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Daily Archives: May 3, 2020 | 10:51 pm

Q1 farm output likely negative due to ECQ logistics snags

AGRICULTURAL production is estimated to have contracted in the first quarter of 2020 as logistics issues disrupted the industry during the lockdowns ordered to contain the coronavirus disease 2019 (COVID-19) outbreak, analysts said.

DICT says internet should be cheaper, faster after emergency ends

THE Department of Information and Communications Technology (DICT) said it will work to make internet service cheaper and faster after the end of quarantine, which has accustomed the public to transacting more online.

PEZA backs relocating POGOs outside Metro Manila, leisure ‘islands’

THE Philippine Economic Zone Authority (PEZA) said the government should focus on locating Philippine offshore gaming operators (POGOs) outside Metro Manila and in selected areas designated as games and recreational islands.
Philippine Statistics Authority (PSA) logo

GNI for 2019 revised downwards after adoption of new base year

GROSS national income (GNI) was revised downward to 5.2% from 5.5% in 2019 after the adoption of the new 2018 base year, the Philippine Statistics Authority (PSA) said Friday.
DoF main office

General government debt share of GDP rises in 3 months to Sept.

GENERAL government (GG) debt as a share of the economy increased in the third quarter of 2019 to 10.4%, the Department of Finance (DoF) said.


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Annual reporting despite business interruptions

“Gradually and then suddenly” was how Ernest Hemingway described going bankrupt in The Sun Also Rises and the description seems to apply to the global response to COVID-19. The Securities and Exchange Commission’s (SEC) response also follows this pattern, making adjustments over a short period to address the effects of the Enhanced Community Quarantine (ECQ) on annual reporting.
airport runway

Gov’t stops inbound international flights for a week

THE Philippine government on Sunday said it had suspended inbound international flights for a week starting May 3 to decongest local quarantine facilities for the coronavirus.

COVID-19 cases top 9,000; death toll hits over 600

THE Department of Health (DoH) reported 295 new infections on Sunday, bringing the total to 9,223.

Gov’t told to cut red tape at checkpoints

THE government should cut red tape and facilitate the movement of people and goods at checkpoints as companies reopen under relaxed lockdown rules, an employer’s group said on Sunday.

#COVID-19 Regional Updates

LUZON SLMC starts convalescent plasma program for COVID-19 patients ST. Luke’s Medical Center (SLMC) has started transfusion therapy for convalescent plasma to treat coronavirus disease 2019...

Nationwide round-up

Labor groups say gov’t guidelines on business reopening not enough LABOR groups slammed the guidelines released by government for the reopening of businesses, saying it...

PBA holding out hope that season can resume

THE Philippine Basketball Association remains hopeful that its currently suspended Season 45 would be able resume amid the coronavirus disease 2019 (COVID-19) pandemic.

MPBL player Bustos parading wares on a different field

CURRENTLY UNAVAILABLE to do his thing as a player in the Maharlika Pilipinas Basketball League (MPBL) as action is suspended with the coronavirus disease 2019 (COVID-19) pandemic, Jesse Bustos is flexing his other skill while basketball is in hiatus -- as a photojournalist.

FIFA vice-president ponders calendar year season in Europe

ROME -- FIFA vice-president Victor Montagliani has said that moving the European soccer season to the calendar year is a “possibility to be discussed” in the wake of the coronavirus disease 2019 pandemic which has brought football to a standstill around the world.
NBA logo

Teams worried about coronavirus affecting older staff

THE National Basketball Association will have to decide who is considered essential game staff should play resume amid the coronavirus disease 2019 pandemic, ESPN reported.

Linsanity

Jeremy Lin didn’t exactly have an amicable parting of ways with the Knicks in 2012. He was just five months removed from a run of games that plucked him from obscurity and catapulted him to the limelight, and yet his place with the orange and silver proved far from secure. Resident superstar Carmelo Anthony considered him a threat (and an undeserving one, to boot), and so he viewed his future to be better elsewhere. And he was proven right; for all the front office’s pronouncements that any contract offered to him would be matched, he was allowed to walk away and head to the Rockets as a free agent. True to form, though, owner James Dolan didn’t forget the perceived slight; at no instance in the next seven years was he given any acknowledgment as a visitor at the Madison Square Garden.

The challenge of Cov-ED

The current pandemic has tested the resilience of almost all the country’s institutions -- and found them wanting. Not least affected has been the country’s education system. The prolonged suspension of classes, the abrupt ending of instruction, and the schools’ make-do closures of the school year effectively stopped learning dead in its tracks. While interrupted education may seem a side issue in the face of the more existential threats to life and livelihood, its long-term consequences for the nation’s future cannot be ignored.

We will survive

Last Wednesday, Finance Secretary Sonny Dominguez announced a $29.4-billion stimulus package to fight the negative effects of the coronavirus on the economy.

Expertise in the Time of COVID-19

Fellow BusinessWorld columnist Diwa Guinigundo had recently written a column, but for another newspaper, titled “My perspective on some lockdown perspectives” (see Manila Bulletin, April 30). In this column, Diwa criticizes two World Bank papers that emphasize the economic costs arising from lockdowns.

Asia-Pacific countries must take urgent action to tackle COVID-19’s recession-induced hunger

MANY UNCERTAINTIES haunt the world’s campaign to counter the COVID-19 pandemic, but one thing is now sure: Global economic activity will suffer greatly, with large-scale consequences for the incomes and welfare of all, but especially for the most vulnerable food import-dependent countries.
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[B-SIDE Podcast] Investing 101: Coronavirus and the Philippine stock market

https://open.spotify.com/episode/02MkDIsOYgi8aZ5UYKyYks Follow us on Spotify BusinessWorld B-Side The Philippine stock market is trying to recover from its worst drop in eight years. Due to COVID-19, the...