THE PESO succumbed to the greenback on Thursday as investors sought safer havens after officials said the US economy will likely see prolonged weakness due to the coronavirus disease 2019 (COVID-19) pandemic.
PHILIPPINE SHARES bounced back yesterday as investors turned to the local market amid the decline in regional and global equities.
THE Philippines needs to double its aid to vulnerable members of the population after the lockdown strategy for containing the pandemic disrupted their earning capacity, Nomura Global Markets Research said.
SAN MIGUEL CORP. (SMC) said Thursday that construction of the Skyway extension at the South Luzon Expressway (SLEx) will resume today, May 15.
THE DEPARTMENT of Public Works and Highways (DPWH) said Thursday that it resumed work on government flagship projects in Metro Manila.
THE National Water Resources Board (NWRB) has increased the raw water allocation of the Metropolitan Waterworks and Sewerage System (MWSS) starting May 14 until the end of the month.
THE Department of Energy has proposed fuel discounts or subsidies for the agriculture sector to help it achieve food security for the Philippines.
THE Department of Information and Communications Technology (DICT) on Thursday appealed to local government units (LGUs) and homeowner associations (HoAs) to simplify their permit procedures for telecommunications companies erecting cell sites.
THE average farmgate price of palay, or unmilled rice, rose 0.76% week-on-week to P18.66 per kilogram in the fourth week of April, with prices rising 1.41% year-on-year, according to the Philippine Statistics Authority (PSA).
THE government has lifted the ban on Filipino deployment for jobs overseas as part of easing the lockdown imposed on key cities and regions.
TYPHOON Ambo made landfall over the town of San Policarpio in Eastern Samar at noon Thursday, “bringing violent winds and heavy to intense rains over the northern portion of Samar and the southern portion of Northern Samar,” weather bureau PAGASA reported.
WHILE regular commercial flights and dine-in services will remain prohibited under the relaxed rules of the general community quarantine (GCQ) policy, facilities and establishments in the Eastern Visayas cities of Tacloban and Ormoc — both with no coronavirus disease 2019 (COVID-19) case recorded — are ready to resume operations with adjustments in observance of health safety protocols.
THE National Bureau of Investigation (NBI) charged three barangay officials in Hagonoy, Bulacan with graft and corruption over anomalies in the distribution of the government’s cash aid for low-income families affected by the lockdown due to the coronavirus disease 2019 outbreak.
THE liquor industry has been given the greenlight to resume operations under the modified enhanced community quarantine (MECQ) and the general community quarantine (GCQ) classifications, but the national alcohol ban remains in place with discretion given to local government units (LGUs).
In response to the COVID19 pandemic, Vietnam locked down for three weeks. The Vietnamese started much earlier than we did and quickly supported its lockdown with the fortification of its health sector. Reuters recently reported: “Vietnam was successful because it made early, decisive moves to restrict travel into the country, put tens of thousands of people into quarantine and quickly scaled up the use of tests and a system to track down people who might have been exposed to the virus.”
Mixed reactions have met the National Telecommunications Commission’s “cease and desist” order stopping the operations of television and radio network ABS-CBN.
There’s this memorable scene in Escape to Victory where Pele’s character needed to leave the pitch due to a brutal tackle. Rather than substitute him, with the team down four-nil, the coach (played by Michael Caine) decided to play with only 10 men. Hearing this, one of Pele’s teammates muttered wryly: “This isn’t going to be easy.”
May is the month we celebrate National Heritage. But this year is unusual and haunting in our lifetime. People will have to strive hard, survive and find the means to fight the unseen enemy. The traditional festivals that happen around the country have been canceled. Due to the pandemic lockdown, National Heritage Month’s promotions, announcements, events, conferences, competitions and all programs, events and activities are online.
MIAMI HEAT head coach Erik Spoelstra has been with the organization for more than two decades now and it is a choice that he is very grateful for as it led to a very fulfilling and successful coaching career.
LONDON -- Seven-time world champion Michael Schumacher has been named the most influential person in Formula One history after a vote by fans on the sport’s official Website.
AMID the uncertainty brought about by the coronavirus disease 2019 (COVID-19) pandemic, the offseason National Collegiate Athletic Association ceremony of turning over hosting duties was successfully done this week.
