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PVL transitions to a pro league

AFTER nearly a decade of operating under a semi-professional setting, the Premier Volleyball League (PVL) is all set to go full time as a professional league as it continues to bat for the growth of volleyball in the country.

In a joint virtual press conference with the Games and Amusement Board (GAB) on Friday, the PVL officially announced that it has gotten its professional license and now in the process of planning for its moves forward.

“I would like to thank the team owners for supporting the decision to turn the PVL as a professional league. It took time for us to do so but we finally came to a decision to turn pro,” said Ricky Palou, president of Sports Vision, the organizer of the PVL.

“This is a milestone for the league. We had this discussion since 2016, but we felt at the time we were not yet ready as most of our players were students. But right now we think we have enough players to turn professional. We are ready and looking forward to it,” he added.

The PVL traces its roots to the Shakey’s V-League in the 2000s, which featured collegiate teams from University Athletic Association of the Philippines, National Collegiate Athletic Association and Cebu Schools Athletic Foundation and other associations.

In 2011, it turned semi-pro by welcoming corporate and non-school-based teams.

The PVL currently has over a dozen teams, both corporate and collegiate, competing in tournaments it stages.

Unfortunately for the league, 2020 turned out to be a lost year for it because of the coronavirus pandemic.

Notwithstanding its professional status now, the PVL said the mission is still the same—develop the skills of the players further.

“In the past, we had a commercial league and a tournament featuring collegiate teams. We will maintain that. We have two commercial conferences — one with foreign players and another without — and one collegiate tournament,” said Mr. Palou.

The PVL is eyeing a February start for its first season as a professional league.

Mr. Palou said the teams have expressed their commitment to the league to be professional in their affairs with the end view of taking the sport to another plane in standing especially coming off the effects of the pandemic. — Michael Angelo S. Murillo

Barangay Ginebra Kings welcome extra time to prepare after being first to semis

By Michael Angelo S. Murillo, Senior Reporter

THE first team to book a spot in the PBA Philippine Cup semifinals, the Barangay Ginebra San Miguel Kings welcome the extra time to rest and prepare before plunging back into action.

Looking to win its first Philippine Basketball Association (PBA) All-Filipino crown since the 2006-07 season, Barangay Ginebra moved closer to that push being realized after making short work of the Rain or Shine Elasto Painters in their quarterfinal pairing on Friday.

Held a twice-to-beat advantage over the Elasto Painters after winding up as the top seeds at the end of the elimination round, the Kings eliminated their opponents at the first instance, 81-73.

Japeth Aguilar led the way for Barangay Ginebra in the win, finishing with a double-double of 23 points and 11 rebounds.

Aljon Mariano and Prince Caperal had 11 points each for the Kings while Stanley Pringle had 10 markers.

As of this writing, Barangay Ginebra was awaiting who its opponent would be between the defending champions San Miguel Beermen and Meralco Bolts in the best-of-five semifinal series beginning on Nov. 18.

San Miguel and Meralco were to play in a rubber match of their quarterfinal joust later on Sunday.

“We welcome this (extra time) especially in this bubble situation where the games come very fast. Having extra days for rest is a big bonus before heading into a five-game series,” said Barangay Ginebra coach Tim Cone after their win over Rain or Shine.

The Kings coach went on to say that regardless of who they would face in the semifinals, either way it would be tough for them.

“San Miguel has been having some injuries to its players. But guys are stepping up and doing a great job so far. They are still capable,” he said of the four-seeded Beermen, who are playing without June Mar Fajardo and Terrence Romeo in the tournament because of injury.

“As for Meralco you know our history with them. We know them and they know us.”

TEAMS EXIT BUBBLE
Meanwhile, eliminated teams in the PBA bubble in Clark City have exited.

The Terrafirma Dyip, NLEX Road Warriors, Northport Batang Pier, and Blackwater Elite were the first to go home following the conclusion of the elimination round early last week.

Rain or Shine and the Alaska Aces made their way out on Sunday morning while the Magnolia Hotshots Pambansang Manok were to follow suit in the afternoon.

Alaska and Magnolia were eliminated in the quarterfinals by the TNT Tropang Giga and Phoenix Super LPG Fuel Masters, respectively, on Saturday.

