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Can Wisdom, Technology, And Collective Knowledge Build A Better Future?
Forbes - 2020-10-05
This CEO brings together the world's greatest thinkers and leaders to help solve society's biggest issues. Learn more about Rajesh Kasturirangan's vision of a collaborative future designed for the greater good.

A former Amazon employee was arrested and charged with fraud, accused of issuing $96,500 in false refunds to himself and others
Business Insider - 2020-10-05
Prosecutors say the employee used fake buyer accounts to buy expensive electronics before issuing over 300 refunds, funneling the money to himself.

Cisco Must Pay $1.9 Billion in Patent Trial Over Network Feature
Bloomberg - 2020-10-05
Cisco Systems Inc. was told to pay $1.9 billion after losing a trial brought by a Virginia company that claimed the networking giant copied patented cybersecurity features to shut the smaller company out of government contracts.

McDonald's will jump 12% as it benefits from consumers who are 'tired of their own cooking,' BofA says
Business Insider - 2020-10-05
A team of BofA analysts raised their price objective to $250 per share from $225, and raised their 2021 earnings estimates on "better sales expectations."

Senate OKs coconut levy fund bill on final reading
CNN Philippines - 2020-10-05
With 22 affirmative votes, the Senate approves on third and final reading the bill which seeks to establish a coconut farmers and industry trust fund or coconut levy fund.

Lessons From From Fintech Revolutions Of The Past And Winning Post-COVID
Forbes - 2020-10-05
Michael Tae and Matt Harris look back on two recent crises for lessons on how disruption can lead to rapid change, opportunity and a new status quo, with an eye towards what might be post-Covid.

In the name of their fathers
BusinessMirror - 2020-10-05
BEING the sons of business icons and popular personalities is not always easy. And life does not come with an instruction book on how to successfully follow the footsteps of your father. However, Vincent del Rosario and Federico Moreno have certainly picked up priceless gems from their respective dads.

Duterte defends Duque anew: I cannot find a reason to prosecute an innocent man
CNN Philippines - 2020-10-05
Metro Manila (CNN Philippines, October 6) -- President Rodrigo Duterte stood up for the Health secretary again, saying he believes Secretary Francisco Duque III is innocent of all accusations.

COVID-19 free Tagle returns to Cathedral - 2020-10-05
For the first time since recovering from COVID-19, Cardinal Luis Antonio Tagle celebrated mass at the Manila Cathedral yesterday. Churchgoers were surprised when Tagle celebrated the 8 a.m. mass, which was concelebrated by Manila Cathedral rector Fr.

Investors seek 5-year tax relief under CREATE bill
BusinessMirror - 2020-10-05
LOCAL and foreign investors have sought a five-year exemption from paying new taxes under the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) bill to give them time to recoup losses from the Covid-19 pandemic.

BIR, BOC exceed target in 9 months - 2020-10-05
The Bureau of Internal Revenue and the Bureau of Customs exceeded their revised collection targets from January to September, the Department of Finance reported yesterday.

Peso to remain resilient, says Diokno - 2020-10-05
The peso is expected to remain resilient as it continues to emerge as the strongest performing currencies in the region amid the pandemic, according to the Bangko Sentral ng Pilipinas.

NIA completes Ifugao irrigation project - 2020-10-05
The National Irrigation Administration has completed the P70-million irrigation project in Ifugao in efforts to cover more agricultural areas.

EDITORIAL - More reason to be wary - 2020-10-05
Aside from the pandemic we now have, we will soon be facing another threat from Mother Nature; more rains brought on by the La Niña phenomenon.

Sandigan affirms graft conviction of ex-mayor - 2020-10-05
The Sandiganbayan has upheld its earlier ruling convicting the former city officials of Tayabas in Quezon province of graft.

Policy rates to remain low until late 2021 - 2020-10-05
The Bangko Sentral ng Pilipinas may maintain the benchmark interest rate at a record low of 2.25 percent until late next year to allow the economy to recover from the impact of the COVID-19 pandemic,

GBP units recognized for WESM compliance - 2020-10-05
Two subsidiaries of Global Business Power Corp. were recognized for its compliance to the Wholesale Electricity Spot Market rules and manuals.

