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20,000 paper birds help fund COVID-19 units at Belgium hospital

BRUSSELS — A flock of 20,000 multicolored origami birds has been installed in a cathedral in Brussels, Belgium, as part of a fundraising artwork that has paid for two COVID-19 (coronavirus disease 2019) units at a local hospital.

Russia becomes first country to approve a COVID-19 vaccine, says Putin

MOSCOW — President Vladimir Putin said on Tuesday that Russia had become the first country in the world to grant regulatory approval to a...

Sinovac launches late-stage trial for potential COVID-19 vaccine in Indonesia

JAKARTA/BEIJING — China’s Sinovac Biotech Ltd. launched on Tuesday a late-stage human trial involving as many as 1,620 patients in Indonesia for a COVID-19 (coronavirus disease 2019) vaccine candidate that it is developing with Indonesian state-owned peer Bio Farma.

Global coronavirus cases hit 20 million

GLOBAL coronavirus cases pushed past 20 million on Monday, according to a Reuters tally, with the United States, Brazil and India accounting for more than half of all known infections.

Most Americans unlikely to get coronavirus vaccine until well into 2021

EVEN if the most optimistic projections hold true and a Covid-19 vaccine is cleared for U.S. use in November, the vast majority of Americans won’t be able to get the shots until spring or summer next year at the earliest.

Philippines unlikely to keep lockdown despite surging infections

The Philippines will unlikely keep its capital and nearby areas under strict lockdown despite coronavirus infections rising by another daily record to over 136,000. The...

Duterte accepts Russia’s COVID-19 vaccine offer

President Rodrigo R. Duterte has accepted Russia’s offer of its coronavirus vaccine, volunteering to take the first shot as a gesture of trust and...

Australia borders to stay shut as COVID-19 daily deaths surge

SYDNEY — Australian Prime Minister Scott Morrison said internal border closures were unlikely to lift before Christmas, as the country on Monday reported a record single-day rise in COVID-19 (coronavirus disease 2019) deaths.

Philippine trash trawlers earn little from virus-boosted surge in plastics

Virgilio Estuesta has picked through trash in the Philippines’ biggest city for four decades, and is noticing an unusually large amount of plastics during his daily trawl of about 15 kilometers.

COVID’s spreading fast because billions don’t have water to wash

A severe household water shortage facing two out of five people in the world is undermining efforts to contain the coronavirus pandemic. Frequent and thorough...

The casa that COVID-19 built

SAYING THAT the ongoing COVID-19 (coronavirus disease 2019) pandemic has inspired some changes in the workplace and the way we do things is truly an understatement. Every person and organization have been forced to evolve not just in order to restore some form of normalcy but, more often than not, to survive.

Public warned against illegal trade of coronavirus plasma

HEALTH AUTHORITIES on Sunday warned the public against buying and selling convalescent plasma — antibody-rich products collected from eligible donors who have recovered from COVID-19 (coronavirus disease 2019) — because these are “illegal, reckless and dangerous.”

Philippines has resources to endure virus, Finance chief says

The Philippines has resources for a “protracted” fight against the pandemic and its effects on the economy, which contracted by a record in the second quarter, according to Finance Secretary Carlos G. Dominguez III.

Pooled testing only works in areas with little incidence of COVID-19:...

The Department of Health (DoH) on Friday said pooled testing for the coronavirus disease 2019 (COVID-19) is only effective in areas where incidence of...

Metro Manila health workers to get free motorcycle rides during MECQ

Angkas will deploy 1,000 motorcycle riders to 10 hospitals in Metro Manila as it teamed up with the government to provide medical workers with...

2-week MECQ crucial for more sustainable economic recovery – Chua

The government’s move to impose a stricter lockdown for two weeks will ensure a more “sustainable economic recovery” said the top official of the...

Don’t test asymptomatic workers businesses told

New government health protocols will not require businesses to test asymptomatic workers for the coronavirus disease 2019 (COVID-19). But workers with symptoms will be required...

Facebook employees to work from home until July 2021 due to...

Facebook Inc. will allow employees to work from home until July 2021 due to the coronavirus outbreak and will give them $1,000 for home...

US lifts global health coronavirus travel advisory

WASHINGTON — The US State Department and Centers for Disease Control (CDC) and Prevention on Thursday lifted global advisories recommending US citizens avoid all...

COVID-19 infections near 120,000, with 2,150 dead — DoH

THE Department of Health (DoH) reported 3,561 new coronavirus infections on Thursday, bringing the total to 119,460. The death toll rose to 2,150 after 28...

Coronavirus pushes shoppers online much faster than expected

KIMARIE SANTIAGO’s small business is the kind of operation US banks and payments companies have been trying to lure online for years. The COVID-19 (coronavirus disease 2019) pandemic finally made it happen.

Global coronavirus deaths exceed 700,000, one person dies every 15 seconds...

THE global death toll from COVID-19 surpassed 700,000 on Wednesday, according to a Reuters tally, with the United States, Brazil, India and Mexico leading the rise in fatalities.

