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Meralco moves to resolve billing concerns
BusinessMirror - 2020-07-16
By Lenie Lectura Jovee Marie N. Dela Cruz The Manila Electric Co. (Meralco) has assured the Department of Energy (DOE) that it would soon finish the delivery of "personalized" letters to over 4 million of its customers to explain their May bills.

Graduate education in the new normal
BusinessMirror - 2020-07-16
By Dino Carlo A. Saplala Many schools and universities in the country had suspended onsite classes since March 10 of this year due to the Covid-19 pandemic. Both policy-makers and school administrators confronted a dilemma involving school operations and health considerations.

Investors swamp RCBC bond offer - 2020-07-16
Yuchengco-led Rizal Commercial Banking Corp. raised P16.6 billion as investors gobbled up its peso bonds as it returned to the onshore debt market to raise funds to support asset growth and general purposes,

59 more cops get COVID-19 - 2020-07-16
The Philippine National Police has recorded another surge in coronavirus disease 2019 infections among its personnel with 59 new cases documented on Wednesday night.

NAIA-3 ceiling collapses - 2020-07-16
The ceiling of the Ninoy Aquino International Airport Terminal 3 food hall collapsed before dawn on Wednesday.

The big boom in baking
BusinessMirror - 2020-07-16
AS attested by the supermarket shelves always near-empty of flour, vanilla flavoring, and other condiments, baking has become the primary preoccupation of many Filipinos trying to fill their extra time while being cooped-up and working at home.

DoubleDragon eyes funding from offshore debt markets - 2020-07-16
DoubleDragon Properties Corp., the listed property company chaired by Edgar "Injap" Sia, may issue dollar denominated long term senior bonds, depending on investor appetite.

Tiangco defends Navotas lockdown - 2020-07-16
Navotas Mayor Toby Tiangco yesterday defended his move to put the entire city on lockdown and enforce intensified police visibility amid rising cases of coronavirus disease 2019.

Bulacan-CIDG on lockdown - 2020-07-16
BULACAN, Philippines -- The Criminal Investigation and Detection Group (CIDG) office in Bulacan has been placed on lockdown. Brig. Gen. Rhodel Sermonia confirmed the closure of the office yesterday, but did not give details. Sources said six CIDG ...

Slim chance? Still, believe in your dream
BusinessMirror - 2020-07-16
MY lasting dream is to own a Lexus. I got fascinated by the car when I saw its first advertisement in 1989, the year it was launched. I was in Los Angeles then on my way to covering the World Optimist Junior Golf championship in nearby San Diego.

Koko answers quarantine breach rap - 2020-07-16
Three months after a complaint for violating quarantine protocols was filed against him, Sen. Aquilino "Koko" Pimentel III answered the allegations and submitted his counter-affidavit to the Department of Justice on Wednesday.

Maute leader, 13 BIFF men surrender - 2020-07-16
Abdullah Lumzed Arumpac, alias Afghan, sub-leader of the Maute terror group, surrendered to the 103rd Army Brigade under Col. Jose Maria Cuerpo II in Kampo Ranao on Tuesday, Western Mindanao Command chief Lt.

Stocks bounce back ahead of profit data - 2020-07-16
MANILA, Philippines -- The stock market bounced back yesterday ahead of the release of corporate earnings results and reports the Chinese economy grew in the second quarter, analysts said. The main composite index Philippine Stock Exchange index (PSEi ...

Samar town mayor wounded in shooting - 2020-07-16
Mayor Vicente Limpiado Jr. of Tagapul-an town in Samar was wounded in a gun attack yesterday. Limpiado, 47, was about to leave his farm in Barangay Sugod when he was shot at around 8 a.m. He was hit in the back when he tried to run.

CIMB Bank sees 500% growth in deposits
BusinessMirror - 2020-07-16
The information-technology and business-process management is looking to "upskill" nearly three thirds of its labor force by 2022 through its proposal of a national strategy geared toward ...

PXP Energy looks forward to H2 comeback
BusinessMirror - 2020-07-16
The information-technology and business-process management is looking to "upskill" nearly three thirds of its labor force by 2022 through its proposal of a national strategy geared toward ...

After hedging vs credit losses, BPI sees H1 profits drop 15 percent
BusinessMirror - 2020-07-16
The information-technology and business-process management is looking to "upskill" nearly three thirds of its labor force by 2022 through its proposal of a national strategy geared toward ...