SBMA releases P22.73-million hazard pay for ECQ work
BusinessMirror - 2020-10-05
Workers who physically reported for assignments during the enhanced community quarantine (ECQ) here recently received a total of P22.73 million in hazard pay from the Subic Bay Metropolitan Authority (SBMA).

Converge IPO price seen at P19/share - 2020-10-05
Converge ICT sees a price of P19 per share for its initial public offering, lower than the maximum price in its registration statement of P24 per share.

Taking the robot out of the human - 2020-10-05
The current COVID-19 pandemic has created new challenges and amplified existing issues for most organizations. Leaders now have to navigate a wide range of interrelated issues from safeguarding their employees and customers,

Belmonte: Refrain from gaming, downloads - 2020-10-05
The Quezon City government asked residents to refrain from online gaming and downloading sizable content during class hours to give students more bandwidth and a faster internet connection for online classes.

Index tumbles amid lackluster trading - 2020-10-05
The benchmark Philippine Stock Exchange index lost steam yesterday and closed below the 6,000 mark once more, marking a sour opening for the week.

Quake shakes Luzon - 2020-10-05
The quake occurred at 2:16 a.m., with its epicenter located 31 kilometers southeast of Looc, Occidental Mindoro, the Philippine Institute of Volcanology and Seismology (Phivolcs) said. It was felt at Intensity 4 in Looc,

2 slain in Laguna attack - 2020-10-05
The secretary of the city council of Biñan and a doctor were killed in an ambush in this province on Sunday night.

BSP sees deeper economic contraction - 2020-10-05
The Bangko Sentral ng Pilipinas is now expecting a deeper gross domestic product contraction of seven to nine percent this year as the economy stalled due to containment measures to slow the spread of COVID-19.

SMC buys corn from farmers - 2020-10-05
Diversified conglomerate San Miguel Corp. has ramped up its purchase of local corn, buying over 400 million kilograms to date in a bid to help local farmers and ensure stable food supply.

PNP posts 75 new COVID-19 cases - 2020-10-05
The Philippine National Police reported 75 new coronavirus disease 2019 or COVID-19 infections among its personnel, bringing the total to 6,158 as of Sunday.

Senate approves Bulacan airport franchise bill on 2nd reading
CNN Philippines - 2020-10-05
The Senate approves on second reading the bill granting franchise to San Miguel Corporation to establish and operate the New Manila International Airport at Bulakan, Bulacan.

Increasing public transport capacity up to 70% just a matter of time - Palace
Philippine Daily Inquirer - 2020-10-05
Increasing public transportation capacity up to 70% is just a "matter of time" as the Inter-agency Task Force on the Management of Emerging Infectious Diseases (IATF)

Taal-hit Aeta community learners resume classes through hand-delivered modules - 2020-10-05
At least more than half of learners from the Taal-hit Aeta community enrolled for the Alternative Learning System classes this school year and are now learning offline through hand-delivered modules.

Coca-Cola Beverages Philippines partners with Toyota Motor Philippines for employee fleet solution
BusinessMirror - 2020-10-05
but also stay true to their commitment to assisting Filipino entrepreneurs and serving the Philippine market. "We serve almost 1M sari-sari stores and over 5,000 business partners--therefore ...

Critical Leadership Skills In Times of Crisis
Philippine Daily Inquirer - 2020-10-05
The ongoing pandemic crisis has exposed the vulnerability of companies and individuals. Most have realized that they were not prepared and ready for such a black swan event. Some businesses have

?18-B in Bayanihan grants released to LGUs in fight vs COVID-19
CNN Philippines - 2020-10-05
Metro Manila (CNN Philippines, October 5) -- President Rodrigo Duterte, in his first report since the implementation of the Bayanihan to Recover as One Act, said over ?18 billion in grants have ...

Pandemic woes force PAL to cut jobs by 35% in Q4 - 2020-10-05
Philippine Airlines (PAL) announced Monday a major retrenchment program that would see its more than 7,000 staff reduced by over a third.

