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Mbappé double gives PSG 2-0 win over Monaco

PARIS — Paris Saint-Germain (PSG) continued their march towards the Ligue 1 title when a Kylian Mbappé double earned them a clinical 2-0 home victory against Monaco on Sunday.

Mbappé found the back of the net with a penalty and a precise strike in the opening half to put the league leaders on 45 points from 18 games, 13 ahead of second-placed Olympique de Marseille who have a game in hand.

Monaco, who had scored three goals in each of their wins in the previous two games, are eighth on 26 points.

They are one of six teams within six points fighting for second place, with Stade Rennais in third on 31 points after their 2-1 defeat at home against fourth-placed Nice.

“Maybe it was not brilliant, but we killed it in the first half,” said Mbappé, who scored his ninth and 10th goals in 10 appearances against his former club.

“I can’t get sentimental. I love playing football and I love scoring goals.”

At the Parc des Princes, Monaco started well with Sofiane Diop coming close when his attempt crashed into goalkeeper Gianluigi Donnarumma in the second minute.

But it took PSG only 12 minutes to take the advantage as Mbappé converted a penalty after Angel Di Maria had been brought down by Djibril Sidibe.

PSG relied on Mbappé again to double the tally at the end of a sharp counterattack, with the France forward firing the ball into the far corner after being set up by Di Maria for his ninth league goal of the season.

PSG fullback Juan Bernat suffered a thigh injury and was replaced in the 51st minute by Thilo Kehrer.

Lionel Messi had an opportunity to wrap it up in the 71st minute but the Argentine’s crossed shot went just wide.

Ten minutes from time, he had a chance again but his chip was also off target in a relatively disappointing performance by the former Barcelona player.

Monaco had a couple of chances to reduce the arrears but PSG stayed composed to get their first win in three Ligue 1 matches after two draws. — Reuters

Jason Kokrak, Kevin Na complete comeback to win QBE Shootout

Jason Kokrak and Kevin Na teamed up to overcome a three-stroke deficit on Sunday and win the QBE Shootout at Tiburon Golf Club in Naples, FL.

“I think it’s just a little bit of confidence going a long way for a pro golfer,” Kokrak said. “We have a fickle mind and I think if you get a little confidence, goes a long way.”

The duo recorded a 12-under 60 to tie the tournament record in the four-ball format, finishing 33 under for the event.

Only the final day of competition featured a four-ball format, which involves each golfer playing his or her own ball throughout play. The lower score from the team of two golfers is recorded as the score for that hole.

Nine straight birdies on Nos. 6 through 14, the first seven coming from Na, were the difference for the winning team.

“I started making some putts and hit some really good shots in there and it was just one after another after another and I just kept going,” Na said. “That chip-in on 9 was huge. I think that was a tough hole to birdie and for me to chip it in, I felt like we really gained one there. I think I made seven in a row and the eighth one I was in there close and he finally made one. On the back nine, he told me — I said, ‘Hey, when are you going to show up?’ He said, ‘I’ll be there when you really need me,’ and he really showed up when I needed him.”

The team’s 183 total was a stroke short of the 33-year-old event’s record for 54 holes, set by Fred Couples and Raymond Floyd in 1990 and matched by Matt Kuchar and Harris English in 2013.

Sam Burns and Billy Horschel scored a 61 on Sunday to finish a stroke back in second place.

“It was a fun day out there, we played really well and it just sucks to come up one short, that’s all,” Horschel said.

Australians Jason Day and Marc Leishman, who led the first two days, struggled with a final-day 65, pushing them down into a third-place tie with Kuchar and English (31 under), two shots behind the winners.

Tied for fifth place were two teams: Canada’s Corey Conners and Northern Ireland’s Graeme McDowell, and Max Homa and Kevin Kisner (28 under).

LPGA golfer Lexi Thompson, paired with Bubba Watson, managed a ninth-place finish (23 under). — Reuters

Peso climbs vs dollar

BW FILE PHOTO

THE PESO strengthened versus the greenback on Monday as US inflation fell within expectations and bets that the Philippine central bank would keep rates steady at its policy review this week.

The local unit closed at P50.32 per dollar on Monday, gaining three centavos from its P50.35 finish on Friday, data from the Bankers Association of the Philippines showed.

The peso opened Monday’s session at P50.28 versus the dollar, which was also its intraday best for the day. Meanwhile, its weakest showing was at P50.37 against the greenback.

