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Dito CME taking indirect interest in third telco - 2020-11-10
Publicly listed Dito CME Holdings Inc. is poised to get an indirect stake in telecommunications company Dito Telecommunity Corp. through the acquisition of the 100 percent issued and outstanding common shares of Udenna Communications Media and Entertainment Holdings Corp.

400,000 residents evacuated in Albay - 2020-11-10
With the threat of lahar, landslides, floods and storm surges due to Typhoon Ulysses, Albay local government officials have ordered the preemptive evacuation of 129,000 families or 400,000 people.

Bad loans ratio highest in 7 years - 2020-11-10
Soured loans of Philippine banks continued to pick up for the ninth straight month, hitting the highest level in more than seven years due to the impact of the COVID-19 pandemic.

Stocks soar on news of COVID-19 vaccine breakthrough - 2020-11-10
Stock investors largely ignored the wider-than-expected economic decline in the third quarter and instead turned upbeat on news of a major breakthrough in the development of a COVID-19 vaccine.

Another Bilibid inmate dies after riot - 2020-11-10
The number of fatalities from the riot at the New Bilibid Prison in Muntinlupa rose to four, the Department of Justice said yesterday.

Danao named NCRPO chief - 2020-11-10
Calabarzon police director Brig. Gen. Vicente Danao Jr. is the next chief of the 27,000-strong National Capital Region Police Office, Interior and Local Government Secretary Eduardo Año announced yesterday.

GERI income hits P897 million in 9 months - 2020-11-10
MANILA, Philippines -- Andrew Tan-led Global-Estate Resorts Inc. (GERI) reported a net income of P897.6-million in the first nine monnths of the year, down 34 percent from P1.4 billion a year ago. This is due to the challenging business environment as a ...

More traditional jeepneys back on Metro Manila roads - 2020-11-10
MANILA, Philippines -- At least 816 traditional jeepneys were allowed to resume operations yesterday in 16 routes in Metro Manila, according to the Land Transportation Franchising and Regulatory Board (LTFRB). The routes approved by the LTFRB under ...

10 Bohol islanders test positive for COVID-19
Philippine Daily Inquirer - 2020-11-10
Ten residents of Maomawan Island in Bien Unido town in Bohol tested positive for the coronavirus disease (COVID-19). Dr. Cesar Tomas Lopez, spokesperson of the Bohol

Investments maintain growth in August with stimulus, further easing of quarantine rules
CNN Philippines - 2020-11-10
FDI continued to grow by almost 47% in August as investors warm up to the government's stimulus measures and further relaxation of quarantine restrictions across the country.

COVID-19 not as scary with vaccine development nearly completed - Duterte
Philippine Daily Inquirer - 2020-11-10
MANILA, Philippines -- COVID-19 is no longer very frightening with the development of a vaccine nearing development in the United States, President Rodrigo Duterte

GLOBAL MARKETS-Vaccine euphoria keeps stocks cruising higher
Reuters - 2020-11-10
Stock markets and commodities continued to push higher on Tuesday, after the euphoria of a coronavirus vaccine had sent global equity indexes soaring to an all-time high and shaken bond yields higher.

Solon flags low number of resolved online transaction cases
CNN Philippines - 2020-11-10
Out of over 14,800 complaints filed with the Department of Trade and Industry from January to October this year, only a little over 1,500 have been resolved, says Rep. Wes Gatchalian, chairman of the House Committee on Trade and Industry.

Solon flags low number of resolved online transaction cases
CNN Philippines - 2020-11-10
Out of over 14,800 complaints filed with the Department of Trade and Industry from January to October this year, only a little over 1,500 have been resolved, says Rep. Wes Gatchalian, chairman of the House Committee on Trade and Industry.

Global rally slows, but optimism over vaccine remains high
StarTribune - 2020-11-10
Asian stock markets rose for second day Tuesday on hopes for progress toward a possible coronavirus vaccine that might allow the world to revive manufacturing, shopping and normal life.

