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Shares end lower as gov’t reimposes restrictions

STOCKS went down on Monday as the government reimposed travel restrictions in Metro Manila and nearby provinces, creating a travel bubble to curb the spread of the coronavirus disease 2019 (COVID-19).

The Philippine Stock Exchange index (PSEi) declined by 40.93 points or 0.63% to finish at 6,395.17 on Monday, while the all shares index went down by 21.7 points or 0.55% to 3,887.71.

COL Financial Group, Inc. Chief Technical Analyst Juanis G. Barredo said in a Viber message that the local bourse went down on news of tighter travel and business restrictions.

“The PSEi continued lower as the health crisis is perceived to be getting worse,” AAA Southeast Equities, Inc. Research Head Christopher John J. Mangun said in an e-mail. “The general sentiment remains fearful, evident in the rush of selling at the beginning of the trading session.”

“Prices recovered after the initial sell-off as some investors were more willing to come in and buy shares at the lower prices as compared to last week. This may be due to the government’s commitment to the targeted lockdowns rather than shutting the economy down as a whole,” Mr. Mangun added.

The Philippines recorded 7,757 additional COVID-19 cases on Sunday, bringing the total count to 663,794.

The government’s COVID-19 task force has reimplemented restrictions in the National Capital Region and nearby provinces, Cavite, Laguna, Rizal, and Bulacan, calling the bubble “NCR Plus.”

Travel to and from the bubble area is limited to health and emergency frontline services personnel, government officials and government frontline personnel, persons traveling for medical and humanitarian reasons and those going to the airport to travel abroad, Reuters reported.

Non-essential businesses have been ordered to temporarily halt operations, while capacity limits have been reimposed on other firms.

All sectoral indices closed in the red on Monday except for services, which went up by 10.52 points or 0.75% to 1,412.13. Meanwhile, mining and oil fell by 240.22 points or 2.82% to close at 8,270.93; industrials went down by 122.12 points or 1.43% to 8,398.61; property declined by 43.25 points or 1.35% to 3,141.08; financials dropped by 10.28 points or 0.73% to 1,388.30; and holding firms slumped by 33.25 points or 0.5% to finish at 6,495.68.

Value turnover went down to P6.29 billion on Monday with 2.48 billion shares switching hands from the P10.41 billion with 3.53 billion issues traded on Friday.

Decliners outperformed advancers, 172 against 53, while 33 names closed unchanged.

Net foreign selling went down to P725.41 million on Monday from the P1.33 billion on Friday.

“We may see this panic selling continue as cases continue to pick up,” Mr. Mangun said.

He placed the main index’s support at 6,200, while COL Financial’s Mr. Barredo put it at 6,250. Mr. Barredo said the PSEi may test this support level in the coming days. — Keren Concepcion G. Valmonte

Palace rejects new round of cash aid for poor Filipinos

REUTERS

THE PRESIDENTIAL Palace on Monday thumbed down a new round of government aid for Filipinos amid tighter quarantine rules in Manila, the capital and nearby cities and provinces.

Businesses are still allowed to operate and people may continue working even during the lockdown, presidential spokesman Herminio L. Roque, Jr. told a televised news briefing.

“We don’t need to give assistance similar to what was given during the enhanced community quarantine because everybody can work,” he said in Filipino.

The government this week suspended driving schools, traditional cinemas, video and interactive game arcades, cultural centers, establishments accredited by the Tourism department and cockpit operations.

Mr. Roque said existing subsidies were enough to support those in need. Local governments under granular lockdowns were helping their constituents, he added.

Meanwhile, Mr. Roque said all private employees would be considered “essential workers.” He earlier said traveling workers should not be restricted by the new curfew.

Former Social Welfare Secretary Judy Taguiwalo said poor Filipinos need cash aid even “without the current spike and especially because of the spike and the new restrictions.”

“Many of those with work earn little and many of them are affected by the curfew hours and the checkpoints,” she said in a Facebook Messenger chat.

“Government support is one problem,” she said. “But the main problem remains a lockdown mentality to control the pandemic instead of mass testing, increasing contact tracing, isolation and treatment.”

Ms. Taguiwalo urged local government units to subsidize their constituents “like what they did last year.”

Mr. Roque said imposing granular lockdowns and creating more corridors would be the best way to balance health and the economy amid a fresh spike in coronavirus infections. — Kyle Aristophere T. Atienza

AstraZeneca cites vaccine efficacy

British drugmaker AstraZeneca Plc on Monday said its coronavirus vaccine can prevent symptoms 79% of the time and is 100% effective at preventing severe disease and hospitalization.

“Vaccine efficacy was consistent across ethnicity and age,” the company said in an e-mailed statement, citing phase 3 clinical trials in the US. “Notably, in participants aged 65 years and over, vaccine efficacy was 80%.”

The trial involved 32,449 patients, two-thirds of whom received the vaccine, while the rest received a saline placebo.

