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Hot money leaves Philippines in May

More short-term foreign funds exited than entered the Philippines in May, reflecting market jitters in the face of higher US government debt yields and a depreciating peso, the Bangko Sentral ng Pilipinas reported on Thursday......»»

Category: newsSource: philstar philstarJun 14th, 2018

Hot money leaves PHL in February

MORE foreign funds left the Philippines in February compared to a year ago, reversing from January’s net inflows, in the face of uncertainties in the global market, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. Foreign portfolio investments posted a $545.14-million net outflow last month, bigger than the $409.01 million that left the country […] The post Hot money leaves PHL in February appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 16th, 2018

Hot money leaves PHL in February

MORE foreign funds left the Philippines in February compared to a year ago, reversing from January’s net inflows, in the face of uncertainties in the global market, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. Foreign portfolio investments posted a $545.14-million net outflow last month, bigger than the $409.01 million that left the country… link: Hot money leaves PHL in February.....»»

Category: newsSource:  manilainformerRelated NewsMar 15th, 2018

CA leaves it to Ombudsman to resolve P125-M PCG funds mess

MANILA, Philippines – Because of simultaneous filings by the Philippine Coast Guard (PCG) officers, the Court of Appeals (CA) has now left it up to the Office of the Ombudsman to decide the fate of those involved in a P125-million ($2.35)* funds mess, as it sets aside an earlier ........»»

Category: newsSource:  rapplerRelated News3 hr. 31 min. ago

Japan to share energy know-how under PH deal

“The technical assistance is needed for Filipinos to get more value for their money, in terms of investment, energy development and utilization.” Tokyo, Japan — The Philippines and Japan agreement signed a technical cooperation to improve electric infrastructure and efficiency of local power plants. Energy Secretary Alfonso Cusi and Deputy Director-General of the Japan’s Ministry […].....»»

Category: newsSource:  tribuneRelated News17 hr. 44 min. ago

PHL, Japan ink deal on power efficiency

By Victor V. Saulon, Sub-Editor THE Philippines and Japan have forged a technical cooperation agreement to improve electric infrastructure and power generation efficiency in the country, the Department of Energy (DoE) said on Friday. “The technical assistance is needed for Filipinos to get more value for their money, in terms of investment, energy development and […] The post PHL, Japan ink deal on power efficiency appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 22nd, 2018

Flood, illness could not stop Robert Bolick from getting his well-deserved trophy

Until the very end, Robert Bolick had to work for his first-ever individual trophy in the collegiate ranks. The undisputed leader of NCAA champion San Beda University was all set to be recognized as the Player of the Year in the 2018 Chooks-to-Go Collegiate Basketball Awards held last Thursday at The Bayleaf Hotel in Intramuros. Three hours before the event organized by the UAAP-NCAA Press Corps, however, he had bad news. As it turns out, Bolick was not feeling well and his stomach flu had him on the verge of going to the hospital. “Masakit talaga. Two days na nga akong hindi nakapag-practice (with San Beda),” his message read. And so, it appeared that the 5-foot-11 lead guard would not be able to hoist his first-ever individual trophy. With that, the air became heavy inside the venue as, aside from Bolick, also absent from the event were four awardees from Ateneo de Manila University, who were in Greece for tuneup games, and two awardees from Lyceum of the Philippines University, who were in Calatagan, Batangas for team-building. The downpour of rain and, of course the sudden flooding it entailed, didn’t help either as several representatives of the awardees were regrettably forced to miss the awards night as well. And then, right in the middle of the heavy rain, Bolick told the UAAP-NCAA Press Corps that he was willing his way to the event. “Sirs, pupunta (na) ako, for sure. Para sa inyo, sirs, kakayanin ko ‘to,” his message read. Not only that, he was going to Intramuros from Sta. Ana in Manila by booking an Angkas. “Sarap pala mag-Angkas no? Traffic lang saka natakot ako sa mga truck,” he shared. And so, until the very end, the now 21-year-old had to work for his first-ever individual trophy in the collegiate ranks. Whatever it was, though, he said that finally holding the Player of the Year was well worth it. “Ang sarap. Meaning lang nito, mahal niyo ako,” he said, joshing with reporters. True to form, however, he was also quick to add, “Pero sa akin wala talaga yung individual. All I want is a championship.” Along with the trophy, event backer Chooks-to-Go also rewarded all of Bolick’s efforts with PhP 15, 000 in cash. In the end, the stomach flu, the heavy rain, and the flood he had to overcome were no match for the well-deserved recognition as well as pocket money to celebrate it. After all, the pride of Ormoc, Leyte had already proven that he could persevere through the longer, harder route just to get to his destination. While he was the hands-down King Lion, coming through when his team needed him the most, he was left out of any individual hardware after being disqualified for the Mythical Team due to a controversial ejection in an elimination round game and after being edged out by teammate Donald Tankoua for Finals MVP. And so, even with two team championships, Bolick was yet to receive individual honors – from his time as a reserve in De La Salle University to his time as main man of San Beda. Not anymore, as the UAAP-NCAA Press Corps set up the stage for, at long last, his one shining moment. And just like he always does, Robert Bolick, finished it all with a flourish. --- Follow this writer on Twitter, @riegogogo......»»

