THE PESO weakened versus the dollar on Tuesday despite news of progress in vaccine candidates against the coronavirus disease 2019 (COVID-19) and amid bargain hunting in the local stock market.
PHILIPPINE SHARES bounced back on Tuesday to snap a three-day losing skid following positive news on another coronavirus disease 2019 (COVID-19) vaccine candidate.
LAWMAKERS on Tuesday sought an investigation of dam operations in Marikina and Cagayan Valley and logging activities in the Sierra Madre that supposedly caused heavy flooding when Typhoon Vamco hit Luzon last week, killing at least 73 people.
THE SUPREME Court has threatened to hold Solicitor General Jose C. Calida in contempt for seeking to oust a magistrate he had accused of bias in the election protest of losing vice presidential candidate Ferdinand R. Marcos, Jr.
THE DEPARTMENT of Health (DoH) reported 1,148 coronavirus infections on Tuesday, bringing the total to 410,718.
A HOUSE of Representatives committee on Tuesday approved in principle a bill that seeks to tax off-site betting involving cockfights and other electronic gambling to fund the government’s pandemic response.
AN additional P200 million has been proposed for inclusion in the 2021 budgets of the police and the Bureau of Fire Protection (BFP) to serve as quick response fund (QRF) during calamities.
THE Palace on Tuesday said President Rodrigo R. Duterte has received the recommendation of the national disaster management council on declaring a state of calamity in the entire Luzon island and will announce a decision soon.
A MEASURE calling for a third package of economic stimulus programs — which would be known as Bayanihan III if passed — has been filed at the House of Representatives.
THE Department of Energy (DoE) said Tuesday that it has received 44 applications for renewables service and operating contracts linked to projects with the potential to generate 1,479 megawatts (MW).
THE CENTRAL BANK will likely observe a pause in its rate easing with liquidity ample, but it could be keeping another reduction in reserve to boost growth pending a further easing in the quarantine sometime next year, HSBC (Hongkong and Shanghai Banking Corp. Ltd.) said.
THE Agricultural Credit Policy Council (ACPC) supports a bill establishing a credit facility for farmers seeking to become online entrepreneurs focused on agricultural products, according to a House of Representatives committee report.
THE Asian Development Bank (ADB) said it has a technical assistance fund of $20.3 million to help its member countries organize the distribution of coronavirus disease 2019 (COVID-19) vaccines once these are available sometime next year.
THE Trade department expressed its support for a measure establishing a database for micro, small and medium enterprises (MSMEs) in all cities and municipalities, according to a House of Representatives committee report.
THE GOVERNMENT has launched a program accelerating the grant of intellectual property (IP) protections for science and technology research it supports, which is intended to speed up the commercialization of any innovations developed.
Before the pandemic, there were decades of sustained economic growth never before seen in our history. The outlook for long term prosperity bolstered the government’s very ambitious infrastructure programs and most certainly strengthened the political stability of the administration. However, with the outbreak of the global pandemic, economic development was stunned, impacting everybody, and like all calamitous events, the hardest hit are always the poor.
One thing that has thrived during this pandemic is online shopping. While e-commerce platforms were already a booming industry before the pandemic, their appeal has steadily increased since because of the convenience and safety they provide. Indeed, the words “Add to Cart” are now very familiar to us in our daily lives.
THE WORLD now seems likely to have at least two effective vaccines against COVID-19 (coronavirus disease 2019) with Monday’s announcement of positive early data from Moderna, Inc.’s 30,000-person clinical trial. The result comes a week after Pfizer, Inc. and BioNTech SE revealed a protection rate of more than 90% against disease. Moderna slightly one-upped its rivals, estimating that its shot is 94.5% effective at preventing COVID-19. Both results are highly impressive for inoculations developed at historic speed.
COMPETITION in the PBA Philippine Cup is now down to four teams with the TNT Tropang Giga and Phoenix Super LPG Fuel Masters kicking off the semifinal proceedings on Wednesday.
ONE of the top volleyball stars in the land, Alyssa Valdez is excited over the possible return of action in the sport after being sidelined by the coronavirus pandemic by way of the now-professional association Premier Volleyball League (PVL).
IN nearly a decade of parading his wares in the country, football star OJ Porteria is now looking for other opportunities and destinations to showcase his skills, deciding to leave the newly minted Philippines Football League (PFL) champion United City Football Club (UCFC).