The PBA bubble tournament in Clark City is heading into the homestretch after the league restarted its coronavirus pandemic-hit season on Oct. 11.

Games are being played at the Angeles University Foundation gym with the Quest Plus Hotel inside Mimosa serving as the official home of all the participants.

To guard against the spread of the coronavirus, the league has regular swab testing of all participants and protocols that everybody must follow.

Young Gilas pool for Asia Cup window has future in mind — SBP

ON Friday, the Samahang Basketbol ng Pilipinas (SBP) released the names of players making up the pool for the Gilas team seeing action at the International Basketball Federation (FIBA) Asia Cup 2021 qualifiers later this month in Manama, Bahrain.

The 16-man pool of amateur and collegiate stars, the SBP said, was assembled with the end view of preparing them for the long haul, in line with the sports body’s vision of having more available talents for future competitions, including the 2023 FIBA World Cup where the Philippines is one of the hosts.

Part of the group of players in consideration for the Asia Cup window which will begin play on Nov. 26 are Kobe Paras, Juan and Javi Gomez De Liano and Jaydee Tungcab of the University of the Philippines, Dwight Ramos, Dave Ildefonso and Will Navarro of Ateneo, Justine Baltazar of La Salle, and Calvin Oftana and Kenmark Carino of San Beda.

They join Gilas Philippine Basketball Association (PBA) draftees Matt and Mike Nieto, Rey Suerte, Isaac Go and Allyn Bulanadi.

Angelo Kouame of Ateneo is also included as a naturalized player, but whether he gets to play is to be determined as his status is still being deliberated on by lawmakers.

Coaching the team will be the group headed by SBP program director Tab Baldwin, Jong Uichico and Boyet Fernandez.

“In forming the team, we took into consideration everything, including the availability of PBA players,” said Ryan Gregorio, special assistant to the SBP president (Al Panlilio), on The Chasedown program on Saturday.

“But we know the kind of sacrifices they (pro players) made inside the PBA bubble. So. we decide to give them ample time to rest, not only their body but also their minds. And this is a great opportunity for us to restart our idea of relaunching our program. We drafted a lot of collegiate players entering the PBA and also this is a good showcase for them together with other college athletes,” he added.

But despite having young players in tow, Mr. Gregorio underscored that the goal in the Asia Cup window is to compete and win.

Currently, the Philippines sports a 1-0 record in Group A of the qualifiers after defeating Indonesia, 100-70, in February, behind Korea (2-0).

Gilas is set to face Thailand (0-1) twice in the November window (Nov. 26 and 30) and Korea once (Nov. 28).

The latter, however, made it known it would not be sending a team to Bahrain to compete because of the ongoing concern with the coronavirus pandemic.

“We still don’t know what the verdict will be [on the Korea decision), whether it will be forfeiture or reset [of the game]. But on our part, we are just making sure we will be represented in the tournament as advised by our chairman emeritus Manny V. Pangilinan. We will play Thailand twice and Korea once. Hopefully, we win those,” said Mr. Gregorio.

The team has already gotten approval from the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) to hold training at the INSPIRE Sports Academy in Calamba, Laguna, as part of its preparations. — Michael Angelo S. Murillo

France eclipse holders Portugal to reach Nations League final four

LISBON — France handed defending Nations League champions Portugal a rare defeat on Saturday, winning 1-0 in Lisbon with N’Golo Kante’s second-half strike to reach the competition’s final four at the expense of the holders.

Anthony Martial missed three clear-cut first half chances for France before Kante scored only his second international goal in the 54th minute, and his first since 2016, to end Portugal’s run of five successive clean sheets.

World champions France went top of Group A3 with 13 points from five games, three ahead of Portugal and with the better head-to-head record to give them an unassailable lead. It was only Portugal’s second defeat since the 2018 World Cup.

“Given the quality of the opposition, it is of course one of our best performances of recent times,” France coach Didier Deschamps said of Portugal, who are the European champions.

“We deserved the win and we’ve fulfilled our objective of finishing top. I’m very proud of the players. They proved tonight that France is still a great team.”