The company said that there was no increased risk of blood clots among the 21,583 patients who received at least a dose of the vaccine..

AstraZeneca said it would continue to analyze the data and submit these to the US Food and Drug Administration for emergency use authorization in the coming weeks.

The Philippines received 526,200 doses of AstraZeneca vaccines this month under a global initiative for equal access.

Last week, it said its vaccine was safe after reports of blood clots in some patients in Europe. — Vann Marlo M. Villegas

Nationwide round-up (03/22/21)

HEALTH workers from private and public hospitals and other frontliners in Quezon City get their first dose of the AstraZeneca vaccine on Mar. 22 as the city, along with the rest of Metro Manila, battle a renewed surge in coronavirus cases. — PHILIPPINE STAR/ MICHAEL VARCAS

Health, palace officials assure all private firms will be allowed to buy COVID-19 vaccines

ALL private companies are allowed to procure coronavirus vaccines through a tripartite agreement with the government, the Department of Health (DoH) said Monday. “We are not blocking their procurement, they are included in the provisions that they can purchase through a tripartite agreement with the national government,” Health Undersecretary Maria Rosario S. Vergeire said in an online briefing Monday. Senator Maria Imelda Josefa R. Marcos in a statement on Saturday, claimed that the DoH and the national task force handling the coronavirus response are blocking companies engaged in tobacco, milk, sugar, and soft drinks, among others, from buying vaccines for their workers, citing the draft implementing rules and regulations (IRR) for Republic Act No. 11525 or the COVID-19 Vaccination Program Act of 2021. “The NTF, together with the DoH shall review the requests of private entities to procure vaccines to ensure that private entities who will be part of the agreement are not in any way related to the tobacco industry, products covered under EO 51 series of 1986 or the National Code of Marketing of Breastmilk Substitutes, Breastmilk Supplement and Other Related Products or other industries in conflict with public health,” according to the draft, a copy of which was released to the media by Ms. Marcos.

‘AMENDED’
Presidential Spokesman Herminio L. Roque, Jr. said in a televised press briefing on Monday that the draft rules have been “amended.” The tripartite agreement among the vaccine supplier, government, and private firm is necessary as all coronavirus disease 2019 (COVID-19) vaccines are currently under emergency use authorization and not for commercial distribution. Private firms are also required to donate a percentage of their vaccine purchase to the government. “At the end of the day, wala pong mawawalan. Lahat po ng ating mga kababayan bibigyan ng bakuna ng gobyerno (everyone will be provided with a vaccine by the government), whether it be procured by the private or procured by the national government,” Ms. Vergeire said. Iloilo Representative Janette L. Garin, a former Health secretary, has also criticized the draft guidelines saying such prohibition will further delay the goal of achieving herd immunity. “It shouldn’t even be considered. Public health ang pinag uusapan dito (is what’s at stake here). Draft or not, we should be inclusive to achieve herd immunity,” she said. Herd immunity, according to health experts, can be attained by inoculating at least 70% of the population. — Vann Marlo M. Villegas, Gillian M. Cortez, and Kyle Aristophere T. Atienza

Retiring chief justice says goals done

RETIRING Chief Justice Diosdado M. Peralta said the goals he set out to achieve for the judiciary are in place, including securing the tenure of Supreme Court employees, policies to prevent corruption, and improving the courts’ responsiveness. “We have restructured and streamlined the plantilla of various offices, divisions, and services of the court so as to guarantee security of tenure for the employees and to improve our processes. We have established the Judiciary Public Assistance Section… to promptly receive and act on concerns, issues, suggestions, and other relevant matters including complaints against erring court officials and employees,” he said Monday in his farewell message during the traditional weekly flag ceremony. “We have proven that with our determination and willingness to adopt innovations, this pandemic is not and will never be an obstacle in the fulfillment of our sworn duties as public servants,” he said. Mr. Peralta was appointed to the Supreme Court’s top post on Oct. 23, 2019 and his early retirement takes effect Mar. 27, a year ahead of the compulsory retirement age of 70 for justices. He has yet to disclose the reason for his early retirement. He spent 34 years in the judiciary as a prosecutor, trial court judge, justice of the anti-graft court Sandiganbayan, and associate justice of the Supreme Court before taking the chief justice seat. — Bianca Angelica D. Añago

Lawyers propose reforms on issuance, use of search warrants

LAWYERS have submitted to the Supreme Court proposed reforms on the application, implementation, and post-execution of search warrants following the recent killings and arrests of activists in simultaneous police operations based on search warrants. In a letter sent to the high court Monday, they sought “that the Honorable Court review the procedure in the issuance of search warrants towards ensuring that these are not issued perfunctorily but only after rigorous scrutiny by the courts, in accordance with constitutional standards and procedural safeguards, and bearing in mind the deteriorating human rights situation in the country.” The letter was drafted by National Union of Peoples’ Lawyers (NUPL) President Edre U. Olalia and NUPL Chairperson Neri J. Colmenares, and signed by 139 lawyers. Among their suggestions are a “rigorous examination of claims by the police or military applicants and their informants,” and a review — in coordination with the Integrated Bar of the Philippines, other lawyers’ groups, and relevant civil society organizations — of the authority of judges to issue warrants applicable in areas outside of their jurisdiction. They also sought proper documentation of the execution of warrants using any video-recording device.

