TEST
Home 2020 May

Monthly Archives: May 2020

Buffets banned when restaurants resume dine-in service

THE Department of Trade and Industry (DTI) said restaurants resuming dine-in service may not offer buffets and must put up table partitions and mark floors to ensure proper social distancing.

PHL’s COVID-19 fiscal package among region’s smallest — Nomura

THE Philippines is offering one of the smallest fiscal packages in Asia in response to the economic impact of the pandemic, Nomura Global Research said in a note Friday.

DTI offers up to P15,000 in seed capital for Balik Probinsya

THE trade department said it will offer livelihood kits with seed capital of between P5,000 and P15,000 for participants in the Balik Probinsya program, to help them start businesses after leaving the cities.
electric meter

Demand from retail electricity users declines during lockdown

POWER consumption of retail customers at the Wholesale Electricity Spot Market (WESM) fell drastically as their businesses were shut during the quarantine period.


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

Transforming IA during the pandemic

The COVID-19 pandemic caught the world off guard, adversely affecting peoples’ lives and businesses on an unprecedented scale. According to the EY Global Risk Survey in 2020, four out of five of companies’ board members and CEOs across the globe said their businesses were not well-prepared to face the pandemic crisis head on.
Department of Labor and Employment (DoLE)

81,000 Filipino workers abroad get state help

THE government has helped more than 81,000 overseas Filipinos affected by the global coronavirus pandemic, according to the Department of Labor and Employment (DoLE).

Public urged to report clandestine COVID-19 clinics

THE Department of Health (DoH) on Sunday urged the public to report unlicensed clinics that treat foreigners infected with the novel coronavirus.

#COVID-19 Regional Updates (05/31/20)

Samal resort owners seek local gov’t help for furloughed workers, long-term alternative livelihood THE summer months of April and May are typically the busiest for...
Franklin M. Drilon Corporation Code

Nationwide round-up

BUSINESS groups denounced the prevailing culture of impunity with reports of public officials violating quarantine protocols but not immediately held liable by law enforcers.

Create

Current economic policy is focused on fighting the pandemic. The Central Bank has loosened monetary policy, and the national government has hiked its expenditures by allowing a higher deficit.
peso-coins

An appeal to Congress to pass CREATE

Thirty one leading business groups including the prestigious Financial Executives Institute of the Philippines (FINEX), the Management Association of the Philippines (MAP), the Philippine Chamber of Commerce and Industry (PCCI), GoNegosyo, and the Chambers of Commerce from the Americas and Europe recently signed a manifesto expressing their support for the passage of the Corporate Recovery and Tax Incentives for Enterprises Act or the CREATE Law.

Is it the end of the world as we know it?

I am pleased to share with readers excerpts from a recent report and Zoom forum appearance connected with, what else, coping with COVID-19.

Philippine private education: Possible liabilities in the post-lockdown era

The Department of Education (DepEd) has issued guidelines relating to the opening of classes after the lifting of the quarantines. While there are ongoing debates as to the efficacy of these restrictions, inevitably schools need to adjust to survive. Let us examine certain problem areas in the operation of private educational institutions post-lockdown.

Discounts granted to national athletes, coaches welcomed

SEEING the value of recognizing the efforts of national athletes and coaches in bringing pride and honor to the country, the Bureau of International Revenue on May 27 issued implementing regulations that provide a 20% discount in the purchase of goods and services to the former, something local sports stakeholders welcomed with open arms.

Austria gives nod to F1 races without a crowd

ZURICH — Formula One can start its season in Austria with two races behind closed doors on July 5 and 12, the country’s health ministry said on Saturday.

Burns dominates Woodley at UFC Fight Night

THE ULTIMATE Fighting Championship staged another live event on Sunday (Manila time) that saw Brazilian Gilbert Burns dominating American Tyron “The Chosen One” Woodley in five rounds of their headlining welterweight fight in Las Vegas.

Volleyball community continues to step up and help amid COVID-19

VOLLEYBALL Community Gives Back PH (VCGB PH ) has something to serve up for those matchday personnel affected by the coronavirus disease 2019 (COVID-19) pandemic.

Getting back

Make no mistake: Everything needs to go right before the United States Open can be held in September. It certainly doesn’t help that Winged Foot Golf Club lies smack dab in Westchester County, New York, among the areas in the United States most affected by the coronavirus disease 2019 pandemic. And even with state officials cautiously relaxing quarantine measures and, in fact, pushing for the resumption of sporting events, there is the not so insignificant hurdle of mobility. Ensuring the participation of the usual field of 156 players — who will be coming from any number of locations, including outside the country — presents unprecedented logistical concerns.

Globe continues to build its 5G network despite GCQ

As the country slowly works its way into the new normal, Globe remains steadfast in building its 5G network for launching in the coming...

S&P affirms Philippines’ rating

S&P Global Ratings maintained its BBB+ long-term credit rating for the Philippines with a stable outlook, as it expects the economy to bounce back...

Quarantines relaxed nationwide on June 1

THE country will be transitioning into more relaxed lockdowns starting June 1, with fewer restrictions on people’s movement and more outdoor activities and physical reporting to work allowed.
Juan Miguel F. Zubiri

Senate to focus on Bayanihan law extension, no time to pass other priority measures

SENATE MAJORITY Leader Juan Miguel F. Zubiri said that the Senate may not be able to pass all priority measures such as the economic stimulus act and the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) before Congress adjourns next week due to the limited number of session days left, adding that the upper chamber will be prioritizing the bill extending the validity of the Bayanihan to Heal As One Law instead.