Dollars exchanged declined to $658.1 million on Monday from $696.3 million on Friday.

The peso appreciated on Monday as US inflation was within market expectations, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

Data released by the US Labor department showed the consumer price index rose by 6.8% year on year, which was the biggest increase since 1982. This was in line with the forecast of analysts in a Reuters poll.

Meanwhile, a trader in an e-mail said the peso strengthened due to market expectations that the Bangko Sentral ng Pilipinas would maintain its accommodative policy stance at its meeting on Thursday.

All 15 analysts polled by BusinessWorld last week unanimously expect the Monetary Board to keep rates steady to support the economy amid a looming threat from the Omicron variant of the coronavirus disease 2019.

For Tuesday, Mr. Ricafort gave a forecast range of P50.20 to P50.40 per dollar, while the trader expects the local unit to move within P50.20 to P50.45. — LWTN with Reuters

PHL shares inch up ahead of central bank reviews

REUTERS

STOCKS inched higher on Monday as investors stayed on the sidelines ahead of the Bangko Sentral ng Pilipinas’ (BSP) and US Federal Reserve’s policy meeting this week.

The 30-member Philippine Stock Exchange index (PSEi) gained 5.44 points or 0.07% to end at 7,197.61 on Monday. The broader all shares index also rose 2.36 points or 0.06% to 3,832.79.

“Philippine shares started the week quietly as market participants are awaiting the BSP’s Monetary Board which will be meeting on the 16th,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.

All 15 analysts in a BusinessWorld poll held last week expect the Monetary Board to keep interest rates steady at its last policy review for the year. The BSP has not adjusted its policy settings since November 2020.

Meanwhile, Papa Securities Corp. Equity Trader Manny P. Cruz said investors are also waiting for the Fed’s policy meeting on Dec. 14-15.

“This could set the tone for the hike in US interest rates by second quarter of 2022 that could put pressure on local stocks,” Mr. Cruz said in a Viber message.

Fed Chairman Jerome H. Powell and other central bank officials have said they will be assessing the need to speed up the tapering of their asset purchases to conclude it within a few months. Some officials have also floated the possibility of raising interest rates by 2022.

Back home, sectoral indices were mixed on Monday. Financials climbed 16.99 points or 1.06% to 1,607.46; property went up by 34.24 points or 1.05% to end at 3,268.14; and mining and oil increased by 63.18 points or 0.68% to 9,259.63.

On the other hand, services dropped 9.95 points or 0.49% to 1,984.02; holding firms slid 30.65 points or 0.44% to 6,938.03; and industrials went down 23.03 points or 0.22% to 10,374.92.

Value turnover decreased to P6.66 billion with 1.64 billion shares traded on Monday from the P15.53 billion with 3.57 billion issues that switched hands on Friday.

Decliners narrowly outnumbered advancers, 96 against 93, while 57 closed unchanged.

Foreigners turned buyers on Monday, logging P60.07 million in net purchases versus the P9.57 billion in net outflows recorded on Friday.

Papa Securities’ Mr. Cruz put the PSEi’s resistance at 7,270 and support at 7,000.

“Meanwhile, 6,940 seems to be the closest support area to watch, while the 7,450 level may be considered the nearest resistance to observe,” Timson Securities, Inc. Trader Darren Blaine T. Pangan said in a Viber message.

Asian stocks also pushed ahead on Monday with investors wagering markets can weather whatever comes from a host of central bank meetings this week, including the likely early end to US policy stimulus, Reuters reported.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.3%, after bouncing 1.7% last week. — M.C. Lucenio with Reuters

As Myanmar unions demand sanctions, garment workers fear for their jobs

Image via IndustriALL Global Union/Flickr/CC BY-NC-ND 2.0

At a garment factory on the outskirts of Myanmar’s biggest city, Zin Mar Htun has been working through the night — doing unpaid overtime in a desperate attempt to keep her job.  

Myanmar’s clothing factories have cut more than 250,000 jobs since the military seized power in a Feb. 1 coup, unleashing economic turmoil and triggering sanctions against the ruling generals that anti-junta protesters want to see extended.  

Trade unions, which have been at the fore of protests since the coup, are urging foreign fashion firms and governments to sever trade ties to pressure the military, though many low-paid garment workers like Zin Mar Htun fear they would pay the price.  

