View comments 2 nabbed in Bicol drug stings But the 2011 PBA Most Valuable Player is no stranger to being the captain, leading TNT to six championships while also being a key figure in the national team.“We signed Jimmy because we know he can help transform the team. He has been helping lots of young players about good work ethic. That’s what he’ll bring to the team. We’re very happy that he’ll finally be a head coach,” said team owner Charlie Dy.Alapag shared that he’s excited to embark on this new chapter and he hopes to pass forward the lessons he’s learned from his past mentors.“I’ve been very, very fortunate in my career to play for different coaches – coach Chot (Reyes), coach Norman (Black), coach Derrick (Pumaren), even coach Tim (Cone) when he was helping Gilas. We’re talking about some Hall of Fame-level coaches. I’d like to get bits and pieces from those guys. I wanna encourage our guys to come in and get ready to work,” he said.Alapag said the team won’t settle for anything less this coming season after Alab finished third in the ABL last year.“I think going into second season, the goal is to compete for the championship. Last year, they were really close to being in the Finals. Hopefully this season, we’ll get there and bring the first championship for Alab,” he said.Alapag will have Cuan and Paolo Rivero in his coaching staff.As for the players, Dy said that the management is working doubly hard to bring back 2017 ABL Local MVP Bobby Ray Parks and national team guard Kiefer Ravena.“We’re trying to keep Ray and Kiefer, definitely. People will just have to wait for the next two weeks,” the team executive said. Teen gunned down in Masbate 787 earthquakes recorded in 24 hours due to restive Taal Volcano “It has a new ring to it. It’s really an exciting opportunity and I’m just really thankful for Alab for bringing me on,” said Alapag on Saturday when Alab Pilipinas made his signing official.Bagong laban, bagong #pALABan! ALAB PILIPINAS welcomes new Head Coach JIMMY “The Mighty Mouse” ALAPAG! 🔥🔥🔥 Official signing in a bit! pic.twitter.com/zwGWzxn8DZ— Alab Pilipinas (@AlabPilipinas) August 12, 2017This will be a brand new challenge for Alapag, who previously worked as an assistant coach for Gilas Pilipinas and Meralco Bolts.ADVERTISEMENT LATEST STORIES San Beda loss woke up Letran, says Quinto 787 earthquakes recorded in 24 hours due to restive Taal Volcano Albay to send off disaster response team to Batangas [email protected] announces the signing ✍️ of @JAlapag3 as Head Coach for the upcoming ABL season.pic.twitter.com/yjMZc1S1nH— ABL (@aseanbasketball) August 12, 2017FEATURED 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’Winner in every level he’s been in, Jimmy Alapag will take that champion mentality as the head coach of Alab Pilipinas this upcoming 2018 ASEAN Basketball League season.ADVERTISEMENT Ai-Ai delas Alas on Jiro Manio: ‘Sana pinahalagahan niya ang naitulong ko’ Vilma Santos, Luis Manzano warn public of fake account posing as her MOST READ Marcosian mode: Duterte threatens to arrest water execs ‘one night’ SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold PLAY LIST 06:27SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold01:45Explosive Gilas Pilipinas not yet at its best, says Tim Cone00:50Trending Articles01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio 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 respite The 39-year-old legend has taken over the lead mentor job while Mac Cuan slides into the role of assistant for Alab’s second season. Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. End of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend
Facebook Twitter: @NeosKosmos Instagram Last week Greece reached a landmark deal with the troika to restructure its debt bailout program, offering a new glimmer of light – not just to Greece but the global economy. A series of compromises were thrashed out in Brussels, unlocking the long-delayed 43.7 billion euros ($A54.2 billion) on the bail out program – effectively granting Greece debt relief for decades to come. The agreement wasn’t lost on global markets and in Australia – increasing share prices and keeping the Australian dollar high against the Greenback.The measures announced include reducing interest rates on Greece’s bailout loans to very low levels – so low, that eurozone countries may incur losses on them – that will allow Athens space to reduce its debt below projections. On the back of the agreement, and positive movement in China on growth this week, Canberra economist Stephen Koukoulas – former economic advisor to Prime Minister Julia Gillard – told Neos Kosmos that the Aussie dollar could, subject to the RBA’s decision on interest rates next week, continue to rise to $US1.08 over the next few months. “Certainly we’ve had commodity prices no longer falling, particularly iron ore and others have actually moved well above the lows that we saw in October,” he said. “Over the last month we’ve had some good news out of China, and the fact that the Chinese economy is picking up a little is good news for Australia.” Koukoulas believes last week’s deal announced between Greece and the troika is cause for optimism. “We’ve seen plenty of false dawns over the last couple of years with Greece’s debt crisis, but this one looks to be more substantive than others. “One reason is that the Greek Parliament has now passed the range of austerity measures the troika required; they’re in place, and the trajectory of Greek debt peaking and then starting to decline is a reasonable one. “The other factor is that the IMF and Christine Lagarde did offer some softening – for example the Greek bonds that the ECB holds – the profits on these bonds are to be repatriated to Greece. “There’s also a highly concessional interest rate that Greece now has to pay on its borrowing, and that will help get the Greek economy back on an even keel.” Greece’s economy has shrunk by nearly 25 per cent in the past five years. Questions remain as to whether Greek debt can become sustainable without eurozone governments having to write off loans made to Athens. In a week that Koukoulas says international markets breathed a sigh of relief over Greece, the MD of Market Economics says its about taking one step at a time. “Greece can’t cut it’s government debt from 190 per cent to 100 per cent tomorrow. It has to be a strategy with many different components to it. And those components will change. As we stand, you can only fight the current battle.” To what degree is Australia effected by the ebb and flow of the Greek debt crisis? “At the moment this deal pushes Greece to the sidelines for the next few months. We’re going to see the markets look at other economies. “The problems run deep, and we have to look now at the eurozone issues through what’s happening in Spain and Portugal and Italy. France is on a negative credit watch. There’s still a significant risk of a bit of a debacle and a nasty market shock. “When there’s little news at home, our economy is driven by global markets, it’s a sentiment thing. People call it ‘risk on’ or ‘risk off’, and a rising tide lifts every boat.” Koukoulas says that while further chapters of the Greek debt saga will play out in the years ahead, speculation over Greece’s imminent departure from the euro is at an end; at least for now. “That discussion is over, says the former Commonwealth Treasury advisor. “The new bail out conditions and the fact that the IMF and Christine Lagarde in particular were willing to compromise is likely to mean there’s good news ahead.” Stephen Koukoulas is Managing Director of Market Economics Pty Ltd which he established in Canberra to provide independent macroeconomic analysis to businesses. Stephen is a former Senior Economic Advisor to the Prime Minister, having moved there from a senior role in the Commonwealth Treasury. Before that he spent three years in London as the Global Head of research and strategy for TD Securities.