Auto Sales
VEHICLE SALES in June jumped 45% compared with the same month last year as the auto industry continues to grapple with the impact of the pandemic. Read the full story.
VEHICLE SALES in June jumped 45% compared with the same month last year as the auto industry continues to grapple with the impact of the pandemic. Read the full story.
THE PESO rebounded versus the greenback on Tuesday on positive remittances data and expectations for slower inflation in the United States.
The local unit closed at P50 per dollar, gaining 12 centavos from its P50.12 finish on Monday, based on data from the Bankers Association of the Philippines.
The peso opened the session at P50.30 versus dollar, which was already its weakest showing for the day. Meanwhile, its intraday best was at P49.95 versus the greenback.
Dollars exchanged rose to $801.5 million on Tuesday from $664.2 million on Monday.
The peso’s appreciation on Tuesday was backed by data showing continued growth in cash remittances, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said.
Cash remittances rose by 13.1% to $2.382 billion in May from $2.106 billion in the same month last year, the Bangko Sentral ng Pilipinas reported on Tuesday. Inflows for the first five months rose by 6.3% to $12.28 billion from $11.554 billion in the same period of 2020.
The central bank attributed the growth in cash remittances in the five-month period to higher inflows from the US, Malaysia, South Korea, Singapore, and Canada.
Meanwhile, a trader said the peso strengthened amid risk-on sentiment due to expectations of slower US inflation data.
The US consumer price index for June will be reported by the Labor department on Tuesday. It rose by 0.5% in May.
For Wednesday, Mr. Ricafort gave a forecast range of P49.85 to P50.10 per dollar, while the trader expects the local unit to move within the P49.90 to P50.10 band against the greenback. — L.W.T. Noble
STOCKS closed in the red on Tuesday after global debt watcher Fitch Ratings downgraded its outlook for the country.
The Philippine Stock Exchange index (PSEi) declined by 118.74 points or 1.71% to close at 6,795.13 on Tuesday, while the all shares index went down by 54.26 points or 1.27% to end at 4,215.76.
“The market gave up all its gains from the previous session which is proof that investors are anxious at current price levels,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.
“This could have been a ripple effect of Fitch lowering the credit rating of the Philippines, and of fears that other credit rating agencies may do something similar,” COL Financial Group, Inc. Chief Technical Analyst Juanis G. Barredo said in a Viber message.
“A lower credit rating is expected to adversely affect our borrowing cost which is not welcome amid challenging times and a struggling economy,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a Viber message.
Fitch on Monday maintained its investment grade “BBB” credit rating for the Philippines but revised its outlook to “negative” from “stable,” citing the impact of the prolonged coronavirus pandemic.
The “negative” outlook means Fitch may downgrade the Philippines’ credit rating if it reverses reforms or departs from the prudent macroeconomic policy framework that leads to continued higher fiscal deficits. A weaker macroeconomic outlook over the medium term and “diminishing policy credibility” may also lead to a downgrade.
All sectoral indices closed in the red on Tuesday. Property shed 75.11 points or 2.25% to 3,250.84; holding firms lost 139.75 points or 2.01% to 6,811.72; financials went down by 23.15 points or 1.55% to close at 1,464.36; mining and oil shaved off 126.05 points or 1.28% to 9,704.85; industrials declined by 88.61 points or 0.91% to 9,580.39; and services inched down by 0.65 point or 0.04% to finish at 1,615.78.
Value turnover went up to P5.78 billion with 1.89 billion issues traded on Tuesday, from the P4.84 billion with 2.09 billion shares that switched hands the previous day.
Decliners beat advancers, 125 versus 66, while 51 names closed unchanged.
Net foreign selling surged to P1.03 billion on Tuesday from P205.18 million on Monday.
“Sideways movement with a downward bias is expected [on Wednesday] as many investors remain on the sidelines waiting for the market to establish a strong support area,” Philstocks Financial’s Ms. Alviar said. “Traders are also on the lookout for the next quarantine guidelines after July 15.”
