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First coronavirus death reported outside China in Philippines; toll at 362
UPI.com - 2020-02-03
Feb. 2 (UPI) --The Philippines has reported the first coronavirus death outside China, where the toll climbed to 361 fatalities and 17,205 cases through Sunday. China's National Health Commission reported 2,829 new cases and 57 additional deaths for a total of 361 on Monday morning. Eight days ago, there were 46 deaths in mainland China with ...

Businessman Enrique Razon buys into embattled Manila Water
CNN Philippines - 2020-02-03
Metro Manila (CNN Philippines, February 3) -- Ports giant Enrique Razon, Jr. bought a 25 percent stake in embattled Manila Water, the utility firm announced Monday. The Ayala-led company said Razon, through his firm Prime Metroline Holdings Inc., has agreed to infuse ?10.7 billion in Manila Water, which currently supplies customers in the ...

Amid peril of nCoV, SM malls in China open for business
Philippine Daily Inquirer - 2020-02-03
Property giant SM Prime Holdings will keep open its shopping malls in seven sites in mainland China, but it is adopting a safety protocol to deal with the outbreak of the new coronavirus. Asked about its operations in China, where most of the 2019 novel coronavirus (2019-nCoV) cases were reported, SM Supermalls management replied to the ...

Malaysian bank PHL subsidiary touts 1st digital banking model
BusinessMirror - 2020-02-02
This photo courtesy of CIMB Bank Philippines shows its "People Hub" in Bonifacio Global City commercial and business district, Taguig City THE Philippine subsidiary of CIMB Group Holdings Berhad credits its digital banking model to have enticed about 600,000 of its clients. In a statement issued on January 31, CIMB Bank Philippines Inc ...

Coronavirus latest: Philippines reports first fatality outside China
NIKKEI - 2020-02-02
The Nikkei Asian Review is tracking the spread of the new coronavirus that originated ... Sri Lanka, Malaysia, Australia, Canada, the Philippines, the United Arab Emirates, Cambodia, Sweden and Russia. For more on the spread of the virus and measures being taken to prevent further infections, see our list of the five things you must know ...

Why Yum! Brands Is My Favorite Restaurant Stock
Nasdaq - 2020-02-02
For Yum! Brands (NYSE: YUM), there's more than meets the eye when it comes to its financials. Though the company in October reported a nine-month decline in total revenue of 5%, adjusted operating profit was up 7.6% year-over-year after adjusting for ...

?4.08-M shabu seized in Quezon City
CNN Philippines - 2020-02-02
Metro Manila (CNN Philippines, February 2) -- Authorities seized ?4.08-million worth of shabu in a buy-bust operation in Quezon City Sunday. A report from the QC Police said Jamael Hzainal, Nabel Makabato, and Ricondaya Magarang were arrested in an operation in Barangay Teresita around 10:30 a.m. after an undercover operative bought ...

Wuhan Coronavirus Looks Increasingly Like a Pandemic, Experts Say
New York Times - 2020-02-02
Rapidly rising caseloads alarm researchers, who fear the virus may make its way across the globe. But scientists cannot yet predict how many deaths may result. A man on a nearly deserted street in Beijing. Experts fear a coronavirus pandemic, but its severity is uncertain.Credit...Nicolas Asfouri/Agence France-Presse -- Getty Images By Donald G.

Thai doctors have been using a cocktail of flu and HIV drugs to treat coronavirus cases
Business Insider - 2020-02-02
Initial results have shown vast improvement 48 hours after the treatment, which builds on Chinese health officials' use of the same drugs.

Electronic Arts Posts Solid Earnings, but Shares Fall On Modest Guidance
Nasdaq - 2020-02-02
Video game studio Electronic Arts (NASDAQ: EA) reported earnings last Thursday. The report, which covered the third quarter of EA's fiscal year 2020, exceeded expectations on both the top and bottom lines, but it came with a mixed guidance slate and EA's shares fell as much as 5.5% on Friday's trading session. Data source: Electronic Arts.