Category: sportsSource:  abscbnRelated NewsJun 22nd, 2018

PH military modernization a ‘waste of money,’ says exiled communist leader

EXILED Communist Party of the Philippines (CPP) founder Jose Maria “Joma” Sison branded the Armed Forces of the Philippines’ (AFP) modernization program, as a “waste” of government funds. “[Duterte] is wasting tax money and borrowed funds for counter-productive purposes,” the communist leader said in a Facebook post on Thursday night. “Duterte imagines that he has all the [...] The post PH military modernization a ‘waste of money,’ says exiled communist leader appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 22nd, 2018

TRAIN law abuses women – rights group

MANILA, Philippines – Like most mothers in a typical Filipino household, Flora Santos is responsible for the budget of the family. She decides what food to buy, how much money each person in the household gets, and does so on top of the daily chores. Santos does not have a ........»»

Category: newsSource:  rapplerRelated NewsJun 20th, 2018

Paolo Orbeta leaves past nightmares, treads new basketball path

MANILA, Philippines – With a lingering feeling that his basketball career is not yet over, former De La Salle-College of St. Benilde (CSB) cager Paolo Orbeta has decided to form the Makati City Skyscrapers team, which will debut in the Maharlika Pilipinas Basketball League (MPBL) on Tuesday, June ........»»

Category: newsSource:  rapplerRelated NewsJun 16th, 2018

Hot money back to net outflow on peso, inflation worries

MORE FOREIGN FUNDS left the Philippines in May, capping two months of net inflows, amid global geopolitical tensions and higher yields in the United States, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. The post Hot money back to net outflow on peso, inflation worries appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 14th, 2018

Domeng becomes typhoon as it leaves PAR

What's the weather like in your area? Report the situation through Rappler's  Agos  or tweet us at  @rapplerdotcom . MANILA, Philippines – Severe Tropical Storm Domeng (Maliksi) intensified into a typhoon as it left the Philippine Area of Responsibility (PAR) on Sunday morning, June 10. In a bulletin issued 9:30 ........»»

Category: newsSource:  rapplerRelated NewsJun 10th, 2018

Habagat brings rains as ‘Domeng’ leaves Philippines

A state weather specialist on Sunday morning said Tropical Storm “Domeng” (international name: Maliksi) has nearly left the Philippine Area of Responsibility and is no longer affecting the country......»»

Category: newsSource:  philstarRelated NewsJun 10th, 2018

Filipino store clerk shot dead by robbers in Edmonton

EDMONTON, Alberta -- Masked robbers shot and killed Ricardo Cenabre, 41, a Filipino convenience store employee at a south Edmonton Mac's store early Friday morning, June 1.   Cenabre, known as "Ricky," had lived in Canada for about 5 years and often worked the night shift at the store, sending money back to the Philippines to support his wife and child, a friend of his told Globalnews.ca. He was killed at 3 a.m. at the store's Pleasantville branch.   The robbery and slaying happened just 15 minutes after 35-year-old Karanpal Singh Bhangu, also a convenience store clerk, was gunned down inside another Mac's store in Millwoods.   Police arrested three s...Keep on reading: Filipino store clerk shot dead by robbers in Edmonton.....»»

