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Unemployment rate eases in Oct. as economy reopens

THE country’s unemployment rate further eased in October from record levels in April, as the economy continued to gradually reopen, the Philippine Statistics Authority (PSA) reported on Thursday.

PHL raises $2.75B in global bonds

THE Philippines raised $2.75 billion (P132 billion) from its second dollar-denominated bond sale this year as it seeks to boost state coffers amid the economic slowdown.

Republic Cement looks to co-process 10M plastic sheets, bags

THE RESOURCE RECOVERY arm of Republic Cement Services, Inc., ecoloop, plans to co-process a minimum of 10 million plastic sachets or bags per day by next year as part of its efforts to alleviate the country’s waste problem, officials said on Thursday.

Globe signs P5-billion loan facility for capex

GLOBE TELECOM, Inc. announced on Thursday that it had signed a P5-billion loan facility with the Land Bank of the Philippines.

History made at night

I THOUGHT Violator — Dodo Dayao’s debut feature — one of the most intriguing of recent horrors, Kurosawa Kiyoshi’s punk bastard remake of Rio Bravo with elements of the apocalypse substituting for Hawks’ handy sticks of dynamite. With Midnight in a Perfect World he steps up his game: this time he’s proposing an entire utopian society Aldous Huxley style, with a trace of fascism at the edges of this seductive demented vision.

BSP sets rules for nonbanks’ crime reporting

THE CENTRAL BANK has laid out guidelines for the reporting of crimes and its resulting losses for nonbank financial institutions (NBFIs).

Wages seen rising 5.6% in 2021

WAGES in the Philippines are projected to increase by 5.6% next year but the uncertainty inflicted by the pandemic could cloud prospects for higher pay and bonuses, according to a survey by consulting firm Mercer.

Signals of recession and recovery

The Philippine economy’s performance in the third quarter was worse than expected. Contracting 11% year on year, the country’s gross domestic product went into negative territory for the third consecutive quarter.

Should we hire a management consultant or trainer?

A woman had been trying for years to persuade her egotistical husband to put an end to the idea that he alone was number one. The man was obsessed with being number one.

Stuff to do (12/04/20)

Brand Aid Noche Buena CHRISTMAS is arguably the most important holiday in the Philippines and with all the things that happened in 2020 and with...

Legislators call for more stimulus with private sector gun-shy on investment

LEGISLATORS said Thursday that more stimulus is needed to help the economy recover from the pandemic, adding that only the government is capable of providing this boost with the private sector still reluctant to invest.

9 Boracay businesses charged with forestry, water violations

THE GOVERNMENT has charged nine Boracay establishments with illegally occupying protected forest land on the island, the Environment department said.

Metro Manila mayors keep stay-at-home policy for minors

MAYORS in the capital region have decided to maintain the stay-at-home policy for minors, or those up to 17 years old.

Telecom companies to give update on improvements on Dec. 8

TELECOMMUNICATION companies are scheduled to present the service improvements they have undertaken during the televised Palace briefing on Tuesday, Presidential Spokesperson Harry L. Roque announced.

Reaping benefits from the pandemic: Rethinking growth and inequality

If there is anything useful about COVID-19, perhaps it is its devastating impact on the nation especially on the poor. Not for anything else, but many see it, and soon enough, many will feel and learn from it.

Italy bans Christmas midnight mass amid pandemic

ROME — Italians will not be able to attend midnight mass or move between regions over the Christmas period, a top health ministry official said on Wednesday, as the country battles high coronavirus infection rates and deaths.

Britain’s Prince Harry suggests COVID is rebuke from nature

LONDON — Britain’s Prince Harry has suggested that the coronavirus pandemic is a rebuke from nature as he called for more action to tackle climate change.

Rene Catalan, Jomary Torres in ONE: Big Bang card today

ONE Championship gets its December offering going on Friday with “ONE: Big Bang”, which will feature two Filipino fighters in Rene “D’Challenger” Catalan and Jomary “The Zamboanginian Fighter” Torres in the card.

FIBA takes pride in successful staging of qualifiers

NOVEMBER was a busy stretch for world basketball governing body International Basketball Federation (FIBA) as it hosted a number of Continental Cup qualifiers; an effort it took pride in as these were successfully staged despite a myriad of challenges.

Filipino students falling behind in reading, writing levels in Southeast Asia

FIFTH GRADE STUDENTS in the Philippines are falling behind their counterparts in some Southeast Asian countries in reading, writing and mathematics, with a significant percentage of students still performing at levels expected in early years of primary education, a regional study showed.

Water bills to go down in first quarter of 2021

CUSTOMERS of the two water concessionaires in Metro Manila will experience lower monthly bills for the first quarter of 2021, according to the regulatory office of the Metropolitan Waterworks and Sewerage System (MWSS).

PCC approves ACEPH, Axia JV for power plant

THE Philippine Competition Commission (PCC) has approved the joint venture (JV) between Ayala-led AC Energy Philippines, Inc. (ACEPH) and the Philippine energy unit of Japan-based Marubeni Corp. that is looking to build a diesel-fired plant in Rizal.

