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COVID-19 pandemic could be source of global crises for years —...

THE CORONAVIRUS has exposed the “catastrophic effects” of ignoring long-term risks such as pandemics, and the economic and political consequences could cause more crises for years to come, according to the World Economic Forum (WEF).

Climate risks jostle with pandemic as fractured world struggles to respond,...

LONDON — Failure to stem climate change poses as serious a global risk as the coronavirus disease 2019 (COVID-19) pandemic, in both the scale of impact and level of threat, top business and other leaders warned on Tuesday.

The COVID-19 pandemic may change spectator sports forever as stadiums sit...

IN recent years, some sports facilities have been called “white elephants.” The term dates back to ancient Asia when a king would gift a white elephant to a subordinate he was dissatisfied with because the associated costs of keeping a white elephant significantly outweigh its value.

Agri prospects seen fragile due to pandemic, calamities

PROSPECTS for growth in agriculture remain tenuous due to the ongoing impact of the pandemic, with natural disasters holding the potential to inflict setbacks, and the worst-case scenario estimated in the negative single-digit range, a professor at Pampanga State Agricultural University said.

Thais Dipping Into Gold Savings Undermine Steps to Rein in Baht

Gold sales in Thailand are surging as households reach for a financial lifeline amid the pandemic, a tactic that risks complicating government efforts to...

Asian business confidence gains steam, pandemic still top risk

SINGAPORE — Asian firms turned most optimistic in the fourth quarter this year, a Thomson Reuters/INSEAD survey showed, as business activity picked up in the region and COVID-19 vaccines started rolling out in Western countries ahead of their Asian launch.

Liquidity woes hound MSMEs amid pandemic

ABOUT 40% of surveyed Philippine businesses have up to five months of liquidity left due to the impact of lockdown restrictions, a study conducted by the Management Association of the Philippines (MAP) and the University of Asia and the Pacific (UA&P) showed.

Pro sports should learn from resilient women athletes following the pandemic

ELITE women’s sports are predicted to generate $1 billion in revenue in 2021.

Paid sick leave touted for pandemic relief

EXPANDING paid sick leave (PSL) to encourage self-isolation could be an effective strategy for containing coronavirus disease and will likely be less costly overall than lockdowns, the Asian Development Bank (ADB) said.

Monitoring of pandemic spending, borrowing urged to verify aid to poor

GOVERNMENT SPENDING and loans obtained for the pandemic response need to be monitored for their actual impact on the vulnerable segments of society, according to non-government organization Social Watch Philippines.

Asia-Pacific job losses during pandemic estimated at over 81M

THE International Labor Organization (ILO) said over 81 million jobs were lost in the Asia-Pacific region as countries struggled to maintain employment levels during the pandemic.

And the top tweets are…..

SINCE all of us have been glued to a screen at one point or another during this pandemic, we’ve all contributed somehow to this year’s selection of top tweets — presented in a webinar by Twitter last week.

Sport shows its resilience in spite of virus pandemic

LONDON — When Yoshiro Mori, president of the Tokyo Olympics organizing committee, claimed defiantly in February that the greatest show on earth would go ahead in spite of a looming pandemic, few realized what wishful thinking that was.

Overcoming the challenges of change

BusinessWorld Virtual Economic Forum examines the new world created by COVID-19 By Bjorn Biel M. Beltran, Special Features Assistant Editor Change happens both very slowly and...

A clearer post-COVID path

Insights from BusinessWorld Virtual Economic Forum’s panel discussions shed light on next steps toward recovery By Adrian Paul B. Conoza, Special Features Writer In the past months...

Charting the path to a reshaped world

By Bjorn Biel M. Beltran, Special Features Assistant Editor When the COVID-19 pandemic hit, it was as if the world changed overnight. With its impact...

Experts’ thoughts on the road ahead for businesses and reimagining the...

By Adrian Paul B. Conoza, Special Features Writer As the current pandemic caused widespread impacts across various industries and demographics, consulting firms have taken a...

WB sees fragile, uneven PHL recovery

THE WORLD BANK (WB) is expecting the Philippine economy to miss the government’s growth targets for the next two years, amid a slow and fragile recovery from the coronavirus pandemic.

More Philippine firms now find it ‘easy’ to innovate, study says

MORE THAN HALF of Philippine organizations now find innovation in the country “easy,” after they increased their abilities to innovate amid a pandemic crisis, the latest study by Microsoft Corp. and International Data Corp. (IDC) Asia/Pacific showed.

Why offices are likely to change, not disappear after pandemic

DESPITE THE work-from-home boom and accelerated digital transformation, offices are not likely to disappear after the pandemic, a real estate expert said.

Looking beyond the pandemic: Invest in a suit

WE have all been in little more than the simplest of clothing over the nine months we have spent indoors because of the COVID-19 pandemic. In anticipation of better days (since news of several workable vaccines has come out), a brand proposes investing in a suit now.

‘Pandemic’ chosen as Word of the Year

NEW YORK — The 2020 prize for Merriam-Webster’s Word of the Year went to an obvious choice: pandemic. The term had the most online dictionary...

Some PHL-based foreign companies plan to reduce operations, survey shows

A BIGGER percentage of foreign firms in the Philippines are considering reducing their operations as a result of the coronavirus pandemic compared with those in other Asian economies, a survey released on Monday said.

