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UN: Pandemic could shrink global economy almost 1% in 2020
Philippine Daily Inquirer - 2020-04-02
UNITED NATIONS -- The global economy could shrink almost 1% this year due to the new coronavirus, a sharp reversal from the pre-pandemic forecast of 2.5% growth, the United Nations said Wednesday. The U.N. Department of Economic and Social Affairs warned in a report that the decline could be even deeper if restrictions on economic activities ...

Face masks, improvised face cover now required in Luzon
CNN Philippines - 2020-04-02
Metro Manila (CNN Philippines, April 2) -- Residents and workers in Luzon are now required to wear surgical masks or similar covers when they leave their homes, Inter-agency Task Force spokesperson Karlo Nograles said on Thursday. He said everyone covered by the Luzon-wide enhanced community quarantine are required to wear surgical masks, do ...

FastJobs, Citihub provide free accommodations to jobseekers following lockdown
philstar.com - 2020-04-02
MANILA, Philippines -- As the enhanced community quarantine continue in Luzon and parts of the country due to COVID-19, a cloud of uncertainty hovers among Filipino jobseekers, including those who lost their jobs due to closures of businesses. In response, FastJobs Philippines, in partnership with Citihub, is launching a campaign to help ...

Philippine Student Hopes 3D Printer Can Be Lifesaver for Doctors
New York Times - 2020-04-02
A schoolboy in the Philippines has been putting his free time to good use by making dozens of plastic face shields with his home 3D printer, in an effort to protect medical workers fighting a surge in coronavirus cases.

Pagasa: Hot, humid Thursday with possible isolated rains nationwide
Philippine Daily Inquirer - 2020-04-02
MANILA, Philippines -- The country will experience hot and humid weather with partly cloudy to cloudy skies and isolated rain showers on Thursday, the Philippine Atmospheric, Geophysical ...

The Philippines Was an Economic Star. Until Covid-19
Bloomberg - 2020-04-01
Growth was poised to outpace long-time regional winners such as China, Indonesia and India. The outbreak could change the calculus. Growth was poised to outpace long-time regional winners such as ...

BSP governor expects PH to go into technical recession due to COVID-19
CNN Philippines - 2020-04-01
Metro Manila (CNN Philippines, April 2) - The COVID-19 pandemic cut growth prospects for economies across the globe, and the Philippines was not immune. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said he expects the Philippine economy to go into a technical recession this year, which means the country will experience negative ...

Zoom, the video conferencing app everyone is using, faces questions over privacy
CNN Philippines - 2020-04-01
(CNN) -- The coronavirus outbreak has seen millions of people ordered to stay in their homes flock to Zoom, using the video conference app for everything from brunches and birthday parties to religious events and even a UK cabinet meeting. But the spike in popularity is leading to a wave of scrutiny, particularly around privacy. While video ...

Quezon City records 23 new cases of COVID-19, total number now at 174
CNN Philippines - 2020-04-01
Metro Manila (CNN Philippines, April 2) -- The Quezon City Health Department confirmed 23 additional cases of COVID-19 in the city Wednesday, raising the total number to 174. The city has recorded 27 fatalities, and 11 recoveries. As of Wednesday, a total of 142 barangays have also been decontaminated in the city. The country now has 2,311 ...

Spending slows; purchases more on food, health items
Philippine Daily Inquirer - 2020-04-01
The lockdown of Luzon amid the coronavirus (COVID-19) pandemic is likely to take a heavy toll on the consumer and retail sectors, but higher food, beve­rage and health spending can help shore up overall household spending for the full year, think tank Fitch Solutions said. In a research note dated March 31, Fitch Solutions said it was ...

Metro Manila to have normal water supply for April
Philippine Daily Inquirer - 2020-04-01
The allocation of raw water from Angat dam to the Metropolitan Waterworks and Sewerage System (MWSS) remains normal in April at 46 cubic meters per second, mainly to address the continuing need for sanitation in households and health facilities as the Luzon-wide enhanced community quarantine passes the halfway point. Sevillo David Jr ...

Why Pizza Companies Are Weathering The Downturn Better Than Their Restaurant Counterparts
Forbes - 2020-04-01
A Domino's restaurant in Nottingham which remains open as the company provides a contactless ... [+] delivery service to help limit the spread of coronavirus. (Photo by Tim Goode/PA Images via Getty Images) The past two weeks have provided an early glimpse of just how badly the COVID-19 pandemic could affect the restaurant industry in the long ...

A Roku exec explains a new initiative the company is rolling out to answer the 2 biggest questions it's getting from advertisers
Business Insider - 2020-04-01
Daily routines are changing rapidly with more people staying home, and advertisers are wondering where they fit in.

