Related News

BSP cuts interest rates
BusinessMirror - 2020-04-16
This has nothing to do with today or even tomorrow, but when the economy begins once again to do business. Granted, business as usual is still far away, this BSP rate cut will do nothing to improve economic activity while we are under extended community quarantine. There is a clear trend about some serious fear mongering around the world.

Coronavirus latest: New York extends closures until May 15
NIKKEI - 2020-04-16
5:17 p.m. The Philippines reports 291 new infections, bringing the total to 5,223, the highest in Southeast Asia. The country, which launched expanded testing today, has logged 335 COVID-19-related deaths. 5:00 p.m. Tokyo has confirmed more than 160 new cases, sources tell Nikkei, up from 91 reported a day earlier. 4:33 p.m. Nomura Holdings ...

Duterte: No cash aid for gambling, drinking residents during lockdown
CNN Philippines - 2020-04-16
Metro Manila (CNN Philippines, April 16) -- President Rodrigo Duterte on Thursday said no cash aid will be given to those who will be identified spending money on gambling and alcohol drinking amid the enforced quarantine. In a televised address, Duterte called on the Department of the Interior and Local Government to investigate those taking ...

All returning OFWs mandated to undergo 14-day facility quarantine
Philippine Daily Inquirer - 2020-04-16
MANILA, Philippines -- All overseas Filipino workers (OFWs) arriving in the Philippines are now required to undergo a 14-day facility-based quarantine, the Department of Foreign Affairs (DFA) said. In an advisory on Thursday, the DFA said all sea-based and land-based Filipino migrant workers will be subjected to a facility quarantine upon ...

Task force says govt can conduct 4,000 COVID-19 tests a day
BusinessMirror - 2020-04-16
"We need to achieve this as soon as possible so we could isolate those who are sick and carrying Covid-19," Padilla said. To recall, government economic managers and business leaders are pushing for selective quarantine measures by next month to minimize business disruptions caused by Covid-19.

DOTr extends rental holiday for airport concessionaires
philstar.com - 2020-04-16
MANILA, Philippines -- Rental fees of concessionaires across all airports managed by the government will remain free until the end of the month, according to the Department of Transportation (DOTr). Transportation Assistant Secretary Goddess Libiran said Transportation Secretary Arthur Tugade has instructed airport authorities to extend the ...

Index snaps 3-day climb as investors take profits
philstar.com - 2020-04-16
MANILA, Philippines -- The stock market slumped yesterday, snapping out of a three-day winning streak as market investors continue to worry over the long-term impact of the coronavirus 2019 or COVID-19 pandemic. Global cases have already reached two million and still no vaccine is in sight. "Local economic worries brought about by the COVID ...

JG Summit income up 63%
philstar.com - 2020-04-16
MANILA, Philippines -- JG Summit Holdings, the listed conglomerate of the Gokongwei Group, posted a net income of P31.3 billion last year, up 63 percent. Core net income after tax grew 13 percent to P25.3 billion. The topline increased three percent year-on-year to P301.8 billion driven by robust passenger volumes, better yields and higher ...

P.2 million shabu seized in Cavite, Rizal
philstar.com - 2020-04-16
CAVITE, Philippines -- More than P200,000 worth of shabu was seized from two drug suspects in Cavite and Rizal on Wednesday. A report from the Calabarzon police showed that 23.86 grams of shabu with an estimated street value of P162,250 were confiscated from Joey Eroles, 36, who was arrested in a sting in Barangay 15, Cavite City at around 4 ...

Makati City to distribute ?50-M worth of grocery vouchers to middle-class residents
CNN Philippines - 2020-04-16
Metro Manila (CNN Philippines, April 16) -- Makati City will be distributing P50 million worth of grocery vouchers to middle-class residents, said Mayor Abby Binay. She said each family will get P500 worth of grocery voucher, with the middle-class residents who live in low-end condominiums as initial beneficiaries. "We really need to make a ...

