Home 2020 November 19

Daily Archives: November 19, 2020 | 9:00 pm

PSE BGC bells

Shares lose momentum ahead of BSP decision

LOCAL SHARES moved in red territory on Thursday to pull back from the market’s rally in the past two days.

Peso weakens ahead of BSP meeting

THE PESO weakened versus the dollar on Thursday ahead of the central bank’s latest policy decision and after the New York City government ordered schools to close again amid rising cases of the coronavirus disease 2019 (COVID-19) there.

Duterte approves emergency use of coronavirus vaccines

PRESIDENT Rodrigo R. Duterte would allow the emergency use of coronavirus vaccines, which would cut the approval process for drugs approved in countries where these were developed, his spokesman said on Thursday.

Half-a-trillion pesos given to lawmakers’ districts — senator

A SENATOR on Thursday flagged almost half-a-trillion pesos of congressional district funds under next year’s P4.5-trillion national budget.

Neophyte lawmaker declines election as a deputy speaker

A NEOPHYTE lawmaker has declined her election as a deputy speaker under the new House of Representatives leadership.
Department of Agrarian Reform (DAR)

Nationwide round-up (11/19/20)

THE DEPARTMENT of Agrarian Reform (DAR) on Thursday launched a project that aims to speed up the distribution of individual land titles to 1.14 million agrarian reform beneficiaries.

Regional Updates (11/19/20)

A lawmaker on Thursday asked the National Bureau of Investigation (NBI) and Philippine National Police (PNP) to go after people organizing bogus donation drives supposedly to assist victims of typhoons that recently pummeled many areas in Luzon.

PHL recovery to lag Asia Pacific

ASIA-PACIFIC economies will likely lead the global recovery in 2021, with the Philippines viewed as a laggard due to the outsized impact of the coronavirus on the economy, according to Moody’s Analytics.

DoF’s Dominguez calls for ‘aggressive’ action to mitigate climate change

FINANCE Secretary Carlos G. Dominguez III asked the Climate Change Commission (CCC) to be more aggressive in mitigating the impact of climate change, in the wake of consecutive calamities that have set back the economy even further while it is still dealing with the pandemic.

Philippines commits to free-flowing trade in ASEAN essential goods

THE PHILIPPINES has signed on to an Association of Southeast Asian Nations (ASEAN) commitment to reduce trade restrictions on essential goods that help combat the pandemic.

Rice supply deemed sufficient despite typhoons — Dar

AGRICULTURE Secretary William D. Dar said the rice inventory is sufficient until the end of the year despite widespread crop damage caused by consecutive typhoons.

SB Corp. sees 15,000 more small business loans processed by end-2020

THE Department of Trade and Industry (DTI) plans to process an additional 15,000 loan applications for micro-, small-, and medium-sized enterprises (MSMEs) affected by the pandemic before the end of 2020, falling short of its initial target.

US provides assistance for water security project

THE US government is supporting a P869-million project that will provide water security in Palawan, Negros Occidental and Sarangani.

Ulysses is another wake-up call

The fourth in the month of November, Typhoon Ulysses was aptly named. Like the hero of Homer’s Odyssey, it meandered through a vast expanse of land and sea. Its broad rain band deluged almost a third of the Philippine archipelago, and as it crossed Luzon its winds destroyed crops and left entire provinces and regions in ruins, while the floods its waters brought cost thousands their homes and belongings and even took the lives of, at the latest count, 73 Filipinos.

Green shoots and mobility: Philippine economic prospects

On July 16, we wrote about what many believed to be the three initial signs of business revival after several months of the pandemic. They were the slower decline in external trade, the softer drop in manufacturing output and expansion in capacity utilization, all in May. We called these green shoots, but not quite at the time.

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Grief in the time of the pandemic

One of the well-attended webinar topics in the Ako Para Sa Bata online conference was “How to handle grief.”

Time for the Senate to look into RCEP

The big news is last weekend’s signing of the Regional Comprehensive Economic Partnership (RCEP) agreement. Touted as the world’s biggest free trade agreement, the RCEP is said to promise gazillions for the Philippines.

Top seed Barangay Ginebra shoots for 2-0 semis series lead vs Meralco

DREW first blood in their best-of-five PBA Philippine Cup semifinal bid, the Barangay Ginebra San Miguel Kings look to create further distance from the Meralco Bolts in Game Two on Friday at the Angeles University Foundation (AUF) Arena in Pampanga.

Uichico is Gilas coach for FIBA Asia Cup November window

Veteran coach Jong Uichico will be manning the sidelines for Gilas Pilipinas when it plunges into action next week for the 2021 FIBA Asia Cup qualifiers in Manama, Bahrain.

Young Filipino tennis star Alex Eala has typhoon-hit Philippines in mind

WHILE she is in far away Spain, young Filipino tennis star Alex Eala still has the Philippines in mind, especially now that it has been ravaged by strong typhoons.

2020 NBA Draft: Edwards, Wiseman go 1-2

GEORGIA guard Anthony Edwards is headed to the Minnesota Timberwolves as the first pick in the 2020 NBA Draft.

Manila Chooks TM goes to battle at FIBA 3X3 Doha World Tour Masters

THE grind for Manila Chooks TM at the 2020 International Basketball Federation (FIBA) 3X3 Doha World Tour Masters begins on Friday in Qatar with the team looking to go deep in the tournament amid tough competition.

