Home 2021 January 10

Daily Archives: January 10, 2021 | 8:05 pm

Peso to climb versus dollar on stimulus hopes

THE PESO is expected to bounce back versus the dollar this week as the market anticipates the leadership change in the United States and on developments regarding coronavirus vaccines.

PHL shares to climb on change in US leadership

STOCKS are expected to climb this trading week with market sentiment getting a boost from the upcoming change of leadership in the United States (US).

Senator asks: What’s the plan for new coronavirus strain?

A SENATOR on Sunday urged the Health department to draft a contingency plan for a potential surge in coronavirus infections once a new strain enters the Philippines.

Finance department boosting drive versus corruption, says chief

THE DEPARTMENT of Finance (DoF) is bolstering its anti-corruption drive within the agency through lifestyle checks and computerization, according to Finance Secretary Carlos G. Dominguez.

Gov’t urged to ease process for online business registration

A LAWMAKER on Sunday urged the government to ease online small business registration by removing fees imposed by the Bureau of Internal Revenue (BIR).

Farmers’ group proposes using higher MDM tax for COVID-19 vaccines  

THE GOVERNMENT can tap revenues from the 40% tariff rate on mechanically deboned meat (MDM) imports to vaccinate the country’s agricultural workers against the coronavirus disease 2019 (COVID-19), a farmers’ group said.

Nationwide round-up (01/10/21)

A LABOR coalition called on religious leaders to step in for the revival of peace talks between the government and the communist movement, citing how the conflict affects worker freedom and union movement.

Regional Updates (01/10/21)

SEVERAL cities outside the capital Metro Manila have announced signing or preparing for an agreement with British pharmaceutical firm AstraZeneca Plc for the purchase of coronavirus disease 2019 (COVID-19) vaccines.

Only 2,000 MSME loans approved from Bayanihan II allocation

THE Department of Trade and Industry (DTI) said about 2,000 loan applications were approved for micro-, small-, and medium-sized enterprises (MSMEs) last year out of a P10-billion allocation under the Bayanihan to Recover as One Act (Bayanihan II), underperforming a target to process 15,000 applications before the end of 2020.

House CREATE bicam delegation seeking more tax incentives for rural investment

THE HOUSE contingent to the bicameral conference committee harmonizing the two chambers’ Corporate Recovery and Tax Incentives for Enterprises (CREATE) bills are pushing for expanded incentives to be awarded to investments made outside the capital region.

Supply chain diversification, technology seen key to manufacturing survival

MANUFACTURING FIRMS will need to diversify supply chains and leverage technology to survive and thrive during and after the pandemic, according to a supplier of industrial components and tools.

Electric cooperatives borrow P439.98M in 2020

TWENTY electric cooperatives (ECs) borrowed P439.98 million from the National Electrification Administration (NEA) in 2020, the bulk of which went to funding the distribution utilities’ capital expenditures and working capital needs, the NEA said Sunday.

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Creating long-term value with sustainability and climate-related disclosures

There has been a radical change in the investment market in recent years with investors measuring business performance with traditional financial factors, and the way companies manage risks related to environmental, social and governance (ESG) issues. Economies and businesses are now more cognizant of the importance of decarbonization strategies, value creation, and climate-related investments in achieving long-term sustainable growth.

Gilas starts buildup for Feb. window

THE Philippine national men’s basketball team has begun preparation for the third and final window of the qualifiers for the International Basketball Federation (FIBA) Asia Cup set for February.

Tom Brady leads Buccaneers to postseason win over Washington

TOM Brady threw for 381 yards and two touchdowns to propel the visiting Tampa Bay Buccaneers to a 31-23 victory over the Washington Football Team on Saturday in an NFC wild card game.

Sotto, Ignite to begin NBA G League campaign next month

IGNITE, the recently launched team for elite National Basketball Association (NBA) Draft-eligible players, begins its NBA G League campaign in February in a tournament “bubble” to be held at the ESPN Wide World of Sports Complex at Walt Disney World Resort near Orlando, Florida.

Chulani, co-founder of Ronda Pilipinas, passes away at 45

MOE Chulani, who co-founded Ronda Pilipinas with Dino Araneta, passed away yesterday due to cardiac arrest.

