Home Blog Page 5316

Era of coronavirus restrictions appears to be coming to an end

A MURAL is dedicated to medical specialists involved in the fight against the coronavirus disease (COVID-19) in Odintsovo outside Moscow, Russia May 14, 2020. — REUTERS/EVGENIA NOVOZHENINA

THE ERA of coronavirus restrictions is fading away, but that doesn’t mean coronavirus disease 2019 (COVID-19) is gone.

Governments are racing to scrap the last remaining pandemic measures, eager to reset the world after two years of dramatic upheaval. Even slow-mover Germany is planning to unwind curbs next week, despite setting records for infections on a daily basis.

Officials say data and science are behind the decisions, but politics, as well as weariness and frustration, are mixed in too.

While the world has changed since early 2020 and new approaches are justified, health officials warn that the virus remains part of our reality. It’s still circulating, new severe variants could emerge, or next winter could spark another seasonal surge. To them, governments appear to be rushing toward something that isn’t quite the finish line. Soumya Swaminathan, chief scientist at the World Health Organization, says it’s “foolish” now to drop all precautions.

OVER OMICRON
With the exception of China, which is sticking to COVID-zero policies, caution is a hard sell after two years of restrictions that disrupted everything from work to shopping and travel. The most severe measures — economically crippling lockdowns — pushed businesses under water, workers out of jobs and triggered massive government borrowing to shore up economies.

It’s also clearly about much more than money. Almost 6 million people have died, and the grief of mourners was made harder by restrictions that cut loved ones off from each other and curtailed funerals.

The pandemic battle has also pitted politics against science. It fueled protests — like the trucker blockades in Canada over vaccine mandates — and became tangled up with the ideological differences that have deepened divisions in society.

“It was very disappointing to see the attack on scientists and science,” Swaminathan said in an interview on Bloomberg Quicktake. “It got stronger over the course of the pandemic, and it has a potential to do a lot of damage.” 

UK Prime Minister Boris Johnson accelerated easing plans this week, announcing that England’s final curbs would end later in February. Norway and Denmark have already ditched most restrictions. In South Africa, where the Omicron variant was first identified before spreading at light speed around the world, self-isolation rules have been scrapped.

The UK offers a prime example of the multiple factors at play right now, and why some worry that governments are moving too fast.

Yes, the country’s vaccine rate is above 80%, more than half of the population is boosted, and hospitalizations have fallen sharply since their December peak. But tied up with the move to call time on the pandemic are accusations that Mr. Johnson is trying to distract from a scandal about rule-breaking lockdown parties that’s threatening his future as leader.

As governments offer voters the lure of normality — or “freedom” as some like to call it — anger remains, many of it linked to vaccination. France risks being hit with fresh protests this weekend similar to the ones in Canada that have disrupted businesses.

Among public-health experts, there’s concern that politicians have missed the lessons from the crisis, particularly the on again-off again curbs, and will be caught flatfooted if and when a relapse hits.

“For the past two years, we have misused the opportunity of the spring and summer, where behavior limits transmission, not to make good on the hard-earned control from harsh lockdowns,” Stephen Griffin, a virology professor at the University of Leeds. “The promises around there not being a need for further restrictions in the future have proven hollow.”

Given the uncertainty about fresh COVID variants, potential spikes in infections and the risks of future pandemics, authorities will need to be ready, according to Richard Hatchett, who leads the Oslo-based Coalition for Epidemic Preparedness Innovations.

“It’s likely the case that the public will be able to enjoy some well-deserved relaxation as omicron subsides, but it’s incumbent on governments not to forget that we don’t know what’s coming next,” Mr. Hatchett, a former White House adviser, said in an interview.

Expanding home-testing, improving ventilation in public buildings, increasing efforts to track mutations and developing better vaccines and drugs that can work against a broad range of variants and other diseases are all part of the toolkit.

“The bottom line is that from a government perspective, from a risk-management perspective, we have to make investments with an assumption that we might have a bad scenario,” even if it’s less likely, Mr. Hatchett said. — Bloomberg

Klay Thompson, Warriors hold off Lakers

KLAY Thompson capped his 33-point performance, a season high, with three late 3-pointers and LeBron James couldn’t take advantage of three free throws that could have tied the game in the final seconds as the Golden State Warriors outlasted the Los Angeles Lakers (117-115) on Saturday night in San Francisco.

