Home 2021 January 12

Daily Archives: January 12, 2021 | 9:00 pm

PSEi ends three-day climb as mart turns cautious

PHILIPPINE SHARES closed in negative territory on Tuesday, ending its three-day rally, as investors opted to pocket gains following a global debt watcher’s comments on the country’s growth prospects.

Peso climbs on Fitch move

THE PESO strengthened against the greenback on Tuesday, fueled by positive market sentiment on the affirmation of the country’s credit rating as well as progress on some vaccine deals.

Researchers predict another surge in COVID-19 infections

THE PHILIPPINES is likely to experience a fresh surge in coronavirus infections in the coming weeks after people violated social distancing rules during the holidays, according to researchers from the University of the Philippines (UP).

Senator says gov’t likely to miss target for vaccine orders

THE GOVERNMENT would probably miss its target of ordering 148 million doses of coronavirus vaccines by the year-end, according to a senator.

Nationwide round-up (01/12/21)

THE National Bureau of Investigation (NBI) on Monday filed new criminal and administrative complaints against officials of the Philippine Health Insurance Corp. (PhilHealth) over alleged irregularities in a financial assistance program for health care institutions hammered by “fortuitous” events like the coronavirus pandemic. 

Regional Updates (01/12/21)

JUSTICE Secretary Menardo I. Guevarra cited the coronavirus-related lockdown in Sulu for the delayed issuance of arrest warrants against the nine police officers charged for the killing of four soldiers in the province’s capital Jolo on June 29 last year.

Transport dep’t invites bidders for Cebu port works to prequalify

THE Transportation department said it started inviting potential bidders for the civil works contract of the P10-billion New Cebu International Container Port project to join the prequalification process.

BoI sees cold chain industry revenue at P20 billion by 2023

THE cold chain industry is expected to become a P20 billion industry by 2023, led by its core market of food but with new impetus provided by vaccine distribution, the Board of Investments (BoI) said.
Department of Budget and Management (DBM)

Modules, COVID added to eligible LGU projects

THE Department of Budget and Management said a P13.585-billion support fund for local government units (LGUs) may now also be tapped for priority use in online education and pandemic-related programs.

Duterte orders mining freeze in Tumbagaan, Tawi-Tawi

PRESIDENT Rodrigo R. Duterte has ordered the suspension of all mining on an island in Tawi-Tawi, within the Bangsamoro Autonomous Region in Muslim Mindanao, a cabinet official said Tuesday.

Bangsamoro infrastructure projects to be implemented soon — DPWH

THE Department of Public Works and Highways (DPWH) said Tuesday it hopes to soon implement an infrastructure program consisting largely of roads and bridges for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).
pig farm

DA taps partners for rebuilding hog population

THE Department of Agriculture (DA) said it has signed up partners to assist in rebuilding the hog population and implementing local-level surveillance of African Swine Fever (ASF) outbreaks.

MinDA calls for more infrastructure to support BIMP-EAGA trade

MINDANAO needs transport and telecommunications infrastructure to enable trade with countries participating in the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) partnership, a development official for the region said. 

The requisite to recovery

Turning over to a new year always gives Filipinos new hope. Last year, with its economic turmoil, health risks, and social uproar, was challenging, to say the least. Many have taken to calling 2020 a “lost year.” An apt description given the lives, businesses, opportunities, and the suffering over the course of the pandemic. With news of a new strain of the COVID-19 virus and continued economic and political consequences, the crisis is far from over.

The importance of reinforcing honor codes to combat distance misconduct

AT THIS TIME when distance learning has become the norm, academic integrity is a matter of great concern. With less student supervision in virtual classrooms, cases of academic misconduct are becoming more common.

Corporate meetings made more convenient through remote communication or in absentia

As we begin a new year, most corporations would have to go through the usual process of electing their directors or trustees and officers. Previously, meetings were mostly in-person, but such proved to be difficult, if not unsafe, given the pandemic and the prohibition of large in-person gatherings that came with it.

Raising stock in the ‘bubble’

THE tournament “bubble” that the Philippine Basketball Association (PBA) staged last year proved to be a successful and memorable one. And for some players, it was a great opportunity to raise their stock in the league.

Malaysia declares state of emergency to curb virus

KUALA LUMPUR — Malaysia’s king declared a nationwide state of emergency on Tuesday to curb the spread of coronavirus disease 2019 (COVID-19), a move that bolsters Prime Minister Muhyiddin Yassin’s precarious hold on power, and forestalls any attempt by opponents to force an early election.

Bucks ease past Magic

GIANNIS Antetokounmpo scored 13 of his 22 points in the second half to lift the Bucks to a 121-99 victory over the host Orlando Magic on Monday, Milwaukee’s fifth win in six games.

Trump and Pence signal president won’t resign or be removed

VICE PRESIDENT Mike Pence signaled he’ll spurn demands to immediately oust Donald Trump over a deadly riot by the president’s supporters as the two met and agreed to work together for the remainder of the term, according to a senior administration official.

Fernandez named country’s chef de mission to 2021 SEA Games

Add chef de mission for the Southeast Asian Games to the long list of achievements of Philippine Basketball Association (PBA) legend Ramon Fernandez.

POC to supervise Philippine volleyball elections

The Philippine Olympic Committee (POC) — upon request from the International Volleyball Federation (FIVB) —will supervise elections for the national sports association for volleyball later this month.

China plans further crackdown in HK after mass arrests

HONG KONG — The arrest of more than 50 democrats in Hong Kong (HK) last week intensifies a drive by Beijing to stifle any return of a populist challenge to Chinese rule and more measures are likely, according to two individuals with direct knowledge of China’s plans.

