| |
|
'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:
Five stitches for Donaire’s cut
By Joaquin Henson, , Tue, 17 Mar 2026Roberto Gomez Training Camp Notes
, Tue, 17 Mar 2026Esneth Domingo Trains at the Wildcard Gym in Los Angeles Ahead of His US Debut
, Tue, 17 Mar 2026Tatay Digong Birthday Run on March 28
By Lito delos Reyes, , Tue, 17 Mar 202612-0 prospect Marco Romero to headline This Friday in Independence, Missouri
, Tue, 17 Mar 2026700 athletes on March 21-22 at UM
By Lito delos Reyes, , Tue, 17 Mar 2026United States Earns Four Gold Medals on Final Day of 2026 World Boxing Futures Cup
, Mon, 16 Mar 2026Mexico wins 2 bronze medals at World Boxing Futures Cup in Bangkok
By Gabriel F. Cordero, , Mon, 16 Mar 2026Arnold Barboza Jr. Shines in Welterweight Debut, Defeats Kenneth Sims Jr. to Claim Wbo Global Welterweight Title
, Sun, 15 Mar 2026WBC top contender Canoy returns to Davao with Unanimous Decision Victory
, Sun, 15 Mar 2026John Randall Peralta: The Future of the Philippine Chess
By Marlon Bernardino, , Sun, 15 Mar 2026Alvin “Felemon” Dologuin Claims Win in Brico Santig’s Show in Thailand (PHOTOS)
, Sun, 15 Mar 2026Donaire's Yokohama Showdown: Can our Filipino Flash Outshine the Rising Sun? (WEIGH-IN PHOTOS)
By Carlos Costa, , Sun, 15 Mar 2026USA Boxing Youth High Performance Team Wins Five of Eight Bouts on Day Six
, Sun, 15 Mar 2026Shai Gilgeous-Alexander surpasses Chamberlain's record of 127 consecutive NBA games with 20 points or more
By Gabriel F. Cordero, , Sun, 15 Mar 2026World-Ranked Light Heavyweight Najee Lopez Stops Mexican Terminator Manuel Gallego in Eight Classic Rounds in Main Event of ProBoxTV’s ‘The Contender Series’
, Sat, 14 Mar 2026Weigh-in from Highland Boxing in Bangkok, Thailand; Dologuin in Action (WEIGH-IN PHOTOS)
, Sat, 14 Mar 2026Oval rules 35th CityHeights slugfest
By Lito delos Reyes, , Sat, 14 Mar 2026Sims vs. Barboza and Dickens vs. Cacace Headline Doubleheader on DAZN
By Chris Carlson, , Sat, 14 Mar 2026Rubilen Amit sustains amazing run of victories at WPBA Pool in New York
By Marlon Bernardino, , Sat, 14 Mar 2026Weights Set in Anaheim: Barboza Jr. and Sims Jr. Ready for Welterweight War; Collazo Defends Titles
, Sat, 14 Mar 2026Rising Young Star Yoenis Tellez Takes on Top Contender Brian Mendoza in New Co-Main Event of PBC Pay-per-View Event Available on Prime Video Saturday, March 28
, Sat, 14 Mar 2026Five USA Boxers Qualify for Medal Rounds on Day Six of 2026 World Boxing Futures Cup
, Sat, 14 Mar 2026Rubilen Amit off to hot start in her WPBA debut
By Marlon Bernardino, , Sat, 14 Mar 2026Pavel Sosulin stops Victor Nagbe to remain unbeaten at IBA Pro 15 in Saint Petersburg
, Fri, 13 Mar 2026 |
|
|
|
|
|
