Much of the 490-strong Philippine contingent have yet to arrive but already, Philippines secretariat, led by chief of mission Cynthia Carrion, has already been set-up to help them settle in.Malaysia, which is hosting the biennial meet for the fourth time, is gunning for the overall championship with an 111-gold medal target. It’s the same number of mints it won when it ruled the 2001 edition.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’Organizers here have put premium on security as some 8,000 personnel from the country’s police and military are called on to provide safety to a projected 20,000 athletes and officials who will gather here.“There are enough police personnel to monitor the traffic as well as security situation at all the venues,” said Malaysia’s Youth and Sports Minister YB Brig. gen. Khairy Jamaluddin in a press statement. 787 earthquakes recorded in 24 hours due to restive Taal Volcano Representatives of each sport for the SEA Games come up on stage. Photo by Bong Lozada/INQUIRERKUALA LUMPUR — The Philippines’ modest goal of scoring 50 gold medals begins Tuesday when its athletes in netball, water polo and football go into action in different venues here.A few sports have already started although the formal opening will be on Saturday at Bukit Jalil National Stadium.ADVERTISEMENT LATEST STORIES Teen gunned down in Masbate End of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend Marcosian mode: Duterte threatens to arrest water execs ‘one night’ Vilma Santos, Luis Manzano warn public of fake account posing as her Don’t miss out on the latest news and information. Filipino athletes who have arrived were also briefed by the Philippine delegation secretariat that was set up in a function room in plush Sunway Putra Hotel in the downtown.They will be given local sim cards and a WhatsApp account has been set up to facilitate communication among 800 athletes and officials here.The PH water polo team will take on fearsome Thailand at 11 a.m., at National Aquatics Center, serving as the opening salvo for the delegation.The team is hoping to gain as many wins as possible after having undergone training camp in Barcelona. It’s best finish was silver during the 2009 Laos Games.Men’s and women’s football will open their respective bids both at 8:45 p.m., fighting Cambodia and Malaysia, respectively.ADVERTISEMENT Ai-Ai delas Alas on Jiro Manio: ‘Sana pinahalagahan niya ang naitulong ko’ Seeking more golds, Cojuangco balances archery and family 787 earthquakes recorded in 24 hours due to restive Taal Volcano MOST READ Netball will join the fray at 3 p.m., facing Thailand.Sports Related Videospowered by AdSparcRead Next Trending Articles PLAY LIST 00:50Trending Articles02:11SEA GAMES 2019: PH’s Nesthy Petecio boxing featherweight final (HIGHLIGHTS)08:07Athletes treated to a spectacle as SEA Games 2019 officially ends06:27SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold05:02SEA Games 2019: Philippines clinches historic gold in women’s basketball05:21Drama in karate: Tsukii ‘very sad’ over coach’s bullying, cold shoulder03:24PH’s James Palicte boxing light welterweight final (HIGHLIGHTS) Albay to send off disaster response team to Batangas 2 nabbed in Bicol drug stings View comments
A new way forward: Finance Minister Pravin Gordhan, Deputy President Kgalema Motlanthe, President Jacob Zuma new Reserve Bank governor Gill Marcus and her predecessor governor Tito Mboweni. Marcus has the challenging job of ensuring that South Africa’s currency continues to weather the rough economic storms. (Images: GCIS)Khanyi MagubaneThe appointment of South Africa’s new Reserve Bank Governor Gill Marcus on 19 July, has gained much approval from South Africa’s business and finance sector.Although Marcus will officially start her duties on 9 November, her recruitment back into the highest financial body in the country has been hailed as a breath of fresh air in the Reserve Bank that has been in the firm clutches of current governor, Tito Mboweni.President Jacob Zuma had re-appointed Mboweni as the Reserve Bank governor but Mboweni asked to step down in November to pursue other interests.This brings an end to his 10-year tenure in office.When Zuma announced the new appointment, he placed his full confidence in her ability to continue protecting the country’s currency. “Ms Marcus has extensive knowledge of the institution she is now called upon to lead, having served as a Deputy Governor of the Reserve Bank from 1999 to 2004.”Marcus was also the deputy minister of finance from 1996 to 1999.The president also thanked governor Mboweni for protecting the rand from the rough economic climate. “During Mr Mboweni’s tenure [the Reserve Bank] made a critical contribution to the country’s sustained economic stability and has pursued monetary policies that have fostered economic growth.”Keeping a firm hand on the currencyJournalists attending the press briefing asked Marcus if she would continue implementing the current monetary policies or would invigorate change into the existing ones.Marcus said although it was too early to speak about policy change, hers would be a style of collective leadership,“The style of leadership that I bring to the Reserve Bank is the style of leadership that I have exercised wherever I am and have been, and that is one of engagement.