Adamson clinches 3rd spot, holds off UP

first_imgUP clawed back from a 21 points down, 69-48, with Paul Desiderio capping off an 18-5 run that cut Adamson’s lead down to just eight, 74-66, with still five minutes left. The Falcons, however, responded with a 12-0 run near the end of the game to rebuild a 20-point lead, 86-66, with less than 30 seconds left in the fourth quarter.FEATURED STORIESSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’SPORTSFederer blasts lack of communication on Australian Open smogAnd as the Falcons secured their semifinals spot, head coach Franz Pumaren said they had already settled into the reality that they are one step closer to their title aspiration.“Our mentality is Final Four mode already,” said Pumaren. “During this stretch, every game is a learning process for us, a learning experience for us.” Steam emission over Taal’s main crater ‘steady’ for past 24 hours Jake says relationship with Shaina ‘goes beyond physical attraction’ Kiss-and-tell matinee idol’s conquests: True stories or tall tales? 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 Coco’s house rules on ‘Probinsyano’ set Sports Related Videospowered by AdSparcRead Next OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson Margot Robbie talks about filming ‘Bombshell’s’ disturbing sexual harassment scene MOST READ Free tickets to Alab Pilipinas season openercenter_img Jo Koy: My brain always wants to think funny Don’t miss out on the latest news and information. “In the time that we made run, I didn’t call a timeout, for me that’s one way of trusting my players, one way of making them feel that they should rise above the challenge.”Sarr led the way for the Fal ons with a 25-point, 17-rebound double-double while Jerie Pingoy had 15 points, eight assists, six steals, and zero turnovers.Desiderio led the Fighting Maroons with 20 points while Javi Gomez de Liaño had 10 points and 10 boards.ADVERTISEMENT It’s too early to present Duterte’s ‘legacy’ – Lacson For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. LATEST STORIES Photo by Tristan Tamayo/INQUIRER.netAdamson University locked up the third seed after withstanding a late fightback by University of the Philippines, 86-70, in the UAAP Season 80 men’s basketball tournament Sunday at Smart Araneta Coliseum.The Soaring Falcons rose to 9-4 record while the Fighting Maroons dropped to fifth with a 5-7 record, a full game behind fourth seed Far Eastern University, which booted University of the East out earlier. ADVERTISEMENT Jake says relationship with Shaina ‘goes beyond physical attraction’ View commentslast_img read more

MOU layouts framework for LNG industry in B.C.

first_imgLiquefied Natural Gas facilities are major long-term investments, and their proponents want long-term certainty that these investments will be treated fairly and consistently over the term of the investment.“The benefits from LNG activity will be significant for British Columbia’s economy, and we want to help companies and communities make that happen,” said Minister of Finance, Michael de Jong. “These agreements will help provide LNG companies with the kind of certainty they need to make long-term plans to do business in communities across BC.”The PDA provides, through legislation, measures to ensure that Pacific NorthWest LNG will not face significant increases in certain specific taxes for the specified term of the agreement. It will be protected from adverse changes to LNG income tax, the natural gas tax credit, the carbon tax and key features of greenhouse gas emissions at an LNG facility. In addition, the government has already passed a long-term LNG taxation framework, long-term royalty agreements and measures allowing local government tax agreements with Pacific NorthWest LNG.- Advertisement -The agreement has provisions which guarantee that if the Province negotiates a more beneficial agreement with a proponent in a future PDA, the better element can apply to any PDAs which were signed and agreed upon earlier. This is ensure that no proponent is penalised for reaching an earlier agreement. It has also included compensation provisions in the event that the Province increases or changes the LNG tax, the natural gas tax credit, or the tax on greenhouse gas emissions.A new section in the Petroleum and Natural Gas Act was introduced in 2015, which allows the Province to enter into long-term royalty agreements with natural gas producers. The first of these is with the North Montney Joint Venture, which is providing the natural gas to Pacific NorthWest LNG. Once ratified, this agreement will run from Jan 1, 2016 to Dec 31, 2038. As part of this agreement, NMJV must produce a minimum amount of gas per year, starting at 159.46 bcf in the first year, and climbing to 373.31bcf in 2038.The royalty rate is preset each year, starting at 6.06 per cent the first year, and rising to 13.36 by 2038. This provides the company with certainty, as their production and royalty rates are known in advance.Advertisementlast_img read more