Remittances seen to drop this year
philstar.com - 2020-04-16
MANILA, Philippines -- Economists expect remittances from overseas Filipino workers (OFWs) contracting this year due to displacements resulting from travel restrictions brought about by the spread of the coronavirus disease 2019 or COVID-19. Sanjay Mathur, chief economist for Southeast Asia and India at ANZ Research, said remittances are ...

BSP cuts rates by 50 bps anew
philstar.com - 2020-04-16
MANILA, Philippines -- The Bangko Sentral ng Pilipinas (BSP) slashed interest rates by another 50 basis points during an off-cycle rate-setting meeting yesterday as it continued to ramp up efforts to cushion the impact of the coronavirus disease 2019 or COVID-19 pandemic. BSP Governor Benjamin Diokno said the Monetary Board decided to reduce ...

Manila funeral shops refusing COVID bodies face closure
philstar.com - 2020-04-16
MANILA, Philippines -- Manila Mayor Isko Moreno has approved an ordinance, which penalizes funeral homes rejecting persons who have died of the coronavirus disease 2019 (COVID-19). Moreno on Wednesday signed Ordinance No. 8628, penalizing funeral parlors that refuse to provide services to COVID-19 victims. He said he would revoke the business ...

Makati eyes free COVID-19 mass testing
philstar.com - 2020-04-16
MAKATI, Philippines -- The Makati government is planning to conduct free mass testing of persons with symptoms of the coronarivus disease 2019 as well as asymptomatic frontliners to isolate and treat those who have contracted COVID-19, Mayor Abby Binay announced yesterday. Binay said the city government would sign an agreement with the ...

Cop succumbs to virus
philstar.com - 2020-04-16
MANILA, Philippines -- Another policeman succumbed to the coronavirus disease 2019 (COVID-19), the Philippine National Police (PNP) reported yesterday. PNP spokesman Brig. Gen. Bernard Banac said the fatality is a 49-year-old policeman from Rizal. Banac said 59 police officers have tested positive for the disease. Three have died of COVID-19 ...

US Fed warns of worsening business conditions
philstar.com - 2020-04-16
Washington - The devastation caused to the US economy by the coronavirus pandemic was thrown into even sharper relief Wednesday with new government data and a report from the Federal Reserve warning the bloodletting would continue. Lockdowns necessitated by the pandemic caused economic activity to contract "sharply and abruptly," the Fed ...

Digital banking grows sharply during lockdown
philstar.com - 2020-04-16
MANILA, Philippines -- Foreign and local banks have recorded a sharp increase in digital transactions as more Filipinos embrace technology amid the extended enhanced community quarantine in Luzon to slowdown the spread of the coronavirus disease 2019 or (COVID-19). Union Bank of the Philippines president and chief executive officer Edwin ...

Doctor dies in road crash
philstar.com - 2020-04-16
MANILA, Philippines -- A doctor died in a car crash in Manila on Wednesday. Maria Teresa Dajao, medical officer IV of the city health department, was in a car along Quirino Avenue when she figured in the accident, according to the Manila public information office. Dajao was on her way home after reporting to duty when the accident happened ...

DOT seeks financial aid for stakeholders
philstar.com - 2020-04-16
MANILA, Philippines -- The Department of Tourism (DOT) is in talks with two state-owned banks regarding the provision of financial support to tourism stakeholders, one of the hardest hit groups by the coronavirus disease 2019 or COVID-19 pandemic. "In response to the appeal of the travel industry, the DOT has also been communicating with the ...

SMC imports 40K PPE sets from China
philstar.com - 2020-04-16
MANILA, Philippines -- San Miguel Corp. (SMC) said its first 40,000 sets of protective gear arrived Wednesday on board a Boeing-777 from China, part of a P500-million fund earmarked by the conglomerate to help augment existing supplies and better equip Filipino medical frontliners in the fight against the coronavirus disease 2019 or COVID-19 ...

