is made (with China),” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message.

Bloomberg reported Wednesday US President Donald Trump warned of increasing tariffs on Chinese products “very substantially” if the trade talks don’t lead to an agreement soon. He also said such move will be made for other countries that will “mistreat” the US as well.

The comments were made in a speech to the Economic Club of New York, where Mr. Trump also said he will only sign the trade deal with China if it will benefit American companies and workers.

Markets in the Asia Pacific ended negatively amid the developments. Japan’s Nikkei 225 and Topix indices fell 0.85% and 0.55%, respectively. Hong Kong’s Hang Seng Index, Australia’s S&P/ASX 200 and China’s Shanghai SE Composite index also dropped 1.82%, 0.81% and 0.33%, respectively.

At the PSE, mining and oil was the only sectoral index to advance on Wednesday’s close, increasing 41.35 points or 0.46% to 8,911.52.

All other counters declined. Industrials went down 109.42 points or 1.05% to 10,301.48; financials dropped 16.31 points or 0.84% to 1,907.06; holding firms lost 64.52 points or 0.81% to 7,832.75; property declined 17.06 points or 0.41% to 4,126.41; and services sank 5.26 points or 0.33% to 1,548.42.

Value turnover on Tuesday was reduced to P4.63 billion from P4.73 billion a day prior, with 1.17 billion issues changing hands.

Stocks that declined outnumbered those that gained, 105 against 73, while 59 others were ended flat.

Net foreign selling increased to P720.69 million on Wednesday from Tuesday’s P392.04 million.

Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said in an e-mail the bigger net selling was a factor for the main index’s decline. “A lack of any near-term catalysts has left the index trading sideways for the past few days,” he said.

“A close below the 8,000 mark puts the index’s next support at its 200-day MA (moving average) of 7,900, only a few points away. The recent MACD (moving average convergence/divergence) Bearish crossover is a red flag that this area could be broken in the near-term,” Mr. Perez added.

Peso drops on tensions

THE PESO weakened on Wednesday amid worsening political tensions in Hong Kong and negative developments in the US-China trade negotiations.

The local unit closed at P50.82 versus the greenback on Wednesday, depreciating by nine centavos from its P50.73 per dollar finish on Tuesday, according to data from the Bankers’ Association of the Philippines.

The peso opened at P50.86 against the dollar. Its weakest point for the day was at P50.93, while its intraday best was at P50.815 versus the greenback.

Dollars traded on Wednesday went down to $1.464 billion from $1.553 billion recorded on Tuesday.

UnionBank of the Philippines, Inc. chief economist Ruben Carlo O. Asuncion attributed the peso’s weakness to geopolitical tensions overseas.

“With the peso, it seems that the weakness came from both the disruptions from the escalating Hong Kong protests and the lack of positive insight from the US-China trade negotiations when [US President Donald J.] Trump warned of further tariff hikes if both economies do not come to an agreement,” he said in a text message.

Rizal Commercial Banking Corp. Economist Michael L. Ricafort echoed this sentiment.

“External factors that could have weighed on the peso include increased protests in Hong Kong and mixed signals from US President Trump with a threat to substantially raise tariffs if a phase one of a trade agreement is not reached with China while saying that the US and China are close to a phase one trade deal,” Mr. Ricafort said in a text message.

In Hong Kong, anti-government protesters paralyzed parts of the Asian financial hub for a third day, with some transport links, schools and many businesses closing after an escalation of violence.

For today, Mr. Asuncion sees a trading range of P50.80-P51.10, while Mr. Ricafort expects the local unit to play around the P50.70-P51.00 level. — L.W.T. Noble with Reuters

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