Home 2020 May 11

Daily Archives: May 11, 2020 | 11:15 pm

Stocks up on hopes of relaxed lockdown measures

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.

COVID-19 wreaks havoc on a number of industries

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.

Anatomy of a lockdown

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?”

Governance of fear

“All models are wrong, but some are useful,” declared the statistician George Box.

An ode to the humble balcony

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.

The phony war on the coronavirus

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.

House panel approves bill on bad-loan transfers to AMCs

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.
construction infrastructure trade deficit

Construction firms will need to provide worker housing under ECQ, GCQ

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.

Supplemental budget, job creation key to recovery — Diokno

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.

PHL GDP could contract by up to 2% in 2020 — Fitch Solutions

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.

GSIS loans to gov’t workers, pensioners exceed P4 billion

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.

No counterbids received for West Philippine Sea oil exploration blocks

THE Department of Energy (DoE) said no counterbids were received for three oil exploration blocks in the West Philippine Sea (WPS).

300 Pinoy seamen from UK come home; local infections top 11,000

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.
Malacañang Palace

Malacañang considers more budget against coronavirus pandemic

THE presidential palace on Monday said it might propose a supplemental budget for the government’s anti-COVID-19 efforts.

Universities, colleges told to open in August

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.

PHL’s 1st typhoon for 2020 to bring rains this week

TROPICAL depression Ambo is expected to brings rains in different parts of the country this week as it moves in a northwest direction.

#COVID-19 Regional Updates

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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Nationwide round-up

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.

Peso climbs vs dollar

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.

Learn from home

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...

PBA finding ways to engage fans amid COVID-19

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.

Durant won’t play if NBA resumes season

BROOKLYN Nets star Kevin Durant will not play if the National Basketball Association restarts the season, ESPN’s Adrian Wojnarowski reported Sunday.

UFC: Criticizing safety measures could be costly

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.

Players worried about Premier League restart — union deputy chief

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.

Shopee and BillEase offer seller loan program for MSMEs

The program offers loans and terms that will help ease Filipino MSMEs' struggles through the quarantine’s negative effects.

[B-SIDE Podcast] Helping hospitals get ready for the second wave and beyond

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...

How MAD Travel is tackling tourism in the time of COVID-19

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?

BUSINESSWORLD INSIGHTS: The ‘new normal’ businesses should brace for

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...

Career insights during lockdown

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 firms seek regulatory relief

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.

PHL unlikely to achieve upper middle-income status this year

THE Philippines is unlikely to reach upper middle-income country status this year, as the coronavirus pandemic takes its toll on the economy.

Pandemic slashes remittance lifeline as overseas Filipino workers lose jobs

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.

Fashion during and after the pandemic:Chic PPEs for grocery shopping, stylish pajamas for the...

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?

PSEi seen to rise past 6,000

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.

Bain sees private equity deals

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.

Repertory, MSO postpone performances to next year

TWO major cultural groups have announced the cancellations of their performance seasons due to the ongoing COVID-19 pandemic.
metro pacific

Investors keen on MPIC as stocks rise after Duterte apology

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.

WFH during the ECQ: BAVI’s Ronald Mascariñas

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.

Exporters group seek fast passage of stimulus bill, more farm funds

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 holds charity fundraising online auctions

CASA DE MEMORIA, Palacio de Memoria’s auction house, celebrates its fourth anniversary with two online auctions.

JoyRide motorcycle riders in quandary amid health crisis

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.

AHC launches new brightening line

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.

How to stay healthy according to Watsons

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.

Q1 farm, fishery sales rise by 12%, buck overall export dip

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.