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Sy family gets PCC nod to divest from leasing unit
philstar.com - 2020-08-11
The Sy family received the approval of the Philippine Competition Commission to divest the controlling stake of BDO Unibank Inc. in its leasing and finance unit.

Peso strengthens, pierces 48 to $1 barrier
philstar.com - 2020-08-11
The peso pierced the 48 to $1 barrier yesterday, hitting its strongest level in almost four years due to weak demand for the greenback.

PDEA, AMLC join forces vs laundered drug money
philstar.com - 2020-08-11
PDEA director general Wilkins Villanueva and AMLC executive director Mel Georgie Racela inked an agreement to implement criminal and civil forfeitures of laundered money believed to be proceeds from the activities of illegal drug syndicates.

1,000 OFWs, LSIs crowd NAIA-2
philstar.com - 2020-08-11
Around 1,000 persons ended up crowding the departure area of the Ninoy Aquino International Airport Terminal 2 yesterday.

Ecozone investments drop 27% from Jan to July
philstar.com - 2020-08-11
Investment pledges for projects approved by the Philippine Economic Zone Authority declined 27 percent in the January to July period from a year ago as the coronavirus pandemic stalled economic activities in the country.

Cigarette sales lift income of LT Group in January-June
BusinessMirror - 2020-08-11
The company said its tobacco business already accounted for 82 percent of its entire income or P8.18 billion, while Philippine National Bank contributed 8 percent or P795 million. Liquor arm ...

PGH shares best practices that led to low infection rate among health workers
CNN Philippines - 2020-08-11
Metro Manila (CNN Philippines, August 11) -- The coronavirus pandemic is a battle that can be won through policies based on science and strategies which align with the perceived needs of ...

Jeepney driver gunned down
philstar.com - 2020-08-11
A man who had just visited an inmate at a police station in Quezon City was shot dead by a lone assailant yesterday afternoon.

Perseids meteor shower peaks tonight
philstar.com - 2020-08-11
Up to 50 shooting stars will be visible when the Perseids meteor shower peaks tonight until tomorrow. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said the meteor shower radiates from the constellation Perseus,

DA sets new SRP on agriculture products
philstar.com - 2020-08-11
A new suggested retail price on basic commodities will be imposed in a bid to protect consumers from abnormal price increases while quarantine measures are being implemented.

Quirino records 1st COVID-19 case
philstar.com - 2020-08-11
In Bacolod City, Corazon Locsin Montelibano Memorial Regional Hospital chief Julius Drilon yesterday announced that they would no longer accept COVID-19 patients until further notice, saying the hospital has reached full bed capacity.

GMA buying back PDRs
philstar.com - 2020-08-11
GMA Network Inc. is buying back its Philippine Depositary Receipts from foreign holders in a move to protect these investments.

Tourism revenues decline 72% in 7 months
philstar.com - 2020-08-11
Revenues from inbound tourism continued to drop in July, falling by 72 percent during the first seven months of the year, an official of the Department of Tourism said.

LRT to lay off 100 workers
philstar.com - 2020-08-11
Light Rail Manila Corp., the private operator and maintenance provider of the Light Rail Transit Line 1 (LRT-1), said yesterday it will lay off at least 100 employees or close to 20 percent of its workforce.

Philippines needs to spend more - Fitch
philstar.com - 2020-08-11
The Philippines needs to spend more to soften the blow of the COVID-19 pandemic as the health crisis drags on, stalling economic recovery, according to Fitch Ratings.

Marikina cases take 14 days to double
philstar.com - 2020-08-11
It now takes at least 14 days for cases of coronavirus disease 2019 to double in number in Marikina City, Mayor Marcelino Teodoro said yesterday.

Grant Thornton urges comprehensive response to cybercrime threats
Philippine Daily Inquirer - 2020-08-11
The threat of cybercrime is growing rapidly as companies conduct more of their businesses online, whether by communicating with employees or bringing goods to the market, according to an international

Medical expert raises serious doubts on safety of Russia-made COVID-19 vaccine
CNN Philippines - 2020-08-11
Former United States Food and Drug Administration Associate Commissioner Peter Pitts warns President Rodrigo Duterte against the use of Russia-made COVID-19 vaccine as the Russians are not transparent

Senators flag 'upcasing' colds to pneumonia to get PhilHealth claims
CNN Philippines - 2020-08-11
Two senators on Tuesday raised concerns over reports saying doctors would upgrade diagnoses of simple colds to more serious pneumonia so that patients could get benefits from the Philippine Health Insurance Corporation.

