first_imgGov’t in no rush to rescue animals in Taal MOST READ Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew DepEd’s Taal challenge: 30K students displaced LATEST STORIES View comments Sports Related Videospowered by AdSparcRead Next SEA Games 2019: Didal collects 2nd skateboard gold PLAY LIST 02:10SEA Games 2019: Didal collects 2nd skateboard gold08:07Athletes treated to a spectacle as SEA Games 2019 officially ends02:11SEA GAMES 2019: PH’s Nesthy Petecio boxing featherweight final (HIGHLIGHTS)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 Considering the team of Yoshihide Kiryu, Aska Cambridge, Shota Iizuka and Ryota Yamagata won the silver medal at the Rio Olympics, that’s no longer a far-fetched dream. At the Asian Games, they’ll face a stern challenge from China’s 4×100 relay, silver medalists at the 2015 world championships and another Olympic medal contender.“We’re aiming for the gold medal in Indonesia,” Yamagata said at a recent training camp. “We want to use the Asian Games to build confidence toward next year’s world championships and the Olympics in 2020.”Cambridge, whose father is Jamaican and mother is Japanese, competes in both the 100- and 200-meter sprints as well and is one of the rising stars in Japanese athletics.“We can feel the excitement building,” Cambridge said. “There are a lot of runners in the 100 (at the Asian Games) who can run under 10 seconds so I expect it will be a very tough race.”Five new sports have been added to the program for Tokyo 2020, and the Asian Games will feature several of those.ADVERTISEMENT ‘High crimes and misdemeanors’: Trump impeachment trial begins The most gold medals Japan has won at the Summer Olympics is 16 — in 1964 at Tokyo and in 2004 at Athens. At the Rio de Janeiro Olympics in 2016, Japan claimed the sixth-highest number of gold medals with 12.The Asian Games, being held Aug. 18 to Sept. 2 in the Indonesian cities of Jakarta and Palembang, are an important stepping stone.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone still willing to coach Gilas but admits decision won’t be ‘simple yes or no’While Japan can always count on medals in traditional Japanese sports such as judo and karate, the Asian Games will give the country a chance to gauge preparations in sports they haven’t always dominated.Nowhere is this more evident than in athletics where Japan’s 4×100-meter relay team has set its sights on the gold medal at Tokyo in 2020.center_img Peza offers relief to ecozone firms Japan has established itself as a global powerhouse in bouldering, one of three disciplines in sport climbing, and will be aiming to dominate the event in Indonesia.Baseball and softball are also returning to the Olympic program in Tokyo and, while Japan has always been a medal contender, the Asian Games will provide a good test run after a long absence from international competition.Baseball and softball haven’t been contested in the Olympics since Beijing in 2008 and Japan is hoping to take home the gold medal in both events in two years’ time.Another area where Japan is expecting an impressive medal haul is in the pool.Kosuke Hagino and teenage star Rikako Ikee are among 22 swimmers going to Indonesia for Japan.Hagino collected four gold medals and was awarded the MVP award at the 2014 edition of the Asian Games in Incheon, South Korea.The 18-year-old Ikee competed in seven disciplines, including relays, at the Rio Olympics. She is the junior world record holder in the 50-meter freestyle and 50-meter butterfly long-course events.Japan placed third overall at the 2014 Asian Games behind China and South Korea and is aiming to increase its medal haul from Incheon to Indonesia. In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Palace OKs total deployment ban on Kuwait OFWs FILE – In this Aug. 19, 2016, file photo, Japan’s Ryota Yamagata, Shota Iizuka, Yoshihide Kiryu and Aska Cambridge celebrate on the podium after winning the silver medal in the men’s 4 x 100-meter relay during the athletics competitions of the 2016 Summer Olympics at the Olympic stadium in Rio de Janeiro, Brazil. With the Tokyo Olympics less than two years away, Japanese athletes will be using the Asian Games to build confidence as they prepare to host the world on sport’s biggest stage. (AP Photo/Jae C. Hong, File)TOKYO — With the Tokyo Olympics less than two years away, Japanese athletes will be using the Asian Games to build confidence as they prepare to host the world on sport’s biggest stage.The Japanese Olympic Committee has set an ambitious target of 30 gold medals for the 2020 Olympics, almost double the national record.ADVERTISEMENT Eager to move on from finals loss, Standhardinger grateful to be playing for PH anew Judy Ann’s 1st project for 2020 is giving her a ‘stomachache’ Nadine Lustre’s phone stolen in Brazil Don’t miss out on the latest news and information. last_img read more