COL Financial Group’s Mr. Barredo added that the market could consolidate.
“It swung into a corrective phase six days ago after seeing a high of 7,064 and now moves to test its first support at around 6,770 to 6,750,” he said. “This support would then be followed by a more important demand zone at 6,670.” — Keren Concepcion G. Valmonte
THE NATIONAL Grid Corp. of the Philippines (NGCP) placed the Luzon grid on yellow alert Tuesday, citing the unavailability of over 1,500 megawatts (MW) due to four unplanned outages and reduced output at three plants.
When reserves fall below minimum levels, the system operator issues a yellow alert. The grid was under this status between 10 a.m. and 11 a.m., and 12 p.m. and 1:10 p.m.
In a Viber message to reporters early Tuesday, the NGCP said four-fired coal plants with a total capacity of 1,458 MW went on forced outage. These include the 460-MW plant run by Quezon Power Philippines Ltd.; Unit 1 of a plant operated by GNPower Mariveles Energy Center Ltd. Co. which took 316 MW off the grid; Unit 2 of the Sem-Calaca Power Corp. plant which removed 300 MW; and a unit of a coal-fired plant in Pagbilao, Quezon which took out 383 MW.
Meanwhile, it added that three plants were operating on de-rated or reduced capacity during this period, removing 64 MW from the Luzon grid. TeaM Energy Corp.’s Sual Unit 2 accounted for 57 MW, while units 1 and 3 of Southwest Luzon Power Generation Corp. plant were de-rated by 7 MW.
Early in the afternoon, NGCP lifted the grid’s yellow alert status due to “low actual system demand.”
When the grid’s reserves dipped below ideal levels Tuesday, distribution utility Manila Electric Co. (Meralco) said participants in the interruptible load program (ILP) expressed their willingness to voluntarily de-load from the grid.
“As of 1:00 p.m., 83 establishments or 52% from the total participants, with a load of 165.94 MW had committed to participate, if needed,” Meralco Vice-President and Head of Utility Economics Lawrence S. Fernandez told BusinessWorld.
The ILP was not activated, however, he said. “No participant was asked to de-load since the grid was not placed on red alert,” Mr. Fernandez added.
The ILP allows large power users with their own generating facilities to voluntarily not draw power from the grid when supply is tight. The Department of Energy works with distribution utilities and electric cooperatives to implement the program.
Asked to comment whether the yellow alert status could lead to higher power rates next month, Mr. Fernandez said it is still “too early to say.”
“This is the first yellow alert for the July supply month. In comparison, the preceding supply month was affected by three days of red alerts and one day of yellow alert,” he said.
Between May 31 and June 2, the Luzon grid was placed under a series of yellow and red alerts due to forced plant outages, thinning reserves and high temperatures.
Yellow alerts become red alerts if the supply-demand balance worsens, triggering rotating outages or brownouts. — Angelica Y. Yang
TRADE SECRETARY Ramon M. Lopez said that expenses related to the closure of businesses should be reduced following complaints from companies.
The process for closing businesses should also be overhauled, he told One News Tuesday.
The current process for companies officially closing shop include seeking clearances from local government units and the Bureau of Internal Revenue (BIR), and making payments if they are found to owe them.
“There should be a review. We have to revisit the procedure ng closure. Wala na nga, nagko-close ‘yung business, bankrupt na (It’s hard to impose these measures on businesses that have gone bust),” Mr. Lopez said.
The fees add to the expenses of closing businesses, he added, including payments to employees.
“We’ll have to discuss this with the BIR kasi alam ko doon maraming kailangang i-settle (that is the area that requires many things to be settled).”
Around 10% of surveyed businesses were not operating last month, according to the Department of Trade and Industry (DTI), based on a survey with 33,145 respondents.
The percentage of closed businesses fluctuates as restrictions are loosened or tightened. Around 16% of 24,087 businesses had closed operations in May.
Mr. Lopez had said that owners of companies that have stopped operating during the pandemic often switch to more profitable ventures.