Mineski reports esports progress despite tough 2020

WITH strict safety protocols up for much of 2020 to guard against the spread of the coronavirus, the sporting scene was rendered limited in what it could do. Resilient and flourished, however, were electronic sports, or esports.

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Fate of the rescheduled Euro 2020 soccer tournament hangs on vaccine efforts

MANCHESTER, England — The fate of the rescheduled Euro 2020 soccer tournament will not be decided until March, but organizers of the Union of European Football Associations (UEFA) are hoping that vaccination efforts will allow them to stick to their original plan for June’s pan-European tournament.

The COVID-19 pandemic may change spectator sports forever as stadiums sit empty

IN recent years, some sports facilities have been called “white elephants.” The term dates back to ancient Asia when a king would gift a white elephant to a subordinate he was dissatisfied with because the associated costs of keeping a white elephant significantly outweigh its value.

Eagles at crossroads

Depending on perspective, Doug Pederson’s firing by the Eagles was either shocking or but a logical offshoot of a lost season. Around this time three years ago, he stood on top of the National Football League; he was hailed as a progressive head coach who bested the vaunted Patriots, featuring all-time-great bench tactician Bill Belichick, in the Super Bowl. Now, he’s a declared has-been who supposedly performed so badly as to tarnish the franchise’s singular accomplishment. To his critics, he didn’t simply run his charges down to the ground in the league’s worst division; he did so in a manner that embarrassed all and sundry.

Missing chips snarl car production at factories worldwide

More than a year after its outbreak, the coronavirus keeps finding new ways to hit carmakers.

COVID-19 fueling education’s tech disruption, deepening digital divide

TORONTO/NEW YORK — The coronavirus disease 2019 (COVID-19) pandemic deepened inequities in accessing and benefiting from education but the future of learning could be a more equal one, participants told Reuters Next panels on Monday.

Generation COVID: How the young are working around pandemic-hit job market

Adesola Akerele had just landed an internship at a television production company in London when the coronavirus hit and her dream job was gone.

Villar lauds enactment of Organic Agriculture Act

Senator Cynthia Villar expressed gratitude to President Rodrigo Duterte who signed into law Republic Act (RA) 11511 last December 23, a measure that seeks...

ABS-CBN Corporation announces schedule of stockholders’ meeting

NOTICE OF SPECIAL STOCKHOLDERS’ MEETING To:          All Stockholders of ABS-CBN Corporation Please take notice that a Special Meeting of the Stockholders of ABS-CBN Corporation will...

Signal sees meteoric rise in daily installs as people look for WhatsApp alternatives

The number of new users installing messaging app Signal every day is on track to cross 1 million, putting it closer to levels seen...

Starting shots in poor nations by February hinges on vaccine suppliers — WHO

GENEVA — The World Health Organization (WHO) on Monday redoubled pleas for vaccine makers to provide coronavirus disease 2019 (COVID-19) shots to its COVAX...

Philippines keeps investment grade rating but Fitch warns vs vaccine rollout delay

FITCH RATINGS affirmed the Philippines’ long-term foreign currency issuer default rating at “BBB” with a stable outlook, on the back of modest government debt levels and still-strong growth prospects amid the coronavirus crisis.

SEIPI asks lawmakers to reconsider FIRB cap

AN ELECTRONICS exporters industry group is asking lawmakers to reconsider the potential cap on investments reviewed by investment promotions agencies (IPA).

Gov’t says 2 Chinese bidders meet Mindanao railway consultancy terms

THE Transportation department said two of the three short-listed Chinese consultants for the consultancy contract for the Tagum-Davao-Digos segment of the Mindanao Railway Project are compliant with its terms of reference.

KKR raises $3.9 billion for infra investments in Asia Pacific

US investment firm KKR & Co. on Monday said it raised nearly $4 billion for infrastructure-related investments in Asia-Pacific, including renewable energy and telco towers in the Philippines.

Megawide to invest P5.5 billion in Cebu’s Carbon market

MEGAWIDE Construction Corp. has entered into a joint venture agreement with Cebu City for the redevelopment of the Cebu Carbon Market.

Petron to invest around P3 billion to boost Bataan refinery operations

PETRON CORP. is infusing close to P3 billion to improve its refinery operations in Bataan, after securing approval from the Authority of the Freeport Area of Bataan (AFAB) to register in the province’s freeport area, the firm told the local bourse on Monday.

Start the year right with iWant horror anthology, Horrorscope

LOCAL streaming service iWantTFC starts the year with its first original offering, horror anthology Horrorscope about how one’s astrological sign can bring misfortune and terror, which begins streaming worldwide on January 13.

AirAsia launches piso sale as domestic tourism starts to show signs

LOW-COST carrier Philippines AirAsia, Inc. announced on Monday its “piso sale” offering, as it started seeing signs of recovery in domestic tourism.

Daryl Ong becomes his own artist at Viva Records

SINGER Daryl Ong, known for his covering songs such as Willie Revillame’s novelty song “Ikaw Na Nga,” has signed as an artist for Filipino music label Viva Records, putting him in the same company as singers Sarah Geronimo and Katrina Velarde.

Mastercard, Pine Labs tie-up to bring ‘pay-later’ scheme 

MASTERCARD, Inc. partnered with Indian firm Pine Labs for a new installment payment scheme in the Philippines.

Online sex parties proliferate in lockdown

IT SEEMS the once taboo subject of group sex is finally entering the mainstream--one of the reasons for this is the prevalence of organized sex party networks like Kinky Salon, Klub Verboten, Crossbreed, Le Boudoir and Killing Kittens.