Home Blog Page 2908

How many days does a Filipino need to work to buy the latest iPhone?

An average Filipino must work for 79.5 days — and spend all of his or her earnings — to buy the latest iPhone 15 Pro, according to the latest edition of the iPhone Index by research firm Picodi.com. This put the Philippines the second highest out of 47 countries in the index, behind Türkiye’s 123.7 days. The base model of the iPhone 15 Pro was priced at P70,990, almost fourfold the P18,744.39 average net monthly wage in the Philippines. Read the full story.

 

How many days does a Filipino need to work to buy the latest iPhone?

Philippine Azkals rally to beat Afghanistan in friendly match

JENS SEBASTIAN RASMUSSEN (13) came off the bench to produce a crafty strike at the 74th minute that offset the Afghans’ opening goal then Christian Rontini (23) headed in the winner seven minutes later. — FACEBOOK.COM/THEAZKALSPH

THE YOUTH brigade saved the day for the Philippine Azkals as they pulled off a 2-1 fightback win over Afghanistan in Tuesday night’s international friendly at the Rizal Memorial Stadium.

Jens Sebastian Rasmussen, 21, came off the bench to produce a crafty strike at the 74th minute that offset the Afghans’ opening goal then Christian Rontini, 24, headed in the winner seven minutes later to save the home side from the blushes.

The Azkals picked up the W four nights after blowing a 1-nil lead in a 1-1 draw against Chinese Taipei on wet conditions in Kaohsiung. They also put one over Afghanistan head to head after stalemates in two previous meetings in the defunct AFC Challenge Cup.

“In Germany, we say it’s a dirty win. You win despite the adversity, problems that were there so for us it‘s fantastic,” said the Azkals’ German coach Michael Weiss, who is preparing the team for the FIFA World Cup Asian Qualifiers in November.

“I think we should have already won in Taipei, which was the better game of the two. But at the end of the day, football is a results-oriented sport so I’m happy.

“It gives us confidence for the next level in October (next Fifa match days) as we’ll have a (training) camp in Bahrain (and possible friendlies) against very strong teams (prior to the World Cup Qualifiers),” he added.

Despite the Azkals controlling possession, it was the Afghans who broke through at the 64th with Omid Popalzay firing a volley that eluded Neil Etheridge and bounced off the crossbar into the net.

Then came Mr. Rasmussen, who made an amazing run from the half-line past three Afghan defenders to slot in a sublime equalizer that drove the 2,157 supporters nuts.

Mr. Rontini made sure the merrymaking was complete as he soared to meet Bienve Maranon’s cross and send it home, executing Cristiano Ronaldo’s iconic “siuu” celebration to the delight of the crowd.

Mr. Etheridge, now the elder statesman and skipper of the team, said the Azkals’ “winning mentality is back “after “accepting mediocrity the last five years.”

“It’s probably the first time in a long while I’ve seen that fight from an Azkals team. We could have rolled over after conceding one- nil. We didn’t,” said Mr. Etheridge, whom Mr. Weiss described as the side’s “mental coach” for helping his teammates embrace the “win-at-all-cost” mentality. — Olmin Leyba

Gilas Pilipinas preparing for tough road in Asian Games

GILAS PILIPINAS — FIBA.BASKETBALL

EVEN though it outranks Bahrain and Thailand in the totem pole and finished higher than Jordan in the last FIBA World Cup, Gilas Pilipinas is under no illusion the coming Asian Games would be easy.

“We know we have a tough road ahead of us,” Gilas interim coach Tim Cone said of what’s up ahead in the Sept. 23 to Oct. 8 Asiad in Hangzhou, China.

Mr. Cone’s troops face Bahrain, a Middle East side sitting 44 places lower in the FIBA world rankings, in the Group C opener. The 94th-ranked Thais, the Philippines’ regular prey in the Southeast Asian Games, is next before the WC 23rd-placing Filipinos battle Jordan, a squad that wound up 32nd and last in the global meet.

