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201
Market & Economic Trends / BP to Sell Oil Fields to Japanese Company
« on: October 25, 2010, 08:33:28 PM »
BP has said it will sell four Gulf of Mexico oil fields to Japanese company Marubeni as part of its asset sale to help pay for the oil spill there.

The deal, which is subject to regulatory approval, is expected to raise $650m (£413m).

BP is in the process of selling assets worth up to $30bn to meet clean-up and compensation costs.

Last week, the company announced it would sell business interests in Vietnam and Venezuela for $1.8bn.

BP has owned the four fields for less than a year. It bought them from Devon Energy alongside other assets in the Gulf of Mexico, Brazil and Azerbaijan.

Andy Hopwood, a BP executive, said: "When BP acquired Devon's Gulf of Mexico assets, it was clear that these four fields did not fit well with the rest of our business in the region." - BBC

202
Real Estate Property / Building For Sale in Pasig
« on: October 25, 2010, 05:20:03 PM »
Building For Sale in Pasig
2 Storey Office Building
Ideal for BPO Operation or Call Center
Lot Area: 822 square meters
Floor Area: 794 sq m
Address: 1919 Amang Rodriguez, Rosario, Pasig City
For Inquiries: 0918-927-8708

203
USA and Canada / Man was electrocuted and his wife
« on: October 25, 2010, 11:17:14 AM »
A man was electrocuted and his wife seriously burned while allegedly trying to steal copper wiring from an electrical vault in South Gate, Los Angeles, authorities said on Sunday.

Jose Fernando Santillanes, 36, was killed at 4:14 p.m. Saturday when he triggered an explosion and flash fire on a vacant lot, South Gate police Lt. Keith Hupp said.

Maria Cortez, 33, who was severely burned while trying to pull the man off the current, was in critical condition at Grossman Burn Center, Hupp said.

"It was a pretty ugly scene," Hupp added.

The couple's two children were turned over to an aunt while their mother was fighting for her life, said Hupp.

The blast also caused an electrical outage in the immediate area, but service was restored to most customers within a few hours. (PNA/Xinhua)

204
Fanhouse: If Manny defeats Antonio Margarito impressively and told you that the ride was over and that he was ready to go into politics, would you advise him to go ahead and do so even though he still might be considered to be at the top of his game?

Freddie Roach: I would tell him to call it a day. I believe that if that's where his heart is, then that's where it is. You know, if he beats Antonio Margarito, it would be his eighth world title and what more would he have to accomplish? - Boxing FanHouse.com

205
Boxing and Boxers / Margarito is not one bit intimidated by Pacquiao
« on: October 25, 2010, 11:02:56 AM »
By Brad Cooney, Examiner.com

Seven division world champion Manny Pacquiao touched down in Los Angeles last night and for his team and his fans it couldn't be soon enough.  Pacquiao has been training in the Philippines and from all reports, it has not been one of his best camps.  Coach Roach is certainly glad to be back and looks forward to a super focused two weeks before the team packs up and heads to Las Vegas.  This writer has been in Los Angeles for a few days now, and will talk to Roach tomorrow sometime.

In the meantime, Pacquiao opponent Antonio Margarito has been in full swing over in Oxnard, California.  I have been granted exclusive access to the Margarito camp starting on Monday, so look for up close and personal reporting from there.  Margarito is not one bit intimidated by Pacquiao, and from all accounts and reports out of his camp he very much believes that he will shock the world and come out victorious.

206
BY JOSEF T. RAMOS CORRESPONDENT

Mexican Antonio Margarito would definitely “fall like a tall tree” when he receives the rapid solid punches of world’s pound-for-pound king Manny Pacquiao in their scheduled 12-round bout, according to American trainer Freddie Roach.

Roach said Pacquiao (51-3-2 win-loss-draw with 38 knockouts) could finish Margarito so fast in round six rounds.

“We’ll keep him a little more active and a little more focused,” said Roach, noting that Pacquiao has improved a lot since the first day he started training late September. “Speed, as what I’m telling everyday, is the key to off set Margarito’s height and reach advantage.”