“I am there to listen and to learn and to see what the organisation is at this point in time and also to understand better the global environment.”But African National Congress (ANC) secretary general Gwede Mantashe told the media the next day on 20 July that Marcus would not be changing any policy. “Any change presents an opportunity, but policy is not a function of an individual. Gill Marcus is going to implement the policies that are there. She is appointed a Governor of the Reserve Bank, she will find policy.”Mantashe was speaking after a National Executive Committee meeting at Luthuli House, the ANC’s headquarters.This seemingly cautious and stable approach by the government has held well with the rand, which has enjoyed stability in the wake of the new announcement, by the president.According to online financial publication Fin24, Marcus’s appointment might even have helped the country’s currency.“The rand rallied to a session high of 7.98 against the [US] dollar on Monday, its strongest level since July 7, and was trading 0.4% firmer at 8.0075 by 6.38am compared with Friday’s close at 8.04.”“We had quite positive market reaction (to Marcus) this morning, and the rand is quite strong, though it also must be taken into consideration that the dollar is quite weak,” said Ion de Vleeschauwer, chief dealer at Bidvest Bank, speaking to Fin24.“From an international perspective … it gets the uncertainty out of the way. I expect the rand to remain strong and keep on still watching the international scene,” said de Vleeschauwer.Business Unity South Africa also welcomed Zuma’s appointment, saying that Marcus’s experience of the public and private sector made her a good candidate.Meanwhile, economics professor Stephen Hoskin from the Nelson Mandela Metropolitan University also echoed the positive sentiments of Marcus’s appointment.“She has a lot of banking experience and seems like a person who will not be a push-over. I do not think the markets will react negatively. She would also be familiar with the benefits of the current monetary policy.”Rand Merchant Bank analyst John Cairns also voiced the financial institutions’ backing for the new appointment, “She comes with all the right credentials, having served as Deputy Finance Minister, Deputy Governor at the South African Reserve Bank and within the private banking system.A rise within the ranksThe new governor leaves her position as the banking group Absa’s chairperson, a position she has held since 2007, to assume leadership of the reserve bank.Having risen within the ranks in the ANC, Marcus has long been a standing figure within the party. In a 2006 interview newspaper Mail and Guardian, she said her fight for social justice has consumed her passion throughout her life. “Growing up, there was nothing else I was interested in. The SA condition was just so intolerable. So it didn’t matter whether I was 15 or 20, that was what my commitment was going to be.”Born in Johannesburg in 1949, Marcus grew up in the then middle class suburb of Berea.While attending school at Barnato Park High School for Girls in Johannesburg, she partook in various sports activities including swimming and horse riding.When her family moved to London, she joined the ANC there in 1970 and in 1975 she was employed full time by the organisation.She was the editor of the ANC’s weekly newsletter, the Weekly News Briefing, which was distributed around the world.She returned to SA in 1990, where she started the party’s information department. After a 30-year ban, Marcus was responsible for information distribution about the ANC to curious journalists who were keen to find out what the party was about.She has 13 years experience in finances, since joining cabinet in 1996.In accepting her appointment from Zuma, Marcus said, “thank you for bestowing on me this enormous honour and confidence in me to pick up on the institution, the South African Reserve Bank, on the excellent work that has been done to date by Governor [Tito Mboweni].”Do you have any comments or queries about this article? Email Khanyi Magubane at: email@example.comRelated stories South Africa’s economyFinancial system remains strongBusiness, govt launch crisis planUseful linksSouth African Reserve BankDepartment of Finance
