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BSP powers up small, medium-sized banks with reserve cut
philstar.com - 2020-07-21
The reduction on buffer funds small lenders are required to keep will unleash an additional P10 billion in fresh cash for lending.

EMERGING MARKETS-Philippine shares lag as vaccine view lifts Asia
Nasdaq - 2020-07-21
The Philippines trailed gains for Asia's emerging stock and currency markets on Tuesday, as a surge in local coronavirus cases gnawed at investor sentiment while others cheered promising data for potential COVID-19 vaccines.

EMERGING MARKETS-Philippine shares lag as vaccine view lifts Asia
Reuters - 2020-07-21
The upheaval comes at a time when Southeast Asia's second-biggest economy is struggling to get its huge tourism sector going again, prompting business leaders and investors ... 18.66 Malaysia +0.05 -4.01 0.40 0.44 Philippines -0.14 +2.59 -0.23 -21.48 ...

Poor Filipinos to be prioritized as gov't looks for funds for free masks
CNN Philippines - 2020-07-21
President Rodrigo Duterte urged Filipinos to wear face masks to prevent further spread of COVID-19, promising to find funds to give them away for free, with the poor as priority.

Belmonte: Protests during SONA allowed but only with proper permits
CNN Philippines - 2020-07-21
Metro Manila (CNN Philippines, July 21) -- Quezon City's top official said protests during President Rodrigo Duterte's State of the Nation Address would be allowed, but only if the proper permits ...

Apart from timing, Cha-cha for sake of investments, LGU revenues questioned
philstar.com - 2020-07-21
Finance Secretary Carlos Dominguez III said new proposals to revisit the Charter need "further study," while former Supreme Court Associate Justice Antonio Carpio said it is not needed.

Duterte: PH better off than US in enforcing COVID-19 rules because of unitary gov't
CNN Philippines - 2020-07-21
President Rodrigo Duterte, who has pushed for a shift to federalism, says the Philippine is better off than the US in enforcing COVID-19 measures because of its present unitary form of government

US aid to Philippines' COVID-19 response amounts to nearly P1 billion
philstar.com - 2020-07-21
"So far, total US government COVID-19 assistance to the Philippines amounts to approximately 1 billion pesos. This assistance is being provided through the US Department of Defense, United States Agency for International Development and the US Department of State,

PNP reminds personnel to refrain from sharing libelous content amid flak on Malaybalay police Facebook post
CNN Philippines - 2020-07-21
Metro Manila (CNN Philippines, July 21)-- The Philippine National Police on Tuesday reminded its personnel to refrain from sharing "libelous" content on social media after a local police ...

Philippines to ramp up coronavirus testing as Duterte warns of arrests
Reuters - 2020-07-21
The Philippines said on Tuesday it would ramp up testing for the novel coronavirus amid a sharp rise in infections and deaths since a lockdown was eased in June, while President Rodrigo Duterte threatened to arrest anyone not wearing a mask.

After big banks, BSP cuts reserves for thrift, rural lenders
CNN Philippines - 2020-07-21
The central bank is trimming the reserve standard for thrift, rural and cooperative banks by July 31 to spur additional lending amid the economic slump.

Duterte wants quarantine violators detained 'to learn their lesson'
CNN Philippines - 2020-07-21
With rising COVID-19 cases, President Rodrigo Duterte wants even stricter enforcement of quarantine rules and detain violators to

Jack Ma's Ant Group chooses China for its IPO
CNN Philippines - 2020-07-21
Ant Group announced on Monday that it is planning "a concurrent initial public offering" in Hong Kong and on Shanghai's Star Market, China's answer to the Nasdaq. Ant is affiliated with e-commerce giant Alibaba,

China's movie theaters are back in business
CNN Philippines - 2020-07-21
China's massive box office began to reopen on Monday after the coronavirus pandemic spurred a shutdown lasting roughly six months.

Duterte allows limited face-to-face classes in low-risk areas
CNN Philippines - 2020-07-21
President Rodrigo Duterte has approved the proposal of the Department of Education to carry out limited face-to-face learning in areas deemed to have low risk of COVID-19 transmission.

Toyota provides free booking service app to P2P commuters
philstar.com - 2020-07-21
MANILA, Philippines -- Toyota Motor Philippines (TMP) has announced its free booking service application, SWATRide, for point-to-point (P2P) buses plying the UP Town Center-Glorietta 3 route from July 20 to October 20.

