PHL, World Bank sign $500-M loan agreement

THE government on Wednesday signed a $500-million loan agreement with the World Bank, the proceeds of which will fund the coronavirus containment efforts and aid small-business workers and the vulnerable population.

20-year extension sought for power subsidy for poor

A MEASURE extending for 20 years the lifeline rate subsidy granted to low-income households has been filed in the Senate.

Insensitive

By Luis V. Teodoro
Many described it as “insensitive,” which is just another word for callous, inconsiderate, indifferent, uncaring, thoughtless, and even heartless.

Political economy and public policy

By Diwa C. Guinigundo
The Economist described the current US riots, violence, and looting as a “fury of polarization.” It is inauspicious that these lawless outbreaks are happening at the same time as the deadly COVID-19 pandemic.

A new attitude

By Maria Victoria Rufino
The period of prolonged isolation has been a time for reflection, grace, and transformation. A counselor explained that one’s attitude and lifestyle would change. We cannot go back to the old normal.

NBA set to approve plan for 22-team return — reports

THE National Basketball Association’s (NBA) Board of Governors on Thursday was expected to approve the league’s plan for a 22-team return in Orlando, ESPN reported.

PBA crafts protocols as it looks to squeeze in some activities

FOR THE FIRST TIME in a long while the Philippine Basketball Association Board of Governors met face to face to discuss safety protocols to be implemented as it prepares for a possible resumption of some league activities amid the coronavirus disease 2019 (COVID-19) pandemic.

Eduard Folayang speaks up against cyber-bullying

MOVED by what happened to a popular pro wrestler who allegedly died of suicide after being a victim of attacks online, ONE Championship star Eduard “Landslide” Folayang joined the many voices in condemning any form of cyber-bullying.

Corporate tax cut by July unlikely

AN IMMEDIATE REDUCTION of the corporate income tax rate to 25% by July is unlikely, as the Senate prioritized other measures over the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) bill on Wednesday.

House approves measure allowing transfer of bad loans to asset companies

THE House of Representatives on Tuesday evening approved on final reading a bill that provides for the transfer of banks’ bad loans to asset management companies (AMCs), a move seen to bolster the country’s lenders.

Mindanao recovery must look beyond agricultural strength

TWO weeks into the more relaxed lockdown policy in the entire Mindanao, entrepreneurs of non-basic goods that have been allowed to resume operations have yet to see signs of business recovery.

AC Energy group puts up A$777-million bid for Australian renewable company

A COMPANY controlled by AC Energy, Inc. has offered A$777 million to take over an Australia-listed renewable energy firm in a deal that could further boost the Ayala group’s clean energy capacity.