Roach is confident that Pacquiao will devastate Margarito with strong massive punches which he never experienced before. Pacquiao will be training away from everything not related to boxing by closing down his gym to keep the outsiders away.

207
Boxing and Boxers / No More Basketball for Manny Pacquiao
« on: October 25, 2010, 10:48:52 AM »
No more basketball. No more road trips. No more appointments.

For the next two weeks, it will all be boxing, boxing and boxing for Manny Pacquiao.

The Filipino superstar arrived in Los Angeles yesterday morning (Manila time) and starting today will train harder than ever, from early morning to mid-afternoon, in preparation for his Nov. 13 showdown with Antonio Margarito.

Before boarding the plane to LA, Pacquiao said he’s 90 percent ready for the fight but wished that he could work more on his speed.

He’ll have two weeks to do that at the Wild Card Gym which will be closed down from noon until 5 p.m. to enable Pacquiao to concentrate on his training. Only those with business of being there will be allowed in.

And by the time they head for Texas on Nov. 8, Monday of fight week, Pacquiao should be in his sharpest form as he climbs the ring to face an opponent bigger than anyone he’d faced and beaten before. - Abac Cordero, Philippine Star

208
Ok, according to Bob Arum Manny Pacquiao is guaranteed $15 million with a $10 million upside? Antonio Margarito is guaranteed $3 million with a $5 million upside? What is wrong with this picture. Why are they making so much money for what most people are calling a tune-up fight? Is Bob Arum the Don King of boxing now? Nobody ever ever talks about how much the Promoter makes.

Why is that? More than likely because they are making such a nice profit off of these fighters that it would bring shame to them. I don't even think that the fighters know how much the promoters make. Their will be no complaints from Goldenboy Promotions because he still get's his share of Manny Pacquiao's purse. From Clottey to Margarito are the fans really getting their money's worth with the high price of PPV. -full article at http://www.boxingsocialist.com/profiles/blogs/should-manny-pacquiao-make-25

209
Boxing and Boxers / Manny Pacquiao is Like Henry Armstrong?
« on: October 25, 2010, 10:44:56 AM »
Russ Anber, one of Canada’s high prolific boxing analyst, trainer, and premier cutman, once likened Manny Pacquiao to Henry “Homicide Hank” Armstrong. Armstrong is regarded as one of the top three greatest boxers of all time, along with Muhammad Ali and Sugar Ray Robinson, no doubt an elite company.

Anber mentioned that Pacquiao is this generation’s version to the man known as Homicide Hank, owner of 149 victories, 101 of which are knockouts, against 21 losses and 10 draws. While it is impossible for Pacquiao to emulate the number of bouts Armstrong did, both men have racked up the scales and dominating over the best in each division they step into. - filipinoboxingjournal.com

210
Boxing and Boxers / Manny Pacquiao has left for the US
« on: October 25, 2010, 10:36:21 AM »
By ABS-CBN
Boxing champion Manny Pacquiao has left for the US on Saturday night for a “more focused” training in Los Angeles with 3 weeks to go before his world super welterweight title clash against Antonio Margarito.

The “Fighter of the Decade” will be toiling for two weeks at coach Freddie Roach’s Wild Card Gym then spend a final week of training in Texas, where the November 13 fight will take place.

“He knows that when we get to LA, it's gonna be a different ball game. There are no excuses there are no outside distractions no appointments,” said Pacquiao’s conditioning coach Alex Ariza.

“We're three weeks away, we still have a lot of time,” he added.

In LA, Pacquiao plans to perfect the optimum speed he’ll need to offset Margarito’s height and reach advantage.

He was accompanied to the airport by his family, namely his wife Jinkee and youngest child, Princess. His brother Bobby was also there to wish him luck.

“Gagawin namin lahat para manalo,” said Pacquiao, who also serves as Sarangani congressman. “Training everyday pa rin sa LA.” (We'll do everything to win... training everyday in LA).

