first_imgMOST READ The top five remained largely intact this week, with Joel Cagulangan of La Salle Greenhills, Will Gozum of Mapua, and CJ Cansino holding fort in their spots.Also making leaps were Ateneo’s Dave Ildefonso at seventh and NU’s Terrence Fortea at 14th.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkHere is the list for the seventh week of Chooks-to-Go NBTC 24, with last week’s rank in the parenthesis:Kai Sotto, center, Ateneo (2)SJ Belangel, guard, Ateneo (1)Joel Cagulangan, guard, La Salle Greenhills (3)Will Gozum, center, Mapua (4)CJ Cansino, forward, UST (5)L-Jay Gonzales, guard, FEU-Diliman (6)Dave Ildefonso, forward, Ateneo (8)Rhayyan Amsali, forward, NU (7)Aaron Fermin, center, Arellano (9)Clint Escamis, guard, Mapua (10)John Galinato, guard, Chiang Kai Shek (11)Inand Fornilos, forward, CSB-LSGH (12)Warren Bonifacio, center, Mapua (13)Terrence Fortea, guard, NU (19)RJ Abarrientos, guard, FEU-Diliman (14)Evan Nelle, guard, San Beda (15)Joem Sabandal, guard, Adamson (16)Beirn Laurente, guard, UV (17)Raven Cortez, center, La Salle Zobel (20)Miguel Oczon, forward, NU (24)Alex Visser, center, SHS-Ateneo de Cebu (18)Mac Guadaña, guard, Lyceum (21)Harvey Pagsanjan, guard, Hope Christian (23)Joshua Yerro, forward, UV (22)Every week, a panel of coaches, sportswriters, and a statistician converge to come up with the weekly rankings to determine the top 24 high school players in the UAAP, CESAFI-NBTC, MMBL, and FCAAF tournaments, together with the recently concluded NCAA competition. UK plans Brexit celebrations but warns businesses may suffer For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. Phivolcs records 2 ‘discrete weak ash explosions’ at Taal Volcano The players were ranked based on the following criteria: league stats, impact in team, team record, leadership, defense, offense, and level of competition.The top 24 players still on the board for the power rankings in early March will be picked to play in the SM-National Basketball Training Center (NBTC) High School All-Star Game later that month at Mall of Asia Arena. Photo by Tristan Tamayo/ INQUIRER.netKai Sotto is once again on top in the penultimate week of the Chooks-to-Go/National Basketball Training Center 24 power rankings.Towering over his competition in Game 1 of the UAAP Season 80 juniors’ Finals, the “23-for-23” cadet unleashed an awe-inspiring triple-double of 22 points, 16 rebounds, and 11 blocks to reclaim his spot over teammate SJ Belangel.ADVERTISEMENT Phivolcs records 2 ‘discrete weak ash explosions’ at Taal Volcano Steam emission over Taal’s main crater ‘steady’ for past 24 hourscenter_img Nueva Ecija warehouse making fake cigarettes raided, 29 Chinese workers nabbed LATEST STORIES 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 Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew It’s too early to present Duterte’s ‘legacy’ – Lacson TNT stays in playoff hunt, routs quarterfinals-bound NLEX Sea turtle trapped in net freed in Legazpi City GALLERY: Barangay Ginebra back as PBA Governors’ Cup kings View commentslast_img read more

first_imgThe Bank of Guyana (BoG) has decided to stop minting the $1 coin, and this could see this currency, first introduced during 1996, being removed from circulation in a few years’ time.A notice from the BoG has said the decision to stop minting this coin is based on the general public’s reluctance to accept it, compounded by the low redemption rates and high production cost.A senior BoG official told Guyana Times that it is costing the bank four times more than the normal cost to produce one coin. In other words, it currently costs the bank $5 to produce one dollar coin.Although the BoG would no longer be minting the dollar coin, this currency would continue to be a legal tender, and would continue to be accepted throughout Guyana. The BoG notice has said that if, for some reason, the $1 coin is not available, payments may be rounded to the nearest $5.The BoG has said it would continue to issue the $1 coin until the stock is depleted, and it will exchange these coins for banknotes. Stopping the dollar coin from circulation is nowhere close to happening, it has said.A local expert in finance and economics told this newspaper that the decision taken by the BoG is a necessary one, and should have been made much earlier.He confirmed what many Guyanese have said over the years: that the $1 coin does not carry any value. In fact, the expert feels that not only should the BoG stop minting the $1 coin, but the $5 coin also.To support his argument, the expert said that coins are also bad for the environment, especially since most of them are metal copper plated. So, reducing the production of metal would be beneficial.Another point he raised is the fact that coins are cumbersome for people’s wallets. And with the transition to credit and debit cards, it becomes even more irrelevant to have those coins around.Guyana currently has one-dollar coins, five-dollar coins and 10-dollar coins in circulation.last_img read more