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Converge's IPO set to raise $600 mln in Philippines' second largest listing
Nasdaq - 2020-10-09
Philippine fibre broadband provider Converge ICT Solutions Inc priced near the bottom of an indicated range its initial public offering (IPO) that aims to raise up to $600 million, in the country's second largest ever listing.

Duterte thinks suspension of House sessions 'should not have happened' with 2021 budget in peril - Nograles
CNN Philippines - 2020-10-09
Metro Manila (CNN Philippines, October 9) -- The House of Representatives should reconvene to pass the 2021 budget next week, with Cabinet Secretary Karlo Nograles saying the President is ...

Philippines' Converge prices $600 mln IPO at bottom of guidance
Nasdaq - 2020-10-09
Philippines' Converge ICT Solutions Inc on Friday priced its initial public offering (IPO) at 16.80 pesos ($0.35) per share, near the bottom of an indicated range, in the country's largest maiden share sale in seven years.

Unlocking the potential of the Philippines in Cancer Care and Preparedness
Philippine Daily Inquirer - 2020-10-09
In 2018, more than 141,000 Filipinos were diagnosed with cancer-- lung cancer and breast cancer being the top indications. Over 60% (approximately 86,337 lives) of those diagnosed with the ...

4,000 Paranaque educators get free telehealth services from KonsultaMD, Zeal
Philippine Daily Inquirer - 2020-10-09
KonsultaMD and ZRewards by Zeal partnered with the Department of Education-Paranaque (DepED Paranaque) in honoring the heroes who are at the forefront of public school education by providing

Duterte: End House crisis or else
Philippine Daily Inquirer - 2020-10-08
President Duterte on Thursday night threatened to step in to save the P4.5-trillion proposed budget for 2021 from delay if the members of the House of Representatives failed to resolve the crisis

Researchers see downward trend in PH virus cases
Philippine Daily Inquirer - 2020-10-08
A group of independent researchers on Thursday said coronavirus cases in the Philippines were on a "downward trend," seven months after the country was placed on lockdown to halt the spread of the

FDA Commissioner Discusses Requirements for COVID-19 Vaccine Approval
Medscape - 2020-10-08
WebMD Chief Medical Officer John Whyte talks with FDA Commissioner Dr Stephen M. Hahn about what it will take for a COVID-19 vaccine to be approved by the FDA.

U.S. appeals judge's ruling that blocked U.S. ban on TikTok downloads
Reuters - 2020-10-08
The U.S. government said in a court filing on Thursday it was appealing a judge's ruling that prevented it from prohibiting new downloads of the Chinese-owned short video-sharing app TikTok.

Trump Touts Antibody Treatments For COVID-19, But Evidence Is Incomplete
NPR - 2020-10-08
Medical researchers have high hopes that the kind of treatment the president received could end up being an important element in the fight against the pandemic. But clinical trials continue.

Virus may push 150M people into extreme poverty
Philippine Daily Inquirer - 2020-10-08
WASHINGTON--The coronavirus pandemic could push as many as 150 million people into extreme poverty by the end of 2021, wiping out more than three years of progress in poverty reduction, the World ...

Labor Board Accuses Google Contractor of Violating Union Rights
New York Times - 2020-10-08
The complaint says the contractor, HCL, refused to negotiate with the union and retaliated by shipping work to Poland.

Basilan LGU employee slain - 2020-10-08
An administrative assistant of the provincial administrator in Basilan was shot dead on Wednesday. Musamman Amigos Hasadin, 40, was on his motorcycle when he was shot along Rizal Avenue in Barangay Doña Ramona in Isabe according to Capt.

PAL urged to rethink layoff plan
Philippine Daily Inquirer - 2020-10-08
Labor Secretary Silvestre Bello III on Thursday dispelled fears of renewed massive displacement of workers over the plan of the Philippine Airlines (PAL) to terminate more than 2,000 of its ...

Globe promises more cell sites across the country
Philippine Daily Inquirer - 2020-10-08
Amid easing permitting bottlenecks, Globe Telecom plans to install at least 800 cell sites in the final quarter of 2020 to meet rising demand. Globe said in a statement the rollout would cover most

LIST: World Mental Health Day events, activities in the Philippines
Rappler - 2020-10-08
Given that the Philippines is poised to endure a longer period of community quarantine, isolation, and uncertainty, experts are bracing for what they consider a nationwide mental health epidemic.