WATCH | Dionela expresses the pain of being left behind
BusinessMirror - 2020-07-16
The 2-hectare facility is located inside the San Lazaro Leisure and Business Park in Carmona and features a... GENEVA--The 2022 Dakar Youth Olympics were postponed by four years on Wednesday ...

Cebu City residents comply 'more consciously' to safety protocols under relaxed quarantine status
CNN Philippines - 2020-07-16
Cebu City Vice Mayor Mike Rama notes that residents are now complying with health protocols as the area was downgraded to modified enhanced community quarantine by President Rodrigo Duterte this week

IMF warns small- and mid-sized business bankruptcies may triple
BusinessMirror - 2020-07-16
The International Monetary Fund warned that the rate of bankruptcy for small- and medium-sized businesses may triple this year in the absence of sufficient government support, threatening to stall the economic recovery and cause financial instability.

No WiFi, no gadgets, and a run-down dorm: Nueva Vizcaya students under more strain amid pandemic
CNN Philippines - 2020-07-16
If not over risks of coronavirus transmission or staying at a run-down dormitory with a leaking roof, students in Ambaguio, Nueva Vizcaya worry over how to acquire devices for online learning.

China says Britain is helping US hurt Huawei Technologies
BusinessMirror - 2020-07-16
China accused Britain on Wednesday of colluding with Washington to hurt Huawei after the Chinese tech giant was blocked from working on a British next-generation mobile phone network. A government spokeswoman said Beijing will protect Chinese companies but gave no indication of possible retaliation.

China becomes first economy to grow since virus pandemic
BusinessMirror - 2020-07-16
China became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2 percent expansion in the latest quarter after anti-virus lockdowns were lifted and factories and stores reopened.

First Gen tags preferred bidders for LNG tanker
BusinessMirror - 2020-07-16
First Gen Corp. LNG Corp., a wholly-owned subsidiary of Lopez-led First Gen Corp., has selected three preferred bidders to participate in a competitive selection process (CSP) for its planned Floating Storage and Regasification Unit (FSRU).

Solon proposes to tap public utilities in cash aid distribution
CNN Philippines - 2020-07-16
A lawmaker said the Department of Social Welfare and Development (DSWD) can tap public utilities, such as power and water distributors, to help in faster distribution of cash aid to households.

Globe not cutting ties with Chinese tech giant Huawei - 2020-07-16
Globe Telecom Inc. won't abandon its partnership with Huawei Technologies Co. Ltd. despite growing unease about Chinese tech firms among Western nations, saying the equipment from the tech giant is crucial to the telecommunications giant's network expansion plans.

E-wallets drive surge in deposit accounts, but over 51M Filipinos still unbanked - BSP
CNN Philippines - 2020-07-16
A central bank survey reveals that e-wallets helped raise the number of Filipinos with formal deposit accounts in 2019, but majority still remained unbanked.

Moody's keeps PH's 'Baa2' rating with stable outlook, cites buffers vs rising debt
CNN Philippines - 2020-07-16
Moody's Investors Service has kept the Philippines' credit rating at 'Baa2,' two notches above minimum investment grade, saying the economy has enough buffers to recover from piling debts due to the pandemic.

Philippines launches retail treasury bond offer at 2.625% coupon rate
Reuters - 2020-07-16
The Philippine government on Thursday launched an offering of five-year retail treasury bonds (RTB), seeking to attract small investors and holders of previously-issued RTBs to swap their holdings for the new issue.

RITM scales down laboratory operations until July 18
CNN Philippines - 2020-07-16
The Research Institute for Tropical Medicine has limited its laboratory operations due to coronavirus-infected personnel, supply shortage and other logistical constraints.

Roque tells US lawmakers not to intervene on Anti-Terrorism Law, says PH is independent
CNN Philippines - 2020-07-16
Several US lawmakers have called for a repeal of the newly signed Anti-Terrorism Law, but Presidential Spokesperson Harry Roque dismisses this, pointing out that the Philippines is an independent country.

Philippines reports 29 new coronavirus deaths, 2,498 infections
Reuters - 2020-07-16
The Philippines' health ministry on Thursday reported 29 new coronavirus deaths and 2,498 additional cases, the country's the biggest daily rise in confirmed infections in more than a week.

NEDA IV-A to balance economy and health in COVID-19 recovery plan
Big News - 2020-07-16
National Economic and Development Authority IV-A OIC Division Chief Theresa Jane Medenilla stated that the agency is working with line government agencies in order to balance out health and economic priorities in fighting COVID-19.

