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From omelet to octopus, Selena Gomez gets quarantine busy with TV cooking show

LOS ANGELES — Singer-actress Selena Gomez has been cooking up a storm during the coronavirus lockdown and is now ready to share her hilarious and sometimes embarrassing efforts with the rest of the world.

Selena + Chef, a 10-episode unscripted series in which famous chefs appear remotely to teach Gomez to cook dishes ranging from omelets to octopus, gets its debut on the HBO MAX streaming platform on Aug. 13.

It was shot using remote cameras inside Gomez’s kitchen in her Los Angeles area home where the “Lose You to Love Me” singer was in quarantine with her grandparents and three friends.

“I thought this would be something lighthearted, because I was getting definitely down,” Gomez, 28, told television reporters during a preview on Wednesday.

“This was an opportunity to make people smile. I hope they are going to laugh because I look like a fool,” said Gomez, whose 185 million Instagram following is one of the largest in the world. “I love cooking, I just don’t know how to do it all the time.”

Spills, burns, and sometimes inedible dishes emerge as chefs including Antonia Lofaso, Ludo Lefebvre, and Roy Choi appear on screen from their own kitchens to teach the former Disney Channel star how to tackle pasta, tacos, cookies and other meals.

The octopus did not go so well. “People really didn’t like that,” Gomez recalled. And the French omelet turned out to be more complicated than she envisaged. “It was really difficult because I am so used to doing it the American way,” said Gomez.

Gomez said she has made several of the dishes again since filming ended, but asked what she was best at whipping up fast she kept to her old favorites.

“I can kill PB and J,” she said of her peanut butter and jelly sandwiches. — Reuters

Motivating stressed-out workers during the pandemic

ELBONOMICS: If you can’t pay good money to people, at least treat them well.

I’m the human resource manager of a small factory based in Valenzuela. Many of our workers and some managers are suffering from stress and have become fearful about their health and safety due to the increasing number of COVID-19 (coronavirus disease 2019) victims. Our manufacturing setup does not allow working from home. How do we encourage our workers to keep going? — Crying Out Loud

Courage is fear that has been conquered by love for humanity. I’m happy about your concern for your workers and managers who are fearful for their lives during the pandemic. It’s really tough to cope with stress caused by the continued lockdown and the possibility of lost income. Your management should deal with these employee issues as soon as possible. At the very least, your organization should practice the minimum health protocols by shouldering the cost of basic personal protective equipment and asking everyone to wear face masks and face shields while inside the factory. In addition, your company should conduct disinfection activities every hour and in all common areas of the factory, just like what they’re doing in hospitals and other health facilities. These are the minimum standards you should follow before you can even talk about motivating the workers to hold on. In addition, you have to consider the following:

FIVE MAJOR CONSIDERATIONS

During a pandemic, it’s understandable for everyone to feel worried about other things while still having to perform. Communicating company priorities clearly, following basic health and safety protocols, dealing with the stressful work environment, and following government rules are only some of the challenges that your management may face today or in the near future.

Expect your top management to be on the watch for people (including you) who can handle themselves well under pressure and maintain professionalism. Above all, do your best to reconcile the interests of both labor and management. Don’t get caught up in the “labor” and “management” mentality and proceed as follows:

One, control the controllable situations. Conversely, don’t try to control the uncontrollable. Follow government regulations no matter how much you disagree with them. Try to do whatever is necessary to ensure the health and safety of your factory. If your company can afford it, require the workers to be temporarily accommodated inside the factory so they will not undergo the daily hassles of commuting.

Two, let the line supervisors take the lead. It’s easier that way. They understand the individual personalities of all workers assigned to them. Instead of the HR department taking the matter directly to the workforce, coach all line leaders about the basic guidelines on how to motivate their people and how to follow health and safety protocols.

Three, promote physical activity inside the factory. Stressful times are ideal for creating non-contact physical games between and among the workers after working hours. This may include simple, but effective physical exercises that you can find from the Internet. These are children’s games that would interest adults as well like solo ball skills, solo balloon volleyball, etc.

Four, quell any rumors as soon as they emerge. Small businesses are vulnerable during the pandemic. Many factories and offices have already discontinued their operations due to disruptions in supply and demand for their products. Employees do a lot of harm by speculating and spreading baseless stories. Just the same, don’t give anyone false hopes.