“We don’t know much about Bahrain but we’re trying to figure it out. We know Thailand from the SEA Games and they’ve gotten better and better with their naturalized players and Thai-Americans. Their program’s really growing by leaps and bounds so we know they’re going to be tough,” said Mr. Cone.

As for Jordan, the Middle Eastern squad is topbilled by TNT’s Rondae Hollis-Jefferson (RHJ), a skilled man responsible for taking the PBA Governors’ Cup away from Mr. Cone and Gilas counterpart Justin Brownlee.

“Justin (Brownlee) already has the experience of playing Rondae (Hollis-Jefferson) so we know how tough he is. And he played really, really well in the World Cup, he was amazing,” said Mr. Cone of RHJ.

If Gilas does get past the group stages, a potential showdown with Japan and Korea looms. The Japanese reportedly has a team for the Asian Games separate from the side that took the highest Asian honors in the World Cup (WC). The Koreans, meanwhile, have been preparing solely for the Asian Games since they weren’t in the global hoopfest.

Then there’s host China, which should be raring to give Gilas a home beatdown in the mold of the latter’s 96-75 blowout in the WC.

“If we win (a seat in the next stage), we’ll probably cross over with either Japan or Korea so that’s not going to be easy either. And China will be there somewhere along the line,” said Mr. Cone.

“We haven’t spent too much time thinking about it (opposition), they’re not right in front of us yet. Right now, we’re trying to do the day-to-day, trying to get ourselves prepared. But we know we’ve got a tough road and we have to figure out a way to play Rondae (Hollis-Jefferson),” he added. — Olmin Leyba

Gilas men’s, women’s basketball team set for joint training

GILAS WOMEN’S BASKETABLL TEAM — FIBA.BASKETBALL

THE GILAS Pilipinas women’s team beams with excitement to share the court with its men’s counterparts as they both brace for a tall order of flying the flag high in the upcoming Asian Games on Sept. 23 to Oct. 8 in Hangzhou, China.

Head coach and program director Pat Aquino said it will be like “one big family” for both the Philippine basketball teams as they train together on a rare occasion today at the Philsports Arena in Pasig City.

“We would like to thank coach Tim Cone for doing this. It’s also nice to see the Gilas together like one big family,” Mr. Aquino told The STAR after Mr. Cone’s announcement of the momentous event.

Mr. Cone on Tuesday shared that the stage has been set for the joint training of the two Philippine quintets and it will be open to the public at 4 p.m.

The addition of Gilas women, which was at the sidelines of the FIBA Basketball World Cup here and even met 2026 FIBA Women’s World Cup global ambassador Sue Bird, in the men’s camp will boost the team’s preparation since last month at the Aero Center in Quezon City.

Aside from home training, Gilas also embarked on overseas trips with participation in the FIBA Asia Cup Division A, the return of the Women’s Jones Cup and a pocket tournament in South Korea against Women’s Korean Basketball League teams.

Gilas actually started preparing for the Asiad as early as summer when it took home a pair of silver medals in the Cambodia Southeast Asian Games before claiming a historic sixth-place finish in the Asia Cup in Australia.

In the Jones Cup, Gilas also finished sixth while standing its ground against Korean squads. Gilas will also play against UAAP teams starting against Far Eastern University this weekend.

“The preparation is doing good and hoping that we can make our country proud again,” added Mr. Aquino, whose wards will be led by veterans Jack Animam and Afril Bernardino.

Like the men’s teams, Gilas women already have an initial list submitted to the Philippine Olympic Committee (POC) and the Hangzhou Asian Games Organizing Committee but possible changes are anticipated.

Gilas women’s Hangzhou Asiad stint will mark its return to the continental stint for the first time since 1998, when coincidentally the Philippine centennial team also under Mr. Cone won the bronze in Bangkok for the country’s last podium finish.

This time with inspiration from each other in joint training, the Philippine teams are determined to end the drought and bring home the country’s lost glory. — John Bryan Ulanday

Philippines braces for war in chess in Hangzhou Games

GR STOCKS-UNSPLASH

THE PHILIPPINES is eyeing to replicate, if not eclipse, its solid silver medal finish the last time chess was held in the Asian Games in Guangzhou, China 13 years ago as it braces for battle in the Hangzhou Games set Sept. 23 to Oct. 8.

