Home 2020 March 24

Daily Archives: March 24, 2020 | 9:20 pm

IOC, Japan agree to delay Summer Olympics to 2021

TOKYO/ATHENS -- Japan and the Olympics movement decided on Tuesday to delay this year’s Tokyo Games into 2021 as the coronavirus crisis obliterated the world’s last major imminent sporting event.

Peso strengthens anew on RRR cut

THE PESO strengthened versus the dollar on Tuesday as the central bank cut banks’ reserve ratio anew and on the US Federal Reserve’s aggressive initiatives to lessen the economic impact of coronavirus disease 2019 (COVID-19).

Shares rebound on Fed, BSP stimulus measures

LOCAL SHARES gained some momentum yesterday as investors reacted to news of monetary easing measures in the Philippines and United States.

Vehicle sales seen flat in 2020; autos considered ‘non-essential’

VEHICLE SALES in the Philippines are expected to be flat in 2020 as the enhanced community quarantine in Luzon shutters dealerships, Fitch Solutions Country Risk and Industry Research said in a downgrade of its previous estimate of 7.4% growth.
Department of Budget and Management (DBM) facade

Government authorizes negotiated procurement under state of calamity

THE Department of Budget and Management (DBM) said the government procurement policy board (GPPB) has authorized a simplified procurement process to expedite transactions during the state of calamity declared in response to the COVID-19 outbreak.
Bureau of Internal Revenue (BIR)

BIR tax amnesty deadline extended

BUREAU of Internal Revenue (BIR) has extended the cut-off date for the tax amnesty on delinquencies by another 30 days to May 23 as a form of relief to taxpayers affected by the COVID-19 lockdown.

Agri dep’t agencies to host Kadiwa farmers’ markets

AGRICULTURE Secretary William D. Dar has instructed various agencies of the Department of Agriculture (DA) to designate portions of their compounds as markets for agricultural products.
Securities and Exchange Commission (SEC) logo

SEC asks finance firms to offer borrower relief

THE Securities and Exchange Commission (SEC) is appealing to financing and lending companies to relax their requirements for borrowers while Luzon is under quarantine.

NPC warns of surge in fraud cases during lockdown

THE National Privacy Commission (NPC) is warning the public against a rise in online fraud during the COVID-19 outbreak.

DICT issues cyber-attack advisory, warns hospitals being targeted

THE Department of Information and Communications Technology (DICT) warned Tuesday of potential cyber-attacks against hospitals and health care facilities.
congress house of representatives

Congress empowers Duterte vs virus outbreak

LAWMAKERS approved a bill giving President Rodrigo R. Duterte special powers to deal with a novel coronavirus pandemic that has sickened hundreds in the Philippines and threatens to bring the economy to a standstill.

Novel coronavirus infections top 500

HEALTH authorities reported 90 new COVID-19 infections on Tuesday — a record daily increase — bringing the total to 552.

St. Luke’s stops admission of COVID-19 patients

ST. LUKE’S Medical Center on Tuesday said it had stopped admitting COVID-19 patients for confinement after both its branches in Quezon City and Taguig exceeded their capacities.

#COVID-19 Regional Updates (03/24/20)

THE FOUR persons arrested for selling overpriced thermal scanners and medical masks were presented for inquest Monday, an official of the Department of Justice said.
DFA logo seal

Nationwide round-up

THE WORLD Health Organization’s (WHO) Philippine representative has called on the private sector to help in the procurement of personal protective equipment (PPE) for health care workers, citing a global shortage problem as the new coronavirus disease, known as COVID-19, continues to spread around the world.

Now is the time to help

Besieged by the COVID-19 pandemic and pushed into adversity, the current circumstance has stimulated a surge in patriotic and emphatic response from the private sector and civil society groups.