Last, encourage everyone to be spiritually healthy. Inspire hope and prayer with everyone. The crisis is temporary. The pandemic may not last with the impending release of vaccines and related medicines. One important thing to consider is a voluntary 30-minute prayer meeting with no focus on any religious beliefs. This may be done shortly after office hours.

TANGIBLE SOLUTIONS

Your job as HR manager is to make everyone comfortable while following, if not exceeding, basic health and safety standards. Inspirational words are important. But if you fail to back them up with tangible solutions, like providing free worker accommodation and meals after meetings, all of your efforts to motivate people will be for nothing.

In addition, you may want to provide giving free, limited Wi-Fi so everyone can communicate with their loved ones and for workers who may want to pursue online courses appropriate for the factory. Draw the line at online games though because they can be disruptve.

Under the right conditions, you may even succeed in winning everyone’s loyalty for offering such extras during a pandemic.

Send anonymous questions
to elbonomics@gmail.com
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Gross domestic product quarterly performance (Q2 2020)

THE Philippine economy shrank for the second consecutive quarter, plunging into a recession for the first time in nearly three decades, data by the Philippine Statistics Authority (PSA) showed. Read the full story.

Gross domestic product quarterly performance (Q2 2020)

TV5 in talks with ABS-CBN talents; Cathy Yang now with PLDT

TV5 Network, Inc. Chairman Manuel V Pangilinan said the media company is in talks with some of the talents of ABS-CBN Corp. for possible employment.

“I think there are ongoing conversations with talents, but it’s not as expansive as one would assume because we are being careful with any contractual arrangements that these talents have with ABS-CBN, and we would like to respect that,” Mr. Pangilinan said in a virtual briefing on Thursday.

“We are seeing what we could do to employ the cameramen, the directors, scriptwriters… or those who are behind the camera so that we could provide employment as much as we can moving forward,” he added.

He said TV5 will need more people as it is planning to produce new content.

Despite the closure of ABS-CBN’s broadcast operations, TV5 did not make money in the second quarter of the year. “I wish, but Cignal TV did,” he said.

On July 15, ABS-CBN announced that it would cease the operations of some of its businesses and implement a retrenchment program starting Aug. 31.

The decision came after House of Representatives lawmakers denied the network’s application for a franchise renewal.

CATHY YANG’S TRANSFER

Cathy Yang, former anchor and managing editor at ABS-CBN News Channel, is now part of PLDT, Inc. as group head of corporate communications, said Mr. Pangilinan, who is also the chairman, president and chief executive officer of the telecommunications company.

Ms. Yang replaces Ramon R. Isberto, who is “retiring after serving PLDT and its wireless subsidiary Smart Communications for 25 years,” the listed telecommunications company said in a statement.

“We welcome Cathy into the senior Management ranks of PLDT and Smart. Cathy is an excellent communicator and a journalist of unquestioned integrity. Her extensive experience as a financial and media person, here and abroad, will add a new dimension to our communication strategy in articulating and presenting who we are and how we perform. She will bring our era of communication into the digital space. Again, a warm welcome to Cathy,” Mr. Pangilinan said.

Ms. Yang said: “I am tremendously privileged to be part of the Philippines’ biggest telco firm PLDT, helping consumers and businesses thrive during the COVID-19 (coronavirus disease 2019) pandemic, streaming content and delivering products and services through digital connectivity.”

“We have yet to witness the power of digital connectivity on e-learning, as PLDT plays a key role in transformational education with schools resuming under the new normal. I look forward to working with the PLDT Board, our shareholders and stakeholders, in ensuring we stand front and center as a key enabler in the economy’s recovery,” she added. — Arjay L. Balinbin

PBB posts higher net income in Q2

PHILIPPINE Business Bank (PBB) posted a higher net profit in the second quarter, backed by stronger core income and trading gains.

The lender’s net income climbed 22.1% to P400.45 million in the April to June period from the P327.893 million booked a year ago, its quarterly report showed.

This brought the bank’s first-half net income to P794.9 million, increasing by 37.3% from the P578.9 million in the prior year.

PBB boosted its loan loss reserves to P400 million in the second quarter against the P75 million set aside in the same period in 2019. Total loan provisioning for the first six months ballooned to P550 million from the P150 million in January to June 2019.