Business name registrations at the DTI increased during the lockdowns. — Jenina P. Ibañez
THE REPRODUCTIVE health (RH)program helped reduce unplanned pregnancies, judging from the results of the latest census, National Economic and Development Authority Secretary Karl Kendrick T. Chua said.
“Right now what I can see from the initial data is there is progress in our reproductive health program: total fertility rate is falling, more women are more educated and are better managing their families, and the population growth is also falling,” he said in an online briefing Tuesday.
In its Census of Population and Housing for 2020, the Philippine Statistics Authority reported the population at 109.035 million last year. In 2015, the population was 100.98 million.
This was equivalent to a 1.63% annual growth rate in the past five years, slower than the 1.72% seen in 2010-2015 and the 1.9% rate in 2000-2010.
Mr. Chua said the census will have to be analyzed further along with other statistics for a more definitive assessment of the RH program.
Commission on Population and Development Executive Director Juan Antonio A. Perez III said participation in family planning programs more than doubled to 8.1 million last year from 3.9 million previously.
Mr. Perez said the commission remains on track to reduce unplanned pregnancies next year. He added that the target is for family planning services to reach 1.5 million women, and to bring down the fertility rate to 2-2.5% by 2022.
“We are hoping that with the inclusion of family planning as part of the country’s recovery program, resources can be put into the program for a more intensified implementation to cover the remaining 1.5 million within the next two years,” he said in an e-mail Tuesday.
“The addition of population and family planning workers by LGUs (local government units) will go a long way in increasing the effort which can be facilitated by the increased budgets for LGUs from the (Supreme Court) Mandanas ruling,” he added.
The government adopted the National Program on Population and Family Planning (NPPFP) in 2019 as a major component of the Republic Act 10354 or the Responsible Parenthood and Reproductive Health Law.
It aims to reduce unplanned and unwanted pregnancies by helping families plan the number of children they can support.
With an estimated budget of P10.435 billion between 2020 and 2022, the NPPFP aims to bring down fertility to the replacement rate of 2.1% — the average number of children per woman — by 2022, and increase the modern contraceptive prevalence rate to 65%.
“What is important is we are able to provide basic services to the people, to allow them to be healthy, so that they can finish school and get a good job, and improve the productivity of the country,” Mr. Chua added. — Beatrice M. Laforga
THE SUSTAINABILITY of the food system will depend largely on policy and investment reform as well as a focus on key crops and water management, a senior economic adviser to the Department of Agriculture (DA) said.
Fermin D. Adriano said during the first leg of the National Food Systems Dialogue Tuesday that the priorities should be rice, coconut, yellow corn, fisheries, sugar, vegetables and selected fruits, as well as water supply management.
Citing the Food and Agriculture Organization, Mr. Adriano said a sustainable food system “delivers food security and nutrition for all in a way that will not compromise the economic, social, and environmental bases to generate food security and nutrition for future generations.”
“Success in these crops and agenda will reduce poverty, nutrition will be vastly improved, resulting in a dramatic increase in the overall welfare not only of the rural folk but also ordinary Filipino consumers,” Mr. Adriano said.
“We should focus on implementing trigger policies or focus areas which have the greatest ripple effect on other subsectors of the economy,” he added.
Mr. Adriano said that reform for the rice subsector is already underway with Republic Act (RA) No. 11203 or the Rice Tariffication Law and should be sustained and defended amid claims that the law did not achieve its goals of lower rice prices and higher yields.
“Being the staple food of the Filipinos and (planted) to more than a fourth of the cultivable areas in the country, rice contributes a fifth of the gross value added (GVA) in Philippine agriculture. The Rice Tariffication Law must be sustained and defended,” Mr. Adriano said.
The law, signed in 2019, liberalized rice imports, which have to pay tariffs. It also created a Rice Competitiveness Enhancement Fund to help modernize the rice industry.
Mr. Adriano said reform for the coconut subsector will soon be implemented with the release of the coconut levy fund as authorized by RA 11524 or the Coconut Farmers and Industry Trust Fund Act.