ANTI-TERROR LAW
Meanwhile, the Supreme Court has suspended the oral arguments on the petitions against the Anti-Terrorism Act of 2020 scheduled on Tuesday “due to the alarming increase of COVID cases.” The hearings will resume Apr. 6. — Bianca Angelica D. Añago

Regional Updates (03/22/21)

Tourism chief says airlines, hotels won’t charge rebooking fee for Holy Week reservations

TOURISM Secretary Bernadette Romulo-Puyat on Monday said the industry’s service providers and establishments — including airlines, hotels and restaurants — have informed her that there will be no rebooking fee for reservations made for the Holy Week holiday. In late February, travel restrictions across the country were eased by dropping most documentary requirements and negative RT-PCR test result. Over the weekend, the national government has imposed new limitations on movement, particularly for those residing in Metro Manila and its neighboring provinces of Cavite, Laguna, Bulacan, and Rizal. Staycations are allowed within these areas, but limited to those 18 to 65 years old.  “I’ve already talked to all airlines, they said there will be no rebooking fee, same with the hotel and restaurant associations,” Ms. Puyat, speaking in a mix of English and Filipino, said in an interview over ABS-CBN Teleradyo. The Department of Tourism, in a statement issued on Monday, said the Holy Week is a lost opportunity for the industry’s gradual reopening but “our goals for the sector will have to yield to public health concerns.” Thursday and Friday of Holy Week, which falls on April 1-2 this year, are non-working holidays in the Philippines and people traditionally go home to their provinces or visit tourism sites. “The Holy Week has always been a strategic opportunity for growth in the tourism sector,” the department said. The travel restrictions due to the fresh surge in new coronavirus cases are in effect from Mar. 22 to Apr. 4. “This will hopefully pave the way to a safer and more resilient resumption of tourism activities in the future,” it said. “With this, we would also like to express our gratitude to the hotel industry and airlines for allowing their clients to rebook without penalties as they support the goals of this administration for a healthy and safe tourism industry.” — MSJ

Trusting the messages and the messenger: Filipinos and the COVID-19 vaccines

As we hit the one-year mark of COVID-19’s arrival on Philippine soil, we have reason to be cautiously optimistic. We followed in the global trend and have begun vaccinating healthcare professionals, and multiple deals with various providers are being finalized. Though this may indicate that we’re well on our way to a new chapter of our lives, whether or not this new chapter will pan out the way we desire is left to be seen.

Ongoing vaccination of our frontliners is one step, but vaccinating the entire population — or rather, convincing the population to trust in the vaccination process — is an entirely different battlefield. After all, issues with public health and trust in the Philippines predate COVID-19, with resentment over the Dengvaxia controversy lingering among many sectors. This past year made the value of relevant messaging quite clear, with scientists and government officials constantly at odds with one another. And regardless of what we say and who says it, we face an inconvenient truth: the channels we use to communicate are cluttered in the confusion of a whirlwind year. With all these in mind, we must ask ourselves: Are Filipinos ready for the COVID-19 vaccines?

To do this, we partnered with research firm Tangere to reach 4,400 Filipinos with a simple survey, asking people across the nation what they know, how they feel, and what it would take to convince the skeptical to avail of the COVID-19 vaccines. The results of our research reveal plenty about how our institutions deliver their messages and the degrees to which Filipinos trust the messengers. Allow me to share the key insights from this work.

The first insight is as simple as it is jarring — a majority of Filipinos do not feel ready for a vaccine. Though many understand the role that vaccines play in preventing the spread of COVID-19, most express apprehension over potential side-effects and skepticism over the legitimacy of procurement processes. These two insights may very well be directly related: after all, it stands to reason that insufficient background information on a product would lead to an overall distrust in the product itself.

This is not to say that they don’t believe who has given them their knowledge, or that they question the legitimacy of the messenger. On the contrary, from the many information channels utilized, an overwhelming majority cite the Department of Health (DoH) as their most trusted source. Why then does apprehension persist? In diving deeply into the results, we learn that it’s a question of both quality and quantity. Respondents indicate a need for comprehensive knowledge and showcase a desire to learn more about everything from side effects and proper dosage to the process of vaccine development and rollout. Our country has taken to traditional and online communication technologies, and we must grow vaccine education across both formats in order to provide that which the people would like.