“It is possible to live and eat only because there are factories,” Zin Mar Htun told the Thomson Reuters Foundation during a rare day off from sewing clothes at a plant that supplies European fashion labels.  

“Without this job, I would become a beggar. I know nothing but sewing,” she said, adding that her monthly salary had dropped to 180,000 kyat, about $100, since bosses stopped paying for overtime.  

A survey of 400 workers — 290 from garment and shoe factories, some of them already unemployed — found 97% did not support the unions’ campaign for broader sanctions, according to the Workers’ Solidarity League of Burma, a nonprofit.  

Heeding the demands of unions and rights groups for tougher action, the European Parliament called in October for a swift review of EU trade benefits that helped Myanmar’s garment exports skyrocket over the last decade.  

Aided by the bloc’s Everything But Arms (EBA) trade scheme, which allows tax-free exports from developing countries, the sector made up 30% of all exports in 2019, worth $6.5 billion, and up from less than $1 billion in 2011, U.N. data shows.  

Critics say EBA status, which is granted to countries committed to protecting human rights, no longer applies to Myanmar following the death of an estimated 1,200 civilians since Feb. 1 and worsening labour conditions.  

“The coup reversed the progress made during the democratization process, thereby undermining the conditions for granting EBA references,” the EU Parliament said in an Oct. 7 resolution.  

RIGHTS ROLLBACK 
Before the military deposed Nobel Laureate Aung San Suu Kyi, who was jailed last week on charges of incitement and breaching coronavirus rules, Myanmar’s garment factories employed some 700,000 people — mostly young women supporting rural families.  

Since the coup, union leaders from the sector have used established networks to mobilize workers in strikes and protests.  

In a sector already reeling from the coronavirus pandemic, factory zones have been placed under martial law and attacked by arsonists, and unionists have been targeted as 10 years of hard-won labor rights are rolled back, labor campaigners said.  

More than 250,000 jobs were lost in the first half of 2021 and hours were slashed by more than half for those who remained, according to the UN’s labor agency, the International Labour Organization (ILO).  

In the economic and political chaos, the interests of some factory bosses and the military have aligned, campaigners said, citing reports of them collaborating to root out union leaders and other organizers.  

“[Workers are] being dragged out of their homes in the middle of the night to be arrested and those in military or police custody are being brutally tortured even to the point of death,” global union IndustriALL wrote to the European Commission.  

The military junta could not immediately be reached for comment.  

The Geneva-based union federation has also backed a campaign by more than 180 Myanmar unions and civil society groups for foreign governments and companies to cut all economic ties with the country.  

One of the campaign’s leaders, Khaing Zar Aung, president of the Industrial Workers Federation of Myanmar, said the potential for mass job losses was outweighed by the millions of people who were already “starving” due to the coup’s economic impact.  

In April, the United Nations warned that up to 12 million people could be pushed into poverty by 2022 — levels not seen since 2005 — with Myanmar “on the brink of economic collapse.”  

Khaing Zar Aung, also a central committee member of the Confederation of Trade Unions Myanmar, which she said voted unanimously in support of sanctions, dismissed the survey of 400 workers who were almost all against the measures.  

“I can get 4,000 or 40,000 signatures of workers who agreed,” she said by phone from Germany, outlining plans to collect donations to support those put out of work if tougher sanctions come into force.  

“We are doing what we believe.”  

‘RACE TO THE BOTTOM’ 
But critics say deeper economic sanctions could do irreversible damage to the sector and put workers at further risk.  

Fashion labels that have helped drive improvements in labor conditions would likely be among the first to pull out, said Richard Horsey, a former ILO representative in Myanmar.  

“Those brands that have higher standards would be stripped out of the market and it would become a race to the bottom,” he said.  

Producers with less concern for labour rights would likely fill the vacuum, as Western labels shift production to competitors such as China, Cambodia or Bangladesh — a potential death knell for the industry, he said.  

European labels H&M, Marks & Spencer, and Primark said they were committed to Myanmar workers, as the Ethical Trade Initiative, a Britain-based supply chain watchdog, conducts an assessment of current conditions in the country.  

The report is due to be completed early next year.  

“In the meantime, we remain committed to all orders and our current suppliers,” a Primark spokesperson said.  

At the Roo Win factory in Yangon, which also supplies European fashion labels, lunch breaks have been slashed to 15 minutes, said Nyo Nyo Tan, a machine operator.  

Staff are threatened and harassed if they fail to meet rising production targets, and union leaders and other dissenters had been fired by factory bosses, she added.  

