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Myanmar shadow government calls for revolt against military rule

FLOWERS hang during a nationwide flower campaign against the military coup in Yangon, Myanmar, April 2, 2021. — REUTERS

MYANMAR’S shadow government, formed by opponents of military rule, called for a revolt against the junta on Tuesday, setting out a strategy that included action by armed militias and ethnic forces and urging bureaucrats to leave their posts.

Duwa Lashi La, the acting president of the National Unity Government, said in a speech that the shadow government, which is made up of members in exile or in hiding, was declaring a state of emergency.

Myanmar’s military toppled the elected government of Aung San Suu Kyi on Feb. 1, triggering a wave of protests by pro-democracy supporters, and hundreds of deaths as security forces tried to quell the demonstrations.

Some opponents of military rule have formed armed groups, under the banner of the People’s Defense Forces, and have forged alliances with some ethnic militias that have long seen Myanmar’s army as their enemy.

Declaring it was launching a “defensive war,” Duwa Lashi La called for a “revolt against the rule of the military terrorists led by Min Aung Hlaing in every corner of the country.”

Myanmar’s military ruler Min Aung Hlaing last month took on the role of prime minister in a newly formed caretaker government and pledged to hold new elections by 2023.

The junta has itself branded the NUG and People’s Defence Forces as terrorist groups.

Military-appointed administrators should “immediately leave your positions,” Duwa Lashi La said in his 14-point speech, in which he urged members of the security forces to join them and for ethnic forces in border areas to attack the military.

Soon after February’s coup, a civil disobedience movement was set up in a bid to undermine military rule.

Hastily formed militias have also been involved in regular skirmishes with the army though often appear to operate independently, while it is also unclear how much coordination there is among ethnic forces that have been fighting the army on and off for decades.

The Association of Southeast Asian Nations (ASEAN) has been leading diplomatic efforts to end the violence and open a dialogue between the military rulers and their opponents.

ASEAN’s envoy to Myanmar, Erywan Yusof, said in an interview with Kyodo news agency that the military had accepted his proposal for a ceasefire until the end of the year to ensure distribution of humanitarian aid.

A pro-democracy activist and another member of the NUG said the junta could not be trusted to honor such a deal.

A military spokesman did not answer calls from Reuters to seek comment on the reported ceasefire or the speech by the NUG. — Reuters

G20 nations call for more COVID help for poor states

REUTERS

ROME — The Group of 20 (G20)rich countries said on Monday more efforts were needed to help poor countries vaccinate their populations against coronavirus disease 2019 (COVID-19), but steered clear of making new numerical or financial commitments.

Italy, which holds the G20 presidency this year, said after the gathering that the “Pact of Rome,” where the meeting was held on Sunday and Monday, included a political agreement to increase support for poor nations and send them more vaccines.

“The level of (vaccine) inequality is too high and is not sustainable,” Italian Health Minister Roberto Speranza told reporters.

“If we leave part of the world without vaccines, we risk new variants which will hurt all of us…Our message is very clear: no one must be left behind in the vaccination campaign.”

Vaccines are being shipped to poor countries through the international COVAX facility, backed by the World Health Organization and the Global Alliance for Vaccines and Immunization (GAVI).

However, richer nations have come under fire for allegedly stockpiling COVID-19 jabs as many underdeveloped countries with low inoculation rates and rising infections struggle to get supplies.

“The strongest countries…are committed to investing significant resources and sending vaccines to the most fragile…We should strengthen this system bilaterally and through international platforms starting from COVAX,” Mr. Speranza said.

However, asked whether the G20 had made any new concrete financial commitments, he warned such pledges risked being a “straitjacket,” and the important thing was a “political goal” of global vaccination.

“We want to take the vaccine to the whole world and we’ll make the investments necessary. Will they be enough? Will more be needed? The countries of the world are making a commitment in this direction,” he said.

An 11-page declaration released after the meeting made no new financial pledges, but Mr. Speranza said these may be delivered at a joint meeting of G20 health and finance ministers in October.

That will be “a decisive occasion to find the resources to finance the instruments we have put on the table,” he said.

A little over 230 million COVID-19 vaccine doses have been delivered to 139 countries under COVAX, GAVI data show, against a target to secure two billion doses for lower-income countries by the end of 2021.

