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Philippines Suffers First Recession in 29 Years, Braces for Grim Year on Virus Woes
New York Times - 2020-08-06
The Philippine economy fell into recession for the first time in 29 years with a record slump in the second quarter, as strict lockdown measures ravaged economic activity and prompted the government to sharply cut its GDP forecast for 2020.

PhilHealth official allegedly involved in procuring overpriced IT systems resigns
CNN Philippines - 2020-08-06
A senior official at the embattled Philippine Health Insurance Corporation who was allegedly tied to the procurement of overpriced equipment for the agency tendered his irrevocable resignation on Thursday.

DOF can't verify PhilHealth's fund life with IT system 'in shambles'
CNN Philippines - 2020-08-06
Finance Secretary Carlos Dominguez III says even the government's economic team could not figure out the actual fund life of PhilHealth, saying its information system is 'in shambles.'

Pompeo: 'Untrusted' Chinese apps should be removed from US app stores
CNN Philippines - 2020-08-06
US Secretary of State Mike Pompeo is urging American companies to remove "untrusted" Chinese-owned technology from their digital networks, as the Trump administration steps up efforts to restrict the reach of Chinese tech in the United States.

Philippines Reports 3,561 New Coronavirus Cases, 28 More Deaths
New York Times - 2020-08-06
The Philippines' health ministry on Thursday reported 3,561 new coronavirus deaths and 28 additional infections.

Cordillera journalists put up credit cooperative - 2020-08-06
Of the 14 weekly and the single daily publishing in Baguio City before ECQ was declared, only six remain. Some of the newspapers have also imposed a pay cut on their staff.

Lockdown cost Baguio, Benguet power utility P126M loss, adding to Cordillera recovery woes
Philippine Daily Inquirer - 2020-08-06
BAGUIO CITY -- The shuttering of businesses in Baguio City and Benguet province has cost power utility Benguet Electric Cooperative (Beneco) as much as P126 million in foregone revenues since ...

PLDT grows profits despite pandemic disruptions - 2020-08-06
MANILA, Philippines -- Stay-at-home customers supported PLDT Inc. amid a tumultuous first half, growing its profits on the back of higher demand for broadband services despite pandemic-induced disruptions on its expansion plans.

Govt. launches command center to monitor hospital capacity, assist in inter-facility transfer
CNN Philippines - 2020-08-06
Authorities launched on Thursday the One Hospital Command Center which aims to monitor the capacity of healthcare facilities to handle COVID-19 patients, and assist infected persons who need help in finding a hospital or an isolation facility.

One less vote for PhilHealth budget without reforms, says Lacson
CNN Philippines - 2020-08-06
A lawmaker said he may reject the proposed budget of embattled Philippine Health Insurance Corp. if reforms are not carried out amid fraud allegations. "Would they expect me -- personally, I am addressing this to myself -- to support their budget for Philhealth?

'Speculative': Testing czar dismisses report that PH may emerge as Southeast Asia's COVID-19 hotspot
CNN Philippines - 2020-08-06
Testing czar Vince Dizon points out that the country continues to see thousands of new coronavirus infections daily because of increased testing efforts.

Lockdowns push PH economy into deep dive in Q2
CNN Philippines - 2020-08-06
The Philippine economy is officially in recession after posting a 16.5% fall in domestic output for the second quarter, the Philippine Statistics Authority says.

Galvez: 15-day MECQ not enough to reach goals of COVID-19 response
CNN Philippines - 2020-08-06
The chief implementer of the country's coronavirus response said Thursday it is unlikely and difficult to reach the goals of the Department of Health even after reimposing a two-week modified enhanced community quarantine in Metro Manila and nearby provinces.

DST Expands Digital Transformation and Innovation across Brunei with Tech Giant, MultiSys from the Philippines
YAHOO! - 2020-08-06
A Partnership Agreement was signed virtually between Datastream Digital Sdn Bhd (DST) and MultiSys Technologies Corporation (MultiSys), a Software Engineering Solutions company based in the Philippine

PhilHealth chief denies ?15 billion pocketed by execs
CNN Philippines - 2020-08-06
PhilHealth President and CEO Ricardo Morales says the allegations of resigned officer Thorrsson Keith were only made to'malign' his colleagues in the agency.