TRANSFORMING USER EXPERIENCE IN BANKING: Here are the strategies winning financial institutions are using to deliver a superior user experience
Business Insider - 2020-04-01
This report looks at winning UX design strategies employed by leading banks to reveal how other FIs can best capture the UX opportunity.

Opinion: The Way The U.S. Beat TB Could Be A Boon In Battling Coronavirus
NPR - 2020-04-01
As the world battles the deadly coronavirus, there is a lot we can learn from one of the great pandemics of recent centuries: tuberculosis. Like the bug that has caused the newest global outbreak, TB is spread through the air. Every exhaled breath by a person with the disease can spread the tuberculosis bacteria to new individuals. TB is ...

Fighting COVID-19 Is Like 'Whack-A-Mole,' Says Writer Who Warned Of Pandemic
NPR - 2020-04-01
Two years ago, science writer Ed Yong wrote an article for The Atlantic in which he warned that a new global pandemic was inevitable -- and that the world would be unprepared for it when it arrived. Now, with the outbreak of COVID-19, much of what Yong warned about in his reporting has come true. Yong says scientists are still working to ...

Self-driving car engineer Anthony Levandowski files motion to force Uber into arbitration
TechCrunch - 2020-04-01
Anthony Levandowski, the star self-driving car engineer who was at the center of a trade secrets lawsuit, has filed a motion to compel Uber into arbitration in the hopes that his former employee will have to shoulder the cost of at least $179 million judgment against him. The motion to compel arbitration filed this week is part of Levandowski ...

Can Washing Groceries Help Prevent COVID-19 Exposure? One Canadian Health Expert Thinks So
International Business Times - 2020-04-01
Dr. Jeff Kwong said washing groceries could serve as a good "precaution" to prevent possible exposure to COVID-19 Kwong's recommendation is in response to reports that coronavirus is capable of surviving on plastic surfaces for nearly three days after exposure Another expert pushed back somewhat on Kwong's stance, saying fruits and vegetables ...

FCC to vote on plan to open up significantly more spectrum for wi-fi
ZDNet - 2020-04-01
Federal Communications Commission Chairman Ajit Pai on Wednesday proposed new rules to open up the 6 GHz spectrum band to unlicensed use, making room on the valuable midband spectrum range for wi-fi routers and other devices. The full FCC will vote on the draft rules at its April 23 meeting. The proposed rules would make 1,200 megahertz of ...

Nextdoor updates its app to allow businesses to link to fundraisers, gift cards and more
TechCrunch - 2020-04-01
Neighborhood social networking app Nextdoor is rolling out a few changes focused on supporting local businesses. The COVID-19 outbreak has forced many businesses to close their doors, sometimes for good, while others are struggling to stay afloat. As a result, many Nextdoor users have been posting on the app asking how they can help support ...

T-Mobile, Sprint complete merger, T-Mobile CEO Legere steps down
UPI.com - 2020-04-01
April 1 (UPI) --T-Mobile formally completed its $31 billion merger with Sprint on Wednesday, a union of the United States' third- and fourth-largest wireless carriers. The new company, to be called T-Mobile, promised that its 5G network will reach 99 percent of U.S. homes within six years and offer 50 Mbps speeds to 90 percent of rural areas ...

Pandemic locks down PHL, UN in pursuit to achieve sustainable development goals
BusinessMirror - 2020-04-01
The unemployment rate, nonetheless, has improved to 5.1 percent in 2019. However, Neda said the government aims to address its challenges through the Green Jobs Act, which promotes decent jobs in environment-related industries; inclusive business models that involve marginalized sectors; expanded maternity leaves that help women in the ...

This artist is using her murals to help motivate people during the pandemic
Mashable - 2020-04-01
Mashable is a global, multi-platform media and entertainment company. Powered by its own proprietary technology, Mashable is the go-to source for tech, digital culture and entertainment content for its dedicated and influential audience around the globe. ©2020 Mashable, Inc. All Rights Reserved. Mashable, MashBash and Mashable House are among ...

OVP set to open 2 more dormitories in Manila for COVID-19 frontliners
Philippine Daily Inquirer - 2020-04-01
MANILA, Philippines -- The Office of the Vice President (OVP) will open two more free dormitories in Manila for frontliners in the fight against the coronavirus disease (COVID-19) pandemic. This brings the total dormitories operated by the OVP to four. According to a post on the Facebook account of Vice President Leni Robredo on Wednesday, the ...

AboitizPower eyes P10 billion retail bond issuance in Q3
philstar.com - 2020-04-01
MANILA, Philippines -- Aboitiz Power Corp. is eyeing to issue nearly P10 billion fixed-rate retail bonds by the third quarter of the year. In a disclosure to the Philippine Stock Exchange Tuesday, AboitizPower said it filed an application with the Securities and Exchange Commission (SEC) for the issuance of the fourth tranche of its P30 ...