No fans for Lightning, Raptors due to COVID surge

THE Tampa Bay Lightning and Toronto Raptors will play without fans in their home arena until at least Feb. 5 because of a surge in coronavirus disease 2019 (COVID-19) cases in the Tampa, Florida area.

Depleted lineups

Head coach Doc Rivers was most certainly being disingenuous when he called attention to the National Basketball Association’s decision to push through with the Sixers’ homestand against the Nuggets yesterday. “I don’t think we should [play], but it’s not for me to express that,” he argued. He just did, of course, with his convenient sidestep enabling him to steer clear of possible sanction from the Commissioner’s Office for speaking his mind on a development that, for all his protestation, followed standing health and safety protocols.

Farm Consolidation: Saving the Filipino taxpayer P18 billion

The Philippines has secured a loan of $370 million intended to finance SPLIT (Support to Parcelization of Lands for Individual Titling), the Department of Agrarian Reform (DAR) program to subdivide Collective Certificate of Land Ownership Award (CLOA) into individual titles. The Collective CLOAS cover 1.36 million hectares of the 4.9m hectares awarded by the Comprehensive Agrarian Reform Program (CARP). It covers 750 thousand agrarian reform beneficiaries in 78 provinces.

Gilda Cordero Fernando: The Rabble-Rouser

This is how Wikipedia introduces the rabble-rouser: “Gilda Cordero-Fernando (June 4, 1930 - August 27, 2020) was a Filipino writer, visual artist, fashion designer and publisher.”

PHL included among emerging powerhouse economies

According to the UK-based Center for Economics and Business Research, five ASEAN economies are poised to become economic powerhouses within 15 years. You will be happy to know that the Philippines is included in this list despite the economic blow of the pandemic. Vietnam, Malaysia, Indonesia, and Thailand have also made it to the magic 30 of largest economies by 2035.

COVID-19 tames Competition

I have not worn lipstick for nine months now. I cannot. Lipstick will only smudge under a face mask. Lots of clothes, shoes, bags, and jewelry, fake and real, have been lying around unused. No occasion to show these off. What did I need all those for — before this protracted quarantine against the persistent COVID-19 pandemic?

Democrats to introduce articles of impeachment against Trump

WASHINGTON — Democratic-led efforts to impeach US President Donald Trump for a historic second time gained momentum over the weekend, although it looked far from certain whether enough Republicans would back the move with just days left in his term.

Indonesia finds body parts, debris, detects emergency signal of crashed airplane

JAKARTA — Indonesia detected signals on Sunday that could come from a flight recorder of a Sriwijaya Air jet that crashed into the sea after taking off from the capital Jakarta, as human body parts and suspected pieces of the plane were retrieved. The Boeing 737-500 with 62 passengers and crew was headed to Pontianak in West Kalimantan before it disappeared on Saturday from radar screens four minutes after takeoff.

Pope Francis to have COVID-19 vaccine, says it is the ethical choice for everyone

VATICAN CITY — Pope Francis said on Saturday he planned to be vaccinated against coronavirus disease 2019 (COVID-19) as early as next week and urged everyone to get a shot, to protect not only their own lives but those of others.

Historic snow storm kills 4 in Madrid

MADRID — A storm in Spain killed four people, paralyzed travel and blanketed the capital Madrid in so much snow on Saturday that skiers took to the main Gran Via thoroughfare.

Singapore to legislate on contact-trace data use for crimes

Singapore’s government plans to create urgent legislation to formalize the use of virus contact-tracing data in investigations of serious crimes.

Facebook and Twitter crackdown around Capitol siege is too little, too late

PALO ALTO/NEW YORK — By the time social media companies took action against users and groups spurring on the siege of Capitol Hill this week, culminating in the suspension of US President Donald J. Trump’s accounts, it was too little too late.

Apple, Amazon suspend Parler social network from App Store and web hosting service

Apple Inc. and Amazon.com Inc. have suspended Parler from their respective App Store and web hosting service, saying the social networking service popular with many right-leaning social media users has not taken adequate measures to prevent the spread of posts inciting violence.

Catholics show devotion to statue amid super-spreader worries

More than 400,000 Catholics in Manila celebrated on Saturday a feast for a centuries-old wooden statue of Jesus Christ, despite health experts warning it could turn into a super-spreader event for coronavirus.