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Philippines Central Bank Chief Says Better to Cut Rates Soon
YAHOO! - 2020-02-06
Follow Bloomberg on LINE messenger for all the business news and analysis you need.Philippine central bank Governor Benjamin Diokno said it would be better to cut interest rates sooner rather than later,

Rains expected in Visayas, parts of Mindanao due to LPA
Philippine Daily Inquirer - 2020-02-06
MANILA, Philippines -- The trough or extension of a low-pressure area (LPA) will bring cloudy skies and scattered rain showers and thunderstorms to the Visayas and parts of Mindanao, the state weather bureau said Thursday. In its latest weather bulletin, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa ...

Eagle Cement denies SMC control as competition body flags potential monopoly
CNN Philippines - 2020-02-06
Metro Manila (CNN Philippines, February 6) -- Eagle Cement Corporation denied operating under the control of San Miguel Corporation (SMC), after a competition body flagged a potential industry monopoly due to a pending merger. Eagle made the clarification in a statement to the Philippine Stock Exchange following competition concerns raised by ...

The coronavirus is disrupting global shipping. Now goods are getting stranded
CNN Philippines - 2020-02-06
(CNN) -- The arteries of global trade are clogging up. Shipping companies that carry goods from China to the rest of the world say they are reducing the number of seaborne vessels, as measures to stop the spread of the coronavirus crimp demand for their services and threaten to disrupt global supply chains. About 80% of world goods trade by ...

Airlines working to transport stranded passengers in PH over coronavirus travel ban
CNN Philippines - 2020-02-06
Metro Manila (CNN Philippines, February 5) -- Airlines are now working to fly out passengers stuck in the country after numerous flights were cancelled between the Philippines, mainland China, and its special administrative regions (SARs) Hong Kong and Macau. Flag carrier Philippine Airlines said it is eyeing to mount special flights on ...

Phinma targets more schools as it maps global expansion
BusinessWorld - 2020-02-06
del Rosario, Jr. said. The Phinma group said it is bullish in its education business due to the size of the market it serves, which is mostly those from households that earn P15,000 or less every month. "The underserved market is such a huge market that there are many places to go. So we still want to continue to expand in the Philippines and ...

Tender offer of Pepsi-Cola shares discontinued
BusinessWorld - 2020-02-06
"The MSRD finds that the business relationship of P&A Grant Thorton with the two entities, where PCPPI holds substantial shareholdings, could reasonably be perceived to undermine its independence to conduct and issue the fairness opinion," it added. Rule No. 19.2.6.1 of the Securities Regulation Code says "only independent firms...may ...

Amihan, LPAs trough to drench most parts of Philippines
CNN Philippines - 2020-02-05
Metro Manila (CNN Philippines, February 6) - It will be rainy over most parts of the Philippines due to the trough of a low pressure area and the northeast monsoon, the state weather bureau said Thursday. People over Visayas, Caraga, Northern Mindanao, and Davao Region will have cloudy skies with scattered rainshowers and thunderstorms ...

January inflation at 8-month high
Philippine Daily Inquirer - 2020-02-05
Higher food prices partly as a result of the eruption of Taal Volcano and the new sin tax rates jacked up inflation to an eight-month high of 2.9 percent year-on-year in January, the government ...

Philippines Reports First Coronavirus Fatality, Second Confirmed Infection
New York Times - 2020-02-05
The Philippines on Sunday announced its first fatality from the new coronavirus outbreak, a Chinese man from Wuhan, the first known person to have died outside of China.

An Amazon delivery company is laying off more than 400 workers after Amazon cut its contract
Business Insider - 2020-02-05
Los Angeles-based Greenwich Logistics is laying off 408 delivery workers in California and Pennsylvania after Amazon cut its contract.

Bug hunter finds cryptocurrency-mining botnet on DOD network
ZDNet - 2020-02-05
A security researcher hunting for bug bounties discovered last month that a cryptocurrency-mining botnet had found a home and burrowed inside a web server operated by the US Department of Defense (DOD). The issue was discovered and reported via the DOD's ...

A TikTok account for Kendall Jenner was deleted less than 24 hours after it launched
Business Insider - 2020-02-05
An account for Kendall Jenner, 24, racked up nearly half a million followers in just two hours of posting its first video to TikTok on Monday.

Uber gets permit to restart testing its self-driving cars in California
Reuters - 2020-02-05
(Reuters) - Uber Technologies Inc has been allowed to restart testing its self-driving vehicles with a backup driver in California, almost two years after its autonomous car killed a pedestrian in Arizona. The California Department of Motor Vehicles issued ...

