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Monthly Archives: April 2020

PSE bells

Index boosted by optimism about easing lockdown

THE MAIN INDEX kept its upward trajectory yesterday as investors remained optimistic in anticipation of easing quarantine measures in select areas across the country.

Peso continues to rise on strong reserve data

THE PESO continued to strengthen on Thursday on the back of higher dollar reserves and continued risk-on sentiment due to news of the gradual lifting of lockdowns in some parts of the United States.

Philippines seeks $750-M COVID-19 loan from AIIB

THE Philippines has applied for a $750-million facility from China’s Asian Infrastructure Investment Bank (AIIB) to help fund the coronavirus pandemic 2019 (COVID-19) containment effort, with the application expected to be acted on by mid-May.

DoE could outline plans for strategic oil reserve by June

THE Department of Energy (DoE) is planning to issue a circular by June outlining plans for the establishment of a strategic oil reserve.

ASF largely confined to Luzon except for two Mindanao provinces

AFRICAN swine fever (ASF) has been confirmed in 23 provinces across eight regions as of April 27, the Department of Agriculture (DA) said, noting that outside of Luzon, the disease is present only in two of the Davao provinces.

Garment industry seeks revival of domestic textile production

THE Philippines must revive its textile industry following global supply chain disruptions during the coronavirus disease 2019 (COVID-19) outbreak, which cut off the garment industry from imported raw material, Philexport textiles, yarn, and fabric trustee Robert M. Young said.

Railway projects on track, major airport works to proceed — DoTr

THE Department of Transportation (DoTr) said its ongoing railway projects are still on track despite the disruptions from the enhanced community quarantine (ECQ).

CIC launches portal for ‘contactless’ credit database access

STATE-RUN Credit Information Corp. (CIC) said it launched its Covered Entity Portal, through which financial institutions can register and submit documents online.

DoH says no COVID-19 peak yet as confirmed cases soar to 8,488

CORONAVIRUS infections in the Philippines have not reached their peak, the Department of Health (DoH) said on Thursday, as 276 new cases were added to bring the total to 8,488.
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Philippines protests China’s creation of two new districts

THE Philippines on Thursday protested China’s creation of two new districts in the South China Sea because these are supposedly part of Philippine territory and sea zones.

Church and work meetings allowed under relaxed rules

THE government will allow religious and work-related gatherings under a relaxed lockdown in some areas of the country, the presidential palace said on Thursday.
Leila M. De Lima

De Lima cries ‘foul’ as Senate bars her from online sessions

DETAINED Senator Leila M. de Lima on Thursday decried the Senate leadership’s decision to bar her from joining the chamber’s virtual sessions next week, saying it is “foul and unfair.”

#COVID-19 Regional Updates (04/30/20)

SEVERAL local governments in Mindanao, where only Davao City has been declared as a high risk area for the coronavirus disease 2019 (COVID-19), want to extend the strict quarantine measures being implemented despite a greenlight to ease restrictions by May 1.

Nationwide round-up

THE DEPARTMENT of Labor and Employment (DoLE) will soon be releasing a recovery plan that will include a three-month wage subsidy for workers in micro and small businesses affected by the coronavirus disease 2019 (COVID-19) crisis.

CEED: Environment should not be compromised in a ‘new normal’

Going back to a new normal necessitates a radical shift to sustainable practices and resources that no longer degrades the environment, according to a...

Caring for the vulnerable elderly

By Michaela Tangan Features Writer, The Philippine STAR Why are they at risk and what can we do to help? In hard-hit areas such as the US...

Are we ready to bounce back?

After almost two months of economic lockdown by May 15, we pray that circumstances would be more conducive to slowly opening up the economy. We should now be preparing to pick up the pieces and to bounce back. Are we ready?

In capable hands

If the COVID-19 pandemic has demonstrated anything, it is how imperfect such institutions as governments and even entire societies are -- and that some are more flawed, damaged, and damaging than others.

Transition and liminality

We are living in uncertain, challenging times. We are not in control of our lives. Our set patterns have changed. What was once familiar no longer feels or looks the same. The inexplicable situation is beyond the theories, statistics, reports, charts, analyses of the medical experts and scientists, task force and the instant know-it-all pseudo-writers.

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Democracy versus the coronavirus

Want to know why many areas in the Philippines have been in lockdown for more than 45 days now, nearly 8,000 Filipinos have been infected by the coronavirus that causes COVID-19 with more than 530 dead, the economy damaged, many facing unemployment or bankruptcies, the education of our youth made uncertain?

Better normal, not new normal

IN THESE TIMES of COVID-19, the big challenge for most of us is how to protect ourselves and our families from the virus and how to hold on to our jobs. For policy-makers that translates into beating the pandemic without doing irreversible damage to the economy in the process.

Politics and Crisis: A discussion series:Governing the new normal

SIX WEEKS after the beginning of this discussion series and around six months since the beginning of the COVID-19 pandemic, we find our personal and collective worlds in a state of pause. From the initial shock and panic brought by lockdowns and other similar state measures, countries now find themselves in a holding pattern that has highlighted the variations in leadership, decision making, and citizen response. The ongoing challenge of borders and mobility also amplifies the fragility of a global system that heavily relied on hard security and economic power, but is now appraised on the strength of political institutions and the robustness of the provision of basic goods and universal health care.

NBA eyes Disney World as return-to-action venue

THE National Basketball Association (NBA) is looking at the Walt Disney World Resort near Orlando, Florida, as a possible playing site should the 2019-20 season resume, and has even gotten the OK from Disney to use the site, Stadium’s Shams Charania reported Wednesday.

