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Hong Kong issues travel restrictions to non-residents for 2 weeks
Philippine Daily Inquirer - 2020-03-24
MANILA, Philippines -- Hong Kong would no longer allow the entry of non-residents for two weeks, the Department of Foreign Affairs (DFA) said on Tuesday. The DFA advised travelers "to check if their inbound or outbound flights from Philippine airports will be affected by this new restriction, and adjust travel plans accordingly."

NEDA backs 'widespread' testing to contain COVID-19 spread with thousands of jobs at stake
CNN Philippines - 2020-03-24
Metro Manila (CNN Philippines, March 24) -- The National Economic and Development Authority has called for "widespread" coronavirus testing, as it flagged that at least 116,000 jobs are at stake as the disease continues to spread. A March 19 assessment released by the agency on Tuesday showed mounting losses borne by the Philippine economy due ...

Bikers lead initiative to lend bikes for frontliners in COVID-19 crisis
CNN Philippines - 2020-03-24
Metro Manila (CNN Philippines, March 24) - As all forms of mass transportation were stopped due to the enhanced community quarantine in Luzon brought by COVID-19, frontline workers are finding it hard to get to their places of work. Mark Narag, who lives in Pandacan, Manila and works as a discharge officer at the Philippine General Hospital ...

'All of us lost our jobs:' Food lines, tears and despair as layoffs mount
CNN Philippines - 2020-03-24
(CNN) --Josh Souder has slept only three or four hours a night since California issued a statewide stay-home order. Those hours are his only exhausted respite in the daily panic of losing thousands of dollars a day at his restaurants. "It's just been a completely life altering experience from start to finish -- and within a week," said Souder ...

S. Korea calls on G-20 to work on alleviating excessive travel, logistics bans
Philippine Daily Inquirer - 2020-03-24
SEOUL -- South Korea has urged advanced nations to refrain from excessive restrictions on human activities and material resources amid the global novel coronavirus spread, citing the economic repercussions, according to the Ministry of Economy and Finance on Tuesday. Finance ministers and central bank governors from the Group of 20 member ...

'I will do it again': Cayetano defends 'stay at home' sign amid online backlash
CNN Philippines - 2020-03-24
Metro Manila (CNN Philippines, March 24)-- House Speaker Alan Peter Cayetano shrugged off criticisms against the viral "stay at home" sign flashed during Congress' special session on Monday, saying he would "do it again" for the purpose of information dissemination on the COVID-19 pandemic. In his midnight address, Cayetano said lawmakers did ...

Homemade face masks only a stop-gap measure, WHO official says
CNN Philippines - 2020-03-24
Metro Manila (CNN Philippines, March 24) -- The World Health Organization's representative in the Philippines says homemade face masks and other personal protective gear may be acceptable as a "stopgap measure" but they don't assure 100 percent defense against the coronavirus. Because of a shortage of masks, both here and globally, people are ...

Overseas remittances to continue despite community quarantine
CNN Philippines - 2020-03-24
Metro Manila (CNN Philippines, March 24) -- Authorities have assured that money remittances from overseas would continue to come in even as the country is under quarantine due to COVID-19 pandemic. [Translation: Remittance businesses have not stopped...the banking and financial services sectors continue to serve.] Dulay, however, said there ...

The Palms Club offers shelter for frontliners
Philippine Daily Inquirer - 2020-03-24
The Palms Country Club of Alabang, in partnership with its developer Filinvest group, opened its doors to be a temporary hub for health workers, nurses and doctors from the Research Institute for Tropical Medicine (RITM) in need of shelter during the Luzon-wide enhanced community quarantine (ECQ) period. This is the first exclusive sports and ...

Philippine economy could contract in 2020 due to coronavirus outbreak
Nasdaq - 2020-03-24
MANILA, March 24 (Reuters) - Philippines said that its economy couldcontract for the first time in more than two decades this year due to the fallout from the coronavirus pandemic. The economic planning agency said on Tuesday growth drivers like consumption,

BSP boosts COVID-19 ammunition to P500 billion with fresh reserve cuts
philstar.com - 2020-03-24
MANILA, Philippines -- There is no let-up on monetary stimulus from the Bangko Sentral ng Pilipinas (BSP). A day after announcing a P300-billion cash injection to the government through bond purchases, the central bank said on Monday it is slashing bank reserves for big banks by 200 basis points to 12 percent effective March 30, releasing an ...