But she said working under deteriorating conditions was better than not working at all.  

“We rely on [business from] other countries,” she said, adding that she was not aware of the sanctions campaign. “I would like to request that brands do not leave.” — Matt Blomberg/Thomson Reuters Foundation 

South Korea to test AI-powered facial recognition to track COVID-19 cases

UNSPLASH

SEOUL — South Korea will soon roll out a pilot project to use artificial intelligence (AI), facial recognition, and thousands of CCTV cameras to track the movement of people infected with the coronavirus, despite concerns about the invasion of privacy.  

The nationally funded project in Bucheon, one of the country’s most densely populated cities on the outskirts of Seoul, is due to become operational in January, a city official told Reuters.  

The system uses an AI algorithms and facial recognition technology to analyze footage gathered by more than 10,820 CCTV cameras and track an infected person’s movements, anyone they had close contact with, and whether they were wearing a mask, according to a 110-page business plan from the city submitted to the Ministry of Science and ICT (Information and Communications Technology), and provided to Reuters by a parliamentary lawmaker critical of the project.  

Governments around the world have turned to new technologies and expanded legal powers to try to stem the tide of coronavirus disease 2019 (COVID-19) infections. China, Russia, India, Poland, and Japan, as well as several US states are among the governments to have rolled out or at least experimented with facial recognition systems for tracking COVID-19 patients, according to a March report by Columbia Law School in New York.  

The Bucheon official said the system should reduce the strain on overworked tracing teams in a city with a population of more than 800,000 people, and help use the teams more efficiently and accurately.  

South Korea already has an aggressive, high-tech contact tracing system that harvests credit card records, cellphone location data and CCTV footage, among other personal information.  

It still relies, however, on a large number of epidemiological investigators, who often have to work 24-hour shifts, frantically tracing and contacting potential coronavirus cases.  

In bidding for national funding for the pilot project in late 2020, Bucheon mayor Jang Deog-cheon argued that such a system would make tracing faster.  

“It sometimes takes hours to analyze a single CCTV footage. Using visual recognition technology will enable that analysis in an instant,” he said on Twitter.  

The system is also designed to overcome the fact that tracing teams have to rely heavily on the testimony of COVID-19 patients, who aren’t always truthful about their activities and whereabouts, the plan said.  

The Ministry of Science and ICT said it has no current plans to expand the project to the national level. It said the purpose of the system was to digitize some of the manual labour that contact tracers currently have to carry out.  

The Bucheon system can simultaneously track up to 10 people in five to ten minutes, cutting the time spent on manual work that takes around half an hour to one hour to trace one person, the plan said.  

The pilot plans call for a team of about ten staff at one public health centre to use the AI-powered recognition system, the official said.  

Bucheon received 1.6 billion won ($1.36 million) from the Ministry of Science and ICT and injected 500 million won of the city budget into the project to build the system, the Bucheon official said.  

‘BIG BROTHER’ 
While there has been wide public support for existing invasive track and trace methods, human rights advocates and some South Korean lawmakers have expressed concerns that the government will retain and harness such data far beyond the needs of the pandemic.  

“The government’s plan to become a Big Brother on the pretext of COVID is a neo-totalitarian idea,” Park Dae-chul, a lawmaker from the main opposition People Power Party, told Reuters.  

“It is absolutely wrong to monitor and control the public via CCTV using taxpayers’ money and without the consent from the public,” said Mr. Park, who provided the city plan to Reuters.  

The Bucheon official said there are no privacy concerns because the system places a mosaic over the faces of anyone who is not a subject.  

“There is no privacy issue here as the system traces the confirmed patient based on the Infectious Disease Control and Prevention Act,” the official told Reuters. “Contact tracers stick to that rule so there is no risk of data spill or invasion of privacy.”  

Rules say patients must give their consent for the facial recognition tracking to be used, but even if they don’t consent, the system can still track them using their silhouette and clothes, the official said.  

The Korea Disease Control and Prevention Agency (KDCA) said the use of such technology is lawful as long as it is used within the realm of the disease control and prevention law.  

The plans for AI-powered facial recognition sweeps comes as the country experiments with other uses of the controversial technology, from detecting child abuse at day cares to providing police protection. — Sangmi Cha/Reuters

Horse racing idols app injects new life into Japan mobile gaming market 

TOKYO — When an aging racehorse, Makahiki, broke records by winning his first race in five years in Kyoto in early October, Japanese social media was flooded with comments from an unlikely group of racing enthusiasts: gamers.  

