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W Hydrocolloids acquires stake in seaweed production facility

SEAWEED manufacturer W Hydrocolloids, Inc. (WHI) announced its recent acquisition of a stake in a company operating a seaweed production facility, as part of its efforts to strengthen production.

In a statement, WHI said it had acquired the stake of food manufacturer Cargill in Philippine Bio-Industries, Inc. (PBI) and its fully automated refined carrageenan facility that produces carrageenan and carrageenan blends.

After the acquisition, WHI will manage the production facility in Canlubang, Laguna that uses patented European technology to produce fully refined carrageenan from local seaweed raw materials.

WHI President John Wee said the move is in line with the company’s efforts in expanding its product portfolio.

“WHI is committed to provide safe and sustainable food solutions especially in this period of uncertainty,” he said.

Sonny Catacutan, Cargill country representative for the Philippines, said the company would continue its carrageenan production in its Europe plant.

“The Philippines remains an important market for Cargill and the company will continue to invest in the country and develop its businesses to meet the growing domestic demand for food and agriculture products,” Mr. Catacutan said.

PBI’s facility, which started its operations in November 1992, complies with a strict environmental protection program to limit its impact on the environment, while also providing a safe working environment for its employees.

“The state-of-the-art plant is fully compliant with Halal and Kosher requirements,” the statement said.

WHI, a subsidiary of W Group Inc., has business interests in food ingredients manufacturing, real estate development, and financial portfolio management. — Revin Mikhael D. Ochave

Deutsche Bank leaders were warned of lapses

DEUTSCHE BANK AG’s top leaders were warned multiple times about serious compliance failures that exposed the bank to money launderers, a news investigation shows.

The supervisory board and committees that included Chairman Paul Achleitner were informed in 2013 and 2014 of anti-money laundering problems on at least three occasions, according to a BuzzFeed News story. Presentations at the time showed how the bank was struggling to vet its clients and facing technology as well as staffing issues for its compliance team, BuzzFeed wrote.

The report raises fresh questions how much the bank’s top leadership knew about issues such as the mirror trade scandal in Russia, which allowed clients there to move billions of dollars out of the country between 2011 and 2015 while circumventing anti-money laundering controls. Deutsche Bank has since invested heavily in boosting oversight, cut down its operations in Moscow and settled probes into the matter with US and UK regulators. An inquiry by the US Department of Justice is ongoing.

Many of the bank’s compliance and regulatory issues occurred before Mr. Achleitner took over in 2012, allowing him so far to avoid being dragged into the worst of the issues. He’s changed CEOs several times and presided over a period in which the bank paid billions to settle probes and pledged to improve internal controls.

The issues raised in the report “have already been investigated and led to regulatory resolutions in which the bank’s cooperation and remediation was publicly recognized,” a Deutsche Bank spokesman said in an email that didn’t comment directly on Mr. Achleitner’s involvement. “We have devoted significant resources to strengthening our controls and we are very focused on meeting our responsibilities and obligations.”

SEWING’S ROLE
BuzzFeed also reported that a team from Deutsche Bank’s audit division conducted a review of the Moscow operation in 2014 and gave the office a “green” rating. Christian Sewing, now the bank’s chief executive officer (CEO), was global head of audit at the time, though he had no “direct or indirect involvement” in that probe, a Deutsche Bank spokesperson told BuzzFeed.

Mr. Sewing oversaw an internal investigation of the mirror trades the following year, which led to the lender shuttering its securities unit in the country. Mr. Achleitner appointed him CEO three years later.

The bank later on Monday published a memo on its internal website that detailed Mr. Sewing’s responsibilities and actions at the time. Mr. Sewing “immediately” initiated the internal investigation when the problem at the bank’s Russian operations “surfaced in 2015 in its whole dimension,” the bank wrote in the memo.

“The insinuation that he was responsible for the late uncovering of the mirror trade business are constructed and false,” it said.

TREASURY REPORT
BuzzFeed wrote that the volume of Russian money flowing into the US financial system was so big that a team of experts at Bank of America raised the issue at a meeting with Deutsche Bank in London in early 2016. The issue was eventually escalated within Bank of America and one of its senior managers raised the issue with Mr. Achleitner himself. Bank of America in February of that year filed a suspicious activity report with the US Treasury department.