Power distributors, retailers urged to defer customer billings
philstar.com - 2020-04-16
MANILA, Philippines -- The Energy Regulatory Commission (ERC) has allowed distribution utilities (DUs) and retail electricity suppliers (RES) to defer electricity billings falling due within the extended enhanced community quarantine. In its latest advisory, the ERC directed all DUs and RES not to impose interest, penalties, fees and other ...

PNP exec slain in gun attack
philstar.com - 2020-04-16
SULTAN KUDARAT , Philippines - A police official was gunned down in Isulan town on Wednesday. Maj. Victorino Pansoy, chief of the Internal Affairs Service (IAS) of the Davao del Sur police, suffered multiple gunshot wounds. He died at the scene. Initial investigation showed Pansoy, his partner and daughter had just entered their Toyota Hilux ...

No new COVID case in 4 North Luzon provinces
philstar.com - 2020-04-16
MANILA, Philippines -- The remaining coronavirus disease 2019 (COVID-19) patients in Ilocos Sur, Ilocos Norte, Nueva Vizcaya and Cagayan have recovered. Ilocos Sur Gov. Ryan Luis Singson declared Ilocos Sur free of COVID-19 after their remaining patient in Tagudin town was discharged from a hospital yesterday. The 55-year-old female patient ...

Duterte: We are running low on supplies
Philippine Daily Inquirer - 2020-04-16
MANILA, Philippines -- President Rodrigo Duterte on Thursday night bared that government resources are now dwindling, four weeks into the imposition of the Luzon-wide enhanced community ...

Duterte wants DOH to probe 9 hospitals for turning away patients
Philippine Daily Inquirer - 2020-04-16
MANILA, Philippines -- President Rodrigo Duterte on Thursday night ordered the Department of Health (DOH) to investigate nine hospitals allegedly refusing the admission of patients due to supposed overcrowding caused by the influx of COVID-19 patients. In his taped speech, Duterte said it is "unreasonable" for hospitals to turn down ...

Duterte threatens military, police takeover for stricter enforcement of quarantine measures
CNN Philippines - 2020-04-16
Metro Manila (CNN Philippines, April 16) -- President Rodrigo Duterte on Thursday threatened a takeover by the military and police to enforce quarantine measures after officials noted that more people have been out of their homes, in violation of the Luzon-wide lockdown. Duterte said he is putting the police and military on standby for them to ...

Duterte threatens military, police takeover for stricter enforcement of quarantine measures
CNN Philippines - 2020-04-16
Metro Manila (CNN Philippines, April 16) -- President Rodrigo Duterte on Thursday threatened a takeover by the military and police to enforce quarantine measures after officials noted that more people have been out of their homes, in violation of the Luzon-wide lockdown. Duterte said he is putting the police and military on standby for them to ...

Rains in Luzon, parts of Metro caused by localized thunderstorms, hot weather
Philippine Daily Inquirer - 2020-04-16
MANILA, Philippines - The rains that several provinces in Luzon and some areas in Metro Manila experienced were due to localized thunderstorms, which were caused by the hot weather throughout ...

DOH: No more repeat tests for recovering COVID-19 patients
CNN Philippines - 2020-04-16
Metro Manila (CNN Philippines, April 16) -- Patients with the coronavirus disease will no longer need two negative tests before they are declared COVID-19 survivors and sent home, the Department of Health announced on Thursday. In an online briefing, Special Assistant to the Health Secretary Beverly Ho said the department has "shifted" its ...

SEC flags 3 firms for Ponzi-like schemes
BusinessMirror - 2020-04-16
The Securities and Exchange Commission (SEC) has flagged three firms or groups offering reseller business partnerships, saying this may be a front for their unauthorized investment schemes. In separate advisories, the SEC called out the Ponzi-type investment operations of JOCALS688 Beauty and Wellness Products Trading Inc., TBCMMP Masa Mart Inc ...