Perhaps the most provocative insight lies in asking what can be done to convince the skeptical of the vaccines’ benefits. Indeed, the majority note that additional information will ease their concerns. Beyond this lies an intriguing truth about our society: in deciding whether or not to be vaccinated, respondents value the assurance from a trusted member of one’s circle more heavily than assurances from health professionals, whether in government bodies or in hospitals. We are then presented with a conundrum: while Filipinos confirm their high trust in the institutions that make healthcare a reality in the Philippines, the push to avail of institutional vaccination programs will largely come from one’s social network.

How can we use all this information toward getting our countrymen onboard with a project that will sustain us all? Though our options are plenty, we propose three key strategies:

First, we must expand the breadth of our messaging so that Filipinos are equipped with all the facts that they need to ease their fears and convince them that vaccines are safe. While respondents make it clear that the information they desire runs quite a gamut, our officials possess the knowledge and fortitude to answer the questions which linger, and should see to it that they address concerns promptly.

Second, those tasked with the responsibility of sharing this information must harness every channel available, striking a balance between traditional communication and communication that newer generations are more fond of utilizing. As Filipinos, we thrive on innovation, and at a time like the present where we have been forced to try new solutions, there is no reason why we cannot go beyond the typically accepted forms of information delivery to generate greater reach. We see effective communication as striking a delicate balance between the old and the new: after all, in every survey we’ve conducted, social media and television are the stand-out top preferred channels, despite coming from very different generations. The importance of insights on the vaccines cannot be overstated, so let’s use all the resources available to get the information out there.

Lastly, given the importance of relatability in convincing the apprehensive, the development of an influencer network is imperative. If people are skeptical about the information out there, limiting the messenger to the same set of leaders will do nothing to sway their opinions. Rather, we see the benefit in building a system of shared leadership, wherein key individuals across various sectors, industries, and demographics can spread relevant messaging in their respective contexts. These thought leaders can vouch for the vaccine’s safety and then harness their influence toward enabling a strong movement of Filipinos who are educated on their health and prepared to safeguard it for generations to come.

We know that none of this will be simple — and certainly these shifts will not occur overnight. Hopefully, through looking deeply into the insights we share as well as those we entrust to share them, we can lead the country on the path toward collective healing. It is our hope, both as communicators and nation-builders, that as many of us as possible can experience the next normal together.

This article reflects the personal opinion of the author and does not reflect the official stand of the Management Association of the Philippines or MAP.

 

Junie S. Del Mundo is Chair of the MAP Health Committee, Vice-Chair of the MAP CEO Conference Committee and Chair and CEO of The EON Group.

map@map.org.ph

junie.delmundo@eon.com.ph

How do we conquer vaccine skeptics? We listen.

ASK on the street in Hong Kong if passersby will get the COVID-19 vaccine, and you may hear what I did: “Sometime.” “Maybe.” “No.”

Combating this hesitancy here and elsewhere will take more than opprobrium and exhortation. It requires tuning in.

A combination of deep-seated distrust in government, ignorance and lack of urgency — in a territory that has kept coronavirus cases low — means Hong Kong is now struggling to get enough residents inoculated. This week, when appointments opened for people over 30, tens of thousands of us rushed to book, picking between Chinese-made Sinovac Biotech Ltd. and the Pfizer-BioNTech vaccine. Many more, out of 5.5 million eligible in a population of 7.5 million, did not.

Hong Kong is a perfect storm of problematic factors, from political tumult to reports of seven deaths among more than 160,000 people given the Sinovac shot that have caused unease, though the incidents haven’t been linked to the vaccine. Even before the shots were made widely available, many indicated they would delay. But the city is hardly alone. Skepticism and anxiety are as old as vaccines themselves, haunting even inoculation pioneer Edward Jenner, and run from the backstreets of Lahore to high-end Paris neighborhoods.

It’s not a problem that can be brushed off. There’s little hope of life returning to normal, much less of conquering a virus that has killed 2.7 million and paralyzed economies, until enough people step up to achieve herd immunity — probably upwards of 70%. Even a small shortfall could be enough to cost lives and livelihoods.

The good news is that experience has taught us plenty about campaigns and resistance. Plus, while COVID-19 has been a catastrophe, it’s also an unprecedented opportunity, given the visible public health ravages, to change minds and prove the value of vaccines.

The less positive news is that the causes of skepticism are manifold and complex. Misinformation is one problem: We know that from episodes like the Nigeria polio vaccine boycott in 2003-04, or the scare around the diphtheria, pertussis and tetanus vaccination in the 1970s and 1980s. Today, social media means even very modest numbers of militant anti-vaxxers move fast through online chatrooms to conquer the hesitant, sometimes just by sowing doubt. A Facebook study showed a small subset of users was responsible for most of the skeptical content posted. But there are plenty more sources, from lack of trust in authorities to healthcare barriers to simple racism. Episodes like the 40-year Tuskegee syphilis study that denied Black men in the US state of Alabama diagnosis and treatment cast a long shadow.