The online outpouring was the latest sign of boundary-spanning for Uma Musume Pretty Derby, the Japanese mobile gaming industry’s first runaway hit in a decade. The game has found a niche by bridging the historically disparate subcultures of horse racing and women pop stars known as “idols.”  

Players train and race female characters dressed in school- and military-inspired costumes, with the addition of horse ears and tails. Race winners perform a pop concert.  

The results have been unequivocally spectacular: since it was released in February, the game has generated hundreds of millions of dollars for its creator, Cygames, and the developer’s parent, online ad agency CyberAgent, making it one of the world’s top-grossing mobile games despite its Japan-only release. At times its user base has rivalled megahits such as Tencent’s Honor of Kings 

“I was planning to buy a car but figured I don’t really need one and, since I have savings, why not put all my effort into Uma Musume?” said Daiki Minakawa, 25, a software engineer who has spent more than 2 million yen ($18,000) in-game. “I can’t buy a car anymore but I don’t have any regrets.”  

The breakout success of Uma Musume — which translates to “horse girls” — is a shot in the arm for Japan developers, whose mobile market share has been eroded by an influx of increasingly polished Chinese titles.  

Gacha, a common mechanic in Japanese titles in which real-world money is used to win special items and power-up characters, is what has made the game so lucrative.  

Although Uma Musume is free, many users spend on gacha — similar to “loot boxes” in Western games — to collect characters and advance.  

Yohei Tatsumi, 36, a labor and social security attorney, plays in moments of down time and spends 10,000 yen–20,000 yen monthly on the title.  

“I have no plans to stop,” he said.  

LED BY GAMERS 
Cygames’ assault on gamers’ wallets began with the 2018 launch of an Uma Musume animated show, which quickly became a hit.  

When the game arrived in 2021, industry observers said it was unusually polished for a free-to-play mobile title.  

“A lot of leaders in mobile game companies have no connection to the game industry,” said Serkan Toto, founder of the Kantan Games consultancy. “It’s different with Cygames; this company is led by gamers.”  

Cygames and CyberAgent declined interview requests.  

The success is all the more notable as gaming firms such as DeNA and Nintendo, which both have stakes in Cygames, have struggled to launch mobile hits.  

Japan’s mobile market is dominated by three aging titles: Mixi’s Monster Strike, GungHo’s Puzzle & Dragons and Fate/Grand Order from Sony’s music division.  

Gamers say that Uma Musume is pulling them, and their spending, away from those products.  

Profit at the gaming unit of CyberAgent tripled to 96.4 billion yen ($840 million) in the year ended September, although it slipped in the fourth quarter.  

The firm declined to make a forecast for the financial year, citing uncertainty over gaming performance.  

But the game continues to spill over into the real world, with voice artists from the show this month performing at a Tokyo racetrack in costume, with horses running behind them.  

High-spending users say they remain committed.  

“I’m doing gacha with love. It’s for love. I’m saying ‘thank you’ to Cygames for giving birth to Uma Musume,” Minakawa Said. — Sam Nussey/Reuters  

Shopee sale sees 13-times increase in items sold in opening hours

UNSPLASH

Promos, influencers drive online sales 

Filipinos love a good deal, based on trends from Shopee’s 12.12 Christmas sale, which saw over 14 million vouchers claimed within the first two hours. The Southeast Asian e-commerce platform also saw an increase of more than 13 times in items sold within the same time window, as compared to an average day.  

“I prefer online shopping for items that I know I can get discounts from if I buy from websites or e-commerce stores,” said Vanya P. Tantoco, owner of digital agency Z Digital Studios, in an e-mail to BusinessWorld. “Shopping online makes the selection process easier. It also makes me decide a lot faster.”   

According to Shopee, the most popular categories in its 12.12 Christmas sale this year are health and personal care; women’s apparel; and home and living.  

ONLINE FOR GIFTS
Meanwhile, theAsianparent, a community platform of parents across Asia, found in an October survey that shopping online is the fourth top activity of the season among this market segment at 61%, three points above visiting friends and family at their home (58%).  

A majority of Filipina mothers (84%) choose the brands for the household, pointed out Malena Gong, regional head of insights at theAsianparent, in a press statement.  