first_imgBerbice River Bridge tolls…commits to dialog with companyGovernment will continue to engage the Berbice Bridge Company Incorporated (BBCI) to find, for the problems besetting its operation, alternatives other than an increase in tolls.Public Infrastructure Minister David Patterson made this disclosure on Monday, on the sidelines of the National Toshaos Council’s conference. “Government’s position remains the same…we do think the proposed cost by the Berbice Bridge [Company] is way in excess, and will be burdensome to the citizens of Berbice,” he noted.Minister Patterson said Government is not contemplating toll increases for the BBCI now or in the future; nor is there any consideration of bailouts or subsidies for the bridge company.Patterson is optimistic that the two sides can engage in dialogue and come up with appropriate solutions to the BBCI problems.More than a decade after a public/private partnership (PPP) agreement had allowed construction of the Berbice River Bridge, the bridge company is now facing bankruptcy following Government’s decision to drop the toll, and its subsequent refusal to allow for an increase as per the initial agreement when the company was formed.This is according to BBCI Chairman Dr Surendra Persaud during a press conference last week. Persaud is also Chairman of the National Insurance Scheme (NIS), which holds significant shares in the BBCI.According to Dr Persaud, BBCI officials have had several engagements with Minister Patterson. Following one such engagement, Patterson had informed the BBCI that a maintenance proposal would be taken to Cabinet.Dr Persaud has said that BBCI officials were subsequently informed that toll increases were not approved. In fact, the company had applied for a toll adjustment on three occasions — twice in 2015 and once in 2016 — to no avail. It has since made another such application, dated July 9, 2018. In that application, the company has requested that the toll increases take effect by August 1.But following the press conference, the Public Infrastructure Ministry issued a statement in which it said Government was not contemplating any fare hikes.SharesMeanwhile, based on the announcement made by the company with regard to the proposed increases in tolls, Opposition Leader Bharrat Jagdeo told a media conference on Wednesday last that he was against the increases, but, moreso, he would encourage Government to buy more equity in the company.Jagdeo reasoned that Berbicians could not afford the steep increases that the company has proposed at this time. He said this was mainly so because the company is contractually obligated to maintain the Bridge. Instead, he is recommending that Government buy out other shareholders, so the Bridge becomes publicly owned.“Secondly, subsidise the increase that should take place in the toll, so they give an injection into the company so the rate remains flat,” Jagdeo has said.This formula, according to Jagdeo, would entail taking over the debt of the Bridge and securing greater equity in return.Jagdeo reminded that there was a financial model in place under the past Government, but he noted that he was unsure what had become of that under the coalition Government. He strongly believes that the financial model may have been interfered with, and this was something that had to be explained.The company is seeking increases in tolls as per the adjustment formula set out by the agreement between the BBCI and the Government of Guyana. It is understood that this tolling requirement was not applicable until 2014, after which the company made its first request just prior to the former Government leaving office. According to the toll policy, the increase is calculated based on “the level of traffic on and under the bridge for the two previous financial years.”According to the policy, “it takes consideration of the toll levels at the start of operations, any provisional toll level applied during the year, and the toll level at start of operations (is) adjusted for inflation.”The policy goes on to note that the toll level is adjusted by the use of the consumer price index of the most recent period and two years prior to that. The second part of the formula, it added, computes a provisional toll level to be used until near the end of the financial year.The ownership structure of BBCI is made up of ordinary share capital of $500 million owned by private investors, and preference shares of $950 million owned by NIS. The Bridge has a wide cross-section of investors, including various pension schemes, insurance schemes, local banks, as well as private companies and NIS.last_img read more