Mr. Speranza stressed that poor countries must also be helped to produce vaccines at home. “Transferring doses is not enough. We have to make other areas of the world capable of producing, sharing methodologies and procedures,” he said. — Reuters

Sun Life pilots ‘internal gigs’ to upskill employees

Sun Life

Post-pandemic, companies will have to define the nature of work, who to hire as workers, and how to nurture their growth, according to panelists at a Sept. 7 webinar organized by Sun Life Asia Service Centre, a business processing provider for insurance company Sun Life.  

“How do we leverage other types of talent? Other than full-time workers, are we open to gig workers, outsourced workers, retirees?” said Helen Peng, vice president for talent acquisition and development of Sun Life Canada.   

“Today, we have a concept of a job with set tasks,” Ms. Peng continued. “In the future… some parts of the job can be done by AI [artificial intelligence], some by humans, and some incorporated into other workstreams.”  

Although Sun Life uses bots, they aren’t meant to replace humans, said May Sunega, head of human resources (HR) and communications at Sun Life Asia Service Centre – Philippines. 

“The intent is to carve out more time for humans in the organization, to allow them more time to connect with each other and do meaningful work,” Ms. Sunega said.  

Employees who engage with chatbots, for example, will still be attended to by flesh-and-blood HR personnel down the line.  

“The fear of bots replacing humans is unfounded,” she said.

Be that as it may, both employees and job seekers need to proactively upskill and reskill. “Skill is the currency of the talent marketplace,” Ms. Peng said. “It will get you far if you build versatility and experience.”   

Ms. Peng advised trying gig work: “You might find huge potential there. It’s like going to the gym and finding muscles you never thought you had.”  

Sun Life is piloting a program that allows “internal gigs” for its company employees, helping them develop diverse skills and exposing them to different domains within the organization.  

FASTER FEEDBACK  

For Sun Life Indonesia president Elin Waty, the pandemic created a faster feedback mechanism. Gone are the days where performance evaluations were conducted once every six months.  

The way forward is to focus on key results, which are incremental indicators on whether an objective is on its way to being achieved.  

For example, increasing sales by 50% over a quarter can be broken down into three key results: launching two new products; ensuring at least 10% of sales come from upselling; and hiring 100 new advisors.  

“It’s like baking a cake,” Ms. Waty told the webinar audience. “In the past, the manager only sees the cake when it’s ready. Nowadays, he and you will have a sit-down more often… [so you can say] I need this much flour.”  

Correction and appreciation come faster as well. “Communication becomes more open, and the conversation becomes more meaningful,” said Ms. Waty. — Patricia B. Mirasol

Data without action is of ‘little value’

PIXABAY

Organizations that are not data-driven risk ceding advantages like customer understanding and operational visibility to their competitors. Merely having data, however, is not enough.  

“Sitting on proprietary data gives organizations an advantage, but that alone isn’t enough until you have processes that integrate data into planning and commercial targets,” said Michael Frank, senior analyst of The Economist Intelligence Unit (EIU) in a Sept. 2 webinar on data adaptability.  

“It’s like crude oil,” added Robert Wickham, vice president of strategy and growth for Asia Pacific and Japan of Tableau, a data visualization software company. “It has little value until you can refine, extract, and harness it into actionable insights.”   

According to Tableau’s Data Culture Playbook, data-leading companies see benefits like improvements in production time (41%), customer retention and acquisition (89%), and employee retention (45%).  

DEFINING DATA-DRIVEN  

To create a data-driven organization, understand first what “data-driven” for your organization means, according to panelists at an Aug. 11 webinar organized by the Internet Mobile Marketing Association of the Philippines (IMMAP).   

“Understanding what a ‘data-driven organization’ means is the first hurdle to being a data driven organization,” said David R. Hardoon, senior adviser for data and artificial intelligence at UnionBank Philippines. “For me, it means asking questions that require data to be answered.”  

Change management also has to come into play, Mr. Hardoon added, especially if the data tells the opposite of what the company does. “The most successful data-driven organizations… every single one of them has resulted in change.” 

This July, UnionBank secured a digital banking license from the Bangko Sentral ng Pilipinas, becoming the first traditional bank in the Philippines to do so.  