Full rooms, supply shortage, understaffed shifts: Philippine frontliners bare challenges in COVID-19 fight
CNN Philippines - 2020-03-24
Metro Manila (CNN Philippines, March 24)-- "We go to work for you; please stay at home for us." The quote has made rounds on social media-- with health workers pleading for residents to strictly follow home quarantine protocols amid the rapid spike of COVID-19 cases worldwide. The case is true even in the Philippines, where a Luzon-wide ...

PNB says employee tested positive for COVID-19
CNN Philippines - 2020-03-24
Metro Manila (CNN Philippines, March 24) -- The Philippine National Bank on Tuesday disclosed that an employee in its Financial Center at Macapagal Boulevard, Pasay City has been diagnosed with the coronavirus disease. The bank in an advisory said the employee's COVID-19 test results came out positive on Monday. It said the employee has been ...

Plea for mass testing receives online support
CNN Philippines - 2020-03-24
Metro Manila (CNN Philippines, March 24) -- Over 160,000 Filipinos have expressed support for the Change.org online petition urging the government to expand its coronavirus disease testing efforts. The petition started by a group named Mass Testing Now PH last week is calling on authorities to implement mandatory mass testing nationwide and ...

BSP slashes bank reserves to pump more cash amid COVID-19 economic slowdown
CNN Philippines - 2020-03-24
Metro Manila (CNN Philippines, March 24) -- The Bangko Sentral ng Pilipinas followed through with another liquidity and confidence booster, this time slashing bank reserves to spur more lending and increase economic activity. BSP Governor Benjamin Diokno announced Tuesday a 200 basis point (bp) cut in the reserve requirement ratio or RRR for ...

These US companies are hiring thousands of new employees during the coronavirus pandemic
CNN Philippines - 2020-03-24
(CNN) -- Coronavirus has drastically shifted the world's buying habits, and American businesses are rapidly adjusting to the new pandemic reality. Many retailers are shut down, but consumers continue to flock to pharmacies, grocery stores and take-out restaurants. Demand for essential goods and food has skyrocketed and stores are hiring like ...

Expiring TV, telco permits during Luzon quarantine automatically renewed - NTC
CNN Philippines - 2020-03-24
Metro Manila (CNN Philippines, March 24) -- All telecommunications firms with expiring permits will get an automatic renewal valid up to two months after the Luzon-wide shutdown, the National Telecommunications Commission said. The regulator issued Memorandum Order 01-03-2020 on March 16, saying that all broadcast and communications companies ...

Another COVID-19 frontliner, an esteemed cardiologist, dies
CNN Philippines - 2020-03-24
(CNN Philippines, March 24) -- A "great pillar" of Philippine cardiology who was on the frontline of the country's battle against COVID-19 died on Tuesday, the Philippine Heart Association (PHA) said. Dr. Raul Diaz Jara, an esteemed cardiologist and internist, also served as president of the Philippine Heart Association. Neither PHA nor Jara's ...

DOH may again revise COVID-19 testing protocols
CNN Philippines - 2020-03-24
Metro Manila (CNN Philippines, March 24) -- The Department of Health said Tuesday it is eyeing to change anew its rules on who should be tested for coronavirus disease amid criticisms that limited testing may leave COVID-19 cases undetected in the country. Health Secretary Francisco Duque III told CNN Philippines that DOH may ease their ...

1.7 billion told to stay home worldwide over virus
Philippine Daily Inquirer - 2020-03-24
PARIS-Some 1.7 billion people have been asked to stay home in over 50 countries and territories around the world as governments battle the coronavirus pandemic sweeping the globe, according to an AFP tally Monday. Some countries, like the Philippines, have imposed mandatory lockdown measures, while others have issued stay-at-home ...

Stocks slump, despite Fed aid, as virus bill stalls again
Philippine Daily Inquirer - 2020-03-23
NEW YORK -- Stocks fell about 3% on Wall Street Monday as Congress hit another roadblock in talks to inject nearly $2 trillion into the economy. Even an extraordinary flood of support from the ...

Business groups, Church to give groceries to urban poor
BusinessMirror - 2020-03-23
Top business groups and Church leaders on Monday said it raised over P1.5 billion to fund the distribution of grocery vouchers to urban poor residents in the Metro Manila area. In a statement posted online, the project dubbed Project Damayan targets to distribute P1,000 gift certificates to over 1 million households in the poor communities of ...

Antivirus funding bill splits House, Senate
BusinessMirror - 2020-03-23
Earlier, both the Executive and Congress said funding would be needed as stimulus for the economy, support for affected business sectors, and immediate response to help millions of daily-wage ...