“The poorest of the poor tillers are in this subsector and the crop is cultivated in around a fourth of the total farmlands in the country. However, its contribution to the agriculture GVA is only 4% during the last 10 years, thus resulting in widespread poverty among coconut farmers,” Mr. Adriano said.
Mr. Adriano said the development of yellow corn cannot be separated from the poultry, livestock, and fisheries subsectors since the crop is used as animal feed.
“Around 60% of the production cost of poultry, livestock, and fisheries (is accounted for by) feed. Without bringing down the cost of corn, production costs in the three subsectors will remain high and uncompetitive,” Mr. Adriano said.
Mr. Adriano said fisheries are be a cheap source of protein for consumers, while water supply management will ensure adequate quantities for agricultural production.
“The growing scarcity of fresh water will constrain agricultural activities and production. We should push for better water utilization, construction of water impounding facilities, and better waste governance systems,” Mr. Adriano said.
Mr. Adriano also pushed for initiatives in the sugar, vegetables, and fruits subsectors since these products can create jobs in the countryside and increase incomes.
“Sugar is used as an input for processed products, which can help generate more jobs in the countryside with the promotion of agricultural processing. Meanwhile, vegetable production does not require large farmlands to generate a decent income,” Mr. Adriano said.
The DA has set a 2.5% growth target for agriculture in 2021.
The Philippine Statistics Authority said in May that the value of production of the overall agriculture sector contracted 3.3% in the first quarter of 2021 with the livestock industry hit by the African Swine Fever outbreak. — Revin Mikhael D. Ochave
FARM CONSOLIDATION is expected to increase agricultural production by grouping together less efficient parcels of farmland into more efficient farms of commercial scale, according to the Department of Agrarian Reform (DAR).
Agrarian Reform Undersecretary Bernie F. Cruz said during a recent webinar organized by the Philippine Institute for Development Studies that while there is an ongoing initiative to divide up collective certificates of land ownership awards (CCLOAs), farmers can also opt for farm consolidation to boost production.
The parcelization of land titles is part of an ongoing DAR initiative to issue individual land titles to farmer beneficiaries who were awarded CCLOAs under the Comprehensive Agrarian Reform Program.
“There is a need to consider land consolidation for commercial production. Most of the lands distributed to farmers were haciendas that yield agricultural produce in large quantities. Hence, the individual distribution of these lands has (led to a breakdown in) commercial production,” Mr. Cruz said.
Mr. Cruz said ongoing initiatives are helping farmers participate in commercial production by improving market linkages and farmers’ competitiveness in the value chain while awaiting the parcelization of CCLOAs.
“DAR also coordinates with institutional partners that could assist in capital build up, management skills, and research and development,” Mr. Cruz said.
Galalan Agrarian Reform Beneficiaries Multipurpose Cooperative Chairman Marlon C. Talavera said agrarian reform beneficiary organizations (ARBOs) help farmers access credit and financial institutions.
However, Mr. Talavera said challenges faced by ARBOs include the lack of members qualified to lead the organization in the long run and the absence of mobile network towers, which hinders communication.
“The agriculture sector should involve science, business, and the arts in order to improve production, sustain operations, and modernize the industry. This is especially needed since our institutional market partners closed down their businesses due to the pandemic, thus affecting the demand for our produce,” Mr. Talavera said. — Revin Mikhael D. Ochave
GLOBAL VACCINATIONS of seafarers are going too slowly to prevent outbreaks on ships from causing more trade disruptions, endangering maritime workers and potentially slowing economies trying to pull out of pandemic slowdowns.
Infections on vessels could further harm already strained global supply chains, just as the US and Europe recover and companies start stocking up for Christmas. The shipping industry is sounding the alarm as infections increase and some ports continue to restrict access to seafarers from developing countries that supply the majority of maritime workers but can’t vaccinate them.
“It’s a perfect storm,” says Esben Poulsson, chairman of the International Chamber of Shipping that represents ship owners. “With this new Delta strain, there’s no doubt it’s setting us back and the situation is getting worse. Demand for products isn’t letting up, crew changes aren’t happening fast enough and governments continue to stick their heads in the sand.”