FOSTERING A DATA CULTURE  

Companies can foster a data culture by making every discussion data-driven, said Crystal Gonzalez, co-founder and chief executive officer of Pick.A.Roo, a grocery, food, and shops delivery app.   

“Even if it’s a creative discussion, the tone and agenda have to start with numbers,” she told the audience of the Aug. 11 webinar. “One way to embed something in a culture is to [do something repeatedly].”  

There also has to be commitment from the top, Mr. Wickham said. In a meeting, for example, a CEO can demonstrate that commitment by using live data dashboards to aid in decision-making.  

According to the Data Culture Playbook, American lifestyle retailer Abercrombie & Fitch uses near real-time data to guide a quarterly alignment meeting among executives, business group leaders, and product teams. Leaders use the insights to map out goals, align on intent, and determine where they want to focus their efforts.  

 DEMOCRATIZING THE PROCESS  

Organizations should also ensure data is findable, accessible, interoperable, and reusable by everyone.  

“I worked in multinationals where data is the only oil,” said Ashish Thomas, chief executive adviser of Summit Media Group, at the IMMAP-sponsored event. “Everyone was geared towards working with data.”  

“Make sure all people are comfortable about data, otherwise some parts of the organization will discuss data, whereas others won’t get it at all,” added Mr. Thomas.  

A way to make people comfortable with data is by gamifying their experience with it, which is exactly what JPMorgan Chase does. As shared in Tableau’s Data Culture Playbook, the multinational investment bank promotes data literacy by using a gamified structure with skill belts that guides people through different levels of data training.   

This democratization of data can extend to external stakeholders too, said Quiron Cunha, senior strategy director of fashion e-commerce platform Zalora. Information, he said, needs to support key partners.   

“In Zalora, we created an external data prototype that enables data sets to our brand partners, so they can have insights into [factors like] cancellation rates and customer behavior,” he said at the EIU event. “If data [just] sits in one department, it won’t make sense. It has to be spread across the organization.”  

PICKING THE RIGHT TOOLS  

Investing in technology is likewise an important piece of the data-driven puzzle, Mr. Thomas said, and the best tool depends on which part of the organization is looking at what data.  

“It depends on who the audience is and what the use case is,” he said. “There are so many data visualization tools out there. A lot are available at startup rates. If you use four or five, you’ll know what works for you.”  

Mr. Hardoon offered a word of caution on free tools: “A tool has to be aligned with what you want to achieve. A tool may be free, but you also need to factor in the blood, sweat, and tears of having to build [everything] from the ground up.” — Patricia B. Mirasol

GCash Brand Reel

 

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McDonald’s serves up a faster ordering experience with the launch of its Ride-Thru Dual Lanes

Avoid the Drive-Thru traffic jam with this latest store innovation from McDonald’s

Always on the go and looking for a quick and easy fix to your McDonald’s cravings? This new McDonald’s store feature is made just for you.

This August, McDonald’s Philippines launches its first Ride-Thru Dual Lane in the country, having two Ride-Thru lanes means less time queuing and more time enjoying your food.

Opened on August 30, McDonald’s Anabu in Cavite is the first to launch the Dual Lane feature. Filipinos on a road trip to the South can also look forward to the next Ride-Thru Dual Lane in McDonald’s SLEX Mamplasan opening soon!

The launch of McDo’s Ride-Thru Dual Lane is an addition to the existing NXTGEN upgrades made to elevate the customer experience. McDonald’s NXTGEN stores include innovations like self-ordering kiosks, cashless payments, split counters for ordering and claiming, Guest Experience Leaders, and more—all thoughtfully designed to let customers enjoy more feel-good moments.

Alongside McDonald’s investment in creating a faster ordering experience for customers, more branches have also rolled out Bike & Dine areas that make dining out at McDonald’s all the more easy and convenient for all types of rides. McDonald’s has set up bike racks with dining ledges that let cyclists enjoy their meal near their bikes outdoors while making sure their bikes are upright, safe, and secure.

“With the opening of our very first Ride-Thru Dual Lane branch and the introduction of more modern global store innovations in the Philippines, we are able to elevate the ordering and dining experiences of Filipino consumers, bringing them more love ko ‘to moments for years to come,” said McDonald’s Philippines Assistant Vice President Oliver Rabatan.