Deutsche Bank in a statement cast doubt over some elements of that report, saying in Germany’s two-tier board system, it wouldn’t have been the role of the supervisory board chairman to get involved in the matter. Instead, it was the chairman of the management board — John Cryan at the time — who had a meeting with a Bank of America executive.

“It would not have been the place of Paul Achleitner to get involved in managing the interactions with Bank of America, nor do we have any record of him doing so,” a Deutsche Bank spokesman said by e-mail. “The Supervisory Board diligently exercised its oversight responsibility with regards to the mirror trading matter and potential money laundering in connection with Russia. Consequences have been taken where and as appropriate, including on the management board level.”

Bank of America declined to comment. — Bloomberg

Manansala and Legaspi paintings the highlight of Salcedo’s Sept. auctions

THE TWO centerpieces to Salcedo Auctions’ seventh edition of its grand September auction, The Well-Appointed Life, are National Artist Vicente Manansala’s Quiapo, and National Artist Cesar Legaspi’s Descent.

The auction, slated to run from Sept. 26 to 27, includes the Connoisseur Collection (furniture, clothing, and objets d’art) in the morning of the 26th, Important Philippine Art that afternoon, and fine jewelry and rare automobiles on the 27th. The auction runs live and online, with a small number of people allowed in for the live auction, bidding against absentee bidders.

“This one is different in the sense that it’s a representative of a genre of his work, where colors are celebrated very significantly,” said Mr. Legaspi’s son, Dennis, of Descent at an online preview of the auction last week. He noted the colors green and red in the palette. “The significance of that is that my dad, as many know now, was colorblind. He doesn’t see greens and reds except in shades of gray and brown. He actually sees that only in his mind. What he sees are grays and browns. He has a very systematic way of looking at the colors.”

Descent is a 1980 oil on canvas work measuring 53 x 39 inches, which the auction house estimated was worth between P11 million to P15 million. “The National Artist depicts figures whose taut bodies twist in the midst of powerful exertion, their expressions following in similar vein. A recurring motif in the oeuvre of the artist, Legaspi perfects projecting the tension of physicality through the stretched musculature of the human anatomy,” said the catalog’s notes.

“The work is one of liberation as the central figure carries a luminous cloak above the others, spreading soft rays that glaze over and penetrate their extended bodies. The light subsumes a tangible weight, cascading onto the people below as its bearer accepts the limpid cloth-like form with humble acceptance. Its flowing sheets are placid in contrast to the rigid forms below it. A juxtaposition of dark and light, tension and ease, Legaspi presents here his treatise that in as much as there is struggle, stronger still is the opposing presence of hope.”

A portion of the proceeds of the sale of the works by Cesar Legaspi at the auction will be going to fund the community programs of Hands On Manila, Inc.

FROM JEEPNEYS TO QUIAPO
Manansala’s Quiapo (estimate P4.8 million to P6 million) was created in 1953, just a few years after his iconic Jeepneys. The work is oil painted on board, measuring 19.5” x 24” and depicts a scene familiar to many: the Quiapo Traslacion of the Black Nazarene.

“If you can come, view the gallery, because when you see this painting in person, it really looks like it’s glowing. It’s the way the painting is composed, how the huge doorway allows light to shine on the Black Nazarene during the Traslacion,” said Monica Fernandez, Senior Marketing and Communications Officer for Salcedo Auctions. The catalog notes, “In this powerful depiction of the procession of the Black Nazarene in Quiapo, Manansala captures the phenomenon for what it is — a moment of cosmic intensity brought by a communal religious experience.”

Several more works by National Artists are also up for auction: Jose Joya’s Kundiman has an estimate of P2.8 – P2.95 million, while Ang Kiukok’s Rosary Queen has an estimate of P5.8 – P6.5 million. Another Ang Kiukok, Harvest, is expected to create some buzz, with an estimate of P12.8 – P14 million. Other big names in the catalog include National Artists H.R Ocampo, Napoleon Abueva, and Arturo Luz, along with Mauro “Malang” Santos, Romulo Olazo, Juvenal Sanso, Ronald Ventura, and Ramon Orlina.

In the weekend’s Connoisseur Collection segment, up for auction are a wooden Ferragamo bag, excavated gold artifacts, ancient Chinese porcelain, and two Mariposa sofas. Among the jewelry are a diamond and ruby cocktail ring, a pair of star sapphire earrings, two Patek Philippe watches, and several emeralds of excellent quality.

