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Daily Archives: November 3, 2020 | 9:00 pm

Peso slips as data show contraction in manufacturing activity

THE PESO slipped versus the dollar on Tuesday on data showing the manufacturing industry contracted in October and ahead of the results of the presidential election in the United States.

Bargain hunting lifts stocks after trading break

THE MAIN INDEX ended Tuesday’s trading with some gains on the back of bargain hunting ahead of the US election.
Malacañang Palace

Relaxed restrictions nationwide eyed by first quarter 2021 

THE GOVERNMENT is targeting to implement eased quarantine rules nationwide within the first quarter 2021, Malacañang announced on Tuesday.

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Could PHL gain from China’s new 5-yr plan?

CHINA’S PUSH for innovation and green development in its fifth plenary session expands opportunities for technological development and investments that the Philippines must be ready to capture, an analyst said.

Nationwide round-up (11/03/20)

THE SUPREME Court, sitting as the Presidential Electoral Tribunal (PET), has no power to call for a special election to settle the election protest against Vice President Ma. Leonor G. Robredo, the Office of the Solicitor General said.

Regional Updates (11/03/20)

TROPICAL STORM Siony intensified on Tuesday morning with its center located 565 kilometers (km) east of Basco, Batanes, but was moving slowly and is forecasted to be “almost stationary” in the next 24 hours, according to weather bureau PAGASA. Siony, with international name Atsani, could make landfall in the Batanes-Babuyan Islands area on Friday, but PAGASA said “there remains a high degree of uncertainty in the forecast track” due to the storm’s quasi-stationary state.

Typhoon Rolly crop damage tally raised to P2B

AGRICULTURAL DAMAGE caused by Typhoon Rolly (international name: Goni) is now estimated at P2 billion, up from the previous tally of P1.75 billion, according to the Department of Agriculture (DA).

Typhoon Rolly damage to power co-ops initially estimated at P30.5 million

ELECTRIC COOPERATIVES (ECs) sustained damage estimated initially at P30.5 million during the transit of Typhoon Rolly (international name: Goni), according to the National Electrification Administration (NEA) in a power situation report Tuesday.

DoF seeking accelerated devolution of gov’t functions to BARMM

GOVERNMENT agencies need to accelerate the devolution of projects and programs to the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) according to the Department of Finance (DoF), which is taking a lead role in relations between the government and the newly-formed autonomous government.

Corn farmers’ income fell 15.5% in 2019 on higher costs, weak farmgate prices

AVERAGE INCOME reported by corn farmers, as measured in an indicator called net returns, fell 15.5% to P16,598 per hectare in 2019, according to the Philippine Statistics Authority (PSA).

In final pre-election push, Biden and Trump gird for possible court battle

KENOSHA, Wis./PITTSBURGH, Pa. — President Donald Trump and Democratic rival Joe Biden made a last-ditch push for votes in battleground states on Monday as their campaigns prepared for post-election disputes that could prolong a divisive presidential election.

At least one ‘Islamist terrorist’ behind Vienna attack, says minister

VIENNA — Attacks across central Vienna, in which gunmen killed three people and injured several others, were carried out by at least one “Islamist terrorist,” Austrian Interior Minister Karl Nehammer said on Tuesday.

SMB labors to fourth straight win

THE defending champions San Miguel Beermen (SMB) notched their fourth straight win in the PBA Philippine Cup on Tuesday but not after being made to sweat by the Blackwater Elite, 90-88, in overtime in the opening game of a quadruple-header at the Angeles University Foundation gym in Pampanga.

Azkals Development Team barges into PFL win column

THE Azkals Development Team (ADT) barged into the win column of the Philippines Football League (PFL) after beating Mendiola FC 1991, 2-0, in the opening game on Tuesday at the Philippine Football Federation National Training Center in Carmona, Cavite.

POC candidate Aranas touts platform built around transparency, unity

Seeing the Philippine Olympic Committee elections later this month coming at a “critical point” in the body’s existence, presidential candidate Jesus “Clint” Aranas reiterated the need for members to be judicious in their decision on who to elect just as he touted their ticket’s platform built around transparency and unity, among others.

Dealing with red-tagging paranoia

When I was in college, I heard an Englishwoman say at a university symposium that if you are not left-leaning when you are 20 years old, you have no heart.

The Trump Administration and the management of the Philippine-US alliance

At the onset of his term, President Donald Trump caused uneasiness among America’s allies both in Western Europe and Asia.

Grace period on loans as a form of bayanihan

Currently, around 90,000 businesses*, including 6% of micro, small and medium enterprises**, remain closed due to the more than six-month community quarantine imposed in the National Capital Region and several provinces to prevent the ongoing spread of COVID-19.*** Meanwhile, poverty incidence rate is expected to increase next year, at a range of 15.5% to 17.5%, due to the continuing national emergency.****

The US election might not yield instant results. That’s fine.

IN RECENT YEARS, Election Night in America has become a lot like New Year’s Eve. Bars, restaurants and hotel ballrooms fill up with revelers;...

Filipino marathoner Tabal to take part in Asics running challenge

PHILIPPINE national marathoner and Asics endorser Mary Joy Tabal and Miss Universe Philippines Gazini Ganados are taking part in the ASICS World Ekiden 2020: the ultimate running challenge this month.

Poland’s Swiatek settles into celebrity status and eyes more silverware

WARSAW — Iga Swiatek went from being a largely unknown teenager to suddenly acquiring celebrity status after winning the French Open in October—and the Pole is now confident she can go on to win all the Grand Slam titles in her career.