Antoine Griezmann set up Martial’s first chance in the 12th minute with a slide-rule pass, but Portugal’s excellent goalkeeper Rui Patricio blocked it at point-blank range.

Martial then diverted Adrien Rabiot’s acrobatic effort onto the bar with his head and saw another effort brilliantly saved at close range by Patricio from Lucas Hernandez’s cross.

At the other end, Cristiano Ronaldo forced a diving save from France captain Hugo Lloris and also wasted a free kick which he drove straight into the wall.

France finally broke through just as Portugal appeared to be imposing themselves. Griezmann slipped another ball through to Rabiot, whose shot was parried by Patricio and Kante was on hand to score from the rebound.

Portugal had three chances go begging in the same attack, including a Jose Fonte header against the post, and Lloris made a one-handed save to parry a raking drive from Joao Moutinho, who then saw his cross evade three forwards as France held out.

“I don’t know what went wrong in the first half. It wasn’t what I expected, but it was my responsibility,” said Portugal coach Fernando Santos.

“We were better in the second half, but then conceded the goal which settled the game… we had three or four chances to equalize.” — Reuters

Eustaquio hacks win in rough night for Team Lakay

FRIDAY’S “ONE: Inside The Matrix III” proved to be a rough night for Baguio-based Team Lakay after only one of its three featured fighters came out victorious.

Former ONE Championship world flyweight champion Geje “Gravity” Eustaquio saved his team from being shut out in the Singapore event by defeating South Korean Song Min Jong by unanimous decision in their scheduled three-round co-main event.

Fighting anew after his last fight in November 2019, Mr. Eustaquio (13-8) made it back-to-back wins by dominating Mr. Song in a fight where the Filipino showed a lot of bounce in his game.

Mr. Eustaquio was in his element, using his experience in keeping his opponent’s attempt at controlling the match at bay.

The South Korean tried to employ his grappling, but Mr. Eustaquio would have none of that en route to getting the nod of all judges for the UD victory.

Not so fortunate, meanwhile, were former bantamweight champion Kevin “The Silencer” Belingon and strawweight Lito “Thunder Kid” Adiwang, who lost to Brazilian John Lineker and Japanese Hiroba Minowa, respectively.

Mr. Belingon fell by technical knockout in the second round while Mr. Adiwang was edged out in a split decision.

Despite going 1-2 for the night at Inside The Matrix III, Team Lakay remains optimistic of what lies ahead for it moving forward just as it thanked its supporters for having its back.

“In spite of the losses, we, as Team Lakay, would like to thank all of the true Lakay fans who have supported us through and through. Whether it be wins or losses, you are still there with us. Aside from family and honor, you, our fans have been one of our motivations to keep on pushing through… as we enter the ring/cage,” Team Lakay wrote on its official Facebook page.

Next for ONE Championship is the fourth edition of its “Inside The Matrix” offering on Nov. 20 also in Singapore. — Michael Angelo S. Murillo

Difficult tandem

It took the Rockets — or, to be more precise, James Harden and Russell Westbrook — a mere season to conclude that their partnership doesn’t work. For all the sterling numbers they continued to put up, they basically ran the offense in a “your turn, my turn” manner. And their tendency to hog the ball wasn’t merely borne of personal preference; it was necessary in order for them to maximize their talents. Each All-Star had to have full command of the leather to get humming, during which time the other couldn’t help but stay stationary in the periphery.

That the Rockets went all in on the experiment despite ample on-paper evidence of its failings signified their willingness to do something — anything — to change their fortunes. Harden’s frequent run-ins with notably difficult backcourt mate Chris Paul made the latter expendable, and the Thunder became alluring trade partners following the departure of leading scorer Paul George. It likewise didn’t hurt that Westbrook’s salary matched with that of the point god. The result was a deal that led to the reunion of former teammates, albeit at the expense of future draft picks. The complete commitment to small ball then sent center Clint Capela packing.

Considering the Rockets’ boldness, it’s just too bad that the results exposed them to have been foolhardy at best. Once again, they exited the playoffs early, and the development made casualties of head coach Mike D’Antoni and general manager Daryl Morey. And with new management in place, Harden has reportedly stayed incommunicado. Meanwhile, Westbrook is demanding to be moved, and to an extent that makes it a matter of when and not if. The problem is his contract, which runs until 2023; he cuts the second most expensive paycheck in the National Basketball Association, and it’s fair to wonder whether his advancing age and swooning efficiency give potential employers fair value for money.