Seeking to end a two-game losing streak, the Lakers blew a late six-point lead, then got a final chance to tie when, down 117-114, James was fouled while attempting a 3-pointer with 2.4 seconds left.

But LeBron James, who began the game hitting 75.3% from the foul line and had missed two of his first six of the night from the line, failed to convert the first of his three before making the second.

The veteran intentionally missed the third, and when the Golden Sate Warriors slapped the ball away from the basket, the Los Angeles Lakers never got another shot.

Thompson, who scored 10 more points than he had in a game after his late start this season, went 5-for-9 on 3-pointers.

Three of his treys came in a flurry that began after an Austin Reaves layup had given the Lakers, who trailed by as many as 15 in the second quarter, a 109-103 lead with 3:47 to play.

Thompson’s second of those bombs tied the game at 109-all, and shortly thereafter bombed in a third for a 115-113 advantage with 1:35 to go.

The Lakers had ample opportunity to make up the deficit thereafter, and did get within one when Anthony Davis made a free throw with 1:12 to go.

But Davis missed the second foul shot with a chance to tie, and Russell Westbrook and James missed tip-in attempts.

Stephen Curry made it a three-point game with a short jumper at the 46.2-second mark, and the Lakers never caught up.

Curry finished with 24 points for the Warriors despite missing seven of his eight 3-point attempts. He did add eight assists.

Andrew Wiggins chipped in with 19 points, Jonathan Kuminga 18, Jordan Poole 11 and Kevon Looney with a team-high 12 rebounds for Golden State, which snapped a two-game losing streak, which matched its longest of the season.

James complemented his team-high 26 points with a game-high 15 rebounds and eight assists. The Lakers have dropped both meetings to Golden State this season.

Westbrook had 19 points, seven rebounds and five assists, while Talen Horton-Tucker added 17 points, Davis 16, Reaves 13 and Malik Monk 12. — Reuters

Man City restores 12-point lead; United draws again

LONDON — Manchester City’s relentless pursuit of the Premier League title continued with a thumping 4-0 win at Norwich City but Manchester United’s troubles continued as a 1-1 draw with Southampton further damaged their top-four hopes on Saturday.

Raheem Sterling scored a hat-trick with Phil Foden also on target as City restored their 12-point lead over Liverpool who faces bottom club Burnley away on Sunday.

After being held to a draw by Burnley in midweek, United desperately needed a win at home to Southampton, but despite taking the lead when Marcus Rashford set up Jadon Sancho in the 21st minute they were again found wanting.

Southampton, beaten 9-0 on their last trip to Old Trafford, responded three minutes after half time when Che Adams slotted into the corner via the post.

The visitors could even have won the game as Armando Broja forced David de Gea into a save while Stuart Armstrong blazed a good opportunity over the bar.

United moved into fifth spot, level on 40 points with West Ham United, but Arsenal (39) has two games in hand while Tottenham Hotspur (36) has played three games fewer.

Everton claimed a first league win under Frank Lampard to ease their relegation fears, beating Leeds United 3-0 to move five points clear of third-from-bottom Norwich.

Roy Hodgson’s first home game in charge of Watford went badly as a 2-0 home defeat by Brighton and Hove Albion left them one place off the bottom of the table.

Brentford ended a five-match losing run in the league with a 0-0 home draw against Crystal Palace with the only real highlight coming before kickoff as new signing Christian Eriksen was presented to the crowd eight months after he suffered a cardiac arrest at Euro 2020.

Sterling had failed to score in his last five appearances for City but curled home a fine finish to break Norwich’s resistance after 31 minutes at Carrow Road.

When Foden bundled in City’s second in the 48th minute the result was a formality but Sterling provided some gloss with a header and then converted a rebound after his penalty had been kept out by home keeper Angus Gunn.

City has now won 14 of their last 15 Premier League games, drawing the other.

“We need a lot of points. We know what rival we have, the closest one is Liverpool,” Guardiola, whose side have 63 of the 90 plus points he says they will need, said.

“(Liverpool) won’t drop many points for the quality they have. It’s the best squad they have in the last decade. We’ll have to win a lot of games.”