Globe offers business continuity solutions
BusinessMirror - 2020-04-16
Globe Telecom Inc. is offering business continuity and telecommuting solutions to enterprises to help them continue with their operations amid the coronavirus diseases 2019 (Covid-19) outbreak in the Philippines. Offering nine different digital services and solutions to its enterprise clients, Globe is capitalizing on the increasing demand for ...

Cop hurt in shooting incident in Albay
Philippine Daily Inquirer - 2020-04-16
LEGAZPI CITY - A police officer was wounded in an attack staged by unidentified gunmen on Thursday afternoon in a remote village in Libon town in Albay province, report said. Police report said Police Staff Sergeant Marwin Macellana was wounded after he was shot at by the suspect while conducting security operation at around 3:15 p.m. at ...

PGH needs 136 patients to join plasma therapy study vs. COVID-19
CNN Philippines - 2020-04-16
Metro Manila (CNN Philippines, April 16) -- The Philippine General Hospital is preparing to conduct a study on how a form of plasma therapy can cure COVID-19, but it needs more than 130 patients to participate in a clinical trial, one of its experts said on Thursday. Hematologist Deonne Guiaran said the hospital needs 136 patients to join the ...

Duque urges Congress: Pass bill creating PH Center for Disease Control
Philippine Daily Inquirer - 2020-04-16
MANILA, Philippines -- Health Secretary Francisco Duque III on Thursday urged Congress to approve the bill seeking to establish the Philippine Center for Disease Control (CDC) as the coronavirus disease (COVID-19) continues to afflict communities in the country. Duque expressed his support towards House Bill No. 6096 filed by Albay Rep.

Elon Musk's promised ventilators never delivered to California hospitals, governor's office says
CNN Philippines - 2020-04-16
(CNN) -- Elon Musk said last month he had obtained more than 1,000 ventilators to help California hospitals treating patients infected with the coronavirus, an effort California Gov. Gavin Newsom hailed as "heroic." Now, more than three weeks later, the governor's office says none of the promised ventilators have been received by hospitals.

IATF: Adequate water, power supply during quarantine
philstar.com - 2020-04-16
The weather outlook from April to September 2020 as predicted by the Philippine Atmospheric, Geophysical and Astronomical Services Administration indicates near normal rainfall. The summer heat ...

Gov't to localize implementation of national plan vs COVID-19
CNN Philippines - 2020-04-16
Metro Manila (CNN Philippines, April 16) -- The national government will localize the implementation of the national plan against COVID-19. National Task Force COVID-19 spokesperson Restituto Padilla said Thursday that Metro Manila mayors have agreed to carry out the plan down to the barangay "to contain, isolate, and eliminate the threat ...

Consumer confidence still 'positive' in Q1 but COVID-19 outbreak darkens outlook
philstar.com - 2020-04-16
MANILA, Philippines -- Consumer confidence remained intact in the first three months of the year, but overall sentiment turned sour for the second quarter and the next 12 months as Filipinos brace for the impact of natural disasters and the coronavirus outbreak on prices of goods and their income, a central bank survey showed on Thursday.

Former DSWD chief, lawmakers slam agency's advisory on COVID-19 donation drives
CNN Philippines - 2020-04-16
Metro Manila (CNN Philippines, April 16) -- A former Social Welfare secretary and some lawmakers have criticized the department's circulating advisory requiring permits and processing fees for COVID-19 fund drives. In a statement, former Department of Social Welfare and Development Secretary Judy Taguiwalo said the department's order on the ...

PhilHealth to cover full hospital expenses of COVID-19 patients
CNN Philippines - 2020-04-16
Metro Manila (CNN Philippines, April 16) -- The Philippine Health Insurance Corporation (PhilHealth) will shoulder the hospital bills of COVID-19 patients who are indigent members of the state-owned agency, its top officer said Thursday. "We are coordinating with the DSWD [Department of Social Welfare and Development]; so that those who are ...

Association leadership in a pandemic
BusinessMirror - 2020-04-16
Below are some noteworthy actions of what association leaders around the world have done: Virtual collaboration. Leaders of the Meetings Mean Business Coalition (MMBC), which has 60 members worldwide, was formed to showcase the value that business meetings, trade shows, incentive travel, exhibitions, conferences and conventions bring to people ...

