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Daily Archives: November 9, 2020 | 9:30 pm

Meralco help restore power in typhoon-hit areas

The Manila Electric Company (Meralco), along with its social development arm One Meralco Foundation (OMF), joined the Power Restoration Rapid Deployment ( PRRD)Task Force...

Peso climbs versus the dollar ahead of GDP data

THE PESO strengthened versus the dollar on Monday as the market expects the economy to have rebounded in the third quarter from its double-digit contraction in the April to June period.

PSE index ends flat ahead of 3rd quarter GDP data

PHILIPPINE SHARES closed flat on Monday as investors were on wait-and-see mode ahead of the release of third quarter gross domestic product (GDP) data and amid post-election developments in the United States (US).
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Moody’s Analytics downgrades PHL growth outlook for 2021

MOODY’S ANALYTICS downgraded its growth outlook for the Philippines for 2021 to 6.2% from its 7.8% estimate issued last month, citing the government’s tepid fiscal response which may result in a recovery weaker than it could have been.

Typhoon damage to power co-ops hits P369.821M

THE estimated cost of damage sustained by electric cooperatives due to Typhoon Rolly (international name: Goni) has climbed to P369.821 million, according to the National Electrification Administration (NEA) on Monday.

Pandemic restrictions on restaurants seen driving more coffee consumption at home

THE constraints imposed by the pandemic on restaurant operations will force more consumers to prepare coffee at home, providing an opportunity for brands to sell more via groceries, according to Fitch Solutions Country Risk & Industry Research.

DoF’s Dominguez says tax not a factor in closure of PHL refineries

FINANCE Secretary Carlos G. Dominguez III said refinery closures in the Philippines are not a response to the tax regime but rather are a global phenomenon triggered by changing oil-industry economics.

Gov’t extends deadline to pay taxes owed to LGUs to Dec. 19

THE deadline to pay taxes, fees and charges to local government units (LGUs) has been extended again to Dec. 19 to provide some relief from the pandemic.

Farmers seek bigger say in agri modernization

FARM ORGANIZATIONS asked Agriculture Secretary William D. Dar to consult more extensively to guide the implementation of Republic Act No. 8435, or the Agriculture and Fisheries Modernization Act (AFMA).

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The significance of the Electronic Commerce Act during the pandemic

Twenty years ago, RA 8792 (the Electronic Commerce Act) was signed into law. The government was preparing for the digital age as the world moved on to information and technology-based means of communication.

Philippines to vaccinate 25M citizens next year

THE PHILIPPINES will try to order 50 million coronavirus vaccine units for 25 million Filipinos next year, according to its vaccine czar.

Brazil envoy served with complaint for ill treatment of aide

THE DEPARTMENT of Foreign Affairs (DFA) has served a complaint to the Philippine envoy in Brazil who was recalled after mistreating her Filipino domestic helper, Foreign Affairs Secretary Teodoro L. Locsin, Jr. said on Monday.

Marcos wants justice out of election case

LOSING vice presidential candidate Ferdinand R. Marcos, Jr. and the Office of the Solicitor General have asked Associate Justice Mario Victor F. Leonen to inhibit himself from his election protest, citing bias.

Bill vs child marriage approved

The Senate on Monday approved on third and final reading a bill that seeks to outlaw child marriages in the Philippines.

Nationwide round-up (11/09/20)

MAJOR Gen. Debold M. Sinas, who became controversial earlier this year for having a birthday party during the strict quarantine period, has been appointed  by President Rodrigo R. Duterte as head of the police force.

Regional Updates (11/09/20)

TROPICAL storm Ulysses could intensify into a typhoon before making landfall on Thursday in the area of Bicol Region and Quezon province, weather bureau PAGASA said in its forecast on Monday.

Big data and Artificial Intelligence to hone last-mile deliveries

Use big data and Artificial Intelligence (AI) to wipe out waste from last-mile deliveries (LMD). COVID-19 has put disruptive pressure on last-mile B2B and B2C (business-to-business and business-to-consumer) deliveries. Customers demand higher volumes at lower costs in shorter times. As providers scramble to cope with the ruckus, they risk their margins because of the manual, wasteful ways of meeting the demand.

The staying power of public opinion polls

When the initial returns of the ballots cast in the US elections showed incumbent president Donald Trump leading over Democratic candidate Joe Biden in the popular vote and in Pennsylvania, Michigan, and Wisconsin, the political analysts in broadcast network CNN’s panel of commentators began to talk of the end of public opinion polling. All the major pollsters had forecast a Biden victory in the popular vote as well as in the three states.

Women, peace and security in the Philippines: A decade later

United Nations Security Council Resolution (UNSCR) 1325 launched the global agenda on Women, Peace and Security (WPS) 20 years ago. After two decades, several resolutions came out to reiterate the commitment to WPS: 1820 (2013), 1888 (2009), 1889 (2010), 1960 (2011), 2106 (2013), 2122 (2013), 2242 (2015), 2467 (2019), and 2493 (2019). These resolutions provide the policy frame and guidance for the promotion and protection of women’s rights in conflict and post-conflict situations.

COVID-19: A Swan or an Elephant?

THE LESSONS that people draw from the COVID-19 pandemic will depend on how they answer this question: Is this health emergency a black swan, or, is it the elephant in the room?

Fuel Masters fan top-four push

THE TOP-FOUR push in the PBA Philippine Cup of the Phoenix Super LPG Fuel Masters got a boost on Monday after they dug deep and defeated the upset-minded Blackwater Elite, 100-95, at the Angeles University Foundation Arena in Pampanga.

FIBA Esports Open set for bigger field in second edition

THE second edition of the FIBA Esports Open unfurls later this week with a bigger field than its first staging earlier this year.