Silver says NBA, union ‘running out of time’ for Dec. start

WITH the National Basketball Association (NBA) in ongoing negotiations with the players union over proposed schedule formats and dates for the 2020-21 regular season, commissioner Adam Silver reportedly told league general managers Monday that the two sides are “running out of time” if they want to begin in December.

Bucs with QB Brady

Head coach Bruce Arians had a decision to make, and he pondered the possible consequences of his choices. The Buccaneers were up 22-17 with 3:49 left on the game clock, and he could opt to have his charges go for fourth and one on the Giants’ 20-yard line. It was a move supported by quarterback Tom Brady who, naturally, wanted to be in position to put the score out of reach. Instead, he took the more conservative tack and sent Ryan Succop out to secure a fourth field goal in four tries. Mission accomplished.

Online tool helps teachers detect plagiarism

An Internet-based service helps teachers detect plagiarism, a problem that exists in both physical and virtual classrooms. 

Social innovators recognized for their work in Filipino communities

Three social innovators were inducted to the lifelong Ashoka Fellowship at the Ashoka Induction and Fellow Launch for creating inclusive and systems-changing solutions in their chosen Filipino communities: Ryan Gersava, Ben Abadiano, and Scott Stiles. 

The pandemic could be a turning point for consumer trust in artificial intelligence 

Ninety-four percent of Filipino consumers expect companies to accelerate their digital initiatives, according to “State of the Connected Customer 2020,” a report by customer relationship management (CRM) firm Salesforce released on October 29. COVID-19 drove this increase, with 88% saying that the pandemic elevated their expectations of digital capabilities.

T-cell study adds to debate over duration of COVID-19 immunity

LONDON — A small but key UK study has found that “cellular immunity” to the pandemic SARS-CoV-2 virus is present after six months in...

Royal Caribbean suspends cruises through year-end

Cruise operator Royal Caribbean Group said on Monday it would stop all its cruises through the end of the year, extending previous suspensions, as...

FX markets to remain net short US dollar after election — poll

BENGALURU — Bets against the US dollar were expected to linger or even increase in the immediate aftermath of the Nov. 3 presidential election,...

SM malls provide immediate assistance to families affected by Typhoon Rolly

SM malls in Metro Manila and in Luzon opened doors to stranded customers and to nearby residents as Typhoon Rolly made landfall in the...

A continuing commitment to wellness

REJ Diamond Pharmaceuticals continues to enhance lives through quality health products Among the things, the coronavirus disease 2019 (COVID-19) pandemic has impressed on many is...

[B-SIDE Podcast] Duterte’s ‘dual-track approach’ to China, and why it won’t work

https://open.spotify.com/episode/7BA6TvTsdHMpCgyZmHGUZg Follow us on Spotify BusinessWorld B-Side It is a mistake for the Duterte administration to think that it can separate its maritime dispute with China...

PSE short selling rules out by Q1

THE Philippine Stock Exchange, Inc. (PSE) is targeting to implement short selling and new listing rules by early next year to help drive up activity in the local market.

The costliest and deadliest typhoons in the Philippines

TYPHOON ROLLY damaged crops worth P1.17 billion, mainly rice, across several regions, according to an initial estimate by the Agriculture department on Monday. Read...

Typhoon Rolly leaves P1.75B in agri damage

TYPHOON ROLLY damaged crops worth P1.17 billion, mainly rice, across several regions, according to an initial estimate by the Agriculture department on Monday.

Korea grants $100-M loan for PHL pandemic response

THE South Korean government on Monday said it has extended a $100-million (P4.84-billion) loan to the Philippines to boost its war chest against the coronavirus disease (COVID-19) pandemic.

Coal ban seen to lure $30-B RE projects

THE Energy department’s moratorium on new coal-fired projects is projected to bring in P1.45 trillion or $30 billion worth of investments in renewable energy by 2030, said an organization that examines energy markets, trends, and policies.

PPP adds films to lineup, extends festival run

TO an impressive slate of 160 films, the online edition of Pista ng Pelikulang Pilipino (PPP) has added 10 more films to its lineup bringing the total number of featured films to 170. The huge number of films, together with public demand, has also led the festival to extend its run — which kicked off on Oct. 31 — from 16 days to 44 days.
SEC logo

SEC flags investment scheme operated by Bitcoin Digital

THE Securities and Exchange Commission (SEC) is warning the public against an unregulated investment operator that claims to be endorsed by Finance Secretary Carlos G. Dominguez III and local celebrities.

Construction of high-end Davao condo stays on track

DAVAO CITY — The Ayala and Alcantara groups’ township project, Azuela Cove, is on track with its first residential building scheduled for topping off by the end of the year.

New Spanish films to show online in November

FILM buffs will be able to catch a series of movies considered as “The Other Spanish Cinema,” a label with which the generation who started working with cinema at the dawn of the 21st century was named, through the “New Cinephilias Online” film series on Vimeo.

ABS-CBN shutdown leaves ‘information gap’ — professor

THE shutdown of ABS-CBN Corp. left a big “information gap” in the midst of natural calamities such as Typhoon Rolly because of the broadcast giant’s wide reach and significant role in covering far-flung areas, a journalism professor said on Monday.

ECB policy action pledge has banks, marts guessing

THE EUROPEAN CENTRAL Bank’s (ECB) exceptionally clear pledge to come up with a new package of monetary stimulus at its next policy meeting has given markets plenty to think about.

Vista Residences launches Sky Arts Manila

VISTA RESIDENCES is looking to attract young professionals and entrepreneurs with its new residential condominium in Manila.

Cine Europa moves online

LIKE many film festivals, the Cine Europa film festival has also moved its 2020 installment — featuring 19 films from 20 European countries — online.