Coping with COVID-19

The World Health Organization (WHO) has declared the coronavirus disease 2019 (COVID-19) a pandemic and people around the globe are understandably very worried, if not in a state of panic. In the Philippines, in an effort to quell the upward surge in infections similar to what is happening in other countries, President Rodrigo R. Duterte initially ordered a “community quarantine” of the National Capital Region (NCR) effective March 15 until April 1. However, on March 16, the President put the entire island of Luzon on “enhanced community quarantine” (ECQ-Luzon), strictly imposing a home quarantine, among others, starting on March 17 until April 12.

wp booster error:
td_api_base::mark_used_on_page : a component with the ID: td_180x135 is not set.

Wanted: A great leader

The coronavirus disease 2019/COVID-19 pandemic is just one more crisis, among the many, that the world has experienced in the 20th century and in the present millennium. Each crisis has been a test of leadership, underscoring the need for a great leader, someone who can rally the citizenry, inspire them and keep up their spirits in the face of discouraging odds. Someone on whose wisdom they can depend on, whose words they can believe, and in whom they can entrust their lives.

Until further notice

IN THE OSCAR’s best movie of 2019, Parasite, the poorer family, driven back to their now flooded home and herded into a relief center, is wondering what to do next. Their scheme to latch on to the household of their wealthy employers is unraveling. The son asks his father what they are to do next. The father replies, “the best plan is not to have a plan.” This reaction to catastrophe after all the scheming and planning the family did to displace the entrenched household help of the wealthy seems to be the only way to handle uncertainty. Well, the ending of this movie argues against the patriarch’s approach. (Okay, this is not a movie review. But for the record, it’s a must-see movie on the social classes of South Korea.)

Working at home should finally bury e-mail

THERE’S NOTHING GOOD about the coronavirus pandemic, but maybe there can be collateral benefits. For example, it’s already forcing people to use the technology that everybody should have embraced already.

US joins calls for Tokyo Games delay

TORONTO/TOKYO -- US Olympic organizers joined calls for the Tokyo 2020 Summer Games to be postponed due to the coronavirus pandemic, while the International Olympic Committee, according to member Dick Pound, has decided to delay the event, likely for a year.

UAAP stakeholders do share in lending support amid COVID-19

RECOGNIZING that in trying times like the ongoing threat of the coronavirus disease 2019 (COVID-19) every support counts, stakeholders of the University Athletic Association of the Philippines have moved to do their part and lend a hand to those in need.

adidas connects runners with live virtual sessions

AMID the uncertain times the world is currently plunged in because of the coronavirus disease 2019 (COVID-19), adidas is moving on, finding creative ways to see its vision of changing lives by way of sports through.

Big decisions to make

Will the 2020 Summer Olympics in Japan push through on its original scheduled date or not? That is the question the global sporting community is waiting to be answered amid the ongoing and serious concern over the coronavirus disease 2019 (COVID-19) pandemic.

To delay or not?

Considering the magnitude -- and the resources required for the staging -- of the 2020 Summer Games, it’s a wonder the International Olympic Committee continues to refrain from postponing the quadrennial spectacle due to the novel coronavirus pandemic. The closest it has come to doing so is the announcement it made over the weekend, with president Thomas Bach acknowledging the possibility and noting that discussions will be held on the matter. The actual decision, he said, will be made anytime in the next four weeks. Meanwhile, all other sporting events of smaller scope have already been moved or scuttled altogether in compliance with community quarantine measures.

Helping frontliners through HelpThru’s ONE for ONE project

Charitable organization HelpThru is gathering medical supplies to donate to local healthcare frontliners through their ONE for ONE Project.

Virtual career fair to help students find online jobs amidst pandemic

UP CAP is staging an online job and internship fair for university students and fresh graduates next week.

Real estate firm Signet pioneers property crowdfunding with Flint

Signet Properties is making a name for itself in the Philippine real estate market with innovative proptech solutions such as the real estate crowdfunding platform Flint.

BSP throws P300-B lifeline to gov’t

THE Bangko Sentral ng Pilipinas (BSP) will buy short-term securities from the Bureau of the Treasury (BTr) to support the government in lessening the impact of the coronavirus disease 2019 (COVID-19) outbreak on the economy.