Why the iPhone 12 will be the most important Apple product in six years
CNN Philippines - 2020-08-11
G could make the iPhone 12 a must-have product. "We previously were [expecting] 4 models with a mix of 4G/5G for the iPhone 12 unveil, however now based on supply chain checks we are expecting ONLY 5G models for the Fall launch,

Who owned the chemicals that blew up Beirut? No one will say
Philippine Daily Inquirer - 2020-08-11
In the murky story of how a cache of highly explosive ammonium nitrate ended up on the Beirut waterfront, one thing is clear -- no one has ever publicly come forward to claim

China to require travelers from PH to have negative COVID-19 results
CNN Philippines - 2020-08-11
Travelers from the Philippines will be required to present negative COVID-19 test results before boarding a plane for China starting August 20.

US health chief slams China over virus on Taiwan trip
Rappler - 2020-08-11
The two powers are clashing over a wide range of trade, military, and security issues, as well as the pandemic

Healthworkers surprise Abra's youngest COVID-19 patient with birthday treat
philstar.com - 2020-08-11
BAGUIO CITY, Philippines -- Abra's youngest COVID-19 patient blew out her birthday candle Tuesday at the Abra Isolation Unit (AIU). The province's youngest COVID-19 patient, "AC37", 4, was surprised by the AIU staff with a birthday cake and balloon.

HSBC sees Philippine economy contracting 9.6%
philstar.com - 2020-08-11
British banking giant HSBC expects the Philippine economy to contract deeper by 9.6 percent this year due to the rising number of COVID-19 cases in the country.

Russia names coronavirus vaccine "Sputnik-V," says 20 countries have requested more than a billion doses
CNN Philippines - 2020-08-11
(CNN) -- Twenty countries around the world have requested more than a billion doses of Russia's newly-approved coronavirus vaccine, according to the head of the Russia Direct Investment Fund (RDIF).

Transport coalition hits slashed public transport budget under Bayanihan 2
philstar.com - 2020-08-11
"Slashing this budget by more than half means this budget is gutted; essential public transport services will continue to be seriously insufficient and paralyzed in some cities; the pandemic will worsen;

Ex-official: Over ?9 million worth of PhilHealth benefit claims deposited to a rural bank 'without any valid reason'
CNN Philippines - 2020-08-11
Two officers from the Philippine Health Insurance Corporation in Cagayan Valley transferred over ?9 million in PhilHealth benefit claims to a bank in another region in May 2019 "without any valid reason,

Duterte vows 'no mercy' for local execs who delay telco permits
philstar.com - 2020-08-11
President Rodrigo Duterte has vowed "no mercy" for officials who delay the processing of permits for cell sites as local governments scramble to comply with his demand to act on pending applications.

Peso breaks through near 4-year peak on economic weakness
philstar.com - 2020-08-11
The peso soared to its strongest level against the US dollar in nearly four years on Tuesday, a development not entirely good news as it signals demand for the greenback remain subdued in absence of a convincing economic revival.

US to label Hong Kong imports 'made in China'
philstar.com - 2020-08-11
The measure marked a new round of response from the US over the passage of the national security law that clamped down on Hong Kong's freedoms.

Philippines records 2,987 more coronavirus infections, 19 deaths
Reuters - 2020-08-11
The Philippines on Tuesday reported 2,987 new coronavirus infections, taking its tally of confirmed cases to 139,538, the highest in Southeast Asia.

Despite being legal, GMA to remove foreign investors from network
philstar.com - 2020-08-11
The broadcaster will buy back Philippine Deposit Receipts (PDRs) sold to foreign investors after the sale of such securities was used against main rival, ABS-CBN Corp.

'Naunahan pa DOH': Senators question PhilHealth's issuance of funds in January to hospitals intended for pandemic
CNN Philippines - 2020-08-11
PhilHealth officials are being questioned over a January board resolution advancing hefty COVID-19 funds to hospitals, months before the national government even recognized the severity of the crisis.