DoH to change how it reports COVID-19 cases

THE Department of Health (DoH) said that it will be changing the way coronavirus disease 2019 (COVID-19) cases are reported to the public, saying that it will identify those that are “fresh” and those that came from “delayed reporting.”
DoLE

DoLE promises all stranded OFWs will be brought home before Duterte’s deadline

THE Department of Labor and Employment (DoLE) said it will be able to make sure all stranded overseas Filipino workers (OFWs) make it home before the deadline President Rodrigo R. Duterte set, with 19,000 out of 24,000 already brought home.

1,000 stranded indigenious people brought home

ALMOST 1,000 indigenious people (IP) who had been stranded in Metro Manila when the lockdown to control the spread of the coronavirus disease 2019 (COVID-19) was imposed, have been brought back to their homes by the government.

Country should not rely on private sector for COVID-19 tests — Garin

THE Philippines should not rely on the private sector to cover mass testing and vaccines for the coronavirus disease 2019 (COVID-19), House Senior Deputy Minority Leader and former Health Secretary Janette Garin said.

22,522 inmates released through video conference hearings — Supreme Court

THE Supreme Court said that 22,522 inmates have been released through videoconferencing hearings.

House OKs bill to spur economic growth in Eastern Visayas

ON THURSDAY evening, the House of Representatives approved on second reading House Bill 6869 which seeks to create the Eastern Visayas Development Authority (EVDA) which is meant to spearhead investment promotion and implement economic development strategies in Region 8.

Courts in full operation starting June 1

ALL judicial courts will be in “full operation” starting June 1, following the easing of lockdown restrictions in most parts of the country.
Sanofi

Sanofi says will have COVID-19 vaccine in 18-24 months

PHARMACEUTICAL firm Sanofi Pasteur, Inc. said that developing a vaccine against the coronavirus disease 2019 (COVID-19) could take 18 to 24 months.

COVID-19 test machine distributor denies allegations of overpricing, monopoly

OMNIBUS Bio-Medical Systems Inc. has denied allegations that it has hoarded and sold overpriced coronavirus disease 2019 (COVID-19) testing equipment and kits to the national government.

Pag-asa seaport set to open in June

THE seaport project in the heavily contested Pag-asa Island is slated to commence operations on June 12, the Department of Transportation reported late on Thursday.

Duterte calls for staggered tuition payments

PRESIDENT Rodrigo R. Duterte is calling on schools to accept staggered tuition payments to address difficulties of parents in paying for their child’s education amid the coronavirus disease 2019 (COVID-19) crisis.

SWS says: more Pinoys used wages for daily expenses than cash aid

A NEW survey by the Social Weather Stations (SWS) showed that when it came to paying for their daily needs, nearly half of those surveyed spent their wages rather than cash aid.

PHL to open up economy as lockdown eases

THE Philippines will allow nearly all economic sectors to resume operations, as the country relaxes one of the world’s longest and strictest lockdown restrictions on June 1.

PHL gets $1.25-billion worth of loans for coronavirus response

THE Philippine government secured two loans worth a total of $1.25 billion (P63.28 billion) from the Asian Infrastructure Investment Bank (AIIB) and World Bank to help in its fight against the coronavirus disease 2019 (COVID-19) pandemic.
circuit boards electronics semiconductor

PEZA approves P13.1B in new investments amid lockdown

THE Philippine Economic Zone Authority (PEZA) said it approved P13.1 billion worth of committed investments for the months of April and May, which are expected to generate nearly 20,000 new jobs.

House approves FIST Act on second reading

THE House of Representatives on Thursday evening approved on second reading a bill providing for the transfer of banks’ bad loans to asset management companies (AMCs), as a spike in non-performing loans is expected during the coronavirus crisis.

Instituto Cervantes screens anti-death penalty film online this weekend

INSTITUTO CERVANTES de Manila will be screening online for free the Spanish classic film El Verdugo (The Executioner), Luis Garcia Berlanga’s 1963 black comedy about the death penalty, on May 30 and 31.

May inflation likely settled at 1.9% to 2.7%: BSP

INFLATION in May likely fell within 1.9% to 2.7%, with upside risks mainly coming from the increase in food prices, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Friday.

IBPAP seeks transition period for CREATE incentives system

THE OUTSOURCING industry is requesting the government for a longer transition time before changing the current incentives system, while supporting the move to cut corporate income tax to 25% from 30% in July.

Unused tax credit certificates to be converted to cash after a year

TAX CREDIT certificates (TCCs) that remain unused for more than one year will be converted into cash, the Bureau of Internal Revenue (BIR).
JICA PNR

PNR sees 80% decline in monthly revenues on transport restrictions

THE Philippine National Railways (PNR) is expecting an 80% decline in monthly revenues due to government restrictions as the country gradually eases lockdown measures.

RCEF seed deliveries reach one million bags

INBRED RICE seed delivery under the Rice Competitiveness Enhancement Fund (RCEF) has reached more than one million bags, the Philippine Rice Research Institute (PhilRice) said on Friday.
LRT

Japan’s Sumitomo acquires stake in LRT-1 operator

METRO PACIFIC Investments Corp. (MPIC) has sold part of its stake in the operator of the Light Rail Transit Line 1 (LRT-1) to Japanese company Sumitomo Corp.