Make no mistake. There will be suitors. Westbrook is too unique a player not to be a tantalizing prospect for franchises compelled to be gamblers in search of respect and respectability. He puts backsides in seats, and, under the right circumstances, can catapult teams otherwise on the fringes to contention. On the other hand, the pandemic has made his box-office pluses irrelevant, while his ceiling limits his effectiveness to middling franchises that will then have to reconstruct their rosters to suit him. Which, in a nutshell, is why the Rockets will need to make accepting him worth their while.

Whether Westbrook will start his 2020-21 campaign in another uniform remains to be seen. The short turnaround time won’t be of help as he seeks greener pastures, and he may well have to resign himself to staying with the Rockets in the near term. They don’t want that, of course, and will be breaking the bank in a buyer’s market just to ensure addition by subtraction. Else, they’ll risk losing Harden as well. Pity the fans who deserve better, but who will, it seems, again be consigned to accept another season of disappointment.

 

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.

China finds coronavirus on frozen beef, tripe from various countries

BEIJING — The eastern Chinese city of Jinan said it has found the new coronavirus on beef and tripe, and on packaging for these products, from Brazil, New Zealand, and Bolivia as China ramps up testing on frozen foods.

The importers were a unit of Guotai International Group and Shanghai Zhongli Development Trade, the Jinan Municipal Health Commission said in a statement on its website late on Saturday.

The entry ports were Shanghai’s Yangshan port customs and outer port customs, it said. The statement from the city in Shandong province did not name the companies that shipped the products.

More than 7,500 people who may have had contact with the contaminated products and other related personnel have tested negative for the virus that causes COVID-19, it said.

Chinese authorities last week found the coronavirus on the packaging of Saudi shrimp in Lanzhou city, Brazilian beef in Wuhan city, and Argentinian beef in Shandong and Jiangsu provinces.

China is the world’s top beef buyer and Brazil and Argentina its largest suppliers.

Zhengzhou, the capital of Henan province in central China, detected coronavirus on the outer packaging of frozen pork from Argentina on Friday, local authorities said in a statement late on Saturday on the social media platform WeChat.

The samples that tested positive came from a 24-tonne batch of frozen pork that was sent from a cold storage facility in Qingdao port to a warehouse for a market in Zhengzhou city.

The batch was found to be contaminated during a screening before the goods could enter the warehouse, the government said.

The World Health Organization says the risk of catching COVID-19 from frozen food is low, but China has repeatedly sounded alarms after detecting the virus on imported food products, triggering disruptive import bans.  — Reuters

Death toll from year’s deadliest typhoon in Philippines climbs to 67

MANILA — The death toll from the deadliest cyclone to hit the Philippines this year has climbed to 67, with 12 people still missing, the national disaster management agency said on Sunday.

President Rodrigo R. Duterte was scheduled to fly to the northern Tuguegarao province later in the day to assess the situation in Cagayan Valley region, which was heavily flooded after Typhoon Vamco dumped rain over swathes of the main Luzon island, including the capital, metropolitan Manila.

Twenty-two fatalities were recorded in Cagayan, 17 in southern Luzon provinces, eight in Metro Manila, and 20 in two other regions, said disaster agency spokesman Mark Timbal.

Twenty-one people were injured, he said.

Many areas in Cagayan, a rice- and corn-producing region of 1.2 million people, remained submerged as of Sunday, according to media reports.

Heavy flooding, caused by the accumulated effects of previous weather disturbances, as well as water from a dam and higher plains affected thousands of families, some of whom had fled to rooftops to escape two-storey high floods.

The damage to agricultural commodities due to floods was initially pegged at 1.2 billion pesos ($25 million), while infrastructure damage was estimated at 470 million pesos, Mr. Timbal said.

Nearly 26,000 houses were also damaged, he said.

Relief and rescue operations continued while the nearby Magat Dam was still releasing water, two days after releasing a volume equivalent to two Olympic-size pools per second, based on government data.