All signs now point to a worsening crisis on the oceans, just as the industry seemed to be emerging from months of port restrictions that hurt the ability of shipping firms to swap out crews and left hundreds of thousands stuck at sea for months. The risks were brought into focus by two recent events that interrupted essential ports and shipping routes.
In May, a sailor died and dozens of hospital workers in Indonesia were sickened with the Delta variant of COVID-19 after a ship with an infected Filipino crew docked. About the same time, global shipping was thrown into chaos after one of China’s busiest ports was shuttered for weeks because at least one dock worker was infected as part of a broader outbreak in Shenzhen.
Gard P&I, the biggest marine insurer among the industry’s more than dozen mutual liability associations, has seen a spike in claims for COVID-19 infections. There were more than 100 outbreaks monthly in April and May that struck vessels and offshore mobile units such as drilling platforms involving multiple sick seafarers in each case, according to Alice Amundsen, vice-president of people claims. During the peak of the pandemic in July-August 2020, Gard saw almost 80 outbreaks on vessels and offshore units that infected some 160 people, she said.
“It’s a little bit like a fire that is glowing and it could quickly turn into a firestorm again,” said Rene Piil Pedersen, managing director of AP Moller-Maersk A/S in Singapore. Even as more people get vaccinated, COVID will be around for years and there will still be outbreaks in ports and on ships, he said last month, calling on governments and industry to work together to protect seafarers and dock workers as essential employees supporting critical supply chains all over the world.
LIMITED VACCINATIONS
Despite efforts in the US and elsewhere to inoculate seafarers in ports, most are still largely dependent on their home countries for vaccinations, and more than half of the 1.6 million seafarers globally come from developing nations such as India, the Philippines or Indonesia, which are well behind most developed economies in vaccinations.
The lack of international coordination can be seen in the fact that there’s no estimate of how many seafarers have actually been vaccinated. That’s because there’s no one organization or company keeping track of the situation for all workers across various companies, ships and ports.
The International Chamber of Shipping estimates only 35,000-40,000 seafarers — or just 2.5% of the global pool — are vaccinated. However, more than 23,000 seafarers had been jabbed in the US with the help of various charities, and China’s Cosco Shipping Holdings Co. said last month that all seafarers who are onshore and are fit for vaccinations have been inoculated.
India has kicked off inoculation programs for its more than 200,000 seafarers, but Poulsson and ship managers, including Wilhelmsen Ship Management, say the drive needs momentum. As of May, roughly 14% of India’s seafarers had received a single dose of the vaccine, and 1% had received both doses, according to the Hindu Business Line, citing an industry estimate.
Many seafarers are having trouble procuring their second dose of vaccines since that is often left to the discretion of local clinics, according to Chirag Bahri, director of regions at International Seafarers’ Welfare and Assistance Network in India.
“The government’s put something on paper to say they’ve made seafarers essential workers, but they are not being prioritized for vaccinations,” Bahri said. “Without a second dose, they really can’t get on a ship.”
SHIPPERS BUY VACCINES
In the Philippines, several firms including Maersk have said they’re working with the government to procure shots for their workers. While seafarers get priority access, vaccines are in short supply, with several cities around the capital region of Manila halting vaccination programs in recent days as supplies ran out.
Even if shots were available at home, they’re no good for workers already aboard ships, some of whom many not finish contracts until next year. About 99% of Filipino seafarers are unvaccinated, said Gerardo Borromeo, the Manila-based vice-chair of the ICS, who estimates it will take a year to inoculate them all.
That’s bad news for the shipping industry — the Philippines supplies some 460,000 seafarers, or 25% of the global maritime work force, according to the government. And until more seafarers from all over the world are vaccinated, infections will continue to spike.
The easiest solution would be for every port to have a clinic and offer vaccinations to all seafarers coming through, according to Ben Cowling, head of the University of Hong Kong’s department of epidemiology and biostatistics. So far, that’s not happening in many places, with only a handful of countries following the US lead in offering vaccinations to seafarers who come into ports, regardless of their nationality.
