Home 2020 May 18

Daily Archives: May 18, 2020 | 9:35 pm

Rent grace period applied to areas under modified, general ECQ

THE GRACE period for rent payments will be applied to areas where more relaxed quarantine rules are in force, the Department of Trade and Industry (DTI) said.

SB Corp. starts taking loan applications from small firms in GCQ areas

THE SMALL Business Corp. (SB Corp.) has started accepting loan applications from micro and small enterprises in areas that have shifted to general community quarantine (GCQ).

OFWs offered interest-free loans for agri ventures

THE Department of Agriculture (DA) will offer interest-free loans to Overseas Filipino Workers (OFWs) to venture into agriculture-related businesses as part of efforts to boost the economic productivity of rural areas.

Workers admit to safety concerns on returning to offices as community quarantine eased

MILLIONS of people returning to the workforce after the easing of quarantine remain fearful of possibly contracting coronavirus disease 2019 (COVID-19), a health maintenance organization said, citing the results of a survey.

House committee approves P568-billion PESA bill

A BILL PROPOSING a P568-billion stimulus package to help workers and businesses deal with the effects of the coronavirus disease 2019 (COVID-19) pandemic made it past committee level, a senior legislator said.

DoE says petroleum strategic reserve still a priority

A PROGRAM establishing a strategic petroleum reserve remains a priority, with regulations being prepared and a feasibility study by the Philippine National Oil Company (PNOC) under way, the Department of Energy said.

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2020 Tax Filing: A whole new level of extraordinary

May 15 marks the last day of the extended enhanced community quarantine (ECQ) for most parts of the country, including the National Capital Region. In spite of the continuing increase in the number of new COVID-19 cases being reported each day, the government has decided to relax restrictions in certain parts of the country in hopes of gradually getting the economy going again after a two-month lockdown.

Peso weakens vs dollar

THE PESO retreated against the greenback on Monday due to risk-off sentiment after the latest developments in the US-China tensions as well as weak US retail data and the continued increase in global oil prices.

Shares close lower on lack of positive catalysts

PHILIPPINE shares closed lower on Monday as trading was muted on the lack of positive catalysts.

Gov’t threatens to close malls under new lockdown

THE GOVERNMENT on Monday threatened to close malls under a new lockdown for failing to enforce physical distancing measures meant to contain a coronavirus pandemic.

DA says crop damage from typhoon hit P1B

CROP DAMAGE caused by Typhoon Vongfong has reached P1.04 billion, affecting almost 22,000 farmers, the Department of Agriculture said on Monday.

459 more Filipinos set to come home amid crisis

MORE than 400 Filipinos from Saudi Arabia and Myanmar were set to arrive in Manila yesterday amid a coronavirus pandemic that has sickened 4.8 million and killed about 317,000 people worldwide.
Malacañang Palace

Palace to decide fate of police officer who violated lockdown

MALACANANG will decide the fate of a high-ranking police officer who celebrated his birthday this month with friends amid a lockdown meant to contain a coronavirus pandemic.

#COVID-19 Regional Updates (05/18/20)

THE Land Transportation Franchising and Regulatory Board (LTFRB) plans to require public transport operators, especially buses, to have a record of their passengers for contact tracing purposes amid the continued coronavirus disease 2019 (COVID-19) spread.

Nationwide round-up

TRADE and Labor officials on Monday clarified the rules for employers on testing workers as more industries are allowed to resume operations following a two-month lockdown due to the coronavirus disease 2019 (COVID-19) spread.

Doing our part as the real COVID-19 frontliners

Since the start of the community quarantine, many have referred to the health workers helping treat COVID-19 patients as “frontliners.” The term tugs at the emotions and signals an appreciation for the difficult work they do in helping fight the deadly virus. After all, we are at “war” with the virus, and the health workers are firing away with every weapon in their professional arsenals to keep as many infected patients alive as they can.

Fighting the COVID-19 war

Fighting COVID-19 is no different from fighting a war.

Live golf action makes return, even without fans

NEW YORK -- United States President Donald J. Trump praised the return of live golf on Sunday, dialing into a televised broadcast of a two-on-two charity skins match between top players on the PGA Tour, the first event of its kind since the coronavirus lockdown.

Small steps forward for PBA most valuable player Fajardo

OUT FOR THE SEASON because of a leg injury he suffered early this year, six-time Philippine Basketball Association most valuable player June Mar Fajardo said that he is making steady progress in his recovery albeit admitted to adjusting his rehabilitation routine because of the coronavirus disease 2019 (COVID-19) pandemic.

NASCAR resumes after pandemic-induced lull

TORONTO -- Kevin Harvick and NASCAR both celebrated victories on Sunday as the stock car series returned to live racing from a two-month coronavirus disease 2019 forced hiatus at an empty Darlington Raceway.

Makati FC takes football academy online

FOUND ITSELF having to adjust in how it does its affairs amid the coronavirus disease 2019 (COVID-19) pandemic, the people behind Makati FC said they do not mind such, knowing that doing so would allow them to continue their mission and vision as an organization.

MJ’s first Air Jordan sneakers sold for record $560,000 at Sotheby’s

NATIONAL BASKETBALL Association great Michael Jordan’s autographed game-worn sneakers from his rookie season fetched a record $560,000 (463,380 pounds) in an online auction, Sotheby’s said on Sunday.