Senate to fast track revival of oversight panel on intel funds probe
Philippine Daily Inquirer - 2020-02-05
MANILA, Philippines -- Senate Majority Leader Juan Miguel Zubiri said the upper chamber will fast track the approval of a resolution seeking the revival of a special oversight committee that would investigate how government agencies use their intelligence funds. Speaking to reporters on Wednesday, Zubiri said the revival of the oversight ...

Astronomers find rare massive galaxy in the distant universe
UPI.com - 2020-02-05
Feb. 5 (UPI) --Astronomers have found a rare giant galaxy in the distant, or early, universe. Scientists found the galaxy, situated 12 billion light-years away, using the W. M. Keck Observatory, a pair of powerful telescopes on the summit of Maunakea, a dormant volcano on the island of Hawaii. When scientists use powerful telescopes to observe ...

MWC 2020 might be in trouble as companies bail due to coronavirus outbreak
Mashable - 2020-02-05
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 ...

WhatsApp bug let hackers access computers with only a text message
Mashable - 2020-02-05
The past few months have not been good to WhatsApp users. Unfortunately, that doesn't look like it's about to change any time soon. The Facebook-owned messaging app acknowledged and patched a major vulnerability that gave hackers the ability to access files on a victim's computer. All you had to do to fall prey to this attack was click a ...

How meat, poultry, and fish affect cardiovascular, death risk
Medical News Today - 2020-02-05
Experts know that processed red meats are likely to raise the risk of cardiovascular disease and death. But are unprocessed meats, fish, and poultry less harmful? New research investigates. Share on Pinterest New research evaluates the impact of different kinds of meat, poultry, and fish on cardiovascular and all-mortality risk. Several studies ...

E-cigarette devices, juices pose varied health risks to skin
UPI.com - 2020-02-05
Burns on the face, arms and hands that require skin grafts. Acne boils and ugly rashes. Black hairy tongue and other oral lesions. These are some of the ways that vaping can do serious damage to someone's skin, a new evidence review shows. For example, an ...

Frustration grows in China as face masks compromise facial recognition
Quartz - 2020-02-05
Even small changes in China have global effects. Face masks are mandatory in at least two provinces in China, including the city of Wuhan. In an effort to contain the coronavirus strain that has ...

What we know and don't know about the new coronavirus
Reuters - 2020-02-05
HOW DANGEROUS IS THE VIRUS? The coronavirus family of viruses includes the common cold and more serious diseases such as Severe Acute Respiratory Syndrome (SARS) and Middle East Respiratory Syndrome (MERS). Many of those with the new virus who have died had pre-existing medical conditions or were elderly, those with weakened immune systems.

German drone delivery trial paves the way to replacing trucks for inter-office deliveries
TechCrunch - 2020-02-05
Drone startup Wingcopter, working with partners Merck and the Frankfurt University of Applied Science, has completed a first flight of a new drone delivery trial designed to show the benefits of using drones instead of trucks or other road faring vehicles for moving small cargo between two physically separate office facilities. This first ...

Massive Genome Study Unlocks Secrets Of How Cancers Form
International Business Times - 2020-02-05
A massive, decade-long study sequencing the genomes of dozens of cancers has revealed the secrets of how tumours form and may pave the way for better and more targeted treatment. The Pan-Cancer Project brought together over 1,300 researchers globally to ...

Casper lowers its IPO price range, a gloomy portent for 2020 debuts
TechCrunch - 2020-02-05
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Casper, the well-known D2C mattress company, has lowered its IPO price range in a new S-1/A filing made public this morning. The repricing leads to a lower expected valuation for the former startup and a lower IPO raise.

Ambassador to Poland presents credentials to Latvian leader
BusinessMirror - 2020-02-05
During the private audience following the ceremony, both sides agreed to further strengthen the legal framework for political, economic and cultural cooperation and promote more people-to-people contacts through parliamentary visits, business-to-business meetings, tourism, academic and cultural exchanges. Prior to the ceremony, the Filipino ...

There's one word likely to dominate Uber's earnings report. Here's why anxious investors are so keen to hear it.
Business Insider - 2020-02-05
Both Uber and Lyft are optimistic about the ride-hailing indsutry's "rationalization," but will it come soon enough?

