| |
|
'US financial crisis can't stop Pacquiao-De La Hoya fight'
By Danyeva Grace C. Donato PhilBoxing.com Sat, 27 Sep 2008
"The fight between Manny Pacquiao and Oscar De La Hoya will proceed as scheduled on December 6 in Las Vegas, Nevada and the current financial crisis that hit New York City will not affect the multi-million promotion."
Thus was the statement made by respected businessman-sportsman Daniel P. Sumagaysay in a sports forum dubbed "Ilonggo Power" at the Danny's Restaurant and Catering Services in Pototan, Iloilo yesterday (September 26).
Sumagaysay, 52, said "incidentally, New York City will host the fight's promotional kick off tour on Oct. 1."
He said America, the world's strongest economy, "can withstand the current crisis and there is no need to press the panic button." Americans, Sumagaysay said, "are among the most relaxed people on earth and they always treat as challenge any crisis that come their way."
Sumagaysay echoed the sentiments of Counselor for Economic Affairs Larry L. Memmott of the Embassy of the United States of America, who had earlier dismissed as "exaggeration" reports that the US economy is in tailspin as reported in giant media networks early this year.
"The issue has been exaggerated," he quored Memmott who visited Iloilo City mayor Jerry P. Tre?as in city hall last January 29. "Economist should study business cycle because sometimes the economy go up and down."
Dr. Kurt Richebacher, in his analysis for the US recession, stressed that trying to assess the situation and further growth prospects of the US economy, the first important fact to see is that the US economic recovery since November 2001 has been by far the weakest in the whole postwar period.
Click here to view a list of other articles written by Danyeva Grace C. Donato.
Recent PhilBoxing.com In-House articles:
11-Year-Old Filipino-American Megan Paragua Makes History by Winning the World Cadet Rapid & Blitz Championships By Marlon Bernardino, , Sun, 28 Apr 2024WORLD POOL MASTERS 2024 | DEFENDING CHAMPION KO PIN YI KNOCKS OUT WNT NO.1 FRANCISCO SANCHEZ IN QUARTER-FINAL , Sun, 28 Apr 2024Men whom Manny retired By Joaquin Henson, , Sun, 28 Apr 2024Astrolabio waiting for fight date against Nakatani By Lito delos Reyes, , Sun, 28 Apr 2024Saludar to fight for WBO Oriental title By Lito delos Reyes, , Sun, 28 Apr 2024Former Unified World Champion Marlon Tapales Looks Forward to His Homecoming Bout at Midas Hotel and Casino in Manila, Philippines , Sat, 27 Apr 2024Mavs, Pacers Forge Ahead, 2-1, in Matches to Watch By Teodoro Medina Reynoso, , Sat, 27 Apr 2024Weights from Washington PA. , Sat, 27 Apr 2024Joe DeGuardia’s Star Boxing Signs Undefeated Super Middleweight Contender Junior Younan , Sat, 27 Apr 2024WFM Megan Althea Obrero Paragua grabs solo lead in the World Cadet Rapid & Blitz Championships 2024 By Marlon Bernardino, , Sat, 27 Apr 2024WEIGHIN RESULTS FOR RAMIREZ VS. BARTHELEMY | ORTIZ JR. VS. DULORME DOUBLEHEADER , Sat, 27 Apr 2024"LET"S SETTLE" NINE PHILLY FIGHTERS ON ONE PHILLY CARD Saturday, April 27, Liacouras Center on the Campus of Temple! , Sat, 27 Apr 2024DEFENDING CHAMPION KO PIN YI ADVANCES TO QUARTER-FINALS | WORLD POOL MASTERS 2024 , Sat, 27 Apr 2024MCGRAIL VS. LEACH WEIGHTS AND RUNNING ORDER , Sat, 27 Apr 2024WBC 2024 Convention to Held in Hamburg By Gabriel F. Cordero, , Sat, 27 Apr 2024Hall of Famer & Boxing Icon Roberto Duran Confirmed for Seventh Annual Box Fan Expo, During Cinco De Mayo Weekend, Saturday May 4, in Las Vegas , Sat, 27 Apr 2024HISTORY MADE AS EFREN REYES CUP TO LAUNCH IN THE PHILIPPINES IN 2024 , Fri, 26 Apr 2024Denver Proves It Can Win in Los Angeles as Knicks, Cavaliers Fall in Philadelphia, Orlando By Teodoro Medina Reynoso, , Fri, 26 Apr 2024IMs Young, De Guzman to compete in Vietnam By Marlon Bernardino, , Fri, 26 Apr 2024RAMIREZ VS. BARTHELEMY | ORTIZ VS. DULORME DOUBLEHEADER FINAL PRESS CONFERENCE QUOTESS , Fri, 26 Apr 2024ADRIEN BRONER VS BLAIR COBBS, MIKAELJAN VS. ROZICKI ON FRIDAY, JUNE 7 AT SEMINOLE HARD ROCK HOTEL & CASINO , Fri, 26 Apr 2024DAZN teams up with OnlyFans for boxing content By Gabriel F. Cordero, , Fri, 26 Apr 2024Jafarov, Lukas, Kittipong, Hawton, Purcell Score KO Wins in Highland Show in Thailand By Carlos Costa, , Fri, 26 Apr 2024MCGRAIL VS. LEACH FINAL PRESS CONFERENCE QUOTES , Fri, 26 Apr 2024TOP AMERICAN HEAVYWEIGHT JERMAINE FRANKLIN HEADLINES NEXT INSTALLMENT OF “BIG TIME BOXING USA,” PRESENTED BY SALITA PROMOTIONS , Fri, 26 Apr 2024 |
|
|
|
|
|