STUCK IN A RUT
While City motors on, United appears to be stuck in a rut under interim manager Ralf Rangnick who will soon have a decision to make about Cristiano Ronaldo.

The Portuguese has now failed to score in any of his last six appearances in all competitions — something he has not endured at club level since January 2009.

“He would have wished to score, I would have too,” Rangnick said. “Today, he had his chances, with one cleared off the line, and had good moments in the second half.

“Again, it is not only Cristiano but as a team we create enough chances but cannot score. It is a major problem.”

Everton’s defeat by Newcastle United in midweek had left Lampard’s team in the relegation battle.

But they responded in resounding fashion on Saturday as goals by captain Seamus Coleman, Michael Keane and Anthony Gordon rewarded them for an impressive display.

“Relief is three points and the table looks slightly better this week but I’m just so proud of the performance,” Lampard said. — Reuters

Havertz’s late penalty seals world club crown for Chelsea

ABU DHABI — Chelsea were crowned FIFA Club World Cup champions for the first time as Kai Havertz struck home a penalty deep into extra time to break the hearts of Brazilian club Palmeiras on Saturday.

Havertz, scorer of the winning goal in last season’s European Champions League final, was as cool as a cucumber as he converted in the 117th minute after Palmeiras’s Luan had conceded the spot kick with a handball.

Palmeiras’s misery was complete when Luan was sent off in stoppage time for a desperate tackle on Havertz.

Chelsea has now won every major club trophy since Russian billionaire Roman Abramovich took control in 2003.

The final in the Mohammed Bin Zayed Stadium, where around 15,000 Palmeiras fans outnumbered Chelsea supporters, took a while to come to life.

Chelsea, who lost the 2012 final to Brazilian side Corinthians, became increasingly dominant though and took the lead in the 55th minute when Romelu Lukaku powered in a header.

Palmeiras hits back shortly afterwards when Thiago Silva was adjudged to have handled the ball and Raphael Veiga converted from the spot to send the Brazilian fans wild.

Chelsea looked stronger in extra time but a penalty shootout loomed until Luan’s raised arm was struck by Cesar Azpilicueta’s volley from close range and after a VAR check referee Chris Beath went to check a pitch-side monitor.

He returned to point to the spot and Havertz did the rest.

Since taking charge little over a year ago Chelsea manager Thomas Tuchel, who was in attendance after missing the semifinal because of a positive coroanvirus disease 2019 (COVID-19) test, has now earned Chelsea the European and world club crowns.

“It never stops. We want to keep on winning trophies,” Tuchel said in a pitch-side interview before his team were given their medals by International Federation of Association Football (FIFA) president Gianni Infantino.

“In the end, if you score late, you need luck to do it but we were relentless and we did not stop trying.”

Palmeiras had been bidding to become the fourth Brazilian club to win the inter-continental tournament since 2000.

The South American club champions worked like Trojans to keep Chelsea in check and Tuchel’s side labored early on.

They were not helped when Mason Mount, one of four changes to the side that started against Al-Hilal in the semifinal on Wednesday, was forced off with an injury.

Palmeiras settled into the game and in Dudu they had a real threat with the midfielder firing narrowly over before flashing another effort wide of Edouard Mendy’s post.

Chelsea rarely threatened in the first half but they took the lead in clinical fashion 10 minutes after half time.

Callum Hudson-Odoi, who had been wasteful, got to the byline and his cross was perfect for Lukaku who headed past Weverton.

The lead did not last long though as Brazilian Thiago went up to clear a cross but the ball struck his raised arm and Veiga fired the spot kick inside Mendy’s left-hand post.

Chelsea moved up a gear with Havertz just missing the target with a thunderous shot from an angle before Christian Pulisic, who replaced Mount, went close with a shot.

The Premier League club continued to turn the screw in extra time with Palmeiras beginning to flag.

Pulisic’s low cross was deflected up on to the woodwork as Palmeiras dug deep. But the Brazilians’ resistance was finally pierced as Havertz again showed an appetite for the big occasion to keep Chelsea’s trophy machine rumbling on.

For Palmeiras, there were tears, but no shame.

