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ILO estimates 10.7% decline in incomes due to pandemic

THE International Labor Organization (ILO) said the global pandemic has reduced worker incomes by 10.7% to $3.5 trillion in the first three quarters of the year, without factoring in government aid.

Foreign loans, grants for pandemic response hit $9.9B

THE GOVERNMENT has obtained $9.9 billion worth of loans and grants from external sources as of Sept. 15 to fund its coronavirus disease 2019 (COVID-19) containment effort and to support recovery measures.

UN marks 75 years amid pandemic

UNITED NATIONS — World leaders came together, virtually, on Monday to mark the 75th anniversary of the United Nations (UN), as the deadly coronavirus pandemic and tensions between the United States and China challenge the effectiveness and solidarity of the 193-member body.

Pandemic leaves local shipbuilders high and dry

THE PHILIPPINE shipbuilding industry is feeling the pain as new orders have dried up amid the recession.

PHL must leverage regional partners in post-pandemic era

THE PHILIPPINES will need to deftly navigate the US-China trade dispute during and after the pandemic, likely via increased regional cooperation, while also reassuring partners that its disease-containment efforts are effective, experts said.

CEO confidence falls amid pandemic

MORE than half of chief executive officers (CEO) are still confident of their companies’ revenue growth over the next year, although overall confidence declined due to uncertainty brought by the pandemic, according to results of the PwC Philippines-Management Association of the Philippines survey.

Beef is proving more profitable than chicken in the pandemic

Inexpensive chicken was supposed to be the pick of the proteins in the pandemic. But suppliers with a greater focus on beef are outperforming those that rely more on poultry.

The Virtual Life: HK wine festival, Rustan’s beauty fest go online

WHEN you can’t hold your events in the real world as the COVID-19 pandemic rages, the virtual world beckons. The popular Hong Kong Wine & Dine Festival and Rustan’s Beauty Addict party both have gone online, adapting to the needs of the times.

Global coronavirus cases surpass 25 million

GLOBAL CORONAVIRUS cases surged past 25 million on Sunday, according to a Reuters tally, as India marked a worldwide record for daily new cases in the COVID-19 (coronavirus disease 2019) pandemic.

The corona credit binge is dominated by the biggest companies

In the pandemic era of haves and have-nots, the big are getting bigger across global credit markets like rarely seen before.

Pandemic now driven by 20s, 30s, 40s group, many asymptomatic —...

MANILA — The World Health Organization (WHO) said on Tuesday it was concerned that the novel coronavirus spread was being driven by people in their 20s, 30s, and 40s, many of whom were unaware they were infected, posing a danger to vulnerable groups.

More than 58,000 prisoners released during pandemic

MORE THAN 58,625 inmates have been released since President Rodrigo R. Duterte locked down the entire Luzon island in mid-March to contain a coronavirus pandemic, according to Supreme Court data.

Three of ten Americans laid off in crisis worried about food,...

NEW YORK — Three of 10 Americans who lost work during the coronavirus pandemic said they may have trouble paying for food or housing after a $600-per-week enhanced unemployment payment expired last month, according to a Reuters/Ipsos poll released on Wednesday.

Income declines affected 6 in 10 workers during pandemic — study

SIX in 10 workers experienced income declines during the pandemic, according to a study conducted by the Philippine Business Coalition for Women Empowerment (PBCWE) and the Australian government.

Pandemic sparks greater appreciation for IT professionals

THE PANDEMIC is changing how skilled workers in the information technology (IT) industry are viewed and treated, said ManageEngine, a global technology company, noting they are expected to get higher pay and budgets after the crisis.

Pandemic could lower use of major urban transport projects — ADB

URBAN TRANSPORT projects in developing economies such as the Philippines are vulnerable to lower-than-planned usage rates due to the pandemic, upending their underlying financial assumptions and calling into question their viability, the Asian Development Bank (ADB) said in a report.

Pandemic to accelerate digitalization

THE digitalization that is expected to spur the country’s young workforce to drive consumption by 2030 will be accelerated by the pandemic, a report from the World Economic Forum and Bain & Company said.

Gov’t expands 2021 budget to prepare for prolonged pandemic

THE proposed 2021 budget was increased to more than P4.5 trillion with the economic team assuming a prolonged pandemic, a Finance Department official said.

Hospitals discuss infection control measures against COVID-19 

Three hospitals, namely Makati Medical Center (MMC), Negros Occidental’s Riverside Medical Center, and Asian Hospital and Medical Center (AHMC) outlined the infection control measures they have put in place during a recent webinar. This, against the backdrop of rising COVID-19 (coronavirus disease 2019) cases in the country. 

COVID-19 cases soar in young adults bored of social distancing

Psychological fatigue with social distancing is emerging as a major challenge for curbing a pandemic now into its eighth month. That’s especially so among...

Coronavirus pandemic pushes businesses to rethink long-term strategies

BUSINESS LEADERS are looking at long-term strategies, such as public-private collaborations and new product development, to ensure recovery and build resilience amid the pandemic.

