Almost there

first_imgLa Salle won a sixth straight game and remained in the lead. With two games to go, it has the inside track on one of two twice-to-beat berths after dealing UST a ninth loss in 13 games.Team captain Kim Kiana Dy scored 12 points for La Salle, which went on a team-building activity during the Lenten break.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crown“We really bonded as a team and we got to know each other better,” said Dy. “And it has an effect [for us] on the court.”Dy said La Salle “is still not yet 100 percent, we need to improve on many aspects of the game and be more aggressive.” Don’t miss out on the latest news and information. To seal a twice-to-beat edge, La Salle must win at least one of its two remaining games—against Adamson and archrival Ateneo.National U finally won in the second round when also-ran UE came up with an uninspired effort.“It was a big relief that finally we got over the losing streak,” said Jaja Santiago who delivered 22 points in the Lady Bulldogs’ seventh win in 13 games.NU led the first round with a 6-1 record only to go on a tailspin in the second round.The win also allowed the Lady Bulldogs to stay in fourth spot, which they can seal with a win over Far Eastern University when they end their classification assignment.ADVERTISEMENT San Miguel Beer-Alab sets semis date vs HK Otherwise, Adamson can force a playoff if the Lady Falcons prevail over the Lady Spikers.Sports Related Videospowered by AdSparcRead Next Nadine Lustre’s phone stolen in Brazil View comments Green group flags ‘overkill’ use of plastic banderitas in Manila Sto. Niño feast Truck driver killed in Davao del Sur road accident P16.5-M worth of aid provided for Taal Volcano eruption victims — NDRRMC Christian Standhardinger wins PBA Best Player award PLAY LIST 01:13Christian Standhardinger wins PBA Best Player award00:50Trending Articles00:50Trending Articles02:14Carpio 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 Taal Scientists seek rare species survivors amid Australia flames LATEST STORIES Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew La Salle added to listless University of Santo Tomas’ woes on Sunday night after a straight sets win, and the powerhouse defending champion Lady Archers could prove too much to handle for anyone in the Final Four after zeroing in on a twice-to-beat edge in the UAAP women’s volleyball tournament.The Lady Spikers pounded out a 25-23, 25-23, 25-22 victory over the Tigresses at Filoil Flying V Centre to rise to 10-2 even as the National U Lady Bulldogs snapped a five-game slide after a 26-24, 26-24, 25-20 win over the University of the East Lady Warriors earlier.ADVERTISEMENT Judy Ann’s 1st project for 2020 is giving her a ‘stomachache’ Jo Koy draws ire for cutting through Cebu City traffic with ‘wang-wang’ Jiro Manio arrested for stabbing man in Marikina MOST READlast_img read more

Private Sector demands formal spending plan for oil money

first_imgGuyana’s private sector representative bodies want Government to open up and tell the nation precisely how it intends to use its earnings from the imminent oil inflows in 2020.This was the view expressed by President of the Georgetown Chambers ofPresident of the Georgetown Chambers of Commerce and Industry, Deodat IndarCommerce and Industry (GCCI), Deodat Indar, during a brief interaction with journalists on the sidelines of a stakeholder engagement on Thursday at the Marriott Hotel.The GCCI president told journalists that the private sector umbrella body is in fact looking forward to a National Conversation on the issue.“We need to have a sit down just as we did with Local Content Policy…to ensure that the policy we have, the Guyanese people are part of that design,” according to the GCCI president.While expressing a level of optimism that this will in fact be the approach of Government, Indar noted that while he believes there are good intentions for the industry, there are still a number of issues to be addressed.He said the approach with regard the development of a Local Content Policy is welcomed, but there are also a host of other issues that need to be addressed ahead of oil production in 2020.He drew specific reference to the finalisation of the Petroleum Laws and the establishment of the long awaited Sovereign Wealth Fund, in addition to a well-thought-out programme or policy for the spending of the oil revenues.“Most importantly, we need to have some document, some policy, to say what we doing with the money that we receive from Exxon(Mobil)” Indar said.“Where are we going to spend this money? …we need to go into more details where we spend the money for capacity development in Guyana,” he posited.He was adamant there is a dire need for the capacity building of national institutions in addition to the massive upgrade of services, including in the security, infrastructure, health, education and security fronts.Public consultationsAs it relates to establishment of the Sovereign Wealth Fund, substantive Minister Raphael Trotman had earlier in the year committed to public consultations with regard to the money to be set aside from the revenues earned from the country’s extractive industry, including the emerging oil and gas sector. To date, no such consultation has obtained.At the time, Minister Trotman had told stakeholders during a consultation exercise on the petroleum laws, “It’s hopefully not necessarily going to be passed this year into Act, but the intention is that, later this year, it will be brought to the public for examination, scrutiny, and improvement.”According to a missive released earlier this year by the Government’s Department of Public Information, a Sovereign Wealth Fund is envisioned to be a state-owned investment fund that is made up of surpluses from official foreign currency operations, proceeds of privatisations, governmental transfer payments, fiscal surpluses, and/or receipts resulting from resource exports.These sums of money can be used for investment purposes, to benefit the country’s economy and citizens.Guyana’s SWF Bill was drafted by the Commonwealth Secretariat with input from the Government, and was presented to the minister last December, according to that department.Trotman had announced that the proposed Bill to give effect to the fund is fashioned after international model, namely Norway.Trotman had recently told the National Assembly that it is the Minister of Finance, Winston Jordan, who will be formally presenting the proposed Bill to the National Assembly.The National Assembly will emerge from its annual recess next month, at which time the 65 Member legislative arm of Government will resume working.last_img read more