Pacquiao falls short, Mayweather still undefeated

 Entertainment
May 032015
 
Pacquiao falls short, Mayweather still undefeated

Rod Mijares SportsWriter Balita Media Manny Pacquiao throws a punch but doesn’t his target as he fails to beat Floyd Mayweather, Jr. during their welterweight WBO, WBC and WBA (Super) title fight in Las Vegas, Nevada. (MNS Photo) May 2, 2015: The fight finally concluded. The result was expected. Boxing analysts were right. Mayweather won by a unanimous decision and still clings to his unblemished record that now stands at 48-0 after defeating Manny “Pacman” Pacquiao (57-6-2, 38KO) in a tactical fashion and unified the world welterweight championship titles and captured WBC’s handcrafted emerald belt. Judge Glenn Feldman and Judge Burt Clements have identical scores of 116-112 in favor of Mayweather winning all rounds except round 4, 6, 9 and 10. Whereas, Judge Dave Moretti scored it 118-110 with Pacquiao only winning round 4 and 6. The fight of the century did not live up to the hype leading to the match. Mayweather did what was expected of him, did what he normally does, jabbing, counter-punching, clinching, dancing and running away when an opponent was getting the upper-hand. “He was moving around too much, it wasn’t easy throwing punches at him. If he would ‘ve stayed in one place then I could’ve thrown punches. I was cutting him and countering. I wanted to fight,” Pacquiao said. Pacquiao’s preparation for three months and strategy formulated with Coach Roach were not enough to win the fight. He was simply out-smarted, out-boxed and out-played by Mayweather. “I knew he was going to push Read More …

Gross Premium Valuation and the new standards for life insurance reserves

 Economy
May 032015
 

In August 2013, President Benigno S. C. Aquino III signed into law Republic Act No. 10607, otherwise known as “The Amended Insurance Code,” which revised the 1978 Insurance Code and brought it up to date with the current business environment. The Amended Code introduced a number of significant changes, one of which is the change in the valuation of the life insurance companies’ policy liabilities, which under Section 216, should be prescribed by the Commissioner of the Insurance Commission (IC) in accordance with internationally accepted actuarial standards. On Oct. 30, 2014, the IC issued Circular Letter No. 2014-42-A, “Valuation for Life Insurance Policy Reserves,” pursuant to which life insurance companies and mutual benefit associations will be changing the basis of valuation of their life insurance reserves from Net Premium Valuation (NPV) to Gross Premium Valuation (GPV).

Aquino: Govt responding to labor sector’s needs

 Entertainment
May 022015
 
Aquino: Govt responding to labor sector’s needs

President Benigno S. Aquino III unveils the new Mill Facility Marker during the inauguration of CEMEX Philippines at the Cement Mills-3 area of the APO Cement Plant in Barangay Tina-an, City of Naga, Cebu on Friday (May 01). The expansion project had for its theme: “Building a Better Future.” Also in photo are CEMEX Philippines president Pedro Jose Palomino, DTI Secretary Gregory Domingo, Cebu Gov. Hilario Davide III and Interior Secretary Manuel Roxas III. (MNS photo) MANILA, May 1 (Mabuhay) – President Benigno Aquino III pledged on Labor Day to listen to and build stronger ties with the labor sector. In his Labor Day message, Aquino said his administration is exerting efforts to respond to the needs of the workforce. “Pinapanday natin ang higit na matatag na ugnayan sa puwersang manggagawa upang mapakinggan ang kanilang saloobin at mabigyan ito ng karampatang aksyon,” Aquino said. In particular, the President particularly said the government is making sure that all Filipinos are equipped to pursue jobs that will help them succeed. “Pangunahin sa adhikaing ito ang siguruhing ligtas at may kakayahan ang ating kababayan na magtagumpay sa buhay,” Aquino said. “Saan mang sulok ng mundo sila naroroon, sinisikap tugunan ng pamahalaan ang kanilang mga pangangailangan, lalo na sa larangan ng edukasyon, pagsasanay, at agarang ayuda,” he added. He also said there are “more opportunities” now in the country, boasting once again of the improving economy. At the same time, President Aquino called on stakeholders to help the government create a “fair market” that Read More …

MGM hosts biggest party on the eve of the super bowl boxing

 Entertainment
May 022015
 
MGM hosts biggest party on the eve of the super bowl boxing

Manny Pacquiao weighs in at 145 lbs while Floyd Mayweather at 146. The two will face each other Saturday at MGM Grand Garden Arena in Las Vegas. Photo: Benny Uy MGM Grand Garden Arena was filled to capacity of 12,000 boxing fans or more or less coming from all over America, the Philippines and all over the world to witness the official weigh-in of the two boxing titans, American boxing icon, Floyd “Money” Mayweather, Jr. and Filipino boxing idol Manny “Pacman” Pacquaio. Added to the attendance was almost a thousand members of the media corps who filled up the ring floor and a part of the concourse section. Fans dole out $10.00 each to witness and see in person the two greatest boxers of this decade who will be fighting for the unified welterweight championships of the world and be part of one of the greatest sporting spectacles that will happen the next day, May 2nd. First in the history of boxing that any boxing event will charge the fans to see the boxers weigh-in for the fight. This has a two-sided purpose. First is for crowd control and the second is to benefit the two charities of choice by Mayweather and by Pacquiao. Half of the proceeds will go to the Susan G. Komen for the Cure foundation, a breast cancer charity Mayweather has supported through the years. The other half of the proceeds will go to the Cleveland Clinic Lou Ruvo Center for Brain Health, Pacquiao’s choice. The Read More …

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