The magnitude of this Event would not have been possible without the dedication of the volunteers and hosts, Cybmat+Bubulle, who organised the event so skillfully for the third year. The quality, thoughtfulness, and time they dedicated to organize it was evident in every small detail. Un grand merci. On a warm July weekend under an industrial canopy adjacent to the beautiful vineyards of Château de la Croix Chabrières in the commune of Bollène, I found ground zero. Driving the 122 km (76 mi) from Aéroport de Marseille Provence provided a glimpse of the landscape at a swift 130 kph (80 mph). The sprawling lavender fields looked like pictures in a magazine. As soon as I, an eager adventurer, rounded the bend of the winding road next to the Event site, I knew I was in the right place … in more ways than one. Image courtesy of Vinceo SharePrint Related Sunday was the main day for competing in the team events. Games included: PET catapult, rope tying, archery, potato sack race, ‘Total Wipeout,’ and many more that I had to see in order to comprehend! Saturday was a day to adventure, cache, and explore around the Event site. This was the best day to visit the adjacent Parc Accrobranche, a series of zip lines built up into tall, sturdy pine trees. After a safety demonstration, I strapped on my harness and had a blast zipping from one treetop platform to another. Geocaching HQ staff will attend dozens of Mega and Giga-Events around the world, shaking hands, sharing stories of adventure, and of course, geocaching! OnCloudDivine is a Community Coordinator at Geocaching HQ. She recently traveled to France to attend the Géolympiades #3 – Chabrières, Vaucluse, Provence Mega-Event (GC7TPCC). Here’s her trip recap. Each geocacher was given a score sheet with which to keep track of their progress in the competitive events. In addition to competing in the géolympic events, participants could collect a stamp from both Lackeys in attendance to enter a raffle for geocaching prizes. I was able to meet almost everyone at the Event because of this! As soon as attendees caught a glimpse of my black, ‘Geocaching HQ’ shirt at the registration booth, the crowds descended for their tampon (stamp). As someone whose role is to help the geocaching community every day, I came prepared to offer my assistance. I was overwhelmed—not only by the sheer number of people who wanted to speak with me—but also the kindness and hospitality that they displayed to a Seattleite who was eager to practice her French. Whether it was sharing trackables to discover, sips of homemade wine, or cellular data to log the Mega-Event’s Adventure Lab Caches, connecting with this important part of the geocaching community is a memory that I will cherish for a long time.Share with your Friends:More The most impressive aspect of this Mega-Event was just how many activities and things to do there were: wine tasting, guided tours of the castle ruins, admission to an adventure park in the trees within walking distance (complete with sixteen newly published caches along the walking route to the park), cache creation and photo contest, food trucks, two sets of Adventure Lab Caches (twenty total)—and all of this without even mentioning the géolympic events! With only three days for the Mega-Event activities, there was never a moment of boredom.
There is a term called Pyrrhic victory, which means something achieved at a loss greater than the value of the win. But the ICC hit wicket is not one. It needs to be called something worse. The ICC decision on the Anderson-Jadeja spat is blind and STUPID justice.Here were two players who brought disrepute to the game by their crass behaviour. The Indian team had charged English pacer James Anderson with pushing Ravindra Jadeja on the second day of the first Test at Trent Bridge. Anderson was charged with a level 3 offence. The English countered the charge with their complaint that Jadeja threatened Anderson. Jadeja got a level 2 charge, which was cut to level 1 by match referee David Boon and which meant he will lose 50 per cent of his match fee. Boon did this before the 3rd Test began at Southampton.India got creamed here after the heady win at Lord’s and Anderson was the man of the match for his contribution with the ball. The BCCI had sought a re-hearing of the whole case in the hope of justice. They may have thought the might of the ICC, now under sidelined BCCI chief N. Srinivasan, would have punished Anderson and spared Jadeja the penalty. Anderson has been absolved, so has Jadeja. Some justice this, man. What seems to have been struck in the bargain is the mother of all compromises, farce is a cliche.