Duterte indebted to Russia for vaccine offer, but must be approved by FDA first
CNN Philippines - 2020-08-11
Presidential Spokesperson Harry Roque credits the Duterte government's friendly stance towards all nations which led Russia to offer its COVID-19 vaccine, but says these will still need to be approved by local regulators before distribution.

Health advocate optimistic COVID-19 vaccine will be available by end-2020, but thorough review needed
CNN Philippines - 2020-08-11
A public health advocate on Tuesday expressed optimism that a much-awaited vaccine for COVID-19 may be available by December. Speaking to CNN Philippines, former COVID-19 task force special adviser Dr.

Pandemic job losses reach PEZA firms enjoying tax perks
philstar.com - 2020-08-11
Job losses have reached the walls of economic zones where tax perks are offered to investors to relocate, putting into question a Duterte administration strategy to rely on existing incentives and lower tax rates for economic recovery.

Former COMELEC chief Sixto Brillantes Jr. dies
CNN Philippines - 2020-08-11
Former Commission on Elections head Sixto Brillantes Jr. has died, COMELEC spokesperson James Jimenez announced on Wednesday.

Philippines' Duterte has 'huge trust' in Russia vaccine, volunteers for trial
Reuters - 2020-08-11
Philippine President Rodrigo Duterte has lauded Russia's efforts to develop a coronavirus vaccine and is willing to participate in trials, as he welcomed a supply offer from Moscow that he expects will be free of charge.

Singapore will not return to pre-COVID 19 world, must chart a new path now, says minister
Philippine Daily Inquirer - 2020-08-11
Covid 19 world, and must chart a new path by building a new economy now, said Trade and Industry Minister Chan Chun Sing. At a press conference

Singapore economy plunges 13.2% in Q2 in worst quarter on record; 2020 outlook cut
Philippine Daily Inquirer - 2020-08-11
Singapore suffered a deeper recession in the second quarter than earlier estimated, prompting the Ministry of Trade and Industry (MTI) to trim its growth outlook for the year. The

Morales admits systemic fraud prevalent in health systems worldwide, including PhilHealth
Manila Bulletin - 2020-08-11
Cancer-stricken retired Brig. Gen. Ricardo Morales, president and chief executive officer (CEO) of the Philippine Health Insurance Corporation (PhilHealth), conceded on Tuesday that fraud at PhilHealth and other similar health systems worldwide is systemic.

'Sufficient, immediate' support for health workers urged
philstar.com - 2020-08-11
Union presidents of private hospitals in Metro Manila said the recommendations forwarded by medical societies to the government are "valid."

Philippines to give up spending hesitation if recovery stalls -- Fitch
philstar.com - 2020-08-11
If the pandemic gets prolonged and recovery disrupted, the Duterte administration will have no choice but to spend more.

A farm stands strong after the Taal volcano eruption and now, amid a health crisis
Manila Bulletin - 2020-08-11
As an agritourism farm site, it marked a huge impact on the farm; the estimated amount of damage from the eruption was about a million pesos.

McDonald's is suing its ousted CEO for lying about sexual relationships with employees
CNN Philippines - 2020-08-11
The new investigation found that former McDonald's CEO Steve Easterbrook engaged in physical sexual relationships with three employees in the year before he was terminated, according to the complaint.

Twitter's rumored interest in buying TikTok sparks stock rally
CNN Philippines - 2020-08-11
Twitter shares rose as much as 5% Monday after it reportedly held preliminary talks with TikTok, the troubled Chinese-owned social media app that the Trump administration wants to ban.

Running a beauty business in a pandemic requires experience and expertise
BusinessMirror - 2020-08-11
Last August 1, 2020, I had the opportunity to launch the latest initiative as Dean of the University of the Philippines Virata School of Business (VSB). In a Zoom forum attended by the recent ...

BBC apologizes for use of N-word in news report
CNN Philippines - 2020-08-11
(CNN)-- The BBC has apologized for airing an uncensored racial slur in a news segment, after initially defending the use of the word in a report broadcast last month. Social Affairs Correspondent ...

Facebook internal investigation finds millions of members in QAnon groups
Mashable - 2020-08-10
Facebook officially has a QAnon problem. An internal investigation carried out by the social networking giant found that Facebook groups related to the far-right conspiracy theory QAnon are racking up millions of members on the platform.

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