It’s a far lengthier list for COVID-19, where disinformation was present from the start, fed by geopolitical tensions and polarized domestic agendas as in the US, where President Donald Trump minimized the threat and fed conspiracy theories. There was outright denial in places like Turkmenistan, reporting no confirmed cases, and Tanzania, which stopped publishing data last April.

The swift appearance of vaccines unsettled even more people, unclear where time was saved or how risks balance against rewards. Europe’s suspension of AstraZeneca’s COVID-19 vaccine over reports of blood clotting may be understandable as a show of caution, but real-world evidence suggests the shots are safe. Once sown, doubts are very hard to clear.

In a way, it’s odd that vaccines spark so much debate. Far fewer people feel so strongly about allergy medication or cough syrup. Heidi Larson, who runs the Vaccine Confidence Project at the London School of Hygiene and Tropical Medicine and studies rumors, connects it to the involvement of government and big business — institutions in which distrust runs high. In a recent address, she said it’s less an information problem than a relationship one. Low faith in authorities, as in Hong Kong or Lebanon, another skeptical hotspot, means few will take risks. It’s no accident that vaccine skepticism so often overlaps with poor governance and populist politics.

It’s clearly necessary to block anti-vaccine disinformation on social media platforms, but it’s not a solution on its own, any more than mandating the injection — a move that would further antagonize and polarize, damaging future efforts. Simply shutting down skeptics is a poor tactic when exclusion is half the problem.

For a long time, distrust in lifesaving shots seemed to me a fringe position stemming from ignorance. Then I had a child on the autism spectrum, and found myself interrogated far too frequently and too publicly on his vaccine schedule: Had he had the shot against measles, mumps and rubella, the MMR? It’s a reference to a long-discredited study that links autism and the inoculation that has done untold harm, turbo-charging the anti-vaccine movement. These were not uneducated people or conspiracy theorists, but they had questions.

That’s where we need to start.

Pictures of vaccinated celebrities, simple booking mechanisms, and basic access to injections are all important. But it’s vital to listen to the doubters and understand where the problems are coming from. The Philippines, for example, is still feeling the impact of a dengue vaccine that could worsen symptoms in people not previously infected. Some Hong Kongers will need to be reassured on the provenance and safety of vaccines. Elsewhere, it may be a question of explaining why it is a priority, when other health threats loom large, too. Tailoring the response matters, as does providing it from a locally respected source — whether doctors, priests or elders.

One option is what one US public health specialist described to me: Focus groups that connect peers and seek to answer questions and educate without preaching. His experience among Hispanic and other communities suggests naysayers are brought around after evidence from a friend or relative, or when an acquaintance has been vaccinated without adverse consequences. Behavioral science in areas like climate change shows similar results: We’re happier to change our views if someone we can relate to does the convincing.

Such efforts are possible almost everywhere. Community discussions won’t fix deep-seated distrust in government and may not reconcile everyone with science. It’s late — the push should have started months ago. But we can still reach enough people to make a difference.

BLOOMBERG OPINION

Ten key technology trends

MACROVECTOR-FREEPIK

To compete in the world of tomorrow, companies should stay on top of these digital trends

THE COVID-19 crisis has dramatically accelerated corporate digital transformation. As companies hurry to develop new digital capabilities, build resilience and retool for the post-pandemic world, keeping up with fast-moving technology trends is critical.

Based on our meetings with a carefully selected group of over 100 technology companies and startups, Bain & Company has identified 10 trends that are having an impact on a wide range of industries.

TREND 1: EDGE AI TRANSPLANTS BRAINS TO FACTORY TOOLS AND MACHINERY.
Considered the next wave of artificial intelligence, “edge AI” makes it possible for AI algorithms to run on the edge of a network, closer to or even on the devices collecting the data. These networks preserve bandwidth and increase efficiency by processing information closer to the users and devices that require it. Latency is reduced, and insights can be generated faster while lowering cloud services usage and cost. Plants located in remote areas are also less subject to costly connectivity losses.

TREND 2: 5G FACTORY REVOLUTIONIZES MANUFACTURING.
Capable of meeting the power requirements of millions of connections to data-intensive applications — and up to 100 times faster than 4G — 5G also offers drastically reduced latency, speeding data analysis, erasing processing delays and ensuring factory systems can react in real time. 5G is expected to accelerate the shift toward Industry 4.0, even possibly usher in an era of machine-to-machine communication.

TREND 3: SMARTPHONE DATA POWERS USAGE-BASED AUTO INSURANCE WHILE IMPROVING SAFETY.
The market for usage-based insurance is projected to reach $126 billion by 2027. Using sensors and tracking technologies embedded in smartphones, mobile telematics allows auto insurers to collect real-time data and better understand their customers’ driving habits. Ultimately, this will help insurers offer more competitive and innovative behavior-based insurance programs while fostering driver safety.