THE ULTIMATE Fighting Championship staged the second of a scheduled three events in eight days on Thursday (Manila time) with veteran light heavyweight Glover Teixeira and heavyweight Ben Rothwell emerging victorious.
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The National Basketball Players Association denied the other day that it asked members if they want “to try and play again this season.” Its statement, coming within hours of ESPN scribe Adrian Wojnarowski’s tweet disclosing the “yes or no” query its regional representatives supposedly sent its ranks via text messages, was, however, notable for construction. “The NBPA is not engaging in and has not authorized any formal poll of its players,” it said. Which is to say it could have engaged its constituency exactly as reported: in an informal, non-scientific manner.
Bunch on bringing people together through games during the pandemic
Communities rely on news outfits to stay safe and informed. Facebook is helping these organizations stay afloat during the pandemic through a $2 million investment.
By Argie C. Aguja Senior Features Writer, The Philippine STAR A “modified” enhanced community quarantine (MECQ) will be enforced over the entire National Capital Region (NCR),...
Bangkok (ESCAP news) – The well-being of oceans in the Asia-Pacific region are edging closer to a tipping point due to the unprecedented pace of marine...
As worldwide demand for energy continues to rise on pace with the expanding global economy, several measures aimed to reduce greenhouse gas emissions have...
Please be advised that the Annual Meeting of the stockholders of Roxas Holdings, Inc. for the year 2020 will be conducted by remote communication...
THE Philippine economy may now contract by as much as 3.2% this year, the government said on Wednesday, as the coronavirus disease 2019 (COVID-19) outbreak pummels investments and domestic demand.
ELECTRONICS exporters are appealing the government’s decision to extend the strict lockdown in Laguna, citing up to $20 million in business losses for the sector each month.
THE stock market may retest lows in the coming months as the full extent of the economic fallout from the coronavirus disease 2019 (COVID-19) pandemic has yet to be seen.
MINING COMPANIES will be allowed to resume operations at full capacity as long as they follow strict safety guidelines, after the national government began relaxing quarantine restrictions around the country.
A BILL seeking to provide a provisional franchise to ABS-CBN Corp. until Oct. 31, 2020 was approved on second reading on Wednesday, the same day it was filed.
EARNINGS of Ayala Corp. (AC) dropped 17% to P6.7 billion in the first quarter as the coronavirus pandemic dragged its property, banking and industrial segments.
ABOITIZ InfraCapital, Inc. on Wednesday said it is ready to resume discussions with the government on various airport projects and the National Identification Card (ID) system once the community quarantine is lifted.
THE Philippine unit of Ayala-led AC Energy, Inc. saw its attributable income in the first quarter went up to P306.94 million, compared to a loss of P145.27 million in the same quarter in 2019, on the back of after-tax income growth with a spike in electricity sales revenue.
FOOD and beverage manufacturer RFM Corp. posted 4% lower earnings in the first quarter due to a decline in sales from its ice cream and institutional food product segments.
PHILIPPINE Airlines (PAL), Cebu Pacific, Cebgo and Philippines AirAsia on Wednesday announced the extension of the suspension of their commercial flights until May 31.
BROKEN bits of fishing boats drift on the sea before making landfall on the beach in Panglao, Bohol. The bangka are used for transportation between islands, by fishermen, and people taking leisure trips. As time goes by, parts of the fishing boats wear out and come off, some after rainy season storms.
HONG KONG -- Chinese fans of Nintendo’s Animal Crossing: New Horizons are paying a premium on foreign consoles and finding ways to skirt limits imposed by local regulators on a game that has become both a breakout worldwide hit and political flashpoint.
While healthcare workers are on the frontlines and scientists are busy testing possible vaccines or cures for a virus that has changed the world, economists are getting their hands dirty at home as well. They are rigidly working with data to assess how this pandemic could change the course of our economy, updating their projections and recommendations to help seal that soft landing when recovery comes.
PHOENIX Petroleum Philippines, Inc. (Phoenix) started delivering its fuel products directly to small and medium enterprises as part of its business adjustment during the global pandemic.
LIVESTREAMING app Kumu is preparing for its next fundraising after seeing user and live-streaming growth since the start of the enhanced community quarantine (ECQ) in Luzon.
TOYOTA Motor Philippines Corp. (TMP) is prioritizing maintenance services while it awaits the recovery of new vehicle demand after the enhanced community quarantine (ECQ).
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