Senate eyes more funds for health, calamity response as 2021 budget debates begin
Rappler - 2020-11-10
The Senate version of the 2021 national budget bill includes a total P18-billion allocation for COVID-19 vaccines

Palestinian negotiator Erekat dies after contracting COVID-19
Philippine Daily Inquirer - 2020-11-10
Saeb Erekat, one of the most experienced and high-profile advocates for the Palestinian cause over decades of dispute with Israel, died on Tuesday after contracting

AirAsia settles 70% of refund requests
BusinessMirror - 2020-11-10
Low-cost carrier AirAsia said it has resolved 158,324 cases of refund requests, which were either converted to credit accounts or refunded in complete payments. The company said this translates to 70 percent of the total 205,

Dito approves terms of deal with Udenna
BusinessMirror - 2020-11-10
LISTED holdings company Dito CME Holdings Corp. has approved the terms for the acquisition of the issued and outstanding common shares of Udenna Communications Media and Entertainment (CME) Holdings Corp.

MRT reschedules suspension of operations to Nov. 14-15; Nov. 28-30
CNN Philippines - 2020-11-10
The Metro Rail Transit Line 3 announces it will suspend its operations on select weekends this month -- on Nov. 14 to 15 and Nov. 28 to 30 -- to allow for rehabilitation and maintenance activities.

Philippine official who ignored lockdown rules is named chief of police.
New York Times - 2020-11-10
President Rodrigo Duterte of the Philippines has named as his national police chief an officer who drew public ire this year for violating pandemic restrictions. The appointment of Maj. Gen. Debold Sinas,

Philippines reports 1,347 new coronavirus cases, 14 more deaths
Reuters - 2020-11-10
The Philippines recorded 1,347 new coronavirus infections on Tuesday, the smallest daily increase since Nov. 4, taking its total confirmed cases to 399,749, the second highest number in Southeast Asia.

Filipinos contributing to growth of Ohmyhome
BusinessMirror - 2020-11-10
Filipinos have played a key role in the growth of Singaporean proptech Ohmyhome. In fact, two Filipinos are members of the 10-man elite group of professionals who helped it grow to its lofty position.

Pfizer CEO: Our vaccine timing had nothing to do with politics
CNN Philippines - 2020-11-10
Pfizer's encouraging news about the effectiveness of its COVID-19 vaccine came nearly a week after Election Day. But Pfizer CEO Albert Bourla says the timing had nothing to do with politics.

Amazon charged with market abuse in Germany and France. A huge fine could follow
CNN Philippines - 2020-11-10
The European Union has unveiled formal antitrust charges against Amazon for abusing its dominance in online shopping.

Media group awards another PHL bank, for forex trading
BusinessMirror - 2020-11-10
A division of global media group Euromoney Institutional Investor PLC awarded another bank, this time for foreign exchange (FX) trading. In a statement, Security Bank Corp. said it was named as the leading FX trading provider in the Philippines,

PHL hog industry needs government support
BusinessMirror - 2020-11-10
Traditionally, third quarter agricultural production is lower due to the strong storms that visit the Philippines during this period. The July-to-September period is also the lean season for rice, which accounts for about 15 percent of farm output at any given time.

Senate approves FIST bill on final reading
CNN Philippines - 2020-11-10
With 18-0 votes, the Senate has approved on third and final reading a bill which allows banks to offload non-performing assets to FIST corporations after the President certified it as urgent last month.

Logistics firm puts local products and small enterprises on spotlight
BusinessMirror - 2020-11-10
To empower homegrown enterprises in these trying times, J&T Express has launched a new campaign aimed at putting local online sellers affected by the ongoing coronavirus disease 2019 (Covid-19) pandemic on the spotlight.

State of calamity in 3 regions mulled - 2020-11-10
President Duterte may place Bicol, Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon) and Mimaropa (Mindoro, Marinduque, Romblon and Palawan) under a state of calamity due to the impact of Super Typhoon Rolly,

Challenging gray areas with the basics - 2020-11-10
Admittedly, taxation is one of the complicated topics we encounter not only in the corporate world, but also in our daily lives.

How Pfizer vaccine could be cold comfort for some Asian nations
Philippine Daily Inquirer - 2020-11-10
With tropical heat, remote island communities and a dearth of ultra-cold freezers, many Asian countries aren't betting on Pfizer's experimental vaccine solving

Ulysses intensifies, Signal No. 3 may be raised before landfall over Bicol Region
Philippine Daily Inquirer - 2020-11-10
Tropical Storm Ulysses further intensified as the state weather bureau raised the possibility of a Tropical Cyclone Wind Signal No. 3 being raised before making landfall in

Woman pretends to be FBI agent to get free food, arrested
Philippine Daily Inquirer - 2020-11-10
A woman got arrested after pretending to be a federal agent to convince restaurant staff that she should be given free food.

