Showing posts with label Georgia. Show all posts
Showing posts with label Georgia. Show all posts

Thursday, 4 July 2024

Gilas Pilipinas stuns world No. 6 Latvia to open Fiba OQT bid

Gilas Pilipinas stuns world No. 6 Latvia to open Fiba OQT bid

Story by Denison Rey A. Dalupang
Inquirer.net
04 July 2024

Gilas Pilipinas pounced on Latvia’s early shooting woes and played with steely nerves down the stretch to topple World No. 6 and host Latvia, 89-80, in the Fiba Olympic Qualifying Tournament (OQT) on Thursday.


The No. 37-ranked Filipinos, overwhelming underdogs in the short meet at Arena Riga that will send a winner to the Paris Olympics, raced to an 8-0 start and built a sizable cushion that they never yielded until the final horn.

“I’m totally shocked to be sitting in front of you guys after winning this basketball game. This is not something we thought we were gonna do, I’ll be honest with you,” said Gilas coach Tim Cone after the Philippines beat a European team for the first time in 64 years.

“We wanted to come in and compete and really put on a good show. We got started early. We hit shots early. And thankfully Latvia missed shots.”

Naturalized ace Justin Brownlee delivered a near triple-double of 26 points, nine rebounds, and nine assists, while young cornerstones Kai Sotto and Dwight Ramos tossed in 18 and 11 points, respectively, for a triumph that got Gilas’ campaign off to a rousing start.

Barring a massive blowout at the hands of World No. 23 Georgia, the Philippines is on track to advance to the crossover knockout phase which could pit the Filipinos against Cameroon, Brazil or Montenegro.

Chris Newsome scored 10 points, including a couple of late baskets in the final period that kept the Latvians at bay with the results significantly shaking up the Group A race.

The Latvians, having won 24 of their last 27 Fiba games, were projected to sweep the preliminaries, but struggled against a determined Gilas side and dropped to 1-1 in the OQT.

It also didn’t help the hosts that their outside shooting abandoned them just as the Filipinos hit theirs. Latvia was 10-for-42 while Gilas wound up 9-of-20 from deep.

“There were a couple of stretches, like Kai said, that we kind of lost our way a little bit but it seems like when Latvia was just about ready to make huge run at us, they would miss an open three-point shot,” Cone said.

“And that’s just one of those night for Latvia—they just won’t hit shots tonight.”

Rodions Kurucs and Rolands Smits joined hands for a last-ditch effort for the Latvians, but the Gilas cushion—which swelled to as big as 26 points—proved too big to overhaul.

Kurucs had 18 points, Davis Bertans, Kristers Zoriks and Janis Strelnieks 10 each while Smits had 9 in the Latvian effort that left many in the home crowd in disbelief.

Gilas and Georgia tangle in 18 hours (8:30 p.m. Manila time) at the same venue.

Sunday, 5 May 2024

Philippines contributes $3 million to ADF

Philippines contributes $3 million to ADF

Story by Louise Maureen Simeon
Philstar Global 
05 May 2024

TBILISI – The Philippines is providing $3 million (P171 million) to the Asian Development Bank (ADB) fund meant to help poor and vulnerable economies in Asia-Pacific.



In a briefing here on the sidelines of the 57th ADB Annual Meeting, ADB president Masatsugu Asakawa said the bank and several donor countries have agreed to replenish $5 billion for ADB’s Development Fund (ADF).

As such, the Philippines has donated for the second time roughly $3 million to the ADF, which is being replenished every four years.

The Philippines joins Canada, Georgia, Germany, Hong Kong, China, Indonesia, Italy, Malaysia, New Zealand, Korea and the UK, among others, in this year’s ADF donors.

Finance Undersecretary Joven Balbosa said the Philippines maintained the contribution it released during the pandemic.

Balbosa is representing Finance Secretary Ralph Recto in this year’s ADB Annual Meeting.

“It’s a decent amount because we are also mindful of our fiscal consolidation program and the needs of our country,” Balbosa told reporters.

“But we are an ADB member country, we are a family of nations. It’s just fair that we provide a small share, it’s a balancing act,” he said.

The Philippines used to be a beneficiary of the ADF until it graduated from the status and eventually became eligible for loans.