Philippines reports 4 new coronavirus deaths, 1,521 more infections
YAHOO! - 2020-07-21
The Philippines' health ministry on Monday confirmed four new coronavirus deaths and 1,521 new cases, its fifth straight day of reporting over a thousand infections. In a bulletin, the ministry said total deaths have increased to 1,

PNP files raps vs courier firm
philstar.com - 2020-07-20
Charges have been filed against local courier company J&T Express, which President Duterte ordered investigated, amid complaints of alleged mishandling of packages and violations of labor-related laws,

Boards 'Nightmare': Proctors Take Personal Info, Exams on Hold
Medscape - 2020-07-20
The American Board of Surgery canceled the test for July, igniting complaints from applicants who had studied for weeks or months and now worry about security breaches.

Inhaled form of interferon beta shows promise in COVID-19 treatment, maker says
UPI.com - 2020-07-20
Interferon beta, a drug developed to treat asthma, reduces the risk for serious illness and the need for ventilator support in patients hospitalized with COVID-19, according to preliminary Phase 1 trial results.

New details emerge in the Twitter hack that took over more than 100 accounts last week, including those of Bill Gates, Barack Obama, and Elon Musk
Business Insider - 2020-07-20
Despite initial theories that the hack was carried out by a sophisticated nation-state, it appears the culprits were young, less-experienced hackers.

Alison Brie and Dave Franco on how they make each other better filmmakers
Mashable - 2020-07-20
"I honestly don't think I could have done this without her."

SpaceX launches South Korean communications satellite
UPI.com - 2020-07-20
SpaceX launched South Korea's first communications satellite to be dedicated for military use Monday evening from Florida.

Deaths of high-profile NBP inmates raise questions - Sotto
Philippine Daily Inquirer - 2020-07-20
Senate President Vicente Sotto III has "too many unanswered questions" about the death from COVID-19 and cremation of New Bilibid Prison (NBP) inmates, a number of them

2 COVID-19 vaccine candidates show positive results, studies say
UPI.com - 2020-07-20
July 20 (UPI) --COVID-19 vaccine candidates at Britain's Oxford University and U.S. pharma company Pfizer each show promise, according to new results reported Monday. Oxford and its partner, European drug maker AstraZenaca, released data in the medical ...

A turf war between 2 types of VC firms could reshape the venture business but turn startups into collateral damage
Business Insider - 2020-07-20
One seasoned VC investor says large firms like Sequoia could pose an existential threat to early-stage and seed-focused funds.

Outlook sours for sugar industry beset by high output, low demand
Philippine Daily Inquirer - 2020-07-20
The local sugar industry is dealing with an unusual surplus amid favorable weather conditions coupled with demand cutbacks. Local consumption is down, however, and poses a problem that, in the long

BDO fears PH headed toward deepest recession in 35 years
Philippine Daily Inquirer - 2020-07-20
The Philippines may be heading to its deepest economic recession in 35 years due to the coronavirus pandemic, but it is during this crisis that investors should be on the prowl for good bargains

Private sector pushes passage of 27 economic reform bills
Philippine Daily Inquirer - 2020-07-20
Some local and foreign business groups are supporting 27 business and economic reform bills in Congress, which they said could help support growth in 2021 and beyond. These include amendments to ...

From farm to phone: A paradigm shift in grocery
TechCrunch - 2020-07-20
Grocery margins will always be razor thin, and the difference between a profitable and unprofitable grocer is often just cents on the dollar.

PIA holds webinar on dismiss disinformation, mental health care
Big News Network.com - 2020-07-20
Ilocos Sur Information Center conducted a webinar for government information officers (GIOs) in the province recently focused on responsible use of social media and supporting mental health during a pandemic.

A former exec from fully-remote GitLab has a new startup that makes it easy to hire people from anywhere in the world
Business Insider - 2020-07-20
As remote work is more common and US visa laws are more restrictive, this startup makes it incredible easy to hire employees from different countries.

South Korea platform Naver terminates Hong Kong servers
UPI.com - 2020-07-20
South Korea's most popular search engine has shut down its servers in Hong Kong, following the passage of the Hong Kong national security law.