More areas under Signal No. 2 as 'Ulysses' intensifies into severe tropical storm - 2020-11-10
Ulysses may make landfall over Quezon province on Thursday, with a close approach by Wednesday in Catanduanes-Camarines Norte area which are still reeling from the onslaught of Super Typhoon Rolly.

Dennis Uy revamps business empire for better fund access - 2020-11-10
Davao-based tycoon Dennis Uy is reorganizing his empire to ensure that his capital intensive telco startup, Dito Telecommunity Corp., has easy access to funds.

LIVE updates: Tropical Storm Ulysses - 2020-11-10
MANILA, Philippines -- Tropical Storm Ulysses (international name Vamco) is forecast to intensify into a severe tropical storm Tuesday night as it continues to move northwestward. State weather bureau PAGASA said Ulysses,

Government spending pullback brings with it the entire economy - 2020-11-10
Government final expenditure, a measure of state spending, grew 5.8% year-on-year in the third quarter, sharply slowing down from 21.8% annual growth in previous 3 months and the weakest since the fir

Brazil halts trials of Chinese COVID-19 vaccine
Philippine Daily Inquirer - 2020-11-10
Brazil's health regulator said it had suspended clinical trials of a Chinese-developed COVID-19 vaccine after an "adverse incident" involving a volunteer recipient, a blow for one

Sustaining the environment through reducing CO2 emissions
BusinessWorld - 2020-11-10
In 2009, it joined the Philippine Climate Imperative with business leaders, the government, and NGOs. Fast forward to 2016, the firm have made a bold stance of not venturing to coal; and in 2018, it joined the pledge of maintaining global temperature below ...

PhilHealth chief wants more free sessions, additional cash for dialysis patients
CNN Philippines - 2020-11-10
Metro Manila (CNN Philippines, November 10) -- PhilHealth President and CEO Dante Gierran is seeking approval from the state insurer's board to increase the number of free dialysis sessions for ...

PH coronavirus cases edge closer to 400,000
CNN Philippines - 2020-11-10
Metro Manila (CNN Philippines, November 10) -- Nearly 400,000 people in the Philippines have been diagnosed with COVID-19 over the nine months since the country confirmed its first case of the highly contagious disease. The Department of Health said on ...

Globe bags seven nominations in PANAta Awards 2020
Philippine Daily Inquirer - 2020-11-10
Globe Telecom bagged a total of seven nominations in the PANAta Awards 2020 for five meaningful campaigns that not only displayed creativity but also compassion and commitment to the consumers and

Ulysses may whip up storm surge in Manila, other coastal areas - NDRRMC
Philippine Daily Inquirer - 2020-11-10
The National Disaster Risk Reduction and Management Council (NDRRMC) on Tuesday warned that a storm surge may occur in the coastal areas in Manila and other Luzon areas due

PH stock market surges past 7,000 level over COVID-19 vaccine optimism
CNN Philippines - 2020-11-10
Positive news on the reported success of Pfizer's COVID-19 vaccine drove a rally at the Philippine Stock Exchange on Tuesday, sending the main index surging to its best level since late February.

How governments, companies can address evolving needs of increasing tech-savvy Filipinos - 2020-11-10
This pandemic has forced more and more Filipinos to become digital, not just with remote work and education, but even with the way they avail of products and services. As the number of tech-savvy Filipinos increases,

Vans owner VF Corp. is buying streetwear brand Supreme for $2.1 billion
CNN Philippines - 2020-11-10
(CNN) -- VF Corp. is adding skateboard and streetwear brand Supreme to its line of recreational apparel brands as people seek comfort and leisure wear during the pandemic. The parent company of ...

Vaccine news give stocks a shot in the arm to reach 9-month high - 2020-11-10
Stock investors disregarded a lower than expected economic performance in third quarter, soaring past the 7,000-mark to a near 9-month high as optimism grew that a coronavirus vaccine is within reach.

Pangasinan broadcaster who survived assassination try in 2016 shot dead - 2020-11-10
A broadcaster from Pangasinan who survived an assassination attempt on him in 2016 was shot dead Tuesday, the National Union of Journalists of the Philippines reported.

'Ulysses' seen to hit typhoon-battered Southern Luzon, Metro Manila - 2020-11-10
Ulysses is forecast to strengthen into a severe tropical storm Tuesday evening. It may reach typhoon category by Wednesday morning and attain its peak intensity of 130 to 155 kph Wednesday afternoon or evening.

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