Salcedo Auctions director Richie Lerma said during the webinar cum launch, “Under these circumstances, we are all apart, in one way or the other, but somehow, it’s art that keeps us together.

“It really gives us joy in the midst of everything that’s going on. I think that’s why there remains that strong interest in art, particularly in the works of the greats.”

Visit salcedoauctions.com/auctions to register for the auction on Sept. 26-27, as well as view the catalog. The live auction will be held at the galleries in NEX Tower, 6786 Ayala Avenue, Makati City. —  J.L. Garcia

Globe claims broadband prices dropped by over 60% since 2016

GLOBE TELECOM, Inc. said Tuesday the prices per gigabyte (GB) of its broadband services have gone down by more than 60% since 2016.

“Globe At Home wired customers… now have unlimited data access compared to paying up to P13 per GB in 2016,” Globe said in an e-mailed statement.

The listed telecommunications services provider said the price per GB of its postpaid LTE service has gone down to P9 per GB over the last two years.

It also noted that its prepaid WiFi customers now pay only P9 per GB from P23 in 2017, P15 in 2018, and P10 last year.

The company said the price per GB it offers to its prepaid customers is among the “lowest” in the ASEAN region.

“Globe’s P11.25 per GB with its new Go prepaid promo is more affordable compared to Thailand (P190.59), Singapore (P35.60), and Indonesia (P32.76),” Globe said.

To recall, the Philippines ranked 66th out of 85 countries in the 2020 Digital Quality of Life report released last month.

In terms of Internet affordability and internet quality, the Philippines ranked 79th and 84th, respectively.

In July, President Rodrigo R. Duterte threatened to shut down the existing telecommunications giants if they fail to improve their services by December.

Globe said recently it had invested a total of P20.9 billion in its network rollout in the first half of the year, “10% higher than last year and representing 29% of its gross service revenues and 54% of EBITDA” or earnings before interest, taxes, depreciation, and amortization.

It said the bulk of the capex went to data-related requirements.

The telco’s home broadband revenue surged by 16% to P6.73 billion in the second quarter from the previous quarter’s P5.78 billion, while the corporate data revenue dropped by 9% to P2.95 billion from P3.25 billion. — Arjay L. Balinbin

Arts & Culture (09/23/20)

BP Onstream Masterclass presents Lisa Macuja

BALLET Manila’s Artistic Director and CEO Lisa Macuja-Elizalde will hold a masterclass on Sept. 23, 4 p.m., as part of Ballet Philippines series of online dance masterclasses on ballet.ph/. Registration to the masterclass is free.

CCP presents a virtual jazz festival

THE Cultural Center of the Philippines (CCP) presents a music festival featuring Filipino jazz talents which will be streamed live online via  the Facebook pages of the CCP and the CCP Office of the President on Sept. 25-27 and Oct. 2-4, at 7:30 pm. JAZZ STAY AT HOME: Virtual Jazz Festival 2020 is free to the public, and will feature Nicole Asensio, Baihana, Tots Tolentino, Michael Guevarra, Simon Tan Trio, Pipo Cifra, Lorna Cifra, and other notable names in the Philippine jazz scene. It will be hosted by musician and CCP Trustee Stanley Seludo. The festival opens on Sept. 25 with Timeless Jazz, a selection of all-time favorite jazz songs presented by singer/songwriter Nicole Laurel Asensio. On Sept. 26, there will be a lecture-demo concert titled Saxophone Music Production at Home with saxophonist and musical arranger Michael Guevarra.  His talk includes topics like live recording and Midi sequencing for Minus 1. It will be followed by Pinoy Jazz, a showcase of all-original jazz compositions featuring Baihana. On Sept. 27, sax player Tots Tolentino performs in Free Jazz. On Oct. 2, The Wonderful World of Bossa Nova features multi-awarded musical director, composer, and arranger Peter Paul “Pipo” Cifra as he talks about the fundamentals of jazz and its use in the composition of Bossa Nova. This is followed by Improvisation and All That Jazz with Japan-based Bossa Nova artist Lorna Cifra. On Oct. 3, Modern Jazz will be presented by the Simon Tan Trio, while on Oct. 4, the festival closes in a showcase of jazz greats featuring Baihana, Simon Tan Trio, Nicole Laurel Asensio and Tots Tolentino.