Local professional chess league set for launch next year

THE LOCAL CHESS scene is set to get a boost with the setting up of the first professional league for the sport in the country.

PTA-Milo online taekwondo national championships set this weekend

ONLINE taekwondo action takes front and center this weekend as the Philippine Taekwondo Association (PTA) and Milo Philippines hold their national championships.

Dodgers follow championship with team-wide layoffs

NOT even a World Series title could make the Los Angeles Dodgers immune from financial losses during a season without fans, so the team was forced to lay off employees throughout the organization on Wednesday.

Czechs pip Scotland for promotion; Russia hopes end in humiliation

CZECH Republic beats neighbors Slovakia 2-0 to pip Scotland for promotion to the top tier of the Nations League on Wednesday while Russia’s hopes ended with a 5-0 humiliation in Serbia as Hungary went up instead.

Keeping Giannis

Reaction to news of the impending deal that will send Jrue Holiday to the Bucks was far from universal. Even as the Pelicans guard is a proven defensive commodity (and arguably the best of the best at clamping down on perimeter threats), pundits and fans alike couldn’t help but wonder if he and a throwaway second-round pick are worth the trove of assets for whom they’re being dealt. Apart from three first-round picks and two first-round swap rights through 2027, the franchise anchored by reigning Most Valuable Player Giannis Antetokounmpo will likewise be forking over starter Eric Bledsoe and dependable sub George Hill.

Tokyo raises coronavirus alert to highest level

TOKYO — The Japanese capital of Tokyo posted the highest coronavirus alert level on Thursday with its daily tally of new cases set for a record high of more than 500, and its governor warned of much worse unless action is taken.

South Korea to convert hotels into apartments to address home shortage

SEOUL — South Korea is converting hotels and offices into rental units in its latest attempt to address nationwide outcry over soaring rents, targeting an increasing number of single, young renters struggling to find affordable homes.

Three reasons for information exhaustion—and what to do about it

An endless flow of information is coming at us constantly: It might be an article a friend shared on Facebook with a sensational headline or wrong information about the spread of the coronavirus. It could even be a call from a relative wanting to talk about a political issue.

Megaprojects flagged as Trojan horse to develop remaining rainforests

KUALA LUMPUR — A rise in huge, opaque infrastructure and mining projects threatens to destroy and open up the world’s last remaining rainforests to development, researchers warned on Thursday.

‘In the DNA’: How social entrepreneurs are getting creative in pandemic

KUALA LUMPUR/NAIROBI — As COVID-19 forces businesses worldwide to reinvent themselves, social entrepreneurs are getting creative to help communities hit hard by the pandemic—from a Ugandan medicine-on-wheels service to upcycled face masks made by vulnerable women in Peru.

Pfizer-BioNTech vaccine deliveries could start ‘before Christmas’

Pfizer Inc. and BioNTech could secure emergency US and European authorization for their COVID-19 vaccine next month after final trial results showed it had a 95% success rate and no serious side effects, the drugmakers said on Wednesday.

Vista Mall offers EasyTrip RFID installation from Nov. 16-27

With the full transition to cashless transactions at tolls scheduled to begin on December 1 this year, many car owners have started flocking RFID...

AC Bonifacio, Baninay Bautista, and more vloggers premiere their video content first on...

TrueID expands its collection of content in the Philippines with the release of celebrity and influencer videos first seen on www.trueid.ph. Last week, young star...

EDC tagged as one of Asia’s top sustainability advocates

Its pursuit to produce 100% clean and renewable energy as it enhances the environment and empowers its stakeholders accorded Lopez-led geothermal power leader Energy...

Cignal TV and Radius Telecoms launch newest fiber broadband provider

RED Broadband, a new partnership to bring to every Filipino home the latest unlimited fiber broadband and pay-TV service, is formalized between Cignal TV...

US security adviser O’Brien en route to Vietnam, Philippines

WASHINGTON — White House national security adviser Robert O’Brien is on his way to Vietnam and the Philippines, countries that share US concern over...

Manila among 36 ‘pioneer cities’ in global initiative for digital innovation

A Filipino city will join 35 other cities around the world as the sole representative of Southeast Asia in a global initiative for digital...

Cybersecurity is top business worry in ‘age of risk’  — Marsh & McLennan CEO

Cybersecurity has emerged as the most pressing exposure for business confronting a new “age of risk,” topping the coronavirus pandemic and climate change, in...

Adulting lessons for millennials and Gen Z

As shared by Gilas team captain Kiefer Ravena The current pandemic, with its widespread disruption of the normal run of life, must have made us...

Shopee taps MultiSys as technology partner for system integrations, more online services

Ahead of its much-awaited 11.11 sale, Shopee recently sealed a partnership with leading software solutions and system integration company Multisys Technologies Corporation to expand...

Typhoons to further dent 2020 GDP

DAMAGE CAUSED by the recent string of typhoons and massive floods is estimated to shave 0.15 percentage point off the already grim gross domestic product (GDP) outlook for the year, preliminary estimates by the National Economic and Development Authority (NEDA) showed.

Dismal fourth-quarter farm output expected

THE RECENT SPATE of strong typhoons that devastated many rice and corn fields in northern Luzon will likely dampen the country’s agriculture output in the fourth quarter, experts said.

Agencies told to hasten spending

CASH UTILIZATION by government agencies remained weak in the 10 months to October, prompting the economic team to direct agencies to ramp up spending in the remaining weeks of 2020.