BREAKING: 63 Filipinos among 133 persons checked for 2019-nCoV -- DOH
Philippine Daily Inquirer - 2020-02-05
MANILA, Philippines -- Sixty-three Filipinos are among the 133 persons under investigation (PUIs) on suspicion of having contracted the 2019 novel coronavirus acute respiratory disease (2019-nCoV ARD), the Department of Health (DOH) said Wednesday. In a press conference at the DOH main office, Health Undersecretary Eric Domingo said that of ...

Coronavirus Update: Baby Diagnosed With Virus, Death Toll Continues To Grow
International Business Times - 2020-02-05
Infant was tested after it reportedly showed signs of breathing problems An x-ray of the baby's chest confirmed the newborn was suffering from the coronavirus and problems with liver function Two other infants had been tested for the coronavirus before this case, but came up negative A Chinese newborn was diagnosed with the coronavirus on ...

PMA homecoming postponed over coronavirus concerns
CNN Philippines - 2020-02-05
Metro Manila (CNN Philippines, February 5) -- The alumni association of the Philippine Military Academy (PMA) said it would be postponing this year's homecoming due to concerns over the novel coronavirus (2019-nCov). In a statement released Wednesday, the PMAAAI said the event would be moved to February 22 in Fort Del Pilar, Baguio City.

P10 million shabu stuffed in Chinese tea seized
philstar.com - 2020-02-05
MANILA, Philippines -- Four drug suspects were arrested for alleged possession of P10 million worth of shabu stuffed in a pack of Chinese tea in Malabon yesterday. Remel de Jesus, Jufirst Soguilon, Jhay Camposano and Rizza Mae Pabon were nabbed during a sting in Barangay Tugatog, city police chief Col. Jessie Tamayao said. De Jesus and ...

More activities cancelled due to nCoV
philstar.com - 2020-02-05
MANILA, Philippines -- More activities in the provinces have been cancelled due to the threat posed by the 2019 novel coronavirus (nCoV). Cesar Bucsit, spokesman for the Department of Education (DepEd)-Ilocos office, said the Region 1 Athletic Association meet to be held in Lingayen, Pangasinan from Feb. 19 to 26 would be postponed. Bucsit ...

Two teens held in Cagayan drug sting
philstar.com - 2020-02-05
TUGUEGARAO CITY, Cagayan, Philippines -- Authorities arrested two teenagers for peddling marijuana in Barangay Bauan East, Solana, Cagayan on Tuesday. Police said two boys, aged 15 and 14, were collared after handing two sachets of dried marijuana leaves to a police officer who posed as a buyer. A cellular phone and P500 in marked money were ...

Cop dead, 4 soldiers hurt in Batangas road mishaps
philstar.com - 2020-02-05
MANILA, Philippines -- A police officer died when his motorcycle rammed an acacia tree in Barangay Pinagkurusan, Alitagtag, Batangas, before dawn yesterday. S/Sgt. Rex Catapang was taken to the Martin Marasigan District Hospital in Cuenca, where he was pronounced dead on arrival. In Tanauan City, four soldiers were injured when their truck ...

Bulacan cops serving as bodyguards recalled
philstar.com - 2020-02-05
MALOLOS, Philippines -- At least 67 police officers in Bulacan serving as security escorts to local chief executives and private individuals have been recalled. Brig. Gen. Rhodel Sermonia, Central Luzon police director, issued a memorandum ordering the recall of unauthorized security detail in line with the implementation of a "one strike ...

Obese cops start losing weight
philstar.com - 2020-02-05
MANILA, Philippines -- Officials of the National Capital Region Police Office (NCRPO) busted some moves on Tuesday as they stepped up weight reduction efforts for over 750 obese policemen to improve their mobility. NCRPO director Maj. Gen. Debold Sinas led hundreds of police officers in a Zumba session in the first day of the project dubbed ...

Elderly couple dies in Quezon City fire
philstar.com - 2020-02-05
MANILA, Philippines -- An elderly couple died when a fire broke out at their house in Quezon City yesterday morning. The remains of Cresencio Catig, 66, and his wife Salvacion, 63, were retrieved in the restroom of their house along Neptune street in Barangay Kaligayahan. Arson probers said the couple died from suffocation. According to city ...

PLDT unit inks deal for AsPac carrier service
philstar.com - 2020-02-05
MANILA, Philippines -- PLDT Enterprise, the business to business arm of telco giant PLDT, has forged an agreement with international company MarvelTec to strengthen carrier connectivity service offerings for organizations across the Asia Pacific region. PLDT Enterprise Asia Pacific regional head Jeff Mendoza said teaming up with Hong Kong ...

