CORONAVIRUS infections in the country may top 60,000 by the end of July, with about 1,300 deaths, according to experts from the University of the Philippines.
ALMOST 1,500 overseas Filipino workers (OFW) have come home amid a global coronavirus pandemic that has sickened 10.4 million and killed more than 508,000 people worldwide, according to the Department of Foreign Affairs (DFA).
THE GOVERNMENT will no longer force state doctors to go to coronavirus hotspot Cebu City, and will instead seek volunteers, the Department of Health (DoH) said on Tuesday.
THE PHILIPPINE capital does not need to revert to stringent lockdown measures and can just enforce localized quarantine in specific areas to contain the spread of the coronavirus, a World Health Organization (WHO) official said on Tuesday.
THE peso strengthened against the greenback on Tuesday on US data suggesting signs of economic recovery and month-end transactions.
THE LOCAL MARKET closed in green territory on Tuesday as US indices also rose.
AROUND 77% of all taxes collected as of mid-June were coursed through electronic payment (e-payment) channels, the Bureau of Internal Revenue (BIR) reported, after the lockdown coincided with income tax season.
THE Securities and Exchange Commission (SEC) said it is encouraging bond issuers to tap the social bond market to help support economic recovery efforts.
START-UPS struggled during the lockdown because of restrictions on movement and declining cash, and are now looking to companies to partner with and provide investment, QBO Innovation Hub President Rene S. Meily said.
THE COVID-19 (coronavirus disease 2019) pandemic is an opportunity for start-ups with products that address urgent needs to bypass the usual hurdles and hit the ground running with full government support, speakers at a BusinessWorld Insights online forum said.
THE Department of Public Works and Highways (DPWH) said Tuesday that the P1.6-billion project that will connect Bonifacio Global City (BGC) and Ortigas Center is now about 53% complete.
OVERSEAS workers driving trucks in Europe are now required to work only for employers that provide accident and vehicle insurance, the Philippine Overseas Employment Administration (POEA) said.
THE National Electrification Administration (NEA) said around 187 rural electrification projects in rural communities are facing completion delays due to quarantine restrictions.
The COVID-19 pandemic has caused economies to fall. To bounce back, the Philippines has adopted a whole-of-society approach in turn-around management. A basic advantage of the Philippines is its cohesive private sector that has taken the lead and has quickly channeled resources towards the most vulnerable communities. This softened the impact on the people especially during the early weeks of the lockdowns.
A comrade during my politically active EDSA Revolution days reminded me once to keep in mind that we Filipinos have such short memories. How right he was. Barely a generation has passed and already a bill has been filed in Congress by no less than the son of the President to nullify a gesture made by our country to honor a martyred hero on the very site of his assassination, our international airport.
PRICING a new medicine aimed at taming a pandemic is one of the touchiest scenarios imaginable for a drug company. Set the price too high, and the world will assail you for price gouging. Too low, and you risk bleeding money and investors. No decision will ever make everyone happy, but Gilead Sciences, Inc.’s price for its COVID-19 treatment remdesivir is a solid attempt.
MARK ZUCKERBERG has a problem, and he can fix it.
HONG KONG/BEIJING — China’s parliament passed national security legislation for Hong Kong on Tuesday, setting the stage for the most radical changes to the former British colony’s way of life since it returned to Chinese rule almost exactly 23 years ago.
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GILEAD SCIENCES, Inc. on Monday priced its COVID-19 (coronavirus disease 2019) antiviral remdesivir at $2,340 per patient for wealthier nations and agreed to send nearly all of its supply of the drug to the United States over the next three months.
SHANGHAI — A new flu virus found in Chinese pigs has become more infectious to humans and needs to be watched closely in case it becomes a potential “pandemic virus,” a study said, although experts said there is no imminent threat.
THE COUNTRY is assured of at least two boxers competing in the rescheduled Olympic Games in Tokyo in 2021 but the Association of Boxing Alliances in the Philippines (ABAP) is confident more could be added to that number once qualifying tournaments resume.
LONDON — Formula One starts its season in Austria this week, nearly four months later than planned due to the COVID-19 pandemic and against a very different backdrop even if Lewis Hamilton’s targets remain the same.
THE SAMAHANG BASKETBOL ng Pilipinas (SBP) welcomed the rescheduling of the FIBA 3x3 Olympic Qualifying Tournament to May next year as it gives the team from the Philippines added time to prepare.
While waiting for the go-ahead for the community to resume activities amid the coronavirus disease 2019 (COVID-19) pandemic, local football officials have started the ball rolling in preparation for a possible resumption by crafting guidelines to follow.
THE LOS ANGELES Lakers are finalizing a deal with guard JR Smith to add him to their roster for this month's season restart in Orlando, Florida., multiple outlets reported Monday.