Watch out for updates on McDonald’s Drive-Thru Dual Lane and NXTGEN stores by following McDonald’s Philippines on Facebook, Twitter, and Instagram.

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Vietnamese man jailed for 5 years for spreading coronavirus

HANOI – Vietnam jailed a man on Monday for five years for breaking strict COVID-19 quarantine rules and spreading the virus to others, state media reported.

Le Van Tri, 28, was convicted of “spreading dangerous infectious diseases” at a one-day trial at the People’s Court of the southern province of Ca Mau, the state-run Vietnam News Agency (VNA) reported.

Vietnam has been one of the world’s coronavirus success stories, thanks to targeted mass testing, aggressive contact tracing, tight border restrictions and strict quarantine. But new clusters of infections since late April have tarnished that record.

“Tri travelled back to Ca Mau from Ho Chi Minh City … and breached the 21-day quarantine regulations,” the news agency said.

“Tri infected eight people, one of whom died due to the virus after one month of treatment,” it added.

Reuters did not immediately reach the Ca Mau court for comment.

Ca Mau, Vietnam’s southernmost province, has reported only 191 cases and two deaths since the pandemic began, much lower than the nearly 260,000 cases and 10,685 deaths in the country’s coronavirus epicentre, Ho Chi Minh City.

Vietnam is battling a worsening COVID-19 outbreak that has infected more than 536,000 people and killed 13,385, the vast majority in the past few months.

The country has sentenced two other people to 18-month and two-year suspended jail terms on the same charges. – Reuters

SSS approves 240,000 sickness benefit reimbursement applications online worth P1.75 billion

The Social Security System (SSS) has approved a total of 239,995 Sickness Benefit Reimbursement Applications (SBRA) that were submitted online from July 2020 to June 2021, amounting to P1.75 billion.

SSS President and Chief Executive Officer Aurora C. Ignacio said that more employers are now acquainted in submitting their SBRA applications online using their My.SSS employer accounts.

“Using our electronic services like SBRA is a good indication that employers are aware of their employee’s right to social security, specifically in availing their sickness benefits. Under the SSS Law, they are expected to pay in advance their employee’s sickness benefits and submit these claims to SSS,” Ignacio said.

The SSS implemented the mandatory online filing of SS Sickness Benefit Reimbursement Applications (SBRA) for employers through the My.SSS Portal last July 2020 to ensure the uninterrupted delivery of service while the country is still under various quarantine restrictions.

“At the onset of the Covid-19 pandemic last year, SSS has already fast-tracked its digital transformation initiatives so that our members and employers can conveniently transact with us,” Ignacio added.

To submit SBRAs online, employers must have a registered employer account in the My.SSS portal, with savings account number enrolled in the Disbursement Account Enrollment Module (DAEM). Only SS sickness applications for new or initial claims with approved notification shall be filed through the E-Services menu of the employer’s account. The date of submission by the employer shall serve as the date of filing of the SS SBRA. The step-by-step guide on the online submission of SBRAs can be accessed at MYSSSPH, the official YouTube channel of the Philippine Social Security System https://bit.ly/3B8RUuO.

Employers should also certify that the amount of sickness benefit was advanced to the employee based on the approved sickness notification in accordance with Section 14 of R.A. No. 11199, or the Social Security Act of 2018.

To avoid the reduction or denial of sickness claims, the online notification system for sickness benefits through the SSS website was established in 2015 to enable employers to notify the SSS of their employee’s fact of sickness or injury and be able to view online the status of said filed notification.

However, the deadline for filing of Sickness Notification (SN) and SBRA has remained extended for illnesses or injuries incurred on March 1, 2020, onwards until the lifting of the Enhanced Community Quarantine/General Community Quarantine in the country, after which they are still given 60 days to file their claims.