“For parts of the world where they are aiming to eliminate COVID, loopholes including maritime workers at container ports, are opportunities for the virus to break through,” said Cowling. “They have to eliminate the risk coming off container ships.”
And if the risk to seafarers isn’t eliminated, then further port shutdowns or outbreaks on ships taking them out of services will make it even harder and more expensive to get Christmas shopping done.
“We will run out of the available crew,” said Columbia Shipmanagement Ltd. Chief Executive Officer Mark O’Neil, whose company oversees a crew pool of 18,000 people. “They would either have COVID, or they will be part of a COVID-infected crew, or they will not be vaccinated and therefore will not be allowed into a port. The number of vessels operating will be reduced.” — Bloomberg
THE AVERAGE retail price of a kilogram of regular-milled rice rose in five regional centers during the June 15-17 period, the Philippine Statistics Authority (PSA) said.
The PSA considers June 15-17 to be “the second phase of June” in its periods for measuring such statistics. The first phase was June 1-5.
PSA said in a report that Tacloban City recorded the highest increase in the average retail price of regular-milled rice of 40 centavos to P39.10 per kilogram (/kg).
Retail prices were also up in Baguio City, rising 30 centavos to P33.20/kg. In Legazpi City they rose 20 centavos to P33.70/kg; in Kidapawan City 16 centavos to P35.67/kg; and the National Capital Region (NCR) six centavos to P38.26/kg.
The average retail price of regular-milled rice fell in Cebu City by P1.75 to P41.20/kg; Calapan City, by 50 centavos to P34.50/kg; Digos City by 50 centavos to P37/kg; and Butuan City by 40 centavos to P36.40/kg.
The PSA also found that the average retail price for a kilogram of bone-in pork fell in six regional centers during the period.
Butuan City and Batangas City posted the sharpest declines of P10 to P260/kg and P350/kg, respectively.
Other areas where prices fell were Cabanatuan City, where it declined P5 to P335/kg; Tuguegarao City, by P5 to P315/kg; and the NCR by P4 to P319.56/kg.
Tacloban City recorded a P7.50 increase to P277.50/kg, followed by San Fernando City and Baguio City, where the price rose P5 to P280/kg and P285/kg, respectively.
Meanwhile, the PSA said the average retail price of a kilogram of round scad (galunggong) fell in six regional centers during the period.
Cabanatuan City had the sharpest price decline of P20 to P170/kg; followed by Digos City at P17.50 to P142.50/kg; Legazpi City at P10 to P160/kg; and Tacloban City at P7.50 to P192.50.kg.
The average retail price of galunggong also fell P2.50 to P247.50/kg in Calapan City and P2 to P210.44/kg in the NCR.
Pagadian City had the highest increase in the retail price of galunggong of P15 to P160/kg.
The average retail price of a kilogram of red onion rose P15 to P135/kg in Butuan City, followed by Baguio City, where it also rose P15 to P105/kg. The retail price of red onion rose P10 in Digos City and Iloilo City to P100/kg and P110/kg, respectively.
“On the other hand, its average retail price per kilogram dropped by P10 to P140/kg in Legazpi City during the second phase of June 2021,” the PSA said. — Revin Mikhael D. Ochave
By Kyle Aristophere T. Atienza, Reporter
METRO Manila and nearby provinces should stay under a general lockdown until end-July, researchers from the country’s premier university said on Tuesday, as health authorities said coronavirus infections in eight metro cities increased in the past two weeks.
“The cases in the National Capital Region are hardly decreasing, OCTA Research Group fellow Fredegusto Guido P. David said in a Facebook Messenger chat. “We think we can retain the general community quarantine but expand business capacities.”
The government also should stay on top of its vaccination rollout, he said.
Coronavirus infections in Manila, Makati, Las Piñas, Muntinlupa, Mandaluyong, Malabon, Navotas and San Juan rose in the past two weeks, said Alethea de Guzman, a bureau director at the Department of Health (DoH).