Philippines teachers start call centre to help remote learners
Reuters - 2020-10-08
Worried that remote schooling could become a struggle, a local authority in the Philippines has set up a makeshift call centre staffed by dozens of teachers to make sure students don't fall behind in class.

Antiterror law rules ready by Oct. 14
Philippine Daily Inquirer - 2020-10-08
The implementing rules and regulations of the Anti-Terrorism Act will be ready by Oct. 14 and would be submitted to the Cabinet-level Anti-Terrorism Council on Oct. 14, Justice Secretary Menardo ...

WHO reports record one-day rise in global coronavirus cases amid European outbreak
Reuters - 2020-10-08
The World Health Organization reported a record one-day increase in global coronavirus cases on Thursday, with the total rising by 338,779 in 24 hours led by a surge of infections in Europe.

P47 million shabu seized in Batangas - 2020-10-08
CAMP VICENTE LIM, Laguna, Philippines -- Seven kilos of shabu with an estimated street value of P47 million were recovered with the arrest of four suspected drug dealers in Sto. Tomas City, Batangas on Wednesday. Brig. Gen. Vicente Danao Jr., Calabarzon ...

Tanium, the fast-growing $9 billion cybersecurity startup backed by Salesforce Ventures, has quietly raised at least $150.5 million in new funding
Business Insider - 2020-10-08
Tanium said it received a "significant investment" from Salesforce Ventures, but didn't say how much. A new filing may offer a clue.

Yelp unveils a tool to help users avoid businesses accused of racism
Mashable - 2020-10-08
Yelp announced that businesses accused of racist behavior will have a new consumer alert placed distinctly on their pages. The alert, called the "Business Accused of Racist Behavior" alert, will appear on a business' page if it has received public attention because of "reports of egregious,

Woman wanted for human trafficking held in Navotas - 2020-10-08
A woman wanted for human trafficking was arrested in Navotas City on Wednesday, the police Anti-Kidnapping Group said yesterday.

Central bank bans 2 bank workers involved in Wirecard fraud from working for other financial firms
CNN Philippines - 2020-10-08
Metro Manila (CNN Philippines, October 8) -- The central bank has banned two bankers who issued fake documents that contributed to the $2.1-billion (about ?104 billion) Wirecard scandal.

Trump Still On Steroids: How These Drugs Are Typically Used To Treat COVID-19
NPR - 2020-10-08
President Trump says he's still taking the drug dexamethasone to treat COVID-19. It's a cheap, widely available steroid. But how long should COVID patients take it and what are the side effects?

Facebook removed hundreds of fake accounts linked to conservative youth group Turning Point USA that used the platform to spread pro-Trump messages
Business Insider - 2020-10-08
Facebook said it had discovered a coordinated campaign to use fake accounts to comment on topics like the coronavirus outbreak and the 2020 election.

House lawmakers accuse Google Cloud and Amazon Web Services for buying companies to "solidify and expand their dominance"
Business Insider - 2020-10-08
The report described "serial acquisitions" from the platforms, wherein they try to eliminate rivals or lock customers into their clouds.

Apple made ProtonMail add in-app purchases, even though it had been free for years
The Verge - 2020-10-08
But also, one app developer revealed to Congress that it -- just like WordPress -- had been forced to monetize a largely free app. That developer testified that Apple had demanded in-app purchases (IAP),

NEDA: PHL bleeds 19.5 billion a week in economic losses due to GCQ
BusinessMirror - 2020-10-08
The country continues to lose P19.5 billion for every week Metro Manila remains under general community quarantine (GCQ).  Chief implementer of the government's national policy on Covid-19 Carlito Galvez said this was based from the estimate of the National Economic Development Authority (NEDA) on the cost of the community quarantine

DOLE eyes 13th month deferment, exemption for struggling SMEs
BusinessMirror - 2020-10-08
DISTRESSED small and medium enterprises (SMEs) which were affected by Covid-19 may be exempted from paying the 13th-month pay of their workers. The Department of Labor and Employment (DOLE) is now studying the possibility of exempting these establishments,

Insurer gears up to ride on growth prospects post-COVID-19 - 2020-10-08
The COVID-19 pandemic may have plunged the economy into recession, but an insurance company sees this as temporary and is now gearing up to "ride the huge waves of growth" once the pandemic ends.

SMC boosts LNG initiatives - 2020-10-08
SMC Global Power Holdings Corp., the power unit of San Miguel Corp., will issue up to $300 million worth of perpetual capital securities, proceeds of which will be used for its liquefied natural gas initiatives.