Cooperation — and smiles — are needed to lift the travel...

IT’S no secret that global tourism is one of the industries that has borne the brunt of the current COVID-19 (coronavirus disease 2019) pandemic, with health and safety protocols and blanket quarantines lassoing in the once growing industry.

Lenders, tech firms adjust to e-payments shift

FINANCIAL INSTITUTIONS are boosting their capabilities to ensure they can accommodate the needs of consumers and merchants in their shift to digital payments amid the coronavirus pandemic.

‘Imagination machine’ seen as next step in firms’ post-pandemic planning

THE PHASE of trying to rebound from the coronavirus pandemic is still ongoing for most businesses, but a key to make the most of the disruption is to start reimagining for a new future.

Pandemic seen to give Metro Manila a chance to correct urban...

THE PANDEMIC has exposed the vulnerabilities of mega-cities like Metro Manila, but it also offers a once-in-a-lifetime opportunity to correct urban planning mistakes, a top urban planner said.

Pandemic impact felt disproportionately by poor

THE PANDEMIC has hit poorer households in the Philippines harder than the rest of the population, affecting their income and food security disproportionately, according to the World Bank.

Catch-up spending seen to lift Q4 GDP

STATE AGENCIES will have to significantly ramp up spending in December to boost fourth-quarter gross domestic product (GDP), after the government continued to underspend amid the coronavirus pandemic.   

Firms going digital amid pandemic

THE MARKET has seen an increase in smaller businesses amid the coronavirus pandemic, with most firms tapping digital platforms to reach their customers.

San Francisco sets new curbs, faces ‘dangerous’ period

SAN FRANCISCO was moved to the most restrictive tier by California following a jump in coronavirus cases, prompting a slew of new measures across the city.

Business leaders see need to focus on reinforcing PHL healthcare system

THE coronavirus pandemic is prompting companies to prioritize big investments in the healthcare sector, in preparation for any future outbreaks.

Airlines stir doubts with ‘flying is safe’ claim on virus

AIRLINES have loudly insisted that it’s safe to fly during the coronavirus pandemic, and US travel is surging before the Thanksgiving holiday despite a nationwide spike in virus cases.

Nearly two-thirds of SMEs ‘strongly’ affected by pandemic — survey

AROUND 68% of mostly small and medium Philippine enterprises have been strongly affected by the coronavirus pandemic, according to a combined survey of around 500 Filipino firms.

How a deli opened in the middle of a pandemic

IF there’s anything good that came out of the coronavirus disease 2019 (COVID-19) pandemic it’s that more people decided to try out their hand at businesses centered around something they love or enjoy doing. In the case of Bettina Sandiego, it’s deli meats.

Pandemic brings more job hunters, fewer opportunities, says JobStreet

MORE Filipinos are looking for jobs online during the coronavirus pandemic, but companies are offering fewer opportunities because of uncertainties brought by the crisis, online job hunt platform JobStreet found in its data.

Entrepreneurs either avoid debt or cannot borrow amid pandemic

ABDUL JOHN A. CANDELARIO, 30, tried to borrow half-a-million pesos from a bank so he could expand his Korean barbecue business and capitalize on the booming food delivery service amid a lockdown meant to contain a coronavirus pandemic. He got turned down.

Tech experts voice concerns of gig worker surveillance in pandemic

LONDON - Growing armies of gig workers have little to no say in how they are being monitored during the coronavirus pandemic, researchers and advocates told a conference on Wednesday, calling for better oversight in how tracking tools are deployed.

Risk analysis skills in demand amid pandemic

RISK ANALYSIS SKILLS are some of the top technology and cybersecurity work skills in demand right now as the economy recovers from the effects of the coronavirus pandemic, an enterprise data security company said.

As Japan moves to revive countryside, pandemic chases many from cities

TOKYO — When the coronavirus outbreak caused rice and instant noodles to disappear from supermarket shelves in Tokyo this year, Kaoru Okada, 36, decided to leave the capital because he was worried about food security.

Coronavirus pandemic pushes millennials to home ownership

MAE E. DIZON (not her real name), 24, bought a P2-million house and lot in Cavite province at the height of the coronavirus pandemic in June as an investment after getting a hefty performance bonus from her company.

Korea grants $100-M loan for PHL pandemic response

THE South Korean government on Monday said it has extended a $100-million (P4.84-billion) loan to the Philippines to boost its war chest against the coronavirus disease (COVID-19) pandemic.

Globe-owned Yondu sees higher demand for tech in pandemic

TECHNOLOGY company Yondu, Inc. has been recording increased demand for its products and solutions due to unique corporate needs that were born out of the coronavirus disease 2019 (COVID-19) pandemic, the wholly owned subsidiary of Globe Telecom, Inc., said.

Decline in home pre-sales seen to go on until 2021

PRE-SALES of residential homes will be down until next year as the pandemic’s impact on households is likely to persist before showing some signs of growth in 2022, an analyst at J.P. Morgan Securities Philippines, Inc. said.

1,900 new COVID-19 cases recorded

The Department of Health reported 1,923 new coronavirus infections, bringing the total number of COVID-19 cases in the country to 365,799. The death toll...