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BusinessMirror July 29, 2019
BSP: MAJOR RISKS STILL ON RADAR IN 2019 By Bianca Cuaresma @BcuaresmaBM
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‘BAMBOL’ NEW P.O.C. PRESIDENT Rep. Abraham “Bambol” Tolentino (right) is elected new president of the Philippine Olympic Committee during Sunday’s special elections at the Century Park Hotel. The POC’s immediate past president, boxing chief Ricky Vargas, gives the cycling federation head a congratulatory handshake. Story on C3. ROY DOMINGO
ROTARY CLUB OF MANILA JOURNALISM AWARDS
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HE Bangko Sentral ng Pilipinas (BSP) said major risks are still on its “radar” for this year, but vowed to keep a vigilant eye on these local and global developments to ensure a strong growth for the Philippines this year. Among these risks are the protracted USChina trade tensions, the possibility of a no-deal Brexit, and the US-Iran standoff on nuclear deal. These tensions have not been only affecting direct economic growth of advanced economies but are also increasing the risk of uncertainty in the global front, Governor Benjamin Diokno said when he addressed local bankers at a reception marking the BSP’s 70th anniversary and launching a book on the history of central banking in the country. On the domestic front, Diokno said the BSP
sees challenges arising from severe weather disturbances, and the delays in infrastructure projects. He called these risks “short term” and vowed to use policy to shield the economy from adverse effects coming from these risks. “We have our radars. We see the risks, threats, and even gaps and opportunities. We address all these—and we have our tool kits that we would willingly use as needed,” he said. “Despite the risks, we remain optimistic that the Philippines provides a unique value proposition that is not short-lived. It is anchored on a dynamic track record PHL-SOKOR FTA SEEN FINALIZED IN APRIL By Elijah Felice E. Rosales T JOBS GALORE Applicants gather at the biggest Job Fair event in the Philippines at New Era University School of Management Building in Quezon City on Saturday. Over 200 companies joined the fair, in search of qualified applicants for a variety of opportunities. New Era Alumni Association Inc. President Randy Escolango was among those who issued instructions to the qualified applicants, including Persons With Disability (PWD), at the Job Fair. NONOY LACZA w n @alyasjah HE free trade agreement (FTA) between the Philippines and South Korea is now expected to be finalized by April, as optimism toward a conclusion rose after the two parties revamped their lineup of negotiators. Trade Secretary Ramon M. Lopez said both governments changed their team of negotiators to bring a fresh environment to the table. With the reorganization, the Philippine side is now headed by Trade Undersecretary Ceferino S. Rodolfo, taking over the position previously held by Trade Assistant Secretary Allan B. Gepty. Rodolfo is known to be one of Lopez’s trusted aides in the Department of Trade and Industry, and is frequently assigned to negotiate or renegotiate trade deals, as well as secure new investments for the Philippines. “[The FTA talks with] Korea is moving. Hopefully, we finish Korea after April,” Lopez said in an interview with reporters last week. “That’s the next target, before the visit of the Korean president here. I met the South Korean minister recently, and our discussions there are continuing. Hopefully, we can finalize it [since] our negotiating teams were changed,” he added. Monday, February 24, 2020 Vol. 15 No. 137 Co-ops, groups top rice importers under RTL C By Jasper Emmanuel Y. Arcalas @jearcalas OOPERATIVES, farmers’ groups and associations edged out companies and traders in terms of rice imports under the new trade regime, as they cornered a total When Season 45 of the Philippine Basketball Association unfurls on March 8 the landscape will be different as two of its “towers” are not around. And I mean that literally. This as San Miguel big man June Mar Fajardo and his Barangay Ginebra counterpart Greg Slaughter are set to miss the season-opening tournament Philippine Cup, and even beyond, for varying reasons. Five-time league most valuable player Fajardo is out as he recovers from a leg injury after fracturing his right tibia in their practice last week. He had surgery on Feb. 4 and was ruled out indefinitely. Slaughter, meanwhile, surprised many at the weekend after announcing on his social media accounts that he is going “to take a break” from playing in the local pro league to work on aspects of himself after his contract with the Gin Kings recently expired. He was with the team for six years. Fajardo’s situation is really unfortunate especially since he expressed to this writer how was looking forward to getting their campaign going in Season 45. I had a chance to talk to the “Kraken” a couple of weeks back at the launch of the 2020 edition of the Philippines Yearbook on the 50 greatest Filipino athletes of all-time, wherein he is one of those feted and he shared that he was determined to get back to work. He cited how they ended last season as one of the motivations for him. In a position anew to win a rare PBA grand slam after bagging the first two conferences of the season, the Beermen failed to move past the quarterfinals of the season-ending Governors’ Cup, eliminated by eventual champion Barangay Ginebra. It marked the second time that Fajardo felt such a sting after being in the same position in 2017. He was also excited to get back to action after having an extensive vacation following their early Governors’ Cup elimination. Fajardo shared that he really took time to rest his body after what he deemed to be eight straight years of play (Photo by Manny Marcelo) Back in 1873, one of America’s richest men, Cornelius Vanderbilt, the railroad and shipping magnate, decided to build a school. He named it Vanderbilt University. Today, it ranks as one of the best in the United States. Irina Gabasa is going to Vanderbilt. On full scholarship. Thanks to golf. Only 16 years old, Irina won the Philippine Amateur Golf Championship last year. Because of that heavyweight victory, the petite junior golfer who trains at the Alta Vista Golf & Country Club impressed a field of international coaches. At 11 P.M. tonight, Ms. Gabasa, together with her parents, Deo and Rowena, head for the Mactan airport, ready to fly to the land of Barack Obama. “I’m excited and nervous,” said Irina, dark-tanned from all the sun exposure yet whose smile and pretty face forever radiate. “College will definitely be a new experience.” She finished pre-school, elementary and high school at Bright Academy. I’m proud to say that my mom, Allen, founded and continues to run the school and that our family owns it. Before choosing Vanderbilt, Irina was toured all over the mainland and courted by many of the top schools. Among those who offered scholarships were Univ. of Miami, Pepperdine Univ., Univ. of Georgia, Texas Christian University, Baylor Univ., Coastal Carolina, and Southern Methodist Univ. But, after months of studying, visiting and, above all, praying, Team Gabasa picked the Nashville, Tennessee campus whose student population is 12,714. “I chose Vanderbilt University because of its balance in Sports and Education,” said Irina, via email, two nights ago. “Not only is it a top 20 NCAA Division 1 golf team but it’s also part of the 20 best Universities in the U.S. Others call Vanderbilt the Ivy League of the South. Also, because of the coaches. They are great
BusinessMirror February 24, 2020
Government urges local travel amid outbreak
She received emails. Phone calls were logged. The A-list of American coaches wanted to know: Who is this golf phenomenon and where is she from, Cebu City, Phils?