Azkals Development Team ends 2020 PFL bid strong with third win in a row

THE Azkals Development Team (ADT) capped its 2020 Philippines Football League (PFL) campaign on a high note, running to its third straight win with a 2-0 victory over Stallion-Laguna FC on Monday morning at the Philippine Football Federation National Training Center in Carmona, Cavite.

Three Team Lakay fighters return to ONE action

BAGUIO-based Team Lakay will be prominently featured at ONE Championship’s “Inside The Matrix III” event on Nov. 13.

Ayo named as new coach of Chooks-to-Go Pilipinas team

Former University of Santo Tomas men’s basketball team coach Aldin Ayo will now handle the Chooks-to-Go Pilipinas 3x3 team seeing action in FIBA tournaments.

Biden’s economic challenge rests on sustaining pace of recovery

US PRESIDENT-ELECT Joe Biden inherits one of the most fraught economies in generations, requiring his administration to sustain its fragile momentum and help millions of Americans get back to work.

US crosses 10 million COVID-19 cases as third wave of infections surges

THE UNITED States became the first nation worldwide since the pandemic began to surpass 10 million coronavirus infections, according to a Reuters tally on Sunday, as the third wave of the coronavirus disease 2019 (COVID-19) virus surges across the nation.

Sydney restricts New Year’s Eve fireworks to limit coronavirus spread

SYDNEY — New Year’s Eve fireworks over Sydney Harbour will go ahead this year but will be shortened to just a few minutes and the city precinct will be restricted to those with restaurant, cafe and hotel bookings in order to limit the spread of coronavirus disease 2019 (COVID-19).

Medvedev wears down Zverev in Paris to claim third Masters title

PARIS — Russian Daniil Medvedev outclassed German Alexander Zverev (5-7 6-4 6-1) in the Paris final on Sunday to claim his third Masters title.

Woods bids to repeat Augusta glory after disappointing run

TIGER Woods will hope familiarity helps him recapture his form at Augusta National this week as the 15-time major winner aims to repeat the magic of his stunning Masters win last year.

NFL Roundup: Steelers edge Cowboys, stay uneaten

QUARTERBACK Ben Roethlisberger led a six-play, 79-yard drive capped by an eigth-yard touchdown pass to Eric Ebron with 2:14 left Sunday as the visiting Pittsburgh Steelers eked out a 24-19 win over the Dallas Cowboys in Arlington, Texas, to remain unbeaten.

Personal branding: an effective recruitment strategy for HR

Human resource (HR) professionals must take on a more active and consistent form of recruitment by working on their personal branding, according to an executive in the field.  

HK domestic workers’ monthly salary tops HK$5,000 this year

The average monthly salary of foreign domestic workers in Hong Kong topped HK$5,000 (P31,183.19; HK$1 = P6.24) in 2020, according to HelperChoice, an ethical recruitment platform. 

BusinessWorld Virtual Economic Forum with Satish Shankar

https://www.youtube.com/watch?v=VyfujxRFSwM The Southeast Asian region is estimated to generatea total of $4 trillion in terms of consumption in the next decade. What needs to be...

Samsung may launch flagship phone early to grab Huawei share 

SEOUL — Samsung Electronics Co. Ltd. may launch its flagship Galaxy S smartphones more than a month earlier than expected in a bid to grab market share from Huawei and fend off competition from Apple Inc., three sources familiar with the matter said. 

BusinessWorld Virtual Economic Forum with Jean-Antoine Zinsou

https://www.youtube.com/watch?v=Hf8rErm2HLk The world waits with bated breath for any one of the more than a hundred candidate vaccines to bring the world out of the...

BusinessWorld Virtual Economic Forum with Khor Chern Chuen

https://www.youtube.com/watch?v=luKmHvOvfDA As much as the pandemic has heightened the perks of digital, it has also further pushed the need among businesses to undergo digital transformation....

BusinessWorld Virtual Economic Forum with Dorjee Sun

https://www.youtube.com/watch?v=Yzv8s0jMJ7c How can we useblockchain technology in COVID-19 data management and recovery efforts? Join Dorjee Sun and 40 other local and international speakers on a two-day...

BusinessWorld Virtual Economic Forum with Arch. Felino Palafox

https://www.youtube.com/watch?v=lucvFFOXg1M Metro Manila ranks among the most densely populated cities in the world. How can we change it to become safer from any future health...

Clash of consoles: New PlayStation and Xbox enter $150 billion games arena—fight!

TOKYO/CHICAGO/STOCKHOLM — Think Michelangelo vs. Da Vinci. Muhammad Ali and Joe Frazier. Batman v Superman. Another epic rivalry is rejoined this week when Sony and Microsoft go head-to-head with the next generation of their blockbuster video-game consoles.

Nissan plots digital course for car sales in a post-pandemic world

BEIJING — As COVID-19 threw a wrench into the cogs of car retailing, a senior Nissan board member challenged the chief operating officer to explain what the automaker was doing to adapt to a new era where customers may be reluctant to roam showrooms.

Global economy not expected to fully recover before 2022 — report

By Patricia B. Mirasol Mounting job losses and bankruptcies, more government support for a green recovery, disruptive trade spats and international disputes, and opportunities in...

It’s Christmas time at SM!

Christmas is almost here! Not even the pandemic can take away the beloved tradition of Filipino families to celebrate this joyous season at SM....

[B-SIDE Podcast] Are you okay? Treating the workforce as human beings, not just human...

https://open.spotify.com/episode/4euaqNlS9zoBEj1PPgI6tw Follow us on Spotify BusinessWorld B-Side The eight-month lockdown, one of the longest in the world, has kept much of the country’s workforce at home....