Thousands of stranded Filipinos crammed into baseball stadium amid coronavirus risks

Thousands of Filipinos were crammed into a baseball stadium in Manila on Saturday, breaking social distancing rules despite coronavirus risks, after people wanting to...

Record numbers of coronavirus cases in every global region — Reuters...

Almost 40 countries have reported record single-day increases in coronavirus infections over the past week, around double the number that did so the previous week, according to a Reuters tally showing a pick-up in the pandemic in every region of the world.

Who’s hiring? A look at the local job market amid the...

BusinessWorld asked job and career platforms for insights on where the labor market is right now, where it could be headed post-pandemic, and which sectors are hiring.

Philippines reports 162 coronavirus deaths, largest daily increase

The Department of Health (DoH) on Monday confirmed 162 new coronavirus deaths, the country's biggest single-day increase in casualties, as a health ministry official...

Pregnant and stuck on a ship in the middle of the...

Like thousands of other seafarers, Karika Neethling wanted to get home as the coronavirus pandemic convulsed the cruise industry in March. Her anxiety grew more desperate when she learned she was pregnant.

Singapore in survival mode looks to reinvent itself — yet again

The pandemic is proving the ultimate test for Singapore, the tiny city-state that has a reputation of reinventing itself during times of crises.

Employers find testing employees more trouble than it’s worth

From nursing homes in New York and a landfill in Utah to Disney World and the Las Vegas Strip, employers are wrestling with workplace safety in the age of COVID-19 and making fraught calculations about how to safeguard both their businesses and their employees.

Cruise CEOs insist ships are safe, prepare new health protocols

Two of the world’s largest cruise operators insist their ships are no more vulnerable to the spread of the new coronavirus than other public places.

Pandemic set to spark biggest retreat for meat-eating in decades

The pandemic is poised to usher in the biggest retreat for global meat-eating in decades. Per-capita consumption is set to fall by almost 3% in 2020 to the lowest since 2011, according to data from the United Nations. Meanwhile, analysts across the globe are predicting declines not just per-capita, but also for overall demand in their regions.

Next World Bank, IMF meetings to be virtual — World Bank...

WASHINGTON — The World Bank and International Monetary Fund will hold their annual Fall Meetings online in October because of the novel coronavirus pandemic, World Bank President David Malpass said in a letter to the Bank’s governors.

US agency approves use of Lysol against COVID-19

UK-based Reckitt Benckiser Group Plc. said on Tuesday that the US Environmental Protection Agency (EPA) has approved use of its Lysol Disinfectant Spray against...

Closing a business in the Philippines in the middle of a...

Closing a business may prove to be more expensive than opening one. That was what Andrew Pasaporte, co-founder of on-demand spa mobile app Sparadic, found out last month when he and his partner, Cha Rapadas, decided to close shop. Spararadic and the spa services in its roster are in the same boat as the 200 permanent business closures tallied by the Department of Labor and Employment during the COVID-19 pandemic.

Bicycles are pushing aside cars on Europe’s city streets

Bikes are increasingly muscling aside cars on Europe’s city streets, as the coronavirus accelerates a shift toward pedal power.

Fearful and frugal: coronavirus wreaks havoc on America’s psyche

As the US reopens, Americans aren’t much interested in going out and spending.

DTI explains guidelines for getting refunds for events canceled because of...

by Mariel Alison L. Aguinaldo Parties who made payments for events that were canceled or scaled down prior to community quarantine have the right to...

WHO warns some nations still face ‘long, hard’ battle with COVID-19

GENEVA — Nations who fail to use all mechanisms available to combat the still-raging coronavirus will struggle to beat it, the World Health Organization...

Facing crisis, Cuba calls on citizens to grow more of their...

HAVANA — In the courtyard of a temple belonging to the Abakua Afro-Cuban religious brotherhood in Havana, Nelson Piloto is pulling up the lawn to plant bell peppers and cassava in the face of Cuba’s looming food crisis.

Philippine finance chief seeks to further reopen the economy

Finance Secretary Carlos G. Dominguez III seeks to further loosen movement curbs in the capital region to reignite an economy facing its deepest slump...

Will office buildings ever be the same? Empire State offers clues

NEW YORK — The Empire State Building has been a symbol of America’s economic might for almost 90 years. Of late, it’s also become...

‘No excuse’ for countries that fail in contact tracing, WHO’s Tedros...

GENEVA — Tracing contacts of people with coronavirus infections is the most important step in fighting the COVID-19 pandemic, and countries that are failing...

Bankers in traffic-clogged India are more productive working from home

Work from home may remain part of the norm for many in India’s financial industry beyond the end of the world’s biggest lockdown. The reason: elimination of lengthy commutes in the past three months has boosted employee productivity.

Global coronavirus cases approach 10 million

BEIJING — Global coronavirus cases neared 10 million on Sunday according to a Reuters tally, marking a major milestone in the spread of the...

How we work from home

The COVID-19 pandemic and the resulting global lockdown has forced people to work from home (WFH) more often. Already, experts are saying that telecommuting is...

Remote work is here to stay

Resisting work-from-home arrangements for employees could render companies obsolete, according to a co-working-space executive.