The country is fielding a 10-strong squad spearheaded by Grandmasters Mark Paragua, John Paul Gomez and Darwin Laylo and Woman GM Janelle Mae Frayna as it tries to get a fair share of the five gold medals staked in the event.

The categories to be fought at in Hangzhou are men’s team standard, individual and team rapid and women’s individual rapid and team standard.

In 2010, the Filipinos, then headed by Wesley So and composed of GMs Eugene Torre, Joey Antonio, Mr. Gomez and Mr. Laylo, came out of nowhere in snatching a men’s team silver.

They finished behind the mighty Chinese and shockingly ahead of another powerhouse India.

But the Indians have since improved by leaps and bounds in the last decade and have produced two bronze medal teams in both the men’s and women’s divisions of last year’s World Chess Olympiad in Chennai, India and three players in the top 20.

It included World No. 8 Dommaraju Gukesh and No. 19 and FIDE World Cup runner up Rameshbabu Praggnandhaa, who will be part of India’s squad in Hangzhou.

And the country no longer has Mr. So, who has since moved and represented the United States for years.

The Filipinos, who will also be composed of Paulo Bersamina, Jem Garcia, Bernadette Galas, Shania Mae Mendoza, Jan Jodilyn Fronda and Marie Antoinette San Diego, however, isn’t giving up on hope.

“We’ll do our best,” said national coach GM Jayson Gonzales. — Joey Villar

PSC hosts financial literacy seminar for national athletes, coaches

NATIONAL training pool athletes and coaches, numbering around 400, will receive insights from top financial executives in the country today as the Philippine Sports Commission (PSC) hosts a financial literacy seminar at Rizal Memorial Coliseum in Manila.

The project, dubbed “Pera Mo, Kinabukasan Mo!”, is an initiative of the agency, overseen by PSC Commissioner Walter Torres, to provide a comprehensive understanding of financial literacy, offering insights, strategies and practical knowledge to enable informed financial decision-making to all national athletes and coaches.

“Our national team just came off two successful stints at the SEA Games and ASEAN Para Games, in which they were rewarded with cash incentives by the government last August. We felt the need to also guide them to take care of their hard-earned peso,” said Mr. Torres.

The day-long seminar will feature top executives in the field, starting with renowned financial educator and author Chinkee Tan, followed by Landbank of the Philippines’ Overseas Filipino Bank Representative Officer Leover Loyola, Acting Senior Trust Management Specialist Neil Concepcion, Digital Marketing Officer Desiree Cabuyao and Treasury Manager Glenn Aguda for the morning session.

Pioneer Life, Inc. Vice President for Marketing Corporate Affairs Liza Lichauco and Middle Income Insurance Deputy Head Hazel Inocencio-Zapanta will open the afternoon session, together with Scam Watch Pilipinas Co-Lead Convenors Art Samaniego and Jocel De Guzman, Pag-IBIG Member Services Officer Ms. Maricel Zamudio, and Technical Education and Skills Development Authority (TESDA) Senior Specialist Mr. Marcelo C. Matias.

“As sports continue to mold the discipline and dedication of our athletes in the game, it is also through those same values that they can be good stewards of their money,” said PSC Chairman Richard Bachmann.

The program marks the third time the PSC conducted a financial literacy seminar for athletes and coaches, dating back in the first and second editions in 2015 and 2019, respectively, with Registered Financial Planner (RFP) and journalist Salve Duplito.

Haaland, Norway keep Euro hunt

ERLING Haaland notched his 25th goal in 26 international appearances to help Norway to a 2-1 win over Georgia on Tuesday that kept their Euro 2024 qualification hopes alive.

The 23-year-old striker struck on 25 minutes before captain Martin Odegaard doubled their lead eight minutes later as the home side dominated the match at Oslo’s Ullevaal stadium.