CPP extends ceasefire, orders NPA units to stand down for 15 more days
Philippine Daily Inquirer - 2020-04-16
MANILA, Philippines - Units of the New People Army (NPA) have been ordered to cease from making offensive actions against state forces as the Communist Party of the Philippines (CPP) extends the ceasefire for 15 more days due to the COVID-19 pandemic. According to a statement from CPP on Thursday, their Central Committee has extended the ...

DSWD to validate beneficiaries after release of COVID-19 cash aid
CNN Philippines - 2020-04-16
Metro Manila (CNN Philippines, April 16) -- To ensure faster release of cash assistance amid the COVID-19 crisis, the government will check if recipients are qualified beneficiaries only after they receive the aid, the Department of Social Welfare and Development said Thursday. The agency said it amended its guidelines on the Social ...

LOOK: Philippine flag-inspired PPEs honor health workers in COVID-19 frontlines
CNN Philippines - 2020-04-16
Since the start of the health crisis, local designers and manufacturers have pledged to produce protective suits for our own health workers-- and some made sure to put their own creative spin to them. While some took inspiration from the realm of entertainment-- from the hit Netflix series Money Heist to Teletubbies-inspired gear-- one ...

Cash-strapped DOLE suspends cash aid but DBM comes to its rescue
philstar.com - 2020-04-16
MANILA, Philippines -- Cash aid for formal workers was suspended on Thursday, but this appears to be temporary as the government vowed to funnel more funds to the program that has so far left more than 1 million workers hanging. In a statement, the Department of Labor and Employment (DOLE) said it is suspending its COVID-19 adjustment measures ...

GSIS opens online application for nationwide COVID-19 emergency loan program
Philippine Daily Inquirer - 2020-04-16
The Government Service Insurance System (GSIS) on Thursday (April 16) opened online applications for its COVID-19 emergency loan program available nationwide. In a statement, the GSIS said it set aside over P30 billion for the emergency loan program for members and pensioners, who are taking financial hits from the impact of COVID-19.

PCSO resumes processing of medical assistance requests
Philippine Daily Inquirer - 2020-04-16
MANILA, Philippines--The Philippine Charity Sweepstakes Office (PCSO) resumed on Wednesday the processing of medical assistance requests amid the enhanced community quarantine (ECQ) placed over Luzon and other parts of the country. All PCSO branches will be open from 9:00 a.m. to 2:00 p.m. on weekdays given the curfew hours imposed local ...

SMC donations to COVID-19 efforts nearing ?1-B
CNN Philippines - 2020-04-16
Metro Manila (CNN Philippines, April 16) -- Big businesses in the country have been active in extending aid to the government as it continues to grapple with the coronavirus epidemic. The big donors include San Miguel Corporation which has now donated nearly ?1 billion to COVID-19 initiatives. RELATED: TIMELINE: The COVID-19 response money ...

13 war veterans die of COVID-19
CNN Philippines - 2020-04-16
Metro Manila (CNN Philippines, April 16) -- The novel coronavirus has killed 13 war veterans, the Veterans Federation of the Philippines confirms. Veterans Memorial Medical Center (VMMC) has 39 veterans are under their care, with 29 of them admitted to the hospital. Of this number, 13 have been confirmed positive for COVID-19, the Federation ...

Recoveries exceed 400 as COVID-19 cases reach 5,660, DOH reports
CNN Philippines - 2020-04-16
Metro Manila (CNN Philippines, April 16) -- Eighty-two more people have recovered from the coronavirus disease in the country, the biggest number of survivors confirmed by the Department of Health in a single day. This brings the total number of recoveries to 435, the DOH reported on Thursday. The Philippines now has 5,660 confirmed cases of ...

Pioneer Data Privacy | Website Terms and Conditions | Copyright 2014. Pioneer Insurance. All Rights Reserved.