Aurora expands to Texas in bid to ramp up self-driving truck efforts
TechCrunch - 2020-07-20
Aurora, the autonomous vehicle technology startup backed by Amazon, is expanding into Texas as it aims to accelerate the development self-driving trucks. The company said it plans to test commercial routes in the Dallas-Fort Worth Area with a mix of Fiat Chrysler Pacifica minivans and Class 8

Coinbase says it halted more than $280,000 in bitcoin transactions during Twitter hack
The Verge - 2020-07-20
The cryptocurrency exchange Coinbase said that it stopped around 1,100 customers from sending bitcoin to hackers who gained access to high-profile Twitter accounts last week. Last Wednesday, over 100 Twitter accounts,

Man slain in gun duel
philstar.com - 2020-07-20
A man was killed following a gun duel with a village chief, who was wounded in the incident that occurred in Sta. Teresita, Batangas on Sunday night.

Mindanao anti-polio vaccine drive starts
philstar.com - 2020-07-20
As the country strives to contain the spread of coronavirus disease 2019 or COVID-19, the Department of Health yesterday started the mass anti-polio vaccination campaign for children in Mindanao.

US donates P14.8 million PPEs to PGH
philstar.com - 2020-07-20
The United States has donated P14.8 million worth of personal protective equipment to the Philippine General Hospital and other medical facilities nationwide.

Parañaque COVID-19 count nears 2,000
philstar.com - 2020-07-20
MANILA, Philippines -- The number of Parañaque residents infected with coronavirus disease 2019 (COVID-19) has reached nearly 2,000. As of Saturday, the city health office said 1,944 cases of COVID-19 were recorded in Parañaque with 72 deaths and 1,017 ...

Belmonte allays fears on warrantless arrests
philstar.com - 2020-07-20
MANILA, Philippines -- Quezon City Mayor Joy Belmonte yesterday denied that the local government is "out to indiscriminately arrest people" as she apologized for the confusion and alarm caused by a memorandum she issued last week that listed ...

MMDA COVID-19 cases reach 62
philstar.com - 2020-07-20
MANILA, Philippines -- The Metropolitan Manila Development Authority has recorded 62 cases of coronavirus disease 2019 or COVID-19 among its personnel since March, MMDA spokesperson Celine Pialago reported yesterday. Of the number, 20 are active cases.

Man, son shot dead by kin
philstar.com - 2020-07-20
A 52-year-old man and his son were shot dead allegedly by their relatives in Binalbagan, Negros Occidental on Sunday.

30 Zamboanga areas on lockdown
philstar.com - 2020-07-20
At least 30 areas in this city have been placed on lockdown due to rising cases of coronavirus disease 2019 or COVID-19, authorities said yesterday.

Government infrastructure spending down in May
philstar.com - 2020-07-20
Government spending on infrastructure slowed down in May due to the suspension of construction activities amid strict movement restrictions to slow the spread of the COVID-19 pandemic, according to the Department of Budget and Management.

Index climbs on strong property sector
philstar.com - 2020-07-20
MANILA, Philippines -- The benchmark Philippine Stock Exchange index (PSEi), the stock market gauge, climbed yesterday on last minute buying, gaining 61.95 points to close at 6,150.70. Likewise, the broader All Shares index rose by 26.08 points, or 0.72 ...

URC to produce pharma-grade alcohol
philstar.com - 2020-07-20
MANILA, Philippines -- Universal Robina Corp., the Gokongwei-owned listed snacks food giant, will expand into the production of pharmaceutical-grade alcohol and other similar products. The move comes at a time when the country is dealing with the ...

3 comedians nabbed for quarantine breach
philstar.com - 2020-07-20
Three movie comedians were arrested for allegedly violating quarantine protocols in Sto. Domingo, Ilocos Sur on Saturday.

Philippines, World Bank sign agrarian reform loan agreement
philstar.com - 2020-07-20
MANILA, Philippines -- The Philippines and the World Bank have signed a loan agreement of $370 million or approximately P18.3 billion to fast-track the distribution of land to agrarian reform beneficiaries, according to the Department of Finance (DOF).

CebuPac requires swab test for Davao-bound passengers
philstar.com - 2020-07-20
MANILA, Philippines -- Budget carrier Cebu Pacific is requiring passengers bound for Davao to show swab test results certifying they are negative for coronavirus 2019 or COVID-19. Cebu Pacific said passengers should undergo the reverse transcription ...

LPA spotted off Eastern Samar
philstar.com - 2020-07-20
MANILA, Philippines -- A low-pressure area was spotted off Guiuan, Eastern Samar yesterday and is expected to bring rains over some parts of the country in the next 24 hours. As of 3 p.m. yesterday, the low-pressure area was located 480 kilometers east of ...

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