“I’m going to ban my players from not celebrating second place,” manager Abel Ferreira said. “Woe to them if they get on the plane and don’t have a beer. If you don’t, you’ll have to deal with me. I’m proud of what we did.”

Egyptian side Al Ahly won the third-placed playoff, beating Al Hilal 4-0. — Reuters

Sahith Theegala goes low, leads WM Phoenix Open by two

AFTER finishing up his first round on a sour note early on Friday morning, PGA Tour rookie Sahith Theegala made up for it with a 7-under-par 64 to jump out to a two-shot lead after two rounds of the Waste Management (WM) Phoenix Open in Scottsdale, AZ.

Theegala stood at 7 under through 16 holes on Thursday when play was suspended due to darkness. He returned to TPC Scottsdale on Friday and closed his promising first round with back-to-back bogeys.

However, his second round of eight birdies and just one bogey propelled him to 12-under 130, two strokes ahead of Brooks Koepka and Xander Schauffele. Patrick Cantlay is alone in fourth at 9 under.

“I wasn’t too upset about the way (the day) started,” Theegala said. “Like I had a 15-footer to start the day, so I was like, ‘Okay, I just put a good roll on it and see what happens.’ I put a good roll, just missed.

“And the next tee shot I put it under the lip of the fairway bunker and I’m like, ‘Okay, I can’t do much about that, right?’ And I knew if I kept putting the ball in the fairway I’m going to have scoring opportunities, so it was nice to reset for the 30 or 40 minutes that I had in between the rounds there.”

Theegala, a three-time All-American at Pepperdine University, is playing the event on a sponsor’s exemption arranged by his agent. His only career top-10 finish on tour came last October at the Sanderson Farms Championship, where he tied for eighth.

He is aiming to become the fifth player since the start of the 2014-15 season to win an event after entering on a sponsor’s exemption. The list currently includes Martin Laird (2020 Shriners Children’s Open), Matthew Wolff (2019 3M Open), Billy Hurley III (2016 Quicken Loans National) and Padraig Harrington (2015 Honda Classic).

Koepka carded his second straight 66. He leads the field in greens in regulation through two rounds, hitting 32 of 36.

Schauffele made four birdies on the front nine en route to a bogey-free 65 to move into a tie with Koepka. Cantlay also kept bogeys off his card and shot a 66.

“I drove the ball and putted really well today,” Cantlay said. “I didn’t hit a lot of great iron shots, but I hit a couple close coming down the stretch… When the greens are this good and you can get in a nice rhythm, you can make a bunch of putts out there, and today I did.”

Theegala’s 64 was tied for the low round of the day with Talor Gooch and Sam Ryder. Gooch is tied for fifth with Max Homa (65 on Friday) and Canada’s Adam Hadwin (68) at 8 under. Ryder is tied for 13th at 6 under.

Gooch rolled in four birdies on the front nine and three on the back nine while remaining bogey-free. One of his birdies came at the par-3 16th, famous for its enclosed stadium seating.

“Oh, there’s nothing like it in golf, we all know it,” Gooch said. “It’s such a cliché, but it’s so true, there’s nothing like it and it’s the only time you feel like you’re at Lambeau Field or somewhere that’s not golf. So it’s a fun energy and it gets you hyped up.”

Notables who missed the cut included Harold Varner III (2 over), who won the Saudi International last week, and Norway’s Viktor Hovland (2 over), who has risen to No. 3 in the Official World Golf Ranking. — Reuters

Time running out

Yesterday proved to be yet another disappointment for the flailing Lakers, whose seeming penchant for snatching defeat from the throes of victory had them absorbing their third straight setback and seventh in their last nine outings. For all the credit they deserved for getting out of the gates with purpose following the absence of any roster movement at the trade deadline, the outcome remained the same: long faces at the final buzzer, in acknowledgment of both the immediate past development and the foreseeable future. They have been reduced to misery, scrambling for a play-in spot instead of rubbing elbows at the top of the standings.

The Lakers have, of course, no one to blame but themselves. In the off-season, they dared to roll the dice on the mother of all risks: rolling the red carpet for Russell Westbrook, the National Basketball Association’s most polarizing presence, at the expense of depth. That they gave up a lot for the former Most Valuable Player awardee was apparent then. That they gave up too much is clear now. In between, they weren’t helped by frequent lineup changes due to a cacophony of injuries to vital cogs, leading to an evident failure to establish any identity, consistency, and clarity of pecking order.