“Combine this with the cultural phenomenon of a long holiday season, and you’ve got an extended period of traditionally higher spending, concentrated on one key demographic: moms,” she said.  

Six out of 10 mothers intend to purchase more than 10 holiday gifts, theAsianparent’s aforementioned survey found, with budgets ranging from P7,073 to P12,015.  

“I usually start shopping little by little starting in November,” said Ms. Tantoco, also a Filipina mother of three.  

TheAsianparent said the top factor that influences shopping decisions are promos on e-commerce platforms (74%) and brick-and-mortar retail stores (69%).  

In a Facebook message, Kathlene Orit-Lopez, a Filipina mother of one and a property sales manager of a real estate firm, told BusinessWorld that she buys online “mainly because of the special promos or discounts.” 

OFFLINE FOR MILK
For daily necessities such as formula milk, on the other hand, theAsianparent found that offline prevails.   

Mothers in the Philippines buy formula milk once every two weeks with an average of six packs a month — at par with Indonesia and Thailand, a separate, region-wide survey by theAsianparent found. Forty-six percent of Filipino mothers buy at a grocery; 27% at a pharmacy.  

While offline shopping is relevant to all five of the Southeast Asian countries in the aforementioned survey, Shopee and Lazada emerged as the top shopping platforms for those who do choose to shop for formula milk online.  

“Our community of mothers have intimated to us that they prefer cash on delivery more than credit cards or virtual wallets, not necessarily because they prefer to pay in cash, but so they can personally check the parcel before handing over their hard-earned cash,” said Frances H. Ang, theAsianparent’s general manager in the Philippines, in an e-mail. 

MOM-FLUENCERS 
As with the holiday shopping survey, more than 40% of mothers in every country that was asked in the consumer milk survey also follow mom influencers for baby-related products.  

In the Philippines, influencers include Dette M. Zulueta, the founder of online community Millennial Moms; Ginger P. Arboleda, co-founder of tax filing platform Taxumo; celebrity mother Princess Velasco; and Gracie M. Maulion, the blogger behind Tipid (or Thrifty) Mommy, according to theAsianparent’s Ms. Ang. 

“Our community of moms at theAsianparent are inspired by the everyday mom who’s not afraid to share her everyday woes and wins,” she added. “Moms who elevate moms are the most inspiring ones.” — Patricia B. Mirasol 

UK’s Johnson warns of Omicron ‘tidal wave,’ says two doses not enough

REUTERS

LONDON — Britain faces a “tidal wave” of the Omicron variant of coronavirus and two vaccine doses will not be enough to contain it, Prime Minister Boris Johnson warned on Sunday, as he accelerated the booster rollout program.  

Speaking hours after government scientists lifted the coronavirus disease 2019 (COVID-19) alert level to 4 on a 5-point scale, Mr. Johnson said the booster program must go faster because scientists did not yet know if Omicron was less severe than other variants.  

“A tidal wave of Omicron is coming,” Mr. Johnson said in a televised statement on Sunday evening. “And I’m afraid it is now clear that two doses of vaccine are simply not enough to give the level of protection we all need.”  

Mr. Johnson added that with Omicron known to be much more transmissible than other variants, the National Health Service would struggle to cope with hospitalizations if the variant were to tear through an un-boosted population.  

“Everyone eligible aged 18 and over in England will have the chance to get their booster before the New Year,” Mr. Johnson said.  

Data released on Friday showed that vaccine efficacy against symptomatic infection was substantially reduced against Omicron with just two doses, but a third dose boosted protection up to over 70%.  

In order to hit the accelerated rollout target, military planning teams will be brought in and new vaccine sites opened.  

PLAN B  

Mr. Johnson has responded to the emergence of Omicron by introducing a “Plan B” in England, ordering people to work from home, wear masks in public places, and use vaccine passes to slow the rate of infections.  

However many of Mr. Johnson’s own Conservative Party lawmakers are set to vote against these measures in parliament on Tuesday, and Mr. Johnson said there were no plans for further restrictions as cases soar.  

The seven-day average of COVID cases by date reported has risen in recent days above 50,000 — the highest since the January peak during the last wave of the pandemic.  

With 146,439 fatalities recorded within 28 days of a positive COVID-19 test as of Sunday, Britain has Europe’s highest death toll from the virus.  

While that damaged the government’s reputation in the depths of the pandemic, officials have been praised for rolling out one of the fastest vaccine programs, which helped to contain daily death figures.  