Vamco, the 21st cyclone to hit the Philippines this year, tore through Luzon late on Wednesday and caused the worst flooding in years in parts of the capital.

It followed Super Typhoon Goni, the world’s most powerful storm this year, which brought heavy rain to southern Luzon provinces and killed scores of people just a few days earlier. —  Reuters

BusinessWorld Insights: It Takes a Village to Manage Diabetes

Diabetes is one of the leading causes of death among Filipinos. Despite this, there’s still a pressing need to push the conversation about diabetes to ensure that Filipino patients get the best knowledge and treatments they deserve.

In celebration of the World Diabetes Day, join #BusinessWorldInsights​, presented by Mercury Drug Corporation and MSD in the Philippines, in another interesting session with the theme: “It Takes a Village to Manage Diabetes: Usapang Dyabetis — Bayanihan para sa Kalusugan”.

Stocks dip as investors deal with virus cases, typhoon damage

Local shares declined on Friday as investors worried about the economic impact of the rising COVID-19 cases and the damage brought by Typhoon Ulysses on many parts of Luzon, including the country’s capital.

The Philippine Stock Exchange index (PSEi) ended the session down by 54.38 points or 0.77% to close at 6,969.88. The day before, the market was closed for trading due to bad weather caused by the typhoon’s onslaught.

The broader all-shares index decreased by 0.47% or 19.25 points to finish at 4,083.55.

“Local shares ended the week lower as investors continued to deal with the rising number of COVID-19 cases and its potential economic impact. In addition many investors remained on the sidelines to assess the damage brought about by Typhoon Ulysses,” Regina Capital Development Corp.’s Managing Director Luis A. Limlingan said in a Viber message.

He said investors were also weighing the plan of US President-Elect Joe Biden to place the country under weeks-long lockdown to stem the transmission of the virus.

For Diversified Securities, Inc. equity trader Ancieto K. Pangan, the local market continued its downtrend in line with many regional markets on Friday.

The majority of the sectoral indices ended Friday’s session with losses. Financials declined by 21.48 points of 1.59% to 1,326.57; holding firms decreased by 108.77 points or 1.49% to 7,215.79; industrial went down 122.45 or 1.33% to 9,072.19; and services dipped by 1.25 points or 0.08% to 1,541.07.

Meanwhile, property gained 50.93 points or 1.46% to 3,528.59; and mining and oil inched up by 18.23 or 0.22% to 8,298.94.

Mr. Pangan said in a text message that the mining and oil sector experienced sustained momentum because of a weak dollar while the property sector continued to improve due to the easing of lockdown restrictions.

Value turnover stood at P10.7 billion, with about 1.80 million switching hands, down from Wednesday session’s P14.5 billion at 2.04 million shares.

Advancers led decliners, 119 against 85, with 54 unchanged. — A. Y. Yang

JG Summit ‘cautiously optimistic’ after posting P844-M profit

By Revin Mikhael D. Ochave, Reporter

JG SUMMIT Holdings, Inc. returned to profitability as it posted a third-quarter net income of P844.1 million for its equity holders, reversing the previous quarter’s losses but still way below last year’s earnings.

The Gokongwei-led firm said better contributions from its petrochemicals and real estate units allowed it to record improved quarterly results.

JG Summit President and Chief Executive Officer Lance Y. Gokongwei said he is “cautiously optimistic” despite projecting that weaker consumer sentiment will continue to be a factor for the company’s products and services in the near term.

His optimism comes after the holding firm managed to move from its first-half losses of P720.25 million when the second-quarter net loss reached P2.62 billion. But the improved third-quarter bottomline is still far from the P3.68-billion income in the same period last year.

Mr. Gokongwei said he was “encouraged” by the company’s results for the third quarter, despite the economic challenges brought by the coronavirus disease 2019 (COVID-19) pandemic.

“With the easing of restrictions, economic activity has slowly returned and our different business units showed some quarter on quarter recovery but I also note that these results are far from ideal and still showed steep declines versus a year ago,” he said.

“The prospects of a vaccine likewise give us hope that this will unlock further acceleration and recovery towards the latter part of 2021,” he added.

