09 APRIL 2019 - Copy

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51.00 52.00 53.00 54.00 55.00 PESO-DOLLAR RATES 8 APRIL 2019 52.14 25700 25200 24700 24200 DOW JONES 8 APRIL 2019 40.36 7900 7700 STOCK MARKET 7500 7300 42.45 8 APRIL 2019 8 APRIL 2019 INDEX SUMMARY INDEX VALUE CHANGE % CHANGE PSEi 7,915.63 42.45 0.54 ▲ All Shares 4,866.96 19.97 0.41 ▲ Financials 1,739.80 -2.37 -0.14 ▼ Industrial 11,739.80 75.45 0.64 ▲ Holding Firms 7,772.96 40.10 0.52 ▲ Services 1,613.97 22.50 1.41 ▲ Mining and Oil 7,715.64 -18.65 -0.24 ▼ Property 4,092.98 17.91 0.44 ▲ 12 BUSINESS Nissan sacks Ghosn Nissan CEO Hiroto Saikawa and other top executives opened the meeting by offering a deep bow to thousands of shareholders TOKYO — Nissan shareholders voted Monday to eject Carlos Ghosn from the board, as the detained former chairman fights multiple financial misconduct charges that have landed him in custody. The extraordinary shareholders’ meeting at a Tokyo hotel was the first such gathering since the stunning arrest of the 65-year-old auto sector titan on 19 November. And its vote to remove Ghosn brings an end to the auto tycoon’s storied tenure at the firm, which he was once credited with having rescued. The meeting also saw shareholders vote to remove Greg Kelly, a US executive who served as Ghosn’s right-hand man and who also faces charges in Japan, and approve a motion to replace Ghosn with Renault chairman Jean-Dominique Senard. Nissan sacked Ghosn as chairman almost immediately after his initial arrest but an extraordinary meeting of shareholders was required to remove him from the board. Nissan CEO Hiroto Saikawa and other top executives opened the meeting by offering a deep bow to thousands of shareholders. Saikawa outlined the allegations against his former mentor, accusing him of misusing funds and seeking to conceal his compensation. “Nissan expresses its deepest regret for THE Home Development Mutual Fund or Pag-IBIG Fund has tasked the wealth management unit of the Bank of the Philippine Islands to grow a pool of funds worth P1 billion. Four other asset management firms were similarly tasked. A NISSAN Motor employee prepares signage to guide arriving shareholders ahead of the company's extraordinary shareholders' meeting at a hotel in Tokyo. Nissan shareholders ejected Carlos Ghosn from its board as the detained former chairman fights multiple charges of financial misconduct that have landed him in custody. AFP any concern caused by the misconduct to our shareholders,” he said. “We have to admit that there was a significant problem with our corporate governance,” he added, saying he had been “extremely shocked” when he learned of the misconduct. Nearly 4,200 shareholders attended the meeting, with many taking the chance of a question-and-answer session to slam Ghosn but also raise concerns about how the scandal was allowed to occur. “Nissan’s governance isn’t working well. I really regret that,” 77-year-old shareholder Isamu Beppu told AFP before the meeting. “If there is no rebuilding of its governance, there will be no revival,” he added. Ghosn faces three separate charges. The first two relate to the alleged deferring of around $80 million in income and concealing this in official documents to shareholders. AFP The Home Development Mutual Fund (Pag-IBIG Fund) tapped BPI Asset Management and Trust Corporation (AMTC) to manage P1 billion of its funds, which is part of a P5billion portfolio it has outsourced to fund managers for the first time. Pag-IBIG Fund, after a rigorous bidding process, awarded BPI AMTC P1 billion to manage for the government firm over a period of five years. “We are grateful for Pag-IBIG Fund’s trust in BPI AMTC. Through this partnership, we get the chance to further contribute to nation-building by looking after these funds that are used to help Filipinos realize their dreams of having their own homes,” said BPI AMTC president Shiela Tan. The agency also awarded four other local equity fund managers with P1 billion each. For a period of five years, BPI AMTC will invest in Philippine equities and seize opportunities in the growing equities market fueled by domestic consumption, especially this year when elections are expected to give the economy an added boost. “Pag-IBIG Fund has been growing at an incredible pace. Last year, our total assets breached the half-trillion mark. With the sustained growth in our housing and savings program, we decided to bid out the Tuesday, 9 April 2019 Daily Tribune Over P1B booked via Cashacart Cashalo, the Filipino fintech company intent on accelerating financial inclusion in the Philippines, is seeing unprecedented growth with its O2O or offline-to-online basket financing solution, Cashacart, now available nationwide across a growing network of some 300 retail partner stores. Its roster of partners initially include Oppo, Cherry Mobile, Memoxpress, Robinsons Appliances and Robinsons Department