HONG KONG: Most major Asian markets rose on Tuesday following another positive Wall Street lead, with energy firms surging along with oil prices. Hong Kong was up 1.5 percent as it built on Monday’s gains. PetroChina piled on more than three percent in Hong Kong and Tokyo-listed Inpex was 1.9 percent higher. Also, the US reimposed stiff sanctions on Iran following Donald Trump’s decision to exit a multi-nation nuclear deal with the major producer. In early trade London equities rose 0.3 percent, Paris added 0.3 percent and Frankfurt was up 0.5 percent.
August 07, 2018 07:41 UTC
LOS ANGELES: Serena Williams says she is suffering from “postpartum emotions” as the 23-time Grand Slam winner struggles to deal with juggling family life and tennis. “I read several articles that said postpartum emotions can last up to three years if not dealt with,” Williams said on Monday. Mostly, I felt like I was not a good mom,” Williams wrote on her social media Instagram account. Williams said she is trying to work through her despair by sharing her feelings with family and friends. Organizers announced on Saturday that Williams was withdrawing from this week’s WTA Montreal tournament citing “personal reasons”.
August 07, 2018 04:07 UTC
The BIR issued the tax lien to prevent the couple from selling or disposing of their properties until the supposed tax liability is paid. In its final assessment, the BIR said the Pacquiaos’ total tax liabilities amounted to P3.29 billion, including penalties and surcharges. For one, the court said the BIR failed to issue a Notice of Informal Conference informing a taxpayer of the discrepancies in his tax payments as against his tax obligations. The tax court said the BIR also failed to establish that the Pacquiaos committed fraud or tax evasion as well as to “lay the foundation” on how it arrived at its computation of the couple’s supposed tax deficiencies. The tax court set the pre-trial of the case filed by the Pacquiaos questioning the computation of the BIR on Aug. 30.
August 02, 2018 18:22 UTC
Under such scenario, Napoles’ extradition to the US would have to wait for more years, considering that she has many cases pending with the anti-graft court. Napoles, her children Jo Christine, James Christopher and Jeane Catherine; her brother Reynaldo and his wife Ana Marie were indicted by a federal grand jury for the crime of conspiracy to commit money laundering, domestic money laundering and international money laundering. The money laundering case involved activities by the defendants from September 2012 to August 2014. Napoles was arrested in August 2013 and her bank accounts in the Philippines were frozen. He did not say how much was really transferred to Napoles’ accounts.
August 02, 2018 17:00 UTC
MANILA, Philippines — The Court of Appeals (CA) has junked with finality the multiple counts of insider trading cases against former trade minister Roberto Ongpin involving his shares in Philex Mining Corp. In a five-page resolution released yesterday, the special 13th Division of the appellate court affirmed its decision in December last year, which reversed the 2016 ruling of the Securities and Exchange Commission (SEC) that found Ongpin liable for 174 counts of insider trading. The CA stood firm in its finding that the insider trading charges against Ongpin were not supported by substantial evidence. The appellate court did not agree with SEC’s conclusion that all the elements of insider trading were established during its investigation and that Ongpin should be meted the penalty of P174 million fine for 174 counts of insider trading. It ordered him to pay a fine of P174 million, or P1 million each for 174 counts of insider trading, and also barred him from becoming part of the board of any Philippine Stock Exchange-listed firm.
August 02, 2018 17:00 UTC
Trailing by three points, 57-60, with 3.27 minutes remaining in the contest, the taller Knights controlled the shaded area and held the Blazers scoreless the rest of the way while scoring seven points of their own to notch their third straight win against a loss. Bong Quinto paced the Knights with 17 points while new acquisitions Larry Muyang and Chris Fajarito dished out big games for the second straight time and finished with 10 points apiece to the delight of the home crowd in the NCAA on Tour. The Muyang-Fajarito frontcourt tandem also starred in Letran’s 74-58 romp over the JRU Bombers last week, scoring 14 points apiece. With the duo crashing both boards, the Knights won the duel, 41-32, including 18-12 on the offensive end that led to more second chance points, 12-4. “It’s always a luxury to have big men and we just want to take advantage with it as long as we can,” said Letran coach Jeff Napa.
August 02, 2018 16:45 UTC
Nevada senator’s health care views heat up re-election fight 2 SHARES Share it! Laura Packard, a Las Vegas political activist, said defending the health care law became personal for her when she was diagnosed last year with Hodgkin lymphoma. Most Nevada voters don’t know the nuances between the different health care bills anyway, said University of Nevada, Las Vegas, political science professor David Damore. Polls show health care is a top issue for voters in Nevada and around the country this year. Rosen “has fixed nothing and done nothing on health care,” Schipper said, noting that the freshman congresswoman was in office only six months before announcing she was running for the Senate seat.