“As a result of a thorough portfolio management and review processes of the Bank, PBB deemed it prudent to provide P550 million in loan loss reserves for the first half of 2020… Even as market conditions continue to be challenging, our good balance sheet position allowed us to deliver robust core income and PTPP (pre-tax pre-provision) numbers,” Roland R. Avante, president and CEO of Philippine Business Bank, was quoted as saying in a statement.

“PBB understands the critical role that the banking industry plays in our economy. Providing liquidity to our SME (small and medium enterprises) partner-clients via well-structured financing is a key driver in jumpstarting the economy. PBB remains committed to being a catalyst in the nation’s economic development as the bank of choice of the SMEs as the bank understands the opportunities present in some business sectors despite the COVID-19 (coronavirus disease 2019) [pandemic],” he added.

The bank’s net interest income climbed 39.4% to P1.39 billion in the second quarter from P998 million a year ago. This, as income from loans and other receivables rose 3.6% year on year to P1.655 billion, while earnings from investments and trading securities surged 76.4% to P128.8 million.

Non-interest expenses inched up 4.8% to P762.5 million due to higher salaries and other benefits paired with bigger costs for management, other professional fees as well as insurance expenses.

Meanwhile, the bank’s trading gains more than doubled to P259.56 million in the quarter from P114.75 million a year ago.

PBB’s core income surged 90.7% to P678.6 million last quarter from P355.88 million a year ago.

Its loans and other receivables totalled P84.35 billion as of June. Bad loans reached P2.63 billion, bringing its non-performing loan ratio to 3.09% at end-June from 2.33% at end-2019. Meanwhile, deposits stood at P95.05 billion. The bank’s loan-to-deposit ratio was at 88.74% in the quarter.

PBB’s assets stood at P114.84 billion at end-June while equity reached P14.04 billion.

The bank’s capital adequacy ratio was at 14.31%, well above the central bank’s required minimum.

PBB’s shares closed at P8 apiece on Thursday, unchanged from its previous close. — L.W.T. Noble

Group behind Golden Globe accused of monopoly conduct

THE press group that organizes the annual Golden Globe awards was accused of excluding journalists that might compete with its members.

The importance of the Golden Globes to the entertainment industry allows the Hollywood Foreign Press Association, whose members vote on the awards, to monopolize access to junkets and interviews with “hot” actors and directors, cutting out non-members, Norwegian entertainment journalist Kjersti Flaa said in an antitrust lawsuit filed Monday in federal court in Los Angeles.

Flaa says the group’s exclusionary practices are inconsistent with its status as a tax-exempt organization, which she says obligates it to protect the interests of all foreign entertainment reporters in Southern California, whether members or not. According to the lawsuit, applicants seeking to join the group are almost always rejected because most of its 87 members are unwilling to share or dilute the “enormous economic benefits” they receive as members.

“The HFPA is so focused on protecting its monopoly position and tax-free benefits that it has adopted by-law provisions that exclude from membership all objectively qualified applicants who might possibly compete with an existing member,” Flaa said.

The relatively obscure membership of the group that picks the Golden Globes and rumors that the process is rife with corruption are a staple of jokes during the awards ceremony. In 2016, host Ricky Gervais joked that stars wouldn’t want to miss a chance to win a Golden Globe, “particularly if their film company has already paid for it.”

The association said it hadn’t yet been served with the complaint.

“The HFPA takes seriously its obligations as an organization and its dedication to foreign journalism and philanthropy, and it will vigorously defend against these baseless claims,” the group said in an e-mailed statement.

The case is Flaa v. Hollywood Foreign Press Association, 20-CV-06974, US District Court, Central District of California (Los Angeles). — Bloomberg

How PSEi member stocks performed — August 6, 2020

Here’s a quick glance at how PSEi stocks fared on Thursday, August 6, 2020.


PHL consumer spending seen declining 7.8% in 2020 — Fitch

HOUSEHOLD SPENDING will decline by 7.8% this year with consumption expected to remain muted over the remainder of 2020, failing to recover to its pre-pandemic levels even when lockdown restrictions ease, according to Fitch Solutions Country Risk and Industry Research.

