LOCAL SHARES closed higher on Monday as investors expect positive news from the government regarding the easing of lockdown measures at the end of this week.
In order to prevent the novel coronavirus SARS-CoV-2 from spreading uncontrollably all over the land, the country’s health authorities recommended the imposition of social or physical distancing. To ensure the strict observance of the physical distancing protocol, the national government, on the recommendation of the Inter-Agency Task Force on Emerging Infectious Diseases (IATF), ordered the closure of certain establishments while the quarantine was in force.
When the Enhanced Community Quarantine (ECQ) was first put in place, the most nagging question in everybody’s mind was “up to when will the ECQ be?” Or, to be more realistic about it, “when do we start relaxing the ECQ?”
“All models are wrong, but some are useful,” declared the statistician George Box.
MY TODDLER and I have a new favorite activity: craning our necks to catch a glimpse of the neighbors. Since we have been instructed to stay at home in our apartment in a triple-decker in Somerville, Mass., we have gotten quite good at it.
GOVERNMENTS around the world say they’re engaged in a war against the coronavirus. Indian Prime Minister Narendra Modi invoked the legend of the Mahabharata, fought over 18 days, as he declared, with little warning, a devastating national lockdown.
THE House committee on banks and financial intermediaries approved on Monday a bill providing for the transfer of banks’ bad loans to asset management companies (AMCs) in expectation of a spike in non-performing loans in the wake of the public health emergency.
THE Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) will require construction firms to provide worker housing and observe social distancing and other safety rules when work is allowed to resume on public and essential private projects under both modes of quarantine.
BANGKO Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said fiscal stimulus needs to catch up with the aggressive monetary measures adopted by the central bank to effect a recovery from the coronavirus disease 2019 (COVID-19) emergency.
FITCH Solutions Macro Research said the Philippine economy could contract by as much as 2% with a recession looming in the wake of the coronavirus disease 2019 (COVID-19) public health emergency.
THE Government Service Insurance System (GSIS) has extended a total of P4.14 billion worth of loans to some 60,000 government employees and pensioners to help them deal with the public health emergency.
THE Department of Energy (DoE) said no counterbids were received for three oil exploration blocks in the West Philippine Sea (WPS).
A TOTAL of 299 seafarers from the United Kingdom have come home amid a novel coronavirus pandemic that has sickened 4.2 million and killed more than 284,000 people worldwide, the Department of Foreign Affairs (DFA) said on Monday.
THE presidential palace on Monday said it might propose a supplemental budget for the government’s anti-COVID-19 efforts.
PRIVATE colleges and universities should start the school year in August amid a novel coronavirus pandemic, even as they prepare for a flexible learning system months ahead, the Commission on Higher Education (CHED) said on Monday.
TROPICAL depression Ambo is expected to brings rains in different parts of the country this week as it moves in a northwest direction.
THE Federation of Philippine Industries, Inc. (FPI) is endorsing a shift to a modified general community quarantine (GCQ) policy by May 16 wherein restrictions on businesses will be eased and lockdowns to be imposed in smaller zones under high risk of coronavirus disease 2019 (COVID-19) transmissions.
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MORE than 14,000 repatriated overseas Filipino workers (OFWs) have been tested for coronavirus disease 2019 (COVID-19) while in isolation, the Philippine Coast Guard (PCG) reported Monday.
THE PESO appreciated against the greenback on Monday on positive market sentiment about the possible gradual easing of lockdown measures and amid market expectations of another rate cut from the US Federal Reserve.
By MICHAELA TANGAN Where to take free online classes during the COVID-19 lockdown We each have unique ways of coping up with the current global health...
LIVE staging of games rendered impossible right now with mitigating protocols because of the coronavirus disease 2019 (COVID-19) pandemic up, the Philippine Basketball Association is finding ways to continue to engage fans.
BROOKLYN Nets star Kevin Durant will not play if the National Basketball Association restarts the season, ESPN’s Adrian Wojnarowski reported Sunday.