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THE Phoenix Suns acquired star guard Chris Paul from Oklahoma City (OKC) in a six-player trade, the Thunder announced Monday.
Sam Presti has always been an astute general manager. The moves he makes haven’t always struck gold. For instance, he let go of James Harden in 2012 even though a little financial creativity and, yes, a handful of hard choices could have allowed the Thunder to keep him. Then again, nobody bats a hundred percent, and he has arguably come closest out of all the front-office honchos in the National Basketball Association despite otherwise-debilitating small-market constraints. And what he hasn’t seen in stability of late, he more than makes up for with reputation, resiliency, and resourcefulness.
BARCELONA — The experience of having to respond so rapidly to the coronavirus disease 2019 (COVID-19) crisis should serve as a wake-up call to accelerate action to deal with climate change, which is already hitting vulnerable communities hard, the Red Cross said on Tuesday.
Finance Secretary Carlos G. Dominguez III said he doesn’t see a need for outsized government borrowings as he expects the economy to bounce back in 2021 amid a sustained reopening that’s been restoring jobs.
Many professionals, including academics, are accustomed to flying a lot. Or they were before COVID-19 drastically reduced air travel and disrupted conference plans globally. For now, the mingling of many people in hotel conference rooms, flown in from many places, isn’t an option.
PARIS — Air cargo operators may struggle to distribute new COVID-19 vaccines effectively unless pandemic travel restrictions are eased, global airlines cautioned on Monday.
GENEVA — The World Health Organization (WHO) welcomed Moderna reporting on Monday that its experimental vaccine showed 94.5% efficacy but said that “many questions” remained and it was no time for complacency.
Moderna Inc.’s experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial, the company said on Monday, becoming...
ZURICH — Moderna Inc. delivered the latest good news from COVID-19 vaccine developers, saying its experimental vaccine is 94.5% effective in preventing the disease...
By Patricia B. Mirasol Small-scale farmers produce 80% of the food consumed in Southeast Asia, underscoring their critical role in protecting the food value chain...
Resellee, a social e-commerce platform in the Philippines, announced that it received a $1 million seed fund from Mintech Enterprises, a Singapore-based digital banking...
Demand for content amid lockdown pushes creators to ‘think small’ by Mariel Alison L. Aguinaldo The list of players in the over-the-top (OTT) industry grows longer...
CASH REMITTANCES from overseas Filipinos rebounded in September, growing at the fastest pace in more than two years after a decline in August.
ABDUL JOHN A. CANDELARIO, 30, tried to borrow half-a-million pesos from a bank so he could expand his Korean barbecue business and capitalize on the booming food delivery service amid a lockdown meant to contain a coronavirus pandemic. He got turned down.
VEHICLE SALES in October plunged by 27.3% year on year to 25,023 units, the highest sales volume since the start of the coronavirus pandemic, according to an industry group.
MEGAWIDE CONSTRUCTION Corp. expects the Swiss challenge for the P109-billion Ninoy Aquino International Airport (NAIA) rehabilitation project to be completed in the first quarter of 2021.
GT CAPITAL Holdings, Inc. reported a net income of P489 million in the third quarter, slumping by about 94% from the P7.99 billion it reported a year earlier.
ABS-CBN Corp. swung to a net loss in the third quarter as advertising and consumer revenues dropped after the closure of its broadcast and digital TV operations, and amid the public health crisis.
VILLAR-LED Vista Land & Lifescapes, Inc. is keen on doing a real estate investment trust (REIT) offering for some of its leasing assets to improve its financial position during the coronavirus pandemic.
CEBU LANDMASTERS, Inc. posted an attributable net income of P709.78 million in the third quarter, slowing by 11% from last year but growing more than triple from P219.57 million in the second quarter.
THE regulator has approved Aboitiz Equity Ventures, Inc.’s (AEV) plan to list the P7.55-billion second tranche of its P30-billion fixed-rate bonds that will partly fund the construction of its hydro-powered water treatment plant in Davao.
SUNTRUST HOME Developers, Inc. is tapping Megawide Construction Corp. to build its hotel casino project in Parañaque City.
CENTURY PACIFIC Food, Inc. (CNPF) is introducing a vegan meat alternative to cater to Filipinos shifting to healthier lifestyles.
SM INVESTMENTS Corp., the owner of the Philippines’ largest mall operator, is speeding up efforts to develop “omni-channel” options for shoppers as people shift to a mix of online and in-store purchases amid the coronavirus pandemic.
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