| |
|
'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:
THE PAST WEEK IN ACTION 25 MAY 2026: Usyk Defeats Verhoeven in Controversial Stoppage; Catterall UD Giyasov; Hiruta Beats Soliman; Sanchez KOs Torrez; Jones Stops Gualtieri
By Eric Armit, , Tue, 26 May 2026WBC #14 Bryan Flores Takes on Jonathan Navarro in 10-round Super Lightweight Main Event on ProBoxTV, Sat., July 18, at NOS Events Center in San Bernardino, Calif.
, Tue, 26 May 2026Villarosa retains PH Youth super fly crown
By Lito delos Reyes, , Tue, 26 May 2026USA Boxing Elite High Performance Squad Earns Six More Wins on Day Eight at 2026 Copa America
, Tue, 26 May 2026It’s time for blue-chip prospect Marco Romero to sign with top promoter
, Tue, 26 May 2026General Trias Team All Set for International Chess Meet
By Marlon Bernardino, , Tue, 26 May 2026Rosas wins PH superfly crown in first fight
By Lito delos Reyes, , Mon, 25 May 20262026 NBA Playoffs: Spurs Shackle Thunder 103-82 in Game 4 of West Finals
By Reylan Loberternos, , Mon, 25 May 2026Paciones defeats Laspoña, retains WBO Oriental flyweight title
By Lito delos Reyes, , Mon, 25 May 2026Results from Panama City
By Gabriel F. Cordero, , Mon, 25 May 2026USA Boxing Elite High Performance Squad Improves Strong Copa America Showing with 8 win Day
, Mon, 25 May 2026Benilde Blazers wins Antipolo 2x2 chess team tournament
By Marlon Bernardino, , Mon, 25 May 2026Floyd Mayweather Jr files $175 million lawsuit against former associates and advisors
By Gabriel F. Cordero, , Sun, 24 May 2026Christian Mbilli will defend his WBC super middleweight world title against Saul “Canelo” Alvarez on September 12 in Saudi Arabia!
, Sun, 24 May 2026Toro Promotions’ Trio victorious in Mexico
, Sun, 24 May 2026Team USA Continues Dominant Run with 7-0 Performance on Day Six In Colombia
, Sun, 24 May 2026The Punisher Ultramarathon in Samal on May 30-31
, Sun, 24 May 2026Paciones fights Laspoña tomorrow at Elorde gym
By Lito delos Reyes, , Sat, 23 May 2026STATEMENT MADE! AMARI “THE REAPER” JONES DEFEATS VINCENZO “IL CAPO” GUALTIERI IN IBF MIDDLEWEIGHT WORLD TITLE ELIMINATOR
, Sat, 23 May 2026Castillano stops Rosales in 1st round
By Lito delos Reyes, , Sat, 23 May 2026ProBoxTV Goes Global This Saturday with Two Action-Packed International Events Broadcast Live on One Sensational Saturday
, Sat, 23 May 2026Oleksandr Usyk Returns Against Unknown Boxer on RING/DAZN PPV
By Chris Carlson, , Sat, 23 May 2026Ayala Lardizabal stops Mama as IBA PRO 18 delivers dramatic night in Mexico City
, Sat, 23 May 2026MF PRO Launches U.S. Boxing Debut with “Pugilist Revolution” Featuring "H2O" Sylve vs. Joseph “JoJo” Diaz in Southern California Showdown
, Sat, 23 May 2026Dela Cerna fights Lastimosa on June 21 in Muntilupa
By Lito delos Reyes, , Sat, 23 May 2026 |
|
|
|
|
|
