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Daily Archives: November 20, 2020 | 7:20 pm

50% of Filipinos must be vaccinated to achieve herd immunity vs COVID-19

AT least half of the population needs to be vaccinated for the country to achieve herd immunity against the coronavirus disease 2019 (COVID-19), a...

DICT seeks P2B emergency fund to fix digital infra damaged by typhoons

THE Department of Information and Communications Technology (DICT) has requested for an emergency fund of at least P2 billion to restore the country's digital...

Gov’t drops required isolation area within aircraft for domestic flights

AIRLINES will no longer be required to have an isolation area inside aircraft for domestic flights, the government's task force against coronavirus said on...

National task force sends COVID team to Davao City as cases rise

THE national task force on the coronavirus disease 2019 (COVID-19) response is sending a team to help manage the rising number of cases in...
European Union (EU)

EU gives P60M aid for Typhoon Ulysses relief operations

THE European Union (EU) is giving around P60 million in emergency relief aid to families affected by Typhoon Ulysses. The funding will go to its...

Akbayan denounces SC for ‘hands-off’ approach in Manila Bay’s artificial white sand project

THE Supreme Court took a "hands-off approach" when it denied Akbayan's motion to reprimand the Environment department for its controversial "white sand" project along...

Oral arguments on petitions vs anti-terror law set January

THE Supreme Court has set January 19 as the start for the oral arguments on several petitions filed against the Anti-Terrorism Act of 2020. According...

Outsourcing industry slashes revenue goals amid pandemic

By Jenina P. Ibañez, Reporter The outsourcing industry once again cut its revenue and employment targets up to 2022, as growth is expected...

PEZA approves new projects worth P14.6 billion

By Jenina P. Ibañez, Reporter The Philippine Economic Zone Authority (PEZA) approved P14.6 billion worth of new investment projects on its Nov. 4 board...
1000 peso bills

Suspicious transactions continue to rise

Suspicious transaction reports (STRs) edged up in the first eight months of the year fueled by the rise of phishing schemes and increased payments...

Stockholders approve Cebu Air’s stock rights offering

Cebu Air, Inc. has obtained approval from stockholders for its plan to issue convertible preferred shares and bonds, as the operator of Cebu Pacific...

Mega Global invests P1B in Batangas facility

Sardines manufacturer Mega Global Corp. is investing in a P1 billion manufacturing plant in Batangas to meet a spike in demand for canned goods. The...

Smart to build 2,000 cell sites next year

Smart Communications, Inc., the wireless subsidiary of PLDT, Inc., said it targets to put up 2,000 new cell sites next year to support its...

Philippines property may be key to equity market recovery

Real estate stocks in the Philippines are among the top winners of the global value rotation and look poised to become a key part...

SMC to add more RFID installation sites

San Miguel Corp. (SMC) is adding more installation sites for the radio-frequency identification (RFID) stickers used at its toll roads, as it anticipates a...

SEC approves AC Energy’s name change

The Securities and Exchange Commission (SEC) has given the go-signal for AC Energy, Inc. to change its name to AC Energy and Infrastructure Corporation...

LRT-1 operator partners with Bayad Center

Light Rail Manila Corp. (LRMC) is teaming up with Bayad Center to accommodate bills payment transactions in one of the stations of Light Rail...

Uniqlo donates $1M for PHL typhoon relief efforts

Japanese global apparel retailer Uniqlo on Friday said it is donating $1 million (around P48 million) for efforts to help families affected by Typhoon...

PSEi surges to 7,100 level after surprise BSP rate cut

STOCKS ended higher on Friday after the central bank cut benchmark rates to new record lows, drawing positive reactions from investors. The benchmark Philippine...

Human beings live longer, can healthcare systems keep up?

Human beings live for an average of 72 years. In 1960, the year the United Nations began keeping global data, this number was 52.5...

Resumption of West PHL Sea exploration to help economic revival

THE LIFTING of the suspension of exploration activities in the West Philippine Sea will help in the country's economic recovery, the Energy secretary said...

BoI approves P45-M hotel project in Cebu

THE BOARD of Investments (BoI) has approved a P45-million hotel investment project in Cebu City. The 63-room SureStay Plus Hotel is expected to create 32...

Gov’t rejects tax credits for erring textile firms

THE GOVERNMENT took back P153.13 million in tax credits granted to textile firms due to their engagements in illegal transactions, the Department of Finance...

BSP sells P60 billion in 28-day bills

THE BANGKO SENTRAL ng Pilipinas (BSP) made a full award of the 28-day securities it offered on Friday amid excess liquidity in the financial...
Peso bills

Peso climbs after BSP rate cut

THE PESO strengthened versus the dollar on Friday following the central bank’s decision to cut benchmark interest rates to fresh record lows. The local unit...