The news that 16 of 302 players tested positive for the novel coronavirus is among the biggest pieces accompanying the National Basketball Association’s announcement of the restart of its 2019–20 campaign. Lost in the excitement of pro hoops returning to the mainstream come July 30: the fact that nearly six percent of the base got flagged. It’s a hefty number, particularly when juxtaposed with national and worldwide totals. On the other hand, the sample size is admittedly too small to make a determination one way or the other; for corrective purposes, it holds value only as a reminder of the need for the league to continue taking extraordinary precautions in ensuring the well-being of its stakeholders.
India banned ByteDance Ltd.’s viral short-video service TikTok and 58 other Chinese apps, citing threats to its sovereignty and security as relations between the world’s two largest populations worsened.
LONDON/HANOI — Laura Douglas’ tourism start-up, a farm surrounded by snow-tipped mountains in southern New Zealand, was attracting hundreds of mostly foreign visitors a month until the coronavirus pandemic brought it to a sudden halt in March.
https://youtu.be/QGerjPPoKOY The economy continues to suffer large opportunity cost due to COVID-19. Until a vaccine will be discovered, the community must adapt to the new...
NEW YORK — The Empire State Building has been a symbol of America’s economic might for almost 90 years. Of late, it’s also become...
GENEVA — Tracing contacts of people with coronavirus infections is the most important step in fighting the COVID-19 pandemic, and countries that are failing...
MANY business process outsourcing (BPO) companies expect flat growth or a contraction this year, while some big businesses still hope to grow by single-digits amid the pandemic, according to an informal poll conducted by the Information Technology and Business Process Association of the Philippines (IBPAP).
THE Department of Information and Communications Technology (DICT) has eased the documentary requirements for common tower providers as the country remains in a state of public health emergency due to the coronavirus disease 2019 (COVID-19).
MANILA — The Philippines’ anti-money laundering agency on Monday said it would conduct a “swift and thorough” investigation into scandal-hit German payment firm Wirecard AG and that it has drawn up an initial list of people and entities of interest.
THE Asian Development Bank (ADB) approved a $26.5-million (P1.32-billion) loan to help local governments generate more revenues by digitizing property tax valuation and collection.
THE National Telecommunications Commision (NTC) committed to the House of Representatives that it would order ABS-CBN Corp. to stop airing programs through digital television receivers or digiboxes.
AN AFFILIATE of Ayala-led AC Energy, Inc. and Spanish distribution utility Iberdrola, S.A. are now in a bidding war to take over an Australian energy company after both firms have raised their offer prices.
THE BUREAU of Internal Revenue (BIR) will still go after Philippine offshore gaming operation (POGO) companies that are leaving the country to make them pay their tax obligations, the Finance chief said.
TODAYXFUTURE, a bar in Cubao, was the one place in the world where heiresses in Chanel could dance to songs by the Sexbomb Dancers. It was one of the few places in the city where 20-somethings danced to “The Ghost In You” by The Psychedelic Furs, and other New Wave and disco hits. Within a few minutes, the same crowd would also be dancing to Robyn’s “Dancing on My Own,” a perennial crowd favorite that always brought shrieks of elation. More importantly, as a safe space for queer individuals, it was one of the few places in the world where I felt secure holding another man’s hand. And now it’s gone.
A SINGAPORE-BASED holding company of New York-listed KKR & Co., Inc. has completed its share purchase at Lopez-led First Gen Corp., receiving acceptances higher than targeted.
THE Instituto Cervantes de Manila and the Embassy of Spain will be showing Spanish film classics in a film cycle called Clásicos contigo/Classics with You, during the weekends of July, for free, through the Instituto Cervantes Vimeo channel.
MANILA Electric Co. (Meralco) is discussing if it will extend the moratorium in serving disconnection notices to customers who still cannot settle any portion of their unpaid bills, especially before the quarantine period.
LOS ANGELES — Animated TV comedy The Simpsons is ending the use of white actors to voice characters of color, producers said on Friday.
MEGAWORLD Corp. is cutting its capital expenditures (capex) this year to P36 billion as it reported a 9% profit decline due to the coronavirus disease 2019 (COVID-19) pandemic.
FOR decades the Bermuda Triangle in the North Atlantic Ocean has been associated with unexplainable disappearances, including that of the USS Cyclops, a US coal transport vessel belonging to the Navy that disappeared en route from Brazil to Baltimore with no trace of the ship or its 309 passengers; Flight 19, a routine two-hour training mission that ended in the disappearance of 13 student pilots with a lieutenant who said that his compass wasn’t working before losing contact; and a Piper Navajo cabin class aircraft that disappeared on the radar a mile before landing even as a controller previously saw it approaching.