Female Grab driver arrested, assaulted by cop - 2020-10-08
A female Grab driver decried the alleged harassment by an off-duty police official in Taguig City on Tuesday night.

FedEx invests $30 million for new Clark gateway - 2020-10-08
Logistics giant FedEx Express is investing at least $30 million in a new gateway facility in Clark which will be operational by April next year.

ADB funding 4 DOTr projects - 2020-10-08
The Asian Development Bank is set to approve funding for four priority projects of the Department of Transportation.

PayMaya providing support to MSMEs - 2020-10-08
MANILA, Philippines -- Digital wallet PayMaya is helping micro, small and medium-sized enterprises (MSMEs) accelerate their transition to e-commerce with the help of digital and cashless technology. Through its "Sulong Negosyo" program, PayMaya said ...

Bad loans hit 7-year high - 2020-10-08
Banks continue to grapple with higher bad loans amid the economic fallout caused by the COVID-19 pandemic, the Bangko Sentral ng Pilipinas said.

Waymo will allow more people to ride in its fully driverless vehicles in Phoenix
The Verge - 2020-10-08
Waymo, the self-driving unit of Alphabet, announced it will be opening up its fully driverless vehicles to all customers of its ride-hailing service in Phoenix, Arizona. Previously, the company only allowed a select few people.

Reds attack quarry site, burn heavy equipment in Misamis Oriental
Philippine Daily Inquirer - 2020-10-08
CAGAYAN DE ORO CITY--Communist guerrillas on Thursday (Oct. 8) burned a backhoe and dump truck being used for sand and gravel quarrying in Balingasag town, Misamis Oriental

DSWD-7 backs call to hike budget to combat hunger - 2020-10-08
Senator Risa Hontiveros has pushed for P1.36 billion increase in the Department of Social Welfare and Development budget to feed nearly two million children, amid record-high hunger incidence in the country.

PCCI to government: Businesses need help, not tax perks cut
BusinessMirror - 2020-10-08
Luis Antonio G. Cardinal Tagle visited the Philippine Red Cross Molecular Lab in Mandaluyong City to have his swab test, together with PRC Chairman and CEO Richard Gordon. He ended his visit by ...

Malolos-Clark railway project gets underway - 2020-10-08
Construction of the PNR Clark phase 2 project, or the Malolos-Clark portion of the North-South Commuter Railway system is set to begin before the year ends after the Department of Transportation completed the award of civil works contracts worth $2.

Manila bans karaoke, videoke sessions - 2020-10-08
The Manila city government has banned videoke and karaoke sessions to prevent loud noises that will distract students attending online classes.

PNP death toll due to COVID-19 hits 19 - 2020-10-08
Another police officer has died of the coronavirus disease 2019, bringing the death toll due to COVID-19 in the Philippine National Police to 19.

91 percent - 2020-10-08
Mahar Mangahas of pollster Social Weather Stations had earlier told "The Chiefs" on OneNews / TV5 that SWS could not conduct such a survey, which was costly and arduous even before the COVID lockdowns, in the absence of sponsors with deep pockets.

Ending lockdowns no guarantee of quick economic rebound -- IMF
Philippine Daily Inquirer - 2020-10-08
Business shutdowns amid the coronavirus pandemic imposed an economic cost, but removing restrictions is no guarantee of a quick recovery unless the virus is defeated, the

Families of human rights victims dissatisfied with UN resolution
CNN Philippines - 2020-10-08
Metro Manila (CNN Philippines, October 8) -- Families of human rights victims demand more after the United Nations Human Rights Council adopted a resolution offering "technical cooperation and ...

Champions of Resilience in Philippine tourism industry: Virtus Awards pushes through amid pandemic - 2020-10-08
MANILA, Philippines -- The Hotel Sales and Marketing Association proves that its resilience is pandemic-proof as it decided to push through with its annual tradition of Virtus Awards that recognizes the most exceptional hotel marketing professionals in ...

Del Monte PHL bond float secures approval of SEC
BusinessMirror - 2020-10-08
The Securities and Exchange Commission (SEC) has approved the P7.5 billion fixed rate bond float of Campos-led fruit canner Del Monte Philippines Inc. The company is offering P5 billion worth of bonds,

House to submit printed 2021 budget bill to Senate on Nov. 5 sans final reading OK
Philippine Daily Inquirer - 2020-10-08
The House of Representatives will submit to the Senate the printed copy of the 2021 national budget bill on November 5, even though it has yet to approve the measure on final

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