However, with Norway needing all three points to remain in the hunt for one of the two qualifying spots from Group A, Budu Zivzivadze rattled the home side’s nerves by pulling a goal back for Georgia in stoppage time. — Reuters

Livestream shopping booms on 9.9 — Shopee

SHOPPERTAINMENTLIVE.COM

Interactive livestream selling had a significant breakthrough for small online businesses during the the Sept. 9 sale period, according to e-commerce platform Shopee. 

When compared to a normal day, Shopee Live saw an increase in first-time buyers of 41 times, as users made the most of the platform’s exclusive 9.9 promos and shoppertainment opportunities, Shopee said in an e-mailed statement on Wednesday. 

“This 9.9, we are glad to bring users even more value through Shopee Live, by helping brands and sellers reach out to and deliver the best deals to shoppers effectively,” Vincent Lee, head of Shopee Philippines, said.

Shoppertainment is a fast-growing e-commerce opportunity that seeks to entertain and educate consumers to drive sales. 

It is projected to expand to a market value of over $1 trillion by 2025, according to the Boston Consulting Group. 

Viewers had spent more than 2.7 million hours on the platform’s live-selling platform, with a six-times uptick in new viewers compared to an average day, according to Shopee. 

“Sellers also achieved increased sales with an 8 times uplift of items sold within the first two hours of September 9, compared to an average day,” Shopee said. 

It also said that Chemiscents, its top local merchant selling personalized perfume and hand sanitizer bottles, sold over 29,000 items via livestream on Sept. 9 alone. 

Brands were able to gain up to P11 million in a single stream on September 9, Shopee said. 

Shoppers claimed over 400,000 deal vouchers during the sale period, the platform added. — Miguel Hanz L. Antivola

Manila Broadcasting Company to hold 2023 Annual Stockholders’ Meeting on Oct. 5

 


Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by enabling them to publish their stories directly on the BusinessWorld website. For more information, send an email to online@bworldonline.com.

Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.

Huge death toll from floods in Libya still expected to increase

A MAN stands next to a damaged car, after a powerful storm and heavy rainfall hit Libya, in Derna, Libya, Sept. 12, 2023. — REUTERS

NEAR DERNA, Libya — A desperate search for thousands of people missing after catastrophic flooding in the Libyan city of Derna entered its third day on Wednesday, with thousands already confirmed dead and the toll expected to rise.

The flood was caused by a powerful storm that burst dams nearby, unleashing a torrent of water that has devastated a quarter or more of the Mediterranean city, washing away buildings along with their residents.

Officials in eastern Libya say the death toll so far stands at more than 5,000. A hospital director in the city told Reuters on Monday 1,700 bodies had been counted at his hospital, and that 500 more had been buried in another part of the city.

Some 10,000 people are estimated to be missing. Many are believed to have been swept out to sea.

Reuters journalists who visited Derna on Tuesday saw many bodies laid out on the ground in hospital corridors and people seeking to identify missing relatives as more dead were brought in.

One Derna resident, Mustafa Salem, told Reuters he had so far lost 30 members of his family.

Aid convoys and trucks carrying bulldozers were headed towards the city on Wednesday.

The flood unleashed enormous destruction, flipping and mangling cars and leaving Derna’s streets covered in rubble, mud and debris.

Satellite photographs of the city from before and after the disaster show that what had been a relatively narrow waterway through the city center was now several times wider, with all the buildings that had run along it gone.

Extensive damage, with buildings missing, is also clearly visible in other parts of the city where flood waters broke out from the waterway.

Rescue operations are complicated by Libya being politically fractured.

The internationally recognized Government of National Unity (GNU) is based in Tripoli, in the west. Derna is in an eastern area where a parallel administration operates, and where control is wielded by commander Khalifa Haftar’s Libyan National Army.

Libya’s Prime Minister Abdulhamid al-Dbeibah, head of the Tripoli-based government, said on Tuesday the floods were an unprecedented catastrophe. Libya’s Presidential Council head Mohammed al-Menfi has called for national unity.