TREND 4: AUTOMATED AND EXPLAINABLE AI MAKES FINANCIAL ORGANIZATIONS SMARTER.
Banks and insurance companies are quickly increasing their investment in AI — but to get the most return, employees with little or no computer science background need to be able to use it. User-friendly AI platforms that allow employees to quickly build models, understand and trust their output, and then confidently make decisions will be critical. Banks are beginning to explore such platforms’ use in fraud detection, and insurers are using them to assess customers’ product preferences.

TREND 5: IN CYBERSECURITY, AUTHENTICATION RIGHTS AND NETWORK ACCESS GET THEIR DUE.
According to Interpol, the COVID-19 crisis has created an unprecedented opportunity for cybercriminals. Yet most companies overestimate their cybersecurity. Identifying common IT security weaknesses is central to building a truly resilient digital organization, and the potential compromise of a company’s active directory infrastructure is one gaining attention. By gaining user authentication rights and company network access, a cybercriminal might take over a CEO’s phone, usurp his or her identity, and retrieve confidential information.   

TREND 6: WORKFORCE TECHNOLOGIES BOOST AGILITY AND PROFITABILITY.
Globally, absenteeism costs companies hundreds of billions of dollars per year. Retail is particularly dependent on face-to-face interactions between customers and in-store employees, something COVID-19 disruptions have made especially challenging. Workforce management technologies, however, can help retailers quickly respond to activity peaks and employee absenteeism, understand employee availability and temporarily transfer personnel, improving both operational performance and profitability.

TREND 7: HEALTH DATA IS GOLD.
Healthcare’s big data market is expected to reach nearly $70 billion in 2025. The rapid acceleration of health data collection gives the industry an unprecedented opportunity to deploy groundbreaking digital capabilities, such as AI, to enhance treatment. Smart use of health data has the potential to dramatically improve patient care and lower costs.

TREND 8: IN HR, COGNITIVE SCIENCE AND GAMIFICATION WIN THE WAR FOR TALENT.
By 2025, millennials will account for three-quarters of the global workforce. As organizations increasingly work with a digital-native pool of candidates, they must modernize recruitment. Technology can help identify the most promising candidates in ways that look quite different from traditional recruiting processes, such as leveraging cognitive science and gamification to evaluate technical expertise, intellectual skills, and even soft skills and cultural fit.

TREND 9: SHIFTING FROM SELLING TO RENTING BECOMES THE GREEN WAY OF DOING BUSINESS.
As consumer and shareholder preferences shift toward sustainability, transactional relationships based on selling products are giving way to a model of production and consumption that involves sharing, leasing, reusing, and recycling existing materials and products. To reduce consumption of natural resources, companies are developing rental models for an expanding variety of products, paving the way for a truly inclusive, circular economy.

TREND 10: TECHNOLOGY WORKS TOWARD ZERO FOOD WASTE.
According to the UN’s Food and Agriculture Organization, more than 30% of the world’s food is lost or wasted every year. Using technology to reduce waste could put a significant dent in the food discarded by retailers and businesses, increase food security, and alleviate suffering. New apps that match consumers to food retailers, manufacturers and wholesalers are already making a difference. 

COVID-19 has catalyzed a technological shift of unprecedented magnitude. In the race to retool for the digital world of tomorrow, companies are smart to study and take advantage of the critical technology trends of today. 

 

Aadarsh Baijal And Truc Mai Dupont Vohong are from Bain & Company. Truc Mai Dupont Vohong is vice-president of the firm’s EMEA Digital Partnership, Business Development and Design initiatives. Aadarsh Baijal is a partner and head of Bain’s Digital practice in Southeast Asia.

Asia fast-tracks AstraZeneca rollouts

VIALS with Pfizer-BioNTech, AstraZeneca, Sputnik V, and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken Mar. 19. — REUTERS

TAIPEI/CANBERRA — Many Asian countries are accelerating the rollout of AstraZeneca’s COVID-19 vaccine after confidence in its safety was hit, following reports that the shot was linked to rare blood clots in Europe earlier this month.

After briefly halting its use, many European countries have resumed using the shot in their inoculation programmes after a regional regulator said it was safe, while several country leaders are also taking the vaccine to boost confidence.

The AstraZeneca shot was among the first and cheapest of the COVID-19 vaccines to be developed and launched at volume and is set to be the mainstay of vaccination programmes in much of the developing world.

But its brief suspension raised concerns that a slowdown in vaccination rollouts could hurt the global fight against the pandemic, as coronavirus cases surge in some countries, overwhelming healthcare systems and hurting economies.

“I have just finished getting the (AstraZeneca) injection, there is no pain at the injection site, and there is no soreness of the body,” Taiwan Premier Su Tseng-chang told reporters as the island launched its inoculation campaign on Monday.

Thailand’s prime minister also became the first person in the country to be inoculated with the AstraZeneca vaccine after its rollout was temporarily put on hold over safety concerns, while Indonesia began using it on Monday after suspending it last week. But Indonesia’s Food and Drug agency has warned against its use on people with blood clotting disorders.

