first_imgThe loss to Frampton has prompted Nonito Jr. (38-5, 24 KOs) to drop back down to 118 pounds, a move that his father seemingly approves of.Nonito Sr. believes his son still has a lot left in his tank.“He doesn’t abuse his body. He just needs to do great in training.”The 35-year-old Nonito Jr. will reportedly make his return to the bantamweight division later in the year in the World Boxing Super Series, pitting him against the top fighters in the weight class in a single-elimination tournament.ADVERTISEMENT Don’t miss out on the latest news and information. Putin’s, Xi’s ruler-for-life moves pose challenges to West “I-remain na lang natin na ganito kasi mas maganda relasyon namin sa ganito kaysa nagsasama na hindi kami maligaya parehas so mas maganda na ganito na lang,” Nonito Sr., who is currently part of Manny Pacquiao’s corner as assistant trainer, said on Tuesday when asked if he would want to be in his son’s corner again if given a chance.(Let’s keep our relationship this way rather than the two of us are together and we’re not happy. It’s better for us this way.)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’The two had an acrimonious falling out in 2009 before reconciling four years later. But their second run together lasted for only three years after the elder Donaire resigned as head trainer in 2016.The former undisputed featherweight champion went 6-1 from 2013 to 2016 under the guidance of his father and has since dropped two of his last three fights including a unanimous decision defeat to Carl Frampton almost three months ago in Belfast, Northern Ireland. Belgium’s golden generation falls short again at World Cup Report: Disney dropping the ‘Fox’ from movie studio names MOST READ View comments Nonito Donaire Sr. is part of Manny Pacquiao’s corner versus Lucas Matthysse. Photo by Mark GiongcoKUALA LUMPUR—Don’t expect a father-son boxing reunion between the Donaires happening anytime soon.Nonito Donaire Sr. feels it’s best for him and his son Nonito Jr. to stay on separate terms as far as the boxing career of the four-division champion is concerned.ADVERTISEMENT Nadine Lustre’s phone stolen in Brazil Palace OKs total deployment ban on Kuwait OFWs 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 In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Volcano watch: Island fissures steaming, lake water receding ‘High crimes and misdemeanors’: Trump impeachment trial begins Sports Related Videospowered by AdSparcRead Next Trump assembles a made-for-TV impeachment defense team Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew LATEST STORIESlast_img read more

first_imgThe Liberia Business Association (LIBA) has rejected the proposition for the eradication of dual currency in Liberia, arguing that the country does not have the productive capacity to institute a single currency regime.LIBA said the international financial system would not have confidence in the country’s single currency owing to the country’s low economic output, coming from conflict and being characterized by mismanagement of its economy over the decades.The Secretary General of LIBA, Ms. Leelai M. Kpukuyou, gave her expert opinion to lawmakers yesterday in Ganta, Nimba County, during a five-day retreat on the Proposed Amendments to the 1986 Constitution of Liberia.Ms. Kpukuyou said though timing is important, LIBA believes that the House of Representatives should delay moving toward a single currency in the immediate future until productive capacities are greatly improved.“Until we add value to our own currency through Liberian businesses we cannot have a single currency,” Ms. Kpukuyou said. “We need to take our economy from the hands of foreigners, formalize the informal business sector, then we are ready for a single currency.”She pointed out that despite the high rate of exchange – L$88 to US$1 – Liberia’s economic recovery is in fact still being supported by the use of the dual currency system.She said recent statistics from the Central Bank of Liberia (CBL) indicate that more than 70% of broad money (M1 and M2) is denominated in US dollars.“Accordingly, the use of the dual currency regime has been a blessing for Liberia’s economic recovery,” Ms. Kpukuyou said.“While Liberia has officially sanctioned the use of the United States dollar as legal tender, it is not the only country in the world with high dollarization. Other countries, such as Ecuador, El Salvador, Panama and Timor Leste have higher proportions of foreign currency deposits to broad money.”The strength of any country’s currency depends on productivity for local consumptions and for export, which will allow the country to maintain a considerable balance, according to Kpukuyou .During the formal opening program, the Presiding Chairman on the House Joint Committee on Good Governance, Elections and Inauguration and Judiciary and the Chairman on the Constitutional Review Committee (CRC) gave an overview of the retreat.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more