Contemporary dance performance highlights social media’s beauty standards

ANG NATUTULOG na si Byuti, a contemporary dance performance, tackles how social media and its depiction of today’s concept of beauty affects the mental health of youth and spotlights self-acceptance and self-love. A metaphorical retelling of the classic fairy tale Sleeping Beauty,  it tells the story of a 15-year-old whose pursuit of social media fame creates a confident online persona that masks her burgeoning inferiority complex, anxiety and body image issues. The adaptation is directed by former Ballet Philippines principal dancer Carissa Adea. Written by Kayla Coseteng, Michelle Miranda, and Princess Balido, the show is performed by the Saint Benilde Romancon Dance Company of the De La Salle-College of Saint Benilde. Ang Natutulog na si Byuti is free and the premiere online performance will be on Sept. 25 at 6 p.m. on the group’s official Facebook account at https://www.facebook.com/romancondanceco.benilde.

Online concert raising funds to build church

EVERY October, the Franciscan Order holds its Francisfest in honor of its founder St. Francis of Assisi. This year, Francisfest will be having an eight-day online concert entitled Build My Church on a Song, featuring two Asian opera singers — Rachelle Gerodias, the country’s premier soprano, and her husband, Byeong-in Park, South Korea’s renowned baritone — with a special message of hope from Jose Mari Chan. The concert will premiere on the Feast Day of St. Francis of Assisi, Oct. 4, 8 p.m., and will run until Oct. 11, 11 p.m. It can be viewed through the Santuario de San Antonio Parish (SSAP) YouTube channel and Facebook page. The major beneficiary of the concert will be the St. Clare of Assisi Parish in Dagat-Dagatan, Malabon which is in need of a church where for Masses, prayers, formation, counseling and community building. Construction will begin in 2021. Proceeds of this event will likewise support the various SSAP Parish Outreach Programs: Hospital (Philippine General Hospital and Rizal Medical Center), Restorative Justice (Makati City Jail and Taguig City Jail), Scholarship, Livelihood, Eco-Justice, Relief and Rehabilitation, and Pastoral Care for Franciscan Vocations. For inquiries and donation details, contact Tina, Francisfest 2020 Solicitation Committee Head, e-mail cit.sunshines@gmail.com or call/text/Viber 0917-819-1649.

Filipino-American artist JEFRË to show at Florida museum

FILIPINO-American artist JEFRË, whose work includes the Tree of Life in Robinsons Place Naga, the Sculpture Series at SM Aura in Bonifacio Global City, and the upcoming 20-storey monument, The Victor at Robinsons Bridgetowne, will be holding his first solo exhibit, Points of Connection, at the Orlando Museum of Art from Oct. 3 to Jan. 3, 2021. Designed to be a touchless, interactive show, JEFRË: Points of Connection will be among the first museum exhibits to launch in the wake of the coronavirus disease 2019 (COVID-19) pandemic. “JEFRË creates artworks that express the spirit of our time with energy and optimism,” Hansen Mulford, Senior Curator of the Orlando Museum of Art, is quoted as saying in a release. “Exploring his own visual language, rooted in personal experience, contemporary culture and social concern, his work strives to make connections and draw people together.” JEFRË: Points of Connection is an interactive exhibit featuring 40 new human-scale, site-specific installations and sculptures spread across an 800 sqm floor space. The artist’s past projects will be displayed alongside a series of sculptures that take visitors through an interactive and personal journey guided by stanzas from “Heart to Heart,” a poem written by the artist. The installations explore the artist’s personal history as a child of immigrants, survivor of heart disease, and his practice as a city placemaker. JEFRË’s work can be found in Metro Manila, Bicol, New Orleans, San Antonio, London, and Miami. For his latest work, visit his official Facebook page:  https://www.facebook.com/Studio-JEFRE-1671692746403819; and follow him on Instagram: @jefre_artist.

How PSEi member stocks performed — September 22, 2020

Here’s a quick glance at how PSEi stocks fared on Tuesday, September 22, 2020.


Philippines moves two places higher in economic freedom ranking

philippines moves two places higher in economic freedom ranking

Peso weakens as sentiment sours on virus fears

THE PESO weakened on Tuesday amid worsening sentiment as coronavirus disease 2019 (COVID-19) cases continue to rise.