Factory output extends decline in December
philstar.com - 2020-02-05
MANILA, Philippines -- Factory output continued to decline in December 2019 mostly because of steep declines in the production of petroleum, basic metals, as well as furniture and fixtures, the Philippine Statistics Authority (PSA) reported yesterday.

Oracle adds cloud data centers in five countries, sets new target
BusinessWorld - 2020-02-05
After a rocky start in the cloud business, Oracle, a longtime business software provider, is rolling out its second generation of cloud systems, in which it operates data centers and customers rent capacity from it. Amazon Web Services and Microsoft are the two top players with more than two-thirds of the global market in 2019, according to ...

The Women of Impact Awardees
philstar.com - 2020-02-05
For 15 years now, Go Negosyo has been an active supporter of women entrepreneurs. We have strongly advocated for their empowerment, providing them mentorship, training, as well as a platform where they can showcase their skills and creative entrepreneurial ideas. As we celebrate the significant impact of women entrepreneurship across the region ...

Demand for term deposits declines amid concerns
BusinessWorld - 2020-02-05
"Despite the lower amount of subscription, lower TDF yields reflect market expectation for a BSP rate cut in the near term," Mr. Mapa added. Meanwhile, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said the lower yields may partly be due to market fears amid the coronavirus outbreak. "On external factors, concerns ...

Millions in China banish virus blues with online games, short video apps
BusinessWorld - 2020-02-05
The shift has even drawn companies more used to doing business in showrooms, such as carmakers Tesla and Mercedes-Benz, to promote products heavily online during the week. Chinese travel and gather with family and friends during the traditional Lunar New Year holiday, but many postponed or canceled their plans over concerns sparked in mid ...

PSEi leads Asia gains as inflation on target
philstar.com - 2020-02-05
MANILA, Philippines -- The Philippine stock market outperformed its peers in Asia as investors digested the January inflation report. The benchmark Philippine Stock Exchange (PSEi) rose by 125.95 points, or 1.74 percent, to finish at 7,352.85. Likewise, the broader All Shares index rose 60.36 points, or 1.40 percent, to end at 4,354.25.

CITIRA seen hurdling Senate committee by next week
BusinessWorld - 2020-02-05
THE measure that will eventually lower the corporate income tax to 20% from the current 30% and streamline fiscal incentives is expected to hurdle the Senate Ways and Means Committee next week. On Wednesday, the panel also began tackling the proposal to simplify the tax structure for financial instruments, in an attempt to meet the Department ...

M3 growth accelerates in December after 2019 easing
BusinessWorld - 2020-02-05
The RRR was reduced by 400 bps last year, bringing the reserve requirement for big banks to 14%. The MB also reduced RRR for non-bank financial institutions with quasi-banking functions to 14%. According to BSP data, net claims on the central government grew by 24.4% year-on-year in December, quicker than the 13.9% print in November.

Cathay Pacific asks workers to take 3 weeks off without pay as the coronavirus decimates travel
CNN Philippines - 2020-02-05
(CNN) --Cathay Pacific is asking its 27,000 employees to take three weeks of unpaid leave in the coming months, the latest in a series of emergency measures forced on the embattled Hong Kong carrier by the coronavirus outbreak in China. The airline said in a statement Wednesday that it was appealing to all workers to take three weeks unpaid ...

CIDG starts tracking close contacts of Chinese couple with nCoV
Philippine Daily Inquirer - 2020-02-05
MANILA, Philippines -- The Philippine National Police - Criminal Investigation and Detection Group (PNP-CIDG) on Wednesday started tracking the co-passengers of the Chinese couple from Wuhan who traveled to Cebu on Jan. 21 and tested positive for the novel coronavirus acute respiratory disease (2019-nCoV ARD). "The PNP Chief, in turn, has ...

Asian Shares Drop, Commodities Sink on Virus Fears After Lunar New Year Break
New York Times - 2020-02-05
Asian shares stumbled on Monday, oil skidded and commodities on Chinese exchanges plunged on their first trading day after a long break on fears the coronavirus epidemic will hit demand in the world's

Phivolcs says crater glow observed at Mayon Volcano, alert level 2 remains
CNN Philippines - 2020-02-05
Metro Manila (CNN Philippines, February 5) -- State volcanologists said the crater glow observed at Mayon Volcano in the last two days has most likely been caused by gases affecting the atmosphere, adding alert level 2 remains in place due to recent activity. In its latest update, Phivolcs said while the volcano has calmed down since a ...

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