Category: newsSource:  inquirerRelated NewsJun 7th, 2018

Sokor’s most wanted fugitive in a $100-M scam, nabbed

By Anthony Ching The Bureau of Immigration (BI) arrested one of South Korea’s most wanted men who is accused of large-scale fraud when he pocketed more than US$100 million in a construction investment scam. Chun Tae Joon was tagged by the Korean embassy in Manila as a high profile fugitive and is listed as top of the order of battle by Seoul authorities, according to Immigration Commissioner Jaime Morente.The 53-year-old Korean fugitive was arrested at the Kalayaan Avenue, Diliman Quezon City after hiding in the Philippines for almost 13 years. He is now detained at the BI warden facility in Bicutan, Taguig City.Morente said the Korean will be deported for being an undocumented and undesirable alien.BI intelligence officer and FSU head Bobby Raquepo said Chun eluded arrest for more than 12 years and that it was only recently that informants tipped the bureau with information that resulted in his capture.Chun is wanted in Korea for large scale fraud and a warrant for his arrest was issued by a district court in Seoul on Oct. 13, 2005.The Korean fled to Manila after the warrant was issued after defrauding 10,000 compatriots of more than US$100 million in a construction investment scam. “The victims were promised big returns should they invest their money in construction projects but they do not really exist,” Raquepo said.He added that the Korean, who holds an expired passport, could be sentenced to life imprisonment if he is convicted......»»

Category: newsSource:  tribuneRelated NewsJun 7th, 2018

BI to deport British involved in swindling, money laundering

      A 24-year-old British national who was reportedly involved in large-scale internet fraud and money laundering activities in the United Kingdom was caught hiding in the Philippines for nearly three years. Calvin Jason Ainsworth was arrested by the Bureau of Immigration (BI) Fugitive Search Unit (FSU) in his residence at Josefa Country Homes in Banawa, Cebu City, the bureau disclosed on Wednesday. In a text message, BI spokeswoman Dana Mengote said FSU agents raided Ainsworth's residence on Saturday, June 2. The fugitive's brother, Jared William, who came to the Philippines with him, remains at large. According to BI Commissioner Jaime Morente, th...Keep on reading: BI to deport British involved in swindling, money laundering.....»»

Category: newsSource:  inquirerRelated NewsJun 6th, 2018

8 things you can donate to animal welfare organizations other than money

[Editor's Note: This article features XChange Picks – deals and products we think you might like. These features may contain affiliate links from our partners.] MANILA, Philippines – We would often see posts about abused or abandoned cats and dogs going viral on Facebook. It hurts us to ........»»

Category: newsSource:  rapplerRelated NewsJun 1st, 2018

P6.3-M reward for tipster in BIFF bombmaker Basit Usman s death

MANILA, Philippines – The military on Thursday, May 31, awarded P6.3 million ($119,745*) to a tipster who led the military to a successful operation to neutralize notorious bombmaker Basit Usman of the Bangsamoro Islamic Freedom Fighters (BIFF). Armed Forces chief General Carlito Galvez Jr handed the money to ........»»

Category: newsSource:  rapplerRelated NewsMay 31st, 2018

OFW and broke: Money lessons from a Balikbayan Box

When I was a child, I looked forward to the BalikbayanBox from my auntfrom abroad. She also sent money to my other relatives every time they ask for it. My relatives saidshe has lots of money as they were working. But after more than 20 years, they are now back in the Philippines. Home for [...] The post OFW and broke: Money lessons from a Balikbayan Box appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 30th, 2018

Crack Philippines team vies in world shootfest

A 25-man Philippine shooting team leaves for France to compete against the world’s top marksmen in the IPSC Shotgun World Shoot competition at Chateauroux beginning June 3......»»

Category: sportsSource:  philstarRelated NewsMay 30th, 2018

Gaming industry still a safe bet in PH amid changing rules, rising competition

In a country which is 80 percent Catholic, it would seem surprising that the gaming industry has taken off: the Philippines has become one of the key markets for casinos in Asia after Macau and Singapore. A stigma towards gambling still exists, whether as an addiction or on the illicit activities attached to it, such as money laundering. President Rodrigo Duterte, who has been aggressive on his crackdown on crime, has expressed a desire to "limit gambling,"as he said in a Negros Occidental ceremony last Sunday, May 20. However, it seems attitudes towards gambling depart from Filipinos' actual behavior towards it. Since 1976, the government took a chance on regulating gaming th...Keep on reading: Gaming industry still a safe bet in PH amid changing rules, rising competition.....»»

Category: newsSource:  inquirerRelated NewsMay 28th, 2018