Hot money outflow hits $299 M in April Lawrence Agcaoili (The Philippine Star) - May 24, 2019 - 12:00am MANILA, Philippines — More foreign portfolio investments or speculative funds exited the Philippines for the second straight month as net outflow reached $298.8 million in April, reversing the $279.29 million net inflow recorded in the same month last year, according to the Bangko Sentral ng Pilipinas. The BSP attributed the pull out of more foreign portfolio investments or hot money to the delayed passage of the 2019 national budget as well as the damage caused by the earthquake last April 22. “Investors also stayed cautious amid the lack of fresh catalysts in the market and ongoing trade negotiations between the US and China,” the BSP said. The BSP said outflows of foreign portfolio investments went up by nearly 18 percent to $1.29 billion in April from $ 1.09 billion in the same month last year, … [Read more...] about Hot money outflow hits $299 M in April
It was an ambitious animation project that paid off and generated decades of fan goodwill, not to mention the two Oscars and a future Broadway musical. Now, following in the lucrative footsteps of “Beauty and the Beast” and others, the studio is taking another shot at “Aladdin,” this time in live-action. The film, from director Guy Ritchie, opens nationwide Friday. But how do you recreate the magic of “Aladdin” without the help of a genie’s lamp? Well, getting a movie star like Will Smith on board doesn’t hurt. Smith agreed to play the Genie. The part was originated by the late Robin Williams, who brought his signature irreverence and wit and modern references to the role. But even with Smith’s bona fides, he was nervous. Williams’ performance has become iconic in the past 27 years. In other words, it would be a tough act to follow. “It was not a no-brainer,” Smith said. “I was really terrified at first. … [Read more...] about Recreating ‘Aladdin’s’ magic with Will Smith and fresh faces
SINGAPORE - Tributes from local architects and industry insiders have poured in for the late I.M. Pei, the world-renowned Chinese-born American architect who died on Thursday (May 16). He was 102. Mr Pei, whose high-profile projects include the glass pyramid that serves as an entry for the Louvre in Paris, was hailed by many as one of the most prolific architects of the 20th century. In Singapore, he designed Raffles City, The Gateway in Beach Road and the OCBC Centre in Chulia Street. Those who have met the man said he was humble and gentle, and commanded respect from people who worked with and for him. Mr Michael Ngu, chief executive of local architectural firm architects61, said he was "honoured" and "blessed" to have worked in Mr Pei's New York office in Madison Avenue in the 1980s. He considers Mr Pei his mentor and the "godfather of modern architecture". "An element that's almost always consistent in his architecture is a light-filled atrium space to be loved by its occupants. As … [Read more...] about Local architects and industry insiders pay tribute to I.M. Pei
Duterte won fresh vote of confidence? TWO days after the last vote was cast and counted, it looks like the people have given President Duterte a new vote of confidence by electing all his favored candidates for senator. That is, assuming it was an honest election – not an automated deception. To me, the indicators of Duterte’s enjoying, or claiming, popular approval are senatorial wannabes Bong Go, Bato dela Rosa and Imee Marcos – who as of 8:20 p.m. yesterday looked secure in their assigned slots in the winning bracket. Without Duterte, these first-timers in the Senate race would not make it. They have nothing to commend them to the Senate. In fact, Bato, the top cop wonders aloud what he would do in the legislature. (Eh di mag -OJT [On the-Job Trainee] ka, Sir!) In his May 11 campaign speech in Pasig, President Duterte explained why he needed to pack them in: “I need men in the Senate. Kailangan ko ng mga tao sa … [Read more...] about Duterte won fresh vote of confidence?
DUMAGUETE CITY - Incumbent Dumaguete City Mayor Felipe "Ipe" Remollo has won a fresh term in the May 13 midterm elections. The Liberal Party-backed candidate led with 19,000 votes, based on votes canvassed past 11 p.m. Monday. He defeated independent candidates William Ablong and Kinix Ramirez. Meanwhile, former city councilor Alan Gel Cordova won as vice mayor against Franklin Esmeña and Nelson Layague. Click here for ABS-CBN's election results: https://halalanresults.abs-cbn.com/ - With a report from Martian Muyco, ABS-CBN News … [Read more...] about News Remollo wins fresh mandate in Dumaguete