So desperate did the Lakers become that they were hoping for a change — any change — to their supposedly powerhouse cast at the trade deadline. The best that they could get was a Westbrook-for-John-Wall offer from the Rockets that made absolutely no sense. A swap of damaged goods benefited no one save for the proponents, who figured to get a first-round pick out of the deal. And if the grapevine is to be believed, they even had the audacity to target Buddy Hield vice their erstwhile prized catch. Given that they left the Kings at the altar nearly seven months ago, it was, if nothing else, proof that irony is lost on them.

All things considered, the manner in which the Lakers lost to the Draymond Green-less Warriors yesterday provides a microcosm of their plight. Top dog LeBron James found himself reaching yet another personal milestone, but fell short of delivering for the collective in the end. He extended his streak of scoring at least 25 markers to 22 matches and moved past Kareem Abdul-Jabbar to the top of the career points list — meaningless in the face of his nine-of-27 showing and inability to can free throws that would have sent the contest to overtime. Too bad, really, because he’s 37, and time is running out on him, however slowly, just as time has run out on the purple and gold.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and Human Resources management, corporate communications, and business development.

Local shares plunge amid fears of US rate hike

Philippine Stock Exchange index

Philippine shares fell on Friday as the local bourse took a hit from the higher-than-expected US inflation rate, which could trigger the Federal Reserve to increase its rates next month.

The 30-member Philippine Stock Exchange index (PSEi) plunged 162.26 points or 2.18% to end at 7,270.36, while the broader all shares index dropped 52.61 points or 1.34% to finish at 3,872.13.

“Philippines shares retreated on a red-hot inflation report that could trigger the Fed to hike interest rates as early as March,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.

US consumer prices rose by 7.5% in January, the biggest annual increase in inflation in 40 years, which could fuel financial markets speculation for a 50-basis points interest rate hike from the Federal Reserve next month, Reuters reported.

“An aggressive monetary tightening in the US is seen to have repercussions on the local economy including capital outflows and a weakening of the peso,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a Viber message.

COL Financial Group Chief Technical Analyst Juanis G. Barredo said the index reshuffling may have also contributed to the index drop on Wednesday.

He said he expected some volatility in some stocks like Monde Nissin Corp., gaining 12.10%; Emperador Inc., losing 6.25%; Bloomberry Resorts Corp., declining 3.31%; and Robinsons Retail Holdings, Inc., climbing 3.91%. The first two  were added to the PSEi membership while the last two were removed.

Cristina S. Ulang, vice president and research head of First Metro Investment Corp., said investors also took profits after the index touched 7,500 levels, which she said is an already a strong resistance, but the index managed to move higher.

Meanwhile, all sectoral indices lost at the end of Friday’s trade, except for property, which gained 7.22 points or 0.21% to close at 3,397.07.

Services led the losers as it tumbled 69.83 points or 3.53% to 1,908.18; holding firms declined 194.88 points or 2.76% to 6,844.31; financials skidded 38.85 points or 2.21% to 1,715.55; industrials plunged 197.21 points or 1.82% to 10,585.54; and mining and oil dropped 106.68 points or 0.96% to 10,951.40.

Value turnover jumped to P22.83 billion with 1.93 billion shares that switched hands on Friday from the P10.48 billion with 1.31 billion issues traded the previous trading day.

Declining issues beat advancing ones, 121 versus 66, while 50 names closed unchanged.

Net foreign buying climbed to P4.47 billion on the last trading day of the week from the P407.82 million net purchases logged on Thursday. — M. C. Lucenio

Philippine dollar reserves dip

UNSPLASH

By Luz Wendy T. Noble, Reporter 

The country’s gross international reserves (GIR) slipped in January as the government paid debt and the value of the central bank’s gold holdings declined. 

Dollar reserves slid by 0.3% to $108.45 billion at the end of last month from December, according to preliminary data released by the Bangko Sentral ng Pilipinas (BSP) on Thursday evening. These were also 0.2% lower than a year earlier. 