The U.N. Office for the Coordination of Humanitarian Affairs said emergency response teams had been mobilized to help on the ground. Governments including Qatar and Turkey have rushed aid to Libya. — Reuters

Putin says Moscow will help North Korea with satellite plan

RUSSIA’s President Vladimir Putin shakes hands with North Korea’s leader Kim Jong Un during a meeting at the Vostochny Cosmodrome in the far eastern Amur region, Russia, Sept. 13, 2023. — SPUTNIK/MIKHAIL METZEL/KREMLIN VIA REUTERS

MOSCOW/SEOUL‚ President Vladimir Putin said Russia would help North Korea launch satellites and North Korean leader Kim Jong Un said Moscow had his full backing in its “sacred fight” with the West as they met on Wednesday at a cosmodrome in Russia’s Far East.

They would discuss “all issues,” Mr. Putin said when asked if the two leaders would talk about getting supplies from the North to replenish Moscow’s dwindling stock of weapons and ammunition at the summit at the Vostochny Cosmodrome space station.

“That’s why we came here,” Putin said when reporters asked whether Russia would help Kim build satellites. “The leader of the DPRK shows great interest in rocket engineering; they are also trying to develop space.”

DPRK is short for the Democratic People’s Republic of Korea, North Korea’s formal name.

At the opening of the meeting with Mr. Putin at the gleaming new space station, Mr. Kim said it was North Korea’s unwavering position to further develop its traditional friendship and ties with Russia.

“I find it an honor that the president has prepared an opportunity to meet at a special environment at the launch station which is the heart of your position as a space superpower and given us a deep understanding of the way forward,” Mr. Kim said.

Mr. Kim also told Mr. Putin the Kremlin chief had his full backing in the “sacred fight” Moscow is waging “against the hegemonic forces.”

“We will always support the decisions of President Putin and the Russian leadership… and we will be together in the fight against imperialism,” Mr. Kim told Mr. Putin, speaking via an interpreter.

The summit between the leaders of the two countries, which have become increasingly isolated internationally, is being watched closely by Washington and allies, who suspect they could agree to trade arms and defense technology.

US and South Korean officials have expressed concern that Kim would provide weapons and ammunition to Russia, which has expended vast stocks in more than 18 months of war in Ukraine. Moscow and Pyongyang have denied such intentions.

The choice to meet at Vostochny Cosmodrome — a symbol of Russia’s ambitions as a space power – was notable, as North Korea twice failed to launch reconnaissance satellites in the past four months.

“I am glad to see you,” Mr. Putin said earlier as he welcomed Mr. Kim at Vostochny Cosmodrome, a modern space launch facility in the Amur region of Russia’s Far East. “This is our new cosmodrome.”

Mr. Kim has made it a top priority to launch a spy satellite, while pushing his nuclear-armed country to step up the development of ballistic missiles, drones and attack submarines.

Ahead of his meeting with Mr. Putin, Mr. Kim signed the visitor book in Korean: “The glory to Russia, which gave birth to the first space conquerors, will be immortal.”

Television footage showed Mr. Putin giving Mr. Kim a tour of the facility including the building where the Angara, Russia’s new space launch rocket, is assembled. The 42.7-meter booster launches payloads into low Earth orbit. 

BALLISTIC MISSILES LAUNCHED IN KIM’S ABSENCE
Shortly before the summit, North Korea launched two short-range ballistic missiles from an area near the capital, Pyongyang, into the sea off its east coast.

It was the first such launch by the North while Mr. Kim was abroad, analysts said, demonstrating an increased level of delegation and more refined control systems for the country’s nuclear and missile programs.

Mr. Kim had made just seven trips abroad in his 12 years in power, all in 2018 and 2019. He also briefly stepped across the inter-Korean border twice.

After the summit, Mr. Putin and Mr. Kim had lunch on crab dumplings, sturgeon and beef with Russian wine, where Mr. Kim proposed a toast to Putin’s health and said he was confident the Russian army and people would triumph against “evil”.

Kremlin spokesman Dmitry Peskov said the two countries cooperate in “sensitive” areas, including military cooperation but it is not targeted at other countries, and they should not be concerned about Russia’s ties with North Korea.

Mr. Kim arrived in Russia by private train on Tuesday with top defence industry and military aides and said his visit highlighted the “strategic importance” of the two countries’ ties, the North’s state news agency KCNA reported on Wednesday.