211
Boxing and Boxers / San Diego California Declares "Manny Pacquiao Day"
« on: October 25, 2010, 10:22:45 AM »
San Diego City Councilmen Carl DeMaio and Tony Young are scheduled to present a proclamation to boxer Manny Pacquiao today, declaring it Manny "Pacman" Pacquiao Day in San Diego.

The proclamation will be presented during a charitable basketball game at Mira Mesa High School

Pacquiao, who is also a newly elected congressman in the Philippines, is being recognized for his humanitarian and charitable efforts within the Filipino community.

"We are honored to have Congressman Pacquiao visit San Diego," Young said in a statement. "His great humanitarian and civic efforts are internationally renowned and we applaud his efforts here in the city of San Diego." - source: 10news.com

212
Boxing and Boxers / Amir Khan Gives Up Jogging with Manny Pacquiao
« on: October 25, 2010, 10:09:02 AM »
By PDI

MANNY PACQUIAO picked up the pace of his training regimen in Baguio Friday by jogging uphill for about 45 minutes, forcing running mate and WBA light welterweight champion Amir Khan to take a ride and join him only on flat grounds.
 
Michael Konz, Pacquiao’s adviser, said Khan’s condition was understandable because it was only his first day of training, but conditioning coach Alex Ariza said “having Khan next to Manny (while training) gives the world pound-for-pound king extra motivation.”
 
Pacquiao is in the midst of a hectic preparation for his WBC super welterweight title fight against Antonio Margarito on Nov. 13 in Arlington, Texas, while the British champ is just beginning to train for his Dec. 11 clash against Marcos Maidana of Argentina.
 
Koncz said that Pacquiao, who had rested for a couple of days due to a slight cold, had six rounds of sparring on Thursday.
 
Pacquiao, according to Koncz, showed the form trainer Freddie Roach wanted to see when he ripped the punch mitts for 14 rounds and then went through the other regular aspects of his training regimen.

213
Boxing and Boxers / Manny Pacquiao Not Serious and Focused in Training
« on: October 25, 2010, 10:06:45 AM »
PDI: Manny Pacquiao rocked both Amir Khan and Michael Medina in his final sparring session at the Johhny Elorde Gym in Quezon City yesterday, but still failed to impress trainer Freddie Roach.

Roach was evidently looking for something from the pound-for-pound king, and wanted Pacquiao to be more serious, active and focused.

“We didn’t have a great day of sparring today but he looked good in spots when he wanted to,” Roach told the Inquirer after Pacquiao went three rounds with Medina, took on WBA light welterweight champion  Khan over four rounds and had Medina return for another three rounds.

“He [Pacquiao] played a little bit too much,” Roach said. “He needs to get his game face and try and get a little more serious, and I expect that to happen in the last week in Los Angeles.”

The fact that Pacquiao went 10 rounds with two well-rested sparring partners proved to Roach that “his condition is no problem at all.” “We need to see him a little more active and a little more focused,” the trainer said.

214
LGU Philippines / 2010 The Last SK Election in the Philippines
« on: October 25, 2010, 10:01:41 AM »
Philippine Daily Inquirer

The Sangguniang Kabataan (SK, Youth Council) elections on Monday may be the country’s last if senators will have their way.

They claim that these youth councils have become a drain on government resources and a breeding ground for bad politics.

Senate President Juan Ponce Enrile and Sen. Edgardo Angara said Congress would push for the “removal” of the SK after Monday’s elections.

“Having too many elections is costly. Let’s economize. The President wanted to continue with the elections but there was a consensus to synchronize it afterwards, including removal of SK elections,” Enrile said on dzBB’s Nimfa Rogado.

Enrile pointed out that youth leaders were introduced to illicit political activities through the SK based on controversies hounding the youth councils.

Angara said the SK leaders could be “folded into” the barangay council which will have youth representatives.

“This way we can do away with having a separate election for SK leaders and save money,” he said.