“The month-on-month decrease in the GIR level reflected mainly the National Government’s payments of its foreign currency debt obligations and downward adjustment in the value of the BSP’s gold holdings due to the decrease in the price of gold in the international market,” the central bank said in a statement. 

Treasury bureau data showed that debt service payments tripled to P81.24 billion in November from a year earlier as amortization payments surged. Principal payments to foreign creditors reached P6.95 billion, while interest paid on external debt was P3.68 billion. 

The country’s debt service bill in the 11 months to November rose by 27.6% to P1.13 trillion from a year earlier. 

“Unless replenished by foreign exchange generating activities, the huge amount of obligations we have now may indicate a continuous trend,” John Paolo R. Rivera, an economist from the Asian Institute of Management, said in a Viber message. 

While the country’s foreign exchange buffers slipped, the end-January GIR level was enough to cover 10.3 months’ worth of imports and payments of services and primary income, the central bank said. 

The GIR was also about 8.6 times the country’s short-term external debt based on original maturity and 5.9 times based on residual maturity. 

Dollar reserves safeguard the economy from market volatility and show the country’s ability to repay debt. 

As of end-January, foreign currency deposits fell by three-quarters to $785.3 million from a month earlier and by 77.9% from a year ago. 

The BSP’s gold holdings were valued at $9.181 billion, 1.6% lower than a month earlier and 14% lower year on year. 

Monetary policy tightening and rising inflation could affect the central bank’s gold valuation, said Michael L. Ricafort, chief economist at Rizal Commercial Banking Corp. 

“Fed rate hikes tend to reduce the appeal of gold, with zero interest rate, but offset by the fact that gold is a hedge against higher inflation,” he said in a Viber message. 

The BSP expects the dollar reserves to rise to $112 billion by year-end. 

Treasury to sell P30-B retail bonds

BW FILE PHOTO

By Luz Wendy T. Noble, Reporter 

The Treasury Bureau will sell at least P30 billion worth of five-year Retail Treasury Bonds this month, it said in a statement on Friday. 

The offer period for the peso-denominated debt is from Feb. 15 to 28, while settlement is on March 4, it said in a statement. There will also be a swap offer for bonds falling due on March 14 and July 4. 

This will be the first retail bond offer by the Treasury this year. In November, the government raised P360 billion from five-year Retail Treasury Bonds with a coupon rate of 4.625%. 

The bonds are targeted for small investors who want low-risk, higher-yielding savings instruments backed by the government. 

In a separate statement, the Treasury bureau said government-owned and -controlled companies and local government units may place their orders for the bond offer starting Feb. 15 through state lenders Land Bank of the Philippines and Development Bank of the Philippines. 

To make way for the bond sale, the government will cancel the auction for seven- and 10-year Treasury bonds on Feb. 15 and 22. 

Yields of the five-year bonds at the secondary market stood at 4.4332% on Friday, based on data from the PHP Bloomberg Valuation Service Reference Rates posted on the Philippine Dealing System’s website. 

Also on Friday, the Philippine central bank raised P120 billion in one-month securities at an auction, with rates falling after inflation slowed last month. 

The Bangko Sentral ng Pilipinas (BSP) fully awarded the 28-day debt, which was oversubscribed as tenders hit P158.1 billion. Bids were still lower than P190.2 last week. 

Accepted rates for the one-month debt hit 1.627% to 1.685% from 1.63% to 1.6945% a week earlier. The average rate slipped to 0.23 basis point week on week to 1.6699%. 

The central bank uses its short-term securities and term deposit facility to mop up excess liquidity in the financial system and guide market rates. 

Yields on the one-month bills declined after inflation eased in January, Michael L. Ricafort, chief economist at Rizal Commercial Banking Corp., said in a Viber message. 

The consumer price index quickened by 3% in January from 3.6% in December as the increase in utility prices slowed, the local statistics agency said. This was the first time 2018 was used as a base year, from 2012 previously. 

Inflation soared to 4.5% last year, above the central bank’s 2-4% target, due higher food and oil prices. The BSP expects inflation to slow to 3.4% this year. 

Mr. Ricafort said yields on the BSP securities had also fallen as investors shifted their funds to short-term tenors amid more hawkish signals from the US Federal Reserve. 