“We now forecast household consumption growth to come in at -7.8% in 2020, before a gradual rebound to 5.5% in 2021,” Michael Langham, Senior Asia Country Risk Analyst for Fitch Solutions, said in an e-mail. The analysis factors in the two-week reversion to modified enhanced community quarantine in Metro Manila and nearby provinces.

This latest estimate reverses the 3.4% household spending growth outlook it issued in May.

“The pandemic and related economic shock has hit households through several channels: a deteriorating labor market, weaker remittances, (and) a confidence shock, which will prompt higher savings rates,” Mr. Langham said.

He added willingness to consume will be dampened over the coming quarters.

Travel mobility, shopping, and recreation were down by an average of 53.6%, Fitch Solutions said in a note Thursday, citing data from Google. Mobility to essential stores like groceries and pharmacies also declined by an average of 23.5% between June 1 and July 19, when restrictions were gradually eased.

“This suggests that significant demand-side risks still exist in the country and many consumers are still not returning to pre-COVID-19 retail,” Fitch Solutions said.

It said spending patterns have been disrupted with the most exposed categories thought to be cosmetics and hospitality.

Temperature checks, queues, and social distancing are also expected to diminish the appeal of shopping and dining out, thereby affecting consumption related to fashion, homeware, and food services.

“While in the short term it will take time for consumers to adapt to the new normal, the easing of lockdown restrictions is good news for the country’s economy,” it said. — Luz Wendy T. Noble

Companies required to have isolation rooms for sick workers

BUSINESSES may soon be required to set up or have access to isolation rooms, according to upcoming health protocols to be released by the government.

Companies may either set up their own coronavirus disease 2019 (COVID-19) isolation room or partner with a nearby institution, Trade Secretary Ramon M. Lopez said in a television interview Thursday.

Para kung may mga mag-positibo sa kanilang hanay na mga workers, meron paglalagyan ng mga isolation rooms. At pinaigting pa ‘yung protocol dito, ‘yung pagte-testing, pag-PCR (polymerase chain reaction) test nitong mga symptomatic o kaya ‘yung mga dineclare na may exposure (In case any worker tests positive, the companies will need isolation rooms. The protocols have been tightened up on this. They also need to conduct PCR testing of symptomatic cases or those who were exposed),” he said.

Small businesses with fewer resources can work with their local government health response team for isolation measures, he said.

The new health protocols are awaiting approval from the Inter-Agency Task Force managing the coronavirus outbreak.

Businesses will also be required to have health protocol training sessions and assign health officers, and will be audited more frequently.

These protocols will be required regardless of the severity of the lockdown declared over any given area.

At saka ‘yung required na pagre-report ng mga cases dahil ‘yung mga iba na nakarating sa atin minsan may kaso na hindi pa nare-report (A reporting requirement will also be in place, because there have been cases that went unreported),” Mr. Lopez said.

In March, the National Privacy Commission warned companies against disclosing the identities of employees under investigation or confirmed positive for COVID-19. They said businesses should only collect data required by the government and ensure safeguards are in place to secure the information.

Public announcements on cases should only come from the Department of Health instead of company press releases, the commission said. — Jenina P. Ibañez BUSINESSES may soon be required to set up or have access to isolation rooms, according to upcoming health protocols to be released by the government.

Companies may either set up their own coronavirus disease 2019 (COVID-19) isolation room or partner with a nearby institution, Trade Secretary Ramon M. Lopez said in a television interview Thursday.

Para kung may mga mag-positibo sa kanilang hanay na mga workers, meron paglalagyan ng mga isolation rooms. At pinaigting pa ‘yung protocol dito, ‘yung pagte-testing, pag-PCR (polymerase chain reaction) test nitong mga symptomatic o kaya ‘yung mga dineclare na may exposure (In case any worker tests positive, the companies will need isolation rooms. The protocols have been tightened up on this. They also need to conduct PCR testing of symptomatic cases or those who were exposed),” he said.

Small businesses with fewer resources can work with their local government health response team for isolation measures, he said. The new health protocols are awaiting approval from the Inter-Agency Task Force managing the coronavirus outbreak.

Businesses will also be required to have health protocol training sessions and assign health officers, and will be audited more frequently. These protocols will be required regardless of the severity of the lockdown declared over any given area.

At saka ‘yung required na pagre-report ng mga cases dahil ‘yung mga iba na nakarating sa atin minsan may kaso na hindi pa nare-report (A reporting requirement will also be in place, because there have been cases that went unreported),” Mr. Lopez said.