Early resumption of Premier League not safe for players — Neville

BENGALURU -- Rushing to resume the 2019-20 Premier League season stalled by the COVID-19 pandemic could jeopardize the lives of players and staff, former Manchester United defender Gary Neville said.

CSB Blazers coach Tang holds free online basketball clinic

WITH OUTSIDE movement currently limited because of the coronavirus disease 2019 (COVID-19) pandemic, people are looking for creative and alternative ways to try and get back to the swing of things.

Red Bull River Runes makes Philippine return

ESPORTS ACTION in the country buzzes this month despite the coronavirus disease 2019 (COVID-19) pandemic with the return to the country of the Red Bull River Runes tournament.

Packers QB

Brett Favre and Aaron Rodgers haven’t always been friends. In fact, their relationship arguably started off as icy at best. The latter was selected 24th overall in the 2005 draft precisely to replace the former, who hitherto remained outstanding for the Packers, but who nonetheless appeared to be on the downside. Pride, not coincidentally that which fueled their competitiveness and success, got in the way of smooth interpersonal relations. “My contract doesn’t say I have to get Aaron Rodgers ready to play. Now, hopefully, he watches me and gets something from that,” the incumbent starter then defiantly told the Milwaukee Journal Sentinel. Which, creditably, the quarterback-in-waiting did, the absence of active mentorship (and petty pranks) notwithstanding.

Veterans Bank deploys mobile ATM to Antipolo amidst ECQ

To help ease the difficulty of accessing funds during the enhanced community quarantine, residents of Antipolo are now able to withdraw funds from Philippine...

The Final Pitch: Heroes Edition highlights best Covid-19 solutions

The Final Pitch, a local business reality TV show, identifies the best Covid-19 response solutions with its Heroes Edition season.

AutoDeal now allows consumers to buy cars online through its platform

In today’s modern world, consumers rely heavily on on-demand services available online to further improve and ease their lives. With short waiting time, these...

Lessons from Taiwan’s response to COVID-19

By Adrian Paul B. Conoza Special Features Writer, BusinessWorld Timely measures, transparency emphasized by Taiwanese experts in AIM webinar Taiwan is highly recognized for its quick and...

Finding their way back home

By Hannah Mallorca Features Writer, The Philippine STAR Despite the lingering fear and anonymity, COVID-19 (coronavirus disease 2019) survivors are now living hopeful lives. Three of them...

WB sees dim PHL growth outlook

THE Philippine economy may contract by as much as two percent this year as the coronavirus disease 2019 (COVID-19) crisis persists, a World Bank (WB) economist said on Wednesday.

Graduating class in coronavirus limbo ponders job prospects

EDWARD R. INCIONG, 23, is one of almost a million graduating students in the Philippines this year anxious about their job prospects amid a novel coronavirus pandemic.

Coronavirus effect:Land values in Metro Manila to decline

LAND VALUES in Metro Manila are seen to drop 5-15% by the fourth quarter as rents and selling prices decline due to the impact of the coronavirus disease 2019 (COVID-19) pandemic.
Securities and Exchange Commission (SEC) logo

Minority investors can add agenda items in company meetings

MINORITY INVESTORS are now empowered to add items to the meeting agenda of publicly listed companies, according to the Securities and Exchange Commission (SEC).

Cebu Air swings to losses on halted flights

CEBU Air, Inc. (Cebu Air) registered a net loss of P1.18 billion in the first quarter of the year, reversing its multi-billion profit last year as the coronavirus disease 2019 (COVID-19) crisis prompted a lockdown that suspended air travel.

Specialty retailer SSI turns optimistic as income surges 52%

SSI Group, Inc. (SSI) is hopeful for an upswing in demand after the enhanced community quarantine (ECQ) as it said the 52% jump in its 2019 earnings proves the appeal of its brands to Filipinos.

Grocery shopping boosts Robinsons Retail profit

ROBINSONS Retail Holdings, Inc. (RRHI) booked a 45% jump in earnings during the first quarter due to higher contributions from premium grocery shop operator Rustan Supercenters, Inc.

Pagcor income slumps on casino ban

THE Philippine Amusement and Gaming Corp.’s (Pagcor) net income was nearly halved in the first quarter as its earnings from gaming operations declined because of the temporary ban on casino activities during the lockdown.
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SEC warns investors against more easy money schemes

THE Securities and Exchange Commission (SEC) has found more groups offering easy money schemes to the public without the government authority to solicit investments.

NCCA provides P63.8-M pandemic fund for artists

THE Board of Commissioners of the National Commission for Culture and the Arts (NCCA) approved a cumulative budget of P63.8 million for an assistance fund for arts and culture workers affected by the COVID-19 pandemic.

Turnitin opens first office in the Philippines

ONLINE PLAGIARISM detection and educational feedback platform Turnitin set up its first office in the Philippines in March, setting up operations just prior to the enhanced community quarantine which has moved some educational institutions to online learning.

Ayala-led AC Energy raises P64 million for COVID-19 response

AYALA’S energy arm on Wednesday said it had raised over P64 million to provide assistance to health workers, as well as communities and its own employees who were affected by the global coronavirus disease 2019 (COVID-19) pandemic.

WFH during the ECQ: MPT South Corp.’s Roberto Bontia

ENSURING the unhampered flow of cargo, essential food supplies and medical equipment on the southern expressways is Roberto V. Bontia’s commitment to the public during the enhanced community quarantine (ECQ) while working from home.