BSP eases rules on rediscount loans for banks
philstar.com - 2020-04-01
MANILA, Philippines -- The Bangko Sentral ng Pilipinas (BSP) has relaxed the guidelines on the availments of rediscounting loans to help banks tap the facility to meet their temporary liquidity needs amid the coronavirus disease 2019 or COVID-19 pandemic. BSP Governor Benjamin Diokno said the Monetary Board issued resolution 440.B on March 25 ...

BDO finds ways for clients to bank during lockdown
philstar.com - 2020-04-01
MANILA, Philippines -- BDO Unibank is offering alternatives to branch banking, from promoting its online and mobile banking services to keeping its other channels available. This way, even if the branch near them is not available or handling heavier than usual transactions, their banking activity will not be hampered. BDO encourages its ...

Alsons Power continues plant operations
philstar.com - 2020-04-01
MANILA, Philippines -- The Alsons Power Group said its power plants continue to operate despite the ongoing enhanced community quarantine of many areas in the country. "Our operations are ongoing and we continue to dispatch power to our various customers in Mindanao", Alsons Power executive vice president Tirso Santillan Jr. said.

Airlines to suffer severe cash burn in Q2 -- IATA
philstar.com - 2020-04-01
MANILA, Philippines -- Airlines are far from getting over the hump as they are expected to face severe cash burn in the second quarter, according to the International Air Transport Association (IATA). In a report, IATA said that airlines may use up their $61 billion cash reserves in the second quarter. IATA said cash burn would be severe for ...

Security Bank eyes P50 billion LTNCD issue
philstar.com - 2020-04-01
MANILA, Philippines -- Security Bank Corp. is raising P50 billion via the issuance of long-term negotiable certificates of deposits (LTNCDs) as it returns to the domestic debt market to finance future asset expansion. In a disclosure to the Philippine Stock Exchange (PSE), Security Bank said its board of directors approved the planned fund ...

Philippines urges trading partners to honor rice deals
philstar.com - 2020-04-01
MANILA, Philippines -- The government is calling on neighboring countries to honor their commitment to export rice to the Philippines after suppliers started cutting down on their shipments to other nations. During the Laging Handa virtual briefing yesterday, Agriculture Secretary William Dar said there are still 1.3 million metric tons of ...

Stocks sustain rally for 2nd straight day
philstar.com - 2020-04-01
MANILA, Philippines -- The stock market continued to rally yesterday, extending gains for the second consecutive session. The benchmark Philippine Stock Exchange index (PSEi) gained by 87.29 points, or 1.64 percent, to finish at 5,408.52. Likewise, the broader All Shares index rose by 41.04 points, or 1.26 percent, to finish at 3,278.81.

Pagcor expects up to P6 billion losses from gaming suspension
philstar.com - 2020-04-01
MANILA, Philippines -- The Philippine Amusement and Gaming Corp. (PAGCOR) expects to lose as much as P6 billion in revenues a month following the suspension of gaming operations to prevent the spread of the coronavirus disease 2019 or COVID-19. In a statement, PAGCOR chairman and chief executive officer Andrea Domingo said the gaming regulator ...

Go Negosyo Mentor ME Online
philstar.com - 2020-04-01
From online tutorial sessions to live concerts and educational webinars, all sorts of online efforts are keeping people engaged and busy during the enhanced community quarantine (ECQ). This, I believe, shows the power and potential of digital platforms. Social media and the different online platforms have not only helped ease the fears and ...

BSP chief: There is reason to partially lift quarantine by April 15
CNN Philippines - 2020-04-01
Metro Manila (CNN Philippines, April 1) - The enhanced community quarantine happening across the country has forced economic activity to a halt, and this has had a chilling effect on growth ...

Pinoy aquarantined
philstar.com - 2020-04-01
Distance aside, either a strong current, bad weather or freezing temperature aborted at least three of his many swim attempts. After swimming four kilometers in the English Channel, deteriorating ...

Bayan to Duterte: Rather than making threats, just deliver aid
Philippine Daily Inquirer - 2020-04-01
MANILA, Philippines -- Instead of making threats, President Rodrigo Duterte should just deliver the aid that is being sought by the people, militant group Bagong Alyansang Makabayan (Bayan) said Wednesday. In a statement, Bayan Secretary-General Renato Reyes said Duterte should have learned by now that problems would not be solved by shooting ...

Probationary workers must wait 1 more month to be permanent - DOLE
BusinessMirror - 2020-04-01
As of March 31, DOLE said the business disruptions caused by Covid-19 have affected the employment of 630,000. Of these figures, 169,232 belong to the informal sector, while the rest are in the formal sector. DOLE launched its Covid-19 Adjustment Measures Program (CAMP) and Tulong Panghanapbuhay Sa Ating Displaced/Disadvantaged Workers Program ...