South Korean President Moon Jae-in, 68, plans to get the shot on Tuesday after the government said it could be used on older people.

British Prime Minister Boris Johnson received his first dose of the AstraZeneca COVID-19 vaccine on Friday, saying he “did not feel a thing.”

HEADWINDS
The European Medicines Agency regulator said on Thursday the vaccine is effective and not linked with a rise in the overall risk of blood clots.

Yet a survey released on Monday showed that people in seven European countries were more likely to see the vaccine as unsafe than as safe.

Many Asian countries heavily rely on the AstraZeneca vaccine to end the pandemic, as the shot is being used in inoculation programmes in Australia, South Korea, the Philippines, Vietnam, Thailand, and India.

Some countries could face supply issues.

India, which has the highest coronavirus caseload after the United States and Brazil, is delaying supplies of the vaccine to several countries, as it faces a second surge in cases, said a source with direct knowledge of the matter.

The Serum Institute of India (SII), which produces the AstraZeneca vaccine, has told Brazil, Saudi Arabia and Morocco that further supplies will be delayed due to surging demand at home, the person said.

Australia, which has inoculated just 1% of its population so far, is also accelerating vaccination after the country’s pharmaceutical regulator approved on Sunday the local manufacturing of the AstraZeneca vaccine by CSL.

Within 12 weeks, CSL is expected to produce 1 million doses of the vaccine each week. — Reuters

India reports worst daily rise in COVID-19 in months

People are seen at a crowded market amidst the spread of the coronavirus disease in Mumbai, India, Mar. 19, 2021. — REUTERS/FRANCIS MASCARENHAS

NEW DELHI — India reported its most COVID-19 (coronavirus disease 2019) cases and deaths in months on Monday, on the first anniversary of the start of a chaotic nationwide lockdown that left many people jobless and shrank the economy.

Authorities reintroduced some curbs to slow the spread of the virus, especially in the western state of Maharashtra, which accounted for nearly two-thirds of the 46,951 new infections and the majority of the 212 deaths. Some hospitals in the country’s worst-affected state have begun to run short of beds.

With the biggest rise in cases since early November, India’s total has surpassed 11.65 million, the highest in the world after the United States and Brazil. The increase in deaths was the largest since early January, and took the total to 159,967.

In some parts of India, most people still go out without masks and flout advice on social distancing, including politicians campaigning in four states where elections will begin later this month.

The health ministry has also warned that a huge gathering of devotees for a Hindu festival could lead to a spike in cases as people from all over the country flock to the banks of the Ganges river in the holy northern town of Haridwar.

Local authorities have said they expect 150 million visitors at the weeks-long Mahakumbh that began this month and peaks in April. The festival is held only once every 12 years, and many Hindus believe bathing in the river during this period absolves people of sins. 

The surge in cases has also brought into focus India’s low rate of immunization relative to population, despite being the world’s biggest maker of vaccines.

VACCINE EXPORTS
India has administered more than 44 million doses since starting its vaccination campaign in mid-January, but wants to cover 300 million — a fifth of its 1.35 billion population — by August.

India has donated or sold more than 60 million vaccine doses to 76 countries, saying some shipments are necessary to meet contractual obligations.

As vaccine demand rises at home, top vaccine manufacturer the Serum Institute of India (SII) has delayed further shipments of the AstraZeneca shot to the United Kingdom, Brazil, Saudi Arabia and Morocco.

Gripped by a second wave of infections, some states are seeking to accelerate the vaccination drive to include younger people.

Maharashtra, India’s richest state, has offered to make doses itself to ease the supply pressure on SII and vaccine developer Bharat Biotech, whose COVAXIN shot is also being used in the country’s inoculation programme.

The state reported 30,535 new coronavirus infections in the past 24 hours, forcing local authorities to reopen some quarantine centers. The centers had been closed after the national daily caseload began to decline after peaking at nearly 100,000 cases a day in September.

Maharashtra, home to India’s financial capital Mumbai, has been accounting for more than half of the country’s total cases after the full reopening of its economy unleashed a second wave of infections late last month.

Nearly a dozen other states, including Punjab, Madhya Pradesh and Karnataka, home to the tech hub of Bengaluru, have also seen a spike in cases in the past few weeks. — Reuters

National athletes’ Tokyo Summer Olympic preparation continues

PSC COMMISSIONER RAMON FERNANDEZ shared that Team Philippines’ preparation for the Tokyo Olympic Games continues despite the cloud of uncertainty over its staging later this year. — PSC FACEBOOK PAGE

By Michael Angelo S. Murillo, Senior Reporter

A CLOUD of uncertainty still hovers on the staging of the Olympic Games in Tokyo this year, but Team Philippines’ preparation for the sporting spectacle continues.

To date, six Filipino athletes have booked spots in the Olympics with a number more still trying to qualify.

Those who have qualified are pole-vaulter EJ Obiena, gymnast Caloy Yulo and boxers Eumir Felix Marcial, Irish Magno, Nesthy Petecio, and Carlo Paalam.