Apollo Global unit secures credit line
BusinessMirror - 2020-10-05
A unit of Apollo Global Capital Inc. on Monday said it has secured a credit line from state-owned Development Bank of the Philippines (DBP), which will be used as a working capital for the export production of iron ore.

AF Payments to issue free stored value cards
BusinessMirror - 2020-10-05
AF Payments Inc. will give 125,000 free beep cards--amounting to P10 million in discounted retail costs--to commuters and is now developing a cashless payments platform as an alternative to its tap-and-go payments system beep.

Philippine Airlines to cut up to 2,700 jobs due to pandemic impact
Nasdaq - 2020-10-05
Philippine Airlines Inc [PHL.UL] (PAL) said on Monday it is cutting up to a third of its workforce, or around 2,700 jobs, as the aviation sector continues to suffer from pandemic-driven travel curbs.

DOLE eyes 3-mos more of temporary displacement
BusinessMirror - 2020-10-05
THE Department of Labor and Employment (DOLE) is looking to extend beyond six months the period of temporary displacement for employees in order to avert a possible mass permanent retrenchment. Labor Secretary Silvestre H.

Pope Francis: Market capitalism failed in pandemic, needs reform
BusinessMirror - 2020-10-05
Pope Francis says the coronavirus pandemic has proven that the "magic theories" of market capitalism have failed and that the world needs a new type of politics that promotes dialogue and solidarity and rejects war at all costs.

Senate panel defers approval of OSG budget over Calida allowances, other funds
Philippine Daily Inquirer - 2020-10-05
A Senate panel on Monday postponed its approval of the Office of the Solicitor General (OSG) budget after questions were raised on the allowances given to Solicitor General

More malnourished, stunted kids seen due to pandemic - 2020-10-05
The government is worried that malnutrition and the stunting of Filipino children will worsen because of COVID-19, which has displaced thousands of workers and disrupted the operations of several businesses.

PCC tightens watch on cartels after Congress clipped review powers - 2020-10-05
We can also intensify our efforts in advocacy for pro-competitive policies and regulations," Chairperson Arsenio Balisacan said in a text message on Monday.

DepEd claims victory over COVID-19 as classes start
CNN Philippines - 2020-10-05
Education Secretary Leonor Briones claims government's win over the COVID-19 pandemic as over 22 million students from public schools return to school -- sans face-to-face classes -- despite the outcry of teachers and parents facing multiple challenges.

Ireland on brink after health chiefs call for lockdown
Manila Bulletin - 2020-10-05
Ireland was on the cusp of a nationwide lockdown on Monday after government experts recommended ramping up coronavirus restrictions to curb a surge of new cases.

Saso seeks to check skid, hits P30M mark in earnings - 2020-10-05
Yuka Saso is encountering a performance dip since scoring back-to-back victories in the NEC Karuizawa and Nitori Ladies last August, her joint eighth place finish in the Descente Tokai Classic her best in the last four tournaments.

NG subsidies to firms it owns or runs nearly double in 8 mos
BusinessMirror - 2020-10-05
SUBSIDIES given by the national government to companies it owns and runs almost doubled from January to August this year as consumers and the private sector reel from state measures against the Covid-19 pandemic.

Philippines confirms 2,291 new coronavirus cases, 64 more deaths
Reuters - 2020-10-05
The Philippine health ministry on Monday reported 2,291 new coronavirus infections and 64 more deaths. In a bulletin, the ministry said total confirmed cases in the Philippines have increased to 324,

Philippines sees fewer deaths as lockdowns stop other illnesses, accidents - 2020-10-05
From January to August this year, state statisticians registered 371,880 deaths, down 9% from same period last year.

Duterte opposes charges for beep card, says Palace
Philippine Daily Inquirer - 2020-10-05
President Rodrigo Duterte is against the imposition of new charges for public transportation using beep cards, Malacañang said Monday. Presidential spokesperson

PH makes headway in hiring more contact tracers
CNN Philippines - 2020-10-05
Metro Manila (CNN Philippines, October 5) -- The Interior Department has hired 20 percent of the target 50,000 addition contract tracers less than a month after the project's budget was granted ...

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