The local unit closed at P48.46 versus the dollar on Tuesday, down by 9.5 centavos from its P48.365 finish on Monday.

The peso opened Tuesday’s session at P48.46 versus the dollar. It reached a high of P48.415 while its weakest showing was at P48.49 against the greenback.

Dollars traded dropped to $548.8 million on Tuesday from $662.83 million on Monday.

Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said the peso declined as US stocks dropped.

“The peso was weaker amid the continued profit taking in the US stock markets index [sliding] to one-month-and-a-half lows that led to some demand for the dollar as a safe haven,” Mr. Ricafort said in a text message.

Wall Street’s main indexes closed lower on Monday as concerns about new lockdowns in Europe and possible delays in fresh stimulus from Congress raised fears the US economy faces a longer road to recovery than previously hoped for, Reuters reported.

Wall Street has tumbled in the past three weeks as investors dumped heavyweight technology-related stocks following a stunning rally that lifted the S&P 500 and the Nasdaq to new highs after plunging in March as economies entered recession.

A new round of business restrictions would threaten a nascent recovery and further pressure equity markets. The first lockdowns in March led the S&P 500 to suffer its worst monthly decline since the global financial crisis.

The Dow Jones Industrial Average fell 509.72 points or 1.84% to close at 27,147.70; the S&P 500 lost 38.41 points or 1.16% to 3,281.06; and the Nasdaq Composite dropped 14.48 points or 0.13% to 10,778.80.

Meanwhile, a trader said the peso weakened as the public expect more cases of COVID-19.

“The peso weakened due to market caution amid fears of a second wave contagion,” the trader said in an e-mail.

For today, Mr. Ricafort sees the peso moving from P48.40 to P48.55 versus the dollar while the trader expects the local currency to range from P48.35 to P48.55.

Stocks fall on virus worries as Europe cases rise

LOCAL SHARES declined on Tuesday as investors started worrying about the rise in coronavirus disease 2019 (COVID-19) cases overseas.

The bellwether Philippine Stock Exchange index (PSEi) slid 15.04 points or 0.25% to close at 5,894.28. The broader all shares index trimmed 4.84 points or 0.13% to end at 3,543.93.

“Philippine shares weakened amid concerns about the COVID-19 trajectory in Europe…,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message.

Several European countries have again imposed restrictions as COVID-19 cases there surged to 4.49 million as of Tuesday. A total of 42,965 new cases have been recorded across the region in just the last two days.

This prompted Britain to consider a national lockdown. Prime Minister Boris Johnson was expected to announce new restrictions yesterday.

“The PSEi continued sideways again and ended with a slight loss… A spike in new COVID-19 cases abroad may have negatively affected the sentiment,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.

After nearly nine months since the virus broke out in Wuhan, China, COVID-19 has infected 31.32 million individuals and killed 964,765 worldwide, based on data from Johns Hopkins University.

The dampened sentiment put most sectoral indices at the PSE in red territory at the market’s close. Financials shed 8.69 points or 0.75% to 1,142.55; property lost 17.77 points or 0.64% to 2,744.43; industrials dropped 15.82 points or 0.20% to 7,803.99; and mining and oil slipped 6.82 points or 0.11% to 6,007.89.

On the other hand, services gained 1.56 point or 0.10% to 1,455.41, and holding firms climbed 4.06 points or 0.06% to 6,146.71 at the end of Tuesday’s session.

Some 4.4 billion issues valued at P4.63 billion switched hands on Tuesday against Monday’s 2.13 billion issues worth P4.27 billion.

Decliners outpaced advancers, 105 against 86, while 46 names ended unchanged.

Net foreign selling increased to P655.13 million on Tuesday from P551.85 million a day ago.

Asian shares were broadly weaker Tuesday as possible delays in expanded US stimulus and concerns about fresh pandemic lockdowns in Europe dented the recent positive sentiment towards global equity markets, Reuters reported.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.68%.

A burst of positive sentiment emerged briefly in China as the blue-chip index traded higher, but the market then again slipped into negative territory.

Japanese markets were closed for a public holiday.