The World Health Organization's coronavirus treatment trial will enroll patients this week
CNN Philippines - 2020-03-23
(CNN) -- The World Health Organization's SOLIDARITY Trial -- which will examine potential treatment options for Covid-19 -- plans to enroll its first patients this week, WHO chief scientist Dr. Soumya Swaminathan said during a call with reporters today. WHO announced last week that it had organized the trial to test coronavirus treatment ...

19 Filipinos positive for virus after Malaysia event
Philippine Daily Inquirer - 2020-03-23
COTABATO CITY--At least 19 of the 215 Islamic preachers who attended a religious gathering in Kuala Lumpur, Malaysia, had tested positive for COVID-19 and were being held in the Malaysian capital ...

Under strict rules, DOT permits 33 hotels to operate during ECQ
BusinessMirror - 2020-03-23
Ibarreta told the BusinessMirror, these hotels account for about 30,000 rooms. Many of them are accommodating not just long-term guests, but also frontliners, employees of business- process outsourcing (BPO) companies, and the like. As this developed, the DOT on Monday released an amended implementing rules and regulations (IRR) on the ...

Palace lifts checkpoint accreditation requirement for health workers; death of three doctors due to Covid-19 mourned
BusinessMirror - 2020-03-23
Medical workers, who will be on duty during the enhanced community quarantine (ECQ) in Luzon, would no longer need to secure an accreditation from the Department of Health (DOH) to be exempted from the mandatory home quarantine. Cabinet Secretary Karlo B. Nograles said medical workers are no longer included in the March 26, 2020 deadline set ...

Top economists see some echoes of depression in US sudden stop
BusinessMirror - 2020-03-23
But as business activity halts and layoffs surge, some prominent economy watchers--including former White House chief economists Glenn Hubbard and Kevin Hassett and former Federal Reserve Vice Ch ...

33 passengers from Manila stranded in Davao de Oro
philstar.com - 2020-03-23
DAVAO CITY, Philippines -- Thirty-three passengers from Metro Manila are stranded in Monkayo, Davao de Oro due to the enhanced community quarantine. The passengers, who were on a Philtranco bus, was pulled over at a checkpoint in Barangay Pasian on March 21. The regional task force on coronavirus 2019 disease (COVID-19) prohibits anyone from ...

BSP announces P300 billion stimulus to fight virus
philstar.com - 2020-03-23
MANILA, Philippines -- The Bangko Sentral ng Pilipinas is injecting P300 billion into the economy by purchasing debt papers from the Bureau of the Treasury (BTr) to help cushion the impact of the pandemic on the economy, BSP Governor Benjamin Diokno announced yesterday. According to Diokno, the Monetary Board has authorized the BSP to purchase ...

COVID-19 PUIs moved to Quezon City hotel
philstar.com - 2020-03-23
MANILA, Philippines -- The Quezon City government has transferred seven persons under investigation (PUIs) for coronavirus disease 2019 to a hotel tapped as a quarantine facility as hospitals in the city are crowded with patients found positive for COVID-19. Of the 14 PUIs who were sent home by different hospitals, the city government said ...

Town exec nabbed for violating quarantine
philstar.com - 2020-03-23
STO. TOMAS, Pangasinan, Philippines -- A municipal councilor was arrested for disobeying authorities manning a checkpoint in Barangay San Antonio in this town at past midnight yesterday. Top Jigur Peregrino, 38, of the nearby Alcala town, reportedly refused to cooperate and showed arrogance as he was being questioned by officers enforcing the ...

Big business to raise P1.5 billion for COVID-hit urban poor
philstar.com - 2020-03-23
Top business groups have pooled resources to raise P1.5 billion to fund grocery vouchers for urban poor residents in Metro Manila to help them cope with the Luzon-wide quarantine that was imposed in light of coronavirus disease 2019 or COVID-19. Companies supporting the Project Ugnayan initiative are the Aboitiz Group, ABS-CBN and the Lopez ...

LPA outside PH has little chance of turning into tropical depression -- Pagasa
Philippine Daily Inquirer - 2020-03-23
MANILA, Philippines - The low-pressure area (LPA) spotted outside of the Philippine area of responsibility (PAR) has a small chance of turning into a tropical depression or a typhoon, the state weather bureau said on Monday. According to the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa), the LPA was ...

Biz groups want limits to Duterte's 'special powers' to address COVID-19 outbreak
philstar.com - 2020-03-23
MANILA, Philippines -- Business groups on Monday threw their support behind moves to grant President Rodrigo Duterte special powers to fight the coronavirus pandemic and soften the economic blow of the health crisis, but stressed that such powers must have limits. Duterte on Monday asked Congress to give him sweeping powers to stem the ...