In recent weeks however questions have once again emerged over Mr. Johnson’s future after a series of scandals, the most damaging being reports that parties were held at Downing Street during a 2020 Christmas lockdown when such festivities were banned.  

A Survation poll for the Daily Mirror newspaper published on Sunday found that 77% of Britons said they were less likely to follow COVID rules if government officials had broken them. — Andy Bruce and Kate Holton/Reuters 

Companies rush to fix software exploit after US warning

Major global companies are facing pressure to fix what experts are calling one of the most serious software flaws in recent memory.

The flaw in the Log4j software could allow hackers unfettered access to computer systems and has prompted an urgent warning by the U.S. government’s cybersecurity agency.

Microsoft Corp. and Cisco Inc. have published advisories about the flaw, and software developers released a fix late last week. But a solution depends on thousands of companies putting the fix in place before it is exploited.

“This is probably the worst security vulnerability in at least the last 10 years — maybe longer,” said Charles Carmakal, the chief technology officer for cybersecurity firm Mandiant Inc. He said Mandiant received requests from several major companies in the last few days for help.

Alibaba Group’s cloud-security team recently discovered the flaw, according to the nonprofit Apache Software Foundation, which maintains Log4j.

The vulnerability effectively allows hackers to take control of a system. Because the faulty computer code is baked into software of all sorts, updating it is a painstaking process.

“To be clear, this vulnerability poses a severe risk,” Jen Easterly, director of the U.S. Cybersecurity and Infrastructure Security Agency, said in a statement Friday. Vendors “must immediately identify, mitigate, and patch the wide array of products using this software,” she said.

VMWare Inc., which makes computer-virtualization software, said Thursday that several of its products were likely affected by the Java-based Log4j.

Amit Yoran, the CEO of Tenable Inc., which makes widely used vulnerability-scanning software, said the Log4j flaw is so ubiquitous that, among customers running Tenable’s scanning products, at least three systems a second are reporting they’re affected.

“We are taking urgent action to drive mitigation of this vulnerability and detect any associated threat activity,” Easterly said, adding that CISA has cataloged the vulnerability — requiring U.S. federal civilian agencies to fix it promptly. As of Saturday, the agency hasn’t identified compromises in federal systems. — Bloomberg

Russia leads the world in hypersonic missiles tech, Putin says

RUSSIAN President Vladimir Putin. — REUTERS

MOSCOW — Russia is the global leader in hypersonic missiles and, by the time other countries catch up, is likely to have developed technology to counteract these new weapons, President Vladimir Putin said.  

Russia and the United States have an approximate parity when it comes to the number of warheads and their carriers, Mr. Putin said in comments aired on Sunday as part of a documentary film called Russia. New History.  

“But in our advanced developments, we are definitely the leaders,” Mr. Putin said, adding that Russia is also No. 1 in the world by the scale of upgrades of its traditional weapons.  

The president said that in the future, other world powers would possess similar hypersonic weapon technology.  

“When they get this weapon, it is highly likely we will have means to fight this weapon.”  

Mr. Putin said last month that tests of Russia’s Zircon hypersonic cruise missile are nearing completion and deliveries to the navy will begin in 2022.  

Some Western experts have questioned how advanced Russia’s new generation of weapons is, while recognizing that the combination of speed, maneuverability and altitude of hypersonic missiles makes them difficult to track and intercept.  

They travel at more than five times the speed of sound in the upper atmosphere, or about 6,200 km per hour (3,850 mph). This is slower than an intercontinental ballistic missile, but the shape of a hypersonic glide vehicle allows it to maneuver toward a target or away from defenses.  

Moscow’s military spending is much lower than that of Washington. Russia channeled $62 billion on military expenditures in 2020 versus $778 billion spent by the United States, according to the World Bank data.  

US Air Force Secretary Frank Kendall told Reuters last month that the United States and China were engaged in an arms race to develop the most lethal hypersonic weapons.  

In October, the top US military officer, General Mark Milley, confirmed a Chinese hypersonic weapons test that military experts say appears to show Beijing’s pursuit of an Earth-orbiting system designed to evade American missile defenses.  

Mr. Putin spoke about Russia’s military power in the same documentary film where he lamented the collapse of the Soviet Union three decades ago as the demise of what he called “historical Russia.” — Reuters

SM steps up recovery efforts

With the pandemic, industries have shifted from ‘business as usual’ to ‘business unusual’, operating under several constraints yet finding ways to innovate, adapt and push towards critical recovery.