Cashless push gains traction as 5-M more Filipinos own accounts - 2020-07-16
In total, 20.9 million Filipino adults owned an account in either a bank, microfinance institution or cashless systems last year, up from 15.8 million recorded in 2017.

Bangko Sentral ng Pilipinas -- Moody's affirms the Philippines' Baa2 ratings; maintains stable outlook
YAHOO! - 2020-07-16
Moody's Investors Service ("Moody's") has today affirmed the Government of the Philippines' long-term local and foreign currency issuer and senior unsecured debt ratings at Baa2. The rating affirmatio

DSWD eyes end-July completion of 2nd wave of cash aid distribution
CNN Philippines - 2020-07-16
Metro Manila (CNN Philippines, July 16) -- The Department of Social Welfare and Development said its targets is to complete distribution of the second tranche of the Social Amelioration Program ...

New batch of OFWs from Kuwait scheduled to arrive over the weekend
CNN Philippines - 2020-07-16
Philippine Charge d' Affaires to Kuwait Charleson Hermosura said at a televised briefing Thursday that they had asked for clearance for a flight scheduled on July 19. "We asked for assistance for CAAP (Civil Aviation Authority of the Philippines) clearance for a

Twitter blames 'coordinated' attack on its systems for hack of Joe Biden, Barack Obama, Bill Gates and others
CNN Philippines - 2020-07-16
Twitter accounts belonging to Joe Biden, Bill Gates, Elon Musk and Apple, among other prominent handles, were compromised on Wednesday in what Twitter said it believes to be an attack on some of its employees with access to the company's internal tools.

China's economy is growing again. That's good news for the rest of the world
CNN Philippines - 2020-07-16
China's economy is growing again after its worst three-month period in decades -- a sign that could bode well for the global post-coronavirus recovery.

Sub-leader of ISIS-linked terror group surrenders in Marawi - 2020-07-16
Sobejana said Arumpac, a sub-leader of the Dawlah Islamiyah Maute Group, also turned in a rifle and ammunition.

Gen X faces more years of ill health than baby boomers, study suggests
CNN Philippines - 2020-07-16
People in their 40s and 50s are in worse physical shape than people in their 60s and early 70s were at the same age, according to a new study.

Facebook To Increase Oculus Production To 2 Million Units- Report
YAHOO! - 2020-07-16
Facebook Inc. (FB) has boosted production on its Oculus virtual reality (VR) headset to nearly double the amount compared to last year.According to a July 15 report from Nikkei Asian Review, the socia

Duterte set to deliver SONA in Batasang Pambansa - Sotto
CNN Philippines - 2020-07-16
Senate President Tito Sotto says this is not yet set in stone, but Malacañang has already reached out to Senate officials for the SONA preparations.

China's economy bounces back from pandemic contraction - 2020-07-16
China saw forecast-beating economic growth in the second quarter after a record contraction in the previous three months, as businesses cautiously returned to normality following strict lockdowns across the country.

13 more Dawlah Islamiya members surrender in Maguindanao - 2020-07-16
Thirteen more members of the Dawlah Islamiya yielded Wednesday to the military and pledged allegiance to the government.

DOE welcomes Meralco's moves to address billing complaints
CNN Philippines - 2020-07-16
The Department of Energy welcomes steps taken by Manila Electric Company to address numerous complaints from consumers, particularly on the spike in electric bills amid the pandemic.

San Juan offers cash incentives to COVID-19 patients moving to isolation centers
CNN Philippines - 2020-07-16
Metro Manila (CNN Philippines, July 16) -- Three thousand pesos await COVID-19 patients from San Juan City who will agree to be transferred from their homes to a city-based quarantine facility ...

Coronavirus sinks Philippines' remittance lifeline to 19-year low - 2020-07-16
BSP projects remittances, a key driver of consumption and economic activity, will contract 5% this year. As of April, inflows were down 3%.

Coast Guard personnel infected with COVID-19 jumps to 313
CNN Philippines - 2020-07-16
Metro Manila (CNN Philippines, July 16) -- The total number of Coast Guard personnel infected with COVID-19 has risen to 313, its spokesperson said on Thursday. Philippine Coast Guard spokesman ...

How a cruise line prepares to resume sailing after industry shutdown
CNN Philippines - 2020-07-16
A cruise line is taking extra precautionary measures to regain consumer confidence after months-long suspension of services due to the coronavirus pandemic.

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