Cavaliers send Thomas, Frye to Lakers for Clarkson, Nance

first_imgAFP official booed out of forum View comments Isaiah Thomas #3 of the Cleveland Cavaliers yells to a teammate during the second half against the Portland Trail Blazers at Quicken Loans Arena on January 2, 2018 in Cleveland, Ohio. The Cavaliers defeated the Trail Blazers 127-110. Jason Miller/Getty Images/AFPThe Cleveland Cavaliers have acquired Jordan Clarkson and Larry Nance Jr. from the the Los Angeles Lakers just before the trade deadline, a report said.In a report from ESPN’s Adrian Wojnarowski, the Cavaliers are shipping away Isaiah Thomas and Channing Frye and their 2018 first-round pick in exchange for Clarkson and Nance.ADVERTISEMENT This after Thomas, who was traded to Cleveland in a deal that sent  Kyrie Irving to the Boston Celtics, just said that he wanted to stay put for good.“I don’t [want to be traded],” Thomas said on the eve of the trade cutoff according to a separate ESPN report. “I’m tired of being traded. That’s not a good thing, but I just want to be where I’m wanted. I like it here. It hasn’t been as planned, but I definitely want to be here. We definitely have a real chance to win an NBA championship, and I want to be a part of that.”FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutIt was only the diminutive guard’s 15th game with Cavaliers after a much-hyped return from a hip injury. He was averaging 14.7 points, 2.1 rebounds and 4.5 assists before the trade.The younger and taller Clarkson, meanwhile,  is leaving the Lakers after four seasons where he averaged 14.3 points, 3.3 rebounds, 2.9 assists and 1 steal. Don’t miss out on the latest news and information. LATEST STORIES Filipino athletes get grand send-off ahead of SEA Games PLAY LIST 01:27Filipino athletes get grand send-off ahead of SEA Games00:50Trending Articles00:59Sports venues to be ready in time for SEA Games01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City 2 ‘newbie’ drug pushers fall in Lucena sting MOST READ Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PHcenter_img John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Both Thomas and Frye have expiring contracts, as per the ESPN report.Nance, a Ohio native, is following the footsteps of his father Larry Sr., who had an illustrious 14-year career with the Cavaliers. He registered 8.6 points, 6.8 rebounds and 1.4 assists in three seasons with the Lakers. Slow and steady hope for near-extinct Bangladesh tortoises Typhoon Kammuri accelerates, gains strength en route to PH Read Next Philly celebrates 1st Super Bowl title with parade NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers Brace for potentially devastating typhoon approaching PH – NDRRMClast_img read more

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IDB to Provide More Than US$50 Million Per Year for Investment Projects in Jamaica

first_imgStory Highlights The Inter-American Development Bank (IDB) is making more than US$50 million a year available for investment in a number of projects in Jamaica, through its investment arm, IDB Invest. The Inter-American Development Bank (IDB) is making more than US$50 million a year available for investment in a number of projects in Jamaica, through its investment arm, IDB Invest.IDB Invest General Manager, James P. Scriven, who made the disclosure on Friday (October 19), said that tourism, infrastructure, transportation, ports, roads, as well as the financial sector, are the areas identified to benefit. He said the funds will be made available over “a couple of years”.He was speaking at a luncheon hosted by the IDB’s new Executive Director for Caribbean countries, Ambassador Selwin Hart, at the organisation’s headquarters in Washington DC.Mr. Scriven told the Caribbean Ambassadors and IDB officials in attendance that IDB Invest is taking keen interest in Jamaica and its development, noting that the funds being made available will support key growth projects.Meanwhile, he affirmed the IDB Group’s commitment to supporting investments for projects within the wider Caribbean.“We have over US$300 million that we will loan to various projects in the Caribbean, as we feel the IDB needs to pay more attention and give more financial support to the Caribbean,” he informed.He noted that the Bank had employed staff in all the Caribbean countries where it has a presence, in order to ensure that the necessary groundwork for the expansion of IDB Invest can take place.Jamaica’s Ambassador to the United States and Chairman of the CARICOM Caucus of Ambassadors, Her Excellency Audrey P. Marks, welcomed the announcement of IDB funds to be made available for projects in Jamaica.“This latest expanded financial framework from IDB Invest, which will allow projects as small as US$1 million to be included, will help tremendously in improving small and medium-sized enterprise investment in our tourism, infrastructure, transportation and financial sectors,” she pointed out.Ambassador Marks said that as Chairman of the CARICOM Caucus of Ambassadors, she is pleased that IDB Invest is looking to help finance a number of projects throughout the region.“A major focus of the CARICOM Caucus of Ambassadors over the next couple of months is to find ways to attract new investments into the Caribbean and with new investors, the partnership with international financial institutions such as IDB Invest, will add credibility and viability to projects. I am, therefore, happy to note this additional over US$300 million for investment projects throughout the Caribbean,” she pointed out.Ambassador Marks congratulated Ambassador Hart, who is from Barbados, on his IDB appointment, and expressed support on behalf of Caribbean Ambassadors in Washington, DC, “in working together to get the job done”.Ambassador Hart, for his part, said the Caribbean office is “strategically engaging key departments across the IDB Group to identify new opportunities for the region, and are keen to work with management on bringing more Caribbean talent into the Bank, including at senior levels”.“We are working on strengthening our internal coordination and collaboration to better project a strong Caribbean identity across the Bank, strengthening existing relationships and building new ones, as well as working closely with the other CARICOM countries that are not formally part of our constituency on the Board but, nevertheless, share the same priorities and interests,” he added. He was speaking at a luncheon hosted by the IDB’s new Executive Director for Caribbean countries, Ambassador Selwin Hart, at the organisation’s headquarters in Washington DC. IDB Invest General Manager, James P. Scriven, who made the disclosure on Friday (October 19), said that tourism, infrastructure, transportation, ports, roads, as well as the financial sector, are the areas identified to benefit. He said the funds will be made available over “a couple of years”. last_img read more

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