Corporations like SM Investments Corporation (SM Investments) have helped boost national recovery by ensuring essential support to the health sector as well as businesses within and beyond its ecosystem.

With the rollout of vaccination in the first quarter of 2021, SM offered its facilities as vaccination sites across the country to aid local government units (LGUs) to inoculate their respective communities safely.

SM Supermalls has supported the vaccination program of various local governments with over 6 million doses of the COVID-19 vaccine administered in 71 malls around the country to date.

In the recent national vaccination drive, dubbed as the ‘Bayanihan Bakunahan,’ a massive three-day vaccination event launched by the Philippine government to curb infection rates, the SM group actively supported the campaign by making 66 SM malls readily available as venues for the program that aimed to administer 9 million jabs to Filipinos nationwide.

Closer to home, about 130,000 SM employees have been vaccinated to date as the company continues to push for enhanced health and protection among its people.

“It is a main focal point of the company to provide the necessary care to our employees and extend this to the communities in hopes of an accelerated recovery,” said SM Investments President and Chief Executive Officer Frederic C. DyBuncio.

Beyond vaccination efforts, SM continued to support business continuity of Micro, Small and Medium Enterprises (MSMEs).

Through the SM StartUp Package, SM is offering start-up packages to MSMEs to boost their initial entry into the market.

These include start-up friendly rental rates and use of kiosks or carts free of charge; marketing assistance to give the brand free exposure in SM online assets and ad spaces inside malls; financial assistance with BDO Unibank; and mentorship from SM experts on operations and marketing.

This is available to the first 100 digital-based MSME owners who currently don’t have a shop inside SM or any other physical store in general. The StartUp Markets will be situated in prime mall locations within 13 regional and premier malls in major cities: SM North Edsa, SM Megamall, SM Mall of Asia, SM Southmall, SM Pampanga, SM Clark, SM Grand Central, SM Sta. Rosa, SM City Cebu, SM Iloilo, SM Bacolod, SM CDO Downtown Premier, and SM Lanang Premier.

For its part, 2GO Group, Inc. provided key services in strong support of the local economy by ensuring the unhindered flow of essential and fast-moving consumer goods, pharmaceutical and farm products, food, finished goods, raw materials and liquid bulk between Luzon, Visayas and Mindanao. It expanded its port coverage and trip frequency to increase regional connections and service underserved areas.

Airspeed, a part of SM Investments’ portfolio investments, was the only forwarder at the start of the lockdowns who was able to secure chartered flights to serve essential industries such as pharmaceuticals and food.

Retail operations through food, non-food and pharmaceuticals stores created safe working environments for customers. These stores remained open throughout the pandemic, ensuring customers had ongoing access to essential goods.

Moving Stronger to 2022

SM Investments’ chief executive reiterated the importance of adaptation and innovation as in the case of SM, it found ways to conduct business by combining both its physical and digital strengths to better serve the public.

“We’ve seen the varying approach of different industries during this time of the pandemic. Its impact on our industry has led to fast-track our foray into e-commerce to be a fully serviceable and viable channel of delivering goods and services to both our production partners and, of course, to our customers,” said Mr. DyBuncio.

SM likewise has underscored the need to future proof its operations in 2022 and the coming years forward.

One such innovation was “Call to Deliver”, SM Store’s hybrid shopping service available through #143SM, Facebook Messenger and Viber that allows customers to chat with store personal shoppers and have their items delivered right at their doorstep or picked up in-store for a personalized and safe approach.

SM Markets for its part also enhanced SM Markets Online, its one-stop shopping platform that showcases all basic necessities as well as select premium or specialty items.

SM Supermalls launched SM Malls Online Mobile App, its online shopping app for shoppers who want to buy from their trusted mall brands, favorite restaurants or even authentic gadgets from Cyberzone in one delivery or pickup from preferred SM malls. The SM Malls Online App is currently available in SM Megamall, North EDSA, Mall of Asia, Fairview, Southmall & Aura Premier with more malls to come in 2022.

Through BDO’s Cash-Agad program, SM helped micro-businesses in far flung areas with cash withdrawal enabled through the Point-of-Sale terminals of the bank’s many partners.

“Many MSMEs bore the brunt of the pandemic. And as close partners to several of these enterprises, it’s imperative that we pay it forward and support the backbone of our economy,” he said.

 


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