High Court on PLDT case: If there’s a breakdown in nationalism, it is the fault of the firm’s Filipino directors

It is the breakdown of nationalism in each of the Filipino shareholders, Filipino directors and Filipino officers of that corporation. The Supreme Court back in 2011, by a vote of 11 to 2, ruled that PLDT had skirted the 40 percent limit. This allowed PLDT to skirt the 2011 Court decision, since it issued 150 million “voting preferred shares” worth P150 million, to its employees’ pension fund. This recent Court decision ruled eight to five denied the petition, that nothing was wrong with the SEC ruling memorandum. Filipino big businessmen can very easily buy off such foreign shares, if foreigners are required to dispose of them.

January 19, 2017 16:38 UTC

Study grants, return service initiatives: Some lessons

Besides giving them pointers, I stress to them that they are expected by the awarding body to render some return service initiatives of socio-cultural value to their communities. Although there’s no lack of information on study grants in the web, some students may not have unlimited access to the internet save for their research requirements. Return service for a grant gives them the opportunity to contribute ideas and actions related to their experience upon their return to their home communities. Our discussion then will be how one obtains a study grant aside from through the usual web search and, in return, create initiatives to share one’s offshore experience and be successful. German language teachers and students are generously sponsored annually for language and culture immersion in Germany and in other cross-border activities.

January 19, 2017 16:19 UTC

International trade thuggery

President-elect Donald Trump’s threats against American companies looking to relocate in foreign countries have won favorable review from many quarters. Support comes from those alarmed about trade deficits, those who want a “level playing field” and those who call for “free trade but fair trade,” whatever that means. Congress can play favorites with US sugar producers by keeping foreign sugar out, enabling them to charge higher sugar prices, earn higher profits and pay their employees higher wages. One of the unappreciated benefits of international trade is that it helps reveal the cost of domestic policy. By the way, all trade is fair in the eyes of the parties trading, or else they would not trade.

January 19, 2017 16:18 UTC

India’s Modi won’t stop bull-wrestling ban

Residents of the southern state of Tamil Nadu said the Jallikattu festival is a crucial part of their culture and are demanding the ban be lifted. “The ban imposed on Jallikattu by the Supreme Court came up for discussion,” Modi’s office said on Twitter after the two men met. “This is an attack on our culture,” said Manikanda Venkatesh, a student from Tamil Nadu. “People who have never been to Tamil Nadu are telling us about about culture and calling it barbaric. Police say the protests have remained peaceful so far but have spread to large parts of Tamil Nadu.

January 19, 2017 15:51 UTC

Malaysia PM urges Myanmar to end Rohingya crackdown

KUALA LUMPUR: Malaysia’s prime minister Thursday urged Myanmar to end its crackdown on the Muslim Rohingya minority, warning that Islamist extremists may exploit the crisis. At least 66,000 Rohingya people have subsequently fled to neighboring Bangladesh, alleging rape, murder and torture at the hands of security forces. Instead it describes them pejoratively as Bengalis—or illegal immigrants from neighboring Bangladesh—even though many have lived in Myanmar for generations. The secretary-general of the 56-member OIC, Yousef Al-Othaimeen, urged Myanmar security forces to use restraint with civilian populations or risk fuelling a violent reaction from oppressed groups. Analysts say Najib’s embrace of the Rohingya in part aims to burnish his international image after the damaging 1MDB graft scandal.

January 19, 2017 15:43 UTC

Twin rocket fire kills 9 civilians in Yemen’s Taez

ADEN: Twin rockets fired from the rebel-held outskirts of Yemen’s third city Taez killed nine civilians late Wednesday, a medic and a loyalist military source said. Taez is one of the key battlegrounds of the civil war and government-held neighborhoods have come under repeated rebel fire. A medical source at the city’s Al-Rawda hospital told AFP that seven civilians were wounded by the rocket fire. A loyalist military source said that the rockets struck one after the other in the city’s Al-Nour district. The World Health Organization said more than 7,400 people have been killed since the coalition intervention began.

January 19, 2017 15:43 UTC

NKorea preparing to launch new missiles—report

Pyongyang’s missile program and its pursuit of nuclear arms have seen it repeatedly sanctioned by the UN Security Council. Quoting high-level South Korean officials and South Korean and US military sources, the South’s Yonhap news agency said two new missiles had been loaded onto mobile launchers. CNN and other US news reports, quoting a US defense official, that the Pentagon had deployed a high-tech sea-based X-band radar system to keep watch for a possible North Korean long-range missile launch in the coming months. A spokesman for the South Korean military’s Joint Chiefs of Staff said the Yonhap report had not been verified. A senior US defense official said last month that the North has developed the capability to pair a nuclear warhead with a missile and launch it.

January 19, 2017 15:43 UTC

Atlanta’s Ryan, Oakland’s Mack take top awards

NEW YORK: Atlanta Falcons quarterback Matt Ryan, who directed the NFL’s highest-scoring attack, and Oakland defensive end Khalil Mack took top awards in media voting announced Wednesday (Thursday in Manila). Ryan, who led the Falcons with club records in passing yards and touchdowns, was chosen the 2016 NFL Most Valuable Player and Offensive Player of the Year. Mack, who matched an NFL record with quarterback sacks in eight consecutive games, took Defensive Player of the Year honors from the Professional Football Writers of America. Ryan, in his ninth NFL season, completed 373 of 534 passes (a club record 69.9 percent of his throws) for 4,944 yards and 38 touchdowns with only seven interceptions. The Falcons produced a one-season club record 540 points in this campaign and went 11-5 to claim a first-round playoff bye.

