Zark’s rises; eze, perpetual wallop jru

first_imgMOST READ Nonito Donaire vs Naoya Inoue is BWAA 2019 Fight of the Year Ricci Rivero participates in Gilas practice Mike Nzeusseu paced Zark’s-Lyceum, which rose to4-1, with 27 points and 11 rebounds while reigning NCAA Most Valuable Player CJ Perez added 18 points.“Wangs wanted to win as badly,” said coach Topex Robinson as he took responsibility for the near-collapse. “I wanted to give others a chance to play and it almost turned into a loss.”FEATURED STORIESSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkLater, Prince Eze recorded a rare triple-double to power Perpetual Help to an 88-72 rout of Jose Rizal University.Eze dominated with 24 points, 20 rebounds and a record-setting 11 blocks to become just the fifth player in D-League history to achieve the feat. Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award LATEST STORIES Newsome sets focus on helping Bolts open new PBA season on right track OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson Don’t miss out on the latest news and information. Almazan vows to comeback stronger after finals heartbreakcenter_img Jiro Manio arrested for stabbing man in Marikina The Altas halted the Bombers’ two-game run to tie their victims at 2-1. —RANDOLPH B. LEONGSON, INQUIRER.NETSports Related Videospowered by AdSparcRead Next Nueva Ecija warehouse making fake cigarettes raided, 29 Chinese workers nabbed Zark’s Burger-Lyceum overcame a late challenge by Wangs Basketball-Letran to escape with a 95-93 win and its fourth straight victory in the 2018 PBA D-League Aspirants’ Cup Monday at Pasig Sports Center.Jaycee Marcelino scored the deciding basket with 1:03, nailing a floater off an assist from MJ Ayaay.The Jawbreakers’ defense stood its ground in the return play, thwarting numerous attempts from the Couriers, the last of which was a fadeaway from Bonbon Batiller.ADVERTISEMENT Michael Porter Jr. stays patient as playing time increases Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson View commentslast_img read more

More confusion from Jordan

first_imgDear Editor,I have written about the quicksilver nature of this Government with regard to vitally important economic decisions which have had negative effects on our country, and the fact that our citizens will continue to suffer the ripple effects of those decisions for generations to come.The media reported in an article under a caption which reads ‘$15 billion to Reopen Estates’ that “Gov’t seeks funds to restart operations at Skeldon and Enmore”, according to Finance Minister Winston Jordan.Now, after many criticisms from the public, the Finance Minister has changed his tune, not unlike the US$18 million signing bonus. An official from the Ministry of Finance has stated, “I can confirm to you that the Minister was misunderstood. The finance being sourced is for the operations of GuySuCo and its three estates — Albion, Blairmont and Uitvlugt; it has nothing to do with the four closed estates. This is being handled separately”.If this is so, then how come the SPU is involved in the negotiations of the $15 billion loan from the commercial banks? The SPU is involved in the preparation for sale, and the sale of the closed Estates, and NOT the operational Estates. The closed estates are separate entities. Albion, Blairmont and Uitvlugt are still being run by GuySuCo, and not NICIL! Something is definitely fishy here!Furthermore, Minister Jordan was reported to have said that the revenue from the sale of the estates and land will be used to repay the proposed $15 billion loan within 3-5 years. He stressed that, “This will be a government debt, so that when we get a buyer, we will service the debt”.When this is evaluated from the statement made by the same minister — that there is a new model of operation which will make GuySuCo more ‘cost efficient,’ and therefore profitable — it leaves us in a quandary as to the real reason for the requirement of the proposed loan to finance existing operations at the three estates. Why not use this ‘model’ on the three estates being operated by GuySuCo?I still do feel that another lie will be forthcoming in regard to the financing of the closed estate, to facilitate ‘miniature operations’ and to avoid the ‘moth balling process’!It is also reported that 30,000 tons of canes will be harvested at Enmore to produce sugar for DDL. Let us do a simple calculation about the revenue factor. At a TC/TS of 15, it means that 1200 tons of molasses will be produced with 2000 tons of sugar. This should bring in an approximate income of $19.5 million from molasses and $212 million from sugar sales at US$500 per ton, a total income of $231.5 million. However, if all the canes are utilized for molasses purpose only, then approximately 4500 tons of molasses will be produced at a local market value of $73.3 million, and a loss of approximately $158.2 million will result!How will this bring profits to GuySuCo? In addition, we need to be given some estimates and some hard facts by the Minister of Finance how the injection of $15 billion will result in profits? Or is this a ‘figment of his imagination’?We have been exposed to ‘voodoo economics’ by this Coalition Government for too long!Yours sincerely,Haseef YusufRDC Councillor– Region 6last_img read more