For a nine-month period, JG Summit’s net income amounted to P123.85 million, down from P21.07 billion a year ago, while its consolidated revenues fell 27% year-on-year to P167.3 billion.

JG Summit’s petrochemicals unit, JG Petrochemicals Group, posted a third-quarter net income of P772 million due to lower naphtha prices that are used in production.

For a nine-month period, it recorded a net loss of P1.9 billion and revenues of P14.5 billion. The company’s food unit, Universal Robina Corp., registered a net income of P7.5 billion for the three quarters, a 7% increase from a year ago.

Meanwhile, Robinsons Land Corp. posted a net income of P717 million for the third quarter due to stronger showing from its malls, hotels, and residential businesses, coupled with the sustained expansion in its office and warehouse leasing units.

For a nine-month period, the property company recorded a 31% drop in its net income to P4.4 billion due to additional depreciation from newly opened properties and interest expenses on newly issued loans.

Cebu Pacific Air, Inc. trimmed its net loss for the third quarter to P5.5 billion due to savings on operations and fuel consumption.

For a nine-month period, the budget airline ended with a net loss of P14.7 billion, with revenues declining 70% to P19.3 billion.

“Passenger revenues were down 74% while ancillaries decreased by 69% due to lower passenger volumes. The limitations on frequency of flights and varying requirements and processes from local government units continue to be a challenge,” the disclosure said.

JG Summit’s banking unit, Robinsons Bank Corp., reported a net income of P786 million for a nine-month period due to a 14% increase in its revenues to P6.9 billion.

On Friday, shares in JG Summit were unchanged at P72 per piece.

PAL losses widen as pandemic weighs down air travel

By Arjay L. Balinbin, Senior Reporter

PAL Holdings, Inc., operator of flag-carrier Philippine Airlines, saw its net loss for the third quarter widen to P7.92 billion, as the global health crisis continues to ravage the air-travel sector.

The company incurred a net loss of P5.16 billion in the same period last year.

In a disclosure to the stock exchange, PAL Holdings reported a 76.9% drop in its total revenues for the third quarter to P8.47 billion.

The flag carrier operator saw its passenger revenues for the quarter go down by 80% to P6.30 billion. The company’s cargo revenues declined 23.5% to P1.84 billion, ancillary revenues dropped 87.5% to P338.25 million, and revenues from its other business segments decreased 52.1% to P2.05 million.

These brought the company’s nine-month total revenues to P45.29 billion, down 61.6% from last year’s P117.85 billion.

In the nine months through September, PAL Holdings’ net loss to parent equity holders hit P28.85 billion, or more than three times the P8.49 billion recorded a year ago.

Passenger revenues for the three quarters dropped 65.4% to P35.56 billion. Cargo revenues declined 12.2% to P6.05 billion. Ancillary revenues decreased 55.5% to P3.68 billion, while its other business segments generated P6.93 million, 76.9% lower than last year’s figure.

“The group’s performance was severely affected by the economic condition of the country due to COVID-19 (coronavirus disease 2019) pandemic,” PAL Holdings said.

The company said its total assets as of Sept. 30 this year went down 10.5% to P284.37 billion from P317.83 billion as of Dec. 31, 2019.

“The decrease was primarily brought about by the reduction in cash and cash equivalents and property and equipment offset by the effect of remeasurement to fair value of outstanding fuel deals and increase in receivables,” PAL Holdings said.

Its consolidated total liabilities decreased 1.4% or P4.43 billion from P312.93 billion as of Dec. 31, 2019 to P308.50 billion as of Sept. 30 this year.

“This was due to the decrease in total noncurrent liabilities by 10.2% or P21.49 billion partly offset by the increase in total current liabilities by 16.6% or P17.05 billion,” the company noted.

PAL Holdings’ consolidated total equity went down by P29.03 billion from P4.90 billion as of Dec. 31, 2019 to capital deficiency of P24.13 billion as of Sept. 30 this year.

The company attributed the decline to the “increase in deficit brought about by the total comprehensive loss for the nine months ended Sept. 30, 2020.”

“The disruption in the group’s operations due to the repercussions brought about by the COVID- 19 crisis had a negative impact on its equity position at the end of the period,” it added.