January 19, 2017 15:43 UTC

Wesley resumes campaign in Tata Steel Masters

After a one-day rest, Filipino Grandmaster (GM) Wesley So will resume his campaign against GM Pentala Harikrishna of India in the fifth round of the 2017 Tata Steel Masters Chess Tournament being held in Wijk aan Zee, Netherlands. The 23-year-old So, who represents the United States Chess Federation in international events, has so far earned three points on two wins and two draws. 2 spot along with defending champion GM Magnus Carlsen of Norway, who also collected three points. Also seeing action in the fifth round are Eljanov against Aronian, Karjakin against Adhiban, Wojtaszek against Van Wely, Andreikin against Rapport, Wei against Giri, and Nepomniatchtchi against Carlsen. The organizers will implement the second rest day of the tournament on January 23.

January 19, 2017 15:43 UTC

US commander warns of more IS attacks in Asia-Pacific

NEW DELHI: A top US military commander warned Wednesday that the Asia-Pacific region is at risk of attacks by Islamic State group fighters returning to their home countries. As the group loses territory in the Middle East, radicalized fighters from Bangladesh, Indonesia and elsewhere are likely to target their native countries, commander of the US Pacific Command Admiral Harry Harris said. In the past year alone, ISIL has made its murderous intentions clear in places like Bangladesh, Indonesia, the Philippines, Malaysia and the United States,” he said at a geo-political conference in New Delhi. IS-linked militants also killed 20 hostages in a restaurant in Bangladesh last year in one of the deadliest incidents in the country. Nearly 60 Indians have joined the IS group since 2014, according to an official count.

January 19, 2017 15:43 UTC

Tiger praised for raising the stakes

SINGAPORE: Tiger Woods’ return can only mean good things for golf which reaped the rewards of his popularity, former world number one Ernie Els said Wednesday. Thomas is the current world number eight and Matsuyama is number six. World number five, American Jordan Spieth, is 23 and held the top spot for a total of 26 weeks between 2015 and 2016. Younger players also won the praise of world number seven Adam Scott, who said technology was helping them mature their game. Competitors include world number 15 Sergio Garcia of Spain and defending champion Young­han Song from South Korea.

January 19, 2017 15:43 UTC

Tevez touches down in Shanghai

SHANGHAI: Argentine striker Carlos Tevez arrived Thursday to a rousing welcome from hundreds of fans in Shanghai, where he will join local side Shenhua in a deal that reportedly makes him the world’s top-earning footballer. Police at Shanghai’s main international airport bundled the smiling Tevez through a crowd of blue-clad Shenhua fans gathered in the arrival hall to greet him. Tevez, a goal-scoring dynamo throughout his career for such heavyweights as Manchester United, Manchester City and Juventus, came on a relatively paltry transfer fee of 10.5 million euros, according to the deal-tracking website transfermarkt.com. But Argentine media have reported that he will make around 38 million euros per year in China under his two-year contract, out-earning even megastars like compatriot Lionel Messi and Portugal’s Cristiano Ronaldo. Since the sports ministry’s edict, only one major foreign signing has taken place: Tianjin TEDA snagged Chelsea’s Nigerian midfielder John Obi Mikel for about 8.5 million euros, according to transfermarktweb.com.

January 19, 2017 15:43 UTC

PSA to honor Diaz

Diaz totaled a combined 200 kgs in both the snatch and clean and jerk to the 212 of the Taiwanese bet. The Cinderella finish by Diaz was the first for the country in the last 20 years since boxer Mansueto ‘Onyok’ Velasco punched his way to a similar silver medal feat during the 1996 Atlanta Olympics. Diaz is the first lady to be feted by the country’s oldest media organization with its highest individual honor after boxer Josie Gabuco and the Team Manila women’s softball team in 2012. Hidilyn Diaz is truly the hands-down choice as the 2016 PSA Athlete of the Year,” said PSA president Riera Mallari , sports editor of The Standard. In the coming days and weeks, recipients of the President’s Award, Lifetime Achievement honor, Executive of the Year, National Sports Association of the Year, Mr. Basketball, Mr.

January 19, 2017 15:43 UTC

Elasto Painters eye second spot

The Elasto Painters will meet Bolts in the 4:15 p.m. game followed by the 7 p.m. match between the Gin Kings and the Elite. The Elasto Painters, with a 5-3 win-loss record are sharing No. The Bolts, under coach Norman Black, with a 2-7 win-loss record are already out of the race for a quarterfinals slot. The Gin Kings with a 4-4 win-loss record are aiming for back-to-back wins. “Big weekend for us playing two teams ahead of us in the standings,” said Ginebra coach Tim Cone via text message.

January 19, 2017 15:42 UTC

Teng powers AMA’s win over Batangas

Jeron Teng fired 42 points in his PBA D-League debut as he carried AMA Online Education to a 101-95 victory over Batangas Thursday in the 2017 PBA D-League Aspirants’ Cup at Ynares Sports Arena in Pasig. The La Salle star’s performance was the second highest output in the history of the league, trailing James Martinez’ 58-point game set last season. Teng shot 12-of-27 from the field and also got five rebounds and five assists to start his stint in the developmental league on a high note. Juami Tiongson also had a hand in the triumph, firing 11 of his 15 markers in the final six minutes of the game. Games Monday(Ynares Sports Arena, Pasig)3 p.m. – Blustar vs Racal5 p.m. – Cafe France vs Tanduay

January 19, 2017 15:42 UTC

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