Twitter knows GIFs dominate the platform. A new accessibility feature will allow more people to enjoy them.
Mashable - 2020-02-02
It may not be an edit button (nor will it ever be), but Twitter snuck in a nifty little feature for us to play with heading into the weekend of the Super Bowl. If you've ever looked at Twitter ...

Hackers are hijacking smart building access systems to launch DDoS attacks
ZDNet - 2020-02-02
Hackers are actively searching the internet and hijacking smart door/building access control systems, which they are using to launch DDoS attacks, according to firewall company SonicWall. The attacks are targeting Linear eMerge E3, a product of Nortek Security & Control (NSC). Linear eMerge E3 devices [1, 2, 3] fall in the hardware category of ...

Microsoft revises its Surface Hub 2 conferencing system roadmap again
ZDNet - 2020-02-02
Microsoft is shifting yet again its Surface Hub 2 roadmap. The latest change, which Microsoft has started communicating to partners as of late January 2020, could result in Surface Hub 2X being postponed beyond 2020 or perhaps removed from the roadmap all together. Late last week, Petri.com reported that Microsoft had delayed significantly or ...

Natl income accounts changes to reflect BPO contributions
BusinessMirror - 2020-02-02
THE latest rebasing and revising of the gross domestic product (GDP) is expected to better reflect the performance of business-process outsourcing (BPO) operations, health and education, according to the Philippine Statistics Authority (PSA). The changes in the computation of the GDP, National Statistician Claire Dennis S. Mapa recently told ...

PSALM to stop charging fees for stranded power costs
Philippine Daily Inquirer - 2020-02-02
MANILA, Philippines -- Starting this month, electricity consumers will no longer pay 5.43 centavos per kilowatt-hour to pay for the cost of power incurred by power plants run by the Power Sector Assets and Liabilities Management Corp. (PSALM). PSALM said in a statement it has collected as of January a total of about P5.12 billion for such purpose.

China donates P7.2 million to Taal victims
Philippine Daily Inquirer - 2020-02-02
MANILA, Philippines -- China has committed to donate 1 million renminbi, or about P7.2 million in cash aid, for those affected by the eruption of Taal Volcano last month. Finance Secretary Carlos G. Dominguez III thanked Beijing for the assistance and noted, in a statement, that China also donated 3 million renminbi, or P22 million, to ...

Comelec eyes mobile app for voting
Philippine Daily Inquirer - 2020-02-02
MANILA, Philippines -- The Commission on Elections (Comelec) is studying the possibility of developing a mobile application that will allow people to cast their votes online. Comelec Commissioner Rowena Guanzon said on Twitter that four developers have offered to test their apps for use in the Philippines but that would require a new law.

PH reopens labor negotiations with Kuwait
Philippine Daily Inquirer - 2020-02-02
MANILA, Philippines -- Labor Secretary Silvestre Bello III has reopened negotiations with Kuwait to improve the employment contracts of around 150,000 Filipino domestic helpers, amid a total deployment ban and yet another murder of a Filipino maid by her employers. Bello arrived in Kuwait on Feb. 1 with Labor Undersecretary Claro Arellano ...

ADM sees no significant coronavirus impact
BusinessWorld - 2020-02-02
CHICAGO -- The coronavirus that is quickly spreading across China and beyond is not expected to have a significant business impact on global grain trader Archer Daniels Midland at this point, Chief Executive Officer Juan Luciano said on Thursday. The company, which operates in China, however, could be impacted if the coronavirus outbreak ...

Peanut Allergy Treatment: FDA Approves Palforzia Drug For Children
International Business Times - 2020-02-02
A new drug intended to help over 1 million children combat a life-threatening allergy was approved Friday by the U.S. Food and Drug Administration (FDA). Palforzia, the drug in question, will help children increase their tolerance for low doses of peanuts.

