Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Don’t miss out on the latest news and information. Ginebra beats Meralco again to capture PBA Governors’ Cup title Gilas Pilipinas practices with Andray Blatche for 2nd straight day MOST READ Philippine Army to acquire MANPADS, self-propelled howitzers In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ LATEST STORIES Tom Brady most dominant player in AFC championship history Phivolcs: Slim probability of Taal Volcano caldera eruption “It’ll take around a week and the only bad part here is it was hit again after it got snagged in my teammate’s jersey in practice,” said Lee who played for 13 minutes in the Hotshots’ season opener.“I’ll be back, no problem, it just so happened that my thumb got hit earlier. The team assistants earlier asked me what I felt on my thumb and I told them that it was painful whenever I caught the ball so we decided that I’d sit the game out.”Sports Related Videospowered by AdSparcRead Next 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 Nadine Lustre’s phone stolen in Brazil Will you be the first P16 Billion Powerball jackpot winner from the Philippines? Lee was already nursing a sore right thumb prior to the match against the KaTropa when he aggravated it early in the third quarter of the PBA Philippine Cup game Sunday at Mall of Asia Arena.“It’s just sad that I wasn’t able to help the team, but it does happen in games,” said Lee in Filipino. “That’s part of the job, so I’ll just wait for this to heal.”FEATURED STORIESSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissSPORTSCoronation night?SPORTSThirdy Ravena gets offers from Asia, Australian ball clubsLee left the game at the 10:24 mark of the fourth quarter after his hand got slapped on a rebound play and he said that it will take at least a week for him to fully recover.The shooting guard, however, said he’ll be ready to practice with Gilas Pilipinas on Monday but he would refrain from joining the scrimmages to allow his thumb to heal. Japeth Aguilar wins 1st PBA Finals MVP award for Ginebra Paul Lee re-injures thumb in first game of season. PBA IMAGESMANILA, Philippines—Paul Lee’s start to the 2019-2020 PBA season hit a bit of a snag in Magnolia’s first game of the year.Magnolia not only lost 80-75 in overtime against TNT, but it also saw Lee get sidelined with an injury.ADVERTISEMENT View comments
Even as thousands of sugar workers are being made redundant, President David Granger is seeking to assure that the Special Purpose Unit’s negotiations with investors will bear fruit and a plan for the Guyana Sugar Corporation’s (GuySuCo’s) massive land holdings will be developed.Granger gave the assurance on Friday during his first press conference in two years. When asked why there were no plans in place for workers before the divestment, Granger noted that Government, the unions, and the corporation itself must be factored in.“There are four major institutions to be considered. One is the corporation itself, which has not been dissolved, and it still has responsibility for the industry. The other is the Government, and the Ministry of Agriculture is responsible for reporting to Cabinet and the National Assembly. Third, you have the workers and their representatives, particularly GAWU and NAACIE”; and, of course, you have civil society and other agencies who are concerned with providing services to the sugar workers.“But as far as retrenchment or termination benefits are concerned, the Government is responsible for ensuring that the sugar corporation fulfils its obligations to the workers,” the President explained.He emphasised that the Special Purpose Unit (SPU), which is under the Finance Ministry, has recently engaged an internationally rated accounting firm — PricewaterhouseCoopers (PwC) — to value the land it will sell.“As far as the plan is concerned, there needs to be a lot more work from the fourth agency — what you can call the Special Purpose Unit, which comes under the Finance Ministry. That is the agency that will ensure the smooth transition of those parts of the industry which will not remain in production,” he explained.“So I would say that the work of the SPU is still being done. They are in negotiation, not only with the sugar corporation, but also with foreign investors. And I expect that, before too long, we will have a plan which will explain in greater detail how the land will be disposed of,” he detailed.Out of the three firms that had made submissions to the SPU, the United Kingdom-based PwC was selected to valuate GuySuCo. This is as Government moves ahead with efforts to privatise and diversify the sugar industry.According to the SPU when it announced the selection, all negotiations with PwC have been completed, and a contract is expected to be signed by December 18, 2017.Following the valuation exercise, PwC is expected to develop an investment prospectus which, through the SPU, would be distributed to all interested investors.The Opposition People’s Progressive Party/Civic had previously called the move by the SPU to select the firm for the valuation process a vehicle for corruption that completely bypasses the established privatisation procedures and the sale of State assets.In order for the process to be underway, almost 4,000 sugar workers have had to be fired from the Skeldon, Enmore and Rose Hall operations of GuySuCo. This move by the Government have been slammed by the Opposition as a “callous decision”.Still viableDuring a meeting with the Guyana Agricultural and General Workers Union (GAWU), SPU Head Colvin Heath-London informed the delegation that, following his assessment of the estates identified for closure and sell out, he is of the opinion that the estates are viable.He outlined that when certain costs are excluded from the estates’ overall expenditure, the overhead of their production is generally in keeping with international norms.In fact, the SPU Head has described the Skeldon sugar estate as a ‘gold mine’, a term which is far different from the phrases used by GuySuCo to describe the facility.