| |
|
'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:
Two-time middleweight world champion Gennadiy Golovkin confirmed as new President of World Boxing at Congress 2025 in Rome
, Mon, 24 Nov 2025Panama City will host the World Boxing Ordinary Congress in 2026
By Gabriel F. Cordero, , Mon, 24 Nov 2025Tadlas, Busayong rule 42K in 3rd SDSPPO Run for a Cause
By Lito delos Reyes, , Mon, 24 Nov 2025"The Mexican Monster" Terrorizes the 175: Benavidez Demolishes Yarde to Win WBC Light Heavyweight Title
By Dong Secuya, , Sun, 23 Nov 2025Harden scores 55 points for a new LA Clippers record
By Gabriel F. Cordero, , Sun, 23 Nov 2025Devin Haney Dominates Brian Norman Jr. to Claim WBO Welterweight Title
By Dong Secuya, , Sun, 23 Nov 2025"Bam" Rodriguez Stops "Puma" Martínez in 10
By Dong Secuya, , Sun, 23 Nov 2025Abdullah Mason Edges Sam Noakes in War, Becomes Youngest Current World Champion
By Dong Secuya, , Sun, 23 Nov 2025OLYMPIC BOXING 2: 1908 OLYMPICS AT LONDON, ENGLAND
By Maloney L. Samaco, , Sat, 22 Nov 2025FRANCISCO VERON DOMINATES ROIMAN VILLA IN MAIN EVENT OF PROBOXTV’S FRIDAY NIGHT FIGHTS AT WAR MEMORIAL AUDITORIUM IN FORT LAUDERDALE
, Sat, 22 Nov 2025Lining enters Round of 32
By Marlon Bernardino, , Sat, 22 Nov 2025The Ring IV: Night of Champions Set to Ignite Riyadh Saturday
By Dong Secuya, , Sat, 22 Nov 2025Final list of candidates announced for elections at World Boxing Congress 2025
, Sat, 22 Nov 2025RING/DAZN PPV Card Gives Bang for the Bucks
By Chris Carlson, , Fri, 21 Nov 2025WEIGHTS FROM PROBOXTV’S FRIDAY NIGHT FIGHTS
, Fri, 21 Nov 2025JC Chavez Jr to return in January 2026
By Gabriel F. Cordero, , Thu, 20 Nov 2025Houston Rockets Subdue Cleveland Cavaliers, 114-104, Gain Tie for 2nd in the West
By Teodoro Medina Reynoso, , Thu, 20 Nov 2025OLYMPIC BOXING 1: 1904 OLYMPICS AT ST. LOUIS, MISSOURI, UNITED STATES
By Maloney L. Samaco, , Thu, 20 Nov 2025Pacquiao, Nine Other Pinoys in Latest Ring Ratings
By Teodoro Medina Reynoso, , Thu, 20 Nov 2025QUOTES FROM MANNY PACQUIAO PROMOTIONS LOS ANGELES OPEN WORKOUT AT WILD CARD BOXING CLUB AND LAS VEGAS OPEN WORKOUT AHEAD OF NOV. 29 FIGHT NIGHT AT PECHANGA RESORT CASINO
, Thu, 20 Nov 2025Super Featherweight Sluggers ‘Tsendy’ Erdenebat and Abraham Montoya Agree to Meet in Short-Notice Co-Featured Bout on Proboxtv’s Friday Night Fights
, Thu, 20 Nov 2025Cartagenas, Yu top 4th DCHS Fun Run
By Lito delos Reyes, , Thu, 20 Nov 2025THE PAST WEEK IN ACTION 18 NOVEMBER 2025: Espinosa Defeats Khegai; Benn Gets Even With Eubank Jnr; Catterall Stops Essuman
By Eric Armit, , Wed, 19 Nov 2025Paras to challenge Malajika for IBO World super flyweight title on Nov. 29 in South Africa
By Lito delos Reyes, , Wed, 19 Nov 2025Lebron James is first player to play 23 seasons in NBA history
By Gabriel F. Cordero, , Wed, 19 Nov 2025 |
|
|
|
|
|
