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Daily Archives: January 3, 2021 | 10:05 pm

Peso to weaken this year as trade recovers

THE PESO could weaken against the greenback in 2021 to push it back to the P50-per-dollar level as global trade gradually recovers amid easing restriction measures.

Shares likely to climb on vaccine developments

STOCKS are expected to climb during the first trading week of 2021 as investor sentiment is seen to improve on the developments on coronavirus disease 2019 (COVID-19) vaccines over the holiday break.

Duterte risks losing focus as elections near

PHILIPPINE President Rodrigo R. Duterte risks losing focus on the country’s battle against the coronavirus as preparations for next year’s presidential elections get under way, analysts said.

Fewer people getting tested for COVID-19 slows infection rate

THE DEPARTMENT of Health (DoH) reported 891 coronavirus infections on Sunday, bringing the total to 477,807.

Gov’t looks at wider net for fake products

THE GOVERNMENT may expand the raids of areas selling counterfeit goods, including two commercial centers in San Juan and Manila that authorities failed to monitor amid a coronavirus pandemic.

Nationwide round-up (01/03/21)

PRESIDENT Rodrigo R. Duterte publicly named lawmakers allegedly involved in corruption because the planned legislative investigation on the matter was stopped under the current House leadership, former House speaker Alan Peter S. Cayetano said on Friday.

Regional Updates (01/03/21)

THE PASIG City government launched another Business One Stop Shop (BOSS) on Sunday, located at the Ayala the 30th Mall, in time for this month’s peak period for business permit renewals.
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Sin tax collection target set at P297.8 billion in 2021, DoF says

THE GOVERNMENT has set a target of P297.8 billion for excise taxes collected on so-called “sin” products this year, driven by higher tax rates, which will offset the expected slump in volumes due to the economic hardship caused by the pandemic, the Department of Finance said.

DoE studying RE, hydrogen, nuclear as alternatives to conventional fuels

ENERGY DEPARTMENT Spokesman Felix William B. Fuentebella said the agency is looking into adding more renewable energy (RE), nuclear, and hydrogen-based power in preparation for any possible supply crunch in conventional fuels.

DTI says success of pitch to investors hinges on CREATE passage

THE Trade department said the passage of a key tax reform bill, known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE), forms a major part of its investment promotion message.

Philippines to receive assistance from India in setting up National ID, broadband systems

INDIA has pledged aid to the Philippines as it sets up its national ID system, and also promised assistance in organizing a broadband network to fast-track its digital transformation, the Department of Finance (DoF) said.

Biomass industry lobbying for more FiT-subsidized capacity

THE biomass industry is seeking a larger allocation of renewable-energy capacity eligible for subsidized feed-in tariff (FiT) rates, to broaden participation in the biomass and hydro power segments, a developer said.


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Leading Now, Next and Beyond COVID-19

The lessons we learned in 2020 were undoubtedly challenging, demanding and somewhat painful. The pandemic was indiscriminate, affecting people, businesses and governments the world over. It taught us to address accelerated change and uncertainty with forethought and equanimity. It compelled us to embrace technology with necessary urgency. And it made us rethink, reframe and reimagine the future in a post-pandemic world. As we begin the New Year, we Now have the opportunity to reflect upon the one that just passed, look to the Next year armed with the lessons the pandemic imparted, and plan for recovery Beyond.

Vaccine ethics

Even with the hopeful news of successive vaccines being approved for use in various countries, a major issue confronting many societies is who should get vaccinated first. The problem exists since it will be months — and in poorer countries, perhaps years — before the supply of vaccines is actually enough to meet demand.

Pinoy vaccination

An otherwise comedic story if not for its disastrous effect could have well happened in the Philippines.

2020: Fintech’s most challenging year

2020 was the most difficult year in our lifetime yet. Amidst the maelstrom of this health crisis, a new global order emerged.

Understanding the new COVID-19 strain

Paranoia is sweeping the land again as a new strain of the coronavirus has emerged.

India approves AstraZeneca, local COVID vaccines

NEW DELHI — India’s drugs regulator on Sunday gave final approval for the emergency-use of two coronavirus vaccines, one developed by AstraZeneca and Oxford University and the other by local company Bharat Biotech and a state-run institute.

Britain will allow mixing of vaccines on rare occasions

LONDON — Britain will allow people to be given shots of different coronavirus disease 2019 (COVID-19) vaccines on rare occasions, despite a lack of evidence about the extent of immunity offered by mixing doses.

Russia inoculates over 800,000 people against coronavirus

MOSCOW — More than 800,000 people in Russia have been inoculated so far against the new coronavirus and more than 1.5 million vaccine doses have been dispatched, Health Minister Mikhail Murashko said on Saturday.

PBA still assessing direction to take for Season 46 — Marcial

RECOGNIZING that it still has to deal with the coronavirus pandemic in 2021, the Philippine Basketball Association (PBA) is not rushing and is carefully assessing the direction to take for its Season 46.

NY Knicks squeak out a win over Indiana Pacers, 106-102

AUSTIN Rivers hit a 3-pointer that gave the New York Knicks the lead for good late in the fourth quarter Saturday night and added the clinching layup with 35.3 seconds remaining as the Knicks surprised the host Indiana Pacers, 106-102.

PSC seeking to build on gains and finish strong

WHILE admitting that its run under the current administration is anything but perfect, the Philippine Sports Commission (PSC) is nonetheless happy over what it has achieved and looking to build on the gains it has had and finish strong.

Real Madrid see off Celta Vigo, 2-0, to return to La Liga summit

MADRID — Real Madrid beat an in-form Celta Vigo 2-0 at home on Saturday thanks to a goal and assist apiece from Spanish pair Lucas Vázquez and Marco Asensio, putting the side above city rivals Atlético Madrid at the top of La Liga.

Uncertainty

The end of 2020 saw Major League Baseball licking its wounds and pondering how it should navigate a new year filled with just as much uncertainty. Considering the potential for continued losses, franchises are determined to cut back on expenses. And, naturally, payroll becomes the first casualty; for the first time in a long while, the offseason, traditionally host to a flurry of activity in which talent is sought by all and sundry, figures to be one of reflection and not action. Except, that is, for the Padres, who see a break while others recoil with caution.