Athletes still vying to make it to the Games include those from weightlifting, golf, karate, skateboarding, fencing, and 3×3 basketball.

Speaking on The Chasedown program last Saturday, Philippine Sports Commission (PSC) Commissioner Ramon Fernandez shared that while the ongoing pandemic has made the national athletes’ preparation all the more challenging, the grind continues for them with the end view of having a competitive showing come the Games.

“For the Olympics, all of our athletes, both those who have qualified and those still trying to qualify, their training is ongoing. They have their own bubble not only here, but in different parts of the world,” said Mr. Fernandez.

He made mention of the national karate team which is currently in Turkey training, which could extend all the way to the middle of this year before the Olympics in July to August.

National boxers are in Thailand while the fencing team is in Ormoc, Leyte.

Hidilyn Diaz, the 2016 Olympic silver medalist, is gearing up to formalize her entry in weightlifting for this year’s Games and is training in Malaysia. The same goes for skateboarder Margielyn Didal, who is just a competition away from formalizing her qualification.

Mr. Fernandez said that PSC has the athletes’ back in their Olympic push in tandem with their respective mother sports associations, trying their best to furnish what they need as far as their training goes notwithstanding the limitations presented by the trying times.

He went to say though that the situation with the coronavirus pandemic and how it would affect the rescheduled Olympic Games is a concern they are keenly keeping an eye on.

“Frankly, the Tokyo Olympics is still not 100 percent [sure to push through]. But we’ll cross the bridge when we get there. We’re playing it by the ear,” said Mr. Fernandez, who is also the chief of mission of Team Philippines for the 31st Southeast Asia Games in Vietnam later this year.

In the last Olympic Games in 2016 in Rio, Brazil, the Philippines was represented by 13 athletes in eight sports. Ms. Diaz was the lone athlete to win a medal.

IBF super flyweight champ Jerwin Ancajas raring to get it going in ring return

IBF WORLD SUPER FLYWEIGHT CHAMPION JERWIN ANCAJAS of the Philippines is set to defend his title against Mexican Jonathan Javier Rodriguez in April. — ALVIN S. GO

INTERNATIONAL Boxing Federation (IBF) world super flyweight champion Jerwin “Pretty Boy” Ancajas has not fought in more than a year, which is why in his ring return next month he is all in and ready.

Mr. Ancajas (31-1-2), who is currently training in the United States, is set to defend his world title against Jonathan Javier Rodriguez of Mexico on April 10 (April 11 Manila time) at Mohegan Sun Arena in Uncasville, Connecticut.

The fight was twice-postponed previously, the last time in April last year, a victim of the coronavirus pandemic.

“I’m excited and happy for this opportunity to be back in the ring after some time. Waiting is nothing new to me. I have experienced this in the past,” said Mr. Ancajas in Filipino in a virtual press conference on Monday.

The Davao del Norte native last fought in December 2019 in Mexico, where he successfully defended his title against Chilean challenger Miguel Gonzalez by technical knockout in the sixth round.

“As a fighter, I always keep myself ready; whoever I’m up against and wherever it may be,” he said of the mind-set he has.

MP Promotions President Sean Gibbons, whose group handles the professional career of Mr. Ancajas, said they are viewing the Filipino’s upcoming fight with much significance.

“This has been a long time coming. For various reasons, it did not push through in the past. But we are excited to finally get this going. This is an important fight for Jerwin. He needs to get past this to go for the other top fighters,” said Mr. Gibbons, who joined Mr. Ancajas and coach Joven Jimenez in the press conference.

Mr. Gibbons said they are not looking past Mr. Rodriguez just yet, but possible opponents for Mr. Ancajas after include Thai Srisakit Sor Rungvisai, American Joshua Franco (regular WBA champions), and Japanese Kazuto Ioka (WBO champion).

In Mr. Rodriguez (22-1), Mr. Ancajas is up against a boxer who is on a roll, winning his last six fights and determined to seize the title from the reigning champion.

The 25-year-old fighter last saw action in December against compatriot Julian Yedras, where he won by knockout.

Mr. Ancajas, however, reiterated that he is ready to fight and defend his title for the ninth time.

“Since I came over here last year (in the United States), we have been training steadily. For this fight, I’m already 95 percent ready,” he said.

The Ancajas-Rodriguez fight is part of a triple-header with the main event featuring American Jaron Ennis and Russian Sergey Lipinets.

Also part of the event is the clash between undefeated fighter Mark “Magnifico” Magsayo (21-0) of the Philippines against Pablo Cruz (21-3) of the United States.

The Rodriguez fight is the first for Mr. Ancajas under Al Haymon’s Premier Boxing Champions group after being released from his contract by Top Rank Promotions of Bob Arum.

The fight will be broadcast in the country over One Sports and One Sports+. — Michael Angelo S. Murillo