Enrile said a number of local government leaders had suggested that the SK be abolished and replaced by youth representatives elected in the provincial, city and municipal boards.

Enrile has taken the idea further by suggesting that barangay elections be abolished with the mayors tasked with designating their own leaders for each barangay. - PDI

215
Cars and Automotive / Brake Fluid Problem of Toyota and Honda
« on: October 25, 2010, 09:52:38 AM »
Japan's Toyota Motor Corp. and Honda Motor Co. are set to recall some 4,000 vehicles in South Korea for possible leaks of brake fluid that may lead to a failure of a vehicle's braking system, market sources said Monday.

The voluntary move comes as the automakers have already been ordered to recall their vehicles sold in other parts of the world for the same problem, they said.

According to Toyota Korea, the affected vehicles are about 3,400 units of Lexus GS 330, RX 330 and IS 200 models produced between May 2002 and March 2006.

Honda Korea is also expected to recall some 590 units of its luxury passenger vehicle Legend that were manufactured between September 2004 and February 2007.

The vehicles to be recalled are said to have the same faulty brake parts from a single supplier.

"The problem is caused by a loss of brake fluid from the brake master cylinder, which could lead to a failure of the braking system," a market observer said.

No related accidents have yet been reported in South Korea. Both Toyota and Honda were expected to notify the transportation ministry later Monday of their decision to voluntarily recall the subject vehicles.(PNA/Yonhap)

216
Davao City Vice Mayor Rodrigo Duterte has urged city residents who just finished their baccalaureate degrees to go back to school to hone their English proficiency.

Speaking in the Sunday’s public affairs program “Gikan sa Masa Para sa Masa,” Duterte said English proficiency is an asset that ensures anyone employment in call centers, one of the job generator sectors in the city for the next two years.

Duterte said working in a call center needs good facility on the English language, which local residents need to keep up in order to get employed.

“They just need to improve their grammar and pronunciation and It will be easier for them to get employed. It is important that you can understand,” he said.

Duterte observed that it is easier for Davaoenos to adapt the English language to express themselves.

He said it only needs for local applicants to fine tune their voice, grammar and diction in order to qualify for the job.

Duterte projected that with the opening of two more malls in the city, around 20,000 jobs will be available for the city residents in the next two years.

“There is a better prospect for employment for the next two to three years in the city,” he said. (PNA)

217
Philippine Provinces / Cebu City Anti-Indecency Board (Caib)
« on: October 25, 2010, 07:21:11 AM »
The Cebu City Anti-Indecency Board (Caib) destroyed 6,750 pornographic DVDs worth P300,000 at City Hall.

Caib chairperson Dr. Lucille Mercado said the DVDs were seized in a raid last Thursday at the old Vision Theatre in the city's downtown area.

Mercado said the raid should serve as a warning to all transient vendors that the City Government is serious in freeing the city of obscene materials.

”We hope this will penetrate their brains that the City Government is serious in cleaning up the streets of pornographic videos because it is very rampant and spread very openly,” she said.

Mercado said she seeks to penalize stallholders and owners selling pornographic videos. This will include vendors without business permits.

“We will fine them P5,000. They don’t feel it if there’s no fine,” she said.

Mercado said she will discuss the matter with the City Treasurer’s Office.

Mercado urged the public, especially adults, not to patronize smut or pornographic movies.

She said adults who are not careful might expose children to the pornographic materials.

”The people should be vigilant and they have to be the one to report to us,” she said.

Cebu City Mayor Michael Rama wants the operations of Caib to continue, saying pornography violates decency and morality.

218
Philippine Daily News / Bulacan Alcohol Banned
« on: October 25, 2010, 12:07:48 AM »
The dazzle of dancing colorful lights at different beer gardens and night clubs in the so-called “red light district” of the province has been momentarily “switched off” after Saturday midnight as police and elections officials started enforcing the liquor ban in connection with Monday’s Barangay and Sanguniang Kabataan elections.