First coronavirus death reported outside China in Philippines; toll at 304
UPI.com - 2020-02-02
Feb. 2 (UPI) --The Philippines has reported the first coronavirus death outside China, where the toll climbed to 304 fatalities and 14,380 cases Sunday. Hubai Province, which is the epicenter of the outbreak, reported 1,921 new cases and 45 additional deaths through Saturday, China's National Health Commission said. One day earlier, the death ...

First coronavirus death reported outside China -- in Philippines
UPI.com - 2020-02-02
Feb. 2 (UPI) --The Philippines has reported the first coronavirus death outside China, where the toll climbed to 304 fatalities and 14,380 cases Sunday. Hubai Province, which is the epicenter of the outbreak, reported 1,921 new cases and 45 additional deaths through Saturday, China's National Health Commission said. One day earlier, the death ...

PNP to help in crackdown on medical supply hoarders
philstar.com - 2020-02-02
MANILA, Philippines -- Philippine National Police (PNP) chief Gen. Archie Francisco Gamboa yesterday ordered police units to assist in the crackdown on unscrupulous individuals taking advantage of the novel coronavirus (nCoV) scare by hoarding medical supplies. Gamboa directed the Criminal Investigation and Detection Group (CIDG) and ...

Suspend Senate secretary for journal tampering, ombudsman urged
philstar.com - 2020-02-02
MANILA, Philippines -- Unnamed Senate employees are asking the Office of the Ombudsman to issue a preventive suspension order against an official of the legislative body. Collectively identifying themselves as Concerned Employees of the Senate of the ...

MARINA execs face graft complaint
philstar.com - 2020-02-02
MANILA, Philippines -- Three ranking officials of the Maritime Industry Authority (MARINA) were sued before the Office of the Ombudsman for allegedly giving unwarranted benefits to a vessel classification group. Marine vessels are classified according to the soundness of their structure and design. In his 26-page complaint filed on Jan. 28 ...

Mortars, bullets dumped in Las Piñas
philstar.com - 2020-02-02
MANILA, Philippines -- A sack containing more than 100 mortars and bullets was found at a vacant lot in Las Piñas City on Saturday. Scavenger Roy Claridad, 30, discovered the sack at a lot along Cristobal street in Gatchalian Subdivision, Barangay Manuyo Dos at around 6 p.m. Police said the sack contained 12 81mm high explosive mortar ...

Inflation likely quickened in January
BusinessWorld - 2020-02-02
Aside from the Taal eruption, the African Swine Fever (ASF), which caused prices of pork substitutes to rise, continues to be an upside risk to inflation, according to Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort. "The ASF would remain to be a threat in terms of some pick up in the prices of fish, chicken, beef ...

PSA chief stands by choice of 2018 as base year for measuring GDP
BusinessWorld - 2020-02-02
This includes sectors with growing importance such as information and communication technologies (ICT), business process outsourcing, and e-commerce. Mr. Mapa said the PSA added around seven more categories in the sector, which include education, health, and ICT that were previously tagged under "other services." Economists interviewed by ...

Executives Report AI Investment Up, But Implementations Lag Expectations
Forbes - 2020-02-02
Side face of AI robot by network form. Is there a lag between enthusiasm for investment in Artificial Intelligence (AI) capabilities and delivery of AI results? Apparently so. A 2019 Harvard Business Review article, Building the AI-Powered Organization, notes "Artificial intelligence is reshaping business - though not at the blistering pace ...

Experts see bright prospects for local Robusta coffee
philstar.com - 2020-02-02
MANILA, Philippines -- Thanks to its geographical position, climate and soil condition, the Philippines has been a home to four of the most commercially cultivated varieties of coffee: Arabica, Robusta, Liberica and Excelsa. With the increased efforts to improve the industry and more coffee species emerging from unexpected origins, Filipinos ...