B2Gold temporarily suspends Philippine gold mining due to fuel shortage
Nasdaq - 2020-03-23
B2Gold has temporarily suspended mining at its Masbate mine in the Philippines because government measures to contain the coronavirus outbreak had disrupted fuel supplies. LONDON, March 23 (Reuters) - B2Gold BTO.

D&L ready to produce alcohol and disinfectants
philstar.com - 2020-03-23
MANILA, Philippines -- Food and sanitation chemicals manufacturer D&L Industries is aligning its resources to serve the increase in demand for alcohol, disinfectants and immunity boosters. At the same time, the company also committed to ensure a steady supply of raw materials needed for the continued production of food in the country.

Japan asked the international media to change how we write their names. No one listened
CNN Philippines - 2020-03-23
(CNN) --In a full-page spread on March 2, 1979, the Los Angeles Times introduced its readers to Pinyin, a Chinese romanization system it said was changing the "familiar map of China." In the new system "Canton becomes Guangzhou and Tientsin becomes Tianjin." Most importantly, the newspaper would now refer to the country's capital as Beijing ...

Central bank approves ?300-B fund for COVID-19 response via bond deal with Treasury
CNN Philippines - 2020-03-23
Metro Manila (CNN Philippines, March 23) -- The central bank has opened a ?300-billion bond buying program with the Treasury to boost funds in combatting the novel coronavirus outbreak. The Monetary Board announced on Monday that it has approved a bond repurchase deal between the Bangko Sentral ng Pilipinas and Bureau of the Treasury.

20 conglomerates merge ?1.5B donations for grocery vouchers amid Luzon quarantine
CNN Philippines - 2020-03-23
Metro Manila (CNN Philippines, March 23) -- Some of the country's largest businesses have pooled donations worth over ?1.5 billion, which they will hand out as gift certificates to poor families in Luzon for food and groceries during the enhanced community quarantine. The newly-formed "Project Ugnayan," chaired by Philippine Disaster ...

Coronavirus worries spill over to forex market as peso sinks to 5-month low
philstar.com - 2020-03-23
MANILA, Philippines -- The peso fell to its weakest level in more than five months on Monday as fears of the economic repercussions of coronavirus disease-2019 (COVID-19) outbreak spills over to the foreign exchange market. At the start of the trading week, the local unit closed at 51.33 against the greenback, 36 centavos weaker than its ...

DFA: 153 Filipinos abroad infected with COVID-19; 1 dead
Philippine Daily Inquirer - 2020-03-23
MANILA, Philippines -- As many as 153 Filipinos from 23 countries/territories across the world have been infected by the coronavirus disease 2019 (COVID-19), the Department of Foreign Affairs ...

No need to suspend electricity spot market at this time, says ERC chief
BusinessMirror - 2020-03-23
The SO and PEMC-MO have both submitted to the ERC their respective Business Continuity Plans considering the current Covid-19 situation. The PEMC-MO is currently implementing Risk Scenario 1 or the "business-as-usual" despite the current situation. Also, the ERC said there is close coordination with the IATF-EID being implemented and Market ...

Cong. Villar team readies essential supplies for barangay health workers
BusinessMirror - 2020-03-23
The Office of Las Piñas Rep. Camille Villar prepares face masks and hygiene kits - soaps, alcohols and sanitizers - for distribution to barangay health workers and barangay health centers and offices in Las Piñas today. Recently, the office of Rep. Villar also distributed food packs to health workers, and hospital and military personnel ...

One PH now free-to-view to all current and old subscribers of Cignal
BusinessMirror - 2020-03-23
As one with the nation, Cignal TV is offering one of its news & entertainment channels, One PH, free-to-view for all of its subscribers. This feature is available to both old and new subscribers, even to those with an inactive subscription or out of prepaid load and with deactivated old boxes. One PH airs daily news updates on COVID-19 and the ...

US court junks conspiracy charges vs casinos, RCBC over Bangladesh Bank heist
CNN Philippines - 2020-03-23
Metro Manila (CNN Philippines, March 23) -- A court in New York has dismissed conspiracy charges filed by the Bangladesh central bank against a Philippine bank and local casinos over a 2016 heist that took away $81 million from Dhaka. In a disclosure, Bloomberry Resorts Corporation -- the operator of Solaire Resort & Casino -- said the ...

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