stores. Loans start at P2,250 up to a maximum of P20,999. The first-of-its-kind solution in the Philippines allows consumers to access digital credit from as low as zero-percent for their specific shopping needs via the Cashalo app. This allows Filipinos to purchase multiple products or a basket of goods from a particular store. We’ve financed over P1 billion worth of products in just a few months, changing the lives of thousands of Filipinos. Launched just three months ago, Cashacart has received overwhelming support from consumers clamoring for the convenience and flexibility that the solution offers. September 2018 data by consulting firm Research and Tech Lab show that almost 70 percent of Filipinos still prefer traditional over online shopping. Cashacart caters to every consumer, from millennials to homemakers and young entrepreneurs, with a majority of its consumers experiencing the flexibility of installment loans for the first time. “We’ve financed over P1 billion worth of products in just a few months, changing the lives of thousands of Filipinos,” said Hamilton Angluben, general manager of Cashalo. “Our basket financing solution, Cashacart, is an industry first and continues to set the standard for innovation in offline retail consumer financing, giving millions of Filipinos access to the credit they deserve where they need it most.” Pag-IBIG picks BPI to manage P1B funds We trust that they will share in our goal to grow the fund and protect the interests and welfare of our more than 14 million members. management of our portfolio. We opened our doors to partners like BPI AMTC to manage part of our equity fund so that our members can benefit in their expertise. We trust that they will share in our goal to grow the Fund and protect the interests and welfare of our more than 14 million members,” said Pag-IBIG Fund chief executive officer Acmad Rizaldy Moti. BPI AMTC currently has P591 billion in assets under management. Its 32 unit investments trust funds serve a broad spectrum of investor risk profiles and strategies, and are invested in both local and offshore money market, fixed income and equity assets. The company has already received a number of awards, including Best Asset and Fund Manager in the Philippines for the fourth consecutive year in the 12th Annual Alpha Southeast Asia Best Financial Institution Awards and Best Managed Fund for Dollar Equity Fund for its BPI Global Equity Fund-of-Funds by the Chartered Financial Analyst Society of the Philippines. “We are motivated to do our best with the funds entrusted to us by Pag-IBIG Fund, knowing that we are part of a bigger advocacy to promote inclusive growth and greater financial inclusion,” Tan said. Pag-IBIG Fund remains to be one of the biggest government institutions in the country that address the basic needs of Filipinos through programs that make housing more accessible and affordable. CONSUMERS see the beauty of retail therapy. Lipsticks are seen against the background of a Tmall logo in China. CHINA DAILY
LLOYD POWERS U.S. TIES THAT OVERCOME TRIALS HELLBOY’S BACK THE HERO IN GEMMA P14 P16 P17 P20 Aldrin Cardona, Editor Tuesday, 9 April 2019 Daily Tribune SPORTS 13 Sunday’s Games (Monday in Manila) Toronto 117, Miami 109, OT San Antonio 112, Cleveland 90 Oklahoma City 132, Minnesota 126 Charlotte 104, Detroit 91 Brooklyn 108, Indiana 96 Dallas 129, Memphis 127, OT Houston 149, Phoenix 113 Milwaukee 115, Atlanta 107 New York 113, Washington 110 Orlando 116, Boston 108 Golden State 131, L.A. Clippers 104 New Orleans 133, Sacramento 129 Portland 115, Denver 108 L.A. Lakers 113, Utah 109 EASTERN CONFERENCE STEPHEN Curry of the Golden State Warriors reacts to the crowd during their game against the LA Clippers at the Oracle Arena in Oakland, California. WARRIORS EMERGE TOP SEED Best in the West Let me just say that for 47 years, Warriors fans have stuck with us through thick and thin OAKLAND, California — Steve Kerr would surely like to thank the loyal fans at Oracle Arena with another championship in June. “Hopefully we’ll have another send-off in a grander manner,” Kerr said. Soaking in the franchise’s nostalgia of yesteryear, Stephen Curry scored 27 points and helped the Golden State Warriors clinch the Western Conference’s top seed with a win in their final regular-season game at Oracle Arena, beating the Los Angeles Clippers, 131-104, on Sunday night for a fifth straight victory. Let’s be honest, most of those years have been a little thin. Kevin Durant added 16 points and seven assists, making six of seven field goals, as the Warriors opted to honor the past by sporting throwback white “We Believe” jerseys worn during the 2007 playoff run that snapped a 12-year postseason drought. “These jerseys hold a special place in Warriors’ fans hearts and this organization and the history of this organization,” Draymond Green said. Culver, Hunter brace for NBA You can do that MINNEAPOLIS — Jarrett Culver knew Texas Tech desperately needed him to make a big leap after a solid freshman year so he charged full-speed into an offseason determined to refine and expand every element of his game. De’Andre Hunter needed a little longer to do the same at Virginia, even by spending a year as a redshirt watching from the sidelines. Yet, here they are in Minneapolis, a pair of players who have blossomed into bona fide NBA prospects for teams a win away from becoming a first-time national champion. ZION Williamson of Duke dunks against North Carolina during the second half of an NCAA college basketball game in the Atlantic Coast Conference tournament in Charlotte, North Carolina in this file photo. AP Consider it proof — or maybe simply a needed reminder — that college players can still take a slightly longer path to becoming top-tier NBA prospects amid the college game’s starry-eyed infatuation with one-and-done talents. “You can do that,” Culver said Sunday, the day before his Red Raiders meet Hunter’s Cavaliers in the national-title game. “The one-and-dones, they’re very talented guys coming out of high school and they get looked at a lot. My route was just a little different. I don’t know how long I’ll be in college. I just know if you put the work in and set your goals, you can do whatever you set your mind to.” AFP CULVER A banner commemorating 47 years at Oracle was unveiled afterward and it will move across the bay to hang inside new Chase Center in San Francisco, where the Warriors will play next season. “Let me just say that for 47 years, Warriors fans have stuck with us through thick and thin,” Kerr told the crowd moments after the final buzzer, also thanking arena staff. “Let’s be honest, most of those years have been a little thin.” Landry Shamet scored 17 points with five threepointers for a Clippers team still missing Patrick Beverley because of a right hip pointer. Los Angeles dropped into a seventh-place tie with San Antonio in the West by losing its third straight. AP Zion bags ‘Naismith’ The 18-year-old Blue Devils phenom is only the third freshman to win the prestigious award LOS ANGELES — Duke University star Zion Williamson was honored with the Naismith Trophy Player of the Year award on Sunday after a dazzling freshman season in college basketball that is likely to make him the top pick in the NBA draft. The 18-year-old Blue Devils phenom is only the third freshman to win the prestigious award, which has been handed out to the best player in men’s college basketball AFP every year since 1969. “It is truly an honor to receive this and join such an elite list of former Blue Devils to have also won the award,” Williamson said in a statement. “There were so many great players who could have won this award this year. I can’t thank my teammates, coaches and family enough for helping me. This is a team award, and it’s an honor for me to accept this on behalf of my brothers.” The only other players to win the Naismith in their first season of college basketball were Golden State Warriors star Kevin Durant and New Orleans Pelicans ace Anthony Davis. AFP Atlantic Division W L Pct GB y-Toronto 57 24 .704 — x-Philadelphia 50 30 .625 6½ x-Boston 48 33 .593 9 x-Brooklyn 41 40 .506 16 New York 16 64 .200 40½ Southeast Division y-Orlando 41 40 .506 — Charlotte 38 42 .475 2½ Miami 38 42 .475 2½ Washington 32 49 .395 9 Atlanta 29 52 .358 12 Central Division z-Milwaukee 60 21 .741 — x-Indiana 47 34 .580 13 Detroit 39 41 .488 20½ Chicago 22 58 .275 37½ Cleveland 19 62 .235 41 WESTERN CONFERENCE Southwest Division W L Pct GB y-Houston 53 28 .654 — x-San Antonio 47 34 .580 6 New Orleans 33 48 .407 20 Memphis 32 48 .400 20½ Dallas 32 48 .400 20½ Northwest Division y-Denver 53 27 .663 — x-Portland 51 29 .638 2 x-Utah 49 31 .613 4 x-Oklahoma City 47 33 .588 6 Minnesota 36 44 .450 17 Pacific Division z-Golden State 56 24 .700 — x-L.A. Clippers 47 34 .580 9½ Sacramento 39 42 .481 17½ L.A. Lakers 37 44 .457 19½ Phoenix 19 62 .235 37½ x-clinched playoff spot y-clinched division z-clinched conference Monday’s Games (Tuesday in Manila) No games scheduled. Tuesday’s Games (Wednesday in Manila) Boston at Washington Charlotte at Cleveland Memphis at Detroit Philadelphia at Miami Golden State at New Orleans New York at Chicago Toronto at Minnesota Phoenix at Dallas Denver at Utah Houston at Oklahoma City Portland at L.A. Lakers Wednesday’s Games (Thursday in Manila) Chicago at Philadelphia Dallas at San Antonio Detroit at New York Golden State at Memphis Indiana at Atlanta Miami at Brooklyn Oklahoma City at Milwaukee Orlando at Charlotte Minnesota at Denver Sacramento at Portland Utah at L.A. Clippers
Page 1 and 2: TRUMP’S REVOLVING DOOR SPINS ANEW
Page 3 and 4: Tuesday, 9 April 2019 Daily Tribune
Page 9 and 10: SHE STEERS HER OWN LIFE ZION BAGS
Page 11: Tuesday, 9 April 2019 Daily Tribune

09 APRIL 2019 - Copy

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