The make-up of Kim’s delegation, with the notable presence of Munitions Industry Department Director Jo Chun Ryong, suggested an agenda heavy on defense industry cooperation, analysts said.

Mr. Kim could offer artillery rounds from North Korea’s large stockpile, which could replenish Russia’s capabilities in the short term, but questions about the ammunition’s quality may limit the overall impact, military analysts said.

South Korea and the United States have warned such a deal would violate U.N. Security Council resolutions, which Russia as a permanent member of the council voted to approve.

North Korea is one of the few countries to have openly supported Russia over the Ukraine conflict, and Putin pledged last week to “expand bilateral ties in all respects in a planned way by pooling efforts.” — Reuters

US CDC recommends broad use of updated COVID-19 vaccines

PHILIPPINE STAR/ MICHAEL VARCAS

THE US Centers for Disease Control (CDC) and Prevention director on Tuesday signed off on broad use of updated COVID-19 vaccines approved by the government — covering ages 6 months and up — as the country prepares to start a vaccination campaign within days.

The final recommendation from director Mandy Cohen comes after a panel of advisers to the agency voted 13-1 to recommend the shots made by Pfizer and partner BioNTech as well as Moderna.

They did not choose to target the shots at specific high-risk populations as some experts have suggested, and other countries have recommended. The shots are part of a push by public health officials to align the next COVID vaccines more closely with the actual circulating variant of the virus, much as annual flu shots are designed.

The recommendation differs from those in most European countries that have issued guidance. This month, the European Centre for Disease Prevention and Control (ECDC) said vaccination programs in European Union countries should prioritize people aged 60 and older as well as other vulnerable groups.

In Germany, booster shots have been targeted to these groups, while the British government’s vaccine committee said only adults 65 and older and some other categories will be offered the shot as they are the most likely to benefit.

US CDC panel members said simply recommending the vaccine for everybody outweighed complications created by tailoring recommendations more precisely.

“I’m strongly in favor of a universal recommendation,” panel member and professor at Harvard Medical School Dr. Camille Kotton said. “Let’s do away with COVID-19 as best we can by prevention of disease through vaccines.”

The CDC advisers met a day after the US Food and Drug Administration (FDA) approved updated COVID vaccines made by Pfizer and its German partner BioNTech as well as by Moderna for people ages 12 and above, and authorized them for emergency use in children ages 6 months through 11 years.

Pfizer and Moderna have said shots can roll out in coming days and the CDC said they will be available later this week.

Novavax’s protein-based shot is still under review by the FDA and a recommendation for the same is expected to be in line with the FDA’s decision.

AN EVER-EVOLVING VIRUS
Formulating vaccines to target the latest variants of the ever-evolving coronavirus has been a challenge for public health officials globally since the pandemic began in 2020, with some variants more worrisome than others. Variants circulating the most widely in the United States now are subvariants of what is called the XBB lineage of the virus.

The updated shots are monovalent, or single-target vaccines, aimed at what is called the XBB.1.5 variant, as requested by the FDA.

“I do think that a broad boosting strategy makes sense,” said Caitlin Rivers, a senior scholar at the Johns Hopkins Center for Health Security in Baltimore, adding that while the virus was not causing as many hospitalizations and deaths as before, it is still circulating.

Ms. Rivers added she was curious to hear the committee’s recommendation for young men, “because we do see that, in rare cases, young men can develop myocarditis or related effects,” referring to a condition in which inflammation develops in the middle muscular layer of the heart wall.

The rate of myocarditis after receiving booster doses in adolescent and young adult males are lower than that observed after the primary series of shots, CDC official Megan Wallace said at the meeting.

She said the data is limited because of the fewer number of booster doses given out and added that longer intervals between updated doses may also have an impact on the myocarditis rates in this population.

COVID infections and hospitalizations have been rising in the United States, Europe and Asia but remain well below previous peaks. Deaths are relatively low in the United States — reported at around 2,000 last month — though the country has experienced 1.1 million COVID deaths since the outset of the pandemic. — Reuters