Gov't sees PH economy shrinking by 5.5% in 2020 with deeper slump, return to MECQ
CNN Philippines - 2020-08-06
The economic downturn is worse than previously expected, with government now seeing a deeper 5.5 percent contraction for 2020.

Inflation spikes to 6-month high of 27% in July - 2020-08-06
MANILA, Philippines -- Consumer prices grew at a faster pace in July, triggered mainly by higher transportation costs, the Philippine Statistics Authority (PSA) reported yesterday. The headline inflation rate accelerated to a six-month high of 2.7 percent ...

Lacson to Morales: One year 'long enough' to handle PhilHealth mess
CNN Philippines - 2020-08-06
A year would have been enough for the head of the embattled Philippine Health Insurance Corp. to address long-standing corruption and other controversies, Sen. Panfilo Lacson says.

Medco Holdings, Inc. issues Notice of Annual Meeting of Stockholders
BusinessMirror - 2020-08-06
the utility firm said it would continue to conduct meter readings despite the enforcement of modified enhanced community quarantine (MECQ). Also, Meralco said its business centers are also open to...

Steep rise in Thai mergers and acquisitions as firms fight off coronavirus crisis
Philippine Daily Inquirer - 2020-08-06
BANGKOK -- The Covid-19 pandemic has sparked a steep rise in mergers and acquisitions, according to an expert at CIMB Thai Bank (CIMBT). Businesses are choosing to fight the crisis by

Philippines suffers first recession in 29 years, braces for grim year on virus woes
YAHOO! - 2020-08-06
The Philippine economy plunged by much more than expected in the second quarter, falling into recession for the first time in 29 years, as economic activity was hammered by one of the world's longest and strictest coronavirus lockdowns.

RPT-UPDATE 1-Philippine economy dives into recession in worst slump on record
Reuters - 2020-08-06
The Philippine economy plunged by much more than expected in the second quarter, falling into recession for the first time in 29 years, as economic activity was hammered by one of the world's longest and strictest coronavirus lockdowns.

Officially a recession: PH GDP shrank 16.5% in Q2
Philippine Daily Inquirer - 2020-08-06
The Philippine economy contracted by a record 16.5 percent during the second quarter -- at the height of the longest and most stringent COVID-19 lockdown in the region that

Philippines plunges into recession as economy shrinks 16.5% in Q2
NIKKEI - 2020-08-06
A Reuters poll had forecast a contraction of ... the fallout from the pandemic was deeper than initially estimated. The Philippines -- despite its longer and stricter lockdown compared with ...

Third of Afghans estimated to have contracted virus: health ministry
Manila Bulletin - 2020-08-05
Nearly a third of Afghanistan's population -- or 10 million people -- has been infected with the coronavirus, according to health ministry estimates published Wednesday.

New Windows 10 Dev Channel test build adds DNS settings tweaks
ZDNet - 2020-08-05
Microsoft is adding more granular controls for DNS in its latest Windows 10 Dev Channel (Fast Ring) test build.

Fauci Reveals He Has Received Death Threats And His Daughters Have Been Harassed
NPR - 2020-08-05
During online forum sponsored by Harvard, Dr. Anthony Fauci discussed how his high-profile position has affected himself and his family personally.

Stricter guidelines await visitors once Baguio reopens for tourism
Philippine Daily Inquirer - 2020-08-05
Should this city reopen to visitors in September as planned, tourists must inform the city government ahead of their trips, pay for coronavirus tests, and prepare to be

Virginia Unveils App To Aid Contact Tracing
NPR - 2020-08-05
Virginia's new COVIDWISE app is designed to alert users who may have been exposed to the coronavirus. The app relies on Bluetooth to notify people who may be at risk.

U.S. Army readies 'Capability Set '23' for communications modernization - 2020-08-05
The U.S. Army announced "Capability Set '23," a technical exchange meeting to consider its requirements for its networking modernization plan.

More Than Half of Doctors Now Part of Healthcare Systems
Medscape - 2020-08-05
Study finds big jump in hospital employment from 2016 to 2018; what will happen as a result of the pandemic remains to be seen.

FDA Adviser: Not Realistic To Expect A COVID-19 Vaccine In 2020
NPR - 2020-08-05
Dr. Paul Offit, who serves on the Food and Drug Administration's vaccine advisory board, says he doesn't think an effective vaccine that's undergone adequate testing can be ready this year.