Overnight on Wall Street, the Dow Jones Industrial Average fell 1.84%, the S&P 500 lost 1.16%, and the Nasdaq Composite dropped 0.13%. — Denise A. Valdez with Reuters

Virus deaths top 5,000 as cases near 300,000

THE PHILIPPINE death toll from the coronavirus pandemic exceeded 5,000 on Tuesday, as infections rose to 291,789, according to the Department of Health (DoH).

Deaths rose to 5,049 after 50 more patients died, while recoveries increased by 450 to 230,643, it said in a bulletin. The agency reported 1,635 new coronavirus disease 2019 (COVID-19) infections.

There were 56,097 active cases, 86.4% of which were mild, 9.2% did not show symptoms, 1.3% were severe and 3.1% were critical.

Of the new cases, 583 came from Metro Manila, 102 from Cavite, 97 from Iloilo, 67 from Rizal and 57 from Cebu, the agency said.

Metro Manila had the highest number of new deaths with 20, followed by Western Visayas with 10, the Calabarzon region with eight and Central Luzon with four, it said.

Zamboanga Peninsula reported three, Cordillera Administrative Region had two, the Bicol region, Central Visayas and Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) reported one each, DoH said.

More than 3.2 million individuals have been tested for COVID-19, the agency said.

Meanwhile, 13 hospitals will participate in the World Health Organization’s (WHO) so-called solidarity coronavirus vaccine trials, according to the Department of Science and Technology.

An inter-agency task force against the virus approved the agency’s zoning plan for the trials, Science and Technology Secretary Fortunato T. de la Peña said in a statement on Monday.

The 13 hospitals are located in eight zones where the vaccines will be tested, he said.

Nine of them are in Metro Manila — Philippine General Hospital, Manila Doctors Hospital, San Lazaro Hospital, Lung Center of the Philippines, St. Luke’s Medical Center-Quezon City, Research Institute for Tropical Medicine, Makati Medical Center, The Medical City and St. Luke’s Medical Center–BGC are.

Also included are Vicente Sotto Memorial Medical Center, Chong Hua Hospital in Cebu City, De La Salle Health Sciences Institute in Cavite, and Southern Philippines Medical Center in Davao City.

The Science and Technology department earlier said the areas had been picked based on their transmission rates.

The solidarity trials will start in October and is expected to be completed by the second quarter of next year, Mr. de la Peña said.

The Philippines has a deal with five vaccine developers to enable clinical data sharing, he added.

Ventilators developed by local groups are being tested at the agency, with three groups developing ventilators, it said.

Meanwhile, Vice President Maria Leonor G. Robredo said there is more to fighting the coronavirus pandemic than waiting for a vaccine and “spraying pesticides.”

“I think it’s not enough that just because we have a hospital, bed and funeral parlor, we only need to wait for a vaccine,” she said in a Facebook post late Monday.

This comes after President Rodrigo R. Duterte lashed out at the opposition including Ms. Robredo for criticizing the government’s response to the pandemic.

“They say we are not doing enough, what can we do with the virus that is flying around?” Mr. Duterte said in a recorded speech.

He said only a vaccine could solve the pandemic, adding that critics should instead ride a plane and spray pesticides all over the country, especially Manila.

Ms. Robredo said there the government must address “main challenges” amid the pandemic. The government should control the pandemic through “medical and non-medical interventions,” she added.

She also said the country could overcome humanitarian emergencies, including poverty, hunger, unemployment and mental distress by restructuring public and private finances and the whole economy “in an inclusive, resilient and sustainable way.”

Mr. Duterte has been faulted for his  militaristic approach in containing the virus, instead of dealing with the health and economic aspects of the pandemic.

Defense Secretary Delfin Lorenzana, the head of the national task force had said the Philippines was seeking to flatten the curve by the end of September.

In epidemiology, the idea of slowing a virus spread so that fewer people need to seek treatment at a time is known as flattening the curve.

The curve researchers are talking about refers to the projected number of people who will get infected over time.

The coronavirus has sickened 31.5 million and killed about 970,000 people worldwide, according to the Worldometers website, citing various sources including data from the World Health Organization (WHO).

More than 23,000 people have recovered from the virus, it said.

It added that active cases stood at 7.4 million, less than 1% of which or 61,880 were either serious or critical, according to the website.