Other facilities available online in the SSS website for employers include:

  • viewing and updating of employer contact information
  • enrollment of disbursement account
  • status of payment for contribution, loan, and status of reimbursement claims
  • benefit reimbursement for Sickness and Maternity claims
  • submission of employment report for new hires
  • submission of collection lists for contribution and loan payment
  • filing of maternity notification, reimbursement application, and benefit adjustment of their employees
  • submission of sickness notification of their employees
  • certifying the employees’ salary loan applications and retirement claim applications, and
  • generation of payment reference number (PRN) for both contributions and loan payments

For more information, follow the SSS on Facebook and YouTube at “Philippine Social Security System,” Instagram at “mysssph,’ Twitter at “PHLSSS,” or join its Viber Community at “MYSSSPH Updates.

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

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El Salvador leads the world into cryptocurrency: bitcoin legal tender

SAN SALVADOR El Salvador on Tuesday became the first country in the world to adopt bitcoin as legal tender, a real-world experiment proponents say will lower commission costs for billions of dollars sent home from abroad but which critics warned may fuel money laundering.

The plan spearheaded by the young, charismatic and popular President Nayib Bukele is aimed at allowing Salvadorans to save on $400 million spent annually in commissions for remittances, mostly sent from the United States.

Last year alone remittances to El Salvador amounted to almost $6 billion, or 23% of its gross domestic product, one of the highest ratios in the world.

Polls show Salvadorans are skeptical about using bitcoin and wary of the volatility of the cryptocurrency that critics say could increase regulatory and financial risks for financial institutions. Still, some residents are optimistic.

“It’s going to be beneficial … we have family in the United States and they can send money at no cost, whereas banks charge to send money from the United States to El Salvador,” said Reina Isabel Aguilar, a store owner in El Zonte Beach, some 49 km (30 mi) southwest of capital San Salvador.

El Zonte is part of the so-called Bitcoin Beach geared toward making the town one of the world‘s first bitcoin economies.

In the run-up to the launch, the government has already been installing ATMs of its Chivo digital wallet that will allow the cryptocurrency to be converted into dollars and withdrawn without commission, but Bukele on Monday looked to temper expectations for quick results and asked for patience.

“Like all innovations, El Salvador‘s bitcoin process has a learning curve. Every road to the future is like this and not everything will be achieved in a day, or in a month,” Bukele said on Twitter, a platform he often uses to talk up his achievements or excoriate opponents.

On Monday, El Salvador bought its first 400 of the cyrptocurrency, temporarily pushing prices for bitcoin 1.49% higher to more than $52,680. The cryptocurrency has been notoriously volatile. Just this spring, it rose over $64,000 in April and fell almost as low as $30,000 in May.

Some analysts fear the move to make bitcoin legal tender alongside the U.S. dollar could muddy the outlook for El Salvador‘s quest to seek a more than $1 billion financing agreement with the International Monetary Fund (IMF).

After Bukele’s bitcoin law was approved, rating agency Moody’s downgraded El Salvador‘s creditworthiness, while the country’s dollar-denominated bonds have also come under pressure.

But Bukele, who does not shy away from controversy, on Monday retweeted a video that showed face superimposed on actor Jaime Foxx in a scene from Django Unchained, Quentin Tarantino’s film about American slavery. The video portrayed Bukele whipping a slave trader who had the IMF emblem emblazoned on his face.

Bukele later deleted the retweet.

His own tweet said: “we must break the paradigms of the past. El Salvador has the right to advance towards the first world.” – Reuters

Taliban claim control of Panjshir, opposition says resistance will continue

The Taliban claimed victory on Monday in the last part of Afghanistan still holding out against their rule, declaring that the capture of the Panjshir valley completed their takeover of the country and they would unveil a new government soon.

Pictures on social media showed Taliban members standing in front of the gate of the Panjshir provincial governor’s compound after days of fighting with the National Resistance Front of Afghanistan (NRFA), commanded by Panjshiri leader Ahmad Massoud.

Panjshir, which was the last hideout of the escapee enemy, is captured,” Taliban spokesman Zabihullah Mujahid told a news conference.

Massoud did not concede defeat, saying his force, drawn from the remnants of the regular Afghan army as well as local militia fighters, was still fighting.

“We are in Panjshir and our Resistance will continue,” he said on Twitter. He also said he was safe, but gave no details on his whereabouts.

The steep valley north of Kabul was long famed for holding out against attack, including both by Soviet troops in the 1980s and the Taliban during their previous rule in the 1990s. It was the main redoubt of the Northern Alliance resistance fighters who toppled the Taliban with U.S. air support in 2001 after the Sept. 11 attacks on the United States.