Pearls of wisdom from Teacher Nelia
philstar.com - 2020-02-02
Educator, businesswoman, philan­thropist, civic leader, artist, mother, wife and friend Prof. Nelia Cruz Sarcol is a jack of all trades, master of many. Known to many circles as Teacher Nelia, she is the founder, pres­ident and CEO of CIE British School, of which the main branch is located in Cebu City, with locations in Tacloban and Makati City.

Black swans sink Philippine stocks
philstar.com - 2020-02-02
Aside from the Wuhan coronavirus, the Philippine stock market is reeling from two other black swans. A black swan is a totally unexpected negative event which has immense consequences. This was described in a book by Naseem Taleb. In an older article, we explained that the US subprime mortgage crisis is an example of a black swan event (see ...

IMEG: Half of cops nabbed in 2019 with NCRPO
philstar.com - 2020-02-02
MANILA, Philippines -- More than half of suspected police scalawags arrested in law enforcement operations last year were assigned with the National Capital Region Police Office (NCRPO), according to the police Integrity Monitoring Group (IMEG). Data from IMEG showed that of the 52 police officers arrested in 2019, 27 or about 51.92 percent ...

Sluggish trades seen as virus scare lingers
philstar.com - 2020-02-02
MANILA, Philippines -- The stock market may sustain its downward trend this week as fears of the novel coronavirus continue to sent jitters across the globe. BDO Research said risk aversion is contagious and coronavirus has infected investor confidence. Japhet Louise Tantiangco, senior research analyst at Philstocks Financials, also said that ...

New Zealand seeking Mindanao green energy, agriculture partnerships
BusinessWorld - 2020-02-02
Honorary Consul of New Zealand in Mindanao Vicente T. Lao, also chair of the Mindanao Business Council, said biomass is another RE source that can be explored with New Zealand. Mindanao, he said, has a lot of potential biomass input from the banana farms and other agriculture areas. "The technology we have in biomass is not that advanced.

DoE appeal to suspend P18-billion tax deficiency denied
BusinessWorld - 2020-02-02
The court noted that under Presidential Decree No. 242 disputes and claims between government agencies and offices -- including government owned or controlled corporations shall be settled by the secretary of justice, the solicitor general, or the Government Corporate Counsel depending on the issues and government agencies involved.

P6.5 million shabu seized in Quezon City, Marikina stings
philstar.com - 2020-02-02
MANILA, Philippines -- Police confiscated over P6.5 million worth of methamphetamine hydrochloride or shabu in separate operations in Quezon City and Marikina since Friday. Jamel Hzainal, 20; Nabel Makabato, 27; and Ricondaya Magarang, 51, were caught in a sting near the Welcome Rotonda in Barangay Sta. Teresita, Quezon City at around 10:30 a ...

5 Indonesian captives spotted in Sulu
philstar.com - 2020-02-02
ZAMBOANGA CITY, Philippines -- Army troopers are tracking down five Indonesian fishermen being held captive by Abu Sayyaf bandits after the victims were reportedly spotted in the hinterlands of Maimbung, Sulu. The Joint Task Force Sulu (JTFS) intensified its intelligence gathering as it gave assurance that the troops are ready to execute plans ...

Vivant allots P1 billion for additional 500 MW
philstar.com - 2020-02-02
MANILA, Philippines -- Cebu-based Vivant Corp. is eyeing to spend around P1 billion this year as it targets to raise its attributable capacity to 500 megawatts (MW) in three years, its top official said. In an interview with reporters, Vivant director Emil Andre Garcia said it intends to secure more power contracts from power biddings.

Toyota leads PHL car market upswing in 2019
BusinessWorld - 2020-02-02
"We are right where we should be," said Hyundai Asia Resources, Inc. President and CEO Maria Fe Perez-Agudo. "The third Hyundai dealership under the Hizon Group is designed to respond to the needs of the booming business, tourism, and transport industries of Angeles." Hyundai Angeles Pampanga Deputy COO Yves Amiel Hizon ...