In March, the National Privacy Commission warned companies against disclosing the identities of employees under investigation or confirmed positive for COVID-19. They said businesses should only collect data required by the government and ensure safeguards are in place to secure the information.

Public announcements on cases should only come from the Department of Health instead of company press releases, the commission said. — Jenina P. Ibañez

Senate resolution seeks inquiry into farm aid funds disbursement

THE Senate Committee on Agriculture and Food said it will be looking into the disbursement of the Agricultural Competitiveness Enhancement Fund (ACEF) to expedite the delivery of aid to farmers during the pandemic.

Under Senate Resolution No. 347, the committee asks the Department of Agriculture (DA) to report on the status of the fund, intended to provide support to farmers.

“We would like to know if the funds are being distributed and utilized for their intended purposes and beneficiaries,” Senator Cynthia A. Villar said in a statement Thursday.

“The Senate Committee which I chair has oversight authority over ACEF, so we would like to look into it and get regular updates from the DA.”

Ms. Villar also said the committee will be asking the Department of Budget and Management about farmer complaints regarding unreleased funds.

“We are in a crisis now, so farmers need all the support they can get… If the funds are there, then they should be released to the farmers and fisherfolk.” The fund was provided under the Agricultural Tariffication Act, which expired in 2015, but was later extended until 2022. Ms. Villar also said the inquiry will deter any misuse of the funds.

“ACEF was mishandled and misused before. We don’t want a repeat of that,” she said.

“The loans were extended to big corporations and influential people instead of to small farmers and fisherfolk.”

The law provided that 80% of the fund will be disbursed in the form of credit with minimal interest and should not exceed P5 million per project loan. This covers the acquisition and establishment of agri-based production and processing machineries, equipment and facilities.

The other 10% will be extended as grants for agricultural research and development, while the remainder will be used for scholarship grants and grant-in-aid programs. — Charmaine A. Tadalan

DoE sets energy-saving threshold at 15% to qualify for tax breaks

THE Department of Energy (DoE) said it is preparing guidelines for granting fiscal incentives for energy efficiency and conservation (EEC) projects, setting 15% in projected energy savings as the qualifying standard.

In a draft circular, the department outlined the process for acquiring its endorsement to the Board of Investments (BoI) to avail of income tax holidays and other incentives for energy-saving projects.

The department’s Energy Utilization and Management Bureau will be in charge of the applicants, and track projects granted tax breaks.

“The anticipated savings, due to energy efficiency and conservation measures to be installed/adopted will be double-checked by the technical staff without prejudice to making his own calculations,” it said.

“I(n) case discrepancies arise, the calculation of the technical staff shall be regarded as final,” it added.

The final decision on providing such incentives, though, lies with the BoI.

Republic Act No. 11285, or the EEC Act, requires the BoI to include energy-saving projects in the annual investment priorities plan for incentives provided under Executive Order No. 226, or the Omnibus Investments Code.

The guidelines provide for penalties against applicants failing to file a report within 30 days after the completion of their projects, and also require independent verification of any energy-saving claims.

The DoE is soliciting comments on the draft circular until Aug. 17. — Adam J. Ang

Rural utilities told to use locally available resources to power remote areas

THE National Electrification Administration (NEA) said off-grid power providers must use locally-available resources when possible to ensure affordable and reliable electricity.

The agency, which is tasked with fully energizing the country, told rural utilities in a recent virtual consultation to study electrification solutions drawing on locally-available resources.

“Energy access matters during the pandemic. Hence, we urge the electric cooperatives to consider setting up microgrids and solar home systems to connect remote communities without access to electricity,” NEA Administrator Edgardo R. Masongsong was quoted as saying in a statement.

The Department of Energy will be assisting electric cooperatives developing small-scale power facilities running on renewable sources like hydro and solar, according to Undersecretary Emmanuel P. Juaneza.

The NEA is celebrating its 51st anniversary this month, which is also National Electrification Awareness Month.

Recently, it launched a strategy conference with 121 electric cooperatives to draft a two-year sustainability plan, which includes enhancements to the industry’s resiliency during the pandemic.

The Philippines is now 96% electrified with around 13.81 million households powered out of 14.34 million. — Adam J. Ang