The Taliban assured the people of the valley – who are ethnically distinct from the mainly Pashtun Taliban – that there would be no “discriminatory act against them”.

“They are our brothers and would work together for a joint purpose and welfare of the country,” Mujahid said.

 

CURTAINS IN CLASSES

The Taliban have repeatedly sought to reassure Afghans and foreign countries that they will not reimpose the brutal rule of their last period in power, when they carried out violent public punishments and barred women and girls from public life.

But more than three weeks after they swept into Kabul, they have yet to announce a government or give details about the social restrictions they will now enforce.

Asked whether the United States would recognise the Taliban, U.S. President Joe Biden told reporters at the White House late Monday: “That’s a long way off.”

Teachers and students at universities in Afghanistan’s largest cities – Kabul, Kandahar and Herat – told Reuters that female students were being segregated in class with curtains https://www.reuters.com/world/asia-pacific/curtain-divides-male-female-students-afghan-universities-reopen-2021-09-06, taught separately or restricted to certain parts of the campus.

One female student said women sat apart from males in university classes before the Taliban took over, but classrooms were not physically divided.

“Putting up curtains is not acceptable,” Anjila, the 21-year-old student at Kabul University, told Reuters by telephone.

“I really felt terrible when I entered the class … We are gradually going back to 20 years ago.”

 

HUMANITARIAN AID

Inside Afghanistan, hundreds of medical facilities are at risk of closure because the Western donors are barred from dealing with the Taliban, a World Health Organization official said.

The WHO is trying fill the gap by providing supplies, equipment and financing to 500 health centres, and was liaising with Qatar for medical deliveries, the UN health agency’s regional emergency director, Rick Brennan, told Reuters.

U.S.-led foreign forces evacuated about 124,000 foreigners and at-risk Afghans in the weeks before the last U.S. troops left Kabul, but tens of thousands who fear Taliban retribution were left behind.

About 1,000 people, including Americans, have been stuck in northern Afghanistan for days awaiting clearance for charter flights to leave, an organiser told Reuters, blaming the delay on the U.S. State Department. Reuters could not independently verify the details of the account.

UNICEF Executive Director Henrietta Fore said the agency had registered 300 children who had been separated from their families during the chaotic evacuations from Kabul airport.

“Some of these children were evacuated on flights to Germany, Qatar and other countries … We expect this number to rise through ongoing identification efforts,” she said in a statement.

Inside Afghanistan, drought and war have forced about 5.5 million people to flee their homes, including more than 550,000 newly displaced in 2021, according to the International Organization for Migration.

Western powers say they are prepared to send humanitarian aid, but broader economic engagement would depend on the make-up of the Islamists’ new government in Kabul.

China’s ambassador to Afghanistan promised to provide humanitarian aid during a meeting with senior Taliban official Mawlawi Abdul Salam Hanifi in Kabul on Monday, Tolo news reported.

China has not officially recognised the Taliban as Afghanistan’s new rulers, but Chinese State Councillor and Foreign Minister Wang Yi last month hosted Mullah Baradar, chief of the group’s political office, and has said the world should guide the new government rather than pressure it.

U.S. Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin meanwhile met Qatar’s ruling emir, Sheikh Tamim bin Hamad al-Thani, as Washington seeks to build a consensus among allies on how to respond to Taliban rule.

Blinken also spoke on Monday with Kuwaiti Foreign Minister Sheikh Ahmed Nasser Al-Mohammed Al-Sabah, and thanked him for Kuwait’s assistance with evacuations, the State Department said. – Reuters

Japan PM candidate Kishida calls for $270 bln-plus stimulus package -media

TOKYO – Japan‘s former foreign minister Fumio Kishida, a strong contender to become next prime minister, has called for a package of more than 30 trillion yen ($273 billion) to cushion the blow from the coronavirus pandemic, a magazine reported.

Mr. Suga’s shock Friday announcement he was stepping down has thrown a ruling Liberal Democratic Party (LDP) leadership race set for Sept. 29 wide open, with an array of candidates considering running.

Mr. Kishida, 64, is the only candidate to formally announce his candidacy for the leadership so far.