Lockdown to further drag growth this year

PHILIPPINE economic growth may slow to 4.3% if the coronavirus disease 2019 (COVID-19) continues to spread and the Luzon-wide lockdown extends into the second semester, Socioeconomic Planning Secretary Ernesto M. Pernia said on Monday.

S&P downgrades growth forecasts amid pandemic

PHILIPPINE economic growth may slow to 4.3% if the coronavirus disease 2019 (COVID-19) continues to spread and the Luzon-wide lockdown extends into the second...

Outbreak exposes disparity, leaves many out of work, pay

WHAT used to be a bustling street near the Centro Escolar University in Las Piñas City was now bare, except for a cart of sorbetes being pushed by Alex H. Reales, 55.

Congress tackles bill to give Duterte special powers

CONGRESS on Monday sought to approve a measure that will give President Rodrigo R. Duterte special powers to address the national crisis triggered by the coronavirus disease 2019 (COVID-19) outbreak.

Supermarkets say goods delivery needs to improve

A SUPERMARKET association is calling for improved delivery of goods to retail outlets and organizations preparing relief goods amid the Luzon-wide enhanced community quarantine.

Yuchengco firms say jobs secure

THE Yuchengco Group of Companies (YGC) is assuring its employees that they will not lose their jobs and their salaries while Luzon is under enhanced community quarantine.

GMA Network allots P350M for workers, talents

GMA Network, Inc. is allocating P350 million for the salaries and benefits of its employees, talents and support personnel in light of the government-imposed quarantine period, the media network said on Monday.

Big business groups raise P1.5B for poor

SOME of the Philippines’ big businesses raised P1.5 billion to give out P1,000-worth of grocery vouchers to urban poor residents in Metro Manila amid the enhanced community quarantine.

An indefinite interval

ACTORS live and breathe the story of a play or musical. They memorize lines, blocking, and choreography for months prior to sending its message to an audience.

ABS-CBN Convergence allowed to operate

THE National Telecommunications Commission (NTC) has issued a memorandum order allowing ABS-CBN Convergence, Inc., whose franchise had expired on March 17, 2020, and other telecommunications companies of the same status to continue to operate during the Luzon-wide quarantine period, ABS-CBN Corp. said.
SEC logo

SEC tells firms to secure work pass for employees

THE Securities and Exchange Commission (SEC) is asking capital markets institutions to fix employee requirements to be exempted from the Luzon-wide quarantine.

Ben&Ben to hold fundraising online concert

INDIE folk pop band Ben&Ben is holding an online performance on March 27, 7 p.m., on its Facebook page to raise funds to assist the frontliners of the COVID-10 pandemic in the Philippines.

Condo complex to rise in Davao

DAVAO CITY -- Two local business families here have teamed up for a four-building condominium complex, called Legacy Leisure Residences, that is targeted for young families as well as buyers who intend to rent out their units to tourists and long-term occupants.

Highly recommended arcade anthology

NIPPON ICHI Software America has released Psikyo Shooting Stars Bravo, the second of two anthologies of classic shoot ‘em ups produced by Kyoto, Japan-based Psikyo, a videogame development company established in the early 1990s, and, not surprisingly, it winds up approximating the quality of its predecessor. As with Psikyo Shooting Stars Alpha, the collection is made up of six shooters that preserve the look and feel of their arcade source material. And, as with Psikyo Shooting Stars Alpha, it boasts of an overall gameplay experience that, with updated graphics and sounds, exceeds expectations.

Lopez companies start relief efforts

LOPEZ-LED companies have been extending their help in various relief operations to aid those affected by the Luzon-wide lockdown.

Felcris group allots P1.2B for hotel, convention center

DAVAO City-based Felcris Hotels and Resorts Corp. is planning to build a hotel and convention center with an estimated budget of P1.2 billion.