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Daily Archives: November 15, 2020 | 11:34 pm

DA distributes assistance worth over P250M to typhoon-affected farmers in Bulacan, Rizal

THE Department of Agriculture (DA) said it distributed P250.25 million worth of assistance to farmers in Bulacan and Rizal who were affected by Typhoon Ulysses (international name: Vamco).

Profit taking seen to pull down stocks this week

LOCAL SHARES are expected to tread lower this week due to anticipated selling pressure after two weeks of rally.

Peso to climb further vs dollar ahead of remittances, BoP data

THE PESO may strengthen versus the dollar this week as coronavirus cases in the country continue to decline and ahead of the release of latest data on overseas Filipino workers’ (OFW) remittances and the country’s balance of payments (BoP) position.

Gov’t urged to seek foreign aid after typhoons

A SENATOR on Sunday urged the Department of Foreign Affairs (DFA) to seek help from the international community for victims of Typhoon Vamco, which killed at least 67 people and submerged many parts of Luzon island last week.

DoH: 1,500 COVID-19 infections added to tally; deaths at 7,832

THE DEPARTMENT of Health reported 1,530 coronavirus infections on Sunday, bringing the total to 407,838.

Davao congressman leaves President Duterte’s ruling party

A FORMER House leader has left  President Rodrigo R. Duterte’s ruling party before the 2022 elections.

Regional Updates (11/15/20)

PHILIPPINE security forces have had their hands full on emergency preparations and response operations in the past weeks as several strong typhoons have affected various regions in the northern part of the country.

MICT int’l cargo throughput falls, South Harbor tonnage up

INTERNATIONAL CONTAINER throughput and tonnage at the Manila International Container Terminal (MICT) declined during the third quarter due to the disruptions to trade arising from the pandemic, according to data from the Philippine Ports Authority (PPA) obtained by BusinessWorld.
Bataan Nuclear Power Plant (BNPP)

Nuclear touted as baseload solution, but risks flagged

NUCLEAR POWER holds the potential to address the country’s need for reliable, always-on baseload power, but the risks posed by the energy source could be a key sticking point towards its adoption, experts said.

Tax take as share of GDP declines in 9 months

THE SHARE of tax collections to economic output — known as “tax effort” — fell to 14.5% in the nine months to September compared to the 14.9% posted a year earlier, due to the weakening of the economy as a result of the pandemic, the Department of Finance (DoF) said in an economic bulletin.

Bill amending land titling system filed in Senate

A BILL improving the land titling system to address the steady decline in title issuance in the past ten years has been filed in the Senate.

House leadership commits to passing AMLA amendment

THE HOUSE leadership committed to passing an amendment to the anti-money laundering law as session resumes this week.

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How boards can set the course for a stronger future

As society continues to evolve towards a post-pandemic world and the economy adjusts to the new normal, organizations are presented with the opportunity to set the tone for how they adapt their operations and positively impact society.  The current situation allows boards an expanded role in steering their organizations along this journey.

Power rates down in November

Improved supply situation causes decrease in Generation Charge The Manila Electric Company (MERALCO) announced today a downward adjustment of power rates, as the overall rate...

Ralph Recto, the Donald Trump of the Philippines?

In a press statement, Action for Economic Reforms (AER) described Senator Ralph Recto as the Donald Trump of the Philippines. AER said that Sen. Recto behaves like President Trump: Trying to impose his will and having his way in shaping CREATE (Corporate Recovery and Tax Incentives for Enterprises). AER criticized Recto for delaying CREATE’s passage and for insisting on a position that perpetuates tax incentives for some exporters.

Will we expect good growth performance of the agriculture sector in 2020?

The agriculture sector pulled up overall economic growth in the third quarter of this rather dismal year, 2020. Along with financial and insurance activities and public administration and defense, compulsory social activities, the sector grew by 1.2% last quarter. Meanwhile, the growth performance of industry and services remained negative, as in the second quarter.

Why investors prefer Vietnam over the Philippines

Something that Singapore, Malaysia, Thailand, and lately, Vietnam, have in common is that they all adopted the tried and proven Asian formula for economic development. Each pursued rapid industrialization by attracting foreign capital, by building their manufacturing competencies, and by exporting their way to prosperity. Within a generation, these countries have become high or upper-middle income economies.

Creating intellectual property champions among the youth

AS NOVEMBER is National Children’s Month, this makes for a great opportunity to highlight the role we play in enabling our younger people to be the creators, innovators or leaders they ought to be.

Defiant Trump still refusing to concede to Biden

THE TRANSITION to President-elect Joe Biden’s administration remained in political limbo on Sunday, a day after tens of thousands of President Donald Trump’s supporters poured into the nation’s capital to echo his false claims of election fraud.

COVID’s rampage means no medical cavalry coming to the rescue

JEFF JENSEN, a critical-care doctor in Rochester, Minnesota, volunteered last spring to bolster New York City’s medical workers during its coronavirus disease 2019 (COVID-19) crisis. The 51-year-old spent two weeks in an ad hoc intensive-care unit at a Brooklyn public hospital.

Johnson charges to four-shot lead after Masters third round

AUGUSTA, GA — Dustin Johnson had one arm in the Green Jacket after charging to a four-shot lead with a near-perfect seven-under-par 65 in the third round at the Masters on Saturday.

PVL transitions to a pro league

AFTER nearly a decade of operating under a semi-professional setting, the Premier Volleyball League (PVL) is all set to go full time as a professional league as it continues to bat for the growth of volleyball in the country.

Barangay Ginebra Kings welcome extra time to prepare after being first to semis

THE first team to book a spot in the PBA Philippine Cup semifinals, the Barangay Ginebra San Miguel Kings welcome the extra time to rest and prepare before plunging back into action.

Young Gilas pool for Asia Cup window has future in mind — SBP

ON Friday, the Samahang Basketbol ng Pilipinas (SBP) released the names of players making up the pool for the Gilas team seeing action at the International Basketball Federation (FIBA) Asia Cup 2021 qualifiers later this month in Manama, Bahrain.

France eclipse holders Portugal to reach Nations League final four

LISBON — France handed defending Nations League champions Portugal a rare defeat on Saturday, winning 1-0 in Lisbon with N’Golo Kante’s second-half strike to reach the competition’s final four at the expense of the holders.

Eustaquio hacks win in rough night for Team Lakay

FRIDAY’S “ONE: Inside The Matrix III” proved to be a rough night for Baguio-based Team Lakay after only one of its three featured fighters came out victorious.

Difficult tandem

It took the Rockets — or, to be more precise, James Harden and Russell Westbrook — a mere season to conclude that their partnership doesn’t work. For all the sterling numbers they continued to put up, they basically ran the offense in a “your turn, my turn” manner. And their tendency to hog the ball wasn’t merely borne of personal preference; it was necessary in order for them to maximize their talents. Each All-Star had to have full command of the leather to get humming, during which time the other couldn’t help but stay stationary in the periphery.

China finds coronavirus on frozen beef, tripe from various countries

BEIJING — The eastern Chinese city of Jinan said it has found the new coronavirus on beef and tripe, and on packaging for these products, from Brazil, New Zealand, and Bolivia as China ramps up testing on frozen foods.

Death toll from year’s deadliest typhoon in Philippines climbs to 67

MANILA — The death toll from the deadliest cyclone to hit the Philippines this year has climbed to 67, with 12 people still missing,...