Mr. Kishida told Diamond magazine that if he were to become prime minister, he would have the Bank of Japan maintain its 2% inflation target and massive stimulus programme.

“We can’t touch it for the time being. Removing the goal could send the wrong message to markets,” Mr. Kishida said on the BOJ’s price target, which critics say is unrealistic for an economy long suffering from near-zero inflation.

“We must support the economy with large-scale monetary easing and fiscal stimulus to protect people’s lives from the pandemic,” he was quoted as saying in an interview that ran on Monday evening.

The remarks came after Mr. Kishida told a news conference last Friday that the government must compile a spending package worth “several tens of trillions yen,” without giving a specific number.

Mr. Kishida said under his plan, the government would compile a supplementary budget exceeding 30 trillion yen that will be funded by issuing bonds, according to the magazine.

Mr. Kishida is stressing the need for a short-term, targeted package, a view seen shared by another strong candidate Taro Kono,” said Chotaro Morita, a strategist at SMBC Nikko Securities, adding 30 trillion yen will be the ballpark number for any new stimulus regardless of who becomes next premier.

Kono, Japan‘s minister in charge of fighting COVID-19, has yet to formally declare his candidacy but has emerged as the top choice of voters according to two opinion polls.

Sanae Takaichi, who is also expressing interest in running and has the backing of former prime minister Shinzo Abe, has called for freezing a target for balancing the budget until the BOJ’s 2% inflation target is met.

Finance Minister Taro Aso declined to comment on Kishida‘s call for a stimulus package, but said he will consider compiling the budget for the year starting next April “with focus on digital, green, regional revival and ageing population.” – Reuters

Win faster with PLDT Home Fibr-powered WiFi 6 gaming router

Level up with ASUS ROG Rapture GT-AX11000!

WiFi 6 technology has been gaining popularity among gamers and streamers in the Philippines. No doubt it has become a new standard for WiFi home set-ups with its capability to strengthen internet signal and reduce latency.

This next-generation WiFi technology is now accessible to Filipinos, especially among the rising e-sports communities, as PLDT Home offers the best WiFi 6 router in the country – the ASUS ROG Rapture GT-AX11000.

Battle-Ready with WiFi 6

PLDT Home Fibr enables gamers to enjoy faster and better gaming experience as it delivers speeds of up to 1Gbps that allow equal upload and download speeds, bestfor multi-player and bandwidth-intensive online activities.

Aside from speeds, PLDT Home also gives gamers a levelled-up experience with its WiFi 6 gaming router. The ASUS ROG Rapture GT-AX11000 is known as “the beast of WiFi 6 gaming  routers” as it boasts of the most powerful router features for gamers such as the AiMesh Technology that ensures “whole home WiFi coverage” and WTFast Gaming Network Technology that optimizes connectivity for ultra-fast speeds.

Using a world-class smart technology, the WTFast Gaming Network enables devices to automatically select the fastest network traffic route, which is beneficial for those using their wireless internet for gaming as this enables triple-level game acceleration with reduced latency, lower ping, and fewer lost data packets.

Safe and Uninterrupted Gaming

This gaming-grade router also has superb security features. The ASUS ROG Rapture GT-AX11000 boasts of AiProtection Pro and Parental Control features that secure users from malware and internet-based threats even before they connect to their network.

As one of the best gaming routers in the world, the ASUS ROG Rapture GT-AX11000 is indeed a battle-ready gaming router featuring a 1.8GHz Quad-Core and 2.5GBase-T port for ultimate game performance. It also uses tri-band networking that lets users dedicate a 5GHZ band to gaming only, avoiding multiple devices at home to compete for bandwidth.

Using a dynamic frequency selection (DFS), this WiFi 6 router can also provide more bandwidth for multiple devices as it can unlock 15 channels in the least-congested 5GHZ bands. With the ASUS ROG Rapture GT-AX11000, users can increase their WiFi efficiency as it can accommodate up to 70 devices at the same time, without interrupting the internet speeds from the router.

PLDT Home subscribers can conveniently get their own ASUS ROG Rapture GT-AX11000 for as low as P1,349/month for 24 monthsby adding it on top of their internet subscription.

Now you can win faster and stream games better with a WiFi 6 gaming router from PLDT Home. Visit this link to know more.

 


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