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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.
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.
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.
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.
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.
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.
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.
In the pandemic era of haves and have-nots, the big are getting bigger across global credit markets like rarely seen before.
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 58,625 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.
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.
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.
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.
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.
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.
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.
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...
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 Filipinos were crammed into a baseball stadium in Manila on Saturday, breaking social distancing rules despite coronavirus risks, after people wanting to...
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.
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.
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...
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.
The pandemic is proving the ultimate test for Singapore, the tiny city-state that has a reputation of reinventing itself during times of crises.
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.
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.
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.
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.
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.
Bikes are increasingly muscling aside cars on Europe’s city streets, as the coronavirus accelerates a shift toward pedal power.
As the US reopens, Americans aren’t much interested in going out and spending.
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...
GENEVA — Nations who fail to use all mechanisms available to combat the still-raging coronavirus will struggle to beat it, the World Health Organization...
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.
Finance Secretary Carlos G. Dominguez III seeks to further loosen movement curbs in the capital region to reignite an economy facing its deepest slump...
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...
GENEVA — Tracing contacts of people with coronavirus infections is the most important step in fighting the COVID-19 pandemic, and countries that are failing...
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.
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