Home 2020 November 22

Daily Archives: November 22, 2020 | 11:02 pm

Peso may climb vs the dollar on BSP easing, vaccine news

THE PESO may strengthen against the dollar this week after the central bank cut borrowing costs anew and on continued progress in trials for coronavirus disease 2019 (COVID-19) vaccine candidates.

PHL shares likely to correct after last week’s rally

PHILIPPINE SHARES are expected to see tempered gains this week after extended optimism in the past few days on the back of news on several coronavirus disease 2019 (COVID-19) vaccine candidates.

Phoenix races to 2-1 series lead after key Game Three win

THE Phoenix Super LPG Fuel Masters moved a step closer to reaching the finals of the PBA Philippine Cup after booking a key 92-89 victory over the TNT Tropang Giga in Game Three of their best-of-five semifinal series on Sunday at the Angeles University Foundation Sports Arena in Pampanga.

Latvian team Riga tops FIBA 3×3 World Tour Masters in Doha; Manila Chooks TM...

THE International Basketball Federation (FIBA) 3x3 World Doha Masters concluded on Saturday with Latvian team Riga fashioning out an impressive comeback to rule the tournament.

Pacquiao is now Mobile Legends: Bang Bang PH ambassador

THE WORLDS of boxing and esports connected recently with Manny “Pacman” Pacquiao agreeing to be the Philippine ambassador for the popular multiplayer online battle arena (MOBA) game Mobile Legends: Bang Bang (MLBB).

PSC moves to assist athletes hit by Typhoon Ulysses

The Philippine Sports Commission will come to the aid of athletes affected by Typhoon Ulysses.

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Djokovic, Nadal fall as Thiem, Medvedev advance to finals

LONDON — Rafa Nadal’s dream of a first ATP Finals title and Novak Djokovic’s quest for a record-equalling sixth vanished in defeats by Daniil Medvedev and Dominic Thiem in two seismic semi-finals on Saturday.

Busy Lakers

Free agency in the National Basketball Association has turned competition into a year-round affair.

COVID-19 tally nears 420,000; 8,123 dead

THE DEPARTMENT of Health reported 1,968 coronavirus infections on Sunday, bringing the country’s total to 418,818.

Filipino scientist cites rising diseases due to warmer temperature

CONCRETE action is needed now to address the climate crisis so that nations across the world, particularly in southeast Asia, can prevent the emergence of diseases, a Filipino doctor said on Friday.
Securities and Exchange Commission (SEC) logo

SEC warns against text scams using Duterte’s name

THE SECURITIES and Exchange Commission (SEC) is warning the public against text scams that use the name of President Rodrigo R. Duterte relating to a charity raffle where the message recipients is supposed to have won thousands in pesos.

Nationwide round-up (11/22/20)

A RESOLUTION calling for an inquiry into the safety of relocation sites and structural integrity of housing units in areas vulnerable to natural hazards has been filed at the House of Representatives.

Regional Updates (11/22/20)

FOUR members of the Abu Sayyaf, a kidnap-for-ranson group that has pledged ties with the extremist Islamic State, surrendered on Saturday in Sulu after another one turned himself in to the military in Tawi-Tawi on Friday.

Biden ‘outsourcing tax’ promise clouds outlook for BPO industry

A PROTECTIONIST stance by a Biden administration could come in the form of a tax on outsourced operations, which may dampen the prospects of the business process outsourcing (BPO) industry, the head of an industry advisory firm said.

BPO sector remains ‘robust’ during quarantine

THE business process outsourcing (BPO) industry is getting by during the lockdown with “robust” growth, if continued hiring activity is any indication, according to tech hiring company Kalibrr.

Plastic industry under pressure from import competition

THE plastics industry is under pressure from import competition at a time of global surpluses for the segment, as well as reduced activity during the lockdown, the industry association said.

ADB study points to favorable outcomes for tricycle drivers borrowing from fintech firms

TRICYCLE DRIVERS that availed of loans from financial technology (fintech) companies en route to owning their vehicles improved their earnings considerably despite working fewer hours compared to those that did not take out loans, according to a survey by the Asian Development Bank (ADB).

Legislator seeks immediate release of Bayanihan II funds for MSMEs

A LEGISLATOR urged the Department of Trade and Industry (DTI) to expedite the release of stimulus funds intended to help small firms stay afloat.

Smokestacks in a storm

The appalling human and economic toll of the recent typhoons has led to ritual finger-pointing and recrimination among government agencies. A prominent example is the argument over the role played by the release of dam water, particularly from Magat Dam, in exacerbating the floods experienced in Cagayan and Isabela. The provincial government of Cagayan has now threatened to sue the National Irrigation Administration (NIA), which operates Magat Dam, for the damage the flooding has caused.

Housing as stimulus

“Build, Build, Build” has been the mantra of the Rodrigo Duterte administration, which undoubtedly was instrumental in the high economic growth before the pandemic. “Build, Build, Build” is associated with infrastructure. But “Build, Build, Build” should likewise have been an exhortation to build, build, build homes for the masses, the working classes.

Government’s digital migration

I recently met Andrés Ortola, the general manager of Microsoft Philippines. Over lunch, we spoke about how he is adjusting to life in the country and his plans for Microsoft. The Philippines is an important market for the software giant given the size of our population and the country’s rapid pace of economic development. Although Microsoft Philippines has an annual turnover that is slightly lower than its Indonesian and Malaysian counterparts, the prospects for growth are higher here given the wave of digital migrations that is underway in government.

A poverty beyond Poverty

“How are you doing, my friend? I was worried about you there in Naga, in this terrible Typhoon Rolly — hope you are OK?”

G20 seeks to help poorest nations in post-COVID world

BEIJING/DUBAI/WASHINGTON — Leaders of the 20 biggest economies on Saturday vowed to ensure a fair distribution of coronavirus disease 2019 (COVID-19) vaccines, drugs and tests around the world and do what was needed to support poorer countries struggling to recover from the coronavirus pandemic.

Moderna to charge gov’ts $25-$37 for COVID-19 vaccine — chief executive

FRANKFURT — Moderna will charge governments between $25 and $37 per dose of its coronavirus disease 2019 (COVID-19) vaccine candidate, depending on the amount ordered, Chief Executive Stephane Bancel told German weekly Welt am Sonntag (WamS).

Trump’s bid to overturn election stumbles as judge tosses Pennsylvania lawsuit

WASHINGTON — President Donald Trump’s desperate bid to overturn the US election was dealt a new setback on Saturday when a federal judge threw out his campaign’s attempt to invalidate millions of votes in Pennsylvania.

Fed faces ill political winds as Biden prepares for White House

THE US CONGRESS’ rapid response to the coronavirus pandemic in March was meant to unleash a $4 trillion fire hose of credit for a stricken economy, distributed broadly by the Federal Reserve to help firms and markets survive a once-in-a-century collapse.

Coca-cola beverages delivery within a click’s reach

Coca-Cola Philippines has extensively scaled up its e-commerce presence to better respond to consumers whose needs and shopping behavior have altered due to the...