Moderna prices potential COVID-19 vaccine at $32-$37 per dose - 2020-08-05
U.S. biotech company Moderna announced it will charge between $32 and $37 for its potential COVID-19 vaccine, while also reporting a five-fold increase in revenue Wednesday for the second quarter.

$29 billion biotech company Moderna just signed a big cloud deal with Amazon Web Services, even as the race for a COVID-19 vaccine accelerates
Business Insider - 2020-08-05
Moderna is standardizing on the Amazon Web Services cloud, even as it enters into phase 3 vaccine trials.

Trump falsely said NASA 'was closed and dead' before he was president and appeared to take credit for a private SpaceX launch
Business Insider - 2020-08-05
The US president made false claims about NASA in a Wednesday tweet that reshared video of SpaceX's private launch of a Starship Mars-rocket prototype.

Up north is where industries and entrepreneurs are headed - 2020-08-05
Ayala Land Inc. (ALI) and Leonio Land Holdings, Inc. (LLHI) are bringing to life a 1,800-hectare master-planned sustainable estate to Pampanga with Alviera.

Fake Customer Service Phone Numbers Appearing In Google Searches Warns FTC
Forbes - 2020-08-05
Some scammers are creating fake customer service information for popular companies and paying for it to show up in your search results, according to an alert the FTC put out today in a blog.

Quakes rattle provinces - 2020-08-05
Earthquakes hit different parts of the country on yesterday, but no damage or injuries were reported, the Philippine Institute of Volcanology and Seismology said.

'Flippy' the burger-flipping robot is making fries now -- Future Blink
Mashable - 2020-08-05
Burgers and fries, what a great surprise.

Harness makes first acquisition, snagging open-source CI company
TechCrunch - 2020-08-05
Harness has made a name for itself creating tools like continuous delivery (CD) for software engineers to give them the kind of power that has been traditionally reserved for companies with large engineering teams like Google,

Kubermatic launches open-source service hub to enable complex service management
TechCrunch - 2020-08-05
As Kubernetes and cloud-native technologies proliferate, developers and IT have found a growing set of technical challenges they need to address, and new concepts and projects have popped up to deal with them.

10 of 11 missing seafarers in Beirut found safe
BusinessMirror - 2020-08-05
Also, Meralco said its business centers are also open to... Conglomerate Metro Pacific Investments Corp. (MPIC) on Wednesday said its core income fell 38 percent in the first half to P5.3 billion ...

Buying TikTok's US operations could reportedly cost Microsoft anywhere from $10 billion to $30 billion
Business Insider - 2020-08-05
Microsoft has emerged as the frontrunner to acquire TikTok's US operations as ByteDance struggles to ensure the app isn't banned in the US.

Labor unions push to tax wealth
BusinessMirror - 2020-08-05
Also, Meralco said its business centers are also open to... Conglomerate Metro Pacific Investments Corp. (MPIC) on Wednesday said its core income fell 38 percent in the first half to P5.3 billion ...

Farm sector grows 0.5%; 2020 target revised downward - 2020-08-05
MANILA, Philippines -- The Philippine agriculture sector managed to pull off 0.5 percent growth in the second quarter despite the impact of the coronavirus pandemic. This is a reversal of the 1.4 percent contraction in the same period last year.

Two Filipinos dead, one missing in Beirut blast that killed dozens
CNN Philippines - 2020-08-05
In a latest development, DFA says that all the 11 missing Filipino seafarers from the deadly explosion have been found alive.

SMIC reports 69% drop in H1 earning - 2020-08-05
SM Investments Corp., the listed holding company of the Sy Group, reported a consolidated net income of P7.1 billion in the first half of the year, down 69 percent as some of its businesses were hit by the negative impact of the coronavirus pandemic.

Marcventures optimistic of business growth - 2020-08-05
Listed Marcventures Holdings Inc. expects to maintain its positive momentum this year despite the coronavirus pandemic.

Eternal Gardens celebrates the Transfiguration of Jesus in the time of the pandemic
BusinessMirror - 2020-08-05
Also, Meralco said its business centers are also open to... Conglomerate Metro Pacific Investments Corp. (MPIC) on Wednesday said its core income fell 38 percent in the first half to P5.3 billion ...

Baguio city hall closed for disinfection - 2020-08-05
The city government of Baguio yesterday shut down the city hall for disinfection after three employees tested positive for coronavirus disease 2019 or COVID-19.

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