August 02, 2018 16:18 UTC
Alvarez says life goes on after ‘betrayal’MANILA, Philippines — Life goes on. But of course, being a human being…,” Alvarez told reporters on the sidelines of the PDP-Laban leadership meeting at the Seda Hotel in Quezon City. Garcia proclaimed himself president in place of Pimentel but retained President Duterte as PDP-Laban party chairman in the national assembly, and designated Special Assistant to the President Bong Go as their auditor. Alvarez was also replaced by the Garcia faction as secretary-general. House reorganizationThis developed as the new House leadership continues with its minor realignments following the removal of Alvarez and Fariñas as House majority leader.
August 02, 2018 16:15 UTC
MANILA, Philippines — As far as the Senate is concerned, the proposed Charter change is “just waiting to be cremated,” Sen. Panfilo Lacson said yesterday. Lacson reiterated the position of the Senate that amendments to the Constitution require the participation of the Senate. Arroyo said yesterday that voting on amendments to the Constitution would be done separately by the House and Senate. However, in spite of this assurance by Arroyo, Lacson said he does not see the Senate taking part in the process at this time. “The Senate should agree to the proposal of Speaker Arroyo to a separate voting on Cha-cha.
August 02, 2018 16:10 UTC
LEGAZPI CITY, Philippines — Police are investigating the involvement of communist rebels in the explosion of an improvised bomb at the Masbate City port last Tuesday evening that resulted in the sinking of a motorized boat, injuring two crewmen. Boat owner Choy Tuazon of Barangay Nursery, Masbate City was also hit by flying fragments. Col. Edgard Arevalo, Armed Forces of the Philippines (AFP) spokesman, said the Masbate City port bombing has no connection whatsoever to the Lamitan City, Basilan suicide bombing Tuesday morning. Armand Balilo yesterday said they are treating the matter as an isolated incident but the agency maintains strict security not only at the Masbate port but in all seaports in the country. The PCG in Masbate conducted search operations at the port to make sure that there were no other explosives.
August 02, 2018 16:05 UTC
Beijing’s suggestions are part of efforts to expand its influence in the South China Sea, which it claims almost entirely, and push back at Washington, which has backed countries with overlapping claims to the waters. A code of conduct between Beijing and the Association of Southeast Asian Nations (ASEAN) to govern behavior in the strategic sea has been years in the making. In the draft text, Beijing suggests that China and the 10 ASEAN states should carry out joint military exercises regularly. By proposing joint military exercises, China is trying to send a “subtle message to the world that ASEAN and China could work together and things are progressing well, hence there is no need for external involvement in the South China Sea issue,” said Ha. At a meeting of foreign ministers in Singapore yesterday, Beijing and ASEAN announced they had agreed on the negotiating text for the code.
August 02, 2018 16:05 UTC
MANILA, Philippines — Lucas Matthysse has announced his retirement from boxing just 18 days after being knocked out by Manny Pacquiao in their one-sided “Clash of Champions” card in Kuala Lumpur. “I retire from boxing,” said Matthysse in his retirement speech, which he posted on Instagram yesterday, with a photo of him flashing the thumbs-up sign. And many thanks to all of the people that I met thanks in boxing,” he added. But Matthysse proved no match to Pacquiao, who flashed his old deadly self in scoring three knockdowns and a TKO win in the seventh round. Instead, it was Matthysse, who failed to defend his WBA welterweight crown, and went into retirement, as Pacquiao moved forward.
August 02, 2018 16:01 UTC
MANILA, Philippines — GMR Megawide Cebu Airport Corp. (GMCAC) has blamed incorrect installation by its contractor for the flooding incident at the new Terminal 2 of the Mactan-Cebu International Airport (MCIA) last Tuesday. “At the time of the incident, a rework of the gutter by the contractor was ongoing. The contractor had incorrectly installed the gutter system that was designed for the link bridge. This is the reason for the link bridge and drop-off zone being unduly exposed to rain,” GMCAC said in a statement yesterday. It said once the gutter installation is corrected, the rainwater from the link bridge canopy would be connected back to the rainwater drainage system.
After a blowout, routMANILA, Philippines — Titleholder San Miguel Beer, with its back-to-back smashing triumphs, has re-established itself as the overwhelming favorite versus Barangay Ginebra going to Game Four of the PBA Commissioner’s Cup Finals tonight at the Smart Araneta Coliseum. San Miguel behemoth June Mar Fajardo is a cinch to win a second BPC plum this season that could put the lock on his quest for a record fifth MVP crown. Devastated, Ginebra coach Tim Cone issued a short statement to the sportswriters as he left the Big Dome Wednesday. But a never-say-die team as they are, the Kings stressed they are not about to raise the white flag yet. The challenge for the Kings is how to keep up with the Beermen with the great form they’re enjoying right now.
In Manila, suspected pushers Noel Cervantes and “Athan” were slain in an alleged shootout during a drug sting in Tondo before dawn yesterday. Dimaandal said there were reports Carpio was also involved in the illegal drug trade. Taguig drug denIn Taguig, seven persons were arrested in a sting at a drug den in Barangay Ususan Wednesday. Ramos is allegedly the supplier of illegal drugs in Barangay West Crame, said Senior Superintendent Bowenn Joey Masauding, city police chief. Ramos “returned only this year” to practicing his profession and admitted “he was involved in illegal drugs,” Balba said.