The weekly roundup – Filipinos in the NBA

Almost there...

While we’re waiting for the first Filipino to play in the NBA, let’s take pride that the first Asian coach to reach the NBA Finals is one of our own. Erik Spoelstra coached the Miami Heat past the Chicago Bulls, earning a seat in the finals together with the Dallas Mavericks. It’s a repeat of the 2006 NBA Finals, but this time with some new faces, and some new roles (Spoelstra used to be an assistant coach for Miami in 2006). Best of luck to the Filipino coach and his stalwarts, this would surely be another epic series.

Also, another Filipino may soon become a part of the NBA. Telco magnate Manny “MVP” Pangilinan is eying an investment in the Sacramento Kings, seeing a majority ownership of the ball club as one of his goals before retirement. Nothing is definite yet, as according to MVP, running an NBA team is a different game altogether, but it’s still welcome news, as it may pave way for more Filipinos in one of America’s premiere leagues.

In other news:

  • UnionBank expects to see 10-15 percent growth in profit for 2011. The Aboitiz-led institute is optimistic despite a more challenging environment due to higher interest rates and external volatilities.
  • Alphaland eyes share sale to boost its reserves as it spends P4B on capital expansion. More developments on the way, more choices for investment.
  • Investing in Universal Robina stocks may be a good option at the moment. Amidst a depressed market, URC stocks seem on track to meet its target price.
  • Remember Eton Centris? Its first luxury condominium is on its way. Ascent promises to raise the bar in urban living, located right in the gateway to Quezon City’s new commercial business district.
  • Fancy living south of the metro? Check out DMCI’s Rhapsody Residences in Muntinlupa, a resort-inspired residential project that caters to those who want an upgraded lifestyle.
  • With the tough economic times, it helps to know some basics in budgeting personal finances. Here are some tips on keeping your household budget on target.
  • Have a small business? Thinking of hiring your own kin? Weigh the pros and cons of getting family members to work for your business.
  • The Internet has its benefits, but it also comes along with some risk. Learn some simple tips and tricks to securing peace of mind while in cyberspace.
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