Bulacan police director Sr. Supt. Fernando Villanueva said police teams and election officials led by provincial election supervisor Sabino Mejarito has been making rounds of different nightspots here and in nearby Marilao town to ensure that the implementation of the liquor ban is strictly observed.

Villanueva said starting Sunday and up to Monday, no selling of liquors will be allowed on public places like the different beer gardens and nightspots located in this town and in other areas in the province.

“We are strictly enforcing the liquor ban as well as the total gun ban policy of the Comelec to ensure that the conduct of Monday’s election will peaceful and orderly,” Villanueva said.

He said police teams, in coordination with local election officials, are also manning Comelec-designated checkpoints in strategic areas along major thoroughfares in Bulacan as part of the peacekeeping strategies to ensure the conduct of an honest, orderly and peaceful elections.

Bocaue police chief Supt. Ronaldo de Jesus said Mejarito has talked and reminded owners of beer gardens and nightclubs on the enforcement of the liquor ban (PNA)

219
Philippine Provinces / Brownout in Cebu
« on: October 25, 2010, 12:04:15 AM »
Power outages in Cebu are expected to continue as the Cebu-Negros-Panay grid expected a shortage of 230 megawatts, a power utility official said.

”There was an expected shortage from the Cebu-Negros-Panay grid of 230 megawatts (mw) due to limited generation in the Visayas and no power import from Luzon,” said Ethel Natera, Visayan Electric Co. (Veco) spokesperson.

She said the maintenance work on the Luzon-Visayas link or the High Voltage Direct Current, which is owned and operated by the National Grid Corp. of the Philippines, continued over the weekend.

But with only a day before the barangay and Sangguniang Kabataan elections, Department of Energy-Visayas Director Labios, in a radio dyLA interview, said he can’t assure there will be no brownouts on Monday.

However, he hopes there won’t be a shortage as it is a special non-working holiday.

As of Friday, the Pilinpinon Geothermal Power Plant which generates 35 mw was still down.

Natera said Veco, which services residents in metro Cebu, was able to distribute power form independent power producers and Participating Interruptible Load Customers (PICs).

The PICs are Veco customers that use their own generators instead of getting power from the utility firm.

The two-hour power interruptions in the Veco franchise areas or Manual Load Dropping were caused by a shortfall of 41.32 mw as of the 2:20 p.m. demand computation on Friday.

220
LGU Philippines / New General Manager of Mactan Airport
« on: October 25, 2010, 12:01:04 AM »
Cebu Gov. Gwendolyn Garcia has welcomed the appointment of Cebu City Planning and Development Office Chief Nigel Paul Villarete as the new Mactan airport general manager.

Garcia, a member of the Mactan-Cebu International Airport Authority (MCIAA) board, said she never questioned Villarete.

Villarete was appointed as general manager of MCIAA in a special meeting held in Manila last Oct. 20, while Garcia was in China for an official trip.

”Let’s not put a spin to whatever I said. I only called for the right process to be followed just like what the people (Cebuanos) expected me to do,” Garcia said.

She said she never said anything against Villarete.

She also never mentioned a specific name or applicant whom she endorsed.

”I don’t want my action to be affected or influenced because of a bias for a particular person. My bias is for Cebu because that is what we deserve, only the best. That is what I continue to advocate, nothing but the best,” Garcia said.

She said all she asked was for the new general manager to be qualified since they are dealing with a multi-billion-peso facility.

Garcia said even if she was not around in the special election of the new general manager of MCIAA, she respected the collective decision of the members of the board who were present that day.

She said, however, that outgoing airport manager Danilo Francia is a tough act to follow.

It is going to be a challenge for the next general manager to sustain what has been achieved.

Garcia said Francia is an admirable manager.

It was seen in the increase in international and chartered flights and over P1 billion in revenues during his term.

Of the four applicants, Villarete was endorsed by President Benigno Aquino lll, who wrote the MCIAA board a letter last Sept. 15 expressing his “desire” to have Villarete selected. (PNA)

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