Fed officials have hinted that they were open to raising interest rates starting next month as the US economy recovers and in order to tame elevated inflation. 

Fewer cars sold in January

The modernized IOS showroom design highlights Isuzu Tagum’s sprawling 11,000 sq.m. — PHOTO FROM ISUZU PHILIPPINES CORPORATION

CAR SALES declined by 11.2% in January from a year earlier after a fresh surge in coronavirus infections spurred by the highly mutated Omicron variant, according to an industry group. 

Vehicles sold by the Chamber of Automotive Manufacturers of the Philippines, Inc. and Truck Manufacturers Association fell to 20,765 units last month, they said in a joint report on Friday. 

Passenger car sales fell by a fifth to 5,784 units from a year earlier, while commercial vehicle sales declined by 6.9% to 14,981 units. January car sales were also a quarter lower than a month earlier. 

In a statement, chamber President Rommel R. Gutierrez said the industry expected the decline, noting that car sales are typically sluggish after the holidays. 

He said vehicle sales had also been affected by the coronavirus spike. 

“Unfortunately, we cannot dismiss the impact of tighter restrictions reimposed in January as new cases of COVID-19 rose particularly in National Capital Region and nearby provinces, resulting in a lukewarm reception for big-ticket item spending,” Mr. Gutierrez said.   

The government tightened the lockdown in the capital region on Jan. 3 to 31 because of the infection surge. It has since been relaxed after COVID-19 cases started falling. 

“The pandemic is something that the industry will have to continue dealing with during these uncertain times just like other industries even with the rollout of the vaccines,” Mr. Gutierrez said. “Hopefully, COVID-19 will be contained in the foreseeable future so we can all get back on track to recovery.” 

The groups said Toyota Motor Philippines Corp. had the biggest market share at 47.57% or 9,877 units sold, followed by Mitsubishi Motors Philippines Corp. with 2,954 units sold (14.23%), Nissan Philippines, Inc. with 1,781 units (8.58%) and Suzuki Phils., Inc. with 1,430 units (6.89%).  

The industry groups missed their goal of selling 295,400 units last year, having sold 268,488 units, for a 20% yearly growth. — Revin Mikhael D. Ochave 

Infections fewer than 5,000 for 4th day

PHILIPPINE STAR/ MICHAEL VARCAS

By Kyle Aristophere T. Atienza, Reporter 

The Philippines posted 3,788 coronavirus infections on Friday, the fourth straight day the tally fell below 5,000. 

This brought the total to 3.63 million, the Department of Health (DoH) said in a bulletin. The death toll hit 54,854 after 72 more patients died, while recoveries rose by 5,652 to 3.48 million.  

The agency said 14.7% of 32,795 samples on Feb. 9 tested positive for COVID-19, still above the 5% threshold set by the World Health Organization (WHO). 

Of 91,147 active cases, 3,261 did not show symptoms, 83,145 were mild, 2,986 were moderate, 1,443 were severe and 312 were critical. 

DoH said 97% of the latest cases occurred on Jan. 29 to Feb. 11. The top regions with new cases in the past two weeks were Metro Manila with 470, Western Visayas with 455, and Davao with 453. It added that 44% of new deaths occurred in February and 32% in January. 

The agency said 726 duplicates had been removed from the tally, 449 of which were reclassified as recoveries and one was tagged as a death, while 52 recoveries were relisted as deaths. One laboratory failed to submit data on Feb. 9. 

It said 34% of intensive care unit beds in the country had been used, while the rate for Metro Manila was 24%. 

Earlier in the day, Health Undersecretary Maria Rosario S. Vergeire refuted a claim by researchers from the University of the Philippines that Manila, the capital and nearby cities were now at low risk from the coronavirus. 

“Although cases in the National Capital Region are falling, our metrics shows that it is still under moderate risk, not low risk,” she told an online news briefing in mixed English and Filipino. 

Metro Manila’s daily attack rate was 12.53, with a seven-day moving average of 886 per day, she said. 

OCTA Research Group fellow Fredegusto P. David on Wednesday said the capital region was at low risk from the coronavirus.  

 “I don’t understand why our metrics don’t align,” Ms. Vergeire said. “It’s confusing people. DoH is the official source and we are using metrics that show NCR is still classified as moderate risk.” 

