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COVID-19 hospital to rise in Clark, treatment centers to open in...

THE government on Friday said it will set up a coronavirus disease 2019 (COVID-19) hospital in New Clark City (NCC) and will continue to convert more facilities in Metro Manila to accommodate COVID-19 patients in partnership with the private sector.

Lawmakers looks into extending lockdown; Nomura warns of unrest without more...

THE possible extension of the Luzon lockdown looms with lawmakers looking into recommending it as the number of confirmed cases of the coronavirus disease 2019 (COVID-19) in the Philippines continue to rise, and the pandemic seems to not have reached its peak yet.

‘Overstaying’ cargoes face forfeiture by gov’t

THE government is ordering cargo owners to remove their “overstaying” container vans from the congested Manila ports within five to seven days or these may be forfeited.

PHL eyes AIIB’s crisis recovery facility

Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Friday it was proposing to its board to form a $5 billion financing facility to help public and private sector entities navigate the coronavirus pandemic.

DA approves P1-billion loan program amid pandemic

THE DEPARTMENT of Agriculture (DA), through its Agriculture Credit Policy Council (ACPC), has approved an initial P1 billion for loans to help the sector amid threats to food security caused by the coronavirus disease 2019 (COVID-19) pandemic.

Advisory firm tapped for PGH branch project

THE GOVERNMENT partnered with Isla Lipana & Co./PwC Philippines for transaction advisory services as it constructs a Philippine General Hospital (PGH) branch at the Diliman campus of the University of the Philippines.

IMI halts Mexico operations due to COVID

Ayala-led Integrated Micro-Electronics, Inc. (IMI) is suspending its operations in Mexico until the end of the month due to the implementation of emergency measures against the coronavirus disease 2019 (COVID-19).

Companies continue to help communities, frontliners amid pandemic

THE private sector continues to extend help to communities and frontliners fighting the coronavirus disease 2019 (COVID-19).

IC extends deadline for HMOs’ financial statements to June 30

HEALTH MAINTENANCE organizations (HMOs) can now submit their audited financial statements until June 30 from the original May 31 deadline as a relief for companies affected by the coronavirus disease 2019 (COVID-19) pandemic, the Insurance Commission (IC) said.

Peso climbs on government aid

THE PESO strengthened against the greenback on Friday on the back of the government’s cash aid for low income households and as investors unloaded their dollar positions ahead of the upcoming holidays.

PHL rules out tapping global bond market

THE government probably won’t tap global bond markets to fund its anti-coronavirus disease 2019 (COVID-19) response, National Treasurer Rosalia V. de Leon said on Thursday, citing ample liquidity supply in the local market.

Rules on tax deadline extensions released

THE Bureau of Internal Revenue (BIR) extended the deadline for the filing of all tax returns, tax payments and submission of documents as the country remains under a state of national emergency due to the coronavirus outbreak.

Filipinos in Forbes 30 Under 30

FIVE FILIPINOS made it to this year’s Forbes 30 Under 30 list of entrepreneurs, leaders, and changemakers in Asia (and Australia) under the age of 30.

Gotianun firm maintains ‘stable’ power

THE POWER ARM of Gotianun-led Filinvest Development Corp. (FDC) maintained its operations to supply electricity in Mindanao while the country is placed under a state of public health emergency due to the coronavirus disease 2019 (COVID-19) pandemic.

Matchmaker, matchmaker

EMMA being the latest in a series of adaptations of Jane Austen and the latest adaptation of this particular novel, you want to ask: why? What do director Autumn de Wilde, screenwriter Eleanor Catton, and actress Anya Taylor-Joy bring to an already crowded table?

Harry Pottering around at home? Rowling to rescue bored kids in...

LONDON — British author J. K. Rowling is hoping her much-loved Harry Potter series will work its magic on bored children stuck at home during the coronavirus lockdown.

LANDBANK rolls out LGU loan program

STATE-RUN Land Bank of the Philippines (LANDBANK) is rolling out a lending program worth P10 billion for local government units (LGUs) to provide them with emergency funding to respond to the coronavirus disease 2019 (COVID-19).

Small business relief amidst COVID-19

More than any other time in the history of the world, small businesses will need the support of the government. In general, most small businesses are enterprises that survive on recent sales in order to move forward as an ongoing concern. The business model depends on recurring transactions. With the lockdown in place, and people prohibited from moving about, it is the small neighborhood business that immediately suffers.

DoE preparing to tap funds for COVID-19

THE Department of Energy (DoE) has prepared a draft circular directing the use of all available and unremitted funds accumulated under Energy Regulation 1-94 (ER 1-94) to bolster the government’s efforts to contain the coronavirus disease 2019 (COVID-19) epidemic.

ADB implements $5 M food aid project for vulnerable communities

THE Asian Development Bank (ADB) rolled out its $5-million project to provide food to up to 55,000 poor households in Luzon affected by the month-long enhanced community quarantine (ECQ).

Public strategies against COVID-19: the fine print

Except perhaps for Bill Gates, even top economists and thinkers never expected COVID-19 to be this devastating.

Running Dry

The imagination is a creative fountain, a source of inspiration and ideas. Occasionally, it is overworked and it runs dry. Artists, writers, composers, architects, designers, professors and scientists experience the disconcerting, disturbing phenomenon called a “mental block.”

ESPN hopes docu The Last Dance provides an escape amid COVID-19

AS THE WORLD continues to grapple with the growing concern over the coronavirus disease 2019 (COVID-19) pandemic, American sports channel ESPN hopes to provide some form of escape by moving up the showing of the much-anticipated documentary series The Last Dance.

