FILIPINO newest Grandmaster (GM) Oliver Barbosa claimed the overall title of the Raja Dr. Nazrin Shah Invitational Masters held at the Swiss Garden Hotel & Residences in Kuala Lumpur, Malaysia.
Barbosa wrapped up his campaign with seven points to rule the tournament sanctioned by the World Chess Federation. The former University of the Philippines standout also notched his third and final GM norm after drawing with Vietnamese GM Nguyen Anh Dung in the ninth and final round.
Another Filipino Richard Bitoon beat Uzbek GM Tahir Vakhidov in the ninth and final round to earn his final GM norm too.
Bitoon and IM Jahongir Vakhidov of Uzbekistan finished second and third with 6.5 point each.
The two players have joined the elite circle of Filipino GMs, including Eugene Torre, Rogelio “Joey” Antonio Jr., Buenaventura “Bong” Villamayor, Nelson Mariano 2nd, Mark Paragua, Wesley So, Darwin Laylo, Jayson Gonzales, John Paul Gomez, Joseph Sanchez, Roland Salvador, Rogelio “Banjo” Barcenilla Jr., Julio Catalino Sadorra and the late Rosendo Balinas Jr.
In the Swiss-System competition, International Master Nguyen Doc Hoa of Vietnam split the point with Philippines newest International Master Edgar Reggie Olay to score 7.5 points and en route to the coveted title.
Published : Thursday February 09, 2012 | Category : Top Business News | Views : 60
By : Lailany P. Gomez Reporter
THE Philippines’ money supply growth decelerated in December as a result of the two successive actions of monetary authorities during the period, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday. Read more
Published : Thursday February 09, 2012 | Category : Top Business News | Views : 68
By : MAYVELIN U. CARABALLO
AN official of the National Economic Development Authority (NEDA) said on Wednesday that the agency is optimistic that the Philippine economy in 2012 will reach the aspirational 7-percent to 8-percent gross domestic product (GDP) growth. Read more
Published : Thursday February 09, 2012 | Category : Top Business News | Views : 52
By : KRISTA ANGELA M. MONTEALEGRE REPORTER
PHILIPPINE share prices on Wednesday climbed back above the 4,800 level as Greece moved closer to reaching an agreement to restructure its debt coupled with encouraging jobs data in the United States. Read more
Published : Thursday February 09, 2012 | Category : Top Business News | Views : 60
By : Lailany P. Gomez
PRUDENTIALIFE Plans Inc. (PPI) assured its planholders that it will continue to assist them and will furnish pertinent updates on further developments following the stay order issued by the Insurance Commission (IC) on February 6. Read more
Published : Thursday February 09, 2012 | Category : Top Business News | Views : 66
FOR those wondering about the prospects of mobile banking—a key tool for the Rural Bankers Association of the Philippines (RBAP)—this year, Information and Communications Technology (ICT) research firms have made a prognosis that is sure to make any rural bank executive excited. Read more