Bills modernizing PHL banking sector pushed

A LAWMAKER on Friday pushed for the passage of several measures aimed to modernize the country’s banking sector. During a virtual hearing of the House...

Etiqa Philippines provides E-ZY pneumonia plan to PNP

In conjunction with World Pneumonia Day which was held on 12 November 2020, Etiqa Philippines, in its constant pursuit to Make The World A...

China says has given $2.1 bln of debt relief to poor countries

BEIJING — China has extended debt relief to developing countries worth a combined $2.1 billion under the G20 framework, the highest among the group’s...

Link clicks instead of ‘likes’: brands should value passive engagement, explore lighter side

Passive engagement on social media is just as important as active engagement when it comes to quantifying success, according to Hootsuite, a social media...

Bayanihan para sa bayani

Mornings are the toughest. He still wakes up at 4 a.m., as he usually does, to prepare the kids for school. And he half-expects to...

BSP cuts policy rate to record low

THE Bangko Sentral ng Pilipinas (BSP) unexpectedly cut benchmark rates to new record lows on Thursday, the fifth reduction this year, citing the continued uncertainty caused by a fresh surge in coronavirus cases globally and the impact of recent typhoons on the struggling economy.

Less than two-thirds of Bayanihan II funds released so far — DBM

THE BUDGET department has released less than two-thirds of the P140-billion stimulus package under Republic Act No. 11494 or the Bayanihan to Recover as One Act (Bayanihan II), a month before the law expires.

Makati seen to lag in recovery of rent, residential prices

RENTS and residential prices in the Philippines are expected to start recovering by 2021, except in Makati City which may continue to see a decline for a longer period, a recent survey of real estate agents found.

Foreign buyers to contribute the most to the Philippine property sector’s future transactions growth...

RENTS and residential prices in the Philippines are expected to start recovering by 2021, except in Makati City which may continue to see a decline for a longer period, a recent survey of real estate agents found.

Power distributor eyes P604-M public offering

POWER DISTRIBUTOR Tarlac Electric, Inc. (TEI) aims to raise P603.75 million in a public offering, in order to comply with requirements under its legislative franchise.

Ayala energy arm embarks on $2-B transformation

AYALA-LED AC Energy Philippines, Inc. will need up to $2 billion to exceed its 2025 target 5-gigawatt of installed energy capacity, which will also see the completion of its corporate transformation and restructuring, its top official said on Thursday.

Housing developer Ovialand sells equity to businessman JJ Atencio

JANUARIUS Holdings, Inc., the holding company of businessman Januario Jesus Gregorio B. Atencio III, has taken a 13% stake in housing developer Ovialand, Inc. which seeks to expand its business nationwide over the next 10 years.


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Alibaba Cloud targets 5,000 local firms on digital transformation

CHINESE cloud computing company Alibaba Cloud, a subsidiary of Alibaba Group, said Thursday that it is targeting to support 5,000 Philippine enterprises on their digital transformation journey.

Drive-in movie launch as Japanese film fest moves online

THE POPULAR Japanese Film Festival (formerly known as Eiga Sai) has shifted to online for this year’s edition, though the opening film will follow in the steps of Cine Europa and be shown at the new SM Cinema by the Bay drive-in theater at the Mall of Asia in Pasay City on Nov. 20 and 22.

Swedish retailer Ikea opens 500 Philippine jobs

SWEDISH furnishing retailer Ikea plans to hire nearly 500 employees for its first Philippine store in Pasay City, which it said will be the largest Ikea branch in the world.

Quarantine hiatus leads to more personal music for boy band

WHEN American boy band Why Don’t We announced that it was going on a writing hiatus in January, it was meant to be a short hiatus so the members could focus on creating their new album. Then the pandemic hit and the short hiatus turned into nine months, but the good thing about this hiatus, according to a band member, was that they were able to really grow into their art.

Banks resilient, have enough buffers vs shocks, says Diokno

BANKS CONTINUE to be armed by strong buffers as defense versus the impact of the coronavirus pandemic on their asset quality, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.

‘Balik Scientist’ program attracts 28 returnees

THE Department of Science and Technology’s “Balik Scientist” program was supporting 28 returning researchers beneficiaries as of November, according to data made available to BusinessWorld.

ABS-CBN starts subscription-based streaming service for global viewers

ABS-CBN CORP. launched on Thursday a subscription-based streaming service for its global viewers.

Wonder Woman 1984 to hit theaters and HBO Max on Christmas

LOS ANGELES — Superhero movie Wonder Woman 1984 will debut simultaneously in US theaters and on AT&T Inc.’s HBO Max streaming service starting on Christmas Day, an unusual release plan prompted by the coronavirus pandemic.