Data from Fitbit show global physical activity slowdown due to coronavirus

THE coronavirus disease 2019 (COVID-19) pandemic has undoubtedly affected how people do their affairs, including in engaging in physical activities.

Anti-red tape body wants e-payments for gov’t cash aid

THE Anti-Red Tape Authority wants electronic payments for cash aid under the government’s P200-billion program to support the poor affected by a Luzon-wide lockdown to contain a coronavirus pandemic that has brought the economy to a standstill.

Philippine envoy to Lebanon dies after COVID-19 infection

THE country’s envoy to Lebanon has died due to complications from the coronavirus disease 2019, the Department of Foreign Affairs (DFA) said on Thursday.

Medical ‘brain drain’ comes back to haunt virus-stricken Philippines

WELLA, a 20-year-old fresh nursing graduate, chose to stay and work at a private hospital in Manila that’s caring for several of the more than 2,000 coronavirus-stricken patients in the country.

Banks ordered to give 30-day grace period for loans

THE government ordered all lenders to give a 30-day grace period for all loan payments that are falling due within the enhanced community quarantine (ECQ) period.

CNPF income up 11%

CENTURY PACIFIC Food, Inc. (CNPF) posted an 11% growth in net income in 2019 on the back of higher sales of its branded food products.

Honda names new president

HONDA CARS Philippines Inc. (HCPI) announced its new president Masahiko Nakamura, who officially leads the Philippine automobile unit of the Japanese company on April 1.

Creativity with a can

AS WE enter the third week of quarantine, we understand that a few frazzled cooks may have already run out of ideas, or even fresh ingredients. We’re going to present a series of recipes featuring canned products from San Miguel to maximize your stock and prevent your ideas from going stale. These recipes are from San Miguel Foods Culinary Center’s Home Foodie. (If you have run out of fresh produce or it is hard to get in your area during the lockdown, see BusinessWorld’s listing on online vegetable delivery here: https://www.bworldonline.com/where-to-buy-veggies-and-fruit-online/)

Local startups seek gov’t, private sector support

STARTUP COMPANIES are looking for government and private sector support as they deal with the effects of the Luzon enhanced community quarantine (ECQ).

Britain’s top banks scrap dividend payments on coronavirus fears, pressure on...

LONDON/HONG KONG — Britain’s top banks said on Tuesday they would suspend dividend payments after pressure from the regulator, saving their capital as a buffer against expected losses from the economic fallout from the coronavirus.

IBM developing AI tool to track virus infections

FILIPINOS will soon be able to track the spread of the coronavirus disease 2019 (COVID-19) in the country through an AI-enabled tool developed by the International Business Machines Corp. (IBM).

SC approves new rules on liquidation of banks

THE SUPREME COURT (SC) approved new rules on the liquidation of closed banks which will take effect on April 16.

Stuff to do at home (04/02/20)

The National Museum uploaded a coloring sheet of Juan Luna’s Spoliarium by Bryan Ferrer which may be physically or digitally colored.

Fitch Solutions reduces PHL consumer spending 2020 growth outlook

FITCH SOLUTIONS Macro Research said it reduced its 2020 consumer spending growth estimate for the Philippines to 6.7% from 7% due to the lockdown imposed on Luzon to contain the coronavirus disease 2019 (COVID-19) outbreak.

Palay output estimate for first quarter slashed by 6.7%

PRODUCTION of palay, or unmilled rice, in the first quarter of 2020 is now estimated at 4 million metric tons (MT), 6.7% lower than the previous projection, the Philippine Statistics Authority (PSA) said.

FIBA moves to update 3×3 World Tour season calendar

WITH an end to the coronavirus disease 2019 (COVID-19) pandemic anything but certain at this point, world basketball governing body FIBA moved to update the 3x3 World Tour season calendar.

What happens now?

The FIDE Candidates Tournament began on March 16th, in Yekaterinburg, Russia, with eight of the top players of the world to play a double round-robin to decide who would challenge the reigning world champion, Magnus Carlsen, in December for the title. The 14-round event took place in the Hyatt Regency Hotel in Yekaterinburg, Russia -- play was originally scheduled 17 March to April 3 this year with a prize fund of €500,000.

Airlines to suspend flights out of Clark starting April 3

AIRLINES flying out of Clark International Airport in Pampanga province will stop commercial flights starting April 3, airport management said in an advisory on Tuesday.

About 900 Filipino seamen come home from United States

A TOTAL of 881 Filipino seamen came home from the US on Wednesday amid the coronavirus disease 2019 pandemic that has infected about 862,000 and killed at least 42,510 people worldwide, the Department of Foreign Affairs (DFA) said.

Rage killed the Cat — and other musings on COVID-19

We know the saying, “Curiosity killed the cat.” But recently, one cat wasn’t curious enough to understand why Filipinos thronged at a checkpoint despite the social distancing rule imposed during the COVID-19 lockdown.

Virus, bacteria, and pneumococcal diseases

Before the China virus -- a.k.a. SARS-Cov-2 which causes Covid-19 -- scare, pneumococcal diseases caused by a bacteria called Streptococcus pneumonia and their treatment were in the news. The bacteria can affect people of all ages, from babies to senior citizens, and pneumococcal diseases are a leading cause of death among children below five years old. When the bacteria invade the lungs, they can cause pneumonia and death. They can also invade the bloodstream and cause bacteremia, or invade the tissues and fluids surrounding the brain and spinal cord and cause meningitis.

Virus to cut Philippine growth — World Bank

THE Philippine economy is seen growing at a slower pace this year due to the fallout from the coronavirus disease 2019 (COVID-19) outbreak, and may even contract by as much as 0.5% if the Luzon-wide enhanced community quarantine will be extended, the World Bank said in a new report.