TIMELINE: What happened since the Philippines was locked down

By Hannah Mallorca Features Writer, The Philippine STAR Since the first reported case on January 30, the number of coronavirus disease 2019 (COVID-19) cases in the...

Avoiding a second wave

By Argie C. Aguja Senior Features Writer, The Philippine STAR As most parts of the Philippines emerge from harsh lockdowns, other Asian neighbors are feeling the...

[B-SIDE Podcast] Banking during COVID-19: the Philippine financial inclusion story

https://open.spotify.com/episode/6LryBNoeaQUTvuJ40EP8fG Follow us on Spotify BusinessWorld B-Side According to 2017 data from the World Bank, only 34% of Filipinos have bank accounts. The Bangko Sentral ng...

PHL economy may lose up to P1.2T

THE Philippines could now suffer up to $24 billion (P1.2 trillion) in economic losses if the coronavirus crisis lasts for six months, according to the Asian Development Bank (ADB).

Philippine economic backbone faces coronavirus axe

THE swarm of diners looking for cheap food on a busy street in Cubao -- one of the oldest and busiest districts in Quezon City near the Philippine capital -- has disappeared since Manila and nearby cities were locked down to contain a coronavirus pandemic.

Deeper budget cuts expected

SOME departments may face deeper budget cuts, as the government looks for more funds for its efforts to contain the coronavirus disease 2019 (COVID-19) outbreak and its economic fallout.
Securities and Exchange Commission (SEC) logo

SEC now requires filings via mail as virus persists

THE Securities and Exchange Commission (SEC) will be requiring regulatory filings to be sent via courier to protect its personnel from contracting the coronavirus disease 2019 (COVID-19).

Outsourced healthcare set to rise

THE healthcare outsourcing sector is seeing increased demand due to the coronavirus disease 2019 (COVID-19) pandemic, with the industry now making plans to boost automation systems as the global healthcare sector shifts to digital.

NLEX Corp. ‘restarts’ construction activities

NLEX Corp. has resumed the construction of its major projects as the National Capital Region shifted to a more relaxed community quarantine.
Securities and Exchange Commission (SEC) logo

Two unlicensed groups flagged by SEC

INVESTORS are reminded to be wary of investment-taking groups as the Securities and Exchange Commission (SEC) found two that run such businesses without regulatory authorization.

In the midst of the pandemic, two PHL bars make it to Asia’s Best...

YOU may not be able to visit them anytime soon, but two Philippine bars made it to the list of Asia’s 50 Best Bars which William Reed Business Media released via Facebook Live last week.

Storytelling through the digital space

THE Philippine Educational Theater Association (PETA) revisits the tradition of storytelling, this time online.

Investors remain upbeat on Ayala Corp.

IMPROVED investor sentiment made Ayala Corp. one of the most actively traded stock in the exchange last week after President Rodrigo R. Duterte’s apology to the Zobel brothers earlier this month.

WFH during the ECQ : Robinsons Bank’s Kevin Palma

FOR some people, working from home means converting their TV screen for trading.

Relax and take a deep breath

LET ME go a bit against the grain here. Have you seen the Metro Manila skyline lately? It’s incredible. Frankly, I didn’t anticipate the day when I could look forward to opening my windows in Makati to welcome in some refreshing whiffs of crisp, clean air as flocks of birds occasionally fly by, or ever notice that it was actually possible for me to peer straight into the horizon of Manila Bay, while watching a beautiful sunset silhouette of a bunch of ships floating close to our harbor.

Baking goods sales spike during lockdown

BAKING goods sales are up in supermarkets during the enhanced community quarantine, as a spike in demand in certain goods signals possible price increases while supplies are still beginning to improve.

UP Visayas develops low-sodium patis made from green mussels

A LOW-SODIUM fish sauce made from fermented green mussels, or tahong, has been developed by the University of the Philippines-Visayas Institute of Fish Processing Technology.

VLF 2020: On family and acceptance

FOR the first time since its launch in 2005, the Cultural Center of the Philippines (CCP)’s Virgin Labfest (VLF) theater festival, which focuses on new, unstaged works, is going online.

New Lamborghini Huracán EVO RWD Spyder revealed via AR

AUTOMOBILI LAMBORGHINI did something it had never done before -- launch a car digitally through augmented reality (AR). That’s how the Italy-based super car maker chose to reveal the new Lamborghini Huracán EVO Rear-Wheel Drive Spyder on its official website, www.lamborghini.com.

Rates of T-bills seen declining further

RATES OF Treasury bills (T-bills) on offer this week will likely ease further on robust liquidity as investors put their idle funds to work via the short-term government papers.

Vista Malls reopen on shortened hours, limited services

THE OPERATOR of Vista Malls has joined similar businesses in opening over the weekend as the government relaxed quarantine measures to jumpstart the economy.

China urges food companies to boost supplies on fears of further COVID-19 disruption

SINGAPORE/BEIJING -- China has asked trading firms and food processors to boost inventories of grains and oilseeds as a possible second wave of coronavirus cases and worsening infection rates elsewhere raise concerns about global supply lines.