Coronavirus hits rich and poor unequally in Latin America
BusinessMirror - 2020-04-01
Vazquez, who also worked as a trainer in a gym until it shut down today, said business for street performers has plummeted, with the few clients still stopping opting to take their pictures from a distance or posing beside him awkwardly, amid the worldwide spread of the new coronavirus. "We have to pay rent, light, gas, telephone," said ...

Angara transferred to hospital days after COVID-19 diagnosis
CNN Philippines - 2020-04-01
Metro Manila (CNN Philippines, April 1) -- Senator Sonny Angara has been in the hospital since Sunday, his staff said, three days after he confirmed he had coronavirus disease. Angara's staff reported on Wednesday that the senator was "on track" to recovery while experiencing only a "mild cough". He is feeling better than when he had sore ...

Duterte defends health workers against discrimination, harassment
Philippine Daily Inquirer - 2020-04-01
MANILA, Philippines -- President Rodrigo Duterte on Wednesday ordered the police to patrol and reciprocate the action of those who are splashing chemicals at health workers on the frontlines of the coronavirus disease (COVID-19) outbreak. In a public address, Duterte lamented reports of discrimination and harassment against health workers.

Vico not being singled out - DOJ, NBI chiefs
Philippine Daily Inquirer - 2020-04-01
MANILA, Philippines - Pasig City Mayor Vico Sotto is not being singled out on the investigation being conducted by the National Bureau of Investigation (NBI) against local government officials who violated Republic Act 11469 or the Bayanihan to Heal as One Act, both Justice Secretary Menardo Guevarra and NBI Director Eric Distor said.

Food security expert: Rice supply not an issue amid quarantine
CNN Philippines - 2020-04-01
Metro Manila (CNN Philippines, April 1) - With stringent travel restrictions in Luzon amid the coronavirus crisis, a food security expert downplayed concerns about a possible rice shortage. Victor "Bruce" Tolentino said food security is not an issue. Tolentino, former deputy chief of the International Rice Research Institute (IRRI) and now a ...

21 protesters demanding food aid arrested in Quezon City
CNN Philippines - 2020-04-01
Metro Manila (CNN Philippines, April 1) -- Twenty-one protesters demanding food and other assistance were arrested Wednesday in Quezon City for staging a rally without government permit, police said. The Quezon City Police District in a statement said the protesters, who are residents of Sitio San Roque, were arrested at a portion of EDSA in ...

Vico asks NBI to state specific quarantine rule infraction
Philippine Daily Inquirer - 2020-04-01
MANILA, Philippines -- Pasig Mayor Vico Sotto on Wednesday asked the National Bureau of Investigation (NBI) to state clearly the nature of his violations under the Bayanihan to Heal as One Act.

April 1: PH cities, provinces with confirmed COVID-19 cases
Philippine Daily Inquirer - 2020-04-01
MANILA, Philippines -- The coronavirus disease 2019 (COVID-19) contagion in the country continues to increase on a daily basis. The Department of Health (DOH) on Wednesday afternoon reported 227 new COVID-19 cases, bringing the total infection in the country to 2,311. Meanwhile, there are now 96 COVID-19 related deaths while 50 managed to recover.

Profiteering amid COVID-19: 2 suspects nabbed in Isabela city
Philippine Daily Inquirer - 2020-04-01
CAUAYAN CITY--The campaign against hoarding and profiteering continued on Wednesday (April 1), leading to the arrest in the city of a man and a woman who fell in a buy-bust operation involving rubbing alcohol. Police arrested Maria Claudette Lorenzo, 29, and Lorenzo Mangorit, 27, after they handed over two gallons of isopropyl alcohol in ...

4 Filipinos in Europe die from COVID-19 -- DFA
Philippine Daily Inquirer - 2020-04-01
MANILA, Philippines -- Four more overseas Filipinos have died due to the coronavirus disease (COVID-19), the Department of Foreign Affairs (DFA) said. According to data released by the DFA on Wednesday, the four Filipino fatalities were reported in Europe. "The DFA personnel in our foreign service posts continue to monitor the status of our ...

Inflation likely eased in March
philstar.com - 2020-04-01
MANILA, Philippines -- Inflation likely eased further for the second straight month in March amid the steady decline in oil prices as well as the price freeze on basic commodities amid the month-long enhanced community quarantine in Luzon to prevent the spread of the coronavirus disease 2019 or COVID-19, according to the Bangko Sentral ng ...

Agriculture group calls for reinvigoration of farm sector instead of importation
philstar.com - 2020-04-01
MANILA, Philippines -- The Philippines should set aside its importation plans and instead focus on reinvigorating the local agriculture sector especially at a time when the global market has become unreliable and expensive. Agriculture group Samahang Industriya ng Agrikultura (Sinag) called on the government to plan, fund and plant as a ...

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