Netflix planning to double spending on original content in Asia

NETFLIX, Inc. is planning to double its spending on original content in Asia next year to help stay ahead in a crowded streaming market, where billionaires including China’s Pony Ma and Hong Kong’s Richard Li are seeking to expand their presence.

Of canned goods and vegetable peels: cooking during World War II

FILIPINOS of a certain age remember that as picky children they often received a dismissive sniff from older relatives: “Hindi ka mabubuhay sa guerra (You can’t survive a war).” It’s easy to think of this pandemic as a war, and it is also a period of struggle and hardship. Perhaps we can learn a little from our ancestors on how to survive national trauma.

Qualcomm taps Samsung to make new flagship 5G smartphone chips

QUALCOMM, INC. on Tuesday announced a new flagship smartphone chip that will feature enhanced gaming and photo abilities and will be manufactured by Samsung Electronics Co. Ltd.’s chipmaking division.

Easy to prepare Italian fare

WITH Christmas gatherings having to be reduced in size in compliance with social distancing and other health protocols, the usual Christmas fare may be too complicated to make. But since this year has been extraordinary in so many ways, why not try something different?

Gov’t makes full award of three-year bond offer

THE GOVERNMENT made a full award of the reissued three-year Treasury bonds (T-bonds) it offered on Wednesday as its yield declined following the surprise rate cut of the central bank and amid continued uncertainty in the economic environment.

China drafts rules on mobile apps’ collection of personal data

CHINA unveiled draft guidelines on Tuesday seeking to limit the scope of mobile apps’ collection of personal data in the latest attempt to curb the sprawling technology sector.

Facebook-backed digital coin Libra renamed Diem to signify independence in quest...

LONDON — Facebook-backed cryptocurrency Libra has been rebranded “Diem” in a renewed effort to gain regulatory approval by stressing the project’s independence.

DoH against easing rules on minors

THE DEPARTMENT of Health is not in favor of easing quarantine rules for children below 15 years old, but will leave it up to local officials to take responsibility for setting and implementing guidelines should they decide to do otherwise.

Solon assures new job security bill ‘fair to both parties’

THE HOUSE of Representatives labor committee chair on Wednesday assured that the latest version of the proposed Security of Tenure Act prohibits all forms of labor contractualization “while being fair to both parties.”

Property price slowdown emerging risk for banks

THE property market could emerge as a risk to the banking sector if prices stall, while an increase in bad loans overall in 2021 is not likely to significantly threaten bank profits because of aggressive provisioning by many banks early on, Fitch Ratings said.

Open-pit ban, mining permit freeze seen holding back industry’s GDP contribution

MINING INVESTMENT has been hindered by inappropriate policy, including the freeze on new mineral production sharing agreements and the current ban on open-pit mining, preventing the industry from contributing to the economy, the head of the mining industry association said.

Christmas in the New Normal

UNLIKE Scrooge of Charles Dickens’s “Christmas Carol,” we should not need ghosts of Christmas Past, Present, and Future to jolt us into celebrating this season, even with social distancing.

A recession ends, but the shakeup is just starting

AUSTRALIA’S recession is technically over, but far from buried. Deep scars in economics and politics won’t be easily overcome, no matter how many campfire stories leaders tell about the three-decade expansion that ended with the pandemic. They’ll have to struggle mightily to achieve half as good a result over the next 30 years.

OECD sees global economy turning the corner on coronavirus

PARIS — The outlook for the global economy is improving despite a second wave of coronavirus outbreaks in many countries as vaccines emerge and a Chinese-led recovery takes hold, the OECD said on Tuesday.

New virus wave in Japan is older, more serious, data show

DIFFERENCES between Japan’s most recent coronavirus surge and a wave subdued in the summer are giving lawmakers pause, and forcing experts to adjust their strategies as the country enters winter with a population that’s been counted as the most vulnerable in the world.

Globe expands support for athletes, rallies behind boxer ‘Wonder Boy’ Martin

AWARE that Filipino athletes deserve all the help they can get, Globe continues to stretch its support on that front, this time rallying behind Ifugao boxer Carl Jammes Martin.

Perpetual Help names new coach

WHEN the University of Perpetual Help System Dalta resumes its National Collegiate Athletic Association campaign it will have a new men’s basketball coach in Mike Saguiguit.

Local gov’ts have final say on letting minors in malls

LOCAL governments must first pass an ordinance containing guidelines before minors will be allowed to go to shopping malls, Interior and Local Government Secretary Eduardo Año said on Tuesday.

PHL economy may fare worse with RCEP — experts

THE recently signed 15-country mega trade deal could worsen a post-pandemic Philippine economy, some analysts said, as a potential surge in imports could upset the balance of trade.

CREATE may dim prospects for electronics industry

THE electronics exports industry is pessimistic about the longer-term growth prospects of the sector, once the measure rationalizing tax incentives is signed into law.

PAL ready to offer nonstop flights as gov’t eases travel requirements

PHILIPPINE AIRLINES (PAL) on Tuesday said it is ready to offer nonstop flights after the government allowed the visa-free entry of returning Filipinos or “balikbayans” beginning Dec. 7.

Semirara defers mining operations in Antique due to water buildup

SEMIRARA MINING and Power Corp. (SMPC) has voluntarily deferred mining operations in one of the four mining blocks in its Molave Mine in Antique.