The United States had the most infections at more than seven million, followed by India with 5.6 million and Brazil with 4.6 million. The US also had the most deaths at 204,506, Brazil had 137,350 and India had 88,965.

Local coronavirus infections have slowed, while the country’s healthcare system has improved, the government said earlier this month, citing a study by researchers from the University of the Philippines.

Metro Manila, Batangas, Bulacan, Tacloban, and Bacolod are under a general community quarantine, while the rest of the country is under a more lax modified general community quarantine. Iligan City is the sole area in the country that is under a modified enhanced community quarantine. — Vann Marlo M. Villegas and Kyle Aristophere T. Atienza

Local units have final say on travel limits, Tourism agency says

Local governments will have the final say on whether to allow the entry of travelers from Metro Manila even after lockdown measures are eased by the National Government, according to the Tourism department.

Local governments in areas that are reopening for tourists have agreed that only locals are allowed to travel within their region, Tourism Secretary Bernadette Romulo-Puyat told an online news briefing on Tuesday.

“Tourism is now allowed but again, with the concurrence of the local government unit,” she said in mixed English and Filipino.

Trade Secretary Ramon M. Lopez on Monday said Metro Manila should shift to a modified general community quarantine by October so more sectors could reopen.

The Tourism department launched a program for Northern Luzon where as many as 200 tourists may enter Baguio City daily starting Oct. 1. Other areas in the region may accept up to 50 travelers daily.

Baguio City Mayor Benjamin B. Magalong said the won’t accept tourists yet from Metro Manila, considered as the local center of the pandemic.

Of the new COVID-19 cases on Tuesday, 583 came from Metro Manila, 102 from Cavite, 97 from Iloilo, 67 from Rizal and 57 from Cebu, the agency said.

Meanwhile, P400 million of funds originally meant to rehabilitate Burnham Park in Baguio City had been channeled into the government’s anti-coronavirus efforts, Ms. Puyat said. The project will resume once funds become available, Mr. Magalong said. — Jenina P. Ibañez

House supermajority wants speakership term-sharing junked

THE HOUSE of Representatives supermajority wants Speaker Alan Peter S. Cayetano to keep his post instead of letting Marinduque Rep. Lord Allan Q. Velasco take over under an original term-sharing deal.

The speaker enjoyed the trust of most congressmen amid a threat to unseat him over the inequitable share of lawmakers’ districts in next year’s national budget, Deputy Speaker Luis Raymund F. Villafuerte told the ABS-CBN News Channel on Tuesday.

“The supermajority of congressmen would like Speaker Alan Cayetano to continue,” the congressman from Camarines Sur said. He added that the House performance has improved under Mr. Cayetano’s leadership during the pandemic.

“Even during a break, it still works,” Mr. Villafuerte said. “Its rating increased, the highest rating ever for the House of Representatives.”

Mr. Cayetano will resolve the complaints from one or two lawmakers, he added.

Mr. Villafuerte said Mr. Velasco does not stand a chance without the intervention of President Rodrigo R. Duterte in the speakership. Mr. Velasco did not answer a phone call seeking comments.

The President brokered the term-sharing pact between Mr. Cayetano and Mr. Velasco in 2018. Mr. Cayetano will serve as speaker for 18 months up to October, while Mr. Velasco will get to keep the post for 21 months.

Presidential spokesman Harry L. Roque told an online news briefing on Monday that while Mr. Duterte hopes that both would honor the deal, he could do anything if Mr. Velasco does not have the support.

Some congressmen have complained of an inequitable share in the P4.5-trillion national budget for next year, threatening to delay the passage of the bill.

Presidential Son and House Deputy Speaker Paolo Z. Duterte at the weekend threatened to stage a coup against Speaker Alan Peter Cayetano after some lawmakers complained of inequitable shares for their districts in the 2021 national budget.

Mr. Duterte on Sunday said he had sent a message to a group of lawmakers on Viber that he would ask the Mindanao bloc of congressmen on Monday to declare the positions of speaker and deputy speakers vacant. That threat did not materialize.

Mr. Cayetano and his wife Lani represent the two legislative districts of Taguig City, while Mr. Villafuerte represents the second district of Camariñes Sur, a province ruled by the Villafuerte clan.

Mr. Villafuerte said they were not fighting for their own personal interests, adding that congressional districts’ needs vary. — Kyle Aristophere T. Atienza

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