Treasury bill rates to end mixed ahead of inflation, policy meet
BusinessWorld - 2020-02-02
The average rate for the one-year papers likewise declined to 3.963% from 3.971% previously. Michael L. Ricafort, chief economist at the Rizal Commercial Banking Corp., said the T-bill yields will likely be "steady" or move slightly lower amid easing of global interest rates due to rising concerns on the new virus outbreak and a potential ...

P.2 million shabu seized in Quezon
philstar.com - 2020-02-02
MANILA, Philippines -- At least P270,000 worth of shabu were seized from a suspected drug trafficker in Lucena City, Quezon province on Saturday. William Forbes, 57, reportedly yielded 40 grams of shabu to a team of police officers who arrested him at around 6:30 p.m. Forbes, who is on the drug list of the city police, was collared after he ...

1 die, 2 hurt in Cagayan mishap
philstar.com - 2020-02-02
TUGUEGARAO, Philippines -- A tricycle driver died while two others were injured in a vehicular accident in Ballesteros, Cagayan on Saturday. Nelson Echanique, 50, was declared dead on arrival at the Ballesteros District Hospital, where Regie Baga, 31, and his companion Ramon Garcia, 39, were taken for treatment. Police said Echanique was ...

SMC fast-tracks works on Skyway Stage 3
philstar.com - 2020-02-02
MANILA, Philippines -- San Miguel Corp. (SMC) has vowed to deliver the Skyway Stage 3 project as soon as possible after a fire resulted in the collapse of a portion of the tollroad. SMC said initial assessment of its technical team showed that approximately 300 meters of the Skyway Stage 3 project was affected. However, it said the full extent ...

Ayala announces Manila Water deal today
philstar.com - 2020-02-02
MANILA, Philippines -- The Ayala Group is expected to announce today a deal concerning its beleaguered water company Manila Water Co. Inc. which insiders said was finalized over the weekend. Manila Water will issue a disclosure early Monday morning, people familiar with the matter said. Stock market investors are speculating that a new ...

Unifrutti plans banana farm in Basilan
BusinessWorld - 2020-02-02
He added that the BARMM, set up last year replacing the Autonomous Region in Muslim Mindanao, has "technocrats that are not political, but they are people who know how to run businesses and do corporate governance." -- Carmelito Q. Francisco

China to inject $174 billion of liquidity on Feb. 3 as markets reopen
BusinessWorld - 2020-02-02
To support firms affected by the epidemic, the CSRC said companies that had expiring stock pledge agreements could apply for extensions with securities firms, and it would urge corporate bond investors to extend the maturity dates of debt. The CSRC is also considering launching hedging tools for the A-share market to help alleviate market panic ...

House agri-tourism bill calls for DA, DTI assistance to farmers
BusinessWorld - 2020-02-02
Tax credits will also be provided to farmers engaged in agri-tourism operators to "make up for costs of going into the agri-tourism business and to provide incentives to interested entities." The tax credit will cover 20% of the agri-tourism liability insurance, not exceeding P50,000 in any tax year. Agri-tourism involves any agriculture ...

Skyway Stage 3 project opening likely delayed due to effects of industrial fire
CNN Philippines - 2020-02-02
Metro Manila (CNN Philippines, February 2) -- The opening of the Skyway Stage 3 project will most likely be delayed after an industrial fire Saturday caused a portion of the structure to collapse. The fire began around 10:38 a.m. at a plastics warehouse in Pandacan, Manila. It was so intense, all fire units in Metro Manila were called in to ...

PHOTOS: China Builds A Medical Center From Scratch In Under 2 Weeks
NPR - 2020-02-02
China says it's building two hospitals in under two weeks. The time frame doesn't seem to be an exaggeration. Ground was broken on the first facility on Jan. 24 and it's expected to be open for business on Feb. 3, with 1,000 beds for coronavirus patients. But the term "hospital" may not be exactly on point. "I wouldn't call it a hospital.

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