Gargling solution flies off Japan’s shelves after governor touts anti-virus effect

TOKYO — Japanese drugstores were stripped bare of gargling solution by Wednesday, a day after the governor of the western prefecture of Osaka suggested it could help fight coronavirus, triggering panic buying reminiscent of the early days of mask shortages.

Virus fears keep shoppers away in consumer-reliant Philippines

In the Philippines, signs of an economic crisis abound: empty malls, buy-one-get-one-free car deals, and restaurants closing permanently.

The little luxuries people can’t give up—even in a pandemic

Before the pandemic, Levi Fedley would bike to one of Melbourne’s famous laneway cafes, sit down with the perfect cup of coffee and watch the world go by.

Novavax coronavirus vaccine induces immune response in early study, shares jump

Novavax Inc. said on Tuesday its experimental COVID-19 vaccine produced high levels of antibodies against the novel coronavirus, according to initial data from a...

Program lets nation buy 3 million doses of COVID-19 vaccine

THE Philippines is now part of a program that will let it buy three million doses of coronavirus vaccine once it becomes available, according to the Science and Technology department.

Anxious WHO implores world to ‘do it all’ in long war...

GENEVA — The World Health Organization (WHO) warned on Monday that there might never be a “silver bullet” for COVID-19 in the form of...

The pandemic workday is 48 minutes longer and has more meetings

We log longer hours. We attend more meetings with more people. And, we send more e-mail.

COVID-19 long-term toll signals billions in healthcare costs ahead

NEW YORK — Late in March, Laura Gross, 72, was recovering from gall bladder surgery in her Fort Lee, New Jersey, home when she became sick again.

Regeneron says antibody cocktail prevents and treats COVID-19 in animals

Regeneron Pharmaceuticals Inc. said on Monday that the COVID-19 antibody drug combination it is developing both prevented and treated the disease in rhesus macaques...

Indonesia stocks, rupiah fall amid fears over tougher virus lockdown

Monday’s plunge in Indonesian and Philippine stocks shows how quickly investor sentiment can turn when there’s a delay in economic reopening or stay-at-home orders are reinstated.

Dealing with COVID-19 information overload 

The churn of news on COVID-19 contributes to the general anxiety people already have about the pandemic. To prevent the feeling that we’re “always on,” experts advise limiting news consumption and sharing only verified information.

[B-SIDE Podcast] The university of the future: Philippine tertiary education amid...

https://open.spotify.com/episode/5knqMbZXGlFSOu5DN1ysWc Follow us on Spotify BusinessWorld B-Side The academic year is about to start. Universities and colleges are shifting to remote learning as physical classrooms all...

Government borrowings surge to P1.7T in 1st half

THE National Government’s borrowings surged to P1.723 trillion in the first half, as it incurred more debt to boost its war chest in the fight against the coronavirus disease 2019 (COVID-19).

COVID-19 cases top 100,000; 2,059 dead

THE Department of Health (DoH) reported the highest daily increase of 5,032 new coronavirus infections on Sunday, bringing the total to 103,185.

Impairment considerations during COVID-19

In last week’s article, we discussed how to determine the timing of assessment for any impairment for non-financial assets, as well as the indicators of impairment. This article will cover how to measure and estimate the recoverable amount of an asset, how to determine the recognition and reversal of impairment, and provide detailed disclosure on assumptions used to fully understand an impairment assessment especially in these uncertain times.

COVID-19 brings out the worst in Brazilian elites

WITH THEIR COUNTRY second only to the United States in COVID-19 infections and deaths, Brazilians might be grateful to the public officials whose job it is to keep them out of harm’s way. Not so Eduardo Almeida Prado Rocha de Siqueira, an appellate court judge with a flair for public scenes and a track record of bullying civil servants.

Philippines to update COVID-19 strategy as healthcare workers seek ‘timeout’

The Department of Health (DoH) vowed on Sunday to update its game plan against COVID-19 within a week and sought to beef up the healthcare workforce in the capital Manila, where medical frontliners are calling for reviving strict lockdowns.

No ‘zero risk’ in international travel, WHO says

Countries should gradually lift international travel measures based on a thorough risk assessment and must prioritize essential travel for emergencies, the World Health Organization...

Children carry COVID-19 virus, small study finds

Children younger than five carried major amounts of coronavirus in their upper respiratory tract, a small study published on Thursday showed, raising new questions...

As pandemic rages on, world economic recovery looks ever more shaky

BENGALURU — The world economic outlook has dimmed again, with still-rising coronavirus infections and the risk of renewed lockdowns increasing the chances that any...

Manila banks on Chinese connection in search of coronavirus vaccine

ARLENE P. CALLEJA, a pediatrician in Legazpi City southeast of the Philippine capital, has been spending the past few months responding to patients’ fears about the coronavirus pandemic.

Gov’t targets to hit 2 million COVID-19 tests by next month

THE GOVERNMENT is targeting to do two million coronavirus tests by August after exceeding its daily testing capacity goal for July to 33,000 tests daily.

US records a coronavirus death every minute as total surpasses 150,000

One person in the United States died about every minute from COVID-19 on Wednesday as the national death toll surpassed 150,000, the highest in the world.