“People who get sick have exceeded the daily moving average,” she told a televised news briefing in Filipino. The intensive care unit (ICU) and health care use rates in these cities remained high, Ms. de Guzman said.
Makati and San Juan were high-risk areas, with hospital beds and intensive care units for coronavirus disease 2019 (COVID-19) patients nearly full, she said.
Makati City had a virus reproduction rate of 22%, while 69% of its ICUs were occupied. Its healthcare use rate was 70%.
DoH data showed 126,000 residents of San Juan have had their first vaccine dose, but the virus reproduction rate there was at 10% in the past two weeks.
The average daily attack rate in Makati and San Juan stood at 9.76 and 8.95 for 100,000 people, respectively, Ms. de Guzman said.
She added that one vaccine dose was not enough, adding that even fully vaccinated people should follow minimum health standards.
Vaccinated people should continue to wear face masks and shields, observe physical distancing and avoid large crowds, she added.
Ms. de Guzman said some regions were experiencing a surge in coronavirus infections. The Cordillera Administrative Region, Western Visayas and the Davao region were high-risk areas due to their high average daily attack rate and ICU occupancy rate, she added.
The Cordillera had an ICU use rate of 68.54%, 87.34% for Western Visayas and 81.41% for the Davao region as of July 10.
Mr. David said the capital region should remain under a lockdown given the threat from more contagious coronavirus variants including the Delta variant from India. Less than a fifth of Filipinos have not been fully vaccinated, he added.
“We are mainly concerned about social gatherings,” he said. “This could lead to a spike in cases.”
The capital region had an average of 634 new coronavirus infections daily from July 6 to 12, which was 2% lower than a week earlier, OCTA said in a report. In the past three weeks, weekly infections fell by an average 3%.
This showed a flat trend, it said. The reproduction number in Metro Manila was 0.93, while the incidence rate was 4.59 a day for 100,000 people. The positivity rate remained at 6% over an average of 22,000 tests daily.
OCTA said 35% of the capital region’s hospital beds had been occupied, and 42% of ICUs and 30% of mechanical ventilators were used.
DAILY TALLY
DoH reported 3,604 coronavirus infections on Tuesday, bringing the total to 1.48 million.
The death toll rose to 26,092 after 77 more patients died, while recoveries increased by 5,840 to 1.4 million, it said in a bulletin.
There were 46,934 active cases, 89.6% of which were classified as mild, 4.3% were asymptomatic, 2.6% were severe, 1.83% were moderate and 1.6% were critical.
The agency said five duplicates had been removed from the tally, five of which were tagged as recoveries. Seventy-two recoveries were active cases and 47 recoveries were reclassified as deaths.
Seven laboratories failed to submit data on July 11.
Meanwhile, Mr. David said vaccinating more seniors would help cut coronavirus deaths, noting that the death rate for old people infected with the coronavirus was high.
About 5% of seniors died due to COVID-19, he told a televised news briefing.
Government data showed about 2.6 million seniors have received their first dose, while about 915,000 have been fully vaccinated. About 8.2 million seniors were included in the government’s priority list.
Vaccine czar Carlito G. Galvez, Jr. on Monday night said the government would take delivery of about 16.5 million more doses of coronavirus vaccines next month.
The vaccine shipments for August include about 8.4 million doses the government bought from China’s Sinovac Biotech Ltd., he told a televised Cabinet meeting.
Mr. Galvez said the country would get about four million vaccine doses under a global initiative for equal access.
About 1.1 million doses of AstraZeneca Plc’s coronavirus vaccine bought by the private sector would also arrive next month, he said.
About two million more doses of the vaccine made by Pfizer, Inc. and about a million doses of the shot made by Moderna, Inc. will arrive next month. The government paid for these vaccines, he said.
Mr. Galvez said the country had received about 20.7 million doses of coronavirus vaccines.
About seven million doses were under a global access facility led by the World Health Organization and 9.1 million doses were donated by foreign countries including China and Japan.