UFC FIGHTERS who took part at the UFC 249 event in Florida could lose their purses and bonuses if they publicly criticize the fight promotion’s health and safety precautions for COVID-19, according to an event participation agreement seen by Reuters.
BENGALURU -- Players have genuine concerns about their health as the Premier League considers resuming fixtures amid the COVID-19 pandemic, players’ union deputy chief Bobby Barnes has said.
The program offers loans and terms that will help ease Filipino MSMEs' struggles through the quarantine’s negative effects.
https://open.spotify.com/episode/6NLYab6QJ98tDeBxsHew9K?si=LecJDmsVTCWEOKYJCvDcTg Follow us on Spotify BusinessWorld B-Side The enhanced community quarantine is set to be lifted. And with the lifting of the lockdown comes the potential...
MAD Travel has always been in the business of creating meaningful experiences. But as global travel grinds to a stop, how has the tourism startup adapted to the times?
By Adrian Paul B. Conoza Special Features Writer, BusinessWorld A 'new normal' is anticipated to take place once the coronavirus disease 2019 (COVID-19) crisis ends and...
By Hannah Mallorca Features Writer, The Philippine STAR Experts weigh in on how employees can better tackle important career decisions in the face of uncertainties brought...
INSURANCE COMPANIES are asking the Insurance Commission (IC) to “ease up” on some regulatory requirements to temper the impact of the coronavirus pandemic on the industry.
THE Philippines is unlikely to reach upper middle-income country status this year, as the coronavirus pandemic takes its toll on the economy.
MELBA ARBOSO, 34, failed to send P6,000 to her family last month after she temporarily lost her job as a spa attendant amid a lockdown in the Kingdom of Bahrain where almost 4,000 people have been infected with the coronavirus.
A PANDEMIC has forced us to hole up in our homes in little better than T-shirts and robes. In this stagnation, it’s easy to think that fashion isn’t important -- but how can something not be important when it sits right on your skin?
THE Philippine Stock Exchange index (PSEi) is projected to end the year above the 6,000 level, down from earlier estimates of closing within the 8,600-8,900 range, as an effect of the coronavirus disease 2019 (COVID-19) pandemic.
THE Philippines is seen able to close at least two private equity (PE) deals this year despite a regional slowdown due to challenges brought by the coronavirus disease 2019 (COVID-19) pandemic.
TWO major cultural groups have announced the cancellations of their performance seasons due to the ongoing COVID-19 pandemic.
METRO Pacific Investments Corp. (MPIC) was among the companies whose stocks saw renewed investor interest after President Rodrigo R. Duterte’s apology to Manuel V. Pangilinan and the Zobel brothers over his remarks about the businessmen’s companies in recent months.
FORCED to do much of his work at home with the enhanced community quarantine in effect in the National Capital Region and nearby provinces, Ronald Mascariñas, Bounty Agro Ventures Inc. (BAVI) president and general manager, said that the setup is not much of an adjustment to him as he had been working from home on occasion even before the coronavirus disease 2019 (COVID-19) pandemic rendered outside movement limited.
PHILIPPINE exporters are calling for the immediate passage of the government’s economic stimulus bill, while requesting for increased funding for the agriculture industry and improved loan distribution for small businesses.
CASA DE MEMORIA, Palacio de Memoria’s auction house, celebrates its fourth anniversary with two online auctions.
MOTORCYCLE taxi company JoyRide is working to further develop its delivery business as its passenger services face an uncertain future due to the coronavirus pandemic.
THE Unilever-owned Korean beauty brand AHC has launched a new line targeted for those who want brighter skin -- the line can “improve skin pigmentation and reduce [dark] spots in just four weeks,” it promises in a release.
THE COVID-19 pandemic has changed how the world views health, and now, more than ever, it is important to keep healthy -- and health and beauty chain Watsons Philippines has a few suggestions on how to do this.
EXPORTS of agricultural and fisheries products rose 12% to $1.31 billion in the first quarter, the Department of Agriculture (DA) said, citing data from the Philippine Statistics Authority.
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