OCTA uses data from DoH and the website of The Act Now Coalition, a nonprofit group founded by volunteers in March 2020. 

Edsel T. Salvana, director of the Institute of Molecular Biology and Biotechnology at the National Institutes of Health-University of the Philippines Manila, said they consider the level of community transmission and vaccination rate, among other things, before classifying the risk level. 

Meanwhile, Ms. Vergeire said the coronavirus is not yet endemic because infections have yet to stabilize. 

She also said the government is preparing for an eventual shift to Alert Level 1, which will become the so-called new normal.  

The Philippines is scrambling to vaccinate more people as it reopens the economy.  

On Thursday, it took delivery of 3.4 million doses of Pfizer, Inc.’s coronavirus vaccines donated by the United States under a global initiative for equal access. 

“As the largest contributor to COVAX, the United States has facilitated the delivery of more than 69 million vaccine doses [to the Philippines, including more than 28.5 million doses donated by the American people,” the US Embassy said in a statement on Friday. 

Ms. Vergeire said the government’s two-day vaccination campaign on Feb. 10 to 11 would be extended until Feb. 18. 

She said 662,318 vaccine doses were injected on the first day of the immunization drive, 442,236 of which were first doses and 219,972 were boosters. The government seeks to fully vaccinate 77 million people by end-March. The country has fully vaccinated 60 million people. 

She said only four of 52,262 children aged 5 to 11 who were vaccinated against COVID-19 in 56 sites nationwide experienced minor adverse reactions. 

Rajendra Prasad, the World Health Organization’s acting representative to the Philippines, said 2.5 million seniors have yet to be vaccinated. 

“Vaccinating older people is one of the most impactful ways to save lives during this pandemic,” he separately told a televised news briefing. “We know that senior citizens are at high risk of developing severe disease, getting hospitalized and dying from COVID-19.”  

Comelec ruling favoring Marcos assailed

By John Victor D. Ordoñez and Kyle Aristophere T. Atienza, Reporter 

A FORMER election commissioner on Friday cited inconsistencies in a division’s ruling allowing the son and namesake of the late dictator Ferdinand E. Marcos to run for president this year. 

The decision written by Commissioner Aimee P. Ferolino was full of contradictions, retired Commissioner Maria Rowena V. Guanzon, who used to preside over the First Division of the Commission on Elections (Comelec), said in a Facebook post on Friday.  

“If there is no law punishing the nonfiling of the income tax returns, how was the regional trial court able to convict Marcos, Jr.?” she asked, referring to former Senator Ferdinand “Bongbong” R. Marcos, Jr. 

The division on Thursday said Mr. Marcos’s failure to file tax returns in the 1980s, for which he was convicted a decade later for tax evasion, did not involve wicked, deviant behavior. 

“In ruling out moral turpitude, Ferolino relied exclusively on the elements of the offense,” said Ms. Guanzon, who earlier accused her fellow commissioner of delaying the case so her vote would not be counted. “This is wrong.” 

“Determination of whether an offense involves moral turpitude is a question of fact and depends on all the surrounding circumstances,” she added. 

Ms. Guanzon earlier alleged that a senator from Davao was meddling in the lawsuit filed by survivors of the dictator’s martial law regime.  

“If Ferolino has any shame left, she should inhibit herself from voting on the motion for reconsideration,” she tweeted separately. 

The petitioners would seek reconsideration of the ruling next week, Howard M. Calleja, their lawyer, told a news briefing. 

“We will continue to exhaust all remedies available to bring out the truth, to attain justice and to bring the issue to the proper legal conclusion it deserves,” he said. 

Bonifacio P. Ilagan, a martial law victim and one of the petitioners, said the ruling has strengthened their doubts about Comelec’s integrity. 

Marcos lawyer and spokesman Victor D. Rodriguez applauded the Comelec ruling on Tuesday night, calling the lawsuits “nuisance.” 

“Enough of the quarrel, enough of the conflict,” he said in a statement in Filipino. 

The Marcos family was forced to flee the country in 1986 after a popular street uprising supported by military generals toppled the dictator’s regime. Marcos, Jr. was among the first members of the family to return to the Philippines from exile in the United States in 1991.